Public company info - China Resources Microelectronics Ltd. , 00597.HK

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China Resources Microelectronics Ltd., 00597.HK - Company Profile
Chairman Wang Guo Ping
Share Issued (share) 4,294,967,295
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Semiconductors
Corporate Profile Business Summary: The Company with its subsidiaries is a leading manufacturer in the development and operation of semiconductor business in mainland China. Its business covers open foundry, Integrated Circuits (“IC”) design, IC testing and packaging as well as discrete devices. Performance for the year The Group reported a net profit of HK$279.55 million in 2010, comparing with the net loss of HK$182.38 million in 2009, inclusive of a significant impairment loss of HK$190.00 million in the available-forsale investment of the Company. During the year under review, the consolidated turnover of the Group increased significantly by 27.6% to HK$3,874.21 million from HK$3,036.88 million in 2009. The Group’s EBITDA also increased by 129.9% to HK$894.38 million from HK$389.10 million in 2009. The basic earnings per Share for the year was 3.13 HK cents. Business Review Geographical Business Review The Group maintains a healthy geographical business mix to balance the market differentiation, growth potential as well as concentration risks. In particular, the Group maintained its market position by catching various opportunities arising from the growing local demands and strong local industrial supply chain. Technology Migration The Group is dedicated to maintain its positioning as a leading analog semiconductor company in China, by focusing to utilize its accumulated technology in analog semiconductor. Application Focus The Group’s semiconductor products are widely used in consumer electronic devices, as well as the booming power management and green lighting markets, following the global trend in power-saving and low-carbon consciousness. Research and Development The Group continuously invests in its research and development to maintain its competitive power. During 2010, the Group’s research and development expenses increased by 15.8% to 225.00 million, which represented 5.8% of our turnover. The research and development efforts were primarily focused on the mainstream consumer electronics market as well as the booming energy-saving and green lighting markets. The Company highly appreciates employees’ contribution and endeavour to the company technology development. A total of 56 technology projects were awarded in the annual technology citation meeting of the Company in 2010. During the year, the Group has filed 264 patent applications to authorities. Investment in Fab 2 Fab 2 has finished its phase one construction and capacity installation. Its manufacturing capacity has reached 30,000 8-inch wafers per month in December 2010 and set up reliable quality assurance and manufacturing management system. Fab 2 successfully extended its processing geometry into 0.18 μm and several products started mass-production Fab 2’s main market focuses includes automobile electronics, green power and LED display. Prospects Recently, the Chinese State Council announced new stimulus policies to boost the development of the software and IC industries, which are believed to further stimulate the Chinese semiconductor industry growth. In the beginning of the Chinese Twelfth Five-Year Plan, the Chinese government also strived to facilitate the development of Seven Strategic Industries such as alternative energies, energysaving and environmentally friendly technologies, etc. This favourable environment will help drive the growing demands for green lighting, power management and power devices. The Group continuously focuses on relevant analog technologies development and capacity optimization to serve its customers in power management, green lighting, communication and automotive markets and develops its business to better satisfy market demands, by utilizing its comprehensive and synergetic capabilities in IC design, open foundry, testing and packaging, as well as discrete devices.

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