Semiconductor Manufacturing International 20-F 30 Apr 19 2018 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2018shares
Document and Entity Information
Entity Registrant Name	SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORP
Entity Central Index Key	0001267482
Document Type	20-F
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Shell Company	false
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	5,039,819,199
Entity Emerging Growth Company	false
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY

CONSOLIDATED STATEMENT OF PROFI

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Revenue		$ 3,359,984	$ 3,101,175	$ 2,914,180
Cost of sales		(2,613,307)	(2,360,431)	(2,064,499)
Gross profit		746,677	740,744	849,681
Research and development expenses, net		(558,110)	(427,111)	(318,247)
Sales and marketing expenses		(30,455)	(35,796)	(35,034)
General and administration expenses		(199,818)	(198,036)	(167,582)
Net impairment losses (recognized) reversal on financial assets		(937)	137	10,211
Other operating income, net		57,283	44,957	177
Profit from operations		14,640	124,895	339,206
Interest income		64,339	27,090	11,243
Finance costs		(24,278)	(18,021)	(23,037)
Foreign exchange losses		(8,499)	(12,694)	(1,640)
Other gains (losses), net		24,282	16,499	(2,113)
Share of gain (loss) profit of investment accounted for using equity method		21,203	(9,500)	(13,777)
Profit before tax		91,687	128,269	309,882
Income tax (expense) benefit		(14,476)	(1,846)	6,552
Profit for the year		77,211	126,423	316,434
Items that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations		(35,919)	23,213	(19,031)
Change in value of available-for-sale financial assets			(2,381)	807
Cash flow hedges		35,931	35,143	(34,627)
Share of other comprehensive income of joint ventures accounted for using equity method			17,646
Others			(131)	1
Items that will not be reclassified to profit or loss
Actuarial gains or losses on defined benefit plans		129	(436)	1,520
Total comprehensive income (loss) for the year		77,352	199,477	265,104
Profit (loss) for the year attributable to:
Owners of the Company		134,055	179,679	376,630
Non-controlling interests		(56,844)	(53,256)	(60,196)
Profit for the year		77,211	126,423	316,434
Total comprehensive income (loss) for the year attributable to:
Owners of the Company		133,977	251,135	326,191
Non-controlling interests		(56,625)	(51,658)	(61,087)
Total comprehensive income (loss) for the year		$ 77,352	$ 199,477	$ 265,104
Earnings per share
Basic (in dollars per share)	[1]	$ 0.03	$ 0.04	$ 0.09
Diluted (in dollars per share)	[1]	$ 0.03	$ 0.04	$ 0.08
[1]	The basic and diluted earnings per share for the prior years have been adjusted to reflect the impact of the share consolidation, on the basis that every ten ordinary shares of US$0.0004 each consolidated into one ordinary share of US$0.004 each, which was accounted for as a reverse stock split effective on December 7, 2016 (“Share Consolidation”). Please refer to Note 14 for more details

CONSOLIDATED STATEMENT OF PRO_2

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (Parenthetical)	Dec. 31, 2018$ / shares	Dec. 31, 2017$ / shares	Dec. 31, 2016$ / shares	Dec. 07, 2016$ / shares	Dec. 06, 2016$ / shares
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Share consolidation ratio				10
Par value per share	$ 0.004	$ 0.004	$ 0.004	$ 0.004	$ 0.0004

CONSOLIDATED STATEMENT OF FINAN

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Non-current assets
Property, plant and equipment	$ 6,777,970	$ 6,523,403	$ 5,687,357
Land use right	105,436	97,477	99,267
Intangible assets	122,854	219,944	248,581
Investments in associates	1,135,442	758,241	240,136
Investments in joint ventures	15,687	31,681	14,359
Deferred tax assets	45,426	44,875	45,981
Financial assets at fair value through profit or loss	55,472
Derivative financial instruments	5,266		32,894
Other financial assets		17,598
Restricted cash		13,438	20,080
Other assets	11,176	42,810	42,870
Total non-current assets	8,274,729	7,749,467	6,431,525
Current assets
Inventories	593,009	622,679	464,216
Prepayment and prepaid operating expenses	28,161	34,371	27,649
Trade and other receivables	837,828	616,308	645,822
Financial assets at fair value through profit or loss	41,685
Financial assets at amortized cost	1,996,808
Derivative financial instruments	2,583
Other financial assets		683,812	31,543
Restricted cash	592,290	336,043	337,699
Cash and cash equivalent	1,786,420	1,838,300	2,126,011
Total current assets other than assets classified as held-for-sale	5,878,784	4,131,513	3,632,940
Assets classified as held-for-sale	270,807	37,471	50,813
Total current assets	6,149,591	4,168,984	3,683,753
Total assets	14,424,320	11,918,451	10,115,278
Capital and reserves
Ordinary shares, $0.004 par value, 10,000,000,000 shares authorized, 5,039,819,199, 4,916,106,889 and 4,252,922,259 shares issued and outstanding at December 31, 2018, 2017 and 2016, respectively	20,159	19,664	17,012
Share premium	4,993,163	4,827,619	4,950,948
Reserves	109,346	134,669	93,563
Retained earnings (accumulated deficit)	331,298	187,008	(910,849)
Equity attributable to owners of the Company	5,453,966	5,168,960	4,150,674
Perpetual subordinated convertible securities	563,848	64,073
Non-controlling interests	2,905,766	1,488,302	1,252,553
Total equity	8,923,580	6,721,335	5,403,227
Non-current liabilities
Borrowings	1,760,763	1,743,939	1,233,594
Convertible bonds	418,592	403,329	395,210
Bonds payable		496,689	494,909
Medium-term notes		228,483	214,502
Deferred tax liabilities	1,639	16,412	15,382
Deferred government funding	393,902	299,749	265,887
Derivative financial instruments	15,540
Other financial liabilities	11,948	1,919	74,170
Other liabilities	39,128	99,817	37,497
Total non-current liabilities	2,641,512	3,290,337	2,731,151
Current liabilities
Trade and other payables	964,860	1,007,424	897,606
Contract liabilities	44,130	43,036	42,947
Borrowings	530,005	440,608	209,174
Convertible bonds			391,401
Bonds payable	498,551
Short-term notes			86,493
Medium-term notes	218,247
Deferred government funding	244,708	193,158	116,021
Accrued liabilities	164,604	180,912	230,450
Derivative financial instruments	15,806
Other financial liabilities		744	6,348
Current tax liabilities	2,607	270	460
Other liabilities	32,263	40,627
Current liabilities other than liabilities directly associated with assets classified as held-for-sale	2,715,781	1,906,779	1,980,900
Liabilities directly associated with assets classified as held-for-sale	143,447
Total current liabilities	2,859,228	1,906,779	1,980,900
Total liabilities	5,500,740	5,197,116	4,712,051
Total equity and liabilities	$ 14,424,320	$ 11,918,451	$ 10,115,278

CONSOLIDATED STATEMENT OF FIN_2

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 07, 2016	Dec. 06, 2016	Dec. 31, 2015
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
Ordinary shares, par value (in dollars per share)	$ 0.004	$ 0.004	$ 0.004	$ 0.004	$ 0.0004
Ordinary shares, shares authorized (in shares)	10,000,000,000	10,000,000,000	10,000,000,000
Ordinary shares, shares issued (in shares)	5,039,819,199	4,916,106,889	4,252,922,259			42,073,748,961
Ordinary shares, shares outstanding (in shares)	5,039,819,199	4,916,106,889	4,252,922,259

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($) $ in Thousands	Ordinary shares	Share premium	Equity-settled employee benefits reserve	Foreign currency translation reserve	Change in value of available-for-sale financial assets	Convertible bonds equity reserve	Defined benefit plan reserve	Cash flow hedges	Share of other comprehensive income of joint ventures accounted for using equity method	Others	Accumulated deficit	Attributable to owner of the Company	Perpetual subordinated convertible securities	Non-controlling interest	Total
Balance at beginning of year at Dec. 31, 2015	$ 16,830	$ 4,903,861	$ 70,459	$ (3,956)	$ 447	$ 29,564				$ 130	$ (1,287,479)	$ 3,729,856		$ 460,399	$ 4,190,255
Profit for the year											376,630	376,630		(60,196)	316,434
Other comprehensive income (losses) for the year				(18,131)	798		$ 1,520	$ (34,627)		1		(50,439)		(891)	(51,330)
Total comprehensive income (loss) for the year				(18,131)	798		1,520	(34,627)		1	376,630	326,191		(61,087)	265,104
Exercise of stock options	140	36,064	(18,594)									17,610			17,610
Share-based compensation			13,838									13,838		372	14,210
Capital contribution from non-controlling interests														831,254	831,254
Conversion options exercised - Equity component	42	11,023				(821)						10,244			10,244
Recognition of equity component of convertible bonds						52,935						52,935			52,935
Business combination														21,615	21,615
Subtotal	182	47,087	(4,756)			52,114						94,627		853,241	947,868
Balance at end of year at Dec. 31, 2016	17,012	4,950,948	65,703	(22,087)	1,245	81,678	1,520	(34,627)		131	(910,849)	4,150,674		1,252,553	5,403,227
Profit for the year											179,679	179,679		(53,256)	126,423
Other comprehensive income (losses) for the year				21,590	(2,356)		(436)	35,143	$ 17,646	(131)		71,456		1,598	73,054
Total comprehensive income (loss) for the year				21,590	(2,356)		(436)	35,143	17,646	(131)	179,679	251,135		(51,658)	199,477
Issuance of ordinary shares	966	325,174										326,140			326,140
Exercise of stock options	130	35,178	(18,220)									17,088		17	17,105
Share-based compensation			17,495									17,495		719	18,214
Capital contribution from non-controlling interests														294,000	294,000
Conversion options exercised - Equity component	1,556	427,168				(29,625)						399,099			399,099
Perpetual subordinated convertible securities													$ 64,073		64,073
Share premium reduction		(910,849)									910,849
Gain on transfer of business operation											7,329	7,329		(7,329)
Adoption on IFRS 9					1,111				(17,646)		16,535
Subtotal	2,652	(123,329)	(725)			(29,625)					918,178	767,151	64,073	287,407	1,118,631
Balance at end of year at Dec. 31, 2017	19,664	4,827,619	64,978	(497)	$ (1,111)	52,053	1,084	516	$ 17,646		187,008	5,168,960	64,073	1,488,302	6,721,335
Restated total equity at January 1, 2018	19,664	4,827,619	64,978	(497)		52,053	1,084	516			203,543	5,168,960	64,073	1,488,302	6,721,335
Profit for the year											134,055	134,055		(56,844)	77,211
Other comprehensive income (losses) for the year				(36,138)			129	35,931				(78)		219	141
Total comprehensive income (loss) for the year				(36,138)			129	35,931			134,055	133,977		(56,625)	77,352
Issuance of ordinary shares	474	160,404										160,878			160,878
Exercise of stock options	97	25,121	(17,211)									8,007		69	8,076
Share-based compensation			10,912									10,912		749	11,661
Capital contribution from non-controlling interests														1,488,900	1,488,900
Deconsolidation of subsidiaries due to loss of control				(1,774)								(1,774)		(15,629)	(17,403)
Perpetual subordinated convertible securities													499,775		499,775
Cancellation of treasury stock	(76)	(19,981)										(20,057)			(20,057)
Distribution to perpetual subordinated convertible securities											(6,300)	(6,300)			(6,300)
Share of other capital reserve of associates accounted for using equity method										(637)		(637)			(637)
Subtotal	495	165,544	(6,299)	(1,774)						(637)	(6,300)	151,029	499,775	1,474,089	2,124,893
Balance at end of year at Dec. 31, 2018	$ 20,159	$ 4,993,163	$ 58,679	$ (38,409)		$ 52,053	$ 1,213	$ 36,447		$ (637)	$ 331,298	$ 5,453,966	$ 563,848	$ 2,905,766	$ 8,923,580

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating activities
Profit for the year		$ 77,211	$ 126,423	$ 316,434
Adjustments for:
Income tax expense (benefit)		14,476	1,846	(6,552)
Depreciation and amortization expense		1,048,410	971,382	729,866
Expense recognized in respect of equity-settled share- based payments		11,661	18,214	14,210
Interest income		(64,339)	(27,090)	(11,243)
Finance costs		24,278	18,021	23,037
(Gain) loss on disposal of property, plant and equipment and assets classified as held-for-sale		(30,838)	(17,513)	1,846
Gain on deconsolidation of subsidiaries		(3,466)
Gain on disposal of associates			(18,884)
Impairment losses on assets		16,567	46,720	1,024
Net (gain) loss arising on financial instruments at fair value through profit or loss		(9,773)	(6,890)	7,617
Net loss (gain) on foreign exchange		8,632	26,101	(26,236)
Share of (gain) loss of investment accounted for using equity method		(21,203)	9,500	13,777
Other non-cash loss				175
Operating cash flows before movements in working capital:		1,071,616	1,147,830	1,063,955
(Increase) decrease in trade and other receivables		(106,404)	59,084	(100,980)
Increase in inventories		(31,063)	(205,320)	(51,344)
Increase in restricted cash relating to operating activities		(325,512)	(81,795)	(147,834)
Decrease (increase) in prepaid operating expenses		2,000	(6,722)	17,615
Decrease in other operating assets		6,660	2,938	1,576
Increase in trade and other payables		56,598	109,285	72,836
Increase (decrease) in contract liabilities		1,094	89	(13,790)
Increase in deferred government funding		143,485	110,999	126,845
Increase (decrease) in other operating liabilities		17,866	(40,604)	25,031
Cash generated from operations		836,340	1,095,784	993,910
Interest paid		(47,850)	(34,086)	(27,497)
Interest received		34,840	19,425	12,464
Income taxes paid		(23,904)	(437)	(1,675)
Net cash generated from operating activities		799,426	1,080,686	977,202
Investing activities
Payments to acquire financial assets at fair value through profit or loss		(447,717)
Proceeds from sale of financial assets at fair value through profit or loss		540,166
Payments to acquire financial assets at amortized cost		(4,407,790)
Proceeds from maturity of financial assets at amortized cost		2,954,346
Payments to acquire financial assets			(829,371)	(917,272)
Proceeds on sale of financial assets			186,509	1,175,768
Payments for property, plant and equipment		(1,808,253)	(2,287,205)	(2,757,202)
Proceeds from disposal of property, plant and equipment and assets classified as held-for-sale		398,162	688,192	259,799
Payments for joint ventures, associates and other financial assets		(427,197)	(467,885)	(87,645)
Proceeds from disposal of joint ventures and other financial assets		(9,251)	(1,028)	(5,523)
Distributions received from joint ventures and associates		12,322	255	2,027
Payments for intangible assets		(9,817)	(43,755)	(85,729)
Payments for land use rights		(14,425)
Payments for deposit of investing activities		(45,503)
Proceeds from release of restricted cash relating to investing activities		54,743	90,093	34,614
Net cash outflow from deconsolidation of subsidiaries	[1]	(5,549)
Payment for business combination				(73,216)
Net cash used in investing activities		(3,197,261)	(2,662,139)	(2,443,333)
Financing activities
Proceeds from borrowings		782,402	1,194,659	1,239,265
Repayment of borrowings		(536,752)	(537,016)	(228,928)
Proceeds from issuance of new shares		160,878	326,351
Proceeds from issuance of convertible bonds				441,155
Proceeds from issuance of short-term and medium-term notes				314,422
Repayment of short-term notes			(87,858)
Proceeds from issuance of perpetual subordinated convertible securities		499,775	64,350
Distribution paid to perpetual subordinated convertible securities holders		(6,300)
Proceeds from exercise of employee stock options		8,076	17,105	17,610
Payments to acquire treasury shares		(20,057)
Proceeds from non-controlling interests - capital contribution		1,488,900	294,000	831,254
Net cash from financing activities		2,376,922	1,271,591	2,614,778
Net (decrease) increase in cash and cash equivalent		(20,913)	(309,862)	1,148,647
Cash and cash equivalent at the beginning of the year		1,838,300	2,126,011	1,005,201
Effects of exchange rate changes on the balance of cash held in foreign currencies		(16,413)	22,151	(27,837)
Cash and cash equivalents Including effect of exchange rates		1,800,974	1,838,300	2,126,011
Cash and cash equivalent of disposal group as held-for-sale		(14,554)
Cash and cash equivalent at the end of the year		$ 1,786,420	$ 1,838,300	$ 2,126,011
[1]	(1) The net cash outflow was from deconsolidation of subsidiaries due to the Company lost control of Ningbo Semiconductor International Corporation on April 13, 2018. Please refer to Note 19 for more details.

General information

General information	12 Months Ended
	Dec. 31, 2018
General information
General information	1. General information Semiconductor Manufacturing International Corporation (the “Company” or “SMIC”) was established as an exempt company incorporated under the laws of the Cayman Islands on April 3, 2000. The address of the principal place of business is 18 Zhangjiang Road, Pudong New Area, Shanghai, China, 201203. The registered address is at P.O. Box 2681, Cricket Square, Hutchins Drive, Grand Cayman KY1-1111, Cayman Islands. Semiconductor Manufacturing International Corporation is an investment holding company. Semiconductor Manufacturing International Corporation and its subsidiaries (hereinafter collectively referred to as the “Group”) are mainly engaged in the computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits and other semiconductor services, as well as designing and manufacturing semiconductor masks. The principal subsidiaries and their activities are set out in Note 18. These financial statements are presented in US dollars, unless otherwise stated.

Application of new and revised

Application of new and revised International Financial Reporting Standards ("IFRSs")	12 Months Ended
	Dec. 31, 2018
Application of new and revised International Financial Reporting Standards ("IFRSs")
Application of new and revised International Financial Reporting Standards ("IFRSs")	2. Application of new and revised International Financial Reporting Standards (“IFRSs”) NEW AND REVISED IFRSs THAT ARE MANDATORILY EFFECTIVE FOR THE YEAR ENDED DECEMBER 31, 2018 IFRS 9 Financial Instruments IFRS 9 replaces the provisions of IAS 39 that relate to the recognition, classification and measurement of financial assets and financial liabilities, derecognition of financial instruments, impairment of financial assets and hedge accounting. The adoption of IFRS 9 Financial Instruments from January 1, 2018 resulted in changes in accounting policies and adjustments to the amounts recognized in the financial statements. In accordance with the transitional provisions in IFRS 9, comparative figures have not been restated. On January 1, 2018 (the date of initial application of IFRS 9), the Group’s management has assessed which business models apply to the financial assets held by the Group and has classified its financial instruments into the appropriate IFRS 9 categories. (i) Classification and measurement (1) Reclassification from available-for-sale to fair value through profit or loss (“FVPL“) The group elected to present in profit or loss changes in the fair value of all its equity investments previously classified as available-for-sale, because these investments are held as long-term strategic investments that are not expected to be sold in the short to medium term. As a result, assets with a fair value of fair US$24.8 million were reclassified from available-for-sale financial assets to financial assets at FVPL on January 1, 2018. Related gains of US$16.5 million were transferred from reserves to retained earnings on January 1, 2018. For the year ended December 31, 2018, net fair value gains of US$2.0 million relating to these investments were recognized in profit or loss. (2) Reclassification from other financial assets to FVPL Certain investments in financial products sold by banks were reclassified from other financial assets to financial assets at FVPL (US$117.9 million as at January 1, 2018). They do not meet the IFRS 9 criteria for classification at amortized cost, because their cash flows do not represent solely payments of principal and interest. (3) Reclassification from other financial assets to amortized cost Certain investments in over 3 months bank deposits were reclassified from other financial assets to amortized cost (US$559.0 million as at January 1, 2018). At the date of initial application the Group’s business model is to hold these investments for collection of contractual cash flows, and the cash flows represent solely payments of principal and interest on the principal amount. There was no impact on retained earnings at January 1, 2018. (ii) Impairment of financial assets The Group has the following types of financial assets subject to IFRS 9 new expected credit loss model: • Trade receivables; and • Other financial assets at amortized cost For trade receivable, the Group applies the simplified approach for expected credit losses prescribed by IFRS 9. Based on the assessments performed by management, the changes in the loss allowance for trade receivables are insignificant. Impairment on other financial assets at amortized cost is measured as either 12-month expected credit losses or lifetime expected credit loss, depending on whether there has been a significant increase in credit risk since the initial recognition. Based on the assessments performed by management, the changes in the loss allowance for other financial assets at amortized cost are insignificant. IFRS 15 Revenue from Contracts with Customers The new IFRS 15 standard establishes a single revenue recognition framework. The core principle of the framework is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. IFRS 15 supersedes existing revenue recognition guidance including IAS 18 Revenue, IAS 11 Construction Contracts and related interpretations. IFRS 15 requires the application of a 5 steps approach to revenue recognition: • Step 1: Identify the contract(s) with a customer • Step 2: Identify the performance obligations in the contract • Step 3: Determine the transaction price • Step 4: Allocate the transaction price to each performance obligation • Step 5: Recognize revenue when each performance obligation is satisfied IFRS 15 includes specific guidance on particular revenue related topics that may change the current approach taken under IFRS. The standard also significantly enhances the qualitative and quantitative disclosures related to revenue. The standard permits either a full retrospective method to each prior reporting period presented or a modified retrospective approach with the cumulative effect of initially applying the guidance recognized at the date of initial application. The Group has performed a detailed assessment on the impact of the adoption of IFRS 15 and decided to adopt a full retrospective approach. The expected changes in accounting policies will not have any significant impact on the Group’s financial statements. The Group has adopted IFRS 15 Revenue from Contracts with Customers from January 1, 2018 which resulted in changes in accounting policies and adjustments to the amounts recognized in the financial statements. In accordance with the transition provisions in IFRS 15, the Group has adopted the new rules retrospectively and has restated comparatives for the 2017 financial year. Contract liabilities has been presented in the balance sheet to reflect the terminology of IFRS 15, in relation to advance payment received from customers were previously included in trade and other payables (US$43.0 million as at January 1, 2018). Based on the assessment, the timing of revenue recognition on sale of goods is nearly unchanged. Impact on the financial statements The following tables show the adjustments as the impact of the adoption of IFRS 15 and IFRS 9 on the Group’s financial statements and also disclose the new accounting policies that have been applied from January 1, 2018, where they are different to those applied in prior periods. The Group has adopted IFRS 15 retrospectively with restating comparatives for the 2016 and 2017 financial years. (In USD’000) Impact on Impact on 12/31/16 IFRS 15 12/31/16 12/31/17 IFRS 15 12/31/17 Consolidated statement of financial position (extract) As originally Contract Restated As originally Contract Restated Trade and other payables 940,553 (42,947) 897,606 1,050,460 (43,036) 1,007,424 Contract liabilities — 42,947 42,947 — 43,036 43,036 940,553 — 940,553 1,050,460 — 1,050,460 The Group has adopted IFRS 9 without restating comparative information as at December 31, 2017. (In USD’000) 12/31/17 Impact on IFRS 9 01/01/18 Consolidated statement of As originally Cross Foreign Financial 3 months Equity Contingent Restated Non-current assets Other assets 42,810 — — — — (24,844) — 17,966 Financial assets at fair value through profit or loss — — — — — 24,844 — 24,844 Derivative financial instruments — 17,598 — — — — — 17,598 Other financial assets 17,598 (17,598) — — — — — — Current assets Financial assets at fair value through profit or loss — — — 117,928 — — — 117,928 Financial assets at amortized cost — — — — 559,034 — — 559,034 Derivative financial instruments — 4,739 2,111 — — — — 6,850 Other financial assets 683,812 (4,739) (2,111) (117,928) (559,034) — — — 744,220 — — — — — — 744,220 Non-current liabilities Derivative financial instruments — 1,919 — — — — — 1,919 Other financial liabilities 1,919 (1,919) — — — — 12,549 12,549 Other Liabilities 99,817 — — — — — (12,549) 87,268 Current liabilities Derivative financial instruments — 742 2 — — — — 744 Other financial liabilities 744 (742) (2) — — — — — 102,480 — — — — — — 102,480 Equity Reserves 134,669 — — — — (16,535) — 118,134 Retained earnings 187,008 — — — — 16,535 — 203,543 321,677 — — — — — — 321,677 New or revised IFRSs in issue but not yet effective The Group has not applied the following new and revised IFRSs that have been issued but are not yet effective: New or revised IFRS Effective date IFRS 16 — Lease On or after January 1, 2019 IFRS 17 - Insurance Contracts On or after January 1, 2022 IFRIC 23 — Uncertainty over Income Tax Treatments On or after January 1, 2019 Amendments to IFRS 9 — Prepayment Features with Negative Compensation On or after January 1, 2019 Amendments to IAS 28 — Long-term Interests in Associates and Joint Ventures On or after January 1, 2019 Amendments to IFRS 3 — Definition of Business On or after January 1, 2020 Amendments to IAS 1 and IAS 8 — Definition of material On or after January 1, 2020 Amendments to IAS 1 and IAS 8 — Definition of material On or after January 1, 2019 Amendments to IFRS 10 and IAS 28 — Sale or contribution of assets between an investor and its association or joint venture Not yet determined The new IFRS 16 standard will result in almost all leases being recognized on the balance sheet by lessees, as the distinction between operating and finance leases is removed. Under the new standard, an asset (the right to use the leased item) and a financial liability to pay rentals are recognized. The only exceptions are short-term and low-value leases. The Group has set up a project team which has reviewed all of the Group’s leasing arrangements over the last year in light of the new lease accounting rules in IFRS 16. The standard will affect primarily the accounting for the Group’s operating leases and sales and leaseback transaction. As at the reporting date, the Group has lease expense of US$303.5 million on non-cancellable operating lease commitments (see note 41). The Group expects to recognize right-of-use assets and lease liabilities of approximately US$279.7 million on January 1, 2019. The Group will apply the standard from its mandatory adoption date of January 1, 2019. The Group intends to apply the simplified transition approach and will not restate comparative amounts for the year prior to first adoption. Right-of- use assets for property leases will be measured on transition as if the new rules had always been applied. All other right-of-use assets will be measured at the amount of the lease liability on adoption. There are no other standards that are not yet effective and that would be expected to have a material impact on the Group in the current or future reporting periods and on foreseeable future transactions.

Significant accounting policies

Significant accounting policies	12 Months Ended
	Dec. 31, 2018
Significant accounting policies
Significant accounting policies	3. Significant accounting policies Statement of compliance The consolidated financial statements have been prepared in accordance with all applicable IFRS issued by the IASB. In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited. Basis of preparation The consolidated financial statements have been prepared on a historical cost basis, except for certain financial instruments that are measured at fair value as explained in the accounting policies set out below. The consolidated financial statements are presented in US dollars and all values are rounded to the nearest thousand, except when otherwise indicated. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the Group takes into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these consolidated financial statements is determined on such a basis, except for share-based payment transactions that are within the scope of IFRS 2, and measurements that have some similarities to fair value but are not fair value, such as net realizable value in IAS 2 or value in use in IAS 36. In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: · Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date; · Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and · Level 3 inputs are unobservable inputs for the asset or liability. The principal accounting policies are set out below. Basis of consolidation The consolidated financial statements incorporate the financial statements of the Group and entities (including structured entities) controlled by the Group. Control is achieved when the Group: · has power over the investee; · is exposed, or has rights, to variable returns from its involvement with the investee; and · has the ability to use its power to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Group has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Group considers all relevant facts and circumstances in assessing whether or not the Group’s voting rights in an investee are sufficient to give it power, including: · the size of the Group’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; · potential voting rights held by the Group, other vote holders or other parties; · rights arising from other contractual arrangements; and · any additional facts and circumstances that indicate that the Group has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of profit or loss and other comprehensive income from the date the Group gains control until the date when the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the non- controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. Changes in the Group’s ownership interests in existing subsidiaries Changes in the Group’s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the Company. When the Group loses control of a subsidiary, a gain or loss is recognized in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable IFRSs). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9, when applicable, the cost on initial recognition of an investment in an associate or a joint venture. Separate principal statement Investments in subsidiaries are accounted for at the equity method in accordance with IAS 27 and IAS 28. Under the equity method, the investments are initially recognized at cost and adjusted thereafter to recognize the group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the group’s share of movements in other comprehensive income of the investee in other comprehensive income. When the group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Investments in associates An associate is an entity over which the Group has significant influence and that is neither a subsidiary nor an interest in a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. The results and assets and liabilities of associates are incorporated in these consolidated financial statements using the equity method of accounting. Under the equity method, investments in associates are initially recognized in the consolidated statement of financial position at cost and adjusted thereafter to recognize the Group’s share of the profit or loss and other comprehensive income of the associates. When the Group’s share of losses of an associate exceeds the Group’s interest in that associate (which includes any long-term interests that, in substance, form part of the Group’s net investment in the associate), the Group discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of that associate. An investment in an associate is accounted for using the equity method from the date on which the investee becomes an associate. On acquisition of the investment in an associate, any excess of the cost of the investment over the Group’s share of the net fair value of the identifiable assets and liabilities of the investee is recognized as goodwill, which is included within the carrying amount of the investment. Any excess of the Group’s share of the net fair value of the identifiable assets and liabilities over the cost of the investment, after reassessment, is recognized immediately in profit or loss in the period in which the investment is acquired. The requirements of IAS 28 are applied to determine whether it is necessary to recognize any impairment loss with respect to the Group’s investment in an associate. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment in accordance with IAS 36 Impairment of Assets as a single asset by comparing its recoverable amount (higher of value in use and fair value less costs to sell) with its carrying amount. The difference between the recoverable amount and the carrying amount is recognized as impairment loss in the profit or loss. Any reversal of that impairment loss is recognized in accordance with IAS 36 to the extent that the recoverable amount of the investment subsequently increases. The Group discontinues the use of the equity method from the date when the investment ceases to be an associate, or when the investment is classified as held-for-sale. When the Group retains an interest in the former associate and the retained interest is a financial asset, the Group measures the retained interest at fair value at that date and the fair value is regarded as its fair value on initial recognition in accordance with IFRS 9. The difference between the carrying amount of the associate at the date the equity method was discontinued, and the fair value of any retained interest and any proceeds from disposing of a part interest in the associate is included in the determination of the gain or loss on disposal of the associate. In addition, the Group accounts for all amounts previously recognized in other comprehensive income in relation to that associate on the same basis as would be required if that associate had directly disposed of the related assets or liabilities. Therefore, if a gain or loss previously recognized in other comprehensive income by that associate would be reclassified to profit or loss on the disposal of the related assets or liabilities, the Group reclassifies the gain or loss from equity to profit or loss (as a reclassification adjustment) when the equity method is discontinued. When the Group reduces its ownership interest in an associate but the Group continues to use the equity method, the Group reclassifies to profit or loss the proportion of the gain or loss that had previously been recognized in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities. When a group entity transacts with an associate of the Group, profits and losses resulting from the transactions with the associate are recognized in the Group’s consolidated financial statements only to the extent of interests in the associate that are not related to the Group. Unrealized losses are eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group. In accordance with IAS 28, when the financial statements of an associate used in applying the equity method are prepared as of a different reporting date from that of the Group, adjustments are made by the Group for the effects of significant transactions or events. In no circumstances can the difference between the reporting date of the associate and that of the Group be more than three months and the length of the reporting periods and any difference in the reporting dates are the same from period to period. Investments in joint ventures The Group has applied IFRS 11 to all joint arrangements. Under IFRS 11 investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations each investor. The Group has assessed the nature of its joint arrangements and determined them to be joint ventures. Joint ventures are accounted for using the equity method. Under the equity method of accounting, interests in joint ventures are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses and movements in other comprehensive income. The Group’s investments in joint ventures include goodwill identified on acquisition. Upon the acquisition of the ownership interest in a joint venture, any difference between the cost of the joint venture and the Group’s share of the net fair value of the joint venture’s identifiable assets and liabilities is accounted for as goodwill. When the Group’s share of losses in a joint venture equals or exceeds its interests in the joint ventures (which includes any long-term interests that, in substance, form part of the Group’s net investment in the joint ventures), the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the joint ventures. Unrealized gains on transactions between the Group and its joint ventures are eliminated to the extent of the Group’s interest in the joint ventures. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of the joint ventures have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-current assets held-for-sale Non-current assets and disposal groups are classified as held-for-sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the non-current asset (or disposal group) is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification. Non-current assets (and disposal groups) classified as held-for-sale are measured at the lower of their previous carrying amount and fair value less costs of disposal. Revenue recognition Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods The Group manufactures semiconductor wafers for its customers based on the customers’ designs and specifications pursuant to manufacturing agreements and/or purchase orders. The Group also sells certain semiconductor standard products to customers. Revenues are recognized when, or as, the control of the goods or services is transferred to the customer. Depending on the terms of the contract and the laws applicable, control of the goods and services may be transferred over time or at a point in time. Control of the goods and services is transferred over time if the Group’s performance: · provides all of the benefits received and consumed simultaneously by the customer; · creates and enhances an asset that the customer controls as the Group performs; or · does not create an asset with an alternative use to the Group and the Group has an enforceable right to payment for performance completed to date. If control of the goods and services transfers over time, revenue is recognized over the period of the contract by reference to the progress towards complete satisfaction of that performance obligation. Otherwise, revenue is recognized at a point in time when the customer obtains control of the goods and services. Contracts with customers may include multiple performance obligations. For such arrangements, the Group allocates revenue to each performance obligation based on its relative standalone selling price. The Group generally determines standalone selling prices based on the prices charged to customers. If the standalone selling price is not directly observable, it is estimated using expected cost plus a margin or adjusted market assessment approach, depending on the availability of observable information. Assumptions and estimations have been made in estimating the relative selling price of each distinct performance obligation, and changes in judgements on these assumptions and estimates may impact the revenue recognition. When either party to a contract has performed, the Group presents the contract in the statement of financial position as a contract asset or a contract liability, depending on the relationship between the entity’s performance and the customer’s payment. A contract asset is the Group’s right to consideration in exchange for goods and services that the Group has transferred to a customer. Incremental costs incurred to obtain a contract, if recoverable, are capitalized and presented as contract assets and subsequently amortized when the related revenue is recognized. If a customer pays consideration or the Group has a right to an amount of consideration that is unconditional, before the Group transfers a good or service to the customer, the Group presents the contract as a contract liability when the payment is made or the a receivable is recorded (whichever is earlier). A contract liability is the Group’s obligation to transfer goods or services to a customer for which the Group has received consideration (or an amount of consideration is due) from the customer. A receivable is recorded when the Group has an unconditional right to consideration. A right to consideration is unconditional if only the passage of time is required before payment of that consideration is due. Customers have the right of return within one year pursuant to warranty provisions. The Group typically performs tests of its products prior to shipment to identify yield rate per wafer. Occasionally, product tests performed after shipment identify yields below the level agreed with the customer. In those circumstances, the customer arrangement may provide for a reduction to the price paid by the customer or for the costs to return products and to ship replacement products to the customer. The Group estimates the amount of sales returns and the cost of replacement products based on the historical trend of returns and warranty replacements relative to sales as well as a consideration of any current information regarding specific known product defects at customers that may exceed historical trends. Transfer of intellectual property The group transferred certain pieces of intellectual property to customers. If the license to a customer is to provide the customer a right to access the Group’s intellectual property as it exists throughout the license period, revenues from licensing are recognized when the control of the license is transferred to the customer. If the license to a customer is to provide the customer a right to use the Group’s intellectual property as it exists at the point in time at which the license is granted, revenues from licensing are recognized as the control of the technology license is transferred to the customer. Gain on sale of real estate property Gain from sales of real estate property is recognized when all the following conditions are satisfied: 1) sales contract executed, 2) full payment collected, or down payment collected and non-cancellable mortgage contract is executed with borrowing institution, 3) the legal title has passed to the buyers, 4) and the control over the property has been transferred to the buyers. Interest income Interest income from a financial asset is recognized when it is probable that the economic benefits will flow to the Group and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable. Foreign currencies Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (“the functional currency”). The consolidated financial statements are presented in Untied States dollar (“US dollar”), which is the Company’s functional and the Group’s presentation currency. In preparing the financial statements of each individual group entity transactions in currencies other than the entity’s functional currency (foreign currencies) are recognized at the rates of exchange prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences on monetary items are recognized in profit or loss in the period in which they arise. For the purposes of presenting consolidated financial statements, the assets and liabilities of the Group’s foreign operations are translated into United States dollars using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the dates of the transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate). On the disposal of a foreign operation (i.e. a disposal of the Group’s entire interest in a foreign operation, or a disposal involving loss of control over a subsidiary that includes a foreign operation, or a disposal involving loss of significant influence over an associate that includes a foreign operation), all of the exchange differences accumulated in equity in respect of that operation attributable to the owners of the Company are reclassified to profit or loss. Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalization. All other borrowing costs are recognized in profit or loss in the period in which they are incurred. Government funding Government funding relating to property, plant and equipment, whose primary condition is that the Group should purchase, construct or otherwise acquire non-current assets, are recognized as deferred income in the consolidated statement of financial position and transferred to profit or loss on a systematic and rational basis over the useful lives of the related assets. Government funding that is receivable as compensation for expenses or losses already incurred is recorded as a liability upon receipt and recognized as reduction of expenses or losses until the requirements (if any) specified in the terms of the funding have been reached. Retirement benefits The Group’s local Chinese employees are entitled to a retirement benefit based on their salary and their length of service in accordance with a state- managed pension plan. The PRC government is responsible for the pension liability to these retired staff. The Group is required to make contributions to the state- managed retirement plan at a rate equal to 19.0% to 20.0% (the standard in Shenzhen site ranges from 13% to 14% according to Shenzhen government regulation) of the monthly basic salary of current employees. The Group has no further payment obligations once the contributions have been paid. The costs are recognized in profit or loss when incurred. Besides, LFoundry S.r.l. (“LFoundry”, the Company’s majority-owned subsidiary in Avezzano, Italy) employees are entitled to a retirement plan and a defined benefit plan. The liability recognized in the consolidated statement of financial position in respect of defined benefit plans is the present value of the defined benefit obligation at the end of the reporting period. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related defined benefit obligation. Share-based payment arrangements Equity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Group’s estimate of equity instruments that will eventually vest, with a corresponding increase in equity. At the end of each reporting period, the Group revises its estimate of the number of equity instruments expected to vest. The impact of the revision of the original estimates, if any, is recognized in profit or loss such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to the equity-settled employee benefits reserve. When share options are exercised, the amount previously recognized in the reserve will be transferred to share premium. Equity-settled share-based payment transactions with parties other than employees are measured at the fair value of the goods or services received, except where that fair value cannot be estimated reliably, in which case they are measured at the fair value of the equity instruments granted, measured at the date the entity obtains the goods or the counterparty renders the service. Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the consolidated statements of profit or loss and other comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if the temporary difference arises from goodwill or from the initial recognition other than in a business combination of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries and associates, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments are only recognized to the extent that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Property, plant and equipment Property, plant and equipment held for use in the production or supply of goods or services, or for administrative purposes, are stated in the consolidated statement of financial position at their costs, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Such cost includes the cost of replacing part of the property, plant and equipment and borrowing costs for long-term construction projects if the recognition criteria are met. The Group constructs certain of its plant and equipment. In addition to costs under the construction contracts, external costs that are directly related to the construction and acquisition of such plant and equipment are capitalized. Depreciation is recorded at the time assets are ready for their intended use. Such properties are classified to the appropriate categories of property, plant and equipment when completed and ready for intended use. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the profit or loss during the financial period in which they are incurred. An item at property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss. Depreciation is recognized so as to write off the cost of items of property, plant and equipment other than properties under construction over their estimated useful lives, using the straight-line method. The estimated useful lives and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. The following useful lives are used in the calculation of depreciation. Buildings 25 years Plant and equipment 5–10 years Office equipment 3–5 years Leasehold equipment under finance leases Over the lease terms Land use right Land use rights, which are all located i

Critical accounting judgments a

Critical accounting judgments and key sources of estimation uncertainty	12 Months Ended
	Dec. 31, 2018
Critical accounting judgments and key sources of estimation uncertainty
Critical accounting judgments and key sources of estimation uncertainty	4. Critical accounting judgments and key sources of estimation uncertainty Critical accounting judgments In the application of the Group’s accounting policies, which are described in Note 3, the Group is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. Key sources of estimation uncertainty The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Inventories Inventories are stated at the lower of cost (weighted average) or net realizable value (“NRV”), with NRV being the “estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale”. The Group estimates the recoverability for such finished goods and work-in-progress based primarily upon the latest invoice prices and current market conditions. If the NRV of an inventory item is determined to be below its carrying value, the Group records a write-down to cost of sales for the difference between the carrying cost and NRV. Long-lived assets The Group assesses the impairment of long-lived assets when events or changes in circumstances indicate that the carrying value of asset or cash- generating unit (“CGU”) may not be recoverable. Factors that the Group considers in deciding when to perform an impairment review include, but are not limited to significant under-performance of a business or product line in relation to expectations, significant negative industry or economic trends, and significant changes or planned changes in the use of the assets. An impairment analysis is performed at the lowest level of identifiable independent cash flows for an asset or CGU. An impairment exists when the carrying value of an asset or cash-generating unit exceeds its recoverable amount, which is the higher of its fair value less costs to sell and its value in use. The fair value less costs to sell calculation is based on available data from binding sales transactions, conducted at arm’s length, for similar assets or observable market prices less incremental costs for disposing of the asset. The value in use calculation is based on a discounted cash flow model. The Group makes subjective judgments in determining the independent cash flows that can be related to a specific CGU based on its asset usage model and manufacturing capabilities. The Group measures the recoverability of assets that will continue to be used in the Group’s operations by comparing the carrying value of CGU to the Group’s estimate of the related total future discounted cash flows. If a CGU’s carrying value is not recoverable through the related discounted cash flows, the impairment loss is measured by comparing the difference between the CGU’s carrying value and its recoverable amount, based on the best information available, including market prices or discounted cash flow analysis. The recoverable amount is most sensitive to the discount rate used for the discounted cash flow model as well as the expected future cash-inflows and the growth rate and sales margin used for extrapolation purposes. In order to remain technologically competitive in the semiconductor industry, the Group has entered into technology transfer and technology license arrangements with third parties in an attempt to advance the Group’s process technologies. The payments made for such technology licenses are recorded as an intangible asset or as a deferred cost and amortized on a straight-line basis over the estimated useful life of the asset. The Group routinely reviews the remaining estimated useful lives of these intangible assets and deferred costs. The Group also evaluates these intangible assets and deferred costs for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. When the carrying amounts of such assets are determined to exceed their recoverable amounts, the Group will impair such assets and write down their carrying amounts to recoverable amount in the year when such determination was made. Share-based Compensation Expense The fair value of options and shares issued pursuant to the Group’s option plans at the grant date was estimated using the Black-Scholes option pricing model. This model was developed for use in estimating the fair value of traded options that have no vesting restrictions and are fully transferable. In addition, option-pricing models require the input of highly subjective assumptions, including the expected term of the options, the estimated forfeiture rates and the expected stock price volatility. The expected term of options granted represents the period of time that options granted are expected to be outstanding. The Group estimated forfeiture rates using historical data to estimate option exercise and employee termination within the pricing formula. The Group uses projected volatility rates based upon the Group’s historical volatility rates. These assumptions are inherently uncertain. Different assumptions and judgments would affect the Group’s calculation of the fair value of the underlying ordinary shares for the options granted, and the valuation results and the amount of share-based compensation would also vary accordingly. Further details on share-based compensation are disclosed in Note 37. Taxes Uncertainties exist with respect to the interpretation of complex tax regulations, changes in tax laws, and the amount and timing of future taxable income. Given the wide range of international business relationships and the long-term nature and complexity of existing contractual agreements, differences arising between the actual results and the assumptions made, or future changes to such assumptions, could necessitate future adjustments to tax income and expense already recorded. The Group establishes provisions, based on reasonable estimates, for possible consequences of audits by the tax authorities of the respective counties in which it operates. The amount of such provisions is based on various factors, such as experience of previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority. Such differences of interpretation may arise on a wide variety of issues depending on the conditions prevailing in the respective domicile of the Group companies. Deferred tax assets are recognized for unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilized. Significant management judgment is required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable profits together with tax planning strategies. The realizability of the deferred tax asset mainly depends on whether sufficient profits or taxable temporary differences will be available in the future. In cases where the actual future profits generated are less than expected, a material reversal of deferred tax assets may arise, which would be recognized in profit or loss for the period in which such a reversal takes place. Fair value of financial instruments Some of the Group’s assets and liabilities are measured at fair value for financial reporting purposes. In estimating the fair value of an asset or a liability, the Group uses market-observable data to the extent it is available. Where Level 1 inputs are not available, the Group engages third party qualified valuers to perform the valuation. The Group uses valuation techniques that include inputs that are not based on observable market data to estimate the fair value of certain types of financial instruments. Notes 38 provide detailed information about the valuation techniques, inputs and key assumptions used in the determination of the fair value of various assets and liabilities. Acting as limited partner, the Group has invested in a number of investment funds. Based on the assessments performed by management, the Group accounted for such investment funds as investments in joint ventures or associate by using equity method. The investment funds measured their investments in portfolio investments at fair value. These investment funds held a number of portfolio investments. The valuation of such portfolio investments is primarily based on a combination of adoption of applicable valuation methodology and the application of appropriate assumptions in the valuation. Impairment of financial instruments The Group recognizes lifetime expected credit losses (“ECL”) for trade receivables. The expected credit losses on trade receivables are estimated using a provision matrix based on the Group’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date. For all other financial instruments, the Group recognizes lifetime ECL when there has been a significant increase in credit risk since initial recognition. However, if the credit risk on the financial instruments has not increased significantly since initial recognition, the Group measures the loss allowance for that financial instruments at an amount equal to 12-month ECL. Sales and lease back The Group entered into arrangements to sell and leaseback a batch of production equipment with a repurchase option at a pre-determined price. The Group made judgements on whether the arrangements are lease arrangements and whether they are operating lease. The Group estimates the fair value of production equipment based on the price of similar production equipment to judge whether the repurchase option was set at a significant discount to the estimated fair value when it becomes exercisable and whether the repurchase option will be almost certain to be exercised under the scope of IAS 17 Leases and SIC 27 Evaluating the Substance of Transactions in the Legal Form of a Lease.

Segment information

Segment information	12 Months Ended
	Dec. 31, 2018
Segment information
Segment information	5. Segment information DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS The Group is engaged principally in the computer-aided design, manufacturing and trading of integrated circuits. The Group’s chief operating decision makers have been identified as the Co-Chief Executive Officers, who review consolidated results when making decisions about resources allocation and assessing performance of the Group. The Group operates in one segment. The measurement of segment profits is based on profit from operation as presented in the statements of profit or loss and other comprehensive income. The Group deriving revenue from the transfer of goods and services only at a point in time in the three geographical areas — United States, Europe, and Asia Pacific. The Group’s operating revenue from customers, based on the location of their headquarters, is detailed below. Revenue from external customers Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 At a point in time USD’000 USD’000 USD’000 United States (1) 1,062,134 1,240,906 858,858 Mainland China and Hong Kong 1,985,292 1,465,553 1,447,427 Eurasia (2) 312,558 394,716 607,895 3,359,984 3,101,175 2,914,180 (1) Presenting the revenue to those companies whose headquarters are in the United States, but ultimately selling and shipping the products to their global customers. (2) Not including Mainland China and Hong Kong . The Group’s operating revenue transferred by product and service type only at a point in time is detailed below: Revenue from external customers Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 At a point in time USD’000 USD’000 USD’000 Sales of wafers 3,031,770 3,038,947 2,803,819 Mask making, testing and others (1) 328,214 62,228 110,361 3,359,984 3,101,175 2,914,180 (1) Including the recognized technology licensing revenue of US$163.8 million for the year ended December 31, 2018. The technology licensing internally developed and not capitalized was authorized to Semiconductor Manufacturing Electronics (Shaoxing) Corporation (“SMEC”, an associate of the Group) with no related cost of sales recognized by the Group. Liabilities related to contracts with customes The group has recognized the liabilities related to contracts with customers as contract liabilities of US$44.1 million as of December 31, 2018 (December 31, 2017: US$43.0 million and December 31, 2016: US$42.9 million). The contract liabilities comprises of the prepayments received from customers, to which wafers have not been transferred. Revenue recognized that was included in the contract liabilities balance at the beginning of the year was US$43.0 million (2017: US$42.9 million and 2016: US$56.7 million). Unsatisfied performance obligations The Group selected to choose a practical expedient and omitted disclosure of remaining performance obligations as all related contracts have a duration of one year or less. Segment assets The Group’s business is characterized by high fixed costs relating to advanced technology equipment purchases, which result in correspondingly high levels of depreciation expenses. The Group will continue to incur capital expenditures and depreciation expenses as it equips and ramps-up additional fabs and expand its capacity at the existing fabs. The following table summarizes property, plant and equipment of the Group by geographical location. As of December 31, 2018, 2017 and 2016, substantially all of the non-current assets other than financial instruments, deferred tax assets and property, plant and equipment listed below of the Group were located in Mainland China. Property, plant and equipment Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 United States 15 45 69 Europe 1,603 137,778 125,339 Asia (1) 66 117 97 Hong Kong 2,415 2,618 2,839 Mainland China 6,773,871 6,382,845 5,559,013 6,777,970 6,523,403 5,687,357 (1) Not including Mainland China and Hong Kong

Significant customers

Significant customers	12 Months Ended
	Dec. 31, 2018
Significant customers
Significant customers	6. Significant customers The following table summarizes net revenue or gross accounts receivable for customers which accounted for 10% or more of net revenue and gross accounts receivable: Net revenue Gross accounts receivable Year ended December 31, December 31, Customer A 582,349 538,102 609,802 75,510 95,575 129,619 Customer B 527,633 636,662 382,853 67,734 133,281 78,639 Customer A 17 % 17 % 21 % 18 % 23 % 26 % Customer B 16 % 21 % 13 % 16 % 33 % 16 %

Other operating income, net

Other operating income, net	12 Months Ended
	Dec. 31, 2018
Other operating income, net
Other operating income, net	7. Other operating income, net Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Gain (loss) on disposal of property, plant and equipment and assets classified as held-for-sale (1) 30,838 17,513 (1,846) Impairment loss recognized on tangible and intangible assets (Note 11) (9,218) — (7,529) Government funding (Note 34) 32,198 27,444 9,542 Others 3,465 — 10 57,283 44,957 177 (1) The gain o n disposal of property, plant and equipment and assets classified as held-for-sale for the year ended December 31, 2018 was primarily from the gain arising from the disposal of equipment. The gain on disposal of property, plant and equipment and assets classified as held-for-sale for the year ended December 31, 2017 was primarily due to the gain arising from the disposal of equipment of which US$6.9 million was related to sale and lease back transactions as disclosed in Note 40. The loss on disposal of property, plant and equipment and assets classified as held-for-sale for the year ended December 31, 2016 was primarily due to the loss arising the disposal of equipment and the gain arising from the sales of the staff living quarters in Beijing to employees.

Finance costs

Finance costs	12 Months Ended
	Dec. 31, 2018
Finance costs
Finance costs	8. Finance costs Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Interest on: Bank and other borrowings 44,668 25,543 17,793 Finance leases 190 232 62 Convertible bonds 15,263 15,818 16,352 Corporate bonds 22,487 22,405 22,327 Medium-term notes 8,335 8,185 4,625 Short-term notes — 1,164 1,509 Less: government funding (Note 34) (19,496) (24,182) (11,639) 71,447 49,165 51,029 Less: amounts capitalized (47,169) (31,144) (27,992) 24,278 18,021 23,037 The weighted average effective interest rate on funds borrowed generally is 2.10% per annum (2017: 1.65% per annum and 2016: 2.12% per annum).

Other gains (losses), net

Other gains (losses), net	12 Months Ended
	Dec. 31, 2018
Other gains (losses), net
Other gains (losses), net	9. Other gains (losses), net Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Net gain (loss) arising on financial instruments at FVPL Cross currency swap contracts — cash flow hedges 2,265 2,150 (14,989) Cross currency swap contracts 1,158 — — Foreign currency forward contracts (2,108) 2,109 — Financial products sold by banks 6,443 1,087 4,651 Equity securities 2,015 — — Other derivative financial instrument (1) — 1,544 2,721 9,773 6,890 (7,617) Others (2) 14,509 9,609 5,504 24,282 16,499 (2,113) (1) The derivative financial instrument was a put option with the right of Siltech Semiconductor (Shanghai) Corporation Limited (“SilTech Shanghai”, an indirectly wholly-owned subsidiary of the Company) to sell Suzhou Changjiang Electric Xinke Investment Co., Ltd. (“Changjiang Xinke”) to Jiangsu Changjiang Electronics Technology Co., Ltd. (“JCET”), pursuant to an investment exit agreement entered in December 2014 and exercised in June 2017. (2) In 2017, others included a gain of US$18.5 million arising from the disposal agreement and the subscription agreement (Note 19) entered by SilTech Shanghai and JCET on April 27, 2016, and a loss of potential cash compensation accrued at US $12.5 million that may be incurred depending on the profit of Changjiang Xinke during the three years of 2017, 2018 and 2019. The potential cash compensation was deemed as the terms of the supplemental agreement entered by SilTech Shanghai and JCET on December 9, 2016.

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2018
Income taxes
Income taxes	10. Income taxes Income tax expense (benefit) Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current tax — Land Appreciation Tax (172) 179 731 Current tax — Enterprise Income Tax 15,598 (469) 1,306 Deferred tax (950) 2,136 (8,589) 14,476 1,846 (6,552) The income tax expense (benefit) for the year can be reconciled to the accounting profit as follows: Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Profit before tax 91,687 128,269 309,882 Income tax expense calculated at 15% (2017: 15% and 2016: 15%) 13,753 19,240 46,482 Effect of tax holiday (69,581) (50,258) (41,484) Additional deduction for research and development expenditures (47,541) (25,260) (13,107) Tax losses for which no deferred tax assets were recognized (1) 127,686 70,341 39,777 Reversal (utilization) of previously unrecognized tax losses of temporary differences — 5,687 (43,440) Effect of different tax rates of subsidiaries operating in other jurisdictions (9,669) (18,082) 4,517 Others (172) 178 703 14,476 1,846 (6,552) (1) The tax losses were calculated from the profit or loss of some subsidiaries after adjusting the additional deduction for research and development expenditures and the effect of different tax rates and cannot be carried forward from prior years to offset future profits in five years. The tax rate used for the 2018, 2017 and 2016 reconciliation above is the corporate tax rate of 15% payable by most of the Group’s entities in Mainland China under tax law in that jurisdiction. Current tax liabilities 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Income tax payable 2,607 270 460 Deferred tax balances The following is the analysis of deferred tax assets (liabilities) presented in the consolidated statement of financial position: 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Deferred tax assets Property, plant and equipment 42,613 41,271 45,981 Intangible Assets 1,688 1,844 — Others 1,125 1,760 — 45,426 44,875 45,981 Deferred tax liabilities Property, plant and equipment (1,588) (16,412) (15,382) Others (51) — — (1,639) (16,412) (15,382) 43,787 28,463 30,599 Reclassified Recognize Opening Deconsolidation as in profit Closing balance of subsidiary held-for-sale or loss balance December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Net deferred tax assets in relation to Property, plant and equipment 24,859 — 14,437 1,729 41,025 Intangible assets 1,844 — — (156) 1,688 Others 1,760 (63) — (623) 1,074 28,463 (63) 14,437 950 43,787 Recognize Opening in profit Closing balance or loss balance December 31, 2017 USD’000 USD’000 USD’000 Net deferred tax assets in relation to Property, plant and equipment 30,599 (5,740) 24,859 Intangible assets — 1,844 1,844 Others — 1,760 1,760 30,599 (2,136) 28,463 Recognize Opening Business in profit Closing balance Combination or loss balance December 31, 2016 USD’000 USD’000 USD’000 USD’000 Net deferred tax assets in relation to Property, plant and equipment 37,233 (15,639) 9,005 30,599 Capitalized interest (3) — 3 — Others 419 — (419) — 37,649 (15,639) 8,589 30,599 The Company is incorporated in the Cayman Islands, where it is not currently subject to taxation. According to the law of Italy on enterprise income tax, LFoundry income tax (“IRES”) rate is 24%. The detailed tax status of SMIC’s principal PRC entities with tax holidays is elaborated as follows: 1) Pursuant to the relevant tax regulations, SMIS is qualified as an integrated circuit enterprise and enjoyed a 10-year tax holiday (five year full exemption followed by five year half reduction) beginning from 2004 after utilizing all prior years’ tax losses. The income tax rate for SMIS for was 15% in 2018. (2017: 15% and 2016: 15%). 2) In accordance with Circular No. 43 and Circular No. 1, SMIT is qualified as an integrated circuit enterprise and enjoying a 10-year tax holiday (five year full exemption followed by five year half reduction) beginning from 2013 after utilizing all prior years’ tax losses. The income tax rate for SMIT was 0% from 2013 to 2017 and 12.5% from 2018 to 2022. 3) In accordance with Circular No. 43 and Circular No. 1, SMIB is qualified as an integrated circuit enterprise and enjoying a 10-year tax holiday (five year full exemption followed by five year half reduction) beginning from 2015 after utilizing all prior years’ tax losses. The income tax rate for SMIB was 0% from 2015 to 2019 and 12.5% from 2020 to 2024. 4) Semiconductor Manufacturing International (Shenzhen) Corporation (“SMIC Shenzhen”), Semiconductor Manufacturing North China (Beijing) Corporation (“SMNC”) and SJ Semiconductor (Jiangyin) Corporation (“SJ Jiangyin”) In accordance with Circular No. 43, Circular No. 1 and Circular No. 27, SMIC Shenzhen, SMNC and SJ Jiangyin are entitled to the preferential tax rate of 15% and 10-yeartax holiday (five year full exemption followed by five year half reduction) subsequent to its first profit-making year after utilizing all prior tax losses on or before December 31, 2018. SMIC Shenzhen, SMNC and SJ Jiangyin were in accumulative loss positions as of December 31, 2017 and the tax holiday has not begun to take effect. 5) Other PRC entities All the other PRC entities of SMIC are subject to income tax rate of 25%. Unused tax losses At the end of the reporting period, no deferred tax asset was recognized in respect of tax losses of US$457.3 million (December 31, 2017: US$235.1 million and December 31, 2015: US$444.0 million) due to the unpredictability of future profit streams, of which US$20.5 million, US$33.0 million, US$90.1 million, US$62.0 million and US$251.7 million will expire in 2019, 2020, 2021, 2022 and 2023, respectively.

Profit for the year

Profit for the year	12 Months Ended
	Dec. 31, 2018
Profit for the year
Profit for the year	11. Profit for the year Profit for the year has been arrived at after charging (crediting): Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Impairment losses on assets Bad debt allowance on trade receivables (Note 38) 964 301 201 Reversal of bad debt allowance on doubtful trade receivables (Note 38) (27) (438) (1,603) Reversal of bad debt allowance on doubtful other receivables — — (8,809) Impairment losses on inventory (Note 23) 6,412 46,857 3,706 Impairment losses on tangible assets (Note 16) 990 — 7,529 Impairment losses on intangible assets (Note 17) 8,228 — — 16,567 46,720 1,024 Depreciation and amortization expense Depreciation of property, plant and equipment (Note 16) 994,642 906,034 673,161 Amortization of intangible assets (Note 17) 51,595 63,098 55,080 Amortization of land use right 2,173 2,250 1,625 1,048,410 971,382 729,866 Employee benefits expense Wages, salaries and social security contributions 550,060 499,238 378,709 Bonus 64,130 57,289 123,313 Non-monetary benefits 48,837 47,204 31,686 Equity-settled share-based payments (Note 37) 11,661 18,214 14,210 674,688 621,945 547,918 Royalties expense 30,678 37,466 37,023 Government funding For specific R&D projects (Note 34) (105,258) (82,245) (52,517) For specific intended use (Note 34) (51,695) (51,626) (21,181) (156,953) (133,871) (73,698) Auditors’ remuneration Audit services 1,372 1,413 1,529 Non-audit services 1,255 85 587 . 2,627 1,498 2,116

Directors' remuneration

Directors' remuneration	12 Months Ended
	Dec. 31, 2018
Directors' remuneration
Directors' remuneration	12. Directors’ remuneration Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Salaries, bonus and benefits 3,353 4,490 2,367 Equity-settled share-based payments 2,390 8,158 2,214 5,743 12,648 4,581 The equity-settled share-based payments granted to directors include both stock options and restricted share units (“RSUs”). During the year ended December 31, 2018, 712,500 options were granted to the directors (2017: 5,726,477 and 2016: 1,068,955*), 6,050,202 stock options were exercised (2017: 1,949,229 and 2016 1,800,000*) and 4,758,542 stock options were expired (2017: no and 2016: 732,820*) During the year ended December 31, 2018, 712,500 RSUs were granted to the directors to the directors (2017: 5,726,477 and 2016: 1,068,955*), 2,367,859 RSUs automatically vested (2017: 3,774,432 and 2016: 1,411,851*) and 188,125 RSUs were forfeited (2017: nil and 2016: nil). In 2018, 2017 and 2016, no emoluments were paid by the Group to any of the directors as an inducement to join or upon joining the Group or as compensation for loss of office. Except for the waiver of all salaries and wages since Lu Jun was appointed as non-executive director subject to his request in 2017 and all options previously granted to Ren Kai subject to his request in 2016, no other directors waived any emoluments in 2017, 2016 and 2015. * The number of share option and RSUs for 2016 have been adjusted to reflect the impact of the share consolidation, on the basis that every ten ordinary shares and preferred shares of US$0.0004 each consolidated into one ordinary share and preferred share of US$0.004 each, which was accounted for as a reverse stock split effective on December 7, 2016. In de pendent non-executive directors The fees paid or payable to independent non-executive directors of the Company during the year were as follows: Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2018 USD’000 USD’000 USD’000 William Tudor Brown 90 188 278 Chiang Shang-yi 65 100 165 Cong Jingsheng Jason 58 119 177 Lau Lawrence Juen-Yee 32 110 142 Fan Ren Da Anthony 34 110 144 Lip-Bu Tan* 51 269 320 Carmen I-Hua Chang* 39 14 53 369 910 1,279 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2017 USD’000 USD’000 USD’000 Lip-Bu Tan* 91 128 219 William Tudor Brown 89 8 97 Carmen I-Hua Chang* 70 40 110 Chiang Shang-yi 47 250 297 Cong Jingsheng Jason 35 217 252 332 643 975 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2016 USD’000 USD’000 USD’000 Lip-Bu Tan* 100 156 256 William Tudor Brown 85 24 109 Sean Maloney 72 23 95 Carmen I-Hua Chang* 68 78 146 Chiang Shang-yi — — — 325 281 606 There were no other emoluments payable to the independent non-executive directors during the year (2017: Nil and 2016: Nil.) Executive directors and non-executive director Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2018 USD’000 USD’000 USD’000 Executive directors: Zhou Zixue 695 129 824 Zhao Haijun** 714 824 1,538 Liang Mong Song** 478 — 478 Gao Yonggang 607 1 608 2,494 954 3,448 Non-executive director: Chen Shanzhi 70 269 339 Zhou Jie — — — Ren Kai 65 — 65 Lu Jun — — — Tong Guohua 63 119 182 Tzu-Yin Chiu*** 292 138 430 490 526 1,016 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2017 USD’000 USD’000 USD’000 Executive directors: Zhou Zixue 765 311 1,076 Zhao Haijun** 726 1,514 2,240 Liang Mong Song** 65 — 65 Gao Yonggang 634 24 658 2,190 1,849 4,039 Non-executive director: Tzu-Yin Chiu*** 1,783 5,321 7,104 Chen Shanzhi 75 128 203 Zhou Jie — — — Ren Kai 70 — 70 Lu Jun — — — Tong Guohua 40 217 257 Li Yonghua (Alternate to Chen Shanzhi) — — — 1,968 5,666 7,634 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2016 USD’000 USD’000 USD’000 Executive directors: Zhou Zixue 527 655 1,182 Tzu-Yin Chiu*** 920 1,038 1,958 Gao Yonggang 413 82 495 1,860 1,775 3,635 Non-executive director: Chen Shanzhi 80 136 216 Zhou Jie — — — Ren Kai 63 22 85 Lu Jun 39 — 39 Li Yonghua (Alternate to Chen Shanzhi) — — — 182 158 340 * Lip-Bu Tan and Carmen I-Hua Chang did not offer themselves for re-election to independent non-executive directors and their term as independent non-executive directors expired on June 22, 2018. ** Zhao HaiJun and Liang Mong Song are also the Co-Chief Executive Officers of the Company. *** Tzu-Yin Chiu resigned as Chief Executive Officer on May 10, 2017 and remains as non-executive director. There was no other arrangement under which a director waived or agreed to waive any remuneration in 2018.

Five highest paid employees

Five highest paid employees	12 Months Ended
	Dec. 31, 2018
Five highest paid employees
Five highest paid employees	13. Five highest paid employees The five highest paid individuals during the year included three (2017: three and 2016: two) directors, details of whose remuneration are set out in Note 12 above. Details of the remuneration of the remaining two (2017: two and 2016: three) non-directors, highest paid individuals for the year are as follows: Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Salaries and benefits 954 630 692 Bonus 325 746 611 Equity-settled share-based payment — 338 412 1,279 1,714 1,715 The bonus is determined on the basis of the basic salary and the performance of the Group and the individual. In 2018, 2017 and 2016, no emoluments were paid by the Group to any of the five highest paid individuals as an inducement to join or upon joining the Group or as compensation for loss of office. The number of non-director, highest paid individuals whose remuneration fell within the following bands is as follows: Number of employees HK$4,000,001 (US$510,761) to HK$4,500,000 (US$574,605) — — 2 HK$4,500,001 (US$574,606) to HK$5,000,000 (US$630,450) 1 — — HK$5,000,001 (US$630,451) to HK$5,500,000 (US$702,295) 1 — 1 HK$6,500,001 (US$829,986) to HK$7,000,000 (US$893,830) — 2 — 2 2 3

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2018
Earnings per share
Earnings per share	14. Earnings per share Basic earnings per share The earnings and weighted average number of ordinary shares used in the calculation of basic earnings per share are as follows: Year ended Year ended Year ended * 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Profit for the year attributable to owners of the Company 134,055 179,679 376,630 Distribution to perpetual subordinated convertible securities holders (6,300) — — Earnings used in the calculation of basic earnings per share 127,755 179,679 376,630 Weighted average number of ordinary shares for the purposes of basic earnings per share 4,976,275,431 4,628,850,686 4,221,765,945 Basic earnings per share $0.03 $0.04 $0.09 * Diluted earnings per share The earnings used in the calculation of diluted earnings per share are as follows: Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Earnings used in the calculation of basic earnings per share 127,755 179,679 376,630 Interest expense from convertible bonds — 905 16,352 Earnings used in the calculation of diluted earnings per share 127,755 180,584 392,982 Weighted average number of ordinary shares used in the calculation of basic earnings per share 4,976,275,431 4,628,850,686 4,221,765,945 Employee option and restricted share units 36,411,011 44,496,788 36,240,710 Convertible bonds — 38,241,356 575,099,614 Perpetual subordinated convertible securities — 1,848,513 — Weighted average number of ordinary shares used in the calculation of diluted earnings per share 5,012,686,442 4,713,437,343 4,833,106,269 Diluted earnings per share $0.03 $0.04 $0.08 During the year ended December 31, 2018, the Group had 14,115,014 weighted average outstanding employee stock options (2017: 5,214,138 and 2016: 19,757,421*) excluded from the computation of diluted earnings per share due to the exercise price higher than the average market price of the ordinary shares, 371,589,975 potential shares upon the conversion of convertible bonds (2017: 377,137,509 and 2016: nil) and 163,815,024 potential shares upon the conversion of perpetual subordinated convertible securities (2017: nil and 2016: nil) excluded from the computation of diluted earnings per share due to anti-dilutive effect. *

Dividend

Dividend	12 Months Ended
	Dec. 31, 2018
Dividend
Dividend	15. Dividend The Board did not recommend the payment of any dividend for the year ended December 31, 2018 (December 31, 2017: Nil and December 31, 2016: Nil).

Property, plant and equipment

Property, plant and equipment	12 Months Ended
	Dec. 31, 2018
Property, plant and equipment
Property, plant and equipment	16. Property, plant and equipment Construction Plant and Office in progress Land Buildings equipment equipment (CIP) Total USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Cost Balance at December 31, 2015 — 588,820 9,404,456 134,858 1,206,831 11,334,965 Business combination 2,485 42,612 63,519 290 4,213 113,119 Transfer from (out) CIP — 93,535 2,338,662 34,546 (2,466,743) — Addition — — — — 2,597,970 2,597,970 Disposals — — (283,420) (2,136) (9,257) (294,813) Balance at December 31, 2016 2,485 724,967 11,523,217 167,558 1,333,014 13,751,241 Transfer from (out) CIP — 174,143 1,696,092 31,355 (1,901,590) — Addition — — — — 2,425,697 2,425,697 Disposals — (28,543) (767,210) (3,588) (5,518) (804,859) Balance at December 31, 2017 2,485 870,567 12,452,099 195,325 1,851,603 15,372,079 Transfer from (out) CIP — 44,127 1,142,788 32,997 (1,219,912) — Addition — — — — 1,757,031 1,757,031 Disposals — (1,089) (593,647) (2,528) (27,862) (625,126) Deconsolidation of subsidiary due to loss of control — — (375) — (8,275) (8,650) Reclassified as held-for-sale (Note 25) (2,485) (43,182) (98,253) (8,550) (13,790) (166,260) Exchange differences — — (19,615) (322) (2,723) (22,660) Balance at December 31, 2018 — 870,423 12,882,997 216,922 2,336,072 16,306,414 Construction Plant and Office in progress Land Buildings equipment equipment (CIP) Total USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Accumulated depreciation and impairment Balance at December 31, 2015 — 135,538 7,157,258 111,457 26,894 7,431,147 Disposal — (289) (33,917) (2,136) (11,611) (47,953) Depreciation expense — 18,133 639,986 15,042 — 673,161 Impairment loss — — — — 7,529 7,529 Balance at December 31, 2016 — 153,382 7,763,327 124,363 22,812 8,063,884 Disposal — (5,819) (108,370) (1,822) (5,231) (121,242) Depreciation expense — 41,243 839,351 25,440 — 906,034 Balance at December 31, 2017 — 188,806 8,494,308 147,981 17,581 8,848,676 Disposal — (924) (266,143) (2,459) (7,011) (276,537) Depreciation expense — 37,031 928,978 28,633 — 994,642 Impairment loss — — 990 — — 990 Deconsolidation of subsidiary due to loss of control — — (78) — — (78) Reclassified as held-for-sale (Note 25) — (4,206) (28,017) (4,514) — (36,737) Exchange differences — — (2,431) (81) — (2,512) Balance at December 31, 2018 — 220,707 9,127,607 169,560 10,570 9,528,444 Construction Plant and Office in progress Land Buildings equipment equipment (CIP) Total USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Balance at December 31, 2016 2,485 571,585 3,759,890 43,195 1,310,202 5,687,357 Balance at December 31, 2017 2,485 681,761 3,957,791 47,344 1,834,022 6,523,403 Balance at December 31, 2018 — 649,716 3,755,390 47,362 2,325,502 6,777,970 Construction in progress The construction in progress balance of approximately US$2,325.5 million as of December 31, 2018, primarily consisted of US$543.3 million used for the machinery and equipment of the two 300mm fabs in Beijing; US$434.9 million, US$563.2 million and US$480.1 million used for the facilities construction, machinery and equipment of the fabs in Shanghai, the fabs in Shenzhen and the 200mm fab in Tianjin, respectively; US$251.9 million used for purchasing machinery and equipment acquired for more research and development activities; in addition, US$52.1 million was related to various ongoing capital expenditures projects of other SMIC subsidiaries, which are expected to be completed by the end of 2019. Impairment losses recognized in the year In 2018, the Group recorded US$1.0 million (2017: nil and 2016: US$7.5 million) impairment loss of equipment. The whole amount of impairment loss in 2018 and 2016 was recognized as other operating expense in profit or loss. Assets pledged as security Property, plant and equipment with carrying amount of approximately US$207.2 million (2017: approximately US$362.3 million and 2016: approximately US$631.4 million) have been pledged to secure borrowings of the Group under mortgages (Note 30). The Group is not allowed to pledge these assets as security for other borrowings or to sell them to other entities. Capitalized interest Interest, after netting off government funding received, incurred on borrowed funds used to construct plant and equipment during the active construction period is capitalized. The interest capitalized is determined by applying the borrowing interest rate to the average amount of accumulated capital expenditures for the assets under construction during the period. Capitalized interest is added to the cost of the underlying assets and is amortized over the useful life of the assets. Capitalized interest of US$47.2 million in 2018 (2017: US$31.1 million and 2016: US$28.0 million) was added to the cost of the underlying assets and was amortized over the respective useful life of the assets. In 2018, the Group recorded depreciation expenses relating to the capitalized interest of US$27.5 million (2017: US$22.7 million and 2016: US$19.4 million).

Intangible assets

Intangible assets	12 Months Ended
	Dec. 31, 2018
Intangible assets
Intangible assets	17. Intangible assets Other intangible Goodwill assets Total USD’000 USD’000 USD’000 Cost Balance at December 31, 2015 — 391,177 391,177 Business combination 3,933 8,088 12,021 Additions — 67,936 67,936 Expired and disposal — (21,164) (21,164) Balance at December 31, 2016 3,933 446,037 449,970 Additions — 34,461 34,461 Balance at December 31, 2017 3,933 480,498 484,431 Additions — 8,749 8,749 Deconsolidation of subsidiary due to loss of control — (40,509) (40,509) Reclassified as held-for-sale (3,933) (8,340) (12,273) Exchange differences — (2,790) (2,790) Balance at December 31, 2018 — 437,608 437,608 Accumulated amortization and impairment Balance at December 31, 2015 — 166,898 166,898 Amortization expense for the year — 55,080 55,080 Expired and disposal — (20,589) (20,589) Balance at December 31, 2016 — 201,389 201,389 Amortization expense for the year — 63,098 63,098 Balance at December 31, 2017 — 264,487 264,487 Amortization expense for the year (1) — 51,595 51,595 Impairment loss (2) — 8,228 8,228 Deconsolidation of subsidiary due to loss of control — (4,748) (4,748) Reclassified as held-for-sale — (4,061) (4,061) Exchange differences — (747) (747) Balance at December 31, 2018 — 314,754 314,754 Balance at December 31, 2016 3,933 244,648 248,581 Balance at December 31, 2017 3,933 216,011 219,944 Balance at December 31, 2018 — 122,854 122,854 (1) Amortization expenses are mainly included in cost of sales (US$31.0 million, 2017: US$36.8 million and 2016: US$37.8 million) and research and development expenses, net (US$18.8 million, 2017: US$20.5 million and 2016: US$17.2 million). (2) In 2018, the Group recorded US$8.2 million (2017: nil and 2016: nil) impairment loss of other intangible assets due to the recoverable amount of a batch of intellectual property was estimated to be less than its carrying amount. The whole amount of impairment loss in 2018 was recognized as other operating expense in profit or loss.

Subsidiaries

Subsidiaries	12 Months Ended
	Dec. 31, 2018
Subsidiaries
Subsidiaries	18. Subsidiaries Details of the Company’s subsidiaries at the end of the reporting period are as follows: Proportion of Place of Proportion of voting power establishment Class of Paid up ownership interest held by the Name of company and operation shares held registered capital held by the Company Company Principal activities Better Way Enterprises Limited (“Better Way”)# Samoa Ordinary USD 1,000,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Shanghai) Corporation (“SMIS” or “SMIC Shanghai”)# People’s Republic of China -the “PRC” Ordinary USD 1,770,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SMIC, Americas United States of America Ordinary USD 500,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Beijing) Corporation (“SMIB” or “SMIC Beijing”)# PRC Ordinary USD 1,000,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SMIC Japan Japan Ordinary JPY 10,000,000 Directly 100 % 100 % Provision of marketing related activities SMIC Europe S.R.L Italy Ordinary EUR 100,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Solar Cell) Corporation Cayman Islands Ordinary USD 11,000 Directly 100 % 100 % Investment holding SMIC Investment (Shanghai) Corporation (formerly “SMIC Commercial (Shanghai) Limited Company”) PRC Ordinary USD 465,800,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Tianjin) Corporation (“SMIT” or “SMIC Tianjin”)# PRC Ordinary USD 770,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SMIC Development (Chengdu) Corporation (“SMICD”)# PRC Ordinary USD 5,000,000 Directly 100 % 100 % Construction, operation, and management of SMICD’s living quarters, schools, and supermarket Semiconductor Manufacturing International (BVI) Corporation (“SMIC (BVI)”)# British Virgin Islands Ordinary USD 10 Directly 100 % 100 % Provision of marketing related activities Admiral Investment Holdings Limited British Virgin Islands Ordinary USD 10 Directly 100 % 100 % Investment holding SMIC Shanghai (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SMIC Beijing (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SMIC Tianjin (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SilTech Semiconductor Corporation Cayman Islands Ordinary USD 10,000 Directly 100 % 100 % Investment holding SMIC Shenzhen (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SMIC New Technology Research & Development (Shanghai) Corporation (formerly “SMIC Advanced Technology Research & Development (Shanghai) Corporation”) PRC Ordinary USD 400,000,000 Indirectly 97.450 % 97.450 % Research and development activities SMIC Holdings Corporation PRC Ordinary USD 50,000,000 Directly 100 % 100 % investment holding SJ Semiconductor Corporation Cayman Islands Ordinary and preferred USD 5,668 Directly 56.045 % 56.045 % Investment holding Magnificent Tower Limited British Virgin Islands Ordinary USD 50,000 Indirectly 100 % 100 % investment holding SMIC Hong Kong International Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % investment holding SMIC Beijing (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SMIC Tianjin (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SMIC Solar Cell (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SMIC Shenzhen (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SilTech Semiconductor (Hong Kong) Corporation Limited Hong Kong Ordinary HKD 1,000 Indirectly 100 % 100 % Investment holding Semiconductor Manufacturing International (Shenzhen) Corporation(“SMIZ” or “SMIC Shenzhen”)# PRC Ordinary USD 700,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SilTech Semiconductor (Shanghai) Corporation Limited (“SilTech Shanghai”)# PRC Ordinary USD 12,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products Semiconductor Manufacturing North China (Beijing) Corporation (“SMNC”)# (2) PRC Ordinary USD 3,900,000,000 Indirectly 51 % 51 % Manufacturing and trading of semiconductor products China IC Capital Co., Ltd PRC Ordinary RMB 1,342,500,000 Indirectly 100 % 100 % Investment holding China IC Capital (Ningbo) Co., Ltd PRC Ordinary RMB 199,500,000 Indirectly 100 % 100 % Investment holding Shanghai Hexin Investment Management Limited Partnership PRC Ordinary RMB 50,000,000 Indirectly 99 % 99 % Investment holding SJ Semiconductor (HK) Limited Hong Kong Ordinary HKD 1,000 Indirectly 56.045 % 56.045 % Investment holding SJ Semiconductor (Jiangyin) Corporation (“SJ Jiangyin”)# PRC Ordinary USD 259,500,000 Indirectly 56.045 % 56.045 % Bumping and circuit probe testing activities LFoundry S.r.l. (“LFoundry”)# (3) Italy Ordinary EUR 2,000,000 Indirectly 70 % 70 % Manufacturing and trading of semiconductor products Semiconductor Manufacturing South China Corporation (“SMSC”)# (1) PRC Ordinary USD 2,152,475,706 Indirectly 51.320 % 51.320 % Manufacturing and trading of semiconductor products SJ Semiconductor USA Co. United States of America Ordinary USD 500,000 Indirectly 56.045 % 56.045 % Provision of marketing related activities SMIC (Sofia) EOOD Bulgaria Ordinary BGN 1,800,000 Indirectly 100 % 100 % Designing activities SMIC Innovation Design Center (Ningbo) Co., Ltd. PRC Ordinary — Indirectly 100 % 100 % Designing activities North China IC Innovation Center (Beijing) Co., Ltd PRC Ordinary RMB 1,000,000 Indirectly 51 % 51 % Designing activities # (1) On January 30, 2018, SMIC Holdings Corporation (“SMIC Holdings”), SMIC Shanghai, China Integrated Circuit Industry Investment Fund Co., Ltd (“China IC Fund”) and Shanghai Integrated Circuit Industry Investment Fund Co., Ltd (“Shanghai IC Fund”) entered into the joint venture agreement and the capital contribution agreement pursuant to which SMIC Holdings, China IC Fund and Shanghai IC Fund agreed to make cash contribution to the registered capital of SMSC in the amount of US$1.5435 billion, US$946.5 million and US$800.0 million, respectively. As a result of the capital contribution: (i) the registered capital of SMSC will increase from US$210.0 million to US$3.5 billion; (ii) the Company’s equity interest in SMSC, through SMIC Holdings and SMIC Shanghai, will decrease from 100% to 50.1%; and (iii) SMSC will be owned as to 27.04% and 22.86% by China IC Fund and Shanghai IC Fund, respectively. The capital contribution is not completed as of the date of this annual report. (2) On August 10, 2017, the Company, SMIC Beijing, SMIC Holdings, China Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Semiconductor Manufacturing and Equipment Equity Investment Centre (Limited Partnership), Beijing Industrial Development Investment Management Co., Ltd., Zhongguancun Development Group and Beijing E-Town International Investment & Development Co., Ltd. agreed to amend the previous joint venture agreement through the amended joint venture agreement, pursuant to which: (i) the Company, SMIC Beijing and SMIC Holdings have agreed to make further cash contribution of US$1,224 million into the registered capital of SMNC. The Company’s aggregate shareholding in SMNC will remain at 51%; (ii) China IC Fund has agreed to make further cash contribution of US$900.0 million into the registered capital of the Joint Venture Company. Its shareholding in the Joint Venture Company will increase from 26.5% to 32%; and (iii) E-Town Capital has agreed to make cash contribution of US$276 million into the registered capital of the Joint Venture Company representing 5.75% of the enlarged registered capital of the Joint Venture Company. The capital contribution is expected to be completed before the end of 2019. (3) On June 24, 2016, the Company, LFoundry Europe GmbH (“LFoundry Europe”) and Marsica Innovation S.p.A (“Marsica”) entered into a sale and purchase agreement pursuant to which LFoundry Europe and Marsica agreed to sell and the Company agreed to purchase 70% of the corporate capital of LFoundry for an aggregate cash consideration of EUR49.0 million (approximately US$54.4 million), including a goodwill amounted to US$3.9 million. The goodwill attributable to the workforce and the high profitability of the acquired business will not be deductible for tax purposes. The acquisition was completed on July 29, 2016. Details of non-wholly owned subsidiaries that have material non-controlling interests (“NCI”) The table below shows details of a non-wholly owned subsidiary of the Company that have material non-controlling interests: Place of Proportion of ownership interests establishment and voting rights held by Profit (loss) allocated to non- Accumulated non-controlling Name of company and operation non-controlling interests controlling interests interests 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 SMNC and its subsidiaries Beijing, PRC 49.0 % 49.0 % 49.0 % (39,213) (39,113) (55,868) 1,726,377 1,324,590 1,069,703 SMSC Shanghai, PRC 48.7 % — — (5,349) — — 1,042,551 — — SJ Semiconductor Corporation Cayman Islands 44.0 % 44.0 % 44.0 % (2,493) (4,896) (3,545) 122,505 124,180 135,669 (47,055) (44,009) (59,413) 2,891,433 1,448,770 1,205,372 According to the joint venture agreements entered into by the Group and the NCI of SMNC, additional capital injection into SMNC was completed in 2018, 2017 and 2016. The additional capital injection from NCI amounted to US$441.0 million in 2018, US$294.0 million in 2017 and US$754.1 million in 2016 respectively. According to the joint venture agreements entered into by the Company and the NCI of SMSC, additional capital injection into SMSC was completed in 2018. The additional capital injection from NCI amounted to US$1,047.9 million in 2018. According to the joint venture agreements entered into by the Company and the NCI of SJ Semiconductor Corporation, additional capital injection into SJ Semiconductor Corporation was completed in 2016. The additional capital injection from NCI amounted to US$60.0 million in 2016. SMNC shared part of the Group’s advanced technology R&D expenses in 2017 and 2016, which also caused the change in loss of year attributable to non-controlling interests. Summarized financial information in respect of the Company’s subsidiaries that have material non- controlling interests are set out below. The summarized financial information below represents amounts before intragroup eliminations. SMNC 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 2,582,534 1,559,016 1,103,214 Non-current assets 1,918,935 2,046,290 1,807,207 Current liabilities (629,152) (596,500) (409,898) Non-current liabilities (358,793) (315,718) (327,995) Net assets 3,513,524 2,693,088 2,172,528 Equity attributable to owners of the Company 1,787,147 1,368,498 1,102,825 Non-controlling interests 1,726,377 1,324,590 1,069,703 Net assets 3,513,524 2,693,088 2,172,528 Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Revenue 597,257 471,174 243,715 Expense (709,627) (574,386) (339,910) Other income (expense) 32,345 23,389 (19,480) Loss for the year (80,025) (79,823) (115,675) Loss attributable to owners of the Company (40,812) (40,710) (59,807) Loss attributable to the non-controlling interests (39,213) (39,113) (55,868) Loss for the year (80,025) (79,823) (115,675) Total comprehensive loss attributable to owners of the Company (40,812) (40,710) (59,807) Total comprehensive loss attributable to the non-controlling interests (39,213) (39,113) (55,868) Total comprehensive loss for the year (80,025) (79,823) (115,675) Dividends paid to non-controlling interests — — — Net cash inflow (outflow) from operating activities 101,384 188,115 (13,082) Net cash outflow from investing activities (936,942) (820,606) (1,627,788) Net cash inflow from financing activities 890,109 590,091 1,655,011 Net cash inflow (outflow) 54,551 (42,400) 14,141 SMSC 12/31/18 USD’000 Current assets 2,031,682 Non-current assets 166,037 Current liabilities (58,254) Net assets 2,139,465 Equity attributable to owners of the associate 1,096,914 Non-controlling interests 1,042,551 Net assets 2,139,465 Year ended 12/31/18 USD’000 Revenue — Expense (19,625) Other income 4,336 Loss for the year (15,289) Loss attributable to owners of the Company (9,940) Loss attributable to the non-controlling interests (5,349) Loss for the year (15,289) Total comprehensive loss attributable to owners of the Company (9,940) Total comprehensive loss attributable to the non- controlling interests (5,349) Total comprehensive loss for the year (15,289) Dividends paid to non-controlling interests — Net cash outflow from operating activities (10,775) Net cash outflow from investing activities (1,937,066) Net cash inflow from financing activities 1,951,830 Net cash inflow 3,989 SJ Semiconductor Corporation and its subsidiaries 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 141,016 205,957 224,737 Non-current assets 180,061 131,041 102,790 Current liabilities (38,280) (46,608) (11,656) Non-current liabilities (4,257) (7,002) (5,421) Net assets 278,540 283,388 310,450 Equity attributable to owners of the Company 156,035 159,208 174,781 Non-controlling interests 122,505 124,180 135,669 Net assets 278,540 283,388 310,450 Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Revenue 51,042 21,862 12,782 Expense (68,011) (39,504) (27,300) Other income 11,303 6,505 6,564 Loss for the year (5,666) (11,137) (7,954) Loss attributable to owners of the Company (3,173) (6,241) (4,409) Loss attributable to the non-controlling interests (2,493) (4,896) (3,545) Loss for the year (5,666) (11,137) (7,954) Total comprehensive loss attributable to owners of the Company (3,173) (6,241) (4,409) Total comprehensive loss attributable to the non- controlling interests (2,493) (4,896) (3,545) Total comprehensive loss for the year (5,666) (11,137) (7,954) Dividends paid to non-controlling interests — — — Net cash inflow (outflow) from operating activities 14,429 6,115 (1,194) Net cash inflow (outflow) from investing activities 1,144 (65,993) (147,752) Net cash inflow (outflow) from financing activities 69 (1,983) 109,291 Net cash inflow (outflow) 15,642 (61,861) (39,655)

Investments in associates

Investments in associates	12 Months Ended
	Dec. 31, 2018
Investments in associates
Investments in associates	19. Investments in associates The details of the Company’s associates, which are all unlisted companies except for JCET listed on the Shanghai Stock Exchange, at the end of the reporting period are as follows: Class of Proportion of ownership interest Place of establishment share and voting power held Name of company and operation held by the Group 12/31/18 12/31/17 12/31/16 Toppan SMIC Electronic (Shanghai) Co., Ltd (“Toppan”) Shanghai, PRC Ordinary 30.0 % 30.0 % 30.0 % Zhongxin Xiecheng Investment (Beijing) Co., Ltd (“Zhongxin Xiecheng”) Beijing, PRC Ordinary 49.0 % 49.0 % 49.0 % Brite Semiconductor (Shanghai) Corporation (“Brite Shanghai”) (3) Shanghai, PRC Ordinary 46.6 % 46.6 % 47.3 % Suzhou Changjiang Electric Xinke Investment Co., Ltd. (“Changjiang Xinke”) Jiangsu, PRC Ordinary — — 19.6 % Jiangsu Changjiang Electronics Technology Co., Ltd. (“JCET”) (5) Jiangsu, PRC Ordinary 14.3 % (1) 14.3 % (1) NA Sino IC Leasing Co., Ltd. (“Sino IC Leasing”) Shanghai, PRC Ordinary 7.4 % (1) 8.1 % (1) 11.4 % (1) China Fortune-Tech Capital Co., Ltd (“China Fortune-Tech”) Shanghai, PRC Ordinary 19.5 % (1) 30.0 % 30.0 % Beijing Wu Jin Venture Investment Center (Limited Partnership) (“WuJin”) (2) Beijing, PRC Limited partner interest 32.6 % 32.6 % 32.6 % Shanghai Fortune-Tech Qitai Invest Center (Limited Partnership) (“Fortune-Tech Qitai”) (2) Shanghai, PRC Limited partner interest 33.0 % 33.0 % 33.0 % Shanghai Fortune-Tech Zaixing Invest Center (Limited Partnership) (“Fortune-Tech Zaixing”) (2) Shanghai, PRC Limited partner interest 66.2 % (1) 66.2 % (1) 66.2 % (1) Suzhou Fortune-Tech Oriental Invest Fund Center (Limited Partnership) (“Fortune-Tech Oriental”) (2) Jiangsu, PRC Limited partner interest 44.8 % 44.8 % 44.8 % Juyuan Juxin Integrated Circuit Fund (“Juyuan Juxin”) (2) Shanghai, PRC Limited partner interest 31.6 % 31.6 % 40.9 % Ningbo Semiconductor International Corporation (“NSI”) (4) Ningbo, PRC Ordinary 38.6 % NA NA Semiconductor Manufacturing Electronics (Shaoxing) Corporation (“SMEC”) Shaoxing, PRC Ordinary 23.5 % NA NA Semiconductor Global Solutions (“SGS”) Ningbo, PRC Ordinary 35.0 % NA NA Shanghai IC Manufacturing Innovation Center Co., Ltd (“Shanghai Innovation Center”) Shanghai, PRC Ordinary 50.0 % (1) NA NA (1) In accordance with investment agreements, the Group has significant influence, but not control, over JCET, Sino IC Leasing, China Fortune-Tech, Fortune-Tech Zaixing and Shanghai Innovation Center through the right the Group owned to appoint director(s) to the Board of directors of these companies or to cast voters at the partners meeting of the partnership entity. (2) The Group invested in these associates indirectly though China IC Capital Co., Ltd (the “Fund”), a wholly-owned investment fund company of SMIC, as set out in Note 1 8 . The Fund is intended to invest primarily in integrated circuits related fund products and investment projects. (3) Since September 30, 2017, the Group invested Brite Shanghai directly with no more investment in Brite Semiconductor Corporation, the holding company of Brite Shanghai. (4) On March 22, 2018, NSI, SMIC Holdings and China IC Fund entered into the equity transfer agreement, pursuant to which SMIC Holdings has agreed to sell the equity Interest to China IC Fund. Upon the completion of the equity transfer, the shareholding of SMIC Holdings in NSI will decrease from approximately 66.76% to 38.59%, and NSI will cease to be a subsidiary of the Company and its financial results will cease to be consolidated with the Group’s results. The equity transfer has been completed in April 2018 and the Group recorded its ownership interest of NSI as investment in associate. On March 23, 2018, NSI, SMIC Holdings, China IC Fund, Ningbo Senson Electronics Technology Co., Ltd, Beijing Integrated Circuit Design and Testing Fund, Ningbo Integrated Circuit Industry Fund and Infotech National Emerging Fund entered into the capital increase agreement, pursuant to which (i) SMIC Holdings has agreed to make further cash contribution of RMB565.0 million (approximately US$89.4 million) into the registered capital of NSI. Its shareholding in NSI will decrease from approximately 38.59% to approximately 38.57%; (ii) China IC Fund has agreed to make further cash contribution of RMB500.0 million (approximately US$79.2 million) into the registered capital of NSI. Its shareholding in NSI will increase from approximately 28.17% to approximately 32.97%. The all above parties’ performance of the Capital Contribution obligations will lead to an increase in the registered capital from RMB355 million to RMB1.82 billion (approximately US$56.2 million to US$288.1 million). On April 13, 2018, the Group lost control of NSI, but still has significant influence over it. The Group recorded its ownership interest of NSI as investment in associate. The remeasurement gain at the date of deconsolidation of NSI was US$3.5 million. The deconsolidation has no material impact on the consolidated financial statements. (5) On August 30, 2018, the Company has, through its wholly-owned subsidiary Siltech Semiconductor (Shanghai) Corporation Limited, completed a subscription for 34,696,198 shares in JCET in cash by way of private placement (the “Subscription”). The shares were subscribed at a price of RMB14.89 per share, with the total subscription price being RMB516.6 million (approximately US$75.9 million). Immediately before and after completion of the Subscription, the shareholding interest of the Company in JCET is 14.28%. The Company understands that JCET has completed the issue and registration procedures of these shares, including listing of the shares on the Shanghai Stock Exchange. The newly subscribed shares will not be transferrable by the Company for 36 months after completion of the Subscription. (6) On August 10, 2018, SMIC Holdings, Sino IC Leasing and other investors had agreed to amend the joint venture agreement dated March 1, 2018 through the Amended JV Agreements, pursuant to which: (i) SMIC Holdings will not make additional capital contribution, but Sino IC Leasing and other investors will make additional capital contributions in the registered capital of SGS in US$5.0 million and US$5.0 million, respectively (ii) the Company’s equity interest in SGS, through SMIC Holdings, will decrease from 60.00% to 30.00%; and (iii) SGS will be owned by China IC Fund, through Sino IC Leasing, as to approximately 8.08%. The capital contribution is not completed as of the date of this annual report. Subject to the amended joint venture agreement, revised on July 20, 2017, the Company agreed to increase its capital contribution obligation towards Sino IC Leasing from RMB600.0 million to RMB800.0 million (from approximately US$88.3 million to US$117.8 million), while its shareholding in Sino IC Leasing decreased to approximately 7.44%. All of these associates are accounted for using the equity method in these consolidated financial statements. JCET and its subsidiaries The group applies the equity method accounted for its investments in JCET on one quarter lag basis since the annual financial report of JCET were not available as of December 31, 2018. 09/30/18 09/30/17 USD’000 USD’000 Current assets 1,803,128 1,401,575 Non-current assets 3,456,513 3,305,615 Current liabilities (2,214,747) (1,639,114) Non-current liabilities (1,081,027) (1,661,532) Net assets 1,963,867 1,406,544 Equity attributable to owners of the associate 1,942,894 1,385,372 Non-controlling interests 20,973 21,172 Net assets 1,963,867 1,406,544 Twelve months Three months ended ended 09/30/18 09/30/17 USD’000 USD’000 Total revenue 3,645,925 958,087 Profit attributable to owners of the associate 28,439 11,480 Profit attributable to the non-controlling interests 3,252 628 Profit for the period 31,691 12,108 Other comprehensive income (loss) for the period 47,529 (19,986) Total comprehensive income (loss) for the period 79,220 (7,878) Total comprehensive income (loss) attributable to owners of the associate 76,299 (8,496) Total comprehensive income attributable to the non-controlling interests 2,921 618 Total comprehensive income (loss) for the period 79,220 (7,878) Dividends received from the associate during the period 761 - Reconciliation of the above summarized financial information to the carrying amount of the interest in the associate recognized in the consolidated financial statements: 09/30/18 09/30/17 USD’000 USD’000 Equity attributable to owners of the associate 1,942,894 1,385,372 Proportion of the Group’s ownership interest in JCET 14.3 % 14.3 % 277,446 197,832 Valuation premium 338,967 340,561 Carrying amount of the Group’s interest in JCET 616,413 538,393 As at December 31, 2018 the closing share price of JCET listed on the Shanghai Stock Exchange was RMB8.24, approximately US$1.20. Sino IC Leasing and its subsidiaries The Group applies the equity method accounted for its investment in Sino IC Leasing on one quarter lag by basis since the annual financial statements of Sino IC Leasing were not available as of December 31, 2018. 09/30/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 2,423,414 1,038,538 702,570 Non-current assets 4,056,971 3,464,412 1,859,267 Current liabilities (1,441,959) (523,228) (117,287) Non-current liabilities (3,241,264) (2,509,732) (1,653,206) Net assets 1,797,162 1,469,990 791,344 Equity attributable to owners of the associate 1,682,794 1,366,367 776,959 Non-controlling interests 114,368 103,623 14,385 Net assets 1,797,162 1,469,990 791,344 Nine months Twelve months Twelve months ended ended ended 09/30/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Total revenue 214,515 215,538 36,085 Profit attributable to owners of the associate 48,505 39,003 12,938 Profit attributable to the non-controlling interests 1,610 460 48 Profit for the period 50,115 39,463 12,986 Other comprehensive income (loss) for the period 16,253 (10,206) 3,594 Total comprehensive income for the period 66,368 29,257 16,580 Total comprehensive income attributable to owners of the associate 64,758 28,797 16,532 Total comprehensive income attributable to the non-controlling interests 1,610 460 48 Total comprehensive income the period 66,368 29,257 16,580 Dividends received from the associate during the period — 255 — Reconciliation of the above summarized financial information to the carrying amount of the interest in the associate recognized in the consolidated financial statements: 09/30/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Equity attributable to owners of the associate 1,682,794 1,366,367 776,959 Proportion of the Group’s ownership interest in Sino IC Leasing 7.4 % 8.1 % 11.4 % 125,156 110,162 88,651 Dividends received in advance (316) — — Less: unrealized profit from Sino IC Leasing (580) — — Carrying amount of the Group’s interest in Sino IC Leasing 124,260 110,162 88,651 NSI 12/31/18 USD’000 Current assets 137,120 Non-current assets 146,664 Current liabilities (18,291) Net assets 265,493 Nine months ended 12/31/18 USD’000 Total revenue 4,186 Profit for the period 3,131 Total comprehensive income for the period 3,131 Dividends received from the associate during the period — Reconciliation of the above summarized financial information to the carrying amount of the interest in the associate recognized in the consolidated financial statements: 12/31/18 USD’000 Net assets of the associate 265,493 Proportion of the Group’s ownership interest in NSI 38.6 % 102,405 Valuation premium 1,509 Less: unrealized profit from NSI (816) Carrying amount of the Group’s interest in NSI 103,098

Investments in joint ventures

Investments in joint ventures	12 Months Ended
	Dec. 31, 2018
Investments in joint ventures
Investments in joint ventures	20. Investments in joint ventures Details of the Group’s joint ventures, which are all unlisted companies invested indirectly through China IC Capital (Ningbo) Co., Ltd, at the end of the reporting period are as follows: Class Proportion of ownership interest Place of establishment of share and voting power held Name of company and operation held by the Group 12/31/18 12/31/17 12/31/16 Shanghai Xinxin Investment Centre (Limited Partnership) (“Shanghai Xinxin”) Shanghai, PRC Limited partner interest 49.0 % 49.0 % 49.0 % Shanghai Chengxin Investment Center (Limited Partnership) (“Shanghai Chengxin”) Shanghai, PRC Limited partner interest 31.5 % 31.5 % 42.0 % Summarized financial information in respect of the Group’s material joint venture is set out below. Shanghai Xinxin 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 3,956 1,453 10,679 Non-current assets 16,462 53,782 13,283 Current liabilities (268) (6) (7) Net assets 20,150 55,229 23,955 Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Total revenue — — — Profit (loss) for the year 4,827 (390) 4,540 Other comprehensive income for the year — 30,441 — Total comprehensive income for the year 4,827 30,051 4,540 Dividends received from the joint venture during the year 13,324 — 2,027 Reconciliation of the above summarized financial information to the carrying amount of the interest in the joint venture recognized in the consolidated financial statements: 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Net assets of the joint venture 20,150 55,229 23,955 Proportion of the Group’s ownership interest in Shanghai Xinxin 49.0 % 49.0 % 49.0 % 9,874 27,062 11,740 Distribution to general partner 3,179 — — Carrying amount of the Group’s interest in Shanghai Xinxin 13,053 27,062 11,740

Other financial assets

Other financial assets	12 Months Ended
	Dec. 31, 2018
Other financial assets
Other financial assets	21. Other financial assets 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Financial assets Non-current Financial assets at fair value through profit or loss Listed equity securities — — Unlisted equity securities — — Derivative financial instruments Cross currency swap contracts – cash flow hedges 5,266 — — Other derivative financial instrument — — 32,894 Other financial assets Cross currency swap contracts – cash flow hedges — 17,598 — Other assets Available-for-sale financial assets — Current Financial assets at fair value through profit or loss Financial products sold by banks — — Financial assets at amortized cost Bank deposits will mature over 3 months — — Debentures (1) — — Trade and other receivables (Note 24) Derivative financial instruments Cross currency swap contracts – cash flow hedges — — Cross currency swap contracts — — Other financial assets Cross currency swap contracts – cash flow hedges — — Foreign currency forward contracts — — Financial products sold by banks — 117,928 24,931 Bank deposits will mature over 3 months — 559,034 6,612 2,939,642 1,342,562 732,225 (1) The credit risk on bank deposits will mature over 3 months is limited because the counterparties are banks with high credit-ratings. (2) On July 6, 2018 and August 10, 2018, SMIC Beijing has respectively subscribed for, an amount of RMB200.0 million (approximately US$30.2 million) and RMB100.0 million (approximately US$14.6 million) out of the total issue of an aggregate principal amount of RMB500.0 million of the oriented debt financing instrument issued by Sino IC Leasing, which was recorded as financial assets at amortized cost. The group’s exposure to various risks associated with the financial instruments is discussed in Note 38. The maximum exposure to credit risk at the end of the year is the carrying amount of each class of financial assets mentioned above. 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Financial liabilities Non-current Liabilities at amortized cost Borrowings (Note 30) 1,760,763 1,743,939 1,233,594 Convertible bonds (Note 31) 418,592 403,329 395,210 Bonds payable (Note 32) — 496,689 494,909 Medium-term notes (Note 33) — 228,483 214,502 Derivative financial instruments Cross currency swap contracts – cash flow hedges 15,540 — — Other financial liabilities Contingent consideration (1) 11,948 — — Cross currency swap contracts – cash flow hedges — 1,919 Other liabilities Contingent consideration (1) — 12,549 — Long-term payables (2) 39,128 57,593 — Current Liabilities at amortized cost Trade and other payables (Note 35) 964,860 1,007,424 897,606 Borrowings (Note 30) 530,005 440,608 209,174 Convertible bonds (Note 31) — — 391,401 Bonds payable (Note 32) 498,551 — — Medium-term notes (Note 33) 218,247 — — Short-term notes — — 86,493 Derivative financial instruments Cross currency swap contracts – cash flow hedges 15,806 — — Other financial liabilities Cross currency swap contracts – cash flow hedges — 742 6,348 Foreign currency forward contracts — 2 — Other liabilities Long-term payables (2) 32,263 40,627 — 4,505,703 4,433,904 4,003,407 (1) The group had contingent consideration in respect of a potential cash compensation accrued in 2017 that may be incurred depending on the profit of Changjiang Xinke during the three years of 2017, 2018 and 2019. Contingent consideration was reclassified from other liabilities to other financial liabilities as of January 1, 2018, compliment with IFRS 9. (2) Long-term payables for the purchased tangible and intangible assets were classified into the non-current and current liabilities respectively amounted to US$39.1 million and US$32.3 million as of December 31, 2018. Fair value of financial instruments Fair value of financial instruments carried at amortized cost The Group considers that the carrying amounts of financial assets and financial liabilities recognized in the consolidated financial statements approximate their fair values. Valuation techniques and assumptions applied for the purposes of measuring fair value The fair value of financial instruments based on quoted market prices in active markets, valuation techniques that use observable market-based inputs or unobservable inputs that are corroborated by market data. Pricing information that the Group obtains from third parties is internally validated for reasonableness prior to use in the consolidated financial statements. When observable market prices are not readily available, the Group generally estimates the fair value using valuation techniques that rely on alternate market data or inputs that are generally less readily observable from objective sources and are estimated based on pertinent information available at the time of the applicable reporting periods. In certain cases, fair values are not subject to precise quantification or verification and may fluctuate as economic and market factors vary and the Group’s evaluation of those factors changes. Fair value measurements recognized in the consolidated statement of financial position The following tables provide an analysis of financial instruments that are measured at fair value on a recurring basis subsequent to initial recognition, grouped into Levels 1 to 3 based on the degree to which the fair value is observable. There is no transfer within different levels of the fair value hierarchy in the year ended December 31, 2018, 2017 and 2016: · Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active market for identical assets or liabilities; · Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices), and · Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs). Level 1 Level 2 Level 3 Total December 31, 2018 Valuation technique(s) and key input USD’000 USD’000 USD’000 USD’000 Financial assets Financial assets at fair value through profit or loss Listed equity securities Using quoted market prices 1,508 — — 1,508 Unlisted equity securities Using discounted cash flow analysis — — 53,964 53,964 Financial products sold by banks Using indicated return rate provided by financial institution — — 2,345 2,345 Monetary funds Using ovservable prices — 39,340 — 39,340 Cross currency swap contracts – cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 6,691 — 6,691 Cross currency swap contracts Using forward exchange rates at the balance sheet date — 1,158 — 1,158 1,508 47,189 56,309 105,006 Financial liabilities at fair value Derivative financial instruments Cross currency swap contracts – cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 31,346 — 31,346 Other financial liabilities Contingent consideration Using discounted cash flow analysis — — 11,948 11,948 — 31,346 11,948 43,294 Level 1 Level 2 Level 3 Total December 31, 2017 Valuation technique(s) and key input USD’000 USD’000 USD’000 USD’000 Financial assets measured at fair value Short-term investment carried at fair value through profit or loss Using indicated return rate provided by financial institution — — 117,928 117,928 Available-for-sale investment Using quoted market prices 2,531 — — 2,531 Available-for-sale investment Using discounted cash flow analysis — — 20,134 20,134 Cross currency swap contracts classified as other financial assets in the statement of financial position — cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 22,337 — 22,337 Foreign currency forward contracts classified as other financial assets in the statement of financial position Using forward exchange rates at the balance sheet date — 2,111 — 2,111 2,531 24,448 138,062 165,041 Financial liabilities measured at fair value Cross currency swap contracts classified as other financial liabilities in the statement of financial position — cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 2,661 — 2,661 Foreign currency forward contracts classified as other financial liabilities in the statement of financial position Using forward exchange rates at the balance sheet date — 2 — 2 Contingent consideration Using discounted cash flow analysis — — 12,549 12,549 — 2,663 12,549 15,212 Level 1 Level 2 Level 3 Total December 31, 2016 Valuation technique(s) and key input USD’000 USD’000 USD’000 USD’000 Financial assets measured at fair value Short-term investment carried at fair value through profit or loss Using indicated return rate provided by financial institution — — 24,931 24,931 Available-for-sale investment Using quoted market prices 4,713 — — 4,713 Available-for-sale investment Using discounted cash flow analysis — — 16,067 16,067 Derivative financial instrument Measured by Binomial Model with key assumptions including exercise multiple (75%), risk free rate of interest ((0.51%), expected volatility (24.5%) and rate of return (10%). — — 32,894 32,894 4,713 — 73,892 78,605 Financial liabilities measured at fair value Cross currency swap contracts classified as other financial liabilities in the statement of financial position — cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 80,518 — 80,518

Restricted cash

Restricted cash	12 Months Ended
	Dec. 31, 2018
Restricted cash
Restricted cash	22. Restricted cash 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Non-current — 13,438 20,080 Current (1) 592,290 336,043 337,699 592,290 349,481 357,779 (1) As of December 31, 2018, the current restricted cash consisted of US$185.8 million (December 31, 2017: US$14.9 million and December 31, 2016: US$2.9 million) of bank time deposits, which was pledged against letters of credit and short-term borrowings. As of December 31, 2018, the current restricted cash consisted of US$406.5 million (December 31, 2017: US$235.3 million and December 31, 2016: US$191.9 million) of government funding received, within which US$404.2 million was mainly for the reimbursement of research and development expenses to be incurred.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2018
Inventories
Inventories	23. Inventories 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Raw materials 143,990 149,574 126,526 Work in progress 331,782 321,695 280,216 Finished goods 117,237 151,410 57,474 593,009 622,679 464,216 The cost of inventories recognized as an expense (income) during the year in respect of inventory provision was US$6.4 million (2017: US$46.9 million and 2016: US$3.7 million).

Trade and other receivables

Trade and other receivables	12 Months Ended
	Dec. 31, 2018
Trade and other receivables
Trade and other receivables	24. Trade and other receivables 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Trade receivables 412,053 407,975 491,018 Allowance on doubtful trade receivables (Note 38) (2,155) (1,335) (1,491) 409,898 406,640 489,527 Other receivables (1) 364,143 203,410 146,583 Refundable deposits (2) 63,787 6,258 9,712 837,828 616,308 645,822 (1) As of December 31, 2018, the balance included the receivable from the sales of machinery and equipment to SMEC, amounted to US$68.9 million and the charge of purchase machinery and equipment to SMEC, amounted to US$35.6 million. (2) As of December 31, 2018, the balance included a deposit of investing in land use right, amounted US$45.5 million. The following is an aged analysis of trade receivables presented based on the invoice date at the end of the reporting period. 12/31/18 12/31/17 12/31/16 Age of receivables USD’000 USD’000 USD’000 Within 30 days 219,813 148,131 274,087 31–60 days 141,852 187,623 179,453 Over 60 days 50,388 72,221 37,478 Total trade receivables 412,053 407,975 491,018 Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of business. They are generally due for settlement within 30 days and therefore are all classified as current. Trade receivables are recognized initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are recognized at fair value. The group holds the trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest method. Details about the group’s impairment policies and the calculation of the loss allowance are provided in Note 38. Due to the short-term nature of the current receivables, the carrying amounts of trade and other receivables are considered to be the same as their fair value.

Assets and liabilities classifi

Assets and liabilities classified as held-for-sale	12 Months Ended
	Dec. 31, 2018
Assets and liabilities classified as held-for-sale
Assets and liabilities classified as held-for-sale	25. Assets and liabilities classified as held-for-sale 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Assets classified as held-for-sale Assets of disposal group as held-for-sale 255,330 — — Machinery and equipment 5,846 — — Assets related to employee’s living quarters 9,631 37,471 50,813 270,807 37,471 50,813 Liabilities directly associated with assets classified as held-for-sale Liabilities of disposal group as held-for-sale 143,447 — — Non-current assets are classified as held-for-sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the non-current asset is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification. As at December 31, 2018, investment in LFoundry of US$111.9 million was classified as held-for-sale assets and liabilities as the effect to sell the subsidiary has commenced and the sales are expected by December 31, 2019 and the details are disclosed as follows: 12/31/18 Assets of disposal group as held-for-sale USD’000 Property, plant and equipment 123,677 Goodwill 3,933 Inventories 54,451 Restricted cash 12,960 Trade and other receivables 37,796 Cash and cash equivalent 14,554 Other assets 7,959 255,330 Liabilities of disposal group as held-for-sale Borrowings 58,467 Trade and other payables 37,296 Deferred tax liabilities 14,437 Defined benefited obligation 26,475 Other liabilities 6,772 143,447 Considerations to be received for the disposal will be equivalent or higher than the carrying value of the net assets and liabilities of LFoundry.

Shares and issued capital

Shares and issued capital	12 Months Ended
	Dec. 31, 2018
Shares and issued capital
Shares and issued capital	26. Shares and issued capital Fully paid ordinary shares Number of Share Share shares capital Premium USD’000 USD’000 Balance at December 31, 2015 42,073,748,961 16,830 4,903,861 Issuance of shares under the Company’s employee share option plan 329,531,926 132 35,367 Conversion of convertible bonds during the year 105,128,132 42 11,023 Adjustment arising from the Share Consolidation (38,257,568,118) — — Issuance of shares under the Company’s employee share option plan after the Share Consolidation 2,081,358 8 697 Balance at December 31, 2016 4,252,922,259 17,012 4,950,948 Issuance of shares under the Company’s employee share option plan 32,723,622 130 35,178 Conversion of convertible bonds during the year 389,042,383 1,556 427,168 Share premium reduction — — (910,849) Ordinary shares issued at December 6, 2017 241,418,625 966 325,174 Balance at December 31, 2017 4,916,106,889 19,664 4,827,619 Issuance of shares under the Company’s employee share option plan (Note 37) 24,071,936 97 25,121 Ordinary shares issued at June 29, 2018 61,526,473 246 83,256 Ordinary shares issued at August 29, 2018 57,054,901 228 77,148 Shares bought back on-market and cancelled (18,941,000) (76) (19,981) Balance at December 31, 2018 5,039,819,199 20,159 4,993,163 On April 23, 2018, the Company entered into the China IC Fund Pre-emptive Share Subscription Agreement with China IC Fund and Xinxin (Hongkong) Capital Co., Ltd (“Xinxin HK”, wholly-owned by China IC Fund), pursuant to which, on and subject to the terms of the China IC Fund Pre-emptive Share Subscription Agreement, the Company conditionally agreed to issue, and China IC Fund, through Xinxin HK, conditionally agreed to subscribe for, the 57,054,901 Ordinary Shares at the price of HK$10.65 per Ordinary Share. On August 29, 2018, the Company completed the issue of the China IC Fund pre-emptive shares in the principal amount of HK$607.6 million (approximately US$77.4 million). On April 23, 2018, the Company entered into the Datang Pre-emptive Share Subscription Agreement with Datang Telecom Technology & Industry Holdings Co., Ltd. (“Datang”) and Datang Holdings (Hongkong) Investment Company Limited (“Datang HK”), pursuant to which, on and subject to the terms of the Datang Pre-emptive Share Subscription Agreement, the Company conditionally agreed to issue, and Datang, through Datang HK, conditionally agreed to subscribe for, the 61,526,473 Ordinary Shares at the price of HK$10.65 per Ordinary Share. On June 29, 2018, the Company completed the issue of the Datang pre-emptive shares in the principal amount of HK$655.3 million (approximately US$83.5 million). On September 27, 2018, the company repurchased 7,291,000 ordinary shares on Hong Kong Stock Exchange. The buy-back was approved by shareholders at the annual general meeting on June 22, 2018. The ordinary shares were acquired at an average price of HK$8.32 per share, with prices ranging from HK$8.27 to HK$8.36. The total cost of HK$60.8 million (approximately US$7.8 million) was deducted from the shareholder equity. On October 4, 2018, the company repurchased 11,650,000 ordinary shares on Hong Kong Stock Exchange. The buyback was approved by shareholders at the annual general meeting on June 22, 2018. The ordinary shares were acquired at an average price of HK$8.23 per share, with prices ranging from HK$8.11 to HK$8.32. The total cost of HK$96.1 million (approximately US$12.3 million) was deducted from the shareholder equity. On October 25, 2018, the company cancelled 18,941,000 ordinary shares amounted at US$20.0 million, in respect of the repurchase on September 27, 2018 and October 4, 2018. On December 6, 2017, pursuant to the terms and conditions of the placing agreement entered by the Company and joint placing agents, the Company allotted and issued 241,418,625 placing shares, representing approximately 4.92% of the issued share capital of the Company as enlarged by the issue of the placing shares, to not less than six independent placees at the price of HK$10.65 per placing share. The net proceeds are recorded as share capital of approximately US$1.0 million and share premium of approximately US$325.2 million in the statements of financial position after the deduction of issue expenses of US$2.9 million. Net proceeds of issue are measured after deducting directly attributable transaction costs of the share issue. On June 23, 2017, the Board has been approved by the shareholders at the Annual General Meeting to reduce the amount standing to the credit of the share premium account of the Company by an amount of US$910.8 million and to apply such amount to eliminate the accumulated losses of the Company as of December 31, 2016. On June 23, 2017, the Board has been approved by the shareholders at the Annual General Meeting to increase the authorized share capital of the Company to US$42,000,000 divided into 10,000,000,000 ordinary shares and 500,000,000 preferred shares by the creation of an additional 5,000,000,000 ordinary shares in the share capital of the Company, which will rank pari passu with all existing ordinary shares. In 2016, the Company proposed to implement the Share Consolidation on the basis that every ten issued and unissued shares of US$0.0004 each of the Company will be consolidated into one ordinary share of US$0.004 each. The proposed share consolidation was approved by the Company’s shareholders at the Extraordinary General Meeting held on December 6, 2016 and the share consolidation became effective on December 7, 2016. Stock incentive plans The Company has adopted the stock incentive plans under which options to subscribe for the Company’s shares have been granted to certain employees, officers and other service providers (Note 37).

Reserves

Reserves	12 Months Ended
	Dec. 31, 2018
Reserves
Reserves	27. Reserves Equity-settled employee benefits reserve The equity-settled employee benefits reserve related to share options and RSUs granted by the Company to the Group’s employees and service providers under stock incentive plans. Items included in equity-settled employee benefits reserve will not be reclassified subsequently to profit or loss. Foreign currency translation reserve Exchange differences relating to the translation of the results and net assets of the Group’s foreign operations from their functional currencies to the Group’s presentation currency (i.e. United States dollars) are recognized directly in other comprehensive income and accumulated in the foreign currency translation reserve. Exchange differences previously accumulated in the foreign currency translation reserve (in respect of translating both the net assets of foreign operations and hedges of foreign operations) are reclassified to profit or loss on the disposal/deconsolidation of the foreign operation. Change in value of available-for-sale financial assets The changes in the carrying amount of available-for-sale financial assets, which were initially recognized at fair value plus transaction costs and subsequently carried at fair value, recognized in other comprehensive income and accumulated under the heading of investments revaluation reserve. When the investment is disposed of or is determined to be impaired, the cumulative gain or loss previously accumulated in the investments revaluation reserve is reclassified to profit or loss. The adoption of IFRS 9 Financial Instruments from January 1, 2018 resulted in changes in accounting policies and adjustments to the amounts recognized in the financial statements. In accordance with the transitional provisions in IFRS 9, comparative figures have not been restated. Related fair value losses of US$1.1 million were transferred from the available-for-sale financial assets reserve to retained earnings on January 1, 2018. Convertible bonds equity reserve The conversion option from the issuance of convertible bonds classified as equity is determined by deducting the amount of the liability component from the fair value of the compound instrument (i.e. convertible bond) as a whole. This is recognized and included in equity, net of income tax effects, and is not subsequently remeasured. In addition, the conversion option classified as equity will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share premium. Where the conversion option remains unexercised at the maturity date of the convertible bond, the balance recognized in equity will be transferred to retained earnings. No gain or loss is recognized in profit or loss upon conversion or expiration of the conversion option. Defined benefit plan reserve Defined benefit plan reserve recorded the changes of fair value of the defined benefit obligation due to LFoundry’s employees. LFoundry’s employees are entitled to a defined benefit plan. Actuarial gains and losses can result from increases or decreases in the present value of a defined benefit obligation due to experience adjustments or changes in actuarial assumptions. Trattamento di Fine Rapport (“TFR”) relates to the amounts that employees in Italy are entitled to receive when they leave the Group and is calculated based on the period of employment and the taxable earnings of each employee. Under certain conditions, the entitlement may be partially advanced to an employee during the employee’s working life. Under the amendments of the Italian legislation in the first half of 2007, companies with at least 50 employees are obliged to transfer the TFR to the “Treasury Fund” managed by the Italian state-owned social security body (“INPS”) or to supplementary pension funds. Prior to the amendments, accruing TFR for employees of all Italian companies could be managed by the Group itself. Consequently, the Italian companies’ obligation to INPS and the contributions to supplementary pension funds take the form, under IAS 19 revised, of “Defined contribution plans” whereas the amounts recorded in the TFR liability retain the nature of “Defined benefit plans”. Accordingly, TFR liability consists of the residual obligation for TFR until December 31, 2006. This is an unfunded defined benefit plan as the benefits have already been almost entirely earned, with the sole exception of future revaluations. Since 2007 the scheme has been classified as a defined contribution plan, and the companies under IFRS recognize the associated cost, being the required contributions to the pension funds, over the period in which the employee renders service. The Group operates defined benefit plans in Italy under broadly similar regulatory frameworks, which is an unfunded plan where the Group meets the benefit payment obligation as it falls due. The level of benefits provided depends on members’ length of service and their salary in the final years leading up to retirement. The TFR in payment is generally updated in line with the retail price index. he amounts recognized in the statement of financial position and the movements in the net defined benefit obligation over the year are as follows: USD’000 As at August 1, 2016 27,569 Interest expense recognized in profit or loss 87 Actuarial gains recognized in other comprehensive income (1,520) Exchange differences (1,875) Contribution to employees (48) As at December 31, 2016 24,213 Interest expense recognized in profit or loss 376 Actuarial losses recognized in other comprehensive income 436 Exchange differences 3,455 Contribution to employees (318) Balance at December 31, 2017 28,162 Interest expense recognized in profit or loss 314 Actuarial gains recognized in other comprehensive income (129) Exchange differences (1,223) Contribution to employees (649) Balance at December 31, 2018 26,475 The defined benefit obligation has been included in liabilities directly associated with assets classified as held-for-sale. The significant actuarial assumptions used by Lab4Value S.r.l., an Italian company operated in the consultancy of TFR actuarial valuation, were as follows: 12/31/18 12/31/17 12/31/16 Discount rate (%) 1.38 % 1.18 % 1.37 % Inflation rate (%) 1.50 % 1.50 % 1.50 % Salary growth rate (%) 1.50 % 1.50 % 1.50 % Labor turnover rate (%) 2.65 % 2.65 % 2.65 % Probability of request of advances of TFR (%) 1.50 % 1.50 % 1.50 % Percentage required in case of advance (%) 70.00 % 70.00 % 70.00 % 12/31/18 12/31/17 12/31/16 Number of employees with TFR 1,390 1,485 1,421 Average age (years) 48 47 46 Average seniority (years) 22 20 20 The sensitivity analysis of the defined benefit obligation was as follows: 12/31/18 12/31/17 12/31/16 Discount rate (+0.5%) -5.59 % -5.85 % -6.05 % Discount rate (-0.5%) % % 6.61 % Rate of payments increases (+20%) -0.33 % -0.65 % -0.57 % Rate of payments decreases (-20%) % % 0.63 % Rate of price inflation increases (+0.5%) % % 3.94 % Rate of price inflation decreases (-0.5%) -3.56 % -3.72 % -3.86 % Rate of salary increases (+0.5%) — % — % — % Rate of salary decreases (-0.5%) — % — % — % Increase the retirement age (+1 year) % % 0.38 % Decrease the retirement age (-1 year) -0.43 % -0.52 % -0.40 % Increase longevity (+1 year) — % — % — % Decrease longevity (-1 year) — % — % — % The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as when calculating the defined benefit liability recognized in the statement of financial position. Cash flow hedges The hedging reserve is used to record gains or losses on derivatives that are designated and qualify as cash flow hedges and that are recognized in other comprehensive income, as described in note 40. Amounts will be reclassified to profit or loss when the associated hedged transaction affects profit or loss. Share of other comprehensive income of joint ventures accounted for using the equity method The reserve of share of other comprehensive income of joint ventures accounted for using the equity method was recognized as the Group’s share of the change in value of available-for-sale financial assets of the joint ventures. The adoption of IFRS 9 Financial Instruments from January 1, 2018 resulted in changes in accounting policies and adjustments to the amounts recognized in the financial statements. In accordance with the transitional provisions in IFRS 9, comparative figures have not been restated. Related fair value gains of US$17.6 million were transferred from the reserve of share of other comprehensive income of joint ventures accounted for using the equity method to retained earnings on January 1, 2018.

Retained earnings (accumulated

Retained earnings (accumulated deficit)	12 Months Ended
	Dec. 31, 2018
Retained Earnings [Abstract]
Retained earnings (accumulated deficit)	28. Retained earnings (accumulated deficit) As stipulated by the relevant laws and regulations applicable to China’s foreign investment enterprise, the Company’s PRC subsidiaries are required or allowed to make appropriations to non-distributable reserves. The general reserve fund requires annual appropriation of 10% of after tax profit (as determined under accounting principles generally accepted in the PRC at each year-end), after offsetting accumulated losses from prior years, until the accumulative amount of such reserve fund reaches 50% of registered capital of the relevant subsidiaries. The general reserve fund can only be used to increase the registered capital and eliminate future losses of the relevant subsidiaries under PRC regulations. The staff welfare and bonus reserve is determined by the board of directors of the respective PRC subsidiaries and used for the collective welfare of the employee of the subsidiaries. The enterprise expansion reserve is for the expansion of the subsidiaries’ operations and can be converted to capital subject to approval by the relevant authorities. These reserves represent appropriations of the retained earnings determined in accordance with Chinese law. As of December 31, 2018, 2017 and 2016, the accumulated non-distributable reserve was US$145.5 million, US$90.6 million and US$34.3 million respectively. In 2018, 2017 and 2016 the Company did not declare or pay any cash dividends on the ordinary shares. In 2018, the Company paid the distribution to perpetual subordinated convertible securities holders amounted to US$6.3 million. On June 23, 2017, the accumulated losses of the Company as of December 31, 2016 were eliminated by an amount of US$910.8 million. Please refer to Note 27 for more details. On December 29, 2017, SMIC Shanghai and SJ Jiangyin had entered into an asset transfer agreement in relation to the disposal and sale of unvalued assets. The purpose of the disposal was to transfer the business operation of the Shanghai Testing Centre from SMIC Shanghai to SJ Jiangyin and merge the business operation of Shanghai Testing Centre to SJ Jiangyin. The transfer of business operation raised a retained earnings of US$7.3 million for the Company and a corresponding loss for non-controlling interests.

Perpetual subordinated converti

Perpetual subordinated convertible securities	12 Months Ended
	Dec. 31, 2018
Perpetual Subordinated Convertible Securities [Abstract]
Perpetual subordinated convertible securities	29. Perpetual subordinated convertible securities On April 23, 2018, the Company entered into the perpetual subordinated convertible securities (“PSCS”) subscription agreement with China IC Fund and Xinxin HK, pursuant to which, on and subject to the terms of the PSCS subscription agreement, the Company conditionally agreed to issue, and China IC Fund, through Xinxin HK, conditionally agreed to subscribe for PSCS in an aggregate principal amount of US$300.0 million. On August 29, 2018, the Company completed the issue of the PSCS in the principal amount of US$300.0 million. On April 23, 2018, the Company entered into the PSCS subscription agreement with Datang and Datang HK, pursuant to which, on and subject to the terms of the PSCS subscription agreement, the Company conditionally agreed to issue, and Datang, through Datang HK, conditionally agreed to subscribe for PSCS in an aggregate principal amount of US$200.0 million. On June 29, 2018, the Company completed the issue of the PSCS in the principal amount of US$200.0 million. On December 14, 2017, the Company issued the PSCS at a par value of US$250,000 each in the principal amount of US$65.0 million. The PSCS are included in equity in the Group’s consolidated financial statements as the Group does not have a contractual obligation to deliver cash or other financial assets arising from the issue of the PSCS. The PSCS will remain as equity reserve until the PSCS are converted, in which case, the balance recognized in equity will be transferred to ordinary shares and share premium. As at the issue date and the year ended December 31, 2018, the net book value of PSCS amounted to US$563.8 million after the deduction of issue expenses of US$1.2 million. As at December 31, 2018, assuming full conversion of the PSCS, the PSCS will be convertible into 344,985,992 ordinary shares. Up to the date of the authorization of the Group’s consolidated financial statements for the year ended December 31, 2018 no PSCS have been converted into ordinary shares of the Company, and the Company paid the distribution amounted to US$6.3 million. Key terms of the PSCS The PSCS will be paid semi-annually in arrears at 2.00% per annum with distribution payment date on June 14, and December 14, in each year, commencing on June 14, 2018. The Company may elect to defer distribution unless payments is not made in full on a distribution payment date or a compulsory distribution payment event has occurred. The Company will procure that no dividend or other payment is made on any junior securities or parity securities; or redeem, reduce, cancel, buy-back or acquire for any consideration any junior securities or parity securities unless and until the Company satisfies in full all outstanding arrears of distribution and any additional distribution amounts; or it is permitted to do so by an extraordinary resolution of the securityholders. The PSCS has no fixed redemption date. The Company may redeem the PSCS in whole, but not in part, at their principal amount, together with distribution accrued on or at any time after December 14, 2020 in certain specified circumstances specified in the agreements. In the event of the winding-up of the Company, the rights and claims of the securityholders shall rank ahead of those persons whose claims are in respect of any junior securities of the Company, but shall be subordinated in right of payment to the claims of all other present and future senior and subordinated creditors of the Company, other than the claims of holders of parity securities. Securityholders may convert their PSCS into ordinary shares at any time on or after 40 days from the Issue date at the conversion price in effect on the relevant conversion date. The initial conversion ratio was 152,648.6697 shares per US$250,000 principal amount at the initial conversion price, HK$12.78 per Share with a fixed exchange rate of 7.8034 HK$/US$. The Conversion Price will be adjusted in certain circumstances, including subdivisions, consolidation or redenomination, rights issue, bonus issue, reorganization, capital distributions and certain other dilutive event. Upon the occurrence of any delisting or suspension arising from or as a result of an application to HKSE having been initiated or made by the Group, the securityholders will have the right to require the Company to redeem all or some only of PSCS at their principal amount, together with any distribution accrued. In the opinion of the management of the Company, the occurrence of such events is highly remote.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2018
Borrowings
Borrowings	30. Borrowings 12/31/18 12/31/17 12/31/16 At amortized cost USD’000 USD’000 USD’000 Short-term commercial bank loans (1) 192,198 308,311 176,957 Short-term borrowings 192,198 308,311 176,957 2013 USD loan (SMIC Shanghai) — 10,760 10,760 2015 USD loan (SMIC Shanghai) — — 39,641 2015 CDB USD loan (SJ Jiangyin) — — 2,000 2015 CDB RMB loan I (SMIC Shanghai) (2) 145,705 153,041 144,155 2015 CDB RMB loan II (SMIC Shanghai) (3) 64,839 72,694 68,473 2015 CDB RMB loan (SMIC Beijing) (4) 26,227 29,231 28,110 2016 CDB RMB loan (SMIC Beijing) (5) 202,529 223,440 210,466 2017 CDB RMB loan (SMIC Shenzhen) (6) 322,153 185,792 — 2015 EXIM RMB loan (SMIC Shanghai) (7) 72,852 76,520 72,077 2017 EXIM RMB loan (SMIC Shanghai) (8) 145,705 153,041 — 2018 EXIM RMB loan I (SMIC Shanghai) (9) 138,419 — — 2016 EXIM RMB loan I (SMIC Beijing) — 36,730 34,597 2016 EXIM RMB loan II (SMIC Beijing) (10) 58,282 61,216 57,662 2017 EXIM RMB loan (SMIC Beijing) (11) 69,938 76,520 — 2018 EXIM RMB Loan I (SMIC Beijing) (12) 29,141 — — 2018 EXIM RMB Loan II (SMIC Beijing) (13) 34,969 — — 2016 EXIM RMB loan (SMIC) (14) 72,852 76,520 72,077 2017 EXIM RMB loan (SMIC Tianjin) (15) 72,852 76,520 — 2017 EXIM USD loan (SMIC Tianjin) — 25,000 — 2018 EXIM RMB loan (SMIC Tianjin) (16) 78,680 — — 2017 EXIM RMB loan (SMIC Shenzhen) (17) 68,481 76,520 — Loan to LFoundry — 55,036 43,214 Others (18) 494,946 487,655 482,579 Long-term borrowings 2,098,570 1,876,236 1,265,811 2,290,768 2,184,547 1,442,768 Current Short-term borrowings 192,198 308,311 176,957 Current maturities of long-term borrowings 337,807 132,297 32,217 530,005 440,608 209,174 Non-current Non-current maturities of long-term borrowings 1,760,763 1,743,939 1,233,594 2,290,768 2,184,547 1,442,768 Borrowing by repayment schedule: Within 1 year 530,005 440,608 209,174 Within 1–2 years 434,998 399,301 171,900 Within 2–5 years 895,135 877,315 698,070 Over 5 years 430,630 467,323 363,624 2,290,768 2,184,547 1,442,768 Summary of borrowing arrangements (1) As of December 31, 201 8 , the Group had 3 3 short-term credit agreements that provided total credit facilities up to US$2, 710.7 million on a revolving credit basis. As of December 31, 201 8 , the Group had drawn down US$ 192.2 million under these credit agreements. The outstanding borrowings under these credit agreements are unsecured. The interest rate on this loan facility ranged from 1 .9 3 % to 4 . 35 % in 201 8 . (2) In December 2015, SMIS entered into a loan facility in the aggregate principal amount of RMB1,00 0. 0 million with China Development Bank, which is guaranteed by SMIC. This fifteen-year bank facility was used for new SMIS’ 300mm fab. As of December 31, 201 8 , SMIS had drawn down RMB1,00 0. 0 million (approximately US$1 45.7 million) on this loan facility. The outstanding balance is repayable from November 2021 to November 2030. The interest rate on this loan facility was 1.20% in 201 8 . (3) In December 2015, SMIS entered into a loan facility in the aggregate principal amount of RMB47 5.0 million with China Development Bank, which is guaranteed by SMIC. This ten-year bank facility was used to expand the capacity of SMIS’ 300mm fab. As of December 31, 201 8 , SMIS had drawn down RMB47 5.0 million and repaid RMB30.0 million on on this loan facility. The outstanding balance RMB445.0 million (approximately US$ 64.8 million) is repayable from June 201 9 to December 2025. The interest rate on this loan facility was 1.20% in 201 8 . (4) In December 2015, SMIB entered into an RMB loan, a fifteen-year working capital loan facility in the principal amount of RMB19 5.0 million with China Development Bank, which is unsecured. As of December 31, 201 8 , SMIB had drawn down RMB19 5.0 million and repaid RMB15.0 million on this loan facility. The outstanding balance of RMB1 80.0 million (approximately US$2 6.2 million) is repayable from June 201 9 to December 2030. The interest rate on this loan facility was 1.20% in 201 8 . (5) In May 2016, SMIB entered into the RMB loan, a fifteen-year working capital loan facility in the principal amount of RMB1,46 0. 0 million with China Development Bank, which is guaranteed by SMIC. As of December 31, 201 8 , SMIB had drawn down RMB1,46 0. 0 million and repaid RMB70.0 million on this loan facility. The outstanding balance of RMB1,390.0 million (approximately US$2 02.5 million) is repayable from May 201 9 to May 2031. The interest rate on this loan facility was 1.20% in 201 8 . (6) In December 201 7 , SMI Z entered into a loan facility in the aggregate principal amount of RMB 5,400.0 million with China Development Bank, which is unsecured. This seven -year bank facility was used to finance the planned expansion for SMIZ’s 300mm fab. As of December 31, 201 8 , SMI Z had drawn down RMB 2,211.0 million (approximately US$ 322.2 million) on this loan facility. The outstanding balance is repayable from December 2019 to December 20 24 . The interest rate on this loan facility was 4 . 46 % per annum in 201 8 . (7) In December 201 5 , SMI S entered into a loan facility in the aggregate principal amount of RMB 500.0 million with The Export-Import Bank of China , which is unsecured. This three -year bank facility was used for working capital purposes. In December 2018, the tenor of this bank facility was extended for one and a half years. As of December 31, 201 8 , SMI S had drawn down RMB 500.0 million (approximately US$ 72.9 million) on this loan facility. The outstanding balance is repayable in June 20 20 . The interest rate on this loan facility was 2 . 65 % in 201 8 . (8) In March 2017, SMIS entered into a loan facility in the aggregate principal amount of RMB1,000.0 million with The Export-Import Bank of China, which is unsecured. This two-year bank facility as used for working capital purposes. As of December 31, 201 8 , SMIS had drawn down RMB1,000.0 million (approximately US$1 45.7 million) on this loan facility. The outstanding balance is repayable in March and March 2019. The interest rate on this loan facility is 2.65% per annum in 201 8 . (9) In October 2018, SMIS entered into a loan facility in the aggregate principal amount of RMB 950. 0 million with The Export-Import Bank of China, which is unsecured. This two-year bank facility was used for working capital purposes. As of December 31, 2018, SMIS had drawn down RMB 950. 0 million (approximately US$ 138.4 million) on this loan facility. The outstanding balance is repayable in October 2020. The interest rate on this loan facility is 2. 92 % per annum in 2018. (10) In January 2016, SMIB entered into the RMB loan, a three-year working capital loan facility in the principal amount of RMB40 0. 0 million with The Export-Import Bank of China, which is unsecured. This three-year bank facility was used for working capital purposes. As of December 31, 201 8 , SMIB had drawn down RMB40 0. 0 million (approximately US$ 58.3 million) on this loan facility. The principal amount is repayable in January 2019. The interest rate on this loan facility was 2.65% in 201 8 . (11) In September 201 7 , SMIB entered into the new RMB loan in the aggregate principal amount of RMB 5 0 0. 0 million with The Export-Import Bank of China, which is unsecured . This five -year bank facility was used for SMIB’s 300mm fab . As of December 31, 201 8 , SMIB had drawn down RMB 5 0 0. 0 million and repaid RMB20.0 million on this loan facility. The outstanding balance RMB480.0 million (approximately US$ 69.9 million) is repayable from March 2019 to September 2022 . The interest rate on this loan facility was 2. 92 % per annum in 201 8 . (12) In June 2018, SMIB entered into a loan facility in the aggregate principal amount of RMB200. 0 million with The Export-Import Bank of China, which is secured by bank time deposits. This two -year bank facility was used for SMIB’s 300mm fab. As of December 31, 2018, SMIB had drawn down RMB200. 0 million (approximately US$29.1 million) on this loan facility. The outstanding balance is repayable in June 2020. The interest rate on this loan facility is 2 . 92 % per annum in 2018. (13) In December 2018, SMIB entered into the RMB loan, a two-year working capital loan facility in the principal amount of RMB240.0 million with The Export-Import Bank of China, which is unsecured. This two-year bank facility was used for working capital purposes. As of December 31, 2018, SMIB had drawn down RMB240.0 million (approximately US$35.0 million) on this loan facility. The outstanding balance is repayable in December 2020. The interest rate on this loan facility was 2.92% in 2018. (14) In May 2016, SMIC entered into a loan facility in the aggregate principal amount of RMB50 0. 0 million with The Export-Import Bank of China, which is unsecured. This three-year bank facility was used for working capital purposes. As of December 31, 201 8 , SMIC had drawn down RMB50 0. 0 million (approximately US$7 2.9 million) on this loan facility. The outstanding balance is repayable in May 2019. The interest rate on this loan facility was 4 . 04 % in 201 8 . (15) In February 2017, SMI T entered into the new RMB loan , a three-year working capital loan facility in the principal amount of RMB 5 0 0. 0 million with The Export-Import Bank of China, which is unsecured . This three -year bank facility was use d for working capital purposes. As of December 31, 201 8 , SMI T had drawn down RMB 5 0 0. 0 million (approximately US$ 72.9 million) on this loan facility. The outstanding balance is repayabl e in February 2020 . The interest rate on this loan facility was 4 . 04 % per annum in 201 8 . (16) In December 2018, SMIT entered into a loan facility in the aggregate principal amount of RMB540. 0million with The Export-Import Bank of China, which is unsecured. This five -year bank facility was used to finance the planned expansion for SMIT’s 300mm fab. As of December 31, 2018, SMIT had drawn down RMB540. 0 million (approximately US$78.7 million) on this loan facility. The outstanding balance of RMB540.0 million is repayable in December 2023. The interest rate on this loan facility is 2 . 92 % per annum in 2018. (17) In December 2017, SMIZ entered into a loan facility in the aggregate principal amount of RMB500.0 million with T he Export-Import Bank of China, which is unsecured . This five -year bank facility was used to finance the planned expansion for SMIZ’s 300mm fab. As of December 31, 201 8 , S MIZ had drawn down RMB500. 0 million and repaid RMB30.0 million on this loan facility. The outstanding balance of RMB470.0 million (approximately US$ 68.5 million) is repayable from March 201 9 to September 2022. The interest rate on this loan facility ranged from 3 . 4 0% in 201 8 . (18) Other borrowings represented several batches of production equipment of the Group sold and leased back under the below arrangements: US$35.2 million of borrowings under new two arrangements entered into by the Group and third-party financing companies in the form of a sale and leaseback transaction with a repurchase option. US$4 59.7 million (December 31, 2017: US$487.7 million and December 31, 2016: US$482.6 million) of borrowings under three arrangements entered into by the Group and third-party financing companies in the form of a sale and leaseback transaction with a repurchase option. As the repurchase prices are set at below US$1.0 which are minimal compared to the expected fair value and the Group is certain that it will exercise the repurchase options, the above arrangements have been accounted for as collateralized borrowings of the Group. As of December 31, 2018, property, plant and equipment and land use right with carrying amount of approximately US$207.2 million (December 31, 2017: US$362.3 million and December 31, 2016: US$631.4 million) have been pledged to secure borrowings of the Group.

Convertible bonds

Convertible bonds	12 Months Ended
	Dec. 31, 2018
Convertible bonds
Convertible bonds	31. Convertible bonds Redemption of zero coupon convertible bonds The Company exercised its right to redeem the US$200.0 million zero coupon convertible bonds due 2018, the US$86.8 million zero coupon convertible bonds due 2018, the US$95.0 million zero coupon convertible bonds due 2018 and the US$22.2 million zero coupon convertible bonds due 2018 (the “Bonds”) on March 10, 2017 being the option redemption date when all of the Bonds would be redeemed in cash at 100% of the Bonds’ principal amount. The conversion price is HK$7.965, approximately US$1.027. On March 3, 2017, the Company received notices from all holders of the Bonds for the full conversion of the outstanding Bonds. As all outstanding Bonds have been fully converted and no Bonds remain outstanding, no redemption of the Bonds will be carried out. The Company delisted the Bonds from the Singapore Exchange Securities Trading Limited. Issue of US$450 million zero coupon convertible bonds due 2022 The Company issued convertible bonds at a par value of US$250,000 each with an aggregate principal amount of US$450,000,000 on July 7, 2016 (the “2016 Convertible Bonds”). The 2016 Convertible Bonds issued on July 7, 2016 is a compound instrument included a liability component and an equity component. There are embedded derivatives in respect of the early redemption features of the 2016 Convertible Bonds, which are deemed to be clearly and closely related to the host contract and therefore, do not need to be separately accounted for. As at the date of issue, the fair value of the liability component of the 2016 Convertible Bonds was approximately US$387.9 million and the equity component was approximately US$52.9 million, determined by deducting the amount of the liability component from the fair value of the compound instrument as a whole. USD’000 Principal amount 450,000 Transaction cost (9,194) Liability component as at the date of issue (387,871) Equity component as at the date of issue 52,935 Subsequent to the initial recognition, the liability component of the 2016 Convertible Bonds was carried at amortized cost using the effective interest method. The effective interest rate of the liability component of the 2016 Convertible Bonds was 3.78% per annum. The movement of the liability component and the equity component of the 2016 Bonds for the year ended December 31, 2018 is set out below: Liability Equity Component Component Total USD’000 USD’000 USD’000 As at the date of issue 387,871 52,935 440,806 Interest charged 7,339 — 7,339 Balance at December 31, 2016 395,210 52,935 448,145 Interest charged 14,913 — 14,913 Conversion options exercised (6,794) (882) (7,676) Balance at December 31, 2017 403,329 52,053 455,382 Interest charged 15,263 — 15,263 Balance at December 31, 2018 418,592 52,053 470,645 The equity component will remain in convertible bond equity reserve until the embedded conversion option is exercised or the 2016 Convertible Bonds mature. As at December 31, 2018, 371,589,975 ordinary shares will be issued upon full conversion of the 2016 Convertible Bonds. KEY TERMS OF THE 2016 CONVERTIBLE BONDS The 2016 Convertible Bonds with no interest born will mature on July 7, 2022. If payment of principal or premium is improperly withheld or refused, such unpaid amount shall bear interest at the rate of 2.00% per annum. All the 2016 Convertible Bonds which are redeemed, converted or purchased by the Company will forthwith be cancelled. The Company will redeem the outstanding 2016 Convertible Bonds at principal amount on July 7, 2022 or in certain specified circumstances specified in the agreements. The Company may at any time and from time to time purchase the 2016 Convertible Bonds at any price in the open market or otherwise. Bondholders may convert their bonds into ordinary shares at any time on or after August 17, 2016. 3,778,881,081 conversion shares will be issued upon full conversion of the 2016 Convertible Bonds based on the conversion price of HK$9.25 with a fixed exchange rate of 7.7677HK$/US$. Upon the occurrence of a change of control of the Company, the bondholders will have the right, at such holder’s option, to require the Company to redeem all or some only of such holder’s bonds on the change of control put date at their principal amount of the 2016 Convertible Bonds.

Bonds payable

Bonds payable	12 Months Ended
	Dec. 31, 2018
Bonds payable
Bonds payable	32. Bonds payable On October 7, 2014, the Company issued 5-year unsecured corporate bonds for a total amount of US$500.0 million. The corporate bonds carry a coupon interest rate of 4.125% with bond interest payable semi-annually on March 31 and September 30. As at the date of issue, the net book value of the liabilities amounted to US$491.2 million after the deduction of (1) a discount of US$5.2 million and (2) issue expenses of US$3.6 million. USD’000 Principal amount 500,000 Discount of bonds payable (5,185) Transaction cost (3,634) Bonds payable as at the date of issue 491,181 The movement of the corporate bonds for the year ended December 31, 2018 is set out below: USD’000 Balance at December 31, 2015 493,207 Interest charged 22,327 Interest payable recognized (20,625) Balance at December 31, 2016 494,909 Interest charged 22,405 Interest payable recognized (20,625) Balance at December 31, 2017 496,689 Interest charged 22,487 Interest payable recognized (20,625) Balance at December 31, 2018 498,551

Medium-term notes

Medium-term notes	12 Months Ended
	Dec. 31, 2018
Medium-term notes
Medium-term notes	33. Medium-term notes On June 8, 2016, the Company issued the three- year medium-term notes of RMB1,500.0 million (approximately US$226.2 million) through National Association of Financial Market Institutional Investors (“NAFMII”). The medium-term notes carry a coupon interest rate of 3.35% per annum with interest due annually on June 8, 2017, June 8, 2018 and June 10, 2019. As at the date of issue, the net book value of the liabilities of medium-term notes amounted to RMB1,485.2 million (approximately US$223.9 million). USD’000 Principal amount 226,162 Transaction cost (2,226) Notes payable as at the date of issue 223,936 The movement of the medium-term notes for the period ended December 31, 2018 is set out below: USD’000 As at the date of issue 223,936 Interest charged during 4,625 Interest payable recognized (4,225) Foreign exchange gain (9,834) Balance at December 31, 2016 214,502 Interest charged during 8,185 Interest payable recognized (7,450) Foreign exchange loss 13,246 Balance at December 31, 2017 228,483 Interest charged during 8,335 Interest payable recognized (7,593) Foreign exchange gain (10,978) Balance at December 31, 2018 218,247

Deferred government funding

Deferred government funding	12 Months Ended
	Dec. 31, 2018
Deferred government funding
Deferred government funding	34. Deferred government funding Government funding under specific R&D projects The Group received government funding (including those with primary condition that the Group should purchase, construct or otherwise acquire non-current assets) of US$265.0 million, US$178.3 million and US$181.1 million and recognized US$105.3 million US$82.2 million and US$52.5 million as reductions of certain R&D expenses in 2018, 2017 and 2016 for several specific R&D projects respectively. The government funding is recorded as a liability upon receipt and recognized as reduction of depreciation over the useful life of R&D equipment and of R&D expenses until the milestones specified in the terms of the funding have been reached. Government funding for specific intended use The Group received government funding of US$51.7 million, US$51.6 million and US$21.2 million in 2017, 2016 and 2015, respectively. The Group recognized US$19.5 million, US$24.2 million and US$11.6 million as reduction of interest expense (Note 8) and recognized US$32.2 million, US$27.4 million and US$9.5 million as other operating income (Note 7) in 2018, 2017 and 2016, respectively. The government funding is recorded as a liability upon receipt and recognized as reduction of interest expense or as other operating income until the requirements (if any) specified in the terms of the funding have been reached

Trade and other payables

Trade and other payables	12 Months Ended
	Dec. 31, 2018
Trade and other payables
Trade and other payables	35. Trade and other payables 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Trade payables 823,443 837,843 781,161 Deposit received 38,713 54,895 41,324 Other payable 102,704 114,686 75,121 964,860 1,007,424 897,606 Trade payables are non-interest bearing and are normally settled on 30-dayto 60-day terms. As of December 31, 2018, 2017 and 2016, trade payables were US$823.4 million, US$837.8 million and US$781.2 million, within which the payables for property, plant and equipment were US$461.6 million, US$506.7 million and US$483.0 million, respectively. The following is an aged analysis of accounts payable presented based on the invoice date at the end of the reporting period. 12/31/18 12/31/17 12/31/16 Age of payables USD’000 USD’000 USD’000 Within 30 days 657,172 658,804 630,896 31–60 days 50,815 68,358 43,984 Over 60 days 115,456 110,681 106,281 823,443 837,843 781,161 The carrying amounts of trade and other payables are considered to be the same as their fair values, due to their short-term nature.

Accrued liabilities

Accrued liabilities	12 Months Ended
	Dec. 31, 2018
Accrued liabilities
Accrued liabilities	36. Accrued liabilities The amounts of accrued liabilities as of December 31, 2018, 2017 and 2016 were US$164.6 million, US$180.9 million and US$230.5 million, within which the amounts of accrued payroll expenses were US$73.7 million, US$116.7 million and US$163.6 million, respectively.

Share-based payments

Share-based payments	12 Months Ended
	Dec. 31, 2018
Share-based payments
Share-based payments	37. Share-based payments Stock incentive plans The Company’s stock incentive plans allow the Company to offer a variety of incentive awards to employees, consultants or external service advisors of the Group. Stock option plan The options are granted at the fair market value of the Company’s ordinary shares and expire 10 years from the date of grant and vest over a requisite service period of four years. The fair value of each option granted is estimated on the date of grant using the Black-Scholes option pricing model, taking into account the terms and conditions upon which the share options were granted. Restricted share units (“RSUs”) The Company adopted the Equity Incentive Plan (“EIP”) whereby the Company provided additional incentives to the Group’s employees, directors and external consultants through the issuance of restricted shares, RSUs and stock appreciation rights to the participants at the discretion of the Board of Directors. The RSUs vest over a requisite service period of 4 years and expire 10 years from the date of grant. The fair value of each RSU granted is estimated on the date of grant using the Black-Scholes option pricing model, taking into account the terms and conditions upon which the instruments were granted. Share option plan for subsidiaries (“Subsidiary Plan”) The options granted under the Subsidiary Plan shall entitle a participant of the Subsidiary Plan to purchase a specified number of subsidiary shares during a specified period at the price fixed by the relevant subsidiary committee at the time of grant or by a method specified by the relevant subsidiary committee at the time of grant and expire 10 years from the date of grant. The options vest over a requisite service period of four years. The fair value of each option granted is estimated on the date of grant using the Black-Scholes option pricing model, taking into account the terms and conditions upon which the share options were granted. The expense recognized for employee services received during the year is shown in the following table: Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Expense arising from equity-settled share-based payment transactions 11,661 18,214 14,210 Movements during the year (i) The following table illustrates the number and weighted average exercise prices (“WAEP”) of, and movements in, share options during the year (excluding Restricted Share Units (“RSUs”) and share option plan for subsidiaries (“Subsidiary Plan”): 2018 2018 2017 2017 2016 2016 Number WAEP Number WAEP Number* WAEP* Outstanding at January 1 52,881,278 US$ 0.83 72,482,764 US$ 0.82 100,295,578 US$ 0.82 Granted during the period 19,344,334 US$ 1.33 6,071,477 US$ 1.14 2,076,652 US$ 0.92 Forfeited and expired during the period (8,879,102) US$ 1.13 (3,842,461) US$ 1.33 (6,430,431) US$ 1.16 Exercised during the period (11,738,316) US$ 0.68 (21,830,502) US$ 0.78 (23,459,035) US$ 0.75 Outstanding at December 31 51,608,194 US$ 1.00 52,881,278 US$ 0.83 72,482,764 US$ 0.82 Exercisable at December 31 25,796,944 US$ 0.79 39,511,002 US$ 0.78 50,708,535 US$ 0.77 As at December 31, 201 8 , the 25 , 796 , 944 outstanding share options were exercisable (December 31, 201 7 : 39,511,002 and December 31 201 6 : 50,708,535*). The weighted average remaining contractual life for the share options outstanding as at December 31, 2018 was 5.66 years (2017: 5.21 years and 2016: 5.29 years). The range of exercise prices for options outstanding at the end of the year was from US$0.34 to US$1.34 (2017: from US$0.23 to US$1.38 and 2016: from US$0.23* to US$1.48*). The weighted average closing price of the Company’s shares immediately before the dates while the share options were exercised was US$1.12 (2017: US$1.44 and 2016: US$1.24*). During the year ended December 31, 2018, share options were granted on May 23, 2018, September 13, 2018 and November 19, 2018. The fair values of the options determined at the dates of grant using the Black-Scholes Option Pricing model were US$0.50, US$0.73 and US$0.38, respectively. During the year ended December 31, 2017, share options were granted on April 5, 2017, May 22, 2017 and September 7, 2017. The fair values of the options determined at the dates of grant using the Black-Scholes Option Pricing model were US$0.56, US$0.42 and US$0.40, respectively. During the year ended December 31, 2016, share options were granted on May 25, 2016, September 12, 2016 and November 18, 2016. The fair values of the options determined at the dates of grant using the Black-Scholes Option Pricing model were US$0.36*, US$0.42* and US$0.52*, respectively. The following table list the inputs to the Black-Scholes Option Pricing models used for the option granted during the years ended December 31, 2018, 2017 and 2016, respectively: Dividend yield (%) — — — Expected volatility 40.16 % 42.80 % 44.80 % Risk-free interest rate 2.84 % 1.84 % 1.39 % Expected life of share options 5 years 6 years 6 years The risk-free rate for periods within the contractual life of the option is based on the yield of the US Treasury Bond. The expected term of options granted represents the period of time that options granted are expected to be outstanding. Expected volatilities are based on the average volatility of the Company’s stock prices with the time period commensurate with the expected term of the options. The dividend yield is based on the Company’s intended future dividend plan. The valuation of the options are based on the best estimates from Company by taking into account a number of assumptions and is subject to limitation of the valuation model. Changes in variables and assumptions may affect the fair value of these options. * The number, price and fair value of share options for 2016 have been adjusted to reflect the impact of the share consolidation, on the basis that every ten ordinary shares and preferred shares of US$0.0004 each consolidated into one ordinary share and preferred share of US$0.004 each, which was accounted for as a reverse stock split effective on December 7, 2016. (ii) The following table illustrates the number and weighted average fair value (“WAFV”) of, and movements in, RSUs during the year (excluding stock option plan and Subsidiary Plan): 2018 2018 2017 2017 2016 2016 Number WAFV Number WAFV Number* WAFV* Outstanding at January 1 28,701,097 US$ 1.05 26,489,152 US$ 0.98 30,451,268 US$ 0.99 Granted during the period 8,068,466 US$ 1.27 14,055,477 US$ 1.11 8,738,247 US$ 0.86 Forfeited during the period (4,582,729) US$ 1.07 (950,412) US$ 1.04 (1,124,847) US$ 0.98 Exercised during the period (12,333,620) US$ 1.03 (10,893,120) US$ 0.97 (11,575,516) US$ 0.91 Outstanding at December 31 19,853,214 US$ 1.12 28,701,097 US$ 1.05 26,489,152 US$ 0.98 As at December 31, 2018, the number of outstanding RSUs granted 19,853,214 (December 31, 2017: 28,701,097 and December 31, 2016: 26,489,152*). The weighted average remaining contractual life for the RSUs outstanding as at December 31, 2018 was 8.29 years (2017: 8.51 years and 2016: 8.37 years). The weighted average closing price of the Company’s shares immediately before the dates on which the RSUs were exercised was US$1.33 (2017: US$1.29 and 2016: US$0.83*). During the year ended December 31, 2018, RSUs were granted on May 23, 2018, September 13, 2018 and November 19, 2018. The fair values of the RSUs determined at the dates of grant using the Black-Scholes Option Pricing model were US$1.30, US$1.09 and US$0.87, respectively. During the year ended December 31, 2017, RSUs were granted on April 5, 2017, May 22, 2017, September 7, 2017 and December 7, 2017. The fair values of the RSUs determined at the dates of grant using the Black-Scholes Option Pricing model were US$1.24, US$1.09 US$1.01,and US$1.31, respectively. During the year ended December 31, 2016, RSUs were granted on May 25, 2016, September 12, 2016 and November 18, 2016. The fair values of the RSUs determined at the dates of grant using the Black-Scholes Option Pricing model were US$0.82*, US$1.11* and US$1.39*, respectively. The following table list the inputs to the models used for the plans for the years ended December 31, 2018, 2017 and 2016, respectively: Dividend yield (%) — — — Expected volatility 39.77 % 39.45 % 39.66 % Risk-free interest rate 2.54 % 1.24 % 0.9 % Expected life of share options 2 years 2 years 2 years The risk-free rate for periods within the contractual life of the RSUs is based on the yield of the US Treasury Bond. The expected term of RSUs granted represents the period of time that RSUs granted are expected to be outstanding. Expected volatilities are based on the average volatility of the Company’s stock prices with the time period commensurate with the expected term of the RSUs. The dividend yield is based on the Company’s intended future dividend plan. The valuation of the RSUs is based on the best estimates from Company by taking into account a number of assumptions and is subject to limitation of the valuation model. Changes in variables and assumptions may affect the fair value of these RSUs. * The number and fair value of RSUs for 2016 have been adjusted to reflect the impact of the share consolidation, on the basis that every ten ordinary shares and preferred shares of US$0.0004 each consolidated into one ordinary share and preferred share of US$0.004 each, which was accounted for as a reverse stock split effective on December 7, 2016. (iii) The following table illustrates the number and weighted average exercise prices (“WAEP”) of, and movements in, share options of the Subsidiary Plan during the year (excluding stock option plan and RSUs): 2018 2018 2017 2017 2016 2016 Number WAEP Number WAEP Number WAEP Outstanding at January 1 14,918,802 US$ 0.20 14,598,750 US$ 0.19 7,000,000 US$ 0.06 Granted during the year 7,349,500 US$ 0.36 1,598,750 US$ 0.31 7,698,750 US$ 0.31 Forfeited and expired during the period (2,029,167) US$ 0.29 (934,948) US$ 0.05 (100,000) US$ 0.05 Exercised during the year (192,500) US$ 0.36 (343,750) US$ 0.25 — — Outstanding at December 31 20,046,635 US$ 0.25 14,918,802 US$ 0.20 14,598,750 US$ 0.19 Exercisable at December 31 10,333,724 US$ 0.17 7,079,401 US$ 0.15 3,297,135 US$ 0.07 The weighted average remaining contractual life for the share options outstanding as at December 31, 2018 was 7.9 years (2017: 8.3 years and 2016: 9.2 years). The range of exercise prices for options outstanding at the end of the year was from US$0.05 to US$0.36 (2017: from US$0.05 to US$0.31 and 2016: from US$0.05 to US$0.31). During the year ended December 31, 2018, share options of the Subsidiary Plan were granted on May 13, 2018. The fair values of the options of the Subsidiary Plan determined at the dates of grant using the Black-Scholes Option Pricing model was US$0.19. During the year ended December 31, 2017, share options of the Subsidiary Plan were granted on August 9, 2017. The fair values of the options of the Subsidiary Plan determined at the dates of grant using the Black-Scholes Option Pricing model were US$0.11. During the year ended December 31, 2016, share options of the Subsidiary Plan were granted on December 27, 2016. The fair values of the options of the Subsidiary Plan determined at the dates of grant using the Black-Scholes Option Pricing model were US$0.14. The following table list the inputs to the Black-Scholes Option Pricing models used for the option of the Subsidiary Plan granted during the years ended December 31, 2018: Dividend yield (%) — — — Expected volatility 53.0 % 32.0 % 41.5 % Risk-free interest rate 2.70 % 1.90 % 2.10 % Expected life of share options 6 years 6 years 3 years The risk-free rate for periods within the contractual life of the option of the Subsidiary Plan is based on the yield of the US Treasury Bond. The expected term of options of the Subsidiary Plan granted represents the period of time that options of the Subsidiary Plan granted are expected to be outstanding. Expected volatilities are based on the average volatility of the relevant subsidiary’s set of public comparables with the time period commensurate with the expected term of the options. The dividend yield is based on the relevant subsidiary’s intended future dividend plan. The valuation of the options of the Subsidiary Plan are based on the best estimates from the relevant subsidiary by taking into account a number of assumptions and is subject to limitation of the valuation model. Changes in variables and assumptions may affect the fair value of these options.

Risk Management

Risk Management	12 Months Ended
	Dec. 31, 2018
Risk Management
Risk Management	38. Risk Management Capital management The Group manages its capital to ensure that entities in the Group will be able to continue as going concerns while maximizing the return to stakeholders through the optimization of the capital structure. The capital structure of the Group consists of net debt (debt as detailed in Note 30, Note 31, Note 32 and Note 33 offset by cash and cash equivalent) and equity of the Group. The Group manages its capital through issuing/repurchasing shares and raising/repayment of debts and reviews the capital structure on a semi-annual basis. As part of this review, the Group considers the cost of capital and the risks associates with each class of capital. The Group will balance its overall capital structure through the payment of dividends, new share issues and share buy-backs as well as the issue of new debt or the redemption of existing debt. The gearing ratio at end of the reporting period was as follows. 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Debt* 3,426,158 3,313,048 3,025,283 Cash and cash equivalent (1,786,420) (1,838,300) (2,126,011) Financial assets at fair value through profit or loss - current (41,685) — — Financial assets at amortized cost (1,996,808) — — Other financial assets - current — (683,812) (31,543) Net debt (398,755) 790,936 867,729 Equity 8,923,580 6,721,335 5,403,227 Net debt to equity ratio –4.5 % 11.8 % 16.1 % * Debt is defined as long-term and short-term borrowings (excluding derivatives), convertible bonds, short-term and medium-term note s , and bonds payables as described in Note 3 0 , Note 3 1 , Note 3 2 and Note 3 3 . Financial risk management The Group’s corporate treasury function co-ordinates access to domestic and international financial markets, monitors and manages the financial risks relating to the operations of the Group through internal risk reports which analyze exposures by degree and magnitude of risks. These risks include market risk including currency risk, interest rate risk and other price risk, credit risk and liquidity risk. The Group seeks to minimize the effects of these risks by using derivative financial instruments to hedge risk exposures. The use of financial derivatives is governed by the Group’s policies approved by the board of directors, which provide written principles on foreign exchange risk, interest rate risk, credit risk, the use of financial derivatives and non-derivative financial instruments, and the investment of excess liquidity. Compliance with policies and exposure limits is reviewed on continuous basis. The Group does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes. Market risk The Group’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The Group enters into a variety of derivative financial instruments to manage its exposure to foreign currency risk and interest rate risk, including: · forward foreign exchange contracts to hedge the exchange rate risk arising on the import from suppliers; · interest rate swaps to mitigate the risk of rising interest rates; and · cross-currency interest rate swap contracts to protect against volatility of future cash flows caused by the changes in both interest rates and exchange rates associated with outstanding long-term debt denominated in a currency other than the US dollar. Market risk exposures are measured using the sensitivity analysis and the analysis in the following sections relate to the position as at December 31, 2018, 2017 and 2016. There has been no change to the Group’s exposure to market risks or the manner in which these risks are managed and measured. Foreign currency risk management The Group undertakes transactions denominated in foreign currencies, consequently, exposures to exchange rate fluctuations arise. Exchange rate exposures are managed within approved policy parameters utilizing forward foreign exchange contracts. The carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities at the end of the reporting period are as follows: Liabilities Assets 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 EUR 50,601 125,171 112,827 37,800 72,181 39,619 JPY 54,166 30,422 41,976 41,589 29,245 35,237 RMB 2,757,762 2,410,284 2,714,492 2,989,434 1,765,846 1,633,433 Others 51,829 43,824 27,083 905 8,688 3,860 Foreign currency sensitivity analysis The Group is mainly exposed to the currency of RMB, Japanese Yen (“JPY”) and Euros (“EUR”). The following table details the Group’s sensitivity to a 5% increase in the foreign currencies against USD. 5% represents management’s assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the period end for a 5% change in foreign currency rates. For a 5% decrease of the foreign currency against USD, there would be an equal and opposite impact on the profit or equity below predicted. EUR JPY RMB Others USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Profit or loss (640) (2,650) (3,660) (662) (62) (355) 12,193 (33,918) (6,611) (2,679) (1,848) (1,222) Equity (640) (2,650) (3,660) (662) (62) (355) 12,193 (33,918) (6,611) (2,679) (1,848) (1,222) Forward foreign exchange contracts It is the policy of the Group to enter into forward foreign exchange contracts to cover specific foreign currency payments and receipts within the exposure generated. The Group also enters into forward foreign exchange contracts to manage the foreign currency exposure from purchases/sales and financing activities. The following table details the forward foreign currency (“FC”) contracts outstanding at the end of the reporting period: Average exchange rate Foreign currency Notional value Net Fair value assets (liabilities) 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 FC’000 FC’000 FC’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Buy EUR Less than 3 months — 1.2019 — — 2,080 — — 2,500 — — (2) — Buy RMB Less than 3 months — 6.7622 — — 648,364 — — 95,881 — — 2,111 — — 98,381 — — 2,109 — The Group does not enter into foreign currency exchange contracts for speculative purposes. Cross currency swap contracts It is the policy of the Group to enter into cross currency swap contracts to protect against volatility of future cash flows caused by the changes in exchange rates associated with outstanding debt denominated in a currency other than the US dollar. In 2018, 2017 and 2016, the Group entered into or issued several RMB denominated loan facility agreements, short-term notes and medium-term notes (the “RMB Debts”) in the aggregate principal amount of RMB3,321.5 million, RMB3,714.0 million and RMB5,447.0 million (approximately US$484.0 million, US$568.4 million and US$782.5 million), respectively. In addition, the Group held several RMB denominated financial assets at amortized cost (the “RMB Assets”) in the aggregate principal amount of RMB2,130.1 million (approximately US$258.0 million). The Group was primarily exposed to changes in the exchange rate for the RMB. To minimize the currency risk, the Group entered into cross currency swap contracts with a contract term fully matching the repayment schedule of the whole part of these RMB Debts to protect against the adverse effect of exchange rate fluctuations arising from the RMB Debts. As of December 31, 2018, the Group had outstanding cross currency swap contracts with notional amounts of RMB9,527.5 million (approximately US$1,388.2 million, as of December 31, 2017: US$979.2 million and 2016: US$854.4 million) to buy RMB and notional amounts of RMB3,028.8 million (approximately US$441.3 million, as of December 31, 2017: nil and 2016: nil) to sell RMB. The cross currency swap contracts were designated as hedging instrument of cash flow hedges since October 2016. Any gains or losses arising from changes in fair value of cross currency swap contracts are taken directly to the statement of profit or loss, except for the effective portion of cash flow hedges, which is recognized in other comprehensive income and later reclassified to profit or loss when the hedged item affects profit or loss. During the year, US$2.3 million gain of fair value change of cross currency swap as cash flow hedges was recognized in other gains or losses, net (Note 9, 2017: US$2.2 million loss and 2016: US$15.0 million loss). The following foreign-exchange related amounts of cash flow hedges were recognized in profit or loss and other comprehensive income or loss: Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Other comprehensive income (loss) on cash flow hedges recognized during the year: Total fair value (loss) gain included in other comprehensive income (loss) (48,714) 95,185 (66,861) Reclassified from other comprehensive income (loss) to offset foreign exchange gains or losses 84,645 (60,042) 32,234 35,931 35,143 (34,627) Balance of cash flow hedges reserve at beginning of the year 516 (34,627) — Balance of cash flow hedges reserve at end of the year 36,447 516 (34,627) The following table details the cross currency swap contracts outstanding at the end of the reporting period: Average exchange rate Foreign currency Notional value Net Fair value assets (liabilities) 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 FC’000 FC’000 FC’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Buy RMB 3 months to 1 year 6.8681 6.6369 6.6592 5,852,000 1,040,000 787,000 852,663 159,163 113,450 (11,650) 3,997 (6,348) 1 year to 5 years 6.8635 6.6356 6.5830 3,675,529 5,358,000 5,140,000 535,542 819,993 740,954 (10,274) 15,679 (74,170) Sell RMB 3 months to 1 year 6.8912 — — 3,028,809 — — 441,312 — — (1,573) — — 1,829,517 979,156 854,404 (23,497) 19,676 (80,518) The Group does not enter into cross currency swap contracts for speculative purposes. Interest rate risk The Group is exposed to interest rate risk relates primarily to the Group’s long-term debt obligations, which the Group generally assumes to fund capital expenditures and working capital requirements. The risk is managed by the Group by maintaining an appropriate mix between fixed and floating rate borrowings, and by the use of interest rate swap contracts and cross currency swap contracts. The Group’s exposures to interest rates on financial assets and financial liabilities are detailed in the liquidity risk management section of this note. Interest rate sensitivity analysis The sensitivity analyses below have been determined based on the exposure to interest rates for both derivatives and non-derivative instruments at the end of the reporting period. For floating rate liabilities, the analysis is prepared assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 10 basis point increase or decrease represents management’s assessment of the reasonably possible change in interest rates. If interest rates had been 10 basis points higher and all other variables were held constant, the Group’s profit for the year ended December 31, 2018 would increase by US$0.9 million (2017: profit decrease by US$0.4 million and 2016: profit decrease by US$0.5 million). This is mainly attributable to the Group’s exposure to interest rates on its variable rate borrowings. Price risk The group’s exposure to equity securities price risk arises from investments held by the group and classified in the balance sheet as at fair value through profit or loss (Note 21). To manage its price risk arising from investments in equity securities, the group diversifies its portfolio. Diversification of the portfolio is done in accordance with the limits set by the group. Credit risk Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group is mainly exposed to credit risk from trade receivables, other financial assets at amortized cost and financial assets at FVPL. Customer credit risk is managed by each business unit subject to the Group’s established policy, procedures and control relating to customer credit risk management. It is the Group’s policy that all customers who wish to trade on credit terms are subject to credit verification procedures and is offered credit terms only with the approval from Finance and Sales Division. Credit quality of a customer is assessed using publicly available financial information and its own trading records to rate its major customers. The Group’s exposure and credit ratings of its counterparties are continuously monitored. In addition, receivable balances are monitored on an ongoing basis with the result that the Group’s exposure to bad debts is not significant. Trade receivables consist of a large number of customers, spread across diverse industries and geographical areas. Apart from Customers A, B, C and D, four largest customers of the Group, the Group does not have significant credit risk exposure to any single counterparty or any group of counterparties having similar characteristics. The Group defines counterparties as having similar characteristics if they are related entities. Concentration of credit risk related to Customers A, B, C and D did not exceed 2%, 2%, 1% and 1% respectively of gross monetary assets at the end of current year. Concentration of credit risk to any other counterparty did not exceed 1% of gross monetary assets at the end of current year. Net revenue and accounts receivable for customers which accounted for 10% or more of the Group’s net sales and gross accounts receivable is disclosed in Note 6. Trade receivables The group applies the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The loss allowance as at December 31, 2018 and January 1, 2018 (on adoption of IFRS 9) was determined as follows for trade receivables: Current 31–60 days 61–90 days 91–120 days Over 120 days Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Expected loss rate % % % % % Trade receivables Allowance on doubtful trade receivables Current 31–60 days 61–90 days 91–120 days Over 120 days Total January 1, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Expected loss rate % % % % % Trade receivables Allowance on doubtful trade receivables The closing allowance on doubtful trade receivables as at December 31, 2018 reconcile to the opening balance as follows: 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Balance at beginning of the year 1,335 1,491 41,976 Addition in allowance on doubtful trade receivables 964 301 201 Amounts written off during the year as uncollectible — (19) (39,083) Reversal of allowance on doubtful trade receivables (27) (438) (1,603) Reclassified as held-for-sale (117) — — Balance at end of the year 2,155 1,335 1,491 Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments for a period of greater than 180 days past due. Other financial assets at amortized cost Other financial assets at amortized cost include bank deposits will mature over 3 months, debentures, refundable deposits and other receivables. The main credit risk on bank deposits will mature over 3 months is limited because the counterparties are banks with high credit-ratings. All of the Group’s financial assets at amortized cost are considered to have low credit risk as no significant increase in credit risk since the initial recognition. Based on the assessment, the loss allowance recognized during the year for other financial assets at amortized cost was immaterial to 12 months expected losses. Thus there were no loss allowance for other financial assets at amortized cost as at December 31, 2018 and as at December 31, 2017 reconciles to the opening loss allowance on January 1, 2018. Financial assets at fair value through profit or loss The Group is also exposed to credit risk in relation to financial assets that are measured at fair value through profit or loss. The maximum exposure at the end of the year is the carrying amount of these investments, amounted to US$97.2 million. Liquidity risk The Group manages liquidity risk by maintaining adequate cash reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. Liquidity and interest risk tables The following tables detail the Group’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. The tables include both interest and principal cash flows. To the extent that interest flows are floating rate, the undiscounted amount is derived from interest rate curves at the end of the reporting period. The contractual maturity is based on the earliest date on which the Group may be required to pay. Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+years Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Interest-bearing bank and Fixed 2.26 % 2,192 124,797 282,735 270,316 680,040 other borrowings Floating 2.70 % 215,561 190,894 1,050,020 161,621 1,618,096 Convertible bonds 3.79 % — — 442,500 — 442,500 Bonds payable 4.52 % — 500,000 — — 500,000 Medium-term notes 3.70 % — 226,162 — — 226,162 Trade and other payables 911,415 15,129 36,105 2,211 964,860 Other liabilities 14,570 19,670 41,820 — 76,060 Contingent consideration — — 11,948 — 11,948 1,143,738 1,076,652 1,865,128 434,148 4,519,666 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2017 USD’000 USD’000 USD’000 USD’000 USD’000 Interest-bearing bank and Fixed 3.20 % 140,338 24,757 313,497 338,632 817,224 other borrowings Floating 2.36 % 16,712 87,753 958,367 307,003 1,369,835 Convertible bonds 3.79 % — — 442,500 — 442,500 Bonds payable 4.52 % — — 500,000 — 500,000 Medium-term notes 3.70 % — — 226,162 — 226,162 Finance lease payables 3.68 % 434 1,308 4,935 — 6,677 Trade and other payables 880,795 5,492 161,169 3,004 1,050,460 Other liabilities — 20,661 64,462 — 85,123 Contingent consideration — — 12,549 — 12,549 1,038,279 139,971 2,683,641 648,639 4,510,530 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2016 USD’000 USD’000 USD’000 USD’000 USD’000 Interest-bearing bank and Fixed 2.50 % 130,728 6,729 131,474 384,382 653,313 other borrowings Floating 2.62 % 6,039 67,347 785,059 4,781 863,226 Convertible bonds 2.78%–3.79 % 393,200 — 450,000 — 843,200 Bonds payable 4.52 % — — 500,000 — 500,000 Medium-term notes 3.70 % — — 226,162 — 226,162 Short-term notes 2.99 % — 90,465 — — 90,465 Finance lease payables 3.68 % 382 1,147 6,118 — 7,647 Trade and other payables 915,840 1,353 21,706 1,654 940,553 1,446,189 167,041 2,120,519 390,817 4,124,566 The following table details the Group’s expected maturity for its non-derivative financial assets. The table has been drawn up based on the undiscounted contractual maturities of the financial assets including interest that will be earned on those assets. The inclusion of information on non- derivative financial assets is necessary in order to understand the Group’s liquidity risk management as the liquidity is managed on a net asset and liability basis. Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Trade and other receivables 837,828 — — — 837,828 Cash and cash equivalent, restricted cash* and financial assets at amortized cost 2.29 % 2,698,067 1,293,246 — — 3,991,313 Financial assets at fair value through profit or loss 41,805 — — 55,472 97,277 3,577,700 1,293,246 — 55,472 4,926,418 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2017 USD’000 USD’000 USD’000 USD’000 USD’000 Trade and other receivables 616,308 — — — 616,308 Cash and cash equivalent, restricted cash* & short-term investments 1.25 % 2,231,089 276,723 116,282 — 2,624,094 Available for sale financial assets — — — 24,844 24,844 2,847,397 276,723 116,282 24,844 3,265,246 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2016 USD’000 USD’000 USD’000 USD’000 USD’000 Trade and other receivables 645,822 — — — 645,822 Cash and cash equivalent, restricted cash* & short-term investments 1.19 % 2,000,717 480,379 21,125 — 2,502,221 Available for sale financial assets — — — 21,966 21,966 2,646,539 480,379 21,125 21,966 3,170,009 The amounts included above for variable interest rate instruments for both non-derivative financial assets and liabilities is subject to change if changes in variable interest rates differ to those estimates of interest rates determined at the end of the reporting period. * The above restricted cash exclude the cash received from government funds. The Group has access to short-term financing facilities as described in below section, of which US$2,518.5 million were unused at the end of the reporting period (2017: US$1,810.2 million and 2016: US$1,873.8 million). The Group expects to meet its other obligations from operating cash flows and proceeds of maturing financial assets. The following table details the Group’s liquidity analysis for its derivative financial instruments. The table has been drawn up based on the undiscounted contractual net cash inflows and outflows on derivative instruments that settle on a net basis, and the undiscounted gross inflows and outflows on those derivatives that require gross settlement. When the amount payable or receivable is not fixed, the amount disclosed has been determined by reference to the projected interest rates as illustrated by the yield curves at the end of the reporting period. Less than 3 months above 3 months to 1 year 1–5 years 5 years Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Cross currency swap contracts— cash flow hedges Gross settled: — inflows — 607,595 508,984 — 1,116,579 — (outflows) — (613,270) (528,383) — (1,141,653) Net settled: — net inflows (8,783) — (738) — (9,521) Cross currency swap contracts Gross settled: — inflows — 262,652 — — 262,652 — (outflows) — (261,472) — — (261,472) (8,783) (4,495) (20,137) — (33,415) Less than 3 months above 3 months to 1 year 1–5 years 5 years Total December 31, 2017 USD’000 USD’000 USD’000 USD’000 USD’000 Cross currency swap contracts— cash flow hedges Gross settled: — inflows — 37,703 512,067 — 549,770 — (outflows) — (34,254) (480,984) — (515,238) Net settled: — net outflows — 2,854 20,730 — 23,584 — 6,303 51,813 — 58,116 Less than 3 months above 3 months to 1 year 1–5 years 5 years Total December 31, 2016 USD’000 USD’000 USD’000 USD’000 USD’000 Cross currency swap contracts— cash flow hedges Gross settled: — inflows — 71,120 403,265 — 474,385 — (outflows) — (72,872) (396,332) — (469,204) Net settled: — net inflows — (1,355) (1,475) — (2,830) — (3,107) 5,458 — (2,830)

Cash flow information

Cash flow information	12 Months Ended
	Dec. 31, 2018
Cash flow information
Cash flow information	39. Cash flow information Reconciliation of liabilities arising from financing activities Net cash flows Reclassified Foreign Other in financing as held- exchange non-cash 12/31/2017 activities for-sale gain movement (1) 12/31/2018 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Short-term borrowings 308,311 (108,348) — (7,765) — 192,198 Long-term borrowings 1,876,236 353,998 (58,467) (73,197) — 2,098,570 Convertible bonds 403,329 — — — 15,263 418,592 Bonds payable 496,689 — — — 1,862 498,551 Medium-term notes 228,483 — — (10,978) 742 218,247 Currency swap contracts classified as derivative financial instruments as assets — cash flow hedges (22,337) — — — 15,646 (6,691) Currency swap contracts classified as derivative financial instruments as Liabilities — cash flow hedges 2,661 — — — 28,685 31,346 3,293,372 245,650 (58,467) (91,940) 62,198 3,450,813 Net cash flows Conversion Foreign Other in financing options exchange non-cash 12/31/2016 activities exercised loss movement (1) 12/31/2017 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Short-term borrowings 176,957 127,715 — 3,639 — 308,311 Long-term borrowings 1,265,811 529,928 — 80,497 — 1,876,236 Convertible bonds 786,611 — (399,099) — 15,817 403,329 Bonds payable 494,909 — — — 1,780 496,689 Medium-term notes 214,502 — — 13,246 735 228,483 Short-term notes 86,493 (87,858) — 1,365 — — Currency swap contracts classified as other financial assets — — — — (22,337) (22,337) Currency swap contracts classified as other financial liabilities 80,518 — — — (77,857) 2,661 3,105,801 569,785 (399,099) 98,747 (81,862) 3,293,372 (1) Other non-cash movements were accrued interest expenses for bonds and notes and fair value change of currency swap contracts. Non-cash investing activities The acquisition of tangible and intangible assets by means of long-term payables amounted to zero and US$97.6 million in 2018 and 2017, respectively.

Related party transactions

Related party transactions	12 Months Ended
	Dec. 31, 2018
Related party transactions
Related party transactions	40. Related party transactions The names of the related parties which had transactions with the Group for the year ended December 31, 2018 and the relationships with the Group are disclosed below: Related party name Relationship with the Group Datang Microelectronics Technology Co., Ltd A subsidiary of Datang Group Datang Semiconductor Co., Ltd. A subsidiary of Datang Group Leadcore Technology Co., Ltd and Leadcore Technology (Hong Kong) Co., Ltd (“Leadcore”) A subsidiary of Datang Group Datang Telecom Group Finance Co., Ltd (“Datang Finance”) A subsidiary of Datang Group Brite Semiconductor (Shanghai) Corporation and its subsidiaries (“Brite”) An associate of the Group China Fortune-Tech Capital Co., Ltd (“China Fortune-Tech”) An associate of the Group Zhongxin Xiecheng Investment (Beijing) Co., Ltd (“Zhongxin Xiecheng”) An associate of the Group Jiangsu Changjiang Electronics Technology Co., Ltd (“JCET”) and its subsidiaries An associate of the Group Sino IC Leasing Co., Ltd (“Sino IC Leasing”) An associate of the Group Semiconductor Manufacturing Electronics (Shaoxing) Corp. (“SMEC”) An associate of the Group Ningbo Semiconductor International Corporation (”NSI”) An associate of the Group Trading transactions During the year, group entities entered into the following trading transactions with related parties that are not members of the Group: Sale of goods Sale of services Year ended Year ended 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Datang Microelectronics Technology Co., Ltd (1) 9,783 15,667 14,146 — — — Datang Semiconductor Co., Ltd (1) 117 535 464 — — — Leadcore (1) 2,018 3,960 3,267 — — — Toppan — — — 4,050 3,896 3,481 Brite 33,568 44,212 31,506 — — — JCET and its subsidiaries 64 17 — 89 48 — SMEC 11,346 — — — — — NSI 862 — — 2,128 — — China Fortune-Tech — — — — — 65 Purchase of goods Purchase of services Year ended Year ended 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Datang Microelectronics Technology Co., Ltd (1) — — — 106 — — Toppan 7,277 11,275 8,869 32 59 856 Zhongxin Xiecheng — — — — — 4 Brite — — 25 96 2,016 2,887 China Fortune-Tech — — — 352 959 313 Datang Finance (1) — — — — — 15 JCET and its subsidiaries 9,923 1,778 1,097 819 620 1,189 Sino IC Leasing (1) — — — 87,071 51,739 — Sale of equipment Grant of licensing Year ended Year ended 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Sino IC Leasing (2) 306,750 661,455 249,162 — — — SMEC (3) 68,829 — — 163,845 — — The following balances were outstanding at the end of the reporting period: Amounts due from related Amounts due to related parties parties 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Datang Microelectronics Technology Co., Ltd 3,379 4,279 6,354 — — — Datang Semiconductor Co., Ltd 10 302 — — — — Leadcore 936 — — — — — Toppan 2,365 670 615 737 888 2,414 Brite 10,775 12,951 6,507 — — 279 JCET and its subsidiaries 47 21 — 948 3 736 SMEC 104,506 — — — — — NSI 2,922 — — — — — China Fortune-Tech — — 38 — — — Sino IC Leasing (4) 44,702 — — — — — (1) The related party transactions in respect of (1) above constituted non-exempt continuing connected transactions as defined in Chapter 14A of the Listing Rules. Details are disclosed from Page 96 to Page 132 Non-exempt Continuing Connect Transactions. The other party transactions did not constitute non-exempt continuing connected transaction under Chapter 14A of the Listing Rules. (2) Several batches of production equipment of the Group was sold and leased back under the below arrangements: In July 2018, there were four arrangements in consideration of US$306.8 million entered into by the Group with Xinhe Leasing (Tianjin) Co., Ltd. (a wholly-owned subsidiary of Sino IC Leasing) in the form of a sale and leaseback transaction with a repurchase option. In July 2017, there were seven arrangements in total consideration of US$410.8 million US$410.8 million entered into by the Group with Xincheng Leasing (Tianjin) Co., Ltd, Xindian Leasing (Tianjin) Co., Ltd and Xinlu Leasing (Tianjin) Co., Ltd. (the three leasing companies are wholly-owned subsidiaries of Sino IC Leasing) respectively, in the form of a sale and leaseback transaction with a repurchase option. In February 2017 and December 2016, there were three and two arrangements in consideration of US$250.6 and US$249.2 million respectively, entered into by the Group with Sino IC Leasing (Tianjin) Co., Ltd. (a wholly-owned subsidiary of Sino IC Leasing) in the form of a sale and leaseback transaction with a repurchase option. As the repurchase prices are set at the expected fair value and the Group is not reasonably certain that it will exercise the repurchase options, the above transactions have been accounted for a disposal of property, plant and equipment followed with an operating lease. The total future minimum lease payments under the lease arrangements please refer to Note 41. (3) In 2018, the technology licensing internally developed and not capitalized was authorized to SMEC with the revenue of US$163.8 million and no related cost of sales recognized by the Group. (4) On July 6, 2018 and August 10, 2018, SMIC Beijing has respectively subscribed for, an amount of RMB200.0 million (approximately US$30.2 million) and RMB100.0 million (approximately US$14.6 million) out of the total issue of an aggregate principal amount of RMB500.0 million of the oriented debt financing instrument issued by Sino IC Leasing, which was recorded as financial assets at amortized cost. Compensation of key management personnel Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly, including directors of the Company. The remuneration of key management personnel during the year are as follows: year ended year ended year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Salaries, bonus and benefits 3,973 4,853 4,921 Equity-settled share-based payments 2,390 8,264 2,762 6,363 13,117 7,683 The remuneration of key management personnel is determined by the Compensation Committee having regard to the Group’s profitability, business achievement, individual performance and market trends. Arrangements/contracts for sale of self-developed living quarter unit In January 2018, the Group sold self-developed living quarter unit amounted to US$1.2 million to one director of the Company. In May 2018, the Group entered into arrangement/contracts with key management of the company for sale of self-developed living quarter unit and the amount of the consideration was approximately US$1.1 million. The transaction was not completed in March 2019. In July 2018, the Group entered into arrangement/contracts with one one director of the company for sale of self-developed living quarter unit and the amount of the consideration was approximately US$0.9 million. The transaction was not completed as of the date of this annual report. In 2016, the Group entered into arrangement/contracts with one of directors of the Company for sale of self-developed living quarter unit and the amount of the consideration is approximately US$1.0 million. The transaction was completed in March 2017.

Commitments for expenditure

Commitments for expenditure	12 Months Ended
	Dec. 31, 2018
Commitments for expenditure
Commitments for expenditure	41. Commitments for expenditure Purchase commitments As of December 31, 2018, 2017 and 2016, the Group had the following commitments to purchase machinery, equipment and construction obligations. The machinery and equipment is scheduled to be delivered to the Group’s facility by December 31, 2019. 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Commitments for the facility construction 333,211 484,468 239,759 Commitments for the acquisition of property, plant and equipment 1,209,335 476,132 800,597 Commitments for the acquisition of intangible assets 5,732 5,596 5,491 1,548,278 966,196 1,045,847 Non-cancellable operating leases The Group leases certain of its production equipment under operating lease arrangements since 2016. Leases are negotiated for terms ranging from three to five years. Please refer to Note 40 for details. At December 31, 2018, the Group had total future minimum lease payments under non-cancellable operating leases falling due as follows: 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Within one year 121,588 91,181 23,483 Later than one year but not later than five years 230,952 203,684 45,989 352,540 294,865 69,472

Financial information of parent

Financial information of parent company	12 Months Ended
	Dec. 31, 2018
Financial information of parent company
Financial information of parent company	42. Financial information of parent company (i) Statement of profit or loss Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Revenue — — — General and administration expenses (48,153) (47,354) (50,739) Loss from operations (48,153) (47,354) (50,739) Interest income 2,266 2,670 1,154 Finance costs (16,992) (14,956) (24,194) Foreign exchange losses (64,020) 63,087 (15,269) Share of profits of subsidiaries 256,750 169,880 477,510 Share of profits of associates 2,980 2,868 1,455 Other gains (losses), net 1,224 3,484 (13,287) Profit before tax 134,055 179,679 376,630 Income tax expense — — — Profit for the year 134,055 179,679 376,630 Other comprehensive income (loss) Items that may be reclassified subsequently to profit or loss Exchange differences on translating foreign operations (36,138) 21,590 (18,131) Change in value of available-for-sale financial assets — (2,356) 798 Cash flow hedges 35,931 35,143 (34,627) Share of other comprehensive income of joint ventures accounted for using the equity method — 17,646 — Other — (131) 1 Items that will not be reclassified to profit or loss Actuarial gains and losses on defined benefit plans 129 (436) 1,520 Total comprehensive income for the year 133,977 251,135 326,191 (ii) 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Assets Non-current assets Property, plant and equipment 48,168 47,090 89,404 Intangible assets 32,437 59,138 91,225 Investment in subsidiaries 5,051,780 4,779,485 4,333,604 Derivative financial instruments 5,266 — — Investments in associates 145,285 132,427 114,966 Other financial assets — 11,732 — Other assets 141,603 372,275 530,566 Total non-current assets 5,424,539 5,402,147 5,159,765 Current assets Prepayment and prepaid operating expenses 298 428 671 Trade and other receivables 28,982 29,061 24,749 Due from subsidiaries 2,027,008 1,609,556 908,716 Financial asset at amortized cost 40,000 — — Derivative financial instruments 1,323 — — Other financial assets — 95,440 3,000 Cash and cash equivalent 107,795 140,411 317,873 Total current assets 2,205,406 1,874,896 1,255,009 Total assets 7,629,945 7,277,043 6,414,774 Equity and liabilities Capital and reserves Ordinary shares, $0.004 par value, 10,000,000,000 shares authorized, 5,039,819,199, 4,916,106,889 and 4,252,922,259 shares issued and outstanding at December 31, 2018, 2017 and 2016 20,159 19,664 17,012 Share premium 4,993,163 4,827,619 4,950,948 Reserves 109,346 134,669 93,563 Retained earnings (accumulated deficit) 331,298 187,008 (910,849) 5,453,966 5,168,960 4,150,674 Perpetual subordinated convertible securities 563,848 64,073 — Total equity 6,017,814 5,233,033 4,150,674 Non-current liabilities Borrowings — 76,520 72,077 Convertible bonds 418,592 403,329 395,210 Bonds payable — 496,689 494,909 Medium-term notes — 228,483 214,502 Derivative financial instruments 8,711 — — Other financial liabilities — 1,885 60,610 Other liabilities — 520 2,560 Total non-current liabilities 427,303 1,207,426 1,239,868 Current liabilities Trade and other payables 18,033 17,489 1,683 Due to subsidiaries 351,017 804,476 522,166 Borrowings 72,852 — — Convertible bonds — — 391,401 Bonds payable 498,551 — — Medium-term notes 218,247 — — Short-term notes — — 86,493 Accrued liabilities 13,789 13,877 19,570 Derivative financial instruments 12,339 — — Other financial liabilities — 742 2,919 Total current liabilities 1,184,828 836,584 1,024,232 Total liabilities 1,612,131 2,044,010 2,264,100 Total equity and liabilities 7,629,945 7,277,043 6,414,774 (iii) Share of other Change in comprehensive value of income of Equity-settle Foreign available- Convertible Defined joint ventures Perpetual employee currency for-sale bonds benefit accounted for subordinated Ordinary Share benefits translation financial equity plan Cash flow using Accumulated convertible Total shares premium reserve reserve assets reserve reserve hedges equity method Others deficit securities equity USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Balance at December 31, 2015 16,830 4,903,861 70,459 (3,956) 447 29,564 — — — 130 (1,287,479) — 3,729,856 Profit for the year — — — — — — — — — — 376,630 — 376,630 Other comprehensive loss for the year — — — (18,131) 798 — 1,520 (34,627) — 1 — — (50,439) Total comprehensive loss for the year — — — (18,131) 798 — 1,520 (34,627) — 1 376,630 — 326,191 Exercise of stock options 140 36,064 (18,594) — — — — — — — — — 17,610 Share-based compensation — — 13,838 — — — — — — — — — 13,838 Conversion options of convertible bonds exercised during the year 42 11,023 — — — (821) — — — — — — 10,244 Recognition of equity component of convertible bonds — — — — — 52,935 — — — — — — 52,935 Subtotal 182 47,087 (4,756) — — 52,114 — — — — — — 94,627 Balance at December 31, 2016 17,012 4,950,948 65,703 (22,087) 1,245 81,678 1,520 (34,627) — 131 (910,849) — 4,150,674 Profit for the year — — — — — — — — — — 179,679 — 179,679 Other comprehensive income (losses) for the year — — — 21,590 (2,356) — (436) 35,143 17,646 (131) — — 71,456 Total comprehensive income (losses) for the year — — — 21,590 (2,356) — (436) 35,143 17,646 (131) 179,679 — 251,135 Exercise of stock options 130 35,178 (18,220) — — — — — — — — — 17,088 Share-based compensation — — 17,495 — — — — — — — — — 17,495 Conversion options of convertible bonds exercised during the year 1,556 427,168 — — — (29,625) — — — — — — 399,099 Issuance of ordinary shares 966 325,174 — — — — — — — — — — 326,140 Perpetual subordinated convertible securities — — — — — — — — — — — 64,073 64,073 Share premium reduction — (910,849) — — — — — — — — 910,849 — — Gain on transfer of business operation — — — — — — — — — — 7,329 — 7,329 Subtotal 2,652 (123,329) (725) — — (29,625) — — — — 918,178 64,073 831,224 Balance at December 31, 2017 19,664 4,827,619 64,978 (497) (1,111) 52,053 1,084 516 17,646 — 187,008 64,073 5,233,033 Change in accounting policy — — — — 1,111 — — — (17,646) — 16,535 — — Restated total equity at January 1, 2018 19,664 4,827,619 64,978 (497) — 52,053 1,084 516 — — 203,543 64,073 5,233,033 Profit for the year — — — — — — — — — — 134,055 — 134,055 Other comprehensive income (losses) for the year — — — (36,138) — — 129 35,931 — — — — (78) Total comprehensive income (losses) for the year — — — (36,138) — — 129 35,931 — — 134,055 — 133,977 Issuance of ordinary shares 474 160,404 — — — — — — — — — — 160,878 Cancellation of treasury stock (76) (19,981) — — — — — — — — — — (20,057) Exercise of stock options 97 25,121 (17,211) — — — — — — — — — 8,007 Share-based compensation — — 10,912 — — — — — — — — — 10,912 Perpetual subordinated convertible securities — — — — — — — — — — — 499,775 499,775 Distribution to perpetual subordinated convertible securities — — — — — — — — — (6,300) — (6,300) Deconsolidation of subsidiary due to loss of control — — — (1,774) — — — — — — — — (1,774) Share of other capital reserve of associates accounted for using equity method — — — — — — — — — (637) — — (637) Subtotal 495 165,544 (6,299) (1,774) — — — — — (637) (6,300) 499,775 650,804 Balance at December 31, 2018 20,159 4,993,163 58,679 (38,409) — 52,053 1,213 36,447 — (637) 331,298 563,848 6,017,814 (i) Statement of cash flow Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Operating activities Profit for the year 134,055 179,679 376,630 Adjustments for: Amortization of intangible assets and land use right 26,309 32,131 30,678 Depreciation of property, plant and equipment 13,843 10,706 8,062 Expense recognized in respect of equity-settled share-based payments 1,434 1,297 1,940 Finance costs 16,992 14,956 24,194 Interest income (2,266) (2,670) (1,154) Impairment loss recognised on property, plant and equipment 392 — — Net (gain) loss arising on financial liabilities at fair value through profit or loss (749) (3,554) 13,182 Net loss (gain) on foreign exchange 64,059 (63,087) 5,982 Share of profit of investment accounted for using equity method (259,730) (172,748) (478,965) (5,661) (3,290) (19,451) Operating cash flows before movements in working capital: Decrease (increase) in trade and other receivables 4,868 (2,374) (1,727) Decrease (increase) in prepaid operating expenses 130 243 (57) Decrease (increase) in other operating assets 5,044 (7,710) 777 Increase in trade and other payables 543 5,168 1,354 Increase (decrease) in other operating liabilities 700 (5,534) 2,818 Cash generated from (used in) operations 5,624 (13,497) (16,286) Interest paid (18,165) (21,262) (16,149) Interest received 2,769 1,347 1,135 Net cash used in operating activities (9,772) (33,412) (31,300) Investing activities Payments to acquire financial assets at fair value through profit or loss (119,200) — — Proceeds on sale of financial assets at fair value through profit or loss 212,038 — — Payments to acquire financial assets at amortised cost (40,000) — — Payments to acquire financial assets — (92,000) (6,000) Proceeds on sale of financial assets — 3,000 18,000 Investment in subsidiaries (30,000) (207,000) (550,426) Investment in associates (15,790) (15,095) (63,796) Payments for property, plant and equipment — — (52,445) Payments for intangible assets (520) (1,000) (11,526) Proceeds from disposal of available-for-sale investment — — 146 Cash paid for subsidiaries (1,842,219) (728,621) (437,437) Distributions received from associates 316 255 — Net cash used in investing activities (1,835,375) (1,040,461) (1,103,484) Financing activities Proceeds from borrowings — — 76,006 Proceeds from issuance of new shares 160,878 326,351 — Proceeds from issuance of convertible bonds — — 441,155 Proceeds from issuance of short-term and medium-term notes — — 314,422 Repayment of short-term notes — (87,858) — Proceeds from issuance of perpetual subordinated convertible securities 499,775 64,350 — Distribution of perpetual subordinated convertible securities (6,300) — — Proceeds from exercise of employee stock options 8,007 17,088 17,610 Payments to acquire treasury shares (20,057) — — Cash received from subsidiaries 1,172,202 572,320 487,050 Net cash from financing activities 1,814,505 892,251 1,336,243 Net (decrease) increase in cash and cash equivalent (30,642) (181,622) 201,459 Cash and cash equivalent at the beginning of the year 140,411 317,873 115,726 Effects of exchange rate changes on the balance of cash held in foreign currencies (1,974) 4,160 688 Cash and cash equivalent at the end of the year 107,795 140,411 317,873

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent events
Subsequent events	43. Subsequent events On March 29, 2019, SMIC Shanghai (Cayman) Corporation (the “Vendor”, a wholly-owned subsidiary of the Company), and SMIC Hong Kong (International) Company Limited (the “Target Company”, a wholly-owned subsidiary of the Vendor) entered into the share purchase agreement with Jiangsu CAS-IGBT Technology Co., Ltd. (the “Purchaser”). Pursuant to the share purchase agreement, the Vendor agreed to sell and the Purchaser agreed to purchase the sale shares at the consideration subject to the terms and conditions of the share purchase agreement. The Target Company directly owns 70% of the share capital of LFoundry. The consideration of the Target Company and its subsidiaries amounted to US$112.8 million was considered to be fair and reasonable and in the interest of the Company and its shareholders taken as a whole. Further, the Purchaser agreed to purchase from the Target Company the creditor’s rights for the outstanding balance (being the total outstanding principal and total aggregate accrued interest) under the loans from the Group.

Approval of Financial Statement

Approval of Financial Statements	12 Months Ended
	Dec. 31, 2018
Approval of financial statements
Approval of financial statements	44. Approval of financial statements The financial statements were approved and authorized for issue by the board of directors of the Company on April 30, 2019.

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2018
Significant accounting policies
Statement of compliance	Statement of compliance The consolidated financial statements have been prepared in accordance with all applicable IFRS issued by the IASB. In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
Basis of preparation	Basis of preparation The consolidated financial statements have been prepared on a historical cost basis, except for certain financial instruments that are measured at fair value as explained in the accounting policies set out below. The consolidated financial statements are presented in US dollars and all values are rounded to the nearest thousand, except when otherwise indicated. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the Group takes into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these consolidated financial statements is determined on such a basis, except for share-based payment transactions that are within the scope of IFRS 2, and measurements that have some similarities to fair value but are not fair value, such as net realizable value in IAS 2 or value in use in IAS 36. In addition, for financial reporting purposes, fair value measurements are categorized into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows: · Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date; · Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or indirectly; and · Level 3 inputs are unobservable inputs for the asset or liability. The principal accounting policies are set out below.
Basis of consolidation	Basis of consolidation The consolidated financial statements incorporate the financial statements of the Group and entities (including structured entities) controlled by the Group. Control is achieved when the Group: · has power over the investee; · is exposed, or has rights, to variable returns from its involvement with the investee; and · has the ability to use its power to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. When the Group has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Group considers all relevant facts and circumstances in assessing whether or not the Group’s voting rights in an investee are sufficient to give it power, including: · the size of the Group’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders; · potential voting rights held by the Group, other vote holders or other parties; · rights arising from other contractual arrangements; and · any additional facts and circumstances that indicate that the Group has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Specifically, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated statement of profit or loss and other comprehensive income from the date the Group gains control until the date when the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive income are attributed to the owners of the Company and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owners of the Company and to the non-controlling interests even if this results in the non- controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation.
Changes in the Group's ownership interests in existing subsidiaries	Changes in the Group’s ownership interests in existing subsidiaries Changes in the Group’s ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the Company. When the Group loses control of a subsidiary, a gain or loss is recognized in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable IFRSs). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under IFRS 9, when applicable, the cost on initial recognition of an investment in an associate or a joint venture.
Separate principal statement	Separate principal statement Investments in subsidiaries are accounted for at the equity method in accordance with IAS 27 and IAS 28. Under the equity method, the investments are initially recognized at cost and adjusted thereafter to recognize the group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the group’s share of movements in other comprehensive income of the investee in other comprehensive income. When the group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity.
Investments in associates	Investments in associates An associate is an entity over which the Group has significant influence and that is neither a subsidiary nor an interest in a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. The results and assets and liabilities of associates are incorporated in these consolidated financial statements using the equity method of accounting. Under the equity method, investments in associates are initially recognized in the consolidated statement of financial position at cost and adjusted thereafter to recognize the Group’s share of the profit or loss and other comprehensive income of the associates. When the Group’s share of losses of an associate exceeds the Group’s interest in that associate (which includes any long-term interests that, in substance, form part of the Group’s net investment in the associate), the Group discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of that associate. An investment in an associate is accounted for using the equity method from the date on which the investee becomes an associate. On acquisition of the investment in an associate, any excess of the cost of the investment over the Group’s share of the net fair value of the identifiable assets and liabilities of the investee is recognized as goodwill, which is included within the carrying amount of the investment. Any excess of the Group’s share of the net fair value of the identifiable assets and liabilities over the cost of the investment, after reassessment, is recognized immediately in profit or loss in the period in which the investment is acquired. The requirements of IAS 28 are applied to determine whether it is necessary to recognize any impairment loss with respect to the Group’s investment in an associate. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment in accordance with IAS 36 Impairment of Assets as a single asset by comparing its recoverable amount (higher of value in use and fair value less costs to sell) with its carrying amount. The difference between the recoverable amount and the carrying amount is recognized as impairment loss in the profit or loss. Any reversal of that impairment loss is recognized in accordance with IAS 36 to the extent that the recoverable amount of the investment subsequently increases. The Group discontinues the use of the equity method from the date when the investment ceases to be an associate, or when the investment is classified as held-for-sale. When the Group retains an interest in the former associate and the retained interest is a financial asset, the Group measures the retained interest at fair value at that date and the fair value is regarded as its fair value on initial recognition in accordance with IFRS 9. The difference between the carrying amount of the associate at the date the equity method was discontinued, and the fair value of any retained interest and any proceeds from disposing of a part interest in the associate is included in the determination of the gain or loss on disposal of the associate. In addition, the Group accounts for all amounts previously recognized in other comprehensive income in relation to that associate on the same basis as would be required if that associate had directly disposed of the related assets or liabilities. Therefore, if a gain or loss previously recognized in other comprehensive income by that associate would be reclassified to profit or loss on the disposal of the related assets or liabilities, the Group reclassifies the gain or loss from equity to profit or loss (as a reclassification adjustment) when the equity method is discontinued. When the Group reduces its ownership interest in an associate but the Group continues to use the equity method, the Group reclassifies to profit or loss the proportion of the gain or loss that had previously been recognized in other comprehensive income relating to that reduction in ownership interest if that gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities. When a group entity transacts with an associate of the Group, profits and losses resulting from the transactions with the associate are recognized in the Group’s consolidated financial statements only to the extent of interests in the associate that are not related to the Group. Unrealized losses are eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of associates have been changed where necessary to ensure consistency with the policies adopted by the Group. In accordance with IAS 28, when the financial statements of an associate used in applying the equity method are prepared as of a different reporting date from that of the Group, adjustments are made by the Group for the effects of significant transactions or events. In no circumstances can the difference between the reporting date of the associate and that of the Group be more than three months and the length of the reporting periods and any difference in the reporting dates are the same from period to period.
Investments in joint ventures	Investments in joint ventures The Group has applied IFRS 11 to all joint arrangements. Under IFRS 11 investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations each investor. The Group has assessed the nature of its joint arrangements and determined them to be joint ventures. Joint ventures are accounted for using the equity method. Under the equity method of accounting, interests in joint ventures are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses and movements in other comprehensive income. The Group’s investments in joint ventures include goodwill identified on acquisition. Upon the acquisition of the ownership interest in a joint venture, any difference between the cost of the joint venture and the Group’s share of the net fair value of the joint venture’s identifiable assets and liabilities is accounted for as goodwill. When the Group’s share of losses in a joint venture equals or exceeds its interests in the joint ventures (which includes any long-term interests that, in substance, form part of the Group’s net investment in the joint ventures), the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the joint ventures. Unrealized gains on transactions between the Group and its joint ventures are eliminated to the extent of the Group’s interest in the joint ventures. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of the joint ventures have been changed where necessary to ensure consistency with the policies adopted by the Group.
Non-current assets held-for-sale	Non-current assets held-for-sale Non-current assets and disposal groups are classified as held-for-sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the non-current asset (or disposal group) is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification. Non-current assets (and disposal groups) classified as held-for-sale are measured at the lower of their previous carrying amount and fair value less costs of disposal.
Revenue recognition	Revenue recognition Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods The Group manufactures semiconductor wafers for its customers based on the customers’ designs and specifications pursuant to manufacturing agreements and/or purchase orders. The Group also sells certain semiconductor standard products to customers. Revenues are recognized when, or as, the control of the goods or services is transferred to the customer. Depending on the terms of the contract and the laws applicable, control of the goods and services may be transferred over time or at a point in time. Control of the goods and services is transferred over time if the Group’s performance: · provides all of the benefits received and consumed simultaneously by the customer; · creates and enhances an asset that the customer controls as the Group performs; or · does not create an asset with an alternative use to the Group and the Group has an enforceable right to payment for performance completed to date. If control of the goods and services transfers over time, revenue is recognized over the period of the contract by reference to the progress towards complete satisfaction of that performance obligation. Otherwise, revenue is recognized at a point in time when the customer obtains control of the goods and services. Contracts with customers may include multiple performance obligations. For such arrangements, the Group allocates revenue to each performance obligation based on its relative standalone selling price. The Group generally determines standalone selling prices based on the prices charged to customers. If the standalone selling price is not directly observable, it is estimated using expected cost plus a margin or adjusted market assessment approach, depending on the availability of observable information. Assumptions and estimations have been made in estimating the relative selling price of each distinct performance obligation, and changes in judgements on these assumptions and estimates may impact the revenue recognition. When either party to a contract has performed, the Group presents the contract in the statement of financial position as a contract asset or a contract liability, depending on the relationship between the entity’s performance and the customer’s payment. A contract asset is the Group’s right to consideration in exchange for goods and services that the Group has transferred to a customer. Incremental costs incurred to obtain a contract, if recoverable, are capitalized and presented as contract assets and subsequently amortized when the related revenue is recognized. If a customer pays consideration or the Group has a right to an amount of consideration that is unconditional, before the Group transfers a good or service to the customer, the Group presents the contract as a contract liability when the payment is made or the a receivable is recorded (whichever is earlier). A contract liability is the Group’s obligation to transfer goods or services to a customer for which the Group has received consideration (or an amount of consideration is due) from the customer. A receivable is recorded when the Group has an unconditional right to consideration. A right to consideration is unconditional if only the passage of time is required before payment of that consideration is due. Customers have the right of return within one year pursuant to warranty provisions. The Group typically performs tests of its products prior to shipment to identify yield rate per wafer. Occasionally, product tests performed after shipment identify yields below the level agreed with the customer. In those circumstances, the customer arrangement may provide for a reduction to the price paid by the customer or for the costs to return products and to ship replacement products to the customer. The Group estimates the amount of sales returns and the cost of replacement products based on the historical trend of returns and warranty replacements relative to sales as well as a consideration of any current information regarding specific known product defects at customers that may exceed historical trends. Transfer of intellectual property The group transferred certain pieces of intellectual property to customers. If the license to a customer is to provide the customer a right to access the Group’s intellectual property as it exists throughout the license period, revenues from licensing are recognized when the control of the license is transferred to the customer. If the license to a customer is to provide the customer a right to use the Group’s intellectual property as it exists at the point in time at which the license is granted, revenues from licensing are recognized as the control of the technology license is transferred to the customer.
Gain on sale of real estate property	Gain on sale of real estate property Gain from sales of real estate property is recognized when all the following conditions are satisfied: 1) sales contract executed, 2) full payment collected, or down payment collected and non-cancellable mortgage contract is executed with borrowing institution, 3) the legal title has passed to the buyers, 4) and the control over the property has been transferred to the buyers.
Interest income	Interest income Interest income from a financial asset is recognized when it is probable that the economic benefits will flow to the Group and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable.
Foreign currencies	Foreign currencies Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (“the functional currency”). The consolidated financial statements are presented in Untied States dollar (“US dollar”), which is the Company’s functional and the Group’s presentation currency. In preparing the financial statements of each individual group entity transactions in currencies other than the entity’s functional currency (foreign currencies) are recognized at the rates of exchange prevailing at the dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences on monetary items are recognized in profit or loss in the period in which they arise. For the purposes of presenting consolidated financial statements, the assets and liabilities of the Group’s foreign operations are translated into United States dollars using exchange rates prevailing at the end of each reporting period. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the dates of the transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate). On the disposal of a foreign operation (i.e. a disposal of the Group’s entire interest in a foreign operation, or a disposal involving loss of control over a subsidiary that includes a foreign operation, or a disposal involving loss of significant influence over an associate that includes a foreign operation), all of the exchange differences accumulated in equity in respect of that operation attributable to the owners of the Company are reclassified to profit or loss.
Borrowing costs	Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalization. All other borrowing costs are recognized in profit or loss in the period in which they are incurred.
Government funding	Government funding Government funding relating to property, plant and equipment, whose primary condition is that the Group should purchase, construct or otherwise acquire non-current assets, are recognized as deferred income in the consolidated statement of financial position and transferred to profit or loss on a systematic and rational basis over the useful lives of the related assets. Government funding that is receivable as compensation for expenses or losses already incurred is recorded as a liability upon receipt and recognized as reduction of expenses or losses until the requirements (if any) specified in the terms of the funding have been reached.
Retirement benefits	Retirement benefits The Group’s local Chinese employees are entitled to a retirement benefit based on their salary and their length of service in accordance with a state- managed pension plan. The PRC government is responsible for the pension liability to these retired staff. The Group is required to make contributions to the state- managed retirement plan at a rate equal to 19.0% to 20.0% (the standard in Shenzhen site ranges from 13% to 14% according to Shenzhen government regulation) of the monthly basic salary of current employees. The Group has no further payment obligations once the contributions have been paid. The costs are recognized in profit or loss when incurred. Besides, LFoundry S.r.l. (“LFoundry”, the Company’s majority-owned subsidiary in Avezzano, Italy) employees are entitled to a retirement plan and a defined benefit plan. The liability recognized in the consolidated statement of financial position in respect of defined benefit plans is the present value of the defined benefit obligation at the end of the reporting period. The defined benefit obligation is calculated annually by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related defined benefit obligation.
Share-based payment arrangements	Share-based payment arrangements Equity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Group’s estimate of equity instruments that will eventually vest, with a corresponding increase in equity. At the end of each reporting period, the Group revises its estimate of the number of equity instruments expected to vest. The impact of the revision of the original estimates, if any, is recognized in profit or loss such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to the equity-settled employee benefits reserve. When share options are exercised, the amount previously recognized in the reserve will be transferred to share premium. Equity-settled share-based payment transactions with parties other than employees are measured at the fair value of the goods or services received, except where that fair value cannot be estimated reliably, in which case they are measured at the fair value of the equity instruments granted, measured at the date the entity obtains the goods or the counterparty renders the service.
Taxation	Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the consolidated statements of profit or loss and other comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if the temporary difference arises from goodwill or from the initial recognition other than in a business combination of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries and associates, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments are only recognized to the extent that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Property, plant and equipment	Property, plant and equipment Property, plant and equipment held for use in the production or supply of goods or services, or for administrative purposes, are stated in the consolidated statement of financial position at their costs, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Such cost includes the cost of replacing part of the property, plant and equipment and borrowing costs for long-term construction projects if the recognition criteria are met. The Group constructs certain of its plant and equipment. In addition to costs under the construction contracts, external costs that are directly related to the construction and acquisition of such plant and equipment are capitalized. Depreciation is recorded at the time assets are ready for their intended use. Such properties are classified to the appropriate categories of property, plant and equipment when completed and ready for intended use. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the profit or loss during the financial period in which they are incurred. An item at property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss. Depreciation is recognized so as to write off the cost of items of property, plant and equipment other than properties under construction over their estimated useful lives, using the straight-line method. The estimated useful lives and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. The following useful lives are used in the calculation of depreciation. Buildings 25 years Plant and equipment 5–10 years Office equipment 3–5 years Leasehold equipment under finance leases Over the lease terms
Land use right	Land use right Land use rights, which are all located in the PRC, are recorded at cost and are charged to profit or loss ratably over the term of the land use agreements which range from 50 to 70 years.
Intangible assets	Intangible assets Acquired intangible assets which consists primarily of technology, licenses and patents, are carried at cost less accumulated amortization and any accumulated impairment loss. Amortization is computed using the straight-line method over the expected useful lives of the assets of three to ten years. The estimated useful life and amortization method are reviewed at the end of each reporting period, with effect of any changes in estimate being accounted for on a prospective basis.
Business combinations	Business combinations Business combinations are accounted for using the acquisition method. The consideration transferred is measured at the acquisition date fair value which is the sum of the acquisition date fair values of assets transferred by the Group, liabilities assumed by the Group to the former owners of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree that are present ownership interests and entitle their holders to a proportionate share of net assets in the event of liquidation at fair value or at the proportionate share of the acquiree’s identifiable net assets. All other components of non-controlling interests are measured at fair value. Acquisition-related costs are expensed as incurred. When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as at the acquisition date. This includes the separation of embedded derivatives in host contracts of the acquiree. Any contingent consideration to be transferred by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as an asset or liability is measured at fair value with changes in fair value recognized in profit or loss. Contingent consideration that is classified as equity is not remeasured and subsequent settlement is accounted for within equity.
Goodwill	Goodwill Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred, the amount recognized for non-controlling interests and any fair value of the Group’s previously held equity interests in the acquiree over the identifiable net assets acquired and liabilities assumed. If the sum of this consideration and other items is lower than the fair value of the net assets acquired, the difference is, after reassessment, recognized in profit or loss as a gain on bargain purchase. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. The Group performs its annual impairment test of goodwill as at December 31. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units, or groups of cash- generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units. Impairment is determined by assessing the recoverable amount of the cash-generating unit (“CGU”) to which the goodwill relates. Where the recoverable amount of the CGU is less than the carrying amount, an impairment loss is recognized. An impairment loss recognized for goodwill is not reversed in a subsequent period. Where goodwill has been allocated to a CGU and part of the operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on the disposal. Goodwill disposed of in these circumstances is measured based on the relative value of the operation disposed of and the portion of the CGU retained.
Impairment of tangible and intangible assets other than goodwill	Impairment of tangible and intangible assets other than goodwill At the end of each reporting period, the Group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). When it is not possible to estimate the recoverable amount of an individual asset, the Group estimates the recoverable amount of the cash- generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash- generating units for which a reasonable and consistent allocation basis can be identified. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognized immediately in profit or loss. When an impairment loss subsequently reverses, the carrying amount of the asset (or a CGU) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or CGU) in prior years. A reversal of an impairment loss is recognized as income.
Leases	Leases Leases that transfer substantially all the rewards and risks of ownership of assets to the Group, other than legal title, are accounted for as finance leases. At the inception of a finance lease, the cost of the leased asset is capitalized at the present value of the minimum lease payments and recorded together with the obligation, excluding the interest element, to reflect the purchase and financing. Assets held under capitalized finance leases are included in property, plant and equipment, and depreciated over the shorter of the lease terms and the estimated useful lives of the assets. The finance costs of such leases are charged to the statement of profit or loss and other comprehensive income so as to provide a constant periodic rate of charge over the lease terms. Leases where substantially all the rewards and risks of ownership of assets remain with the lessor are accounted for as operating leases. Where the Group is the lessee, rentals payable under operating leases net of any incentives received from the lessor are charged to the statement of profit or loss and other comprehensive income on the straight-line basis over the lease terms.
Cash and cash equivalents	Cash and cash equivalents Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subjected to an insignificant risk of changes in value, with original maturities of three months or less.
Restricted cash	Restricted cash Restricted cash consists of bank deposits pledged against letters of credit, short-term and long-term credit facilities, and unused government funding for certain research and development projects. Changes of restricted cash pledged against letter of credit, short-term and long-term credit facilities and changes of restricted cash paid for property, plant and equipment are presented as investing activity in consolidated statements of cash flows. Changes of restricted cash of unused government funding for expensed research and development activities are presented as operating activity in consolidated statements of cash flows.
Inventories	Inventories Inventories are stated at the lower of cost and net realizable value. Costs of inventories are determined on a weighted average basis. Net realizable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale.
Provisions	Provisions Provisions are recognized when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that the Group will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material). When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.
Investments and other financial assets	Investments and other financial assets Classification From January 1, 2018 the Group classifies its financial assets in the following measurement categories: · those to be measured subsequently at fair value (through profit or loss), and · those to be measured at amortized cost. Measurement At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at FVPL, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest. Debt instruments Subsequent measurement of debt instruments depends on the Group’s business model for managing the asset and the cash flow characteristics of the asset. There are three below measurement categories and the Group recognizes its debt instruments as amortized cost and FVPL only: · Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognized directly in profit or loss and presented in other gains or losses, together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the statement of profit or loss. · FVPL: Assets that do not meet the criteria for amortized cost or fair value through other comprehensive income are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognized in profit or loss and presented net within other gains or losses in the period in which it arises. · FVOCI: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through other comprehensive income (“OCI”), except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses which are recognized in profit or loss. When the financial asset is derecognized, the cumulative gain or loss previously recognized in OCI is reclassified from equity to profit or loss and recognized in other gains/(losses). Interest income from these financial assets is included in finance income using the effective interest rate method. Foreign exchange gains and losses are presented in other gains/(losses) and impairment expenses are presented as separate line item in the statement of profit or loss. Equity instruments An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities. Equity instruments issued by the Group are recognized at the proceeds received, net of direct issue costs. The Group subsequently measures all equity investments at fair value. Changes in the fair value of financial assets at FVPL are recognized in other gains or losses in the statement of profit or loss as applicable. Impairment From January 1, 2018, the Group assesses on a forward looking basis the expected credit losses associated with its debt instruments carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. For trade receivables, the Group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognized from initial recognition of the receivables. Derivatives and hedging The Group has made the accounting policy choice to continue applying hedge accounting under IAS 39. Accounting policies applied until December 31, 2017 The Group has applied IFRS 9 retrospectively, but has elected not to restate comparative information. As a result, the comparative information provided continues to be accounted for in accordance with the group’s previous accounting policy. Classification Until December 31, 2017 the group classifies its financial assets in the following categories: · financial assets at fair value through profit or loss, · loans and receivables, and · available-for-sale financial assets. The classification determined on the purpose for which the investments were acquired. Management determined the classification of its investments at initial recognition and, in the case of assets classified as held-to-maturity, re-evaluated this designation at the end of each reporting period. Subsequent measurement The measurement at initial recognition did not change an adoption of IFRS 9. Subsequent to the initial, recognition loans and receivables were subsequently carried at amortized cost using the effective interest method. Available-for-sale financial assets and financial assets at FVPL were subsequently carried at fair value. Gains or losses arising from changes in the fair value are recognized as follows: · for ‘financial assets at FVPL’ – in profit or loss within other gains/(loss) · for available-for-sale financial assets that are monetary securities denominated in a foreign currency – translation differences related to changes in the amortized cost of the security were recognized in profit or loss and other changes in the carrying amount were recognized in other comprehensive income · for other monetary and non-monetary securities classified as available-for-sale – in other comprehensive income. When securities classified as available-for-sale were sold, the accumulated fair value adjustments recognized in other comprehensive income were reclassified to profit or loss as gains and other losses from investment securities. Impairment The Group assessed at the end of each reporting period whether there was objective evidence that a financial asset or Group of financial assets was impaired. A financial asset or a Group of financial assets was impaired and impairment losses were incurred only if there was objective evidence of impairment as a result of one or more events that occurred after the initial recognition of the asset (a ‘loss event’) and that loss event (or events) had an impact on the estimated future cash flows of the financial asset or group of financial assets that could be reliably estimated. In the case of equity investments classified as available-for-sale, a significant or prolonged decline in the fair value of the security below its cost was considered an indicator that the assets are impaired. Assets carried at amortized cost For loans and receivables, the amount of the loss was measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows (excluding future credit losses that had not been incurred) discounted at the financial asset’s original effective interest rate. The carrying amount of the asset was reduced and the amount of the loss was recognized in profit or loss. If a loan or held-to-maturity investment had a variable interest rate, the discount rate for measuring any impairment loss was the current effective interest rate determined under the contract. As a practical expedient, the group could measure impairment on the basis of an instrument’s fair value using an observable market price. If, in a subsequent period, the amount of the impairment loss decreased and the decrease could be related objectively to an event occurring after the impairment was recognized (such as an improvement in the debtor’s credit rating), the reversal of the previously recognized impairment loss was recognized in profit or loss. Assets classified as available-for-sale If there was objective evidence of impairment for available-for-sale financial assets, the cumulative loss – measured as the difference between the acquisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in profit or loss – was removed from equity and recognized in profit or loss. Impairment losses on equity instruments that were recognized in profit or were not reversed through profit or loss in a subsequent period. If the fair value of a debt instrument classified as available-for-sale increased in a subsequent period and the increase could be objectively related to an event occurring after the impairment loss was recognized in profit or loss, the impairment loss was reversed through profit or loss.
Convertible bonds	Convertible bonds The component parts of the convertible bonds issued by the Group are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument. Conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the Group’s own equity instruments is an equity instrument. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for similar non-convertible instruments. This amount is recorded as a liability on an amortized cost basis using the effective interest method until extinguished upon conversion or at the instrument’s maturity date. The conversion option classified as equity is determined by deducting the amount of the liability component from the fair value of the compound instrument as a whole. This is recognized and included in equity, net of income tax effects, and is not subsequently remeasured. In addition, the conversion option classified as equity will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share premium. Where the conversion option remains unexercised at the maturity date of the convertible note, the balance recognized in equity will be transferred to retained earnings. No gain or loss is recognized in profit or loss upon conversion or expiration of the conversion option. The Group assesses if the embedded derivatives in respect of the early redemption features are deemed to be clearly and closely related to the host debt contract. Embedded derivatives need not be separated if they are regarded as closely related to its host contract. If they are not, they would be separately accounted for. Transaction costs that relate to the issue of the convertible bonds are allocated to the liability and equity components in proportion to the allocation of the gross proceeds. Transaction costs relating to the equity component are charged directly to equity. Transaction costs relating to the liability component are included in the carrying amount of the liability portion and amortized over the period of the convertible bonds using the effective interest method.
Financial liabilities	Financial liabilities Financial liabilities are classified as either financial liabilities ‘at FVTPL’ or ‘other financial liabilities’. Financial liabilities at FVTPL Financial liabilities are classified as at FVTPL (including foreign currency forward contracts and cross currency swap contracts and contingent consideration) when the financial liability is held for trading. Financial liabilities at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognized in profit or loss. The net gain or loss recognized in profit or loss incorporates any interest paid on the financial liability and is included in the ‘other gains and losses’ line item. Other financial liabilities Other financial liabilities (including borrowings, trade and other payables, long-term payables, long-term financial liabilities, short-term and medium-term notes and bonds payable) are subsequently measured at amortized cost using the effective interest method. The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability or (where appropriate) shorter period, to the net carrying amount on initial recognition. Derecognition of financial liabilities The Group derecognizes financial liabilities when, and only when, the Group’s obligations are discharged, cancelled or they expire. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in profit or loss.
Derivative financial instruments and hedging accounting	Derivative financial instruments and hedging accounting The Group enters into a variety of derivative financial instruments to manage its exposure to interest rate and foreign exchange rate risks, including foreign exchange forward contracts and cross currency swap contracts. Further details of derivative financial instruments are disclosed in Note 21 and Note 38. Derivatives are initially recognized at fair value at the date the derivative contracts are entered into and are subsequently remeasured to their fair value at the end of each reporting period. The resulting gain or loss is recognized in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship. Any gains or losses arising from changes in fair value of derivatives are taken directly to the statement of profit or loss, except for the effective portion of cash flow hedges of the gain or loss on cash flow hedges. The effective portion of the gain or loss on the cash flow hedges is recognized directly in other comprehensive income in the hedging reserve, while any ineffective portion is recognized immediately in the statement of profit or loss. Amounts recognized in other comprehensive income are transferred to the statement of profit or loss when the hedged transaction affects profit or loss, such as when hedged financial income or financial expense is recognized or when a forecast sale occurs. Where the hedged item is the cost of a non- financial asset or nonfinancial liability, the amounts recognized in other comprehensive income are transferred to the initial carrying amount of the non-financial asset or non-financial liability. If the hedging instrument expires or is sold, terminated or exercised without replacement or rollover (as part of the hedging strategy), or if its designation as a hedge is revoked, or when the hedge no longer meets the criteria for hedge accounting, the amounts previously recognized in other comprehensive income remain in other comprehensive income until the forecast transaction occurs or the foreign currency firm commitment is met.

Application of new and revise_2

Application of new and revised International Financial Reporting Standards ("IFRSs") (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of initial application of standards or interpretations [line items]
Schedule of new and revised IFRSs that have been issued but are not yet effective	New or revised IFRS Effective date IFRS 16 — Lease On or after January 1, 2019 IFRS 17 - Insurance Contracts On or after January 1, 2022 IFRIC 23 — Uncertainty over Income Tax Treatments On or after January 1, 2019 Amendments to IFRS 9 — Prepayment Features with Negative Compensation On or after January 1, 2019 Amendments to IAS 28 — Long-term Interests in Associates and Joint Ventures On or after January 1, 2019 Amendments to IFRS 3 — Definition of Business On or after January 1, 2020 Amendments to IAS 1 and IAS 8 — Definition of material On or after January 1, 2020 Amendments to IAS 1 and IAS 8 — Definition of material On or after January 1, 2019 Amendments to IFRS 10 and IAS 28 — Sale or contribution of assets between an investor and its association or joint venture Not yet determined
IFRS 15
Disclosure of initial application of standards or interpretations [line items]
Schedule of impact of adoption of new standards	(In USD’000) Impact on Impact on 12/31/16 IFRS 15 12/31/16 12/31/17 IFRS 15 12/31/17 Consolidated statement of financial position (extract) As originally Contract Restated As originally Contract Restated Trade and other payables 940,553 (42,947) 897,606 1,050,460 (43,036) 1,007,424 Contract liabilities — 42,947 42,947 — 43,036 43,036 940,553 — 940,553 1,050,460 — 1,050,460
IFRS 9
Disclosure of initial application of standards or interpretations [line items]
Schedule of impact of adoption of new standards	(In USD’000) 12/31/17 Impact on IFRS 9 01/01/18 Consolidated statement of As originally Cross Foreign Financial 3 months Equity Contingent Restated Non-current assets Other assets 42,810 — — — — (24,844) — 17,966 Financial assets at fair value through profit or loss — — — — — 24,844 — 24,844 Derivative financial instruments — 17,598 — — — — — 17,598 Other financial assets 17,598 (17,598) — — — — — — Current assets Financial assets at fair value through profit or loss — — — 117,928 — — — 117,928 Financial assets at amortized cost — — — — 559,034 — — 559,034 Derivative financial instruments — 4,739 2,111 — — — — 6,850 Other financial assets 683,812 (4,739) (2,111) (117,928) (559,034) — — — 744,220 — — — — — — 744,220 Non-current liabilities Derivative financial instruments — 1,919 — — — — — 1,919 Other financial liabilities 1,919 (1,919) — — — — 12,549 12,549 Other Liabilities 99,817 — — — — — (12,549) 87,268 Current liabilities Derivative financial instruments — 742 2 — — — — 744 Other financial liabilities 744 (742) (2) — — — — — 102,480 — — — — — — 102,480 Equity Reserves 134,669 — — — — (16,535) — 118,134 Retained earnings 187,008 — — — — 16,535 — 203,543 321,677 — — — — — — 321,677

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Dec. 31, 2018
Significant accounting policies
Schedule of useful lives of property, plant and equipment used in the calculation of depreciation	Buildings 25 years Plant and equipment 5–10 years Office equipment 3–5 years Leasehold equipment under finance leases Over the lease terms

Segment information (Tables)

Segment information (Tables)	12 Months Ended
	Dec. 31, 2018
Segment information
Schedule of revenue geographical areas	Revenue from external customers Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 At a point in time USD’000 USD’000 USD’000 United States (1) 1,062,134 1,240,906 858,858 Mainland China and Hong Kong 1,985,292 1,465,553 1,447,427 Eurasia (2) 312,558 394,716 607,895 3,359,984 3,101,175 2,914,180 (1) Presenting the revenue to those companies whose headquarters are in the United States, but ultimately selling and shipping the products to their global customers. (2) Not including Mainland China and Hong Kong .
Schedule of revenue by product and service type	Revenue from external customers Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 At a point in time USD’000 USD’000 USD’000 Sales of wafers 3,031,770 3,038,947 2,803,819 Mask making, testing and others (1) 328,214 62,228 110,361 3,359,984 3,101,175 2,914,180 (1) Including the recognized technology licensing revenue of US$163.8 million for the year ended December 31, 2018. The technology licensing internally developed and not capitalized was authorized to Semiconductor Manufacturing Electronics (Shaoxing) Corporation (“SMEC”, an associate of the Group) with no related cost of sales recognized by the Group.
Schedule of property, plant and equipment by geographical area	Property, plant and equipment Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 United States 15 45 69 Europe 1,603 137,778 125,339 Asia (1) 66 117 97 Hong Kong 2,415 2,618 2,839 Mainland China 6,773,871 6,382,845 5,559,013 6,777,970 6,523,403 5,687,357 Not including Mainland China and Hong Kong

Significant customers (Tables)

Significant customers (Tables)	12 Months Ended
	Dec. 31, 2018
Significant customers
Summary of net revenue or gross accounts receivable for significant customers	Net revenue Gross accounts receivable Year ended December 31, December 31, Customer A 582,349 538,102 609,802 75,510 95,575 129,619 Customer B 527,633 636,662 382,853 67,734 133,281 78,639 Customer A 17 % 17 % 21 % 18 % 23 % 26 % Customer B 16 % 21 % 13 % 16 % 33 % 16 %

Other operating income, net (Ta

Other operating income, net (Tables)	12 Months Ended
	Dec. 31, 2018
Other operating income, net
Schedule of other operating income, net	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Gain (loss) on disposal of property, plant and equipment and assets classified as held-for-sale (1) 30,838 17,513 (1,846) Impairment loss recognized on tangible and intangible assets (Note 11) (9,218) — (7,529) Government funding (Note 34) 32,198 27,444 9,542 Others 3,465 — 10 57,283 44,957 177 (1) The gain o n disposal of property, plant and equipment and assets classified as held-for-sale for the year ended December 31, 2018 was primarily from the gain arising from the disposal of equipment. The gain on disposal of property, plant and equipment and assets classified as held-for-sale for the year ended December 31, 2017 was primarily due to the gain arising from the disposal of equipment of which US$6.9 million was related to sale and lease back transactions as disclosed in Note 40. The loss on disposal of property, plant and equipment and assets classified as held-for-sale for the year ended December 31, 2016 was primarily due to the loss arising the disposal of equipment and the gain arising from the sales of the staff living quarters in Beijing to employees.

Finance costs (Tables)

Finance costs (Tables)	12 Months Ended
	Dec. 31, 2018
Finance costs
Schedule of finance costs	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Interest on: Bank and other borrowings 44,668 25,543 17,793 Finance leases 190 232 62 Convertible bonds 15,263 15,818 16,352 Corporate bonds 22,487 22,405 22,327 Medium-term notes 8,335 8,185 4,625 Short-term notes — 1,164 1,509 Less: government funding (Note 34) (19,496) (24,182) (11,639) 71,447 49,165 51,029 Less: amounts capitalized (47,169) (31,144) (27,992) 24,278 18,021 23,037

Other gains (losses), net (Tabl

Other gains (losses), net (Tables)	12 Months Ended
	Dec. 31, 2018
Other gains (losses), net
Schedule of other gains (losses), net	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Net gain (loss) arising on financial instruments at FVPL Cross currency swap contracts — cash flow hedges 2,265 2,150 (14,989) Cross currency swap contracts 1,158 — — Foreign currency forward contracts (2,108) 2,109 — Financial products sold by banks 6,443 1,087 4,651 Equity securities 2,015 — — Other derivative financial instrument (1) — 1,544 2,721 9,773 6,890 (7,617) Others (2) 14,509 9,609 5,504 24,282 16,499 (2,113) (1) The derivative financial instrument was a put option with the right of Siltech Semiconductor (Shanghai) Corporation Limited (“SilTech Shanghai”, an indirectly wholly-owned subsidiary of the Company) to sell Suzhou Changjiang Electric Xinke Investment Co., Ltd. (“Changjiang Xinke”) to Jiangsu Changjiang Electronics Technology Co., Ltd. (“JCET”), pursuant to an investment exit agreement entered in December 2014 and exercised in June 2017. (2) In 2017, others included a gain of US$18.5 million arising from the disposal agreement and the subscription agreement (Note 19) entered by SilTech Shanghai and JCET on April 27, 2016, and a loss of potential cash compensation accrued at US $12.5 million that may be incurred depending on the profit of Changjiang Xinke during the three years of 2017, 2018 and 2019. The potential cash compensation was deemed as the terms of the supplemental agreement entered by SilTech Shanghai and JCET on December 9, 2016.

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income taxes
Schedule of income tax expense (benefit)	Income tax expense (benefit) Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current tax — Land Appreciation Tax (172) 179 731 Current tax — Enterprise Income Tax 15,598 (469) 1,306 Deferred tax (950) 2,136 (8,589) 14,476 1,846 (6,552)
Schedule of reconciliation of income tax expense (benefit) to the accounting profit	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Profit before tax 91,687 128,269 309,882 Income tax expense calculated at 15% (2017: 15% and 2016: 15%) 13,753 19,240 46,482 Effect of tax holiday (69,581) (50,258) (41,484) Additional deduction for research and development expenditures (47,541) (25,260) (13,107) Tax losses for which no deferred tax assets were recognized (1) 127,686 70,341 39,777 Reversal (utilization) of previously unrecognized tax losses of temporary differences — 5,687 (43,440) Effect of different tax rates of subsidiaries operating in other jurisdictions (9,669) (18,082) 4,517 Others (172) 178 703 14,476 1,846 (6,552) (1) The tax losses were calculated from the profit or loss of some subsidiaries after adjusting the additional deduction for research and development expenditures and the effect of different tax rates and cannot be carried forward from prior years to offset future profits in five years.
Schedule of current tax liabilities	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Income tax payable 2,607 270 460
Schedule of deferred tax balances	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Deferred tax assets Property, plant and equipment 42,613 41,271 45,981 Intangible Assets 1,688 1,844 — Others 1,125 1,760 — 45,426 44,875 45,981 Deferred tax liabilities Property, plant and equipment (1,588) (16,412) (15,382) Others (51) — — (1,639) (16,412) (15,382) 43,787 28,463 30,599
Schedule of changes in deferred tax assets and liabilities	Reclassified Recognize Opening Deconsolidation as in profit Closing balance of subsidiary held-for-sale or loss balance December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Net deferred tax assets in relation to Property, plant and equipment 24,859 — 14,437 1,729 41,025 Intangible assets 1,844 — — (156) 1,688 Others 1,760 (63) — (623) 1,074 28,463 (63) 14,437 950 43,787 Recognize Opening in profit Closing balance or loss balance December 31, 2017 USD’000 USD’000 USD’000 Net deferred tax assets in relation to Property, plant and equipment 30,599 (5,740) 24,859 Intangible assets — 1,844 1,844 Others — 1,760 1,760 30,599 (2,136) 28,463 Recognize Opening Business in profit Closing balance Combination or loss balance December 31, 2016 USD’000 USD’000 USD’000 USD’000 Net deferred tax assets in relation to Property, plant and equipment 37,233 (15,639) 9,005 30,599 Capitalized interest (3) — 3 — Others 419 — (419) — 37,649 (15,639) 8,589 30,599

Profit for the year (Tables)

Profit for the year (Tables)	12 Months Ended
	Dec. 31, 2018
Profit for the year
Schedule of profit for the year after charging (crediting)	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Impairment losses on assets Bad debt allowance on trade receivables (Note 38) 964 301 201 Reversal of bad debt allowance on doubtful trade receivables (Note 38) (27) (438) (1,603) Reversal of bad debt allowance on doubtful other receivables — — (8,809) Impairment losses on inventory (Note 23) 6,412 46,857 3,706 Impairment losses on tangible assets (Note 16) 990 — 7,529 Impairment losses on intangible assets (Note 17) 8,228 — — 16,567 46,720 1,024 Depreciation and amortization expense Depreciation of property, plant and equipment (Note 16) 994,642 906,034 673,161 Amortization of intangible assets (Note 17) 51,595 63,098 55,080 Amortization of land use right 2,173 2,250 1,625 1,048,410 971,382 729,866 Employee benefits expense Wages, salaries and social security contributions 550,060 499,238 378,709 Bonus 64,130 57,289 123,313 Non-monetary benefits 48,837 47,204 31,686 Equity-settled share-based payments (Note 37) 11,661 18,214 14,210 674,688 621,945 547,918 Royalties expense 30,678 37,466 37,023 Government funding For specific R&D projects (Note 34) (105,258) (82,245) (52,517) For specific intended use (Note 34) (51,695) (51,626) (21,181) (156,953) (133,871) (73,698) Auditors’ remuneration Audit services 1,372 1,413 1,529 Non-audit services 1,255 85 587 . 2,627 1,498 2,116

Directors' remuneration (Tables

Directors' remuneration (Tables)	12 Months Ended
	Dec. 31, 2018
Directors' remuneration
Summary of directors' remuneration	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Salaries, bonus and benefits 3,353 4,490 2,367 Equity-settled share-based payments 2,390 8,158 2,214 5,743 12,648 4,581
Detail of directors' remuneration	In de pendent non-executive directors The fees paid or payable to independent non-executive directors of the Company during the year were as follows: Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2018 USD’000 USD’000 USD’000 William Tudor Brown 90 188 278 Chiang Shang-yi 65 100 165 Cong Jingsheng Jason 58 119 177 Lau Lawrence Juen-Yee 32 110 142 Fan Ren Da Anthony 34 110 144 Lip-Bu Tan* 51 269 320 Carmen I-Hua Chang* 39 14 53 369 910 1,279 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2017 USD’000 USD’000 USD’000 Lip-Bu Tan* 91 128 219 William Tudor Brown 89 8 97 Carmen I-Hua Chang* 70 40 110 Chiang Shang-yi 47 250 297 Cong Jingsheng Jason 35 217 252 332 643 975 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2016 USD’000 USD’000 USD’000 Lip-Bu Tan* 100 156 256 William Tudor Brown 85 24 109 Sean Maloney 72 23 95 Carmen I-Hua Chang* 68 78 146 Chiang Shang-yi — — — 325 281 606 There were no other emoluments payable to the independent non-executive directors during the year (2017: Nil and 2016: Nil.) Executive directors and non-executive director Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2018 USD’000 USD’000 USD’000 Executive directors: Zhou Zixue 695 129 824 Zhao Haijun** 714 824 1,538 Liang Mong Song** 478 — 478 Gao Yonggang 607 1 608 2,494 954 3,448 Non-executive director: Chen Shanzhi 70 269 339 Zhou Jie — — — Ren Kai 65 — 65 Lu Jun — — — Tong Guohua 63 119 182 Tzu-Yin Chiu*** 292 138 430 490 526 1,016 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2017 USD’000 USD’000 USD’000 Executive directors: Zhou Zixue 765 311 1,076 Zhao Haijun** 726 1,514 2,240 Liang Mong Song** 65 — 65 Gao Yonggang 634 24 658 2,190 1,849 4,039 Non-executive director: Tzu-Yin Chiu*** 1,783 5,321 7,104 Chen Shanzhi 75 128 203 Zhou Jie — — — Ren Kai 70 — 70 Lu Jun — — — Tong Guohua 40 217 257 Li Yonghua (Alternate to Chen Shanzhi) — — — 1,968 5,666 7,634 Equity-settled Salaries, bonus share-based Total and benefits payment remuneration 2016 USD’000 USD’000 USD’000 Executive directors: Zhou Zixue 527 655 1,182 Tzu-Yin Chiu*** 920 1,038 1,958 Gao Yonggang 413 82 495 1,860 1,775 3,635 Non-executive director: Chen Shanzhi 80 136 216 Zhou Jie — — — Ren Kai 63 22 85 Lu Jun 39 — 39 Li Yonghua (Alternate to Chen Shanzhi) — — — 182 158 340 * Lip-Bu Tan and Carmen I-Hua Chang did not offer themselves for re-election to independent non-executive directors and their term as independent non-executive directors expired on June 22, 2018. ** Zhao HaiJun and Liang Mong Song are also the Co-Chief Executive Officers of the Company. *** Tzu-Yin Chiu resigned as Chief Executive Officer on May 10, 2017 and remains as non-executive director.

Five highest paid employees (Ta

Five highest paid employees (Tables)	12 Months Ended
	Dec. 31, 2018
Five highest paid employees
Table showing details of the remuneration of the non-directors, highest paid individuals	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Salaries and benefits 954 630 692 Bonus 325 746 611 Equity-settled share-based payment — 338 412 1,279 1,714 1,715
Table showing details of number of non-directors, highest paid individuals	Number of employees HK$4,000,001 (US$510,761) to HK$4,500,000 (US$574,605) — — 2 HK$4,500,001 (US$574,606) to HK$5,000,000 (US$630,450) 1 — — HK$5,000,001 (US$630,451) to HK$5,500,000 (US$702,295) 1 — 1 HK$6,500,001 (US$829,986) to HK$7,000,000 (US$893,830) — 2 — 2 2 3

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings per share
Schedule of basic and diluted earnings per share	Basic earnings per share The earnings and weighted average number of ordinary shares used in the calculation of basic earnings per share are as follows: Year ended Year ended Year ended * 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Profit for the year attributable to owners of the Company 134,055 179,679 376,630 Distribution to perpetual subordinated convertible securities holders (6,300) — — Earnings used in the calculation of basic earnings per share 127,755 179,679 376,630 Weighted average number of ordinary shares for the purposes of basic earnings per share 4,976,275,431 4,628,850,686 4,221,765,945 Basic earnings per share $0.03 $0.04 $0.09 * Diluted earnings per share The earnings used in the calculation of diluted earnings per share are as follows: Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Earnings used in the calculation of basic earnings per share 127,755 179,679 376,630 Interest expense from convertible bonds — 905 16,352 Earnings used in the calculation of diluted earnings per share 127,755 180,584 392,982 Weighted average number of ordinary shares used in the calculation of basic earnings per share 4,976,275,431 4,628,850,686 4,221,765,945 Employee option and restricted share units 36,411,011 44,496,788 36,240,710 Convertible bonds — 38,241,356 575,099,614 Perpetual subordinated convertible securities — 1,848,513 — Weighted average number of ordinary shares used in the calculation of diluted earnings per share 5,012,686,442 4,713,437,343 4,833,106,269 Diluted earnings per share $0.03 $0.04 $0.08 During the year ended December 31, 2018, the Group had 14,115,014 weighted average outstanding employee stock options (2017: 5,214,138 and 2016: 19,757,421*) excluded from the computation of diluted earnings per share due to the exercise price higher than the average market price of the ordinary shares, 371,589,975 potential shares upon the conversion of convertible bonds (2017: 377,137,509 and 2016: nil) and 163,815,024 potential shares upon the conversion of perpetual subordinated convertible securities (2017: nil and 2016: nil) excluded from the computation of diluted earnings per share due to anti-dilutive effect. *

Property, plant and equipment (

Property, plant and equipment (Tables)	12 Months Ended
	Dec. 31, 2018
Property, plant and equipment
Schedule of property, plant and equipment activity	Construction Plant and Office in progress Land Buildings equipment equipment (CIP) Total USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Cost Balance at December 31, 2015 — 588,820 9,404,456 134,858 1,206,831 11,334,965 Business combination 2,485 42,612 63,519 290 4,213 113,119 Transfer from (out) CIP — 93,535 2,338,662 34,546 (2,466,743) — Addition — — — — 2,597,970 2,597,970 Disposals — — (283,420) (2,136) (9,257) (294,813) Balance at December 31, 2016 2,485 724,967 11,523,217 167,558 1,333,014 13,751,241 Transfer from (out) CIP — 174,143 1,696,092 31,355 (1,901,590) — Addition — — — — 2,425,697 2,425,697 Disposals — (28,543) (767,210) (3,588) (5,518) (804,859) Balance at December 31, 2017 2,485 870,567 12,452,099 195,325 1,851,603 15,372,079 Transfer from (out) CIP — 44,127 1,142,788 32,997 (1,219,912) — Addition — — — — 1,757,031 1,757,031 Disposals — (1,089) (593,647) (2,528) (27,862) (625,126) Deconsolidation of subsidiary due to loss of control — — (375) — (8,275) (8,650) Reclassified as held-for-sale (Note 25) (2,485) (43,182) (98,253) (8,550) (13,790) (166,260) Exchange differences — — (19,615) (322) (2,723) (22,660) Balance at December 31, 2018 — 870,423 12,882,997 216,922 2,336,072 16,306,414 Construction Plant and Office in progress Land Buildings equipment equipment (CIP) Total USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Accumulated depreciation and impairment Balance at December 31, 2015 — 135,538 7,157,258 111,457 26,894 7,431,147 Disposal — (289) (33,917) (2,136) (11,611) (47,953) Depreciation expense — 18,133 639,986 15,042 — 673,161 Impairment loss — — — — 7,529 7,529 Balance at December 31, 2016 — 153,382 7,763,327 124,363 22,812 8,063,884 Disposal — (5,819) (108,370) (1,822) (5,231) (121,242) Depreciation expense — 41,243 839,351 25,440 — 906,034 Balance at December 31, 2017 — 188,806 8,494,308 147,981 17,581 8,848,676 Disposal — (924) (266,143) (2,459) (7,011) (276,537) Depreciation expense — 37,031 928,978 28,633 — 994,642 Impairment loss — — 990 — — 990 Deconsolidation of subsidiary due to loss of control — — (78) — — (78) Reclassified as held-for-sale (Note 25) — (4,206) (28,017) (4,514) — (36,737) Exchange differences — — (2,431) (81) — (2,512) Balance at December 31, 2018 — 220,707 9,127,607 169,560 10,570 9,528,444 Construction Plant and Office in progress Land Buildings equipment equipment (CIP) Total USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Balance at December 31, 2016 2,485 571,585 3,759,890 43,195 1,310,202 5,687,357 Balance at December 31, 2017 2,485 681,761 3,957,791 47,344 1,834,022 6,523,403 Balance at December 31, 2018 — 649,716 3,755,390 47,362 2,325,502 6,777,970

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Dec. 31, 2018
Intangible assets
Schedule of changes in goodwill and other intangible assets	Other intangible Goodwill assets Total USD’000 USD’000 USD’000 Cost Balance at December 31, 2015 — 391,177 391,177 Business combination 3,933 8,088 12,021 Additions — 67,936 67,936 Expired and disposal — (21,164) (21,164) Balance at December 31, 2016 3,933 446,037 449,970 Additions — 34,461 34,461 Balance at December 31, 2017 3,933 480,498 484,431 Additions — 8,749 8,749 Deconsolidation of subsidiary due to loss of control — (40,509) (40,509) Reclassified as held-for-sale (3,933) (8,340) (12,273) Exchange differences — (2,790) (2,790) Balance at December 31, 2018 — 437,608 437,608 Accumulated amortization and impairment Balance at December 31, 2015 — 166,898 166,898 Amortization expense for the year — 55,080 55,080 Expired and disposal — (20,589) (20,589) Balance at December 31, 2016 — 201,389 201,389 Amortization expense for the year — 63,098 63,098 Balance at December 31, 2017 — 264,487 264,487 Amortization expense for the year (1) — 51,595 51,595 Impairment loss (2) — 8,228 8,228 Deconsolidation of subsidiary due to loss of control — (4,748) (4,748) Reclassified as held-for-sale — (4,061) (4,061) Exchange differences — (747) (747) Balance at December 31, 2018 — 314,754 314,754 Balance at December 31, 2016 3,933 244,648 248,581 Balance at December 31, 2017 3,933 216,011 219,944 Balance at December 31, 2018 — 122,854 122,854 (1) Amortization expenses are mainly included in cost of sales (US$31.0 million, 2017: US$36.8 million and 2016: US$37.8 million) and research and development expenses, net (US$18.8 million, 2017: US$20.5 million and 2016: US$17.2 million). (2) In 2018, the Group recorded US$8.2 million (2017: nil and 2016: nil) impairment loss of other intangible assets due to the recoverable amount of a batch of intellectual property was estimated to be less than its carrying amount. The whole amount of impairment loss in 2018 was recognized as other operating expense in profit or loss.

Subsidiaries (Tables)

Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2018
Subsidiaries
Details of the Company's subsidiaries	Proportion of Place of Proportion of voting power establishment Class of Paid up ownership interest held by the Name of company and operation shares held registered capital held by the Company Company Principal activities Better Way Enterprises Limited (“Better Way”)# Samoa Ordinary USD 1,000,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Shanghai) Corporation (“SMIS” or “SMIC Shanghai”)# People’s Republic of China -the “PRC” Ordinary USD 1,770,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SMIC, Americas United States of America Ordinary USD 500,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Beijing) Corporation (“SMIB” or “SMIC Beijing”)# PRC Ordinary USD 1,000,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SMIC Japan Japan Ordinary JPY 10,000,000 Directly 100 % 100 % Provision of marketing related activities SMIC Europe S.R.L Italy Ordinary EUR 100,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Solar Cell) Corporation Cayman Islands Ordinary USD 11,000 Directly 100 % 100 % Investment holding SMIC Investment (Shanghai) Corporation (formerly “SMIC Commercial (Shanghai) Limited Company”) PRC Ordinary USD 465,800,000 Directly 100 % 100 % Provision of marketing related activities Semiconductor Manufacturing International (Tianjin) Corporation (“SMIT” or “SMIC Tianjin”)# PRC Ordinary USD 770,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SMIC Development (Chengdu) Corporation (“SMICD”)# PRC Ordinary USD 5,000,000 Directly 100 % 100 % Construction, operation, and management of SMICD’s living quarters, schools, and supermarket Semiconductor Manufacturing International (BVI) Corporation (“SMIC (BVI)”)# British Virgin Islands Ordinary USD 10 Directly 100 % 100 % Provision of marketing related activities Admiral Investment Holdings Limited British Virgin Islands Ordinary USD 10 Directly 100 % 100 % Investment holding SMIC Shanghai (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SMIC Beijing (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SMIC Tianjin (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SilTech Semiconductor Corporation Cayman Islands Ordinary USD 10,000 Directly 100 % 100 % Investment holding SMIC Shenzhen (Cayman) Corporation Cayman Islands Ordinary USD 50,000 Directly 100 % 100 % Investment holding SMIC New Technology Research & Development (Shanghai) Corporation (formerly “SMIC Advanced Technology Research & Development (Shanghai) Corporation”) PRC Ordinary USD 400,000,000 Indirectly 97.450 % 97.450 % Research and development activities SMIC Holdings Corporation PRC Ordinary USD 50,000,000 Directly 100 % 100 % investment holding SJ Semiconductor Corporation Cayman Islands Ordinary and preferred USD 5,668 Directly 56.045 % 56.045 % Investment holding Magnificent Tower Limited British Virgin Islands Ordinary USD 50,000 Indirectly 100 % 100 % investment holding SMIC Hong Kong International Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % investment holding SMIC Beijing (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SMIC Tianjin (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SMIC Solar Cell (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SMIC Shenzhen (HK) Company Limited Hong Kong Ordinary HKD 1 Indirectly 100 % 100 % Investment holding SilTech Semiconductor (Hong Kong) Corporation Limited Hong Kong Ordinary HKD 1,000 Indirectly 100 % 100 % Investment holding Semiconductor Manufacturing International (Shenzhen) Corporation(“SMIZ” or “SMIC Shenzhen”)# PRC Ordinary USD 700,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products SilTech Semiconductor (Shanghai) Corporation Limited (“SilTech Shanghai”)# PRC Ordinary USD 12,000,000 Indirectly 100 % 100 % Manufacturing and trading of semiconductor products Semiconductor Manufacturing North China (Beijing) Corporation (“SMNC”)# (2) PRC Ordinary USD 3,900,000,000 Indirectly 51 % 51 % Manufacturing and trading of semiconductor products China IC Capital Co., Ltd PRC Ordinary RMB 1,342,500,000 Indirectly 100 % 100 % Investment holding China IC Capital (Ningbo) Co., Ltd PRC Ordinary RMB 199,500,000 Indirectly 100 % 100 % Investment holding Shanghai Hexin Investment Management Limited Partnership PRC Ordinary RMB 50,000,000 Indirectly 99 % 99 % Investment holding SJ Semiconductor (HK) Limited Hong Kong Ordinary HKD 1,000 Indirectly 56.045 % 56.045 % Investment holding SJ Semiconductor (Jiangyin) Corporation (“SJ Jiangyin”)# PRC Ordinary USD 259,500,000 Indirectly 56.045 % 56.045 % Bumping and circuit probe testing activities LFoundry S.r.l. (“LFoundry”)# (3) Italy Ordinary EUR 2,000,000 Indirectly 70 % 70 % Manufacturing and trading of semiconductor products Semiconductor Manufacturing South China Corporation (“SMSC”)# (1) PRC Ordinary USD 2,152,475,706 Indirectly 51.320 % 51.320 % Manufacturing and trading of semiconductor products SJ Semiconductor USA Co. United States of America Ordinary USD 500,000 Indirectly 56.045 % 56.045 % Provision of marketing related activities SMIC (Sofia) EOOD Bulgaria Ordinary BGN 1,800,000 Indirectly 100 % 100 % Designing activities SMIC Innovation Design Center (Ningbo) Co., Ltd. PRC Ordinary — Indirectly 100 % 100 % Designing activities North China IC Innovation Center (Beijing) Co., Ltd PRC Ordinary RMB 1,000,000 Indirectly 51 % 51 % Designing activities # (1) On January 30, 2018, SMIC Holdings Corporation (“SMIC Holdings”), SMIC Shanghai, China Integrated Circuit Industry Investment Fund Co., Ltd (“China IC Fund”) and Shanghai Integrated Circuit Industry Investment Fund Co., Ltd (“Shanghai IC Fund”) entered into the joint venture agreement and the capital contribution agreement pursuant to which SMIC Holdings, China IC Fund and Shanghai IC Fund agreed to make cash contribution to the registered capital of SMSC in the amount of US$1.5435 billion, US$946.5 million and US$800.0 million, respectively. As a result of the capital contribution: (i) the registered capital of SMSC will increase from US$210.0 million to US$3.5 billion; (ii) the Company’s equity interest in SMSC, through SMIC Holdings and SMIC Shanghai, will decrease from 100% to 50.1%; and (iii) SMSC will be owned as to 27.04% and 22.86% by China IC Fund and Shanghai IC Fund, respectively. The capital contribution is not completed as of the date of this annual report. (2) On August 10, 2017, the Company, SMIC Beijing, SMIC Holdings, China Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Semiconductor Manufacturing and Equipment Equity Investment Centre (Limited Partnership), Beijing Industrial Development Investment Management Co., Ltd., Zhongguancun Development Group and Beijing E-Town International Investment & Development Co., Ltd. agreed to amend the previous joint venture agreement through the amended joint venture agreement, pursuant to which: (i) the Company, SMIC Beijing and SMIC Holdings have agreed to make further cash contribution of US$1,224 million into the registered capital of SMNC. The Company’s aggregate shareholding in SMNC will remain at 51%; (ii) China IC Fund has agreed to make further cash contribution of US$900.0 million into the registered capital of the Joint Venture Company. Its shareholding in the Joint Venture Company will increase from 26.5% to 32%; and (iii) E-Town Capital has agreed to make cash contribution of US$276 million into the registered capital of the Joint Venture Company representing 5.75% of the enlarged registered capital of the Joint Venture Company. The capital contribution is expected to be completed before the end of 2019. (3) On June 24, 2016, the Company, LFoundry Europe GmbH (“LFoundry Europe”) and Marsica Innovation S.p.A (“Marsica”) entered into a sale and purchase agreement pursuant to which LFoundry Europe and Marsica agreed to sell and the Company agreed to purchase 70% of the corporate capital of LFoundry for an aggregate cash consideration of EUR49.0 million (approximately US$54.4 million), including a goodwill amounted to US$3.9 million. The goodwill attributable to the workforce and the high profitability of the acquired business will not be deductible for tax purposes. The acquisition was completed on July 29, 2016.
Subsidiaries with material non-controlling interests
Subsidiaries
Details of the Company's subsidiaries	Place of Proportion of ownership interests establishment and voting rights held by Profit (loss) allocated to non- Accumulated non-controlling Name of company and operation non-controlling interests controlling interests interests 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 SMNC and its subsidiaries Beijing, PRC 49.0 % 49.0 % 49.0 % (39,213) (39,113) (55,868) 1,726,377 1,324,590 1,069,703 SMSC Shanghai, PRC 48.7 % — — (5,349) — — 1,042,551 — — SJ Semiconductor Corporation Cayman Islands 44.0 % 44.0 % 44.0 % (2,493) (4,896) (3,545) 122,505 124,180 135,669 (47,055) (44,009) (59,413) 2,891,433 1,448,770 1,205,372
Semiconductor Manufacturing North China (Beijing) Corporation ("SMNC")
Subsidiaries
Summarized financial information	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 2,582,534 1,559,016 1,103,214 Non-current assets 1,918,935 2,046,290 1,807,207 Current liabilities (629,152) (596,500) (409,898) Non-current liabilities (358,793) (315,718) (327,995) Net assets 3,513,524 2,693,088 2,172,528 Equity attributable to owners of the Company 1,787,147 1,368,498 1,102,825 Non-controlling interests 1,726,377 1,324,590 1,069,703 Net assets 3,513,524 2,693,088 2,172,528 Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Revenue 597,257 471,174 243,715 Expense (709,627) (574,386) (339,910) Other income (expense) 32,345 23,389 (19,480) Loss for the year (80,025) (79,823) (115,675) Loss attributable to owners of the Company (40,812) (40,710) (59,807) Loss attributable to the non-controlling interests (39,213) (39,113) (55,868) Loss for the year (80,025) (79,823) (115,675) Total comprehensive loss attributable to owners of the Company (40,812) (40,710) (59,807) Total comprehensive loss attributable to the non-controlling interests (39,213) (39,113) (55,868) Total comprehensive loss for the year (80,025) (79,823) (115,675) Dividends paid to non-controlling interests — — — Net cash inflow (outflow) from operating activities 101,384 188,115 (13,082) Net cash outflow from investing activities (936,942) (820,606) (1,627,788) Net cash inflow from financing activities 890,109 590,091 1,655,011 Net cash inflow (outflow) 54,551 (42,400) 14,141
Semiconductor Manufacturing South China Corporation
Subsidiaries
Summarized financial information	12/31/18 USD’000 Current assets 2,031,682 Non-current assets 166,037 Current liabilities (58,254) Net assets 2,139,465 Equity attributable to owners of the associate 1,096,914 Non-controlling interests 1,042,551 Net assets 2,139,465 Year ended 12/31/18 USD’000 Revenue — Expense (19,625) Other income 4,336 Loss for the year (15,289) Loss attributable to owners of the Company (9,940) Loss attributable to the non-controlling interests (5,349) Loss for the year (15,289) Total comprehensive loss attributable to owners of the Company (9,940) Total comprehensive loss attributable to the non- controlling interests (5,349) Total comprehensive loss for the year (15,289) Dividends paid to non-controlling interests — Net cash outflow from operating activities (10,775) Net cash outflow from investing activities (1,937,066) Net cash inflow from financing activities 1,951,830 Net cash inflow 3,989
SJ Semiconductor Corporation
Subsidiaries
Summarized financial information	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 141,016 205,957 224,737 Non-current assets 180,061 131,041 102,790 Current liabilities (38,280) (46,608) (11,656) Non-current liabilities (4,257) (7,002) (5,421) Net assets 278,540 283,388 310,450 Equity attributable to owners of the Company 156,035 159,208 174,781 Non-controlling interests 122,505 124,180 135,669 Net assets 278,540 283,388 310,450 Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Revenue 51,042 21,862 12,782 Expense (68,011) (39,504) (27,300) Other income 11,303 6,505 6,564 Loss for the year (5,666) (11,137) (7,954) Loss attributable to owners of the Company (3,173) (6,241) (4,409) Loss attributable to the non-controlling interests (2,493) (4,896) (3,545) Loss for the year (5,666) (11,137) (7,954) Total comprehensive loss attributable to owners of the Company (3,173) (6,241) (4,409) Total comprehensive loss attributable to the non- controlling interests (2,493) (4,896) (3,545) Total comprehensive loss for the year (5,666) (11,137) (7,954) Dividends paid to non-controlling interests — — — Net cash inflow (outflow) from operating activities 14,429 6,115 (1,194) Net cash inflow (outflow) from investing activities 1,144 (65,993) (147,752) Net cash inflow (outflow) from financing activities 69 (1,983) 109,291 Net cash inflow (outflow) 15,642 (61,861) (39,655)

Investments in associates (Tabl

Investments in associates (Tables)	12 Months Ended
	Dec. 31, 2018
Investments in associates
Schedule of investments in associates	Class of Proportion of ownership interest Place of establishment share and voting power held Name of company and operation held by the Group 12/31/18 12/31/17 12/31/16 Toppan SMIC Electronic (Shanghai) Co., Ltd (“Toppan”) Shanghai, PRC Ordinary 30.0 % 30.0 % 30.0 % Zhongxin Xiecheng Investment (Beijing) Co., Ltd (“Zhongxin Xiecheng”) Beijing, PRC Ordinary 49.0 % 49.0 % 49.0 % Brite Semiconductor (Shanghai) Corporation (“Brite Shanghai”) (3) Shanghai, PRC Ordinary 46.6 % 46.6 % 47.3 % Suzhou Changjiang Electric Xinke Investment Co., Ltd. (“Changjiang Xinke”) Jiangsu, PRC Ordinary — — 19.6 % Jiangsu Changjiang Electronics Technology Co., Ltd. (“JCET”) (5) Jiangsu, PRC Ordinary 14.3 % (1) 14.3 % (1) NA Sino IC Leasing Co., Ltd. (“Sino IC Leasing”) Shanghai, PRC Ordinary 7.4 % (1) 8.1 % (1) 11.4 % (1) China Fortune-Tech Capital Co., Ltd (“China Fortune-Tech”) Shanghai, PRC Ordinary 19.5 % (1) 30.0 % 30.0 % Beijing Wu Jin Venture Investment Center (Limited Partnership) (“WuJin”) (2) Beijing, PRC Limited partner interest 32.6 % 32.6 % 32.6 % Shanghai Fortune-Tech Qitai Invest Center (Limited Partnership) (“Fortune-Tech Qitai”) (2) Shanghai, PRC Limited partner interest 33.0 % 33.0 % 33.0 % Shanghai Fortune-Tech Zaixing Invest Center (Limited Partnership) (“Fortune-Tech Zaixing”) (2) Shanghai, PRC Limited partner interest 66.2 % (1) 66.2 % (1) 66.2 % (1) Suzhou Fortune-Tech Oriental Invest Fund Center (Limited Partnership) (“Fortune-Tech Oriental”) (2) Jiangsu, PRC Limited partner interest 44.8 % 44.8 % 44.8 % Juyuan Juxin Integrated Circuit Fund (“Juyuan Juxin”) (2) Shanghai, PRC Limited partner interest 31.6 % 31.6 % 40.9 % Ningbo Semiconductor International Corporation (“NSI”) (4) Ningbo, PRC Ordinary 38.6 % NA NA Semiconductor Manufacturing Electronics (Shaoxing) Corporation (“SMEC”) Shaoxing, PRC Ordinary 23.5 % NA NA Semiconductor Global Solutions (“SGS”) Ningbo, PRC Ordinary 35.0 % NA NA Shanghai IC Manufacturing Innovation Center Co., Ltd (“Shanghai Innovation Center”) Shanghai, PRC Ordinary 50.0 % (1) NA NA (1) In accordance with investment agreements, the Group has significant influence, but not control, over JCET, Sino IC Leasing, China Fortune-Tech, Fortune-Tech Zaixing and Shanghai Innovation Center through the right the Group owned to appoint director(s) to the Board of directors of these companies or to cast voters at the partners meeting of the partnership entity. (2) The Group invested in these associates indirectly though China IC Capital Co., Ltd (the “Fund”), a wholly-owned investment fund company of SMIC, as set out in Note 1 8 . The Fund is intended to invest primarily in integrated circuits related fund products and investment projects. (3) Since September 30, 2017, the Group invested Brite Shanghai directly with no more investment in Brite Semiconductor Corporation, the holding company of Brite Shanghai. (4) On March 22, 2018, NSI, SMIC Holdings and China IC Fund entered into the equity transfer agreement, pursuant to which SMIC Holdings has agreed to sell the equity Interest to China IC Fund. Upon the completion of the equity transfer, the shareholding of SMIC Holdings in NSI will decrease from approximately 66.76% to 38.59%, and NSI will cease to be a subsidiary of the Company and its financial results will cease to be consolidated with the Group’s results. The equity transfer has been completed in April 2018 and the Group recorded its ownership interest of NSI as investment in associate. On March 23, 2018, NSI, SMIC Holdings, China IC Fund, Ningbo Senson Electronics Technology Co., Ltd, Beijing Integrated Circuit Design and Testing Fund, Ningbo Integrated Circuit Industry Fund and Infotech National Emerging Fund entered into the capital increase agreement, pursuant to which (i) SMIC Holdings has agreed to make further cash contribution of RMB565.0 million (approximately US$89.4 million) into the registered capital of NSI. Its shareholding in NSI will decrease from approximately 38.59% to approximately 38.57%; (ii) China IC Fund has agreed to make further cash contribution of RMB500.0 million (approximately US$79.2 million) into the registered capital of NSI. Its shareholding in NSI will increase from approximately 28.17% to approximately 32.97%. The all above parties’ performance of the Capital Contribution obligations will lead to an increase in the registered capital from RMB355 million to RMB1.82 billion (approximately US$56.2 million to US$288.1 million). On April 13, 2018, the Group lost control of NSI, but still has significant influence over it. The Group recorded its ownership interest of NSI as investment in associate. The remeasurement gain at the date of deconsolidation of NSI was US$3.5 million. The deconsolidation has no material impact on the consolidated financial statements. (5) On August 30, 2018, the Company has, through its wholly-owned subsidiary Siltech Semiconductor (Shanghai) Corporation Limited, completed a subscription for 34,696,198 shares in JCET in cash by way of private placement (the “Subscription”). The shares were subscribed at a price of RMB14.89 per share, with the total subscription price being RMB516.6 million (approximately US$75.9 million). Immediately before and after completion of the Subscription, the shareholding interest of the Company in JCET is 14.28%. The Company understands that JCET has completed the issue and registration procedures of these shares, including listing of the shares on the Shanghai Stock Exchange. The newly subscribed shares will not be transferrable by the Company for 36 months after completion of the Subscription. (6) On August 10, 2018, SMIC Holdings, Sino IC Leasing and other investors had agreed to amend the joint venture agreement dated March 1, 2018 through the Amended JV Agreements, pursuant to which: (i) SMIC Holdings will not make additional capital contribution, but Sino IC Leasing and other investors will make additional capital contributions in the registered capital of SGS in US$5.0 million and US$5.0 million, respectively (ii) the Company’s equity interest in SGS, through SMIC Holdings, will decrease from 60.00% to 30.00%; and (iii) SGS will be owned by China IC Fund, through Sino IC Leasing, as to approximately 8.08%. The capital contribution is not completed as of the date of this annual report. Subject to the amended joint venture agreement, revised on July 20, 2017, the Company agreed to increase its capital contribution obligation towards Sino IC Leasing from RMB600.0 million to RMB800.0 million (from approximately US$88.3 million to US$117.8 million), while its shareholding in Sino IC Leasing decreased to approximately 7.44%.
JCET
Investments in associates
Schedule of summarized financial information and reconciliation to the carrying amount of the interest in the associate	09/30/18 09/30/17 USD’000 USD’000 Current assets 1,803,128 1,401,575 Non-current assets 3,456,513 3,305,615 Current liabilities (2,214,747) (1,639,114) Non-current liabilities (1,081,027) (1,661,532) Net assets 1,963,867 1,406,544 Equity attributable to owners of the associate 1,942,894 1,385,372 Non-controlling interests 20,973 21,172 Net assets 1,963,867 1,406,544 Twelve months Three months ended ended 09/30/18 09/30/17 USD’000 USD’000 Total revenue 3,645,925 958,087 Profit attributable to owners of the associate 28,439 11,480 Profit attributable to the non-controlling interests 3,252 628 Profit for the period 31,691 12,108 Other comprehensive income (loss) for the period 47,529 (19,986) Total comprehensive income (loss) for the period 79,220 (7,878) Total comprehensive income (loss) attributable to owners of the associate 76,299 (8,496) Total comprehensive income attributable to the non-controlling interests 2,921 618 Total comprehensive income (loss) for the period 79,220 (7,878) Dividends received from the associate during the period 761 - Reconciliation of the above summarized financial information to the carrying amount of the interest in the associate recognized in the consolidated financial statements: 09/30/18 09/30/17 USD’000 USD’000 Equity attributable to owners of the associate 1,942,894 1,385,372 Proportion of the Group’s ownership interest in JCET 14.3 % 14.3 % 277,446 197,832 Valuation premium 338,967 340,561 Carrying amount of the Group’s interest in JCET 616,413 538,393
Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Investments in associates
Schedule of summarized financial information and reconciliation to the carrying amount of the interest in the associate	09/30/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 2,423,414 1,038,538 702,570 Non-current assets 4,056,971 3,464,412 1,859,267 Current liabilities (1,441,959) (523,228) (117,287) Non-current liabilities (3,241,264) (2,509,732) (1,653,206) Net assets 1,797,162 1,469,990 791,344 Equity attributable to owners of the associate 1,682,794 1,366,367 776,959 Non-controlling interests 114,368 103,623 14,385 Net assets 1,797,162 1,469,990 791,344 Nine months Twelve months Twelve months ended ended ended 09/30/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Total revenue 214,515 215,538 36,085 Profit attributable to owners of the associate 48,505 39,003 12,938 Profit attributable to the non-controlling interests 1,610 460 48 Profit for the period 50,115 39,463 12,986 Other comprehensive income (loss) for the period 16,253 (10,206) 3,594 Total comprehensive income for the period 66,368 29,257 16,580 Total comprehensive income attributable to owners of the associate 64,758 28,797 16,532 Total comprehensive income attributable to the non-controlling interests 1,610 460 48 Total comprehensive income the period 66,368 29,257 16,580 Dividends received from the associate during the period — 255 — Reconciliation of the above summarized financial information to the carrying amount of the interest in the associate recognized in the consolidated financial statements: 09/30/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Equity attributable to owners of the associate 1,682,794 1,366,367 776,959 Proportion of the Group’s ownership interest in Sino IC Leasing 7.4 % 8.1 % 11.4 % 125,156 110,162 88,651 Dividends received in advance (316) — — Less: unrealized profit from Sino IC Leasing (580) — — Carrying amount of the Group’s interest in Sino IC Leasing 124,260 110,162 88,651
NSI
Investments in associates
Schedule of summarized financial information and reconciliation to the carrying amount of the interest in the associate	12/31/18 USD’000 Current assets 137,120 Non-current assets 146,664 Current liabilities (18,291) Net assets 265,493 Nine months ended 12/31/18 USD’000 Total revenue 4,186 Profit for the period 3,131 Total comprehensive income for the period 3,131 Dividends received from the associate during the period — Reconciliation of the above summarized financial information to the carrying amount of the interest in the associate recognized in the consolidated financial statements: 12/31/18 USD’000 Net assets of the associate 265,493 Proportion of the Group’s ownership interest in NSI 38.6 % 102,405 Valuation premium 1,509 Less: unrealized profit from NSI (816) Carrying amount of the Group’s interest in NSI 103,098

Investments in joint ventures (

Investments in joint ventures (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of joint operations [line items]
Schedule of investments in joint ventures	Class Proportion of ownership interest Place of establishment of share and voting power held Name of company and operation held by the Group 12/31/18 12/31/17 12/31/16 Shanghai Xinxin Investment Centre (Limited Partnership) (“Shanghai Xinxin”) Shanghai, PRC Limited partner interest 49.0 % 49.0 % 49.0 % Shanghai Chengxin Investment Center (Limited Partnership) (“Shanghai Chengxin”) Shanghai, PRC Limited partner interest 31.5 % 31.5 % 42.0 %
Shanghai Xinxin Investment Centre (Limited Partnership) ("Shanghai Xinxin")
Disclosure of joint operations [line items]
Schedule of summarized financial information and reconciliation to the carrying amount of the interest in the joint ventures	Shanghai Xinxin 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Current assets 3,956 1,453 10,679 Non-current assets 16,462 53,782 13,283 Current liabilities (268) (6) (7) Net assets 20,150 55,229 23,955 Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Total revenue — — — Profit (loss) for the year 4,827 (390) 4,540 Other comprehensive income for the year — 30,441 — Total comprehensive income for the year 4,827 30,051 4,540 Dividends received from the joint venture during the year 13,324 — 2,027 Reconciliation of the above summarized financial information to the carrying amount of the interest in the joint venture recognized in the consolidated financial statements: 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Net assets of the joint venture 20,150 55,229 23,955 Proportion of the Group’s ownership interest in Shanghai Xinxin 49.0 % 49.0 % 49.0 % 9,874 27,062 11,740 Distribution to general partner 3,179 — — Carrying amount of the Group’s interest in Shanghai Xinxin 13,053 27,062 11,740

Other financial assets (Tables)

Other financial assets (Tables)	12 Months Ended
	Dec. 31, 2018
Other financial assets
Other financial assets	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Financial assets Non-current Financial assets at fair value through profit or loss Listed equity securities — — Unlisted equity securities — — Derivative financial instruments Cross currency swap contracts – cash flow hedges 5,266 — — Other derivative financial instrument — — 32,894 Other financial assets Cross currency swap contracts – cash flow hedges — 17,598 — Other assets Available-for-sale financial assets — Current Financial assets at fair value through profit or loss Financial products sold by banks — — Financial assets at amortized cost Bank deposits will mature over 3 months — — Debentures (1) — — Trade and other receivables (Note 24) Derivative financial instruments Cross currency swap contracts – cash flow hedges — — Cross currency swap contracts — — Other financial assets Cross currency swap contracts – cash flow hedges — — Foreign currency forward contracts — — Financial products sold by banks — 117,928 24,931 Bank deposits will mature over 3 months — 559,034 6,612 2,939,642 1,342,562 732,225 (1) The credit risk on bank deposits will mature over 3 months is limited because the counterparties are banks with high credit-ratings. (2) On July 6, 2018 and August 10, 2018, SMIC Beijing has respectively subscribed for, an amount of RMB200.0 million (approximately US$30.2 million) and RMB100.0 million (approximately US$14.6 million) out of the total issue of an aggregate principal amount of RMB500.0 million of the oriented debt financing instrument issued by Sino IC Leasing, which was recorded as financial assets at amortized cost.
Other financial liabilities	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Financial liabilities Non-current Liabilities at amortized cost Borrowings (Note 30) 1,760,763 1,743,939 1,233,594 Convertible bonds (Note 31) 418,592 403,329 395,210 Bonds payable (Note 32) — 496,689 494,909 Medium-term notes (Note 33) — 228,483 214,502 Derivative financial instruments Cross currency swap contracts – cash flow hedges 15,540 — — Other financial liabilities Contingent consideration (1) 11,948 — — Cross currency swap contracts – cash flow hedges — 1,919 Other liabilities Contingent consideration (1) — 12,549 — Long-term payables (2) 39,128 57,593 — Current Liabilities at amortized cost Trade and other payables (Note 35) 964,860 1,007,424 897,606 Borrowings (Note 30) 530,005 440,608 209,174 Convertible bonds (Note 31) — — 391,401 Bonds payable (Note 32) 498,551 — — Medium-term notes (Note 33) 218,247 — — Short-term notes — — 86,493 Derivative financial instruments Cross currency swap contracts – cash flow hedges 15,806 — — Other financial liabilities Cross currency swap contracts – cash flow hedges — 742 6,348 Foreign currency forward contracts — 2 — Other liabilities Long-term payables (2) 32,263 40,627 — 4,505,703 4,433,904 4,003,407 (1) The group had contingent consideration in respect of a potential cash compensation accrued in 2017 that may be incurred depending on the profit of Changjiang Xinke during the three years of 2017, 2018 and 2019. Contingent consideration was reclassified from other liabilities to other financial liabilities as of January 1, 2018, compliment with IFRS 9. (2) Long-term payables for the purchased tangible and intangible assets were classified into the non-current and current liabilities respectively amounted to US$39.1 million and US$32.3 million as of December 31, 2018.
Fair value measurements recognized in the consolidated statement of financial position	Level 1 Level 2 Level 3 Total December 31, 2018 Valuation technique(s) and key input USD’000 USD’000 USD’000 USD’000 Financial assets Financial assets at fair value through profit or loss Listed equity securities Using quoted market prices 1,508 — — 1,508 Unlisted equity securities Using discounted cash flow analysis — — 53,964 53,964 Financial products sold by banks Using indicated return rate provided by financial institution — — 2,345 2,345 Monetary funds Using ovservable prices — 39,340 — 39,340 Cross currency swap contracts – cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 6,691 — 6,691 Cross currency swap contracts Using forward exchange rates at the balance sheet date — 1,158 — 1,158 1,508 47,189 56,309 105,006 Financial liabilities at fair value Derivative financial instruments Cross currency swap contracts – cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 31,346 — 31,346 Other financial liabilities Contingent consideration Using discounted cash flow analysis — — 11,948 11,948 — 31,346 11,948 43,294 Level 1 Level 2 Level 3 Total December 31, 2017 Valuation technique(s) and key input USD’000 USD’000 USD’000 USD’000 Financial assets measured at fair value Short-term investment carried at fair value through profit or loss Using indicated return rate provided by financial institution — — 117,928 117,928 Available-for-sale investment Using quoted market prices 2,531 — — 2,531 Available-for-sale investment Using discounted cash flow analysis — — 20,134 20,134 Cross currency swap contracts classified as other financial assets in the statement of financial position — cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 22,337 — 22,337 Foreign currency forward contracts classified as other financial assets in the statement of financial position Using forward exchange rates at the balance sheet date — 2,111 — 2,111 2,531 24,448 138,062 165,041 Financial liabilities measured at fair value Cross currency swap contracts classified as other financial liabilities in the statement of financial position — cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 2,661 — 2,661 Foreign currency forward contracts classified as other financial liabilities in the statement of financial position Using forward exchange rates at the balance sheet date — 2 — 2 Contingent consideration Using discounted cash flow analysis — — 12,549 12,549 — 2,663 12,549 15,212 Level 1 Level 2 Level 3 Total December 31, 2016 Valuation technique(s) and key input USD’000 USD’000 USD’000 USD’000 Financial assets measured at fair value Short-term investment carried at fair value through profit or loss Using indicated return rate provided by financial institution — — 24,931 24,931 Available-for-sale investment Using quoted market prices 4,713 — — 4,713 Available-for-sale investment Using discounted cash flow analysis — — 16,067 16,067 Derivative financial instrument Measured by Binomial Model with key assumptions including exercise multiple (75%), risk free rate of interest ((0.51%), expected volatility (24.5%) and rate of return (10%). — — 32,894 32,894 4,713 — 73,892 78,605 Financial liabilities measured at fair value Cross currency swap contracts classified as other financial liabilities in the statement of financial position — cash flow hedges Using the present value of the estimated future cash flows based on observable yield curves — 80,518 — 80,518

Restricted cash (Tables)

Restricted cash (Tables)	12 Months Ended
	Dec. 31, 2018
Restricted cash
Schedule of restricted cash	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Non-current — 13,438 20,080 Current (1) 592,290 336,043 337,699 592,290 349,481 357,779 (1) As of December 31, 2018, the current restricted cash consisted of US$185.8 million (December 31, 2017: US$14.9 million and December 31, 2016: US$2.9 million) of bank time deposits, which was pledged against letters of credit and short-term borrowings. As of December 31, 2018, the current restricted cash consisted of US$406.5 million (December 31, 2017: US$235.3 million and December 31, 2016: US$191.9 million) of government funding received, within which US$404.2 million was mainly for the reimbursement of research and development expenses to be incurred.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2018
Inventories
Schedule of inventories	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Raw materials 143,990 149,574 126,526 Work in progress 331,782 321,695 280,216 Finished goods 117,237 151,410 57,474 593,009 622,679 464,216

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Dec. 31, 2018
Trade and other receivables
Schedule of trade and other receivables	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Trade receivables 412,053 407,975 491,018 Allowance on doubtful trade receivables (Note 38) (2,155) (1,335) (1,491) 409,898 406,640 489,527 Other receivables (1) 364,143 203,410 146,583 Refundable deposits (2) 63,787 6,258 9,712 837,828 616,308 645,822 (1) As of December 31, 2018, the balance included the receivable from the sales of machinery and equipment to SMEC, amounted to US$68.9 million and the charge of purchase machinery and equipment to SMEC, amounted to US$35.6 million. (2) As of December 31, 2018, the balance included a deposit of investing in land use right, amounted US$45.5 million.
Schedule of aged analysis of trade receivables	12/31/18 12/31/17 12/31/16 Age of receivables USD’000 USD’000 USD’000 Within 30 days 219,813 148,131 274,087 31–60 days 141,852 187,623 179,453 Over 60 days 50,388 72,221 37,478 Total trade receivables 412,053 407,975 491,018

Assets and liabilities classi_2

Assets and liabilities classified as held-for-sale (Tables)	12 Months Ended
	Dec. 31, 2018
Assets and liabilities classified as held-for-sale
Schedule of assets and liabilities classified as held-for-sale	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Assets classified as held-for-sale Assets of disposal group as held-for-sale 255,330 — — Machinery and equipment 5,846 — — Assets related to employee’s living quarters 9,631 37,471 50,813 270,807 37,471 50,813 Liabilities directly associated with assets classified as held-for-sale Liabilities of disposal group as held-for-sale 143,447 — —
Schedule of assets and liabilities of disposal group classified as held-for-sale	12/31/18 Assets of disposal group as held-for-sale USD’000 Property, plant and equipment 123,677 Goodwill 3,933 Inventories 54,451 Restricted cash 12,960 Trade and other receivables 37,796 Cash and cash equivalent 14,554 Other assets 7,959 255,330 Liabilities of disposal group as held-for-sale Borrowings 58,467 Trade and other payables 37,296 Deferred tax liabilities 14,437 Defined benefited obligation 26,475 Other liabilities 6,772 143,447

Shares and issued capital (Tabl

Shares and issued capital (Tables)	12 Months Ended
	Dec. 31, 2018
Shares and issued capital
Fully paid ordinary shares	Number of Share Share shares capital Premium USD’000 USD’000 Balance at December 31, 2015 42,073,748,961 16,830 4,903,861 Issuance of shares under the Company’s employee share option plan 329,531,926 132 35,367 Conversion of convertible bonds during the year 105,128,132 42 11,023 Adjustment arising from the Share Consolidation (38,257,568,118) — — Issuance of shares under the Company’s employee share option plan after the Share Consolidation 2,081,358 8 697 Balance at December 31, 2016 4,252,922,259 17,012 4,950,948 Issuance of shares under the Company’s employee share option plan 32,723,622 130 35,178 Conversion of convertible bonds during the year 389,042,383 1,556 427,168 Share premium reduction — — (910,849) Ordinary shares issued at December 6, 2017 241,418,625 966 325,174 Balance at December 31, 2017 4,916,106,889 19,664 4,827,619 Issuance of shares under the Company’s employee share option plan (Note 37) 24,071,936 97 25,121 Ordinary shares issued at June 29, 2018 61,526,473 246 83,256 Ordinary shares issued at August 29, 2018 57,054,901 228 77,148 Shares bought back on-market and cancelled (18,941,000) (76) (19,981) Balance at December 31, 2018 5,039,819,199 20,159 4,993,163

Reserves (Tables)

Reserves (Tables)	12 Months Ended
	Dec. 31, 2018
Reserves
Schedule of amounts recognized in statement of financial position and movements in net defined benefit obligation	USD’000 As at August 1, 2016 27,569 Interest expense recognized in profit or loss 87 Actuarial gains recognized in other comprehensive income (1,520) Exchange differences (1,875) Contribution to employees (48) As at December 31, 2016 24,213 Interest expense recognized in profit or loss 376 Actuarial losses recognized in other comprehensive income 436 Exchange differences 3,455 Contribution to employees (318) Balance at December 31, 2017 28,162 Interest expense recognized in profit or loss 314 Actuarial gains recognized in other comprehensive income (129) Exchange differences (1,223) Contribution to employees (649) Balance at December 31, 2018 26,475
Schedule of significant actuarial assumptions	12/31/18 12/31/17 12/31/16 Discount rate (%) 1.38 % 1.18 % 1.37 % Inflation rate (%) 1.50 % 1.50 % 1.50 % Salary growth rate (%) 1.50 % 1.50 % 1.50 % Labor turnover rate (%) 2.65 % 2.65 % 2.65 % Probability of request of advances of TFR (%) 1.50 % 1.50 % 1.50 % Percentage required in case of advance (%) 70.00 % 70.00 % 70.00 % 12/31/18 12/31/17 12/31/16 Number of employees with TFR 1,390 1,485 1,421 Average age (years) 48 47 46 Average seniority (years) 22 20 20
Schedule of sensitivity analysis of defined benefit obligation	12/31/18 12/31/17 12/31/16 Discount rate (+0.5%) -5.59 % -5.85 % -6.05 % Discount rate (-0.5%) % % 6.61 % Rate of payments increases (+20%) -0.33 % -0.65 % -0.57 % Rate of payments decreases (-20%) % % 0.63 % Rate of price inflation increases (+0.5%) % % 3.94 % Rate of price inflation decreases (-0.5%) -3.56 % -3.72 % -3.86 % Rate of salary increases (+0.5%) — % — % — % Rate of salary decreases (-0.5%) — % — % — % Increase the retirement age (+1 year) % % 0.38 % Decrease the retirement age (-1 year) -0.43 % -0.52 % -0.40 % Increase longevity (+1 year) — % — % — % Decrease longevity (-1 year) — % — % — %

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2018
Borrowings
Schedule of borrowings	12/31/18 12/31/17 12/31/16 At amortized cost USD’000 USD’000 USD’000 Short-term commercial bank loans (1) 192,198 308,311 176,957 Short-term borrowings 192,198 308,311 176,957 2013 USD loan (SMIC Shanghai) — 10,760 10,760 2015 USD loan (SMIC Shanghai) — — 39,641 2015 CDB USD loan (SJ Jiangyin) — — 2,000 2015 CDB RMB loan I (SMIC Shanghai) (2) 145,705 153,041 144,155 2015 CDB RMB loan II (SMIC Shanghai) (3) 64,839 72,694 68,473 2015 CDB RMB loan (SMIC Beijing) (4) 26,227 29,231 28,110 2016 CDB RMB loan (SMIC Beijing) (5) 202,529 223,440 210,466 2017 CDB RMB loan (SMIC Shenzhen) (6) 322,153 185,792 — 2015 EXIM RMB loan (SMIC Shanghai) (7) 72,852 76,520 72,077 2017 EXIM RMB loan (SMIC Shanghai) (8) 145,705 153,041 — 2018 EXIM RMB loan I (SMIC Shanghai) (9) 138,419 — — 2016 EXIM RMB loan I (SMIC Beijing) — 36,730 34,597 2016 EXIM RMB loan II (SMIC Beijing) (10) 58,282 61,216 57,662 2017 EXIM RMB loan (SMIC Beijing) (11) 69,938 76,520 — 2018 EXIM RMB Loan I (SMIC Beijing) (12) 29,141 — — 2018 EXIM RMB Loan II (SMIC Beijing) (13) 34,969 — — 2016 EXIM RMB loan (SMIC) (14) 72,852 76,520 72,077 2017 EXIM RMB loan (SMIC Tianjin) (15) 72,852 76,520 — 2017 EXIM USD loan (SMIC Tianjin) — 25,000 — 2018 EXIM RMB loan (SMIC Tianjin) (16) 78,680 — — 2017 EXIM RMB loan (SMIC Shenzhen) (17) 68,481 76,520 — Loan to LFoundry — 55,036 43,214 Others (18) 494,946 487,655 482,579 Long-term borrowings 2,098,570 1,876,236 1,265,811 2,290,768 2,184,547 1,442,768 Current Short-term borrowings 192,198 308,311 176,957 Current maturities of long-term borrowings 337,807 132,297 32,217 530,005 440,608 209,174 Non-current Non-current maturities of long-term borrowings 1,760,763 1,743,939 1,233,594 2,290,768 2,184,547 1,442,768 Borrowing by repayment schedule: Within 1 year 530,005 440,608 209,174 Within 1–2 years 434,998 399,301 171,900 Within 2–5 years 895,135 877,315 698,070 Over 5 years 430,630 467,323 363,624 2,290,768 2,184,547 1,442,768 Summary of borrowing arrangements (1) As of December 31, 201 8 , the Group had 3 3 short-term credit agreements that provided total credit facilities up to US$2, 710.7 million on a revolving credit basis. As of December 31, 201 8 , the Group had drawn down US$ 192.2 million under these credit agreements. The outstanding borrowings under these credit agreements are unsecured. The interest rate on this loan facility ranged from 1 .9 3 % to 4 . 35 % in 201 8 . (2) In December 2015, SMIS entered into a loan facility in the aggregate principal amount of RMB1,00 0. 0 million with China Development Bank, which is guaranteed by SMIC. This fifteen-year bank facility was used for new SMIS’ 300mm fab. As of December 31, 201 8 , SMIS had drawn down RMB1,00 0. 0 million (approximately US$1 45.7 million) on this loan facility. The outstanding balance is repayable from November 2021 to November 2030. The interest rate on this loan facility was 1.20% in 201 8 . (3) In December 2015, SMIS entered into a loan facility in the aggregate principal amount of RMB47 5.0 million with China Development Bank, which is guaranteed by SMIC. This ten-year bank facility was used to expand the capacity of SMIS’ 300mm fab. As of December 31, 201 8 , SMIS had drawn down RMB47 5.0 million and repaid RMB30.0 million on on this loan facility. The outstanding balance RMB445.0 million (approximately US$ 64.8 million) is repayable from June 201 9 to December 2025. The interest rate on this loan facility was 1.20% in 201 8 . (4) In December 2015, SMIB entered into an RMB loan, a fifteen-year working capital loan facility in the principal amount of RMB19 5.0 million with China Development Bank, which is unsecured. As of December 31, 201 8 , SMIB had drawn down RMB19 5.0 million and repaid RMB15.0 million on this loan facility. The outstanding balance of RMB1 80.0 million (approximately US$2 6.2 million) is repayable from June 201 9 to December 2030. The interest rate on this loan facility was 1.20% in 201 8 . (5) In May 2016, SMIB entered into the RMB loan, a fifteen-year working capital loan facility in the principal amount of RMB1,46 0. 0 million with China Development Bank, which is guaranteed by SMIC. As of December 31, 201 8 , SMIB had drawn down RMB1,46 0. 0 million and repaid RMB70.0 million on this loan facility. The outstanding balance of RMB1,390.0 million (approximately US$2 02.5 million) is repayable from May 201 9 to May 2031. The interest rate on this loan facility was 1.20% in 201 8 . (6) In December 201 7 , SMI Z entered into a loan facility in the aggregate principal amount of RMB 5,400.0 million with China Development Bank, which is unsecured. This seven -year bank facility was used to finance the planned expansion for SMIZ’s 300mm fab. As of December 31, 201 8 , SMI Z had drawn down RMB 2,211.0 million (approximately US$ 322.2 million) on this loan facility. The outstanding balance is repayable from December 2019 to December 20 24 . The interest rate on this loan facility was 4 . 46 % per annum in 201 8 . (7) In December 201 5 , SMI S entered into a loan facility in the aggregate principal amount of RMB 500.0 million with The Export-Import Bank of China , which is unsecured. This three -year bank facility was used for working capital purposes. In December 2018, the tenor of this bank facility was extended for one and a half years. As of December 31, 201 8 , SMI S had drawn down RMB 500.0 million (approximately US$ 72.9 million) on this loan facility. The outstanding balance is repayable in June 20 20 . The interest rate on this loan facility was 2 . 65 % in 201 8 . (8) In March 2017, SMIS entered into a loan facility in the aggregate principal amount of RMB1,000.0 million with The Export-Import Bank of China, which is unsecured. This two-year bank facility as used for working capital purposes. As of December 31, 201 8 , SMIS had drawn down RMB1,000.0 million (approximately US$1 45.7 million) on this loan facility. The outstanding balance is repayable in March and March 2019. The interest rate on this loan facility is 2.65% per annum in 201 8 . (9) In October 2018, SMIS entered into a loan facility in the aggregate principal amount of RMB 950. 0 million with The Export-Import Bank of China, which is unsecured. This two-year bank facility was used for working capital purposes. As of December 31, 2018, SMIS had drawn down RMB 950. 0 million (approximately US$ 138.4 million) on this loan facility. The outstanding balance is repayable in October 2020. The interest rate on this loan facility is 2. 92 % per annum in 2018. (10) In January 2016, SMIB entered into the RMB loan, a three-year working capital loan facility in the principal amount of RMB40 0. 0 million with The Export-Import Bank of China, which is unsecured. This three-year bank facility was used for working capital purposes. As of December 31, 201 8 , SMIB had drawn down RMB40 0. 0 million (approximately US$ 58.3 million) on this loan facility. The principal amount is repayable in January 2019. The interest rate on this loan facility was 2.65% in 201 8 . (11) In September 201 7 , SMIB entered into the new RMB loan in the aggregate principal amount of RMB 5 0 0. 0 million with The Export-Import Bank of China, which is unsecured . This five -year bank facility was used for SMIB’s 300mm fab . As of December 31, 201 8 , SMIB had drawn down RMB 5 0 0. 0 million and repaid RMB20.0 million on this loan facility. The outstanding balance RMB480.0 million (approximately US$ 69.9 million) is repayable from March 2019 to September 2022 . The interest rate on this loan facility was 2. 92 % per annum in 201 8 . (12) In June 2018, SMIB entered into a loan facility in the aggregate principal amount of RMB200. 0 million with The Export-Import Bank of China, which is secured by bank time deposits. This two -year bank facility was used for SMIB’s 300mm fab. As of December 31, 2018, SMIB had drawn down RMB200. 0 million (approximately US$29.1 million) on this loan facility. The outstanding balance is repayable in June 2020. The interest rate on this loan facility is 2 . 92 % per annum in 2018. (13) In December 2018, SMIB entered into the RMB loan, a two-year working capital loan facility in the principal amount of RMB240.0 million with The Export-Import Bank of China, which is unsecured. This two-year bank facility was used for working capital purposes. As of December 31, 2018, SMIB had drawn down RMB240.0 million (approximately US$35.0 million) on this loan facility. The outstanding balance is repayable in December 2020. The interest rate on this loan facility was 2.92% in 2018. (14) In May 2016, SMIC entered into a loan facility in the aggregate principal amount of RMB50 0. 0 million with The Export-Import Bank of China, which is unsecured. This three-year bank facility was used for working capital purposes. As of December 31, 201 8 , SMIC had drawn down RMB50 0. 0 million (approximately US$7 2.9 million) on this loan facility. The outstanding balance is repayable in May 2019. The interest rate on this loan facility was 4 . 04 % in 201 8 . (15) In February 2017, SMI T entered into the new RMB loan , a three-year working capital loan facility in the principal amount of RMB 5 0 0. 0 million with The Export-Import Bank of China, which is unsecured . This three -year bank facility was use d for working capital purposes. As of December 31, 201 8 , SMI T had drawn down RMB 5 0 0. 0 million (approximately US$ 72.9 million) on this loan facility. The outstanding balance is repayabl e in February 2020 . The interest rate on this loan facility was 4 . 04 % per annum in 201 8 . (16) In December 2018, SMIT entered into a loan facility in the aggregate principal amount of RMB540. 0million with The Export-Import Bank of China, which is unsecured. This five -year bank facility was used to finance the planned expansion for SMIT’s 300mm fab. As of December 31, 2018, SMIT had drawn down RMB540. 0 million (approximately US$78.7 million) on this loan facility. The outstanding balance of RMB540.0 million is repayable in December 2023. The interest rate on this loan facility is 2 . 92 % per annum in 2018. (17) In December 2017, SMIZ entered into a loan facility in the aggregate principal amount of RMB500.0 million with T he Export-Import Bank of China, which is unsecured . This five -year bank facility was used to finance the planned expansion for SMIZ’s 300mm fab. As of December 31, 201 8 , S MIZ had drawn down RMB500. 0 million and repaid RMB30.0 million on this loan facility. The outstanding balance of RMB470.0 million (approximately US$ 68.5 million) is repayable from March 201 9 to September 2022. The interest rate on this loan facility ranged from 3 . 4 0% in 201 8 . (18) Other borrowings represented several batches of production equipment of the Group sold and leased back under the below arrangements: US$35.2 million of borrowings under new two arrangements entered into by the Group and third-party financing companies in the form of a sale and leaseback transaction with a repurchase option. US$4 59.7 million (December 31, 2017: US$487.7 million and December 31, 2016: US$482.6 million) of borrowings under three arrangements entered into by the Group and third-party financing companies in the form of a sale and leaseback transaction with a repurchase option. As the repurchase prices are set at below US$1.0 which are minimal compared to the expected fair value and the Group is certain that it will exercise the repurchase options, the above arrangements have been accounted for as collateralized borrowings of the Group.

Convertible bonds (Tables)

Convertible bonds (Tables) - US$450 million zero coupon convertible bonds due 2022	12 Months Ended
	Dec. 31, 2018
ifrs Statement [Line Items]
Schedule of equity component of the bond	USD’000 Principal amount 450,000 Transaction cost (9,194) Liability component as at the date of issue (387,871) Equity component as at the date of issue 52,935
Schedule of movement of liability component and equity component of the bonds	Liability Equity Component Component Total USD’000 USD’000 USD’000 As at the date of issue 387,871 52,935 440,806 Interest charged 7,339 — 7,339 Balance at December 31, 2016 395,210 52,935 448,145 Interest charged 14,913 — 14,913 Conversion options exercised (6,794) (882) (7,676) Balance at December 31, 2017 403,329 52,053 455,382 Interest charged 15,263 — 15,263 Balance at December 31, 2018 418,592 52,053 470,645

Bonds payable (Tables)

Bonds payable (Tables)	12 Months Ended
	Dec. 31, 2018
Bonds payable
Schedule of bonds payable	USD’000 Principal amount 500,000 Discount of bonds payable (5,185) Transaction cost (3,634) Bonds payable as at the date of issue 491,181
Schedule of movement of the corporate bonds	USD’000 Balance at December 31, 2015 493,207 Interest charged 22,327 Interest payable recognized (20,625) Balance at December 31, 2016 494,909 Interest charged 22,405 Interest payable recognized (20,625) Balance at December 31, 2017 496,689 Interest charged 22,487 Interest payable recognized (20,625) Balance at December 31, 2018 498,551

Medium-term notes (Tables)

Medium-term notes (Tables)	12 Months Ended
	Dec. 31, 2018
Medium-term notes
Schedule of notes issued	USD’000 Principal amount 226,162 Transaction cost (2,226) Notes payable as at the date of issue 223,936
Summary of movement of the medium-term notes	USD’000 As at the date of issue 223,936 Interest charged during 4,625 Interest payable recognized (4,225) Foreign exchange gain (9,834) Balance at December 31, 2016 214,502 Interest charged during 8,185 Interest payable recognized (7,450) Foreign exchange loss 13,246 Balance at December 31, 2017 228,483 Interest charged during 8,335 Interest payable recognized (7,593) Foreign exchange gain (10,978) Balance at December 31, 2018 218,247

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Dec. 31, 2018
Trade and other payables
Schedule of trade and other payables	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Trade payables 823,443 837,843 781,161 Deposit received 38,713 54,895 41,324 Other payable 102,704 114,686 75,121 964,860 1,007,424 897,606
Schedule of accounts payable aging analysis based on invoice dates	12/31/18 12/31/17 12/31/16 Age of payables USD’000 USD’000 USD’000 Within 30 days 657,172 658,804 630,896 31–60 days 50,815 68,358 43,984 Over 60 days 115,456 110,681 106,281 823,443 837,843 781,161

Share-based payments (Tables)

Share-based payments (Tables)	12 Months Ended
	Dec. 31, 2018
Share-based payments
Schedule of expense recognized for employee services received	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Expense arising from equity-settled share-based payment transactions 11,661 18,214 14,210
Stock Option Plan
Share-based payments
Schedule of the number and weighted average exercise prices ("WAEP") of, and movements in, share options during the year	2018 2018 2017 2017 2016 2016 Number WAEP Number WAEP Number* WAEP* Outstanding at January 1 52,881,278 US$ 0.83 72,482,764 US$ 0.82 100,295,578 US$ 0.82 Granted during the period 19,344,334 US$ 1.33 6,071,477 US$ 1.14 2,076,652 US$ 0.92 Forfeited and expired during the period (8,879,102) US$ 1.13 (3,842,461) US$ 1.33 (6,430,431) US$ 1.16 Exercised during the period (11,738,316) US$ 0.68 (21,830,502) US$ 0.78 (23,459,035) US$ 0.75 Outstanding at December 31 51,608,194 US$ 1.00 52,881,278 US$ 0.83 72,482,764 US$ 0.82 Exercisable at December 31 25,796,944 US$ 0.79 39,511,002 US$ 0.78 50,708,535 US$ 0.77
Schedule of the inputs to the Black Scholes Option Pricing models used for share options granted	Dividend yield (%) — — — Expected volatility 40.16 % 42.80 % 44.80 % Risk-free interest rate 2.84 % 1.84 % 1.39 % Expected life of share options 5 years 6 years 6 years
RSUs
Share-based payments
Schedule of the number and weighted average fair value ("WAFV") of, and movements in, RSUs during the year	2018 2018 2017 2017 2016 2016 Number WAFV Number WAFV Number* WAFV* Outstanding at January 1 28,701,097 US$ 1.05 26,489,152 US$ 0.98 30,451,268 US$ 0.99 Granted during the period 8,068,466 US$ 1.27 14,055,477 US$ 1.11 8,738,247 US$ 0.86 Forfeited during the period (4,582,729) US$ 1.07 (950,412) US$ 1.04 (1,124,847) US$ 0.98 Exercised during the period (12,333,620) US$ 1.03 (10,893,120) US$ 0.97 (11,575,516) US$ 0.91 Outstanding at December 31 19,853,214 US$ 1.12 28,701,097 US$ 1.05 26,489,152 US$ 0.98
Schedule of the inputs to the models used for the plans	Dividend yield (%) — — — Expected volatility 39.77 % 39.45 % 39.66 % Risk-free interest rate 2.54 % 1.24 % 0.9 % Expected life of share options 2 years 2 years 2 years
Subsidiary Plan
Share-based payments
Schedule of the inputs to the Black Scholes Option Pricing models used for share options granted	Dividend yield (%) — — — Expected volatility 53.0 % 32.0 % 41.5 % Risk-free interest rate 2.70 % 1.90 % 2.10 % Expected life of share options 6 years 6 years 3 years
Schedule of the number and weighted average fair value ("WAFV") of, and movements in, RSUs during the year	2018 2018 2017 2017 2016 2016 Number WAEP Number WAEP Number WAEP Outstanding at January 1 14,918,802 US$ 0.20 14,598,750 US$ 0.19 7,000,000 US$ 0.06 Granted during the year 7,349,500 US$ 0.36 1,598,750 US$ 0.31 7,698,750 US$ 0.31 Forfeited and expired during the period (2,029,167) US$ 0.29 (934,948) US$ 0.05 (100,000) US$ 0.05 Exercised during the year (192,500) US$ 0.36 (343,750) US$ 0.25 — — Outstanding at December 31 20,046,635 US$ 0.25 14,918,802 US$ 0.20 14,598,750 US$ 0.19 Exercisable at December 31 10,333,724 US$ 0.17 7,079,401 US$ 0.15 3,297,135 US$ 0.07

Risk Management (Tables)

Risk Management (Tables)	12 Months Ended
	Dec. 31, 2018
Risk Management
Gearing ratio	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Debt* 3,426,158 3,313,048 3,025,283 Cash and cash equivalent (1,786,420) (1,838,300) (2,126,011) Financial assets at fair value through profit or loss - current (41,685) — — Financial assets at amortized cost (1,996,808) — — Other financial assets - current — (683,812) (31,543) Net debt (398,755) 790,936 867,729 Equity 8,923,580 6,721,335 5,403,227 Net debt to equity ratio –4.5 % 11.8 % 16.1 % * Debt is defined as long-term and short-term borrowings (excluding derivatives), convertible bonds, short-term and medium-term note s , and bonds payables as described in Note 3 0 , Note 3 1 , Note 3 2 and Note 3 3 .
Foreign currency risk management	Liabilities Assets 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 EUR 50,601 125,171 112,827 37,800 72,181 39,619 JPY 54,166 30,422 41,976 41,589 29,245 35,237 RMB 2,757,762 2,410,284 2,714,492 2,989,434 1,765,846 1,633,433 Others 51,829 43,824 27,083 905 8,688 3,860
Foreign currency sensitivity analysis	EUR JPY RMB Others USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Profit or loss (640) (2,650) (3,660) (662) (62) (355) 12,193 (33,918) (6,611) (2,679) (1,848) (1,222) Equity (640) (2,650) (3,660) (662) (62) (355) 12,193 (33,918) (6,611) (2,679) (1,848) (1,222)
Outstanding forward foreign exchange currency contracts	Average exchange rate Foreign currency Notional value Net Fair value assets (liabilities) 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 FC’000 FC’000 FC’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Buy EUR Less than 3 months — 1.2019 — — 2,080 — — 2,500 — — (2) — Buy RMB Less than 3 months — 6.7622 — — 648,364 — — 95,881 — — 2,111 — — 98,381 — — 2,109 —
Foreign-exchange related amounts of cash flow hedges recognized in profit or loss and other comprehensive income or loss	Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Other comprehensive income (loss) on cash flow hedges recognized during the year: Total fair value (loss) gain included in other comprehensive income (loss) (48,714) 95,185 (66,861) Reclassified from other comprehensive income (loss) to offset foreign exchange gains or losses 84,645 (60,042) 32,234 35,931 35,143 (34,627) Balance of cash flow hedges reserve at beginning of the year 516 (34,627) — Balance of cash flow hedges reserve at end of the year 36,447 516 (34,627)
Outstanding cross currency swap contracts	Average exchange rate Foreign currency Notional value Net Fair value assets (liabilities) 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 FC’000 FC’000 FC’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Buy RMB 3 months to 1 year 6.8681 6.6369 6.6592 5,852,000 1,040,000 787,000 852,663 159,163 113,450 (11,650) 3,997 (6,348) 1 year to 5 years 6.8635 6.6356 6.5830 3,675,529 5,358,000 5,140,000 535,542 819,993 740,954 (10,274) 15,679 (74,170) Sell RMB 3 months to 1 year 6.8912 — — 3,028,809 — — 441,312 — — (1,573) — — 1,829,517 979,156 854,404 (23,497) 19,676 (80,518)
Schedule of change in loss allowance due to adoption of IFRS 9	Current 31–60 days 61–90 days 91–120 days Over 120 days Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Expected loss rate % % % % % Trade receivables Allowance on doubtful trade receivables Current 31–60 days 61–90 days 91–120 days Over 120 days Total January 1, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Expected loss rate % % % % % Trade receivables Allowance on doubtful trade receivables
Schedule of movement in the allowance on doubtful trade receivables	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Balance at beginning of the year 1,335 1,491 41,976 Addition in allowance on doubtful trade receivables 964 301 201 Amounts written off during the year as uncollectible — (19) (39,083) Reversal of allowance on doubtful trade receivables (27) (438) (1,603) Reclassified as held-for-sale (117) — — Balance at end of the year 2,155 1,335 1,491
Contractual maturity for non-derivative financial liabilities	Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+years Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Interest-bearing bank and Fixed 2.26 % 2,192 124,797 282,735 270,316 680,040 other borrowings Floating 2.70 % 215,561 190,894 1,050,020 161,621 1,618,096 Convertible bonds 3.79 % — — 442,500 — 442,500 Bonds payable 4.52 % — 500,000 — — 500,000 Medium-term notes 3.70 % — 226,162 — — 226,162 Trade and other payables 911,415 15,129 36,105 2,211 964,860 Other liabilities 14,570 19,670 41,820 — 76,060 Contingent consideration — — 11,948 — 11,948 1,143,738 1,076,652 1,865,128 434,148 4,519,666 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2017 USD’000 USD’000 USD’000 USD’000 USD’000 Interest-bearing bank and Fixed 3.20 % 140,338 24,757 313,497 338,632 817,224 other borrowings Floating 2.36 % 16,712 87,753 958,367 307,003 1,369,835 Convertible bonds 3.79 % — — 442,500 — 442,500 Bonds payable 4.52 % — — 500,000 — 500,000 Medium-term notes 3.70 % — — 226,162 — 226,162 Finance lease payables 3.68 % 434 1,308 4,935 — 6,677 Trade and other payables 880,795 5,492 161,169 3,004 1,050,460 Other liabilities — 20,661 64,462 — 85,123 Contingent consideration — — 12,549 — 12,549 1,038,279 139,971 2,683,641 648,639 4,510,530 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2016 USD’000 USD’000 USD’000 USD’000 USD’000 Interest-bearing bank and Fixed 2.50 % 130,728 6,729 131,474 384,382 653,313 other borrowings Floating 2.62 % 6,039 67,347 785,059 4,781 863,226 Convertible bonds 2.78%–3.79 % 393,200 — 450,000 — 843,200 Bonds payable 4.52 % — — 500,000 — 500,000 Medium-term notes 3.70 % — — 226,162 — 226,162 Short-term notes 2.99 % — 90,465 — — 90,465 Finance lease payables 3.68 % 382 1,147 6,118 — 7,647 Trade and other payables 915,840 1,353 21,706 1,654 940,553 1,446,189 167,041 2,120,519 390,817 4,124,566
Contractual maturity for non-derivative financial assets	Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Trade and other receivables 837,828 — — — 837,828 Cash and cash equivalent, restricted cash* and financial assets at amortized cost 2.29 % 2,698,067 1,293,246 — — 3,991,313 Financial assets at fair value through profit or loss 41,805 — — 55,472 97,277 3,577,700 1,293,246 — 55,472 4,926,418 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2017 USD’000 USD’000 USD’000 USD’000 USD’000 Trade and other receivables 616,308 — — — 616,308 Cash and cash equivalent, restricted cash* & short-term investments 1.25 % 2,231,089 276,723 116,282 — 2,624,094 Available for sale financial assets — — — 24,844 24,844 2,847,397 276,723 116,282 24,844 3,265,246 Weighted average effective Less than 3 months interest rate 3 months to 1 year 1–5 years 5+ years Total December 31, 2016 USD’000 USD’000 USD’000 USD’000 USD’000 Trade and other receivables 645,822 — — — 645,822 Cash and cash equivalent, restricted cash* & short-term investments 1.19 % 2,000,717 480,379 21,125 — 2,502,221 Available for sale financial assets — — — 21,966 21,966 2,646,539 480,379 21,125 21,966 3,170,009 The amounts included above for variable interest rate instruments for both non-derivative financial assets and liabilities is subject to change if changes in variable interest rates differ to those estimates of interest rates determined at the end of the reporting period. * The above restricted cash exclude the cash received from government funds.
Contractual maturity for derivative financial liabilities	Less than 3 months above 3 months to 1 year 1–5 years 5 years Total December 31, 2018 USD’000 USD’000 USD’000 USD’000 USD’000 Cross currency swap contracts— cash flow hedges Gross settled: — inflows — 607,595 508,984 — 1,116,579 — (outflows) — (613,270) (528,383) — (1,141,653) Net settled: — net inflows (8,783) — (738) — (9,521) Cross currency swap contracts Gross settled: — inflows — 262,652 — — 262,652 — (outflows) — (261,472) — — (261,472) (8,783) (4,495) (20,137) — (33,415) Less than 3 months above 3 months to 1 year 1–5 years 5 years Total December 31, 2017 USD’000 USD’000 USD’000 USD’000 USD’000 Cross currency swap contracts— cash flow hedges Gross settled: — inflows — 37,703 512,067 — 549,770 — (outflows) — (34,254) (480,984) — (515,238) Net settled: — net outflows — 2,854 20,730 — 23,584 — 6,303 51,813 — 58,116 Less than 3 months above 3 months to 1 year 1–5 years 5 years Total December 31, 2016 USD’000 USD’000 USD’000 USD’000 USD’000 Cross currency swap contracts— cash flow hedges Gross settled: — inflows — 71,120 403,265 — 474,385 — (outflows) — (72,872) (396,332) — (469,204) Net settled: — net inflows — (1,355) (1,475) — (2,830) — (3,107) 5,458 — (2,830)

Cash flow information (Tables)

Cash flow information (Tables)	12 Months Ended
	Dec. 31, 2018
Cash flow information
Schedule of reconciliation of liabilities arising from financing activities	Net cash flows Reclassified Foreign Other in financing as held- exchange non-cash 12/31/2017 activities for-sale gain movement (1) 12/31/2018 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Short-term borrowings 308,311 (108,348) — (7,765) — 192,198 Long-term borrowings 1,876,236 353,998 (58,467) (73,197) — 2,098,570 Convertible bonds 403,329 — — — 15,263 418,592 Bonds payable 496,689 — — — 1,862 498,551 Medium-term notes 228,483 — — (10,978) 742 218,247 Currency swap contracts classified as derivative financial instruments as assets — cash flow hedges (22,337) — — — 15,646 (6,691) Currency swap contracts classified as derivative financial instruments as Liabilities — cash flow hedges 2,661 — — — 28,685 31,346 3,293,372 245,650 (58,467) (91,940) 62,198 3,450,813 Net cash flows Conversion Foreign Other in financing options exchange non-cash 12/31/2016 activities exercised loss movement (1) 12/31/2017 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Short-term borrowings 176,957 127,715 — 3,639 — 308,311 Long-term borrowings 1,265,811 529,928 — 80,497 — 1,876,236 Convertible bonds 786,611 — (399,099) — 15,817 403,329 Bonds payable 494,909 — — — 1,780 496,689 Medium-term notes 214,502 — — 13,246 735 228,483 Short-term notes 86,493 (87,858) — 1,365 — — Currency swap contracts classified as other financial assets — — — — (22,337) (22,337) Currency swap contracts classified as other financial liabilities 80,518 — — — (77,857) 2,661 3,105,801 569,785 (399,099) 98,747 (81,862) 3,293,372 (1) Other non-cash movements were accrued interest expenses for bonds and notes and fair value change of currency swap contracts.

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Dec. 31, 2018
Related party transactions
Schedule of related parties which had transactions with the Group and their relationship with the Group	The names of the related parties which had transactions with the Group for the year ended December 31, 2018 and the relationships with the Group are disclosed below: Related party name Relationship with the Group Datang Microelectronics Technology Co., Ltd A subsidiary of Datang Group Datang Semiconductor Co., Ltd. A subsidiary of Datang Group Leadcore Technology Co., Ltd and Leadcore Technology (Hong Kong) Co., Ltd (“Leadcore”) A subsidiary of Datang Group Datang Telecom Group Finance Co., Ltd (“Datang Finance”) A subsidiary of Datang Group Brite Semiconductor (Shanghai) Corporation and its subsidiaries (“Brite”) An associate of the Group China Fortune-Tech Capital Co., Ltd (“China Fortune-Tech”) An associate of the Group Zhongxin Xiecheng Investment (Beijing) Co., Ltd (“Zhongxin Xiecheng”) An associate of the Group Jiangsu Changjiang Electronics Technology Co., Ltd (“JCET”) and its subsidiaries An associate of the Group Sino IC Leasing Co., Ltd (“Sino IC Leasing”) An associate of the Group Semiconductor Manufacturing Electronics (Shaoxing) Corp. (“SMEC”) An associate of the Group Ningbo Semiconductor International Corporation (”NSI”) An associate of the Group
Related party transactions with group entities that are not members of the Group	Sale of goods Sale of services Year ended Year ended 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Datang Microelectronics Technology Co., Ltd (1) 9,783 15,667 14,146 — — — Datang Semiconductor Co., Ltd (1) 117 535 464 — — — Leadcore (1) 2,018 3,960 3,267 — — — Toppan — — — 4,050 3,896 3,481 Brite 33,568 44,212 31,506 — — — JCET and its subsidiaries 64 17 — 89 48 — SMEC 11,346 — — — — — NSI 862 — — 2,128 — — China Fortune-Tech — — — — — 65 Purchase of goods Purchase of services Year ended Year ended 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Datang Microelectronics Technology Co., Ltd (1) — — — 106 — — Toppan 7,277 11,275 8,869 32 59 856 Zhongxin Xiecheng — — — — — 4 Brite — — 25 96 2,016 2,887 China Fortune-Tech — — — 352 959 313 Datang Finance (1) — — — — — 15 JCET and its subsidiaries 9,923 1,778 1,097 819 620 1,189 Sino IC Leasing (1) — — — 87,071 51,739 — Sale of equipment Grant of licensing Year ended Year ended 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Sino IC Leasing (2) 306,750 661,455 249,162 — — — SMEC (3) 68,829 — — 163,845 — —
Summary of outstanding balances with related parties	Amounts due from related Amounts due to related parties parties 12/31/18 12/31/17 12/31/16 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Datang Microelectronics Technology Co., Ltd 3,379 4,279 6,354 — — — Datang Semiconductor Co., Ltd 10 302 — — — — Leadcore 936 — — — — — Toppan 2,365 670 615 737 888 2,414 Brite 10,775 12,951 6,507 — — 279 JCET and its subsidiaries 47 21 — 948 3 736 SMEC 104,506 — — — — — NSI 2,922 — — — — — China Fortune-Tech — — 38 — — — Sino IC Leasing (4) 44,702 — — — — — (1) The related party transactions in respect of (1) above constituted non-exempt continuing connected transactions as defined in Chapter 14A of the Listing Rules. Details are disclosed from Page 96 to Page 132 Non-exempt Continuing Connect Transactions. The other party transactions did not constitute non-exempt continuing connected transaction under Chapter 14A of the Listing Rules. (2) Several batches of production equipment of the Group was sold and leased back under the below arrangements: In July 2018, there were four arrangements in consideration of US$306.8 million entered into by the Group with Xinhe Leasing (Tianjin) Co., Ltd. (a wholly-owned subsidiary of Sino IC Leasing) in the form of a sale and leaseback transaction with a repurchase option. In July 2017, there were seven arrangements in total consideration of US$410.8 million US$410.8 million entered into by the Group with Xincheng Leasing (Tianjin) Co., Ltd, Xindian Leasing (Tianjin) Co., Ltd and Xinlu Leasing (Tianjin) Co., Ltd. (the three leasing companies are wholly-owned subsidiaries of Sino IC Leasing) respectively, in the form of a sale and leaseback transaction with a repurchase option. In February 2017 and December 2016, there were three and two arrangements in consideration of US$250.6 and US$249.2 million respectively, entered into by the Group with Sino IC Leasing (Tianjin) Co., Ltd. (a wholly-owned subsidiary of Sino IC Leasing) in the form of a sale and leaseback transaction with a repurchase option. As the repurchase prices are set at the expected fair value and the Group is not reasonably certain that it will exercise the repurchase options, the above transactions have been accounted for a disposal of property, plant and equipment followed with an operating lease. The total future minimum lease payments under the lease arrangements please refer to Note 41. (3) In 2018, the technology licensing internally developed and not capitalized was authorized to SMEC with the revenue of US$163.8 million and no related cost of sales recognized by the Group. (4) On July 6, 2018 and August 10, 2018, SMIC Beijing has respectively subscribed for, an amount of RMB200.0 million (approximately US$30.2 million) and RMB100.0 million (approximately US$14.6 million) out of the total issue of an aggregate principal amount of RMB500.0 million of the oriented debt financing instrument issued by Sino IC Leasing, which was recorded as financial assets at amortized cost.
Compensation of key management personnel	year ended year ended year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Salaries, bonus and benefits 3,973 4,853 4,921 Equity-settled share-based payments 2,390 8,264 2,762 6,363 13,117 7,683

Commitments for expenditure (Ta

Commitments for expenditure (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments for expenditure
Schedule of purchase commitments	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Commitments for the facility construction 333,211 484,468 239,759 Commitments for the acquisition of property, plant and equipment 1,209,335 476,132 800,597 Commitments for the acquisition of intangible assets 5,732 5,596 5,491 1,548,278 966,196 1,045,847
Summary of future minimum lease payments under non-cancellable operating leases	12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Within one year 121,588 91,181 23,483 Later than one year but not later than five years 230,952 203,684 45,989 352,540 294,865 69,472

Financial information of pare_2

Financial information of parent company (Tables)	12 Months Ended
	Dec. 31, 2018
Financial information of parent company
Financial information of parent company	(i) Statement of profit or loss Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Revenue — — — General and administration expenses (48,153) (47,354) (50,739) Loss from operations (48,153) (47,354) (50,739) Interest income 2,266 2,670 1,154 Finance costs (16,992) (14,956) (24,194) Foreign exchange losses (64,020) 63,087 (15,269) Share of profits of subsidiaries 256,750 169,880 477,510 Share of profits of associates 2,980 2,868 1,455 Other gains (losses), net 1,224 3,484 (13,287) Profit before tax 134,055 179,679 376,630 Income tax expense — — — Profit for the year 134,055 179,679 376,630 Other comprehensive income (loss) Items that may be reclassified subsequently to profit or loss Exchange differences on translating foreign operations (36,138) 21,590 (18,131) Change in value of available-for-sale financial assets — (2,356) 798 Cash flow hedges 35,931 35,143 (34,627) Share of other comprehensive income of joint ventures accounted for using the equity method — 17,646 — Other — (131) 1 Items that will not be reclassified to profit or loss Actuarial gains and losses on defined benefit plans 129 (436) 1,520 Total comprehensive income for the year 133,977 251,135 326,191 (ii) 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Assets Non-current assets Property, plant and equipment 48,168 47,090 89,404 Intangible assets 32,437 59,138 91,225 Investment in subsidiaries 5,051,780 4,779,485 4,333,604 Derivative financial instruments 5,266 — — Investments in associates 145,285 132,427 114,966 Other financial assets — 11,732 — Other assets 141,603 372,275 530,566 Total non-current assets 5,424,539 5,402,147 5,159,765 Current assets Prepayment and prepaid operating expenses 298 428 671 Trade and other receivables 28,982 29,061 24,749 Due from subsidiaries 2,027,008 1,609,556 908,716 Financial asset at amortized cost 40,000 — — Derivative financial instruments 1,323 — — Other financial assets — 95,440 3,000 Cash and cash equivalent 107,795 140,411 317,873 Total current assets 2,205,406 1,874,896 1,255,009 Total assets 7,629,945 7,277,043 6,414,774 Equity and liabilities Capital and reserves Ordinary shares, $0.004 par value, 10,000,000,000 shares authorized, 5,039,819,199, 4,916,106,889 and 4,252,922,259 shares issued and outstanding at December 31, 2018, 2017 and 2016 20,159 19,664 17,012 Share premium 4,993,163 4,827,619 4,950,948 Reserves 109,346 134,669 93,563 Retained earnings (accumulated deficit) 331,298 187,008 (910,849) 5,453,966 5,168,960 4,150,674 Perpetual subordinated convertible securities 563,848 64,073 — Total equity 6,017,814 5,233,033 4,150,674 Non-current liabilities Borrowings — 76,520 72,077 Convertible bonds 418,592 403,329 395,210 Bonds payable — 496,689 494,909 Medium-term notes — 228,483 214,502 Derivative financial instruments 8,711 — — Other financial liabilities — 1,885 60,610 Other liabilities — 520 2,560 Total non-current liabilities 427,303 1,207,426 1,239,868 Current liabilities Trade and other payables 18,033 17,489 1,683 Due to subsidiaries 351,017 804,476 522,166 Borrowings 72,852 — — Convertible bonds — — 391,401 Bonds payable 498,551 — — Medium-term notes 218,247 — — Short-term notes — — 86,493 Accrued liabilities 13,789 13,877 19,570 Derivative financial instruments 12,339 — — Other financial liabilities — 742 2,919 Total current liabilities 1,184,828 836,584 1,024,232 Total liabilities 1,612,131 2,044,010 2,264,100 Total equity and liabilities 7,629,945 7,277,043 6,414,774 (iii) Share of other Change in comprehensive value of income of Equity-settle Foreign available- Convertible Defined joint ventures Perpetual employee currency for-sale bonds benefit accounted for subordinated Ordinary Share benefits translation financial equity plan Cash flow using Accumulated convertible Total shares premium reserve reserve assets reserve reserve hedges equity method Others deficit securities equity USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 Balance at December 31, 2015 16,830 4,903,861 70,459 (3,956) 447 29,564 — — — 130 (1,287,479) — 3,729,856 Profit for the year — — — — — — — — — — 376,630 — 376,630 Other comprehensive loss for the year — — — (18,131) 798 — 1,520 (34,627) — 1 — — (50,439) Total comprehensive loss for the year — — — (18,131) 798 — 1,520 (34,627) — 1 376,630 — 326,191 Exercise of stock options 140 36,064 (18,594) — — — — — — — — — 17,610 Share-based compensation — — 13,838 — — — — — — — — — 13,838 Conversion options of convertible bonds exercised during the year 42 11,023 — — — (821) — — — — — — 10,244 Recognition of equity component of convertible bonds — — — — — 52,935 — — — — — — 52,935 Subtotal 182 47,087 (4,756) — — 52,114 — — — — — — 94,627 Balance at December 31, 2016 17,012 4,950,948 65,703 (22,087) 1,245 81,678 1,520 (34,627) — 131 (910,849) — 4,150,674 Profit for the year — — — — — — — — — — 179,679 — 179,679 Other comprehensive income (losses) for the year — — — 21,590 (2,356) — (436) 35,143 17,646 (131) — — 71,456 Total comprehensive income (losses) for the year — — — 21,590 (2,356) — (436) 35,143 17,646 (131) 179,679 — 251,135 Exercise of stock options 130 35,178 (18,220) — — — — — — — — — 17,088 Share-based compensation — — 17,495 — — — — — — — — — 17,495 Conversion options of convertible bonds exercised during the year 1,556 427,168 — — — (29,625) — — — — — — 399,099 Issuance of ordinary shares 966 325,174 — — — — — — — — — — 326,140 Perpetual subordinated convertible securities — — — — — — — — — — — 64,073 64,073 Share premium reduction — (910,849) — — — — — — — — 910,849 — — Gain on transfer of business operation — — — — — — — — — — 7,329 — 7,329 Subtotal 2,652 (123,329) (725) — — (29,625) — — — — 918,178 64,073 831,224 Balance at December 31, 2017 19,664 4,827,619 64,978 (497) (1,111) 52,053 1,084 516 17,646 — 187,008 64,073 5,233,033 Change in accounting policy — — — — 1,111 — — — (17,646) — 16,535 — — Restated total equity at January 1, 2018 19,664 4,827,619 64,978 (497) — 52,053 1,084 516 — — 203,543 64,073 5,233,033 Profit for the year — — — — — — — — — — 134,055 — 134,055 Other comprehensive income (losses) for the year — — — (36,138) — — 129 35,931 — — — — (78) Total comprehensive income (losses) for the year — — — (36,138) — — 129 35,931 — — 134,055 — 133,977 Issuance of ordinary shares 474 160,404 — — — — — — — — — — 160,878 Cancellation of treasury stock (76) (19,981) — — — — — — — — — — (20,057) Exercise of stock options 97 25,121 (17,211) — — — — — — — — — 8,007 Share-based compensation — — 10,912 — — — — — — — — — 10,912 Perpetual subordinated convertible securities — — — — — — — — — — — 499,775 499,775 Distribution to perpetual subordinated convertible securities — — — — — — — — — (6,300) — (6,300) Deconsolidation of subsidiary due to loss of control — — — (1,774) — — — — — — — — (1,774) Share of other capital reserve of associates accounted for using equity method — — — — — — — — — (637) — — (637) Subtotal 495 165,544 (6,299) (1,774) — — — — — (637) (6,300) 499,775 650,804 Balance at December 31, 2018 20,159 4,993,163 58,679 (38,409) — 52,053 1,213 36,447 — (637) 331,298 563,848 6,017,814 (i) Statement of cash flow Year ended Year ended Year ended 12/31/18 12/31/17 12/31/16 USD’000 USD’000 USD’000 Operating activities Profit for the year 134,055 179,679 376,630 Adjustments for: Amortization of intangible assets and land use right 26,309 32,131 30,678 Depreciation of property, plant and equipment 13,843 10,706 8,062 Expense recognized in respect of equity-settled share-based payments 1,434 1,297 1,940 Finance costs 16,992 14,956 24,194 Interest income (2,266) (2,670) (1,154) Impairment loss recognised on property, plant and equipment 392 — — Net (gain) loss arising on financial liabilities at fair value through profit or loss (749) (3,554) 13,182 Net loss (gain) on foreign exchange 64,059 (63,087) 5,982 Share of profit of investment accounted for using equity method (259,730) (172,748) (478,965) (5,661) (3,290) (19,451) Operating cash flows before movements in working capital: Decrease (increase) in trade and other receivables 4,868 (2,374) (1,727) Decrease (increase) in prepaid operating expenses 130 243 (57) Decrease (increase) in other operating assets 5,044 (7,710) 777 Increase in trade and other payables 543 5,168 1,354 Increase (decrease) in other operating liabilities 700 (5,534) 2,818 Cash generated from (used in) operations 5,624 (13,497) (16,286) Interest paid (18,165) (21,262) (16,149) Interest received 2,769 1,347 1,135 Net cash used in operating activities (9,772) (33,412) (31,300) Investing activities Payments to acquire financial assets at fair value through profit or loss (119,200) — — Proceeds on sale of financial assets at fair value through profit or loss 212,038 — — Payments to acquire financial assets at amortised cost (40,000) — — Payments to acquire financial assets — (92,000) (6,000) Proceeds on sale of financial assets — 3,000 18,000 Investment in subsidiaries (30,000) (207,000) (550,426) Investment in associates (15,790) (15,095) (63,796) Payments for property, plant and equipment — — (52,445) Payments for intangible assets (520) (1,000) (11,526) Proceeds from disposal of available-for-sale investment — — 146 Cash paid for subsidiaries (1,842,219) (728,621) (437,437) Distributions received from associates 316 255 — Net cash used in investing activities (1,835,375) (1,040,461) (1,103,484) Financing activities Proceeds from borrowings — — 76,006 Proceeds from issuance of new shares 160,878 326,351 — Proceeds from issuance of convertible bonds — — 441,155 Proceeds from issuance of short-term and medium-term notes — — 314,422 Repayment of short-term notes — (87,858) — Proceeds from issuance of perpetual subordinated convertible securities 499,775 64,350 — Distribution of perpetual subordinated convertible securities (6,300) — — Proceeds from exercise of employee stock options 8,007 17,088 17,610 Payments to acquire treasury shares (20,057) — — Cash received from subsidiaries 1,172,202 572,320 487,050 Net cash from financing activities 1,814,505 892,251 1,336,243 Net (decrease) increase in cash and cash equivalent (30,642) (181,622) 201,459 Cash and cash equivalent at the beginning of the year 140,411 317,873 115,726 Effects of exchange rate changes on the balance of cash held in foreign currencies (1,974) 4,160 688 Cash and cash equivalent at the end of the year 107,795 140,411 317,873

Application of new and revise_3

Application of new and revised International Financial Reporting Standards ("IFRSs") - IFRS 9 Financial Instruments (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Application of new and revised International Financial Reporting Standards
Reserves	$ 118,134	$ 109,346	$ 134,669	$ 93,563
Retained earnings	203,543	331,298	187,008	(910,849)
Fair value gains		9,773	$ 6,890	$ (7,617)
Gains transferred from reserves to retained earnings	16,500
Other assets | Equity investments
Application of new and revised International Financial Reporting Standards
Increase (decrease) in non-current financial assets, initial application of IFRS 9	(24,844)
Financial assets at fair value through profit or loss | Equity investments
Application of new and revised International Financial Reporting Standards
Increase (decrease) in non-current financial assets, initial application of IFRS 9	24,844
Fair value gains		$ 2,000
Financial assets at fair value through profit or loss | Financial products sold by banks
Application of new and revised International Financial Reporting Standards
Increase (decrease) in current financial assets, initial application of IFRS 9	117,928
Other financial assets | Financial products sold by banks
Application of new and revised International Financial Reporting Standards
Increase (decrease) in current financial assets, initial application of IFRS 9	(117,928)
Financial assets at amortized cost | Bank deposits will mature over 3 months
Application of new and revised International Financial Reporting Standards
Increase (decrease) in current financial assets, initial application of IFRS 9	559,034
Impact on IFRS 9 | Equity investments
Application of new and revised International Financial Reporting Standards
Reserves	(16,535)
Retained earnings	$ 16,535

Application of new and revise_4

Application of new and revised International Financial Reporting Standards ("IFRSs") - IFRS 15 Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of expected impact of initial application of new standards or interpretations [line items]
Trade and other payables	$ 964,860	$ 1,007,424	$ 897,606
Contract liabilities	$ 44,130	43,036	42,947
Total		1,050,460	940,553
As originally presented
Disclosure of expected impact of initial application of new standards or interpretations [line items]
Trade and other payables		1,050,460	940,553
Total		1,050,460	940,553
Impact on IFRS 15
Disclosure of expected impact of initial application of new standards or interpretations [line items]
Trade and other payables		(43,036)	(42,947)
Contract liabilities		$ 43,036	$ 42,947

Application of new and revise_5

Application of new and revised International Financial Reporting Standards ("IFRSs") - Comparative information (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
Current assets
Financial assets, carrying amount immediately before initial application of IFRS 9			$ 744,220
Financial assets, carrying amount immediately after initial application of IFRS 9		$ 744,220
Current liabilities
Financial liabilities, carrying amount immediately before initial application of IFRS 9			102,480
Financial liabilities, carrying amount immediately after initial application of IFRS 9		102,480
Equity
Reserves	$ 109,346	118,134	134,669	$ 93,563
Retained earnings (accumulated deficit)	$ 331,298	203,543	187,008	$ (910,849)
Total Equity		321,677	321,677
Derivative financial instruments
Non-current liabilities
Non current financial liabilities, carrying amount immediately after initial application of IFRS 9		1,919
Current liabilities
Current financial liabilities, carrying amount immediately after initial application of IFRS 9		744
Other financial liabilities
Non-current liabilities
Non current financial liabilities, carrying amount immediately before initial application of IFRS 9			1,919
Non current financial liabilities, carrying amount immediately after initial application of IFRS 9		12,549
Current liabilities
Current financial liabilities, carrying amount immediately before initial application of IFRS 9			744
Other Liabilities
Non-current liabilities
Non current financial liabilities, carrying amount immediately before initial application of IFRS 9			99,817
Non current financial liabilities, carrying amount immediately after initial application of IFRS 9		87,268
Financial assets at fair value through profit or loss
Non-current assets
Non Current Financial assets, carrying amount immediately after initial application of IFRS 9		24,844
Current assets
Current financial assets, carrying amount immediately after initial application of IFRS 9		117,928
Derivative financial instruments
Non-current assets
Non Current Financial assets, carrying amount immediately after initial application of IFRS 9		17,598
Current assets
Current financial assets, carrying amount immediately after initial application of IFRS 9		6,850
Other financial assets
Non-current assets
Non Current Financial assets, carrying amount immediately before initial application of IFRS 9			17,598
Current assets
Current financial assets, carrying amount immediately before initial application of IFRS 9			683,812
Financial assets at amortized cost
Current assets
Current financial assets, carrying amount immediately after initial application of IFRS 9		559,034
Other assets
Non-current assets
Non Current Financial assets, carrying amount immediately before initial application of IFRS 9			$ 42,810
Non Current Financial assets, carrying amount immediately after initial application of IFRS 9		17,966
Cross currency swap contracts | Derivative financial instruments
Non-current liabilities
Increase (decrease) in non-current financial liabilities, initial application of IFRS 9		1,919
Current liabilities
Increase (decrease) in current financial liabilities, initial application of IFRS 9		742
Cross currency swap contracts | Other financial liabilities
Non-current liabilities
Increase (decrease) in non-current financial liabilities, initial application of IFRS 9		(1,919)
Current liabilities
Increase (decrease) in current financial liabilities, initial application of IFRS 9		(742)
Foreign currency forward contracts | Derivative financial instruments
Current liabilities
Increase (decrease) in current financial liabilities, initial application of IFRS 9		2
Foreign currency forward contracts | Other financial liabilities
Current liabilities
Increase (decrease) in current financial liabilities, initial application of IFRS 9		(2)
Contingent consideration | Other financial liabilities
Non-current liabilities
Increase (decrease) in non-current financial liabilities, initial application of IFRS 9		12,549
Contingent consideration | Other Liabilities
Non-current liabilities
Increase (decrease) in non-current financial liabilities, initial application of IFRS 9		(12,549)
Cross currency swap contracts | Derivative financial instruments
Non-current assets
Increase (decrease) in non-current financial assets, initial application of IFRS 9		17,598
Current assets
Increase (decrease) in current financial assets, initial application of IFRS 9		4,739
Cross currency swap contracts | Other financial assets
Non-current assets
Increase (decrease) in non-current financial assets, initial application of IFRS 9		(17,598)
Current assets
Increase (decrease) in current financial assets, initial application of IFRS 9		(4,739)
Foreign currency forward contracts | Derivative financial instruments
Current assets
Increase (decrease) in current financial assets, initial application of IFRS 9		2,111
Foreign currency forward contracts | Other financial assets
Current assets
Increase (decrease) in current financial assets, initial application of IFRS 9		(2,111)
Financial products sold by banks | Financial assets at fair value through profit or loss
Current assets
Increase (decrease) in current financial assets, initial application of IFRS 9		117,928
Financial products sold by banks | Other financial assets
Current assets
Increase (decrease) in current financial assets, initial application of IFRS 9		(117,928)
Bank deposits will mature over 3 months | Other financial assets
Current assets
Current financial assets, carrying amount immediately after initial application of IFRS 9		(559,034)
Bank deposits will mature over 3 months | Financial assets at amortized cost
Current assets
Increase (decrease) in current financial assets, initial application of IFRS 9		559,034
Equity investments | Impact on IFRS 9
Equity
Reserves		(16,535)
Retained earnings (accumulated deficit)		16,535
Equity investments | Financial assets at fair value through profit or loss
Non-current assets
Increase (decrease) in non-current financial assets, initial application of IFRS 9		24,844
Equity investments | Other assets
Non-current assets
Increase (decrease) in non-current financial assets, initial application of IFRS 9		$ (24,844)

Application of new and revise_6

Application of new and revised International Financial Reporting Standards ("IFRSs") - New or revised IFRSs in issue but not yet effective (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Jan. 01, 2019
Application of new and revised International Financial Reporting Standards
Lease expense on non-cancellable operating lease commitments	$ 303.5
Increase (decrease) due to changes in accounting policy | IFRS 16
Application of new and revised International Financial Reporting Standards
Right of use assets		$ 279.7
Lease liabilities		$ 279.7

Significant accounting polici_4

Significant accounting policies - Retirement Plans (Details)	12 Months Ended
	Dec. 31, 2018
Minimum | China, excluding the city of Shenzhen
Groups contribution plan
Percentage of the Group required to contribute to the state-managed retirement plan	19.00%
Minimum | Shenzhen
Groups contribution plan
Percentage of the Group required to contribute to the state-managed retirement plan	13.00%
Maximum | China, excluding the city of Shenzhen
Groups contribution plan
Percentage of the Group required to contribute to the state-managed retirement plan	20.00%
Maximum | Shenzhen
Groups contribution plan
Percentage of the Group required to contribute to the state-managed retirement plan	14.00%

Significant accounting polici_5

Significant accounting policies - Useful lives property, plant and equipment & Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2018
Buildings
Property, plant and equipment
Useful lives of property, plant and equipment used in the calculation of depreciation	25 years
Minimum
Property, plant and equipment
Term of the land use agreements	50 years
Estimated useful lives of purchased intangible assets other than goodwill	3 years
Minimum | Plant and equipment
Property, plant and equipment
Useful lives of property, plant and equipment used in the calculation of depreciation	5 years
Minimum | Office equipment
Property, plant and equipment
Useful lives of property, plant and equipment used in the calculation of depreciation	3 years
Maximum
Property, plant and equipment
Term of the land use agreements	70 years
Estimated useful lives of purchased intangible assets other than goodwill	10 years
Maximum | Plant and equipment
Property, plant and equipment
Useful lives of property, plant and equipment used in the calculation of depreciation	10 years
Maximum | Office equipment
Property, plant and equipment
Useful lives of property, plant and equipment used in the calculation of depreciation	5 years

Significant accounting polici_6

Significant accounting policies - Financial liabilities and equity instruments (Convertible Bonds) (Details)	12 Months Ended
	Dec. 31, 2018USD ($)
Significant accounting policies
Gain or loss recognized in profit or loss upon conversion or expiration of the conversion option	$ 0

Segment information - Narrative

Segment information - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)areasegment	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Disclosure of products and services [line items]
Number of operating segments | segment	1
Number of principal geographical areas | area	3
Revenue	$ 3,359,984	$ 3,101,175	$ 2,914,180
Contract liabilities	44,130	43,036	42,947
Revenue recognized that was included in the contract liabilities	43,000	42,900	56,700
Mask making, testing and others
Disclosure of products and services [line items]
Revenue	328,214	$ 62,228	$ 110,361
Technology license
Disclosure of products and services [line items]
Revenue	$ 163,800

Segment information - Revenue b

Segment information - Revenue by geographical areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of geographical areas [line items]
Revenue	$ 3,359,984	$ 3,101,175	$ 2,914,180
United States
Disclosure of geographical areas [line items]
Revenue	1,062,134	1,240,906	858,858
Mainland China and Hong Kong
Disclosure of geographical areas [line items]
Revenue	1,985,292	1,465,553	1,447,427
Eurasia
Disclosure of geographical areas [line items]
Revenue	$ 312,558	$ 394,716	$ 607,895

Segment information - Revenue_2

Segment information - Revenue by product type (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of products and services [line items]
Revenue	$ 3,359,984	$ 3,101,175	$ 2,914,180
Wafers
Disclosure of products and services [line items]
Revenue	3,031,770	3,038,947	2,803,819
Mask making, testing and others
Disclosure of products and services [line items]
Revenue	$ 328,214	$ 62,228	$ 110,361

Segment information - Property,

Segment information - Property, plant and equipment by geographical location (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, plant and equipment by geographical location
Property, plant and equipment	$ 6,777,970	$ 6,523,403	$ 5,687,357
United States
Property, plant and equipment by geographical location
Property, plant and equipment	15	45	69
Europe
Property, plant and equipment by geographical location
Property, plant and equipment	1,603	137,778	125,339
Asia
Property, plant and equipment by geographical location
Property, plant and equipment	66	117	97
Hong Kong
Property, plant and equipment by geographical location
Property, plant and equipment	2,415	2,618	2,839
Mainland China
Property, plant and equipment by geographical location
Property, plant and equipment	$ 6,773,871	$ 6,382,845	$ 5,559,013

Significant customers (Details)

Significant customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Significant customers revenue or gross accounts receivable
Threshold percentage	10.00%	10.00%	10.00%
Revenue from contracts with customers	$ 3,359,984	$ 3,101,175	$ 2,914,180
Minimum
Significant customers revenue or gross accounts receivable
Threshold percentage	10.00%	10.00%	10.00%
Customer A
Significant customers revenue or gross accounts receivable
Revenue from contracts with customers	$ 582,349	$ 538,102	$ 609,802
Percentage of entity's revenue	17.00%	17.00%	21.00%
Gross accounts receivable	$ 75,510	$ 95,575	$ 129,619
Percentage of the entity's gross receivables	18.00%	23.00%	26.00%
Customer B
Significant customers revenue or gross accounts receivable
Revenue from contracts with customers	$ 527,633	$ 636,662	$ 382,853
Percentage of entity's revenue	16.00%	21.00%	13.00%
Gross accounts receivable	$ 67,734	$ 133,281	$ 78,639
Percentage of the entity's gross receivables	16.00%	33.00%	16.00%

Other operating income, net (De

Other operating income, net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other operating income, net
Gain (loss) on disposal of property, plant and equipment and assets classified as held-for-sale	$ 30,838	$ 17,513	$ (1,846)
Impairment loss recognized on tangible and intangible assets (Note 11)	(9,218)		(7,529)
Government funding (Note 34)	32,198	27,444	9,542
Others	3,465		10
Other operating income, net	$ 57,283	44,957	$ 177
Gain related to sale and lease back transactions		$ 6,900

Finance costs (Details)

Finance costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finance costs
Interest on bank and other borrowings	$ 44,668	$ 25,543	$ 17,793
Finance leases	190	232	62
Convertible bonds	15,263	15,818	16,352
Corporate bonds	22,487	22,405	22,327
Medium-term notes	8,335	8,185	4,625
Short-term notes		1,164	1,509
Less: government funding (Note 34)	(19,496)	(24,182)	(11,639)
Total interest expense	71,447	49,165	51,029
Less: amounts capitalized	(47,169)	(31,144)	(27,992)
Total	$ 24,278	$ 18,021	$ 23,037
Weighted average
Finance costs
Borrowings, interest rate	2.10%	1.65%	2.12%

Other gains (losses), net (Deta

Other gains (losses), net (Details) - USD ($) $ in Thousands	Apr. 27, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other gains or losses, net
Net gain (loss) arising on financial instruments at FVTPL		$ 9,773	$ 6,890	$ (7,617)
Others		14,509	9,609	5,504
Total		24,282	16,499	(2,113)
Suzhou Changjiang Electric Xinke Investment Co., Ltd. ("Changjiang Xinke")
Other gains or losses, net
Gain arising from disposal agreement	$ 18,500
Loss of potential cash compensation accrued			12,500
Cross currency swap contracts - cash flow hedges
Other gains or losses, net
Net gain (loss) arising on financial instruments at FVTPL		2,265	2,150	(14,989)
Cross currency swap contracts
Other gains or losses, net
Net gain (loss) arising on financial instruments at FVTPL		1,158
Foreign currency forward contracts
Other gains or losses, net
Net gain (loss) arising on financial instruments at FVTPL		(2,108)	2,109
Financial products sold by banks
Other gains or losses, net
Net gain (loss) arising on financial instruments at FVTPL		6,443	1,087	4,651
Equity securities
Other gains or losses, net
Net gain (loss) arising on financial instruments at FVTPL		$ 2,015
Other derivative financial instruments
Other gains or losses, net
Net gain (loss) arising on financial instruments at FVTPL			$ 1,544	$ 2,721

Income taxes - Income tax expen

Income taxes - Income tax expense (benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income tax expense (benefit)
Current tax - Land Appreciation Tax	$ (172)	$ 179	$ 731
Current tax - Enterprise Income Tax	15,598	(469)	1,306
Deferred tax	(950)	2,136	(8,589)
Income tax expense (benefit)	$ 14,476	$ 1,846	$ (6,552)

Income taxes - income tax exp_2

Income taxes - income tax expense (benefit) reconciled to the accounting profit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of income tax expense (benefit) to the accounting profit
Profit before tax	$ 91,687	$ 128,269	$ 309,882
Income tax expense calculated at 15% (2017: 15% and 2016: 15%)	13,753	19,240	46,482
Effect of tax holiday	(69,581)	(50,258)	(41,484)
Additional deduction for research and development expenditures	(47,541)	(25,260)	(13,107)
Tax losses for which no deferred tax assets were recognized	127,686	70,341	39,777
Reversal (utilization) of previously unrecognized tax losses of temporary differences		5,687	(43,440)
Effect of different tax rates of subsidiaries operating in other jurisdictions	(9,669)	(18,082)	4,517
Others	(172)	178	703
Income tax expense (benefit)	$ 14,476	$ 1,846	$ (6,552)
Offset future profit term	5 years
Corporate tax rate (as a percent)	15.00%	15.00%	15.00%

Income taxes - Current tax liab

Income taxes - Current tax liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income taxes
Income tax payable	$ 2,607	$ 270	$ 460

Income taxes - Deferred tax bal

Income taxes - Deferred tax balances (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Analysis of deferred tax assets (liabilities)
Deferred tax assets	$ 45,426	$ 44,875	$ 45,981
Deferred tax liabilities	(1,639)	(16,412)	(15,382)
Net deferred tax assets (liabilities)	43,787	28,463	30,599	$ 37,649
Property, plant and equipment
Analysis of deferred tax assets (liabilities)
Deferred tax assets	42,613	41,271	45,981
Deferred tax liabilities	(1,588)	(16,412)	(15,382)
Net deferred tax assets (liabilities)	41,025	24,859	$ 30,599	37,233
Intangible assets
Analysis of deferred tax assets (liabilities)
Deferred tax assets	1,688	1,844
Net deferred tax assets (liabilities)	1,688	1,844
Others
Analysis of deferred tax assets (liabilities)
Deferred tax assets	1,125	1,760
Deferred tax liabilities	(51)
Net deferred tax assets (liabilities)	$ 1,074	$ 1,760		$ 419

Income taxes - Deferred tax rol

Income taxes - Deferred tax rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets/(liabilities) in relation to:
Opening balance	$ 28,463	$ 30,599	$ 37,649
Deconsolidation of subsidiary	(63)
Reclassified as held-for-sale	14,437
Business Combination			(15,639)
Recognize in profit or loss	950	(2,136)	8,589
Closing balance	43,787	28,463	30,599
Property, plant and equipment
Deferred tax assets/(liabilities) in relation to:
Opening balance	24,859	30,599	37,233
Reclassified as held-for-sale	14,437
Business Combination			(15,639)
Recognize in profit or loss	1,729	(5,740)	9,005
Closing balance	41,025	24,859	30,599
Capitalized interest
Deferred tax assets/(liabilities) in relation to:
Opening balance			(3)
Recognize in profit or loss			3
Intangible assets
Deferred tax assets/(liabilities) in relation to:
Opening balance	1,844
Recognize in profit or loss	(156)	1,844
Closing balance	1,688	1,844
Others
Deferred tax assets/(liabilities) in relation to:
Opening balance	1,760		419
Deconsolidation of subsidiary	(63)
Recognize in profit or loss	(623)	1,760	$ (419)
Closing balance	$ 1,074	$ 1,760

Income taxes - Narrative (Detai

Income taxes - Narrative (Details) - USD ($) $ in Millions

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Tax rates

Enterprise income tax rate (as a percent)

25.00%

Preferential tax rate (as a percent)

15.00%

15.00%

15.00%

Tax losses with no deferred tax assets recognized

$ 457.3

$ 235.1

$ 444

Tax losses expiring in 2019

20.5

Tax losses expiring in 2020

33

Tax losses expiring in 2021

90.1

Tax losses expiring in 2022

62

Tax losses expiring in 2023

$ 251.7

Semiconductor Manufacturing International (Shanghai) Corporation ("SMIS" or "SMIC Shanghai")

Tax rates

Preferential tax rate (as a percent)

15.00%

15.00%

15.00%

Tax holiday period

10 years

Full exemption period

5 years

Half tax reduction period

5 years

Semiconductor Manufacturing International (Tianjin) Corporation ("SMIT" or "SMIC Tianjin")

Tax rates

Preferential tax rate (as a percent)

12.50%

0.00%

0.00%

0.00%

0.00%

0.00%

Tax holiday period

10 years

Full exemption period

5 years

Half tax reduction period

5 years

Semiconductor Manufacturing International (Beijing) Corporation ("SMIB" or "SMIC Beijing")

Tax rates

Preferential tax rate (as a percent)

0.00%

0.00%

0.00%

0.00%

Tax holiday period

10 years

Full exemption period

5 years

Half tax reduction period

5 years

Semiconductor Manufacturing International (Beijing) Corporation ("SMIB" or "SMIC Beijing") | Forecast

Tax rates

Preferential tax rate (as a percent)

12.50%

12.50%

12.50%

12.50%

12.50%

0.00%

SMIC Shenzhen, SMNC and SJ Jiangyin

Tax rates

Preferential tax rate (as a percent)

15.00%

Tax holiday period

10 years

Full exemption period

5 years

Half tax reduction period

5 years

ITALY

Tax rates

Enterprise income tax rate (as a percent)

24.00%

Profit for the year (Details)

Profit for the year (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Impairment losses on assets
Bad debt allowance on trade receivables (Note 38)	$ 964,000	$ 301,000	$ 201,000
Reversal of bad debt allowance on doubtful trade receivables (Note 38)	(27,000)	(438,000)	(1,603,000)
Reversal of bad debt allowance on doubtful other receivables			(8,809,000)
Impairment losses on inventory (Note 23)	6,412,000	46,857,000	3,706,000
Impairment losses on tangible assets (Note 16)	990,000	0	7,529,000
Impairment losses on intangible assets (Note 17)	8,228,000
Impairment loss on assets	16,567,000	46,720,000	1,024,000
Depreciation and amortization expense
Depreciation of property, plant and equipment (Note 16)	994,642,000	906,034,000	673,161,000
Amortization of intangible assets (Note 17)	51,595,000	63,098,000	55,080,000
Amortization of land use right	2,173,000	2,250,000	1,625,000
Total depreciation and amortisation expense	1,048,410,000	971,382,000	729,866,000
Employee benefits expense
Wages, salaries and social security contributions	550,060,000	499,238,000	378,709,000
Bonus	64,130,000	57,289,000	123,313,000
Non-monetary benefits	48,837,000	47,204,000	31,686,000
Equity-settled share-based payments (Note 37)	11,661,000	18,214,000	14,210,000
Total employee benefits expense	674,688,000	621,945,000	547,918,000
Royalties expense
Royalties expense	30,678,000	37,466,000	37,023,000
Government funding
For specific R&D projects (see Note 34)	(105,258,000)	(82,245,000)	(52,517,000)
For specific intended use (Note 34)	(51,695,000)	(51,626,000)	(21,181,000)
Government funding	(156,953,000)	(133,871,000)	(73,698,000)
Auditors' remuneration
Audit services	1,372,000	1,413,000	1,529,000
Non-audit services	1,255,000	85,000	587,000
Auditor's remuneration	$ 2,627,000	$ 1,498,000	$ 2,116,000

Directors' remuneration (Detail

Directors' remuneration (Details)	12 Months Ended
	Dec. 31, 2018USD ($)OptionsEquityInstruments$ / shares	Dec. 31, 2017USD ($)OptionsEquityInstruments$ / shares	Dec. 31, 2016USD ($)EquityInstruments$ / sharesshares	Dec. 31, 2015USD ($)	Dec. 07, 2016$ / shares	Dec. 06, 2016$ / shares
Related party
Equity-settled share-based payments	$ 2,390,000	$ 8,264,000	$ 2,762,000
Share consolidation ratio					10
Par value per share | $ / shares	$ 0.004	$ 0.004	$ 0.004		$ 0.004	$ 0.0004
Directors
Related party
Salaries, bonus and benefits	$ 3,353,000	$ 4,490,000	$ 2,367,000
Equity-settled share-based payments	2,390,000	8,158,000	2,214,000
Total	$ 5,743,000	$ 12,648,000	$ 4,581,000
Granted during the period, options | Options	712,500	5,726,477
Granted during the period after Share Consolidation effect, options | shares			1,068,955
Exercised during the period, options | Options	6,050,202	1,949,229
Exercised during the period after Share Consolidation effect, options | shares			1,800,000
Expired during the period, options | Options	4,758,542	0
Expired during the period after Share Consolidation effect, options | shares			732,820
Granted during the period, non-options | EquityInstruments	712,500	5,726,477
Granted during the period after Share Consolidation effect, non-options | shares			1,068,955
Vested during period, non-options | EquityInstruments	2,367,859	3,774,432
Vested during the period after Share Consolidation effect, non-options | shares			1,411,851
Forfeited during the period, non-options | EquityInstruments	188,125	0	0
Other emoluments payable during the year	$ 0	$ 0	$ 0
Other emoluments waived during the year		0	0	$ 0
Independent non-executive directors
Related party
Salaries, bonus and benefits	369,000	332,000	325,000
Equity-settled share-based payments	910,000	643,000	281,000
Total	1,279,000	975,000	606,000
Other emoluments payable during the year	0	0	0
William Tudor Brown
Related party
Salaries, bonus and benefits	90,000	89,000	85,000
Equity-settled share-based payments	188,000	8,000	24,000
Total	278,000	97,000	109,000
Chiang Shang-yi
Related party
Salaries, bonus and benefits	65,000	47,000
Equity-settled share-based payments	100,000	250,000
Total	165,000	297,000
Cong Jingsheng Jason
Related party
Salaries, bonus and benefits	58,000	35,000
Equity-settled share-based payments	119,000	217,000
Total	177,000	252,000
Lau Lawrence Juen-Yee
Related party
Salaries, bonus and benefits	32,000
Equity-settled share-based payments	110,000
Total	142,000
Fan Ren Da Anthony
Related party
Salaries, bonus and benefits	34,000
Equity-settled share-based payments	110,000
Total	144,000
Lip-Bu Tan
Related party
Salaries, bonus and benefits	51,000	91,000	100,000
Equity-settled share-based payments	269,000	128,000	156,000
Total	320,000	219,000	256,000
Carmen I-Hua Chang
Related party
Salaries, bonus and benefits	39,000	70,000	68,000
Equity-settled share-based payments	14,000	40,000	78,000
Total	53,000	110,000	146,000
Sean Maloney
Related party
Salaries, bonus and benefits			72,000
Equity-settled share-based payments			23,000
Total			95,000
Executive directors
Related party
Salaries, bonus and benefits	2,494,000	2,190,000	1,860,000
Equity-settled share-based payments	954,000	1,849,000	1,775,000
Total	3,448,000	4,039,000	3,635,000
Zhou Zixue
Related party
Salaries, bonus and benefits	695,000	765,000	527,000
Equity-settled share-based payments	129,000	311,000	655,000
Total	824,000	1,076,000	1,182,000
Zhao Haijun
Related party
Salaries, bonus and benefits	714,000	726,000
Equity-settled share-based payments	824,000	1,514,000
Total	1,538,000	2,240,000
Liang Mong Song
Related party
Salaries, bonus and benefits	478,000	65,000
Total	478,000	65,000
Gao Yonggang
Related party
Salaries, bonus and benefits	607,000	634,000	413,000
Equity-settled share-based payments	1,000	24,000	82,000
Total	608,000	658,000	495,000
Tzu-Yin Chiu
Related party
Salaries, bonus and benefits			920,000
Equity-settled share-based payments			1,038,000
Total			1,958,000
Non-executive director
Related party
Salaries, bonus and benefits	490,000	1,968,000	182,000
Equity-settled share-based payments	526,000	5,666,000	158,000
Total	1,016,000	7,634,000	340,000
Chen Shanzhi
Related party
Salaries, bonus and benefits	70,000	75,000	80,000
Equity-settled share-based payments	269,000	128,000	136,000
Total	339,000	203,000	216,000
Ren Kai
Related party
Salaries, bonus and benefits	65,000	70,000	63,000
Equity-settled share-based payments	0		22,000
Total	65,000	70,000	85,000
Lu Jun
Related party
Salaries, bonus and benefits			39,000
Total			$ 39,000
Tong Guohua
Related party
Salaries, bonus and benefits	63,000	40,000
Equity-settled share-based payments	119,000	217,000
Total	182,000	257,000
Tzu-Yin Chiu
Related party
Salaries, bonus and benefits	292,000	1,783,000
Equity-settled share-based payments	138,000	5,321,000
Total	$ 430,000	$ 7,104,000

Five highest paid employees (De

Five highest paid employees (Details)	12 Months Ended
	Dec. 31, 2018USD ($)individual	Dec. 31, 2017USD ($)individual	Dec. 31, 2016USD ($)individual
Disclosure of Highest Paid Employees [Line Items]
Bonus	$ 64,130,000	$ 57,289,000	$ 123,313,000
Equity-settled share-based payment	11,661,000	18,214,000	14,210,000
Total employee benefits expense	$ 674,688,000	621,945,000	547,918,000
Highest paid employees
Disclosure of Highest Paid Employees [Line Items]
Number of highest paid individuals | individual	5
Emoluments paid to the highest paid individuals	$ 0	$ 0	$ 0
Highly paid directors
Disclosure of Highest Paid Employees [Line Items]
Number of highest paid individuals | individual	3	3	2
Highly paid non-directors
Disclosure of Highest Paid Employees [Line Items]
Number of highest paid individuals | individual	2	2	3
Salaries and benefits	$ 954,000	$ 630,000	$ 692,000
Bonus	325,000	746,000	611,000
Equity-settled share-based payment		338,000	412,000
Total employee benefits expense	$ 1,279,000	$ 1,714,000	$ 1,715,000

Five highest paid employees - N

Five highest paid employees - Number of non-director, highest paid individuals (Details) - Highly paid non-directors - individual	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Highest paid employees
Number of highest paid individuals	2	2	3
HK$4,000,001 (US$510,761) to HK$4,500,000 (US$574,605)
Highest paid employees
Number of highest paid individuals			2
HK$4,500,001 (US$574,606) to HK$5,000,000 (US$630,450)
Highest paid employees
Number of highest paid individuals	1
HK$5,000,001 (US$630,451) to HK$5,500,000 (US$702,295)
Highest paid employees
Number of highest paid individuals	1		1
HK$6,500,001 (US$829,986) to HK$7,000,000 (US$893,830)
Highest paid employees
Number of highest paid individuals		2

Earnings per share (Details)

Earnings per share (Details) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 07, 2016$ / shares	Dec. 06, 2016$ / shares
Basic earnings per share
Profit (loss) attributable to owners | $		$ 134,055	$ 179,679	$ 376,630
Distribution to perpetual subordinated convertible securities holders | $		(6,300)
Earnings used in the calculation of basic earnings per share | $		$ 127,755	$ 179,679	$ 376,630
Weighted average number of ordinary shares for the purpose of basic earnings per share		4,976,275,431	4,628,850,686	4,221,765,945
Basic earnings per share | $ / shares	[1]	$ 0.03	$ 0.04	$ 0.09
Share Consolidation ratio					10
Par value per share | $ / shares		$ 0.004	$ 0.004	$ 0.004	$ 0.004	$ 0.0004
Diluted earnings per share
Earnings used in the calculation of basic earnings per share | $		$ 127,755	$ 179,679	$ 376,630
Interest expense from convertible bonds | $			905	16,352
Earnings used in the calculation of diluted earnings per share | $		$ 127,755	$ 180,584	$ 392,982
Weighted average number of ordinary shares used in the calculation of basic earnings per share		4,976,275,431	4,628,850,686	4,221,765,945
Employee option and restricted share units		36,411,011	44,496,788	36,240,710
Convertible bonds			38,241,356	575,099,614
Perpetual subordinated convertible securities			1,848,513
Weighted average number of ordinary shares used in the calculation of diluted earnings per share		5,012,686,442	4,713,437,343	4,833,106,269
Diluted earnings per share | $ / shares	[1]	$ 0.03	$ 0.04	$ 0.08
Employee stock options
Diluted earnings per share
Antidilutive securities excluded from computation of diluted earnings per share		14,115,014	5,214,138	19,757,421
Conversion of convertible bonds | Potential shares
Diluted earnings per share
Antidilutive securities excluded from computation of diluted earnings per share		371,589,975	377,137,509	0
Perpetual subordinated convertible securities | Potential shares
Diluted earnings per share
Antidilutive securities excluded from computation of diluted earnings per share		163,815,024	0	0
[1]	The basic and diluted earnings per share for the prior years have been adjusted to reflect the impact of the share consolidation, on the basis that every ten ordinary shares of US$0.0004 each consolidated into one ordinary share of US$0.004 each, which was accounted for as a reverse stock split effective on December 7, 2016 (“Share Consolidation”). Please refer to Note 14 for more details

Dividend (Details)

Dividend (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Dividend
Payment of dividend	$ 0	$ 0	$ 0

Property, plant and equipment_2

Property, plant and equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, plant and equipment
Property, plant and equipment at beginning of the year	$ 6,523,403,000	$ 5,687,357,000
Depreciation expense	994,642,000	906,034,000	$ 673,161,000
Impairment loss recognised on property, plant and equipment	990,000	0	7,529,000
Property, plant and equipment at end of the year	6,777,970,000	6,523,403,000	5,687,357,000
Cost
Property, plant and equipment
Property, plant and equipment at beginning of the year	15,372,079,000	13,751,241,000	11,334,965,000
Business combination			113,119,000
Addition	1,757,031,000	2,425,697,000	2,597,970,000
Disposals	(625,126,000)	(804,859,000)	(294,813,000)
Deconsolidation of subsidiary due to loss of control	(8,650,000)
Reclassified as held-for-sale (Note 25)	(166,260,000)
Exchange differences	(22,660,000)
Property, plant and equipment at end of the year	16,306,414,000	15,372,079,000	13,751,241,000
Accumulated depreciation and impairment
Property, plant and equipment
Property, plant and equipment at beginning of the year	(8,848,676,000)	(8,063,884,000)	(7,431,147,000)
Disposals	276,537,000	121,242,000	47,953,000
Depreciation expense	994,642,000	906,034,000	673,161,000
Impairment loss recognised on property, plant and equipment	990,000		7,529,000
Deconsolidation of subsidiary due to loss of control	78,000
Reclassified as held-for-sale (Note 25)	36,737,000
Exchange differences	2,512,000
Property, plant and equipment at end of the year	(9,528,444,000)	(8,848,676,000)	(8,063,884,000)
Land
Property, plant and equipment
Property, plant and equipment at beginning of the year	2,485,000	2,485,000
Property, plant and equipment at end of the year		2,485,000	2,485,000
Land | Cost
Property, plant and equipment
Property, plant and equipment at beginning of the year	2,485,000	2,485,000
Business combination			2,485,000
Reclassified as held-for-sale (Note 25)	(2,485,000)
Property, plant and equipment at end of the year		2,485,000	2,485,000
Buildings
Property, plant and equipment
Property, plant and equipment at beginning of the year	681,761,000	571,585,000
Property, plant and equipment at end of the year	649,716,000	681,761,000	571,585,000
Buildings | Cost
Property, plant and equipment
Property, plant and equipment at beginning of the year	870,567,000	724,967,000	588,820,000
Business combination			42,612,000
Transfer from (out) CIP	44,127,000	174,143,000	93,535,000
Disposals	(1,089,000)	(28,543,000)
Reclassified as held-for-sale (Note 25)	(43,182,000)
Property, plant and equipment at end of the year	870,423,000	870,567,000	724,967,000
Buildings | Accumulated depreciation and impairment
Property, plant and equipment
Property, plant and equipment at beginning of the year	(188,806,000)	(153,382,000)	(135,538,000)
Disposals	924,000	5,819,000	289,000
Depreciation expense	37,031,000	41,243,000	18,133,000
Reclassified as held-for-sale (Note 25)	4,206,000
Property, plant and equipment at end of the year	(220,707,000)	(188,806,000)	(153,382,000)
Plant and equipment
Property, plant and equipment
Property, plant and equipment at beginning of the year	3,957,791,000	3,759,890,000
Property, plant and equipment at end of the year	3,755,390,000	3,957,791,000	3,759,890,000
Plant and equipment | Cost
Property, plant and equipment
Property, plant and equipment at beginning of the year	12,452,099,000	11,523,217,000	9,404,456,000
Business combination			63,519,000
Transfer from (out) CIP	1,142,788,000	1,696,092,000	2,338,662,000
Disposals	(593,647,000)	(767,210,000)	(283,420,000)
Deconsolidation of subsidiary due to loss of control	(375,000)
Reclassified as held-for-sale (Note 25)	(98,253,000)
Exchange differences	(19,615,000)
Property, plant and equipment at end of the year	12,882,997,000	12,452,099,000	11,523,217,000
Plant and equipment | Accumulated depreciation and impairment
Property, plant and equipment
Property, plant and equipment at beginning of the year	(8,494,308,000)	(7,763,327,000)	(7,157,258,000)
Disposals	266,143,000	108,370,000	33,917,000
Depreciation expense	928,978,000	839,351,000	639,986,000
Impairment loss recognised on property, plant and equipment	990,000
Deconsolidation of subsidiary due to loss of control	78,000
Reclassified as held-for-sale (Note 25)	28,017,000
Exchange differences	2,431,000
Property, plant and equipment at end of the year	(9,127,607,000)	(8,494,308,000)	(7,763,327,000)
Office equipment
Property, plant and equipment
Property, plant and equipment at beginning of the year	47,344,000	43,195,000
Property, plant and equipment at end of the year	47,362,000	47,344,000	43,195,000
Office equipment | Cost
Property, plant and equipment
Property, plant and equipment at beginning of the year	195,325,000	167,558,000	134,858,000
Business combination			290,000
Transfer from (out) CIP	32,997,000	31,355,000	34,546,000
Disposals	(2,528,000)	(3,588,000)	(2,136,000)
Reclassified as held-for-sale (Note 25)	(8,550,000)
Exchange differences	(322,000)
Property, plant and equipment at end of the year	216,922,000	195,325,000	167,558,000
Office equipment | Accumulated depreciation and impairment
Property, plant and equipment
Property, plant and equipment at beginning of the year	(147,981,000)	(124,363,000)	(111,457,000)
Disposals	2,459,000	1,822,000	2,136,000
Depreciation expense	28,633,000	25,440,000	15,042,000
Reclassified as held-for-sale (Note 25)	4,514,000
Exchange differences	81,000
Property, plant and equipment at end of the year	(169,560,000)	(147,981,000)	(124,363,000)
Construction in progress (CIP)
Property, plant and equipment
Property, plant and equipment at beginning of the year	1,834,022,000	1,310,202,000
Property, plant and equipment at end of the year	2,325,502,000	1,834,022,000	1,310,202,000
Construction in progress (CIP) | Cost
Property, plant and equipment
Property, plant and equipment at beginning of the year	1,851,603,000	1,333,014,000	1,206,831,000
Business combination			4,213,000
Transfer from (out) CIP	(1,219,912,000)	(1,901,590,000)	(2,466,743,000)
Addition	1,757,031,000	2,425,697,000	2,597,970,000
Disposals	(27,862,000)	(5,518,000)	(9,257,000)
Deconsolidation of subsidiary due to loss of control	(8,275,000)
Reclassified as held-for-sale (Note 25)	(13,790,000)
Exchange differences	(2,723,000)
Property, plant and equipment at end of the year	2,336,072,000	1,851,603,000	1,333,014,000
Construction in progress (CIP) | Accumulated depreciation and impairment
Property, plant and equipment
Property, plant and equipment at beginning of the year	(17,581,000)	(22,812,000)	(26,894,000)
Disposals	7,011,000	5,231,000	11,611,000
Impairment loss recognised on property, plant and equipment			7,529,000
Property, plant and equipment at end of the year	$ (10,570,000)	$ (17,581,000)	$ (22,812,000)

Property, plant and equipment -

Property, plant and equipment - Narrative (Details)	12 Months Ended
	Dec. 31, 2018USD ($)facility	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Property, plant and equipment
Property, plant and equipment	$ 6,777,970,000	$ 6,523,403,000	$ 5,687,357,000
Impairment losses on tangible assets (Note 16)	990,000	0	7,529,000
Assets pledged as security	207,200,000	362,300,000	631,400,000
Interest costs capitalised	47,169,000	31,144,000	27,992,000
Depreciation expense on capitalised interest	27,500,000	22,700,000	19,400,000
Subsidiary for research and development activities
Property, plant and equipment
Property, plant and equipment	251,900,000
Other SMIC subsidiaries
Property, plant and equipment
Property, plant and equipment	52,100,000
Construction in progress (CIP)
Property, plant and equipment
Property, plant and equipment	2,325,502,000	$ 1,834,022,000	$ 1,310,202,000
300mm fab | Beijing fabrication facilities
Property, plant and equipment
Property, plant and equipment	$ 543,300,000
Number of facilities | facility	2
300mm fab | Shanghai fabrication facilities
Property, plant and equipment
Property, plant and equipment	$ 434,900,000
300mm fab | Shenzhen fabrication facility
Property, plant and equipment
Property, plant and equipment	563,200,000
200mm fab | Tianjin fabrication facility
Property, plant and equipment
Property, plant and equipment	$ 480,100,000
Number of facilities | facility	1

Intangible assets (Details)

Intangible assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	$ 219,944,000	$ 248,581,000
Amortization expense for the year	51,595,000	63,098,000	$ 55,080,000
Impairment loss	8,228,000
Intangible assets and goodwill at end of the year	122,854,000	219,944,000	248,581,000
Amortisation expenses included in cost of sales	31,000,000	36,800,000	37,800,000
Amortisation expenses included in research and development expenses	18,800,000	20,500,000	17,200,000
Goodwill
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	3,933,000	3,933,000
Intangible assets and goodwill at end of the year		3,933,000	3,933,000
Other intangible assets
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	216,011,000	244,648,000
Impairment loss	8,200,000	0	0
Intangible assets and goodwill at end of the year	122,854,000	216,011,000	244,648,000
Cost
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	484,431,000	449,970,000	391,177,000
Business combination			12,021,000
Additions	8,749,000	34,461,000	67,936,000
Deconsolidation of subsidiary due to loss of control	(40,509,000)
Expired and disposal			(21,164,000)
Reclassified as held-for-sale	(12,273,000)
Exchange differences	(2,790,000)
Intangible assets and goodwill at end of the year	437,608,000	484,431,000	449,970,000
Cost | Goodwill
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	3,933,000	3,933,000
Business combination			3,933,000
Reclassified as held-for-sale	(3,933,000)
Intangible assets and goodwill at end of the year		3,933,000	3,933,000
Cost | Other intangible assets
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	480,498,000	446,037,000	391,177,000
Business combination			8,088,000
Additions	8,749,000	34,461,000	67,936,000
Deconsolidation of subsidiary due to loss of control	(40,509,000)
Expired and disposal			(21,164,000)
Reclassified as held-for-sale	(8,340,000)
Exchange differences	(2,790,000)
Intangible assets and goodwill at end of the year	437,608,000	480,498,000	446,037,000
Accumulated amortization and impairment
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	(264,487,000)	(201,389,000)	(166,898,000)
Amortization expense for the year	51,595,000	63,098,000	55,080,000
Impairment loss	8,228,000
Deconsolidation of subsidiary due to loss of control	4,748,000
Expired and disposal			20,589,000
Reclassified as held-for-sale	4,061,000
Exchange differences	747,000
Intangible assets and goodwill at end of the year	(314,754,000)	(264,487,000)	(201,389,000)
Accumulated amortization and impairment | Other intangible assets
Rollforward of intangible assets
Intangible assets and goodwill at beginning of the year	(264,487,000)	(201,389,000)	(166,898,000)
Amortization expense for the year	51,595,000	63,098,000	55,080,000
Impairment loss	8,228,000
Deconsolidation of subsidiary due to loss of control	4,748,000
Expired and disposal			20,589,000
Reclassified as held-for-sale	4,061,000
Exchange differences	747,000
Intangible assets and goodwill at end of the year	$ (314,754,000)	$ (264,487,000)	$ (201,389,000)

Subsidiaries - Summary (Details

Subsidiaries - Summary (Details)

Jan. 30, 2018USD ($)

Jan. 29, 2018USD ($)

Aug. 10, 2017USD ($)

Aug. 09, 2017

Dec. 31, 2018JPY (¥)

Dec. 31, 2018CNY (¥)

Dec. 31, 2018HKD ($)

Dec. 31, 2018EUR (€)

Dec. 31, 2018USD ($)

Jul. 29, 2016

Jun. 24, 2016EUR (€)

Jun. 24, 2016USD ($)

Better Way Enterprises Limited ("Better Way")

Subsidiaries

Paid up registered capital

$ 1,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Semiconductor Manufacturing International (Shanghai) Corporation ("SMIS" or "SMIC Shanghai")

Subsidiaries

Paid up registered capital

1,770,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC, Americas

Subsidiaries

Paid up registered capital

500,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Semiconductor Manufacturing International (Beijing) Corporation ("SMIB" or "SMIC Beijing")

Subsidiaries

Paid up registered capital

1,000,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Japan

Subsidiaries

Paid up registered capital | ¥

¥ 10,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Europe S.R.L

Subsidiaries

Paid up registered capital | €

€ 100,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Semiconductor Manufacturing International (Solar Cell) Corporation

Subsidiaries

Paid up registered capital

11,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Smic Investment Shanghai Corporation Member

Subsidiaries

Paid up registered capital

465,800,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Semiconductor Manufacturing International (Tianjin) Corporation ("SMIT" or "SMIC Tianjin")

Subsidiaries

Paid up registered capital

770,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Development (Chengdu) Corporation ("SMICD")

Subsidiaries

Paid up registered capital

5,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Semiconductor Manufacturing International (BVI) Corporation ("SMIC (BVI)")

Subsidiaries

Paid up registered capital

10

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Admiral Investment Holdings Limited

Subsidiaries

Paid up registered capital

10

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Shanghai (Cayman) Corporation

Subsidiaries

Paid up registered capital

50,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Beijing (Cayman) Corporation

Subsidiaries

Paid up registered capital

50,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Tianjin (Cayman) Corporation

Subsidiaries

Paid up registered capital

50,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SilTech Semiconductor Corporation

Subsidiaries

Paid up registered capital

10,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Shenzhen (Cayman) Corporation

Subsidiaries

Paid up registered capital

50,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Advanced Technology Research and Development (Shanghai) Corporation

Subsidiaries

Paid up registered capital

400,000,000

Proportion of ownership interest held by the Company (as a percent)

97.45%

Proportion of voting power held by the Company (as a percent)

97.45%

SMIC Holdings Corporation

Subsidiaries

Paid up registered capital

50,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SJ Semiconductor Corporation

Subsidiaries

Paid up registered capital

5,668

Proportion of ownership interest held by the Company (as a percent)

56.045%

Proportion of voting power held by the Company (as a percent)

56.045%

Magnificent Tower Limited

Subsidiaries

Paid up registered capital

50,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Hong Kong International Company Limited (formerly "SMIC Shanghai (HK) Company Limited")

Subsidiaries

Paid up registered capital

$ 1

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Beijing (HK) Company Limited

Subsidiaries

Paid up registered capital

1

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Tianjin (HK) Company Limited

Subsidiaries

Paid up registered capital

1

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Solar Cell (HK) Company Limited

Subsidiaries

Paid up registered capital

1

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Shenzhen (HK) Company Limited

Subsidiaries

Paid up registered capital

1

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SilTech Semiconductor (Hong Kong) Corporation Limited

Subsidiaries

Paid up registered capital

1,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Semiconductor Manufacturing International (Shenzhen) Corporation

Subsidiaries

Paid up registered capital

700,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SilTech Semiconductor (Shanghai) Corporation Limited ("SilTech Shanghai")

Subsidiaries

Paid up registered capital

12,000,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Semiconductor Manufacturing North China (Beijing) Corporation ("SMNC")

Subsidiaries

Paid up registered capital

3,900,000,000

Proportion of ownership interest held by the Company (as a percent)

51.00%

Proportion of voting power held by the Company (as a percent)

51.00%

51.00%

Cash Contribution to Registered Capital

$ 1,224,000,000

China IC Capital Co., Ltd

Subsidiaries

Paid up registered capital | ¥

¥ 1,342,500,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

China Ic Capital Ningbo Co Ltd Member

Subsidiaries

Paid up registered capital

199,500,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

Shanghai Hexin Investment Management Limited Partnership

Subsidiaries

Paid up registered capital | ¥

¥ 50,000,000

Proportion of ownership interest held by the Company (as a percent)

99.00%

Proportion of voting power held by the Company (as a percent)

99.00%

SJ Semiconductor (HK) Limited

Subsidiaries

Paid up registered capital

$ 1,000

Proportion of ownership interest held by the Company (as a percent)

56.045%

Proportion of voting power held by the Company (as a percent)

56.045%

SJ Semiconductor (Jiangyin) Corporation ("SJ Jiangyin")

Subsidiaries

Paid up registered capital

259,500,000

Proportion of ownership interest held by the Company (as a percent)

56.045%

Proportion of voting power held by the Company (as a percent)

56.045%

LFoundry S.r.l. ("LFoundry")

Subsidiaries

Paid up registered capital | €

€ 2,000,000

Proportion of ownership interest held by the Company (as a percent)

70.00%

Proportion of voting power held by the Company (as a percent)

70.00%

Semiconductor Manufacturing South China Corporation

Subsidiaries

Paid up registered capital

2,152,475,706

Proportion of ownership interest held by the Company (as a percent)

50.10%

100.00%

51.32%

Proportion of voting power held by the Company (as a percent)

51.32%

Registered capital

$ 3,500,000,000

$ 210,000,000

SJ Semiconductor USA Co.

Subsidiaries

Paid up registered capital

500,000

Proportion of ownership interest held by the Company (as a percent)

56.045%

Proportion of voting power held by the Company (as a percent)

56.045%

SMIC (Sofia) EOOD

Subsidiaries

Paid up registered capital

1,800,000

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

SMIC Innovation Design Center (Ningbo) Co., Ltd.

Subsidiaries

Proportion of ownership interest held by the Company (as a percent)

100.00%

Proportion of voting power held by the Company (as a percent)

100.00%

North China IC Innovation Center (Beijing) Co., Ltd

Subsidiaries

Paid up registered capital

$ 1,000,000

Proportion of ownership interest held by the Company (as a percent)

51.00%

Proportion of voting power held by the Company (as a percent)

51.00%

SMIC Holdings Corporation | Semiconductor Manufacturing South China Corporation

Subsidiaries

Capital contribution made into the registered capital

1,543,500,000

China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund")

Subsidiaries

Cash Contribution to Registered Capital

$ 900,000,000

Percentage of ownership interest in joint venture

32.00%

26.50%

China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund") | Semiconductor Manufacturing South China Corporation

Subsidiaries

Capital contribution made into the registered capital

$ 946,500,000

Proportion of ownership interest

27.04%

E Town Capital

Subsidiaries

Cash Contribution to Registered Capital

$ 276,000,000

Percentage of ownership interest in joint venture

5.75%

Shanghai IC Fund | Semiconductor Manufacturing South China Corporation

Subsidiaries

Capital contribution made into the registered capital

$ 800,000,000

Proportion of ownership interest

22.86%

LFoundry S.r.l. ("LFoundry")

Subsidiaries

Percentage of equity interests acquired

70.00%

Acquisition consideration

€ 49,000,000

$ 54,400,000

Subsidiaries - subsidiaries wit

Subsidiaries - subsidiaries with material NCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Subsidiaries
Profit (loss) attributable to the non-controlling interests	$ (56,844)	$ (53,256)	$ (60,196)
Accumulated non-controlling interests	2,905,766	1,488,302	1,252,553
Additional capital injection from NCI	1,488,900	294,000	831,254
Subsidiaries with material non-controlling interests
Subsidiaries
Profit (loss) attributable to the non-controlling interests	(47,055)	(44,009)	(59,413)
Accumulated non-controlling interests	$ 2,891,433	$ 1,448,770	$ 1,205,372
Semiconductor Manufacturing North China (Beijing) Corporation ("SMNC")
Subsidiaries
Proportion of ownership interests and voting rights held by non-controlling interests (as a percent)	49.00%	49.00%	49.00%
Profit (loss) attributable to the non-controlling interests	$ (39,213)	$ (39,113)	$ (55,868)
Accumulated non-controlling interests	1,726,377	1,324,590	1,069,703
Additional capital injection from NCI	$ 441,000	$ 294,000	$ 754,100
Semiconductor Manufacturing South China Corporation
Subsidiaries
Proportion of ownership interests and voting rights held by non-controlling interests (as a percent)	48.70%
Profit (loss) attributable to the non-controlling interests	$ (5,349)
Accumulated non-controlling interests	1,042,551
Additional capital injection from NCI	$ 1,047,900
SJ Semiconductor Corporation
Subsidiaries
Proportion of ownership interests and voting rights held by non-controlling interests (as a percent)	44.00%	44.00%	44.00%
Profit (loss) attributable to the non-controlling interests	$ (2,493)	$ (4,896)	$ (3,545)
Accumulated non-controlling interests	$ 122,505	$ 124,180	135,669
Additional capital injection from NCI			$ 60,000

Subsidiaries - SMNC (Details)

Subsidiaries - SMNC (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Subsidiaries
Current assets	$ 6,149,591	$ 4,168,984	$ 3,683,753
Non-current assets	8,274,729	7,749,467	6,431,525
Current liabilities	(2,859,228)	(1,906,779)	(1,980,900)
Non-current liabilities	(2,641,512)	(3,290,337)	(2,731,151)
Equity attributable to owners of the Company	5,453,966	5,168,960	4,150,674
Non-controlling interests	2,905,766	1,488,302	1,252,553
Revenue	3,359,984	3,101,175	2,914,180
Other income	57,283	44,957	177
Profit for the year	77,211	126,423	316,434
Profit (loss) attributable to owners	134,055	179,679	376,630
Profit (loss) attributable to the non-controlling interests	(56,844)	(53,256)	(60,196)
Total comprehensive loss attributable to owners	133,977	251,135	326,191
Total comprehensive loss attributable to the non-controlling interests	(56,625)	(51,658)	(61,087)
Total comprehensive income (loss) for the year	77,352	199,477	265,104
Net cash inflow (outflow) from operating activities	799,426	1,080,686	977,202
Net cash inflow (outflow) from investing activities	(3,197,261)	(2,662,139)	(2,443,333)
Net cash inflow (outflow) from financing activities	2,376,922	1,271,591	2,614,778
Net (decrease) increase in cash and cash equivalent	(20,913)	(309,862)	1,148,647
Semiconductor Manufacturing North China (Beijing) Corporation ("SMNC")
Subsidiaries
Current assets	2,582,534	1,559,016	1,103,214
Non-current assets	1,918,935	2,046,290	1,807,207
Current liabilities	(629,152)	(596,500)	(409,898)
Non-current liabilities	(358,793)	(315,718)	(327,995)
Net assets	3,513,524	2,693,088	2,172,528
Equity attributable to owners of the Company	1,787,147	1,368,498	1,102,825
Non-controlling interests	1,726,377	1,324,590	1,069,703
Revenue	597,257	471,174	243,715
Expense	(709,627)	(574,386)	(339,910)
Other income	32,345	23,389	(19,480)
Profit for the year	(80,025)	(79,823)	(115,675)
Profit (loss) attributable to owners	(40,812)	(40,710)	(59,807)
Profit (loss) attributable to the non-controlling interests	(39,213)	(39,113)	(55,868)
Total comprehensive loss attributable to owners	(40,812)	(40,710)	(59,807)
Total comprehensive loss attributable to the non-controlling interests	(39,213)	(39,113)	(55,868)
Total comprehensive income (loss) for the year	(80,025)	(79,823)	(115,675)
Dividends paid to non-controlling interests	0	0	0
Net cash inflow (outflow) from operating activities	101,384	188,115	(13,082)
Net cash inflow (outflow) from investing activities	(936,942)	(820,606)	(1,627,788)
Net cash inflow (outflow) from financing activities	890,109	590,091	1,655,011
Net (decrease) increase in cash and cash equivalent	54,551	$ (42,400)	$ 14,141
Semiconductor Manufacturing South China Corporation
Subsidiaries
Current assets	2,031,682
Non-current assets	166,037
Current liabilities	(58,254)
Net assets	2,139,465
Equity attributable to owners of the Company	1,096,914
Non-controlling interests	1,042,551
Expense	(19,625)
Other income	4,336
Profit for the year	(15,289)
Profit (loss) attributable to owners	(9,940)
Profit (loss) attributable to the non-controlling interests	(5,349)
Total comprehensive loss attributable to owners	(9,940)
Total comprehensive loss attributable to the non-controlling interests	(5,349)
Total comprehensive income (loss) for the year	(15,289)
Dividends paid to non-controlling interests	0
Net cash inflow (outflow) from operating activities	(10,775)
Net cash inflow (outflow) from investing activities	(1,937,066)
Net cash inflow (outflow) from financing activities	1,951,830
Net (decrease) increase in cash and cash equivalent	$ 3,989

Subsidiaries - SMSC (Details)

Subsidiaries - SMSC (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Subsidiaries
Current assets	$ 6,149,591	$ 4,168,984	$ 3,683,753
Non-current assets	8,274,729	7,749,467	6,431,525
Current liabilities	(2,859,228)	(1,906,779)	(1,980,900)
Equity attributable to owners of the Company	5,453,966	5,168,960	4,150,674
Non-controlling interests	2,905,766	1,488,302	1,252,553
Revenue	3,359,984	3,101,175	2,914,180
Other income	57,283	44,957	177
Profit for the year	77,211	126,423	316,434
Profit (loss) attributable to owners	134,055	179,679	376,630
Profit (loss) attributable to the non-controlling interests	(56,844)	(53,256)	(60,196)
Total comprehensive loss attributable to owners	133,977	251,135	326,191
Total comprehensive loss attributable to the non-controlling interests	(56,625)	(51,658)	(61,087)
Total comprehensive income (loss) for the year	77,352	199,477	265,104
Net cash inflow (outflow) from operating activities	799,426	1,080,686	977,202
Net cash inflow (outflow) from investing activities	(3,197,261)	(2,662,139)	(2,443,333)
Net cash inflow (outflow) from financing activities	2,376,922	1,271,591	2,614,778
Net (decrease) increase in cash and cash equivalent	(20,913)	$ (309,862)	$ 1,148,647
Semiconductor Manufacturing South China Corporation
Subsidiaries
Current assets	2,031,682
Non-current assets	166,037
Current liabilities	(58,254)
Net assets	2,139,465
Equity attributable to owners of the Company	1,096,914
Non-controlling interests	1,042,551
Expense	(19,625)
Other income	4,336
Profit for the year	(15,289)
Profit (loss) attributable to owners	(9,940)
Profit (loss) attributable to the non-controlling interests	(5,349)
Total comprehensive loss attributable to owners	(9,940)
Total comprehensive loss attributable to the non-controlling interests	(5,349)
Total comprehensive income (loss) for the year	(15,289)
Dividends paid to non-controlling interests	0
Net cash inflow (outflow) from operating activities	(10,775)
Net cash inflow (outflow) from investing activities	(1,937,066)
Net cash inflow (outflow) from financing activities	1,951,830
Net (decrease) increase in cash and cash equivalent	$ 3,989

Subsidiaries - SJ Semi (Details

Subsidiaries - SJ Semi (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Subsidiaries
Current assets	$ 6,149,591	$ 4,168,984	$ 3,683,753
Non-current assets	8,274,729	7,749,467	6,431,525
Current liabilities	(2,859,228)	(1,906,779)	(1,980,900)
Non-current liabilities	(2,641,512)	(3,290,337)	(2,731,151)
Equity attributable to owners of the Company	5,453,966	5,168,960	4,150,674
Non-controlling interests	2,905,766	1,488,302	1,252,553
Revenue	3,359,984	3,101,175	2,914,180
Other income	57,283	44,957	177
Profit for the year	77,211	126,423	316,434
Profit (loss) attributable to owners	134,055	179,679	376,630
Profit (loss) attributable to the non-controlling interests	(56,844)	(53,256)	(60,196)
Total comprehensive loss attributable to owners	133,977	251,135	326,191
Total comprehensive loss attributable to the non-controlling interests	(56,625)	(51,658)	(61,087)
Total comprehensive income (loss) for the year	77,352	199,477	265,104
Net cash inflow (outflow) from operating activities	799,426	1,080,686	977,202
Net cash inflow (outflow) from investing activities	(3,197,261)	(2,662,139)	(2,443,333)
Net cash inflow (outflow) from financing activities	2,376,922	1,271,591	2,614,778
Net (decrease) increase in cash and cash equivalent	(20,913)	(309,862)	1,148,647
SJ Semiconductor Corporation
Subsidiaries
Current assets	141,016	205,957	224,737
Non-current assets	180,061	131,041	102,790
Current liabilities	(38,280)	(46,608)	(11,656)
Non-current liabilities	(4,257)	(7,002)	(5,421)
Net assets	278,540	283,388	310,450
Equity attributable to owners of the Company	156,035	159,208	174,781
Non-controlling interests	122,505	124,180	135,669
Revenue	51,042	21,862	12,782
Expense	(68,011)	(39,504)	(27,300)
Other income	11,303	6,505	6,564
Profit for the year	(5,666)	(11,137)	(7,954)
Profit (loss) attributable to owners	(3,173)	(6,241)	(4,409)
Profit (loss) attributable to the non-controlling interests	(2,493)	(4,896)	(3,545)
Total comprehensive loss attributable to owners	(3,173)	(6,241)	(4,409)
Total comprehensive loss attributable to the non-controlling interests	(2,493)	(4,896)	(3,545)
Total comprehensive income (loss) for the year	(5,666)	(11,137)	(7,954)
Dividends paid to non-controlling interests	0	0	0
Net cash inflow (outflow) from operating activities	14,429	6,115	(1,194)
Net cash inflow (outflow) from investing activities	1,144	(65,993)	(147,752)
Net cash inflow (outflow) from financing activities	69	(1,983)	109,291
Net (decrease) increase in cash and cash equivalent	$ 15,642	$ (61,861)	$ (39,655)

Investments in associates (Deta

Investments in associates (Details) ¥ / shares in Units, $ in Thousands, ¥ in Millions	Aug. 30, 2018CNY (¥)¥ / sharesshares	Apr. 13, 2018USD ($)	Mar. 23, 2018CNY (¥)	Mar. 22, 2018CNY (¥)	Mar. 21, 2018	Mar. 01, 2018USD ($)	Feb. 28, 2018	Jul. 20, 2017CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2017	Dec. 31, 2016	Aug. 30, 2018USD ($)shares	Mar. 23, 2018USD ($)	Mar. 22, 2018USD ($)	Jul. 20, 2017USD ($)	Jul. 19, 2017CNY (¥)	Jul. 19, 2017USD ($)
Disclosure of associates [line items]
Gain on deconsolidation of subsidiaries									$ 3,466
Toppan SMIC Electronic (Shanghai) Co., Ltd ("Toppan")
Disclosure of associates [line items]
Proportion of ownership interest									30.00%	30.00%	30.00%
Zhongxin Xiecheng Investment (Beijing) Co., Ltd ("Zhongxin Xiecheng")
Disclosure of associates [line items]
Proportion of ownership interest									49.00%	49.00%	49.00%
Brite Semiconductor Corporation
Disclosure of associates [line items]
Proportion of ownership interest									46.60%	46.60%	47.30%
Suzhou Changjiang Electric Xinke Investment Co., Ltd. ("Changjiang Xinke")
Disclosure of associates [line items]
Proportion of ownership interest											19.60%
JCET
Disclosure of associates [line items]
Proportion of ownership interest									14.30%	14.30%
JCET | SilTech Semiconductor (Shanghai) Corporation Limited ("SilTech Shanghai")
Disclosure of associates [line items]
Proportion of ownership interest	14.28%
Number of shares subscribed in private placement | shares	34,696,198											34,696,198
Subscription price of share (per share) | ¥ / shares	¥ 14.89
Total subscription price of shares	¥ 516.6											$ 75,900
Transferable period for subscribed shares after completion of subscription	36 months
Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Disclosure of associates [line items]
Proportion of ownership interest								7.44%	7.40%	8.10%	11.40%
Capital contribution obligation								¥ 800							$ 117,800	¥ 600	$ 88,300
China Fortune-Tech Capital Co., Ltd ("China Fortune-Tech")
Disclosure of associates [line items]
Proportion of ownership interest									19.50%	30.00%	30.00%
Beijing Wu Jin Venture Investment Center (Limited Partnership) ("WuJin")
Disclosure of associates [line items]
Proportion of ownership interest									32.60%	32.60%	32.60%
Shanghai Fortune-Tech Qitai Invest Center (Limited Partnership) ("Fortune-Tech Qitai")
Disclosure of associates [line items]
Proportion of ownership interest									33.00%	33.00%	33.00%
Shanghai Fortune-Tech Zaixing Invest Center (Limited Partnership) ("Fortune-Tech Zaixing")
Disclosure of associates [line items]
Proportion of ownership interest									66.20%	66.20%	66.20%
Suzhou Fortune-Tech Oriental Invest Fund Center (Limited Partnership) ("Fortune-Tech Oriental")
Disclosure of associates [line items]
Proportion of ownership interest									44.80%	44.80%	44.80%
Juyuan Juxin Integrated Circuit Fund ("Juyuan Juxin")
Disclosure of associates [line items]
Proportion of ownership interest									31.60%	31.60%	40.90%
NSI
Disclosure of associates [line items]
Proportion of ownership interest									38.60%
Registered capital			¥ 1,820	¥ 355									$ 288,100	$ 56,200
Gain on deconsolidation of subsidiaries		$ 3,500
NSI | SMIC Holdings Corporation
Disclosure of associates [line items]
Proportion of ownership interest			38.57%	38.59%	66.76%
Agreed contribution into registered capital			¥ 565										89,400
NSI | China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund")
Disclosure of associates [line items]
Proportion of ownership interest			32.97%	28.17%
Agreed contribution into registered capital			¥ 500										$ 79,200
SMEC
Disclosure of associates [line items]
Proportion of ownership interest									23.50%
Semiconductor Global Solutions
Disclosure of associates [line items]
Proportion of ownership interest						30.00%	60.00%		35.00%
Semiconductor Global Solutions | China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund")
Disclosure of associates [line items]
Proportion of ownership interest						8.08%
Semiconductor Global Solutions | Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Disclosure of associates [line items]
Agreed contribution into registered capital						$ 5,000
Semiconductor Global Solutions | Other investors
Disclosure of associates [line items]
Agreed contribution into registered capital						$ 5,000
Shanghai IC Manufacturing Innovation Center Co., Ltd (Shanghai Innovation Center)
Disclosure of associates [line items]
Proportion of ownership interest									50.00%

Investments in associates - Sum

Investments in associates - Summary financial information (Details) $ / shares in Units, $ in Thousands	Jul. 20, 2017	Dec. 31, 2018USD ($)¥ / shares	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Disclosure of associates [line items]
Current assets		$ 6,149,591	$ 6,149,591	$ 4,168,984	$ 3,683,753
Non-current assets		8,274,729	8,274,729	7,749,467	6,431,525
Current liabilities		(2,859,228)	(2,859,228)	(1,906,779)	(1,980,900)
Non-current liabilities		(2,641,512)	(2,641,512)	(3,290,337)	(2,731,151)
Equity attributable to owners		5,453,966	5,453,966	5,168,960	4,150,674
Non-controlling interests		2,905,766	2,905,766	1,488,302	1,252,553
Total revenue			3,359,984	3,101,175	2,914,180
Profit (loss) attributable to owners			134,055	179,679	376,630
Profit (loss) attributable to the non-controlling interests			(56,844)	(53,256)	(60,196)
Profit (loss) for the year			77,211	126,423	316,434
Other comprehensive income (loss) for the period			141	73,054	(51,330)
Total comprehensive income (loss) for the period			77,352	199,477	265,104
Total comprehensive loss attributable to owners			133,977	251,135	326,191
Total comprehensive loss attributable to the non-controlling interests			(56,625)	(51,658)	(61,087)
JCET
Disclosure of associates [line items]
Current assets		1,803,128	1,803,128	1,401,575
Non-current assets		3,456,513	3,456,513	3,305,615
Current liabilities		(2,214,747)	(2,214,747)	(1,639,114)
Non-current liabilities		(1,081,027)	(1,081,027)	(1,661,532)
Net assets		1,963,867	1,963,867	1,406,544
Equity attributable to owners		1,942,894	1,942,894	1,385,372
Non-controlling interests		20,973	20,973	21,172
Total revenue			3,645,925	958,087
Profit (loss) attributable to owners			28,439	11,480
Profit (loss) attributable to the non-controlling interests			3,252	628
Profit (loss) for the year			31,691	12,108
Other comprehensive income (loss) for the period			47,529	(19,986)
Total comprehensive income (loss) for the period			79,220	(7,878)
Total comprehensive loss attributable to owners			76,299	(8,496)
Total comprehensive loss attributable to the non-controlling interests			2,921	$ 618
Dividends received from the associate during the period			$ 761
Proportion of ownership interest and voting power (as a percent)			14.30%	14.30%
Value of ownership interest in associate		277,446	$ 277,446	$ 197,832
Valuation premium		338,967	338,967	340,561
Carrying amount of the Group's interest in associate		$ 616,413	$ 616,413	538,393
Price per share | (per share)		$ 8.24	$ 1.20
Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Disclosure of associates [line items]
Current assets		$ 2,423,414	$ 2,423,414	1,038,538	702,570
Non-current assets		4,056,971	4,056,971	3,464,412	1,859,267
Current liabilities		(1,441,959)	(1,441,959)	(523,228)	(117,287)
Non-current liabilities		(3,241,264)	(3,241,264)	(2,509,732)	(1,653,206)
Net assets		1,797,162	1,797,162	1,469,990	791,344
Equity attributable to owners		1,682,794	1,682,794	1,366,367	776,959
Non-controlling interests		114,368	114,368	103,623	14,385
Total revenue			214,515	215,538	36,085
Profit (loss) attributable to owners			48,505	39,003	12,938
Profit (loss) attributable to the non-controlling interests			1,610	460	48
Profit (loss) for the year			50,115	39,463	12,986
Other comprehensive income (loss) for the period			16,253	(10,206)	3,594
Total comprehensive income (loss) for the period			66,368	29,257	16,580
Total comprehensive loss attributable to owners			64,758	28,797	16,532
Total comprehensive loss attributable to the non-controlling interests			$ 1,610	460	$ 48
Dividends received from the associate during the period				$ 255
Proportion of ownership interest and voting power (as a percent)	7.44%		7.40%	8.10%	11.40%
Value of ownership interest in associate		125,156	$ 125,156	$ 110,162	$ 88,651
Dividend received in advance			(316)
Less: unrealized profit from NSI			(580)
Carrying amount of the Group's interest in associate		124,260	124,260	110,162	$ 88,651
NSI
Disclosure of associates [line items]
Current assets		137,120	137,120
Non-current assets		146,664	146,664
Current liabilities		(18,291)	(18,291)
Net assets		265,493	$ 265,493
Total revenue				4,186
Profit (loss) for the year				3,131
Total comprehensive income (loss) for the period				$ 3,131
Proportion of ownership interest and voting power (as a percent)			38.60%
Value of ownership interest in associate		102,405	$ 102,405
Valuation premium		1,509	1,509
Less: unrealized profit from NSI			(816)
Carrying amount of the Group's interest in associate		$ 103,098	$ 103,098

Investments in joint ventures_2

Investments in joint ventures (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shanghai Xinxin Investment Centre (Limited Partnership) ("Shanghai Xinxin")
Disclosure of joint operations [line items]
Proportion of ownership interest and voting power (as a percent)	49.00%	49.00%	49.00%
Shanghai Chengxin Investment Center (Limited Partnership) ("Shanghai Chengxin")
Disclosure of joint operations [line items]
Proportion of ownership interest and voting power (as a percent)	31.50%	31.50%	42.00%

Investments in joint ventures -

Investments in joint ventures - Summary financial information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of joint operations [line items]
Current assets	$ 6,149,591	$ 4,168,984	$ 3,683,753
Non-current assets	8,274,729	7,749,467	6,431,525
Current liabilities	(2,859,228)	(1,906,779)	(1,980,900)
Total revenue	3,359,984	3,101,175	2,914,180
Profit (loss) for the year	77,211	126,423	316,434
Other comprehensive income (loss) for the period	141	73,054	(51,330)
Total comprehensive income (loss) for the period	77,352	199,477	265,104
Shanghai Xinxin Investment Centre (Limited Partnership) ("Shanghai Xinxin")
Disclosure of joint operations [line items]
Current assets	3,956	1,453	10,679
Non-current assets	16,462	53,782	13,283
Current liabilities	(268)	(6)	(7)
Net assets	20,150	55,229	23,955
Profit (loss) for the year	4,827	(390)	4,540
Other comprehensive income (loss) for the period		30,441
Total comprehensive income (loss) for the period	4,827	$ 30,051	4,540
Dividends received from the joint venture during the year	$ 13,324		$ 2,027
Proportion of ownership interest and voting power (as a percent)	49.00%	49.00%	49.00%
Value of ownership interest in associate	$ 9,874	$ 27,062	$ 11,740
Distribution to general partner	3,179
Carrying amount of the Group's interest in joint venture	$ 13,053	$ 27,062	$ 11,740

Other financial assets (Details

Other financial assets (Details) $ in Thousands, ¥ in Millions	Dec. 31, 2018USD ($)	Aug. 10, 2018CNY (¥)	Aug. 10, 2018USD ($)	Jul. 06, 2018CNY (¥)	Jul. 06, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Non-current
Financial assets at fair value through profit or loss	$ 55,472
Derivative financial instruments	5,266						$ 32,894
Other financial assets						$ 17,598
Other assets	11,176					42,810	42,870
Current
Financial assets at fair value through profit or loss	41,685
Derivative financial instruments	2,583
Other financial assets						683,812	31,543
Total financial assets	2,939,642					1,342,562	732,225
Listed equity securities
Non-current
Financial assets at fair value through profit or loss	1,508
Unlisted equity securities
Non-current
Financial assets at fair value through profit or loss	53,964
Cross currency swap contracts
Current
Derivative financial instruments	1,158
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges
Non-current
Derivative financial instruments	5,266
Other financial assets						17,598
Current
Derivative financial instruments	1,425
Other financial assets						4,739
Available-for-sale financial assets
Non-current
Other assets						24,844	21,966
Other derivative financial instruments
Non-current
Derivative financial instruments							32,894
Foreign currency forward contracts
Current
Other financial assets						2,111
Financial products sold by banks
Current
Financial assets at fair value through profit or loss	41,685
Other financial assets						117,928	24,931
Financial assets at amortized cost | Oriented Debt Financing Instrument [Member] | Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Current
Principal amount | ¥				¥ 500
Bank deposits will mature over 3 months
Non-current
Financial assets at fair value through profit or loss	1,952,106
Current
Financial assets at fair value through profit or loss	44,702
Other financial assets						559,034	6,612
Trade and other current receivables
Current
Financial assets at fair value through profit or loss	$ 837,828					$ 616,308	$ 645,822
Semiconductor Manufacturing International (Beijing) Corporation ("SMIB" or "SMIC Beijing")
Current
Amount of debt subscribed		¥ 100	$ 14,600	¥ 200	$ 30,200

Other financial assets - Financ

Other financial assets - Financial Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Non-current
Borrowings	$ 1,760,763	$ 1,743,939	$ 1,233,594
Convertible bonds	418,592	403,329	395,210
Bonds payable		496,689	494,909
Medium-term notes		228,483	214,502
Derivative financial instruments	15,540
Other financial liabilities	11,948	1,919	74,170
Other liabilities	39,128	99,817	37,497
Current
Trade and other payables	964,860	1,007,424	897,606
Borrowings	530,005	440,608	209,174
Convertible bonds			391,401
Bonds payable	498,551
Medium-term notes	218,247
Short-term notes			86,493
Derivative financial instruments	15,806
Other financial liabilities		744	6,348
Other liabilities	32,263	40,627
Total financial liabilities	4,505,703	4,433,904	4,003,407
Liabilities at amortized cost
Non-current
Borrowings	1,760,763	1,743,939	1,233,594
Convertible bonds	418,592	403,329	395,210
Bonds payable		496,689	494,909
Medium-term notes		228,483	214,502
Current
Trade and other payables	964,860	1,007,424	897,606
Borrowings	530,005	440,608	209,174
Convertible bonds			391,401
Bonds payable	498,551
Medium-term notes	218,247
Short-term notes			86,493
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges
Non-current
Derivative financial instruments	15,540
Other financial liabilities		1,919	74,170
Current
Derivative financial instruments	15,806
Other financial liabilities		742	$ 6,348
Contingent consideration
Non-current
Other financial liabilities	11,948
Other liabilities		12,549
Foreign currency forward contracts
Current
Other financial liabilities		2
Long term payable
Non-current
Other liabilities	39,128	57,593
Current
Other liabilities	$ 32,263	$ 40,627

Other financial assets - Fair V

Other financial assets - Fair Value Hierarchy Transfers (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other financial assets
Assets, transfers out of Level 1 into Level 2	$ 0	$ 0	$ 0
Assets, transfers out of Level 2 into Level 1	0	0	0
Assets, transfers into Level 3	0	0	0
Assets, transfers out of Level 3	0	0	0
Liabilities, transfers out of Level 2 into Level 1	0	0	0
Liabilities, transfers out of Level 1 into Level 2	0	0	0
Liabilities, transfers into Level 3	0	0	0
Liabilities, transfers out of Level 3	$ 0	$ 0	$ 0

Other financial assets - Fair_2

Other financial assets - Fair value measurements - Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of fair value measurement of assets [line items]
Assets	$ 14,424,320	$ 11,918,451	$ 10,115,278
Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	105,006	165,041	78,605
Financial assets at fair value through profit or loss | Level 1 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	1,508	2,531	4,713
Financial assets at fair value through profit or loss | Level 2 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	47,189	24,448
Financial assets at fair value through profit or loss | Level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	56,309	138,062	73,892
Listed equity securities | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	1,508
Listed equity securities | Financial assets at fair value through profit or loss | Level 1 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	1,508
Unlisted equity securities | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	53,964
Unlisted equity securities | Financial assets at fair value through profit or loss | Level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	53,964
Short term investment | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		117,928	24,931
Short term investment | Financial assets at fair value through profit or loss | Level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		117,928	24,931
Financial products sold by banks | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	2,345
Financial products sold by banks | Financial assets at fair value through profit or loss | Level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	2,345
Monetary funds | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	39,340
Monetary funds | Financial assets at fair value through profit or loss | Level 2 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	39,340
Cross currency swap contracts | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	1,158	22,337
Cross currency swap contracts | Financial assets at fair value through profit or loss | Level 2 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	1,158	22,337
Cross currency swap contracts | Financial assets at fair value through profit or loss | Cross currency swap contracts - cash flow hedges | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	6,691
Cross currency swap contracts | Financial assets at fair value through profit or loss | Cross currency swap contracts - cash flow hedges | Level 2 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets	$ 6,691
Available-for-sale investment, level 1 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets			4,713
Available-for-sale investment, level 1 | Level 1 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets			4,713
Available-for-sale investment, level 1 | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		2,531
Available-for-sale investment, level 1 | Financial assets at fair value through profit or loss | Level 1 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		2,531
Available-for-sale investment, level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets			16,067
Available-for-sale investment, level 3 | Level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets			16,067
Available-for-sale investment, level 3 | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		20,134
Available-for-sale investment, level 3 | Financial assets at fair value through profit or loss | Level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		20,134
Foreign currency forward contracts | Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		2,111
Foreign currency forward contracts | Financial assets at fair value through profit or loss | Level 2 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets		$ 2,111
Derivative financial instruments | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets			32,894
Derivative financial instruments | Level 3 | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Assets			$ 32,894

Other financial assets - Fair_3

Other financial assets - Fair value measurements - Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of financial liabilities [line items]
Liabilities	$ 5,500,740	$ 5,197,116	$ 4,712,051
Cross currency swap contracts | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities			80,518
Cross currency swap contracts | Level 2 | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities			$ 80,518
Financial liabilities at FVTPL | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities	43,294	15,212
Financial liabilities at FVTPL | Level 2 | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities	31,346	2,663
Financial liabilities at FVTPL | Level 3 | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities	11,948	12,549
Financial liabilities at FVTPL | Cross currency swap contracts | Recurring fair value measurement | Cross currency swap contracts - cash flow hedges
Disclosure of financial liabilities [line items]
Liabilities	31,346	2,661
Financial liabilities at FVTPL | Cross currency swap contracts | Level 2 | Recurring fair value measurement | Cross currency swap contracts - cash flow hedges
Disclosure of financial liabilities [line items]
Liabilities	31,346	2,661
Financial liabilities at FVTPL | Contingent consideration | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities	11,948	12,549
Financial liabilities at FVTPL | Contingent consideration | Level 3 | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities	$ 11,948	12,549
Financial liabilities at FVTPL | Foreign currency forward contracts | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities		2
Financial liabilities at FVTPL | Foreign currency forward contracts | Level 2 | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities		$ 2

Other financial assets - Fair_4

Other financial assets - Fair value measurements - key Input (Details) - Derivative financial instruments - Level 3 - Recurring fair value measurement	12 Months Ended
	Dec. 31, 2016
Disclosure of fair value measurement of assets [line items]
Exercise multiple	75
Risk free rate of interest (as a percent)	0.51%
Expected volatility (as a percent)	24.50%
Rate of return (as a percent)	10.00%

Restricted cash (Details)

Restricted cash (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of detailed information about restricted cash [Line Items]
Non-current		$ 13,438	$ 20,080
Current	$ 592,290	336,043	337,699
Restricted cash	592,290	349,481	357,779
Government funds received, included in current restricted	406,500	235,300	191,900
Government funding received mainly for the reimbursement of research and development expenses	404,200
Short-term commercial bank loans
Disclosure of detailed information about restricted cash [Line Items]
Bank time deposits pledged, restricted cash - current	$ 185,800	$ 14,900	$ 2,900

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Inventories
Raw materials	$ 143,990	$ 149,574	$ 126,526
Work in process	331,782	321,695	280,216
Finished goods	117,237	151,410	57,474
Inventories	593,009	622,679	464,216
Cost of inventories recognised as an expense	$ 6,400	$ 46,900	$ 3,700

Trade and other receivables (De

Trade and other receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Trade and other receivables
Trade receivables	$ 409,898	$ 406,640	$ 489,527
Other receivables	364,143	203,410	146,583
Refundable deposits	63,787	6,258	9,712
Total trade and other current receivables	837,828	616,308	645,822
SMEC
Trade and other receivables
Receivables due from associates	68,900
Purchase machinery and equipment	35,600
Right-of-use assets
Trade and other receivables
Refundable deposits	45,500
Cost
Trade and other receivables
Trade receivables	412,053	407,975	491,018
Allowance
Trade and other receivables
Trade receivables	$ (2,155)	$ (1,335)	$ (1,491)

Trade and other receivables - A

Trade and other receivables - Age of receivables, impaired and not impaired (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Trade and other receivables
Trade receivables	$ 409,898	$ 406,640	$ 489,527
Cost
Trade and other receivables
Trade receivables	412,053	407,975	491,018
Cost | Within 30 days
Trade and other receivables
Trade receivables	219,813	148,131	274,087
Cost | 31-60 days
Trade and other receivables
Trade receivables	141,852	187,623	179,453
Cost | Over 60 days
Trade and other receivables
Trade receivables	$ 50,388	$ 72,221	$ 37,478

Assets and liabilities classi_3

Assets and liabilities classified as held-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Noncurrent Assets or Disposal Groups Classified as Held for Sale [Line Items]
Assets	$ 14,424,320	$ 11,918,451	$ 10,115,278
Assets related to employee's living quarters	270,807	37,471	50,813
Liabilities	5,500,740	5,197,116	4,712,051
Assets and liabilities of disposal group as held-for-sale
Noncurrent Assets or Disposal Groups Classified as Held for Sale [Line Items]
Assets	270,807	37,471	50,813
Machinery and equipment	5,846
Assets related to employee's living quarters	9,631	$ 37,471	$ 50,813
Disposal group classified as held for sale | Assets and liabilities of disposal group as held-for-sale
Noncurrent Assets or Disposal Groups Classified as Held for Sale [Line Items]
Assets	255,330
Liabilities	$ 143,447

Assets and liabilities classi_4

Assets and liabilities classified as held-for-sale - Assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Assets of disposal group as held-for-sale
Property, plant and equipment	$ 6,777,970	$ 6,523,403	$ 5,687,357
Restricted cash	592,290	349,481	357,779
Cash and cash equivalent	1,786,420	1,838,300	2,126,011	$ 1,005,201
Assets	14,424,320	11,918,451	10,115,278
Liabilities of disposal group as held-for-sale
Borrowings	2,290,768	2,184,547	1,442,768
Deferred tax liabilities	1,639	16,412	15,382
Other liabilities	76,060	85,123
Liabilities	5,500,740	5,197,116	4,712,051
Assets and liabilities of disposal group as held-for-sale
Assets of disposal group as held-for-sale
Assets	270,807	$ 37,471	$ 50,813
Disposal group classified as held for sale | Assets and liabilities of disposal group as held-for-sale
Assets of disposal group as held-for-sale
Assets	255,330
Liabilities of disposal group as held-for-sale
Liabilities	143,447
LFoundry
Noncurrent Assets or Disposal Groups Classified as Held for Sale [Line Items]
Investments in subsidiaries	111,900
LFoundry | Assets and liabilities of disposal group as held-for-sale
Assets of disposal group as held-for-sale
Property, plant and equipment	123,677
Goodwill	3,933
Inventories	54,451
Restricted cash	12,960
Trade and other receivables	37,796
Cash and cash equivalent	14,554
Other assets	7,959
Assets	255,330
Liabilities of disposal group as held-for-sale
Borrowings	58,467
Trade and other payables	37,296
Deferred tax liabilities	14,437
Defined benefited obligation	26,475
Other liabilities	6,772
Liabilities	$ 143,447

Shares and issued capital - Ful

Shares and issued capital - Fully Paid Ordinary Shares - Number of Shares (Details) $ in Thousands, $ in Millions	Oct. 25, 2018USD ($)shares	Aug. 29, 2018HKD ($)shares	Aug. 29, 2018USD ($)shares	Jun. 29, 2018HKD ($)shares	Jun. 29, 2018USD ($)shares	Dec. 06, 2017USD ($)shares	Jun. 23, 2017USD ($)	Dec. 31, 2016USD ($)shares	Dec. 06, 2016USD ($)shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)shares
Disclosure of classes of share capital [line items]
Balance at the beginning of period (in shares) | shares									42,073,748,961	4,916,106,889	4,252,922,259	42,073,748,961
Balance at beginning of year									$ 4,190,255	$ 6,721,335	$ 5,403,227	$ 4,190,255
Issuance of shares under the Company's employee share option plan (in shares) | shares								2,081,358	329,531,926	24,071,936	32,723,622
Issuance of shares under the Company's employee share option plan										$ 8,076	$ 17,105	$ 17,610
Ordinary shares issued (in shares) | shares						241,418,625
Ordinary shares issued						$ 1,000				$ 160,878	$ 326,140
Shares bought back on-market and cancelled (in shares) | shares										(18,941,000)
Shares bought back on-market and cancelled										$ (20,057)
Conversion of convertible bonds during the year (in shares) | shares											389,042,383	105,128,132
Conversion of convertible bonds during the year											$ 399,099	$ 10,244
Adjustment arising from the Share Consolidation (in shares) | shares												(38,257,568,118)
Share premium reduction							$ (910,800)
Balance at the end of period (in shares) | shares								4,252,922,259		5,039,819,199	4,916,106,889	4,252,922,259
Balance at end of year								$ 5,403,227		$ 8,923,580	$ 6,721,335	$ 5,403,227
China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund")
Disclosure of classes of share capital [line items]
Ordinary shares issued (in shares) | shares		57,054,901	57,054,901
Datang Telecom Technology & Industry Holdings Co., Ltd. ("Datang")
Disclosure of classes of share capital [line items]
Ordinary shares issued (in shares) | shares				61,526,473	61,526,473
Ordinary shares
Disclosure of classes of share capital [line items]
Balance at beginning of year									$ 16,830	19,664	17,012	16,830
Issuance of shares under the Company's employee share option plan								8	132	97	130	140
Ordinary shares issued			$ 228		$ 246	966				474	966
Shares bought back on-market and cancelled (in shares) | shares	18,941,000
Shares bought back on-market and cancelled	$ (20,000)									(76)
Conversion of convertible bonds during the year											1,556	42
Balance at end of year								17,012		20,159	19,664	17,012
Ordinary shares | China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund")
Disclosure of classes of share capital [line items]
Ordinary shares issued		$ 607.6	77,400
Ordinary shares | Datang Telecom Technology & Industry Holdings Co., Ltd. ("Datang")
Disclosure of classes of share capital [line items]
Ordinary shares issued				$ 655.3	83,500
Share premium
Disclosure of classes of share capital [line items]
Balance at beginning of year									4,903,861	4,827,619	4,950,948	4,903,861
Issuance of shares under the Company's employee share option plan								697	$ 35,367	25,121	35,178	36,064
Ordinary shares issued			$ 77,148		$ 83,256	$ 325,174				160,404	325,174
Shares bought back on-market and cancelled										(19,981)
Conversion of convertible bonds during the year											427,168	11,023
Share premium reduction											(910,849)
Balance at end of year								$ 4,950,948		$ 4,993,163	$ 4,827,619	$ 4,950,948

Shares and issued capital - Sha

Shares and issued capital - Share Purchase Agreements (Details) $ / shares in Units, $ in Thousands, $ in Millions	Oct. 25, 2018USD ($)shares	Oct. 04, 2018HKD ($)$ / sharesshares	Oct. 04, 2018USD ($)shares	Sep. 27, 2018HKD ($)$ / sharesshares	Sep. 27, 2018USD ($)shares	Aug. 29, 2018HKD ($)shares	Aug. 29, 2018USD ($)shares	Jun. 29, 2018HKD ($)shares	Jun. 29, 2018USD ($)shares	Apr. 23, 2018$ / shares	Dec. 06, 2017$ / shares	Dec. 06, 2017USD ($)shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)
Disclosure of classes of share capital [line items]
Ordinary shares issued (in shares) | shares												241,418,625
Price per placing share | $ / shares											$ 10.65
Ordinary shares issued | $												$ 1,000	$ 160,878	$ 326,140
Cancellation of treasury shares | $													$ 20,057
Shares bought back on-market and cancelled (in shares) | shares													(18,941,000)
Ordinary shares
Disclosure of classes of share capital [line items]
Ordinary shares issued | $							$ 228		$ 246			966	$ 474	966
Ordinary shares repurchased (in shares) | shares		11,650,000	11,650,000	7,291,000	7,291,000
Reduction of issued capital		$ 96.1	$ 12,300	$ 60.8	$ 7,800
Cancellation of treasury shares | $	$ 20,000												76
Shares bought back on-market and cancelled (in shares) | shares	18,941,000
Share premium
Disclosure of classes of share capital [line items]
Ordinary shares issued | $							$ 77,148		$ 83,256			$ 325,174	160,404	$ 325,174
Cancellation of treasury shares | $													$ 19,981
Weighted average | Ordinary shares
Disclosure of classes of share capital [line items]
Repurchase price per share | $ / shares		$ 8.23		$ 8.32
Minimum | Ordinary shares
Disclosure of classes of share capital [line items]
Repurchase price per share | $ / shares		8.11		8.27
Maximum | Ordinary shares
Disclosure of classes of share capital [line items]
Repurchase price per share | $ / shares		$ 8.32		$ 8.36
China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund")
Disclosure of classes of share capital [line items]
Ordinary shares issued (in shares) | shares						57,054,901	57,054,901
China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund") | Ordinary shares
Disclosure of classes of share capital [line items]
Price per placing share | $ / shares										$ 10.65
Ordinary shares issued						$ 607.6	$ 77,400
Datang Telecom Technology & Industry Holdings Co., Ltd. ("Datang")
Disclosure of classes of share capital [line items]
Ordinary shares issued (in shares) | shares								61,526,473	61,526,473
Datang Telecom Technology & Industry Holdings Co., Ltd. ("Datang") | Ordinary shares
Disclosure of classes of share capital [line items]
Price per placing share | $ / shares										$ 10.65
Ordinary shares issued								$ 655.3	$ 83,500

Shares and issued capital - S_2

Shares and issued capital - Share Consolidation (Details)	Dec. 06, 2017USD ($)$ / shares	Dec. 06, 2017USD ($)item	Jun. 23, 2017USD ($)shares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 07, 2016$ / shares	Dec. 06, 2016$ / shares	Dec. 31, 2015shares
Disclosure of classes of share capital [line items]
Percentage of shares on issued share capital		4.92%
Price per placing share | $ / shares	$ 10.65
Issue of equity | $		$ 1,000,000		$ 160,878,000	$ 326,140,000
Share premium | $	$ 325,200,000	325,200,000		$ 4,993,163,000	$ 4,827,619,000	$ 4,950,948,000
Issue expenses | $		$ 2,900,000
Share premium reduction | $			$ 910,800,000
Authorized share capital | $			$ 42,000,000
Number of shares authorised | shares				10,000,000,000	10,000,000,000	10,000,000,000
Creation of an additional shares | shares				5,039,819,199	4,916,106,889	4,252,922,259			42,073,748,961
Share Consolidation ratio							10
Par value per share | $ / shares				$ 0.004	$ 0.004	$ 0.004	$ 0.004	$ 0.0004
Minimum
Disclosure of classes of share capital [line items]
Number of independent places | item		6
Ordinary shares
Disclosure of classes of share capital [line items]
Number of shares authorised | shares			10,000,000,000
Creation of an additional shares | shares			5,000,000,000
Preferred shares
Disclosure of classes of share capital [line items]
Number of shares authorised | shares			500,000,000

Reserves (Details)

Reserves (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Dec. 31, 2017
Change in value of available-for-sale financial assets
Adoption on IFRS 9	$ 1,100	$ 1,111

Reserves - Movements in the net

Reserves - Movements in the net defined benefit obligation (Details) - Defined benefit obligation $ in Thousands	5 Months Ended	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2018USD ($)employee	Dec. 31, 2017USD ($)
Disclosure of net defined benefit liability (asset) [line items]
Threshold of employees for which funds were obligated to be transferred under amendments of Italian legislation | employee		50
Balance at beginning of period	$ 27,569	$ 28,162	$ 24,213
Interest expense recognized in profit or loss	87	314	376
Actuarial losses (gains) arising from changes in financial assumptions, net defined benefit liability (asset)	(1,520)	(129)	436
Exchange differences	(1,875)	(1,223)	3,455
Contribution to employees	(48)	(649)	(318)
Balance at end of period	$ 24,213	$ 26,475	$ 28,162

Reserves - Actuarial assumption

Reserves - Actuarial assumption (Details) - Defined benefit obligation	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of defined benefit plans [line items]
Discount rate (as a percent)	1.38%	1.18%	1.37%
Inflation rate (as a percent)	1.50%	1.50%	1.50%
Salary growth rate (as a percent)	1.50%	1.50%	1.50%
Labor turnover rate (as a percent)	2.65%	2.65%	2.65%
Probability of request of advances of TFR (as a percent)	1.50%	1.50%	1.50%
Percentage required in case of advance (as a percent)	70.00%	70.00%	70.00%

Reserves - TFR (Details)

Reserves - TFR (Details) - Defined benefit obligation - employee	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of defined benefit plans [line items]
Number of employees with TFR	1,390	1,485	1,421
Average age (in years)	48 years	47 years	46 years
Average seniority (in years)	22 years	20 years	20 years

Reserves - Sensitivity Analysis

Reserves - Sensitivity Analysis (Details)	12 Months Ended			36 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2018
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Decrease (in years)	1 year	1 year	1 year
Discount rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Rate increase (as a percent)	0.50%	0.50%	0.50%	0.50%
Rate decrease (as a percent)	0.50%	0.50%	0.50%	0.50%
Increase (decrease) in defined benefit obligation, assuming increase in actuarial assumption (as a percentage)	(5.59%)	(5.85%)	(6.05%)
Increase (decrease) in defined benefit obligation, assuming decrease in actuarial assumption (as a percent)	6.07%	6.38%	6.61%
Payments rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Rate increase (as a percent)	20.00%	20.00%	20.00%	20.00%
Rate decrease (as a percent)	20.00%	20.00%	20.00%	20.00%
Increase (decrease) in defined benefit obligation, assuming increase in actuarial assumption (as a percentage)	(0.33%)	(0.65%)	(0.57%)
Increase (decrease) in defined benefit obligation, assuming decrease in actuarial assumption (as a percent)	0.35%	0.71%	0.63%
Inflation rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Rate increase (as a percent)	0.50%	0.50%	0.50%	0.50%
Rate decrease (as a percent)	0.50%	0.50%	0.50%	0.50%
Increase (decrease) in defined benefit obligation, assuming increase in actuarial assumption (as a percentage)	3.62%	3.80%	3.94%
Increase (decrease) in defined benefit obligation, assuming decrease in actuarial assumption (as a percent)	(3.56%)	(3.72%)	(3.86%)
Salary growth rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Rate increase (as a percent)	0.50%	0.50%	0.50%	0.50%
Rate decrease (as a percent)	0.50%	0.50%	0.50%	0.50%
Retirement age rate
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Increase (decrease) in defined benefit obligation, assuming increase in actuarial assumption (as a percentage)	0.40%	0.49%	0.38%
Increase (decrease) in defined benefit obligation, assuming decrease in actuarial assumption (as a percent)	(0.43%)	(0.52%)	(0.40%)
Increase (in years)	1 year	1 year	1 year
Decrease (in years)				1 year
Longevity
Disclosure of sensitivity analysis for actuarial assumptions [line items]
Increase (in years)	1 year	1 year	1 year

Reserves - Share of other compr

Reserves - Share of other comprehensive income of joint ventures accounted for using the equity method (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Share of other comprehensive income of joint ventures accounted for using equity method
Adoption on IFRS 9	$ 17,646

Retained earnings (accumulate_2

Retained earnings (accumulated deficit) (Details) - USD ($)	Dec. 29, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Retained Earnings [Abstract]
Annual appropriation (as a percent)		10.00%
General reserve fund threshold (as a percent)		50.00%
Accumulated non-distributable reserve		$ 145,500,000	$ 90,600,000	$ 34,300,000
Dividend declared		0	0	0
Dividends paid		0	$ 0	$ 0
Distribution paid to perpetual subordinated convertible securities holders		$ 6,300,000
Gain on transfer of business operation	$ 7,300,000

Perpetual subordinated conver_2

Perpetual subordinated convertible securities (Details)	Dec. 31, 2018USD ($)shares	Aug. 29, 2018USD ($)	Jun. 29, 2018USD ($)	Jun. 14, 2018	Dec. 14, 2017USD ($)$ / $$ / shares$ / shares	Dec. 14, 2017USD ($)$ / $$ / shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)	Apr. 23, 2018USD ($)	Aug. 17, 2016$ / $
Disclosure of detailed information about borrowings [line items]
Proceeds from issuance of perpetual subordinated convertible securities							$ 499,775,000	$ 64,350,000
Distribution paid to perpetual subordinated convertible securities holders							6,300,000
Fixed exchange rate | $ / $										7.7677
Perpetual subordinated convertible securities
Disclosure of detailed information about borrowings [line items]
Principal amount					$ 65,000,000	$ 65,000,000
Par value of subordinate debt | $ / shares					$ 250,000	$ 250,000
Net book value of PSCS	$ 563,800,000						563,800,000
Issue expenses on PSCS	$ 1,200,000						$ 1,200,000
Number of shares issued up on conversion of PSCS | shares	344,985,992						0
Distribution paid to perpetual subordinated convertible securities holders						$ 0	$ 6,300,000
Distribution Rate (as a percent)				2.00%
Initial conversion ratio						152,648.6697
Initial conversion price | $ / shares					$ 12.78
Fixed exchange rate | $ / $					7.8034	7.8034
Perpetual subordinated convertible securities | Minimum
Disclosure of detailed information about borrowings [line items]
Conversion period						40 days
Perpetual subordinated convertible securities | China Integrated Circuit Industry Investment Fund Co., Ltd., (the "China IC Fund")
Disclosure of detailed information about borrowings [line items]
Principal amount									$ 300,000,000
Proceeds from issuance of perpetual subordinated convertible securities		$ 300,000,000
Perpetual subordinated convertible securities | Datang
Disclosure of detailed information about borrowings [line items]
Principal amount									$ 200,000,000
Proceeds from issuance of perpetual subordinated convertible securities			$ 200,000,000

Borrowings - Summary (Details)

Borrowings - Summary (Details) $ in Thousands, ¥ in Millions	Dec. 31, 2018CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015CNY (¥)
Disclosure of detailed information about borrowings [line items]
Short-term borrowings		$ 192,198	$ 308,311	$ 176,957
Long-term borrowings		2,098,570	1,876,236	1,265,811
Total borrowings		2,290,768	2,184,547	1,442,768
Current maturities of long-term borrowings		337,807	132,297	32,217
Total current borrowings and current portion of non-current borrowings		530,005	440,608	209,174
Non-current maturities of long-term borrowings		1,760,763	1,743,939	1,233,594
Short-term commercial bank loans
Disclosure of detailed information about borrowings [line items]
Short-term borrowings		192,198	308,311	176,957
2013 USD Loan (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings			10,760	10,760
2015 USD Loan (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings				39,641
2015 CDB USD Loan (SJ Jiangyin)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings				2,000
2015 CDB RMB loan I (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		145,705	153,041	144,155
2015 CDB RMB loan II (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		64,839	72,694	68,473	¥ 445
2015 CDB RMB Loan (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings	¥ 180	26,227	29,231	28,110
2016 CDB RMB Loan (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings	1,390	202,500	223,440	210,466
2017 CDB RMB loan (SMIC Shenzhen)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		322,153	185,792
2015 EXIM RMB Loan (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		72,852	76,520	72,077
2017 EXIM RMB loan (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		145,705	153,041
2018 EXIM RMB loan I (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		138,419
2016 EXIM RMB Loan I (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings			36,730	34,597
2016 EXIM RMB Loan II (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		58,282	61,216	57,662
2017 EXIM RMB loan (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings	480	69,900	76,520
2018 EXIM RMB Loan I (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		29,141
2018 EXIM RMB Loan II (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		34,969
2016 EXIM RMB Loan (SMIC)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		72,852	76,520	72,077
2017 EXIM RMB loan (SMIC Tianjin)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		72,852	76,520
2017 EXIM USD loan (SMIC Tianjin)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings			25,000
2018 EXIM RMB loan (SMIC Tianjin)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings	540	78,680
2017 EXIM RMB loan (SMIC Shenzhen)
Disclosure of detailed information about borrowings [line items]
Long-term borrowings	¥ 470	68,500	76,520
Loan to LFoundry
Disclosure of detailed information about borrowings [line items]
Long-term borrowings			55,036	43,214
Others
Disclosure of detailed information about borrowings [line items]
Long-term borrowings		$ 494,946	$ 487,655	$ 482,579

Borrowings - Repayment schedule

Borrowings - Repayment schedule (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of detailed information about borrowings [line items]
Borrowing by repayment	$ 2,290,768	$ 2,184,547	$ 1,442,768
Within 1 year
Disclosure of detailed information about borrowings [line items]
Borrowing by repayment	530,005	440,608	209,174
Within 1-2 years
Disclosure of detailed information about borrowings [line items]
Borrowing by repayment	434,998	399,301	171,900
Within 2-5 years
Disclosure of detailed information about borrowings [line items]
Borrowing by repayment	895,135	877,315	698,070
Over 5 years
Disclosure of detailed information about borrowings [line items]
Borrowing by repayment	$ 430,630	$ 467,323	$ 363,624

Borrowings - Arrangements of sh

Borrowings - Arrangements of short term debt (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)item	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Disclosure of detailed information about borrowings [line items]
Short-term borrowings	$ 192,198	$ 308,311	$ 176,957
Short-term commercial bank loans
Disclosure of detailed information about borrowings [line items]
Number of short-term credit agreements | item	33
Maximum credit facility	$ 2,710,700
Short-term borrowings	$ 192,198	$ 308,311	$ 176,957
Short-term commercial bank loans | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate	1.93%
Short-term commercial bank loans | Maximum
Disclosure of detailed information about borrowings [line items]
Interest rate	4.35%

Borrowings - Arrangements of lo

Borrowings - Arrangements of long term debt (Details) $ / shares in Units, $ in Thousands, ¥ in Millions	1 Months Ended
	Dec. 31, 2018CNY (¥)agreement	Oct. 31, 2018CNY (¥)	Jun. 30, 2018CNY (¥)	Dec. 31, 2017CNY (¥)	Sep. 30, 2017CNY (¥)	Mar. 31, 2017CNY (¥)	Feb. 28, 2017CNY (¥)	May 31, 2016CNY (¥)	Jan. 31, 2016CNY (¥)	Dec. 31, 2015CNY (¥)	Dec. 31, 2018USD ($)agreement$ / shares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Disclosure of detailed information about borrowings [line items]
Outstanding balance | $											$ 2,098,570	$ 1,876,236	$ 1,265,811
Property, plant and equipment and land use right pledged as security | $											207,200	362,300	631,400
2013 USD Loan (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Outstanding balance | $												10,760	10,760
2015 CDB RMB loan I (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Principal amount										¥ 1,000
Term of loan										15 years
Drawn down	¥ 1,000										145,700
Outstanding balance | $											$ 145,705	153,041	144,155
Interest rate	1.20%										1.20%
2015 CDB RMB loan II (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Principal amount | $														$ 475,000
Term of loan										10 years
Drawn down	¥ 475										$ 64,800
Repaid										¥ 30
Outstanding balance										445	$ 64,839	72,694	68,473
Interest rate	1.20%										1.20%
2015 CDB RMB Loan (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Principal amount										¥ 195
Term of loan										15 years
Drawn down	¥ 195
Repaid	15
Outstanding balance	¥ 180										$ 26,227	29,231	28,110
Interest rate	1.20%										1.20%
2016 CDB RMB Loan (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Principal amount								¥ 1,460
Term of loan								15 years
Drawn down	¥ 1,460
Repaid	70
Outstanding balance	¥ 1,390										$ 202,500	223,440	210,466
Interest rate	1.20%										1.20%
2017 CDB RMB loan (SMIC Shenzhen)
Disclosure of detailed information about borrowings [line items]
Principal amount				¥ 5,400
Term of loan				7 years
Drawn down	¥ 2,211										$ 322,200
Outstanding balance | $											$ 322,153	185,792
Interest rate	4.46%										4.46%
2015 EXIM RMB Loan (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Principal amount										¥ 500
Term of loan	1 year 6 months									3 years
Drawn down	¥ 500										$ 72,900
Outstanding balance | $											$ 72,852	76,520	72,077
Interest rate	2.65%										2.65%
2017 EXIM RMB loan (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Principal amount						¥ 1,000
Term of loan						2 years
Drawn down	¥ 1,000										$ 145,700
Outstanding balance | $											$ 145,705	153,041
Interest rate	2.65%										2.65%
2018 EXIM RMB loan I (SMIC Shanghai)
Disclosure of detailed information about borrowings [line items]
Principal amount		¥ 950
Term of loan		2 years
Drawn down	¥ 950										$ 138,400
Outstanding balance | $											$ 138,419
Interest rate	2.92%										2.92%
2016 EXIM RMB Loan I (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Outstanding balance | $												36,730	34,597
2016 EXIM RMB Loan II (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Principal amount									¥ 400
Term of loan									3 years
Drawn down	¥ 400										$ 58,300
Outstanding balance | $											$ 58,282	61,216	57,662
Interest rate	2.65%										2.65%
2017 EXIM RMB loan (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Principal amount					¥ 500
Term of loan					5 years
Drawn down	¥ 500
Repaid	20
Outstanding balance	¥ 480										$ 69,900	76,520
Interest rate	2.92%										2.92%
2018 EXIM RMB Loan I (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Principal amount			¥ 200
Term of loan			2 years
Drawn down			¥ 200								$ 29,100
Outstanding balance | $											$ 29,141
Interest rate	2.92%										2.92%
2018 EXIM RMB Loan II (SMIC Beijing)
Disclosure of detailed information about borrowings [line items]
Principal amount	¥ 240
Term of loan	2 years
Drawn down	¥ 240										$ 35,000
Outstanding balance | $											$ 34,969
Interest rate	2.92%										2.92%
2016 EXIM RMB Loan (SMIC)
Disclosure of detailed information about borrowings [line items]
Principal amount								¥ 500
Term of loan								3 years
Drawn down	¥ 500										$ 72,900
Outstanding balance | $											$ 72,852	76,520	72,077
Interest rate	4.04%										4.04%
2017 EXIM RMB loan (SMIC Tianjin)
Disclosure of detailed information about borrowings [line items]
Principal amount							¥ 500
Term of loan							3 years
Drawn down	¥ 500										$ 72,900
Outstanding balance | $											$ 72,852	76,520
Interest rate	4.04%										4.04%
2017 EXIM USD loan (SMIC Tianjin)
Disclosure of detailed information about borrowings [line items]
Outstanding balance | $												25,000
2018 EXIM RMB loan (SMIC Tianjin)
Disclosure of detailed information about borrowings [line items]
Principal amount	¥ 540
Term of loan	5 years
Drawn down	¥ 540										$ 78,700
Outstanding balance	¥ 540										$ 78,680
Interest rate	2.92%										2.92%
2017 EXIM RMB loan (SMIC Shenzhen)
Disclosure of detailed information about borrowings [line items]
Principal amount | $												500,000
Term of loan				5 years
Drawn down	¥ 500
Repaid	30
Outstanding balance	¥ 470										$ 68,500	$ 76,520
2017 EXIM RMB loan (SMIC Shenzhen) | Minimum
Disclosure of detailed information about borrowings [line items]
Interest rate				3.40%								3.40%
Loan to LFoundry
Disclosure of detailed information about borrowings [line items]
Outstanding balance | $												$ 55,036	43,214
Others
Disclosure of detailed information about borrowings [line items]
Principal amount | $												487,700	482,600
Outstanding balance | $											$ 494,946	$ 487,655	$ 482,579
Maximum repurchase price (in dollars per share) | $ / shares											$ 1
Other new arrangements
Disclosure of detailed information about borrowings [line items]
Principal amount | $											$ 35,200
Number of financing arrangements | agreement	2										2
Other long term debt
Disclosure of detailed information about borrowings [line items]
Principal amount | $											$ 459,700
Number of financing arrangements | agreement	3										3

Convertible bonds (Details)

Convertible bonds (Details)	Dec. 31, 2018USD ($)shares	Jul. 07, 2016USD ($)$ / sharesshares	Dec. 31, 2016USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Mar. 10, 2017$ / shares	Mar. 10, 2017USD ($)$ / shares	Mar. 03, 2017USD ($)	Aug. 17, 2016$ / $$ / shares
Convertible bonds
Convertible bonds outstanding			$ 391,401,000			$ 391,401,000
Fixed exchange rate | $ / $										7.7677
Total interest charged				$ 44,668,000	$ 25,543,000	17,793,000
Conversion options exercised - Equity component					399,099,000	10,244,000
Zero coupon convertible bonds due 2018
Convertible bonds
Coupon interest rate	0.00%			0.00%
Convertible bonds outstanding									$ 0
Issue price (as a percentage as a percentage of the aggregate principal amount)								100.00%
Conversion price | (per share)							$ 7.965	$ 1.027
US$200 million zero coupon convertible bonds due 2018
Convertible bonds
Principal amount								$ 200,000,000
US$86.8 million zero coupon convertible bonds due 2018
Convertible bonds
Principal amount								86,800,000
US$95 million zero coupon convertible bonds due 2018
Convertible bonds
Principal amount								95,000,000
US$22.2 million zero coupon convertible bonds due 2018
Convertible bonds
Principal amount								$ 22,200,000
US$450 million zero coupon convertible bonds due 2022
Convertible bonds
Coupon interest rate		0.00%
Par value of convertible bonds | $ / shares		$ 250,000
Principal amount		$ 450,000,000
Interest rate on payment improperly withheld or refused				2.00%
Conversion price | $ / shares										$ 9.25
Number of conversion shares issuable | shares		3,778,881,081
Transaction cost		$ (9,194,000)
Liability Component	$ 418,592,000	387,871,000	395,210,000	$ 418,592,000	403,329,000	395,210,000
Equity Component	52,053,000	52,935,000	52,935,000	52,053,000	52,053,000	52,935,000
Total	$ 470,645,000	$ 440,806,000	448,145,000	470,645,000	455,382,000	$ 448,145,000
Interest charged - Liability Component			7,339,000	15,263,000	14,913,000
Total interest charged			$ 7,339,000	$ 15,263,000	14,913,000
Effective interest rate	3.78%			3.78%
Conversion options exercised - Liability component					(6,794,000)
Conversion options exercised - Equity component					(882,000)
Total conversion option exercised					$ (7,676,000)
Number of shares issued up on conversion | shares	371,589,975

Bonds payable (Details)

Bonds payable (Details) - USD ($) $ in Thousands	Oct. 07, 2014	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Oct. 07, 2014
Bonds payable
Bonds payable as at the date of issue		$ 496,689	$ 494,909	$ 494,909
The movement of the corporate bonds
Beginning balance		496,689	494,909
Interest charged		47,169	31,144	27,992
Ending balance			496,689	494,909
Bonds payable
Bonds payable
Term of loan	5 years
Coupon interest rate					4.125%
Principal amount					$ 500,000
Discount of bonds payable					(5,185)
Transaction cost	$ (3,634)
Bonds payable as at the date of issue	491,181	496,689	494,909	493,207	$ 491,181
The movement of the corporate bonds
Beginning balance		496,689	494,909	493,207
Interest charged		22,487	22,405	22,327
Interest payable recognized		(20,625)	(20,625)	(20,625)
Ending balance	$ 491,181	$ 498,551	$ 496,689	$ 494,909

Medium-term notes (Details)

Medium-term notes (Details) $ in Thousands, ¥ in Millions	Jun. 08, 2016USD ($)	Jun. 08, 2016CNY (¥)	Jun. 08, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 08, 2016CNY (¥)	Jun. 08, 2016USD ($)
Movement of the short-term and medium-term notes
Interest charged during					$ 44,668	$ 25,543	$ 17,793
Foreign exchange (gain) loss					8,499	12,694	1,640
Ifrs Medium Term Notes [Member]
Disclosure of detailed information about borrowings [line items]
Term of notes		3 years	3 years
Principal amount								¥ 1,500	$ 226,162
Coupon interest rate								3.35%	3.35%
Transaction cost	$ (2,226)
Notes payable as at the issue date	223,936	¥ 1,485.2	$ 223,936	$ 223,936	228,483	214,502	214,502	¥ 1,485.2	$ 223,936
Movement of the short-term and medium-term notes
As at the date of issue				223,936	228,483	214,502
Interest charged during				4,625	8,335	8,185
Interest payable recognized				(4,225)	(7,593)	(7,450)
Foreign exchange (gain) loss				(9,834)	(10,978)	13,246
At the year end	$ 223,936	¥ 1,485.2	$ 223,936	$ 214,502	$ 218,247	$ 228,483	$ 214,502

Deferred government funding - G

Deferred government funding - Government funding (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Government funding
Government funding received under specific R and D projects	$ 265,000	$ 178,300	$ 181,100
Government funding recognized as reductions of certain R and D expenses under specific R and D projects	105,258	82,245	52,517
Government funding received for specific intended use		51,700	51,600	$ 21,200
Government funding recognized as reduction of interest expense for specific intended use	19,496	24,182	11,639
Government funding recognized as other operating income for specific intended use	$ 32,198	$ 27,444	$ 9,542

Trade and other payables (Detai

Trade and other payables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ifrs Statement [Line Items]
Trade payables	$ 823,443	$ 837,843	$ 781,161
Deposit received	38,713	54,895	41,324
Other payable	102,704	114,686	75,121
Total trade and other payables	964,860	1,007,424	897,606
Payables for property, plant, and equipment	461,600	506,700	483,000
Within 30 days
ifrs Statement [Line Items]
Trade payables	657,172	658,804	630,896
31-60 days
ifrs Statement [Line Items]
Trade payables	50,815	68,358	43,984
Over 60 days
ifrs Statement [Line Items]
Trade payables	$ 115,456	$ 110,681	$ 106,281
Minimum
ifrs Statement [Line Items]
Settlement term on trade payables	30 days
Maximum
ifrs Statement [Line Items]
Settlement term on trade payables	60 days

Accrued liabilities (Details)

Accrued liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accrued liabilities
Accrued liabilities	$ 164,604	$ 180,912	$ 230,450
Accrued payroll expenses	$ 73,700	$ 116,700	$ 163,600

Share-based payments - Stock in

Share-based payments - Stock incentive plans (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)$ / shares	Dec. 31, 2016USD ($)$ / shares	Dec. 07, 2016$ / shares	Dec. 06, 2016$ / shares
Share-based payments
Equity-settled share-based payment | $	$ 11,661	$ 18,214	$ 14,210
Share consolidation ratio				10
Par value per share	$ 0.004	$ 0.004	$ 0.004	$ 0.004	$ 0.0004
Stock Option Plan
Share-based payments
Award term	10 years
Vesting period	4 years
Share consolidation ratio				10
Par value per share				$ 0.004	0.0004
RSUs
Share-based payments
Award term	10 years
Vesting period	4 years
Share consolidation ratio				10
Par value per share				$ 0.004	$ 0.0004
Subsidiary Plan
Share-based payments
Award term	10 years
Vesting period	4 years

Share-based payments - Movement

Share-based payments - Movements during the year - Share options (Details) - Stock Option Plan	11 Months Ended	12 Months Ended
	Dec. 06, 2016USD ($)Options	Dec. 31, 2018USD ($)OptionsY$ / shares	Dec. 31, 2017USD ($)OptionsY$ / shares	Dec. 31, 2016USD ($)OptionsY$ / shares	Dec. 31, 2015USD ($)Options	Nov. 19, 2018USD ($)	Sep. 13, 2018USD ($)	May 23, 2018USD ($)	Sep. 07, 2017USD ($)	May 22, 2017USD ($)	Apr. 05, 2017USD ($)	Nov. 18, 2016USD ($)	Sep. 12, 2016USD ($)	May 25, 2016USD ($)
Share-based payments
Outstanding at beginning of period | Options	100,295,578	52,881,278	72,482,764	100,295,578
Granted during the period | Options		19,344,334	6,071,477	2,076,652
Forfeited and expired during the period | Options		(8,879,102)	(3,842,461)	(6,430,431)
Exercised during the period | Options		(11,738,316)	(21,830,502)	(23,459,035)
Outstanding at end of period | Options		51,608,194	52,881,278	72,482,764	100,295,578
Exercisable at end of period | Options		25,796,944	39,511,002	50,708,535
Outstanding at beginning of period, WAEP	$ 0.82	$ 0.83	$ 0.82	$ 0.82
Granted during the period, WAEP		$ 1.33	$ 1.14	$ 0.92
Forfeited and expired during the period. WAEP | $ / shares		$ 1.13	$ 1.33	$ 1.16
Exercised during the period, WAEP		$ 0.68	$ 0.78	$ 0.75
Outstanding at end of period, WAEP		1	0.83	0.82	$ 0.82
Exercisable at end of period, WAEP		$ 0.79	$ 0.78	$ 0.77
Weighted average remaining contractual life | Y		5.66	5.21	5.29
Weighted average closing price prior to exercise	$ 1.12			$ 1.44	$ 1.24
Fair value at grant date						$ 0.38	$ 0.73	$ 0.50	$ 0.40	$ 0.42	$ 0.56	$ 0.52	$ 0.42	$ 0.36
Dividend yield (%)		0.00%	0.00%	0.00%
Expected volatility		40.16%	42.80%	44.80%
Risk-free interest rate		2.84%	1.84%	1.39%
Expected life of share options | Y		5	6	6
Minimum
Share-based payments
Exercise prices for shares outstanding		$ 0.34	$ 0.23	$ 0.23
Maximum
Share-based payments
Exercise prices for shares outstanding		$ 1.34	$ 1.38	$ 1.48

Share-based payments - Moveme_2

Share-based payments - Movements during the year - RSUs (Details) - RSUs	Nov. 19, 2018USD ($)	Sep. 13, 2018USD ($)	May 23, 2018USD ($)	Dec. 07, 2017USD ($)	Sep. 07, 2017USD ($)	May 22, 2017USD ($)	Apr. 05, 2017USD ($)	Nov. 18, 2016USD ($)	Sep. 12, 2016USD ($)	May 25, 2016USD ($)	Dec. 06, 2016USD ($)EquityInstruments$ / shares	Dec. 31, 2018USD ($)EquityInstrumentsY	Dec. 31, 2017USD ($)EquityInstrumentsY$ / shares	Dec. 31, 2016USD ($)EquityInstrumentsY$ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Outstanding at beginning of period | EquityInstruments											30,451,268	28,701,097	26,489,152	30,451,268
Granted during the period | EquityInstruments												8,068,466	14,055,477	8,738,247
Forfeited during the period | EquityInstruments												(4,582,729)	(950,412)	(1,124,847)
Exercised during the period | EquityInstruments												(12,333,620)	(10,893,120)	(11,575,516)
Outstanding at end of period | EquityInstruments												19,853,214	28,701,097	26,489,152
Outstanding at beginning of period, WAFV | $											$ 0.99	$ 1.05	$ 0.98	$ 0.99
Granted during the period, WAFV | $	$ 0.87	$ 1.09	$ 1.30	$ 1.31	$ 1.01	$ 1.09	$ 1.24	$ 1.39	$ 1.11	$ 0.82		1.27	1.11	0.86
Forfeited during the period, WAFV | $												1.07	1.04	0.98
Exercised during the period, WAFV | $												1.03	0.97	0.91
Outstanding at end of period, WAFV | $												$ 1.12	$ 1.05	$ 0.98
Weighted average remaining contractual life												8 years 3 months 15 days	8 years 6 months 4 days	8 years 4 months 13 days
Weighted average closing price prior to exercise | $ / shares											$ 1.33		$ 1.29	$ 0.83
Dividend yield (%)												0.00%	0.00%	0.00%
Expected volatility												39.77%	39.45%	39.66%
Risk-free interest rate												2.54%	1.24%	0.90%
Expected life of share options | Y												2	2	2

Share-based payments - Moveme_3

Share-based payments - Movements during the year - Share options of the Subsidiary Plan (Details) - Subsidiary Plan	12 Months Ended
	Dec. 31, 2018USD ($)OptionsY$ / shares	Dec. 31, 2017USD ($)OptionsY$ / shares	Dec. 31, 2016USD ($)OptionsY$ / shares	May 13, 2018USD ($)	Aug. 09, 2017USD ($)	Dec. 27, 2016USD ($)
Share-based payments
Outstanding at beginning of period | Options	14,918,802	14,598,750	7,000,000
Granted during the period | Options	7,349,500	1,598,750	7,698,750
Forfeited and expired during the period | Options	(2,029,167)	(934,948)	(100,000)
Exercised during the period | Options	(192,500)	(343,750)
Outstanding at end of period | Options	20,046,635	14,918,802	14,598,750
Exercisable at end of period | Options	10,333,724	7,079,401	3,297,135
Outstanding at beginning of period, WAEP	$ 0.20	$ 0.19	$ 0.06
Granted during the period, WAEP	$ 0.36	$ 0.31	$ 0.31
Forfeited and expired during the period. WAEP | $ / shares	$ 0.29	$ 0.05	$ 0.05
Exercised during the period, WAEP	$ 0.36	$ 0.25
Outstanding at end of period, WAEP	0.25	0.20	$ 0.19
Exercisable at end of period, WAEP	$ 0.17	$ 0.15	$ 0.07
Weighted average remaining contractual life | Y	7.9	8.3	9.2
Fair value at grant date				$ 0.19	$ 0.11	$ 0.14
Dividend yield (%)	0.00%	0.00%	0.00%
Expected volatility	53.00%	32.00%	41.50%
Risk-free interest rate	2.70%	1.90%	2.10%
Expected life of share options | Y	6	6	3
Minimum
Share-based payments
Exercise prices for shares outstanding	$ 0.05	$ 0.05	$ 0.05
Maximum
Share-based payments
Exercise prices for shares outstanding	$ 0.36	$ 0.31	$ 0.31

Risk Management - Gearing ratio

Risk Management - Gearing ratio (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Risk Management
Debt	$ 3,426,158	$ 3,313,048	$ 3,025,283
Cash and cash equivalent	(1,786,420)	(1,838,300)	(2,126,011)	$ (1,005,201)
Financial asset at fair value through profit or loss - current	(41,685)
Financial assets at amortized cost	(1,996,808)
Other financial assets - current		(683,812)	(31,543)
Net debt	(398,755)	790,936	867,729
Equity	$ 8,923,580	$ 6,721,335	$ 5,403,227	$ 4,190,255
Net debt to equity ratio	4.50%	11.80%	16.10%

Risk Management - Foreign curre

Risk Management - Foreign currency risk management (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of nature and extent of risks arising from financial instruments [line items]
Liabilities	$ 5,500,740	$ 5,197,116	$ 4,712,051
Assets	14,424,320	11,918,451	10,115,278
EUR
Disclosure of nature and extent of risks arising from financial instruments [line items]
Liabilities	50,601	125,171	112,827
Assets	37,800	72,181	39,619
JPY
Disclosure of nature and extent of risks arising from financial instruments [line items]
Liabilities	54,166	30,422	41,976
Assets	41,589	29,245	35,237
RMB
Disclosure of nature and extent of risks arising from financial instruments [line items]
Liabilities	2,757,762	2,410,284	2,714,492
Assets	2,989,434	1,765,846	1,633,433
Others
Disclosure of nature and extent of risks arising from financial instruments [line items]
Liabilities	51,829	43,824	27,083
Assets	$ 905	$ 8,688	$ 3,860

Risk Management - Foreign cur_2

Risk Management - Foreign currency sensitivity analysis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of nature and extent of risks arising from financial instruments [line items]
Foreign currency sensitivity analysis percentage (as a percent)	5.00%	5.00%	5.00%
EUR
Disclosure of nature and extent of risks arising from financial instruments [line items]
Profit or loss	$ (640)	$ (2,650)	$ (3,660)
Equity	(640)	(2,650)	(3,660)
JPY
Disclosure of nature and extent of risks arising from financial instruments [line items]
Profit or loss	(662)	(62)	(355)
Equity	(662)	(62)	(355)
RMB
Disclosure of nature and extent of risks arising from financial instruments [line items]
Profit or loss	12,193	(33,918)	(6,611)
Equity	12,193	(33,918)	(6,611)
Others
Disclosure of nature and extent of risks arising from financial instruments [line items]
Profit or loss	(2,679)	(1,848)	(1,222)
Equity	$ (2,679)	$ (1,848)	$ (1,222)

Risk Management - Forward forei

Risk Management - Forward foreign exchange contracts (Details) - Foreign currency forward contracts € in Thousands, $ in Thousands	Dec. 31, 2017EUR (€)	Dec. 31, 2017USD ($)
Disclosure of financial assets [line items]
Notional amount		$ 98,381
EUR | Less than 3 months
Disclosure of financial assets [line items]
Average exchange rate	1.2019	1.2019
Notional amount	€ 2,080	$ 2,500
RMB | Less than 3 months
Disclosure of financial assets [line items]
Average exchange rate	6.7622	6.7622
Notional amount	€ 648,364	$ 95,881
Financial assets at fair value through profit or loss | Recurring fair value measurement
Disclosure of financial assets [line items]
Net Fair value assets (liabilities)		2,109
Financial assets at fair value through profit or loss | Recurring fair value measurement | EUR | Less than 3 months
Disclosure of financial assets [line items]
Net Fair value assets (liabilities)		(2)
Financial assets at fair value through profit or loss | Recurring fair value measurement | RMB | Less than 3 months
Disclosure of financial assets [line items]
Net Fair value assets (liabilities)		$ 2,111

Risk Management - Cross currenc

Risk Management - Cross currency swap contracts - Short-term and Medium-term Notes (Details) ¥ in Millions, $ in Millions	Dec. 31, 2018CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2017CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2016CNY (¥)	Dec. 31, 2016USD ($)
Financial assets at amortized cost
Disclosure of detailed information about borrowings [line items]
Principal amount	¥ 2,130.1	$ 258
Short-term and medium-term notes [member]
Disclosure of detailed information about borrowings [line items]
Principal amount	¥ 3,321.5	$ 484	¥ 3,714	$ 568.4	¥ 5,447	$ 782.5

Risk Management - Cross curre_2

Risk Management - Cross currency swap contracts - Notional Amounts and Loss of Fair Value (Details) - Cross currency swap contracts ¥ in Millions	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2018CNY (¥)	Dec. 31, 2018USD ($)
Disclosure of financial liabilities [line items]
Notional value		$ 979,156,000	$ 854,404,000		$ 1,829,517,000
Gain recognized in other gains or losses, net (hedging instrument)	$ 2,300,000
Losses on financial liabilities at fair value through profit or loss		2,200,000	15,000,000
Buy
Disclosure of financial liabilities [line items]
Notional value		979,200,000	$ 854,400,000	¥ 9,527.5	1,388,200,000
Sell
Disclosure of financial liabilities [line items]
Notional value		$ 0		¥ 3,028.8	$ 441,300,000

Risk Management - Amounts recog

Risk Management - Amounts recognized in profit or loss and other comprehensive income or loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other comprehensive income (loss) on cash flow hedges recognized during the year:
Total fair value gain (loss) included in other comprehensive income (loss)	$ (48,714)	$ 95,185	$ (66,861)
Reclassified from other comprehensive income (loss) to offset foreign exchange gains or losses	84,645	(60,042)	32,234
Other comprehensive income (losses) on cash flow hedges recognized during the year	35,931	35,143	(34,627)
Balance of cash flow hedges reserve at beginning of the year	516	(34,627)
Balance of cash flow hedges reserve at end of the year	$ 36,447	$ 516	$ (34,627)

Risk Management - Cross curre_3

Risk Management - Cross currency swap contracts - Outstanding Contracts (Details) ¥ in Thousands	Dec. 31, 2018CNY (¥)	Dec. 31, 2018USD ($)	Dec. 31, 2017CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2016CNY (¥)	Dec. 31, 2016USD ($)
Disclosure of financial liabilities [line items]
Assets		$ 14,424,320,000		$ 11,918,451,000		$ 10,115,278,000
Liabilities		(5,500,740,000)		(5,197,116,000)		(4,712,051,000)
RMB
Disclosure of financial liabilities [line items]
Assets		2,989,434,000		1,765,846,000		1,633,433,000
Liabilities		(2,757,762,000)		(2,410,284,000)		(2,714,492,000)
Cross currency swap contracts
Disclosure of financial liabilities [line items]
Notional value		1,829,517,000		979,156,000		854,404,000
Cross currency swap contracts | Buy
Disclosure of financial liabilities [line items]
Notional value	¥ 9,527,500	1,388,200,000		979,200,000		$ 854,400,000
Cross currency swap contracts | Sell
Disclosure of financial liabilities [line items]
Notional value	¥ 3,028,800	$ 441,300,000		$ 0
Cross currency swap contracts | RMB | 3 months to 1 year | Buy
Disclosure of financial liabilities [line items]
Average exchange rate	6.8681	6.8681	6.6369	6.6369	6.6592	6.6592
Notional value	¥ 5,852,000	$ 852,663,000	¥ 1,040,000	$ 159,163,000	¥ 787,000	$ 113,450,000
Cross currency swap contracts | RMB | 3 months to 1 year | Sell
Disclosure of financial liabilities [line items]
Average exchange rate	6.8912	6.8912
Notional value	¥ 3,028,809	$ 441,312,000
Cross currency swap contracts | RMB | 1 year to 5 years | Buy
Disclosure of financial liabilities [line items]
Average exchange rate	6.8635	6.8635	6.6356	6.6356	6.5830	6.5830
Notional value	¥ 3,675,529	$ 535,542,000	¥ 5,358,000	$ 819,993,000	¥ 5,140,000	$ 740,954,000
Financial liabilities at FVTPL | Recurring fair value measurement
Disclosure of financial liabilities [line items]
Liabilities		(43,294,000)		(15,212,000)
Financial liabilities at FVTPL | Recurring fair value measurement | Cross currency swap contracts
Disclosure of financial liabilities [line items]
Assets				19,676,000
Liabilities		(23,497,000)				(80,518,000)
Financial liabilities at FVTPL | Recurring fair value measurement | Cross currency swap contracts | RMB | 3 months to 1 year | Buy
Disclosure of financial liabilities [line items]
Assets				3,997,000
Liabilities		(11,650,000)				(6,348,000)
Financial liabilities at FVTPL | Recurring fair value measurement | Cross currency swap contracts | RMB | 3 months to 1 year | Sell
Disclosure of financial liabilities [line items]
Liabilities		(1,573,000)
Financial liabilities at FVTPL | Recurring fair value measurement | Cross currency swap contracts | RMB | 1 year to 5 years | Buy
Disclosure of financial liabilities [line items]
Assets				$ 15,679,000
Liabilities		$ (10,274,000)				$ (74,170,000)

Risk Management - Interest rate

Risk Management - Interest rate sensitivity analysis (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Risk Management
Interest rate sensitivity analysis percentage (as a percent)	0.10%	0.10%	0.10%
Increase (decrease) in profit	$ 0.9	$ (0.4)	$ (0.5)

Risk Management - Credit risk m

Risk Management - Credit risk management (Details) - customer	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of major customers [line items]
Number of customers having significant credit risk	4
Threshold percentage	10.00%	10.00%	10.00%
Customer A | Maximum
Disclosure of major customers [line items]
Percentage of entity's gross monetary assets (as a percent)	2.00%
Customer B | Maximum
Disclosure of major customers [line items]
Percentage of entity's gross monetary assets (as a percent)	2.00%
Customer C | Maximum
Disclosure of major customers [line items]
Percentage of entity's gross monetary assets (as a percent)	1.00%
Customer D | Maximum
Disclosure of major customers [line items]
Percentage of entity's gross monetary assets (as a percent)	1.00%
Other customers | Maximum
Disclosure of major customers [line items]
Percentage of entity's gross monetary assets (as a percent)	1.00%

Risk Management - Loss allowanc

Risk Management - Loss allowance (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of provision matrix [line items]
Financial asset	$ 2,939,642		$ 1,342,562	$ 732,225
Cost | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	412,053	$ 407,975
Allowance | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 2,155	$ 1,335
Within 30 days | Trade receivables
Disclosure of provision matrix [line items]
Expected loss rate	0.10%	0.10%
Within 30 days | Cost | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 385,633	$ 394,079
Within 30 days | Allowance | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 276	$ 343
31-60 days | Trade receivables
Disclosure of provision matrix [line items]
Expected loss rate	2.00%	2.00%
31-60 days | Cost | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 11,174	$ 9,796
31-60 days | Allowance | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 173	$ 212
61–90 days | Trade receivables
Disclosure of provision matrix [line items]
Expected loss rate	4.00%	4.00%
61–90 days | Cost | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 10,742	$ 1,960
61–90 days | Allowance | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 481	$ 79
91–120 days | Trade receivables
Disclosure of provision matrix [line items]
Expected loss rate	14.00%	15.00%
91–120 days | Cost | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 2,508	$ 732
91–120 days | Allowance | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 342	$ 110
Over 120 days | Trade receivables
Disclosure of provision matrix [line items]
Expected loss rate	44.00%	42.00%
Over 120 days | Cost | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 1,996	$ 1,408
Over 120 days | Allowance | Trade receivables
Disclosure of provision matrix [line items]
Financial asset	$ 883	$ 591

Risk Management - Movement in a

Risk Management - Movement in allowance on doubtful trade receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Movement in allowance on doubtful trade receivables
Balance at beginning of the year	$ 1,335	$ 1,491	$ 41,976
Addition in allowance on doubtful trade receivables	964	301	201
Amounts written off during the year as uncollectible		(19)	(39,083)
Reversal of allowance on doubtful trade receivables	(27)	(438)	(1,603)
Reclassified as held-for-sale	(117)
Balance at end of the year	$ 2,155	$ 1,335	$ 1,491

Risk Management - Other financi

Risk Management - Other financial assets at amortized cost (Details) $ in Millions	Dec. 31, 2018USD ($)
Financial assets at fair value through profit or loss
Disclosure of financial assets [line items]
Maximum exposure of credit risk	$ 97.2

Risk Management - Liquidity and

Risk Management - Liquidity and interest risk tables - Non-derivative Financial Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Convertible bonds, weighted average effective interest rate (as a percent)	3.79%	3.79%
Convertible bonds	$ 442,500	$ 442,500	$ 843,200
Bonds payable, weighted average effective interest rate (as a percent)	4.52%	4.52%	4.52%
Bonds payable	$ 500,000	$ 500,000	$ 500,000
Medium-term notes, weighted average effective interest rate (as a percent)	3.70%	3.70%	3.70%
Medium-term notes	$ 226,162	$ 226,162	$ 226,162
Short-term notes, weighted average effective interest rate (as a percent)			2.99%
Short-term notes			$ 90,465
Finance lease payables, weighted average effective interest rate (as a percent)		3.68%	3.68%
Finance lease payables		$ 6,677	$ 7,647
Trade and other payables	964,860	1,050,460	940,553
Other liabilities	76,060	85,123
Contingent consideration	11,948	12,549
Non-derivative financial liabilities	$ 4,519,666	$ 4,510,530	$ 4,124,566
Fixed interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings, weighted average effective interest rate (as a percent)	2.26%	3.20%	2.50%
Interest-bearing bank and other borrowings	$ 680,040	$ 817,224	$ 653,313
Floating interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings, weighted average effective interest rate (as a percent)	2.70%	2.36%	2.62%
Interest-bearing bank and other borrowings	$ 1,618,096	$ 1,369,835	$ 863,226
Minimum
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Convertible bonds, weighted average effective interest rate (as a percent)			2.78%
Maximum
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Convertible bonds, weighted average effective interest rate (as a percent)			3.79%
Less than 3 months
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Convertible bonds			$ 393,200
Finance lease payables		434	382
Trade and other payables	911,415	880,795	915,840
Other liabilities	14,570
Non-derivative financial liabilities	1,143,738	1,038,279	1,446,189
Less than 3 months | Fixed interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	2,192	140,338	130,728
Less than 3 months | Floating interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	215,561	16,712	6,039
3 months to 1 year
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bonds payable	500,000
Medium-term notes	226,162
Short-term notes			90,465
Finance lease payables		1,308	1,147
Trade and other payables	15,129	5,492	1,353
Other liabilities	19,670	20,661
Non-derivative financial liabilities	1,076,652	139,971	167,041
3 months to 1 year | Fixed interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	124,797	24,757	6,729
3 months to 1 year | Floating interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	190,894	87,753	67,347
1 year to 5 years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Convertible bonds	442,500	442,500	450,000
Bonds payable		500,000	500,000
Medium-term notes		226,162	226,162
Finance lease payables		4,935	6,118
Trade and other payables	36,105	161,169	21,706
Other liabilities	41,820	64,462
Contingent consideration	11,948	12,549
Non-derivative financial liabilities	1,865,128	2,683,641	2,120,519
1 year to 5 years | Fixed interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	282,735	313,497	131,474
1 year to 5 years | Floating interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	1,050,020	958,367	785,059
Over 5 years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Trade and other payables	2,211	3,004	1,654
Non-derivative financial liabilities	434,148	648,639	390,817
Over 5 years | Fixed interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	270,316	338,632	384,382
Over 5 years | Floating interest rate [member]
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest-bearing bank and other borrowings	$ 161,621	$ 307,003	$ 4,781

Risk Management - Liquidity a_2

Risk Management - Liquidity and interest risk tables - Non-derivative Financial Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of financial assets [line items]
Trade and other receivables	$ 837,828	$ 616,308	$ 645,822
Cash and cash equivalent, restricted cash, short-term investments, and financial assets at amortized cost	3,991,313	2,624,094	2,502,221
Financial assets at fair value through profit or loss	97,277
Available for sale financial assets		24,844	21,966
Non-derivative financial assets	4,926,418	3,265,246	3,170,009
Less than 3 months
Disclosure of financial assets [line items]
Trade and other receivables	$ 837,828	$ 616,308	$ 645,822
Cash and cash equivalent, restricted cash, short-term investments, and financial assets at amortized cost weighted average effective interest rate (as a percent)	2.29%	1.25%	1.19%
Cash and cash equivalent, restricted cash, short-term investments, and financial assets at amortized cost	$ 2,698,067	$ 2,231,089	$ 2,000,717
Financial assets at fair value through profit or loss	41,805
Non-derivative financial assets	3,577,700	2,847,397	2,646,539
3 months to 1 year
Disclosure of financial assets [line items]
Cash and cash equivalent, restricted cash, short-term investments, and financial assets at amortized cost	1,293,246	276,723	480,379
Non-derivative financial assets	1,293,246	276,723	480,379
1 year to 5 years
Disclosure of financial assets [line items]
Cash and cash equivalent, restricted cash, short-term investments, and financial assets at amortized cost		116,282	21,125
Non-derivative financial assets		116,282	21,125
Over 5 years
Disclosure of financial assets [line items]
Financial assets at fair value through profit or loss	55,472
Available for sale financial assets		24,844	21,966
Non-derivative financial assets	$ 55,472	$ 24,844	$ 21,966

Risk Management - Liquidity a_3

Risk Management - Liquidity and interest risk tables - Short-term Financing Facilities (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Risk Management
Undrawn borrowing facilities	$ 2,518.5	$ 1,810.2	$ 1,873.8

Risk Management - Liquidity a_4

Risk Management - Liquidity and interest risk tables - Derivative Financial Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	$ (33,415)		$ (2,830)
Less than 3 months
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(8,783)
3 months to 1 year
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(4,495)		(3,107)
1 year to 5 years
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets			5,458
Derivative financial liabilities	(20,137)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		$ 58,116
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities		(515,238)	(469,204)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | Net settled, net (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(9,521)		(2,830)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | Less than 3 months | Net settled, net (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(8,783)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 3 months to 1 year
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		6,303
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities		(34,254)	(72,872)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Net settled, net (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities			(1,355)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 1 year to 5 years
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		51,813
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 1 year to 5 years | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities		(480,984)	(396,332)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 1 year to 5 years | Net settled, net (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(738)		(1,475)
Cross currency swap contract one | Cross currency swap contracts - cash flow hedges | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(1,141,653)
Cross currency swap contract one | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(613,270)
Cross currency swap contract one | Cross currency swap contracts - cash flow hedges | 1 year to 5 years | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(528,383)
Cross currency swap contract two | Cross currency swap contracts - cash flow hedges | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(261,472)
Cross currency swap contract two | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Gross settled, (outflows)
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial liabilities	(261,472)
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		549,770	474,385
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | Net settled, net inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		23,584
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		37,703	71,120
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Net settled, net inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		2,854
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 1 year to 5 years | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		512,067	$ 403,265
Cross currency swap contracts | Cross currency swap contracts - cash flow hedges | 1 year to 5 years | Net settled, net inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets		$ 20,730
Cross currency swap contract one | Cross currency swap contracts - cash flow hedges | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets	1,116,579
Cross currency swap contract one | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets	607,595
Cross currency swap contract one | Cross currency swap contracts - cash flow hedges | 1 year to 5 years | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets	508,984
Cross currency swap contract two | Cross currency swap contracts - cash flow hedges | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets	262,652
Cross currency swap contract two | Cross currency swap contracts - cash flow hedges | 3 months to 1 year | Gross settled, inflows
Disclosure of maturity analysis for derivative financial liabilities [line items]
Derivative financial assets	$ 262,652

Cash flow information (Details)

Cash flow information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	$ 3,293,372,000	$ 3,105,801,000
Net cash flows in financing activities	245,650,000	569,785,000
Reclassified as held-for-sale	(58,467,000)
Conversion options exercised		(399,099,000)
Foreign exchange (gain) loss	(91,940,000)	98,747,000
Other non-cash movement	62,198,000	(81,862,000)
Balance at end of period	3,450,813,000	3,293,372,000
Non cash acquisition of tangible and intangible assets	0	97,600,000
Short-term borrowings
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	308,311,000	176,957,000
Net cash flows in financing activities	(108,348,000)	127,715,000
Foreign exchange (gain) loss	(7,765,000)	3,639,000
Balance at end of period	192,198,000	308,311,000
Long-term borrowings
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	1,876,236,000	1,265,811,000
Net cash flows in financing activities	353,998,000	529,928,000
Reclassified as held-for-sale	(58,467,000)
Foreign exchange (gain) loss	(73,197,000)	80,497,000
Balance at end of period	2,098,570,000	1,876,236,000
Convertible bonds
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	403,329,000	786,611,000
Conversion options exercised		(399,099,000)
Other non-cash movement	15,263,000	15,817,000
Balance at end of period	418,592,000	403,329,000
Bonds payable
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	496,689,000	494,909,000
Other non-cash movement	1,862,000	1,780,000
Balance at end of period	498,551,000	496,689,000
Medium-term notes
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	228,483,000	214,502,000
Foreign exchange (gain) loss	(10,978,000)	13,246,000
Other non-cash movement	742,000	735,000
Balance at end of period	218,247,000	228,483,000
Short-term notes
Reconciliation of liabilities arising from financing activities
Balance at beginning of period		86,493,000
Net cash flows in financing activities		(87,858,000)
Foreign exchange (gain) loss		1,365,000
Currency swap contracts classified as other financial assets
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	(22,337,000)
Other non-cash movement		(22,337,000)
Balance at end of period		(22,337,000)
Currency swap contracts classified as other financial liabilities
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	2,661,000	80,518,000
Other non-cash movement		(77,857,000)
Balance at end of period		2,661,000
Cross currency swap contracts - cash flow hedges | Currency swap contracts classified as derivative financial instruments as assets
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	(22,337,000)
Other non-cash movement	15,646,000
Balance at end of period	(6,691,000)	(22,337,000)
Cross currency swap contracts - cash flow hedges | Currency swap contracts classified as derivative financial instruments as Liabilities
Reconciliation of liabilities arising from financing activities
Balance at beginning of period	2,661,000
Other non-cash movement	28,685,000
Balance at end of period	$ 31,346,000	$ 2,661,000

Related party transactions - Tr

Related party transactions - Trading Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Datang Microelectronics Technology Co., Ltd.
Related party transactions
Sale of goods	$ 9,783	$ 15,667	$ 14,146
Purchase of services	106
Datang Semiconductor Co., Ltd.
Related party transactions
Sale of goods	117	535	464
Leadcore
Related party transactions
Sale of goods	2,018	3,960	3,267
Toppan SMIC Electronic (Shanghai) Co., Ltd ("Toppan")
Related party transactions
Sale of services	4,050	3,896	3,481
Purchase of goods	7,277	11,275	8,869
Purchase of services	32	59	856
Zhongxin Xiecheng Investment (Beijing) Co., Ltd ("Zhongxin Xiecheng")
Related party transactions
Purchase of services			4
Brite
Related party transactions
Sale of goods	33,568	44,212	31,506
Purchase of goods			25
Purchase of services	96	2,016	2,887
JCET
Related party transactions
Sale of goods	64	17
Sale of services	89	48
Purchase of goods	9,923	1,778	1,097
Purchase of services	819	620	1,189
SMEC
Related party transactions
Sale of goods	11,346
Sale of equipment	68,829
Grant of licensing	163,845
NSI
Related party transactions
Sale of goods	862
Sale of services	2,128
China Fortune-Tech Capital Co., Ltd ("China Fortune-Tech")
Related party transactions
Sale of services			65
Purchase of services	352	959	313
Datang Finance
Related party transactions
Purchase of services			15
Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Related party transactions
Purchase of services	87,071	51,739
Sale of equipment	$ 306,750	$ 661,455	$ 249,162

Related party transactions - Ou

Related party transactions - Outstanding Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Datang Microelectronics Technology Co., Ltd.
Related party transactions
Amounts due from related parties	$ 3,379	$ 4,279	$ 6,354
Datang Semiconductor Co., Ltd.
Related party transactions
Amounts due from related parties	10	302
Leadcore
Related party transactions
Amounts due from related parties	936
Toppan SMIC Electronic (Shanghai) Co., Ltd ("Toppan")
Related party transactions
Amounts due from related parties	2,365	670	615
Amounts due to related parties	737	888	2,414
Brite
Related party transactions
Amounts due from related parties	10,775	12,951	6,507
Amounts due to related parties			279
JCET
Related party transactions
Amounts due from related parties	47	21
Amounts due to related parties	948	$ 3	736
SMEC
Related party transactions
Amounts due from related parties	104,506
NSI
Related party transactions
Amounts due from related parties	2,922
China Fortune-Tech Capital Co., Ltd ("China Fortune-Tech")
Related party transactions
Amounts due from related parties			$ 38
Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Related party transactions
Amounts due from related parties	$ 44,702

Related party transactions - Na

Related party transactions - Narrative (Details) ¥ in Millions	1 Months Ended				12 Months Ended
	Jul. 31, 2018USD ($)agreement	Jul. 31, 2017USD ($)agreement	Feb. 28, 2017USD ($)agreement	Dec. 31, 2016USD ($)agreement	Dec. 31, 2018USD ($)company	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)agreement	Aug. 10, 2018CNY (¥)	Aug. 10, 2018USD ($)	Jul. 06, 2018CNY (¥)	Jul. 06, 2018USD ($)
Related party transactions
Proceeds from disposal of property, plant and equipment and assets classified as held-for-sale					$ 398,162,000	$ 688,192,000	$ 259,799,000
Number of leasing companies | company					3
Grant of licensing, cost of sales					$ 0
Sino IC Leasing (Tianjin) Co., Ltd.
Related party transactions
Number of financing arrangements | agreement	4		3	2			2
Proceeds from disposal of property, plant and equipment and assets classified as held-for-sale			$ 250,600,000	$ 249,200,000
Xincheng Leasing (Tianjin) Co., Ltd, Xindian Leasing (Tianjin) Co., Ltd and Xinlu Leasing (Tianjin) Co., Ltd
Related party transactions
Number of financing arrangements | agreement		7
Proceeds from disposal of property, plant and equipment and assets classified as held-for-sale		$ 410,800,000
SMEC
Related party transactions
Grant of licensing, revenue					$ 163,845,000
Xinhe Leasing (Tianjin) Co., Ltd
Related party transactions
Proceeds from disposal of property, plant and equipment and assets classified as held-for-sale	$ 306,800,000
Semiconductor Manufacturing International (Beijing) Corporation ("SMIB" or "SMIC Beijing")
Related party transactions
Amount of debt subscribed								¥ 100	$ 14,600,000	¥ 200	$ 30,200,000
Oriented Debt Financing Instrument [Member] | Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Related party transactions
Principal amount | ¥										500
Oriented Debt Financing Instrument [Member] | Semiconductor Manufacturing International (Beijing) Corporation ("SMIB" or "SMIC Beijing") | Sino IC Leasing Co., Ltd. ("Sino IC Leasing")
Related party transactions
Amount of debt subscribed								¥ 100	$ 14,600,000	¥ 200	$ 30,200,000

Related party transactions - Ke

Related party transactions - Key Management Personnel and Directors (Detail) $ in Thousands	1 Months Ended			12 Months Ended
	Jul. 31, 2018USD ($)employee	May 31, 2018USD ($)	Jan. 31, 2018USD ($)director	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)director
Related party
Salaries, bonus and benefits				$ 3,973	$ 4,853	$ 4,921
Equity-settled share-based payments				2,390	8,264	2,762
Key management personnel compensation				6,363	13,117	7,683
Key management
Related party
Outstanding consideration per arrangement/contract		$ 1,100
Directors
Related party
Equity-settled share-based payments				$ 2,390	$ 8,158	$ 2,214
Number of directors and/or key management	1		1			1
Outstanding consideration per arrangement/contract	$ 900		$ 1,200			$ 1,000

Commitments for expenditure - P

Commitments for expenditure - Purchase commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Commitments for expenditure
Commitments for the facility construction	$ 333,211	$ 484,468	$ 239,759
Commitments for the acquisition of property, plant and equipment	1,209,335	476,132	800,597
Commitments for the acquisition of intangible assets	5,732	5,596	5,491
Total capital commitments	$ 1,548,278	$ 966,196	$ 1,045,847

Commitments for expenditure - N

Commitments for expenditure - Non-cancellable operating leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Non-cancellable operating leases
Total future minimum lease payments	$ 352,540	$ 294,865	$ 69,472
Minimum
Non-cancellable operating leases
Terms of leases	3 years
Maximum
Non-cancellable operating leases
Terms of leases	5 years
Within 1 year
Non-cancellable operating leases
Total future minimum lease payments	$ 121,588	91,181	23,483
1 year to 5 years
Non-cancellable operating leases
Total future minimum lease payments	$ 230,952	$ 203,684	$ 45,989

Financial information of pare_3

Financial information of parent company - Statement of profit or loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ifrs Statement [Line Items]
Revenue	$ 3,359,984	$ 3,101,175	$ 2,914,180
General and administration expenses	(199,818)	(198,036)	(167,582)
Profit from operations	14,640	124,895	339,206
Interest income	64,339	27,090	11,243
Finance costs	(24,278)	(18,021)	(23,037)
Foreign exchange losses	(8,499)	(12,694)	(1,640)
Other gains (losses), net	24,282	16,499	(2,113)
Profit before tax	91,687	128,269	309,882
Income tax expense	14,476	1,846	(6,552)
Profit for the year	77,211	126,423	316,434
Items that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations	(35,919)	23,213	(19,031)
Change in value of available-for-sale financial assets		(2,381)	807
Cash flow hedges	35,931	35,143	(34,627)
Share of other comprehensive income of joint ventures accounted for using equity method		17,646
Other		(131)	1
Items that will not be reclassified to profit or loss
Actuarial gains or losses on defined benefit plans	129	(436)	1,520
Total comprehensive income (loss) for the year	77,352	199,477	265,104
Parent company
ifrs Statement [Line Items]
Revenue	0	0	0
General and administration expenses	(48,153)	(47,354)	(50,739)
Profit from operations	(48,153)	(47,354)	(50,739)
Interest income	2,266	2,670	1,154
Finance costs	(16,992)	(14,956)	(24,194)
Foreign exchange losses	(64,020)	63,087	(15,269)
Share of profits of subsidiaries	256,750	169,880	477,510
Share of profits of associates	2,980	2,868	1,455
Other gains (losses), net	1,224	3,484	(13,287)
Profit before tax	134,055	179,679	376,630
Income tax expense	0	0	0
Profit for the year	134,055	179,679	376,630
Items that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations	(36,138)	21,590	(18,131)
Change in value of available-for-sale financial assets		(2,356)	798
Cash flow hedges	35,931	35,143	(34,627)
Share of other comprehensive income of joint ventures accounted for using equity method		17,646
Other		(131)	1
Items that will not be reclassified to profit or loss
Actuarial gains or losses on defined benefit plans	129	(436)	1,520
Total comprehensive income (loss) for the year	$ 133,977	$ 251,135	$ 326,191

Financial information of pare_4

Financial information of parent company - Statement of financial position (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Jan. 01, 2018	Dec. 31, 2017	Dec. 06, 2017	Dec. 31, 2016	Dec. 31, 2015
Non-current assets
Property, plant and equipment	$ 6,777,970		$ 6,523,403		$ 5,687,357
Derivative financial instruments	5,266				32,894
Investments in associates	1,135,442		758,241		240,136
Other financial assets			17,598
Other assets	11,176		42,810		42,870
Total non-current assets	8,274,729		7,749,467		6,431,525
Current assets
Prepayment and prepaid operating expenses	28,161		34,371		27,649
Trade and other receivables	837,828		616,308		645,822
Financial assets at amortized cost	1,996,808
Derivative financial instruments	2,583
Other financial assets			683,812		31,543
Cash and cash equivalent	1,786,420		1,838,300		2,126,011	$ 1,005,201
Total current assets	6,149,591		4,168,984		3,683,753
Total assets	14,424,320		11,918,451		10,115,278
Capital and reserves
Ordinary shares, $0.004 par value, 10,000,000,000 shares authorized, 5,039,819,199, 4,916,106,889 and 4,252,922,259 shares issued and outstanding at December 31, 2018, 2017 and 2016, respectively	20,159		19,664		17,012
Share premium	4,993,163		4,827,619	$ 325,200	4,950,948
Reserves	109,346	$ 118,134	134,669		93,563
Retained earnings (accumulated deficit)	331,298	$ 203,543	187,008		(910,849)
Equity attributable to owners of the Company	5,453,966		5,168,960		4,150,674
Perpetual subordinated convertible securities	563,848		64,073
Total equity	8,923,580		6,721,335		5,403,227	4,190,255
Non-current liabilities
Borrowings	1,760,763		1,743,939		1,233,594
Convertible bonds	418,592		403,329		395,210
Bonds payable			496,689		494,909
Medium-term notes			228,483		214,502
Derivative financial instruments	15,540
Other financial liabilities	11,948		1,919		74,170
Other liabilities	39,128		99,817		37,497
Total non-current liabilities	2,641,512		3,290,337		2,731,151
Current liabilities
Trade and other payables	964,860		1,007,424		897,606
Borrowings	530,005		440,608		209,174
Convertible bonds					391,401
Bonds payable	498,551
Medium-term notes	218,247
Accrued liabilities	164,604		180,912		230,450
Derivative financial instruments	15,806
Other financial liabilities			744		6,348
Total current liabilities	2,859,228		1,906,779		1,980,900
Total liabilities	5,500,740		5,197,116		4,712,051
Total equity and liabilities	14,424,320		11,918,451		10,115,278
Parent company
Non-current assets
Property, plant and equipment	48,168		47,090		89,404
Intangible assets	32,437		59,138		91,225
Investments in subsidiaries	5,051,780		4,779,485		4,333,604
Derivative financial instruments	5,266
Investments in associates	145,285		132,427		114,966
Other financial assets			11,732
Other assets	141,603		372,275		530,566
Total non-current assets	5,424,539		5,402,147		5,159,765
Current assets
Prepayment and prepaid operating expenses	298		428		671
Trade and other receivables	28,982		29,061		24,749
Due from subsidiaries	2,027,008		1,609,556		908,716
Financial assets at amortized cost	40,000
Derivative financial instruments	1,323
Other financial assets			95,440		3,000
Cash and cash equivalent	107,795		140,411		317,873	115,726
Total current assets	2,205,406		1,874,896		1,255,009
Total assets	7,629,945		7,277,043		6,414,774
Capital and reserves
Ordinary shares, $0.004 par value, 10,000,000,000 shares authorized, 5,039,819,199, 4,916,106,889 and 4,252,922,259 shares issued and outstanding at December 31, 2018, 2017 and 2016, respectively	20,159		19,664		17,012
Share premium	4,993,163		4,827,619		4,950,948
Reserves	109,346		134,669		93,563
Retained earnings (accumulated deficit)	331,298		187,008		(910,849)
Equity attributable to owners of the Company	5,453,966		5,168,960		4,150,674
Perpetual subordinated convertible securities	563,848		64,073
Total equity	6,017,814		5,233,033		4,150,674	$ 3,729,856
Non-current liabilities
Borrowings			76,520		72,077
Convertible bonds	418,592		403,329		395,210
Bonds payable			496,689		494,909
Medium-term notes			228,483		214,502
Derivative financial instruments	8,711
Other financial liabilities			1,885		60,610
Other liabilities			520		2,560
Total non-current liabilities	427,303		1,207,426		1,239,868
Current liabilities
Trade and other payables	18,033		17,489		1,683
Due to subsidiaries	351,017		804,476		522,166
Borrowings	72,852
Convertible bonds					391,401
Bonds payable	498,551
Medium-term notes	218,247
Short-term notes					86,493
Accrued liabilities	13,789		13,877		19,570
Derivative financial instruments	12,339
Other financial liabilities			742		2,919
Total current liabilities	1,184,828		836,584		1,024,232
Total liabilities	1,612,131		2,044,010		2,264,100
Total equity and liabilities	$ 7,629,945		$ 7,277,043		$ 6,414,774

Financial information of pare_5

Financial information of parent company - Statement of financial position parenthetical values (Details) - $ / shares	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 07, 2016	Dec. 06, 2016	Dec. 31, 2015
ifrs Statement [Line Items]
Ordinary shares, par value (in dollars per share)	$ 0.004	$ 0.004	$ 0.004	$ 0.004	$ 0.0004
Ordinary shares, shares authorized (in shares)	10,000,000,000	10,000,000,000	10,000,000,000
Ordinary shares, shares issued (in shares)	5,039,819,199	4,916,106,889	4,252,922,259			42,073,748,961
Ordinary shares, shares outstanding (in shares)	5,039,819,199	4,916,106,889	4,252,922,259
Parent company
ifrs Statement [Line Items]
Ordinary shares, par value (in dollars per share)	$ 0.004	$ 0.004	$ 0.004
Ordinary shares, shares authorized (in shares)	10,000,000,000	10,000,000,000	10,000,000,000
Ordinary shares, shares issued (in shares)	5,039,819,199	4,916,106,889	4,252,922,259
Ordinary shares, shares outstanding (in shares)	5,039,819,199	4,916,106,889	4,252,922,259

Financial information of pare_6

Financial information of parent company - Statement of changes in equity (Details) - USD ($) $ in Thousands	Oct. 25, 2018	Aug. 29, 2018	Jun. 29, 2018	Jan. 01, 2018	Dec. 29, 2017	Dec. 06, 2017	Jun. 23, 2017	Dec. 31, 2016	Dec. 06, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Balance at beginning of year				$ 6,721,335					$ 4,190,255	$ 6,721,335	$ 5,403,227	$ 4,190,255
Restated total equity at January 1, 2018											6,721,335
Profit for the year										77,211	126,423	316,434
Other comprehensive income (losses) for the year										141	73,054	(51,330)
Total comprehensive income (loss) for the year										77,352	199,477	265,104
Issuance of ordinary shares						$ 1,000				160,878	326,140
Cancellation of treasury stock										(20,057)
Share premium reduction							$ (910,800)
Exercise of stock options										8,076	17,105	17,610
Share-based compensation										11,661	18,214	14,210
Conversion options exercised - Equity component											399,099	10,244
Recognition of equity component of convertible bonds												52,935
Gain on transfer of business operation					$ 7,300
Perpetual subordinated convertible securities										499,775	64,073
Distribution to perpetual subordinated convertible securities										(6,300)
Deconsolidation of subsidiaries due to loss of control										(17,403)
Share of other capital reserve of associates accounted for using equity method										(637)
Subtotal										2,124,893	1,118,631	947,868
Balance at end of year								$ 5,403,227		8,923,580	6,721,335	5,403,227
Ordinary shares
Balance at beginning of year				19,664					16,830	19,664	17,012	16,830
Restated total equity at January 1, 2018											19,664
Issuance of ordinary shares		$ 228	$ 246			966				474	966
Cancellation of treasury stock	$ (20,000)									(76)
Exercise of stock options								8	132	97	130	140
Conversion options exercised - Equity component											1,556	42
Subtotal										495	2,652	182
Balance at end of year								17,012		20,159	19,664	17,012
Share premium
Balance at beginning of year				4,827,619					4,903,861	4,827,619	4,950,948	4,903,861
Restated total equity at January 1, 2018											4,827,619
Issuance of ordinary shares		$ 77,148	$ 83,256			$ 325,174				160,404	325,174
Cancellation of treasury stock										(19,981)
Share premium reduction											(910,849)
Exercise of stock options								697	35,367	25,121	35,178	36,064
Conversion options exercised - Equity component											427,168	11,023
Subtotal										165,544	(123,329)	47,087
Balance at end of year								4,950,948		4,993,163	4,827,619	4,950,948
Equity-settled employee benefits reserve
Balance at beginning of year				64,978					70,459	64,978	65,703	70,459
Restated total equity at January 1, 2018											64,978
Exercise of stock options										(17,211)	(18,220)	(18,594)
Share-based compensation										10,912	17,495	13,838
Subtotal										(6,299)	(725)	(4,756)
Balance at end of year								65,703		58,679	64,978	65,703
Foreign currency translation reserve
Balance at beginning of year				(497)					(3,956)	(497)	(22,087)	(3,956)
Restated total equity at January 1, 2018											(497)
Other comprehensive income (losses) for the year										(36,138)	21,590	(18,131)
Total comprehensive income (loss) for the year										(36,138)	21,590	(18,131)
Deconsolidation of subsidiaries due to loss of control										(1,774)
Subtotal										(1,774)
Balance at end of year								(22,087)		(38,409)	(497)	(22,087)
Change in value of available-for-sale financial assets
Balance at beginning of year				(1,111)					447	(1,111)	1,245	447
Change in accounting policy				1,100							1,111
Other comprehensive income (losses) for the year											(2,356)	798
Total comprehensive income (loss) for the year											(2,356)	798
Balance at end of year								1,245			(1,111)	1,245
Convertible bonds equity reserve
Balance at beginning of year				52,053					29,564	52,053	81,678	29,564
Restated total equity at January 1, 2018											52,053
Conversion options exercised - Equity component											(29,625)	(821)
Recognition of equity component of convertible bonds												52,935
Subtotal											(29,625)	52,114
Balance at end of year								81,678		52,053	52,053	81,678
Defined benefit plan reserve
Balance at beginning of year				1,084						1,084	1,520
Restated total equity at January 1, 2018											1,084
Other comprehensive income (losses) for the year										129	(436)	1,520
Total comprehensive income (loss) for the year										129	(436)	1,520
Balance at end of year								1,520		1,213	1,084	1,520
Cash flow hedges
Balance at beginning of year				516						516	(34,627)
Restated total equity at January 1, 2018											516
Other comprehensive income (losses) for the year										35,931	35,143	(34,627)
Total comprehensive income (loss) for the year										35,931	35,143	(34,627)
Balance at end of year								(34,627)		36,447	516	(34,627)
Share of other comprehensive income of joint ventures accounted for using equity method
Balance at beginning of year				17,646						17,646
Change in accounting policy											(17,646)
Other comprehensive income (losses) for the year											17,646
Total comprehensive income (loss) for the year											17,646
Balance at end of year											17,646
Others
Balance at beginning of year									130		131	130
Other comprehensive income (losses) for the year											(131)	1
Total comprehensive income (loss) for the year											(131)	1
Share of other capital reserve of associates accounted for using equity method										(637)
Subtotal										(637)
Balance at end of year								131		(637)		131
Accumulated deficit
Balance at beginning of year				187,008					(1,287,479)	187,008	(910,849)	(1,287,479)
Change in accounting policy											16,535
Restated total equity at January 1, 2018											203,543
Profit for the year										134,055	179,679	376,630
Total comprehensive income (loss) for the year										134,055	179,679	376,630
Share premium reduction											910,849
Gain on transfer of business operation											7,329
Distribution to perpetual subordinated convertible securities										(6,300)
Subtotal										(6,300)	918,178
Balance at end of year								(910,849)		331,298	187,008	(910,849)
Perpetual subordinated convertible securities
Balance at beginning of year				64,073						64,073
Restated total equity at January 1, 2018											64,073
Perpetual subordinated convertible securities										499,775	64,073
Subtotal										499,775	64,073
Balance at end of year										563,848	64,073
Parent company
Balance at beginning of year				5,233,033					3,729,856	5,233,033	4,150,674	3,729,856
Restated total equity at January 1, 2018											5,233,033
Profit for the year										134,055	179,679	376,630
Other comprehensive income (losses) for the year										(78)	71,456	(50,439)
Total comprehensive income (loss) for the year										133,977	251,135	326,191
Issuance of ordinary shares										160,878	326,140
Cancellation of treasury stock										(20,057)
Exercise of stock options										8,007	17,088	17,610
Share-based compensation										10,912	17,495	13,838
Conversion options exercised - Equity component											399,099	10,244
Recognition of equity component of convertible bonds												52,935
Gain on transfer of business operation											7,329
Perpetual subordinated convertible securities										499,775	64,073
Distribution to perpetual subordinated convertible securities										(6,300)
Deconsolidation of subsidiaries due to loss of control										(1,774)
Share of other capital reserve of associates accounted for using equity method										(637)
Subtotal										650,804	831,224	94,627
Balance at end of year								4,150,674		6,017,814	5,233,033	4,150,674
Parent company | Ordinary shares
Balance at beginning of year				19,664					16,830	19,664	17,012	16,830
Restated total equity at January 1, 2018											19,664
Issuance of ordinary shares										474	966
Cancellation of treasury stock										(76)
Exercise of stock options										97	130	140
Conversion options exercised - Equity component											1,556	42
Subtotal										495	2,652	182
Balance at end of year								17,012		20,159	19,664	17,012
Parent company | Share premium
Balance at beginning of year				4,827,619					4,903,861	4,827,619	4,950,948	4,903,861
Restated total equity at January 1, 2018											4,827,619
Issuance of ordinary shares										160,404	325,174
Cancellation of treasury stock										(19,981)
Share premium reduction											(910,849)
Exercise of stock options										25,121	35,178	36,064
Conversion options exercised - Equity component											427,168	11,023
Subtotal										165,544	(123,329)	47,087
Balance at end of year								4,950,948		4,993,163	4,827,619	4,950,948
Parent company | Equity-settled employee benefits reserve
Balance at beginning of year				64,978					70,459	64,978	65,703	70,459
Restated total equity at January 1, 2018											64,978
Exercise of stock options										(17,211)	(18,220)	(18,594)
Share-based compensation										10,912	17,495	13,838
Subtotal										(6,299)	(725)	(4,756)
Balance at end of year								65,703		58,679	64,978	65,703
Parent company | Foreign currency translation reserve
Balance at beginning of year				(497)					(3,956)	(497)	(22,087)	(3,956)
Restated total equity at January 1, 2018											(497)
Other comprehensive income (losses) for the year										(36,138)	21,590	(18,131)
Total comprehensive income (loss) for the year										(36,138)	21,590	(18,131)
Deconsolidation of subsidiaries due to loss of control										(1,774)
Subtotal										(1,774)
Balance at end of year								(22,087)		(38,409)	(497)	(22,087)
Parent company | Change in value of available-for-sale financial assets
Balance at beginning of year				(1,111)					447	(1,111)	1,245	447
Change in accounting policy											1,111
Other comprehensive income (losses) for the year											(2,356)	798
Total comprehensive income (loss) for the year											(2,356)	798
Balance at end of year								1,245			(1,111)	1,245
Parent company | Convertible bonds equity reserve
Balance at beginning of year				52,053					29,564	52,053	81,678	29,564
Restated total equity at January 1, 2018											52,053
Conversion options exercised - Equity component											(29,625)	(821)
Recognition of equity component of convertible bonds												52,935
Subtotal											(29,625)	52,114
Balance at end of year								81,678		52,053	52,053	81,678
Parent company | Defined benefit plan reserve
Balance at beginning of year				1,084						1,084	1,520
Restated total equity at January 1, 2018											1,084
Other comprehensive income (losses) for the year										129	(436)	1,520
Total comprehensive income (loss) for the year										129	(436)	1,520
Balance at end of year								1,520		1,213	1,084	1,520
Parent company | Cash flow hedges
Balance at beginning of year				516						516	(34,627)
Restated total equity at January 1, 2018											516
Other comprehensive income (losses) for the year										35,931	35,143	(34,627)
Total comprehensive income (loss) for the year										35,931	35,143	(34,627)
Balance at end of year								(34,627)		36,447	516	(34,627)
Parent company | Share of other comprehensive income of joint ventures accounted for using equity method
Balance at beginning of year				17,646						17,646
Change in accounting policy											(17,646)
Other comprehensive income (losses) for the year											17,646
Total comprehensive income (loss) for the year											17,646
Balance at end of year											17,646
Parent company | Others
Balance at beginning of year									130		131	130
Other comprehensive income (losses) for the year											(131)	1
Total comprehensive income (loss) for the year											(131)	1
Share of other capital reserve of associates accounted for using equity method										(637)
Subtotal										(637)
Balance at end of year								131		(637)		131
Parent company | Accumulated deficit
Balance at beginning of year				187,008					$ (1,287,479)	187,008	(910,849)	(1,287,479)
Change in accounting policy											16,535
Restated total equity at January 1, 2018											203,543
Profit for the year										134,055	179,679	376,630
Total comprehensive income (loss) for the year										134,055	179,679	376,630
Share premium reduction											910,849
Gain on transfer of business operation											7,329
Distribution to perpetual subordinated convertible securities										(6,300)
Subtotal										(6,300)	918,178
Balance at end of year								$ (910,849)		331,298	187,008	$ (910,849)
Parent company | Perpetual subordinated convertible securities
Balance at beginning of year				$ 64,073						64,073
Restated total equity at January 1, 2018											64,073
Perpetual subordinated convertible securities										499,775	64,073
Subtotal										499,775	64,073
Balance at end of year										$ 563,848	$ 64,073

Financial information of pare_7

Financial information of parent company - Statement of cash flow (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating activities
Profit for the year	$ 77,211,000	$ 126,423,000	$ 316,434,000
Adjustments for:
Expense recognized in respect of equity-settled share- based payments	11,661,000	18,214,000	14,210,000
Finance costs	24,278,000	18,021,000	23,037,000
Interest income	(64,339,000)	(27,090,000)	(11,243,000)
Impairment loss recognised on property, plant and equipment	990,000	0	7,529,000
Net loss (gain) on foreign exchange	8,632,000	26,101,000	(26,236,000)
Share of profit of investment accounted for using equity method	(21,203,000)	9,500,000	13,777,000
Operating cash flows before movements in working capital:	1,071,616,000	1,147,830,000	1,063,955,000
Decrease (increase) in trade and other receivables	(106,404,000)	59,084,000	(100,980,000)
Decrease (increase) in prepaid operating expenses	2,000,000	(6,722,000)	17,615,000
Decrease (increase) in other operating assets	6,660,000	2,938,000	1,576,000
Increase in trade and other payables	56,598,000	109,285,000	72,836,000
Increase (decrease) in other operating liabilities	17,866,000	(40,604,000)	25,031,000
Cash generated from operations	836,340,000	1,095,784,000	993,910,000
Interest paid	(47,850,000)	(34,086,000)	(27,497,000)
Interest received	34,840,000	19,425,000	12,464,000
Net cash generated from operating activities	799,426,000	1,080,686,000	977,202,000
Investing activities
Payments to acquire financial assets at fair value through profit or loss	(447,717,000)
Proceeds from sale of financial assets at fair value through profit or loss	540,166,000
Payments to acquire financial assets at amortized cost	(4,407,790,000)
Payments to acquire financial assets		(829,371,000)	(917,272,000)
Proceeds on sale of financial assets		186,509,000	1,175,768,000
Investment in subsidiaries			(73,216,000)
Payments for property, plant and equipment	(1,808,253,000)	(2,287,205,000)	(2,757,202,000)
Payments for intangible assets	(9,817,000)	(43,755,000)	(85,729,000)
Net cash used in investing activities	(3,197,261,000)	(2,662,139,000)	(2,443,333,000)
Financing activities
Proceeds from borrowings	782,402,000	1,194,659,000	1,239,265,000
Proceeds from issuance of new shares	160,878,000	326,351,000
Proceeds from issuance of convertible bonds			441,155,000
Proceeds from issuance of short-term and medium-term notes			314,422,000
Repayment of short-term notes		(87,858,000)
Proceeds from issuance of perpetual subordinated convertible securities	499,775,000	64,350,000
Distribution of perpetual subordinated convertible securities	(6,300,000)
Proceeds from exercise of employee stock options	8,076,000	17,105,000	17,610,000
Payments to acquire treasury shares	(20,057,000)
Net cash from financing activities	2,376,922,000	1,271,591,000	2,614,778,000
Net (decrease) increase in cash and cash equivalent	(20,913,000)	(309,862,000)	1,148,647,000
Cash and cash equivalent at the beginning of the year	1,838,300,000	2,126,011,000	1,005,201,000
Effects of exchange rate changes on the balance of cash held in foreign currencies	(16,413,000)	22,151,000	(27,837,000)
Cash and cash equivalent at the end of the year	1,786,420,000	1,838,300,000	2,126,011,000
Parent company
Operating activities
Profit for the year	134,055,000	179,679,000	376,630,000
Adjustments for:
Amortization of intangible assets and land use right	26,309,000	32,131,000	30,678,000
Depreciation of property, plant and equipment	13,843,000	10,706,000	8,062,000
Expense recognized in respect of equity-settled share- based payments	1,434,000	1,297,000	1,940,000
Finance costs	16,992,000	14,956,000	24,194,000
Interest income	(2,266,000)	(2,670,000)	(1,154,000)
Impairment loss recognised on property, plant and equipment	392,000
Net (gain) loss arising on financial liabilities at fair value through profit or loss	(749,000)	(3,554,000)	13,182,000
Net loss (gain) on foreign exchange	64,059,000	(63,087,000)	5,982,000
Share of profit of investment accounted for using equity method	(259,730,000)	(172,748,000)	(478,965,000)
Operating cash flows before movements in working capital:	(5,661,000)	(3,290,000)	(19,451,000)
Decrease (increase) in trade and other receivables	4,868,000	(2,374,000)	(1,727,000)
Decrease (increase) in prepaid operating expenses	130,000	243,000	(57,000)
Decrease (increase) in other operating assets	5,044,000	(7,710,000)	777,000
Increase in trade and other payables	543,000	5,168,000	1,354,000
Increase (decrease) in other operating liabilities	700,000	(5,534,000)	2,818,000
Cash generated from operations	5,624,000	(13,497,000)	(16,286,000)
Interest paid	(18,165,000)	(21,262,000)	(16,149,000)
Interest received	2,769,000	1,347,000	1,135,000
Net cash generated from operating activities	(9,772,000)	(33,412,000)	(31,300,000)
Investing activities
Payments to acquire financial assets at fair value through profit or loss	(119,200,000)
Proceeds from sale of financial assets at fair value through profit or loss	212,038,000
Payments to acquire financial assets at amortized cost	(40,000,000)
Payments to acquire financial assets		(92,000,000)	(6,000,000)
Proceeds on sale of financial assets		3,000,000	18,000,000
Investment in subsidiaries	(30,000,000)	(207,000,000)	(550,426,000)
Investment in associates	(15,790,000)	(15,095,000)	(63,796,000)
Payments for property, plant and equipment			(52,445,000)
Payments for intangible assets	(520,000)	(1,000,000)	(11,526,000)
Proceeds from disposal of available-for-sale investment			146,000
Cash paid for subsidiaries	(1,842,219,000)	(728,621,000)	(437,437,000)
Distributions received from associates	316,000	255,000
Net cash used in investing activities	(1,835,375,000)	(1,040,461,000)	(1,103,484,000)
Financing activities
Proceeds from borrowings			76,006,000
Proceeds from issuance of new shares	160,878,000	326,351,000
Proceeds from issuance of convertible bonds			441,155,000
Proceeds from issuance of short-term and medium-term notes			314,422,000
Repayment of short-term notes		(87,858,000)
Proceeds from issuance of perpetual subordinated convertible securities	499,775,000	64,350,000
Distribution of perpetual subordinated convertible securities	(6,300,000)
Proceeds from exercise of employee stock options	8,007,000	17,088,000	17,610,000
Payments to acquire treasury shares	(20,057,000)
Cash received from subsidiaries	1,172,202,000	572,320,000	487,050,000
Net cash from financing activities	1,814,505,000	892,251,000	1,336,243,000
Net (decrease) increase in cash and cash equivalent	(30,642,000)	(181,622,000)	201,459,000
Cash and cash equivalent at the beginning of the year	140,411,000	317,873,000	115,726,000
Effects of exchange rate changes on the balance of cash held in foreign currencies	(1,974,000)	4,160,000	688,000
Cash and cash equivalent at the end of the year	$ 107,795,000	$ 140,411,000	$ 317,873,000

Subsequent Events (Details)

Subsequent Events (Details) - Major ordinary share transactions - SMIC Hong Kong International Company Limited (formerly "SMIC Shanghai (HK) Company Limited") - LFoundry $ in Millions	Mar. 29, 2019USD ($)
Subsequent events
Proportion of ownership interest in subsidiary	70.00%
Consideration transferred, acquisition-date fair value	$ 112.8