Meaning law semiconductor announces 2018 money year the fourth quarter and annual money newspaper

the four seasons of · spends: Only run receives benefit of net of 16.8%; of business profit margin of; of 2.65 billion dollar 418 million dollar

· annual: Only run receives 9.66 billion dollar, grow 15.8% , business profit 1.4 billion dollar, profit of growth 39.3%; net 1.29 billion dollar, grow 60.4%

·2019 year business looks into first quarter: Only run receives median to restrain 2.1 billion dollar, median of wool interest rate is made an appointment with 39.0%

China, on January 25, 2019–Over or across is multiple the semiconductor supplier with the banner whole world of electronic application domain meaning law semiconductor (STMicroelectronics, code of stock exchange of abbreviation ST; new York: STM) was announced according to standard of American general accounting (U.S. GAAP) weaves sign up for up to the fourth quarter December 31, 2018 and annual money. This press release still includes data of finance affairs of standard of general accounting of blame United States (the detail consults appendix) .

Only run of the fourth quarter receives meaning law semiconductor for 2.65 billion dollar, wool interest rate is 40.0% , business profit margin is 16.8% , net profit is 418 million dollar, every booth small profit 0.46 dollars.

When president of meaning law semiconductor holds presiding apparitor Jean-Marc Chery concurrently to comment on the fourth quarter and annual outstanding achievement, express:

the four seasons of ·“ST spends not negative people’s expectations, outstanding achievement performance is steady, only run closes to part with business profit annulus compares growth 5.0% with 11.5% .

·“2018 year only run closes to grow 15.8% compared to the same period, get by video product, car product and power schism parts of an apparatus go up.

·“ to ST, 2018 it is important a year. Income of each product branch grows significantly, profit margin sheds driving also growth with business cash, accord with anticipate.

·“ is looked into 2019 business is behaved first quarter, we predict battalion receives median to restrain 2.1 billion dollar, drop compared to the same period about 5.7% , annulus is made an appointment with than dropping 20.7% , the front of market of a few terminal that serves in view of us is facing those who come from all sorts of adverse elements to last combined influence, especially normal first quarter market is seasonal the influence of the element. From the point of profit margin angle, we predict median of wool interest rate is about 39% .

·“2019 year, our main goal is to make financial outstanding achievement continues what we serve excel the overall level of the market, balance us to accept scale in the battalion of domain of terminal market and key application, continue to implement our technology, research and development and production strategy plan. Accordingly, we predict capital expenditure is between 100 million dollars of 12-13. ”

Summary of quarterly finance affairs (standard of American general accounting) (1)
Meaning law semiconductor announces 2018 money year the fourth quarter and annual money newspaper

(1) began to use the standard of ASU 2017-07 accounting that classifies afresh about certain pension cost to update on January 1, 2018 for report edition, the certain amount of before a few quarters has been done adjust accordingly.

Summary of year finance affairs (standard of American general accounting) (1)
Meaning law semiconductor announces 2018 money year the fourth quarter and annual money newspaper

1) began to use the standard of ASU 2017-07 accounting that classifies afresh about certain pension cost to update on January 1, 2018 for report edition, the certain amount of before a few quarters has been done adjust accordingly.
Meaning law semiconductor announces 2018 money year the fourth quarter and annual money newspaper

1) is reflect 2018 money year the influence of new accountant standard to financial forms for reporting statistics, our company adjusted 2017 money year the financial amount of the 3rd quarter. New accountant standard asks to compare period can turn debt trades settle accounts is implicit business cash of interest rate classify flows.

The capital expenditure that the four seasons spent 2018 (after deducting asset sales revenue) for 279 million dollar, 2018 annual are 1.26 billion dollar. Expenditure of net capital of the corresponding period was 407 million dollar last year, 2017 annual 1.3 billion dollar.

The inventory of this quarterly end is 1.56 billion dollar, under go up the 1.59 billion dollar first quarter. Number of day of turnover of season end stock is 88 days, under go up 95 days of first quarter.

Cash of freedom of the fourth quarter flows (standard of general accounting of blame United States) for 363 million dollar, than last year the corresponding period grows 150.3% , 2018 annual are 533 million dollar, grow 73.1% than 2017.

The fourth quarter of company pays cash dividend total 54 million dollar, 2018 annual pay 216 million dollar. the four seasons is spent, meaning law semiconductor counter-purchased the company stock of 62.5 million dollar.

Up to on December 31, 2018, the clean financial standing of meaning law semiconductor (standard of general accounting of blame United States) for 686 million dollar, and was 447 million dollar on September 29, 2018, financial capacity add up to 2.6 billion dollar, financial liability total 1.91 billion dollar.

Business is looked into

2019 the company is direct first quarter target:

· only run receives predicting annulus to make an appointment with 20.7%(to drop compared to the same period than reducing make an appointment with 5.7%) , drift up and down; of 350 base point

· wool interest rate is about 39.0% , drift up and down; of 200 base point

· is looked into originally be based on hypothesis 2019 the dollar is right first quarter euro exchange rate euro of = 1.00 of about 1.16 dollars, include to be covered currently period the influence of the contract that keep a cost.

· settle accounts day is first quarter on March 30, 2019.

2019, expenditure of capital of meaning law semiconductor predicts to be 12-13 about 100 million dollars.

Only run receives annulus comparing to grow 5.0% , the median of directer than the company aim is low 70 base point, small controller offsetted the partial income of video product, car product and power schism parts of an apparatus grows the four seasons of; to spend only run to close to grow 7.4% compared to the same period, ministry of car and product of all fronts of ministry of product of schism parts of an apparatus, video product and digital product ministry all achieve two digit growth. OEM sale and cent sell income to grow respectively compared to the same period 8.9% with 4.1% .

Total of gross profit profit 1.06 billion dollar, grow 5.6% compared to the same period. Gross profit is led 40.0% , the median of directer than the company aim is 20 tall base point. Wool interest rate drops compared to the same period 70 base point, main reason is to be covered period the negative effect that preserves the foreign currency element after be worth net income, the product sets the price pressure with also offsetted normal greatly with the promotion of production efficiency.

Business profit is 443 million dollar, compare the 411 million dollar of quarter of the corresponding period rose 7.9% last year, be attributed to car and profit margin of product of schism parts of an apparatus to rise. The business profit margin of the company rises 10 base point compared to the same period, occupy 16.8% what close to only run, and the fourth quarter was 2017 16.7% .

Product branch compared to the same period:

Car and ministry of career of product of schism parts of an apparatus (ADG)

· car and two-step of implementation of sales revenue of power schism product count growth.

· business profit grows 39.0% , reach 141 million dollar. Business profit margin increases 220 base point, come from 12.4% litres 14.6% .

Imitate parts of an apparatus, MEMS and ministry of sensor product career (AMS)

Income of · video product realizes double digit to grow, at the same time product of imitate parts of an apparatus and MEMS also realize odd digit to grow.

· business profit grows 7.7% , reach 202 million dollar. Business profit margin 20.5% , was last year 20.8% .

Small controller and ministry of career of digital IC product (MDG)

Battalion of · number IC receives implementation two-step to count growth, small controller / memory drops compared to the same period.

· business profit is reduced 16.1% , add up to 122 million dollar. Business profit margin from 19.7% fall to 17.7% .

Small profit of net profit and every booth is mixed for 418 million dollar respectively 0.46 dollars, and the corresponding period was mixed for 308 million dollar respectively last year 0.34 dollars.

Cash shedding and balance sheet summary
Meaning law semiconductor announces 2018 money year the fourth quarter and annual money newspaper

2018 money year the fourth quarter brief judge

Since January 1, 2018, subsystem career ministry from other turn to imitate parts of an apparatus, MEMS and sensor product (AMS) branch. Early days number already did corresponding adjustment.

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