|
Fab / (Wafer Size) |
4Q13 |
3Q13 |
|
Shanghai Mega Fab (8") |
90,000 |
90,000 |
|
Shanghai 12-inch Fab (12") |
27,000 |
24,750 |
|
Beijing Mega Fab (12") |
81,000 |
81,000 |
|
Tianjin Fab (8") |
36,000 |
36,000 |
|
Total monthly wafer fabrication capacity |
234,000 |
231,750 |
Note:
|
* |
Wafers per month at the end of the period in 8" equivalent wafers, calculated on a 30-day basis for comparison purposes |
- Monthly capacity increased to 234,000 8-inch equivalent wafers in 4Q13 from 231,750 8-inch equivalent wafers in 3Q13, primarily due to the expansion of capacity in our Shanghai 12-inch fab.
Shipment and Utilization
|
8" equivalent wafers |
4Q13 |
3Q13 |
QoQ |
4Q12 |
YoY |
|
Wafer shipments |
601,602 |
653,090 |
-7.9% |
608,372 |
-1.1% |
|
Utilization rate(1) |
87.4% |
88.2% |
- |
90.5% |
- |
|
| |||||
|
Note: (1) Based on total equivalent wafers out divided by estimated total quarterly capacity. | |||||
Detailed Financial Analysis
Gross Profit Analysis
|
Amounts in US$ thousands |
4Q13 |
3Q13 |
QoQ |
4Q12 |
YoY |
|
Cost of sales |
398,858 |
422,274 |
-5.5% |
389,127 |
2.5% |
|
Depreciation |
113,289 |
126,433 |
-10.4% |
112,290 |
0.9% |
|
Other manufacturing costs |
284,327 |
294,374 |
-3.4% |
276,367 |
2.9% |
|
Share-based compensation |
1,242 |
1,467 |
-15.3% |
470 |
164.3% |
|
Gross profit |
92,939 |
111,982 |
-17.0% |
96,767 |
-4.0% |
|
Gross margin |
18.9% |
21.0% |
- |
19.9% |
- |
- Cost of sales was $398.9 million in 4Q13, down 5.5 % QoQ from $422.3 million in 3Q13.
- Depreciation within the cost of sales decreased to $113.3 million in 4Q13, compared to $126.4 million in 3Q13 mainly due to a decrease of wafer shipments in 4Q13.
- Other manufacturing costs within the cost of sales decreased to $284.3 million in 4Q13, compared to $294.4 million in 3Q13.
- Gross profit was $92.9 million in 4Q13, a decrease of 17.0 % QoQ from $112.0 million in 3Q13.
- Gross margin was 18.9% in 4Q13, down from 21.0% in 3Q13 primarily due to product mix change, lower utilization and higher provision for customer claim in 4Q13.
