Earnings per ordinary share for the quarter was NT$0.28. Earnings per
ADS was US$0.048. The basic weighted average number of outstanding
shares in 1Q18 was 12,202,773,078, compared with 12,208,239,978 shares
in 4Q17 and 12,208,239,978 shares in 1Q17. The diluted weighted average
number of outstanding shares was 13,457,161,259 in 1Q18, compared with
13,474,873,551 shares in 4Q17 and 13,418,016,296 shares in 1Q17. The
fully diluted share count on March 31, 2018 was approximately
13,839,101,000. On March 31, 2018, UMC held 440 million treasury shares
acquired from the 16th, 17th and 18th share buy-back programs.
Detailed Financials Section
Net operating revenues grew 2.4% to NT$37.50 billion. COGS increased to NT$32.86 billion, as depreciation increased 7.5% to NT$11.82 billion. Other manufacturing costs increased 8.8% to NT$21.04 billion mainly from higher wafer shipments. Gross profit was NT$4.64 billion. Operating expenses declined 6.7% to NT$4.85 billion. General and Administrative (G&A) expenses decreased 12.6% to NT$1.02 billion. Sales & Marketing declined 3.7% to NT$0.91 billion and R&D expense fell 5.4% to NT$2.92 billion, or 7.8% of net operating revenues. Net other operating income was NT$977 million, leading to an operating income of NT$769 million.
| COGS & Expenses | |||||||||||||||||||||||||||
| (Amount: NT$ million) | 1Q18 | 4Q17 |
QoQ %
change |
1Q17 |
YoY %
change |
||||||||||||||||||||||
| Net Operating Revenues | 37,497 | 36,631 | 2.4 | 37,418 | 0.2 | ||||||||||||||||||||||
| COGS | (32,855 | ) | (30,333 | ) | 8.3 | (29,990 | ) | 9.6 | |||||||||||||||||||
| Depreciation | (11,815 | ) | (10,990 | ) | 7.5 | (11,032 | ) | 7.1 | |||||||||||||||||||
| Other Mfg. Costs | (21,040 | ) | (19,343 | ) | 8.8 | (18,958 | ) | 11.0 | |||||||||||||||||||
| Gross Profit | 4,642 | 6,298 | (26.3 | ) | 7,428 | (37.5 | ) | ||||||||||||||||||||
| Gross Margin (%) | 12.4 | % | 17.2 | % | 19.9 | % | |||||||||||||||||||||
| Operating Expenses | (4,850 | ) | (5,198 | ) | (6.7 | ) | (6,211 | ) | (21.9 | ) | |||||||||||||||||
| G&A | (1,017 | ) | (1,164 | ) | (12.6 | ) | (1,050 | ) | (3.1 | ) | |||||||||||||||||
| Sales & Marketing | (909 | ) | (944 | ) | (3.7 | ) | (1,170 | ) | (22.3 | ) | |||||||||||||||||
| R&D | (2,924 | ) | (3,090 | ) | (5.4 | ) | (3,991 | ) | (26.7 | ) | |||||||||||||||||
|
Net Other Operating
Income & Expenses |
977 | 801 | 22.0 | 154 | 534.4 | ||||||||||||||||||||||
| Operating Income | 769 | 1,901 | (59.5 | ) | 1,371 | (43.9 | ) | ||||||||||||||||||||
