Financial Position - As of September 30, 2024, total assets of United Microelectronics Corporation amounted to NT$574,292,437 thousand, an increase from NT$547,270,956 thousand as of September 30, 2023, representing a growth of approximately 4.2%[12] - Current assets decreased to NT$193,608,328 thousand as of September 30, 2024, down from NT$219,280,222 thousand as of September 30, 2023, reflecting a decline of about 11.7%[12] - Total non-current assets increased to NT$380,684,109 thousand as of September 30, 2024, compared to NT$327,990,734 thousand as of September 30, 2023, showing an increase of approximately 16.0%[12] - Total liabilities as of September 30, 2024, amounted to $205.8 billion, an increase from $197.3 billion on September 30, 2023, representing a growth of approximately 4.8%[16] - Current liabilities totaled $88.3 billion as of September 30, 2024, compared to $92.1 billion a year earlier, indicating a decrease of about 4.1%[16] - Non-current liabilities reached $117.5 billion, up from $105.2 billion in the previous year, reflecting an increase of approximately 11.7%[16] - The equity attributable to the parent company was $368.2 billion as of September 30, 2024, compared to $349.7 billion a year prior, showing a growth of about 5.3%[16] - Total equity increased to $368.5 billion from $350.0 billion, marking a rise of about 5.4% year-over-year[16] Revenue and Income - Operating revenues for Q3 2023 were $57,068,867, an increase from $40,056,240 in Q3 2022, representing a growth of approximately 42.5%[19] - Net income for Q3 2023 reached $15,965,792, up from $11,965,792 in Q3 2022, indicating a growth of approximately 33.3%[19] - For the nine-month period ended September 30, 2023, net income was $47,794,836, with total comprehensive income of $58,020,170[22] - The company anticipates continued growth in revenues and net income for the upcoming quarters, driven by new product launches and market expansion strategies[19] Expenses and Costs - Total operating expenses for Q3 2023 were $36,607,915, compared to $28,000,000 in Q3 2022, reflecting an increase of approximately 30.9%[19] - Research and development expenses for Q3 2023 totaled $3,255,295, up from $2,401,919 in Q3 2022, which is an increase of approximately 35.6%[19] - The company recognized total other comprehensive loss of $(2,298,651) for the three-month period ended September 30, 2024, compared to a loss of $(1,789,949) in the same period of 2023[198] - The company reported total net other operating income of $961,732 for the nine-month period ended September 30, 2024, significantly lower than $2,750,179 in the same period of 2023[195] Cash Flow - Cash generated from operations for the nine-month period was NT$66,193,708, down from NT$69,403,913 in 2023, reflecting a decrease of 3.2%[24] - Net cash provided by operating activities increased to NT$60,894,868, compared to NT$59,782,937 in the previous year, showing a growth of 1.9%[24] - Total cash and cash equivalents at the end of the period were NT$103,407,426, down from NT$140,641,550 in 2023, representing a decrease of 26.5%[26] Investments - Investments accounted for under the equity method increased to NT$46,844,945 thousand as of September 30, 2024, compared to NT$43,163,604 thousand as of September 30, 2023, marking an increase of approximately 6.2%[12] - The fair value of investments with published price quotations was NT$44,783 million as of September 30, 2024, compared to NT$50,364 million in 2023, indicating a decline of 11.2%[82] - Cash dividends from investments accounted for under the equity method for the nine-month period ended September 30, 2024, were NT$974 million, down from NT$1,870 million in 2023, a decrease of approximately 48.0%[81] Shareholder Equity - The company reported retained earnings of $181.5 billion, an increase from $170.3 billion on September 30, 2023, representing a growth of approximately 6.6%[16] - Cash dividends for the nine-month period ended September 30, 2024, amounted to $37,587,102, with a net income of $38,714,347[22] - Cash dividends for 2023 were set at NT$3.00 per share, down from NT$3.60 per share in 2022, with total cash dividends amounting to NT$37,587,102 compared to NT$45,017,096 in 2022[158][159] Debt and Liabilities - Total long-term loans as of September 30, 2024, amounted to $33,550,489, an increase from $20,656,248 as of December 31, 2023, representing a growth of 62.5%[129] - The total bonds payable as of September 30, 2024, was $33,403,417, a decrease from $38,359,352 as of December 31, 2023[113] - Unsecured bank loans as of September 30, 2024, were $17,068,900, an increase from $13,530,000 as of December 31, 2023[111] Employee Compensation - Total employee benefit expenses reached $27,895,970, a decrease from $29,120,388 in the same period of 2023[189] - Employee compensation distributed in cash for 2023 was $5,439,059, down from $9,160,485 in 2022[192] Other Comprehensive Income - The company reported a share of other comprehensive income (loss) from associates and joint ventures of NT$(65) million for the three-month period ended September 30, 2024, which accounted for (0.53)% of the consolidated total comprehensive income[7] - The share of other comprehensive income (loss) from associates and joint ventures for the three-month period ended September 30, 2024, was NT$(65) million, compared to NT$226 million in 2023[83]
UMC(UMC) - 2024 Q3 - Quarterly Report