UMC(UMC)2025-04-24 10:22Financial Position - As of December 31, 2024, the total assets of United Microelectronics Corporation amounted to NT$570,200,677 thousand, an increase from NT$559,186,927 thousand in 2023, representing a growth of approximately 1.8%[30] - The company's total current assets decreased to NT$189,677,884 thousand in 2024 from NT$216,797,392 thousand in 2023, a decrease of approximately 12.5%[30] - The total non-current assets increased to NT$380,522,793 thousand in 2024 from NT$342,389,535 thousand in 2023, reflecting a growth of approximately 11.2%[30] - Total liabilities decreased to $192,015,673 in 2024 from $199,608,355 in 2023, a decline of about 3.3%[33] - Total current liabilities decreased to $75,260,189 in 2024 from $99,014,733 in 2023, a reduction of approximately 24%[33] - Total non-current liabilities increased to $116,755,484 in 2024, up from $100,593,622 in 2023, an increase of about 16%[33] - Total equity attributable to the parent company rose to $377,928,391 in 2024, compared to $359,237,713 in 2023, an increase of approximately 5.2%[33] Revenue and Profitability - Operating revenues for 2024 reached $232,302,584, an increase of 4% from $222,533,000 in 2023[35] - Gross profit decreased to $75,654,080 in 2024, down from $77,743,838 in 2023, reflecting a decline of approximately 2.7%[35] - Net income for 2024 was $47,106,256, a decrease of 23.4% compared to $61,439,817 in 2023[35] - Earnings per share (basic) fell to $3.80 in 2024 from $4.93 in 2023, representing a decline of 23%[35] - The company reported a total comprehensive income of $55,407,240 in 2024, down from $67,857,743 in 2023, a decrease of about 18.3%[35] Cash Flow and Investments - Cash generated from operations increased to NT$98,761,663 in 2024, compared to NT$94,809,302 in 2023, reflecting a growth of 4.1%[41] - Net cash provided by operating activities rose to NT$93,872,042 in 2024, up from NT$85,999,709 in 2023, indicating an increase of 9.8%[41] - Net cash used in investing activities decreased to NT$85,941,103 in 2024 from NT$97,786,542 in 2023, a reduction of 12.1%[41] - Cash dividends paid in 2024 were NT$37,585,606, down from NT$45,014,783 in 2023, representing a decrease of 16.3%[41] - The company reported a net decrease in cash and cash equivalents of NT$27,553,389 in 2024, compared to a decrease of NT$41,265,162 in 2023, showing an improvement of 33.2%[41] Assets and Liabilities - The company's cash and cash equivalents decreased to NT$105,000,226 thousand in 2024 from NT$132,553,615 thousand in 2023, reflecting a decline of about 20.8%[30] - Property, plant, and equipment increased significantly to NT$279,059,037 thousand in 2024, up from NT$239,123,248 thousand in 2023, marking an increase of about 16.7%[30] - The balance of unappropriated earnings as of December 31, 2024, is $190,120,643, highlighting retained earnings growth[37] - The acquisition of property, plant, and equipment in 2024 was NT$88,543,595, slightly lower than NT$91,473,668 in 2023, a decrease of 3.2%[41] Research and Development - Research and development expenses increased to $15,616,039 in 2024, up from $13,283,830 in 2023, reflecting a growth of approximately 17.5%[35] Changes in Ownership and Investments - The percentage of ownership in WAVETEK MICROELECTRONICS CORPORATION decreased from 80.00% in 2023 to 79.54% in 2024[69] - The company experienced changes in subsidiaries' ownership resulting in a net impact of $11,519 for the year 2024[37] - Cash dividends from investments accounted for under the equity method decreased to NT$1,071 million in 2024 from NT$1,870 million in 2023, reflecting a decline of approximately 42.6%[184] Compliance and Accounting Standards - The Company is currently evaluating the potential impact of new IFRS standards on its financial position and performance, with disclosures to follow upon completion of the evaluation[60] - The Company’s consolidated financial statements are prepared in accordance with IFRSs endorsed by the FSC, ensuring compliance with relevant regulations[61] - The company's consolidated financial statements are presented in New Taiwan Dollars (NTD), which is also the parent company's functional currency[78] Miscellaneous - The company executed a capital reduction and refunded NT$760 million from TRIKNIGHT in 2024, compared to NT$960 million in 2023, indicating a decrease of approximately 20.8%[188] - The company has various lease agreements with terms ranging from 2 to 31 years, with land use rights extending to 50 years, indicating a long-term commitment to its operational infrastructure[199]