UMC(UMC) - 2025 Q1 - Quarterly Report

Financial Position - As of March 31, 2025, total assets amounted to NT$572,962,283,000, a slight increase from NT$570,200,670,000 as of December 31, 2024[12] - Current assets reached NT$192,323,086,000, compared to NT$189,677,884,000 as of December 31, 2024, indicating a growth of approximately 1.9%[12] - Total liabilities were NT$652,673,000,000, up from NT$536,673,000,000 as of March 31, 2024, reflecting an increase of about 21.6%[13] - The company's equity attributable to the parent company was NT$125,583,590,000 as of March 31, 2025, slightly down from NT$125,607,164,000 as of December 31, 2024[13] - Total non-current assets were NT$380,639,197,000, showing a marginal increase from NT$380,522,793,000 as of December 31, 2024[12] Revenue and Profitability - Operating revenues for Q1 2025 reached NT$57,858,957, an increase from NT$54,632,099 in Q1 2024, representing a growth of approximately 4.1%[16] - Gross profit for Q1 2025 was NT$15,446,645, down from NT$16,899,430 in Q1 2024, indicating a decrease of about 8.6%[16] - Net income for Q1 2025 was NT$7,743,239, compared to NT$10,429,595 in Q1 2024, reflecting a decline of approximately 25.7%[16] - Total comprehensive income for Q1 2025 was NT$12,232,352, compared to NT$18,383,803 in Q1 2024, a decline of about 33.2%[17] Expenses and Costs - Research and development expenses increased to NT$3,963,703 in Q1 2025 from NT$3,407,407 in Q1 2024, marking an increase of about 16.3%[16] - The company recognized NT$40,360 million in operating costs for the three-month period ended March 31, 2025, compared to NT$35,375 million for the same period in 2024, representing an increase of 14.0%[59] Cash Flow and Liquidity - Cash generated from operations increased to $23,816,475 in Q1 2025, up from $20,143,385 in Q1 2024, representing a growth of 13.3%[22] - Net cash provided by operating activities rose to $23,825,705 in Q1 2025, compared to $20,819,871 in Q1 2024, an increase of 14.4%[22] - Cash and cash equivalents at the end of Q1 2025 were $106,353,757, down from $119,431,260 at the end of Q1 2024, a decrease of 10.9%[25] Investments and Financial Instruments - Investments accounted for under the equity method were NT$42,399,076,000, a decrease from NT$43,320,605,000 as of December 31, 2024[12] - Financial assets at fair value through profit or loss totaled $18,329,615 as of March 31, 2025, compared to $18,456,932 as of December 31, 2024[51] - Financial assets at fair value through other comprehensive income reached $17,632,064 as of March 31, 2025, up from $17,209,328 as of December 31, 2024[52] Debt and Liabilities - The total current portion of long-term loans was $5,617,402 as of March 31, 2025, compared to $5,528,409 as of December 31, 2024, indicating a slight increase of about 1.6%[99] - The total short-term loans as of March 31, 2025, decreased to $6,500,000 from $11,130,000 as of March 31, 2024, representing a reduction of approximately 41.5%[88] - Unsecured long-term loans from Bank of China decreased from $1,545,973 as of March 31, 2024, to $1,261,804 as of March 31, 2025, a reduction of approximately 18%[98] Shareholder Information - UMC's cash dividends for 2024 were NT$35,787,598, with a cash dividend per share of NT$2.85[112] - The total number of common shares issued as of March 31, 2025, was 12,558 million, with 433 million shares represented by ADSs traded on the NYSE[109] - UMC's dividend policy allows for cash dividends ranging from 20% to 100% and stock dividends from 0% to 80%[110] Other Comprehensive Income - Total other comprehensive income for the three-month period ended March 31, 2025, was NT$4,825,552, compared to NT$4,489,113 in 2024, showing an increase of 7.5%[141] - The company reported a share of profit or loss from associates and joint ventures of NT$(258,000,000) for the three-month period ended March 31, 2025, compared to NT$1,000,000 for the same period in 2024[8] Accounting Policies and Compliance - The company’s consolidated financial statements were prepared in accordance with IAS 34 "Interim Financial Reporting" and relevant regulations, ensuring compliance with financial reporting standards[41] - Significant accounting judgments and estimates applied in the financial statements for the three-month period ended March 31, 2025, are consistent with those from the previous year, indicating a stable approach to financial reporting[48]