UMC(UMC)2023-05-14 16:00Financial Position - Total assets as of March 31, 2023, reached NT$549,631,114 thousand, an increase from NT$533,052,092 thousand as of December 31, 2022, representing a growth of 3.3%[12] - Current assets decreased to NT$241,967,215 thousand as of March 31, 2023, from NT$252,371,038 thousand as of December 31, 2022, a decline of 4.3%[12] - Total non-current assets increased to NT$307,663,899 thousand as of March 31, 2023, from NT$280,681,054 thousand as of December 31, 2022, reflecting a growth of 9.6%[12] - Total liabilities as of March 31, 2023, were $194,081,051, a slight decrease from $197,601,153 as of December 31, 2022[15] - Total equity attributable to the parent company increased to $355,205,636 from $335,107,260 as of December 31, 2022, representing a growth of 6.5%[15] Revenue and Profitability - Operating revenues for Q1 2023 were $54,209,447, a decrease of 14.4% compared to $63,422,820 in Q1 2022[18] - Gross profit for Q1 2023 was $19,224,440, down 30.1% from $27,504,330 in Q1 2022[18] - Net income for Q1 2023 was $16,384,547, a decline of 18.4% from $20,065,623 in Q1 2022[18] - Total comprehensive income for Q1 2023 was $19,709,634, compared to $21,487,507 in Q1 2022, indicating a decline of 8.3%[18] - Operating income for Q1 2023 was $14,480,698, down 35.1% from $22,334,187 in Q1 2022[18] Cash Flow and Investments - Cash generated from operations for the three-month period ended March 31, 2023, was $28,733,130, compared to $30,340,563 in 2022, indicating a decrease of about 5.3%[23] - Cash flows from investing activities showed a net outflow of $29,586,209 compared to an inflow of $14,752,138 in the same period last year[25] - The acquisition of property, plant, and equipment amounted to $29,756,200, significantly higher than $10,802,553 in the previous year[25] - The company reported an increase in guarantee deposits of $2,327,873 compared to a decrease of $2,119 in the same period last year[25] Assets and Liabilities - Accounts receivable, net, fell to NT$26,674,425 thousand as of March 31, 2023, down 26.8% from NT$36,444,510 thousand as of December 31, 2022[12] - Inventories, net, increased to NT$32,678,867 thousand as of March 31, 2023, compared to NT$31,069,960 thousand as of December 31, 2022, reflecting a rise of 5.2%[12] - Current liabilities totaled $105,885,984 as of March 31, 2023, a decrease from $108,565,165 as of December 31, 2022[15] - The company reported a net gain of financial assets and liabilities at fair value through profit or loss of $(705,829) for the three-month period ended March 31, 2023, compared to $(2,417,830) in 2022, showing an improvement[23] Shareholder Information - Earnings per share for Q1 2023 were $1.31, compared to $1.61 in Q1 2022, reflecting a decrease of 18.6%[18] - The company reported a net income attributable to non-controlling interests of $201,545 for Q1 2023, compared to $258,088 in Q1 2022, a decrease of 22%[109] - Cash dividends for 2022 were set at NT$3.60 per share, totaling $45,017,096, marking the first cash dividend distribution since 2021[106] Research and Development - Research and development expenses for Q1 2023 were $2,766,607, a decrease from $3,032,939 in Q1 2022[18] Financial Instruments and Risk Management - The company has a liquidity risk management strategy that includes maintaining a balance between funding continuity and flexibility through cash, bank loans, bonds, and leases[184] - The Company limits credit risk by trading only with approved and creditworthy third parties and monitoring accounts receivable balances[181] - A 10% strengthening of NTD against USD would decrease profit by NT$988 million for the three-month period ended March 31, 2023[173] Accounting and Compliance - The company continues to evaluate the impact of newly issued accounting standards on its financial position and performance[40] - The company utilizes valuation techniques that maximize the use of observable inputs and minimize unobservable inputs for fair value measurement[194]