UMC Reports Second Quarter 2021 Results

Operating revenues in 2Q21 increased 8.1% to NT$50.91 billion partly reflected by slightly higher wafer shipment and the enhancement in blended product mix. Revenue contribution from 40nm and below technologies was 38%. Gross profit grew 27.3% QoQ to NT$15.91 billion, or 31.3% of revenue. Operating expenses increased 4.5% to NT$6.20 billion. Net other operating income increased to NT$1.61 billion. Net non-operating income was NT$1.88 billion. Net income attributable to shareholders of the parent increased to NT$11.94 billion.

Earnings per ordinary share for the quarter was NT$0.98. Earnings per ADS was US$0.176. The basic weighted average number of outstanding shares in 2Q21 was 12,206,292,756, compared with 12,206,292,756 shares in 1Q21 and 12,193,149,897 shares in 2Q20. The diluted weighted average number of outstanding shares was 12,382,592,798 in 2Q21, compared with 12,381,821,873 shares in 1Q21 and 12,262,774,432 shares in 2Q20. The fully diluted shares counted on June 30, 2021 were approximately 12,398,671,000.

Detailed Financials Section

COGS & Expenses

(Amount: NT$ million)

2Q21

1Q21

QoQ %
change

2Q20

YoY %
change

Operating Revenues

50,908

47,097

8.1

44,386

14.7

COGS

(35,000)

(34,603)

1.1

(34,129)

2.6

Depreciation

(10,187)

(10,412)

(2.2)

(10,544)

(3.4)

Other Mfg. Costs

(24,813)

(24,191)

2.6

(23,585)

5.2

Gross Profit

15,908

12,494

27.3

10,257

55.1

Gross Margin (%)

31.3%

26.5%

 

23.1%

 

Operating Expenses

(6,201)

(5,932)

4.5

(5,677)

9.2

G&A

(1,901)

(1,806)

5.2

(1,537)

23.5

Sales & Marketing

(1,131)

(1,089)

3.8

(929)

21.8

R&D

(3,168)

(3,049)

3.9

(3,203)

(1.1)

Expected Credit Impairment Gain (Loss)

(1)

12

-

(8)

(81.3)

Net Other Operating Income & Expenses

1,606

1,060

51.6

1,266

26.9

Operating Income

11,313

7,622

48.4

5,846

93.5


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