Wafer foundry UMC (2303-TW)(UMC-US) today (27) announced the second quarter financial report, the gross profit margin stood at the 40% mark for two consecutive quarters, reaching 46.5%, exceeding the 45% estimated by the financial forecast, and the net profit following tax was 21.327 billion yuan, a quarterly increase of 7.7%, an annual increase of 7.7%. It increased by 78.6%, and the net profit per share was 1.74 yuan, a new high. In the first half of the year, the profit per share was 3.35 yuan.
UMC’s revenue in the second quarter was 72.055 billion yuan, a quarterly increase of 13.6%, an annual increase of 41.5%, a gross profit margin of 46.5%, a quarterly increase of 3.1 percentage points, an annual increase of 15.2 percentage points, a profit rate of 39.1%, a quarterly increase of 3.9 percentage points, an annual increase of 3.1 percentage points The net profit following tax was 21.327 billion yuan, a quarterly increase of 7.7% and an annual increase of 78.6%, and the net profit per share was 1.74 yuan.
In the first half of the year, UMC’s revenue was 135.478 billion yuan, an annual increase of 38.2%, a gross profit margin of 45%, an annual increase of 16 percentage points, a profit rate of 37.3%, an annual increase of 18 percentage points; following-tax net profit of 41.134 billion yuan, an annual increase of 83.9%, each The net profit of the shares was 3.35 yuan.
The expanded 10,000-piece capacity of UMC Nanke’s Fab 12A P5 factory will enter mass production in the second quarter, increasing the total capacity by regarding 4-5%. UMC’s original forecast predicts that wafer shipments will increase by 4-5% quarter-on-quarter, ASP will increase by 3-4% quarter-on-quarter in US dollars, capacity utilization will remain at 100%, and gross profit margin will be close to 45%.
Wang Shi, co-general manager of UMC, pointed out that, driven by the continued strong demand for UMC’s differentiated processes in the end market, the overall wafer shipments increased by 4.3% compared with the previous quarter. The increase in average selling price and favorable exchange rate have raised the gross profit margin to 46.5%.
Wang Shi said, driven by the new production capacity of Nanke’s Fab 12A plant P5 and the start of mass production in the second quarter, and driven by the demand for OLED display drivers, image processing, WiFi and automotive applications, the revenue of the 22/28nm product portfolio was higher than that of the previous quarter. Growth of 29%, accounting for regarding 22% of the company’s overall wafer revenue.
