UMC announced on May 7th that its combined revenue for April was NT $19.741 billion, a monthly increase of 8.67% and an annual increase of 6.93%, reaching a new high in revenue in 16 months. Accumulated consolidated revenue in the first four months of this year was 74.373 billion yuan, an annual increase of 2.34%.
UMC's consolidated revenue in the first quarter of this year was 54.63 billion yuan, a decrease of 0.6% from the previous quarter's 54.96 billion yuan, and an increase of 0.8% in this quarter's consolidated revenue compared to the same period in 2023's 54.21 billion yuan. In the first quarter, the gross profit margin reached 30.9%, the operating profit margin was 21.4%, the net profit attributable to the parent company was 10.46 billion yuan, and the net profit per common share was 0.84 yuan.
Looking ahead to the second quarter, UMC expects a moderate increase in revenue compared to the first quarter.
On April 24th, UMC held a legal conference, and General Manager Wang Shi stated that with the improvement of 22/28nm demand in the second quarter, the estimated quarterly increase in shipment volume is 1% to 3%, and the average selling price (ASP) is approximately the same as the previous quarter. At the same time, the 3DIC solution has also been adopted by customers, with the first application being RF front-end modules, which are expected to be mass-produced this year.
Wang Shi pointed out that UMC still holds an optimistic view on this year, expecting the revenue in the first quarter of this year to be at the bottom, but the main reason is still the global economic environment, so customers often use urgent orders. Based on inventory, the overall industry inventory continues to improve at this stage, with inventory in the computer, consumer, and communication sectors gradually returning to a relatively healthy level; However, in the automotive and industrial sectors, demand remains sluggish due to lower than expected inventory digestion speed.
