Net operating revenues in 4Q17 declined 2.8% to NT$36.63 billion, including NT$36.54 billion from the foundry segment. Revenue contribution from 40nm and below technologies remained at 45%. Gross profit declined 4.5% to NT$6.30 billion, or 17.2% of revenue. Operating expenses decreased 3.8% to NT$5.20 billion. Net other operating income was NT$801 million, leading to operating income of NT$1.90 billion. Net non-operating expense was NT$0.15 billion. Net income attributable to stockholders of the parent was NT$1.77 billion.

Earnings per ordinary share for the quarter was NT$0.15. Earnings per ADS was US$0.025. The basic weighted average number of outstanding shares in 4Q17 was 12,208,239,978, compared with 12,208,239,978 shares in 3Q17 and 12,208,239,978 shares in 4Q16. The diluted weighted average number of outstanding shares was 13,474,873,551 in 4Q17, compared with 13,441,188,010 shares in 3Q17 and 13,442,173,503 shares in 4Q16. The fully diluted share count on December 31, 2017 was approximately 13,890,953,000. On December 31, 2017, UMC held 400 million treasury shares acquired from the 16th and 17th share buy-back programs.

Detailed Financials Section

COGS & Expenses
(Amount: NT$ million)		4Q17		3Q17		QoQ % change		4Q16		YoY % change
Net Operating Revenues		36,631		37,698		(2.8)		38,306		(4.4)
COGS		(30,333)		(31,106)		(2.5)		(29,547)		2.7
Depreciation		(10,990)		(11,145)		(1.4)		(11,314)		(2.9)
Other Mfg. Costs		(19,343)		(19,961)		(3.1)		(18,233)		6.1
Gross Profit		6,298		6,592		(4.5)		8,759		(28.1)
Gross Margin (%)		17.2%		17.5%				22.9%
Operating Expenses		(5,198)		(5,404)		(3.8)		(6,627)		(21.6)
G&A		(1,164)		(991)		17.5		(1,521)		(23.5)
Sales & Marketing		(944)		(1,070)		(11.8)		(1,282)		(26.4)
R&D		(3,090)		(3,343)		(7.6)		(3,824)		(19.2)
Net Other Operating Income & Expenses		801		441		81.6		144		456.3
Operating Income		1,901		1,629		16.7		2,276		(16.5)

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