- Revenue increased by 2.3% QoQ from $769.7 million in 3Q17 to $787.2 million in 4Q17 mainly due to an increase of wafer shipment in 4Q17.
- Cost of sales was $638.7 million in 4Q17, an increase of 7.8% QoQ from $592.4 million in 3Q17.
- Gross profit was $148.5 million in 4Q17, a decrease of 16.2% QoQ from $177.3 million in 3Q17.
- Gross margin was 18.9% in 4Q17, as compared to 23.0% in 3Q17, primarily due to a product-mix change in 4Q17.
- Operating expenses were $145.3 million in 4Q17, a decrease of 6.0% QoQ from $154.6 million in 3Q17, mainly due to the reasons stated in Operating Expenses (Income) Analysis below.
- Other income (expense), net was $6.1 million loss in 4Q17, as compared to $7.3 million gain in 3Q17. The change was mainly due to the reasons stated in Other Income (Expense), Net below.
- Share of other comprehensive income of joint ventures accounted for using equity method was $11.8 million in 4Q17, compared to $5.9 million in 3Q17. The amount was recognized as the Group's share of the change in value of available-for-sale financial assets of the joint ventures, which are all unlisted companies invested indirectly through China IC Capital Co., Ltd (a wholly-owned investment fund company of the Company).
- Non-controlling Interests were $49.4 million losses in 4Q17, as compared to $4.7 million gains in 3Q17, mainly due to the allocation of the annual advanced technology R&D expenses to Semiconductor Manufacturing North China (Beijing) Corporation (the Company's majority-owned subsidiary in Beijing) in 4Q17.
Analysis of Revenue
|
Revenue Analysis |
|
|
|
|
By Application |
4Q17 |
3Q17 |
4Q16 |
|
Computer |
6.6% |
5.8% |
3.9% |
|
Communications |
42.5% |
45.3% |
44.3% |
|
Consumer |
37.6% |
37.0% |
37.4% |
|
Auto/Industrial |
8.8% |
8.1% |
7.0% |
|
Others |
4.5% |
3.8% |
7.4% |
|
By Service Type |
4Q17 |
3Q17 |
4Q16 |
|
Wafers |
99.7% |
98.4% |
96.4% |
|
Mask making, testing, others |
0.3% |
1.6% |
3.6% |
|
By Geography |
4Q17 |
3Q17 |
4Q16 |
|
North America |
38.1% |
41.9% |
33.2% |
|
China(1) |
51.3% |
45.7% |
47.8% |
|
Eurasia(2) |
10.6% |
12.4% |
19.0% |
|
Wafer Revenue Analysis |
|
|
|
|
By Technology |
4Q17 |
3Q17 |
4Q16 |
|
28 nm |
11.3% |
8.8% |
3.5% |
|
40/45 nm |
23.6% |
20.6% |
23.6% |
|
55/65 nm |
16.0% |
20.2% |
19.8% |
|
90 nm |
1.8% |
1.4% |
1.6% |
|
0.11/0.13 µm |
6.3% |
8.1% |
14.8% |
|
0.15/0.18 µm |
37.8% |
37.8% |
34.2% |
|
0.25/0.35 µm |
3.2% |
3.1% |
2.5% |
|
Note: ( 1 ) Including Hong Kong , but excluding Taiwan ( 2 ) Excluding China and Hong Kong
| |||
