|
Fab |
4Q17 |
3Q17 |
|
Shanghai 200mm Fab |
109,000 |
114,000 |
|
Shanghai 300mm Fab |
38,250 |
40,500 |
|
Beijing 300mm Fab |
103,500 |
112,500 |
|
Tianjin 200mm Fab |
50,000 |
47,000 |
|
Shenzhen 200mm Fab |
30,000 |
32,075 |
|
Shenzhen 300mm Fab |
6,750 |
- |
|
Majority-Owned Beijing 300mm Fab |
65,250 |
61,875 |
|
Majority-Owned Avezzano 200mm Fab |
40,000 |
40,000 |
|
Total monthly wafer fabrication capacity |
442,750 |
447,950 |
|
Note: * Wafers per month at the end of the period in 8" equivalent wafers, calculated on a 30-day basis for comparison purposes
| ||
Shipment and Utilization
|
8" equivalent wafers |
4Q17 |
3Q17 |
QoQ |
4Q16 |
YoY |
|
Wafer shipments |
1,124,821 |
1,076,039 |
4.5% |
1,096,011 |
2.6% |
|
Utilization rate(1) |
85.8% |
83.9% |
- |
96.5% |
- |
|
Note: (1) Based on total equivalent wafers out divided by estimated total quarterly capacity.
| |||||
Detailed Financial Analysis
Gross Profit Analysis
|
Amounts in US$ thousands |
4Q17 |
3Q17 |
QoQ |
4Q16 |
YoY |
|
Cost of sales |
638,678 |
592,426 |
7.8% |
568,790 |
12.3% |
|
Depreciation |
210,385 |
178,302 |
18.0% |
159,778 |
31.7% |
|
Other manufacturing costs |
427,262 |
413,089 |
3.4% |
407,870 |
4.8% |
|
Share-based compensation |
1,031 |
1,035 |
-0.4% |
1,142 |
-9.7% |
|
Gross profit |
148,496 |
177,297 |
-16.2% |
246,012 |
-39.6% |
|
Gross margin |
18.9% |
23.0% |
- |
30.2% |
- |
- Cost of sales was $638.7 million in 4Q17, an increase of 7.8% QoQ from $592.4 million in 3Q17 mainly due to higher wafer shipments and a product-mix change in 4Q17.
- Depreciation within the cost of sales increased by 18.0% to $210.4 million in 4Q17, compared to $178.3 million in 3Q17.
- Other manufacturing costs within the cost of sales increased by 3.4% to $427.3 million in 4Q17, compared to $413.1 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.
