Operating revenues decreased 8.3% to NT$32.58 billion. COGS declined 1.9% to NT$30.32 billion, as depreciation increased 2.6% to NT$10.50 billion while other manufacturing costs declined 4.2% to NT$19.82 billion. Gross profit was NT$2.26 billion. Operating expenses declined 22.9% to NT$4.93 billion, which included a 25% decrease in R&D expense to NT$2.81 billion and a 7.7% decline in General and Administrative (G&A) expense. R&D expense represented 8.6% of 1Q19 operating revenues and net other operating income was NT$1.07 billion. Overall, the company realized an operating loss of NT$1.60 billion.

Non-Operating Income and Expenses
(Amount: NT$ million)		1Q19		4Q18		1Q18
Non-Operating Income and Expenses		1,247		(1,998)		1,088
Net Interest Income and Expenses		(473)		(438)		(529)
Net Investment Gain and Loss		1,228		(1,859)		582
Exchange Gain and Loss		507		304		1,021
Other Gain and Loss		(15)		(5)		14

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