Operating revenues in 2Q20 grew 5.0% to NT$44.39 billion. Revenue contribution from 40nm and below technologies increased to 36%. Gross profit increased 26.3% QoQ to NT$10.26 billion, or 23.1% of revenue. Operating expenses declined 0.8% to NT$5.68 billion. Net other operating income increased 24.9% to NT$1.27 billion, leading to an operating income of NT$5.85 billion. Net non-operating income was NT$818 million. Net income attributable to stockholders of the parent tripled QoQ to NT$6.68 billion.

Earnings per ordinary share for the quarter was NT$0.55. Earnings per ADS was US$0.093. The basic weighted average number of outstanding shares in 2Q20 was 12,193,149,897, compared with 11,782,936,260 shares in 1Q20 and 11,817,657,562 shares in 2Q19. The diluted weighted average number of outstanding shares was 12,262,774,432 in 2Q20, compared with 13,087,825,472 shares in 1Q20 and 13,079,662,179 shares in 2Q19. The fully diluted share count on June 30, 2020 was approximately 12,215,996,000. On June 30, 2020, UMC held 76 million treasury shares acquired from the 21th share buy-back programs.

Detailed Financials Section

COGS & Expenses
(Amount: NT$ million)	2Q20	1Q20	QoQ % change	2Q19	YoY % change
Operating Revenues	44,386	42,268	5.0	36,031	23.2
COGS	(34,129)	(34,146)	(0.0)	(30,379)	12.3
Depreciation	(10,544)	(11,124)	(5.2)	(11,424)	(7.7)
Other Mfg. Costs	(23,585)	(23,022)	2.4	(18,955)	24.4
Gross Profit	10,257	8,122	26.3	5,652	81.5
Gross Margin (%)	23.1%	19.2%		15.7%
Operating Expenses	(5,677)	(5,722)	(0.8)	(5,578)	1.8
G&A	(1,537)	(1,543)	(0.3)	(1,251)	23.0
Sales & Marketing	(929)	(1,040)	(10.7)	(953)	(2.6)
R&D	(3,203)	(3,185)	0.6	(2,787)	14.9
Expected Credit Impairment Gain (Loss)	(8)	46	-	(587)	(98.7)
Net Other Operating Income & Expenses	1,266	1,014	24.9	1,687	(25.0)
Operating Income	5,846	3,414	71.2	1,761	232.0

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