| Summary of Segment Information |
| |
a. |
Segment revenues and operation results |
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| |
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| |
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| |
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| For the year ended December 31, 2021 |
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|
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|
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| Revenue from external customers |
|
$ |
272,543,899 |
|
|
$ |
49,978,736 |
|
|
$ |
239,488,267 |
|
|
$ |
7,986,231 |
|
|
$ |
— |
|
|
$ |
569,997,133 |
|
| Inter-group revenues (Note 1) |
|
|
7,244,889 |
|
|
|
339,619 |
|
|
|
27,825,073 |
|
|
|
7,527,260 |
|
|
|
(42,936,841 |
) |
|
|
— |
|
| Segment revenues |
|
|
279,788,788 |
|
|
|
50,318,355 |
|
|
|
267,313,340 |
|
|
|
15,513,491 |
|
|
|
— |
|
|
|
612,933,974 |
|
| Interest income |
|
|
61,141 |
|
|
|
88,874 |
|
|
|
301,072 |
|
|
|
91,242 |
|
|
|
— |
|
|
|
542,329 |
|
| Interest expense |
|
|
(1,604,107 |
) |
|
|
(405,648 |
) |
|
|
(629,584 |
) |
|
|
(159,596 |
) |
|
|
— |
|
|
|
(2,798,935 |
) |
| Depreciation and amortization |
|
|
(34,384,500 |
) |
|
|
(13,819,080 |
) |
|
|
(4,336,266 |
) |
|
|
(1,984,431 |
) |
|
|
— |
|
|
|
(54,524,277 |
) |
| Share of the profit or loss of associates and joint ventures |
|
|
737,650 |
|
|
|
66,107 |
|
|
|
95,943 |
|
|
|
— |
|
|
|
— |
|
|
|
899,700 |
|
| Impairment loss |
|
|
(86,997 |
) |
|
|
(39,769 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(126,766 |
) |
| Segment profit before income tax |
|
|
41,581,126 |
|
|
|
11,998,938 |
|
|
|
8,528,675 |
|
|
|
18,085,030 |
|
|
|
— |
|
|
|
80,193,769 |
|
| Expenditures for segment assets |
|
|
48,531,368 |
|
|
|
16,773,513 |
|
|
|
7,654,560 |
|
|
|
1,458,100 |
|
|
|
— |
|
|
|
74,417,541 |
|
|
|
|
|
|
|
|
| December 31, 2021 |
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|
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|
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|
|
|
|
|
|
|
|
| Investments accounted for using the equity method |
|
|
12,744,756 |
|
|
|
1,896,372 |
|
|
|
2,355,472 |
|
|
|
— |
|
|
|
— |
|
|
|
16,996,600 |
|
| Contract assets |
|
|
4,735,181 |
|
|
|
872,028 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,607,209 |
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|
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|
|
| For the year ended December 31, 2022 |
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| Revenue from external customers |
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|
303,947,502 |
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|
|
55,960,182 |
|
|
|
301,966,818 |
|
|
|
8,998,141 |
|
|
|
— |
|
|
|
670,872,643 |
|
| Inter-group revenues (Note 1) |
|
|
6,940,878 |
|
|
|
524,387 |
|
|
|
35,533,226 |
|
|
|
9,080,132 |
|
|
|
(52,078,623 |
) |
|
|
— |
|
| Segment revenues |
|
|
310,888,380 |
|
|
|
56,484,569 |
|
|
|
337,500,044 |
|
|
|
18,078,273 |
|
|
|
— |
|
|
|
722,951,266 |
|
| Interest income |
|
|
109,148 |
|
|
|
84,562 |
|
|
|
418,507 |
|
|
|
42,530 |
|
|
|
— |
|
|
|
654,747 |
|
| Interest expense |
|
|
(2,150,382 |
) |
|
|
(463,043 |
) |
|
|
(1,029,128 |
) |
|
|
(346,581 |
) |
|
|
— |
|
|
|
(3,989,134 |
) |
| Depreciation and amortization |
|
|
(33,509,358 |
) |
|
|
(14,901,939 |
) |
|
|
(4,654,383 |
) |
|
|
(2,386,209 |
) |
|
|
— |
|
|
|
(55,451,889 |
) |
| Share of the profit or loss of associates and joint ventures |
|
|
779,474 |
|
|
|
81,627 |
|
|
|
324,276 |
|
|
|
— |
|
|
|
— |
|
|
|
1,185,377 |
|
| Impairment loss |
|
|
(64,257 |
) |
|
|
(105,169 |
) |
|
|
(219,349 |
) |
|
|
— |
|
|
|
— |
|
|
|
(388,775 |
) |
| Segment profit before income tax |
|
|
51,824,439 |
|
|
|
14,626,156 |
|
|
|
14,368,179 |
|
|
|
944,854 |
|
|
|
— |
|
|
|
81,763,628 |
|
| Expenditures for segment assets |
|
|
45,936,563 |
|
|
|
21,765,965 |
|
|
|
6,188,401 |
|
|
|
1,909,645 |
|
|
|
— |
|
|
|
75,800,574 |
|
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|
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|
|
| December 31, 2022 |
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|
|
| Investments accounted for using the equity method |
|
|
10,341,203 |
|
|
|
1,643,940 |
|
|
|
2,694,203 |
|
|
|
— |
|
|
|
— |
|
|
|
14,679,346 |
|
| Contract assets |
|
|
4,869,541 |
|
|
|
861,632 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,731,173 |
|
|
|
|
|
|
|
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|
|
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|
|
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|
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|
|
|
| For the year ended December 31, 2023 |
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|
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|
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| |
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|
|
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|
| Revenue from external customers |
|
|
256,805,887 |
|
|
|
49,879,923 |
|
|
|
268,218,002 |
|
|
|
7,010,659 |
|
|
|
— |
|
|
|
581,914,471 |
|
| Inter-group revenues (Note 1) |
|
|
4,550,622 |
|
|
|
447,279 |
|
|
|
26,639,833 |
|
|
|
6,776,002 |
|
|
|
(38,413,736 |
) |
|
|
— |
|
| Segment revenues |
|
|
261,356,509 |
|
|
|
50,327,202 |
|
|
|
294,857,835 |
|
|
|
13,786,661 |
|
|
|
— |
|
|
|
620,328,207 |
|
| Interest income |
|
|
188,704 |
|
|
|
124,443 |
|
|
|
1,087,121 |
|
|
|
113,139 |
|
|
|
— |
|
|
|
1,513,407 |
|
| Interest expense |
|
|
(2,907,679 |
) |
|
|
(720,145 |
) |
|
|
(1,816,814 |
) |
|
|
(794,272 |
) |
|
|
— |
|
|
|
(6,238,910 |
) |
| Depreciation and amortization |
|
|
(34,110,372 |
) |
|
|
(16,173,653 |
) |
|
|
(5,335,496 |
) |
|
|
(2,482,342 |
) |
|
|
— |
|
|
|
(58,101,863 |
) |
| Share of the profit or loss of associates and joint ventures |
|
|
916,310 |
|
|
|
134,667 |
|
|
|
38,211 |
|
|
|
(8,588 |
) |
|
|
— |
|
|
|
1,080,600 |
|
| Impairment loss |
|
|
(81,133 |
) |
|
|
(65,437 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(146,570 |
) |
| Segment profit before income tax |
|
|
25,405,636 |
|
|
|
9,369,875 |
|
|
|
9,216,053 |
|
|
|
(1,379,741 |
) |
|
|
— |
|
|
|
42,611,823 |
|
| Expenditures for segment assets |
|
|
27,881,152 |
|
|
|
13,664,416 |
|
|
|
6,207,532 |
|
|
|
1,005,549 |
|
|
|
— |
|
|
|
48,758,649 |
|
|
|
|
|
|
|
|
| December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments accounted for using the equity method |
|
|
15,091,563 |
|
|
|
2,338,125 |
|
|
|
2,160,112 |
|
|
|
20,811 |
|
|
|
— |
|
|
|
19,610,611 |
|
| Contract assets |
|
|
4,066,174 |
|
|
|
1,033,902 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,100,076 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| |
|
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|
|
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| |
|
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| |
|
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|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
| For the year ended December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
| Revenue from external customers |
|
$ |
8,386,868 |
|
|
$ |
1,628,998 |
|
|
$ |
8,759,569 |
|
|
$ |
228,957 |
|
|
$ |
— |
|
|
$ |
19,004,392 |
|
| Inter-group revenues (Note 1) |
|
|
148,616 |
|
|
|
14,607 |
|
|
|
870,014 |
|
|
|
221,294 |
|
|
|
(1,254,531 |
) |
|
|
— |
|
| Segment revenues |
|
|
8,535,484 |
|
|
|
1,643,606 |
|
|
|
9,629,583 |
|
|
|
450,250 |
|
|
|
— |
|
|
|
20,258,923 |
|
| Interest income |
|
|
6,163 |
|
|
|
4,064 |
|
|
|
35,504 |
|
|
|
3,694 |
|
|
|
— |
|
|
|
49,425 |
|
| Interest expense |
|
|
(94,960 |
) |
|
|
(23,519 |
) |
|
|
(59,334 |
) |
|
|
(25,940 |
) |
|
|
— |
|
|
|
(203,753 |
) |
| Depreciation and amortization |
|
|
(1,113,990 |
) |
|
|
(528,206 |
) |
|
|
(174,249 |
) |
|
|
(81,068 |
) |
|
|
— |
|
|
|
(1,897,513 |
) |
| Share of the profit or loss of associates and joint ventures |
|
|
29,925 |
|
|
|
4,398 |
|
|
|
1,248 |
|
|
|
(280 |
) |
|
|
— |
|
|
|
35,291 |
|
| Impairment loss |
|
|
(2,650 |
) |
|
|
(2,137 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(4,787 |
) |
| Segment profit before income tax |
|
|
829,707 |
|
|
|
306,005 |
|
|
|
300,982 |
|
|
|
(45,060 |
) |
|
|
— |
|
|
|
1,391,634 |
|
| Expenditures for segment assets |
|
|
910,554 |
|
|
|
446,258 |
|
|
|
202,728 |
|
|
|
32,839 |
|
|
|
— |
|
|
|
1,592,379 |
|
|
|
|
|
|
|
|
| December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments accounted for using the equity method |
|
|
492,866 |
|
|
|
76,360 |
|
|
|
70,546 |
|
|
|
679 |
|
|
|
— |
|
|
|
640,451 |
|
| Contract assets |
|
|
132,795 |
|
|
|
33,765 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
166,560 |
|
| |
Note 1: |
Inter-group revenues were eliminated upon consolidation. |
| |
Note 2: |
The disaggregated product and service type from the Group’s contract with customer is the same as those disclosed in above reportable segment. |
|
| Summary of Geographical Information |
The Group’s revenue from external customers by location of headquarter and information about its non-current assets by location of assets are detailed below.
| |
1) |
Net revenues from external customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Year Ended December 31 |
|
| |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| United States |
|
$ |
353,500,361 |
|
|
$ |
446,484,639 |
|
|
$ |
370,306,818 |
|
|
$ |
12,093,627 |
|
| Taiwan |
|
|
94,598,067 |
|
|
|
83,655,142 |
|
|
|
70,492,517 |
|
|
|
2,302,172 |
|
| Asia |
|
|
62,523,167 |
|
|
|
75,991,902 |
|
|
|
75,316,422 |
|
|
|
2,459,713 |
|
| Europe |
|
|
57,910,641 |
|
|
|
63,542,468 |
|
|
|
65,026,966 |
|
|
|
2,123,676 |
|
| Others |
|
|
1,464,897 |
|
|
|
1,198,492 |
|
|
|
771,748 |
|
|
|
25,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
569,997,133 |
|
|
$ |
670,872,643 |
|
|
$ |
581,914,471 |
|
|
$ |
19,004,392 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Taiwan |
|
$ |
268,036,245 |
|
|
$ |
258,813,497 |
|
|
$ |
8,452,433 |
|
| China |
|
|
69,283,739 |
|
|
|
66,660,391 |
|
|
|
2,177,021 |
|
| Others |
|
|
40,537,349 |
|
|
|
44,134,206 |
|
|
|
1,441,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
377,857,333 |
|
|
$ |
369,608,094 |
|
|
$ |
12,070,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|