Operating Segments Information

12 Months Ended

Dec. 31, 2024

41.	OPERATING SEGMENTS INFORMATION

The Group has the following reportable segments: Packaging, Testing and EMS. The Group packages bare semiconductors into finished semiconductors with enhanced electrical and thermal characteristics; provides testing services, including front-end engineering testing, wafer probing and final testing services; engages in the designing, assembling, manufacturing and sale of electronic components and telecommunications equipment motherboards. Information about other business activities and operating segments that are not reportable are combined and disclosed in “Others.” The Group engages in other activities such as substrate production as well as sale and leasing of real estate properties.

The accounting policies for segments are the same as those described in Note 4. The measurement basis for resources allocation and performance evaluation is based on profit before income tax.

Segment revenues and operation results


													Adjustments
	Packaging			Testing			EMS			Others			and Eliminations			Total
	NT$			NT$			NT$			NT$			NT$			NT$

For the year ended December 31, 2022

Revenue from external customers	$	303,947,502		$	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

December 31, 2022

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

For the year ended December 31, 2023

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		15,159,266			2,338,125			2,160,112			20,811			-			19,678,314
Contract assets		4,066,174			1,033,902			-			-			-			5,100,076

For the year ended December 31, 2024

Revenue from external customers		261,731,413			54,561,480			271,293,309			7,823,383			-			595,409,585
Inter-group revenues (Note 1)		5,829,221			420,691			35,110,458			6,536,547			(47,896,917	)		-
Segment revenues		267,560,634			54,982,171			306,403,767			14,359,930			-			643,306,502
Interest income		223,222			182,106			1,409,437			68,753			-			1,883,518
Interest expense		(2,701,084	)		(766,292	)		(2,062,626	)		(1,217,841	)		-			(6,747,843	)
Depreciation and amortization		(33,951,864	)		(17,457,538	)		(5,895,380	)		(2,510,430	)		-			(59,815,212	)
Share of the profit or loss of associates and joint ventures		698,852			53,574			152,996			(8,720	)		-			896,702
Impairment loss		(121,992	)		(2,845	)		(51,186	)		-			-			(176,023	)
Segment profit before income tax		28,948,970			10,616,147			7,594,473			(5,426,217	)		-			41,733,373
Expenditures for segment assets		58,566,380			31,397,079			5,551,760			692,327			-			96,207,546

December 31, 2024

Investments accounted for using the equity method		15,422,237			2,618,682			2,355,629			26,792			-			20,423,340
Contract assets		4,337,297			1,303,020			-			-			-			5,640,317

													Adjustments
	Packaging			Testing			EMS			Others			and Eliminations			Total
	US$ (Note 4)			US$ (Note 4)			US$ (Note 4)			US$ (Note 4)			US$ (Note 4)			US$ (Note 4)

For the year ended December 31, 2024

Revenue from external customers	$	7,982,050		$	1,663,967		$	8,273,660		$	238,590		$	-		$	18,158,267
Inter-group revenues (Note 1)		177,774			12,830			1,070,767			199,346			(1,460,717	)		-
Segment revenues		8,159,824			1,676,796			9,344,427			437,937			-			19,618,984
Interest income		6,808			5,554			42,984			2,096			-			57,442
Interest expense		(82,375	)		(23,370	)		(62,904	)		(37,141	)		-			(205,790	)
Depreciation and amortization		(1,035,433	)		(532,404	)		(179,792	)		(76,561	)		-			(1,824,190	)
Share of the profit or loss of associates and joint ventures		21,313			1,634			4,666			(266	)		-			27,347
Impairment loss		(3,720	)		(87	)		(1,561	)		-			-			(5,368	)
Segment profit before income tax		882,859			323,762			231,609			(165,483	)		-			1,272,747
Expenditures for segment assets		1,786,105			957,520			169,313			21,114			-			2,934,052

December 31, 2024

Investments accounted for using the equity method		470,334			79,863			71,840			816			-			622,853
Contract assets		132,275			39,738			-			-			-			172,013

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.

Revenue from major products and services


	For the Year Ended December 31
	2022		2023		2024
	NT$		NT$		NT$		US$ (Note 4)

Packaging service	$	303,947,502	$	256,805,887	$	261,731,413	$	7,982,050
Testing service		55,960,182		49,879,923		54,561,480		1,663,967
EMS		301,966,818		268,218,002		271,293,309		8,273,660
Others		8,998,141		7,010,659		7,823,383		238,590


	$	670,872,643	$	581,914,471	$	595,409,585	$	18,158,267

Major customers

Except

for

NT$198,858,465 thousand, NT$170,970,446 thousand and NT$174,486,187 thousand (US$5,321,323 thousand

) of the operating revenues for each of the three years ended December 31, 2022, 2023, and 2024, respectively, which came from a certain customer (including other customers for whom OEM services were provided on its behalf) of the packaging and EMS segments, there was

other operating revenues from a single customer that accounts for more than

10%

of the total operating revenues of the Group for the years ended December 31, 2022, 2023 and 2024.

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.

Net revenues from external customers


	For the Year Ended December 31
	2022		2023		2024
	NT$		NT$		NT$		US$ (Note 4)

United States	$	446,484,639	$	370,306,818	$	358,708,176	$	10,939,560
Taiwan		83,655,142		70,492,517		89,274,839		2,722,624
Asia		75,991,902		75,316,422		82,989,985		2,530,954
Europe		63,542,468		65,026,966		63,429,243		1,934,408
Others		1,198,492		771,748		1,007,342		30,721


	$	670,872,643	$	581,914,471	$	595,409,585	$	18,158,267

Non-current assets


	December 31
	2023		2024
	NT$		NT$		US$ (Note 4)

Taiwan	$	258,813,497	$	291,081,213	$	8,877,134
China		66,660,391		70,968,611		2,164,337
Others		44,134,206		54,869,345		1,673,356


	$	369,608,094	$	416,919,169	$	12,714,827

Non-

current

assets exclude financial instruments, post-employment benefit assets, and deferred tax assets.