| Cash Flow Information |
In addition to other notes, the Group entered into the following investing activities which include both cash and non-cash items for the years ended December 31, 2023, 2024 and 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments for property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase of property, plant and equipment |
|
$ |
48,758,649 |
|
|
$ |
96,207,546 |
|
|
$ |
171,616,529 |
|
|
$ |
5,470,721 |
|
Increase (decrease) in other non-current assets |
|
|
(387,233 |
) |
|
|
1,210,888 |
|
|
|
540,939 |
|
|
|
17,244 |
|
Decrease (increase) in other payables |
|
|
5,894,525 |
|
|
|
(17,610,885 |
) |
|
|
(6,846,985 |
) |
|
|
(218,265 |
) |
Capitalized borrowing costs |
|
|
(107,712 |
) |
|
|
(285,611 |
) |
|
|
(667,981 |
) |
|
|
(21,294 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
54,158,229 |
|
|
$ |
79,521,938 |
|
|
$ |
164,642,502 |
|
|
$ |
5,248,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from disposal of property, plant and equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consideration from disposal of property, plant and equipment |
|
$ |
334,348 |
|
|
$ |
887,718 |
|
|
$ |
2,866,369 |
|
|
$ |
91,373 |
|
Decrease (increase) in other receivables |
|
|
132,790 |
|
|
|
821 |
|
|
|
(373,255 |
) |
|
|
(11,899 |
) |
Decrease in other current assets |
|
|
8,188 |
|
|
|
19,514 |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
475,326 |
|
|
$ |
908,053 |
|
|
$ |
2,493,114 |
|
|
$ |
79,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments for FVTOCI |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Increase in FVTOCI |
|
$ |
184,355 |
|
|
$ |
12,150,760 |
|
|
$ |
478,350 |
|
|
$ |
15,249 |
|
Decrease in other receivables |
|
|
- |
|
|
|
(12,137,200 |
) |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
184,355 |
|
|
$ |
13,560 |
|
|
$ |
478,350 |
|
|
$ |
15,249 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
b. |
Changes in liabilities arising from financing activities | For the year ended December 31, 2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
(including financial
liabilities for hedging) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2023 |
|
$ |
46,731,130 |
|
|
$ |
- |
|
|
$ |
47,850,324 |
|
|
$ |
99,989,451 |
|
|
$ |
7,708,487 |
|
|
$ |
202,279,392 |
|
Net financing cash flows |
|
|
3,231,840 |
|
|
|
2,787,340 |
|
|
|
(2,573,366 |
) |
|
|
(14,263,230 |
) |
|
|
(1,136,666 |
) |
|
|
(11,954,082 |
) |
Interest under operating activities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
22 |
|
|
|
22 |
|
Convertible bonds classified separately as equity components and embedded derivative liability |
|
|
- |
|
|
|
- |
|
|
|
(412,264 |
) |
|
|
- |
|
|
|
- |
|
|
|
(412,264 |
) |
Non-cash changes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to lease liabilities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,644,665 |
|
|
|
1,644,665 |
|
Convertible bonds issued by subsidiaries and converted to subsidiaries’ ordinary shares |
|
|
- |
|
|
|
- |
|
|
|
(228 |
) |
|
|
- |
|
|
|
- |
|
|
|
(228 |
) |
Amortization of discount |
|
|
- |
|
|
|
- |
|
|
|
319,578 |
|
|
|
91,538 |
|
|
|
- |
|
|
|
411,116 |
|
Lease modifications |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(113,514 |
) |
|
|
(113,514 |
) |
Adjustments for government subsidy |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(1,002 |
) |
|
|
- |
|
|
|
(1,002 |
) |
Acquisitions through business combinations (Note 29) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
143,629 |
|
|
|
143,629 |
|
Reclassification |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(8,226 |
) |
|
|
(8,226 |
) |
Effects of foreign currency exchange |
|
|
291,218 |
|
|
|
- |
|
|
|
(174,558 |
) |
|
|
(356,054 |
) |
|
|
(16,391 |
) |
|
|
(255,785 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2023 |
|
$ |
50,254,188 |
|
|
$ |
2,787,340 |
|
|
$ |
45,009,486 |
|
|
$ |
85,460,703 |
|
|
$ |
8,222,006 |
|
|
$ |
191,733,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2024 |
|
|
|
|
|
|
|
|
| |
|
(including financial
liabilities for hedging) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2024 |
|
$ |
50,254,188 |
|
|
$ |
2,787,340 |
|
|
$ |
45,009,486 |
|
|
$ |
85,460,703 |
|
|
$ |
8,222,006 |
|
|
$ |
191,733,723 |
|
Net financing cash flows |
|
|
(4,514,729 |
) |
|
|
(2,787,340 |
) |
|
|
(12,867,386 |
) |
|
|
36,656,269 |
|
|
|
(1,547,291 |
) |
|
|
14,939,523 |
|
Interest under operating activities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
13,538 |
|
|
|
13,538 |
|
Convertible bonds classified separately as equity components and embedded derivative liability |
|
|
- |
|
|
|
- |
|
|
|
(100,872 |
) |
|
|
- |
|
|
|
- |
|
|
|
(100,872 |
) |
Non-cash changes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to lease liabilities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
1,342,690 |
|
|
|
1,342,690 |
|
Acquisitions through business combinations (Note 29) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
96,894 |
|
|
|
96,894 |
|
Convertible bonds issued by subsidiaries and converted to subsidiaries’ ordinary shares |
|
|
- |
|
|
|
- |
|
|
|
(99 |
) |
|
|
- |
|
|
|
- |
|
|
|
(99 |
) |
Amortization of discount |
|
|
- |
|
|
|
- |
|
|
|
366,988 |
|
|
|
76,326 |
|
|
|
- |
|
|
|
443,314 |
|
Lease modifications |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(409,679 |
) |
|
|
(409,679 |
) |
Adjustments for government subsidy |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(748 |
) |
|
|
- |
|
|
|
(748 |
) |
Effects of foreign currency exchange |
|
|
1,705,403 |
|
|
|
- |
|
|
|
568,047 |
|
|
|
3,442,548 |
|
|
|
93,865 |
|
|
|
5,809,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2024 |
|
$ |
47,444,862 |
|
|
$ |
- |
|
|
$ |
32,976,164 |
|
|
$ |
125,635,098 |
|
|
$ |
7,812,023 |
|
|
$ |
213,868,147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the year ended December 31, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(including financial
liabilities for hedging) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2025 |
|
$ |
47,444,862 |
|
|
$ |
- |
|
|
$ |
32,976,164 |
|
|
$ |
125,635,098 |
|
|
$ |
7,812,023 |
|
|
$ |
213,868,147 |
|
Net financing cash flows |
|
|
(5,839,428 |
) |
|
|
2,198,419 |
|
|
|
(10,623,145 |
) |
|
|
81,306,931 |
|
|
|
(1,063,297 |
) |
|
|
65,979,480 |
|
Interest under operating activities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(5,947 |
) |
|
|
(5,947 |
) |
Convertible bonds classified separately as equity components and embedded derivative liability |
|
|
- |
|
|
|
- |
|
|
|
(522,771 |
) |
|
|
- |
|
|
|
- |
|
|
|
(522,771 |
) |
Non-cash changes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to lease liabilities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,402,174 |
|
|
|
2,402,174 |
|
Acquisitions through business combinations |
|
|
- |
|
|
|
22,000 |
|
|
|
- |
|
|
|
14,467 |
|
|
|
19,927 |
|
|
|
56,394 |
|
Convertible bonds issued by subsidiaries and converted to subsidiaries’ ordinary shares |
|
|
- |
|
|
|
- |
|
|
|
(6,608,846 |
) |
|
|
- |
|
|
|
- |
|
|
|
(6,608,846 |
) |
Amortization of discount |
|
|
- |
|
|
|
- |
|
|
|
11,333 |
|
|
|
76,284 |
|
|
|
- |
|
|
|
87,617 |
|
Lease modifications |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(298,011 |
) |
|
|
(298,011 |
) |
Effects of foreign currency exchange |
|
|
(497,581 |
) |
|
|
- |
|
|
|
(265,105 |
) |
|
|
(1,231,923 |
) |
|
|
(18,762 |
) |
|
|
(2,013,371 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2025 |
|
$ |
41,107,853 |
|
|
$ |
2,220,419 |
|
|
$ |
14,967,630 |
|
|
$ |
205,800,857 |
|
|
$ |
8,848,107 |
|
|
$ |
272,944,866 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
(including financial
liabilities for hedging) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at January 1, 2025 |
|
$ |
1,512,428 |
|
|
$ |
0 |
|
|
$ |
1,051,201 |
|
|
$ |
4,004,944 |
|
|
$ |
249,028 |
|
|
$ |
6,817,601 |
|
Net financing cash flows |
|
|
(186,147 |
) |
|
|
70,080 |
|
|
|
(338,640 |
) |
|
|
2,591,869 |
|
|
|
(33,895 |
) |
|
|
2,103,267 |
|
Interest under operating activities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(190 |
) |
|
|
(190 |
) |
Convertible bonds classified separately as equity components and embedded derivative liability |
|
|
- |
|
|
|
- |
|
|
|
(16,665 |
) |
|
|
- |
|
|
|
- |
|
|
|
(16,665 |
) |
Non-cash changes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to lease liabilities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
76,576 |
|
|
|
76,576 |
|
Acquisitions through business combinations |
|
|
- |
|
|
|
702 |
|
|
|
- |
|
|
|
461 |
|
|
|
635 |
|
|
|
1,798 |
|
Convertible bonds issued by subsidiaries and converted to subsidiaries’ ordinary shares |
|
|
- |
|
|
|
- |
|
|
|
(210,674 |
) |
|
|
- |
|
|
|
- |
|
|
|
(210,674 |
) |
Amortization of discount |
|
|
- |
|
|
|
- |
|
|
|
361 |
|
|
|
2,432 |
|
|
|
- |
|
|
|
2,793 |
|
Lease modifications |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(9,500 |
) |
|
|
(9,500 |
) |
Effects of foreign currency exchange |
|
|
(15,861 |
) |
|
|
- |
|
|
|
(8,451 |
) |
|
|
(39,270 |
) |
|
|
(598 |
) |
|
|
(64,180 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 2025 |
|
$ |
1,310,420 |
|
|
$ |
70,782 |
|
|
$ |
477,132 |
|
|
$ |
6,560,436 |
|
|
$ |
282,056 |
|
|
$ |
8,700,826 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
c. |
Total income taxes paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating activities |
|
$ |
15,474,646 |
|
|
$ |
9,072,635 |
|
|
$ |
7,108,597 |
|
|
$ |
226,605 |
|
Investing activities |
|
|
- |
|
|
|
1,170,149 |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,474,646 |
|
|
$ |
10,242,784 |
|
|
$ |
7,108,597 |
|
|
$ |
226,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
d. |
Supplier financing arrangements | The Group has entered into supplier financing arrangements with banks. Under these arrangements, the suppliers may elect to receive early payment from the banks by factoring their receivables due from the Group, and the Group then pays the banks at the original due dates set with suppliers. The above arrangements do not modify the terms of these payables because neither the Group’s payment terms have been extended nor additional interest have been paid; therefore, the Group still presents the payables as trade payables. As of December 31, 2024 and 2025, trade payables under supplier finance arrangements amounted to NT$1,056,486 thousand and NT$396,610 thousand (US$12,643 thousand), respectively. The carrying amount of the financial liabilities that are subject to supplier finance arrangements, of which suppliers have already received payment from the finance provider, are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade payables |
|
|
|
|
|
|
|
|
|
|
|
|
Of which suppliers have already received payment from the finance providers |
|
$ |
1,056,486 |
|
|
$ |
396,607 |
|
|
$ |
12,643 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| The range of payment due dates for the financial liabilities that are subject to supplier finance arrangements and comparable trade payables that are not part of a supplier finance arrangement are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade payables |
|
|
|
|
|
|
|
|
Liabilities that are part of supplier finance arrangements (days) |
|
|
120-165 |
|
|
|
120-165 |
|
Comparable trade payables that are not part of supplier finance arrangements (days) |
|
|
30-180 |
|
|
|
30-180 |
| The changes in liabilities that are subject to supplier finance arrangements are primarily attributable to additions resulting from purchases of goods and subsequent cash settlements. There were no material non-cash changes in these liabilities. |