Taiwan announced its second quarter financial report for 2025 on the 17th, with a combined acquisition of approximately NT$93.37 billion, and a pure profit of approximately NT$39.82 billion, and an earnings of approximately NT$15.36 (equivalent to US deposit certificates of US$2.47 per unit).
Taiwan Power pointed out that compared with the same period last year, the second quarter of 2025 increased by 38.6%, and the after-tax pure profit and earnings per share increased by 60.7%; compared with the previous quarter, the second quarter of 2025 increased by 11.3%, and the after-tax pure profit increased by 10.2%.
Based on the outlook for the second quarter of last quarter, the estimated closing is US$28.4 billion to US$29.2 billion, with the median growth of 13% compared with the previous quarter and a 38% increase in the same period in 2024. Calculated at USD 1 to NT$32.5, the NT$923 billion to NT$949 billion, an increase of NT$10% to 13% from the first quarter, an increase of 37% to 41% in 2024, a gross profit margin of 57% to 59%, and a profit rate of 47% to 49%. The gross profit margin fell between 57.9% and 59.9%, and the operating interest rate was 47.9% to 49.9%. The number of business income is better than expected, and the gross profit margin and operating interest rate are in line with previous financial expectations.
Taiwan Electric pointed out that 3-nanometer-process shipments accounted for 24% of the sales of crystals in the second quarter of 2025, 5-nanometer-process shipments accounted for 36% of the sales of crystals in the whole quarter; 7-nanometer-process shipments accounted for 14% of the sales of crystals in the whole quarter. Overall, advanced processes (including advanced processes 7 nanometers and more) earn 74% of the sales amount of all-seasonal crystals.
Analysis of the application market, high-efficiency calculation accounts for 60%, which is 14% higher than the previous quarter. Smart phones account for 27%, up 7% from last quarter. The Internet of Things and automated devices each accounted for 5% and the same as last quarter, while other and industrial products accounted for 2% and 1%, and 30% and 6% compared to last quarter.
The third quarter outlook is in US dollars, with a total revenue of US$31.8 billion to US$33 billion. It grew by 8% in the previous quarter and 38% in the same period in 2024. At a exchange rate of $1 to $29, the revenue from around $922.2 billion to $95.7 billion is still growing compared to the second quarter. The gross profit margin is 55.5%~57.5%, which is slightly down from 58.6% in the second quarter of 2025. The operating rate of interest is 45.5%~47.5%, which is also lower than the previous quarter of 49.6%.
Financial President Huang Renzhao said that the impact of exchange rate on Taiwan's electricity acquisition and profitability is that almost all investments are priced in US dollars, and the sales cost is about 75% in New Taiwan dollars. The fluctuation in the exchange rate of USD NT$ has a significant impact on revenue and gross profit. The sensitivity to the exchange rate of NT$ in USD is almost 100%. In other words, for every 1% appreciation of the US dollar, the new Taiwan dollar will be reduced by 1%. The sensitivity of gross profit margin to the same 1% exchange rate change is about 40 basis points.
If the US dollar appreciates by 1%, gross profit margin declines by about 40 base points. Compared with the second quarter exchange rate of USD 32.5 NT$1, the average quarterly appreciation of NT$1, which has a negative impact on the second quarter of NT$'s revenue and about 180 base points.
Taiwan Electric pointed out that the total profit of non-business projects in the second quarter of 2025 was RMB 29.61 billion, compared with RMB 23.82 billion in the first quarter of 2025. Profit growth was mainly due to the inclusion of US$10 billion in the British Viking Islands Corporation in the second quarter, which effectively reduced the US dollar's exchange rate during the rapid appreciation of NT$. This is more likely to be a one-time event.
In addition, NTU still maintained capital expenditure of approximately US$38 billion to US$42 billion in 2025, which is the same as last quarter's French estimates.