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RT — AGM Information 2026
Jun 11, 2026
52043_rns_2026-06-11_1b8415af-49aa-4f9c-a4f9-6238f93ba0c9.pdf
AGM Information
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Realtek Semiconductor Corp. 2026 Annual Shareholders' Meeting Minutes
Time: 9:00 a.m., May 27, 2026 (Wednesday)
Place: No.1, Industry East 2nd Road, HsinChu Science Park Life Hub, Bach Conference Room
The Number of Shares of Attendance: Attending shareholders and proxy represented 452,790,573 shares (including 372,036,329 shares which attended through electronic voting) accounting for 87.83% of 515,512,641 shares, the Company's total outstanding shares.
Directors Present:
Chiu, Sun-Chien, Chairman; Huang, Yung-Fang, Director; Yen, Kuang-Yu, Director; Ni, Shu-Ching, Director; Hsieh, Yin-Ching, Independent Director (Chairman of the Audit Committee).
Chairman: Chiu, Sun-Chien, Chairman
Recorder: Tsai, Shu-Hui
The aggregate shareholding of the shareholders present constituted a quorum.
The Chairman called the meeting to order.
I. Chairman's Remarks: Omitted.
II. Report Items:
Report 1: Business report of 2025
Explanation: Please refer to Attachment 1 for the business report.
Report 2: Audit Committee's review report
Explanation: Please refer to Attachment 2 for the Audit Committee's review report.
Report 3: To report 2025 employees' compensation and directors' remuneration
Explanation:
-
According to Article 18 of the Articles of Incorporation of the Company, if gained profits within a fiscal year, the Company shall allocate at a maximum of 3% of the profits as directors' remuneration, and allocate no less than 1% of the profits as employees' compensation. No less than 0.5% of the annual profits shall be allocated as compensation for basic level employees from employees' compensation.
-
The Board of Directors resolved the distribution of 2025 employees' compensation and directors' remuneration as follows:
Unit: NT dollars
| Item | Amount | Profit Ratio |
|---|---|---|
| Employees’ compensation (including basic level employees’ compensation) | 4,339,190,999 | 21.92% |
| Basic level employees’ compensation | 700,000,000 | 3.54% |
| Directors’ remuneration | 100,000,000 | 0.51% |
Note: Employees' compensation and directors' remuneration amount are consistent with the 2025 annual estimated expenses.
- The above employees' compensation and directors' remuneration are all paid in cash.
Report 4: To report 2025 cash dividends distribution from retained earnings
Explanation:
1. The Board of Directors resolved that the 2025 cash dividends distribution from retained earnings is NT$ 12,887,816,025. According to the shares held by each shareholder in the shareholders' register on cash dividend record date, the cash dividends to common shareholders is NT$25 per share.
2. Due to the changes of outstanding shares caused by the Company's subsequent events such as shares buyback, transfer or cancellation of treasury stocks, issuance and reclaim or cancellation of new restricted employee shares or others, the cash distribution per share might be affected. The Chairman is authorized by the Board of Directors to adjust the distribution.
3. The cash distribution to each shareholder is rounded down to one dollar (under one dollar is rounded down). The rounded down amounts are recognized as the Company's other income.
4. The Chairman is authorized by the Board of Directors to determine the cash dividend record date and payment date.
Report 5: To report 2025 related party transactions
Explanation:
1. The actual transaction amount between the Company and its subsidiaries and the related party, GMI Technology Inc., in 2025 is NT$ 17,494,586 thousand, accounting for 14.25% of the Company's consolidated net operating revenue, and the collection term is 30-60 days after monthly billings.
2. There is no significant difference in the transaction prices and collection terms for sales of goods available to non-related parties. In 2025, the transaction prices were in line with general business practices and did not exceed the annual transaction amount limit approved by the board of directors, which was 25% of the Company's consolidated net operating revenue.
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III. Ratification Items
Proposal 1
Subject: 2025 business report and financial statements. Approval is respectfully requested.
(Proposed by the Board of Directors)
Explanation: The 2025 annual financial statements have been audited by
PricewaterhouseCoopers' and the business report was approved by the Board of Directors. For the business report, independent auditors' report and financial statements, please refer to Attachment 1, Attachment 4 and Attachment 5.
Resolution: It was resolved that the above proposal be approved as proposed. The result is as follows:
Shares represented at the time of voting: 450,946,556
| Voting Results | % of the total represented share present | |
|---|---|---|
| Votes in favor: | 412,022,711 votes | 91.36% |
| (including electronic voting | 333,113,484 votes ) | |
| Votes against: | 15,321 votes | 0.00% |
| (including electronic voting | 15,321 votes ) | |
| Votes invalid: | 0 votes | 0.00% |
| Votes abstained: | 38,908,524 votes | 8.62% |
| (including electronic voting | 38,907,524 votes ) |
Proposal 2
Subject: Distribution of 2025 retained earnings. Approval is respectfully requested.
(Proposed by the Board of Directors)
Explanation: The distribution of 2025 retained earnings was approved by the Board of Directors. Please refer to Attachment 3.
Resolution: It was resolved that the above proposal be approved as proposed. The result is as follows:
Shares represented at the time of voting: 450,946,556
| Voting Results | % of the total represented share present | |
|---|---|---|
| Votes in favor: | 415,018,170 votes | 92.03% |
| (including electronic voting | 336,108,943 votes ) | |
| Votes against: | 17,310 votes | 0.00% |
| (including electronic voting | 17,310 votes ) | |
| Votes invalid: | 0 votes | 0.00% |
| Votes abstained: | 35,911,076 votes | 7.96% |
| (including electronic voting | 35,910,076 votes ) |
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IV. Discussion Item
Proposal 1
Subject: Proposal to release the non-compete restriction on directors. Approval is respectfully requested. (Proposed by the Board of Directors)
Explanation:
- Pursuant to Article 209 of the Company Act, a director who does anything for himself or on behalf of another person that is within the scope of the Company's business, shall explain to the meeting of shareholders the essential contents of such an act and secure its approval.
- Since a director and an independent director are engaged in business activities that are the same as or similar to the business scope of the Company, which constitutes a competitive situation, the following items are proposed for approval at the shareholders' meeting in accordance with the law to release the non-compete restriction.
| Title | Name | Concurrent Position of another Company |
|---|---|---|
| Director | Yeh, Po-Len | Representative of juristic person director, TwHealth Nexus Inc. |
| Independent Director | Yang, Pan-Chyr | 1. Chairman, TwHealth Nexus Inc. |
| 2. Representative of juristic-person director, Taishin Venture Capital Co., Ltd. | ||
| 3. Independent Director, aetherAI Co., Ltd. | ||
| 4. Representative of juristic-person director, Everbright Biofund | ||
| 5. Director, Taiwan AI Labs | ||
| 6. Vice President, Institute for Biotechnology and Medicine Industry |
Resolution: It was resolved that the above proposal be approved as proposed. The result is as follows:
Shares represented at the time of voting: 450,946,556
| Voting Results | % of the total represented share present | |
|---|---|---|
| Votes in favor: (including electronic voting) | 401,900,331 votes | |
| 322,991,104 votes | 89.12% | |
| Votes against: (including electronic voting) | 913,666 votes | |
| 913,666 votes | 0.20% | |
| Votes invalid: | 0 votes | 0.00% |
| Votes abstained: (including electronic voting) | 48,132,559 votes | |
| 48,131,559 votes | 10.67% |
V. Extraordinary Motions: None.
VI. Adjournment
Note: No questions were raised by shareholders on any of the proposals at this shareholders' meeting.
Attachment 1: Business Report
Business Report
Dear Shareholders, Ladies and Gentlemen:
- 2025 Operating Results
Despite fluctuations in tariffs and macroeconomic conditions impacting the end market during the first half of the year, robust demand for AI accelerators and high-performance computing (HPC) fueled a supply shortage and price increase in memory products, driving strong growth momentum in the semiconductor industry in 2025. According to the latest estimates from the World Semiconductor Trade Statistics (WSTS), global semiconductor industry revenue was projected to reach US$772 billion in 2025, representing a 22.5% increase over 2024. This growth was primarily driven by two segments: logic products, which are expected to grow by 37% year-over-year, and memory products, which are projected to increase by 28%. Against this backdrop, Realtek's core markets—including personal computers, networking, consumer electronics, and automotive—demonstrated operational resilience, supported by stable market demand, ongoing optimization of product portfolios, and the trend toward specification upgrades. Thanks to the dedication of all employees and close collaboration with customers and the supply chain, Realtek Group continued to achieve revenue growth and maintain stable profitability in 2025. The Group's consolidated annual revenue reached NT$122.71 billion, an increase of 8.21% from the previous year. Operating gross profit was NT$61.37 billion, representing a year-over-year increase of 7.4%. Net profit after tax amounted to NT$14.75 billion, down 3.5% compared to the prior year, and earnings per share were NT$28.77.
Innovation is the driving force behind Realtek's continued growth. We are committed to enhancing product performance and creating differentiated advantages to build robust market competitiveness. In terms of intellectual property achievements, we have strengthened our R&D capabilities. According to the Taiwan Intellectual Property Office's 2025 ranking of top domestic patent applicants, Realtek submitted 286 invention patent applications, placing us at rank 6 and highlighting our strong R&D output. Furthermore, Realtek has been included in Clarivate's "Top 100 Global Innovators" for the fifth consecutive year, with both domestic and international recognition affirming our solid patent portfolio and deep innovation capabilities. In addition, Realtek's products stood out in multiple industry evaluations in 2025, receiving numerous honors and accolades. At the 2025 Computex Taipei, our ultra-low-power multimodal AI system-on-chip (RTL8735C) won the Best Choice Golden Award. Our multifunction wireless high-speed transmission chip (RTL8922D) and enterprise edge AI switch chip (RTL9335) both received Best Choice Category Awards. The smart wearable Bluetooth audio SoC (RTL8773DO) was honored with the 2025 EE Awards Asia Gold Selection Award for "Best RF/Wireless IC of the Year." The ultra-low-power multimodal AI SoC (RTL8735C) also earned the Hsinchu Science
Park Outstanding Company Innovative Product Award for 2025. Additionally, in terms of supply chain partnerships, Realtek received the Bosch Global Supplier Award in the category ‘Materials and Components’. This prestigious honor recognizes Realtek’s technological strength, product competitiveness, quality, and customer service. Our automotive-related products are positioned to further contribute to the company’s future growth momentum.
To realize our vision for sustainable corporate development, Realtek is committed to strengthening corporate governance. In 2025, we established the “Sustainable Development Committee” under the Board of Directors to oversee the implementation and effectiveness of key sustainability strategies. Cross-functional project teams are responsible for executing various sustainability initiatives and regularly report their progress to the Board, ensuring that project outcomes meet expectations. Additionally, we have linked sustainability performance metrics to management compensation structures to reinforce governance and accountability.
In terms of environmental sustainability, Realtek actively advances product design to develop chip solutions that are more efficient, smarter, and lower in power consumption. We integrate green operational practices, establish carbon reduction pathways aligned with leading international initiatives, and collaborate with supply chain partners to create a green value chain. Our goal is to become a pivotal driver in the development of the AI world while fulfilling our environmental responsibilities. We regard our employees as our most valuable asset. Realtek continuously improves diverse recruitment channels and talent development systems while striving to build a safe, supportive, and rewarding workplace with competitive compensation and benefits. To enhance employee cohesion and share business success, we officially launched an Employee Stock Purchase Plan (ESPP) in June 2025. Regarding employee satisfaction, we regularly conduct engagement surveys and implement targeted improvement plans based on the feedback received.
2. 2026 Business Plan
Realtek remains committed to technology and product innovation at its core. While maintaining its leadership in established markets, we are proactively expanding into new application areas with the goal of achieving simultaneous growth in both revenue and profitability. Looking ahead to 2026, Realtek is poised to capitalize on momentum from mainstream specification upgrades and the emergence of new opportunities driven by generative AI at the edge. We will continue to invest resources in networking communications, consumer electronics, personal computers and peripherals, automotive, and other emerging application fields. By developing highly competitive solutions, Realtek not only facilitates technological upgrades in mainstream markets but also further extends its presence in niche application segments.
In the wireless networking sector, Realtek’s Wi-Fi Certified 7™ solutions have demonstrated steady growth in both the PC and router markets. With ongoing specification upgrades, Wi-Fi 7 penetration is expected to increase significantly in 2026. Beyond traditional applications, rising demand for greater bandwidth and faster speeds is driving the adoption of
Wi-Fi 7 technology in game consoles and broadband telecommunications equipment. Realtek is also proactively advancing next-generation Wi-Fi 8 solutions and plans to participate in the Wi-Fi Alliance's interoperability Plugfest in 2026.
Building on years of experience in the IoT market, Realtek's solutions have evolved from intelligent control to voice and real-time video applications. Future strategies will focus on integrating advanced human and spatial sensing technologies, including Wi-Fi Radar, Wi-Fi Sensing, and channel sounding, alongside cloud-based generative AI, enabling customers to seamlessly connect to the AI ecosystem. In addition, Realtek is developing an on-premise large language model (LLM) platform to empower smart home products, delivering intuitive and convenient solutions for end users. In the Bluetooth chip domain, supported by leading technology companies such as Apple, Google, and Amazon, demand is rising for smart home devices that integrate IEEE802.15.4 multi-mode capabilities and support Matter over Thread, aligning with global standards. Realtek assists brand clients in adopting these specifications to access global markets. As a key driver in Bluetooth audio solutions, Realtek offers low-latency gaming headset solutions for an enhanced user experience. Moving forward, the company will introduce new Bluetooth single-chip solutions supporting wireless bidirectional communication and near-field object localization, expanding into new application segments. Furthermore, leveraging its Bluetooth audio platform and proprietary low-power IoT chips, Realtek has successfully launched smart glasses and digital voice recorder solutions, extending Bluetooth technology from personal entertainment and smart home applications to intelligent cloud-based use cases.
In the Ethernet sector, Realtek is dedicated to maintaining its market leadership and expanding next-generation products. Driven by the increasing demand for high bandwidth stemming from AI, 5G, and IoT applications, we are actively investing in optical communication technologies to ensure long-term competitiveness in high-speed data transmission environments. This demonstrates our commitment to technological innovation and future infrastructure planning. In the short term, the adoption of 2.5GbE, 5GbE, and even 10GbE Ethernet chips in the motherboard market continues to rise due to ongoing specification upgrades. Realtek's 10GbE series products, launched in 2025, have successfully penetrated server-grade edge AI platforms, opening new application markets. The next phase will see the introduction of 25GbE Ethernet solutions to maintain our technological edge and expand market influence. As AI, big data, and cloud services rapidly evolve, the market's need for high bandwidth and low latency continues to grow, making 100G, 800G, and even 1.6T optical networks increasingly critical. To address this, Realtek has mapped out a comprehensive Optical PHY chip development plan, with 100G Optical PHY products launched in 2025 and PAM4 DSP chips under development to support cutting-edge 400G and 800G modules. Leveraging our strengths in high-speed SerDes and low-power design, we are strategically positioning ourselves in data center and telecommunications backbone networks, high-performance computing (HPC), and AI server markets. In the switch and PON space, governments and telecom operators worldwide are accelerating the deployment of 10GPON and Wi-Fi 7 router infrastructure, driving demand for Multi-G Ethernet switches. Realtek's comprehensive product portfolio has secured our position in the supply chains of major global telecom operators and leading networking brands. At the
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same time, we continue to accumulate key clients in the mid- to high-end managed switch market, with mass production expected in 2026 for applications covering urban infrastructure and enterprise campuses. Our high-end campus network aggregation-level 24/48*10GbE switch solutions, launched in 2025, have already been adopted by major telecom companies and brand customers and are projected to drive significant growth in 2026. As global fiber-optic network upgrades advance, Realtek's XG-PON products, combined with our Wi-Fi technology, are steadily increasing market share worldwide, and we are progressively rolling out 25 Gbps fiber access solutions.
In the personal computer sector, according to IDC data, PC shipments in 2025 are expected to grow approximately 4% year-over-year, driven by the upgrade cycle from Windows 10 to Windows 11 and the increasing penetration of AI PCs. Realtek's PC-related products have outperformed the market. In addition to ongoing improvements in power efficiency for its audio products, Realtek has integrated proprietary multi-model AI algorithms. By leveraging neural network technologies and combining expertise in imaging and wireless networking, Realtek has developed more comprehensive decision-making models. Together with ongoing advancements in automatic speech recognition and speech synthesis, these innovations will significantly enhance the PC user experience, positioning Realtek's solutions as indispensable AI assistants for consumers. Looking ahead to 2026, Realtek will further strengthen customer engagement, providing comprehensive support from microphone and speaker design recommendations to VoIP, voice wake-up, and recognition testing and calibration tools—all aimed at delivering optimal user experiences. Through diversified solutions, Realtek will boost generative AI (GAI) applications on PCs, ensuring leadership in both technology specification and market share. For imaging signal processing chips, Realtek has fully launched its third-generation Edge AI PC webcam SoC, featuring the latest imaging technologies. This solution not only enhances computational performance but also significantly reduces power consumption, delivering a differentiated and competitive human-machine interaction experience for AI PCs. The product has already attracted major brand clients, with clear development progress and mass production scheduled to begin in 2026, providing new revenue growth momentum and further strengthening Realtek's technological leadership and market share in the mid- to high-end PC segment. This will consolidate Realtek's global leadership in PC imaging and edge AI applications. As high-speed interface standards advance, Realtek is building upon its successful USB4 40Gbps hub experience by actively developing the next-generation USB4 v2 80Gbps hub controller chip. This proactive approach positions Realtek to capture opportunities in the ultra-high-speed transmission market, widening the technology gap with competitors and securing future product competitiveness. Additionally, in response to new business opportunities arising from AI PCs, Realtek's new product lines—such as fingerprint recognition and embedded controller (EC) chips—are progressively being adopted by major PC manufacturers, demonstrating the effectiveness of Realtek's diversified development strategy.
Realtek continues to advance in the multimedia application sector by integrating cutting-edge artificial intelligence (AI) technology into its TV system-on-chip (SoC) solutions. These SoCs combine industry-leading image enhancement and audio optimization to deliver an
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outstanding audiovisual experience. The latest intelligent display SoC integrates multi-core CPU and high-performance GPU architectures, supporting ultra-high-definition 4K/5K displays and 120Hz refresh rates. This enables smooth video processing, precise voice control, and high-bandwidth streaming capabilities. Additionally, the built-in AI image enhancement engine automatically adjusts brightness, contrast, and color based on scene detection, providing visual quality comparable to premium TVs. The product features a multi-system compatible platform supporting major operating environments, including Android and Linux, offering brand clients exceptional development flexibility. For intelligent display SoC applications, this solution integrates Wi-Fi and Bluetooth control modules, allowing seamless connectivity with keyboards, mice, smartphones, and cloud services. This redefines the user experience for "hostless workspaces," enabling effortless remote work, streaming entertainment, or mobile device mirroring—all through a single intelligent display. Leveraging robust computing power, outstanding energy efficiency, and highly integrated AI multimedia technologies, Realtek empowers clients to accelerate next-generation smart display product development and secure early market leadership.
In the automotive sector, Realtek continues to outperform the broader market by leveraging a comprehensive portfolio of automotive Ethernet physical layer (PHY) solutions and highly integrated switch products. The upcoming fourth-generation switch chip, set for mass production, leads the industry by supporting the highest functional safety standard, ASIL-D. In addition, the company is actively developing a series of high-speed asymmetric PHY bridge transceivers (Automotive SerDes Alliance Motion Link, ASA-ML), aiming to establish these products as industry standards and ensure broad applicability for in-vehicle camera data bridging to meet diverse customer requirements. Realtek is also focusing on key applications for advanced autonomous driving by developing automotive gateway solutions. For the smart cockpit market, Realtek has introduced a range of single-chip products targeting multiple market segments, utilizing a modular architecture and supporting open ecosystems to enable rapid deployment across various brands and vehicle models. On the wireless connectivity front, Realtek's automotive Wi-Fi 7 solutions are fully compliant with automotive standards and meet the high bandwidth demands of in-car audio-visual entertainment systems. These solutions deliver superior performance in integration and reliability compared to peer offerings. By combining additional products such as automotive AI-enabled voice digital signal processor SoCs, power amplifier chips, and display-related chipsets, the automotive domain will continue to be a major driver of Realtek's future growth.
3. Strategy for Future Development and Impact by Competitive, Regulatory, and Macro Conditions
Looking ahead, Realtek will strategically capitalize on key business opportunities arising from advancements in edge AI devices and various connectivity technology upgrades. We will continue to enhance our core technology and product portfolio while integrating AI-powered intelligent tools into product design, R&D processes, and daily operations to significantly boost innovation and organizational efficiency. In alignment with our commitment to environmental
sustainability, we are dedicated to optimizing our product mix, increasing the share of high-value-added and clean technology products, and driving sustainable company development through robust R&D capabilities. To address external competitive pressures, Realtek will focus on expanding our technology leadership, building high barriers to entry, and leveraging flexible customer technical support capabilities and cost optimization strategies to maintain our market-leading position. Concurrently, we actively implement green design principles and strengthen cybersecurity management to ensure our products meet the stringent standards of leading international clients. Regarding the overall business environment, we are mindful of geopolitical factors, demand fluctuations caused by inflation, and key material supply uncertainties stemming from the growth of high-performance computing (HPC). Realtek will continue to reinforce supply chain resilience by diversifying wafer foundry and packaging/testing operations to spread risk, while closely monitoring inventory levels and market trends across our operations and downstream customers. With agile operational strategies, we are well positioned to navigate macroeconomic uncertainties. Finally, we sincerely thank our shareholders for their ongoing support and trust. We remain committed to creating new growth opportunities and enhancing shareholder value.
We wish you all health and success in the future.
Chairman: Chiu, Sun-Chien
President: Yen, Kuang-Yu
Controller: Chang, Jr-Neng
Attachment 2: Audit Committee’s review report
Audit Committee’s review report
The Board of Directors hereby submits the Company's 2025 business report, financial statements, and distribution of retained earnings. The financial statements have been audited by PricewaterhouseCoopers, who have concluded that they fairly present the Company's financial position, operating performance, and cash flows. Upon review by the Audit Committee, no objections were raised. Therefore, in accordance with the Securities and Exchange Act and the Company Act, we report as above.
To:
2026 Annual Shareholders’ Meeting
Realtek Semiconductor Corp.
Chairman of the Audit Committee: Hsieh, Yin-Ching
February 26, 2026
Attachment 3: Distribution of retained earnings
Realtek Semiconductor Corporation
Distribution of retained earnings
2025
Unit: NT
dollars
| Item | Amount |
|---|---|
| 2025 Net Income after taxes | 14,753,249,396 |
| Plus: Other equity Carries Forward Retained Earnings | 5,787,813 |
| 2025 Earnings Available for Distribution | 14,759,037,209 |
| Plus: Previous Year’s Unappropriated Earnings | 18,973,628,176 |
| Cumulative Earnings Available for Distribution for 2025 | 33,732,665,385 |
| Items for Distribution: | |
| Dividends to Shareholders (distributed in cash) | (12,887,816,025) |
| Unappropriated Retained Earnings | 20,844,849,360 |
According to No. 871941343 official letter issued by Ministry of Finance on April 30, 1998, distribution of retained earnings shall be used in specific identification method. The first priority of distribution of retained earnings is 2025 profit, then the following sequence adopted in last-in first-out method are the previous year's part before 2025 if insufficiency based on the principles of the Company's profit distribution.
Chairman: Chiu, Sun-Chien
President: Yen, Kuang-Yu
Controller: Chang, Jr-Neng
Attachment 4: Independent Auditors’ Report and 2025 Consolidated Financial Statements
INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE
PWCR25000250
To the Board of Directors and Shareholders of Realtek Semiconductor Corporation
Opinion
We have audited the accompanying consolidated balance sheets of Realtek Semiconductor Corporation and subsidiaries (the “Group”) as at December 31, 2025 and 2024, and the related consolidated statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the consolidated financial statements, including a summary of material accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission.
Basis for opinion
We conducted our audits in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Norm of Professional Ethics for Certified Public Accountants of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Group’s 2025 consolidated financial statements. These matters were addressed in the context of our audit of the consolidated financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.
Key audit matters for the Group’s 2025 consolidated financial statements are stated as follows:
Evaluation of inventories
Refer to Note 4(13) of the consolidated financial statements for inventory evaluation policies, Note 5(2)
for uncertainty of accounting estimates and assumptions of inventory evaluation and Note 6(6) for the details of inventories.
The Group is primarily engaged in researching, developing, manufacturing, selling of various integrated circuits and related application software. Inventories are stated at the lower of cost and net realizable value. Due to the balances of inventories are significant to the financial statements and the rapid technological changes in the industry, there is a higher risk of decline in market value and obsolescence of inventories. Thus, we considered the evaluation of inventories as one of the key audit matters.
How our audit addressed the matter
We performed the following audit procedures in respect of the above key audit matter:
- Obtained an understanding of accounting policies on the provision of allowance for inventory valuation losses and assessed the reasonableness.
- Validated the accuracy of inventory aging report, as well as sampled and confirmed the consistency of quantities and amounts with detailed inventory listing, verified dates of movements with supporting documents and ensured the proper categorization of inventory aging report.
- Evaluated and confirmed the reasonableness of net realizable value for inventories through validating respective supporting documents.
Other matter – Parent company only financial reports
We have audited and expressed an unqualified opinion with other matter section on the parent company only financial statements of Realtek Semiconductor Corporation as at and for the years ended December 31, 2025 and 2024.
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Responsibilities of management and those charged with governance for the consolidated financial statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with the “Regulations Governing the Preparation of Financial Reports by Securities Issuers” and the International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations, and SIC Interpretations that came into effect as endorsed by the Financial Supervisory Commission, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
Those charged with governance, including the audit committee, are responsible for overseeing the Group’s financial reporting process.
Auditor’s responsibilities for the audit of the consolidated financial statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Standards on Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with the Standards on Auditing of the Republic of China, we exercise professional judgement and professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
-
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
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Li, Tien-Yi
Cheng, Ya-Huei
For and on behalf PricewaterhouseCoopers, Taiwan
February 26, 2026
The accompanying consolidated financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying consolidated financial statements and independent auditors' report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.
As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.
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(Expressed in thousands of New Taiwan dollars)
REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
| Assets | Notes | December 31, 2025 | December 31, 2024 | |||
|---|---|---|---|---|---|---|
| AMOUNT | % | AMOUNT | % | |||
| Current assets | ||||||
| 1100 | Cash and cash equivalents | 6(1) | $ 13,065,867 | 10 | $ 14,812,459 | 13 |
| 1110 | Financial assets at fair value through profit or loss - current | 6(2) | 6,813,280 | 5 | 7,520,809 | 7 |
| 1136 | Financial assets at amortised cost - current | 6(4) | 41,496,448 | 32 | 32,766,211 | 29 |
| 1170 | Accounts receivable, net | 6(5) | 12,689,707 | 10 | 12,305,290 | 11 |
| 1180 | Accounts receivable, net - related parties | 6(5) and 7 | 2,321,477 | 2 | 2,641,074 | 2 |
| 1200 | Other receivables | 617,201 | - | 604,664 | - | |
| 130X | Inventories, net | 6(6) | 19,560,914 | 15 | 13,506,049 | 12 |
| 1410 | Prepayments | 792,185 | 1 | 501,451 | - | |
| 11XX | Total current assets | 97,357,079 | 75 | 84,658,007 | 74 | |
| Non-current assets | ||||||
| 1517 | Financial assets at fair value through other comprehensive income - non-current | 6(3) | 3,303,641 | 3 | 3,340,653 | 3 |
| 1535 | Financial assets at amortised cost - non-current | 6(4) and 8 | 10,768,213 | 8 | 9,067,774 | 8 |
| 1550 | Investments accounted for under equity method | 6(7) | 103,472 | - | 120,646 | - |
| 1600 | Property, plant and equipment | 6(8) | 10,604,975 | 8 | 9,610,167 | 9 |
| 1755 | Right-of-use assets | 6(9) | 1,502,411 | 1 | 1,681,636 | 2 |
| 1760 | Investment property | 6(10) | 27,174 | - | 31,121 | - |
| 1780 | Intangible assets | 6(11) | 3,474,723 | 3 | 2,659,135 | 2 |
| 1840 | Deferred income tax assets | 6(28) | 505,874 | - | 437,137 | - |
| 1900 | Other non-current assets | 9 | 2,255,801 | 2 | 2,290,454 | 2 |
| 15XX | Total non-current assets | 32,546,284 | 25 | 29,238,723 | 26 | |
| 1XXX | Total assets | $ 129,903,363 | 100 | $ 113,896,730 | 100 |
(Continued)
(Expressed in thousands of New Taiwan dollars)
REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
| Liabilities and Equity | Notes | December 31, 2025 | December 31, 2024 | |||
|---|---|---|---|---|---|---|
| AMOUNT | % | AMOUNT | % | |||
| Current liabilities | ||||||
| 2100 | Short-term borrowings | 6(12) | $ 10,090,000 | 8 | $ 4,500,000 | 4 |
| 2130 | Contract liabilities - current | 6(21) | 691,119 | 1 | 413,754 | - |
| 2150 | Notes payable | 5,000 | - | - | - | |
| 2170 | Accounts payable | 11,396,095 | 9 | 9,255,237 | 8 | |
| 2180 | Accounts payable - related parties | 7 | 337,064 | - | 328,371 | - |
| 2200 | Other payables | 6(13) | 36,512,622 | 28 | 31,243,185 | 28 |
| 2220 | Other payables - related parties | 7 | 61,021 | - | 80,507 | - |
| 2230 | Current income tax liabilities | 3,495,384 | 3 | 2,134,229 | 2 | |
| 2280 | Lease liabilities - current | 99,268 | - | 113,601 | - | |
| 2300 | Other current liabilities | 6(21) | 12,068,337 | 9 | 9,892,091 | 9 |
| 21XX | Total current liabilities | 74,755,910 | 58 | 57,960,975 | 51 | |
| Non-current liabilities | ||||||
| 2550 | Provisions - non-current | 6(16) | 1,334,672 | 1 | 1,266,560 | 1 |
| 2570 | Deferred income tax liabilities | 6(28) | 335,248 | - | 265,722 | - |
| 2580 | Lease liabilities - non-current | 1,191,144 | 1 | 1,361,638 | 1 | |
| 2600 | Other non-current liabilities | 74,303 | - | 84,347 | - | |
| 25XX | Total non-current liabilities | 2,935,367 | 2 | 2,978,267 | 2 | |
| 2XXX | Total liabilities | 77,691,277 | 60 | 60,939,242 | 53 | |
| Equity | ||||||
| Share capital | 6(17) | |||||
| 3110 | Common shares | 5,155,126 | 4 | 5,128,636 | 5 | |
| Capital surplus | 6(18) | |||||
| 3200 | Capital surplus | 1,623,486 | 1 | 287,282 | - | |
| Retained earnings | 6(19) | |||||
| 3310 | Legal reserve | 8,882,764 | 7 | 8,882,764 | 8 | |
| 3350 | Undistributed earnings | 33,732,665 | 26 | 32,051,651 | 28 | |
| Other equity interest | 6(20) | |||||
| 3400 | Other equity interest | 2,808,327 | 2 | 6,597,430 | 6 | |
| 31XX | Equity attributable to holders of the parent company | 52,202,368 | 40 | 52,947,763 | 47 | |
| 36XX | Non-controlling interest | 9,718 | - | 9,725 | - | |
| 3XXX | Total equity | 52,212,086 | 40 | 52,957,488 | 47 | |
| Significant contingent liabilities and unrecognized contract commitments | 9 | |||||
| 3X2X | Total liabilities and equity | $ 129,903,363 | 100 | $ 113,896,730 | 100 |
(Expressed in thousands of New Taiwan dollars, except earnings per share amounts)
REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
| Items | Notes | Year ended December 31 | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| AMOUNT | % | AMOUNT | % | |||
| 4000 | Operating revenue | 6(21) and 7 | $ 122,706,372 | 100 | $ 113,393,698 | 100 |
| 5000 | Operating costs | 6(6) and 7 | ( 61,332,694 ) | ( 50 ) | ( 56,231,862 ) | ( 50 ) |
| 5950 | Gross profit | 61,373,678 | 50 | 57,161,836 | 50 | |
| Operating expenses | 6(26)(27) and 7 | |||||
| 6100 | Selling expenses | ( 5,983,952 ) | ( 5 ) | ( 4,793,105 ) | ( 4 ) | |
| 6200 | General and administrative expenses | ( 5,875,678 ) | ( 5 ) | ( 5,328,736 ) | ( 5 ) | |
| 6300 | Research and development expenses | ( 35,124,986 ) | ( 28 ) | ( 33,543,624 ) | ( 29 ) | |
| 6450 | Expected credit (losses) gains | 12(2) | ( 29,221 ) | - | 5,175 | - |
| 6000 | Total operating expenses | ( 47,013,837 ) | ( 38 ) | ( 43,660,290 ) | ( 38 ) | |
| 6900 | Operating income | 14,359,841 | 12 | 13,501,546 | 12 | |
| Non-operating income and expenses | ||||||
| 7100 | Interest income | 6(22) | 2,666,145 | 2 | 2,792,033 | 2 |
| 7010 | Other income | 6(23) | 190,435 | - | 305,375 | - |
| 7020 | Other gains and losses | 6(24) | 161,013 | - | 71,467 | - |
| 7050 | Finance costs | 6(25) | ( 118,423 ) | - | ( 288,398 ) | - |
| 7060 | Share of profit (loss) of associates and joint ventures accounted for under equity method | 1,517 | - | ( 40,813 ) | - | |
| 7000 | Total non-operating income and expenses | 2,900,687 | 2 | 2,839,664 | 2 | |
| 7900 | Profit before income tax, net | 17,260,528 | 14 | 16,341,210 | 14 | |
| 7950 | Income tax expense | 6(28) | ( 2,507,212 ) | ( 2 ) | ( 1,049,685 ) | ( 1 ) |
| 8200 | Net income for the year | $ 14,753,316 | 12 | $ 15,291,525 | 13 | |
| Other comprehensive income (losses), net | 6(20) | |||||
| Components of other comprehensive income (losses) that will not be reclassified to profit or loss | ||||||
| 8316 | Unrealised gains from investments in equity instruments measured at fair value through other comprehensive income | $ 74,730 | - | $ 229,072 | - | |
| Components of other comprehensive income (losses) that will be reclassified to profit or loss | ||||||
| 8361 | Financial statements translation differences of foreign operations | ( 2,515,370 ) | ( 2 ) | 3,146,510 | 3 | |
| 8300 | Other comprehensive (losses) income, net | ( $ 2,440,640 ) | ( 2 ) | $ 3,375,582 | 3 | |
| 8500 | Total comprehensive income for the year | $ 12,312,676 | 10 | $ 18,667,107 | 16 | |
| Net income attributable to: | ||||||
| 8610 | Equity holders of the parent company | $ 14,753,249 | 12 | $ 15,291,442 | 13 | |
| 8620 | Non-controlling interest | 67 | - | 83 | - | |
| Net income for the year | $ 14,753,316 | 12 | $ 15,291,525 | 13 | ||
| Comprehensive income attributable to: | ||||||
| 8710 | Equity holders of the parent company | $ 12,312,609 | 10 | $ 18,667,024 | 16 | |
| 8720 | Non-controlling interest | 67 | - | 83 | - | |
| Total comprehensive income for the year | $ 12,312,676 | 10 | $ 18,667,107 | 16 | ||
| Earnings per share (in dollars) | ||||||
| 9750 | Basic earnings per share | 6(29) | $ 28.77 | $ 29.82 | ||
| 9850 | Diluted earnings per share | 6(29) | $ 28.06 | $ 29.32 |
(Expressed in thousands of New Taiwan dollars)
EQUIY ATTRIBUTABLE TO OWNERS OF THE PARENT COMPANY
REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
| Retained Earnings | Other equity interest | ||
|---|---|---|---|
| Total | Non-controlling interest | ||
| Notes | Common shares | Financial statements from financial assets measured at fair value through other comprehensive income | |
| Capital surplus | Unrealised income (losses) from financial assets measured at fair value through other comprehensive income | ||
| Unearned employee compensation | Total | ||
| 2024 | |||
| Balance at January 1, 2024 | $ 5,128,636 | $ 542,048 | |
| Net income for the year | - | - | |
| Other comprehensive income for the year | 6(20) | - | |
| Total comprehensive income for the year | - | - | |
| Distribution of 2023 earnings | |||
| Cash dividends | 6(19) | - | |
| Cash from capital surplus | 6(18)(19) | - | |
| Change in equity of associates accounted for under equity method | 6(18) | - | |
| Disposal of financial assets at fair value through other comprehensive income or losses | 6(20) | - | |
| Cash dividends returned | 6(18) | - | |
| Changes in non-controlling interest | - | - | |
| Balance at December 31, 2024 | $ 5,128,636 | $ 287,282 | |
| 2025 | |||
| Balance at January 1, 2025 | $ 5,128,636 | $ 287,282 | |
| Net income for the year | - | - | |
| Other comprehensive (losses) income for the year | 6(20) | - | |
| Total comprehensive income (losses) for the year | - | - | |
| Distribution of 2024 earnings | |||
| Cash dividends | 6(19) | - | |
| Restricted stocks to employees | 6(17)(18) | 26,490 | |
| Compensation cost of share-based payments | 6(15)(20) | - | |
| Disposal of financial assets at fair value through other comprehensive income or losses | 6(20) | - | |
| Cash dividends returned | 6(18) | - | |
| Other changes in capital surplus | 6(18) | - | |
| Changes in non-controlling interest | - | - | |
| Balance at December 31, 2025 | $ 5,155,126 | $ 1,623,486 |
(Expressed in thousands of New Taiwan dollars)
REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
| Year ended December 31 | ||||
|---|---|---|---|---|
| Notes | 2025 | 2024 | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||||
| Profit before tax | $ 17,260,528 | $ 16,341,210 | ||
| Adjustments | ||||
| Adjustments to reconcile profit (loss) | ||||
| Depreciation | 6(26) | 1,535,928 | 1,460,905 | |
| Amortization | 6(11)(26) | 2,183,375 | 1,883,109 | |
| Expected credit losses (gains) | 12(2) | 29,221 | ( 5,175 ) | |
| Interest expense | 6(25) | 118,423 | 288,398 | |
| Interest income | 6(22) | ( 2,666,145 ) | ( 2,792,033 ) | |
| Dividend income | 6(23) | ( 21,117 ) | ( 18,575 ) | |
| Compensation cost of share-based payments | 6(15) | 18,911 | - | |
| Gains on financial assets at fair value through profit or loss | 6(2)(24) | ( 146,367 ) | ( 79,049 ) | |
| Share of (profit) loss of associates and joint ventures accounted for under equity method | 6(7) | ( 1,517 ) | 40,813 | |
| Losses on disposal of property, plant and equipment | 6(24) | 815 | 78 | |
| Impairment losses on financial assets | 6(24) | - | 53,000 | |
| Gains arising from lease modifications | 6(24) | ( 4,385 ) | ( 146 ) | |
| Losses on disposal of investments | 6(24) | 20,277 | - | |
| Changes in operating assets and liabilities | ||||
| Changes in operating assets | ||||
| Financial assets at fair value through profit or loss - current | 553,186 | ( 1,998,912 ) | ||
| Accounts receivable, net | ( 411,305 ) | ( 1,636,134 ) | ||
| Accounts receivable, net - related parties | 317,264 | ( 548,068 ) | ||
| Other receivables | ( 39,663 ) | 10,339 | ||
| Inventories | ( 6,054,865 ) | ( 1,749,115 ) | ||
| Prepayments | ( 290,734 ) | 65,310 | ||
| Changes in operating liabilities | ||||
| Contract liabilities - current | 277,365 | 77,106 | ||
| Notes payable | 5,000 | - | ||
| Accounts payable | 2,140,858 | 2,351,228 | ||
| Accounts payable - related parties | 8,693 | ( 40,733 ) | ||
| Other payables | 4,703,786 | 6,649,569 | ||
| Other payables - related parties | ( 19,486 ) | 20,214 | ||
| Other current liabilities | 2,176,246 | 1,982,664 | ||
| Provisions - non-current | ( 125,752 ) | ( 209,601 ) | ||
| Accrued pension obligations | ( 9,864 ) | ( 2,404 ) |
(Continued)
(Expressed in thousands of New Taiwan dollars)
REALTEK SEMICONDUCTOR CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
| Notes | Year ended December 31 | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Cash inflow generated from operations | $ 21,558,676 | $ 22,143,998 | |
| Interest received | 2,693,271 | 2,793,654 | |
| Dividends received | 21,117 | 18,575 | |
| Interest paid | ( 117,457 ) | ( 292,547 ) | |
| Income tax paid | ( 1,140,264 ) | ( 729,593 ) | |
| Net cash flows from operating activities | 23,015,343 | 23,934,087 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Acquisition of financial assets at fair value through profit or loss | - | ( 4,652,794 ) | |
| Proceeds from disposal of financial assets at fair value through profit or loss | 124,730 | 158,781 | |
| Proceeds from capital reduction of financial assets at fair value through other comprehensive income or losses | 18,091 | 18,093 | |
| Proceeds from disposal of financial assets at fair value through other comprehensive income or losses | 7,615 | 120,509 | |
| Acquisition of financial assets at amortised cost | ( 66,476,831 ) | ( 39,991,204 ) | |
| Proceeds from disposal of financial assets at amortised cost | 54,560,155 | 38,762,429 | |
| Acquisition of investments accounted for using equity method | - | ( 28,350 ) | |
| Proceeds from capital reduction of investments accounted for using equity method | 18,692 | - | |
| Acquisition of property, plant and equipment | 6(30) | ( 2,089,496 ) | ( 2,346,904 ) |
| Acquisition of intangible assets | 6(30) | ( 2,575,197 ) | ( 1,647,943 ) |
| Decrease (increase) in refundable deposits | 94,933 | ( 99,791 ) | |
| Increase in other non-current assets | ( 62,977 ) | - | |
| Net cash flows used in investing activities | ( 16,380,285 ) | ( 9,707,174 ) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Increase in short-term borrowings | 6(31) | 76,660,913 | 88,214,680 |
| Decrease in short-term borrowings | 6(31) | ( 71,070,913 ) | ( 87,964,680 ) |
| Decrease in long-term borrowings | 6(31) | - | ( 2,239,560 ) |
| Repayment of principal portion of lease liabilities | 6(31) | ( 128,744 ) | ( 126,960 ) |
| Decrease in guarantee deposits | 6(31) | ( 179 ) | ( 285 ) |
| Cash from capital surplus and cash dividends | ( 13,078,023 ) | ( 7,949,387 ) | |
| Cash dividends returned | 400 | 351 | |
| Other financing activities | 708 | - | |
| Net cash flows used in financing activities | ( 7,615,838 ) | ( 10,065,841 ) | |
| Effect of exchange rate | ( 765,812 ) | 383,096 | |
| Net (decrease) increase in cash and cash equivalents | ( 1,746,592 ) | 4,544,168 | |
| Cash and cash equivalents at beginning of year | 14,812,459 | 10,268,291 | |
| Cash and cash equivalents at end of year | $ 13,065,867 | $ 14,812,459 |
Attachment 5: Independent Auditors’ Report and 2025 Parent Company Only Financial Statements
INDEPENDENT AUDITORS’ REPORT TRANSLATED FROM CHINESE
PWCR25000260
To the Board of Directors and Shareholders of Realtek Semiconductor Corporation
Opinion
We have audited the accompanying parent company only balance sheets of Realtek Semiconductor Corporation (the “Company”) as at December 31, 2025 and 2024, and the related parent company only statements of comprehensive income, of changes in equity and of cash flows for the years then ended, and notes to the parent company only financial statements, including a summary of material accounting policies.
In our opinion, the accompanying parent company only financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2025 and 2024, and its financial performance and its cash flows for the years then ended in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers.
Basis for opinion
We conducted our audits in accordance with the Regulations Governing Auditing and Attestation of Financial Statements by Certified Public Accountants and Standards on Auditing of the Republic of China. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Parent Company Only Financial Statements section of our report. We are independent of the Company in accordance with the Norm of Professional Ethics for Certified Public Accountants of the Republic of China, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Company’s 2025 parent company only financial statements. These matters were addressed in the context of our audit of the parent company only financial statements as a whole and, in forming our opinion thereon, we do not provide a separate opinion on these matters.
24
Key audit matters for the Company’s 2025 parent company only financial statements are stated as follows:
Evaluation of inventories
Description
Refer to Note 4(12) of the parent company only financial statements for inventory valuation policies, Note 5(2) for uncertainty of accounting estimates and assumptions of inventory valuation and Note 6(4) for the details of inventories.
The Company is primarily engaged in researching, developing, manufacturing, selling of various integrated circuits and related application software. Inventories are stated at the lower of cost and net realizable value. Due to the balances of inventories are significant to the financial statements and the rapid technological changes in the industry, there is a higher risk of decline in market value and obsolescence of inventories. Thus, we considered the valuation of inventories as one of the key audit matters.
25
How our audit addressed the matter
We performed the following audit procedures in respect of the above key audit matter:
- Obtained an understanding of accounting policies on the provision for inventory valuation losses and assessed the reasonableness.
- Validated the accuracy of inventory aging report, as well as sampled and confirmed the consistency of quantities and amounts with detailed inventory listing, verified dates of movements with supporting documents and ensured the proper categorization of inventory aging report.
- Evaluated and confirmed the reasonableness of net realizable value for inventories through validating respective supporting documents.
Responsibilities of management and those charged with governance for the parent company only financial statements
Management is responsible for the preparation and fair presentation of the parent company only financial statements in accordance with the Regulations Governing the Preparation of Financial Reports by Securities Issuers, and for such internal control as management determines is necessary to enable the preparation of parent company only financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the parent company only financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Those charged with governance, including the audit committee, are responsible for overseeing the Company's financial reporting process.
26
27
Auditor’s responsibilities for the audit of the parent company only financial statements
Our objectives are to obtain reasonable assurance about whether the parent company only financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Standards of Auditing of the Republic of China will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these parent company only financial statements.
As part of an audit in accordance with Standards on Auditing of the Republic of China, we exercise professional judgement and skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the parent company only financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
-
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our report to the related disclosures in the parent company only financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the parent company only financial statements, including the disclosures, and whether the parent company only financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Company to express an opinion on the parent company only financial statements. We are responsible for the direction, supervision and performance of the audit. We remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
28
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the parent company only financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Li, Tien-Yi
Cheng, Ya-Huei
For and on behalf of PricewaterhouseCoopers, Taiwan
February 26, 2026
The accompanying parent company only financial statements are not intended to present the financial position and results of operations and cash flows in accordance with accounting principles generally accepted in countries and jurisdictions other than the Republic of China. The standards, procedures and practices in the Republic of China governing the audit of such financial statements may differ from those generally accepted in countries and jurisdictions other than the Republic of China. Accordingly, the accompanying parent company only financial statements and independent auditors’ report are not intended for use by those who are not informed about the accounting principles or auditing standards generally accepted in the Republic of China, and their applications in practice.
As the financial statements are the responsibility of the management, PricewaterhouseCoopers cannot accept any liability for the use of, or reliance on, the English translation or for any errors or misunderstandings that may derive from the translation.
29
(Expressed in thousands of New Taiwan dollars)
REALTEK SEMICONDUCTOR CORPORATION
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
| Assets | Notes | December 31, 2025 | December 31, 2024 | |||
|---|---|---|---|---|---|---|
| AMOUNT | % | AMOUNT | % | |||
| Current assets | ||||||
| 1100 | Cash and cash equivalents | 6(1) | $ 8,361,031 | 7 | $ 7,083,963 | 7 |
| 1110 | Financial assets at fair value through profit or loss - current | 526,220 | - | 677,158 | 1 | |
| 1136 | Financial assets at amortised cost - current | 6(2) | ||||
| 1170 | Accounts receivable, net | 6(3) | 5,658,794 | 5 | 1,639,050 | 2 |
| 1180 | Accounts receivable, net - related parties | 6(3) and 7 | 9,676,194 | 8 | 7,013,282 | 7 |
| 1200 | Other receivables | 1,684,545 | 1 | 1,453,622 | 1 | |
| 1210 | Other receivables - related parties | 7 | 109,137 | - | 80,594 | - |
| 130X | Inventories, net | 6(4) | 61,886 | - | 244,160 | - |
| 1410 | Prepayments | 15,264,019 | 13 | 9,218,023 | 9 | |
| 11XX | Total current assets | 584,405 | 1 | 332,823 | - | |
| Non-current assets | ||||||
| 1517 | Financial assets at fair value through other comprehensive income - non-current | 67,771 | - | 73,865 | - | |
| 1535 | Financial assets at amortised cost - non-current | 6(2) and 8 | 168,161 | - | 140,453 | - |
| 1550 | Investments accounted for under equity method | 6(5) | 58,860,934 | 50 | 59,274,486 | 57 |
| 1600 | Property, plant and equipment | 6(6) | 10,178,316 | 9 | 9,245,962 | 9 |
| 1755 | Right-of-use assets | 6(7) | 1,341,981 | 1 | 1,546,507 | 2 |
| 1780 | Intangible assets | 6(8) | 3,296,541 | 3 | 2,618,949 | 3 |
| 1840 | Deferred income tax assets | 6(24) | 432,717 | - | 360,563 | - |
| 1900 | Other non-current assets | 9 | 2,229,563 | 2 | 2,267,910 | 2 |
| 15XX | Total non-current assets | 76,575,984 | 65 | 75,528,695 | 73 | |
| 1XXX | Total assets | $ 118,502,215 | 100 | $ 103,271,370 | 100 |
(Continued)
(Expressed in thousands of New Taiwan dollars)
REALTEK SEMICONDUCTOR CORPORATION
PARENT COMPANY ONLY BALANCE SHEETS
DECEMBER 31, 2025 AND 2024
| Liabilities and Equity | Notes | December 31, 2025 | December 31, 2024 | |||
|---|---|---|---|---|---|---|
| AMOUNT | % | AMOUNT | % | |||
| Current liabilities | ||||||
| 2100 | Short-term borrowings | 6(9) | $ 10,090,000 | 9 | $ 4,500,000 | 4 |
| 2130 | Contract liabilities - current | 6(17) | 559,684 | 1 | 183,330 | - |
| 2150 | Notes payable | 5,000 | - | - | - | |
| 2170 | Accounts payable | 8,894,260 | 8 | 5,627,798 | 6 | |
| 2180 | Accounts payable - related parties | 7 | 231,288 | - | 212,428 | - |
| 2200 | Other payables | 6(10) | 34,370,362 | 29 | 29,134,620 | 28 |
| 2220 | Other payables - related parties | 7 | 249,398 | - | 77,329 | - |
| 2230 | Current income tax liabilities | 1,619,174 | 1 | 1,622,093 | 2 | |
| 2280 | Lease liabilities - current | 31,585 | - | 42,060 | - | |
| 2300 | Other current liabilities | 6(17) | 8,730,213 | 7 | 7,278,485 | 7 |
| 21XX | Total current liabilities | 64,780,964 | 55 | 48,678,143 | 47 | |
| Non-current liabilities | ||||||
| 2570 | Deferred income tax liabilities | 6(24) | 335,248 | - | 265,722 | 1 |
| 2580 | Lease liabilities - non-current | 1,104,827 | 1 | 1,296,801 | 1 | |
| 2600 | Other non-current liabilities | 6(11) | 78,808 | - | 82,941 | - |
| 25XX | Total non-current liabilities | 1,518,883 | 1 | 1,645,464 | 2 | |
| 2XXX | Total liabilities | 66,299,847 | 56 | 50,323,607 | 49 | |
| Equity | ||||||
| Share capital | 6(13) | |||||
| 3110 | Common shares | 5,155,126 | 4 | 5,128,636 | 5 | |
| Capital surplus | 6(14) | |||||
| 3200 | Capital surplus | 1,623,486 | 1 | 287,282 | - | |
| Retained earnings | 6(15) | |||||
| 3310 | Legal reserve | 8,882,764 | 8 | 8,882,764 | 9 | |
| 3350 | Undistributed earnings | 33,732,665 | 28 | 32,051,651 | 31 | |
| Other equity interest | 6(16) | |||||
| 3400 | Other equity interest | 2,808,327 | 3 | 6,597,430 | 6 | |
| 3XXX | Total equity | 52,202,368 | 44 | 52,947,763 | 51 | |
| Significant contingent liabilities and unrecognized contract commitments | 9 | |||||
| 3X2X | Total liabilities and equity | $ 118,502,215 | 100 | $ 103,271,370 | 100 |
REALTEK SEMICONDUCTOR CORPORATION
PARENT COMPANY ONLY STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars, except earnings per share amounts)
| Items | Notes | Year ended December 31 | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| AMOUNT | % | AMOUNT | % | |||
| 4000 | Operating revenue | 6(17) and 7 | $ 85,368,355 | 100 | $ 75,482,296 | 100 |
| 5000 | Operating costs | 6(4) and 7 | ( 44,222,359 ) | ( 52 ) | ( 39,649,469 ) | ( 53 ) |
| 5900 | Gross profit | 41,145,996 | 48 | 35,832,827 | 47 | |
| 5910 | Unrealized profit from sales | ( 30 ) | - | ( 173 ) | - | |
| 5920 | Realized profit from sales | 48 | - | 280 | - | |
| 5950 | Net operating margin | 41,146,014 | 48 | 35,832,934 | 47 | |
| Operating expenses | 6(22)(23) and 7 | |||||
| 6100 | Selling expenses | ( 4,416,086 ) | ( 5 ) | ( 3,708,204 ) | ( 5 ) | |
| 6200 | General and administrative expenses | ( 4,100,089 ) | ( 5 ) | ( 3,841,679 ) | ( 5 ) | |
| 6300 | Research and development expenses | ( 28,841,156 ) | ( 34 ) | ( 28,103,442 ) | ( 37 ) | |
| 6450 | Expected credit (losses) gains | 12(2) | ( 29,221 ) | - | 5,175 | - |
| 6000 | Total operating expenses | ( 37,386,552 ) | ( 44 ) | ( 35,648,150 ) | ( 47 ) | |
| 6900 | Operating income | 3,759,462 | 4 | 184,784 | - | |
| Non-operating income and expenses | ||||||
| 7100 | Interest income | 6(18) and 7 | 400,812 | 1 | 338,243 | 1 |
| 7010 | Other income | 6(19) and 7 | 129,372 | - | 243,727 | - |
| 7020 | Other gains and losses | 6(20) | 6,776 | - | 87,902 | - |
| 7050 | Finance costs | 6(21) | ( 110,610 ) | - | ( 279,055 ) | - |
| 7070 | Share of profit of associates and joint ventures accounted for under equity method | 6(5) | ||||
| 11,171,092 | 13 | 15,397,428 | 20 | |||
| 7000 | Total non-operating income and expenses | 11,597,442 | 14 | 15,612,441 | 21 | |
| 7900 | Profit before income tax, net | 15,356,904 | 18 | 15,797,225 | 21 | |
| 7950 | Income tax expense | 6(24) | ( 603,655 ) | ( 1 ) | ( 505,783 ) | ( 1 ) |
| 8200 | Net income for the year | $ 14,753,249 | 17 | $ 15,291,442 | 20 | |
| Other comprehensive income (losses), net | 6(16) | |||||
| Components of other comprehensive income (losses) that will not be reclassified to profit or loss | ||||||
| 8316 | Unrealised losses from investments in equity instruments measured at fair value through other comprehensive income | ($ 6,094 ) | - | ($ 107,036 ) | - | |
| 8330 | Share of other comprehensive income of associates and joint ventures accounted for under equity method | 80,824 | - | 336,108 | 1 | |
| 8310 | Total other comprehensive income that will not be reclassified to profit or loss | 74,730 | - | 229,072 | 1 | |
| Components of other comprehensive income (losses) that will be reclassified to profit or loss | ||||||
| 8380 | Share of other comprehensive (losses) income of associates and joint ventures accounted for under equity method | ( 2,515,370 ) | ( 3 ) | 3,146,510 | 4 | |
| 8300 | Other comprehensive (losses) income, net | ($ 2,440,640 ) | ( 3 ) | $ 3,375,582 | 5 | |
| 8500 | Total comprehensive income for the year | $ 12,312,609 | 14 | $ 18,667,024 | 25 | |
| Earnings per share (in dollars) | ||||||
| 9750 | Basic earnings per share | 6(25) | $ | 28.77 | $ | 29.82 |
| 9850 | Diluted earnings per share | 6(25) | $ | 28.06 | $ | 29.32 |
(Expressed in thousands of New Taiwan dollars)
REALTEK SEMICONDUCTOR CORPORATION
PARENT COMPANY ONLY STATEMENTS OF CHANGES IN EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
| Notes | Common shares | Capital surplus | Retained earnings | Other equity interest | ||||
|---|---|---|---|---|---|---|---|---|
| Legal reserve | Undistributed earnings | Financial statements translation differences of foreign operations | Unrealised income (losses) from financial assets measured at fair value through other comprehensive income | Unearned compensation | ||||
| 2024 | ||||||||
| Balance at January 1, 2024 | $ 5,128,636 | $ 542,048 | $ 8,882,764 | $ 24,845,272 | $ 1,578,157 | $ 1,251,583 | $ - | |
| Net income for the year | - | - | - | 15,291,442 | - | - | 15,291,442 | |
| Other comprehensive income for the year | 6(16) | - | - | - | - | 3,146,510 | 229,072 | - |
| Total comprehensive income for the year | - | - | - | 15,291,442 | 3,146,510 | 229,072 | - | |
| Distribution of 2023 earnings | ||||||||
| Cash dividends | 6(15) | - | - | - | (7,692,955) | - | - | (7,692,955) |
| Cash from capital surplus | 6(14)(15) | - | (256,432) | - | - | - | - | (256,432) |
| Changes in equity of associates accounted for under equity method | 6(14) | - | 1,315 | - | - | - | - | 1,315 |
| Disposal of financial assets at fair value through other comprehensive income or losses | 6(16) | - | - | - | (392,108) | - | 392,108 | - |
| Cash dividends returned | 6(14) | - | 351 | - | - | - | - | 351 |
| Balance at December 31, 2024 | $ 5,128,636 | $ 287,282 | $ 8,882,764 | $ 32,051,651 | $ 4,724,667 | $ 1,872,763 | $ - | |
| 2025 | ||||||||
| Balance at January 1, 2025 | $ 5,128,636 | $ 287,282 | $ 8,882,764 | $ 32,051,651 | $ 4,724,667 | $ 1,872,763 | $ - | |
| Net income for the year | - | - | - | 14,753,249 | - | - | 14,753,249 | |
| Other comprehensive (losses) income for the year | 6(16) | - | - | - | - | (2,515,370) | 74,730 | - |
| Total comprehensive income (losses) for the year | - | - | - | 14,753,249 | (2,515,370) | 74,730 | - | |
| Distribution of 2024 earnings | ||||||||
| Cash dividends | 6(15) | - | - | - | (13,078,023) | - | - | (13,078,023) |
| Restricted stocks to employees | 6(13)(14) | 26,490 | 1,335,096 | - | - | - | (1,361,586) | - |
| Compensation cost of share-based payments | 6(12)(16) | - | - | - | - | - | 18,911 | 18,911 |
| Disposal of financial assets at fair value through other comprehensive income or losses | 6(16) | - | - | - | 5,788 | - | (5,788) | - |
| Cash dividends returned | 6(14) | - | 400 | - | - | - | - | 400 |
| Other changes in capital surplus | 6(14) | - | 708 | - | - | - | - | 708 |
| Balance at December 31, 2025 | $ 5,155,126 | $ 1,623,486 | $ 8,882,764 | $ 33,732,665 | $ 2,209,297 | $ 1,941,705 | $ (1,342,675) |
REALTEK SEMICONDUCTOR CORPORATION
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
| Year ended December 31 | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Profit before tax | $ 15,356,904 | $ 15,797,225 | |
| Adjustments | |||
| Adjustments to reconcile profit (loss) | |||
| Depreciation | 6(22) | 1,364,143 | 1,282,590 |
| Amortization | 6(8)(22) | 2,165,388 | 1,863,142 |
| Expected credit losses (gains) | 12(2) | 29,221 | ( 5,175 ) |
| Interest expense | 6(21) | 110,610 | 279,055 |
| Interest income | 6(18) | ( 400,812 ) | ( 338,243 ) |
| Dividend income | 6(19) | ( 320 ) | ( 320 ) |
| Compensation cost of share-based payments | 6(12) | 18,911 | - |
| Losses on financial assets at fair value through profit or loss | 6(20) | 24,237 | 40,871 |
| Share of profit of associates and joint ventures accounted for under equity method | 6(5) | ( 11,171,092 ) | ( 15,397,428 ) |
| Impairment losses on financial assets | 6(20) | - | 53,000 |
| Gains arising from lease modifications | 6(20) | ( 4,385 ) | - |
| Losses on disposal of investments | 20,277 | - | |
| Unrealized profit from sales | ( 18 ) | ( 107 ) | |
| Unrealized loss from disposals of intangible assets | 35,999 | - | |
| Changes in operating assets and liabilities | |||
| Changes in operating assets | |||
| Accounts receivable, net | ( 2,689,800 ) | 609,474 | |
| Accounts receivable, net - related parties | ( 233,256 ) | ( 91,614 ) | |
| Other receivables | ( 16,003 ) | 3,077 | |
| Other receivables, - related parties | ( 431 ) | ( 3,014 ) | |
| Inventories | ( 6,045,996 ) | ( 1,398,144 ) | |
| Prepayments | ( 251,582 ) | 36,223 | |
| Changes in operating liabilities | |||
| Contract liabilities - current | 376,354 | 51,477 | |
| Notes payable | 5,000 | - | |
| Accounts payable | 3,266,462 | 669,791 | |
| Accounts payable - related parties | 18,860 | ( 99,422 ) | |
| Other payables | 4,507,503 | 7,356,370 | |
| Other payables - related parties | 172,069 | ( 201,935 ) | |
| Other current liabilities | 1,451,728 | 1,648,336 | |
| Accrued pension obligations | ( 3,954 ) | ( 3,602 ) |
(Continued)
35
REALTEK SEMICONDUCTOR CORPORATION
PARENT COMPANY ONLY STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024
(Expressed in thousands of New Taiwan dollars)
| Year ended December 31 | |||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| Cash inflow generated from operations | $ | 8,106,017 | $ 12,151,627 |
| Interest received | 388,272 | 255,792 | |
| Dividends received | 9,114,437 | 6,526,861 | |
| Interest paid | ( | 109,644 ) | ( 283,204 ) |
| Income taxes paid | ( | 606,605 ) | ( 645,341 ) |
| Net cash flows from operating activities | 16,892,477 | 18,005,735 | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Acquisition of financial assets at fair value through profit or loss | - | ( 638,506 ) | |
| Proceeds from disposal of financial assets at fair value through profit or loss | 106,424 | - | |
| Acquisition of financial assets at amortised cost | ( | 11,665,592 ) | ( 1,689,905 ) |
| Proceeds from disposal of financial assets at amortised cost | 7,618,140 | - | |
| Increase in other receivables, - related parties | ( | 9,167,328 ) | ( 5,661,498 ) |
| Decrease in other receivables, - related parties | 9,350,033 | 8,644,877 | |
| Acquisition of property, plant and equipment | 6(26) | ( 1,945,068 ) | ( 2,269,618 ) |
| Acquisition of intangible assets | 6(26) | ( 2,424,598 ) | ( 1,638,738 ) |
| Decrease (increase) in refundable deposits | 98,347 | ( 97,743 ) | |
| Increase in other non-current assets | ( 60,000 ) | - | |
| Net cash flows used in investing activities | ( 8,089,642 ) | ( 3,351,131 ) | |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Increase in short-term borrowings | 6(27) | 76,660,913 | 88,214,680 |
| Decrease in short-term borrowings | 6(27) | ( 71,070,913 ) | ( 87,964,680 ) |
| Decrease in long-term borrowings | 6(27) | - | ( 2,239,560 ) |
| Repayment of principal portion of lease liabilities | 6(27) | ( 38,673 ) | ( 38,622 ) |
| (Decrease) increase in guarantee deposits | 6(27) | ( 179 ) | 178 |
| Cash from capital surplus and cash dividends | ( 13,078,023 ) | ( 7,949,387 ) | |
| Cash dividends returned | 400 | 351 | |
| Other financing activities | 708 | - | |
| Net cash flows used in financing activities | ( 7,525,767 ) | ( 9,977,040 ) | |
| Net increase in cash and cash equivalents | 1,277,068 | 4,677,564 | |
| Cash and cash equivalents at beginning of year | 7,083,963 | 2,406,399 | |
| Cash and cash equivalents at end of year | $ 8,361,031 | $ 7,083,963 |