Business Context and Reporting Period
Company: ChipMOS Technologies Inc. (NASDAQ: IMOS)
Reporting Period: January 2017 (Reported February 10, 2017)
Business Overview: ChipMOS is an industry-leading provider of outsourced semiconductor assembly and test services (OSAT) with facilities in Taiwan. The filing reports unaudited consolidated revenue for January 2017.
Key Financial Metrics
The filing provides revenue data but does not disclose profit, cash flow, margins, debt, or liquidity figures for the period.
Revenue Performance (Excluding ChipMOS Shanghai)
Revenue is reported excluding ChipMOS Shanghai, which is classified as a discontinued operation pending the sale of 54.98% of its equity.
| Metric | January 2017 | December 2016 | January 2016 | MoM Change | YoY Change |
|---|---|---|---|---|---|
| Revenue (NT$ million) | 1,556.5 | 1,587.7 | 1,506.5 | -2.0% | +3.3% |
| Revenue (US$ million) | 49.9 | 50.9 | 48.3 | -2.0% | +3.3% |
Note: US$ figures based on an exchange rate of NT$31.19 to US$1.00 as of January 31, 2017.
Revenue Performance (Including ChipMOS Shanghai)
| Metric | January 2017 | December 2016 | January 2016 | MoM Change | YoY Change |
|---|---|---|---|---|---|
| Revenue (NT$ million) | 1,635.2 | 1,677.6 | 1,601.3 | -2.5% | +2.1% |
| Revenue (US$ million) | 52.4 | 53.8 | 51.3 | -2.5% | +2.1% |
Material Changes and Unusual Items
- Discontinued Operation: ChipMOS Shanghai revenue is excluded from primary reporting following a Board approval on November 30, 2016, to sell 54.98% of the subsidiary. The transaction was pending regulatory approval as of December 31, 2016.
- Future Income Recognition: The Company expects to recognize 45.02% of the net income generated by ChipMOS Shanghai upon the closure of the proposed joint-venture agreement.
- Revenue Trend: Revenue decreased month-over-month in January 2017 compared to December 2016 but increased year-over-year compared to January 2016.
Guidance, Outlook, and Risks
Guidance: The filing does not provide specific financial guidance or forecasts for future periods.
Forward-Looking Statements: The document contains forward-looking statements regarding strategy, goals, and future performance. Actual results may differ materially due to risks discussed in the Company's Form F-4 registration statement.
Risks: The filing references general risks and uncertainties associated with forward-looking statements but does not detail specific new risks in this text.
Investor Verification Checklist
- Verify the status of the regulatory approval for the sale of 54.98% of ChipMOS Shanghai equity.
- Confirm the closing date of the ChipMOS Shanghai joint-venture agreement to determine when the 45.02% net income recognition will occur.
- Review the full Form F-4 registration statement for detailed risk factors not summarized in this 6-K.
- Monitor subsequent filings for profit, cash flow, and margin data, which are absent from this monthly revenue report.