Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on March 7, 2016, to report unaudited consolidated net revenues for the month ended February 2016. ASE is a leading provider of outsourced semiconductor packaging, testing, and electronic manufacturing services.
Key Financial Metrics
The filing provides monthly revenue data but does not disclose profit, cash flow, margins, debt, or liquidity metrics for the period.
| Metric | Feb 2016 (NT$ Million) | Jan 2016 (NT$ Million) | Feb 2015 (NT$ Million) | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Consolidated Net Revenues | 17,647 | 21,174 | 18,982 | -16.7% | -7.0% |
| ATM Business Net Revenues | 11,384 | 11,773 | 12,188 | -3.3% | -6.6% |
In US Dollars, consolidated net revenues were $531 million for February 2016, compared to $640 million in January 2016 and $606 million in February 2015.
Material Changes
- Sequential Decline: Consolidated net revenues dropped 16.7% month-over-month from January 2016 to February 2016.
- Year-Over-Year Decline: Consolidated net revenues decreased 7.0% compared to February 2015.
- ATM Segment: The Assembly, Testing, and Material (ATM) business saw a smaller sequential decline of 3.3% but a year-over-year decline of 6.6%.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future performance beyond standard forward-looking statements. The document includes a Safe Harbor Notice highlighting risks that could cause actual results to differ materially, including:
- Cyclicality and market conditions in the semiconductor industry.
- Regulatory changes and environmental liabilities.
- Highly competitive industry dynamics and technology introduction challenges.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Foreign currency exchange rate fluctuations.
Investor Verification Checklist
- Verify the reasons for the significant 16.7% sequential revenue drop in February 2016.
- Confirm the impact of foreign currency exchange rates on the reported US dollar figures versus New Taiwan Dollar figures.
- Review the company's 2014 Annual Report on Form 20-F for detailed risk factors and historical context.
- Monitor subsequent filings for profit margins and cash flow data, which are not included in this monthly revenue report.