Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on September 9, 2014, reporting unaudited consolidated net revenues for August 2014. ASE is a foreign private issuer incorporated in Taiwan, providing outsourced semiconductor packaging, testing, and electronic manufacturing services.
Key Financial Metrics
| Metric | August 2014 (NT$ Million) | August 2014 (US$ Million) |
|---|---|---|
| Consolidated Net Revenues | 20,934 | 700 |
| ATM Net Revenues (Excluding USI) | 13,912 | 465 |
| Sequential Change (Consolidated) | +4.4% | +4.3% |
| Year-over-Year Change (Consolidated) | +11.2% | +11.1% |
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Sequential Growth: Consolidated net revenues increased by 4.4% compared to July 2014.
- Year-over-Year Growth: Consolidated net revenues increased by 11.2% compared to August 2013.
- Segment Performance: ATM assembly, test, and material business (excluding Universal Scientific Industrial Co., Ltd.) grew 3.8% sequentially and 10.8% year-over-year.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future performance beyond the standard Safe Harbor Notice. The company highlights several risks that could cause actual results to differ materially from forward-looking statements, 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 impact of the Universal Scientific Industrial Co., Ltd. consolidation on total revenue figures.
- Review the 2013 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor foreign currency exchange rates, as revenue is reported in both NT$ and US$.
- Assess the sustainability of the 11% year-over-year growth in the context of semiconductor industry cyclicality.