Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on December 9, 2013, reporting unaudited consolidated net revenues for November 2013. ASE is a foreign private issuer based in Kaoshiung, Taiwan, providing outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | Nov 2013 (NT$M) | Oct 2013 (NT$M) | Nov 2012 (NT$M) | Seq. Change | YoY Change |
|---|---|---|---|---|---|
| Consolidated Net Revenues | 21,974 | 20,763 | 19,373 | +5.8% | +13.4% |
| Consolidated Net Revenues (US$M) | 747 | 707 | 665 | +5.8% | +12.4% |
| ATM Net Revenues (Excl. USI) | 12,396 | 13,149 | 11,823 | -5.7% | +4.8% |
| ATM Net Revenues (US$M) | 422 | 448 | 406 | -5.8% | +3.9% |
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Consolidated Growth: Total consolidated revenues increased 5.8% sequentially and 13.4% year-over-year in local currency.
- Core Business Decline: Revenues from the core Assembly, Test, and Material (ATM) business, excluding Universal Scientific Industrial Co., Ltd. (USI), declined 5.7% sequentially and grew only 4.8% year-over-year.
- USI Impact: The divergence between consolidated growth and ATM decline indicates significant revenue contribution from the USI consolidation.
Outlook, Risks, and Commentary
The filing contains no specific forward-looking guidance or management commentary regarding future quarters. It includes a standard Safe Harbor Notice identifying risks such as:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment.
- Ability to introduce new packaging and testing technologies.
- Integration of mergers and acquisitions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Foreign currency exchange rate fluctuations.
Investor Verification Checklist
- Verify the specific revenue contribution of Universal Scientific Industrial Co., Ltd. (USI) to the consolidated total versus the core ATM business.
- Confirm the exchange rate used for the conversion from NT$ to US$ to validate the reported percentage changes.
- Review the 2012 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor subsequent filings for profit margins and cash flow data, which are absent in this monthly revenue report.