Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on July 9, 2012, to announce unaudited consolidated net revenues for June 2012 and the second quarter (Q2) of 2012. ASE is a leading provider of outsourced semiconductor packaging and testing services. The reporting period covers the month of June 2012 and the quarter ended June 30, 2012.
Key Financial Metrics
The filing provides revenue data in both New Taiwan Dollars (NT$) and US Dollars (US$). Profit, cash flow, margins, debt, and liquidity figures are not included in this specific press release.
| Metric | June 2012 | Q2 2012 |
|---|---|---|
| Consolidated Net Revenue (NT$ Million) | 15,370 | 45,872 |
| Consolidated Net Revenue (US$ Million) | 516 | 1,554 |
| ATM Net Revenue (NT$ Million) | 10,782 | Not provided |
| ATM Net Revenue (US$ Million) | 362 | Not provided |
Note: ATM refers to Assembly, Test, and Material business excluding Universal Scientific Industrial Co., Ltd. (USI).
Material Changes vs. Prior Periods
- June 2012 vs. May 2012 (Sequential): Consolidated net revenues decreased by 1.7% (NT$) and 3.1% (US$). ATM net revenues decreased by 2.6% (NT$) and 4.0% (US$).
- June 2012 vs. June 2011 (Year-over-Year): Consolidated net revenues increased by 4.5% (NT$) and 0.9% (US$). ATM net revenues increased by 2.3% (NT$) but decreased by 1.2% (US$).
- Q2 2012 vs. Q1 2012 (Sequential): Consolidated net revenues increased by 6.4% (NT$) and 7.1% (US$).
- Q2 2012 vs. Q2 2011 (Year-over-Year): Consolidated net revenues decreased by 0.8% (NT$) and 3.0% (US$).
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or quantitative outlook for future periods. It includes a Safe Harbor Notice regarding forward-looking statements, cautioning that actual results may differ due to various risks. Key risks identified include:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment.
- Ability to introduce new packaging and testing technologies.
- Integration of pending and future mergers and acquisitions.
- Fluctuations in foreign currency exchange rates.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
Investor Verification Checklist
- Verify the impact of currency exchange rate fluctuations on the discrepancy between NT$ and US$ year-over-year growth rates.
- Confirm the specific contribution of Universal Scientific Industrial Co., Ltd. (USI) to the consolidated revenue figures, as ATM figures exclude USI.
- Review the full 2011 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor upcoming filings for profit margins and cash flow data, which are absent in this revenue-only announcement.