Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on May 7, 2010, reporting unaudited consolidated net revenues for April 2010. The company operates in the outsourced semiconductor packaging and testing industry.
Key Financial Metrics
| Metric (NT$ Million) | April 2010 | March 2010 | April 2009 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Consolidated Net Revenues | 14,663 | 15,847 | 6,116 | -7.5% | +139.8% |
| ATM Net Revenues (Excl. USI) | 9,972 | 10,002 | 6,116 | -0.3% | +63.1% |
Note: Starting February 1, 2010, Universal Scientific Industrial Co., Ltd.'s (USI) consolidated revenues were included in ASE's consolidated revenues. The filing does not provide data on profit, cash flow, margins, debt, or liquidity.
Material Changes
- Year-over-Year Growth: Consolidated net revenues surged 139.8% compared to April 2009, driven significantly by the inclusion of USI revenues and general market recovery.
- Sequential Decline: Consolidated revenues decreased 7.5% from March 2010 to April 2010.
- Core Business Stability: Excluding USI, the core Assembly, Test, and Material (ATM) business remained relatively flat with a 0.3% sequential decline but showed strong 63.1% year-over-year growth.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future quarters beyond standard forward-looking statements. The document includes a Safe Harbor Notice highlighting significant risks, including:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment.
- Ability to integrate mergers and acquisitions (specifically referencing the USI consolidation).
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
- General economic conditions and the recent global financial crisis.
Investor Verification Checklist
- Verify the exact contribution of Universal Scientific Industrial Co., Ltd. (USI) to the April 2010 consolidated revenue figure to isolate organic growth.
- Review the full 2008 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.
- Assess the impact of foreign currency exchange rate fluctuations on reported NT$ figures.