Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on March 8, 2010, reporting unaudited consolidated net revenues for February 2010. The company operates in the outsourced semiconductor packaging and testing sector.
Key Financial Metrics
| Metric | February 2010 | January 2010 | February 2009 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 12,984 | 8,723 | 4,286 |
| Sequential Change | +48.8% | - | - |
| Year-over-Year Change | +202.9% | - | - |
Note: The filing does not provide specific data for profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Revenue Surge: Net revenues increased 48.8% sequentially and 202.9% year-over-year.
- Consolidation Impact: Starting February 1, 2010, the consolidated revenues of Universal Scientific Industrial Co., Ltd. were included in ASE's consolidated revenues, significantly contributing to the reported figures.
Outlook, Risks, and Management Commentary
The filing contains forward-looking statements subject to various risks. Management highlighted the following factors that could cause actual results to differ materially:
- Cyclicality and market conditions in the semiconductor industry.
- Competitive pressures and the need to introduce new packaging and testing technologies.
- Integration risks associated with pending and future mergers and acquisitions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Foreign currency exchange rate fluctuations.
- General economic conditions and the global financial crisis.
Investor Verification Checklist
- Verify the specific revenue contribution of Universal Scientific Industrial Co., Ltd. to the February 2010 total to isolate organic growth.
- Review the 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 the Universal Scientific Industrial consolidation on future quarterly comparisons.