Business Context and Reporting Period
Company: Advanced Semiconductor Engineering, Inc. (ASE Technology Holding Co., Ltd.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: December 7, 2009
Reporting Period: Monthly results for November 2009
Business: Outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | Nov 2009 | Oct 2009 | Nov 2008 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Net Revenues (NT$ Million) | 8,686 | 8,910 | 6,140 | -2.5% | +41.5% |
Note: The filing provides unaudited consolidated net revenues only. Data regarding profit, cash flow, margins, debt, and liquidity is not included in this specific monthly report.
Material Changes
- Sequential Decline: Net revenues decreased by 2.5% compared to October 2009.
- Year-Over-Year Growth: Net revenues increased significantly by 41.5% compared to November 2008, indicating a recovery trend from the prior year.
Guidance, Outlook, and Risks
Management Commentary: The filing contains no specific forward-looking guidance or management commentary regarding future quarters beyond the standard Safe Harbor notice.
Risks and Contingencies: The company highlights several risks that could cause actual results to differ from expectations:
- Cyclicality and market conditions in the semiconductor industry.
- Competitive pressures and the need to introduce new packaging and testing technologies.
- Integration risks from pending and future mergers and acquisitions.
- General economic conditions, including the global financial crisis.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Foreign currency exchange rate fluctuations.
Investor Verification Checklist
- Verify the full quarterly or annual financial statements to assess profitability, cash flow, and debt levels, as this filing only reports revenue.
- Review the 2008 Annual Report on Form 20-F (filed June 24, 2009) for a detailed discussion of risk factors.
- Monitor subsequent monthly revenue announcements to confirm if the sequential decline in November 2009 was a temporary fluctuation or a trend.
- Assess the impact of currency exchange rates on reported NT$ figures for international investors.