Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE), a foreign private issuer based in Taiwan, filed this Form 6-K on April 7, 2009. The filing announces unaudited consolidated net revenues for the month of March 2009 and the first quarter (Q1) of 2009.
Key Financial Metrics
The filing provides revenue data in New Taiwan Dollars (NT$) millions. Profit, cash flow, margins, debt, and liquidity figures are not included in this specific press release.
| Period | Net Revenues (NT$ Million) | Sequential Change | Year-over-Year Change |
|---|---|---|---|
| March 2009 | 5,495 | +28.2% | -34.5% |
| Q1 2009 | 13,397 | -26.8% | -45.7% |
Material Changes Versus Prior Periods
- Monthly Trend: March 2009 revenues increased by 28.2% sequentially compared to February 2009 (NT$ 4,286 million), indicating a month-over-month recovery.
- Quarterly Trend: Q1 2009 revenues declined by 26.8% sequentially compared to Q4 2008 (NT$ 18,311 million).
- Year-over-Year Trend: Both March 2009 and Q1 2009 showed significant declines compared to the same periods in 2008, with drops of 34.5% and 45.7% respectively, reflecting the impact of the global semiconductor downturn.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or quantitative outlook for future periods. Management included a Safe Harbor Notice regarding forward-looking statements, highlighting several material risks:
- Cyclicality and market conditions in the semiconductor industry.
- Global financial crisis and general economic conditions.
- Highly competitive industry environment and demand for outsourced packaging and testing services.
- Fluctuations in foreign currency exchange rates.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Integration risks associated with pending or future mergers and acquisitions.
Investor Verification Checklist
- Verify the full Q1 2009 earnings report for profit margins, operating expenses, and net income, as this filing only covers revenue.
- Confirm the impact of the global financial crisis on specific customer segments and order backlogs.
- Review the company's capital expenditure plans and liquidity position in the context of the 45.7% year-over-year revenue decline.
- Monitor foreign exchange rate fluctuations, as revenues are reported in NT$ but the company has significant international operations.