Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on May 9, 2006, to report unaudited consolidated net revenues for the month of April 2006. ASE is a foreign private issuer based in Kaoshiung, Taiwan, providing outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | April 2006 | March 2006 | April 2005 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 8,627 | 8,743 | 5,904 |
| Sequential Change | -1.3% | - | - |
| Year-over-Year Change | +46.1% | - | - |
Note: The filing text does not provide clear values for profit, cash flow, margins, debt, or liquidity for this specific period. April 2005 revenues were retroactively adjusted to net out revenues from the discontinuing operations of ASE Malaysia's Camera Module assembly operation.
Material Changes
- Sequential Decline: Net revenues decreased by 1.3% from March 2006 to April 2006.
- Year-over-Year Growth: Net revenues increased significantly by 46.1% compared to April 2005.
- Accounting Adjustment: Historical comparison data for April 2005 was adjusted to exclude discontinued camera module assembly operations.
Guidance, Outlook, and Risks
The filing contains forward-looking statements subject to a Safe Harbor Notice. Management highlights several risks that could cause actual results to differ materially from expectations:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment and demand for outsourced services.
- Ability to introduce new packaging and testing technologies.
- Integration of pending and future mergers and acquisitions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
- Disruptions from natural or human-induced disasters.
The filing does not provide specific quantitative guidance or management commentary on future quarterly or annual performance beyond the general risk factors.
Investor Verification Checklist
- Verify the impact of the discontinued Camera Module assembly operation on historical revenue comparisons.
- Monitor the sequential revenue trend, noting the slight decline from March to April 2006.
- Review the 2004 Annual Report on Form 20-F for a detailed discussion of the risk factors listed in the Safe Harbor Notice.
- Confirm if subsequent filings provide profit, cash flow, or margin data, as these were absent in this monthly revenue report.