Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE), a foreign private issuer, filed this Form 6-K on April 10, 2003, to report unaudited consolidated net revenues for the month of March 2003 and the first quarter (Q1) of 2003. The company operates primarily in semiconductor packaging and testing, with significant operations in Kaohsiung, Taiwan, and majority-owned subsidiaries in locations including Chung Li, Korea, and the Philippines.
Key Financial Metrics
| Metric | March 2003 | Q1 2003 |
|---|---|---|
| Consolidated Net Revenues | NT$ 3,974 Million | NT$ 11,566 Million |
| Kaohsiung Packaging Revenues | NT$ 2,256 Million | NT$ 6,618 Million |
The filing provides revenue data only. Information regarding profit, cash flow, margins, debt, and liquidity is not present in this document.
Material Changes vs. Prior Periods
- Monthly Performance (March 2003): Consolidated net revenues increased 10.8% sequentially from February 2003 (NT$ 3,586 Million) and rose 7.6% year-over-year compared to March 2002 (NT$ 3,692 Million).
- Quarterly Performance (Q1 2003): Consolidated net revenues decreased 10.0% sequentially from Q4 2003 (NT$ 12,854 Million) but increased 15.2% year-over-year compared to Q1 2002 (NT$ 10,044 Million).
- Kaohsiung Operations: Monthly revenues for Kaohsiung packaging operations grew 8.3% sequentially and 3.6% year-over-year. Quarterly revenues for these operations declined 7.8% sequentially but grew 9.5% year-over-year.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific discussion of risks and contingencies. The document is strictly a disclosure of historical unaudited revenue figures for the specified periods.
Investor Verification Checklist
- Verify the full Q1 2003 earnings release for profit margins and net income figures, as this filing only covers revenue.
- Confirm the impact of the sequential Q1 revenue decline (-10.0%) on the company's full-year outlook.
- Review subsequent filings to determine if the year-over-year growth trend (15.2% for Q1) was sustained in Q2 2003.
- Check for any updates on the performance of specific subsidiaries mentioned (e.g., ASE Test Limited, ASE Korea) to understand the composition of the consolidated revenue.