Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on October 9, 2002, reporting unaudited consolidated net revenues for September 2002 and the third quarter (Q3) of 2002. 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 | Sep 2002 | Q3 2002 | Unit |
|---|---|---|---|
| Consolidated Net Revenues | 3,985 | 11,862 | NT$ Million |
| Kaohsiung Packaging Net Revenues | 2,103 | 6,413 | NT$ Million |
| Sequential Change (Q3 vs Q2) | N/A | +9.5% | Consolidated |
| Year-over-Year Change (Q3 vs Q3 2001) | N/A | +41.5% | Consolidated |
The filing does not provide data on profit, cash flow, margins, debt, or liquidity.
Material Changes Versus Prior Periods
- Consolidated Monthly (September 2002): Net revenues decreased 0.9% sequentially from August 2002 (NT$4,021 million) but increased 30.7% year-over-year from September 2001 (NT$3,048 million).
- Consolidated Quarterly (Q3 2002): Net revenues increased 9.5% sequentially from Q2 2002 (NT$10,828 million) and rose 41.5% year-over-year from Q3 2001 (NT$8,381 million).
- Kaohsiung Operations (September 2002): Net revenues declined 3.9% sequentially from August 2002 (NT$2,188 million) but grew 27.8% year-over-year from September 2001 (NT$1,646 million).
- Kaohsiung Operations (Q3 2002): Net revenues increased 6.9% sequentially from Q2 2002 (NT$5,999 million) and grew 40.5% year-over-year from Q3 2001 (NT$4,566 million).
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, contingencies, or discussion of unusual items. It is strictly a revenue announcement.
Investor Verification Checklist
- Verify the reconciliation of NT$ figures to USD for accurate financial modeling.
- Confirm the specific contribution of non-Kaohsiung subsidiaries (e.g., ASE Test Limited, ASE Korea) to the total consolidated revenue.
- Review subsequent filings for profit margins and operating expenses, as this report only covers net revenues.
- Assess the sustainability of the 41.5% year-over-year growth rate in the context of the broader semiconductor market cycle in late 2002.