Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on June 10, 2004, to report unaudited consolidated net revenues for the month of May 2004. The company operates primarily in semiconductor packaging and testing, with significant operations in Kaohsiung, Taiwan, and majority-owned subsidiaries including ASE Test Limited, ASE (Chung Li) Inc., ASE (Korea) Inc., and ASE Material Inc.
Key Financial Metrics
| Metric (NT$ Million) | May 2004 | Apr 2004 | May 2003 |
|---|---|---|---|
| Consolidated Net Revenues | 6,748 | 6,118 | 4,190 |
| Kaohsiung Packaging Revenues | 3,110 | 2,983 | 2,217 |
Profit, Cash Flow, Margins, Debt, and Liquidity: The filing text does not provide clear values for net income, operating margins, cash flow, debt levels, or liquidity metrics. It reports only revenue figures.
Material Changes vs. Prior Period
- Sequential Growth: Consolidated net revenues increased by 10.31% from April 2004 to May 2004. Kaohsiung packaging revenues grew by 4.27% sequentially.
- Year-over-Year Growth: Consolidated net revenues surged 61.04% compared to May 2003. Kaohsiung packaging revenues increased by 40.27% year-over-year.
Guidance, Outlook, and Unusual Items
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. It is a standard monthly revenue announcement.
Unusual Items/Notes: Consolidated net revenues include revenues from majority-owned subsidiaries. However, ASE Material Inc.'s May revenues of NT$ 687 million were excluded from the consolidated total due to internal sales elimination.
Investor Verification Checklist
- Verify the impact of internal sales elimination on the reported consolidated revenue figure.
- Confirm the contribution of non-Kaohsiung subsidiaries (e.g., ASE Test Limited, ASE Korea) to the total revenue growth.
- Review subsequent filings for profit margins and cash flow data, as they are absent in this report.