ASX

Business Context and Reporting Period

Advanced Semiconductor Engineering, Inc. (ASE), a foreign private issuer, filed this Form 6-K on May 17, 2004, to report unaudited consolidated net revenues for the month of April 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

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 ratios. It reports only net revenue figures.

Material Changes Versus Prior Period

• Sequential Change (April vs. March 2004): Consolidated net revenues decreased by 2.00% to NT$6,118 million. Kaohsiung packaging revenues decreased by 6.25% to NT$2,983 million.
• Year-Over-Year Change (April 2004 vs. April 2003): Consolidated net revenues increased by 43.75%. Kaohsiung packaging revenues increased by 26.25%.
• Internal Eliminations: Revenues from ASE Material Inc. for April 2004 totaled NT$683 million but were excluded from consolidated net revenues due to internal sales elimination.

Guidance, Outlook, and Risks

The filing text does not provide specific forward-looking guidance, management commentary on future outlook, or a detailed discussion of risks and contingencies beyond the standard disclosure of unaudited figures. No unusual items were explicitly detailed in the provided text.

Investor Verification Checklist

• Verify the impact of the 2.00% sequential revenue decline on full-year 2004 performance expectations.
• Confirm the extent of internal sales eliminations for ASE Material Inc. and other subsidiaries in future periods.
• Review subsequent filings for net income and margin data, as this report contains only revenue figures.
• Assess the sustainability of the 43.75% year-over-year growth rate in the context of the semiconductor market cycle.