ASE Technology Holding Co., Ltd. - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on November 9, 2022, reports the unaudited consolidated net revenues for ASE Technology Holding Co., Ltd. for the month of October 2022. The company operates in the outsourced semiconductor packaging, testing, and electronic manufacturing services sector.
Key Financial Metrics
The filing provides revenue data but does not disclose profit, cash flow, margins, debt, or liquidity metrics for the period.
| Metric | Oct 2022 (NT$M) | Sep 2022 (NT$M) | Oct 2021 (NT$M) | Seq. Change | YoY Change |
|---|---|---|---|---|---|
| Consolidated Net Revenues | 64,171 | 66,652 | 52,748 | -3.7% | +21.7% |
| Consolidated Net Revenues (Pro Forma*) | 64,171 | 66,652 | 50,514 | -3.7% | +27.0% |
| ATM Net Revenues | 33,210 | 32,504 | 30,472 | +2.2% | +9.0% |
| ATM Net Revenues (Pro Forma*) | 33,210 | 32,504 | 28,237 | +2.2% | +17.6% |
*Pro forma basis excludes disposed China Sites.
In US Dollar terms, consolidated net revenues were $2,027 million for October 2022, representing a 6.9% sequential decrease and a 6.9% year-over-year increase.
Material Changes
- Sequential Decline: Consolidated net revenues decreased by 3.7% sequentially from September 2022, primarily driven by foreign exchange fluctuations which caused a 6.9% decline in USD terms.
- Year-Over-Year Growth: Consolidated net revenues increased by 21.7% compared to October 2021. On a pro forma basis (excluding disposed China sites), the year-over-year growth was 27.0%.
- Segment Performance: The Assembly, Testing, and Material (ATM) business showed sequential growth of 2.2% in NT$ terms, though it declined 1.2% in USD terms due to currency effects.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future quarters. It includes a Safe Harbor Notice identifying forward-looking statements subject to various risks, including:
- Cyclicality and market conditions in the semiconductor industry.
- Regulatory changes and environmental liabilities.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- US trade policy shifts and foreign currency exchange rate fluctuations.
- Disruptions from natural or human-induced disasters.
Investor Verification Checklist
- Verify the impact of foreign exchange rates on the reported USD revenue decline versus the NT$ revenue stability.
- Confirm the specific financial impact of the disposed China Sites excluded in the pro forma calculations.
- Review the 2021 Annual Report on Form 20-F for detailed risk factors and historical context.
- Monitor subsequent filings for profit margins and cash flow data, as this report only covers revenue.