Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on July 7, 2015, to announce unaudited consolidated net revenues for June 2015 and the second quarter of 2015. The company is a leading provider of outsourced semiconductor packaging, testing, and electronic manufacturing services.
Key Financial Metrics
Consolidated Net Revenues
| Period | Currency | Value | Sequential Change | Year-over-Year Change |
|---|---|---|---|---|
| June 2015 | NT$ Million | 24,832 | +6.3% | +27.4% |
| June 2015 | US$ Million | 808 | +5.9% | +24.4% |
| Q2 2015 | NT$ Million | 70,222 | +8.6% | +19.8% |
| Q2 2015 | US$ Million | 2,278 | +11.1% | +17.1% |
ATM Assembly, Test, and Material Business (Excluding USI)
| Period | Currency | Value | Sequential Change | Year-over-Year Change |
|---|---|---|---|---|
| June 2015 | NT$ Million | 12,593 | +0.8% | -4.0% |
| June 2015 | US$ Million | 410 | +0.4% | -6.3% |
| Q2 2015 | NT$ Million | 37,671 | -2.4% | -4.1% |
| Q2 2015 | US$ Million | 1,222 | -0.3% | -6.3% |
Note: The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes Versus Prior Period
- Consolidated Growth: Consolidated revenues showed strong growth, increasing 27.4% year-over-year in June and 19.8% for Q2 2015 compared to the same periods in 2014.
- ATM Segment Decline: In contrast, the core ATM business (excluding Universal Scientific Industrial Co., Ltd. or USI) declined year-over-year, dropping 4.0% in June and 4.1% for Q2 2015.
- Sequential Trends: Consolidated revenues grew sequentially by 6.3% in June, while the ATM segment grew only 0.8% sequentially.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or quantitative outlook for future periods. Management included a Safe Harbor Notice regarding forward-looking statements, highlighting several material risks:
- Cyclicality and market conditions in the semiconductor and electronic industries.
- Regulatory changes and environmental liabilities.
- Highly competitive industry dynamics and the need for new technology introductions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
- Potential disruptions from natural or human-induced disasters.
Investor Verification Checklist
- Verify the contribution of Universal Scientific Industrial Co., Ltd. (USI) to the consolidated revenue growth, as the core ATM business excluding USI declined year-over-year.
- Confirm the impact of foreign currency exchange rates on the reported US$ figures versus NT$ figures.
- Review the 2014 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor future filings for profit margins and cash flow data, which are not included in this monthly revenue announcement.