Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed Form 6-K on June 9, 2014, reporting unaudited consolidated net revenues for May 2014. ASE is a leading provider of outsourced semiconductor packaging, testing, and electronic manufacturing services. The reporting period covers the month of May 2014, with comparisons to April 2014 and May 2013.
Key Financial Metrics
| Metric | May 2014 (NT$M) | May 2014 (US$M) | Apr 2014 (NT$M) | May 2013 (NT$M) |
|---|---|---|---|---|
| Consolidated Net Revenues | 20,111 | 668 | 19,017 | 17,439 |
| ATM Net Revenues (Excl. USI) | 13,435 | 446 | 12,706 | 12,414 |
Note: The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period. It focuses exclusively on net revenue figures.
Material Changes vs. Prior Periods
- Sequential Growth: Consolidated net revenues increased by 5.8% (NT$) and 6.3% (US$) compared to April 2014.
- Year-over-Year Growth: Consolidated net revenues rose 15.3% (NT$) and 13.5% (US$) compared to May 2013.
- Core Business Performance: ATM assembly, test, and material revenues (excluding Universal Scientific Industrial Co., Ltd.) grew 5.7% sequentially and 8.2% year-over-year in NT$ terms.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future quarters. It includes a standard Safe Harbor Notice regarding forward-looking statements, cautioning that actual results may differ due to various risks.
- Key Risks Identified: Cyclicality of the semiconductor industry, regulatory changes (environmental), competitive pressures, technology adoption, geopolitical tensions between the Republic of China and the People's Republic of China, global economic conditions, natural disasters, and foreign currency exchange rate fluctuations.
Investor Verification Checklist
- Verify the impact of the Universal Scientific Industrial Co., Ltd. (USI) consolidation on total revenue figures versus core ATM business performance.
- Confirm the exchange rate used for the conversion from NT$ to US$ to understand the variance between percentage changes in local and foreign currency.
- Review the 2013 Annual Report on Form 20-F for detailed risk factors and historical financial context not present in this monthly summary.
- Monitor subsequent filings for profit margins and cash flow data, as this report is revenue-only.