Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on September 9, 2013, to announce unaudited consolidated net revenues for the month of August 2013. ASE is a leading provider of outsourced semiconductor packaging and testing services.
Key Financial Metrics
Consolidated Net Revenues (August 2013):
- NT$: 18,827 million
- US$: 630 million
ATM (Assembly, Test, and Material) Net Revenues (August 2013, excluding USI):
- NT$: 12,555 million
- US$: 420 million
Note: The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes vs. Prior Periods
Consolidated Net Revenues:
- Sequential Change (vs. July 2013): Increased 7.4% (NT$) / 7.7% (US$).
- Year-over-Year Change (vs. August 2012): Increased 15.9% (NT$) / 16.2% (US$).
ATM Net Revenues (Excluding USI):
- Sequential Change (vs. July 2013): Increased 3.0% (NT$) / 3.3% (US$).
- Year-over-Year Change (vs. August 2012): Increased 10.9% (NT$) / 11.2% (US$).
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future quarters beyond the standard Safe Harbor Notice. The company highlights several risks that could cause actual results to differ materially from forward-looking statements, including:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment.
- Ability to introduce new packaging and testing technologies.
- Integration of pending and future mergers and acquisitions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
Investor Verification Checklist
- Verify the impact of the Universal Scientific Industrial Co., Ltd. (USI) consolidation on total revenue figures versus the core ATM business.
- Confirm the exchange rate used for the conversion from NT$ to US$ to assess currency impact on reported growth.
- Review the 2012 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor subsequent filings for profit margins and cash flow data, as this report only covers revenue.