Business Context and Reporting Period
Company: Advanced Semiconductor Engineering, Inc. (ASE Technology Holding Co., Ltd.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: October 8, 2012
Reporting Period: Unaudited consolidated net revenues for September 2012 and the third quarter (Q3) of 2012.
Key Financial Metrics
The filing provides unaudited net revenue figures in both New Taiwan Dollars (NT$) and US Dollars (US$). Profit, cash flow, margins, debt, and liquidity metrics are not disclosed in this specific document.
Consolidated Net Revenues
| Metric | Sep 2012 | Aug 2012 | Sep 2011 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| NT$ Million | 17,063 | 16,247 | 15,425 | +5.0% | +10.6% |
| US$ Million | 575 | 542 | 529 | +6.1% | +8.7% |
Q3 2012 Consolidated Net Revenues
| Metric | Q3 2012 | Q2 2012 | Q3 2011 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| NT$ Million | 48,991 | 45,872 | 46,698 | +6.8% | +4.9% |
| US$ Million | 1,641 | 1,554 | 1,614 | +5.6% | +1.7% |
ATM Net Revenues (Excluding USI)
Note: Universal Scientific Industrial Co., Ltd. (USI) revenues have been consolidated since Feb 1, 2010. The following excludes USI.
| Metric | Sep 2012 | Aug 2012 | Sep 2011 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| NT$ Million | 11,548 | 11,326 | 10,659 | +2.0% | +8.3% |
| US$ Million | 389 | 378 | 365 | +3.0% | +6.4% |
| Metric | Q3 2012 | Q2 2012 | Q3 2011 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| NT$ Million | 33,891 | 32,485 | 32,581 | +4.3% | +4.0% |
| US$ Million | 1,135 | 1,100 | 1,126 | +3.2% | +0.8% |
Material Changes
- Revenue Growth: Consolidated net revenues increased sequentially by 5.0% (NT$) and 6.1% (US$) in September 2012 compared to August 2012.
- Year-Over-Year Performance: September 2012 revenues showed a 10.6% increase (NT$) and 8.7% increase (US$) compared to September 2011.
- Quarterly Trends: Q3 2012 consolidated revenues grew 6.8% sequentially and 4.9% year-over-year in NT$ terms.
- ATM Segment: The core ATM assembly, test, and material business (excluding USI) showed more modest growth, with September 2012 revenues up 2.0% sequentially and 8.3% year-over-year.
Guidance, Outlook, and Risks
Guidance: The filing does not provide specific numerical guidance or forecasts for future periods.
Management Commentary: The document contains a Safe Harbor Notice regarding forward-looking statements, cautioning that actual results may differ materially from expectations.
Risks and Contingencies: The company highlights several risk factors that could impact future operations:
- Cyclicality and market conditions in the semiconductor industry.
- Demand for outsourced packaging and testing services.
- Highly competitive industry environment.
- Ability to introduce new technologies and integrate mergers/acquisitions.
- International business activities and general economic/political conditions.
- Strained relationship 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 USI consolidation on the reported revenue growth versus the standalone ATM business performance.
- Confirm the exchange rate used for the conversion between NT$ and US$ to assess currency impact on reported growth.
- Review the full 2011 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor subsequent filings for profit margins and cash flow data, which are absent in this revenue-only report.