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)
Reporting Period: Monthly results for August 2012
Release Date: September 7, 2012
Business Overview: ASE provides outsourced semiconductor packaging and testing services. The consolidated revenues include Universal Scientific Industrial Co., Ltd. (USI) as of February 1, 2010.
Key Financial Metrics
The filing reports unaudited consolidated net revenues for August 2012. Profit, cash flow, margins, debt, and liquidity metrics are not provided in this specific monthly revenue announcement.
| Metric | Aug 2012 (NT$ Million) | Jul 2012 (NT$ Million) | Aug 2011 (NT$ Million) | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Consolidated Net Revenues | 16,247 | 15,681 | 15,857 | +3.6% | +2.5% |
| IC ATM Net Revenues (Excl. USI) | 11,326 | 11,017 | 10,995 | +2.8% | +3.0% |
Note: US Dollar equivalents for Consolidated Net Revenues were $542 million (Aug 2012), $525 million (Jul 2012), and $550 million (Aug 2011).
Material Changes vs. Prior Period
- Sequential Growth: Consolidated net revenues increased by 3.6% compared to July 2012.
- Year-Over-Year Growth: Consolidated net revenues increased by 2.5% compared to August 2011.
- Core Business Performance: IC ATM assembly, test, and material business (excluding USI) showed a 2.8% sequential increase and a 3.0% year-over-year increase.
- Currency Impact: While NT$ revenues grew year-over-year, US$ consolidated revenues declined by 1.4% year-over-year, indicating foreign exchange rate fluctuations.
Guidance, Outlook, and Risks
Guidance and Outlook: This filing does not contain specific financial guidance or forward-looking projections for future periods beyond the standard safe harbor notice.
Risks and Contingencies: The company highlights several risks that could cause actual results to differ materially from expectations:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive market environment.
- Ability to introduce new packaging and testing technologies.
- Integration of pending and future mergers and acquisitions.
- General economic and political conditions, including the global financial crisis.
- 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 foreign exchange rates on US$ revenue reporting versus NT$ reporting.
- Review the 2011 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor the integration progress of Universal Scientific Industrial Co., Ltd. (USI) into consolidated results.
- Assess the competitive landscape for outsourced semiconductor packaging and testing services.