Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on September 7, 2011, to report unaudited consolidated net revenues for the month ended August 31, 2011. ASE is a leading provider of outsourced semiconductor packaging and testing services.
Key Financial Metrics
Consolidated Net Revenues (August 2011):
- New Taiwan Dollars (NT$): 15,857 million
- US Dollars (US$): 550 million
ATM Net Revenues (Excluding USI):
- New Taiwan Dollars (NT$): 10,995 million
- US Dollars (US$): 381 million
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes vs. Prior Period
Consolidated Revenues:
- Sequential Change (Aug 2011 vs. Jul 2011): +2.9% (NT$) / +2.7% (US$)
- Year-over-Year Change (Aug 2011 vs. Aug 2010): -8.4% (NT$) / +1.3% (US$)
ATM Revenues (Excluding USI):
- Sequential Change (Aug 2011 vs. Jul 2011): +0.6% (NT$) / +0.5% (US$)
- Year-over-Year Change (Aug 2011 vs. Aug 2010): -4.6% (NT$) / +5.5% (US$)
The divergence between NT$ and US$ year-over-year performance is attributed to foreign currency exchange rate fluctuations.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future quarters. It includes a Safe Harbor Notice identifying forward-looking statements subject to various risks, including:
- Cyclicality and market conditions in the semiconductor industry.
- Competitive pressures and demand for outsourced services.
- Ability to integrate 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 currency exchange rates on the reported US$ revenue growth versus NT$ revenue decline.
- Review the 2010 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor subsequent monthly revenue announcements to confirm if the sequential growth trend continues.
- Assess the specific contribution of Universal Scientific Industrial Co., Ltd. (USI) to the consolidated figures versus the core ATM business.