Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on February 9, 2011, to report unaudited consolidated net revenues for January 2011. The company is a foreign private issuer based in Kaoshiung, Taiwan, specializing in outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric (NT$ Million) | Jan 2011 | Dec 2010 | Jan 2010 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Consolidated Net Revenues | 15,607 | 19,553 | 8,723 | -20.2% | +78.9% |
| ATM Net Revenues (Excl. USI) | 10,464 | 10,691 | 8,723 | -2.1% | +20.0% |
Note: Starting February 1, 2010, Universal Scientific Industrial Co., Ltd. (USI) revenues were consolidated into ASE's totals. The ATM segment excludes USI.
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Consolidated Revenue: January 2011 consolidated revenues declined 20.2% sequentially from December 2010 but increased 78.9% year-over-year compared to January 2010.
- Core ATM Business: Excluding the USI acquisition impact, the core Assembly, Test, and Material (ATM) business showed a slight sequential decline of 2.1% but a robust year-over-year growth of 20.0%.
Outlook, Risks, and Management Commentary
The filing contains a Safe Harbor Notice regarding forward-looking statements. Management highlights several risks that could cause actual results to differ materially from expectations:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment and demand for outsourced services.
- 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.
- General economic conditions and potential disruptions from natural or human-induced disasters.
No specific financial guidance or outlook figures were provided in this document.
Investor Verification Checklist
- Verify the impact of the USI consolidation on the reported 78.9% year-over-year revenue growth.
- Monitor the sequential decline in the core ATM business (-2.1%) to assess underlying demand trends.
- Review the 2009 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Confirm future capital expenditure plans and expansion strategies mentioned in the risk factors.