Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE), a foreign private issuer based in Taiwan, filed this Form 6-K on May 6, 2009. The filing announces unaudited consolidated net revenues for the month of April 2009.
Key Financial Metrics
| Metric | April 2009 | March 2009 | April 2008 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 6,116 | 5,495 | 8,387 |
| Sequential Change | +11.3% | - | - |
| Year-over-Year Change | -27.1% | - | - |
The filing does not provide data regarding profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Sequential Growth: Net revenues increased by 11.3% compared to March 2009.
- Year-over-Year Decline: Net revenues decreased by 27.1% compared to April 2008, reflecting broader industry conditions.
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.
- Demand for outsourced packaging and testing services.
- Intense industry competition and the need for new technology introductions.
- Integration of pending or future mergers and acquisitions.
- General economic conditions, specifically the recent global financial crisis.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Foreign currency exchange rate fluctuations.
Investor Verification Checklist
- Verify the sequential revenue recovery trend in subsequent monthly reports to confirm if the +11.3% growth is sustainable.
- Monitor the severity of the year-over-year revenue decline (-27.1%) against industry-wide semiconductor demand data.
- Review the company's 2007 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Assess the impact of the global financial crisis on the company's specific customer base and order book.