Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE), a foreign private issuer based in Taiwan, reported its unaudited consolidated net revenues for the month of January 2009. The filing, submitted on February 9, 2009, covers the company's operations as a provider of outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | Jan 2009 | Dec 2008 | Jan 2008 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 3,617 | 4,146 | 8,592 |
| Sequential Change | -12.8% | - | - |
| Year-over-Year Change | -57.9% | - | - |
The filing text does not provide clear values for profit, cash flow, margins, debt, or liquidity for this specific reporting period.
Material Changes
- Sequential Decline: Net revenues decreased by 12.8% compared to December 2008.
- Year-over-Year Decline: Net revenues dropped significantly by 57.9% compared to January 2008.
Outlook, Risks, and Management Commentary
The press release includes 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.
- Global financial crisis and general economic conditions.
- Highly competitive industry environment and demand for outsourced services.
- Fluctuations in foreign currency exchange rates.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Disruptions from natural or human-induced disasters.
No specific financial guidance or quantitative outlook was provided in this filing.
Investor Verification Checklist
- Verify the magnitude of the 57.9% year-over-year revenue decline in the context of broader semiconductor industry trends.
- Review the company's 2007 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor subsequent monthly revenue reports to determine if the sequential decline of 12.8% represents a continuing trend or a seasonal anomaly.
- Assess the impact of the global financial crisis on the company's specific customer base and order book.