Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on September 7, 2007, to report unaudited consolidated net revenues for the month ended August 31, 2007. The company is a foreign private issuer based in Taiwan, providing outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | August 2007 | July 2007 | August 2006 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 9,387 | 8,546 | 9,070 |
| Sequential Change | +9.8% | - | - |
| Year-over-Year Change | +3.5% | - | - |
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Revenue Growth: Net revenues increased 9.8% sequentially from July 2007 and 3.5% year-over-year compared to August 2006.
- Consolidation Impact: Starting January 1, 2007, revenues from Global Advanced Packaging Technology Limited (GAPT) were consolidated into ASE's financial results, affecting year-over-year comparability.
Outlook, Risks, and Management Commentary
The filing contains no specific forward-looking guidance or management commentary regarding future performance beyond the standard Safe Harbor Notice. The company highlights several material risks that could cause actual results to differ 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 risks from 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.
Investor Verification Checklist
- Verify the impact of the GAPT consolidation on year-over-year revenue growth trends.
- Review the 2006 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 company's capital expenditure plans and expansion strategies mentioned in the risk factors.