Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on January 10, 2007, reporting unaudited consolidated net revenues for December 2006, the fourth quarter of 2006, and the full fiscal year 2006. ASE is a foreign private issuer providing outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Period | Net Revenues (NT$ Million) | Sequential Change | Year-over-Year Change |
|---|---|---|---|
| December 2006 | 6,892 | -7.07% | -23.91% |
| Q4 2006 | 22,571 | -15.55% | -14.51% |
| Full Year 2006 | 100,421 | N/A | +19.50% |
Note: The filing text does not provide clear values for profit, cash flow, margins, debt, or liquidity metrics. Only net revenue figures are disclosed in this specific report.
Material Changes Versus Prior Period
- Monthly Decline: December 2006 revenues decreased 7.07% sequentially from November 2006 and dropped 23.91% compared to December 2005.
- Quarterly Decline: Q4 2006 revenues fell 15.55% from Q3 2006 and declined 14.51% year-over-year.
- Annual Growth: Despite the recent quarterly and monthly declines, full-year 2006 revenues increased 19.50% compared to the full year 2005.
Outlook, Risks, and Management Commentary
The filing 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.
- Highly competitive market for outsourced packaging and testing 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.
- Potential disruptions from natural or human-induced disasters.
Key Facts for Investor Verification
- Verify the specific drivers behind the 23.91% year-over-year revenue drop in December 2006.
- Confirm the impact of the 15.55% sequential decline in Q4 2006 on full-year profitability, as profit data is not included in this filing.
- Assess the company's capital expenditure plans and liquidity position, which are not detailed in this revenue-only report.
- Monitor the status of pending mergers and acquisitions mentioned in the risk factors.