Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on October 12, 2006, to disclose unaudited consolidated net revenues for September 2006 and the third quarter of 2006. The company operates in the outsourced semiconductor packaging and testing services sector.
Key Financial Metrics
Revenue (NT$ Million):
- September 2006: 8,687 (Sequential change: -4.22%; Year-over-Year change: +9.26%)
- Q3 2006: 26,726 (Sequential change: +1.67%; Year-over-Year change: +22.47%)
Comparative Data:
- August 2006 Revenue: 9,070 NT$ Million
- Q2 2006 Revenue: 26,287 NT$ Million
- September 2005 Revenue (Adjusted): 7,951 NT$ Million
- Q3 2005 Revenue (Adjusted): 21,822 NT$ Million
Other Metrics: The filing text does not provide clear values for profit, cash flow, margins, debt, or liquidity.
Material Changes
Q3 2006 revenues increased by 22.47% compared to the same period in 2005. However, September 2006 revenues declined by 4.22% sequentially from August 2006. The year-over-year comparison includes a retroactive adjustment to net out revenues from the discontinuing operations of ASE Malaysia's Camera Module assembly operation.
Guidance, Outlook, and Risks
The filing contains forward-looking statements subject to various risks. Management highlighted the following potential factors affecting future results:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment.
- Ability to introduce new packaging and testing technologies.
- Integration of pending and future mergers and acquisitions.
- International business activities and general economic/political conditions.
- Strained relationship between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
- 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 discontinued Camera Module assembly operation on historical comparability.
- Confirm the sequential revenue decline in September 2006 against industry trends.
- Review the 2005 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor currency exchange rate fluctuations affecting NT$ reporting.