Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on September 8, 2006, to announce unaudited consolidated net revenues for the month of August 2006. ASE is a foreign private issuer incorporated in Taiwan, providing outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | August 2006 | July 2006 | August 2005 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 9,070 | 8,969 | 7,338 |
| Sequential Change | +1.12% | - | - |
| Year-over-Year Change | +23.61% | - | - |
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Revenue Growth: Net revenues increased by 1.12% sequentially from July 2006 and by 23.61% compared to August 2005.
- Restatement: August 2005 revenues were retroactively adjusted to exclude revenues from the discontinuing operations of ASE Malaysia's Camera Module assembly operation.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future performance beyond the standard Safe Harbor Notice. The company highlights several risks that could cause actual results to differ materially from forward-looking statements, including:
- 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.
- 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.
Investor Verification Checklist
- Verify the impact of the retroactive adjustment to August 2005 revenues regarding the discontinuing Camera Module operations.
- Review the 2005 Annual Report on Form 20-F for a detailed discussion of the risks cited in the Safe Harbor Notice.
- Monitor subsequent filings for full quarterly results to assess profitability and cash flow, as this filing only reports monthly revenue.