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 February 2006. The filing was submitted on March 9, 2006, via Form 6-K.
Key Financial Metrics
| Metric | February 2006 | January 2006 | February 2005 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 7,846 | 8,249 | 5,472 |
| Sequential Change | -4.88% | - | - |
| Year-over-Year Change | +43.38% | - | - |
Note: February 2005 revenues were retroactively adjusted to exclude revenues from the discontinued Camera Module assembly operation in ASE Malaysia.
The filing does not provide specific values for profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Sequential Decline: Net revenues decreased by 4.88% compared to January 2006.
- Year-over-Year Growth: Net revenues increased by 43.38% compared to the adjusted February 2005 figure.
- Discontinued Operations: Historical comparisons account for the removal of revenue from the discontinued Camera Module assembly operation in Malaysia.
Outlook, Risks, and Management Commentary
The press release contains forward-looking statements subject to various risks. Management highlighted the following potential factors that could cause actual results to differ materially:
- Cyclicality and market conditions in the semiconductor industry.
- Demand for outsourced semiconductor packaging and testing services.
- Highly competitive industry environment and the need to introduce new technologies.
- Integration of pending and future mergers and acquisitions.
- International business activities and general economic/political conditions.
- Disruptions from natural or human-induced disasters, including terrorist activity.
- Strained relations 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 discontinued Malaysia Camera Module operation on year-over-year comparisons.
- Monitor the sequential revenue decline of 4.88% to determine if it indicates a seasonal trend or a broader market slowdown.
- Review the 2004 Annual Report on Form 20-F for detailed risk factors regarding geopolitical tensions and currency fluctuations.
- Confirm the status of pending mergers and acquisitions mentioned in the risk factors.