Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE), a foreign private issuer based in Taiwan, filed this Form 6-K on December 10, 2003. The filing reports unaudited consolidated financial results for the month of November 2003, highlighting record-breaking performance for both the consolidated entity and its Kaohsiung packaging operations.
Key Financial Metrics
| Metric | Nov 2003 | Oct 2003 | Nov 2002 |
|---|---|---|---|
| Consolidated Net Revenues (NT$ Million) | 6,249 | 5,852 | 4,344 |
| Kaohsiung Packaging Net Revenues (NT$ Million) | 3,400 | 3,205 | 2,437 |
Profit, Cash Flow, Margins, Debt, and Liquidity: The filing text does not provide clear values for net income, operating margins, cash flow, debt levels, or liquidity ratios. The report focuses exclusively on revenue figures.
Material Changes
- Consolidated Revenue Growth: November 2003 consolidated revenues increased 7% sequentially from October 2003 and surged 44% year-over-year compared to November 2002.
- Operational Milestone: Net revenues for packaging operations in Kaohsiung exceeded US$100 million for the first time in the company's history.
- Segment Performance: Kaohsiung packaging revenues grew 6% sequentially and 40% year-over-year.
Outlook and Management Commentary
Management announced that the reported revenues represent new record highs for the respective entities. The consolidated figures include revenues from majority-owned subsidiaries such as ASE Test Limited, ASE (Chung Li) Inc., ASE (Korea) Inc., ASE Holding Electronics (Philippines) Inc., and ASE Material Inc. The filing does not contain specific forward-looking guidance, risk factors, or discussion of contingencies beyond the revenue announcement.
Investor Verification Checklist
- Verify the conversion rate used to determine the US$100 million threshold for Kaohsiung operations against the reported NT$3,400 million.
- Confirm the specific contribution of the listed subsidiaries (ASE Test, ASE Korea, etc.) to the consolidated total.
- Review subsequent filings for the full-year 2003 results to assess if the November record was sustained.
- Check for any currency fluctuation impacts given the reporting in New Taiwan Dollars (NT$) versus the US dollar milestone.