Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on July 9, 2003, reporting unaudited consolidated net revenues for the month of June 2003 and the second quarter (Q2) of 2003. The company operates primarily in semiconductor packaging and testing, with significant operations in Kaohsiung, Taiwan, and majority-owned subsidiaries in China, Korea, the Philippines, and other locations.
Key Financial Metrics
| Metric | June 2003 | Q2 2003 |
|---|---|---|
| Consolidated Net Revenues | NT$ 4,328 Million | NT$ 12,774 Million |
| Kaohsiung Packaging Revenues | NT$ 2,274 Million | NT$ 6,854 Million |
| Sequential Growth (June vs. May) | +3.3% | +10.3% (Q2 vs. Q1) |
| Year-over-Year Growth (June vs. June 2002) | +20.4% | +18.0% (Q2 vs. Q2 2002) |
The filing does not provide data on net profit, operating margins, cash flow, debt levels, or liquidity ratios.
Material Changes
- Revenue Growth: Consolidated revenues increased 3.3% sequentially from May 2003 and 20.4% year-over-year compared to June 2002.
- Quarterly Performance: Q2 2003 revenues rose 10.3% from Q1 2003 and 18.0% from Q2 2002.
- Regional Performance: Kaohsiung packaging operations showed similar growth trends, with June revenues up 2.6% sequentially and 20.0% year-over-year.
Outlook and Risks
The filing contains no management commentary, forward-looking guidance, or specific discussion of risks, contingencies, or unusual items. The report is limited to the announcement of historical revenue figures.
Investor Verification Checklist
- Verify the full Q2 2003 earnings release for profit margins and net income figures, as this filing only covers revenues.
- Confirm the impact of currency exchange rates on the reported NT$ figures for international investors.
- Review subsequent filings for details on the performance of specific subsidiaries mentioned (e.g., ASE Test Limited, ASE Korea).
- Check for any updates on the semiconductor industry cycle that may have influenced the reported 20% year-over-year growth.