Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on January 10, 2003, reporting unaudited consolidated net revenues for December 2002 and the fourth quarter of 2002. The company operates primarily in semiconductor packaging and testing, with significant operations in Kaohsiung, Taiwan, and majority-owned subsidiaries in locations including Korea, the Philippines, and Chung Li.
Key Financial Metrics
| Metric | Dec 2002 | Nov 2002 | Dec 2001 | Q4 2002 | Q3 2002 | Q4 2001 |
|---|---|---|---|---|---|---|
| Consolidated Net Revenues (NT$ Million) | 4,193 | 4,344 | 3,196 | 12,886 | 11,861 | 10,255 |
| Kaohsiung Packaging Revenues (NT$ Million) | 2,344 | 2,437 | 1,882 | 7,181 | 6,409 | 5,904 |
The filing does not provide data regarding profit, cash flow, margins, debt, or liquidity.
Material Changes
- Consolidated Monthly Performance: December 2002 revenues decreased 3.5% sequentially from November 2002 but increased 31.2% year-over-year compared to December 2001.
- Consolidated Quarterly Performance: Q4 2002 revenues increased 8.6% sequentially from Q3 2002 and rose 25.7% year-over-year compared to Q4 2001.
- Kaohsiung Operations: Monthly revenues for Kaohsiung packaging operations declined 3.8% sequentially but grew 24.6% year-over-year. Quarterly revenues for these operations increased 12.1% sequentially and 21.6% year-over-year.
Outlook and Management Commentary
The filing contains no management commentary, forward-looking guidance, risk factors, contingencies, or discussion of unusual items beyond the presentation of historical revenue figures.
Investor Verification Checklist
- Verify the impact of the 3.5% sequential revenue decline in December 2002 on full-year 2002 performance.
- Confirm the contribution of non-Kaohsiung subsidiaries (e.g., ASE Test Limited, ASE Korea) to the consolidated revenue growth.
- Review subsequent filings for profit margins and cash flow data, as this report is limited to revenue figures.