Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on November 7, 2014, reporting unaudited consolidated net revenues for the month ended October 31, 2014. ASE is a leading provider of outsourced semiconductor packaging, testing, and electronic manufacturing services.
Key Financial Metrics
| Metric | Oct 2014 (NT$M) | Oct 2014 (US$M) | Sequential Change | YoY Change |
|---|---|---|---|---|
| Consolidated Net Revenues | 26,522 | 875 | +3.4% / +2.2% | +27.7% / +23.8% |
| ATM Net Revenues (Excl. USI) | 15,252 | 503 | +2.4% / +1.1% | +16.0% / +12.5% |
Note: The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period. It reports only net revenues.
Material Changes
- Revenue Growth: Consolidated net revenues increased 27.7% year-over-year (YoY) in New Taiwan Dollars (NT$) and 23.8% in US Dollars (US$).
- Sequential Growth: Revenues rose 3.4% sequentially from September 2014 in NT$ terms.
- Segment Performance: The ATM assembly, test, and material business (excluding Universal Scientific Industrial Co., Ltd.) grew 16.0% YoY in NT$.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or management commentary regarding future quarters. It includes a Safe Harbor Notice identifying forward-looking statements subject to various risks, including:
- Cyclicality and market conditions in the semiconductor industry.
- Regulatory changes and environmental liabilities.
- Competitive pressures and technology introduction capabilities.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Foreign currency exchange rate fluctuations.
Investor Verification Checklist
- Verify the impact of the Universal Scientific Industrial Co., Ltd. (USI) consolidation on total revenue figures versus the core ATM business.
- Confirm the exchange rate used for the conversion between NT$ and US$ to understand the divergence in percentage growth.
- Review the 2013 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor subsequent filings for profit margins and cash flow data, as this report is revenue-only.