Business Context and Reporting Period
Company: Advanced Semiconductor Engineering, Inc. (ASE Technology Holding Co., Ltd.)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: July 9, 2009
Reporting Period: Unaudited consolidated net revenues for June 2009 and the second quarter (Q2) of 2009.
Key Financial Metrics
The filing provides unaudited net revenue figures in New Taiwan Dollars (NT$ Million). Data regarding profit, cash flow, margins, debt, and liquidity is not included in this specific press release.
| Metric | June 2009 | May 2009 | June 2008 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Net Revenues (NT$ Million) | 7,728 | 7,037 | 8,582 | +9.8% | -9.9% |
| Metric | Q2 2009 | Q1 2009 | Q2 2008 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Net Revenues (NT$ Million) | 20,881 | 13,397 | 25,610 | +55.9% | -18.5% |
Material Changes Versus Prior Period
- Sequential Growth: Net revenues increased significantly on a sequential basis, rising 9.8% month-over-month (June vs. May) and 55.9% quarter-over-quarter (Q2 vs. Q1).
- Year-Over-Year Decline: Despite sequential recovery, revenues remain below prior-year levels, down 9.9% compared to June 2008 and 18.5% compared to Q2 2008.
Guidance, Outlook, and Risks
The filing contains a Safe Harbor Notice regarding forward-looking statements. Management highlights several risks that could cause actual results to differ materially from expectations:
- Market Conditions: Cyclicality of the semiconductor industry and the impact of the recent global financial crisis.
- Competition: Highly competitive nature of the industry and the need to introduce new packaging and testing technologies.
- Operations: Risks associated with integrating mergers and acquisitions, international business activities, and capital expenditures.
- External Factors: Geopolitical tensions between the Republic of China and the People's Republic of China, foreign currency exchange rate fluctuations, and potential disruptions from natural or human-induced disasters.
Investor Verification Checklist
- Verify the full Q2 2009 earnings report for profit margins, net income, and cash flow data, as this filing only covers net revenues.
- Review the 2008 Annual Report on Form 20-F (filed June 25, 2009) for a detailed discussion of risk factors.
- Monitor subsequent filings for updates on the integration of pending mergers and acquisitions.
- Track foreign currency exchange rates, as fluctuations are cited as a material risk to financial results.