Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on November 8, 2002, reporting unaudited consolidated net revenues for October 2002. 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 | Oct 2002 | Sep 2002 | Oct 2001 |
|---|---|---|---|
| Consolidated Net Revenues (NT$ Million) | 4,348 | 3,984 | 3,405 |
| Kaohsiung Packaging Net Revenues (NT$ Million) | 2,400 | 2,099 | 1,903 |
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for the period.
Material Changes
- Sequential Growth: Consolidated net revenues increased 9.2% from September 2002. Kaohsiung packaging revenues rose 14.3% sequentially.
- Year-over-Year Growth: Consolidated net revenues grew 27.7% compared to October 2001. Kaohsiung packaging revenues increased 26.1% year-over-year.
- Record Performance: Both consolidated and Kaohsiung-specific revenues for October 2002 represented the monthly record for the year.
Outlook and Management Commentary
Management highlighted the record-breaking revenue performance for October 2002. The filing contains no specific forward-looking guidance, risk factors, contingencies, or discussion of unusual items beyond the revenue announcement.
Investor Verification Checklist
- Verify the conversion rate of New Taiwan Dollars (NT$) to USD for accurate valuation comparison.
- Confirm the specific contribution of non-Kaohsiung subsidiaries (e.g., ASE Test Limited, ASE Korea) to the total consolidated revenue.
- Review subsequent filings for profit margins and operating expenses, as this report only covers top-line revenue.
- Assess whether the "record for the year" status holds against Q4 2002 performance.