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: March 9, 2007
Reporting Period: Monthly results for February 2007 (unaudited).
Business: Outsourced semiconductor packaging and testing services.
Key Financial Metrics
| Metric | Feb 2007 | Jan 2007 | Feb 2006 | Sequential Change | YoY Change |
|---|---|---|---|---|---|
| Net Revenues (NT$ Million) | 6,518 | 7,144 | 7,846 | -8.76% | -16.92% |
Note: Starting January 1, 2007, revenues from Global Advanced Packaging Technology Limited (GAPT) were consolidated into ASE Inc.'s consolidated revenues.
Other Metrics: The filing does not provide clear values for profit, cash flow, margins, debt, or liquidity for this specific period.
Material Changes
- Revenue Decline: Net revenues decreased 8.76% sequentially from January 2007 and 16.92% year-over-year compared to February 2006.
- Consolidation Impact: The comparison periods include the consolidation of GAPT revenues beginning in January 2007, which may affect historical comparability.
Guidance, Outlook, and Risks
Guidance: The filing contains no specific financial guidance or outlook for future periods.
Risks and Contingencies: Management highlighted several risks that could cause actual results to differ from forward-looking statements, including:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment.
- Ability to introduce new packaging and testing technologies.
- Integration of pending and future mergers and acquisitions.
- International business activities and general economic/political conditions.
- Disruptions from natural or human-induced disasters.
- Strained relationship between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
Investor Verification Checklist
- Verify the impact of the GAPT consolidation on year-over-year revenue comparisons.
- Review the 2005 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Monitor subsequent filings for profit margins and cash flow data, which are absent in this monthly revenue report.
- Assess the semiconductor industry cycle status to contextualize the 16.92% year-over-year revenue decline.