TAIPEI, Taiwan, Oct. 29, 2015 /PRNewswire/ -- Advanced
Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We",
"ASE", or the "Company"), the world's largest independent provider
of packaging and testing services, today reported unaudited net
revenues[1] of NT$72,870 million for
the third quarter of 2015 (3Q15), up by 9% year-over-year and up by
4% sequentially. Net income attributable to shareholders of
the parent for the quarter totaled NT$6,368
million, down from a net income attributable to shareholders
of the parent of NT$7,217 million in
3Q14 and up from a net income attributable to shareholders of the
parent of NT$3,652 million in
2Q15. Basic earnings per share for the quarter were
NT$0.83 (or US$0.132 per ADS), compared to basic earnings per
share of NT$0.94 for 3Q14 and
NT$0.48 for 2Q15. Diluted earnings
per share for the quarter were NT$0.69 (or US$0.109 per ADS), compared to diluted earnings
per share of NT$0.82 for 3Q14 and
NT$0.43 for 2Q15.
RESULTS OF OPERATIONS
3Q15 Results Highlights --
Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations, substrates sold to third parties and
others, each represented approximately 41%, 9%, 49%, 1% and 0%,
respectively, of total net revenues for the quarter.
- Cost of revenue was NT$59,883
million for the quarter, up by 14% year-over-year and up
from NT$58,656 million in 2Q15.
- Raw material cost totaled NT$37,086
million during the quarter, representing 51% of total net
revenues, compared with NT$35,465
million and 51% of total net revenues in 2Q15.
- Labor cost totaled NT$8,742
million during the quarter, representing 12% of total net
revenues, compared with NT$8,656
million and 12% of total net revenues in 2Q15.
- Depreciation, amortization and rental expenses totaled
NT$7,079 million during the quarter,
up by 12% year-over-year and up by 1% sequentially.
- Gross margin increased 1.3 percentage points to 17.8% in 3Q15
from 16.5% in 2Q15.
- Total operating expenses during 3Q15 were NT$6,605 million, including NT$2,844 million in R&D and NT$3,761 million in SG&A, compared with total
operating expenses of NT$6,157
million in 2Q15. Total operating expenses as a
percentage of net revenues were 9% in 3Q15, remained the same as
3Q14 and 2Q15.
- Operating income for the quarter totaled NT$6,382 million, up from NT$5,409 million in 2Q15. Operating margin
was 8.8% in 3Q15 compared to 7.7% in 2Q15.
- In terms of non-operating items:
- Net interest expense was NT$492
million, up from NT$471
million in 2Q15.
- Net foreign exchange loss of NT$2,520
million was primarily attributable to the appreciation of
the U.S. dollar against the NT dollar and Renminbi ("RMB").
- Gain on valuation of financial assets and liabilities was
NT$4,502 million.
- Other net non-operating loss of NT$91
million was primarily related to miscellaneous loss.
Total non-operating income for the quarter were NT$1,428 million, compared to total non-operating
income of NT$506 million for 3Q14 and
total non-operating expenses of NT$9
million for 2Q15.
- Income before tax was NT$7,810
million for 3Q15, compared to NT$5,400 million in 2Q15. We recorded
income tax expenses of NT$1,127
million during the quarter, compared to NT$1,596 million in 2Q15.
- In 3Q15, net income attributable to shareholders of the parent
was NT$6,368 million, compared to net
income attributable to shareholders of the parent of NT$7,217 million for 3Q14 and net income
attributable to shareholders of the parent of NT$3,652 million for 2Q15.
- Our total number of shares outstanding at the end of the
quarter was 7,902,928,996, including treasury stock owned by our
subsidiaries. Our 3Q15 basic earnings per share of
NT$0.83 (or US$0.132 per ADS) were based on 7,635,674,799
weighted average number of shares outstanding in 3Q15. Our 3Q15
diluted earnings per share of NT$0.69
(or US$0.109 per ADS) were based on
8,230,922,687 weighted average number of shares outstanding in
3Q15.
3Q15 Results Highlights -- IC ATM[2]
- Net revenue contribution from IC ATM operations was
NT$39,862 million for the quarter,
down by 6% year-over-year and up by 6% sequentially. Net
revenue contribution from packaging operations, testing operations,
substrates sold to third parties and others was NT$32,489 million, NT$6,426 million, NT$928
million, and NT$19 million,
respectively, and each represented approximately 82%, 16%, 2% and
0%, respectively, of total net revenues for the quarter.
- Cost of revenues was NT$29,211
million for the quarter, down by 3% year-over-year and up by
4% sequentially.
- Raw material cost totaled NT$8,641
million during the quarter, representing 22% of total net
revenues, compared with NT$8,213
million and 22% of total net revenues in 2Q15.
- Labor cost totaled NT$7,442
million during the quarter, representing 19% of total net
revenues, compared with NT$7,263
million and 19% of total net revenues in 2Q15.
- Depreciation, amortization and rental expenses totaled
NT$6,478 million during the quarter,
up by 7% year-over-year and down by 0.1% sequentially.
- Gross margin increased 1.5 percentage points to 26.7% in 3Q15
from 25.2% in 2Q15.
- Total operating expenses during 3Q15 were NT$5,007 million, including NT$2,125 million in R&D and NT$2,882 million in SG&A, compared with total
operating expenses of NT$4,403
million in 2Q15. Total operating expenses as a
percentage of net revenues were 13% in 3Q15, up from 11% in 3Q14
and up from 12% in 2Q15.
- Operating income for the quarter totaled NT$5,644 million, up from NT$5,101 million in 2Q15. Operating margin
was 14.2% in 3Q15 compared to 13.5% in 2Q15.
3Q15 Results Highlights --
EMS
- Net revenue contribution from EMS operations for the quarter
was NT$36,161 million, up by 35%
year-over-year and up by 5% sequentially.
- Cost of revenues for the quarter was NT$33,176 million, up by 36% year-over-year and
up by 2% sequentially.
- Raw material cost totaled NT$28,234
million during the quarter, representing 78% of total net
revenues, compared with NT$26,872
million and 78% of total net revenues in 2Q15.
- Labor cost totaled NT$1,300
million during the quarter, representing 4% of total net
revenues, compared with NT$1,393
million and 4% of total net revenues in 2Q15.
- Depreciation, amortization and rental expenses totaled
NT$640 million during the quarter, up
by 138% year-over-year and up by 8% sequentially.
- Gross margin increased to 8.3% in 3Q15 from 6.4% in 2Q15.
- Total operating expenses during 3Q15 were NT$1,606 million, including NT$746 million in R&D and NT$860 million in SG&A, compared with total
operating expenses of NT$1,745
million in 2Q15. Total operating expenses as a
percentage of net revenues were 4% in 3Q15, down from 5% in 3Q14
and down from 5% in 2Q15.
- Operating income for the quarter totaled NT$1,379 million, up from NT$461 million in 2Q15. Operating margin
increased to 3.8% in 3Q15 from 1.3% in 2Q15.
LIQUIdiTY AND CAPITAL RESOURCES
- As of September 30, 2015, our
cash and current financial assets totaled NT$45,568 million, compared to NT$58,865 million as of June 30, 2015.
- Capital expenditures in 3Q15 totaled US$140 million, of which US$83 million were used for packaging,
US$25 million for testing,
US$24 million for EMS, US$7 million for interconnect materials and
US$1 million for Real Estate.
- As of September 30, 2015, we had
total debt of NT$124,546 million,
compared to NT$91,904 million as of
June 30, 2015. Total debt
consisted of NT$45,747 million of
short-term borrowings, NT$4,606
million of the current portion of bonds payable, long-term
borrowings and capital lease obligations and NT$74,193 million of bonds payable, long-term
borrowings and capital lease obligations. Total unused credit
lines amounted to NT$148,963
million.
- Current ratio as of September 30,
2015 was 1.31, compared to 1.34 as of June 30, 2015. Net debt to equity ratio was
0.48 as of September 30, 2015.
- Total number of employees was 67,116 as of September 30, 2015, compared to 66,091 as of
September 30, 2014 and 68,310 as of
June 30, 2015.
BUSINESS REVIEW
Packaging Operations[3]
- Net revenues generated from our packaging operations were
NT$32,489 million during the quarter,
down by NT$1,860 million, or by 5%
year-over-year, and up by NT$1,931
million, or by 6% sequentially.
- Net revenues from advanced packaging accounted for 34% of our
total packaging net revenues during the quarter, up by 3 percentage
points from 2Q15. Net revenues from IC wirebonding accounted
for 56% of our total packaging net revenues during the quarter,
down by 1 percentage point from 2Q15. Net revenues from
discrete and others accounted for 10% of our total packaging net
revenues during the quarter, down by 2 percentage points from
2Q15.
- Gross margin for our packaging operations during the quarter
was 24.8%, down by 1.0 percentage points year-over-year and up by
2.1 percentage points from 2Q15.
- Capital expenditures for our packaging operations amounted to
US$83 million during the quarter, of
which US$40 million were used for
purchases of wafer bumping and flip chip packaging equipment and
US$43 million for common equipment
purchases, including SiP equipment purchases.
- As of September 30, 2015, there
were 15,617 wirebonders in operation. 1 wirebonder was added and 46
wirebonders were disposed of during the quarter.
Testing Operations
- Net revenues generated from our testing operations were
NT$6,426 million during the quarter,
down by NT$401 million, or by 6%
year-over-year, and up by NT$196
million, or by 3% sequentially.
- Final testing accounted for 76% of our total testing net
revenues, up by 1 percentage point from the previous quarter.
Wafer sort accounted for 20% of our total testing net revenues,
down by 1 percentage point from 2Q15. Engineering testing
accounted for 4% of our total testing net revenues, remained the
same as 2Q15.
- Depreciation, amortization and rental expense associated with
our testing operations amounted to NT$1,708
million during the quarter, up from NT$1,634 million in 3Q14 and up from NT$1,678 million in 2Q15.
- In 3Q15, gross margin for our testing operations was 36.1%,
down by 3.7 percentage points year-over-year and up by 0.9
percentage point from the previous quarter.
- Capital expenditures for our testing operations amounted to
US$25 million during the
quarter.
- As of September 30, 2015, there
were 3,417 testers in operation. 72 new testers were added and 25
testers were disposed of during the quarter.
EMS Operations
- Net revenues generated from our EMS operations were
NT$36,161 million during the quarter,
up by NT$9,395 million, or by 35%
year-over-year, and up by NT$1,585
million, or by 5% sequentially.
- Communications products accounted for 56% of our total net
revenues from EMS operations for the quarter, up by 12 percentage
points from 2Q15. Computing products accounted for 13% of our
total net revenues from EMS operations, remained the same as
2Q15. Consumer products accounted for 19% of our total net
revenues from EMS operations, down by 9 percentage points from
2Q15. Industrial products accounted for 7% of our total net
revenues from EMS operations, down by 2 percentage points from
2Q15. Automotive products accounted for 4% of our total net
revenues from EMS operations, down by 1 percentage point from the
previous quarter.
- In 3Q15, gross margin for our EMS operations was 8.3%, down by
0.3 percentage points year-over-year and up by 1.9 percentage
points from the previous quarter.
- Capital expenditures for our EMS operations amounted to
US$24 million during the
quarter.
Substrate Operations
- PBGA substrate manufactured by ASE amounted to NT$1,954 million during the quarter, down by
NT$613 million, or by 24%
year-over-year, and down by NT$276
million, or by 12% from 2Q15. Of the total output of
NT$1,954 million, NT$762 million was from sales to external
customers.
- Gross margin for substrate operations was 11.1% during the
quarter, down by 8.6 percentage points year-over-year and down by
5.1 percentage points from 2Q15.
- In 3Q15, our internal substrate manufacturing operations
supplied 23% (by value) of our total substrate requirements.
Customers
IC ATM consolidated Basis
- Our five largest customers together accounted for approximately
38% of our total net revenues in 3Q15, compared to 37% in 3Q14 and
36% in 2Q15. One customer accounted for more than 10% of our
total net revenues in 3Q15.
- Our top 10 customers contributed 53% of our total net revenues
during the quarter, compared to 51% in 3Q14 and 2Q15.
- Our customers that are integrated device manufacturers, or
IDMs, accounted for 35% of our total net revenues during the
quarter, compared to 33% in 3Q14 and 35% in 2Q15.
EMS BASIS
- Our five largest customers together accounted for approximately
85% of our total net revenues in 3Q15, compared to 73% in 3Q14 and
82% in 2Q15. One customer accounted for more than 10% of our
total net revenues in 3Q15.
- Our top 10 customers contributed 92% of our total net revenues
during the quarter, compared to 87% in 3Q14 and 92% in 2Q15.
OUTLOOK
Based on our current business outlook and exchange rate
assumptions, management projects overall performance for the fourth
quarter of 2015 to be as follows:
- IC ATM capacity should stay flat and blended utilization should
be down 4-6% sequentially;
- IC ATM gross margin should resemble 1Q15 level;
- EMS capacity should stay flat and blended loading should be up
mid-teen percentage sequentially;
- EMS gross margin should approach 2Q15 level.
About ASE, Inc.
ASE, Inc. is the world's largest independent
provider of packaging services and testing services, including
front-end engineering testing, wafer probing and final testing
services. With
advanced technological capabilities and a global
presence spanning Taiwan,
China, Korea,
Japan, Singapore, Malaysia and the
United States, ASE, Inc. has established a
reputation for reliable, high quality products and
services. For more information, please
visit our website at
http://www.aseglobal.com .
Safe Harbor Notice
This press release contains "forward-looking statements" within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended, including statements regarding
our future results of operations and business prospects.
Although these forward-looking statements, which may include
statements regarding our future results of operations, financial
condition or business prospects, are based on our own information
and information from other sources we believe to be reliable, you
should not place undue reliance on these forward-looking
statements, which apply only as of the date of this press
release. The words "anticipate," "believe," "estimate,"
"expect," "intend," "plan" and similar expressions, as they relate
to us, are intended to identify these forward-looking statements in
this press release. Our actual results of operations, financial
condition or business prospects may differ materially from those
expressed or implied in these forward-looking statements for a
variety of reasons, including risks associated with cyclicality and
market conditions in the semiconductor or electronic industry;
changes in our regulatory environment, including our ability to
comply with new or stricter environmental regulations and to
resolve environmental liabilities; demand for the outsourced
semiconductor packaging, testing and electronic manufacturing
services we offer and for such outsourced services generally; the
highly competitive semiconductor or manufacturing industry we are
involved in; our ability to introduce new technologies in order to
remain competitive; international business activities; our business
strategy; our future expansion plans and capital expenditures; the
strained relationship between the Republic of China and the People's Republic of China; general
economic and political conditions; the recent global economic
crisis; possible disruptions in commercial activities caused by
natural or human-induced disasters; fluctuations in foreign
currency exchange rates; and other factors. For a discussion
of these risks and other factors, please see the documents we file
from time to time with the Securities and Exchange Commission,
including our 2014 Annual Report on Form 20-F filed on March 18, 2015.
Supplemental Financial Information
IC ATM Consolidated Operations
Amounts in NT$
Millions
|
3Q/15
|
2Q/15
|
3Q/14
|
Net
Revenues
|
39,862
|
37,671
|
42,211
|
Revenues by
Application
|
|
|
|
Communication
|
55%
|
55%
|
53%
|
Computer
|
11%
|
10%
|
12%
|
Automotive, Consumer
& Others
|
34%
|
35%
|
35%
|
Revenues by
Region
|
|
|
|
North
America
|
63%
|
62%
|
62%
|
Europe
|
10%
|
12%
|
10%
|
Taiwan
|
17%
|
16%
|
18%
|
Japan
|
5%
|
5%
|
6%
|
Other Asia
|
5%
|
5%
|
4%
|
Packaging Operations
Amounts in NT$
Millions
|
3Q/15
|
2Q/15
|
3Q/14
|
Net
Revenues
|
32,489
|
30,558
|
34,349
|
Revenues by Packaging
Type
|
|
|
|
Advanced
Packaging
|
34%
|
31%
|
29%
|
IC
Wirebonding
|
56%
|
57%
|
61%
|
Discrete and
Others
|
10%
|
12%
|
10%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
83
|
140
|
281
|
Number of
Wirebonders
|
15,617
|
15,662
|
15,994
|
Testing Operations
Amounts in NT$
Millions
|
3Q/15
|
2Q/15
|
3Q/14
|
Net
Revenues
|
6,426
|
6,230
|
6,827
|
Revenues by Testing
Type
|
|
|
|
Final test
|
76%
|
75%
|
76%
|
Wafer sort
|
20%
|
21%
|
21%
|
Engineering
test
|
4%
|
4%
|
3%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
25
|
43
|
70
|
Number of
Testers
|
3,417
|
3,370
|
3,295
|
EMS Operations
Amounts in NT$
Millions
|
3Q/15
|
2Q/15
|
3Q/14
|
Net
Revenues
|
36,161
|
34,576
|
26,766
|
Revenues by End
Application
|
|
|
|
Communication
|
56%
|
44%
|
55%
|
Computer
|
13%
|
13%
|
17%
|
Consumer
|
19%
|
28%
|
9%
|
Industrial
|
7%
|
9%
|
11%
|
Automotive
|
4%
|
5%
|
7%
|
Others
|
1%
|
1%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
24
|
27
|
74
|
* Capital expenditure excludes building construction
costs.
Advanced Semiconductor Engineering,
Inc.
Summary of Consolidated Statement of Comprehensive
Income Data[4]
(In NT$ millions, except per share data)
(Unaudited)
|
For the three months
ended
|
|
For the period
ended
|
|
Sep. 30
2015
|
|
Jun. 30
2015
|
|
Sep. 30
2014
|
|
Sep. 30
2015
|
|
Sep. 30
2014
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
29,575
|
|
28,618
|
|
32,031
|
|
87,514
|
|
89,394
|
|
Testing
|
6,426
|
|
6,231
|
|
6,827
|
|
18,837
|
|
19,212
|
|
Direct
Material
|
762
|
|
839
|
|
1,033
|
|
2,462
|
|
2,685
|
|
EMS
|
36,107
|
|
34,534
|
|
26,741
|
|
98,941
|
|
68,607
|
|
Others
|
-
|
|
-
|
|
-
|
|
-
|
|
49
|
|
Total net
revenues
|
72,870
|
|
70,222
|
|
66,632
|
|
207,754
|
|
179,947
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(59,883)
|
|
(58,656)
|
|
(52,424)
|
|
(170,888)
|
|
(142,769)
|
|
Gross
profit
|
12,987
|
|
11,566
|
|
14,208
|
|
36,866
|
|
37,178
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(2,844)
|
|
(2,733)
|
|
(2,550)
|
|
(8,124)
|
|
(7,521)
|
|
Selling, general and
administrative
|
(3,761)
|
|
(3,424)
|
|
(3,559)
|
|
(10,659)
|
|
(9,858)
|
|
Total operating
expenses
|
(6,605)
|
|
(6,157)
|
|
(6,109)
|
|
(18,783)
|
|
(17,379)
|
|
Operating
income
|
6,382
|
|
5,409
|
|
8,099
|
|
18,083
|
|
19,799
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(492)
|
|
(471)
|
|
(504)
|
|
(1,489)
|
|
(1,535)
|
|
Foreign exchange gain
(loss)
|
(2,520)
|
|
839
|
|
(214)
|
|
(1,141)
|
|
(171)
|
|
Gain (loss) on
equity-method investments
|
29
|
|
(54)
|
|
14
|
|
(21)
|
|
(81)
|
|
Gain (loss) on
valuation of financial assets and liabilities
|
4,502
|
|
(349)
|
|
1,294
|
|
3,184
|
|
650
|
|
Others
|
(91)
|
|
26
|
|
(84)
|
|
100
|
|
307
|
|
Total non-operating
income (expenses)
|
1,428
|
|
(9)
|
|
506
|
|
633
|
|
(830)
|
|
Income before
tax
|
7,810
|
|
5,400
|
|
8,605
|
|
18,716
|
|
18,969
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,127)
|
|
(1,596)
|
|
(1,240)
|
|
(3,579)
|
|
(2,791)
|
|
Income from
continuing operations and before
noncontrolling interest
|
6,683
|
|
3,804
|
|
7,365
|
|
15,137
|
|
16,178
|
|
Noncontrolling
interest
|
(315)
|
|
(152)
|
|
(148)
|
|
(648)
|
|
(405)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
6,368
|
|
3,652
|
|
7,217
|
|
14,489
|
|
15,773
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
|
|
|
|
-- Basic
|
NT$0.83
|
|
NT$0.48
|
|
NT$0.94
|
|
NT$1.89
|
|
NT$2.05
|
|
-- Diluted
|
NT$0.69
|
|
NT$0.43
|
|
NT$0.82
|
|
NT$1.76
|
|
NT$1.98
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
-- Basic
|
US$0.132
|
|
US$0.077
|
|
US$0.156
|
|
US$0.302
|
|
US$0.342
|
|
-- Diluted
|
US$0.109
|
|
US$0.070
|
|
US$0.137
|
|
US$0.281
|
|
US$0.329
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in diluted EPS
calculation (in thousands)
|
8,230,923
|
|
8,151,710
|
|
8,194,417
|
|
8,240,964
|
|
8,209,165
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$
per US$1)
|
31.69
|
|
30.84
|
|
29.92
|
|
31.35
|
|
30.07
|
|
|
|
|
|
|
|
|
|
|
|
|
Advanced Semiconductor Engineering,
Inc.
Summary of Consolidated Statement of Comprehensive
Income Data -- IC
ATM[4]
In NT$ millions, except per share
data)
(Unaudited)
|
For the three months
ended
|
|
For the period
ended
|
|
Sep. 30
2015
|
|
Jun. 30
2015
|
|
Sep. 30
2014
|
|
Sep. 30
2015
|
|
Sep. 30
2014
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
32,489
|
|
30,558
|
|
34,349
|
|
94,593
|
|
93,928
|
|
Testing
|
6,426
|
|
6,230
|
|
6,827
|
|
18,836
|
|
19,212
|
|
Direct
Material
|
928
|
|
865
|
|
1,035
|
|
2,654
|
|
2,688
|
|
Others
|
19
|
|
18
|
|
-
|
|
55
|
|
-
|
|
Total net
revenues
|
39,862
|
|
37,671
|
|
42,211
|
|
116,138
|
|
115,828
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(29,211)
|
|
(28,167)
|
|
(30,129)
|
|
(85,988)
|
|
(84,894)
|
|
Gross
profit
|
10,651
|
|
9,504
|
|
12,082
|
|
30,150
|
|
30,934
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(2,125)
|
|
(1,969)
|
|
(2,010)
|
|
(6,003)
|
|
(6,013)
|
|
Selling, general and
administrative
|
(2,882)
|
|
(2,434)
|
|
(2,711)
|
|
(7,856)
|
|
(7,352)
|
|
Total operating
expenses
|
(5,007)
|
|
(4,403)
|
|
(4,721)
|
|
(13,859)
|
|
(13,365)
|
|
Operating
income
|
5,644
|
|
5,101
|
|
7,361
|
|
16,291
|
|
17,569
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(540)
|
|
(489)
|
|
(528)
|
|
(1,559)
|
|
(1,594)
|
|
Foreign exchange gain
(loss)
|
(1,837)
|
|
630
|
|
(184)
|
|
(675)
|
|
(194)
|
|
Gain (loss) on
equity-method investments
|
(63)
|
|
839
|
|
577
|
|
1,392
|
|
1,541
|
|
Gain (loss) on
valuation of financial assets and liabilities
|
4,433
|
|
(516)
|
|
1,197
|
|
2,788
|
|
474
|
|
Others
|
(204)
|
|
(336)
|
|
(42)
|
|
(345)
|
|
432
|
|
Total non-operating
income (expenses)
|
1,789
|
|
128
|
|
1,020
|
|
1,601
|
|
659
|
|
Income before
tax
|
7,433
|
|
5,229
|
|
8,381
|
|
17,892
|
|
18,228
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,016)
|
|
(1,537)
|
|
(1,108)
|
|
(3,262)
|
|
(2,331)
|
|
Income from
continuing operations and before
noncontrolling interest
|
6,417
|
|
3,692
|
|
7,273
|
|
14,630
|
|
15,897
|
|
Noncontrolling
interest
|
(49)
|
|
(40)
|
|
(56)
|
|
(141)
|
|
(124)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to shareholders of
the parent
|
6,368
|
|
3,652
|
|
7,217
|
|
14,489
|
|
15,773
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
|
|
|
|
-- Basic
|
NT$0.83
|
|
NT$0.48
|
|
NT$0.94
|
|
NT$1.89
|
|
NT$2.05
|
|
-- Diluted
|
NT$0.69
|
|
NT$0.43
|
|
NT$0.82
|
|
NT$1.76
|
|
NT$1.98
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in diluted EPS
calculation (in thousands)
|
8,230,923
|
|
8,151,710
|
|
8,194,417
|
|
8,240,964
|
|
8,209,165
|
|
Advanced Semiconductor Engineering,
Inc.
Summary of Consolidated Statement of Comprehensive Income
Data --
EMS[4]
(In NT$ millions, except per share
data)
(Unaudited)
|
For the three months
ended
|
|
For the period
ended
|
|
Sep. 30
2015
|
|
Jun. 30
2015
|
|
Sep. 30
2014
|
|
Sep. 30
2015
|
|
Sep. 30
2014
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
36,161
|
|
34,576
|
|
26,766
|
|
99,081
|
|
68,651
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(33,176)
|
|
(32,370)
|
|
(24,477)
|
|
(91,625)
|
|
(62,263)
|
|
Gross
profit
|
2,985
|
|
2,206
|
|
2,289
|
|
7,456
|
|
6,388
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(746)
|
|
(783)
|
|
(560)
|
|
(2,190)
|
|
(1,575)
|
|
Selling, general and
administrative
|
(860)
|
|
(962)
|
|
(820)
|
|
(2,736)
|
|
(2,374)
|
|
Total operating
expenses
|
(1,606)
|
|
(1,745)
|
|
(1,380)
|
|
(4,926)
|
|
(3,949)
|
|
Operating
income
|
1,379
|
|
461
|
|
909
|
|
2,530
|
|
2,439
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Total non-operating
income
|
(558)
|
|
423
|
|
110
|
|
81
|
|
303
|
|
Income before
tax
|
821
|
|
884
|
|
1,019
|
|
2,611
|
|
2,742
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(120)
|
|
(64)
|
|
(138)
|
|
(340)
|
|
(482)
|
|
Income from
continuing operations and before
noncontrolling interest
|
701
|
|
820
|
|
881
|
|
2,271
|
|
2,260
|
|
Noncontrolling
interest
|
(272)
|
|
(110)
|
|
(93)
|
|
(512)
|
|
(288)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to shareholders of
the parent
|
429
|
|
710
|
|
788
|
|
1,759
|
|
1,972
|
|
Advanced
Semiconductor Engineering,
Inc.
Summary
of Consolidated Balance Sheet
Data
(In NT$
millions)
(Unaudited)
|
|
As of Sep. 30,
2015
|
|
As of Jun. 30,
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
|
42,410
|
|
|
|
|
|
54,175
|
|
Financial
assets -- current
|
|
|
|
3,158
|
|
|
|
|
|
4,690
|
|
Notes and accounts
receivable
|
|
|
|
53,156
|
|
|
|
|
|
50,733
|
|
Inventories
|
|
|
|
52,706
|
|
|
|
|
|
46,152
|
|
Others
|
|
|
|
5,741
|
|
|
|
|
|
4,513
|
|
Total current
assets
|
|
|
|
157,171
|
|
|
|
|
|
160,263
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
assets -- non current & Investments -- equity
method
|
|
|
|
37,887
|
|
|
|
|
|
2,280
|
|
Property plant and
equipment
|
|
|
|
152,981
|
|
|
|
|
|
152,755
|
|
Intangible
assets
|
|
|
|
11,959
|
|
|
|
|
|
11,829
|
|
Prepaid lease
payments
|
|
|
|
2,610
|
|
|
|
|
|
2,488
|
|
Others
|
|
|
|
5,844
|
|
|
|
|
|
5,546
|
|
Total
assets
|
|
|
|
368,452
|
|
|
|
|
|
335,161
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
|
45,747
|
|
|
|
|
|
37,193
|
|
Current portion of
bonds payable
|
|
|
|
2,578
|
|
|
|
|
|
0
|
|
Current portion of
long-term borrowings & capital lease obligations
|
|
|
|
2,028
|
|
|
|
|
|
1,554
|
|
Notes and accounts
payable
|
|
|
|
39,700
|
|
|
|
|
|
33,955
|
|
Others
|
|
|
|
29,861
|
|
|
|
|
|
47,236
|
|
Total current
liabilities
|
|
|
|
119,914
|
|
|
|
|
|
119,938
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
|
35,804
|
|
|
|
|
|
30,867
|
|
Long-term borrowings
& capital lease obligations
|
|
|
|
38,389
|
|
|
|
|
|
22,290
|
|
Other
liabilities
|
|
|
|
10,062
|
|
|
|
|
|
9,378
|
|
Total
liabilities
|
|
|
|
204,169
|
|
|
|
|
|
182,473
|
|
Shareholders of the
parent
|
|
|
|
153,529
|
|
|
|
|
|
142,601
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling
interest
|
|
|
|
10,754
|
|
|
|
|
|
10,087
|
|
Total liabilities
& shareholders' equity
|
|
|
|
368,452
|
|
|
|
|
|
335,161
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
|
|
1.31
|
|
|
|
|
|
1.34
|
|
Net Debt to
Equity
|
|
|
|
0.48
|
|
|
|
|
|
0.22
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1] All financial information presented in this press release is
unaudited, consolidated and prepared in accordance with Taiwan-IFRS
(International Financial Reporting Standards as endorsed for use in
the R.O.C.). Such financial information is generated
internally by us, and has not been subjected to the same review and
scrutiny, including internal auditing procedures and audit by our
independent auditors, to which we subject our audited consolidated
financial statements, and may vary materially from the audited
consolidated financial information for the same period. Any
evaluation of the financial information presented in this press
release should also take into account our published audited
consolidated financial statements and the notes to those
statements. In addition, the financial information presented
is not necessarily indicative of our results of operations for any
future period.
[2] ATM stands for Semiconductor Assembly, Testing and
Material.
[3] IC packaging services include module assembly services.
[4] Starting in 2015, we prepare financial statements in
accordance with Taiwan-IFRS 2013 version. Under Taiwan-IFRS 2013
version, the impact of some newly effected GAAP shall be
retroactively applied. The consolidated statements of comprehensive
income for the three months ended September 30, 2014 and for
the period ended September 30, 2014
have been adjusted accordingly.
IR Contact:
Michelle Jao,
Manager
mjao@iselabs.com
Tel:
+1.510.687.2481
http://www.aseglobal.com
|
Grace Teng,
Manager
grace_teng@aseglobal.com
Tel:
+886.2.6636.5678
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/advanced-semiconductor-engineering-inc-reports-unaudited-consolidated-financial-results-for-the-third-quarter-of-2015-300168539.html
SOURCE Advanced Semiconductor Engineering, Inc.