TAIPEI, Taiwan, April 28, 2017 /PRNewswire/ -- Advanced
Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We",
"ASE", or the "Company"), among the world's leading companies in
semiconductor packaging and testing, today reported unaudited net
revenues[1] of NT$66,551
million for the first quarter of 2017 (1Q17), up by 7%
year-over-year and down by 14% sequentially. Net income
attributable to shareholders of the parent for the quarter totaled
NT$2,569 million, down from a net
income attributable to shareholders of the parent of NT$3,882 million in 1Q16 and down from a net
income attributable to shareholders of the parent of NT$7,965 million in 4Q16. Basic earnings
per share for the quarter were NT$0.33 (or US$0.054 per ADS), compared to basic earnings per
share of NT$0.51 for 1Q16 and
NT$1.04 for 4Q16. Diluted earnings
per share for the quarter were NT$0.30 (or US$0.047 per ADS), compared to diluted earnings
per share of NT$0.40 for 1Q16 and
NT$0.88 for 4Q16.
RESULTS OF OPERATIONS
1Q17 Results Highlights -- Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations, substrates sold to third parties and
others, each represented approximately 45%, 10%, 44%, 1% and 0%,
respectively, of total net revenues for the quarter.
- Cost of revenue was NT$54,573
million for the quarter, down from NT$61,751 million in 4Q16.
-
- Raw material cost totaled NT$31,285
million for the quarter, representing 47% of total net
revenues
- Labor cost totaled NT$8,857
million for the quarter, representing 13% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$6,937 million for the
quarter.
- Gross margin decreased 1.9 percentage points to 18.0% in 1Q17
from 19.9% in 4Q16.
- Operating margin was 7.9% in 1Q17 compared to 10.5% in
4Q16.
- In terms of non-operating items:
-
- Net interest expense was NT$435
million.
- Net foreign exchange gain of NT$2,891
million was primarily attributable to the depreciation of
the U.S. dollar against the NT dollar.
- Loss on valuation of financial assets and liabilities was
NT$3,964 million.
- Net loss on equity-method investments was NT$162 million, including NT$54 million of the share of loss from our
investment in Siliconware Precision Industries Co.,
Ltd.
- Other net non-operating income of NT$299
million were primarily related to miscellaneous
income. Total non-operating expenses for the quarter was
NT$1,371 million.
- Income before tax was NT$3,857
million for 1Q17, compared to NT$9,669 million in 4Q16. We recorded income tax
expenses of NT$886 million for the
quarter, compared to NT$1,274 million
in 4Q16.
- In 1Q17, net income attributable to shareholders of the parent
was NT$2,569 million, compared to net
income attributable to shareholders of the parent of NT$3,882 million in 1Q16 and net income
attributable to shareholders of the parent of NT$7,965 million in 4Q16.
- Our total number of shares outstanding at the end of the
quarter was 8,273,546,046, including treasury stock owned by our
subsidiaries. Our 1Q17 basic earnings per share of
NT$0.33 (or US$0.054 per ADS) were based on 7,700,388,418
weighted average number of shares outstanding in 1Q17. Our 1Q17
diluted earnings per share of NT$0.30
(or US$0.047 per ADS) were based on
7,931,316,437 weighted average number of shares outstanding in
1Q17.
1Q17 Results Highlights -- IC ATM[2]
- Cost of revenues was NT$29,550
million for the quarter, down by 7% sequentially.
-
- Raw material cost totaled NT$8,698
million for the quarter, representing 23% of total net
revenues
- Labor cost totaled NT$7,750
million for the quarter, representing 20% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$6,454 million for the
quarter.
- Gross margin decreased 3.8 percentage points to 23.0% in 1Q17
from 26.8% in 4Q16.
- Operating margin was 10.4% in 1Q17 compared to 14.7% in
4Q16.
1Q17 Results Highlights -- EMS
- Cost of revenues for the quarter was NT$26,249 million, down by 15% sequentially.
-
- Raw material cost totaled NT$22,631
million for the quarter, representing 77% of total net
revenues.
- Labor cost totaled NT$1,097
million for the quarter, representing 4% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$502 million for the quarter.
- Gross margin increased to 10.6% in 1Q17 from 10.4% in
4Q16.
- Operating margin increased to 4.2% in 1Q17 from 4.8% in
4Q16.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 1Q17 totaled US$155 million, of which US$120 million were used in packaging operations,
US$31 million in testing operations,
US$3 million in EMS operations and
US$1 million in interconnect
materials operations.
- As of March 31, 2017, total
unused credit lines amounted to NT$183,034
million.
- Current ratio was 1.38 and net debt to equity ratio was 0.30 as
of March 31, 2017.
- Total number of employees was 66,164 as of March 31, 2017, compared to 66,711 as of
December 31, 2016.
Business Review
Packaging Operations[3]
- Gross margin for our packaging operations during the quarter
was 20.7%, down by 3.4 percentage points from 4Q16.
- Capital expenditures for our packaging operations amounted to
US$120 million for the quarter, of
which US$78 million were used in
purchases of wafer bumping and flip chip packaging equipment, and
US$42 million were used in purchase
of common equipment, SiP equipment and wirebond packaging
equipment.
Testing Operations
- Depreciation, amortization and rental expense associated with
our testing operations amounted to NT$1,759
million during the quarter, up from NT$1,806 million in 4Q17.
- Gross margin for our testing operations amounted to 33.4%
during the quarter, down by 5.0 percentage points from 4Q16.
- Capital expenditures for our testing operations amounted to
US$31 million during the
quarter.
EMS Operations
- Gross margin for our EMS operations amounted to 10.6% during
the quarter, up by 0.2 percentage points from 4Q16.
- Capital expenditures for our EMS operations amounted to
US$3 million during the quarter.
Substrate Operations
- PBGA substrate manufactured by ASE amounted to NT$2,090 million for the quarter, down by
NT$81 million, or by 4% from 4Q16. Of
the total output of NT$2,090 million,
NT$892 million was from sales to
external customers.
- Gross margin for substrate operations was 12.0% for the
quarter, down by 1.8 percentage points from 4Q16.
- In 1Q17, our internal substrate manufacturing operations
supplied 27% (by value) of our total substrate requirements.
Customers
IC ATM consolidated Basis
- Our five largest customers together accounted for approximately
31% of our total net revenues in 1Q17, compared to 33% in 4Q16. No
customer accounted for more than 10% of our total net revenues in
1Q17.
- Our top 10 customers contributed 47% of our total net revenues
for the quarter, compare to 50% in 4Q16.
- Our customers that are integrated device manufacturers or IDMs
accounted for 36% of our total net revenues for the quarter,
compared to 35% in 4Q16.
EMS Basis
- Our five largest customers together accounted for approximately
81% of our total net revenues in 1Q17, compared to 83% in
4Q16. One customer accounted for more than 10% of our total
net revenues in 1Q17.
- Our top 10 customers contributed 90% of our total net revenues
during the quarter, compared to 91% in 4Q16.
ASE-SPIL TRANSACTION UPDATE
- ASE and SPIL submitted the required materials to the Taiwan
Fair Trade Commission (the "TFTC") on July
29, 2016 and the TFTC issued a no objection letter in
respect of the transaction.
- ASE and SPIL submitted the required materials to the Ministry
of Commerce of the People's Republic of
China ("MOFCOM") on August 25,
2016. MOFCOM formally accepted the parties' notification
materials on December 14, 2016. On
April 12, 2017, ASE received MOFCOM's
notice extending its review to Phase III review.
- The parties are continuing to cooperate with the U.S. Federal
Trade Commission's ("FTC") investigation, and are working toward a
goal of successfully completing the investigation as soon as
possible.
OUTLOOK
Based on our current business outlook and
exchange rate assumptions, management projects overall performance
for the second quarter of 2017 to be as follows:
- IC ATM 2Q17 business and gross margin should both be similar to
previous quarter;
- EMS 2Q17 business should be similar to the average of 2Q16 and
3Q16 levels;
- EMS 2Q17 gross margin should be similar to previous
quarter.
About ASE, Inc.
ASE is among the world's
leading companies in semiconductor packaging and testing
sector, 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. 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 uncertainties as to whether we
can complete the share exchange contemplated by a joint share
exchange agreement between Siliconware Precision Industries Co.,
Ltd. and us; 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 2016 Annual Report on Form 20-F filed on April 21, 2017.
Supplemental Financial Information
IC ATM Consolidated Operations
|
Amounts in NT$
Millions
|
1Q/17
|
4Q/16
|
1Q/16
|
|
Net
Revenues
|
38,385
|
43,463
|
35,543
|
|
Revenues by
Application
|
|
|
|
|
Communication
|
50%
|
53%
|
51%
|
|
Computer
|
11%
|
10%
|
12%
|
|
Automotive, Consumer
& Others
|
39%
|
37%
|
37%
|
Packaging Operations
|
Amounts in NT$
Millions
|
1Q/17
|
4Q/16
|
1Q/16
|
|
Net
Revenues
|
31,061
|
35,242
|
28,597
|
|
Revenues by
Packaging Type
|
|
|
|
|
Bumping, Flip Chip,
WLP & SiP
|
31%
|
32%
|
29%
|
|
IC
Wirebonding
|
58%
|
57%
|
62%
|
|
Discrete and
Others
|
11%
|
11%
|
9%
|
|
Capacity
|
|
|
|
|
CapEx (US$
Millions)*
|
120
|
87
|
62
|
|
Number of
Wirebonders
|
15,963
|
15,897
|
15,629
|
Testing Operations
|
Amounts in NT$
Millions
|
1Q/17
|
4Q/16
|
1Q/16
|
|
Net
Revenues
|
6,365
|
7,303
|
5,995
|
|
Revenues by
Testing Type
|
|
|
|
|
Final test
|
81%
|
77%
|
78%
|
|
Wafer sort
|
15%
|
20%
|
18%
|
|
Engineering
test
|
4%
|
3%
|
4%
|
|
Capacity
|
|
|
|
|
CapEx (US$
Millions)*
|
31
|
30
|
47
|
|
Number of
Testers
|
3,782
|
3,739
|
3,453
|
EMS Operations
|
Amounts in NT$
Millions
|
1Q/17
|
4Q/16
|
1Q/16
|
|
Net
Revenues
|
29,363
|
34,634
|
24,788
|
|
Revenues by End
Application
|
|
|
|
|
Communication
|
49%
|
53%
|
51%
|
|
Computer
|
15%
|
14%
|
19%
|
|
Consumer
|
22%
|
20%
|
15%
|
|
Industrial
|
7%
|
7%
|
7%
|
|
Automotive
|
6%
|
5%
|
7%
|
|
Others
|
1%
|
1%
|
1%
|
|
Capacity
|
|
|
|
|
CapEx (US$
Millions)*
|
3
|
6
|
2
|
|
* Capital
expenditure excludes building construction costs.
|
|
Advanced
Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months
ended
|
|
Mar. 31
2017
|
|
Dec. 31
2016
|
|
Mar. 31
2016
|
|
Net
revenues:
|
|
|
|
|
|
|
Packaging
|
29,806
|
|
33,620
|
|
28,036
|
|
Testing
|
6,365
|
|
7,303
|
|
5,995
|
|
Direct
Material
|
892
|
|
806
|
|
892
|
|
EMS
|
29,355
|
|
34,627
|
|
24,749
|
|
Others
|
133
|
|
772
|
|
2,699
|
|
Total net
revenues
|
66,551
|
|
77,128
|
|
62,371
|
|
|
|
|
|
|
|
Cost of
revenues
|
(54,573)
|
|
(61,751)
|
|
(50,922)
|
|
Gross
profit
|
11,978
|
|
15,377
|
|
11,449
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development
|
(2,763)
|
|
(3,091)
|
|
(2,608)
|
|
Selling, general and
administrative
|
(3,987)
|
|
(4,153)
|
|
(3,635)
|
|
Total operating
expenses
|
(6,750)
|
|
(7,244)
|
|
(6,243)
|
|
Operating
income
|
5,228
|
|
8,133
|
|
5,206
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
Interest expense -
net
|
(435)
|
|
(451)
|
|
(527)
|
|
Foreign exchange gain
(loss)
|
2,891
|
|
(308)
|
|
881
|
|
Gain (loss) on
valuation of financial assets
and liabilities
|
(3,964)
|
|
1,940
|
|
(360)
|
|
Gain (loss) on
equity-method investments[4]
|
(162)
|
|
427
|
|
103
|
|
Others
|
299
|
|
(72)
|
|
71
|
|
Total non-operating
income (expenses)
|
(1,371)
|
|
1,536
|
|
168
|
|
Income before
tax
|
3,857
|
|
9,669
|
|
5,374
|
|
|
|
|
|
|
|
Income tax
expense
|
(886)
|
|
(1,274)
|
|
(1,318)
|
|
Income from
continuing operations and
before noncontrolling
interest
|
2,971
|
|
8,395
|
|
4,056
|
|
Noncontrolling
interest
|
(402)
|
|
(430)
|
|
(174)
|
|
|
|
|
|
|
|
Net income attributable to
shareholders of
the parent
|
2,569
|
|
7,965
|
|
3,882
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
– Basic
|
NT$0.33
|
|
NT$1.04
|
|
NT$0.51
|
|
– Diluted
|
NT$0.30
|
|
NT$0.88
|
|
NT$0.40
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS
|
|
|
|
|
|
|
– Basic
|
US$0.054
|
|
US$0.164
|
|
US$0.077
|
|
– Diluted
|
US$0.047
|
|
US$0.140
|
|
US$0.060
|
|
|
|
|
|
|
|
Number of weighted average shares used
in
diluted EPS
calculation (in thousands)
|
7,931,316
|
|
8,255,657
|
|
8,293,278
|
|
|
|
|
|
|
|
Exchange rate (NT$
per US$1)
|
31.20
|
|
31.62
|
|
33.07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advanced
Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data – IC
ATM
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months
ended
|
|
Mar. 31
2017
|
|
Dec. 31
2016
|
|
Mar. 31
2016
|
|
Net
revenues:
|
|
|
|
|
|
|
Packaging
|
31,061
|
|
35,242
|
|
28,597
|
|
Testing
|
6,365
|
|
7,303
|
|
5,995
|
|
Direct
Material
|
935
|
|
898
|
|
931
|
|
Others
|
24
|
|
20
|
|
20
|
|
Total net
revenues
|
38,385
|
|
43,463
|
|
35,543
|
|
|
|
|
|
|
|
Cost of
revenues
|
(29,550)
|
|
(31,816)
|
|
(27,711)
|
|
Gross
profit
|
8,835
|
|
11,647
|
|
7,832
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development
|
(2,000)
|
|
(2,269)
|
|
(1,922)
|
|
Selling, general and
administrative
|
(2,850)
|
|
(3,003)
|
|
(2,688)
|
|
Total operating
expenses
|
(4,850)
|
|
(5,272)
|
|
(4,610)
|
|
Operating
income
|
3,985
|
|
6,375
|
|
3,222
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
Interest expense -
net
|
(498)
|
|
(499)
|
|
(604)
|
|
Foreign exchange gain
(loss)
|
2,868
|
|
(432)
|
|
834
|
|
Gain (loss) on
valuation of financial assets
and liabilities
|
(4,072)
|
|
1,881
|
|
(261)
|
|
Gain (loss) on
equity-method investments[4]
|
610
|
|
1,617
|
|
1,149
|
|
Others
|
325
|
|
104
|
|
124
|
|
Total non-operating
income (expenses)
|
(767)
|
|
2,671
|
|
1,242
|
|
Income before
tax
|
3,218
|
|
9,046
|
|
4,464
|
|
|
|
|
|
|
|
Income tax
expense
|
(570)
|
|
(967)
|
|
(529)
|
|
Income from continuing operations
and
before noncontrolling interest
|
2,648
|
|
8,079
|
|
3,935
|
|
Noncontrolling
interest
|
(79)
|
|
(114)
|
|
(53)
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders
of the parent
|
2,569
|
|
7,965
|
|
3,882
|
|
|
|
|
|
|
|
Advanced
Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data –
EMS
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months
ended
|
|
Mar. 31
2017
|
|
Dec. 31
2016
|
|
Mar. 31
2016
|
|
Net
revenues:
|
|
|
|
|
|
|
Total net
revenues
|
29,363
|
|
34,634
|
|
24,788
|
|
|
|
|
|
|
|
Cost of
revenues
|
(26,249)
|
|
(31,038)
|
|
(22,781)
|
|
Gross
profit
|
3,114
|
|
3,596
|
|
2,007
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development
|
(780)
|
|
(840)
|
|
(710)
|
|
Selling, general and
administrative
|
(1,101)
|
|
(1,099)
|
|
(920)
|
|
Total operating
expenses
|
(1,881)
|
|
(1,939)
|
|
(1,630)
|
|
Operating
income
|
1,233
|
|
1,657
|
|
377
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
Total non-operating
income
|
217
|
|
114
|
|
78
|
|
Income before
tax
|
1,450
|
|
1,771
|
|
455
|
|
|
|
|
|
|
|
Income tax
expense
|
(303)
|
|
(509)
|
|
(81)
|
|
Income from
continuing operations and
before noncontrolling interest
|
1,147
|
|
1,262
|
|
374
|
|
Noncontrolling
interest
|
(313)
|
|
(305)
|
|
(108)
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders
of the parent
|
834
|
|
957
|
|
266
|
|
Advanced
Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet Data
(In NT$ millions)
(Unaudited)
|
|
|
As of Mar. 31,
2017
|
|
As of Dec. 31,
2016
|
|
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
42,474
|
|
|
|
38,392
|
|
|
Financial assets –
current
|
|
|
3,720
|
|
|
|
3,895
|
|
|
Notes and accounts
receivable
|
|
|
43,728
|
|
|
|
51,145
|
|
|
Inventories
|
|
|
42,616
|
|
|
|
45,626
|
|
|
Others
|
|
|
3,835
|
|
|
|
3,732
|
|
|
Total current
assets
|
|
|
136,373
|
|
|
|
142,790
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets –
non current & Investments –
equity method
|
|
|
52,200
|
|
|
|
52,174
|
|
|
Property plant and
equipment
|
|
|
140,072
|
|
|
|
143,880
|
|
|
Intangible
assets
|
|
|
11,922
|
|
|
|
12,120
|
|
|
Prepaid lease
payments
|
|
|
2,081
|
|
|
|
2,237
|
|
|
Others
|
|
|
4,901
|
|
|
|
4,742
|
|
|
Total
assets
|
|
|
347,549
|
|
|
|
357,943
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
13,400
|
|
|
|
20,956
|
|
|
Current portion of
bonds payable
|
|
|
15,179
|
|
|
|
9,658
|
|
|
Current portion of
long-term borrowings & capital
lease obligations
|
|
|
7,218
|
|
|
|
6,683
|
|
|
Notes and accounts
payable
|
|
|
30,621
|
|
|
|
35,804
|
|
|
Others
|
|
|
32,173
|
|
|
|
31,375
|
|
|
Total current
liabilities
|
|
|
98,591
|
|
|
|
104,476
|
|
|
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
28,476
|
|
|
|
27,342
|
|
|
Long-term borrowings
& capital lease obligations
|
|
|
33,639
|
|
|
|
47,013
|
|
|
Other
liabilities
|
|
|
10,053
|
|
|
|
9,765
|
|
|
Total
liabilities
|
|
|
170,759
|
|
|
|
188,596
|
|
|
|
|
|
|
|
|
|
|
|
Shareholders of the
parent
|
|
|
164,887
|
|
|
|
157,355
|
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling
interest
|
|
|
11,903
|
|
|
|
11,992
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
& shareholders' equity
|
|
|
347,549
|
|
|
|
357,943
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
|
1.38
|
|
|
|
1.37
|
|
|
|
|
|
|
|
|
|
|
|
Net Debt to
Equity
|
|
|
0.30
|
|
|
|
0.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[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] As of
September 30, 2016, we have completed the identification of the
difference between the cost of the investment and our share of the
net fair value of SPIL's identifiable assets and liabilities.
Accordingly, we retrospectively adjusted the provisional
amounts recognized at the acquisition dates in September 2015,
March and April 2016, respectively.
|
IR Contact:
|
Iris Wu,
Manager
|
Grace Teng,
Manager
|
|
irissh_wu@aseglobal.com
|
grace_teng@aseglobal.com
|
|
Tel:
+886.2.6636.5678
|
Tel:
+886.2.6636.5678
|
|
http://www.aseglobal.com
|
|
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-first-quarter-of-2017-300447868.html
SOURCE Advanced Semiconductor Engineering, Inc.