TAIPEI, April 30, 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$64,662 million for
the first quarter of 2015 (1Q15), up by 18% year-over-year and down
by 16% sequentially. Net income attributable to shareholders
of the parent for the quarter totaled NT$4,469 million, up from a net income
attributable to shareholders of the parent of NT$3,450 million in 1Q14 and down from a net
income attributable to shareholders of the parent of NT$7,864 million in 4Q14. Basic earnings
per share for the quarter were NT$0.58 (or US$0.092 per ADS), compared to basic earnings per
share of NT$0.45 for 1Q14 and
NT$1.02 for 4Q14. Diluted earnings
per share for the quarter were NT$0.56 (or US$0.089 per ADS), compared to diluted earnings
per share of NT$0.44 for 1Q14 and
NT$0.99 for 4Q14.
[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.
|
RESULTS OF OPERATIONS
1Q15 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$52,349
million for the quarter, up by 18% year-over-year and down
from NT$60,233 million in the
previous quarter.
- Raw material cost totaled NT$30,185
million during the quarter, representing 47% of total net
revenues, compared with NT$36,981
million and 48% of total net revenues in 4Q14.
- Labor cost totaled NT$8,695
million during the quarter, representing 13% of total net
revenues, compared with NT$8,922
million and 12% of total net revenues in 4Q14.
- Depreciation, amortization and rental expenses totaled
NT$7,106 million during the quarter,
up by 16% year-over-year and up by 4% sequentially.
- Gross margin decreased 2.4 percentage points to 19.0% in 1Q15
from 21.4% in 4Q14.
- Total operating expenses during 1Q15 were NT$6,021 million, including NT$2,547 million in R&D and NT$3,474 million in SG&A, compared with total
operating expenses of NT$6,565
million in 4Q14. Total operating expenses as a
percentage of net revenues were 9% in 1Q15, down from 10% in 1Q14
and remained the same as 4Q14.
- Operating income for the quarter totaled NT$6,292 million, down from NT$9,846 million in 4Q14. Operating margin
was 9.7% in 1Q15 compared to 12.8% in 4Q14.
- In terms of non-operating items:
- Net interest expense was NT$526
million, down from NT$546
million in 4Q14.
- Net foreign exchange gain of NT$540
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$969 million.
- Other net non-operating income of NT$165
million was primarily related to miscellaneous income.
Total non-operating expenses for the quarter were NT$786 million, compared to total non-operating
expenses of NT$786 million for 1Q14
and total non-operating expenses of NT$267
million for 4Q14.
- Income before tax was NT$5,506
million for 1Q15, compared to NT$9,579 million in 4Q14. We recorded
income tax expenses of NT$856 million
during the quarter, compared to NT$1,475
million in 4Q14.
- In 1Q15, net income attributable to shareholders of the parent
was NT$4,469 million, compared to net
income attributable to shareholders of the parent of NT$3,450 million for 1Q14 and net income
attributable to shareholders of the parent of NT$7,864 million for 4Q14.
- Our total number of shares outstanding at the end of the
quarter was 7,887,881,546, including treasury stock owned by our
subsidiaries. Our 1Q15 basic earnings per share of
NT$0.58 (or US$0.092 per ADS) were based on 7,706,554,578
weighted average number of shares outstanding in 1Q15. Our 1Q15
diluted earnings per share of NT$0.56
(or US$0.089 per ADS) were based on
7,868,151,106 weighted average number of shares outstanding in
1Q15.
1Q15 Results Highlights – IC ATM[2]
- Net revenue contribution from IC ATM operations was
NT$38,605 million for the quarter, up
by 12% year-over-year and down by 12% sequentially. Net
revenue contribution from packaging operations, testing operations,
substrates sold to third parties and others was NT$31,546 million, NT$6,180 million, NT$861
million, and NT$18 million,
respectively, and each represented approximately 82%, 16%, 2%, and
0%, respectively, of total net revenues for the quarter.
- Cost of revenues was NT$28,610
million for the quarter, up by 10% year-over-year and down
by 5% sequentially.
- Raw material cost totaled NT$8,585
million during the quarter, representing 22% of total net
revenues, compared with NT$9,137
million and 21% of total net revenues in 4Q14.
- Labor cost totaled NT$7,386
million during the quarter, representing 19% of total net
revenues, compared with NT$7,804
million and 18% of total net revenues in 4Q14.
- Depreciation, amortization and rental expenses totaled
NT$6,581 million during the quarter,
up by 13% year-over-year and up by 2% sequentially.
- Gross margin decreased 5.5 percentage points to 25.9% in 1Q15
from 31.4% in 4Q14.
- Total operating expenses during 1Q15 were NT$4,449 million, including NT$1,909 million in R&D and NT$2,540 million in SG&A, compared with total
operating expenses of NT$4,841
million in 4Q14. Total operating expenses as a
percentage of net revenues were 12% in 1Q15, remained the same as
1Q14 and up from 11% in 4Q14.
- Operating income for the quarter totaled NT$5,546 million, down from NT$8,931 million in 4Q14. Operating margin
was 14.4% in 1Q15 compared to 20.4% in 4Q14.
[2] ATM stands for
Semiconductor Assembly, Testing and Material.
|
1Q15 Results Highlights – EMS
- Net revenue contribution from EMS operations for the quarter
was NT$28,344 million, up by 33%
year-over-year and down by 24% sequentially.
- Cost of revenues for the quarter was NT$26,079 million, up by 35% year-over-year and
down by 24% sequentially.
- Raw material cost totaled NT$21,610
million during the quarter, representing 76% of total net
revenues, compared with NT$27,855
million and 75% of total net revenues in 4Q14.
- Labor cost totaled NT$1,310
million during the quarter, representing 5% of total net
revenues, compared with NT$1,118
million and 3% of total net revenues in 4Q14.
- Depreciation, amortization and rental expenses totaled
NT$553 million during the quarter, up
by 106% year-over-year and up by 49% sequentially.
- Gross margin increased to 8.0% in 1Q15 from 7.9% in 4Q14.
- Total operating expenses during 1Q15 were NT$1,575 million, including NT$661 million in R&D and NT$914 million in SG&A, compared with total
operating expenses of NT$1,700
million in 4Q14. Total operating expenses as a
percentage of net revenues were 6% in 1Q15, remained the same as in
1Q14 and up from 5% in 4Q14.
- Operating income for the quarter totaled NT$690 million, down from NT$1,227 million in 4Q14. Operating margin
decreased to 2.4% in 1Q15 from 3.3% in 4Q14.
LIQUIDITY AND CAPITAL RESOURCES
- As of March 31, 2015, our cash
and current financial assets totaled NT$54,924 million, compared to NT$58,216 million as of December 31, 2014.
- Capital expenditures in 1Q15 totaled US$138 million, of which US$67 million were used for packaging,
US$52 million for testing,
US$16 million for EMS and
US$3 million for interconnect
materials.
- As of March 31, 2015, we had
total debt of NT$93,656 million,
compared to NT$99,387 million as of
December 31, 2014. Total debt
consisted of NT$36,661 million of
short-term borrowings, NT$1,151
million of the current portion of long-term borrowings and
capital lease obligations and NT$55,844
million of bonds payable, long-term borrowings and capital
lease obligations. Total unused credit lines amounted to
NT$149,964 million.
- Current ratio as of March 31,
2015 was 1.48, compared to 1.44 as of December 31, 2014. Net debt to equity ratio
was 0.25 as of March 31, 2015.
- Total number of employees was 68,599 as of March 31, 2015, compared to 60,513 as of
March 31, 2014 and 68,100 as of
December 31, 2014.
BUSINESS REVIEW
Packaging Operations[3]
- Net revenues generated from our packaging operations were
NT$31,546 million during the quarter,
up by NT$3,759 million, or by 14%
year-over-year, and down by NT$4,813
million, or by 13% sequentially.
- Net revenues from advanced packaging accounted for 33% of our
total packaging net revenues during the quarter, down by 5
percentage points from 4Q14. Net revenues from IC wirebonding
accounted for 58% of our total packaging net revenues during the
quarter, up by 5 percentage points from 4Q14. Net revenues
from discrete and others accounted for 9% of our total packaging
net revenues during the quarter, remained the same as 4Q14.
- Gross margin for our packaging operations during the quarter
was 23.7%, up by 2.0 percentage points year-over-year and down by
5.9 percentage points from 4Q14.
- Capital expenditures for our packaging operations amounted to
US$67 million during the quarter, of
which US$31 million were used for
purchases of wafer bumping and flip chip packaging equipment and
US$36 million for common equipment
purchases, including SiP equipment purchases.
- As of March 31, 2015, there were
15,772 wirebonders in operation. 15 wirebonders were added and 35
wirebonders were disposed of during the quarter.
[3] IC packaging
services include module assembly services.
|
Testing Operations
- Net revenues generated from our testing operations were
NT$6,180 million during the quarter,
up by NT$395 million, or by 7%
year-over-year, and down by NT$483
million, or by 7% sequentially.
- Final testing accounted for 74% of our total testing net
revenues, down by 1 percentage point from the previous
quarter. Wafer sort accounted for 21% of our total testing
net revenues, remained the same as 4Q14. Engineering testing
accounted for 5% of our total testing net revenues, up by 1
percentage point from 4Q14.
- Depreciation, amortization and rental expense associated with
our testing operations amounted to NT$1,701
million during the quarter, up from NT$1,642 million in 1Q14 and up from NT$1,669 million in 4Q14.
- In 1Q15, gross margin for our testing operations was 34.3%, up
by 2.0 percentage points year-over-year and down by 4.6 percentage
point from the previous quarter.
- Capital expenditures for our testing operations amounted to
US$52 million during the
quarter.
- As of March 31, 2015, there were
3,339 testers in operation. 121 testers were added and 49 testers
were disposed of during the quarter.
EMS Operations
- Net revenues generated from our EMS operations were
NT$28,344 million during the quarter,
up by NT$6,968 million, or by 33%
year-over-year, and down by NT$8,876
million, or by 24% sequentially.
- Communications products accounted for 47% of our total net
revenues from EMS operations for the quarter, down by 20 percentage
points from 4Q14. Computing products accounted for 17% of our
total net revenues from EMS operations, up by 4 percentage points
from 4Q14. Consumer products accounted for 18% of our total
net revenues from EMS operations, up by 11 percentage point from
4Q14. Industrial products accounted for 11% of our total net
revenues from EMS operations, up by 3 percentage points from
4Q14. Automotive products accounted for 6% of our total net
revenues from EMS operations, up by 1 percentage point from the
previous quarter.
- In 1Q15, gross margin for our EMS operations was 8.0%, down by
1.6 percentage points year-over-year and up by 0.1 percentage
points from the previous quarter.
- Capital expenditures for our EMS operations amounted to
US$16 million during the
quarter.
Substrate Operations
- PBGA substrate manufactured by ASE amounted to NT$2,172 million during the quarter, up by
NT$86 million, or by 4%
year-over-year, and down by NT$111
million, or by 5% from 4Q14. Of the total output of
NT$ 2,172 million, NT$861 million was from sales to external
customers.
- Gross margin for substrate operations was 17.1% during the
quarter, up by 0.4 percentage points year-over-year and down by 2.1
percentage points from 4Q14.
- In 1Q15, our internal substrate manufacturing operations
supplied 28% (by value) of our total substrate requirements.
Customers
IC ATM consolidated Basis
- Our five largest customers together accounted for approximately
37% of our total net revenues in 1Q15, compared to 34% in 1Q14 and
42% in 4Q14. One customer accounted for more than 10% of our
total net revenues in 1Q15.
- Our top 10 customers contributed 53% of our total net revenues
during the quarter, compared to 47% in 1Q14 and 56% in 4Q14.
- Our customers that are integrated device manufacturers, or
IDMs, accounted for 33% of our total net revenues during the
quarter, compared to 36% in 1Q14 and 31% in 4Q14.
EMS Basis
- Our five largest customers together accounted for approximately
77% of our total net revenues in 1Q15, compared to 73% in 1Q14 and
78% in 4Q14. One customer accounted for more than 10% of our
total net revenues in 1Q15.
- Our top 10 customers contributed 89% of our total net revenues
during the quarter, compared to 86% in 1Q14 and 88% in 4Q14.
OUTLOOK
Based on our current business outlook and exchange rate
assumptions, management projects overall performance for the second
quarter of 2015 to be as follows:
- IC ATM production capacity will be up 2%; blended IC ATM
utilization should be flat to up 2%;
- IC ATM gross margin should stay relatively unchanged from the
previous quarter;
- EMS business should reach a level between the results of the
last two quarters;
- EMS gross margin might be slightly lower than the normalized
margin in the previous quarter due to customer supply chain
issues.
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.
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
Supplemental Financial Information
IC ATM
Consolidated Operations
|
Amounts in NT$
Millions
|
1Q/15
|
4Q/14
|
1Q/14
|
Net
Revenues
|
38,605
|
43,884
|
34,351
|
Revenues by
Application
|
|
|
|
Communication
|
55%
|
58%
|
52%
|
Computer
|
11%
|
11%
|
12%
|
Automotive and
Consumer
|
34%
|
31%
|
36%
|
Others
|
0%
|
0%
|
0%
|
Revenues by
Region
|
|
|
|
North
America
|
64%
|
65%
|
60%
|
Europe
|
10%
|
9%
|
11%
|
Taiwan
|
16%
|
16%
|
17%
|
Japan
|
5%
|
5%
|
7%
|
Other Asia
|
5%
|
5%
|
5%
|
Packaging
Operations
|
Amounts in NT$
Millions
|
1Q/15
|
4Q/14
|
1Q/14
|
Net
Revenues
|
31,546
|
36,359
|
27,787
|
Revenues by
Packaging Type
|
|
|
|
Advanced
Packaging
|
33%
|
38%
|
27%
|
IC
Wirebonding
|
58%
|
53%
|
64%
|
Discrete and
Others
|
9%
|
9%
|
9%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
67
|
65
|
65
|
Number of
Wirebonders
|
15,772
|
15,792
|
15,375
|
Testing
Operations
|
Amounts in NT$
Millions
|
1Q/15
|
4Q/14
|
1Q/14
|
Net
Revenues
|
6,180
|
6,663
|
5,785
|
Revenues by
Testing Type
|
|
|
|
Final test
|
74%
|
75%
|
79%
|
Wafer sort
|
21%
|
21%
|
19%
|
Engineering
test
|
5%
|
4%
|
2%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
52
|
26
|
27
|
Number of
Testers
|
3,339
|
3,267
|
3,155
|
EMS
Operations
|
Amounts in NT$
Millions
|
1Q/15
|
4Q/14
|
1Q/14
|
Net
Revenues
|
28,344
|
37,220
|
21,376
|
Revenues by End
Application
|
|
|
|
Communication
|
47%
|
67%
|
48%
|
Computer
|
17%
|
13%
|
22%
|
Consumer
|
18%
|
7%
|
10%
|
Industrial
|
11%
|
8%
|
12%
|
Automotive
|
6%
|
5%
|
7%
|
Others
|
1%
|
0%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
16
|
55
|
16
|
* 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
|
|
|
Mar. 31
2015
|
|
Dec. 31
2014
|
|
Mar. 31
2014
|
|
Net
revenues:
|
|
|
|
|
|
|
Packaging
|
29,321
|
|
31,942
|
|
26,722
|
|
Testing
|
6,180
|
|
6,663
|
|
5,785
|
|
Direct
Material
|
861
|
|
861
|
|
779
|
|
EMS
|
28,300
|
|
37,178
|
|
21,365
|
|
Others
|
-
|
|
-
|
|
49
|
|
Total net
revenues
|
64,662
|
|
76,644
|
|
54,700
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(52,349)
|
|
(60,233)
|
|
(44,340)
|
|
Gross
profit
|
12,313
|
|
16,411
|
|
10,360
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development
|
(2,547)
|
|
(2,769)
|
|
(2,292)
|
|
Selling, general and
administrative
|
(3,474)
|
|
(3,796)
|
|
(2,983)
|
|
Total operating
expenses
|
(6,021)
|
|
(6,565)
|
|
(5,275)
|
|
Operating
income
|
6,292
|
|
9,846
|
|
5,085
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
Interest expense -
net
|
(526)
|
|
(546)
|
|
(531)
|
|
Foreign exchange gain
(loss)
|
540
|
|
(1,051)
|
|
(668)
|
|
Gain (loss) on
equity-method investments
|
4
|
|
(28)
|
|
(64)
|
|
Gain (loss) on
valuation of financial assets and liabilities
|
(969)
|
|
1,190
|
|
304
|
|
Others
|
165
|
|
168
|
|
173
|
|
Total non-operating
income (expenses)
|
(786)
|
|
(267)
|
|
(786)
|
|
Income before
tax
|
5,506
|
|
9,579
|
|
4,299
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(856)
|
|
(1,475)
|
|
(730)
|
|
Income from
continuing operations and
before noncontrolling
interest
|
4,650
|
|
8,104
|
|
3,569
|
|
Noncontrolling
interest
|
(181)
|
|
(240)
|
|
(119)
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
4,469
|
|
7,864
|
|
3,450
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
– Basic
|
NT$0.58
|
|
NT$1.02
|
|
NT$0.45
|
|
– Diluted
|
NT$0.56
|
|
NT$0.99
|
|
NT$0.44
|
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS
|
|
|
|
|
|
|
– Basic
|
US$0.092
|
|
US$0.167
|
|
US$0.075
|
|
– Diluted
|
US$0.089
|
|
US$0.162
|
|
US$0.073
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in
diluted EPS calculation
(in thousands)
|
7,868,151
|
|
8,192,428
|
|
7,790,716
|
|
|
|
|
|
|
|
|
Exchange rate (NT$
per US$1)
|
31.52
|
|
30.61
|
|
30.15
|
|
|
|
|
|
|
|
|
|
Advanced
Semiconductor Engineering, Inc.
Summary of
Consolidated Statement of Comprehensive Income Data – IC
ATM[4]
(In NT$ millions,
except per share data)
(Unaudited)
|
|
|
|
|
For the three months
ended
|
|
|
Mar. 31
2015
|
|
Dec. 31
2014
|
|
Mar. 31
2014
|
|
Net
revenues:
|
|
|
|
|
|
|
Packaging
|
31,546
|
|
36,359
|
|
27,787
|
|
Testing
|
6,180
|
|
6,663
|
|
5,785
|
|
Direct
Material
|
861
|
|
862
|
|
779
|
|
Others
|
18
|
|
-
|
|
-
|
|
Total net
revenues
|
38,605
|
|
43,884
|
|
34,351
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(28,610)
|
|
(30,112)
|
|
(26,098)
|
|
Gross
profit
|
9,995
|
|
13,772
|
|
8,253
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development
|
(1,909)
|
|
(2,137)
|
|
(1,835)
|
|
Selling, general and
administrative
|
(2,540)
|
|
(2,704)
|
|
(2,196)
|
|
Total operating
expenses
|
(4,449)
|
|
(4,841)
|
|
(4,031)
|
|
Operating
income
|
5,546
|
|
8,931
|
|
4,222
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
Interest expense -
net
|
(530)
|
|
(547)
|
|
(553)
|
|
Foreign exchange gain
(loss)
|
532
|
|
(1,005)
|
|
(685)
|
|
Gain (loss) on
equity-method investments
|
616
|
|
634
|
|
557
|
|
Gain (loss) on
valuation of financial assets and liabilities
|
(1,129)
|
|
1,094
|
|
298
|
|
Others
|
195
|
|
167
|
|
214
|
|
Total non-operating
income (expenses)
|
(316)
|
|
343
|
|
(169)
|
|
Income before
tax
|
5,230
|
|
9,274
|
|
4,053
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(709)
|
|
(1,344)
|
|
(573)
|
|
Income from
continuing operations and
before noncontrolling
interest
|
4,521
|
|
7,930
|
|
3,480
|
|
Noncontrolling
interest
|
(52)
|
|
(66)
|
|
(30)
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
4,469
|
|
7,864
|
|
3,450
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
– Basic
|
NT$0.58
|
|
NT$1.02
|
|
NT$0.45
|
|
– Diluted
|
NT$0.56
|
|
NT$0.99
|
|
NT$0.44
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in
diluted EPS calculation
(in thousands)
|
7,868,151
|
|
8,192,428
|
|
7,790,716
|
|
Universal
Scientific Industrial Co., Ltd.
Summary of
Consolidated Statement of Comprehensive Income Data –
EMS[4]
(In NT$ millions,
except per share data)
(Unaudited)
|
|
|
|
|
For the three months
ended
|
|
|
Mar. 31
2015
|
|
Dec. 31
2014
|
|
Mar. 31
2014
|
|
Net
revenues:
|
|
|
|
|
|
|
Total net
revenues
|
28,344
|
|
37,220
|
|
21,376
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(26,079)
|
|
(34,293)
|
|
(19,319)
|
|
Gross
profit
|
2,265
|
|
2,927
|
|
2,057
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
Research and
development
|
(661)
|
|
(660)
|
|
(480)
|
|
Selling, general and
administrative
|
(914)
|
|
(1,040)
|
|
(741)
|
|
Total operating
expenses
|
(1,575)
|
|
(1,700)
|
|
(1,221)
|
|
Operating
income
|
690
|
|
1,227
|
|
836
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
Total non-operating
income
|
216
|
|
114
|
|
55
|
|
Income before
tax
|
906
|
|
1,341
|
|
891
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(156)
|
|
(140)
|
|
(165)
|
|
Income from
continuing operations and
before noncontrolling
interest
|
750
|
|
1,201
|
|
726
|
|
Noncontrolling
interest
|
(130)
|
|
(175)
|
|
(90)
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
620
|
|
1,026
|
|
636
|
|
[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
December 31, 2014 and March 31, 2014 have been adjusted
accordingly.
|
Advanced
Semiconductor Engineering, Inc.
Summary of
Consolidated Balance Sheet Data[5]
(In NT$
millions)
(Unaudited)
|
|
|
|
|
|
As of Mar. 31,
2015
|
|
As of Dec. 31,
2014
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
49,414
|
|
|
|
51,694
|
Financial assets –
current
|
|
|
5,510
|
|
|
|
6,522
|
Notes and accounts
receivable
|
|
|
43,009
|
|
|
|
52,921
|
Inventories
|
|
|
47,605
|
|
|
|
44,150
|
Others
|
|
|
4,068
|
|
|
|
4,668
|
Total current
assets
|
|
|
149,606
|
|
|
|
159,955
|
|
|
|
|
|
|
|
|
Financial assets –
non current & Investments – equity method
|
|
|
2,475
|
|
|
|
2,434
|
Property plant and
equipment
|
|
|
150,055
|
|
|
|
151,587
|
Intangible
assets
|
|
|
11,914
|
|
|
|
11,913
|
Prepaid lease
payments
|
|
|
2,520
|
|
|
|
2,586
|
Others
|
|
|
5,920
|
|
|
|
5,510
|
Total
assets
|
|
|
322,490
|
|
|
|
333,985
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
36,661
|
|
|
|
41,176
|
Current portion of
bonds payable
|
|
|
0
|
|
|
|
0
|
Current portion of
long-term borrowings & capital lease obligations
|
|
|
1,151
|
|
|
|
2,835
|
Notes and accounts
payable
|
|
|
31,706
|
|
|
|
35,411
|
Others
|
|
|
31,239
|
|
|
|
31,777
|
Total current
liabilities
|
|
|
100,757
|
|
|
|
111,199
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
31,093
|
|
|
|
31,270
|
Long-term borrowings
& capital lease obligations
|
|
|
24,751
|
|
|
|
24,106
|
Other
liabilities
|
|
|
9,241
|
|
|
|
8,972
|
Total
liabilities
|
|
|
165,842
|
|
|
|
175,547
|
Shareholders of the
parent
|
|
|
148,329
|
|
|
|
150,219
|
|
|
|
|
|
|
|
|
Noncontrolling
interest
|
|
|
8,319
|
|
|
|
8,219
|
Total liabilities
& shareholders' equity
|
|
|
322,490
|
|
|
|
333,985
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
|
1.48
|
|
|
|
1.44
|
Net Debt to
Equity
|
|
|
0.25
|
|
|
|
0.26
|
|
|
|
|
|
|
|
|
[5] 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
balance sheet as of December 31, 2014 has been adjusted
accordingly.
|
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-2015-300074926.html
SOURCE Advanced Semiconductor Engineering, Inc.