TAIPEI, Taiwan, July 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$70,222 million for the second quarter of 2015
(2Q15), up by 20% year-over-year and up by 9% sequentially.
Net income attributable to shareholders of the parent for the
quarter totaled NT$3,652 million,
down from a net income attributable to shareholders of the parent
of NT$5,106 million in 2Q14 and down
from a net income attributable to shareholders of the parent of
NT$4,469 million in 1Q15. Basic
earnings per share for the quarter were NT$0.48 (or US$0.077 per ADS), compared to basic earnings per
share of NT$0.66 for 2Q14 and
NT$0.58 for 1Q15. Diluted earnings
per share for the quarter were NT$0.43 (or US$0.070 per ADS), compared to diluted earnings
per share of NT$0.65 for 2Q14 and
NT$0.56 for 1Q15.
[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
2Q15 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$58,656
million for the quarter, up by 27% year-over-year and up
from NT$52,349 million in 1Q15.
- Raw material cost totaled NT$35,465
million during the quarter, representing 51% of total net
revenues, compared with NT$30,185
million and 47% of total net revenues in 1Q15.
- Labor cost totaled NT$8,656
million during the quarter, representing 12% of total net
revenues, compared with NT$8,695
million and 13% of total net revenues in 1Q15.
- Depreciation, amortization and rental expenses totaled
NT$7,040 million during the quarter,
up by 15% year-over-year and down by 1% sequentially.
- Gross margin decreased 2.5 percentage points to 16.5% in 2Q15
from 19.0% in 1Q15.
- Total operating expenses during 2Q15 were NT$6,157 million, including NT$2,733 million in R&D and NT$3,424 million in SG&A, compared with total
operating expenses of NT$6,021
million in 1Q15. Total operating expenses as a percentage of
net revenues were 9% in 2Q15, down from 10% in 2Q14 and remained
the same as 1Q15.
- Operating income for the quarter totaled NT$5,409 million, down from NT$6,292 million in 1Q15. Operating margin was
7.7% in 2Q15 compared to 9.7% in 1Q15.
- In terms of non-operating items:
- Net interest expense was NT$471
million, down from NT$526
million in 1Q15.
- Net foreign exchange gain of NT$839
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$349 million.
- Other net non-operating income of NT$26
million was primarily related to miscellaneous income. Total
non-operating expenses for the quarter were NT$9 million, compared to total non-operating
expenses of NT$550 million for 2Q14
and total non-operating expenses of NT$786
million for 1Q15.
- Income before tax was NT$5,400
million for 2Q15, compared to NT$5,506 million in 1Q15. We recorded income tax
expenses of NT$1,596 million during
the quarter, compared to NT$856
million in 1Q15.
- In 2Q15, net income attributable to shareholders of the parent
was NT$3,652 million, compared to net
income attributable to shareholders of the parent of NT$5,106 million for 2Q14 and net income
attributable to shareholders of the parent of NT$4,469 million for 1Q15.
- Our total number of shares outstanding at the end of the
quarter was 7,893,157,596, including treasury stock owned by our
subsidiaries. Our 2Q15 basic earnings per share of NT$0.48 (or US$0.077 per ADS) were based on 7,627,735,788
weighted average number of shares outstanding in 2Q15. Our 2Q15
diluted earnings per share of NT$0.43
(or US$0.070 per ADS) were based on
8,151,709,824 weighted average number of shares outstanding in
2Q15.
2Q15 Results Highlights - IC ATM[2]
- Net revenue contribution from IC ATM operations was
NT$37,671 million for the quarter,
down by 4% year-over-year and down by 2% sequentially. Net revenue
contribution from packaging operations, testing operations,
substrates sold to third parties and others was NT$30,558 million, NT$6,230 million, NT$865
million, and NT$18 million,
respectively, and each represented approximately 81%, 17%, 2% and
0%, respectively, of total net revenues for the quarter.
- Cost of revenues was NT$28,167
million for the quarter, down by 2% year-over-year and down
by 2% sequentially.
- Raw material cost totaled NT$8,213
million during the quarter, representing 22% of total net
revenues, compared with NT$8,585
million and 22% of total net revenues in 1Q15.
- Labor cost totaled NT$7,263
million during the quarter, representing 19% of total net
revenues, compared with NT$7,386
million and 19% of total net revenues in 1Q15.
- Depreciation, amortization and rental expenses totaled
NT$6,485 million during the quarter,
up by 10% year-over-year and down by 1% sequentially.
- Gross margin decreased 0.7 percentage points to 25.2% in 2Q15
from 25.9% in 1Q15.
- Total operating expenses during 2Q15 were NT$4,403 million, including NT$1,969 million in R&D and NT$2,434 million in SG&A, compared with total
operating expenses of NT$4,449
million in 1Q15. Total operating expenses as a percentage of
net revenues were 12% in 2Q15, remained the same as 2Q14 and
1Q15.
- Operating income for the quarter totaled NT$5,101 million, down from NT$5,546 million in 1Q15. Operating margin was
13.5% in 2Q15 compared to 14.4% in 1Q15.
[2]
|
ATM stands for
Semiconductor Assembly, Testing and Material.
|
2Q15 Results Highlights - EMS
- Net revenue contribution from EMS operations for the quarter
was NT$34,576 million, up by 69%
year-over-year and up by 22% sequentially.
- Cost of revenues for the quarter was NT$32,370 million, up by 75% year-over-year and
up by 24% sequentially.
- Raw material cost totaled NT$26,872
million during the quarter, representing 78% of total net
revenues, compared with NT$21,610
million and 76% of total net revenues in 1Q15.
- Labor cost totaled NT$1,393
million during the quarter, representing 4% of total net
revenues, compared with NT$1,310
million and 5% of total net revenues in 1Q15.
- Depreciation, amortization and rental expenses totaled
NT$595 million during the quarter, up
by 128% year-over-year and up by 8% sequentially.
- Gross margin decreased to 6.4% in 2Q15 from 8.0% in 1Q15.
- Total operating expenses during 2Q15 were NT$1,745 million, including NT$783 million in R&D and NT$962 million in SG&A, compared with total
operating expenses of NT$1,575
million in 1Q15. Total operating expenses as a percentage of
net revenues were 5% in 2Q15, down from 7% in 2Q14 and down from 6%
in 1Q15.
- Operating income for the quarter totaled NT$461 million, down from NT$690 million in 1Q15. Operating margin
decreased to 1.3% in 2Q15 from 2.4% in 1Q15.
LIQUIDITY AND CAPITAL RESOURCES
- As of June 30, 2015, our cash and
current financial assets totaled NT$58,865
million, compared to NT$54,924
million as of March 31,
2015.
- Capital expenditures in 2Q15 totaled US$215 million, of which US$140 million were used for packaging,
US$43 million for testing,
US$27 million for EMS and
US$5 million for interconnect
materials.
- As of June 30, 2015, we had total
debt of NT$91,904 million, compared
to NT$93,656 million as of
March 31, 2015. Total debt consisted
of NT$37,193 million of short-term
borrowings, NT$1,554 million of the
current portion of long-term borrowings and capital lease
obligations and NT$53,157 million of
bonds payable, long-term borrowings and capital lease obligations.
Total unused credit lines amounted to NT$152,876 million.
- Current ratio as of June 30, 2015
was 1.34, compared to 1.48 as of March 31,
2015. Net debt to equity ratio was 0.22 as of June 30, 2015.
- Total number of employees was 68,310 as of June 30, 2015, compared to 64,285 as of
June 30, 2014 and 68,599 as of
March 31, 2015.
BUSINESS REVIEW
Packaging Operations[3]
- Net revenues generated from our packaging operations were
NT$30,558 million during the quarter,
down by NT$1,234 million, or by 4%
year-over-year, and down by NT$988
million, or by 3% sequentially.
- Net revenues from advanced packaging accounted for 31% of our
total packaging net revenues during the quarter, down by 2
percentage points from 1Q15. Net revenues from IC wirebonding
accounted for 57% of our total packaging net revenues during the
quarter, down by 1 percentage point from 1Q15. Net revenues from
discrete and others accounted for 12% of our total packaging net
revenues during the quarter, up by 3 percentage points from
1Q15.
- Gross margin for our packaging operations during the quarter
was 22.7%, down by 1.5 percentage points year-over-year and down by
1.0 percentage points from 1Q15.
- Capital expenditures for our packaging operations amounted to
US$140 million during the quarter, of
which US$56 million were used for
purchases of wafer bumping and flip chip packaging equipment and
US$84 million for common equipment
purchases, including SiP equipment purchases.
- As of June 30, 2015, there were
15,662 wirebonders in operation. No new wirebonders were added and
110 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$6,230 million during the quarter,
down by NT$370 million, or by 6%
year-over-year, and up by NT$50
million, or by 1% sequentially.
- Final testing accounted for 75% of our total testing net
revenues, up by 1 percentage point from the previous quarter. Wafer
sort accounted for 21% of our total testing net revenues, remained
the same as 1Q15. Engineering testing accounted for 4% of our total
testing net revenues, down by 1 percentage point from 1Q15.
- Depreciation, amortization and rental expense associated with
our testing operations amounted to NT$1,678
million during the quarter, down from NT$1,690 million in 2Q14 and down from
NT$1,701 million in 1Q15.
- In 2Q15, gross margin for our testing operations was 35.2%,
down by 2.0 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$43 million during the
quarter.
- As of June 30, 2015, there were
3,370 testers in operation. 95 new testers were added and 64
testers were disposed of during the quarter.
EMS Operations
- Net revenues generated from our EMS operations were
NT$34,576 million during the quarter,
up by NT$14,067 million, or by 69%
year-over-year, and up by NT$6,232
million, or by 22% sequentially.
- Communications products accounted for 44% of our total net
revenues from EMS operations for the quarter, down by 3 percentage
points from 1Q15. Computing products accounted for 13% of our total
net revenues from EMS operations, down by 4 percentage points from
1Q15. Consumer products accounted for 28% of our total net revenues
from EMS operations, up by 10 percentage point from 1Q15.
Industrial products accounted for 9% of our total net revenues from
EMS operations, down by 2 percentage points from 1Q15. Automotive
products accounted for 5% of our total net revenues from EMS
operations, down by 1 percentage point from the previous
quarter.
- In 2Q15, gross margin for our EMS operations was 6.4%, down by
3.6 percentage points year-over-year and down by 1.6 percentage
points from the previous quarter.
- Capital expenditures for our EMS operations amounted to
US$27 million during the
quarter.
Substrate Operations
- PBGA substrate manufactured by ASE amounted to NT$2,230 million during the quarter, down by
NT$288 million, or by 11%
year-over-year, and up by NT$58
million, or by 3% from 1Q15. Of the total output of
NT$2,230 million, NT$839 million was from sales to external
customers.
- Gross margin for substrate operations was 16.2% during the
quarter, down by 4.1 percentage points year-over-year and down by
0.9 percentage points from 1Q15.
- In 2Q15, our internal substrate manufacturing operations
supplied 33% (by value) of our total substrate requirements.
Customers
IC ATM consolidated Basis
- Our five largest customers together accounted for approximately
36% of our total net revenues in 2Q15, compared to 32% in 2Q14 and
37% in 1Q15. No customer accounted for more than 10% of our total
net revenues in 2Q15.
- Our top 10 customers contributed 51% of our total net revenues
during the quarter, compared to 46% in 2Q14 and 53% in 1Q15.
- Our customers that are integrated device manufacturers, or
IDMs, accounted for 35% of our total net revenues during the
quarter, compared to 37% in 2Q14 and 33% in 1Q15.
EMS Basis
- Our five largest customers together accounted for approximately
82% of our total net revenues in 2Q15, compared to 71% in 2Q14 and
77% in 1Q15. One customer accounted for more than 10% of our total
net revenues in 2Q15.
- Our top 10 customers contributed 92% of our total net revenues
during the quarter, compared to 84% in 2Q14 and 89% in 1Q15.
OUTLOOK
Based on our current business outlook and exchange rate
assumptions, management projects overall performance for the third
quarter of 2015 to be as follows:
- IC ATM production capacity should be flat and blended IC ATM
utilization should be up 1% to 5%;
- IC ATM gross margin should resemble the 1Q15 level;
- EMS Business should approach 4Q14 level;
- EMS gross margin should decline slightly.
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
|
2Q/15
|
1Q/15
|
2Q/14
|
Net
Revenues
|
37,671
|
38,605
|
39,266
|
Revenues by
Application
|
|
|
|
Communication
|
55%
|
55%
|
50%
|
Computer
|
10%
|
11%
|
12%
|
Automotive, Consumer
& Others
|
35%
|
34%
|
38%
|
Revenues by
Region
|
|
|
|
North
America
|
62%
|
64%
|
60%
|
Europe
|
12%
|
10%
|
10%
|
Taiwan
|
16%
|
16%
|
18%
|
Japan
|
5%
|
5%
|
6%
|
Other Asia
|
5%
|
5%
|
6%
|
|
Packaging
Operations
|
Amounts in NT$
Millions
|
2Q/15
|
1Q/15
|
2Q/14
|
Net
Revenues
|
30,558
|
31,546
|
31,792
|
Revenues by
Packaging Type
|
|
|
|
Advanced
Packaging
|
31%
|
33%
|
26%
|
IC
Wirebonding
|
57%
|
58%
|
64%
|
Discrete and
Others
|
12%
|
9%
|
10%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
140
|
67
|
257
|
Number of
Wirebonders
|
15,662
|
15,772
|
15,762
|
|
Testing
Operations
|
Amounts in NT$
Millions
|
2Q/15
|
1Q/15
|
2Q/14
|
Net
Revenues
|
6,230
|
6,180
|
6,600
|
Revenues by
Testing Type
|
|
|
|
Final test
|
75%
|
74%
|
77%
|
Wafer sort
|
21%
|
21%
|
21%
|
Engineering
test
|
4%
|
5%
|
2%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
43
|
52
|
54
|
Number of
Testers
|
3,370
|
3,339
|
3,244
|
|
EMS
Operations
|
Amounts in NT$
Millions
|
2Q/15
|
1Q/15
|
2Q/14
|
Net
Revenues
|
34,576
|
28,344
|
20,509
|
Revenues by End
Application
|
|
|
|
Communication
|
44%
|
47%
|
44%
|
Computer
|
13%
|
17%
|
24%
|
Consumer
|
28%
|
18%
|
11%
|
Industrial
|
9%
|
11%
|
12%
|
Automotive
|
5%
|
6%
|
8%
|
Others
|
1%
|
1%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
27
|
16
|
43
|
|
|
|
|
* 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
|
|
Jun. 30
2015
|
|
Mar. 31
2015
|
|
Jun. 30
2014
|
|
Jun. 30
2015
|
|
Jun. 30
2014
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
28,618
|
|
29,321
|
|
30,641
|
|
57,939
|
|
57,363
|
Testing
|
6,231
|
|
6,180
|
|
6,600
|
|
12,411
|
|
12,385
|
Direct
Material
|
839
|
|
861
|
|
873
|
|
1,700
|
|
1,652
|
EMS
|
34,534
|
|
28,300
|
|
20,501
|
|
62,834
|
|
41,866
|
Others
|
-
|
|
-
|
|
-
|
|
-
|
|
49
|
Total net
revenues
|
70,222
|
|
64,662
|
|
58,615
|
|
134,884
|
|
113,315
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(58,656)
|
|
(52,349)
|
|
(46,005)
|
|
(111,005)
|
|
(90,345)
|
Gross
profit
|
11,566
|
|
12,313
|
|
12,610
|
|
23,879
|
|
22,970
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(2,733)
|
|
(2,547)
|
|
(2,679)
|
|
(5,280)
|
|
(4,971)
|
Selling, general and
administrative
|
(3,424)
|
|
(3,474)
|
|
(3,316)
|
|
(6,898)
|
|
(6,299)
|
Total operating
expenses
|
(6,157)
|
|
(6,021)
|
|
(5,995)
|
|
(12,178)
|
|
(11,270)
|
Operating
income
|
5,409
|
|
6,292
|
|
6,615
|
|
11,701
|
|
11,700
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(471)
|
|
(526)
|
|
(500)
|
|
(997)
|
|
(1,031)
|
Foreign exchange gain
(loss)
|
839
|
|
540
|
|
711
|
|
1,379
|
|
43
|
Gain (loss) on
equity-method investments
|
(54)
|
|
4
|
|
(31)
|
|
(50)
|
|
(95)
|
Gain (loss) on valuation of financial assets
and liabilities
|
(349)
|
|
(969)
|
|
(948)
|
|
(1,318)
|
|
(644)
|
Others
|
26
|
|
165
|
|
218
|
|
191
|
|
391
|
Total non-operating
income (expenses)
|
(9)
|
|
(786)
|
|
(550)
|
|
(795)
|
|
(1,336)
|
Income before
tax
|
5,400
|
|
5,506
|
|
6,065
|
|
10,906
|
|
10,364
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,596)
|
|
(856)
|
|
(821)
|
|
(2,452)
|
|
(1,551)
|
Income from continuing operations and
before noncontrolling interest
|
3,804
|
|
4,650
|
|
5,244
|
|
8,454
|
|
8,813
|
Noncontrolling
interest
|
(152)
|
|
(181)
|
|
(138)
|
|
(333)
|
|
(257)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
3,652
|
|
4,469
|
|
5,106
|
|
8,121
|
|
8,556
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per share
|
|
|
|
|
|
|
|
|
|
- Basic
|
NT$0.48
|
|
NT$0.58
|
|
NT$0.66
|
|
NT$1.06
|
|
NT$1.12
|
- Diluted
|
NT$0.43
|
|
NT$0.56
|
|
NT$0.65
|
|
NT$1.02
|
|
NT$1.08
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per equivalent ADS
|
|
|
|
|
|
|
|
|
|
- Basic
|
US$0.077
|
|
US$0.092
|
|
US$0.110
|
|
US$0.170
|
|
US$0.185
|
- Diluted
|
US$0.070
|
|
US$0.089
|
|
US$0.107
|
|
US$0.164
|
|
US$0.179
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in
diluted EPS calculation (in thousands)
|
8,151,710
|
|
7,868,151
|
|
7,835,168
|
|
7,829,459
|
|
7,820,488
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$
per US$1)
|
30.84
|
|
31.52
|
|
30.13
|
|
31.18
|
|
30.14
|
|
|
|
|
|
|
|
|
|
|
[4] Starting in 2015,
we prepare financial statements in accordance with Taiwan-IFRS 2013
version. Under Taiwan-IFRS 2013 version, the impact of some newly
effected GAAP shall be retroactively applied. The consolidated
statements of comprehensive income for the three months ended June
30, 2014 and for the period ended June 30, 2014 have been adjusted
accordingly.
|
Advanced
Semiconductor Engineering, Inc.
Summary of
Consolidated Statement of Comprehensive Income Data - IC
ATM[4]
(In NT$ millions,
except per share data)
(Unaudited)
|
|
|
For the three months
ended
|
|
For the period
ended
|
|
Jun. 30
2015
|
|
Mar. 31
2015
|
|
Jun. 30
2014
|
|
Jun. 30
2015
|
|
Jun. 30
2014
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
30,558
|
|
31,546
|
|
31,792
|
|
62,104
|
|
59,579
|
Testing
|
6,230
|
|
6,180
|
|
6,600
|
|
12,410
|
|
12,385
|
Direct
Material
|
865
|
|
861
|
|
874
|
|
1,726
|
|
1,653
|
Others
|
18
|
|
18
|
|
-
|
|
36
|
|
-
|
Total net
revenues
|
37,671
|
|
38,605
|
|
39,266
|
|
76,276
|
|
73,617
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(28,167)
|
|
(28,610)
|
|
(28,667)
|
|
(56,777)
|
|
(54,765)
|
Gross
profit
|
9,504
|
|
9,995
|
|
10,599
|
|
19,499
|
|
18,852
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,969)
|
|
(1,909)
|
|
(2,168)
|
|
(3,878)
|
|
(4,003)
|
Selling, general and
administrative
|
(2,434)
|
|
(2,540)
|
|
(2,445)
|
|
(4,974)
|
|
(4,641)
|
Total operating
expenses
|
(4,403)
|
|
(4,449)
|
|
(4,613)
|
|
(8,852)
|
|
(8,644)
|
Operating
income
|
5,101
|
|
5,546
|
|
5,986
|
|
10,647
|
|
10,208
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(489)
|
|
(530)
|
|
(513)
|
|
(1,019)
|
|
(1,066)
|
Foreign exchange gain
(loss)
|
630
|
|
532
|
|
675
|
|
1,162
|
|
(10)
|
Gain (loss) on
equity-method investments
|
839
|
|
616
|
|
407
|
|
1,455
|
|
964
|
Gain (loss) on valuation of financial assets
and liabilities
|
(516)
|
|
(1,129)
|
|
(1,021)
|
|
(1,645)
|
|
(723)
|
Others
|
(336)
|
|
195
|
|
260
|
|
(141)
|
|
474
|
Total non-operating
income (expenses)
|
128
|
|
(316)
|
|
(192)
|
|
(188)
|
|
(361)
|
Income before
tax
|
5,229
|
|
5,230
|
|
5,794
|
|
10,459
|
|
9,847
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,537)
|
|
(709)
|
|
(650)
|
|
(2,246)
|
|
(1,223)
|
Income from continuing operations and before
noncontrolling interest
|
3,692
|
|
4,521
|
|
5,144
|
|
8,213
|
|
8,624
|
Noncontrolling
interest
|
(40)
|
|
(52)
|
|
(38)
|
|
(92)
|
|
(68)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
3,652
|
|
4,469
|
|
5,106
|
|
8,121
|
|
8,556
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
|
|
|
- Basic
|
NT$0.48
|
|
NT$0.58
|
|
NT$0.66
|
|
NT$1.06
|
|
NT$1.12
|
- Diluted
|
NT$0.43
|
|
NT$0.56
|
|
NT$0.65
|
|
NT$1.02
|
|
NT$1.08
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in
diluted EPS calculation
(in thousands)
|
8,151,710
|
|
7,868,151
|
|
7,835,168
|
|
7,829,459
|
|
7,820,488
|
|
[4] Starting in 2015,
we prepare financial statements in accordance with Taiwan-IFRS 2013
version. Under Taiwan-IFRS 2013 version, the impact of some newly
effected GAAP shall be retroactively applied. The consolidated
statements of comprehensive income for the three months ended June
30, 2014 and for the period ended June 30, 2014 have been adjusted
accordingly.
|
Universal
Scientific Industrial Co., Ltd.
Summary of
Consolidated Statement of Comprehensive Income Data -
EMS[4]
(In NT$ millions,
except per share data)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
For the three months
ended
|
|
For the period
ended
|
|
Jun. 30
2015
|
|
Mar. 31
2015
|
|
Jun. 30
2014
|
|
Jun. 30
2015
|
|
Jun. 30
2014
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
34,576
|
|
28,344
|
|
20,509
|
|
62,920
|
|
41,885
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(32,370)
|
|
(26,079)
|
|
(18,467)
|
|
(58,449)
|
|
(37,786)
|
Gross
profit
|
2,206
|
|
2,265
|
|
2,042
|
|
4,471
|
|
4,099
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(783)
|
|
(661)
|
|
(535)
|
|
(1,444)
|
|
(1,015)
|
Selling, general and
administrative
|
(962)
|
|
(914)
|
|
(813)
|
|
(1,876)
|
|
(1,554)
|
Total operating
expenses
|
(1,745)
|
|
(1,575)
|
|
(1,348)
|
|
(3,320)
|
|
(2,569)
|
Operating
income
|
461
|
|
690
|
|
694
|
|
1,151
|
|
1,530
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Total non-operating
income
|
423
|
|
216
|
|
138
|
|
639
|
|
193
|
Income before
tax
|
884
|
|
906
|
|
832
|
|
1,790
|
|
1,723
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(64)
|
|
(156)
|
|
(179)
|
|
(220)
|
|
(344)
|
Income from continuing operations and
before noncontrolling
interest
|
820
|
|
750
|
|
653
|
|
1,570
|
|
1,379
|
Noncontrolling
interest
|
(110)
|
|
(130)
|
|
(105)
|
|
(240)
|
|
(195)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
710
|
|
620
|
|
548
|
|
1,330
|
|
1,184
|
|
[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 June
30, 2014 and for the period ended June 30, 2014 have been adjusted
accordingly.
|
Advanced
Semiconductor Engineering, Inc.
Summary of
Consolidated Balance Sheet Data
(In NT$
millions)
(Unaudited)
|
|
|
|
As of Jun. 30, 2015
|
|
As of Mar. 31, 2015
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
|
54,175
|
|
49,414
|
Financial assets -
current
|
|
4,690
|
|
5,510
|
Notes and accounts
receivable
|
|
50,733
|
|
43,009
|
Inventories
|
|
46,152
|
|
47,605
|
Others
|
|
4,513
|
|
4,068
|
Total current
assets
|
|
160,263
|
|
149,606
|
|
|
|
|
|
Financial assets -
non current & Investments -
equity method
|
|
2,280
|
|
2,475
|
Property plant and
equipment
|
|
152,755
|
|
150,055
|
Intangible
assets
|
|
11,829
|
|
11,914
|
Prepaid lease
payments
|
|
2,488
|
|
2,520
|
Others
|
|
5,546
|
|
5,920
|
Total
assets
|
|
335,161
|
|
322,490
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
Short-term
borrowings
|
|
37,193
|
|
36,661
|
Current portion of
bonds payable
|
|
0
|
|
0
|
Current portion of
long-term borrowings & capital
lease obligations
|
|
1,554
|
|
1,151
|
Notes and accounts
payable
|
|
33,955
|
|
31,706
|
Others
|
|
47,236
|
|
31,239
|
Total current
liabilities
|
|
119,938
|
|
100,757
|
|
|
|
|
|
Bonds
payable
|
|
30,867
|
|
31,093
|
Long-term borrowings
& capital lease obligations
|
|
22,290
|
|
24,751
|
Other
liabilities
|
|
9,378
|
|
9,241
|
Total
liabilities
|
|
182,473
|
|
165,842
|
Shareholders of the
parent
|
|
142,601
|
|
148,329
|
|
|
|
|
|
Noncontrolling
interest
|
|
10,087
|
|
8,319
|
Total liabilities
& shareholders' equity
|
|
335,161
|
|
322,490
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
1.34
|
|
1.48
|
Net Debt to
Equity
|
|
0.22
|
|
0.25
|
|
|
|
|
|
|
|
|
|
|
IR Contact:
Michelle Jao, Manager
|
Grace Teng, Manager
|
mjao@iselabs.com
|
grace_teng@aseglobal.com
|
Tel: +1.510.687.2481
|
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-second-quarter-of-2015-300121074.html
SOURCE Advanced Semiconductor Engineering, Inc.