FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
October 27, 2016
Commission File Number 001-16125
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Advanced
Semiconductor Engineering, Inc.
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( Exact name of Registrant as specified in its charter)
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26 Chin Third Road
Nantze Export Processing Zone
Kaoshiung, Taiwan
Republic of China
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(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note
: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Not applicable
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ADVANCED SEMICONDUCTOR
ENGINEERING, INC.
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October
27, 2016
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By:
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/s/ Joseph Tung
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Name:
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Joseph Tung
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Title:
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Chief Financial Officer
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Advanced Semiconductor Engineering, Inc.
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FOR IMMEDIATE RELEASE
IR Contact:
Michelle Jao, Manager
mjao@iselabs.com
Tel: +1.510.687.2481
http://www.aseglobal.com
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Grace Teng, Manager
grace_teng@aseglobal.com
Tel: +886.2.6636.5678
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ADVANCED
SEMICONDUCTOR ENGINEERING, INC. REPORTS UNAUDITED
CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2016
Taipei,
Taiwan, R.O.C., October 27, 2016 – Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) (“We”,
“ASE”, or the “Company”), among the leading providers of packaging and testing services, today reported
unaudited net revenues
1
of NT$72,784 million for the third quarter of 2016 (3Q16), down by 0.1% year-over-year and
up by 16% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$5,506 million, down from
a net income attributable to shareholders of the parent of NT$6,368 million in 3Q15 and up from a net income attributable to shareholders
of the parent of NT$4,328 million in 2Q16. Basic earnings per share for the quarter were NT$0.72 (or US$0.113 per ADS), compared
to basic earnings per share of NT$0.83 for 3Q15 and NT$0.57 for 2Q16. Diluted earnings per share for the quarter were NT$0.64
(or US$0.101 per ADS), compared to diluted earnings per share of NT$0.69 for 3Q15 and NT$0.47 for 2Q16.
RESULTS
OF OPERATIONS
3Q16
Results Highlights – Consolidated
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l
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Net revenue contribution
from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately
46%, 10%, 43%, 1% and 0%, respectively, of total net revenues for the quarter.
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Cost of revenue was NT$58,671
million for the quarter, up from NT$50,346 million in 2Q16.
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-
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Raw material cost totaled NT$33,983 million
for the quarter, representing 47% of total net revenues.
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-
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Labor cost totaled NT$9,303 million for
the quarter, representing 13% of total net revenues.
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-
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Depreciation, amortization and rental expenses
totaled NT$7,097 million for the quarter.
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Gross margin decreased
0.2 percentage points to 19.4% in 3Q16 from 19.6% in 2Q16.
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Operating margin was 10.2%
in 3Q16 compared to 9.5% in 2Q16.
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In terms of non-operating
items:
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-
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Net interest expense was NT$478 million.
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-
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Net
foreign exchange gain of NT$1,593 million was primarily attributable to the
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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.
Advanced Semiconductor Engineering, Inc.
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depreciation of the
U.S. dollar against
the NT dollar.
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-
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Loss on valuation of financial assets and liabilities was NT$1,998 million.
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Net gain on equity-method investments was NT$457 million, including NT$472 million of the share
of profit from our investment in Siliconware Precision Industries Co., Ltd.
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Other net non-operating loss of NT$137 million was primarily related to miscellaneous loss. Total
non-operating expenses for the quarter were NT$563 million.
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Income before tax was
NT$6,875 million for 3Q16, compared to NT$6,122 million in 2Q16. We recorded income tax expenses of NT$976 million for the quarter,
compared to NT$1,523 million in 2Q16.
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In 3Q16, net income attributable
to shareholders of the parent was NT$5,506 million, compared to net income attributable to shareholders of the parent of NT$6,368
million in 3Q15 and net income attributable to shareholders of the parent of NT$4,328 million in 2Q16.
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Our total number of shares
outstanding at the end of the quarter was 7,936,473,546, including treasury stock owned by our subsidiaries. Our 3Q16 basic earnings
per share of NT$0.72 (or US$0.113 per ADS) were based on 7,668,007,639 weighted average number of shares outstanding in 3Q16. Our
3Q16 diluted earnings per share of NT$0.64 (or US$0.101 per ADS) were based on 8,252,368,742 weighted average number of shares
outstanding in 3Q16.
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3Q16
Results Highlights – IC ATM
2
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Cost of revenues was NT$32,037
million for the quarter, up by 11% sequentially.
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-
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Raw material cost totaled NT$10,022 million
for the quarter, representing 23% of total net revenues.
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Labor cost totaled NT$8,029 million for
the quarter, representing 19% of total net revenues.
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Depreciation, amortization and rental expenses
totaled NT$6,512 million for the quarter.
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Gross margin increased
0.7 percentage points to 25.5% in 3Q16 from 24.8% in 2Q16.
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Operating margin was 14.4%
in 3Q16 compared to 12.9% in 2Q16.
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3Q16
Results Highlights – EMS
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Cost of revenues for the
quarter was NT$28,066 million, up by 26% sequentially.
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Raw material cost totaled NT$24,095 million
for the quarter, representing 77% of total net revenues.
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Labor cost totaled NT$1,273 million for
the quarter, representing 4% of total net revenues.
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Depreciation, amortization and rental expenses
totaled NT$620 million for the quarter.
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Gross margin decreased
to 10.0% in 3Q16 from 10.3% in 2Q16.
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Operating margin increased
to 3.9% in 3Q16 from 3.3% in 2Q16.
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LIQUIdiTY
AND CAPITAL RESOURCES
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Capital expenditures in
3Q16 totaled US$184 million, of which US$112 million were used in packaging operations, US$57 million in testing operations, US$10
million in EMS operations and US$5 million in interconnect materials operations.
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As of September 30, 2016,
total unused credit lines amounted to NT$169,525 million.
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Current ratio was 1.21
and net debt to equity ratio was 0.50 as of September 30, 2016.
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Total number of employees
was 68,141 as of September 30, 2016, compared to 65,437 as of
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2
ATM
stands for Semiconductor Assembly, Testing and Material.
Advanced Semiconductor Engineering, Inc.
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Business
Review
Packaging
Operations
3
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Gross margin for our packaging
operations for the quarter was 22.2%, up by 0.7 percentage points from 2Q16.
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Capital expenditures for
our packaging operations amounted to US$112 million for the quarter, of which US$64 million were used in purchases of wafer bumping
and flip chip packaging equipment, US$47 million were used in purchase of common equipment, including SiP equipment purchases,
and US$1 million were used in wirebond packaging specific purposes.
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Testing
Operations
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Depreciation, amortization
and rental expense associated with our testing operations amounted to NT$1,739 million during the quarter, up from NT$1,657 million
in 2Q16.
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In 3Q16, gross margin
for our testing operations was 38.9%, up by 2.1 percentage point from 2Q16.
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Capital expenditures for
our testing operations amounted to US$57 million during the quarter.
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EMS
Operations
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In 3Q16, gross margin
for our EMS operations was 10.0%, down by 0.3 percentage points from 2Q16.
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Capital expenditures for
our EMS operations amounted to US$10 million during the quarter.
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Substrate
Operations
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PBGA substrate manufactured
by ASE amounted to NT$2,344 million for the quarter, down by NT$133 million, or by 5% from 2Q16. Of the total output of NT$2,344
million, NT$805 million was from sales to external customers.
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Gross margin for substrate
operations was 14.8% for the quarter, down by 4.0 percentage points from 2Q16.
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In 3Q16, our internal
substrate manufacturing operations supplied 27% (by value) of our total substrate requirements.
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Customers
IC
ATM consolidated Basis
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Our five largest customers
together accounted for approximately 34% of our total net revenues in 3Q16, compared to 35% in 2Q16. No customer accounted for
more than 10% of our total net revenues in 3Q16.
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Our top 10 customers contributed
50% of our total net revenues during the quarter, compared to 51% in 2Q16.
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Our customers that are
integrated device manufacturers, or IDMs, accounted for 36% of our total net revenues during the quarter, compared to 33% in 2Q16.
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EMS
Basis
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Our five largest customers
together accounted for approximately 80% of our total net
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3
IC
packaging services include module assembly services.
Advanced Semiconductor Engineering, Inc.
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revenues in 3Q16, compared to 76% in 2Q16. One customer accounted
for more than 10% of our total net revenues in 3Q16.
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Our top 10 customers contributed
90% of our total net revenues for the quarter, compared to 88% in 2Q16.
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outlook
Based on our current business outlook and
exchange rate assumptions, management projects overall performance for the fourth quarter of 2016 to be as follows:
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IC ATM capacity should be flat quarter over quarter;
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IC ATM blended utilization rate should decrease 0-5%
sequentially;
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IC ATM gross margin should be similar with prior quarter;
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EMS business capacity should be flat quarter over
quarter; blended utilization rate should increase 10-15% quarter over quarter;
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EMS gross margin should be consistent with our gross
margin during the first half of 2016.
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About ASE, Inc.
ASE, Inc. is among the leading providers
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 uncertainties
as to whether we can complete the acquisition of 100% of Siliconware Precision Industries Co., Ltd. shares not otherwise owned
by ASE; 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 2015 Annual Report
on Form 20-F filed on April 29, 2016.
Supplemental
Financial Information
IC
ATM Consolidated Operations
Amounts in NT$ Millions
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3Q/16
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2Q/16
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3Q/15
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Net
Revenues
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43,006
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38,504
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39,862
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Revenues
by Application
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Communication
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53%
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52%
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55%
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Computer
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12%
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12%
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11%
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Automotive, Consumer & Others
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35%
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36%
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34%
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Packaging
Operations
Amounts in NT$ Millions
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3Q/16
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2Q/16
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3Q/15
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Net
Revenues
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34,832
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31,180
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32,489
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Revenues
by Packaging Type
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Bumping, Flip Chip, WLP & SiP
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33%
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31%
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34%
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IC Wirebonding
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57%
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61%
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56%
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Discrete and Others
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10%
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8%
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10%
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Capacity
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CapEx (US$ Millions)*
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112
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136
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83
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Number of Wirebonders
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15,905
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15,920
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15,617
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Testing
Operations
Amounts in NT$ Millions
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3Q/16
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2Q/16
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3Q/15
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Net
Revenues
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7,232
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6,502
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6,426
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Revenues
by Testing Type
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Final test
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75%
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77%
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76%
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Wafer sort
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21%
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20%
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20%
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Engineering test
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4%
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3%
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4%
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Capacity
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CapEx (US$ Millions)*
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57
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107
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25
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Number of Testers
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3,725
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3,629
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3,417
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EMS
Operations
Amounts in NT$ Millions
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3Q/16
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2Q/16
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3Q/15
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Net
Revenues
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31,190
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24,886
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36,161
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Revenues
by End Application
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Communication
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51%
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46%
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56%
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Computer
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16%
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20%
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13%
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Consumer
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20%
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18%
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19%
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Industrial
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7%
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8%
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7%
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Automotive
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5%
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7%
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4%
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Others
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1%
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1%
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1%
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Capacity
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CapEx (US$ Millions)*
|
10
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4
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24
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*
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)
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For the three months ended
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For the nine months ended
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Sep. 30
2016
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Jun. 30
2016
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Sep. 30
2015
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Sep. 30
2016
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Sep. 30
2015
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Net revenues:
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Packaging
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33,449
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30,178
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29,575
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91,663
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87,514
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Testing
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7,231
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6,503
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6,426
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19,729
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18,837
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Direct Material
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|
805
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|
759
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762
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2,456
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|
2,462
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EMS
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31,174
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24,845
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36,107
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80,768
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|
|
|
98,941
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|
Others
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|
|
125
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|
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|
316
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—
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3,140
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—
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Total net revenues
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72,784
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|
|
62,601
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|
72,870
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|
197,756
|
|
|
|
207,754
|
|
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|
|
|
|
|
|
|
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|
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|
|
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Cost of revenues
|
|
|
(58,671
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)
|
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|
(50,346
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)
|
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(59,883
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)
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(159,939
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)
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(170,888
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)
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Gross profit
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14,113
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|
12,255
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|
12,987
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|
37,817
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|
|
|
36,866
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Research and development
|
|
|
(2,947
|
)
|
|
|
(2,745
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)
|
|
|
(2,844
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)
|
|
|
(8,300
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)
|
|
|
(8,124
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)
|
Selling, general and administrative
|
|
|
(3,728
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)
|
|
|
(3,579
|
)
|
|
|
(3,761
|
)
|
|
|
(10,942
|
)
|
|
|
(10,659
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)
|
Total operating expenses
|
|
|
(6,675
|
)
|
|
|
(6,324
|
)
|
|
|
(6,605
|
)
|
|
|
(19,242
|
)
|
|
|
(18,783
|
)
|
Operating income
|
|
|
7,438
|
|
|
|
5,931
|
|
|
|
6,382
|
|
|
|
18,575
|
|
|
|
18,083
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(478
|
)
|
|
|
(532
|
)
|
|
|
(492
|
)
|
|
|
(1,536
|
)
|
|
|
(1,489
|
)
|
Foreign exchange gain (loss)
|
|
|
1,593
|
|
|
|
(238
|
)
|
|
|
(2,520
|
)
|
|
|
2,236
|
|
|
|
(1,141
|
)
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
(1,998
|
)
|
|
|
858
|
|
|
|
4,502
|
|
|
|
(1,500
|
)
|
|
|
3,184
|
|
Gain
(loss) on equity-method investments
4
|
|
|
457
|
|
|
|
541
|
|
|
|
29
|
|
|
|
1,101
|
|
|
|
(21
|
)
|
Others
|
|
|
(137
|
)
|
|
|
(438
|
)
|
|
|
(91
|
)
|
|
|
(504
|
)
|
|
|
100
|
|
Total non-operating income (expenses)
|
|
|
(563
|
)
|
|
|
191
|
|
|
|
1,428
|
|
|
|
(203
|
)
|
|
|
633
|
|
Income before tax
|
|
|
6,875
|
|
|
|
6,122
|
|
|
|
7,810
|
|
|
|
18,372
|
|
|
|
18,716
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(976
|
)
|
|
|
(1,523
|
)
|
|
|
(1,127
|
)
|
|
|
(3,817
|
)
|
|
|
(3,579
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
5,899
|
|
|
|
4,599
|
|
|
|
6,683
|
|
|
|
14,555
|
|
|
|
15,137
|
|
Noncontrolling interest
|
|
|
(393
|
)
|
|
|
(271
|
)
|
|
|
(315
|
)
|
|
|
(839
|
)
|
|
|
(648
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
5,506
|
|
|
|
4,328
|
|
|
|
6,368
|
|
|
|
13,716
|
|
|
|
14,489
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
NT$0.72
|
|
|
|
NT$0.57
|
|
|
|
NT$0.83
|
|
|
|
NT$1.79
|
|
|
|
NT$1.89
|
|
– Diluted
|
|
|
NT$0.64
|
|
|
|
NT$0.47
|
|
|
|
NT$0.69
|
|
|
|
NT$1.50
|
|
|
|
NT$1.76
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
US$0.113
|
|
|
|
US$0.087
|
|
|
|
US$0.132
|
|
|
|
US$0.276
|
|
|
|
US$0.302
|
|
– Diluted
|
|
|
US$0.101
|
|
|
|
US$0.073
|
|
|
|
US$0.109
|
|
|
|
US$0.232
|
|
|
|
US$0.281
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in diluted EPS calculation (in thousands)
|
|
|
8,252,369
|
|
|
|
8,238,396
|
|
|
|
8,230,923
|
|
|
|
8,272,939
|
|
|
|
8,240,964
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$ per US$1)
|
|
|
31.78
|
|
|
|
32.40
|
|
|
|
31.69
|
|
|
|
32.42
|
|
|
|
31.35
|
|
4
As
of September 30, 2016, we have completed the identification of the difference between the cost of the investment and our share
of the net fair value of SPIL’s identifiable assets and liabilities. Accordingly, we retrospectively adjusted the provisional
amounts recognized at the acquisition dates in September 2015, March and April 2016, respectively.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of
Comprehensive Income Data – IC ATM
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months ended
|
|
For the nine months ended
|
|
|
Sep. 30
2016
|
|
Jun. 30
2016
|
|
Sep. 30
2015
|
|
Sep. 30
2016
|
|
Sep. 30
2015
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
34,832
|
|
|
|
31,180
|
|
|
|
32,489
|
|
|
|
94,609
|
|
|
|
94,593
|
|
Testing
|
|
|
7,232
|
|
|
|
6,502
|
|
|
|
6,426
|
|
|
|
19,729
|
|
|
|
18,836
|
|
Direct Material
|
|
|
920
|
|
|
|
801
|
|
|
|
928
|
|
|
|
2,652
|
|
|
|
2,654
|
|
Others
|
|
|
22
|
|
|
|
21
|
|
|
|
19
|
|
|
|
63
|
|
|
|
55
|
|
Total net revenues
|
|
|
43,006
|
|
|
|
38,504
|
|
|
|
39,862
|
|
|
|
117,053
|
|
|
|
116,138
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(32,037
|
)
|
|
|
(28,943
|
)
|
|
|
(29,211
|
)
|
|
|
(88,691
|
)
|
|
|
(85,988
|
)
|
Gross profit
|
|
|
10,969
|
|
|
|
9,561
|
|
|
|
10,651
|
|
|
|
28,362
|
|
|
|
30,150
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(2,130
|
)
|
|
|
(2,021
|
)
|
|
|
(2,125
|
)
|
|
|
(6,073
|
)
|
|
|
(6,003
|
)
|
Selling, general and administrative
|
|
|
(2,646
|
)
|
|
|
(2,583
|
)
|
|
|
(2,882
|
)
|
|
|
(7,917
|
)
|
|
|
(7,856
|
)
|
Total operating expenses
|
|
|
(4,776
|
)
|
|
|
(4,604
|
)
|
|
|
(5,007
|
)
|
|
|
(13,990
|
)
|
|
|
(13,859
|
)
|
Operating income
|
|
|
6,193
|
|
|
|
4,957
|
|
|
|
5,644
|
|
|
|
14,372
|
|
|
|
16,291
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(526
|
)
|
|
|
(576
|
)
|
|
|
(540
|
)
|
|
|
(1,705
|
)
|
|
|
(1,559
|
)
|
Foreign exchange gain (loss)
|
|
|
1,504
|
|
|
|
(306
|
)
|
|
|
(1,837
|
)
|
|
|
2,032
|
|
|
|
(675
|
)
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
(1,987
|
)
|
|
|
828
|
|
|
|
4,433
|
|
|
|
(1,420
|
)
|
|
|
2,788
|
|
Gain (loss) on equity-method investments
4
|
|
|
1,287
|
|
|
|
1,144
|
|
|
|
(63
|
)
|
|
|
3,580
|
|
|
|
1,392
|
|
Others
|
|
|
(152
|
)
|
|
|
(397
|
)
|
|
|
(204
|
)
|
|
|
(425
|
)
|
|
|
(345
|
)
|
Total non-operating income (expenses)
|
|
|
126
|
|
|
|
693
|
|
|
|
1,789
|
|
|
|
2,062
|
|
|
|
1,601
|
|
Income before tax
|
|
|
6,319
|
|
|
|
5,650
|
|
|
|
7,433
|
|
|
|
16,434
|
|
|
|
17,892
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(719
|
)
|
|
|
(1,266
|
)
|
|
|
(1,016
|
)
|
|
|
(2,514
|
)
|
|
|
(3,262
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
5,600
|
|
|
|
4,384
|
|
|
|
6,417
|
|
|
|
13,920
|
|
|
|
14,630
|
|
Noncontrolling interest
|
|
|
(94
|
)
|
|
|
(56
|
)
|
|
|
(49
|
)
|
|
|
(204
|
)
|
|
|
(141
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
5,506
|
|
|
|
4,328
|
|
|
|
6,368
|
|
|
|
13,716
|
|
|
|
14,489
|
|
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
|
|
For the nine months ended
|
|
|
Sep. 30
2016
|
|
Jun. 30
2016
|
|
Sep. 30
2015
|
|
Sep. 30
2016
|
|
Sep. 30
2015
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
|
|
31,190
|
|
|
|
24,886
|
|
|
|
36,161
|
|
|
|
80,864
|
|
|
|
99,081
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(28,066
|
)
|
|
|
(22,326
|
)
|
|
|
(33,176
|
)
|
|
|
(73,173
|
)
|
|
|
(91,625
|
)
|
Gross profit
|
|
|
3,124
|
|
|
|
2,560
|
|
|
|
2,985
|
|
|
|
7,691
|
|
|
|
7,456
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(841
|
)
|
|
|
(742
|
)
|
|
|
(746
|
)
|
|
|
(2,293
|
)
|
|
|
(2,190
|
)
|
Selling, general and administrative
|
|
|
(1,053
|
)
|
|
|
(996
|
)
|
|
|
(860
|
)
|
|
|
(2,969
|
)
|
|
|
(2,736
|
)
|
Total operating expenses
|
|
|
(1,894
|
)
|
|
|
(1,738
|
)
|
|
|
(1,606
|
)
|
|
|
(5,262
|
)
|
|
|
(4,926
|
)
|
Operating income
|
|
|
1,230
|
|
|
|
822
|
|
|
|
1,379
|
|
|
|
2,429
|
|
|
|
2,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-operating income
|
|
|
224
|
|
|
|
190
|
|
|
|
(558
|
)
|
|
|
492
|
|
|
|
81
|
|
Income before tax
|
|
|
1,454
|
|
|
|
1,012
|
|
|
|
821
|
|
|
|
2,921
|
|
|
|
2,611
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(249
|
)
|
|
|
(205
|
)
|
|
|
(120
|
)
|
|
|
(535
|
)
|
|
|
(340
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
1,205
|
|
|
|
807
|
|
|
|
701
|
|
|
|
2,386
|
|
|
|
2,271
|
|
Noncontrolling interest
|
|
|
(289
|
)
|
|
|
(204
|
)
|
|
|
(272
|
)
|
|
|
(601
|
)
|
|
|
(512
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
916
|
|
|
|
603
|
|
|
|
429
|
|
|
|
1,785
|
|
|
|
1,759
|
|
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
|
As of Sep. 30, 2016
|
|
As of Jun. 30, 2016
|
|
|
|
|
|
Current assets:
|
|
|
|
|
Cash and cash equivalents
|
|
|
37,661
|
|
|
|
36,873
|
|
Financial assets – current
|
|
|
1,931
|
|
|
|
3,588
|
|
Notes and accounts receivable
|
|
|
52,010
|
|
|
|
44,680
|
|
Inventories
|
|
|
47,777
|
|
|
|
44,263
|
|
Others
|
|
|
3,990
|
|
|
|
7,567
|
|
Total current assets
|
|
|
143,369
|
|
|
|
136,971
|
|
|
|
|
|
|
|
|
|
|
Financial assets – non current & Investments – equity method
4
|
|
|
51,975
|
|
|
|
49,543
|
|
Property plant and equipment
|
|
|
145,209
|
|
|
|
147,650
|
|
Intangible assets
|
|
|
12,217
|
|
|
|
11,898
|
|
Prepaid lease payments
|
|
|
2,382
|
|
|
|
2,402
|
|
Others
|
|
|
5,476
|
|
|
|
5,565
|
|
Total assets
|
|
|
360,628
|
|
|
|
354,029
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
Short-term borrowings and short-term bills payable
|
|
|
33,007
|
|
|
|
18,319
|
|
Current portion of bonds payable
|
|
|
9,385
|
|
|
|
22,550
|
|
Current portion of long-term borrowings & capital lease obligations
|
|
|
6,384
|
|
|
|
5,229
|
|
Notes and accounts payable
|
|
|
37,856
|
|
|
|
31,340
|
|
Others
|
|
|
31,765
|
|
|
|
43,330
|
|
Total current liabilities
|
|
|
118,397
|
|
|
|
120,768
|
|
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
26,872
|
|
|
|
24,652
|
|
Long-term borrowings & capital lease obligations
|
|
|
44,255
|
|
|
|
39,664
|
|
Other liabilities
|
|
|
9,886
|
|
|
|
9,629
|
|
Total liabilities
|
|
|
199,410
|
|
|
|
194,713
|
|
Shareholders of the parent
|
|
|
150,159
|
|
|
|
148,449
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling interest
|
|
|
11,059
|
|
|
|
10,867
|
|
Total liabilities & shareholders’ equity
|
|
|
360,628
|
|
|
|
354,029
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.21
|
|
|
|
1.13
|
|
Net Debt to Equity
|
|
|
0.50
|
|
|
|
0.44
|
|