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):
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):
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.
|
|
ADVANCED SEMICONDUCTOR
ENGINEERING, INC.
|
|
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|
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Date: January 26, 2017
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By:
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/s/ Joseph Tung
___________________
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|
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Name:
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Joseph Tung
|
|
|
Title:
|
Chief Financial Officer
|
|
Advanced Semiconductor Engineering, Inc.
|
|
FOR IMMEDIATE RELEASE
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
|
|
ADVANCED
SEMICONDUCTOR ENGINEERING, INC. REPORTS UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF 2016
Taipei,
Taiwan, R.O.C., January 26, 2017 – 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$77,128 million for the fourth quarter of 2016 (4Q16), up by 2% year-over-year and up
by 6% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$7,976 million, up from a
net income attributable to shareholders of the parent of NT$4,708 million in 4Q15 and up from a net income attributable to shareholders
of the parent of NT$5,506 million in 3Q16. Basic earnings per share for the quarter were NT$1.04 (or US$0.164 per ADS), compared
to basic earnings per share of NT$0.62 (or US$0.095 per ADS) for 4Q15 and NT$0.72 (or US$0.113 per ADS) for 3Q16. Diluted earnings
per share for the quarter were NT$0.86 (or US$0.136 per ADS), compared to diluted earnings per share of NT$0.60 for 4Q15 and NT$0.64
for 3Q16.
For
the full year of 2016, the Company reported net revenues of NT$274,884 million and net income attributable to shareholders of
the parent of NT$21,692 million. Basic earnings per share for the full year of 2016 were NT$2.83 (or US$0.439 per ADS). Diluted
earnings per share for the full year of 2016 were NT$2.35 (or US$0.364 per ADS).
RESULTS
OF OPERATIONS
4Q16
Results Highlights – Consolidated
|
l
|
Net revenue contribution
from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately
44%, 9%, 45%, 1% and 1%, respectively, of total net revenues for the quarter.
|
|
l
|
Cost of revenue was NT$61,751
million for the quarter, up from NT$58,671 million in 3Q16.
|
|
-
|
Raw material cost totaled NT$36,501 million
for the quarter, representing 47% of total net revenues.
|
|
-
|
Labor cost totaled NT$9,324 million for
the quarter, representing 12% of total net revenues.
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$7,015 million for the quarter.
|
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.
|
|
|
l
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Gross margin increased
0.5 percentage points to 19.9% in 4Q16 from 19.4% in 3Q16.
|
|
l
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Operating margin was 10.5%
in 4Q16 compared to 10.2% in 3Q16.
|
|
l
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In terms of non-operating
items:
|
|
-
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Net interest expense was NT$451 million.
|
|
-
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Net foreign exchange loss of NT$308 million
was primarily attributable to the appreciation of the U.S. dollar against the NT dollar.
|
|
-
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Gain on valuation of financial assets and
liabilities was NT$2,167 million.
|
|
-
|
Net gain on equity-method investments was
NT$216 million, including NT$368 million of the share of profit from our investment in Siliconware Precision Industries Co., Ltd
.
|
|
-
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Other net non-operating expenses of NT$73 million were primarily related to miscellaneous expenses.
Total non-operating income for the quarter was NT$1,551 million.
|
|
l
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Income before tax was
NT$9,680 million for 4Q16, compared to NT$6,875 million in 3Q16. We recorded income tax expenses of NT$1,274 million for the quarter,
compared to NT$976 million in 3Q16.
|
|
l
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In 4Q16, net income attributable
to shareholders of the parent was NT$7,976 million, compared to net income attributable to shareholders of the parent of NT$4,708
million in 4Q15 and net income attributable to shareholders of the parent of NT$5,506 million in 3Q16.
|
|
l
|
Our total number of shares
outstanding at the end of the quarter was 7,944,875,346, including treasury stock owned by our subsidiaries. Our 4Q16 basic earnings
per share of NT$1.04 (or US$0.164 per ADS) were based on 7,675,982,652 weighted average number of shares outstanding in 4Q16. Our
4Q16 diluted earnings per share of NT$0.86 (or US$0.136 per ADS) were based on 8,255,714,437 weighted average number of shares
outstanding in 4Q16.
|
4Q16
Results Highlights – IC ATM
2
|
l
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Cost of revenues was NT$31,816
million for the quarter, down by 0.7% sequentially.
|
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-
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Raw material cost totaled NT$9,906 million
for the quarter, representing 23% of total net revenues.
|
|
-
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Labor cost totaled NT$8,103 million for
the quarter, representing 19% of total net revenues.
|
|
-
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Depreciation, amortization and rental expenses
totaled NT$6,455 million for the quarter.
|
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l
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Gross margin increased
1.3 percentage points to 26.8% in 4Q16 from 25.5% in 3Q16.
|
|
l
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Operating margin was 14.7%
in 4Q16 compared to 14.4% in 3Q16.
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4Q16
Results Highlights – EMS
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l
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Cost of revenues for the
quarter was NT$31,038 million, up by 11% sequentially.
|
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-
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Raw material cost totaled NT$26,687 million
for the quarter, representing 77% of total net revenues.
|
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-
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Labor cost totaled NT$1,220 million for
the quarter, representing 4% of total net revenues.
|
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-
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Depreciation, amortization and rental expenses
totaled NT$593 million for the quarter.
|
|
l
|
Gross margin increased
to 10.4% in 4Q16 from 10.0% in 3Q16.
|
|
l
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Operating margin increased
to 4.8% in 4Q16 from 3.9% in 3Q16.
|
2016
Full-Year Results Highlights – Consolidated
2
ATM stands for Semiconductor Assembly, Testing and
Material.
Advanced Semiconductor Engineering, Inc.
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|
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l
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Net revenues for the full
year of 2016 amounted to NT$274,884 million, down by 3% from 2015. The revenue contribution from packaging operations, testing
operations, EMS operations, substrates sold to third parties and others represented approximately 46%, 10%, 42%, 1% and 1%, respectively,
of total net revenues for the year.
|
|
l
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Cost of revenue for the
year of 2016 was NT$221,690 million, compared with NT$233,167 million in 2015.
|
|
-
|
Raw material cost totaled NT$125,134 million
for the year, representing 46% of total net revenues.
|
|
-
|
Labor cost totaled NT$35,589 million for
the year, representing 13% of total net revenues.
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$28,118 million for the year.
|
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l
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Gross margin increased
1.7 percentage points to 19.4% in 2016 from 17.7% in 2015.
|
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l
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Operating margin increased
to 9.7% in 2016 from 8.8% in 2015.
|
|
l
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Total non-operating income
for the year was NT$1,348 million, compared to total non-operating income of NT$122 million for 2015.
|
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l
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Income before tax was
NT$28,052 million for 2016. We recognized an income tax expense of NT$5,091 million for the year.
|
|
l
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In 2016, net income attributable
to shareholders of the parent amounted to NT$21,692 million, compared with a net income attributable to shareholders of the parent
of NT$19,197 million in 2015.
|
|
l
|
Our total number of shares
outstanding at the end of the year was 7,944,875,346, including treasury stock owned by our subsidiaries. Our 2016 basic earnings
per share of NT$2.83 (or US$0.439 per ADS) were based on 7,662,869,845 weighted average number of shares outstanding in 2016. Our
2016 diluted earnings per share of NT$2.35 (or US$0.364 per ADS) were based on 8,284,186,758 weighted average number of shares
outstanding in 2016.
|
2016
Full-Year Results Highlights – IC ATM
|
l
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Cost of revenues for the
full year of 2016 was NT$120,507 million, compared with NT$114,416 million in 2015.
|
|
-
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Raw material cost totaled NT$36,472 million
for the year, representing 23% of total net revenues.
|
|
-
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Labor cost totaled NT$30,804 million for
the year, representing 19% of total net revenues.
|
|
-
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Depreciation, amortization and rental expenses
totaled NT$25,729 million for the year.
|
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l
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Gross margin decreased
to 24.9% in 2016 from 26.0% in 2015.
|
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l
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Operating margin decreased
to 12.9% in 2016 from 14.0% in 2015.
|
2016
Full-Year Results Highlights – EMS
|
l
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Cost of revenues was NT$104,211
million, down by 19% from 2015.
|
|
-
|
Raw material cost totaled NT$88,971 million
for the year, representing 77% of total net revenues.
|
|
-
|
Labor cost totaled NT$4,782 million for
the year, representing 4% of total net revenues.
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$2,532 million for the year.
|
|
l
|
Gross margin increased
to 9.8% in 2016 from 7.5% in 2015.
|
Advanced Semiconductor Engineering, Inc.
|
|
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l
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Operating margin increased
to 3.5% in 2016 from 2.6% in 2015.
|
LIQUIdiTY
AND CAPITAL RESOURCES
|
l
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Capital expenditures in
4Q16 totaled US$127 million, of which US$87 million were used in packaging operations, US$30 million in testing operations, US$6
million in EMS operations and US$4 million in interconnect materials operations.
|
|
l
|
For the full year of 2016,
we spent US$683 million for capital expenditures, including US$397 million in packaging operations, US$241 million in testing operations,
US$22 million in EMS operations and US$23 million in interconnect materials operations.
|
|
l
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As of December 31, 2016,
total unused credit lines amounted to NT$176,185 million.
|
|
l
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Current ratio was 1.37
and net debt to equity ratio was 0.41 as of December 31, 2016.
|
|
l
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Total number of employees
was 66,711 as of December 31, 2016, compared to 68,141 as of September 30, 2016.
|
Business
Review
Packaging
Operations
3
|
l
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Gross margin for our packaging
operations during the quarter was 24.1%, up by 1.9 percentage points from 3Q16.
|
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l
|
Capital expenditures for
our packaging operations amounted to US$87 million for the quarter, of which US$49 million were used in purchases of wafer bumping
and flip chip packaging equipment, US$34 million were used in purchase common equipment including SiP equipment purchases, and
US$4 million were used in wirebond packaging specific purposes.
|
Testing
Operations
|
l
|
Depreciation, amortization
and rental expense associated with our testing operations amounted to NT$1,806 million during the quarter, up from NT$1,739 million
in 3Q16.
|
|
l
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In 4Q16, gross margin
for our testing operations was 38.4%, down by 0.5 percentage points from 3Q16.
|
|
l
|
Capital expenditures for
our testing operations amounted to US$30 million during the quarter.
|
EMS
Operations
|
l
|
In 4Q16, gross margin
for our EMS operations was 10.4%, up by 0.4 percentage points from 3Q16.
|
|
l
|
Capital expenditures for
our EMS operations amounted to US$6 million during the quarter.
|
Substrate
Operations
|
l
|
PBGA substrate manufactured
by ASE amounted to NT$2,171 million for the quarter, down by NT$173 million, or by 7% from 3Q16. Of the total output of NT$2,171
million, NT$806 million was from sales to external customers.
|
|
l
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Gross margin for substrate
operations was 13.8% for the quarter, down by 1 percentage points from 3Q16.
|
|
l
|
In 4Q16, our internal
substrate manufacturing operations supplied 26% (by value) of our total substrate requirements.
|
3
IC
packaging services include module assembly services.
Advanced Semiconductor Engineering, Inc.
|
|
Customers
IC
ATM consolidated Basis
|
l
|
Our five largest customers
together accounted for approximately 33% of our total net revenues in 4Q16, compared to 34% in 3Q16. One customer accounted for
more than 10% of our total net revenues in 4Q16.
|
|
l
|
Our top 10 customers contributed
50% of our total net revenues for the quarter, which remained the same as 3Q16.
|
|
l
|
Our customers that are
integrated device manufacturers or IDMs accounted for 35% of our total net revenues for the quarter, compared to 36% in 3Q16.
|
EMS
Basis
|
l
|
Our five largest customers
together accounted for approximately 83% of our total net revenues in 4Q16, compared to 80% in 3Q16. One customer accounted for
more than 10% of our total net revenues in 4Q16.
|
|
l
|
Our top 10 customers contributed
91% of our total net revenues during the quarter, compared to 90% in 3Q16.
|
ASE-SPIL
Transaction Update
|
l
|
ASE and SPIL submitted the required materials
to the Taiwan Fair Trade Commission (the “TFTC”) on July 29, 2016 and the TFTC issued a no objection letter in respect
of the transaction.
|
|
l
|
ASE and SPIL submitted the required materials
to the Ministry of Commerce of the People’s Republic of China ("MOFCOM") on August 25, 2016. MOFCOM formally accepted
the parties’ notification materials on December 14, 2016, starting Phase I of the review process. On January 16, 2017, ASE
received MOFCOM's notice extending its review to Phase II review.
|
|
l
|
On January 17, 2017, ASE and SPIL each
certified that it has complied with the U.S. Federal Trade Commission’s (“FTC”) requests for information. The
parties are continuing to cooperate with the FTC's investigation, and are working toward a goal of successfully completing the
investigation as soon as possible.
|
outlook
Based on our current business outlook and
exchange rate assumptions, management projects overall performance for the first quarter of 2017 to be as follows:
|
l
|
IC ATM 1Q/2017 business should get close to 2Q/2016
levels;
|
|
l
|
IC ATM 1Q/2017 gross margin should be similar to 1H/2016
levels;
|
|
l
|
EMS 1Q/2017 business and gross margin should be similar
to the quarterly averages of 2016.
|
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.
Advanced Semiconductor Engineering, Inc.
|
|
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
|
4Q/16
|
3Q/16
|
4Q/15
|
Net
Revenues
|
43,463
|
43,006
|
38,406
|
Revenues
by Application
|
|
|
|
Communication
|
53%
|
53%
|
55%
|
Computer
|
10%
|
12%
|
12%
|
Automotive, Consumer & Others
|
37%
|
35%
|
33%
|
Packaging
Operations
Amounts in NT$ Millions
|
4Q/16
|
3Q/16
|
4Q/15
|
Net
Revenues
|
35,242
|
34,832
|
31,121
|
Revenues
by Packaging Type
|
|
|
|
Bumping, Flip Chip, WLP & SiP
|
32%
|
33%
|
33%
|
IC Wirebonding
|
57%
|
57%
|
58%
|
Discrete and Others
|
11%
|
10%
|
9%
|
Capacity
|
|
|
|
CapEx (US$ Millions)*
|
87
|
112
|
64
|
Number of Wirebonders
|
15,897
|
15,905
|
15,568
|
Testing
Operations
Amounts in NT$ Millions
|
4Q/16
|
3Q/16
|
4Q/15
|
Net
Revenues
|
7,303
|
7,232
|
6,356
|
Revenues
by Testing Type
|
|
|
|
Final test
|
77%
|
75%
|
77%
|
Wafer sort
|
20%
|
21%
|
19%
|
Engineering test
|
3%
|
4%
|
4%
|
Capacity
|
|
|
|
CapEx (US$ Millions)*
|
30
|
57
|
18
|
Number of Testers
|
3,739
|
3,725
|
3,435
|
EMS
Operations
Amounts in NT$ Millions
|
4Q/16
|
3Q/16
|
4Q/15
|
Net
Revenues
|
34,634
|
31,190
|
39,347
|
Revenues
by End Application
|
|
|
|
Communication
|
53%
|
51%
|
64%
|
Computer
|
14%
|
16%
|
15%
|
Consumer
|
20%
|
20%
|
11%
|
Industrial
|
7%
|
7%
|
5%
|
Automotive
|
5%
|
5%
|
4%
|
Others
|
1%
|
1%
|
1%
|
Capacity
|
|
|
|
CapEx (US$ Millions)*
|
6
|
10
|
5
|
*
Capital
expenditure excludes building construction costs.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of
Comprehensive Income Data
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months ended
|
|
For the year ended
|
|
|
Dec. 31
2016
|
|
Sep. 30
2016
|
|
Dec. 31
2015
|
|
Dec. 31
2016
|
|
Dec. 31
2015
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
33,620
|
|
|
|
33,449
|
|
|
|
29,093
|
|
|
|
125,283
|
|
|
|
116,607
|
|
Testing
|
|
|
7,303
|
|
|
|
7,231
|
|
|
|
6,355
|
|
|
|
27,032
|
|
|
|
25,192
|
|
Direct Material
|
|
|
806
|
|
|
|
805
|
|
|
|
798
|
|
|
|
3,262
|
|
|
|
3,260
|
|
EMS
|
|
|
34,627
|
|
|
|
31,174
|
|
|
|
39,301
|
|
|
|
115,395
|
|
|
|
138,242
|
|
Others
|
|
|
772
|
|
|
|
125
|
|
|
|
1
|
|
|
|
3,912
|
|
|
|
1
|
|
Total net revenues
|
|
|
77,128
|
|
|
|
72,784
|
|
|
|
75,548
|
|
|
|
274,884
|
|
|
|
283,302
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(61,751
|
)
|
|
|
(58,671
|
)
|
|
|
(62,279
|
)
|
|
|
(221,690
|
)
|
|
|
(233,167
|
)
|
Gross profit
|
|
|
15,377
|
|
|
|
14,113
|
|
|
|
13,269
|
|
|
|
53,194
|
|
|
|
50,135
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(3,091
|
)
|
|
|
(2,947
|
)
|
|
|
(2,814
|
)
|
|
|
(11,391
|
)
|
|
|
(10,938
|
)
|
Selling, general and administrative
|
|
|
(4,157
|
)
|
|
|
(3,728
|
)
|
|
|
(3,654
|
)
|
|
|
(15,099
|
)
|
|
|
(14,313
|
)
|
Total operating expenses
|
|
|
(7,248
|
)
|
|
|
(6,675
|
)
|
|
|
(6,468
|
)
|
|
|
(26,490
|
)
|
|
|
(25,251
|
)
|
Operating income
|
|
|
8,129
|
|
|
|
7,438
|
|
|
|
6,801
|
|
|
|
26,704
|
|
|
|
24,884
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(451
|
)
|
|
|
(478
|
)
|
|
|
(538
|
)
|
|
|
(1,987
|
)
|
|
|
(2,027
|
)
|
Foreign exchange gain (loss)
|
|
|
(308
|
)
|
|
|
1,593
|
|
|
|
428
|
|
|
|
1,928
|
|
|
|
(713
|
)
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
2,167
|
|
|
|
(1,998
|
)
|
|
|
(722
|
)
|
|
|
667
|
|
|
|
2,462
|
|
Gain
(loss) on equity-method investments
4
|
|
|
216
|
|
|
|
457
|
|
|
|
142
|
|
|
|
1,317
|
|
|
|
121
|
|
Others
|
|
|
(73
|
)
|
|
|
(137
|
)
|
|
|
179
|
|
|
|
(577
|
)
|
|
|
279
|
|
Total non-operating income (expenses)
|
|
|
1,551
|
|
|
|
(563
|
)
|
|
|
(511
|
)
|
|
|
1,348
|
|
|
|
122
|
|
Income before tax
|
|
|
9,680
|
|
|
|
6,875
|
|
|
|
6,290
|
|
|
|
28,052
|
|
|
|
25,006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(1,274
|
)
|
|
|
(976
|
)
|
|
|
(1,259
|
)
|
|
|
(5,091
|
)
|
|
|
(4,839
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
8,406
|
|
|
|
5,899
|
|
|
|
5,030
|
|
|
|
22,961
|
|
|
|
20,167
|
|
Noncontrolling interest
|
|
|
(430
|
)
|
|
|
(393
|
)
|
|
|
(322
|
)
|
|
|
(1,269
|
)
|
|
|
(970
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
7,976
|
|
|
|
5,506
|
|
|
|
4,708
|
|
|
|
21,692
|
|
|
|
19,197
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
NT$1.04
|
|
|
|
NT$0.72
|
|
|
|
NT$0.62
|
|
|
|
NT$2.83
|
|
|
|
NT$2.51
|
|
– Diluted
|
|
|
NT$0.86
|
|
|
|
NT$0.64
|
|
|
|
NT$0.60
|
|
|
|
NT$2.35
|
|
|
|
NT$2.41
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
US$0.164
|
|
|
|
US$0.113
|
|
|
|
US$0.095
|
|
|
|
US$0.439
|
|
|
|
US$0.396
|
|
– Diluted
|
|
|
US$0.136
|
|
|
|
US$0.101
|
|
|
|
US$0.092
|
|
|
|
US$0.364
|
|
|
|
US$0.381
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in diluted EPS calculation (in thousands)
|
|
|
8,255,714
|
|
|
|
8,252,369
|
|
|
|
7,840,049
|
|
|
|
8,284,187
|
|
|
|
8,250,064
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$ per US$1)
|
|
|
31.62
|
|
|
|
31.78
|
|
|
|
32.55
|
|
|
|
32.22
|
|
|
|
31.65
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
As
of September 30, 2016, we have completed the identification of the difference between the cost of the investment and our share
of the net fair value of SPIL’s identifiable assets and liabilities. Accordingly, we retrospectively adjusted the provisional
amounts recognized at the acquisition dates in September 2015, March and April 2016, respectively.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of
Comprehensive Income Data – IC ATM
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months ended
|
|
For the year ended
|
|
|
Dec. 31
2016
|
|
Sep. 30
2016
|
|
Dec. 31
2015
|
|
Dec. 31
2016
|
|
Dec. 31
2015
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
35,242
|
|
|
|
34,832
|
|
|
|
31,121
|
|
|
|
129,851
|
|
|
|
125,714
|
|
Testing
|
|
|
7,303
|
|
|
|
7,232
|
|
|
|
6,356
|
|
|
|
27,032
|
|
|
|
25,192
|
|
Direct Material
|
|
|
898
|
|
|
|
920
|
|
|
|
910
|
|
|
|
3,550
|
|
|
|
3,564
|
|
Others
|
|
|
20
|
|
|
|
22
|
|
|
|
19
|
|
|
|
83
|
|
|
|
74
|
|
Total net revenues
|
|
|
43,463
|
|
|
|
43,006
|
|
|
|
38,406
|
|
|
|
160,516
|
|
|
|
154,544
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(31,816
|
)
|
|
|
(32,037
|
)
|
|
|
(28,428
|
)
|
|
|
(120,507
|
)
|
|
|
(114,416
|
)
|
Gross profit
|
|
|
11,647
|
|
|
|
10,969
|
|
|
|
9,978
|
|
|
|
40,009
|
|
|
|
40,128
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(2,270
|
)
|
|
|
(2,130
|
)
|
|
|
(2,082
|
)
|
|
|
(8,343
|
)
|
|
|
(8,085
|
)
|
Selling, general and administrative
|
|
|
(3,005
|
)
|
|
|
(2,646
|
)
|
|
|
(2,583
|
)
|
|
|
(10,922
|
)
|
|
|
(10,439
|
)
|
Total operating expenses
|
|
|
(5,275
|
)
|
|
|
(4,776
|
)
|
|
|
(4,665
|
)
|
|
|
(19,265
|
)
|
|
|
(18,524
|
)
|
Operating income
|
|
|
6,372
|
|
|
|
6,193
|
|
|
|
5,313
|
|
|
|
20,744
|
|
|
|
21,604
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(499
|
)
|
|
|
(526
|
)
|
|
|
(584
|
)
|
|
|
(2,204
|
)
|
|
|
(2,143
|
)
|
Foreign exchange gain (loss)
|
|
|
(432
|
)
|
|
|
1,504
|
|
|
|
364
|
|
|
|
1,600
|
|
|
|
(311
|
)
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
2,108
|
|
|
|
(1,987
|
)
|
|
|
(622
|
)
|
|
|
687
|
|
|
|
2,166
|
|
Gain (loss) on equity-method investments
4
|
|
|
1,405
|
|
|
|
1,287
|
|
|
|
1,051
|
|
|
|
4,985
|
|
|
|
2,443
|
|
Others
|
|
|
104
|
|
|
|
(152
|
)
|
|
|
336
|
|
|
|
(320
|
)
|
|
|
(9
|
)
|
Total non-operating income (expenses)
|
|
|
2,686
|
|
|
|
126
|
|
|
|
545
|
|
|
|
4,748
|
|
|
|
2,146
|
|
Income before tax
|
|
|
9,058
|
|
|
|
6,319
|
|
|
|
5,858
|
|
|
|
25,492
|
|
|
|
23,750
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(967
|
)
|
|
|
(719
|
)
|
|
|
(1,099
|
)
|
|
|
(3,481
|
)
|
|
|
(4,361
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
8,091
|
|
|
|
5,600
|
|
|
|
4,759
|
|
|
|
22,011
|
|
|
|
19,389
|
|
Noncontrolling interest
|
|
|
(115
|
)
|
|
|
(94
|
)
|
|
|
(51
|
)
|
|
|
(319
|
)
|
|
|
(192
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
7,976
|
|
|
|
5,506
|
|
|
|
4,708
|
|
|
|
21,692
|
|
|
|
19,197
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 year ended
|
|
|
Dec. 31
2016
|
|
Sep. 30
2016
|
|
Dec. 31
2015
|
|
Dec. 31
2016
|
|
Dec. 31
2015
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
|
|
34,634
|
|
|
|
31,190
|
|
|
|
39,347
|
|
|
|
115,498
|
|
|
|
138,428
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(31,038
|
)
|
|
|
(28,066
|
)
|
|
|
(36,473
|
)
|
|
|
(104,211
|
)
|
|
|
(128,098
|
)
|
Gross profit
|
|
|
3,596
|
|
|
|
3,124
|
|
|
|
2,874
|
|
|
|
11,287
|
|
|
|
10,330
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(840
|
)
|
|
|
(841
|
)
|
|
|
(760
|
)
|
|
|
(3,133
|
)
|
|
|
(2,950
|
)
|
Selling, general and administrative
|
|
|
(1,099
|
)
|
|
|
(1,053
|
)
|
|
|
(1,038
|
)
|
|
|
(4,068
|
)
|
|
|
(3,774
|
)
|
Total operating expenses
|
|
|
(1,939
|
)
|
|
|
(1,894
|
)
|
|
|
(1,798
|
)
|
|
|
(7,201
|
)
|
|
|
(6,724
|
)
|
Operating income
|
|
|
1,657
|
|
|
|
1,230
|
|
|
|
1,076
|
|
|
|
4,086
|
|
|
|
3,606
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-operating income
|
|
|
114
|
|
|
|
224
|
|
|
|
(64
|
)
|
|
|
606
|
|
|
|
17
|
|
Income before tax
|
|
|
1,771
|
|
|
|
1,454
|
|
|
|
1,012
|
|
|
|
4,692
|
|
|
|
3,623
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(509
|
)
|
|
|
(249
|
)
|
|
|
(170
|
)
|
|
|
(1,044
|
)
|
|
|
(510
|
)
|
Income from continuing operations and before noncontrolling interest
|
|
|
1,262
|
|
|
|
1,205
|
|
|
|
842
|
|
|
|
3,648
|
|
|
|
3,113
|
|
Noncontrolling interest
|
|
|
(305
|
)
|
|
|
(289
|
)
|
|
|
(269
|
)
|
|
|
(906
|
)
|
|
|
(781
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
957
|
|
|
|
916
|
|
|
|
573
|
|
|
|
2,742
|
|
|
|
2,332
|
|
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
|
As of Dec. 31, 2016
|
|
As of Sep. 30, 2016
|
|
|
|
|
|
Current assets:
|
|
|
|
|
Cash and cash equivalents
|
|
|
38,392
|
|
|
|
37,661
|
|
Financial assets – current
|
|
|
3,895
|
|
|
|
1,931
|
|
Notes and accounts receivable
|
|
|
51,145
|
|
|
|
52,010
|
|
Inventories
|
|
|
45,626
|
|
|
|
47,777
|
|
Others
|
|
|
3,731
|
|
|
|
3,990
|
|
Total current assets
|
|
|
142,789
|
|
|
|
143,369
|
|
|
|
|
|
|
|
|
|
|
Financial assets – non current & Investments – equity method
4
|
|
|
52,174
|
|
|
|
51,975
|
|
Property plant and equipment
|
|
|
143,880
|
|
|
|
145,209
|
|
Intangible assets
|
|
|
12,120
|
|
|
|
12,217
|
|
Prepaid lease payments
|
|
|
2,237
|
|
|
|
2,382
|
|
Others
|
|
|
4,743
|
|
|
|
5,476
|
|
Total assets
|
|
|
357,943
|
|
|
|
360,628
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
|
20,955
|
|
|
|
33,007
|
|
Current portion of bonds payable
|
|
|
9,658
|
|
|
|
9,385
|
|
Current portion of long-term borrowings & capital lease obligations
|
|
|
6,683
|
|
|
|
6,384
|
|
Notes and accounts payable
|
|
|
35,804
|
|
|
|
37,856
|
|
Others
|
|
|
31,153
|
|
|
|
31,765
|
|
Total current liabilities
|
|
|
104,253
|
|
|
|
118,397
|
|
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
27,342
|
|
|
|
26,872
|
|
Long-term borrowings & capital lease obligations
|
|
|
47,013
|
|
|
|
44,255
|
|
Other liabilities
|
|
|
9,765
|
|
|
|
9,886
|
|
Total liabilities
|
|
|
188,373
|
|
|
|
199,410
|
|
Shareholders of the parent
|
|
|
157,578
|
|
|
|
150,159
|
|
|
|
|
|
|
|
|
|
|
Noncontrolling interest
|
|
|
11,992
|
|
|
|
11,059
|
|
Total liabilities & shareholders’ equity
|
|
|
357,943
|
|
|
|
360,628
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.37
|
|
|
|
1.21
|
|
Net Debt to Equity
|
|
|
0.41
|
|
|
|
0.50
|
|