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.
|
|
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ADVANCED SEMICONDUCTOR
ENGINEERING, INC.
|
|
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Date: July 28, 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
|
|
|
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Title:
|
Chief Financial Officer
|
|
|
Advanced Semiconductor Engineering, Inc.
|
|
FOR IMMEDIATE RELEASE
IR Contact
:
|
Iris Wu, Manager
irissh_wu@aseglobal.com
Tel: +886.2.6636.5678
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 SECOND QUARTER OF 2017
Taipei,
Taiwan, R.O.C., July 28, 2017 – Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) (“We”, “ASE”,
or the “Company”), among the world’s leading companies in semiconductor packaging and testing, today reported
unaudited net revenues
1
of NT$66,026 million for the
second quarter of 2017 (2Q17), up by 5% year-over-year and down by 1% sequentially. Net income attributable to shareholders of
the parent for the quarter totaled NT$7,847 million, up from a net income attributable to shareholders of the parent of NT$4,302
million in 2Q16 and up from a net income attributable to shareholders of the parent of NT$2,559 million in 1Q17. Basic earnings
per share for the quarter were NT$0.97 (or US$0.160 per ADS), compared to basic earnings per share of NT$0.56 for 2Q16 and NT$0.33
for 1Q17. Diluted earnings per share for the quarter were NT$0.89 (or US$0.148 per ADS), compared to diluted earnings per share
of NT$0.47 for 2Q16 and NT$0.29 for 1Q17.
RESULTS
OF OPERATIONS
2Q17
Results Highlights – Consolidated
|
|
l
|
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.
|
|
|
l
|
Cost of revenue was NT$53,910
million for the quarter, down from NT$54,576 million in 1Q17.
|
|
|
-
|
Raw material cost totaled NT$30,855 million
for the quarter, representing 47% of total net revenues.
|
|
|
-
|
Labor cost totaled NT$8,871 million for
the quarter, representing 13% of total net revenues.
|
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$6,805 million for the quarter.
|
|
|
l
|
Gross margin increased
0.3 percentage points to 18.3% in 2Q17 from 18.0% in 1Q17.
|
|
|
l
|
Operating margin were
both 7.9% in 2Q17 and 1Q17.
|
|
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l
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In terms of non-operating
items:
|
|
|
-
|
Net interest expense was NT$365 million.
|
|
|
-
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Net foreign exchange loss of NT$201 million
was primarily attributable to the appreciation of the U.S. dollar against the NT dollar.
|
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.
|
|
-
|
Gain on valuation of financial assets and
liabilities was NT$800 million.
|
|
|
-
|
Net gain on equity-method investments was NT$253 million, including NT$356 million of the share
of gain from our investment in Siliconware Precision Industries Co., Ltd.(“SPIL”).
|
|
|
-
|
Other net non-operating income of NT$5,684 million were primarily attributable to gain on disposal
of subsidiary. Total non-operating income for the quarter was NT$6,171 million.
|
|
|
l
|
Income before tax was
NT$11,390 million for 2Q17, compared to NT$3,845 million in 1Q17. We recorded income tax expenses of NT$3,207 million for the quarter,
compared to NT$886 million in 1Q17.
|
|
|
l
|
In 2Q17, net income attributable
to shareholders of the parent was NT$7,847 million, compared to net income attributable to shareholders of the parent of NT$4,302
million in 2Q16 and net income attributable to shareholders of the parent of NT$2,559 million in
1Q17
.
|
|
|
l
|
Our total number of shares
outstanding at the end of the quarter was 8,380,478,101, including treasury stock owned by our subsidiaries. Our 2Q17 basic earnings
per share of NT$0.97 (or US$0.160 per ADS) were based on 8,114,881,837 weighted average number of shares outstanding in 2Q17. Our
2Q17 diluted earnings per share of NT$0.89 (or US$0.148 per ADS) were based on 8,604,623,206 weighted average number of shares
outstanding in 2Q17.
|
2Q17
Results Highlights – IC ATM
2
|
|
l
|
Cost of revenues was NT$30,021
million for the quarter, up by 2% sequentially.
|
|
|
-
|
Raw material cost totaled NT$9,148 million
for the quarter, representing 23% of total net revenues.
|
|
|
-
|
Labor cost totaled NT$7,764 million for
the quarter, representing 20% of total net revenues.
|
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$6,382 million for the quarter.
|
|
|
l
|
Gross margin increased
0.1 percentage points to 23.1% in 2Q17 from 23.0% in 1Q17.
|
|
|
l
|
Operating margin was 10.5%
in 2Q17 compared to 10.4% in 1Q17.
|
2Q17
Results Highlights – EMS
|
|
l
|
Cost of revenues for the
quarter was NT$25,127 million, down by 4% sequentially.
|
|
|
-
|
Raw material cost totaled NT$21,739 million
for the quarter, representing 77% of total net revenues.
|
|
|
-
|
Labor cost totaled NT$1,097 million for
the quarter, representing 4% of total net revenues.
|
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$437 million for the quarter.
|
|
|
l
|
Gross margin increased
to 11.1% in 2Q17 from 10.6% in
1Q17
.
|
|
|
l
|
Operating margin decreased
to 4.0% in 2Q17 from 4.2% in
1Q17
.
|
LIQUIdiTY
AND CAPITAL RESOURCES
|
|
l
|
Capital expenditures in
2Q17 totaled US$213 million, of which US$161 million were used in packaging operations, US$47 million in testing operations, US$4
million in EMS operations and US$1 million in interconnect materials operations.
|
|
|
l
|
As of June 30, 2017, total
unused credit lines amounted to NT$175,681 million.
|
2
ATM stands for Semiconductor Assembly, Testing and Material.
|
|
l
|
Current ratio was 1.30
and net debt to equity ratio was 0.24 as of June 30, 2017.
|
|
|
l
|
Total number of employees
was 66,996 as of June 30, 2017, compared to 66,164 as of March 31, 2017.
|
Business
Review
Packaging
Operations
3
|
|
l
|
Gross margin for our packaging
operations during the quarter was 20.6%, down by 0.1 percentage points from 1Q17.
|
|
|
l
|
Capital expenditures for
our packaging operations amounted to US$161 million for the quarter, of which US$78 million were used in purchases of wafer bumping
and flip chip packaging equipment, and US$83 million were used in purchase of common equipment, SiP equipment and wirebond packaging
equipment.
|
Testing
Operations
|
|
l
|
Depreciation, amortization
and rental expense associated with our testing operations amounted to NT$1,673 million during the quarter, down from NT$1,759 million
in 1Q17.
|
|
|
l
|
Gross margin for our testing
operations amounted to 34.2% during the quarter, up by 0.8 percentage points from 1Q17.
|
|
|
l
|
Capital expenditures for
our testing operations amounted to US$47 million during the quarter.
|
EMS
Operations
|
|
l
|
Gross margin for our EMS
operations amounted to 11.1% during the quarter, up by 0.5 percentage points from 1Q17.
|
|
|
l
|
Capital expenditures for
our EMS operations amounted to US$4 million during the quarter.
|
Substrate
Operations
|
|
l
|
PBGA substrate manufactured
by ASE amounted to NT$2,144 million for the quarter, up by NT$54 million, or by 3% from 1Q17. Of the total output of NT$2,144 million,
NT$928 million was from sales to external customers.
|
|
|
l
|
Gross margin for substrate
operations was 14.4% for the quarter, up by 2.4 percentage points from 1Q17.
|
|
|
l
|
In 2Q17, our internal
substrate manufacturing operations supplied 27% (by value) of our total substrate requirements.
|
Customers
IC
ATM consolidated Basis
|
|
l
|
Our five largest customers
together accounted for approximately 32% of our total net revenues in 2Q17, compared to 31% in 1Q17. No customer accounted for
more than 10% of our total net revenues in 2Q17.
|
|
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l
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Our top 10 customers contributed
47% of our total net revenues for the quarter and in 1Q17.
|
|
|
l
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Our customers that are
integrated device manufacturers, or IDMs, accounted for 36% of our total net revenues for the quarter and in 1Q17.
|
EMS
Basis
|
|
l
|
Our five largest customers
together accounted for approximately 79% of our total net revenues in 2Q17, compared to 81% in 1Q17. One customer accounted for
more than 10% of our total net revenues in 2Q17.
|
3
IC packaging services include module assembly services.
|
|
l
|
Our top 10 customers contributed
89% of our total net revenues during the quarter, compared to 90% in 1Q17.
|
outlook
Based on our current business outlook and
exchange rate assumptions, management projects overall performance for the third quarter of 2017 to be as follows:
|
|
l
|
IC ATM 3Q17 business should be a notch or two lower
than 3Q16 levels;
|
|
|
l
|
IC ATM 3Q17 margin should
be similar to 2Q16 levels;
|
|
|
l
|
EMS 3Q17 business should be similar to the average
of 3Q16 and 4Q16 levels;
|
|
|
l
|
EMS 3Q17 gross margin
should be similar to the average of 1Q16 and 2Q16 levels.
|
About ASE, Inc.
ASE is among the world’s leading
companies in semiconductor packaging and testing sector, including front-end engineering testing, wafer probing and final testing
services. With advanced technological capabilities and a global presence spanning Taiwan, China, Korea, Japan, Singapore, Malaysia
and the United States, ASE, Inc. has established a reputation for reliable, high quality products and services. For more information,
please visit our website at http://www.aseglobal.com.
Safe Harbor Notice
This press release contains "forward-looking
statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of
the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements
regarding our future results of operations, financial condition or business prospects, are based on our own information and information
from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply
only as of the date of this press release. The words “anticipate,” “believe,” “estimate,” “expect,”
“intend,” “plan” and similar expressions, as they relate to us, are intended to identify these forward-looking
statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially
from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality
and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability
to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor
packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive
semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive;
international business activities; our business strategy; our future expansion plans and capital expenditures; the uncertainties
as to whether we can complete the share exchange contemplated by a joint share exchange agreement between Siliconware Precision
Industries Co., Ltd. and us; the strained relationship between the Republic of China and the People’s Republic of China;
general economic and political conditions; the recent global economic crisis; possible disruptions in commercial activities caused
by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors. For a discussion of
these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission,
including our 2016 Annual Report on Form 20-F filed on April 21, 2017.
Supplemental
Financial Information
IC
ATM Consolidated Operations
|
Amounts in NT$ Millions
|
2Q/17
|
1Q/17
|
2Q/16
|
|
Net
Revenues
|
39,048
|
38,385
|
38,504
|
|
Revenues
by Application
|
|
|
|
|
Communication
|
48%
|
50%
|
52%
|
|
Computer
|
11%
|
11%
|
12%
|
|
Automotive, Consumer & Others
|
41%
|
39%
|
36%
|
Packaging
Operations
|
Amounts in NT$ Millions
|
2Q/17
|
1Q/17
|
2Q/16
|
|
Net
Revenues
|
31,718
|
31,061
|
31,180
|
|
Revenues
by Packaging Type
|
|
|
|
|
Bumping, Flip Chip, WLP & SiP
|
31%
|
31%
|
31%
|
|
IC Wirebonding
|
58%
|
58%
|
61%
|
|
Discrete and Others
|
11%
|
11%
|
8%
|
|
Capacity
|
|
|
|
|
CapEx (US$ Millions)*
|
161
|
120
|
136
|
|
Number of Wirebonders
|
16,118
|
15,963
|
15,920
|
Testing
Operations
|
Amounts in NT$ Millions
|
2Q/17
|
1Q/17
|
2Q/16
|
|
Net
Revenues
|
6,350
|
6,365
|
6,502
|
|
Revenues
by Testing Type
|
|
|
|
|
Final test
|
83%
|
81%
|
77%
|
|
Wafer sort
|
14%
|
15%
|
20%
|
|
Engineering test
|
3%
|
4%
|
3%
|
|
Capacity
|
|
|
|
|
CapEx (US$ Millions)*
|
47
|
31
|
107
|
|
Number of Testers
|
3,796
|
3,782
|
3,629
|
EMS
Operations
|
Amounts in NT$ Millions
|
2Q/17
|
1Q/17
|
2Q/16
|
|
Net
Revenues
|
28,248
|
29,363
|
24,886
|
|
Revenues
by End Application
|
|
|
|
|
Communication
|
48%
|
49%
|
46%
|
|
Computer
|
17%
|
15%
|
20%
|
|
Consumer
|
20%
|
22%
|
18%
|
|
Industrial
|
8%
|
7%
|
8%
|
|
Automotive
|
6%
|
6%
|
7%
|
|
Others
|
1%
|
1%
|
1%
|
|
Capacity
|
|
|
|
|
CapEx (US$ Millions)*
|
4
|
3
|
4
|
*
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 six months ended
|
|
|
Jun. 30
2017
|
|
Mar. 31
2017
|
|
Jun. 30
2016
|
|
Jun. 30
2017
|
|
Jun. 30
2016
|
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
30,494
|
|
29,806
|
|
30,178
|
|
60,300
|
|
58,214
|
|
|
Testing
|
6,350
|
|
6,365
|
|
6,503
|
|
12,715
|
|
12,498
|
|
|
Direct Material
|
928
|
|
892
|
|
759
|
|
1,820
|
|
1,651
|
|
|
EMS
|
28,210
|
|
29,355
|
|
24,845
|
|
57,565
|
|
49,594
|
|
|
Others
|
44
|
|
133
|
|
316
|
|
177
|
|
3,015
|
|
|
Total net revenues
|
66,026
|
|
66,551
|
|
62,601
|
|
132,577
|
|
124,972
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
4
|
(53,910)
|
|
(54,576)
|
|
(50,347)
|
|
(108,486)
|
|
(101,270)
|
|
|
Gross profit
|
12,116
|
|
11,975
|
|
12,254
|
|
24,091
|
|
23,702
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
(2,952)
|
|
(2,763)
|
|
(2,745)
|
|
(5,715)
|
|
(5,353)
|
|
|
Selling, general and administrative
4
|
(3,945)
|
|
(3,987)
|
|
(3,620)
|
|
(7,932)
|
|
(7,255)
|
|
|
Total operating expenses
|
(6,897)
|
|
(6,750)
|
|
(6,365)
|
|
(13,647)
|
|
(12,608)
|
|
|
Operating income
|
5,219
|
|
5,225
|
|
5,889
|
|
10,444
|
|
11,094
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
(365)
|
|
(435)
|
|
(532)
|
|
(800)
|
|
(1,059)
|
|
|
Foreign exchange gain (loss)
|
(201)
|
|
2,891
|
|
(238)
|
|
2,690
|
|
643
|
|
|
Gain (loss) on valuation of financial assets and liabilities
|
800
|
|
(3,964)
|
|
858
|
|
(3,164)
|
|
498
|
|
|
Gain
(loss) on equity-method investments
4,5
|
253
|
|
(171)
|
|
541
|
|
82
|
|
645
|
|
|
Others
|
5,684
|
|
299
|
|
(438)
|
|
5,983
|
|
(367)
|
|
|
Total non-operating income (expenses)
|
6,171
|
|
(1,380)
|
|
191
|
|
4,791
|
|
360
|
|
|
Income before tax
|
11,390
|
|
3,845
|
|
6,080
|
|
15,235
|
|
11,454
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
(3,207)
|
|
(886)
|
|
(1,523)
|
|
(4,093)
|
|
(2,841)
|
|
|
Income from continuing operations and
before non-controlling interest
|
8,183
|
|
2,959
|
|
4,557
|
|
11,142
|
|
8,613
|
|
|
Non-controlling interest
|
(336)
|
|
(400)
|
|
(255)
|
|
(736)
|
|
(429)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders
of the parent
|
7,847
|
|
2,559
|
|
4,302
|
|
10,406
|
|
8,184
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share data:
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per share
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$0.97
|
|
NT$0.33
|
|
NT$0.56
|
|
NT$1.32
|
|
NT$1.07
|
|
|
– Diluted
|
NT$0.89
|
|
NT$0.29
|
|
NT$0.47
|
|
NT$1.22
|
|
NT$0.87
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.160
|
|
US$0.053
|
|
US$0.087
|
|
US$0.214
|
|
US$0.163
|
|
|
– Diluted
|
US$0.148
|
|
US$0.047
|
|
US$0.072
|
|
US$0.199
|
|
US$0.132
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in
diluted EPS calculation (in thousands)
|
8,604,623
|
|
7,931,315
|
|
8,238,396
|
|
8,121,989
|
|
8,272,966
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$ per US$1)
|
30.18
|
|
31.20
|
|
32.40
|
|
30.69
|
|
32.74
|
|
4
As
of June 30, 2017, we have completed the identification of the difference between the cost of the investment and our share of the
net fair value of subsidiary and associates’ identifiable assets and liabilities. Accordingly, we retrospectively adjusted
the provisional amounts recognized at the acquisition dates in May , July and November 2016, respectively.
5
As of September 30, 2016, we
have completed the identification of the difference between the cost of the investment and our share of the net fair value of
SPIL’s identifiable assets and liabilities. Accordingly, we retrospectively adjusted the provisional amounts recognized
at the acquisition dates in September 2015, March and April 2016, respectively.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of
Comprehensive Income Data – IC ATM
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months ended
|
|
For the six months ended
|
|
|
Jun. 30
2017
|
|
Mar. 31
2017
|
|
Jun. 30
2016
|
|
Jun. 30
2017
|
|
Jun. 30
2016
|
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
31,718
|
|
31,061
|
|
31,180
|
|
62,779
|
|
59,777
|
|
|
Testing
|
6,350
|
|
6,365
|
|
6,502
|
|
12,715
|
|
12,497
|
|
|
Direct Material
|
960
|
|
935
|
|
801
|
|
1,895
|
|
1,732
|
|
|
Others
|
20
|
|
24
|
|
21
|
|
44
|
|
41
|
|
|
Total net revenues
|
39,048
|
|
38,385
|
|
38,504
|
|
77,433
|
|
74,047
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(30,021)
|
|
(29,552)
|
|
(28,945)
|
|
(59,573)
|
|
(56,656)
|
|
|
Gross profit
|
9,027
|
|
8,833
|
|
9,559
|
|
17,860
|
|
17,391
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
(2,113)
|
|
(2,000)
|
|
(2,021)
|
|
(4,113)
|
|
(3,943)
|
|
|
Selling, general and administrative
|
(2,812)
|
|
(2,850)
|
|
(2,623)
|
|
(5,662)
|
|
(5,311)
|
|
|
Total operating expenses
|
(4,925)
|
|
(4,850)
|
|
(4,644)
|
|
(9,775)
|
|
(9,254)
|
|
|
Operating income
|
4,102
|
|
3,983
|
|
4,915
|
|
8,085
|
|
8,137
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
(443)
|
|
(498)
|
|
(576)
|
|
(941)
|
|
(1,180)
|
|
|
Foreign exchange gain (loss)
|
(162)
|
|
2,868
|
|
(306)
|
|
2,706
|
|
528
|
|
|
Gain (loss) on valuation of financial assets and liabilities
|
522
|
|
(4,072)
|
|
828
|
|
(3,550)
|
|
567
|
|
|
Gain (loss) on equity-method investments
4,5
|
5,410
|
|
601
|
|
1,144
|
|
6,011
|
|
2,293
|
|
|
Others
|
33
|
|
325
|
|
(397)
|
|
358
|
|
(273)
|
|
|
Total non-operating income (expenses)
|
5,360
|
|
(776)
|
|
693
|
|
4,584
|
|
1,935
|
|
|
Income before tax
|
9,462
|
|
3,207
|
|
5,608
|
|
12,669
|
|
10,072
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
(1,541)
|
|
(570)
|
|
(1,266)
|
|
(2,111)
|
|
(1,795)
|
|
|
Income from continuing operations and
before non-controlling interest
|
7,921
|
|
2,637
|
|
4,342
|
|
10,558
|
|
8,277
|
|
|
Non-controlling interest
|
(74)
|
|
(78)
|
|
(40)
|
|
(152)
|
|
(93)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to
shareholders of the
parent
|
7,847
|
|
2,559
|
|
4,302
|
|
10,406
|
|
8,184
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 six months ended
|
|
|
Jun. 30
2017
|
|
Mar. 31
2017
|
|
Jun. 30
2016
|
|
Jun. 30
2017
|
|
Jun. 30
2016
|
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
28,248
|
|
29,363
|
|
24,886
|
|
57,611
|
|
49,674
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(25,127)
|
|
(26,249)
|
|
(22,326)
|
|
(51,376)
|
|
(45,107)
|
|
|
Gross profit
|
3,121
|
|
3,114
|
|
2,560
|
|
6,235
|
|
4,567
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
(859)
|
|
(780)
|
|
(742)
|
|
(1,639)
|
|
(1,452)
|
|
|
Selling, general and administrative
|
(1,126)
|
|
(1,101)
|
|
(996)
|
|
(2,227)
|
|
(1,916)
|
|
|
Total operating expenses
|
(1,985)
|
|
(1,881)
|
|
(1,738)
|
|
(3,866)
|
|
(3,368)
|
|
|
Operating income
|
1,136
|
|
1,233
|
|
822
|
|
2,369
|
|
1,199
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
Total non-operating income
|
366
|
|
217
|
|
190
|
|
583
|
|
268
|
|
|
Income before tax
|
1,502
|
|
1,450
|
|
1,012
|
|
2,952
|
|
1,467
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
(284)
|
|
(303)
|
|
(205)
|
|
(587)
|
|
(286)
|
|
|
Income from continuing operations and
before non-controlling interest
|
1,218
|
|
1,147
|
|
807
|
|
2,365
|
|
1,181
|
|
|
Non-controlling interest
|
(289)
|
|
(313)
|
|
(204)
|
|
(602)
|
|
(312)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to
shareholders
of the parent
|
929
|
|
834
|
|
603
|
|
1,763
|
|
869
|
|
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
|
As of Jun. 30, 2017
|
|
As of Mar. 31, 2017
|
|
|
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
43,891
|
|
|
|
42,474
|
|
|
Financial assets – current
|
|
|
4,138
|
|
|
|
3,720
|
|
|
Notes and accounts receivable
|
|
|
46,156
|
|
|
|
43,728
|
|
|
Inventories
|
|
|
42,818
|
|
|
|
42,616
|
|
|
Others
|
|
|
10,001
|
|
|
|
3,835
|
|
|
Total current assets
|
|
|
147,004
|
|
|
|
136,373
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets – non current & Investments – equity method
|
|
|
50,878
|
|
|
|
52,183
|
|
|
Property plant and equipment
|
|
|
140,378
|
|
|
|
140,072
|
|
|
Intangible assets
|
|
|
11,885
|
|
|
|
11,907
|
|
|
Prepaid lease payments
|
|
|
2,065
|
|
|
|
2,081
|
|
|
Others
|
|
|
4,413
|
|
|
|
4,901
|
|
|
Total assets
|
|
|
356,623
|
|
|
|
347,517
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
|
14,209
|
|
|
|
13,400
|
|
|
Current portion of bonds payable
|
|
|
15,236
|
|
|
|
15,179
|
|
|
Current portion of long-term borrowings & capital lease obligations
|
|
|
7,454
|
|
|
|
7,218
|
|
|
Notes and accounts payable
|
|
|
32,471
|
|
|
|
30,621
|
|
|
Others
|
|
|
43,765
|
|
|
|
32,173
|
|
|
Total current liabilities
|
|
|
113,135
|
|
|
|
98,591
|
|
|
|
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
25,845
|
|
|
|
28,476
|
|
|
Long-term borrowings & capital lease obligations
|
|
|
28,823
|
|
|
|
33,639
|
|
|
Other liabilities
|
|
|
9,757
|
|
|
|
10,053
|
|
|
Total liabilities
|
|
|
177,560
|
|
|
|
170,759
|
|
|
Shareholders of the parent
|
|
|
166,838
|
|
|
|
164,840
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlling interest
|
|
|
12,225
|
|
|
|
11,918
|
|
|
Total liabilities & shareholders’ equity
|
|
|
356,623
|
|
|
|
347,517
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.30
|
|
|
|
1.38
|
|
|
Net Debt to Equity
|
|
|
0.24
|
|
|
|
0.29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|