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.
|
|
|
|
|
|
|
|
|
|
Date: October 27, 2017
|
By:
|
/s/ Joseph Tung
|
|
|
Name:
|
Joseph Tung
|
|
|
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 THIRD QUARTER OF 2017
Taipei,
Taiwan, R.O.C., October 27, 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$73,878 million for the third quarter of 2017 (3Q17), up by 2% year-over-year
and up by 12% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$6,336 million, up
from a net income attributable to shareholders of the parent of NT$5,502 million in 3Q16 and down from a net income attributable
to shareholders of the parent of NT$7,847 million in 2Q17. Basic earnings per share for the quarter were NT$0.76 (or US$0.125
per ADS), compared to basic earnings per share of NT$0.72 for 3Q16 and NT$0.97 for 2Q17. Diluted earnings per share for the quarter
were NT$0.69 (or US$0.115 per ADS), compared to diluted earnings per share of NT$0.64 for 3Q16 and NT$0.89 for 2Q17.
RESULTS
OF OPERATIONS
3Q17
Results Highlights – Consolidated
|
l
|
Net revenue contribution
from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately
45%, 9%, 45%, 1% and 0%, respectively, of total net revenues for the quarter.
|
|
l
|
Cost of revenue was NT$60,030
million for the quarter, up from NT$53,910 million in 2Q17.
|
|
-
|
Raw material cost totaled NT$36,018 million
for the quarter, representing 49% of total net revenues.
|
|
-
|
Labor cost totaled NT$9,110 million for
the quarter, representing 12% of total net revenues.
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$6,938 million for the quarter.
|
|
l
|
Gross margin increased
0.4 percentage points to 18.7% in 3Q17 from 18.3% in 2Q17.
|
|
l
|
Operating margin was 9.6%
in 3Q17 compared to 7.9% in 2Q17.
|
|
l
|
In terms of non-operating
items:
|
|
-
|
Net interest expense was NT$350 million.
|
|
-
|
Net foreign exchange gain of NT$33 million
was primarily attributable to the depreciation 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.
Advanced Semiconductor Engineering, Inc.
|
|
|
-
|
Gain on valuation of financial assets and
liabilities was NT$598 million.
|
|
-
|
Net gain on equity-method investments was NT$323 million, including NT$389 million of the share
of gain from our investment in Siliconware Precision Industries Co., Ltd. (“SPIL”).
|
|
-
|
Other net non-operating income of NT$143 million were primarily related to miscellaneous income.
Total non-operating income for the quarter was NT$747 million.
|
|
l
|
Income before tax was
NT$7,815 million for 3Q17, compared to NT$11,390 million in 2Q17. We recorded income tax expenses of NT$1,083 million for the quarter,
compared to NT$3,207 million in 2Q17.
|
|
l
|
In 3Q17, net income attributable
to shareholders of the parent was NT$6,336 million, compared to net income attributable to shareholders of the parent of NT$5,502
million in 3Q16 and net income attributable to shareholders of the parent of NT$7,847 million in
2Q17
.
|
|
l
|
Our total number of shares
outstanding at the end of the quarter was 8,724,619,364, including treasury stock owned by our subsidiaries. Our 3Q17 basic earnings
per share of NT$0.76 (or US$0.125 per ADS) were based on 8,350,512,180 weighted average number of shares outstanding in 3Q17. Our
3Q17 diluted earnings per share of NT$0.69 (or US$0.115 per ADS) were based on 8,624,804,592 weighted average number of shares
outstanding in 3Q17.
|
3Q17
Results Highlights – IC ATM
2
|
l
|
Cost of revenues was NT$31,368
million for the quarter, up by 4% sequentially.
|
|
-
|
Raw material cost totaled NT$9,715 million
for the quarter, representing 23% of total net revenues.
|
|
-
|
Labor cost totaled NT$7,870 million for
the quarter, representing 19% of total net revenues.
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$6,463 million for the quarter.
|
|
l
|
Gross margin increased
2 percentage points to 25.1% in 3Q17 from 23.1% in 2Q17.
|
|
l
|
Operating margin was 13.7%
in 3Q17 compared to 10.5% in 2Q17.
|
3Q17
Results Highlights – EMS
|
l
|
Cost of revenues for the
quarter was NT$29,691 million, up by 18% sequentially.
|
|
-
|
Raw material cost totaled NT$26,400 million
for the quarter, representing 80% of total net revenues.
|
|
-
|
Labor cost totaled NT$1,226 million for
the quarter, representing 4% of total net revenues.
|
|
-
|
Depreciation, amortization and rental expenses
totaled NT$436 million for the quarter.
|
|
l
|
Gross margin decreased
to 10.3% in 3Q17 from 11.1% in
2Q17
.
|
|
l
|
Operating margin increased
to 4.3% in 3Q17 from 4.0% in
2Q17
.
|
LIQUIdiTY
AND CAPITAL RESOURCES
|
l
|
Capital expenditures in
3Q17 totaled US$130 million, of which US$84million were used in packaging operations, US$29 million in testing operations, US$13
million in EMS operations and US$4 million in interconnect materials operations.
|
|
l
|
As of September 30, 2017,
total unused credit lines amounted to NT$165,583 million.
|
|
l
|
Current ratio was 1.37
and net debt to equity ratio was 0.20 as of September 30, 2017.
|
|
l
|
Total number of employees
was 68,227 as of September 30, 2017, compared to 66,996 as of
|
2
ATM
stands for Semiconductor Assembly, Testing and Material.
Advanced Semiconductor Engineering, Inc.
|
|
June
30, 2017.
Business
Review
Packaging
Operations
3
|
l
|
Gross margin for our packaging
operations during the quarter was 22.3%, up by 1.7 percentage points from 2Q17.
|
|
l
|
Capital expenditures for
our packaging operations amounted to US$84 million for the quarter, of which US$30 million were used in purchases of wafer bumping
and flip chip packaging equipment, and US$54 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$1,659 million during the quarter, down from NT$1,673 million
in 2Q17.
|
|
l
|
Gross margin for our testing
operations amounted to 37.8% during the quarter, up by 3.6 percentage points from 2Q17.
|
|
l
|
Capital expenditures for
our testing operations amounted to US$29 million during the quarter.
|
EMS
Operations
|
l
|
Gross margin for our EMS
operations amounted to 10.3% during the quarter, down by 0.8 percentage points from 2Q17.
|
|
l
|
Capital expenditures for
our EMS operations amounted to US$13 million during the quarter.
|
Substrate
Operations
|
l
|
PBGA substrate manufactured
by ASE amounted to NT$2,178 million for the quarter, up by NT$34 million, or by 2% from 2Q17. Of the total output of NT$2,178 million,
NT$948 million was from sales to external customers.
|
|
l
|
Gross margin for substrate
operations was 13.1% for the quarter, down by 1.3 percentage points from 2Q17.
|
|
l
|
In 3Q17, our internal
substrate manufacturing operations supplied 25% (by value) of our total substrate requirements.
|
Customers
IC
ATM consolidated Basis
|
l
|
Our five largest customers
together accounted for approximately 36% of our total net revenues for the quarter and in 2Q17. One customer accounted for more
than 10% of our total net revenues in 3Q17.
|
|
l
|
Our top 10 customers contributed
50% of our total net revenues for the quarter, compared to 51% in 2Q17.
|
|
l
|
Our customers that are
integrated device manufacturers, or IDMs, accounted for 44% of our total net revenues for the quarter, compared to 43% in 2Q17.
|
EMS
Basis
|
l
|
Our five largest customers
together accounted for approximately 80% of our total net revenues in 3Q17, compared to 79% in 2Q17. One customer accounted for
more than 10%
|
3
IC
packaging services include module assembly services.
Advanced Semiconductor Engineering, Inc.
|
|
of
our total net revenues in 3Q17.
|
l
|
Our top 10 customers contributed
89% of our total net revenues during the quarter, which remained the same as 2Q17.
|
outlook
Based on our current business outlook and
exchange rate assumptions, management projects overall performance for the fourth quarter of 2017 to be as follows:
|
l
|
IC ATM 4Q17 business and gross margin should both
be similar with 3Q17 level;
|
|
l
|
EMS 4Q17 business should be similar with IC ATM 4Q17
level;
|
|
l
|
EMS 4Q17 gross margin
should be above 1Q16 level.
|
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
|
3Q/17
|
2Q/17
|
3Q/16
|
Net
Revenues
|
41,854
|
39,048
|
43,006
|
Revenues
by Application
|
|
|
|
Communication
|
49%
|
48%
|
53%
|
Computer
|
10%
|
11%
|
12%
|
Automotive, Consumer & Others
|
41%
|
41%
|
35%
|
Packaging
Operations
Amounts in NT$ Millions
|
3Q/17
|
2Q/17
|
3Q/16
|
Net
Revenues
|
33,897
|
31,718
|
34,832
|
Revenues
by Packaging Type
|
|
|
|
Bumping, Flip Chip, WLP & SiP
|
32%
|
31%
|
33%
|
IC Wirebonding
|
57%
|
58%
|
57%
|
Discrete and Others
|
11%
|
11%
|
10%
|
Capacity
|
|
|
|
CapEx (US$ Millions)*
|
84
|
161
|
112
|
Number of Wirebonders
|
16,083
|
16,118
|
15,905
|
Testing
Operations
Amounts in NT$ Millions
|
3Q/17
|
2Q/17
|
3Q/16
|
Net
Revenues
|
6,889
|
6,350
|
7,232
|
Revenues
by Testing Type
|
|
|
|
Final test
|
79%
|
83%
|
75%
|
Wafer sort
|
18%
|
14%
|
21%
|
Engineering test
|
3%
|
3%
|
4%
|
Capacity
|
|
|
|
CapEx (US$ Millions)*
|
29
|
47
|
57
|
Number of Testers
|
3,739
|
3,796
|
3,725
|
EMS
Operations
Amounts in NT$ Millions
|
3Q/17
|
2Q/17
|
3Q/16
|
Net
Revenues
|
33,100
|
28,248
|
31,190
|
Revenues
by End Application
|
|
|
|
Communication
|
45%
|
48%
|
51%
|
Computer
|
14%
|
17%
|
16%
|
Consumer
|
26%
|
20%
|
20%
|
Industrial
|
8%
|
8%
|
7%
|
Automotive
|
6%
|
6%
|
5%
|
Others
|
1%
|
1%
|
1%
|
Capacity
|
|
|
|
CapEx (US$ Millions)*
|
13
|
4
|
10
|
*
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 nine months ended
|
|
|
Sep. 30
2017
|
|
Jun. 30
2017
|
|
Sep. 30
2016
|
|
Sep. 30
2017
|
|
Sep. 30
2016
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
32,880
|
|
|
|
30,494
|
|
|
|
33,449
|
|
|
|
93,180
|
|
|
|
91,663
|
|
Testing
|
|
|
6,889
|
|
|
|
6,350
|
|
|
|
7,231
|
|
|
|
19,604
|
|
|
|
19,729
|
|
Direct Material
|
|
|
948
|
|
|
|
928
|
|
|
|
805
|
|
|
|
2,768
|
|
|
|
2,456
|
|
EMS
|
|
|
33,098
|
|
|
|
28,210
|
|
|
|
31,174
|
|
|
|
90,663
|
|
|
|
80,768
|
|
Others
|
|
|
63
|
|
|
|
44
|
|
|
|
125
|
|
|
|
240
|
|
|
|
3,140
|
|
Total net revenues
|
|
|
73,878
|
|
|
|
66,026
|
|
|
|
72,784
|
|
|
|
206,455
|
|
|
|
197,756
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
4
|
|
|
(60,030
|
)
|
|
|
(53,910
|
)
|
|
|
(58,673
|
)
|
|
|
(168,516
|
)
|
|
|
(159,943
|
)
|
Gross profit
|
|
|
13,848
|
|
|
|
12,116
|
|
|
|
14,111
|
|
|
|
37,939
|
|
|
|
37,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(2,986
|
)
|
|
|
(2,952
|
)
|
|
|
(2,947
|
)
|
|
|
(8,701
|
)
|
|
|
(8,300
|
)
|
Selling, general and administrative
4
|
|
|
(3,794
|
)
|
|
|
(3,945
|
)
|
|
|
(3,728
|
)
|
|
|
(11,726
|
)
|
|
|
(10,983
|
)
|
Total operating expenses
|
|
|
(6,780
|
)
|
|
|
(6,897
|
)
|
|
|
(6,675
|
)
|
|
|
(20,427
|
)
|
|
|
(19,283
|
)
|
Operating income
|
|
|
7,068
|
|
|
|
5,219
|
|
|
|
7,436
|
|
|
|
17,512
|
|
|
|
18,530
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense – net
|
|
|
(350
|
)
|
|
|
(365
|
)
|
|
|
(478
|
)
|
|
|
(1,150
|
)
|
|
|
(1,536
|
)
|
Foreign exchange gain (loss)
|
|
|
33
|
|
|
|
(201
|
)
|
|
|
1,593
|
|
|
|
2,723
|
|
|
|
2,236
|
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
598
|
|
|
|
800
|
|
|
|
(1,998
|
)
|
|
|
(2,566
|
)
|
|
|
(1,500
|
)
|
Gain (loss) on equity-method investments
4
|
|
|
323
|
|
|
|
253
|
|
|
|
454
|
|
|
|
405
|
|
|
|
1,098
|
|
Others
|
|
|
143
|
|
|
|
5,684
|
|
|
|
(137
|
)
|
|
|
6,126
|
|
|
|
(504
|
)
|
Total non-operating income (expenses)
|
|
|
747
|
|
|
|
6,171
|
|
|
|
(566
|
)
|
|
|
5,538
|
|
|
|
(206
|
)
|
Income before tax
|
|
|
7,815
|
|
|
|
11,390
|
|
|
|
6,870
|
|
|
|
23,050
|
|
|
|
18,324
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(1,083
|
)
|
|
|
(3,207
|
)
|
|
|
(976
|
)
|
|
|
(5,176
|
)
|
|
|
(3,817
|
)
|
Income from continuing operations and before non-controlling interest
|
|
|
6,732
|
|
|
|
8,183
|
|
|
|
5,894
|
|
|
|
17,874
|
|
|
|
14,507
|
|
Non-controlling interest
|
|
|
(396
|
)
|
|
|
(336
|
)
|
|
|
(392
|
)
|
|
|
(1,132
|
)
|
|
|
(821
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
6,336
|
|
|
|
7,847
|
|
|
|
5,502
|
|
|
|
16,742
|
|
|
|
13,686
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
NT$0.76
|
|
|
|
NT$0.97
|
|
|
|
NT$0.72
|
|
|
|
NT$2.08
|
|
|
|
NT$1.79
|
|
– Diluted
|
|
|
NT$0.69
|
|
|
|
NT$0.89
|
|
|
|
NT$0.64
|
|
|
|
NT$1.89
|
|
|
|
NT$1.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
US$0.125
|
|
|
|
US$0.160
|
|
|
|
US$0.113
|
|
|
|
US$0.340
|
|
|
|
US$0.276
|
|
– Diluted
|
|
|
US$0.115
|
|
|
|
US$0.148
|
|
|
|
US$0.101
|
|
|
|
US$0.310
|
|
|
|
US$0.231
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in diluted EPS calculation (in thousands)
|
|
|
8,624,804
|
|
|
|
8,604,623
|
|
|
|
8,252,369
|
|
|
|
8,266,095
|
|
|
|
8,272,939
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$ per US$1)
|
|
|
30.22
|
|
|
|
30.18
|
|
|
|
31.78
|
|
|
|
30.54
|
|
|
|
32.42
|
|
4
As
of September 30, 2017, we have completed the identification of the difference between the cost of the investment and our share
of the net fair value of subsidiary and associates’ identifiable assets and liabilities. Accordingly, we retrospectively
adjusted the provisional amounts recognized at the acquisition dates in May , July and November 2016, respectively.
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of
Comprehensive Income Data – IC ATM
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months ended
|
|
For the nine months ended
|
|
|
Sep. 30
2017
|
|
Jun. 30
2017
|
|
Sep. 30
2016
|
|
Sep. 30
2017
|
|
Sep. 30
2016
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
33,897
|
|
|
|
31,718
|
|
|
|
34,832
|
|
|
|
96,676
|
|
|
|
94,609
|
|
Testing
|
|
|
6,889
|
|
|
|
6,350
|
|
|
|
7,232
|
|
|
|
19,604
|
|
|
|
19,729
|
|
Direct Material
|
|
|
1,048
|
|
|
|
960
|
|
|
|
920
|
|
|
|
2,943
|
|
|
|
2,652
|
|
Others
|
|
|
20
|
|
|
|
20
|
|
|
|
22
|
|
|
|
64
|
|
|
|
63
|
|
Total net revenues
|
|
|
41,854
|
|
|
|
39,048
|
|
|
|
43,006
|
|
|
|
119,287
|
|
|
|
117,053
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
4
|
|
|
(31,368
|
)
|
|
|
(30,021
|
)
|
|
|
(32,040
|
)
|
|
|
(90,941
|
)
|
|
|
(88,696
|
)
|
Gross profit
|
|
|
10,486
|
|
|
|
9,027
|
|
|
|
10,966
|
|
|
|
28,346
|
|
|
|
28,357
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(2,123
|
)
|
|
|
(2,113
|
)
|
|
|
(2,130
|
)
|
|
|
(6,236
|
)
|
|
|
(6,073
|
)
|
Selling, general and administrative
4
|
|
|
(2,639
|
)
|
|
|
(2,812
|
)
|
|
|
(2,646
|
)
|
|
|
(8,301
|
)
|
|
|
(7,957
|
)
|
Total operating expenses
|
|
|
(4,762
|
)
|
|
|
(4,925
|
)
|
|
|
(4,776
|
)
|
|
|
(14,537
|
)
|
|
|
(14,030
|
)
|
Operating income
|
|
|
5,724
|
|
|
|
4,102
|
|
|
|
6,190
|
|
|
|
13,809
|
|
|
|
14,327
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(416
|
)
|
|
|
(443
|
)
|
|
|
(525
|
)
|
|
|
(1,357
|
)
|
|
|
(1,705
|
)
|
Foreign exchange gain (loss)
|
|
|
129
|
|
|
|
(162
|
)
|
|
|
1,504
|
|
|
|
2,835
|
|
|
|
2,032
|
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
365
|
|
|
|
522
|
|
|
|
(1,987
|
)
|
|
|
(3,185
|
)
|
|
|
(1,420
|
)
|
Gain (loss) on equity-method investments
4
|
|
|
1,249
|
|
|
|
5,410
|
|
|
|
1,284
|
|
|
|
7,260
|
|
|
|
3,577
|
|
Others
|
|
|
154
|
|
|
|
33
|
|
|
|
(152
|
)
|
|
|
512
|
|
|
|
(425
|
)
|
Total non-operating income (expenses)
|
|
|
1,481
|
|
|
|
5,360
|
|
|
|
124
|
|
|
|
6,065
|
|
|
|
2,059
|
|
Income before tax
|
|
|
7,205
|
|
|
|
9,462
|
|
|
|
6,314
|
|
|
|
19,874
|
|
|
|
16,386
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(784
|
)
|
|
|
(1,541
|
)
|
|
|
(719
|
)
|
|
|
(2,895
|
)
|
|
|
(2,514
|
)
|
Income from continuing operations and before non-controlling interest
|
|
|
6,421
|
|
|
|
7,921
|
|
|
|
5,595
|
|
|
|
16,979
|
|
|
|
13,872
|
|
Non-controlling interest
|
|
|
(85
|
)
|
|
|
(74
|
)
|
|
|
(93
|
)
|
|
|
(237
|
)
|
|
|
(186
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
6,336
|
|
|
|
7,847
|
|
|
|
5,502
|
|
|
|
16,742
|
|
|
|
13,686
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
2017
|
|
Jun. 30
2017
|
|
Sep. 30
2016
|
|
Sep. 30
2017
|
|
Sep. 30
2016
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
|
|
33,100
|
|
|
|
28,248
|
|
|
|
31,190
|
|
|
|
90,711
|
|
|
|
80,864
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(29,691
|
)
|
|
|
(25,127
|
)
|
|
|
(28,066
|
)
|
|
|
(81,067
|
)
|
|
|
(73,173
|
)
|
Gross profit
|
|
|
3,409
|
|
|
|
3,121
|
|
|
|
3,124
|
|
|
|
9,644
|
|
|
|
7,691
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(877
|
)
|
|
|
(859
|
)
|
|
|
(841
|
)
|
|
|
(2,516
|
)
|
|
|
(2,293
|
)
|
Selling, general and administrative
|
|
|
(1,101
|
)
|
|
|
(1,126
|
)
|
|
|
(1,053
|
)
|
|
|
(3,328
|
)
|
|
|
(2,969
|
)
|
Total operating expenses
|
|
|
(1,978
|
)
|
|
|
(1,985
|
)
|
|
|
(1,894
|
)
|
|
|
(5,844
|
)
|
|
|
(5,262
|
)
|
Operating income
|
|
|
1,431
|
|
|
|
1,136
|
|
|
|
1,230
|
|
|
|
3,800
|
|
|
|
2,429
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total non-operating income
|
|
|
235
|
|
|
|
366
|
|
|
|
224
|
|
|
|
818
|
|
|
|
492
|
|
Income before tax
|
|
|
1,666
|
|
|
|
1,502
|
|
|
|
1,454
|
|
|
|
4,618
|
|
|
|
2,921
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(293
|
)
|
|
|
(284
|
)
|
|
|
(249
|
)
|
|
|
(880
|
)
|
|
|
(535
|
)
|
Income from continuing operations and before non-controlling interest
|
|
|
1,373
|
|
|
|
1,218
|
|
|
|
1,205
|
|
|
|
3,738
|
|
|
|
2,386
|
|
Non-controlling interest
|
|
|
(338
|
)
|
|
|
(289
|
)
|
|
|
(289
|
)
|
|
|
(940
|
)
|
|
|
(601
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to shareholders of the parent
|
|
|
1,035
|
|
|
|
929
|
|
|
|
916
|
|
|
|
2,798
|
|
|
|
1,785
|
|
Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
|
As of Sep. 30, 2017
|
|
As of Jun. 30, 2017
|
|
|
|
|
|
Current assets:
|
|
|
|
|
Cash and cash equivalents
|
|
|
38,975
|
|
|
|
43,891
|
|
Financial assets – current
|
|
|
3,989
|
|
|
|
4,138
|
|
Notes and accounts receivable
|
|
|
51,830
|
|
|
|
46,156
|
|
Inventories
|
|
|
37,266
|
|
|
|
42,818
|
|
Others
|
|
|
7,852
|
|
|
|
10,001
|
|
Total current assets
|
|
|
139,912
|
|
|
|
147,004
|
|
|
|
|
|
|
|
|
|
|
Financial assets – non current & Investments – equity method
|
|
|
51,107
|
|
|
|
50,878
|
|
Property plant and equipment
|
|
|
136,982
|
|
|
|
140,378
|
|
Intangible assets
|
|
|
11,830
|
|
|
|
11,885
|
|
Prepaid lease payments
|
|
|
7,810
|
|
|
|
2,065
|
|
Others
|
|
|
12,358
|
|
|
|
4,413
|
|
Total assets
|
|
|
359,999
|
|
|
|
356,623
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
|
19,638
|
|
|
|
14,209
|
|
Current portion of bonds payable
|
|
|
6,137
|
|
|
|
15,236
|
|
Current portion of long-term borrowings & capital lease obligations
|
|
|
6,882
|
|
|
|
7,454
|
|
Notes and accounts payable
|
|
|
41,077
|
|
|
|
32,471
|
|
Others
|
|
|
28,665
|
|
|
|
43,765
|
|
Total current liabilities
|
|
|
102,399
|
|
|
|
113,135
|
|
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
16,981
|
|
|
|
25,845
|
|
Long-term borrowings & capital lease obligations
|
|
|
32,908
|
|
|
|
28,823
|
|
Other liabilities
|
|
|
9,755
|
|
|
|
9,757
|
|
Total liabilities
|
|
|
162,043
|
|
|
|
177,560
|
|
Shareholders of the parent
|
|
|
185,160
|
|
|
|
166,838
|
|
|
|
|
|
|
|
|
|
|
Non-controlling interest
|
|
|
12,796
|
|
|
|
12,225
|
|
Total liabilities & shareholders’ equity
|
|
|
359,999
|
|
|
|
356,623
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.37
|
|
|
|
1.30
|
|
Net Debt to Equity
|
|
|
0.20
|
|
|
|
0.24
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|