TAIPEI, Taiwan, Feb. 1, 2018 /PRNewswire/ -- 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$83,986 million for
the fourth quarter of 2017 (4Q17), up by 9% year-over-year and up
by 14% sequentially. Net income attributable to shareholders
of the parent for the quarter totaled NT$6,246 million, down from a net income
attributable to shareholders of the parent of NT$7,957 million in 4Q16 and down from a net
income attributable to shareholders of the parent of NT$6,336 million in 3Q17. Basic earnings
per share for the quarter were NT$0.74 (or US$0.123 per ADS), compared to basic earnings per
share of NT$1.04 for 4Q16 and
NT$0.76 for 3Q17. Diluted earnings
per share for the quarter were NT$0.71 (or US$0.118 per ADS), compared to diluted earnings
per share of NT$0.88 for 4Q16 and
NT$0.69 for 3Q17.
For the full year of 2017, the Company reported net revenues of
NT$290,441 million and net income
attributable to shareholders of the parent of NT$22,988 million. Basic earnings per share
for the full year of 2017 were NT$2.82 (or US$0.463 per ADS). Diluted earnings per
share for the full year of 2017 were NT$2.62 (or US$0.430 per ADS).
RESULTS OF OPERATIONS
4Q17 Results Highlights – Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations, substrates sold to third parties and
others, each represented approximately 39%, 8%, 52%, 1% and 0%,
respectively, of total net revenues for the quarter.
- Cost of revenue was NT$69,193
million for the quarter, up from NT$60,030 million in 3Q17.
-
- Raw material cost totaled NT$44,775
million for the quarter, representing 53% of total net
revenues.
- Labor cost totaled NT$9,140
million for the quarter, representing 11% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$7,020 million for the
quarter.
- Gross margin decreased 1.1 percentage points to 17.6% in 4Q17
from 18.7% in 3Q17.
- Operating margin was 9.2% in 4Q17 compared to 9.6% in
3Q17.
- In terms of non-operating items:
-
- Net interest expense was NT$318
million.
- Net foreign exchange gain of NT$780
million was primarily attributable to the depreciation of
the U.S. dollar against the NT dollar.
- Loss on valuation of financial assets and liabilities was
NT$216 million.
- Net gain on equity-method investments was NT$29 million, including NT$134 million of the share of profit from our
investment in Siliconware Precision Industries Co., Ltd.
- Other net non-operating expenses of NT$102 million were primarily related to
miscellaneous expenses. Total non-operating income for the quarter
was NT$173 million.
- Income before tax was NT$7,879
million for 4Q17, compared to NT$7,815 million in 3Q17. We recorded income tax
expenses of NT$1,085 million for the
quarter, compared to NT$1,083 million
in 3Q17.
- In 4Q17, net income attributable to shareholders of the parent
was NT$6,246 million, compared to net
income attributable to shareholders of the parent of NT$7,957 million in 4Q16 and net income
attributable to shareholders of the parent of NT$6,336 million in 3Q17.
- Our total number of shares outstanding at the end of the
quarter was 8,737,306,664, including treasury stock owned by our
subsidiaries. Our 4Q17 basic earnings per share of NT$0.74 (or US$0.123 per ADS) were based on 8,467,256,132
weighted average number of shares outstanding in 4Q17. Our 4Q17
diluted earnings per share of NT$0.71
(or US$0.118 per ADS) were based on
8,632,468,652 weighted average number of shares outstanding in
4Q17.
4Q17 Results Highlights – IC ATM[2]
- Cost of revenues was NT$30,932
million for the quarter, down by 1.4% sequentially.
-
- Raw material cost totaled NT$9,392
million for the quarter, representing 23% of total net
revenues.
- Labor cost totaled NT$7,769
million for the quarter, representing 19% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$6,487 million for the
quarter.
- Gross margin increased 0.9 percentage points to 26.0% in 4Q17
from 25.1% in 3Q17.
- Operating margin was 14.4% in 4Q17 compared to 13.7% in
3Q17.
4Q17 Results Highlights – EMS
- Cost of revenues for the quarter was NT$39,287 million, up by 32.3% sequentially.
-
- Raw material cost totaled NT$35,451
million for the quarter, representing 82% of total net
revenues.
- Labor cost totaled NT$1,336
million for the quarter, representing 3% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$433 million for the quarter.
- Gross margin decreased to 9.2% in 4Q17 from 10.3% in 3Q17.
- Operating margin were both 4.3% in 4Q17 and 3Q17.
2017 Full-Year Results Highlights – Consolidated
- Net revenues for the full year of 2017 amounted to NT$290,441 million, up by 6% from 2016. The
revenue contribution from packaging operations, testing operations,
EMS operations, substrates sold to third parties and others
represented approximately 44%, 9%, 46%, 1% and 0%, respectively, of
total net revenues for the year.
- Cost of revenue for the year of 2017 was NT$237,709 million, compared with NT$221,697 million in 2016.
-
- Raw material cost totaled NT$142,934
million for the year, representing 49% of total net
revenues.
- Labor cost totaled NT$35,978
million for the year, representing 12% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$27,703 million for the year.
- Gross margin decreased 1.1 percentage points to 18.2% in 2017
from 19.3% in 2016.
- Operating margin decreased to 8.7% in 2017 from 9.7% in
2016.
- Total non-operating income for the year was NT$5,711 million, compared to total non-operating
income of NT$1,324 million for
2016.
- Income before tax was NT$30,929
million for 2017. We recognized an income tax expense of
NT$6,261 million for the year.
- In 2017, net income attributable to shareholders of the parent
amounted to NT$22,988 million,
compared with a net income attributable to shareholders of the
parent of NT$21,643 million in
2016.
- Our total number of shares outstanding at the end of the year
was 8,737,306,664, including treasury stock owned by our
subsidiaries. Our 2017 basic earnings per share of NT$2.82 (or US$0.463 per ADS) were based on 8,160,887,369
weighted average numbers of shares outstanding in 2017. Our 2017
diluted earnings per share of NT$2.62
(or US$0.430 per ADS) were based on
8,369,240,703 weighted average number of shares outstanding in
2017.
2017 Full-Year Results Highlights – IC ATM
- Cost of revenues for the full year of 2017 was NT$121,873 million, compared with NT$120,514 million in 2016.
-
- Raw material cost totaled NT$36,953
million for the year, representing 23% of total net
revenues.
- Labor cost totaled NT$31,153
million for the year, representing 19% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$25,788 million for the year.
- Gross margin decreased to 24.3% in 2017 from 24.9% in
2016.
- Operating margin decreased to 12.3% in 2017 from 12.9% in
2016.
2017 Full-Year Results Highlights – EMS
- Cost of revenues was NT$120,354
million, up by 15.5% from 2016.
-
- Raw material cost totaled NT$106,221
million for the year, representing 79% of total net
revenues.
- Labor cost totaled NT$4,756
million for the year, representing 4% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$1,808 million for the year.
- Gross margin increased to 10.2% in 2017 from 9.8% in 2016.
- Operating margin increased to 4.2% in 2017 from 3.5% in
2016.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 4Q17 totaled US$142 million, of which US$103 million were used in packaging operations,
US$28 million in testing operations,
US$7 million in EMS operations,
US$3 million in interconnect
materials operations and US$1 million
in others.
- For the full year of 2017, we spent US$639 million for capital expenditures,
including US$468 million in packaging
operations, US$134 million in testing
operations, US$26 million in EMS
operations, US$10 million in
interconnect materials operations and US$1
million in others.
- As of December 31, 2017, total
unused credit lines amounted to NT$174,235
million.
- Current ratio was 1.37 and net debt to equity ratio was 0.12 as
of December 31, 2017.
- Total number of employees was 68,753 as of December 31, 2017, compared to 68,231 as of
September 30, 2017.
BUSINESS REVIEW
Packaging Operations[3]
- Gross margin for our packaging operations during the quarter
was 23.9%, up by 1.6 percentage points from 3Q17.
- Capital expenditures for our packaging operations amounted to
US$103 million for the quarter, of
which US$46 million were used to
purchase wafer bumping and flip chip packaging equipment, and
US$57 million were used to purchase
common equipment, SiP equipment and wirebond packaging
equipment.
Testing Operations
- Depreciation, amortization and rental expense associated with
our testing operations amounted to NT$1,645
million during the quarter, down from NT$1,659 million in 3Q17.
- In 4Q17, gross margin for our testing operations was 36.6%,
down by 1.2 percentage points from 3Q17.
- Capital expenditures for our testing operations amounted to
US$28 million during the
quarter.
EMS Operations
- In 4Q17, gross margin for our EMS operations was 9.2%, down by
1.1 percentage points from 3Q17.
- Capital expenditures for our EMS operations amounted to
US$7 million during the quarter.
Substrate Operations
- PBGA substrate manufactured by ASE amounted to NT$2,127 million for the quarter, down by
NT$51 million, or by 2.4% from 3Q17.
Of the total output of NT$2,127
million, NT$922 million was
from sales to external customers.
- Gross margin for substrate operations was 12.2% for the
quarter, down by 0.9 percentage points from 3Q17.
- In 4Q17, our internal substrate manufacturing operations
supplied 25% (by value) of our total substrate requirements.
Customers
IC ATM consolidated Basis
- Our five largest customers together accounted for approximately
34% of our total net revenues in 4Q17, compared to 36% in 3Q17. No
customer accounted for more than 10% of our total net revenues in
4Q17.
- Our top 10 customers contributed 49% of our total net revenues
for the quarter, compared to 50% in 3Q17.
- Our customers that are integrated device manufacturers or IDMs
accounted for 45% of our total net revenues for the quarter,
compared to 44% in 3Q17.
EMS Basis
- Our five largest customers together accounted for approximately
82% of our total net revenues in 4Q17, compared to 80% in 3Q17. One
customer accounted for more than 10% of our total net revenues in
4Q17.
- Our top 10 customers contributed 90% of our total net revenues
during the quarter, compared to 89% in 3Q17.
OUTLOOK
Based on our current business outlook and exchange rate
assumptions, management projects overall performance for the first
quarter of 2018 to be as follows:
- In USD terms, IC-ATM 1Q18 business should be slightly ahead of
1Q17 levels;
- Excluding foreign exchange impacts, IC-ATM 1Q18 gross margin
should also slightly improve versus 1Q17 levels;
- EMS 1Q18 business should be slightly below 3Q17 levels;
- EMS 1Q18 gross margin should be slightly above 4Q17
levels.
About ASE, Inc.
ASE, Inc. is among the
world's leading companies in semiconeuctor packaging and
testing, 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
|
4Q/17
|
3Q/17
|
4Q/16
|
Net
Revenues
|
41,794
|
41,854
|
43,463
|
Revenues by
Application
|
|
|
|
Communication
|
48%
|
49%
|
53%
|
Computer
|
11%
|
10%
|
10%
|
Automotive, Consumer
& Others
|
41%
|
41%
|
37%
|
|
Packaging
Operations
|
Amounts in NT$
Millions
|
4Q/17
|
3Q/17
|
4Q/16
|
Net
Revenues
|
34,226
|
33,897
|
35,242
|
Revenues by
Packaging Type
|
|
|
|
Bumping, Flip Chip,
WLP & SiP
|
34%
|
32%
|
32%
|
IC
Wirebonding
|
55%
|
57%
|
57%
|
Discrete and
Others
|
11%
|
11%
|
11%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
103
|
84
|
87
|
Number of
Wirebonders
|
16,076
|
16,083
|
15,897
|
|
Testing
Operations
|
Amounts in NT$
Millions
|
4Q/17
|
3Q/17
|
4Q/16
|
Net
Revenues
|
6,556
|
6,889
|
7,303
|
Revenues by
Testing Type
|
|
|
|
Final test
|
78%
|
79%
|
77%
|
Wafer sort
|
19%
|
18%
|
20%
|
Engineering
test
|
3%
|
3%
|
3%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
28
|
29
|
30
|
Number of
Testers
|
3,760
|
3,739
|
3,739
|
|
EMS
Operations
|
Amounts in NT$
Millions
|
4Q/17
|
3Q/17
|
4Q/16
|
Net
Revenues
|
43,289
|
33,100
|
34,634
|
Revenues by End
Application
|
|
|
|
Communication
|
42%
|
45%
|
53%
|
Computer
|
14%
|
14%
|
14%
|
Consumer
|
32%
|
26%
|
20%
|
Industrial
|
6%
|
8%
|
7%
|
Automotive
|
5%
|
6%
|
5%
|
Others
|
1%
|
1%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
7
|
13
|
6
|
|
|
|
|
* 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
2017
|
|
Sep. 30
2017
|
|
Dec. 31
2016
|
|
Dec. 31
2017
|
|
Dec. 31
2016
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
33,045
|
|
32,880
|
|
33,620
|
|
126,225
|
|
125,283
|
Testing
|
6,553
|
|
6,889
|
|
7,303
|
|
26,157
|
|
27,032
|
Direct
Material
|
922
|
|
948
|
|
806
|
|
3,690
|
|
3,262
|
EMS
|
43,285
|
|
33,098
|
|
34,627
|
|
133,948
|
|
115,395
|
Others
|
181
|
|
63
|
|
772
|
|
421
|
|
3,912
|
Total net
revenues
|
83,986
|
|
73,878
|
|
77,128
|
|
290,441
|
|
274,884
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues[4]
|
(69,193)
|
|
(60,030)
|
|
(61,754)
|
|
(237,709)
|
|
(221,697)
|
Gross
profit
|
14,793
|
|
13,848
|
|
15,374
|
|
52,732
|
|
53,187
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(3,046)
|
|
(2,986)
|
|
(3,091)
|
|
(11,747)
|
|
(11,391)
|
Selling, general and
administrative[4]
|
(4,041)
|
|
(3,794)
|
|
(4,153)
|
|
(15,767)
|
|
(15,136)
|
Total operating
expenses
|
(7,087)
|
|
(6,780)
|
|
(7,244)
|
|
(27,514)
|
|
(26,527)
|
Operating
income
|
7,706
|
|
7,068
|
|
8,130
|
|
25,218
|
|
26,660
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(318)
|
|
(350)
|
|
(451)
|
|
(1,468)
|
|
(1,987)
|
Foreign exchange gain
(loss)
|
780
|
|
33
|
|
(308)
|
|
3,503
|
|
1,928
|
Gain (loss) on
valuation of financial assets and liabilities
|
(216)
|
|
598
|
|
1,940
|
|
(2,782)
|
|
440
|
Gain (loss) on
equity-method investments[4]
|
29
|
|
323
|
|
422
|
|
434
|
|
1,520
|
Others
|
(102)
|
|
143
|
|
(73)
|
|
6,024
|
|
(577)
|
Total non-operating
income (expenses)
|
173
|
|
747
|
|
1,530
|
|
5,711
|
|
1,324
|
Income before
tax
|
7,879
|
|
7,815
|
|
9,660
|
|
30,929
|
|
27,984
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,085)
|
|
(1,083)
|
|
(1,274)
|
|
(6,261)
|
|
(5,091)
|
Income from continuing operations and
before noncontrolling
interest
|
6,794
|
|
6,732
|
|
8,386
|
|
24,668
|
|
22,893
|
Noncontrolling
interest
|
(548)
|
|
(396)
|
|
(429)
|
|
(1,680)
|
|
(1,250)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
6,246
|
|
6,336
|
|
7,957
|
|
22,988
|
|
21,643
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$0.74
|
|
NT$0.76
|
|
NT$1.04
|
|
NT$2.82
|
|
NT$2.82
|
– Diluted
|
NT$0.71
|
|
NT$0.69
|
|
NT$0.88
|
|
NT$2.62
|
|
NT$2.37
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.123
|
|
US$0.125
|
|
US$0.164
|
|
US$0.463
|
|
US$0.438
|
– Diluted
|
US$0.118
|
|
US$0.115
|
|
US$0.139
|
|
US$0.430
|
|
US$0.367
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in
diluted EPS calculation (in thousands)
|
8,632,469
|
|
8,624,804
|
|
8,255,657
|
|
8,369,241
|
|
8,284,129
|
|
|
|
|
|
|
|
|
|
|
Exchange rate (NT$
per US$1)
|
30.08
|
|
30.22
|
|
31.62
|
|
30.42
|
|
32.22
|
|
|
|
|
|
|
|
|
|
|
Advanced
Semiconductor Engineering, Inc.
Summary of
Consolidated Statement of Comprehensive Income Data – IC
ATM
(In NT$
millions, except per share data)
(Unaudited)
|
|
|
For the three months
ended
|
|
For the year
ended
|
|
Dec. 31
2017
|
|
Sep. 30
2017
|
|
Dec. 31
2016
|
|
Dec. 31
2017
|
|
Dec. 31
2016
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
34,226
|
|
33,897
|
|
35,242
|
|
130,902
|
|
129,851
|
Testing
|
6,556
|
|
6,889
|
|
7,303
|
|
26,160
|
|
27,032
|
Direct
Material
|
989
|
|
1,048
|
|
898
|
|
3,932
|
|
3,550
|
Others
|
23
|
|
20
|
|
20
|
|
87
|
|
83
|
Total net
revenues
|
41,794
|
|
41,854
|
|
43,463
|
|
161,081
|
|
160,516
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues4
|
(30,932)
|
|
(31,368)
|
|
(31,818)
|
|
(121,873)
|
|
(120,514)
|
Gross
profit
|
10,862
|
|
10,486
|
|
11,645
|
|
39,208
|
|
40,002
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(2,125)
|
|
(2,123)
|
|
(2,270)
|
|
(8,361)
|
|
(8,343)
|
Selling, general and
administrative4
|
(2,736)
|
|
(2,639)
|
|
(3,002)
|
|
(11,037)
|
|
(10,959)
|
Total operating
expenses
|
(4,861)
|
|
(4,762)
|
|
(5,272)
|
|
(19,398)
|
|
(19,302)
|
Operating
income
|
6,001
|
|
5,724
|
|
6,373
|
|
19,810
|
|
20,700
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(394)
|
|
(416)
|
|
(499)
|
|
(1,751)
|
|
(2,204)
|
Foreign exchange gain
(loss)
|
822
|
|
129
|
|
(432)
|
|
3,657
|
|
1,600
|
Gain (loss) on
valuation of financial assets and liabilities
|
(577)
|
|
365
|
|
1,880
|
|
(3,762)
|
|
460
|
Gain (loss) on
equity-method investments4
|
1,245
|
|
1,249
|
|
1,611
|
|
8,505
|
|
5,188
|
Others
|
2
|
|
154
|
|
105
|
|
514
|
|
(320)
|
Total non-operating
income (expenses)
|
1,098
|
|
1,481
|
|
2,665
|
|
7,163
|
|
4,724
|
Income before
tax
|
7,099
|
|
7,205
|
|
9,038
|
|
26,973
|
|
25,424
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(776)
|
|
(784)
|
|
(967)
|
|
(3,671)
|
|
(3,481)
|
Income from continuing operations and
before noncontrolling interest
|
6,323
|
|
6,421
|
|
8,071
|
|
23,302
|
|
21,943
|
Noncontrolling
interest
|
(77)
|
|
(85)
|
|
(114)
|
|
(314)
|
|
(300)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
6,246
|
|
6,336
|
|
7,957
|
|
'
22,988
|
|
21,643
|
|
|
|
|
|
|
|
|
|
|
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
2017
|
|
Sep. 30
2017
|
|
Dec. 31
2016
|
|
Dec. 31
2017
|
|
Dec. 31
2016
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
43,289
|
|
33,100
|
|
34,634
|
|
134,000
|
|
115,498
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(39,287)
|
|
(29,691)
|
|
(31,038)
|
|
(120,354)
|
|
(104,211)
|
Gross
profit
|
4,002
|
|
3,409
|
|
3,596
|
|
13,646
|
|
11,287
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(936)
|
|
(877)
|
|
(840)
|
|
(3,452)
|
|
(3,133)
|
Selling, general and
administrative
|
(1,208)
|
|
(1,101)
|
|
(1,099)
|
|
(4,536)
|
|
(4,068)
|
Total operating
expenses
|
(2,144)
|
|
(1,978)
|
|
(1,939)
|
|
(7,988)
|
|
(7,201)
|
Operating
income
|
1,858
|
|
1,431
|
|
1,657
|
|
5,658
|
|
4,086
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Total non-operating
income
|
454
|
|
235
|
|
114
|
|
1,272
|
|
606
|
Income before
tax
|
2,312
|
|
1,666
|
|
1,771
|
|
6,930
|
|
4,692
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(324)
|
|
(293)
|
|
(509)
|
|
(1,204)
|
|
(1,044)
|
Income from continuing operations and
before noncontrolling
interest
|
1,988
|
|
1,373
|
|
1,262
|
|
5,726
|
|
3,648
|
Noncontrolling
interest
|
(500)
|
|
(338)
|
|
(305)
|
|
(1,440)
|
|
(906)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
1,488
|
|
1,035
|
|
957
|
|
4,286
|
|
2,742
|
Advanced
Semiconductor Engineering, Inc.
Summary of
Consolidated Balance Sheet Data
(In NT$
millions)
(Unaudited)
|
|
|
As of Dec. 31, 2017
|
|
As of Sep. 30, 2017
|
|
|
|
|
Current
assets:
|
|
|
|
Cash and cash
equivalents
|
46,078
|
|
38,975
|
Financial assets –
current
|
5,785
|
|
3,989
|
Notes and accounts
receivable
|
55,201
|
|
51,830
|
Inventories
|
34,080
|
|
37,266
|
Others
|
3,794
|
|
7,852
|
Total current
assets
|
144,938
|
|
139,912
|
|
|
|
|
Financial assets –
non current & Investments – equity method
|
50,983
|
|
51,107
|
Property plant and
equipment
|
135,169
|
|
136,982
|
Intangible
assets
|
11,341
|
|
11,830
|
Prepaid lease
payments
|
8,851
|
|
7,810
|
Others
|
12,576
|
|
12,358
|
Total
assets
|
363,858
|
|
359,999
|
|
|
|
|
Current
liabilities:
|
|
|
|
Short-term
borrowings
|
17,962
|
|
19,638
|
Current portion of
bonds payable
|
6,161
|
|
6,137
|
Current portion of
long-term borrowings & capital lease obligations
|
8,280
|
|
6,882
|
Notes and accounts
payable
|
41,672
|
|
41,077
|
Others
|
31,546
|
|
28,665
|
Total current
liabilities
|
105,621
|
|
102,399
|
|
|
|
|
Bonds
payable
|
16,982
|
|
16,981
|
Long-term borrowings
& capital lease obligations
|
27,520
|
|
32,908
|
Other
liabilities
|
9,734
|
|
9,755
|
Total
liabilities
|
159,857
|
|
162,043
|
Shareholders of the
parent
|
190,642
|
|
185,160
|
|
|
|
|
Noncontrolling
interest
|
13,359
|
|
12,796
|
Total liabilities
& shareholders' equity
|
363,858
|
|
359,999
|
|
|
|
|
|
|
|
|
Current
Ratio
|
1.37
|
|
1.37
|
Net Debt to
Equity
|
0.12
|
|
0.20
|
|
|
|
|
[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.
|
[2]
|
ATM stands for
Semiconductor Assembly, Testing and Material.
|
[3]
|
IC packaging services
include module assembly services.
|
[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.
|
IR Contact:
Iris Wu,
Manager
|
Grace Teng,
Manager
|
irissh_wu@aseglobal.com
|
grace_teng@aseglobal.com
|
Tel:
+886.2.6636.5678
|
Tel:
+886.2.6636.5678
|
http://www.aseglobal.com
|
|
View original
content:http://www.prnewswire.com/news-releases/advanced-semiconductor-engineering-inc-reports-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-full-year-of-2017-300591721.html
SOURCE Advanced Semiconductor Engineering, Inc.