TAIPEI, Taiwan, July 27, 2018 /PRNewswire/ -- ASE Technology
Holding Co., Ltd. (TAIEX: 3711, NYSE: ASX) ("We", "ASEH", or the
"Company") was jointly established by Advanced Semiconductor
Engineering, Inc. ("ASE") and Siliconware Precision Industries Co.,
Ltd. ("SPIL") on April 30, 2018.
The financial results for second quarter of 2018 (2Q18)
reflect operations of ASE starting from April 1, 2018 and operations of ASEH starting
from April 30, 2018. The
financial results for 1Q2018 and 2Q2017 reflect the operations of
ASE and its subsidiaries prior to the establishment of the Company.
As a result, the Company's financial results for 2Q18 may not
be comparable to those of 1Q2018 and 2Q2017. ASEH, the
leading provider of semiconductor manufacturing services in
assembly and test, today reported unaudited net revenues[1] of
NT$84,501 million for 2Q18, up by 28%
year-over-year and up by 30% sequentially. Net income
attributable to shareholders of the parent for the quarter totaled
NT$11,463 million, up from a net
income attributable to shareholders of the parent of NT$7,847 million in 2Q17 and up from a net income
attributable to shareholders of the parent of NT$2,096 million in 1Q18. Basic earnings
per share for the quarter were NT$2.70 (or US$0.183 per ADS), compared to adjusted basic
earnings per share of NT$1.93 for
2Q17 and NT$0.49 for 1Q18.
Diluted earnings per share for the quarter were NT$2.69 (or US$0.182 per ADS), compared to adjusted diluted
earnings per share of NT$1.78 for
2Q17 and NT$0.48 for 1Q18.
[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.
|
RESULTS OF OPERATIONS
2Q18 Results Highlights - Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations and others, each represented
approximately 52%, 10%, 36% and 2%, respectively, of total net
revenues for the quarter.
- Cost of revenue was NT$70,791
million for the quarter, up from NT$54,578 million in 1Q18.
-
- Raw material cost totaled NT$39,107
million for the quarter, representing 46% of total net
revenues.
- Labor cost totaled NT$11,673
million for the quarter, representing 14% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$10,196 million for the
quarter.
- Gross margin increased 0.2 percentage points to 16.2% in 2Q18
from 16.0% in 1Q18.
- Operating margin was 6.4% in 2Q18 compared to 6.6% in
1Q18.
- In terms of non-operating items:
-
- Net interest expense was NT$819
million.
- Net foreign exchange loss of NT$1,469
million was primarily attributable to the appreciation of
U.S. dollar against NT dollar.
- Gain on valuation of financial assets and liabilities was
NT$2,341 million.
- Net loss on equity-method investments was NT$201 million, including NT$67 million of the share of loss from our
investment in Siliconware Precision Industries Co., Ltd. in
April when it was accounted for using the equity method before the
establishment of the Company.
- Other net non-operating income of NT$7,681 million were primarily attributable to
gain on revaluation of acquired subsidiary and miscellaneous
income. Total non-operating income for the quarter was
NT$7,533 million.
- Income before tax was NT$12,920
million for 2Q18, compared to NT$3,776 million in 1Q18. We recorded
income tax expenses of NT$1,268
million for the quarter, compared to NT$1,420 million in 1Q18.
- In 2Q18, net income attributable to shareholders of the parent
was NT$11,463 million, compared to
net income attributable to shareholders of the parent of
NT$7,847 million in 2Q17 and net
income attributable to shareholders of the parent of NT$2,096 million in 1Q18.
- Our total number of shares outstanding at the end of the
quarter was 4,319,237,132, including treasury stock owned by our
subsidiaries. Our 2Q18 basic earnings per share of
NT$2.70 (or US$0.183 per ADS) were based on 4,246,028,841
weighted average numbers of shares outstanding in 2Q18. Our 2Q18
diluted earnings per share of NT$2.69
(or US$0.182 per ADS) were based on
4,252,766,558 weighted average number of shares outstanding in
2Q18.
2Q18 Results Highlights - ATM[2]
- Cost of revenues was NT$43,689
million for the quarter, up by 49% sequentially.
-
- Raw material cost totaled NT$14,986
million for the quarter, representing 27% of total net
revenues.
- Labor cost totaled NT$10,266
million for the quarter, representing 19% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$9,628 million for the
quarter.
- Gross margin decreased 0.9 percentage points to 19.9% in 2Q18
from 20.8% in 1Q18.
- Operating margin was 8.4% in 2Q18 compared to 9.2% in
1Q18.
2Q18 Results Highlights - EMS
- Cost of revenues for the quarter was NT$27,608 million, up by 6% sequentially.
-
- Raw material cost totaled NT$24,269
million for the quarter, representing 80% of total net
revenues.
- Labor cost totaled NT$1,386
million for the quarter, representing 5% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$452 million for the quarter.
- Gross margin were both 9.4% in 2Q18 and 1Q18.
- Operating margin decreased to 2.7% in 2Q18 from 3.3% in
1Q18.
[2]
|
ATM stands for
Semiconductor Assembly, Testing and Material.
|
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 2Q18 totaled US$336 million, of which US$193 million were used in packaging operations,
US$115 million in testing operations,
US$19 million in EMS operations and
US$9 million in interconnect
materials operations.
- As of June 30, 2018, total unused
credit lines amounted to NT$135,603
million.
- Current ratio was 1.11 and net debt to equity ratio was 0.62 as
of June 30, 2018.
- Total number of employees was 93,664 as of June 30, 2018, compared to 68,985 as of
March 31, 2018.
Business Review
Customers
ATM consolidated Basis
- Our five largest customers together accounted for approximately
39% of our total net revenues in 2Q18, compared to 34% in 1Q18. One
customer accounted for more than 10% of our total net revenues in
2Q18.
- Our top 10 customers contributed 52% of our total net revenues
for the quarter, compared to 48% in 1Q18.
- Our customers that are integrated device manufacturers or IDMs
accounted for 37% of our total net revenues for the quarter,
compared to 46% in 1Q18.
EMS Basis
- Our five largest customers together accounted for approximately
75% of our total net revenues in 2Q18, compared to 76% in 1Q18. One
customer accounted for more than 10% of our total net revenues in
2Q18.
- Our top 10 customers contributed 87% of our total net revenues
during the quarter both in 2Q18 and 1Q18.
About ASE Technology Holding Co., Ltd.
("ASEH")
ASEH is the leading provider of semiconductor
manufacturing services in assembly and test. The Company
develops and offers complete turnkey solutions covering front-end
engineering test, wafer probing and final test, as well as IC
packaging, materials and electronic manufacturing services through
USI with superior technologies, breakthrough innovations, and
advanced development programs. With advanced
technological capabilities and a global presence spanning
Taiwan, China, South
Korea, Japan, Singapore, Malaysia and Mexico as well as the United States and Europe, ASEH 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 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 the 2017 Annual Report on Form 20-F for our predecessor
company, Advanced Semiconductor Engineering, Inc., filed on
March 28, 2018.
Supplemental
Financial Information
|
|
Consolidated
Operations
|
|
|
2Q/18
|
1Q/18
|
2Q/17
|
EBITDA (NT$
Millions)
|
24,893
|
11,893
|
19,085
|
|
|
|
|
ATM Consolidated
Operations
|
|
|
|
|
|
2Q/18
|
1Q/18
|
2Q/17
|
Net Revenues (NT$
Millions)
|
54,534
|
37,072
|
39,048
|
Revenues by
Application
|
|
|
|
Communication
|
51%
|
46%
|
48%
|
Computer
|
15%
|
13%
|
11%
|
Automotive, Consumer
& Others
|
34%
|
41%
|
41%
|
Revenues by
Type
|
|
|
|
Bumping, Flip Chip,
WLP & SiP
|
29%
|
26%
|
26%
|
Wirebonding
|
46%
|
47%
|
47%
|
Discrete and
Others
|
7%
|
9%
|
9%
|
Testing
|
16%
|
15%
|
16%
|
Material
|
2%
|
3%
|
2%
|
Capacity &
EBITDA
|
|
|
|
CapEx (US$
Millions)*
|
317
|
202
|
209
|
EBITDA (NT$
Millions)
|
23,306
|
10,393
|
11,522
|
Number of
Wirebonders
|
25,216
|
16,015
|
16,118
|
Number of
Testers
|
4,726
|
3,801
|
3,796
|
|
|
|
|
EMS
Operations
|
|
|
|
|
|
2Q/18
|
1Q/18
|
2Q/17
|
Net Revenues (NT$
Millions)
|
30,476
|
28,691
|
28,248
|
Revenues by End
Application
|
|
|
|
Communication
|
38%
|
42%
|
48%
|
Computer
|
19%
|
17%
|
17%
|
Consumer
|
25%
|
24%
|
20%
|
Industrial
|
11%
|
9%
|
8%
|
Automotive
|
6%
|
7%
|
6%
|
Others
|
1%
|
1%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
19
|
7
|
4
|
|
* Capital
expenditure excludes building construction costs.
|
ASE Technology
Holding Co., Ltd.
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
2018
|
|
Mar. 31
2018
|
|
Jun. 30
2017
|
|
Jun. 30
2018
|
|
Jun. 30
2017
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
44,318
|
|
29,368
|
|
30,494
|
|
73,686
|
|
60,300
|
Testing
|
8,467
|
|
5,679
|
|
6,350
|
|
14,146
|
|
12,715
|
EMS
|
30,472
|
|
28,686
|
|
28,210
|
|
59,158
|
|
57,565
|
Others
|
1,244
|
|
1,233
|
|
972
|
|
2,477
|
|
1,997
|
Total net
revenues
|
84,501
|
|
64,966
|
|
66,026
|
|
149,467
|
|
132,577
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(70,791)
|
|
(54,578)
|
|
(53,910)
|
|
(125,369)
|
|
(108,486)
|
Gross
profit
|
13,710
|
|
10,388
|
|
12,116
|
|
24,098
|
|
24,091
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(3,621)
|
|
(2,775)
|
|
(2,952)
|
|
(6,396)
|
|
(5,715)
|
Selling, general and
administrative
|
(4,702)
|
|
(3,297)
|
|
(3,945)
|
|
(7,999)
|
|
(7,932)
|
Total operating
expenses
|
(8,323)
|
|
(6,072)
|
|
(6,897)
|
|
(14,395)
|
|
(13,647)
|
Operating
income
|
5,387
|
|
4,316
|
|
5,219
|
|
9,703
|
|
10,444
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(819)
|
|
(357)
|
|
(365)
|
|
(1,176)
|
|
(800)
|
Foreign exchange gain
(loss)
|
(1,469)
|
|
502
|
|
(201)
|
|
(967)
|
|
2,690
|
Gain (loss) on
valuation of financial assets and liabilities
|
2,341
|
|
(379)
|
|
800
|
|
1,962
|
|
(3,164)
|
Gain (loss) on
equity-method investments
|
(201)
|
|
(444)
|
|
253
|
|
(645)
|
|
82
|
Others
|
7,681
|
|
138
|
|
5,684
|
|
7,819
|
|
5,983
|
Total non-operating
income (expenses)
|
7,533
|
|
(540)
|
|
6,171
|
|
6,993
|
|
4,791
|
Income before
tax
|
12,920
|
|
3,776
|
|
11,390
|
|
16,696
|
|
15,235
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,268)
|
|
(1,420)
|
|
(3,207)
|
|
(2,688)
|
|
(4,093)
|
Income from
continuing operations and
before noncontrolling interest
|
11,652
|
|
2,356
|
|
8,183
|
|
14,008
|
|
11,142
|
Noncontrolling
interest
|
(189)
|
|
(260)
|
|
(336)
|
|
(449)
|
|
(736)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
11,463
|
|
2,096
|
|
7,847
|
|
13,559
|
|
10,406
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share[3]
|
|
|
|
|
|
|
|
|
|
- Basic
|
NT$2.70
|
|
NT$0.49
|
|
NT$1.93
|
|
NT$3.20
|
|
NT$2.63
|
- Diluted
|
NT$2.69
|
|
NT$0.48
|
|
NT$1.78
|
|
NT$3.16
|
|
NT$2.44
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS[3]
|
|
|
|
|
|
|
|
|
|
- Basic
|
US$0.183
|
|
US$0.034
|
|
US$0.128
|
|
US$0.217
|
|
US$0.171
|
- Diluted
|
US$0.182
|
|
US$0.032
|
|
US$0.118
|
|
US$0.215
|
|
US$0.159
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in
diluted EPS
calculation (in thousands)
|
4,252,767
|
|
4,336,571
|
|
4,302,312
|
|
4,246,219
|
|
4,060,994
|
|
|
|
|
|
|
|
|
|
|
FX
(NTD/USD)
|
29.57
|
|
29.33
|
|
30.18
|
|
29.45
|
|
30.69
|
|
|
|
|
|
|
|
|
|
|
[3] Earnings (losses)
per share and earnings (losses) per equivalent ADS for the three
months ended March 31, 2018 and 2017 and six months ended June 30,
2017 have been retrospective adjusted to reflect the impact from
the joint share exchange.
|
ASE Technology
Holding Co., Ltd.
Summary of
Consolidated Statement of Comprehensive Income Data -
ATM
(In NT$
millions, except per share data)
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
For the three months
ended
|
|
For the six months ended
|
|
Jun. 30
2018
|
|
Mar. 31
2018
|
|
Jun. 30
2017
|
|
Jun. 30
2018
|
|
Jun. 30
2017
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
44,973
|
|
30,313
|
|
31,718
|
|
75,286
|
|
62,779
|
Testing
|
8,467
|
|
5,679
|
|
6,350
|
|
14,146
|
|
12,715
|
Direct
Material
|
1,059
|
|
1,050
|
|
960
|
|
2,109
|
|
1,895
|
Others
|
35
|
|
30
|
|
20
|
|
65
|
|
44
|
Total net
revenues
|
54,534
|
|
37,072
|
|
39,048
|
|
91,606
|
|
77,433
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(43,689)
|
|
(29,371)
|
|
(30,021)
|
|
(73,060)
|
|
(59,573)
|
Gross
profit
|
10,845
|
|
7,701
|
|
9,027
|
|
18,546
|
|
17,860
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(2,670)
|
|
(1,865)
|
|
(2,113)
|
|
(4,535)
|
|
(4,113)
|
Selling, general and
administrative
|
(3,577)
|
|
(2,418)
|
|
(2,812)
|
|
(5,995)
|
|
(5,662)
|
Total operating
expenses
|
(6,247)
|
|
(4,283)
|
|
(4,925)
|
|
(10,530)
|
|
(9,775)
|
Operating
income
|
4,598
|
|
3,418
|
|
4,102
|
|
8,016
|
|
8,085
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(865)
|
|
(407)
|
|
(443)
|
|
(1,272)
|
|
(941)
|
Foreign exchange gain
(loss)
|
(1,612)
|
|
685
|
|
(162)
|
|
(927)
|
|
2,706
|
Gain (loss) on valuation of financial assets
and liabilities
|
2,337
|
|
(502)
|
|
522
|
|
1,835
|
|
(3,550)
|
Gain (loss) on
equity-method investments
|
359
|
|
40
|
|
5,410
|
|
399
|
|
6,011
|
Others
|
7,713
|
|
167
|
|
33
|
|
7,880
|
|
358
|
Total non-operating
income (expenses)
|
7,932
|
|
(17)
|
|
5,360
|
|
7,915
|
|
4,584
|
Income before
tax
|
12,530
|
|
3,401
|
|
9,462
|
|
15,931
|
|
12,669
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,095)
|
|
(1,250)
|
|
(1,541)
|
|
(2,345)
|
|
(2,111)
|
Income from continuing operations and before
noncontrolling interest
|
11,435
|
|
2,151
|
|
7,921
|
|
13,586
|
|
10,558
|
Noncontrolling
interest
|
28
|
|
(55)
|
|
(74)
|
|
(27)
|
|
(152)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
11,463
|
|
2,096
|
|
7,847
|
|
13,559
|
|
10,406
|
|
|
|
|
|
|
|
|
|
|
ASE Technology
Holding Co., Ltd.
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
2018
|
|
Mar. 31
2018
|
|
Jun. 30
2017
|
|
Jun. 30
2018
|
|
Jun. 30
2017
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
30,476
|
|
28,691
|
|
28,248
|
|
59,167
|
|
57,611
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(27,608)
|
|
(25,991)
|
|
(25,127)
|
|
(53,599)
|
|
(51,376)
|
Gross
profit
|
2,868
|
|
2,700
|
|
3,121
|
|
5,568
|
|
6,235
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(969)
|
|
(926)
|
|
(859)
|
|
(1,895)
|
|
(1,639)
|
Selling, general and
administrative
|
(1,088)
|
|
(832)
|
|
(1,126)
|
|
(1,920)
|
|
(2,227)
|
Total operating
expenses
|
(2,057)
|
|
(1,758)
|
|
(1,985)
|
|
(3,815)
|
|
(3,866)
|
Operating
income
|
811
|
|
942
|
|
1,136
|
|
1,753
|
|
2,369
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Total non-operating
income
|
255
|
|
63
|
|
366
|
|
318
|
|
583
|
Income before
tax
|
1,066
|
|
1,005
|
|
1,502
|
|
2,071
|
|
2,952
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(158)
|
|
(160)
|
|
(284)
|
|
(318)
|
|
(587)
|
Income from continuing operations and
before noncontrolling
interest
|
908
|
|
845
|
|
1,218
|
|
1,753
|
|
2,365
|
Noncontrolling
interest
|
(219)
|
|
(207)
|
|
(289)
|
|
(426)
|
|
(602)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to shareholders of the parent
|
689
|
|
638
|
|
929
|
|
1,327
|
|
1,763
|
ASE Technology
Holding Co., Ltd.
Summary of
Consolidated Balance Sheet Data
(In NT$
millions)
(Unaudited)
|
|
|
|
As of Jun. 30,
2018
|
|
As of Mar. 31,
2018
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
|
68,028
|
|
43,146
|
Financial assets -
current
|
|
16,966
|
|
10,551
|
Notes and accounts
receivable
|
|
69,791
|
|
44,246
|
Inventories
|
|
41,395
|
|
34,190
|
Others
|
|
10,507
|
|
5,869
|
Total current
assets
|
|
206,687
|
|
138,002
|
|
|
|
|
|
Financial
assets - non current & Investments - equity
method
|
|
13,202
|
|
50,854
|
Property plant and
equipment
|
|
218,447
|
|
134,637
|
Intangible
assets
|
|
81,589
|
|
11,334
|
Prepaid lease
payments
|
|
10,832
|
|
8,943
|
Others
|
|
14,214
|
|
13,110
|
Total
assets
|
|
544,971
|
|
356,880
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
Short-term
borrowings
|
|
57,341
|
|
17,381
|
Current portion of
long-term borrowings & capital lease obligations
|
|
24,924
|
|
5,739
|
Notes and accounts
payable
|
|
47,587
|
|
33,112
|
Others
|
|
57,006
|
|
32,808
|
Total current
liabilities
|
|
186,858
|
|
89,040
|
|
|
|
|
|
Bonds
payable
|
|
16,984
|
|
16,983
|
Long-term borrowings
& capital lease obligations
|
|
117,388
|
|
34,435
|
Other
liabilities
|
|
11,786
|
|
10,395
|
Total
liabilities
|
|
333,016
|
|
150,853
|
Shareholders of the
parent
|
|
195,770
|
|
193,244
|
|
|
|
|
|
Noncontrolling
interest
|
|
16,185
|
|
12,783
|
Total liabilities
& shareholders' equity
|
|
544,971
|
|
356,880
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
1.11
|
|
1.55
|
Net Debt to
Equity
|
|
0.62
|
|
0.09
|
|
|
|
|
|
|
|
|
|
|
ASE Technology
Holding Co., Ltd.
Summary of
Consolidated Cash Flow Statements
(In NT$
millions)
(Unaudited)
|
|
|
|
For the three months
ended
|
|
For the six months
ended
|
|
|
Jun. 30
2018
|
|
Mar. 31
2018
|
|
Jun. 30
2017
|
|
Jun. 30
2018
|
|
Jun. 30
2017
|
Cash Flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
Profit before income
tax
|
|
12,920
|
|
3,776
|
|
11,390
|
|
16,696
|
|
15,235
|
Depreciation &
amortization
|
|
10,768
|
|
7,232
|
|
7,184
|
|
18,000
|
|
14,447
|
Other operating
activities items
|
|
(17,469)
|
|
(2,276)
|
|
(10,905)
|
|
(19,745)
|
|
(5,924)
|
Net cash generated
from operating activities
|
|
6,219
|
|
8,732
|
|
7,669
|
|
14,951
|
|
23,758
|
Cash Flows from
Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property, plant and equipment
|
|
(11,641)
|
|
(5,547)
|
|
(6,843)
|
|
(17,188)
|
|
(13,725)
|
Other investment
activities items
|
|
(86,682)
|
|
(3,993)
|
|
3,554
|
|
(90,675)
|
|
3,169
|
Net cash used in
investing activities
|
|
(98,323)
|
|
(9,540)
|
|
(3,289)
|
|
(107,863)
|
|
(10,556)
|
Cash Flows from
Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from (repayment of) debts
|
|
120,857
|
|
(504)
|
|
(4,100)
|
|
120,353
|
|
(14,342)
|
Other financing
activities items
|
|
(5,483)
|
|
(1,585)
|
|
(144)
|
|
(7,068)
|
|
10,729
|
Net cash generated
from (used in) financing activities
|
|
115,374
|
|
(2,089)
|
|
(4,244)
|
|
113,285
|
|
(3,613)
|
Foreign currency
exchange effect
|
|
1,612
|
|
(35)
|
|
1,281
|
|
1,577
|
|
(4,091)
|
Net increase
(decrease) in cash and cash equivalents
|
|
24,882
|
|
(2,932)
|
|
1,417
|
|
21,950
|
|
5,498
|
Cash and cash
equivalents at the beginning of period
|
|
43,146
|
|
46,078
|
|
42,474
|
|
46,078
|
|
38,393
|
Cash and cash
equivalents at the end of period
|
|
68,028
|
|
43,146
|
|
43,891
|
|
68,028
|
|
43,891
|
IR Contact:
Iris Wu,
Manager
|
US
contact:
|
Grace Teng,
Manager
|
irissh_wu@aseglobal.com
|
Echo Lin, Senior
Associate
|
grace_teng@aseglobal.com
|
Tel:
+886.2.6636.5678
|
echolin@iselabs.com
|
Tel:
+886.2.6636.5678
|
http://www.aseglobal.com
|
+1.510.687.2491
|
|
View original
content:http://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-unaudited-consolidated-financial-results-for-the-second-quarter-of-2018-300687651.html
SOURCE ASE Technology Holding Co., Ltd.