Taipei, Taiwan, R.O.C.,
Feb. 4, 2021 /PRNewswire/ -- ASE Technology Holding Co., Ltd.
(TAIEX: 3711, NYSE: ASX) ("We", "ASEH", or the "Company"), the
leading provider of semiconductor manufacturing services in
assembly and test, today reported unaudited net
revenues[1] of NT$148,877 million for 4Q20, up by 28%
year-over-year and up by 21% sequentially. Net income
attributable to shareholders of the parent for the quarter totaled
NT$10,044 million, up from a net
income attributable to shareholders of the parent of NT$6,383 million in 4Q19 and up from a net income
attributable to shareholders of the parent of NT$6,712 million in 3Q20. Basic earnings per
share for the quarter were NT$2.35
(or US$0.163 per ADS), compared to
basic earnings per share of NT$1.50
for 4Q19 and basic earnings per share of NT$1.57 for 3Q20. Diluted earnings per share
for the quarter were NT$2.30 (or
US$0.160 per ADS), compared to
diluted earnings per share of NT$1.47
for 4Q19 and diluted earnings per share of NT$1.54 for 3Q20.
For the full year of 2020, the Company reported net revenues of
NT$476,978 million and net income
attributable to shareholders of the parent of NT$27,593 million. Basic earnings per share
for the full year of 2020 were NT$6.47 (or US$0.438 per ADS). Diluted earnings per
share for the full year of 2020 were NT$6.31 (or US$0.427 per ADS).
RESULTS OF OPERATIONS
4Q20 Results Highlights – Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations and others, each represented
approximately 39%, 7%, 53% and 1%, respectively, of total net
revenues for the quarter.
- Cost of revenue was NT$125,578
million for the quarter, up from NT$103,475 million in 3Q20.
-
- Raw material cost totaled NT$83,398
million for the quarter, representing 56% of total net
revenues.
- Labor cost totaled NT$14,586
million for the quarter, representing 10% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$11,618 million for the
quarter.
- Gross margin decreased 0.3 percentage points to 15.7% in 4Q20
from 16.0% in 3Q20.
- Operating margin was 7.6% in 4Q20, compared to 7.4% in
3Q20.
- In terms of non-operating items:
-
- Net interest expense was NT$592
million.
- Net foreign exchange gain of NT$51
million was primarily attributable to the depreciation of
U.S. dollar against New Taiwan dollar.
- Gain on valuation of financial assets and liabilities was
NT$165 million.
- Net gain on equity-method investments was NT$169 million.
- Other net non-operating income of NT$1,565 million was primarily attributable to
gain on revaluation of disposal subsidiary and miscellaneous
income. Total non-operating income for the quarter was
NT$1,358 million.
- Income before tax was NT$12,604
million for 4Q20, compared to NT$9,014 million in 3Q20. We recorded income
tax expenses of NT$1,839 million for
the quarter, compared to NT$1,797
million in 3Q20.
- In 4Q20, net income attributable to shareholders of the parent
was NT$10,044 million, compared to
net income attributable to shareholders of the parent of
NT$6,383 million in 4Q19 and net
income attributable to shareholders of the parent of NT$6,712 million in 3Q20.
- Our total number of shares outstanding at the end of the
quarter was 4,350,675,482, including treasury stock owned by our
subsidiaries. Our 4Q20 basic earnings per share of
NT$2.35 (or US$0.163 per ADS) were based on 4,271,639,652
weighted average numbers of shares outstanding in 4Q20. Our 4Q20
diluted earnings per share of NT$2.30
(or US$0.160 per ADS) were based on
4,295,951,077 weighted average number of shares outstanding in
4Q20.
4Q20 Results Highlights – ATM[2]
- Cost of revenues was NT$56,274
million for the quarter, down by 2% sequentially.
-
- Raw material cost totaled NT$18,249
million for the quarter, representing 25% of total net
revenues.
- Labor cost totaled NT$12,641
million for the quarter, representing 17% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$10,808 million for the
quarter.
- Gross margin increased 2.4 percentage points to 22.6% in 4Q20
from 20.2% in 3Q20.
- Operating margin was 11.0% in 4Q20, compared to 9.5% in
3Q20.
4Q20 Results Highlights – EMS
- Cost of revenues for the quarter was NT$72,153 million, up by 50% sequentially.
-
- Raw material cost totaled NT$64,985
million for the quarter, representing 82% of total net
revenues.
- Labor cost totaled NT$1,852
million for the quarter, representing 2% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$681 million for the quarter.
- Gross margin decreased 0.9 percentage points to 8.8% in 4Q20
from 9.7% in 3Q20.
- Operating margin was both 4.4% in 4Q20 and in 3Q20.
2020 Full-Year Results Highlights – Consolidated
- Net revenues for the full year of 2020 amounted to NT$476,978 million, up by 15% from 2019. The
revenue contribution from packaging operations, testing operations,
EMS operations and others ,each represented approximately 46%, 10%,
43% and 1%, respectively, of total net revenues for the year.
- Cost of revenue for the year of 2020 was NT$398,994 million, compared with NT$348,871 million in 2019.
-
- Raw material cost totaled NT$240,568
million for the year, representing 50% of total net
revenues.
- Labor cost totaled NT$55,226
million for the year, representing 12% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$46,861 million for the year.
- Gross margin increased 0.7 percentage points to 16.3% in 2020
from 15.6% in 2019.
- Operating margin increased to 7.3% in 2020 from 5.7% in
2019.
- Total non-operating income for the year was NT$857 million, compared to total non-operating
expenses of NT$164 million for
2019.
- Income before tax was NT$35,734
million for 2020. We recognized an income tax expense of
NT$6,457 million for the year.
- In 2020, net income attributable to shareholders of the parent
amounted to NT$27,593 million,
compared with a net income attributable to shareholders of the
parent of NT$16,850 million in
2019.
- Our total number of shares outstanding at the end of the year
was 4,350,675,482, including treasury stock owned by our
subsidiaries. Our 2020 basic earnings per share of NT$6.47 (or US$0.438 per ADS) were based on 4,265,732,121
weighted average numbers of shares outstanding in 2019. Our 2020
diluted earnings per share of NT$6.31
(or US$0.427 per ADS) were based on
4,288,633,865 weighted average number of shares outstanding in
2020.
2020 Full-Year Results Highlights – ATM
- Cost of revenues for the full year of 2020 was NT$220,863 million, compared with NT$201,210 million in 2019.
-
- Raw material cost totaled NT$75,768
million for the year, representing 27% of total net
revenues.
- Labor cost totaled NT$48,747
million for the year, representing 17% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$44,126 million for the year.
- Gross margin increased to 21.2% in 2019 from 19.9% in
2019.
- Operating margin increased to 9.8% in 2019 from 7.6% in
2019.
2020 Full-Year Results Highlights – EMS
- Cost of revenues was NT$185,802
million, up by 23% from 2019.
-
- Raw material cost totaled NT$164,287
million for the year, representing 80% of total net
revenues.
- Labor cost totaled NT$6,152
million for the year, representing 3% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$2,210 million for the year.
- Gross margin increased to 9.2% in 2020 from 8.8% in 2019.
- Operating margin increased to 3.8% in 2020 from 2.9% in
2019.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 4Q20 totaled US$379 million, of which US$296 million were used in packaging operations,
US$60 million in testing operations,
US$19 million in EMS operations and
US$4 million in interconnect
materials operations and others.
- For the full year of 2020, we spent US$1,699 million for capital expenditures,
including US$1,108 million in
packaging operations, US$422 million
in testing operations, US$157 million
in EMS operations and US$12 million
in interconnect materials operations and others.
- As of December 31, 2020, total
unused credit lines amounted to NT$275,181
million.
- Current ratio was 1.30 and net debt to equity ratio was 0.65 as
of December 31, 2020.
- Total number of employees was 101,981 as of December 31, 2020, compared to 97,259 as of
September 30, 2020.
BUSINESS REVIEW
Customers
ATM CONSOLIDATED BASIS
- Our five largest customers together accounted for approximately
43% of our total net revenues in 4Q20, compared to 48% in 3Q20. Two
customers each accounted for more than 10% of our total net
revenues in 4Q20 individually.
- Our top 10 customers contributed 55% of our total net revenues
in 4Q20, compared to 60% in 3Q20.
- Our customers that are integrated device manufacturers or IDMs
accounted for 32% of our total net revenues in 4Q20, compared to
30% in 3Q20.
EMS BASIS
- Our five largest customers together accounted for approximately
86% of our total net revenues in 4Q20, compared to 83% in 3Q20. One
customer accounted for more than 10% of our total net revenues in
4Q20.
- Our top 10 customers contributed 90% of our total net revenues
both in 4Q20 and 3Q20.
[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.
|
About ASE Technology Holding Co., Ltd.
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. These forward-looking statements
are necessarily estimates reflecting the best judgment of our
senior management and our actual results of operations, financial
condition or business prospects may differ materially from those
expressed or implied by the forward-looking statements for reasons
including, among others, 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 shift in United States trade policies; 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 2019
Annual Report on Form 20-F filed on March
31, 2020.
Supplemental Financial Information
Consolidated Operations
|
4Q/20
|
3Q/20
|
4Q/19
|
EBITDA (NT$
Millions)
|
26,130
|
23,230
|
22,543
|
ATM Consolidated Operations
|
4Q/20
|
3Q/20
|
4Q/19
|
Net Revenues (NT$
Millions)
|
72,752
|
71,820
|
69,287
|
Revenues by
Application
|
|
|
|
Communication
|
52%
|
53%
|
54%
|
Computing
|
14%
|
14%
|
16%
|
Automotive, Consumer
& Others
|
34%
|
33%
|
30%
|
Revenues by
Type
|
|
|
|
Bumping, Flip Chip,
WLP & SiP
|
35%
|
37%
|
38%
|
Wirebonding
|
39%
|
37%
|
36%
|
Discrete and
Others
|
9%
|
8%
|
7%
|
Testing
|
15%
|
17%
|
17%
|
Material
|
2%
|
1%
|
2%
|
Capacity &
EBITDA
|
|
|
|
CapEx (US$
Millions)*
|
359
|
362
|
439
|
EBITDA (NT$
Millions)
|
21,822
|
19,775
|
20,052
|
Number of
Wirebonders
|
26,461
|
25,117
|
25,004
|
Number of
Testers
|
5,680
|
5,715
|
5,402
|
EMS Operations
|
4Q/20
|
3Q/20
|
4Q/19
|
Net Revenues (NT$
Millions)
|
79,149
|
53,137
|
48,762
|
Revenues by End
Application
|
|
|
|
Communication
|
45%
|
40%
|
43%
|
Computing &
Storage
|
4%
|
6%
|
11%
|
Consumer
|
39%
|
40%
|
32%
|
Industrial
|
8%
|
9%
|
10%
|
Automotive
|
3%
|
4%
|
4%
|
Others
|
1%
|
1%
|
0%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
19
|
52
|
18
|
* 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 year
ended
|
|
Dec. 31
2020
|
|
Sep. 30
2020
|
|
Dec. 31
2019
|
|
Dec. 31
2020
|
|
Dec. 31
2019
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
57,260
|
|
56,172
|
|
53,653
|
|
218,667
|
|
198,916
|
|
Testing
|
10,667
|
|
12,351
|
|
11,930
|
|
47,271
|
|
42,659
|
|
EMS
|
79,141
|
|
53,126
|
|
48,734
|
|
204,691
|
|
165,789
|
|
Others
|
1,809
|
|
1,546
|
|
1,706
|
|
6,349
|
|
5,818
|
|
Total net
revenues
|
148,877
|
|
123,195
|
|
116,023
|
|
476,978
|
|
413,182
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(125,578)
|
|
(103,475)
|
|
(96,174)
|
|
(398,994)
|
|
(348,871)
|
|
Gross
profit
|
23,299
|
|
19,720
|
|
19,849
|
|
77,984
|
|
64,311
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(4,929)
|
|
(4,926)
|
|
(5,020)
|
|
(19,301)
|
|
(18,396)
|
|
Selling, general and
administrative
|
(7,124)
|
|
(5,653)
|
|
(6,124)
|
|
(23,806)
|
|
(22,389)
|
|
Total operating
expenses
|
(12,053)
|
|
(10,579)
|
|
(11,144)
|
|
(43,107)
|
|
(40,785)
|
|
Operating
income
|
11,246
|
|
9,141
|
|
8,705
|
|
34,877
|
|
23,526
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
income (expenses):
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(592)
|
|
(660)
|
|
(895)
|
|
(2,916)
|
|
(3,636)
|
|
Foreign exchange gain
(loss)
|
51
|
|
561
|
|
1,634
|
|
1,006
|
|
1,126
|
|
Gain (loss) on
valuation of financial assets
and liabilities
|
165
|
|
(406)
|
|
(693)
|
|
(72)
|
|
1,646
|
|
Gain on equity-method
investments
|
169
|
|
277
|
|
156
|
|
512
|
|
264
|
|
Others
|
1,565
|
|
101
|
|
(325)
|
|
2,327
|
|
436
|
|
Total non-operating
income (expenses)
|
1,358
|
|
(127)
|
|
(123)
|
|
857
|
|
(164)
|
|
Income before
tax
|
12,604
|
|
9,014
|
|
8,582
|
|
35,734
|
|
23,362
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,839)
|
|
(1,797)
|
|
(1,779)
|
|
(6,457)
|
|
(5,309)
|
|
Income from
continuing operations and before non-controlling
interest
|
10,765
|
|
7,217
|
|
6,803
|
|
29,277
|
|
18,053
|
|
Non-controlling
interest
|
(721)
|
|
(505)
|
|
(420)
|
|
(1,684)
|
|
(1,203)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the parent
|
10,044
|
|
6,712
|
|
6,383
|
|
27,593
|
|
16,850
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$2.35
|
|
NT$1.57
|
|
NT$1.50
|
|
NT$6.47
|
|
NT$3.96
|
|
– Diluted
|
NT$2.30
|
|
NT$1.54
|
|
NT$1.47
|
|
NT$6.31
|
|
NT$3.86
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.163
|
|
US$0.107
|
|
US$0.098
|
|
US$0.438
|
|
US$0.257
|
|
– Diluted
|
US$0.160
|
|
US$0.105
|
|
US$0.096
|
|
US$0.427
|
|
US$0.250
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in diluted EPS calculation (in
thousands)
|
4,295,951
|
|
4,281,115
|
|
4,284,201
|
|
4,288,634
|
|
4,262,766
|
|
|
|
|
|
|
|
|
|
|
|
|
FX
(NTD/USD)
|
28.78
|
|
29.46
|
|
30.54
|
|
29.54
|
|
30.88
|
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of
Comprehensive Income Data – ATM
(In NT$ millions, except per share
data)
(Unaudited)
|
For the three months
ended
|
|
For the year
ended
|
|
Dec. 31
2020
|
|
Sep. 30
2020
|
|
Dec. 31
2019
|
|
Dec. 31
2020
|
|
Dec. 31
2019
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
60,825
|
|
58,417
|
|
56,093
|
|
228,574
|
|
204,073
|
|
Testing
|
10,667
|
|
12,351
|
|
11,932
|
|
47,277
|
|
42,664
|
|
Direct
Material
|
1,229
|
|
1,020
|
|
1,228
|
|
4,314
|
|
4,283
|
|
Others
|
31
|
|
32
|
|
34
|
|
132
|
|
134
|
|
Total net
revenues
|
72,752
|
|
71,820
|
|
69,287
|
|
280,297
|
|
251,154
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(56,274)
|
|
(57,280)
|
|
(53,590)
|
|
(220,863)
|
|
(201,210)
|
|
Gross
profit
|
16,478
|
|
14,540
|
|
15,697
|
|
59,434
|
|
49,944
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(3,882)
|
|
(3,827)
|
|
(4,001)
|
|
(15,133)
|
|
(14,352)
|
|
Selling, general and
administrative
|
(4,594)
|
|
(3,904)
|
|
(4,330)
|
|
(16,692)
|
|
(16,592)
|
|
Total operating
expenses
|
(8,476)
|
|
(7,731)
|
|
(8,331)
|
|
(31,825)
|
|
(30,944)
|
|
Operating
income
|
8,002
|
|
6,809
|
|
7,366
|
|
27,609
|
|
19,000
|
|
|
|
|
|
|
|
|
|
|
|
|
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 year
ended
|
|
Dec. 31
2020
|
|
Sep. 30
2020
|
|
Dec. 31
2019
|
|
Dec. 31
2020
|
|
Dec. 31
2019
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
79,149
|
|
53,137
|
|
48,762
|
|
204,723
|
|
165,853
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(72,153)
|
|
(47,990)
|
|
(44,443)
|
|
(185,802)
|
|
(151,234)
|
|
Gross
profit
|
6,996
|
|
5,147
|
|
4,319
|
|
18,921
|
|
14,619
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,073)
|
|
(1,126)
|
|
(1,063)
|
|
(4,267)
|
|
(4,170)
|
|
Selling, general and
administrative
|
(2,460)
|
|
(1,695)
|
|
(1,703)
|
|
(6,852)
|
|
(5,556)
|
|
Total operating
expenses
|
(3,533)
|
|
(2,821)
|
|
(2,766)
|
|
(11,119)
|
|
(9,726)
|
|
Operating
income
|
3,463
|
|
2,326
|
|
1,553
|
|
7,802
|
|
4,893
|
|
|
|
|
|
|
|
|
|
|
|
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
As of Dec. 31,
2020
|
|
As of Sep. 30,
2020
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
51,538
|
|
|
|
55,814
|
Financial assets –
current
|
|
|
4,894
|
|
|
|
5,993
|
Notes and accounts
receivable
|
|
|
91,834
|
|
|
|
86,718
|
Inventories
|
|
|
61,988
|
|
|
|
62,948
|
Others
|
|
|
14,347
|
|
|
|
22,167
|
Total current
assets
|
|
|
224,601
|
|
|
|
233,640
|
|
|
|
|
|
|
|
|
Financial assets –
non-current & Investments – equity
method
|
|
|
17,041
|
|
|
|
14,279
|
Property plant and
equipment
|
|
|
233,207
|
|
|
|
230,938
|
Right-of-use
assets
|
|
|
8,621
|
|
|
|
8,346
|
Intangible
assets
|
|
|
80,930
|
|
|
|
76,383
|
Others
|
|
|
19,460
|
|
|
|
17,964
|
Total
assets
|
|
|
583,860
|
|
|
|
581,550
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
34,598
|
|
|
|
34,099
|
Current portion of
bonds payable & Current portion of
long-term borrowings[3]
|
|
|
11,220
|
|
|
|
13,708
|
Notes and accounts
payable
|
|
|
73,268
|
|
|
|
71,515
|
Others
|
|
|
53,456
|
|
|
|
56,152
|
Total current
liabilities
|
|
|
172,542
|
|
|
|
175,474
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
49,254
|
|
|
|
49,249
|
Long-term
borrowings[4]
|
|
|
108,170
|
|
|
|
122,097
|
Other
liabilities
|
|
|
19,637
|
|
|
|
17,187
|
Total
liabilities
|
|
|
349,603
|
|
|
|
364,007
|
|
|
|
|
|
|
|
|
Equity attributable
to shareholders of the parent
|
|
|
218,635
|
|
|
|
205,510
|
Non-controlling
interests
|
|
|
15,622
|
|
|
|
12,033
|
Total liabilities
& shareholders' equity
|
|
|
583,860
|
|
|
|
581,550
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
|
1.30
|
|
|
|
1.33
|
Net Debt to Equity
Ratio
|
|
|
0.65
|
|
|
|
0.75
|
_____________________
[3] Current
portion of long-term borrowings include long-term loans and notes
payable.
|
[4] Long-term
borrowings include long-term loans and bills payable.
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Cash Flow
Statements
(In NT$ millions)
(Unaudited)
|
|
For the three months
ended
|
|
For the year
ended
|
|
|
|
Dec. 31
|
|
Sep. 30
|
|
Dec. 31
|
|
Dec. 31
|
|
Dec. 31
|
|
|
2020
|
2020
|
2019
|
2020
|
2019
|
Cash Flows from
Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Profit before income
tax
|
|
12,604
|
|
9,014
|
|
8,582
|
|
35,734
|
|
23,362
|
|
Depreciation &
amortization
|
|
12,764
|
|
13,022
|
|
12,645
|
|
51,259
|
|
50,467
|
|
Other operating
activities items
|
|
2,767
|
|
(8,550)
|
|
10,357
|
|
(11,919)
|
|
(1,526)
|
|
Net cash generated
from operating
activities
|
|
28,135
|
|
13,486
|
|
31,584
|
|
75,074
|
|
72,303
|
|
Cash Flows from
Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property, plant and equipment
|
|
(15,139)
|
|
(12,297)
|
|
(17,261)
|
|
(57,628)
|
|
(56,361)
|
|
Other investment
activities items
|
|
(4,859)
|
|
(156)
|
|
(682)
|
|
(3,319)
|
|
1,782
|
|
Net cash used in
investing activities
|
|
(19,998)
|
|
(12,453)
|
|
(17,943)
|
|
(60,947)
|
|
(54,579)
|
|
Cash Flows from
Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from (repayment
of) debts
|
|
(15,686)
|
|
12,412
|
|
(5,119)
|
|
(8,285)
|
|
15,741
|
|
Dividends
paid
|
|
-
|
|
(8,521)
|
|
-
|
|
(8,521)
|
|
(10,623)
|
|
Other financing
activities items
|
|
989
|
|
(5,917)
|
|
(7,213)
|
|
(5,189)
|
|
(11,617)
|
|
Net cash used in
financing activities
|
|
(14,697)
|
|
(2,026)
|
|
(12,332)
|
|
(21,995)
|
|
(6,499)
|
|
Foreign currency
exchange effect
|
|
625
|
|
243
|
|
(2,398)
|
|
(725)
|
|
(2,612)
|
|
Net increase
(decrease) in cash and cash equivalents
|
|
(5,935)
|
|
(750)
|
|
(1,089)
|
|
(8,593)
|
|
8,613
|
|
Cash and cash
equivalents at the
beginning of period
|
|
55,814
|
|
58,223
|
|
61,220
|
|
60,131
|
|
51,518
|
|
Cash and cash
equivalents at the end of period
|
|
49,879
|
|
57,473
|
|
60,131
|
|
51,538
|
|
60,131
|
|
Cash and cash
equivalents in the
consolidated balance sheet
|
|
51,538
|
|
55,814
|
|
60,131
|
|
51,538
|
|
60,131
|
|
Cash and cash
equivalents included in
disposal groups held for sale
|
|
(1,659)
|
|
1,659
|
|
-
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investor Relations Contact:
ir@aseglobal.com
Tel: +886.2.6636.5678
http://www.aseglobal.com
View original
content:http://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-full-year-of-2020-301221870.html
SOURCE ASE Technology Holding Co., Ltd.