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.
|
ASE TECHNOLOGY HOLDING CO., LTD.
|
|
|
|
|
Date: October 30, 2018
|
By:
|
/s/ Joseph Tung
|
|
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Name: Joseph Tung
|
|
|
Title: Chief Financial Officer
|
IR Contact:
Iris
Wu, Manager
iris.wu@asetechholding.com
Tel:
+886.2.6636.5678
http://www.aseglobal.com
|
US
contact:
Echo
Lin, Senior Associate
echo.lin@asetechholding.com
+1.510.687.2491
|
Grace
Teng, Manager
grace_teng@aseglobal.com
Tel:
+886.2.6636.5678
|
ASE Technology
Holding Co., Ltd.
Reports
Unaudited Consolidated Financial Results for the Third Quarter of 2018
Taipei,
Taiwan, R.O.C., October 30, 2018 – 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. on April 30, 2018
.
The
financial results for 3Q18 reflect a full quarter of combined operations following the completion of the merger. The financial
results for 2Q18 reflect operations of ASE starting from April 1, 2018 and operations of ASEH starting from April 30, 2018
.
The financial results for 2Q17 reflect the operations
of ASE and its subsidiaries prior to the establishment of the Company. As a result, the Company’s financial results for
3Q18 may not be comparable to those of 2Q18 and 3Q17.
ASEH,
the
leading provider of semiconductor manufacturing services in assembly and test, today reported unaudited net revenues
1
of NT$
107,597
million for 3Q18, up by 46% year-over-year and up by 27% sequentially.
Net income attributable to shareholders of the parent for the quarter totaled NT$6,257 million, down from a net income attributable
to shareholders of the parent of NT$6,336 million in 3Q17 and down from a net income attributable to shareholders of the parent
of NT$11,463 million in 2Q18. Basic earnings per share for the quarter were NT$1.47 (or US$0.096 per ADS), compared to adjusted
basic earnings per share of NT$1.52 for 3Q17 and basic earnings per share of NT$2.70 for 2Q18. Diluted earnings per share for
the quarter were NT$1.43 (or US$0.094 per ADS), compared to adjusted diluted earnings per share of NT$1.39 for 3Q17 and diluted
earnings per share of NT$2.69 for 2Q18.
RESULTS
OF OPERATIONS
3Q18
Results Highlights – Consolidated
|
l
|
Net
revenue contribution from packaging operations, testing operations, EMS operations and
others, each represented approximately 50%, 10%, 39% and 1%, respectively, of total net
revenues for the quarter.
|
|
l
|
Cost
of revenue was NT$89,216 million for the quarter, up from NT$70,791 million in 2Q18.
|
|
-
|
Raw
material cost totaled NT$52,487 million for the quarter, representing 49% of total net
revenues.
|
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.
|
-
|
Labor
cost totaled NT$13,115 million for the quarter, representing 12% of total net revenues.
|
|
-
|
Depreciation,
amortization and rental expenses totaled NT$11,839 million for the quarter.
|
|
l
|
Gross
margin increased 0.9 percentage points to 17.1% in 3Q18 from 16.2% in 2Q18.
|
|
l
|
Operating
margin was 7.8% in 3Q18 compared to 6.4% in 2Q18.
|
|
l
|
In
terms of non-operating items:
|
|
-
|
Net
interest expense was NT$971 million.
|
|
-
|
Net
foreign exchange gain of NT$262 million was primarily attributable to the appreciation
of U.S. dollar against NT dollar.
|
|
-
|
Loss
on valuation of financial assets and liabilities was NT$112 million.
|
|
-
|
Net
gain on equity-method investments was NT$118 million.
|
-
Other net non-operating income of NT$448 million were primarily attributable to miscellaneous income. Total non-operating expenses
for the quarter was NT$255 million.
|
l
|
Income
before tax was NT$8,117 million for 3Q18, compared to NT$12,920 million in 2Q18. We recorded
income tax expenses of NT$1,554 million for the quarter, compared to NT$1,268 million
in 2Q18.
|
|
l
|
In
3Q18, net income attributable to shareholders of the parent was NT$6,257 million, compared
to net income attributable to shareholders of the parent of NT$6,336 million in 3Q17
and net income attributable to shareholders of the parent of NT$11,463 million in 2Q18.
|
|
l
|
Our
total number of shares outstanding at the end of the quarter was 4,320,148,632, including
treasury stock owned by our subsidiaries. Our 3Q18 basic earnings per share of NT$1.47
(or US$0.096 per ADS) were based on 4,246,971,593 weighted average numbers of shares
outstanding in 3Q18. Our 3Q18 diluted earnings per share of NT$1.43 (or US$0.094 per
ADS) were based on 4,255,740,934 weighted average number of shares outstanding in 3Q18.
|
3Q18
Results Highlights – ATM
2
|
l
|
Cost
of revenues was NT$52,056 million for the quarter, up by 19% sequentially.
|
|
-
|
Raw
material cost totaled NT$18,476 million for the quarter, representing 28% of total net
revenues.
|
|
-
|
Labor
cost totaled NT$11,704 million for the quarter, representing 18% of total net revenues.
|
|
-
|
Depreciation,
amortization and rental expenses totaled NT$11,277 million for the quarter.
|
|
l
|
Gross
margin increased 1.6 percentage points to 21.5% in 3Q18 from 19.9% in 2Q18.
|
|
l
|
Operating
margin was 10.1% in 3Q18 compared to 8.4% in 2Q18.
|
2
ATM stands for Semiconductor Assembly, Testing and Material.
3Q18
Results Highlights – EMS
|
l
|
Cost
of revenues for the quarter was NT$37,846 million, up by 37% sequentially.
|
|
-
|
Raw
material cost totaled NT$34,096 million for the quarter, representing 81% of total net
revenues.
|
|
-
|
Labor
cost totaled NT$1,390 million for the quarter, representing 3% of total net revenues.
|
|
-
|
Depreciation,
amortization and rental expenses totaled NT$452 million for the quarter.
|
|
l
|
Gross
margin increased to
9.9%
in
3Q18
from
9.4%
in
2Q18.
|
|
l
|
Operating
margin increased to 4.1% in 3Q18 from 2.7% in 2Q18.
|
LIQUIdiTY
AND CAPITAL RESOURCES
|
l
|
Capital
expenditures in 3Q18 totaled US$290 million, of which US$128 million were used in packaging
operations, US$139 million in testing operations, US$21 million in EMS operations and
US$2 million in interconnect materials operations.
|
|
l
|
As
of September 30, 2018, total unused credit lines amounted to NT$165,108 million.
|
|
l
|
Current
ratio was 1.04 and net debt to equity ratio was 0.68 as of September 30, 2018.
|
|
l
|
Total
number of employees was 93,486 as of September 30, 2018, compared to 93,680 as of June
30, 2018.
|
Business
Review
Customers
ATM
consolidated Basis
|
l
|
Our
five largest customers together accounted for approximately 41% of our total net revenues
in 3Q18, compared to 39% in 2Q18. One customer accounted for more than 10% of our total
net revenues in 3Q18.
|
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l
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Our
top 10 customers contributed 55% of our total net revenues for the quarter, compared
to 52% in 2Q18.
|
|
l
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Our
customers that are integrated device manufacturers or IDMs accounted for 35% of our total
net revenues for the quarter, compared to 37% in 2Q18.
|
EMS
Basis
|
l
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Our
five largest customers together accounted for approximately 80% of our total net revenues
in 3Q18, compared to 75% in 2Q18. One customer accounted for more than 10% of our total
net revenues in 3Q18.
|
|
l
|
Our
top 10 customers contributed 90% of our total net revenues during the quarter in 3Q18,
compared to 87% in 2Q18.
|
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. 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
|
3Q/18
|
2Q/18
|
3Q/17
|
EBITDA
(NT$ Millions)
|
21,579
|
24,893
|
15,244
|
ATM
Consolidated Operations
|
3Q/18
|
2Q/18
|
3Q/17
|
Net
Revenues (NT$ Millions)
|
66,324
|
54,534
|
41,854
|
Revenues
by Application
|
|
|
|
Communication
|
54%
|
52%
|
49%
|
Computer
|
14%
|
14%
|
10%
|
Automotive,
Consumer & Others
|
32%
|
34%
|
41%
|
Revenues
by Type
|
|
|
|
Bumping,
Flip Chip, WLP & SiP
|
31%
|
29%
|
26%
|
Wirebonding
|
43%
|
46%
|
46%
|
Discrete
and Others
|
8%
|
7%
|
9%
|
Testing
|
16%
|
16%
|
16%
|
Material
|
2%
|
2%
|
3%
|
Capacity
&
EBITDA
|
|
|
|
CapEx
(US$ Millions)*
|
269
|
317
|
117
|
EBITDA
(NT$ Millions)
|
19,092
|
23,306
|
13,175
|
Number
of Wirebonders
|
25,219
|
25,216
|
16,083
|
Number
of Testers
|
4,802
|
4,726
|
3,739
|
EMS
Operations
|
3Q/18
|
2Q/18
|
3Q/17
|
Net
Revenues (NT$ Millions)
|
42,009
|
30,476
|
33,100
|
Revenues
by End Application
|
|
|
|
Communication
|
34%
|
38%
|
45%
|
Computer
& Storage
|
14%
|
19%
|
14%
|
Consumer
|
36%
|
25%
|
26%
|
Industrial
|
10%
|
11%
|
8%
|
Automotive
|
5%
|
6%
|
6%
|
Others
|
1%
|
1%
|
1%
|
Capacity
|
|
|
|
CapEx
(US$ Millions)*
|
21
|
19
|
13
|
*
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 nine months ended
|
|
Sep.
30
2018
|
|
Jun.
30
2018
|
|
Sep.
30
2017
|
|
Sep.
30
2018
|
|
Sep.
30
2017
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
53,473
|
|
44,318
|
|
32,880
|
|
127,159
|
|
93,180
|
|
Testing
|
10,838
|
|
8,467
|
|
6,889
|
|
24,984
|
|
19,604
|
|
EMS
|
41,996
|
|
30,472
|
|
33,098
|
|
101,154
|
|
90,663
|
|
Others
|
1,290
|
|
1,244
|
|
1,011
|
|
3,767
|
|
3,008
|
|
Total net revenues
|
107,597
|
|
84,501
|
|
73,878
|
|
257,064
|
|
206,455
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(89,216)
|
|
(70,791)
|
|
(60,030)
|
|
(214,585)
|
|
(168,516)
|
|
Gross profit
|
18,381
|
|
13,710
|
|
13,848
|
|
42,479
|
|
37,939
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
Research
and development
|
(4,274)
|
|
(3,621)
|
|
(2,986)
|
|
(10,670)
|
|
(8,701)
|
|
Selling,
general and administrative
|
(5,735)
|
|
(4,702)
|
|
(3,794)
|
|
(13,734)
|
|
(11,726)
|
|
Total
operating expenses
|
(10,009)
|
|
(8,323)
|
|
(6,780)
|
|
(24,404)
|
|
(20,427)
|
|
Operating income
|
8,372
|
|
5,387
|
|
7,068
|
|
18,075
|
|
17,512
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Interest
expense - net
|
(971)
|
|
(819)
|
|
(350)
|
|
(2,147)
|
|
(1,150)
|
|
Foreign
exchange gain (loss)
|
262
|
|
(1,469)
|
|
33
|
|
(705)
|
|
2,723
|
|
Gain
(loss) on valuation of financial assets and liabilities
|
(112)
|
|
2,341
|
|
598
|
|
1,850
|
|
(2,566)
|
|
Gain
(loss) on equity-method investments
|
118
|
|
(201)
|
|
323
|
|
(527)
|
|
405
|
|
Others
|
448
|
|
7,681
|
|
143
|
|
8,267
|
|
6,126
|
|
Total
non-operating income (expenses)
|
(255)
|
|
7,533
|
|
747
|
|
6,738
|
|
5,538
|
|
Income before tax
|
8,117
|
|
12,920
|
|
7,815
|
|
24,813
|
|
23,050
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
(1,554)
|
|
(1,268)
|
|
(1,083)
|
|
(4,242)
|
|
(5,176)
|
|
Income
from continuing operations and before noncontrolling interest
|
6,563
|
|
11,652
|
|
6,732
|
|
20,571
|
|
17,874
|
|
Noncontrolling interest
|
(306)
|
|
(189)
|
|
(396)
|
|
(755)
|
|
(1,132)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income attributable to shareholders of the parent
|
6,257
|
|
11,463
|
|
6,336
|
|
19,816
|
|
16,742
|
|
|
|
|
|
|
|
|
|
|
|
|
Per
share data
3
:
|
|
|
|
|
|
|
|
|
|
|
Earnings
(losses) per share
|
|
|
|
|
|
|
|
|
|
|
–
Basic
|
NT$1.47
|
|
NT$2.70
|
|
NT$1.52
|
|
NT$4.67
|
|
NT$4.16
|
|
–
Diluted
|
NT$1.43
|
|
NT$2.69
|
|
NT$1.39
|
|
NT$4.60
|
|
NT$3.79
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses)
per equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
–
Basic
|
US$0.096
|
|
US$0.183
|
|
US$0.100
|
|
US$0.313
|
|
US$0.272
|
|
–
Diluted
|
US$0.094
|
|
US$0.182
|
|
US$0.092
|
|
US$0.308
|
|
US$0.248
|
|
|
|
|
|
|
|
|
|
|
|
|
Number
of weighted average shares used in diluted EPS calculation (in thousands)
|
4,255,741
|
|
4,252,767
|
|
4,312,402
|
|
4,249,525
|
|
4,133,048
|
|
|
|
|
|
|
|
|
|
|
|
|
FX (NTD/USD)
|
30.61
|
|
29.57
|
|
30.22
|
|
29.83
|
|
30.54
|
|
3
Per
share data for the three months and nine months ended September 30, 2017 has been retrospective adjusted to reflect the impact
from the joint share exchange agreement.
ASE Technology
Holding Co., Ltd.
Summary
of Consolidated Statement of Comprehensive Income Data – ATM
(In NT$
millions, except per share data)
(Unaudited)
|
For
the three months ended
|
|
For
the nine months ended
|
|
Sep.
30
2018
|
|
Jun.
30
2018
|
|
Sep.
30
2017
|
|
Sep.
30
2018
|
|
Sep.
30
2017
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
54,321
|
|
44,973
|
|
33,897
|
|
129,607
|
|
96,676
|
|
Testing
|
10,839
|
|
8,467
|
|
6,889
|
|
24,985
|
|
19,604
|
|
Direct
Material
|
1,134
|
|
1,059
|
|
1,048
|
|
3,243
|
|
2,943
|
|
Others
|
30
|
|
35
|
|
20
|
|
95
|
|
64
|
|
Total net revenues
|
66,324
|
|
54,534
|
|
41,854
|
|
157,930
|
|
119,287
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(52,056)
|
|
(43,689)
|
|
(31,368)
|
|
(125,116)
|
|
(90,941)
|
|
Gross profit
|
14,268
|
|
10,845
|
|
10,486
|
|
32,814
|
|
28,346
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
Research
and development
|
(3,257)
|
|
(2,670)
|
|
(2,123)
|
|
(7,792)
|
|
(6,236)
|
|
Selling,
general and administrative
|
(4,298)
|
|
(3,577)
|
|
(2,639)
|
|
(10,293)
|
|
(8,301)
|
|
Total
operating expenses
|
(7,555)
|
|
(6,247)
|
|
(4,762)
|
|
(18,085)
|
|
(14,537)
|
|
Operating income
|
6,713
|
|
4,598
|
|
5,724
|
|
14,729
|
|
13,809
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Interest
expense - net
|
(1,032)
|
|
(865)
|
|
(416)
|
|
(2,304)
|
|
(1,357)
|
|
Foreign
exchange gain (loss)
|
128
|
|
(1,612)
|
|
129
|
|
(799)
|
|
2,835
|
|
Gain
(loss) on valuation of financial assets and liabilities
|
(13)
|
|
2,337
|
|
365
|
|
1,822
|
|
(3,185)
|
|
Gain
(loss) on equity-method investments
|
1,230
|
|
359
|
|
1,249
|
|
1,629
|
|
7,260
|
|
Others
|
329
|
|
7,713
|
|
154
|
|
8,209
|
|
512
|
|
Total
non-operating income (expenses)
|
642
|
|
7,932
|
|
1,481
|
|
8,557
|
|
6,065
|
|
Income before tax
|
7,355
|
|
12,530
|
|
7,205
|
|
23,286
|
|
19,874
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
(1,181)
|
|
(1,095)
|
|
(784)
|
|
(3,526)
|
|
(2,895)
|
|
Income
from continuing operations and before noncontrolling interest
|
6,174
|
|
11,435
|
|
6,421
|
|
19,760
|
|
16,979
|
|
Noncontrolling interest
|
83
|
|
28
|
|
(85)
|
|
56
|
|
(237)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income attributable to shareholders of the parent
|
6,257
|
|
11,463
|
|
6,336
|
|
19,816
|
|
16,742
|
|
|
|
|
|
|
|
|
|
|
|
|
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 nine months ended
|
|
Sep.
30
2018
|
|
Jun.
30
2018
|
|
Sep.
30
2017
|
|
Sep.
30
2018
|
|
Sep.
30
2017
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
42,009
|
|
30,476
|
|
33,100
|
|
101,176
|
|
90,711
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(37,846)
|
|
(27,608)
|
|
(29,691)
|
|
(91,445)
|
|
(81,067)
|
|
Gross profit
|
4,163
|
|
2,868
|
|
3,409
|
|
9,731
|
|
9,644
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
Research
and development
|
(1,041)
|
|
(969)
|
|
(877)
|
|
(2,936)
|
|
(2,516)
|
|
Selling,
general and administrative
|
(1,388)
|
|
(1,088)
|
|
(1,101)
|
|
(3,308)
|
|
(3,328)
|
|
Total
operating expenses
|
(2,429)
|
|
(2,057)
|
|
(1,978)
|
|
(6,244)
|
|
(5,844)
|
|
Operating income
|
1,734
|
|
811
|
|
1,431
|
|
3,487
|
|
3,800
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Total
non-operating income
|
298
|
|
255
|
|
235
|
|
616
|
|
818
|
|
Income before tax
|
2,032
|
|
1,066
|
|
1,666
|
|
4,103
|
|
4,618
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
(356)
|
|
(158)
|
|
(293)
|
|
(674)
|
|
(880)
|
|
Income
from continuing operations and before noncontrolling interest
|
1,676
|
|
908
|
|
1,373
|
|
3,429
|
|
3,738
|
|
Noncontrolling interest
|
(397)
|
|
(219)
|
|
(338)
|
|
(823)
|
|
(940)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income attributable to shareholders of the parent
|
1,279
|
|
689
|
|
1,035
|
|
2,606
|
|
2,798
|
|
ASE Technology
Holding Co., Ltd.
Summary
of Consolidated Balance Sheet Data
(In NT$
millions)
(Unaudited)
|
As
of Sep. 30, 2018
|
|
As
of Jun. 30, 2018
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
55,335
|
|
|
|
68,028
|
Financial assets –
current
|
|
|
8,278
|
|
|
|
16,966
|
Notes and accounts receivable
|
|
|
79,809
|
|
|
|
69,791
|
Inventories
|
|
|
47,153
|
|
|
|
41,395
|
Others
|
|
|
10,625
|
|
|
|
10,507
|
Total current assets
|
|
|
201,200
|
|
|
|
206,687
|
|
|
|
|
|
|
|
|
Financial
assets – non current & Investments – equity method
|
|
|
13,698
|
|
|
|
13,202
|
Property plant and equipment
|
|
|
216,200
|
|
|
|
218,447
|
Intangible assets
|
|
|
80,857
|
|
|
|
81,589
|
Prepaid lease payments
|
|
|
10,500
|
|
|
|
10,832
|
Others
|
|
|
13,516
|
|
|
|
14,214
|
Total assets
|
|
|
535,971
|
|
|
|
544,971
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
|
63,365
|
|
|
|
57,341
|
Current
portion of long-term borrowings & capital lease obligations
|
|
|
24,420
|
|
|
|
24,924
|
Notes and accounts payable
|
|
|
60,470
|
|
|
|
47,587
|
Others
|
|
|
44,493
|
|
|
|
57,006
|
Total current liabilities
|
|
|
192,748
|
|
|
|
186,858
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
16,985
|
|
|
|
16,984
|
Long-term borrowings & capital lease obligations
|
|
|
103,386
|
|
|
|
117,388
|
Other liabilities
|
|
|
11,719
|
|
|
|
11,786
|
Total liabilities
|
|
|
324,838
|
|
|
|
333,016
|
Shareholders of the parent
|
|
|
197,330
|
|
|
|
195,770
|
|
|
|
|
|
|
|
|
Noncontrolling interest
|
|
|
13,803
|
|
|
|
16,185
|
Total liabilities & shareholders’ equity
|
|
|
535,971
|
|
|
|
544,971
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.04
|
|
|
|
1.11
|
Net Debt to Equity
|
|
|
0.68
|
|
|
|
0.62
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASE
Technology Holding Co., Ltd.
Summary
of Consolidated Cash Flow Statements
(In NT$
millions)
(Unaudited)
|
|
For
the three months ended
|
|
|
|
For
the nine months ended
|
|
|
|
Sep. 30
|
|
Jun.
30
|
|
Sep.
30
|
|
Sep. 30
|
|
Sep. 30
|
|
|
2018
|
2018
|
2017
|
2018
|
2017
|
Cash
Flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Profit
before income tax
|
|
8,117
|
|
12,920
|
|
7,814
|
|
24,813
|
|
23,050
|
|
Depreciation
& amortization
|
|
12,469
|
|
10,768
|
|
7,338
|
|
30,469
|
|
21,784
|
|
Other
operating activities items
|
|
(3,312)
|
|
(17,469)
|
|
(5,641)
|
|
(23,057)
|
|
(11,565)
|
|
Net
cash generated from operating activities
|
|
17,274
|
|
6,219
|
|
9,511
|
|
32,225
|
|
33,269
|
|
Cash
Flows from Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net
payments for property, plant and equipment
|
|
(13,078)
|
|
(11,641)
|
|
(4,702)
|
|
(30,266)
|
|
(18,427)
|
|
Other
investment activities items
|
|
7,622
|
|
(86,682)
|
|
778
|
|
(83,053)
|
|
3,947
|
|
Net
cash used in investing activities
|
|
(5,456)
|
|
(98,323)
|
|
(3,924)
|
|
(113,319)
|
|
(14,480)
|
|
Cash
Flows from Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Total
net proceeds from (repayment of) debts
|
|
(8,177)
|
|
120,857
|
|
(395)
|
|
112,176
|
|
(14,737)
|
|
Dividends
paid
|
|
(10,614)
|
|
0
|
|
(11,214)
|
|
(10,614)
|
|
(11,214)
|
|
Other
financing activities items
|
|
(4,115)
|
|
(5,483)
|
|
474
|
|
(11,183)
|
|
11,203
|
|
Net
cash generated from (used in) financing activities
|
|
(22,906)
|
|
115,374
|
|
(11,135)
|
|
90,379
|
|
(14,748)
|
|
Foreign
currency exchange effect
|
|
(1,605)
|
|
1,612
|
|
632
|
|
(28)
|
|
(3,459)
|
|
Net
increase (decrease) in cash and cash equivalents
|
|
(12,693)
|
|
24,882
|
|
(4,916)
|
|
9,257
|
|
582
|
|
Cash
and cash equivalents at the beginning of period
|
|
68,028
|
|
43,146
|
|
43,891
|
|
46,078
|
|
38,393
|
|
Cash
and cash equivalents at the end of period
|
|
55,335
|
|
68,028
|
|
38,975
|
|
55,335
|
|
38,975
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|