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Name | Symbol | Market | Type |
---|---|---|---|
ASE Technology Holding Co Ltd | NYSE:ASX | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.4296 | 4.23% | 10.5896 | 10.56 | 10.40 | 10.41 | 5,323,314 | 23:08:46 |
TAIPEI, Taiwan, Jan. 29, 2016 /PRNewswire/ -- Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We", "ASE", or the "Company"), the world's largest independent provider of packaging and testing services, today reported unaudited net revenues[1] of NT$75,548 million for the fourth quarter of 2015 (4Q15), down by 1% year-over-year and up by 4% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$4,703 million, down from a net income attributable to shareholders of the parent of NT$7,864 million in 4Q14 and down from a net income attributable to shareholders of the parent of NT$6,368 million in 3Q15. Basic earnings per share for the quarter were NT$0.62 (or US$0.095 per ADS), compared to basic earnings per share of NT$1.02 for 4Q14 and NT$0.83 for 3Q15. Diluted earnings per share for the quarter were NT$0.60 (or US$0.092 per ADS), compared to diluted earnings per share of NT$0.99 for 4Q14 and NT$0.69 for 3Q15.
For the full year of 2015, the Company reported net revenues of NT$283,302 million and net income attributable to shareholders of the parent of NT$19,192 million. Basic earnings per share for the full year of 2015 were NT$2.51 (or US$0.396 per ADS). Diluted earnings per share for the full year of 2015 were NT$2.41 (or US$0.381 per ADS).
RESULTS OF OPERATIONS
4Q15 Results Highlights – Consolidated
4Q15 Results Highlights – IC ATM[3]
4Q15 Results Highlights – EMS
2015 Full-Year Results Highlights – Consolidated
2015 Full-Year Results Highlights – IC ATM
2015 Full-Year Results Highlights – EMS
LIQUIDITY AND CAPITAL RESOURCES
BUSINESS REVIEW
Packaging Operations[4]
Testing Operations
EMS Operations
Substrate Operations
Customers
IC ATM CONSOLIDATED BASIS
EMS BASIS
OUTLOOK
Based on our current business outlook and exchange rate assumptions, management projects overall performance for the first quarter of 2016 to be as follows:
About ASE, Inc.
ASE, Inc. is the world's largest independent provider of packaging services and testing services, 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, including statements regarding our future results of operations and business prospects. 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 our 2014 Annual Report on Form 20-F filed on March 18, 2015.
Supplemental Financial Information
IC ATM Consolidated Operations | |||
Amounts in NT$ Millions |
4Q/15 |
3Q/15 |
4Q/14 |
Net Revenues |
38,406 |
39,862 |
43,884 |
Revenues by Application |
|||
Communication |
55% |
55% |
58% |
Computer |
12% |
11% |
11% |
Automotive, Consumer & Others |
33% |
34% |
31% |
Revenues by Region |
|||
North America |
61% |
63% |
65% |
Europe |
10% |
10% |
9% |
Taiwan |
17% |
17% |
16% |
Japan |
5% |
5% |
5% |
Other Asia |
7% |
5% |
5% |
Packaging Operations | |||
Amounts in NT$ Millions |
4Q/15 |
3Q/15 |
4Q/14 |
Net Revenues |
31,121 |
32,489 |
36,359 |
Revenues by Packaging Type |
|||
Advanced Packaging |
33% |
34% |
38% |
IC Wirebonding |
58% |
56% |
53% |
Discrete and Others |
9% |
10% |
9% |
Capacity |
|||
CapEx (US$ Millions)* |
64 |
83 |
65 |
Number of Wirebonders |
15,568 |
15,617 |
15,792 |
Testing Operations | |||
Amounts in NT$ Millions |
4Q/15 |
3Q/15 |
4Q/14 |
Net Revenues |
6,356 |
6,426 |
6,663 |
Revenues by Testing Type |
|||
Final test |
77% |
76% |
75% |
Wafer sort |
19% |
20% |
21% |
Engineering test |
4% |
4% |
4% |
Capacity |
|||
CapEx (US$ Millions)* |
18 |
25 |
26 |
Number of Testers |
3,435 |
3,417 |
3,267 |
EMS Operations | |||
Amounts in NT$ Millions |
4Q/15 |
3Q/15 |
4Q/14 |
Net Revenues |
39,347 |
36,161 |
37,220 |
Revenues by End Application |
|||
Communication |
64% |
56% |
67% |
Computer |
15% |
13% |
13% |
Consumer |
11% |
19% |
7% |
Industrial |
5% |
7% |
8% |
Automotive |
4% |
4% |
5% |
Others |
1% |
1% |
0% |
Capacity |
|||
CapEx (US$ Millions)* |
5 |
24 |
55 |
*Capital expenditure excludes building construction costs.
|
Advanced Semiconductor Engineering, Inc. Summary of Consolidated Statement of Comprehensive Income Data[5] (In NT$ millions, except per share data) (Unaudited) | ||||||||||
For the three months ended |
For the year ended | |||||||||
Dec. 31 2015 |
Sep. 30 2015 |
Dec. 31 2014 |
Dec. 31 2015 |
Dec. 31 2014 |
||||||
Net revenues: |
||||||||||
Packaging |
29,093 |
29,575 |
31,942 |
116,607 |
121,336 |
|||||
Testing |
6,356 |
6,426 |
6,663 |
25,192 |
25,875 |
|||||
Direct Material |
798 |
762 |
861 |
3,260 |
3,546 |
|||||
EMS |
39,301 |
36,107 |
37,178 |
138,242 |
105,785 |
|||||
Others |
- |
- |
- |
1 |
49 |
|||||
Total net revenues |
75,548 |
72,870 |
76,644 |
283,302 |
256,591 |
|||||
Cost of revenues |
(62,265) |
(59,883) |
(60,233) |
(233,153) |
(203,002) |
|||||
Gross profit |
13,283 |
12,987 |
16,411 |
50,149 |
53,589 |
|||||
Operating expenses: |
||||||||||
Research and development |
(2,804) |
(2,844) |
(2,769) |
(10,928) |
(10,290) |
|||||
Selling, general and administrative |
(3,650) |
(3,761) |
(3,795) |
(14,309) |
(13,653) |
|||||
Total operating expenses |
(6,454) |
(6,605) |
(6,564) |
(25,237) |
(23,943) |
|||||
Operating income |
6,829 |
6,382 |
9,847 |
24,912 |
29,646 |
|||||
Net non-operating (expenses) income: |
||||||||||
Interest expense - net |
(538) |
(492) |
(546) |
(2,027) |
(2,081) |
|||||
Foreign exchange gain (loss) |
428 |
(2,520) |
(1,051) |
(713) |
(1,222) |
|||||
Gain (loss) on equity-method investments2 |
113 |
29 |
(28) |
92 |
(109) |
|||||
Gain (loss) on valuation of financial assets and liabilities |
(722) |
4,502 |
1,190 |
2,462 |
1,840 |
|||||
Others |
179 |
(91) |
167 |
279 |
474 |
|||||
Total non-operating income (expenses) |
(540) |
1,428 |
(268) |
93 |
(1,098) |
|||||
Income before tax |
6,289 |
7,810 |
9,579 |
25,005 |
28,548 |
|||||
Income tax expense |
(1,264) |
(1,127) |
(1,475) |
(4,843) |
(4,266) |
|||||
Income from continuing operations and before noncontrolling interest |
5,025 |
6,683 |
8,104 |
20,162 |
24,282 |
|||||
Noncontrolling interest |
(322) |
(315) |
(240) |
(970) |
(645) |
|||||
Net income attributable to shareholders of the parent |
4,703 |
6,368 |
7,864 |
19,192 |
23,637 |
|||||
Per share data: |
||||||||||
Earnings (losses) per share |
||||||||||
– Basic |
NT$0.62 |
NT$0.83 |
NT$1.02 |
NT$2.51 |
NT$3.07 |
|||||
– Diluted |
NT$0.60 |
NT$0.69 |
NT$0.99 |
NT$2.41 |
NT$2.96 |
|||||
Earnings (losses) per equivalent ADS |
||||||||||
– Basic |
US$0.095 |
US$0.132 |
US$0.167 |
US$0.396 |
US$0.509 |
|||||
– Diluted |
US$0.092 |
US$0.109 |
US$0.162 |
US$0.381 |
US$0.489 |
|||||
Number of weighted average shares used in diluted EPS calculation (in thousands) |
7,839,692 |
8,230,923 |
8,192,428 |
8,249,693 |
8,220,694 |
|||||
Exchange rate (NT$ per US$1) |
32.55 |
31.69 |
30.61 |
31.65 |
30.20 |
|||||
Advanced Semiconductor Engineering, Inc. | ||||||||||
For the three months ended |
For the year ended | |||||||||
Dec. 31 2015 |
Sep. 30 2015 |
Dec. 31 2014 |
Dec. 31 2015 |
Dec. 31 2014 |
||||||
Net revenues: |
||||||||||
Packaging |
31,121 |
32,489 |
36,359 |
125,714 |
130,287 |
|||||
Testing |
6,356 |
6,426 |
6,663 |
25,192 |
25,875 |
|||||
Direct Material |
910 |
928 |
862 |
3,564 |
3,550 |
|||||
Others |
19 |
19 |
- |
74 |
- |
|||||
Total net revenues |
38,406 |
39,862 |
43,884 |
154,544 |
159,712 |
|||||
Cost of revenues |
(28,414) |
(29,211) |
(30,112) |
(114,402) |
(115,006) |
|||||
Gross profit |
9,992 |
10,651 |
13,772 |
40,142 |
44,706 |
|||||
Operating expenses: |
||||||||||
Research and development |
(2,072) |
(2,125) |
(2,137) |
(8,075) |
(8,150) |
|||||
Selling, general and administrative |
(2,579) |
(2,882) |
(2,704) |
(10,435) |
(10,056) |
|||||
Total operating expenses |
(4,651) |
(5,007) |
(4,841) |
(18,510) |
(18,206) |
|||||
Operating income |
5,341 |
5,644 |
8,931 |
21,632 |
26,500 |
|||||
Net non-operating (expenses) income: |
||||||||||
Interest expense - net |
(584) |
(540) |
(547) |
(2,143) |
(2,141) |
|||||
Foreign exchange gain (loss) |
364 |
(1,837) |
(1,005) |
(311) |
(1,199) |
|||||
Gain (loss) on equity-method investments2 |
1,022 |
(63) |
633 |
2,414 |
2,174 |
|||||
Gain (loss) on valuation of financial assets and liabilities |
(622) |
4,433 |
1,094 |
2,166 |
1,568 |
|||||
Others |
336 |
(204) |
167 |
(9) |
599 |
|||||
Total non-operating income (expenses) |
516 |
1,789 |
342 |
2,117 |
1,001 |
|||||
Income before tax |
5,857 |
7,433 |
9,273 |
23,749 |
27,501 |
|||||
Income tax expense |
(1,103) |
(1,016) |
(1,344) |
(4,365) |
(3,675) |
|||||
Income from continuing operations and before noncontrolling interest |
4,754 |
6,417 |
7,929 |
19,384 |
23,826 |
|||||
Noncontrolling interest |
(51) |
(49) |
(65) |
(192) |
(189) |
|||||
Net income attributable to shareholders of the parent |
4,703 |
6,368 |
7,864 |
19,192 |
23,637 |
|||||
Per share data: |
||||||||||
Earnings (losses) per share |
||||||||||
– Basic |
NT$0.62 |
NT$0.83 |
NT$1.02 |
NT$2.51 |
NT$3.07 |
|||||
– Diluted |
NT$0.60 |
NT$0.69 |
NT$0.99 |
NT$2.41 |
NT$2.96 |
|||||
Number of weighted average shares used in diluted EPS calculation (in thousands) |
7,839,692 |
8,230,923 |
8,192,428 |
8,249,693 |
8,220,694 |
Advanced Semiconductor Engineering, Inc. | ||||||||||
For the three months ended |
For the year ended | |||||||||
Dec. 31 2015 |
Sep. 30 2015 |
Dec. 31 2014 |
Dec. 31 2015 |
Dec. 31 2014 |
||||||
Net revenues: |
||||||||||
Total net revenues |
39,347 |
36,161 |
37,220 |
138,428 |
105,871 |
|||||
Cost of revenues |
(36,473) |
(33,176) |
(34,293) |
(128,098) |
(96,556) |
|||||
Gross profit |
2,874 |
2,985 |
2,927 |
10,330 |
9,315 |
|||||
Operating expenses: |
||||||||||
Research and development |
(760) |
(746) |
(660) |
(2,950) |
(2,235) |
|||||
Selling, general and administrative |
(1,038) |
(860) |
(1,040) |
(3,774) |
(3,414) |
|||||
Total operating expenses |
(1,798) |
(1,606) |
(1,700) |
(6,724) |
(5,649) |
|||||
Operating income |
1,076 |
1,379 |
1,227 |
3,606 |
3,666 |
|||||
Net non-operating (expenses) income: |
||||||||||
Total non-operating income |
(64) |
(558) |
114 |
17 |
417 |
|||||
Income before tax |
1,012 |
821 |
1,341 |
3,623 |
4,083 |
|||||
Income tax expense |
(170) |
(120) |
(140) |
(510) |
(622) |
|||||
Income from continuing operations and before noncontrolling interest |
842 |
701 |
1,201 |
3,113 |
3,461 |
|||||
Noncontrolling interest |
(269) |
(272) |
(175) |
(781) |
(463) |
|||||
Net income attributable to shareholders of the parent |
573 |
429 |
1,026 |
2,332 |
2,998 |
Advanced Semiconductor Engineering, Inc. Summary of Consolidated Balance Sheet Data (In NT$ millions) (Unaudited) | ||||||||
As of Dec. 31, 2015 |
As of Sep. 30, 2015 |
|||||||
Current assets: |
||||||||
Cash and cash equivalents |
55,251 |
42,410 | ||||||
Financial assets – current |
3,864 |
3,158 | ||||||
Notes and accounts receivable |
44,931 |
53,156 | ||||||
Inventories |
48,972 |
52,706 | ||||||
Others |
3,715 |
5,741 | ||||||
Total current assets |
156,733
|
157,171
| ||||||
Financial assets – non current & Investments – equity method2 |
38,079 |
37,887 | ||||||
Property plant and equipment |
149,997 |
152,981 | ||||||
Intangible assets |
11,889 |
11,959 | ||||||
Prepaid lease payments |
2,556 |
2,610 | ||||||
Others |
5,765 |
5,844 | ||||||
Total assets |
365,019 |
368,452 | ||||||
Current liabilities: |
||||||||
Short-term borrowings |
36,983 |
45,747 | ||||||
Current portion of bonds payable |
14,686 |
2,578 | ||||||
Current portion of long-term borrowings & capital lease obligations |
2,157 |
2,028 | ||||||
Notes and accounts payable |
34,139 |
39,700 | ||||||
Others |
32,513 |
29,861 | ||||||
Total current liabilities |
120,478
|
119,914
| ||||||
Bonds payable |
23,740 |
35,804 | ||||||
Long-term borrowings & capital lease obligations |
42,795 |
38,389 | ||||||
Other liabilities |
9,831 |
10,062 | ||||||
Total liabilities |
196,844
|
204,169
| ||||||
Shareholders of the parent |
156,671 |
153,529 | ||||||
Noncontrolling interest |
11,504
|
10,754
| ||||||
Total liabilities & shareholders' equity |
365,019 |
368,452 | ||||||
Current Ratio |
1.30
|
1.31
| ||||||
Net Debt to Equity |
0.36
|
0.48
| ||||||
Notes:
[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] The financial statements of SPIL are unavailable before they are publicly released. The share of profit from our investment in SPIL is an estimate.
[3] ATM stands for Semiconductor Assembly, Testing and Material.
[4] IC packaging services include module assembly services.
[5] Starting in 2015, we prepare financial statements in accordance with Taiwan-IFRS 2013 version. Under Taiwan-IFRS 2013 version, the impact of some newly effected GAAP shall be retroactively applied. The consolidated statements of comprehensive income for the three months and for the year ended December 31, 2014 have been adjusted accordingly. |
IR Contact:
Michelle Jao, Manager
mjao@iselabs.com
Tel: +1.510.687.2481
http://www.aseglobal.com
Grace Teng, Manager
grace_teng@aseglobal.com
Tel: +886.2.6636.5678
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/advanced-semiconductor-engineering-inc-reports-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-full-year-of-2015-300212028.html
SOURCE Advanced Semiconductor Engineering, Inc.
Copyright 2016 PR Newswire
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