FORM 6-K

 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16 

of the Securities Exchange Act of 1934

 

October 29, 2015

 

Commission File Number 001-16125
   
   
Advanced Semiconductor Engineering, Inc.
( Exact name of Registrant as specified in its charter)
   

26 Chin Third Road 

Nantze Export Processing Zone 

Kaoshiung, Taiwan 

Republic of China 

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐       No ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

Not applicable

 

 

 

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.

 

      ADVANCED SEMICONDUCTOR
ENGINEERING, INC.
 
         
Date: October 29, 2015 By:   /s/ Joseph Tung  
  Name:   Joseph Tung  
  Title:   Chief Financial Officer  

 

 

 

 

Advanced Semiconductor Engineering, Inc.  

 

FOR IMMEDIATE RELEASE

 

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

 

 

 

ADVANCED SEMICONDUCTOR ENGINEERING, INC. REPORTS UNAUDITED
CONSOLIDATED FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2015

 

Taipei, Taiwan, R.O.C., October 29, 2015 – 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 revenues1 of NT$72,870 million for the third quarter of 2015 (3Q15), up by 9% year-over-year and up by 4% sequentially. Net income attributable to shareholders of the parent for the quarter totaled NT$6,368 million, down from a net income attributable to shareholders of the parent of NT$7,217 million in 3Q14 and up from a net income attributable to shareholders of the parent of NT$3,652 million in 2Q15. Basic earnings per share for the quarter were NT$0.83 (or US$0.132 per ADS), compared to basic earnings per share of NT$0.94 for 3Q14 and NT$0.48 for 2Q15. Diluted earnings per share for the quarter were NT$0.69 (or US$0.109 per ADS), compared to diluted earnings per share of NT$0.82 for 3Q14 and NT$0.43 for 2Q15.

 

RESULTS OF OPERATIONS

 

3Q15 Results Highlights – Consolidated

 

lNet revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately 41%, 9%, 49%, 1% and 0%, respectively, of total net revenues for the quarter.

 

lCost of revenue was NT$59,883 million for the quarter, up by 14% year-over-year and up from NT$58,656 million in 2Q15.

 

-Raw material cost totaled NT$37,086 million during the quarter, representing 51% of total net revenues, compared with NT$35,465 million and 51% of total net revenues in 2Q15.

 

-Labor cost totaled NT$8,742 million during the quarter, representing 12% of total net revenues, compared with NT$8,656 million and 12% of total net revenues in 2Q15.

 

-Depreciation, amortization and rental expenses totaled NT$7,079 million during the quarter, up by 12% year-over-year and up by 1% sequentially.

 

lGross margin increased 1.3 percentage points to 17.8% in 3Q15 from 16.5% in 2Q15.

 

lTotal operating expenses during 3Q15 were NT$6,605 million, including NT$2,844 million in R&D and NT$3,761 million in SG&A, compared with total operating expenses of NT$6,157 million in 2Q15. Total operating expenses as a percentage of net revenues were 9% in 3Q15, remained the same as 3Q14 and 2Q15.

 

_______________

1All 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.

 

1 

 

Advanced Semiconductor Engineering, Inc.  

 

 

lOperating income for the quarter totaled NT$6,382 million, up from NT$5,409 million in 2Q15. Operating margin was 8.8% in 3Q15 compared to 7.7% in 2Q15.

 

lIn terms of non-operating items:

 

-Net interest expense was NT$492 million, up from NT$471 million in 2Q15.

 

-Net foreign exchange loss of NT$2,520 million was primarily attributable to the appreciation of the U.S. dollar against the NT dollar and Renminbi (“RMB”).

 

-Gain on valuation of financial assets and liabilities was NT$4,502 million.

 

-Other net non-operating loss of NT$91 million was primarily related to miscellaneous loss. Total non-operating income for the quarter were NT$1,428 million, compared to total non-operating income of NT$506 million for 3Q14 and total non-operating expenses of NT$9 million for 2Q15.

 

lIncome before tax was NT$7,810 million for 3Q15, compared to NT$5,400 million in 2Q15. We recorded income tax expenses of NT$1,127 million during the quarter, compared to NT$1,596 million in 2Q15.

 

lIn 3Q15, net income attributable to shareholders of the parent was NT$6,368 million, compared to net income attributable to shareholders of the parent of NT$7,217 million for 3Q14 and net income attributable to shareholders of the parent of NT$3,652 million for 2Q15.

 

lOur total number of shares outstanding at the end of the quarter was 7,902,928,996, including treasury stock owned by our subsidiaries. Our 3Q15 basic earnings per share of NT$0.83 (or US$0.132 per ADS) were based on 7,635,674,799 weighted average number of shares outstanding in 3Q15. Our 3Q15 diluted earnings per share of NT$0.69 (or US$0.109 per ADS) were based on 8,230,922,687 weighted average number of shares outstanding in 3Q15.

 

3Q15 Results Highlights – IC ATM2

 

lNet revenue contribution from IC ATM operations was NT$39,862 million for the quarter, down by 6% year-over-year and up by 6% sequentially. Net revenue contribution from packaging operations, testing operations, substrates sold to third parties and others was NT$32,489 million, NT$6,426 million, NT$928 million, and NT$19 million, respectively, and each represented approximately 82%, 16%, 2% and 0%, respectively, of total net revenues for the quarter.

 

lCost of revenues was NT$29,211 million for the quarter, down by 3% year-over-year and up by 4% sequentially.

 

-Raw material cost totaled NT$8,641 million during the quarter, representing 22% of total net revenues, compared with NT$8,213 million and 22% of total net revenues in 2Q15.

 

-Labor cost totaled NT$7,442 million during the quarter, representing 19% of total net revenues, compared with NT$7,263 million and 19% of total net revenues in 2Q15.

 

-Depreciation, amortization and rental expenses totaled NT$6,478 million during the quarter, up by 7% year-over-year and down by 0.1% sequentially.

 

lGross margin increased 1.5 percentage points to 26.7% in 3Q15 from 25.2% in 2Q15.

 

lTotal operating expenses during 3Q15 were NT$5,007 million, including NT$2,125 million in R&D and NT$2,882 million in SG&A, compared with total operating expenses of NT$4,403 million in 2Q15. Total operating expenses as a percentage of net revenues were 13% in 3Q15, up from 11% in 3Q14 and up from 12% in 2Q15.

 

_______________

2ATM stands for Semiconductor Assembly, Testing and Material.

 

2 

 

Advanced Semiconductor Engineering, Inc.  

 

 

lOperating income for the quarter totaled NT$5,644 million, up from NT$5,101 million in 2Q15. Operating margin was 14.2% in 3Q15 compared to 13.5% in 2Q15.

 

3Q15 Results Highlights – EMS

 

lNet revenue contribution from EMS operations for the quarter was NT$36,161 million, up by 35% year-over-year and up by 5% sequentially.

 

lCost of revenues for the quarter was NT$33,176 million, up by 36% year-over-year and up by 2% sequentially.

 

-Raw material cost totaled NT$28,234 million during the quarter, representing 78% of total net revenues, compared with NT$26,872 million and 78% of total net revenues in 2Q15.

 

-Labor cost totaled NT$1,300 million during the quarter, representing 4% of total net revenues, compared with NT$1,393 million and 4% of total net revenues in 2Q15.

 

-Depreciation, amortization and rental expenses totaled NT$640 million during the quarter, up by 138% year-over-year and up by 8% sequentially.

 

lGross margin increased to 8.3% in 3Q15 from 6.4% in 2Q15.

 

lTotal operating expenses during 3Q15 were NT$1,606 million, including NT$746 million in R&D and NT$860 million in SG&A, compared with total operating expenses of NT$1,745 million in 2Q15. Total operating expenses as a percentage of net revenues were 4% in 3Q15, down from 5% in 3Q14 and down from 5% in 2Q15.

 

lOperating income for the quarter totaled NT$1,379 million, up from NT$461 million in 2Q15. Operating margin increased to 3.8% in 3Q15 from 1.3% in 2Q15.

 

LIQUIdiTY AND CAPITAL RESOURCES

 

lAs of September 30, 2015, our cash and current financial assets totaled NT$45,568 million, compared to NT$58,865 million as of June 30, 2015.

 

lCapital expenditures in 3Q15 totaled US$140 million, of which US$83 million were used for packaging, US$25 million for testing, US$24 million for EMS, US$7 million for interconnect materials and US$1 million for Real Estate.

 

lAs of September 30, 2015, we had total debt of NT$124,546 million, compared to NT$91,904 million as of June 30, 2015. Total debt consisted of NT$45,747 million of short-term borrowings, NT$4,606 million of the current portion of bonds payable, long-term borrowings and capital lease obligations and NT$74,193 million of bonds payable, long-term borrowings and capital lease obligations. Total unused credit lines amounted to NT$148,963 million.

 

lCurrent ratio as of September 30, 2015 was 1.31, compared to 1.34 as of June 30, 2015. Net debt to equity ratio was 0.48 as of September 30, 2015.

 

lTotal number of employees was 67,116 as of September 30, 2015, compared to 66,091 as of September 30, 2014 and 68,310 as of June 30, 2015.

 

Business Review

 

Packaging Operations3

 

lNet revenues generated from our packaging operations were NT$32,489 million during the quarter, down by NT$1,860 million, or by 5% year-over-year, and up by NT$1,931 million, or by 6% sequentially.

 

lNet revenues from advanced packaging accounted for 34% of our total packaging net revenues during the quarter, up by 3 percentage points from 2Q15. Net revenues from IC wirebonding accounted for 56% of our total packaging net revenues during the quarter, down by 1 percentage point from 2Q15. Net revenues from discrete and others accounted for 10% of our total packaging net revenues during the quarter, down by 2 percentage points from 2Q15.

 

_______________

3IC packaging services include module assembly services.

 

3 

 

Advanced Semiconductor Engineering, Inc.  

 

 

lGross margin for our packaging operations during the quarter was 24.8%, down by 1.0 percentage points year-over-year and up by 2.1 percentage points from 2Q15.

 

lCapital expenditures for our packaging operations amounted to US$83 million during the quarter, of which US$40 million were used for purchases of wafer bumping and flip chip packaging equipment and US$43 million for common equipment purchases, including SiP equipment purchases.

 

lAs of September 30, 2015, there were 15,617 wirebonders in operation. 1 wirebonder was added and 46 wirebonders were disposed of during the quarter.

 

Testing Operations

 

lNet revenues generated from our testing operations were NT$6,426 million during the quarter, down by NT$401 million, or by 6% year-over-year, and up by NT$196 million, or by 3% sequentially.

 

lFinal testing accounted for 76% of our total testing net revenues, up by 1 percentage point from the previous quarter. Wafer sort accounted for 20% of our total testing net revenues, down by 1 percentage point from 2Q15. Engineering testing accounted for 4% of our total testing net revenues, remained the same as 2Q15.

 

lDepreciation, amortization and rental expense associated with our testing operations amounted to NT$1,708 million during the quarter, up from NT$1,634 million in 3Q14 and up from NT$1,678 million in 2Q15.

 

lIn 3Q15, gross margin for our testing operations was 36.1%, down by 3.7 percentage points year-over-year and up by 0.9 percentage point from the previous quarter.

 

lCapital expenditures for our testing operations amounted to US$25 million during the quarter.

 

lAs of September 30, 2015, there were 3,417 testers in operation. 72 new testers were added and 25 testers were disposed of during the quarter.

 

EMS Operations

 

lNet revenues generated from our EMS operations were NT$36,161 million during the quarter, up by NT$9,395 million, or by 35% year-over-year, and up by NT$1,585 million, or by 5% sequentially.

 

lCommunications products accounted for 56% of our total net revenues from EMS operations for the quarter, up by 12 percentage points from 2Q15. Computing products accounted for 13% of our total net revenues from EMS operations, remained the same as 2Q15. Consumer products accounted for 19% of our total net revenues from EMS operations, down by 9 percentage points from 2Q15. Industrial products accounted for 7% of our total net revenues from EMS operations, down by 2 percentage points from 2Q15. Automotive products accounted for 4% of our total net revenues from EMS operations, down by 1 percentage point from the previous quarter.

 

lIn 3Q15, gross margin for our EMS operations was 8.3%, down by 0.3 percentage points year-over-year and up by 1.9 percentage points from the previous quarter.

 

lCapital expenditures for our EMS operations amounted to US$24 million during the quarter.

 

 

4 

 

Advanced Semiconductor Engineering, Inc.  

 

 

Substrate Operations

 

lPBGA substrate manufactured by ASE amounted to NT$1,954 million during the quarter, down by NT$613 million, or by 24% year-over-year, and down by NT$276 million, or by 12% from 2Q15. Of the total output of NT$1,954 million, NT$762 million was from sales to external customers.

 

lGross margin for substrate operations was 11.1% during the quarter, down by 8.6 percentage points year-over-year and down by 5.1 percentage points from 2Q15.

 

lIn 3Q15, our internal substrate manufacturing operations supplied 23% (by value) of our total substrate requirements.

 

Customers

 

IC ATM consolidated Basis

 

lOur five largest customers together accounted for approximately 38% of our total net revenues in 3Q15, compared to 37% in 3Q14 and 36% in 2Q15. One customer accounted for more than 10% of our total net revenues in 3Q15.

 

lOur top 10 customers contributed 53% of our total net revenues during the quarter, compared to 51% in 3Q14 and 2Q15.

 

lOur customers that are integrated device manufacturers, or IDMs, accounted for 35% of our total net revenues during the quarter, compared to 33% in 3Q14 and 35% in 2Q15.

 

EMS Basis

 

lOur five largest customers together accounted for approximately 85% of our total net revenues in 3Q15, compared to 73% in 3Q14 and 82% in 2Q15. One customer accounted for more than 10% of our total net revenues in 3Q15.

 

lOur top 10 customers contributed 92% of our total net revenues during the quarter, compared to 87% in 3Q14 and 92% in 2Q15.

 

outlook

 

Based on our current business outlook and exchange rate assumptions, management projects overall performance for the fourth quarter of 2015 to be as follows:

 

lIC ATM capacity should stay flat and blended utilization should be down 4-6% sequentially;

 

lIC ATM gross margin should resemble 1Q15 level;

 

lEMS capacity should stay flat and blended loading should be up mid-teen percentage sequentially;

 

lEMS gross margin should approach 2Q15 level.

 

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.

 

 

5 

 

Advanced Semiconductor Engineering, Inc.  

 

 

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.

 

 

6 

 

Supplemental Financial Information

 

IC ATM Consolidated Operations

Amounts in NT$ Millions 3Q/15 2Q/15 3Q/14
Net Revenues 39,862 37,671 42,211
Revenues by Application      
Communication 55% 55% 53%
Computer 11% 10% 12%
Automotive, Consumer & Others 34% 35% 35%
Revenues by Region      
North America 63% 62% 62%
Europe 10% 12% 10%
Taiwan 17% 16% 18%
Japan 5% 5% 6%
Other Asia 5% 5% 4%

 

Packaging Operations 

Amounts in NT$ Millions 3Q/15 2Q/15 3Q/14
Net Revenues 32,489 30,558 34,349
Revenues by Packaging Type      
Advanced Packaging 34% 31% 29%
IC Wirebonding 56% 57% 61%
Discrete and Others 10% 12% 10%
Capacity      
CapEx (US$ Millions)* 83 140 281
Number of Wirebonders 15,617 15,662 15,994

 

Testing Operations 

Amounts in NT$ Millions 3Q/15 2Q/15 3Q/14
Net Revenues 6,426 6,230 6,827
Revenues by Testing Type      
Final test 76% 75% 76%
Wafer sort 20% 21% 21%
Engineering test 4% 4% 3%
Capacity      
CapEx (US$ Millions)* 25 43 70
Number of Testers 3,417 3,370 3,295

 

EMS Operations 

Amounts in NT$ Millions 3Q/15 2Q/15 3Q/14
Net Revenues 36,161 34,576 26,766
Revenues by End Application      
Communication 56% 44% 55%
Computer 13% 13% 17%
Consumer 19% 28% 9%
Industrial 7% 9% 11%
Automotive 4% 5% 7%
Others 1% 1% 1%
Capacity      
CapEx (US$ Millions)* 24 27 74

* Capital expenditure excludes building construction costs.

 

 

 

Advanced Semiconductor Engineering, Inc. 

Summary of Consolidated Statement of Comprehensive Income Data4 

(In NT$ millions, except per share data)  

(Unaudited)

 

  For the three months ended   For the period ended
 

Sep. 30

2015 

 

Jun. 30

2015 

 

Sep. 30

2014 

 

Sep. 30

2015 

 

Sep. 30 

2014 

 
Net revenues:                    
Packaging 29,575   28,618   32,031   87,514   89,394  
Testing 6,426   6,231   6,827   18,837   19,212  
Direct Material 762   839   1,033   2,462   2,685  
EMS 36,107   34,534   26,741   98,941   68,607  
Others -   -   -   -   49  
Total net revenues 72,870   70,222   66,632   207,754   179,947  
                     
Cost of revenues (59,883)   (58,656)   (52,424)   (170,888)   (142,769)  
Gross profit 12,987   11,566   14,208   36,866   37,178  
                     
Operating expenses:                    
Research and development (2,844)   (2,733)   (2,550)   (8,124)   (7,521)  
Selling, general and administrative (3,761)   (3,424)   (3,559)   (10,659)   (9,858)  
Total operating expenses (6,605)   (6,157)   (6,109)   (18,783)   (17,379)  
Operating income 6,382   5,409   8,099   18,083   19,799  
                     
Net non-operating (expenses) income:                    
Interest expense - net (492)   (471)   (504)   (1,489)   (1,535)  
Foreign exchange gain (loss) (2,520)   839   (214)   (1,141)   (171)  
Gain (loss) on equity-method investments 29   (54)   14   (21)   (81)  
Gain (loss) on valuation of financial assets and liabilities

4,502

 

(349)

 

1,294

 

3,184

 

650

 
Others (91)   26   (84)   100   307  
Total non-operating income (expenses) 1,428  

(9)

 

  506   633   (830)  
Income before tax 7,810   5,400   8,605   18,716   18,969  
                     
Income tax expense (1,127)   (1,596)   (1,240)   (3,579)   (2,791)  

Income from continuing operations and

before noncontrolling interest

6,683   3,804   7,365   15,137   16,178  
Noncontrolling interest (315)   (152)   (148)   (648)   (405)  
                     

Net income attributable to

shareholders of the parent

6,368

 

3,652

 

7,217

 

14,489

 

15,773

                     
Per share data:                    
Earnings (losses) per share                    
– Basic NT$0.83   NT$0.48   NT$0.94   NT$1.89   NT$2.05  
– Diluted   NT$0.69     NT$0.43     NT$0.82     NT$1.76     NT$1.98  
                     
Earnings (losses) per equivalent ADS                    
– Basic   US$0.132     US$0.077     US$0.156     US$0.302     US$0.342  
– Diluted   US$0.109     US$0.070     US$0.137     US$0.281     US$0.329  
                     

Number of weighted average shares used in

diluted EPS calculation (in thousands)

8,230,923   8,151,710   8,194,417   8,240,964   8,209,165  
                     
Exchange rate (NT$ per US$1) 31.69   30.84   29.92   31.35   30.07  
                     

_______________

4Starting 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 ended September 30, 2014 and for the period ended September 30, 2014 have been adjusted accordingly.

 

 

 

 

Advanced Semiconductor Engineering, Inc. 

Summary of Consolidated Statement of Comprehensive Income Data – IC ATM4 

(In NT$ millions, except per share data)  

(Unaudited)

 

  For the three months ended   For the period ended
 

Sep. 30

2015 

 

Jun. 30

2015 

 

Sep. 30

2014 

 

Sep. 30 

2015 

 

Sep. 30

2014 

 
Net revenues:                    
Packaging 32,489   30,558   34,349   94,593   93,928  
Testing 6,426   6,230   6,827   18,836   19,212  
Direct Material 928   865   1,035   2,654   2,688  
Others 19   18   -   55   -  
Total net revenues 39,862   37,671   42,211   116,138   115,828  
                     
Cost of revenues (29,211)   (28,167)   (30,129)   (85,988)   (84,894)  
Gross profit 10,651   9,504   12,082   30,150   30,934  
                     
Operating expenses:                    
Research and development (2,125)   (1,969)   (2,010)   (6,003)   (6,013)  
Selling, general and administrative (2,882)   (2,434)   (2,711)   (7,856)   (7,352)  
Total operating expenses (5,007)   (4,403)   (4,721)   (13,859)   (13,365)  
Operating income 5,644   5,101   7,361   16,291   17,569  
                     
Net non-operating (expenses) income:                    
Interest expense - net (540)   (489)   (528)   (1,559)   (1,594)  
Foreign exchange gain (loss) (1,837)   630   (184)   (675)   (194)  
Gain (loss) on equity-method investments (63)   839   577   1,392   1,541  
Gain (loss) on valuation of financial assets and liabilities

4,433

 

(516)

 

1,197

 

2,788

 

474

 
Others (204)   (336)   (42)   (345)   432  
Total non-operating income (expenses) 1,789  

128

 

  1,020   1,601   659  
Income before tax 7,433   5,229  

8,381

 

  17,892   18,228  
                     
Income tax expense (1,016)   (1,537)   (1,108)   (3,262)   (2,331)  

Income from continuing operations and

before noncontrolling interest

6,417   3,692   7,273   14,630   15,897  
Noncontrolling interest (49)   (40)   (56)   (141)   (124)  
                     

Net income attributable to

shareholders of the parent

6,368

 

3,652

 

7,217

 

14,489

 

15,773

 
                     
Per share data:                    
Earnings (losses) per share                    
– Basic NT$0.83   NT$0.48   NT$0.94   NT$1.89   NT$2.05  
– Diluted   NT$0.69     NT$0.43     NT$0.82     NT$1.76     NT$1.98  
                     

Number of weighted average shares used in 

diluted EPS calculation (in thousands)

 

8,230,923   8,151,710   8,194,417   8,240,964   8,209,165  

 

 

Advanced Semiconductor Engineering, Inc. 

Summary of Consolidated Statement of Comprehensive Income Data – EMS4 

(In NT$ millions, except per share data)  

(Unaudited)

 

  For the three months ended   For the period ended
 

Sep. 30

2015 

 

Jun. 30

2015 

 

Sep. 30 

2014 

 

Sep. 30 

2015 

 

Sep. 30

2014 

 
Net revenues:                    
Total net revenues 36,161   34,576   26,766   99,081   68,651  
                     
Cost of revenues (33,176)   (32,370)   (24,477)   (91,625)   (62,263)  
Gross profit 2,985   2,206   2,289   7,456   6,388  
                     
Operating expenses:                    
Research and development (746)   (783)   (560)   (2,190)   (1,575)  
Selling, general and administrative (860)   (962)   (820)   (2,736)   (2,374)  
Total operating expenses (1,606)   (1,745)   (1,380)   (4,926)   (3,949)  
Operating income 1,379   461   909   2,530   2,439  
                     
Net non-operating (expenses) income:                    
Total non-operating income (558)   423  

110

 

  81   303  
Income before tax 821   884  

1,019

 

  2,611   2,742  
                     
Income tax expense (120)   (64)   (138)   (340)   (482)  

Income from continuing operations and

before noncontrolling interest

701   820   881   2,271   2,260  
Noncontrolling interest (272)   (110)   (93)   (512)   (288)  
                     

Net income attributable to 

shareholders of the parent

429

 

710

 

788

 

1,759

 

1,972

 

 

 

 

 

Advanced Semiconductor Engineering, Inc. 

Summary of Consolidated Balance Sheet Data 

(In NT$ millions) 

(Unaudited)

 

  As of Sep. 30, 2015   As of Jun. 30, 2015
                 
Current assets:                
Cash and cash equivalents     42,410       54,175  
Financial assets – current     3,158       4,690  
Notes and accounts receivable     53,156       50,733  
Inventories     52,706       46,152  
Others     5,741       4,513  
Total current assets    

157,171

 

     

160,263

 

 
                 
Financial assets – non current & Investments – equity method    

37,887

     

2,280

 
Property plant and equipment     152,981       152,755  
Intangible assets     11,959       11,829  
Prepaid lease payments     2,610       2,488  
Others     5,844       5,546  
Total assets     368,452       335,161  
                 
Current liabilities:                
Short-term borrowings     45,747       37,193  
Current portion of bonds payable     2,578       0  
Current portion of long-term borrowings & capital lease obligations    

2,028

     

1,554

 
Notes and accounts payable     39,700       33,955  
Others     29,861       47,236  
Total current liabilities    

119,914

 

     

119,938

 

 
                 
Bonds payable     35,804       30,867  
Long-term borrowings & capital lease obligations     38,389       22,290  
Other liabilities     10,062       9,378  
Total liabilities    

204,169

     

182,473

 
Shareholders of the parent     153,529       142,601  
                 
Noncontrolling interest    

10,754

     

10,087

 
Total liabilities & shareholders’ equity     368,452       335,161  
                 
                 
Current Ratio    

1.31

 

     

1.34

 

 
Net Debt to Equity    

0.48

 

     

0.22