Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter of 2017

Testing Operations

Amounts in NT$ Millions

1Q/17

4Q/16

1Q/16

Net Revenues

6,365

7,303

5,995

Revenues by Testing Type




Final test

81%

77%

78%

Wafer sort

15%

20%

18%

Engineering test

4%

3%

4%

Capacity




CapEx (US$ Millions)*

31

30

47

Number of Testers

3,782

3,739

3,453

EMS Operations

Amounts in NT$ Millions

1Q/17

4Q/16

1Q/16

Net Revenues

29,363

34,634

24,788

Revenues by End Application




Communication

49%

53%

51%

Computer

15%

14%

19%

Consumer

22%

20%

15%

Industrial

7%

7%

7%

Automotive

6%

5%

7%

Others

1%

1%

1%

Capacity




CapEx (US$ Millions)*

3

6

2

* Capital expenditure excludes building construction costs.

 

Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data
(In NT$ millions, except per share data)
(Unaudited)


For the three months ended


Mar. 31

2017


Dec. 31

2016


Mar. 31

2016

Net revenues:






Packaging

29,806


33,620


28,036

Testing

6,365


7,303


5,995

Direct Material

892


806


892

EMS

29,355


34,627


24,749

Others

133


772


2,699

Total net revenues

66,551


77,128


62,371







Cost of revenues

(54,573)


(61,751)


(50,922)

Gross profit

11,978


15,377


11,449







Operating expenses:






Research and development

(2,763)


(3,091)


(2,608)

Selling, general and administrative

(3,987)


(4,153)


(3,635)

Total operating expenses

(6,750)


(7,244)


(6,243)

Operating income

5,228


8,133


5,206







Net non-operating (expenses) income:






Interest expense - net

(435)


(451)


(527)

Foreign exchange gain (loss)

2,891


(308)


881

Gain (loss) on valuation of financial assets
and liabilities

(3,964)


1,940


(360)

Gain (loss) on equity-method investments [4]

(162)


427


103

Others

299


(72)


71

Total non-operating income (expenses)

(1,371)


1,536


168

Income before tax

3,857


9,669


5,374







Income tax expense

(886)


(1,274)


(1,318)

Income from continuing operations and
before noncontrolling interest

2,971


8,395


4,056

Noncontrolling interest

(402)


(430)


(174)







Net income attributable to
shareholders of the parent

 

2,569


 

7,965


 

3,882







Per share data:






Earnings (losses) per share






– Basic

   NT$0.33


  NT$1.04


   NT$0.51

– Diluted

   NT$0.30


  NT$0.88


   NT$0.40







Earnings (losses) per equivalent ADS






– Basic

 US$0.054


 US$0.164


 US$0.077

– Diluted

 US$0.047


 US$0.140


 US$0.060







Number of weighted average shares used in
diluted EPS calculation (in thousands)

7,931,316


8,255,657


8,293,278







Exchange rate (NT$ per US$1)

31.20


31.62


33.07













 

Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data – IC ATM
(In NT$ millions, except per share data)
(Unaudited)


For the three months ended


Mar. 31

2017


Dec. 31

2016


Mar. 31

2016

Net revenues:






Packaging

31,061


35,242


28,597

Testing

6,365


7,303


5,995

Direct Material

935


898


931

Others

24


20


20

Total net revenues

38,385


43,463


35,543







Cost of revenues

(29,550)


(31,816)


(27,711)

Gross profit

8,835


11,647


7,832







Operating expenses:






Research and development

(2,000)


(2,269)


(1,922)

Selling, general and administrative

(2,850)


(3,003)


(2,688)

Total operating expenses

(4,850)


(5,272)


(4,610)

Operating income

3,985


6,375


3,222







Net non-operating (expenses) income:






Interest expense - net

(498)


(499)


(604)

Foreign exchange gain (loss)

2,868


(432)


834

Gain (loss) on valuation of financial assets
and liabilities

 

(4,072)


 

1,881


 

(261)

Gain (loss) on equity-method investments [4]

610


1,617


1,149

Others

325


104


124

Total non-operating income (expenses)

(767)


2,671


1,242

Income before tax

3,218


9,046


4,464







Income tax expense

(570)


(967)


(529)

Income from continuing operations and
before noncontrolling interest

2,648


8,079


3,935

Noncontrolling interest

(79)


(114)


(53)







Net income attributable to
shareholders of the parent

 

2,569


 

7,965


 

3,882







 

Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Statement of Comprehensive Income Data – EMS
(In NT$ millions, except per share data)
(Unaudited)


For the three months ended


Mar. 31

2017


Dec. 31

2016


Mar. 31

2016

Net revenues:






Total net revenues

29,363


34,634


24,788







Cost of revenues

(26,249)


(31,038)


(22,781)

Gross profit

3,114


3,596


2,007







Operating expenses:






Research and development

(780)


(840)


(710)

Selling, general and administrative

(1,101)


(1,099)


(920)

Total operating expenses

(1,881)


(1,939)


(1,630)

Operating income

1,233


1,657


377







Net non-operating (expenses) income:






Total non-operating income

217


114


78

Income before tax

1,450


1,771


455







Income tax expense

(303)


(509)


(81)

Income from continuing operations and
before noncontrolling interest

1,147


1,262


374

Noncontrolling interest

(313)


(305)


(108)







Net income attributable to
shareholders of the parent

 

834


 

957


 

266

 

Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet Data
(In NT$ millions)
(Unaudited)



As of Mar. 31, 2017


As of  Dec. 31, 2016










Current assets:









Cash and cash equivalents



42,474




38,392


Financial assets – current



3,720




3,895


Notes and accounts receivable



43,728




51,145


Inventories



42,616




45,626


Others



3,835




3,732


Total current assets



136,373




142,790











Financial assets – non current & Investments –
equity method



 

52,200




 

52,174


Property plant and equipment



140,072




143,880


Intangible assets



11,922




12,120


Prepaid lease payments



2,081




2,237


Others



4,901




4,742


Total assets



347,549




357,943











Current liabilities:









Short-term borrowings



13,400




20,956


Current portion of bonds payable



15,179




9,658


Current portion of long-term borrowings & capital
lease obligations



 

7,218




 

6,683


Notes and accounts payable



30,621




35,804


Others



32,173




31,375


Total current liabilities



98,591




104,476











Bonds payable



28,476




27,342


Long-term borrowings & capital lease obligations



33,639




47,013


Other liabilities



10,053




9,765


Total liabilities



170,759




188,596











Shareholders of the parent



164,887




157,355











Noncontrolling interest



11,903




11,992











Total liabilities & shareholders' equity



347,549




357,943




















Current Ratio



1.38




1.37











Net Debt to Equity



0.30




0.41





















 

[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.

[3] IC packaging services include module assembly services.

[4] As of September 30, 2016, we have completed the identification of the difference between the cost of the investment and our share of the net fair value of SPIL's identifiable assets and liabilities.  Accordingly, we retrospectively adjusted the provisional amounts recognized at the acquisition dates in September 2015, March and April 2016, respectively.

IR Contact :

Iris Wu, Manager

Grace Teng, Manager

irissh_wu@aseglobal.com

grace_teng@aseglobal.com

Tel: +886.2.6636.5678

Tel: +886.2.6636.5678

http://www.aseglobal.com


 

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-first-quarter-of-2017-300447868.html

SOURCE Advanced Semiconductor Engineering, Inc.

Contact:
Advanced Semiconductor Engineering, Inc.
Web: http://www.aseglobal.com



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