Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Second Quarter of 2016

(PRNewswire) —  Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We", "ASE", or the "Company"), among the leading providers of packaging and testing services, today reported unaudited net revenues[1] of NT$62,601 million for the second quarter of 2016 (2Q16), down by 11% year-over-year and up by 0.4% sequentially.  Net income attributable to shareholders of the parent for the quarter totaled NT$4,679 million, up from a net income attributable to shareholders of the parent of NT$3,652 million in 2Q15 and up from a net income attributable to shareholders of the parent of NT$4,163 million in 1Q16.  Basic earnings per share for the quarter were NT$0.61 (or US$0.094 per ADS), compared to basic earnings per share of NT$0.48 for 2Q15 and NT$0.54 for 1Q16. Diluted earnings per share for the quarter were NT$0.51 (or US$0.079 per ADS), compared to diluted earnings per share of NT$0.43 for 2Q15 and 1Q16.

RESULTS OF OPERATIONS

2Q16 Results Highlights - Consolidated

  • Net revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately 48%, 10%, 40%, 1% and 1%, respectively, of total net revenues for the quarter.
  • Cost of revenue was NT$50,346 million for the quarter, down from NT$50,922 million in 1Q16.
    • Raw material cost totaled NT$27,293 million during the quarter, representing 44% of total net revenues.
    • Labor cost totaled NT$8,678 million during the quarter, representing 14% of total net revenues.
    • Depreciation, amortization and rental expenses totaled NT$6,996 million during the quarter.
  • Gross margin increased 1.2 percentage points to 19.6% in 2Q16 from 18.4% in 1Q16.
  • Operating margin was 9.5% in 2Q16 compared to 8.3% in 1Q16. 
  • In terms of non-operating items:
    • Net interest expense was NT$532 million.
    • Net foreign exchange loss of NT$238 million was primarily attributable to the appreciation of the U.S. dollar against the NT dollar.
    • Gain on valuation of financial assets and liabilities was NT$858 million.
    • Net gain on equity-method investments was NT$892 million, including NT$934 million of the share of profit from our investment in Siliconware Precision Industries Co., Ltd.
    • Other net non-operating loss of NT$438 million was primarily related to miscellaneous loss.  Total non-operating income for the quarter were NT$542 million
  • Income before tax was NT$6,473 million for 2Q16, compared to NT$5,656 million in 1Q16.  We recorded income tax expenses of NT$1,523 million during the quarter, compared to NT$1,318 million in 1Q16. 
  • In 2Q16, net income attributable to shareholders of the parent was NT$4,679 million, compared to net income attributable to shareholders of the parent of NT$3,652 million for 2Q15 and net income attributable to shareholders of the parent of NT$4,163 million for 1Q16.
  • Our total number of shares outstanding at the end of the quarter was 7,923,622,596, including treasury stock owned by our subsidiaries.  Our 2Q16 basic earnings per share of NT$0.61 (or US$0.094 per ADS) were based on 7,657,902,937 weighted average number of shares outstanding in 2Q16. Our 2Q16 diluted earnings per share of NT$0.51 (or US$0.079 per ADS) were based on 8,238,395,704 weighted average number of shares outstanding in 2Q16.

2Q16 Results Highlights - IC ATM[2]

  • Cost of revenues was NT$28,943 million for the quarter, up by 4% sequentially.
    • Raw material cost totaled NT$8,458 million during the quarter, representing 22% of total net revenues.
    • Labor cost totaled NT$7,478 million during the quarter, representing 19% of total net revenues.
    • Depreciation, amortization and rental expenses totaled NT$6,383 million during the quarter.
  • Gross margin increased 2.8 percentage points to 24.8% in 2Q16 from 22.0% in 1Q16.
  • Operating margin was 12.9% in 2Q16 compared to 9.1% in 1Q16.

2Q16 Results Highlights - EMS

  • Cost of revenues for the quarter was NT$22,326 million, down by 2% sequentially.
    • Raw material cost totaled NT$18,879 million during the quarter, representing 76% of total net revenues.
    • Labor cost totaled NT$1,199 million during the quarter, representing 5% of total net revenues.
    • Depreciation, amortization and rental expenses totaled NT$651 million during the quarter.
  • Gross margin increased to 10.3% in 2Q16 from 8.1% in 1Q16.
  • Operating margin increased to 3.3% in 2Q16 from 1.5% in 1Q16.

LIQUIDITY AND CAPITAL RESOURCES

  • Capital expenditures in 2Q16 totaled US$257 million, of which US$136 million were used for packaging, US$107 million for testing, US$4 million for EMS and US$10 million for interconnect materials.
  • As of June 30, 2016, total unused credit lines amounted to NT$184,607 million.
  • Current ratio was 1.13 and net debt to equity ratio was 0.44 as of June 30, 2016.
  • Total number of employees was 65,437 as of June 30, 2016, compared to 63,357 as of March 31, 2016.

BUSINESS REVIEW

Packaging Operations[3]

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Downstream : Solutuions for Post processing PCB Designs

True Circuits:

Featured Video
Jobs
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Support Engineer for EDA Careers at Freemont, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
ASIC FPGA Verification Engineer for General Dynamics Mission Systems at Bloomington, MN
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
Upcoming Events
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
CDNLive Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Apr 11 - 12, 2017
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: IoTPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy