TAIPEI, Taiwan, R.O.C.,
July 29, 2021 /PRNewswire/ -- ASE
Technology Holding Co., Ltd. (TAIEX: 3711, NYSE: ASX) ("We",
"ASEH", or the "Company"), the leading provider of semiconductor
manufacturing services in assembly and test, today reported
unaudited net revenues[1] of NT$126,926 million for 2Q21, up by 18%
year-over-year and up by 6% sequentially. Net income
attributable to shareholders of the parent for the quarter totaled
NT$10,338 million, up from a net
income attributable to shareholders of the parent of NT$6,937 million in 2Q20 and up from a net income
attributable to shareholders of the parent of NT$8,477 million in 1Q21. Basic earnings
per share for the quarter were NT$2.40 (or US$0.171 per ADS), compared to NT$1.63 for 2Q20 and NT$1.97 for 1Q21. Diluted earnings per
share for the quarter were NT$2.30
(or US$0.164 per ADS), compared to
NT$1.60 for 2Q20 and NT$1.92 for 1Q21. We have completed the
identification of the difference between the cost of the investment
and our share of the net fair value of Asteelflash's identifiable
assets and liabilities in 2Q21; therefore, we retrospectively
adjusted the amounts for 1Q21. Such adjustments included an
increase of NT$397 million to total
assets, an increase of NT$507 million
to total liabilities and a decrease of NT$110 million to shareholders' equity as of
March 31, 2021. The revaluation
resulted in an increase of NT$119
million to inventory cost, depreciation, amortization,
income tax benefit and non-controlling interest for 1Q21.
RESULTS OF OPERATIONS
2Q21 Results Highlights – Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations and others, each represented
approximately 51%, 9%, 39% and 1%, respectively, of total net
revenues for the quarter.
- Cost of revenue was NT$102,122
million for the quarter, up from NT$97,584 million in 1Q21.
-
- Raw material cost totaled NT$58,420
million for the quarter, representing 46% of total net
revenues.
- Labor cost totaled NT$16,144
million for the quarter, representing 13% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$12,402 million for the
quarter.
- Gross margin increased 1.2 percentage points to 19.5% in 2Q21
from 18.3% in 1Q21.
- Operating margin was 10.4% in 2Q21, compared to 9.1% in
1Q21.
- In terms of non-operating items:
-
- Net interest expense was NT$569
million.
- Net foreign exchange gain of NT$1,057
million was primarily attributable to the depreciation of
U.S. dollar against New Taiwan dollar.
- Loss on valuation of financial assets and liabilities was
NT$1,050 million.
- Net gain on equity-method investments was NT$219 million.
- Other net non-operating income of NT$513
million was primarily attributable to miscellaneous
income. Total non-operating income for the quarter was
NT$170 million.
- Income before tax was NT$13,344
million for 2Q21, compared to NT$11,180 million in 1Q21. We recorded
income tax expenses of NT$2,648
million for the quarter, compared to NT$2,451 million in 1Q21.
- In 2Q21, net income attributable to shareholders of the parent
was NT$10,338 million, compared to
NT$6,937 million in 2Q20 and
NT$8,477 million in 1Q21.
- Our total number of shares outstanding at the end of the
quarter was 4,382,932,382, including treasury stock owned by our
subsidiaries. Our 2Q21 basic earnings per share of
NT$2.40 (or US$0.171 per ADS) were based on 4,309,821,394
weighted average numbers of shares outstanding in 2Q21. Our
2Q21 diluted earnings per share of NT$2.30 (or US$0.164 per ADS) were based on 4,362,634,153
weighted average number of shares outstanding in 2Q21.
2Q21 Results Highlights – ATM[2]
- Cost of revenues was NT$58,778
million for the quarter, up by 5% sequentially.
-
- Raw material cost totaled NT$19,808
million for the quarter, representing 25% of total net
revenues.
- Labor cost totaled NT$13,706
million for the quarter, representing 17% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$11,398 million for the
quarter.
- Gross margin increased 1.2 percentage points to 25.6% in 2Q21
from 24.4% in 1Q21.
- Operating margin was 15.0% in 2Q21, compared to 13.4% in
1Q21.
2Q21 Results Highlights – EMS
- Cost of revenues for the quarter was NT$44,678 million, up by 2% sequentially.
-
- Raw material cost totaled NT$38,472
million for the quarter, representing 78% of total net
revenues.
- Labor cost totaled NT$2,336
million for the quarter, representing 5% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$873 million for the quarter.
- Gross margin increased 0.7 percentage points to 9.1% in
2Q21 from 8.4% in 1Q21.
- Operating margin was 2.6% in 2Q21, compared to 2.5% in
1Q21.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 2Q21 totaled US$611 million, of which US$450 million were used in packaging operations,
US$116 million in testing operations,
US$39 million in EMS operations and
US$6 million in interconnect
materials operations and others.
- As of June 30, 2021, total unused
credit lines amounted to NT$276,357
million.
- Current ratio was 1.30 and net debt to equity ratio was 0.60 as
of June 30, 2021.
- Total number of employees was 103,164 as of June 30, 2021, compared to 101,785 as of
March 31, 2021.
BUSINESS REVIEW
Customers
ATM CONSOLIDATED BASIS
- Our five largest customers together accounted for approximately
43% of our total net revenues in 2Q21, compared
to 44% in 1Q21.
Two customers each accounted for more than 10% of
our total net revenues in 2Q21 individually.
- Our top 10 customers contributed 55% of our total net revenues
both in 2Q21 and 1Q21.
- Our customers that are integrated device manufacturers or IDMs
accounted for 31% of our total net revenues both in 2Q21
and 1Q21.
EMS BASIS
- Our five largest customers together accounted for approximately
70% of our total net revenues in 2Q21, compared to 73%
in 1Q21. One customer accounted for more than 10%
of our total net revenues in 2Q21.
- Our top 10 customers contributed 78% of our total net revenues
in 2Q21, compared to 80% in 1Q21.
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
https://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 presentation. 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 presentation. These
forward-looking statements are necessarily estimates reflecting the
best judgment of our senior management and our actual results of
operations, financial condition or business prospects may differ
materially from those expressed or implied by the forward-looking
statements for reasons including, among others, 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 shift in United States trade policies; 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 2020
Annual Report on Form 20-F filed on April 6,
2021.
Supplemental Financial Information
Consolidated
Operations
|
|
2Q/21
|
1Q/21
|
2Q/20
|
EBITDA (NT$
Millions)
|
27,350
|
24,867
|
22,488
|
|
ATM Consolidated
Operations
|
|
2Q/21
|
1Q/21
|
2Q/20
|
Net Revenues (NT$
Millions)
|
78,988
|
73,767
|
69,516
|
Revenues by
Application
|
|
|
|
Communication
|
50%
|
50%
|
54%
|
Computing
|
14%
|
14%
|
14%
|
Automotive, Consumer
& Others
|
36%
|
36%
|
32%
|
Revenues by
Type
|
|
|
|
Bumping, Flip Chip,
WLP & SiP
|
33%
|
34%
|
38%
|
Wirebonding
|
42%
|
40%
|
35%
|
Discrete and
Others
|
8%
|
9%
|
7%
|
Testing
|
15%
|
15%
|
18%
|
Material
|
2%
|
2%
|
2%
|
Capacity &
EBITDA
|
|
|
|
CapEx (US$
Millions)*
|
570
|
460
|
424
|
EBITDA (NT$
Millions)
|
24,671
|
22,566
|
20,037
|
Number of
Wirebonders
|
29,056
|
27,574
|
24,667
|
Number of
Testers
|
6,001
|
5,862
|
5,790
|
|
EMS
Operations
|
|
2Q/21
|
1Q/21
|
2Q/20
|
Net Revenues (NT$
Millions)
|
49,154
|
47,693
|
39,709
|
Revenues by End
Application
|
|
|
|
Communication
|
39%
|
39%
|
46%
|
Computing &
Storage
|
10%
|
7%
|
12%
|
Consumer
|
28%
|
33%
|
28%
|
Industrial
|
16%
|
14%
|
10%
|
Automotive
|
5%
|
5%
|
3%
|
Others
|
2%
|
2%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
39
|
11
|
70
|
* 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 six months
ended
|
|
Jun. 30
2021
|
|
Mar. 31
2021[3]
|
|
Jun. 30
2020
|
|
Jun. 30
2021
|
|
Jun. 30
2020
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
64,149
|
|
59,033
|
|
53,622
|
|
123,182
|
|
105,235
|
Testing
|
11,676
|
|
11,130
|
|
12,690
|
|
22,806
|
|
24,253
|
EMS
|
49,147
|
|
47,684
|
|
39,703
|
|
96,831
|
|
72,424
|
Others
|
1,954
|
|
1,623
|
|
1,534
|
|
3,577
|
|
2,994
|
Total net
revenues
|
126,926
|
|
119,470
|
|
107,549
|
|
246,396
|
|
204,906
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(102,122)
|
|
(97,584)
|
|
(88,740)
|
|
(199,706)
|
|
(169,941)
|
Gross
profit
|
24,804
|
|
21,886
|
|
18,809
|
|
46,690
|
|
34,965
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(5,076)
|
|
(4,769)
|
|
(4,837)
|
|
(9,845)
|
|
(9,446)
|
Selling, general and
administrative
|
(6,554)
|
|
(6,209)
|
|
(5,545)
|
|
(12,763)
|
|
(11,029)
|
Total operating
expenses
|
(11,630)
|
|
(10,978)
|
|
(10,382)
|
|
(22,608)
|
|
(20,475)
|
Operating
income
|
13,174
|
|
10,908
|
|
8,427
|
|
24,082
|
|
14,490
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(569)
|
|
(572)
|
|
(771)
|
|
(1,141)
|
|
(1,664)
|
Foreign exchange gain
(loss)
|
1,057
|
|
(224)
|
|
718
|
|
833
|
|
394
|
Gain (loss) on
valuation of financial assets
and liabilities
|
(1,050)
|
|
391
|
|
(17)
|
|
(659)
|
|
169
|
Gain (loss) on
equity-method investments
|
219
|
|
149
|
|
105
|
|
368
|
|
66
|
Others
|
513
|
|
528
|
|
417
|
|
1,041
|
|
661
|
Total non-operating
income (expenses)
|
170
|
|
272
|
|
452
|
|
442
|
|
(374)
|
Income before
tax
|
13,344
|
|
11,180
|
|
8,879
|
|
24,524
|
|
14,116
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(2,648)
|
|
(2,451)
|
|
(1,646)
|
|
(5,099)
|
|
(2,821)
|
Income from
continuing operations and
before
non-controlling interest
|
10,696
|
|
8,729
|
|
7,233
|
|
19,425
|
|
11,295
|
Non-controlling
interest
|
(358)
|
|
(252)
|
|
(296)
|
|
(610)
|
|
(459)
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
10,338
|
|
8,477
|
|
6,937
|
|
18,815
|
|
10,836
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$2.40
|
|
NT$1.97
|
|
NT$1.63
|
|
NT$4.37
|
|
NT$2.54
|
– Diluted
|
NT$2.30
|
|
NT$1.92
|
|
NT$1.60
|
|
NT$4.25
|
|
NT$2.49
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.171
|
|
US$0.139
|
|
US$0.109
|
|
US$0.310
|
|
US$0.170
|
– Diluted
|
US$0.164
|
|
US$0.135
|
|
US$0.107
|
|
US$0.302
|
|
US$0.166
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in
diluted EPS
calculation (in thousands)
|
4,362,634
|
|
4,357,714
|
|
4,273,770
|
|
4,363,749
|
|
4,279,072
|
|
|
|
|
|
|
|
|
|
|
FX
(NTD/USD)
|
28.03
|
|
28.30
|
|
29.94
|
|
28.17
|
|
29.97
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Statement of Comprehensive Income Data –
ATM
|
(In NT$
millions, except per share data)
|
(Unaudited)
|
|
|
For the three months
ended
|
|
For the six months
ended
|
|
Jun. 30
2021
|
|
Mar. 31
2021
|
|
Jun. 30
2020
|
|
Jun. 30
2021
|
|
Jun. 30
2020
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Packaging
|
65,936
|
|
61,545
|
|
55,732
|
|
127,481
|
|
109,332
|
Testing
|
11,677
|
|
11,131
|
|
12,693
|
|
22,808
|
|
24,259
|
Direct
Material
|
1,372
|
|
1,044
|
|
1,051
|
|
2,416
|
|
2,065
|
Others
|
3
|
|
47
|
|
40
|
|
50
|
|
69
|
Total net
revenues
|
78,988
|
|
73,767
|
|
69,516
|
|
152,755
|
|
135,725
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(58,778)
|
|
(55,760)
|
|
(54,434)
|
|
(114,538)
|
|
(107,309)
|
Gross
profit
|
20,210
|
|
18,007
|
|
15,082
|
|
38,217
|
|
28,416
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(3,829)
|
|
(3,697)
|
|
(3,777)
|
|
(7,526)
|
|
(7,425)
|
Selling, general and
administrative
|
(4,554)
|
|
(4,392)
|
|
(4,081)
|
|
(8,946)
|
|
(8,195)
|
Total operating
expenses
|
(8,383)
|
|
(8,089)
|
|
(7,858)
|
|
(16,472)
|
|
(15,620)
|
Operating
income
|
11,827
|
|
9,918
|
|
7,224
|
|
21,745
|
|
12,796
|
|
|
|
|
|
|
|
|
|
|
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 six months
ended
|
|
Jun. 30
2021
|
|
Mar. 31
2021[3]
|
|
Jun. 30
2020
|
|
Jun. 30
2021
|
|
Jun. 30
2020
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
49,154
|
|
47,693
|
|
39,709
|
|
96,847
|
|
72,436
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(44,678)
|
|
(43,682)
|
|
(35,979)
|
|
(88,360)
|
|
(65,658)
|
Gross
profit
|
4,476
|
|
4,011
|
|
3,730
|
|
8,487
|
|
6,778
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,274)
|
|
(1,097)
|
|
(1,085)
|
|
(2,371)
|
|
(2,068)
|
Selling, general and
administrative
|
(1,929)
|
|
(1,738)
|
|
(1,403)
|
|
(3,667)
|
|
(2,697)
|
Total operating
expenses
|
(3,203)
|
|
(2,835)
|
|
(2,488)
|
|
(6,038)
|
|
(4,765)
|
Operating
income
|
1,273
|
|
1,176
|
|
1,242
|
|
2,449
|
|
2,013
|
|
|
|
|
|
|
|
|
|
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Balance Sheet Data
|
(In NT$
millions)
|
(Unaudited)
|
|
|
|
As of Jun. 30,
2021
|
|
As of Mar. 31,
2021[3]
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
|
52,987
|
|
73,783
|
Financial assets –
current
|
|
4,492
|
|
5,114
|
Notes and accounts
receivable
|
|
88,644
|
|
81,726
|
Inventories
|
|
75,869
|
|
66,949
|
Others
|
|
15,369
|
|
14,629
|
Total current
assets
|
|
237,361
|
|
242,201
|
|
|
|
|
|
Financial assets –
non-current & Investments – equity
method
|
|
19,982
|
|
19,168
|
Property plant and
equipment
|
|
244,861
|
|
237,908
|
Right-of-use
assets
|
|
9,842
|
|
9,067
|
Intangible
assets
|
|
78,254
|
|
78,810
|
Others
|
|
21,557
|
|
19,472
|
Total
assets
|
|
611,857
|
|
606,626
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
Short-term
borrowings
|
|
40,460
|
|
41,186
|
Current portion of
bonds payable & Current portion of
long-term borrowings
|
|
8,563
|
|
8,133
|
Notes and accounts
payable
|
|
70,893
|
|
62,059
|
Others
|
|
62,778
|
|
56,472
|
Total current
liabilities
|
|
182,694
|
|
167,850
|
|
|
|
|
|
Bonds
payable
|
|
48,474
|
|
48,457
|
Long-term
borrowings[4]
|
|
106,124
|
|
124,247
|
Other
liabilities
|
|
20,060
|
|
20,078
|
Total
liabilities
|
|
357,352
|
|
360,632
|
|
|
|
|
|
Equity attributable
to shareholders of the parent
|
|
238,993
|
|
229,671
|
Non-controlling
interests
|
|
15,512
|
|
16,323
|
Total liabilities
& shareholders' equity
|
|
611,857
|
|
606,626
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
1.30
|
|
1.44
|
Net Debt to Equity
Ratio
|
|
0.60
|
|
0.61
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Cash Flow Statements
|
(In NT$
millions)
|
(Unaudited)
|
|
|
|
For the three months
ended
|
|
For the six months
ended
|
|
|
Jun. 30
|
|
Mar. 31
|
|
Jun. 30
|
|
Jun. 30
|
|
Jun. 30
|
|
2021
|
2021[3]
|
2020
|
2021
|
2020
|
Cash Flows from
Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
Profit before income
tax
|
|
13,344
|
|
11,180
|
|
8,879
|
|
24,524
|
|
14,116
|
Depreciation &
amortization
|
|
13,460
|
|
13,130
|
|
12,785
|
|
26,590
|
|
25,472
|
Other operating
activities items
|
|
(8,573)
|
|
(8,559)
|
|
(1,659)
|
|
(17,132)
|
|
(6,135)
|
Net cash generated
from operating
activities
|
|
18,231
|
|
15,751
|
|
20,005
|
|
33,982
|
|
33,453
|
Cash Flows from
Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property, plant
and equipment
|
|
(18,440)
|
|
(14,053)
|
|
(16,587)
|
|
(32,493)
|
|
(30,192)
|
Other investment
activities items
|
|
(1,259)
|
|
(205)
|
|
1,902
|
|
(1,464)
|
|
1,697
|
Net cash used in
investing activities
|
|
(19,699)
|
|
(14,258)
|
|
(14,685)
|
|
(33,957)
|
|
(28,495)
|
Cash Flows from
Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from
(repayment of) borrowings
|
|
(16,640)
|
|
19,600
|
|
(18,900)
|
|
2,960
|
|
(5,011)
|
Other financing
activities items
|
|
(1,022)
|
|
1,613
|
|
(457)
|
|
591
|
|
(262)
|
Net cash generated
from (used in)
financing activities
|
|
(17,662)
|
|
21,213
|
|
(19,357)
|
|
3,551
|
|
(5,273)
|
Foreign currency
exchange effect
|
|
(1,666)
|
|
(461)
|
|
(1,569)
|
|
(2,127)
|
|
(1,593)
|
Net increase
(decrease) in cash and
cash equivalents
|
|
(20,796)
|
|
22,245
|
|
(15,606)
|
|
1,449
|
|
(1,908)
|
Cash and cash
equivalents at the
beginning of period
|
|
73,783
|
|
51,538
|
|
73,829
|
|
51,538
|
|
60,131
|
Cash and cash
equivalents at the end
of period
|
|
52,987
|
|
73,783
|
|
58,223
|
|
52,987
|
|
58,223
|
[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] We have
completed the identification of the difference between the cost of
the investment and our share of the net fair value of Asteelflash's
identifiable assets and liabilities in 2Q21; therefore, we
retrospectively adjusted the amounts for 1Q21. Such adjustments
included an increase of NT$397 million to total assets, an increase
of NT$507 million to total liabilities and a decrease of NT$110
million to shareholders' equity as of March 31 2021. The
revaluation resulted in an increase of NT$119 million to inventory
cost, depreciation, amortization, income tax benefit and
non-controlling interest for 1Q21.
|
[4] Long-term
borrowings include long-term loans and bills payable.
|
Investor Relations Contact:
ir@aseglobal.com
Tel: +886.2.6636.5678
http://www.aseglobal.com
View original
content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-unaudited-consolidated-financial-results-for-the-second-quarter-of-2021-301343926.html
SOURCE ASE Technology Holding Co., Ltd.