TAIPEI, Taiwan, R.O.C.,
Feb. 10, 2022 /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$172,936 million for 4Q21, up by 16%
year-over-year and up by 15% sequentially. Net income
attributable to shareholders of the parent for the quarter totaled
NT$30,916 million, up from a net
income attributable to shareholders of the parent of NT$10,044 million in 4Q20 and up from a net
income attributable to shareholders of the parent of NT$14,176 million in 3Q21. Basic earnings
per share for the quarter were NT$7.20 (or US$0.518 per ADS), compared to NT$2.35 for 4Q20 and NT$3.29 for 3Q21. Diluted earnings per
share for the quarter were NT$6.99
(or US$0.504 per ADS), compared to
NT$2.30 for 4Q20 and NT$3.20 for 3Q21.
For the full year of 2021, the Company reported unaudited net
revenues of NT$569,997 million and
net income attributable to shareholders of the parent of
NT$63,908 million. Basic
earnings per share for the full year of 2021 were NT$14.84 (or US$1.061 per ADS). Diluted earnings per
share for the full year of 2021 were NT$14.40 (or US$1.029 per ADS).
RESULTS OF OPERATIONS
4Q21 Results Highlights – Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations and others, each represented
approximately 44%, 8%, 47% and 1%, respectively, of total net
revenues for the quarter.
- Cost of revenue was NT$140,042
million for the quarter, up from NT$119,881 million in 3Q21.
- Raw material cost totaled NT$93,182
million for the quarter, representing 54% of total net
revenues.
- Labor cost totaled NT$16,547
million for the quarter, representing 10% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$12,842 million for the
quarter.
- Gross margin decreased 1.4 percentage points to 19.0% in 4Q21
from 20.4% in 3Q21.
- Operating margin was 11.3% in 4Q21, compared to 12.2% in
3Q21.
- In terms of non-operating items:
- Net interest expense was NT$553
million.
- Net foreign exchange gain of NT$496
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$483 million.
- Net gain on equity-method investments was NT$192 million.
- Other net non-operating income of NT$18,069 million was primarily attributable to
gain on disposal of subsidiaries and miscellaneous income. Total
non-operating income for the quarter was NT$17,721 million.
- Income before tax was NT$37,336
million for 4Q21, compared to NT$18,474 million in 3Q21. We recorded income tax
expenses of NT$5,592 million for the
quarter, compared to NT$3,630 million
in 3Q21.
- In 4Q21, net income attributable to shareholders of the parent
was NT$30,916 million, compared to
NT$10,044 million in 4Q20 and
NT$14,176 million in 3Q21.
- Our total number of shares outstanding at the end of the
quarter was 4,408,018,732, including treasury stock owned by our
subsidiaries and stocks repurchased in 4Q21. Our 4Q21 basic
earnings per share of NT$7.20 (or
US$0.518 per ADS) were based on
4,294,230,371 weighted average numbers of shares outstanding in
4Q21. Our 4Q21 diluted earnings per share of NT$6.99 (or US$0.504 per ADS) were based on 4,343,537,564
weighted average number of shares outstanding in 4Q21.
4Q21 Results Highlights – ATM[2]
- Cost of revenues was NT$66,217
million for the quarter, up by 1% sequentially.
- Raw material cost totaled NT$25,423
million for the quarter, representing 28% of total net
revenues.
- Labor cost totaled NT$13,961
million for the quarter, representing 15% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$11,714 million for the
quarter.
- Gross margin increased 0.6 percentage points to 28.0% in 4Q21
from 27.4% in 3Q21.
- Operating margin was 17.5% in 4Q21, compared to 17.3% in
3Q21.
4Q21 Results Highlights – EMS
- Cost of revenues for the quarter was NT$74,436 million, up by 35% sequentially.
- Raw material cost totaled NT$67,610
million for the quarter, representing 83% of total net
revenues.
- Labor cost totaled NT$2,468 million
for the quarter, representing 3% of total net revenues.
- Depreciation, amortization and rental expenses totaled
NT$893 million for the quarter.
- Gross margin decreased 0.9 percentage points to 8.7% in 4Q21
from 9.6% in 3Q21.
- Operating margin was 4.4% in 4Q21, compared to 4.3% in
3Q21.
2021 Full-Year Results Highlights – Consolidated
- Net revenues for the full year of 2021 amounted to NT$569,997 million, up by 20% from 2020. The
revenue contribution from packaging operations, testing operations,
EMS operations and others ,each represented approximately 48%, 9%,
42% and 1%, respectively, of total net revenues for the year.
- Cost of revenue for the year of 2021 was NT$459,628 million, compared with NT$398,994 million in 2020.
- Raw material cost totaled NT$280,789
million for the year, representing 49% of total net
revenues.
- Labor cost totaled NT$65,434
million for the year, representing 12% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$50,068 million for the year.
- Gross margin increased 3.1 percentage points to 19.4% in 2021
from 16.3% in 2020.
- Operating margin increased to 10.9% in 2021 from 7.3% in
2020.
- Total non-operating income for the year was NT$18,211 million, compared to total
non-operating expenses of NT$857
million for 2020.
- Income before tax was NT$80,336
million for 2021. We recognized an income tax expense of
NT$14,322 million for the year.
- In 2021, net income attributable to shareholders of the parent
amounted to NT$63,908 million,
compared with a net income attributable to shareholders of the
parent of NT$27,593 million in
2020.
- Our total number of shares outstanding at the end of the year
was 4,408,018,732, including treasury stock owned by our
subsidiaries and stocks repurchased in 4Q21. Our 2021 basic
earnings per share of NT$14.84 (or
US$1.061 per ADS) were based on
4,305,348,164 weighted average numbers of shares outstanding in
2021. Our 2021 diluted earnings per share of NT$14.40 (or US$1.029 per ADS) were based on 4,365,667,867
weighted average number of shares outstanding in 2021.
2021 Full-Year Results Highlights – ATM
- Cost of revenues for the full year of 2021 was NT$246,133 million, compared with NT$220,863 million in 2020.
- Raw material cost totaled NT$87,967
million for the year, representing 26% of total net
revenues.
- Labor cost totaled NT$55,527
million for the year, representing 17% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$45,831 million for the year.
- Gross margin increased to 26.5% in 2021 from 21.2% in
2020.
- Operating margin increased to 16.0% in 2021 from 9.8% in
2020.
2021 Full-Year Results Highlights – EMS
- Cost of revenues was NT$218,040
million, up by 17% from 2020.
- Raw material cost totaled NT$192,287
million for the year, representing 80% of total net
revenues.
- Labor cost totaled NT$9,483 million
for the year, representing 4% of total net revenues.
- Depreciation, amortization and rental expenses totaled
NT$3,535 million for the year.
- Gross margin decreased to 9.0% in 2021 from 9.2% in 2020.
- Operating margin decreased to 3.6% in 2021 from 3.8% in
2020.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 4Q21 totaled US$472 million, of which US$231 million were used in packaging operations,
US$160 million in testing operations,
US$68 million in EMS operations and
US$13 million in interconnect
materials operations and others.
- For the full year of 2021, we spent US$2,021 million for capital expenditures,
including US$1,311 million in
packaging operations, US$496 million
in testing operations, US$177 million
in EMS operations and US$37 million
in interconnect materials operations and others.
- As of December 31, 2021, total
unused credit lines amounted to NT$278,796
million.
- Current ratio was 1.39 and net debt to equity ratio was 0.54 as
of December 31, 2021.
- Total number of employees was 95,731 as of December 31, 2021, compared to 104,471 as of
September 30, 2021.
BUSINESS REVIEW
Customers
ATM CONSOLIDATED BASIS
- Our five largest customers together accounted for approximately
45% of our total net revenues in 4Q21, compared to 44% in 3Q21. Two
customers each accounted for more than 10% of our total net
revenues in 4Q21 individually.
- Our top 10 customers contributed 56% of our total net revenues
in 4Q21, compared to 55% in 3Q21.
- Our customers that are integrated device manufacturers or IDMs
accounted for 31% of our total net revenues both in 4Q21 and
3Q21.
EMS BASIS
- Our five largest customers together accounted for approximately
77% of our total net revenues in 4Q21, compared to 74% in 3Q21. One
customer accounted for more than 10% of our total net revenues in
4Q21.
- Our top 10 customers contributed 84% of our total net revenues
in 4Q21, compared to 81% in 3Q21.
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 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. 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
(Unaudited)
Consolidated Operations
|
4Q/21
|
3Q/21
|
4Q/20
|
EBITDA (NT$
Millions)
|
51,938
|
32,655
|
26,130
|
ATM Consolidated Operations
|
4Q/21
|
3Q/21
|
4Q/20
|
Net Revenues (NT$
Millions)
|
91,958
|
90,092
|
72,752
|
Revenues by
Application
|
|
|
|
Communication
|
50%
|
51%
|
52%
|
Computing
|
16%
|
15%
|
14%
|
Automotive, Consumer
& Others
|
34%
|
34%
|
34%
|
Revenues by
Type
|
|
|
|
Bumping, Flip Chip,
WLP & SiP
|
38%
|
36%
|
35%
|
Wirebonding
|
37%
|
39%
|
39%
|
Discrete and
Others
|
8%
|
8%
|
9%
|
Testing
|
15%
|
15%
|
15%
|
Material
|
2%
|
2%
|
2%
|
Capacity &
EBITDA
|
|
|
|
CapEx (US$
Millions)*
|
404
|
407
|
359
|
EBITDA (NT$
Millions)
|
47,090
|
28,588
|
21,822
|
Number of
Wirebonders
|
25,803
|
29,943
|
26,461
|
Number of
Testers
|
4,890
|
6,149
|
5,680
|
EMS Operations
|
4Q/21
|
3Q/21
|
4Q/20
|
Net Revenues (NT$
Millions)
|
81,544
|
61,127
|
79,149
|
Revenues by End
Application
|
|
|
|
Communication
|
38%
|
38%
|
45%
|
Computing
|
8%
|
10%
|
4%
|
Consumer
|
38%
|
33%
|
39%
|
Industrial
|
11%
|
12%
|
8%
|
Automotive
|
4%
|
5%
|
3%
|
Others
|
1%
|
2%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
68
|
60
|
19
|
* 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 year
ended
|
|
Dec. 31
2021
|
|
Sep. 30
2021
|
|
Dec. 31
2020
|
|
Dec. 31
2021
|
|
Dec. 31
2020
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
75,366
|
|
73,996
|
|
57,260
|
|
272,544
|
|
218,667
|
|
Testing
|
13,756
|
|
13,416
|
|
10,667
|
|
49,979
|
|
47,271
|
|
EMS
|
81,541
|
|
61,116
|
|
79,141
|
|
239,488
|
|
204,691
|
|
Others
|
2,273
|
|
2,137
|
|
1,809
|
|
7,986
|
|
6,349
|
|
Total net
revenues
|
172,936
|
|
150,665
|
|
148,877
|
|
569,997
|
|
476,978
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(140,042)
|
|
(119,881)
|
|
(125,578)
|
|
(459,628)
|
|
(398,994)
|
|
Gross
profit
|
32,894
|
|
30,784
|
|
23,299
|
|
110,369
|
|
77,984
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(5,714)
|
|
(5,495)
|
|
(4,929)
|
|
(21,053)
|
|
(19,301)
|
|
Selling, general and
administrative
|
(7,565)
|
|
(6,863)
|
|
(7,124)
|
|
(27,191)
|
|
(23,806)
|
|
Total operating
expenses
|
(13,279)
|
|
(12,358)
|
|
(12,053)
|
|
(48,244)
|
|
(43,107)
|
|
Operating
income
|
19,615
|
|
18,426
|
|
11,246
|
|
62,125
|
|
34,877
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(553)
|
|
(562)
|
|
(592)
|
|
(2,257)
|
|
(2,916)
|
|
Foreign exchange gain
(loss)
|
496
|
|
66
|
|
51
|
|
1,395
|
|
1,006
|
|
Gain (loss) on
valuation of financial assets and liabilities
|
(483)
|
|
(349)
|
|
165
|
|
(1,490)
|
|
(72)
|
|
Gain (loss) on
equity-method investments
|
192
|
|
414
|
|
169
|
|
974
|
|
512
|
|
Others
|
18,069
|
|
479
|
|
1,565
|
|
19,589
|
|
2,327
|
|
Total non-operating
income (expenses)
|
17,721
|
|
48
|
|
1,358
|
|
18,211
|
|
857
|
|
Income before
tax
|
37,336
|
|
18,474
|
|
12,604
|
|
80,336
|
|
35,734
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(5,592)
|
|
(3,630)
|
|
(1,839)
|
|
(14,322)
|
|
(6,457)
|
|
Income from
continuing operations and before
non-controlling interest
|
31,744
|
|
14,844
|
|
10,765
|
|
66,014
|
|
29,277
|
|
Non-controlling
interest
|
(828)
|
|
(668)
|
|
(721)
|
|
(2,106)
|
|
(1,684)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to shareholders of
the parent
|
30,916
|
|
14,176
|
|
10,044
|
|
63,908
|
|
27,593
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$7.20
|
|
NT$3.29
|
|
NT$2.35
|
|
NT$14.84
|
|
NT$6.47
|
|
– Diluted
|
NT$6.99
|
|
NT$3.20
|
|
NT$2.30
|
|
NT$14.40
|
|
NT$6.31
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.518
|
|
US$0.236
|
|
US$0.163
|
|
US$1.061
|
|
US$0.438
|
|
– Diluted
|
US$0.504
|
|
US$0.230
|
|
US$0.160
|
|
US$1.029
|
|
US$0.427
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in diluted EPS
calculation (in thousands)
|
4,343,537
|
|
4,370,715
|
|
4,295,951
|
|
4,365,668
|
|
4,288,633
|
|
|
|
|
|
|
|
|
|
|
|
|
FX
(NTD/USD)
|
27.78
|
|
27.79
|
|
28.78
|
|
27.98
|
|
29.54
|
|
ASE Technology Holding Co.,
Ltd.
Summary of Consolidated Statement of Comprehensive
Income Data – ATM
(In NT$ millions, except per
share data)
(Unaudited)
|
For the three months
ended
|
|
For the year
ended
|
|
Dec. 31
2021
|
|
Sep. 30
2021
|
|
Dec. 31
2020
|
|
Dec. 31
2021
|
|
Dec. 31
2020
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
76,664
|
|
75,221
|
|
60,825
|
|
279,365
|
|
228,574
|
|
Testing
|
13,756
|
|
13,416
|
|
10,667
|
|
49,981
|
|
47,277
|
|
Direct
Material
|
1,502
|
|
1,429
|
|
1,229
|
|
5,346
|
|
4,314
|
|
Others
|
36
|
|
26
|
|
31
|
|
113
|
|
132
|
|
Total net
revenues
|
91,958
|
|
90,092
|
|
72,752
|
|
334,805
|
|
280,297
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(66,217)
|
|
(65,378)
|
|
(56,274)
|
|
(246,133)
|
|
(220,863)
|
|
Gross
profit
|
25,741
|
|
24,714
|
|
16,478
|
|
88,672
|
|
59,434
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(4,479)
|
|
(4,254)
|
|
(3,882)
|
|
(16,259)
|
|
(15,133)
|
|
Selling, general and
administrative
|
(5,206)
|
|
(4,829)
|
|
(4,594)
|
|
(18,981)
|
|
(16,692)
|
|
Total operating
expenses
|
(9,685)
|
|
(9,083)
|
|
(8,476)
|
|
(35,240)
|
|
(31,825)
|
|
Operating
income
|
16,056
|
|
15,631
|
|
8,002
|
|
53,432
|
|
27,609
|
|
|
|
|
|
|
|
|
|
|
|
|
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 year
ended
|
|
Dec. 31
2021
|
|
Sep. 30
2021
|
|
Dec. 31
2020
|
|
Dec. 31
2021
|
|
Dec. 31
2020
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
81,544
|
|
61,127
|
|
79,149
|
|
239,519
|
|
204,723
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(74,436)
|
|
(55,244)
|
|
(72,153)
|
|
(218,040)
|
|
(185,802)
|
|
Gross
profit
|
7,108
|
|
5,883
|
|
6,996
|
|
21,479
|
|
18,921
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,256)
|
|
(1,270)
|
|
(1,073)
|
|
(4,897)
|
|
(4,267)
|
|
Selling, general and
administrative
|
(2,253)
|
|
(1,955)
|
|
(2,460)
|
|
(7,876)
|
|
(6,852)
|
|
Total operating
expenses
|
(3,509)
|
|
(3,225)
|
|
(3,533)
|
|
(12,773)
|
|
(11,119)
|
|
Operating
income
|
3,599
|
|
2,658
|
|
3,463
|
|
8,706
|
|
7,802
|
|
|
|
|
|
|
|
|
|
|
|
|
ASE Technology Holding Co.,
Ltd.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
As of Dec. 31,
2021
|
|
As of Sep. 30,
2021
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
76,073
|
|
|
|
53,419
|
Financial assets –
current
|
|
|
3,075
|
|
|
|
4,133
|
Notes and accounts
receivable
|
|
|
115,462
|
|
|
|
108,156
|
Inventories
|
|
|
73,245
|
|
|
|
77,830
|
Others
|
|
|
24,503
|
|
|
|
16,695
|
Total current
assets
|
|
|
292,358
|
|
|
|
260,233
|
|
|
|
|
|
|
|
|
Financial assets –
non-current & Investments – equity method
|
|
|
23,260
|
|
|
|
20,915
|
Property plant and
equipment
|
|
|
239,867
|
|
|
|
252,384
|
Right-of-use
assets
|
|
|
10,680
|
|
|
|
10,321
|
Intangible
assets
|
|
|
75,980
|
|
|
|
77,283
|
Others
|
|
|
30,789
|
|
|
|
29,123
|
Total
assets
|
|
|
672,934
|
|
|
|
650,259
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
41,037
|
|
|
|
36,610
|
Current portion of
bonds payable & Current portion of long-term
borrowings
|
|
|
14,429
|
|
|
|
6,539
|
Notes and accounts
payable
|
|
|
84,470
|
|
|
|
83,060
|
Others
|
|
|
70,992
|
|
|
|
66,417
|
Total current
liabilities
|
|
|
210,928
|
|
|
|
192,626
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
42,365
|
|
|
|
48,498
|
Long-term
borrowings[3]
|
|
|
121,946
|
|
|
|
137,015
|
Other
liabilities
|
|
|
23,062
|
|
|
|
21,281
|
Total
liabilities
|
|
|
398,301
|
|
|
|
399,420
|
|
|
|
|
|
|
|
|
Equity attributable
to shareholders of the parent
|
|
|
260,077
|
|
|
|
235,186
|
Non-controlling
interests
|
|
|
14,556
|
|
|
|
15,653
|
Total liabilities
& shareholders' equity
|
|
|
672,934
|
|
|
|
650,259
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
|
1.39
|
|
|
|
1.35
|
Net Debt to Equity
Ratio
|
|
|
0.54
|
|
|
|
0.71
|
ASE Technology Holding Co.,
Ltd.
Summary of Consolidated Cash Flow
Statements
(In NT$
millions)
(Unaudited)
|
|
For the three months
ended
|
|
For the year
ended
|
|
|
|
Dec. 31
|
|
Sep. 30
|
|
Dec. 31
|
|
Dec. 31
|
|
Dec. 31
|
|
|
2021
|
2021
|
2020
|
2021
|
2020
|
Cash Flows from
Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Profit before income
tax
|
|
37,336
|
|
18,474
|
|
12,604
|
|
80,336
|
|
35,734
|
|
Depreciation &
amortization
|
|
14,070
|
|
13,864
|
|
12,764
|
|
54,524
|
|
51,259
|
|
Other operating
activities items
|
|
(18,537)
|
|
(17,505)
|
|
2,754
|
|
(53,174)
|
|
(11,932)
|
|
Net cash generated
from operating activities
|
|
32,869
|
|
14,833
|
|
28,122
|
|
81,686
|
|
75,061
|
|
Cash Flows from
Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property, plant and
equipment
|
|
(16,513)
|
|
(20,294)
|
|
(15,139)
|
|
(69,301)
|
|
(57,628)
|
|
Other investment
activities items
|
|
21,812
|
|
(139)
|
|
(4,859)
|
|
20,210
|
|
(3,319)
|
|
Net cash generated
from (used in) investing activities
|
|
5,299
|
|
(20,433)
|
|
(19,998)
|
|
(49,091)
|
|
(60,947)
|
|
Cash Flows from
Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from (repayment of) debts
|
|
(5,936)
|
|
25,319
|
|
(15,686)
|
|
22,343
|
|
(8,285)
|
|
Dividends
paid
|
|
-
|
|
(18,083)
|
|
-
|
|
(18,083)
|
|
(8,521)
|
|
Other financing
activities items
|
|
(9,810)
|
|
(854)
|
|
989
|
|
(10,074)
|
|
(5,189)
|
|
Net cash generated
from (used in) financing activities
|
|
(15,746)
|
|
6,382
|
|
(14,697)
|
|
(5,814)
|
|
(21,995)
|
|
Foreign currency
exchange effect
|
|
232
|
|
(350)
|
|
638
|
|
(2,246)
|
|
(712)
|
|
Net increase
(decrease) in cash and cash
equivalents
|
|
22,654
|
|
432
|
|
(5,935)
|
|
24,535
|
|
(8,593)
|
|
Cash and cash
equivalents at the beginning of period
|
|
53,419
|
|
52,987
|
|
55,814
|
|
51,538
|
|
60,131
|
|
Cash and cash
equivalents at the end of
period
|
|
76,073
|
|
53,419
|
|
49,879
|
|
76,073
|
|
51,538
|
|
Cash and cash
equivalents in the consolidated balance sheet
|
|
76,073
|
|
53,419
|
|
51,538
|
|
76,073
|
|
51,538
|
|
Cash and cash
equivalents included in disposal groups held for sale
|
|
-
|
|
-
|
|
(1,659)
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[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]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-fourth-quarter-and-the-full-year-of-2021-301479424.html
SOURCE ASE Technology Holding Co., Ltd.