TAIPEI,
Taiwan, R.O.C., Feb. 9, 2023
/PRNewswire/ -- ASE Technology Holding Co., Ltd. (TWSE: 3711,
NYSE: ASX) ("We", "ASEH", or the "Company"), the leading provider
of semiconductor assembly and testing services ("ATM") and the
provider of electronic manufacturing services ("EMS"), today
reported its unaudited net revenues[1] of NT$177,417 million for 4Q22, up by 3%
year-over-year (or up by 7% year-over-year on pro forma basis) and
down by 6% sequentially. Net income attributable to
shareholders of the parent for the quarter totaled NT$15,730 million, down from NT$30,916 million in 4Q21 (or up from
NT$14,459 million on pro forma basis)
and down from NT$17,465 million in
3Q22. Basic earnings per share for the quarter were
NT$3.77 (or US$0.240 per ADS), compared to NT$7.20 for 4Q21 (or NT$3.37 on pro forma basis) and NT$4.03 for 3Q22. Diluted earnings per
share for the quarter were NT$3.57
(or US$0.228 per ADS), compared to
NT$6.99 for 4Q21 (or NT$3.21 on pro forma basis) and NT$3.92 for 3Q22.
For the full year of 2022, the Company reported unaudited net
revenues of NT$670,873 million and
net income attributable to shareholders of the parent of
NT$62,090 million. Basic
earnings per share for the full year of 2022 were NT$14.53 (or US$0.980 per ADS). Diluted earnings per
share for the full year of 2022 were NT$13.94 (or US$0.941 per ADS).
We are providing you with the unaudited pro forma financial
information to assist you in your analysis of the financial aspects
of our disposal of the China Sites in 4Q21. The unaudited pro
forma financial information was based on our historical financial
statements and the historical financial statements of our
China sites, given effect to the
disposal as if it had occurred for the preceding three months and
the year ended 4Q21. For more details on our operations,
please refer to "Supplemental Financial Information", "Summary of
Consolidated Statement of Income Data", and "Summary of ATM
Statement of Income Data."
RESULTS OF OPERATIONS
4Q22 Results Highlights – Consolidated
- Net revenues from packaging operations, testing operations, EMS
operations and others represented approximately 43%, 8%, 48% and 1%
of the total net revenues for the quarter, respectively.
- Cost of revenues was NT$143,318
million for the quarter, down from NT$150,654 million in 3Q22.
- Raw material cost totaled NT$96,191
million for the quarter, representing 54% of the total net
revenues.
- Labor cost totaled NT$16,947
million for the quarter, representing 10% of the total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$13,034 million for the
quarter.
- Gross margin decreased by 0.9 percentage points to 19.2% in
4Q22 from 20.1% in 3Q22.
- Operating margin was 11.1% in 4Q22, compared to 12.6% in
3Q22.
- In terms of non-operating items:
- Net interest expense was NT$1,093
million.
- Net foreign exchange gain was NT$2,763 million, primarily attributable to the
depreciation of the U.S. dollar against the New Taiwan dollar.
- Net loss on valuation of financial assets and liabilities
was NT$1,720 million.
- Net gain on equity-method investments was NT$85 million.
- Other net non-operating income was NT$403 million, primarily attributable to
miscellaneous income. Total non-operating income for the
quarter was NT$438 million.
- Income before tax was NT$20,212
million in 4Q22, compared to NT$23,615 million in 3Q22. We recorded
income tax expenses of NT$3,596
million for the quarter, compared to NT$5,046 million in 3Q22.
- Net income attributable to shareholders of the parent was
NT$15,730 million in 4Q22, compared
to NT$30,916 million in 4Q21 and
NT$17,465 million in 3Q22.
- Our total number of shares outstanding at the end of the
quarter was 4,367,242,902, including treasury stock owned by our
subsidiaries in 4Q22. Our 4Q22 basic earnings per share of
NT$3.77 (or US$0.240 per ADS) were based on 4,172,537,568
weighted average numbers of shares outstanding in 4Q22. Our
4Q22 diluted earnings per share of NT$3.57 (or US$0.228 per ADS) were based on 4,218,765,387
weighted average number of shares outstanding in 4Q22.
4Q22 Results Highlights – ATM
- Net revenues were NT$94,322
million for the quarter, up by 3% year-over-year (or up by
11% year-over-year on pro forma basis) and down by 5%
sequentially.
- Cost of revenues was NT$68,129
million for the quarter, down by 3% sequentially.
- Raw material cost totaled NT$27,676
million for the quarter, representing 29% of the total net
revenues.
- Labor cost totaled NT$13,800
million for the quarter, representing 15% of the total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$11,730 million for the
quarter.
- Gross margin decreased by 1.4 percentage points to 27.8% in
4Q22 from 29.2% in 3Q22.
- Operating margin was 16.7% in 4Q22, compared to 18.9% in
3Q22.
4Q22 Results Highlights – EMS
- Net revenues were NT$83,933
million, down by 7% sequentially.
- Cost of revenues for the quarter was NT$76,131 million, down by 7% sequentially.
- Raw material cost totaled NT$68,444
million for the quarter, representing 82% of the total net
revenues.
- Labor cost totaled NT$3,037
million for the quarter, representing 4% of the total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$1,028 million for the
quarter.
- Gross margin decreased by 0.8 percentage points to 9.3% in 4Q22
from 10.1% in 3Q22.
- Operating margin was 4.7% in 4Q22, compared to 5.7% in
3Q22.
2022 Full-Year Results Highlights – Consolidated
- Net revenues for the full year of 2022 amounted to NT$670,873 million, up by 18% from the full year
of 2021. Net revenues from packaging operations, testing
operations, EMS operations and others represented approximately
45%, 9%, 45% and 1% of total net revenues for the year,
respectively.
- Cost of revenue for the year of 2022 was NT$535,943 million, compared to NT$459,628 million in 2021.
- Raw material cost totaled NT$349,814
million for the year, representing 52% of total net
revenues.
- Labor cost totaled NT$68,024
million for the year, representing 10% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$50,767 million for the year.
- Gross margin increased by 0.7 percentage points to 20.1% in
2022 from 19.4% in 2021.
- Operating margin increased to 12.0% in 2022 from 10.9% in
2021.
- Total non-operating income for the year was NT$1,450 million, compared to NT$18,211 million in 2021.
- Income before tax was NT$81,626
million in 2022. We recognized an income tax expense
of NT$16,399 million for the
year.
- Net income attributable to shareholders of the parent amounted
to NT$62,090 million in 2022,
compared to NT$63,908 million in
2021.
- Our total number of shares outstanding at the end of the year
was 4,367,242,902, including treasury stock owned by our
subsidiaries in 4Q22. Our 2022 basic earnings per share of
NT$14.53 (or US$0.980 per ADS) were based on 4,274,686,776
weighted average numbers of shares outstanding in 2022. Our
2022 diluted earnings per share of NT$13.94 (or US$0.941 per ADS) were based on 4,323,422,198
weighted average number of shares outstanding in 2022.
2022 Full-Year Results Highlights – ATM
- Cost of revenues for the full year of 2022 was NT$266,283 million, compared to NT$246,133 million in 2021.
- Raw material cost totaled NT$105,276
million for the year, representing 28% of total net
revenues.
- Labor cost totaled NT$56,314
million for the year, representing 15% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$45,833 million for the year.
- Gross margin increased to 28.5% in 2022 from 26.5% in
2021.
- Operating margin increased to 17.9% in 2022 from 16.0% in
2021.
2022 Full-Year Results Highlights – EMS
- Cost of revenues was NT$272,951
million in 2022, up by 25% from 2021.
- Raw material cost totaled NT$244,177
million for the year, representing 81% of total net
revenues.
- Labor cost totaled NT$11,270
million for the year, representing 4% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$3,848 million for the year.
- Gross margin increased to 9.6% in 2022 from 9.0% in 2021.
- Operating margin increased to 4.6% in 2022 from 3.6% in
2021.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 4Q22 totaled US$339 million, of which US$121 million was used in packaging operations,
US$183 million in testing operations,
US$25 million in EMS operations and
US$10 million in interconnect
materials operations and others.
- Capital expenditures in 2022 totaled US$1,697 million, of which US$918 million was used in packaging operations,
US$574 million in testing operations,
US$154 million in EMS operations and
US$51 million in interconnect
materials operations and others.
- Total unused credit lines amounted to NT$345,951 million as of December 31, 2022.
- Current ratio was 1.35 and net debt to equity ratio was 0.43 as
of December 31, 2022.
- Total number of employees was 97,198 as of December 31, 2022, compared to 99,104 as of
September 30, 2022.
BUSINESS REVIEW
Customers
ATM BASIS
- Our five largest customers together accounted for approximately
44% of our total net revenues in 4Q22, compared to 45% in
3Q22. One customer accounted for more than 10% of our total
net revenues in 4Q22.
- Our top 10 customers contributed 58% of our total net revenues
in 4Q22, compared to 59% in 3Q22.
- Our customers that are integrated device manufacturers or IDMs
accounted for 34% of our total net revenues in 4Q22, compared
to 33% in 3Q22.
EMS BASIS
- Our five largest customers together accounted for approximately
73% of our total net revenues in 4Q22, compared to 74% in
3Q22. One customer accounted for more than 10% of our total
net revenues in 4Q22.
- Our top 10 customers contributed 80% of our total net revenues
in 4Q22, compared to 81% in 3Q22.
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
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, Vietnam, Mexico, and Tunisia 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 2021
Annual Report on Form 20-F filed on March
29, 2022.
Supplemental Financial Information
(Unaudited)
Consolidated Operations
|
Pro Forma
Basis
|
|
4Q22
|
3Q22
|
4Q21
|
4Q21
|
EBITDA (NT$
million)
|
35,855
|
38,601
|
51,938
|
32,624
|
ATM Operations
|
Pro Forma
Basis
|
|
4Q22
|
3Q22
|
4Q21
|
4Q21
|
Net Revenues (NT$
million)
|
94,322
|
98,831
|
91,958
|
85,180
|
Revenue by Application
|
|
|
|
|
Communication
|
53 %
|
53 %
|
50 %
|
53 %
|
Computing
|
16 %
|
16 %
|
16 %
|
16 %
|
Automotive, Consumer
& Others
|
31 %
|
31 %
|
34 %
|
31 %
|
Revenue by Type
|
|
|
|
|
Bumping, Flip Chip, WLP
& SiP
|
43 %
|
42 %
|
38 %
|
40 %
|
Wirebonding
|
33 %
|
34 %
|
37 %
|
36 %
|
Others
|
7 %
|
7 %
|
8 %
|
7 %
|
Testing
|
15 %
|
15 %
|
15 %
|
15 %
|
Material
|
2 %
|
2 %
|
2 %
|
2 %
|
Capacity & EBITDA
|
|
|
|
|
CapEx (US$
million)*
|
311
|
348
|
404
|
368
|
EBITDA (NT$
million)
|
29,856
|
31,657
|
47,090
|
27,776
|
Number of
Wirebonders
|
25,854
|
25,887
|
25,803
|
25,803
|
Number of
Testers
|
5,359
|
5,406
|
4,890
|
4,890
|
EMS Operations
|
4Q22
|
3Q22
|
4Q21
|
Net Revenues (NT$
million)
|
83,933
|
90,665
|
81,544
|
Revenue by Application
|
|
|
|
Communication
|
38 %
|
37 %
|
38 %
|
Computing
|
9 %
|
9 %
|
8 %
|
Consumer
|
34 %
|
36 %
|
38 %
|
Industrial
|
12 %
|
11 %
|
11 %
|
Automotive
|
6 %
|
6 %
|
4 %
|
Others
|
1 %
|
1 %
|
1 %
|
Capacity
|
|
|
|
CapEx (US$
million)*
|
25
|
50
|
68
|
* Capital expenditure excludes building construction
costs.
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income
Data
(In NT$ millions, except per share
data)
(Unaudited)
|
For the three months
ended
|
|
For the year
ended
|
|
|
|
Pro Forma
Basis
|
|
|
|
Pro Forma
Basis
|
|
|
Dec. 31
2022
|
|
Sep. 30
2022
|
|
Dec. 31
2021
|
|
Dec. 31
2021
|
|
Dec. 31
2022
|
|
Dec. 31
2021
|
|
Dec. 31
2021
|
|
Net revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
76,630
|
|
80,541
|
|
75,366
|
|
69,644
|
|
303,948
|
|
272,544
|
|
251,193
|
|
Testing
|
14,676
|
|
14,942
|
|
13,756
|
|
12,700
|
|
55,960
|
|
49,979
|
|
45,912
|
|
EMS
|
83,931
|
|
90,660
|
|
81,541
|
|
81,541
|
|
301,967
|
|
239,488
|
|
239,488
|
|
Others
|
2,180
|
|
2,483
|
|
2,273
|
|
2,273
|
|
8,998
|
|
7,986
|
|
7,986
|
|
Total net
revenues
|
177,417
|
|
188,626
|
|
172,936
|
|
166,158
|
|
670,873
|
|
569,997
|
|
544,579
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(143,318)
|
|
(150,654)
|
|
(140,042)
|
|
(134,704)
|
|
(535,943)
|
|
(459,628)
|
|
(439,536)
|
|
Gross profit
|
34,099
|
|
37,972
|
|
32,894
|
|
31,454
|
|
134,930
|
|
110,369
|
|
105,043
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(6,951)
|
|
(6,262)
|
|
(5,714)
|
|
(5,475)
|
|
(24,370)
|
|
(21,053)
|
|
(20,174)
|
|
Selling, general and
administrative
|
(7,374)
|
|
(8,027)
|
|
(7,565)
|
|
(7,203)
|
|
(30,384)
|
|
(27,191)
|
|
(25,831)
|
|
Total operating
expenses
|
(14,325)
|
|
(14,289)
|
|
(13,279)
|
|
(12,678)
|
|
(54,754)
|
|
(48,244)
|
|
(46,005)
|
|
Operating
income
|
19,774
|
|
23,683
|
|
19,615
|
|
18,776
|
|
80,176
|
|
62,125
|
|
59,038
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
income and expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(1,093)
|
|
(966)
|
|
(553)
|
|
(537)
|
|
(3,334)
|
|
(2,257)
|
|
(2,209)
|
|
Foreign exchange gain
(loss)
|
2,763
|
|
(2,818)
|
|
496
|
|
525
|
|
(2,460)
|
|
1,395
|
|
1,396
|
|
Gain (loss) on
valuation of financial assets and liabilities
|
(1,720)
|
|
2,878
|
|
(483)
|
|
(551)
|
|
4,108
|
|
(1,490)
|
|
(1,607)
|
|
Gain on equity-method
investments
|
85
|
|
358
|
|
192
|
|
192
|
|
1,128
|
|
974
|
|
974
|
|
Others
|
403
|
|
480
|
|
18,069
|
|
468
|
|
2,008
|
|
19,589
|
|
1,776
|
|
Total non-operating
income and expenses
|
438
|
|
(68)
|
|
17,721
|
|
97
|
|
1,450
|
|
18,211
|
|
330
|
|
Income before
tax
|
20,212
|
|
23,615
|
|
37,336
|
|
18,873
|
|
81,626
|
|
80,336
|
|
59,368
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(3,596)
|
|
(5,046)
|
|
(5,592)
|
|
(3,586)
|
|
(16,399)
|
|
(14,322)
|
|
(12,027)
|
|
Income from operations
and before non-controlling interests
|
16,616
|
|
18,569
|
|
31,744
|
|
15,287
|
|
65,227
|
|
66,014
|
|
47,341
|
|
Non-controlling
interests
|
(886)
|
|
(1,104)
|
|
(828)
|
|
(828)
|
|
(3,137)
|
|
(2,106)
|
|
(2,106)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable
to shareholders of the
parent
|
15,730
|
|
17,465
|
|
30,916
|
|
14,459
|
|
62,090
|
|
63,908
|
|
45,235
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$3.77
|
|
NT$4.03
|
|
NT$7.20
|
|
NT$3.37
|
|
NT$14.53
|
|
NT$14.84
|
|
NT$10.51
|
|
– Diluted
|
NT$3.57
|
|
NT$3.92
|
|
NT$6.99
|
|
NT$3.21
|
|
NT$13.94
|
|
NT$14.40
|
|
NT$10.12
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per equivalent
ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.240
|
|
US$0.268
|
|
US$0.518
|
|
US$0.242
|
|
US$0.980
|
|
US$1.061
|
|
US$0.751
|
|
– Diluted
|
US$0.228
|
|
US$0.260
|
|
US$0.504
|
|
US$0.231
|
|
US$0.941
|
|
US$1.029
|
|
US$0.723
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in diluted EPS calculation (NT$ in
thousands)
|
4,218,765
|
|
4,373,878
|
|
4,343,537
|
|
4,343,537
|
|
4,323,422
|
|
4,365,668
|
|
4,365,668
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FX (NTD/USD)
|
31.36
|
|
30.10
|
|
27.78
|
|
27.78
|
|
29.64
|
|
27.98
|
|
27.98
|
|
ASE Technology Holding Co., Ltd.
Summary of ATM Statement of Income
Data
(In NT$ millions)
(Unaudited)
|
For the three months
ended
|
|
For the year
ended
|
|
|
|
Pro Forma
Basis
|
|
|
|
Pro Forma
Basis
|
|
|
Dec. 31
2022
|
|
Sep. 30
2022
|
|
Dec. 31
2021
|
|
Dec. 31
2021
|
|
Dec. 31
2022
|
|
Dec. 31
2021
|
|
Dec. 31
2021
|
|
Net revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
78,119
|
|
82,090
|
|
76,664
|
|
70,942
|
|
310,024
|
|
279,365
|
|
258,014
|
|
Testing
|
14,676
|
|
14,941
|
|
13,756
|
|
12,700
|
|
55,960
|
|
49,981
|
|
45,914
|
|
Direct
Material
|
1,486
|
|
1,765
|
|
1,502
|
|
1,502
|
|
6,018
|
|
5,346
|
|
5,346
|
|
Others
|
41
|
|
35
|
|
36
|
|
36
|
|
174
|
|
113
|
|
113
|
|
Total net
revenues
|
94,322
|
|
98,831
|
|
91,958
|
|
85,180
|
|
372,176
|
|
334,805
|
|
309,387
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(68,129)
|
|
(69,999)
|
|
(66,217)
|
|
(60,879)
|
|
(266,283)
|
|
(246,133)
|
|
(226,041)
|
|
Gross profit
|
26,193
|
|
28,832
|
|
25,741
|
|
24,301
|
|
105,893
|
|
88,672
|
|
83,346
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(5,263)
|
|
(4,901)
|
|
(4,479)
|
|
(4,241)
|
|
(18,754)
|
|
(16,259)
|
|
(15,380)
|
|
Selling, general and
administrative
|
(5,152)
|
|
(5,268)
|
|
(5,206)
|
|
(4,844)
|
|
(20,692)
|
|
(18,981)
|
|
(17,621)
|
|
Total operating
expenses
|
(10,415)
|
|
(10,169)
|
|
(9,685)
|
|
(9,085)
|
|
(39,446)
|
|
(35,240)
|
|
(33,001)
|
|
Operating
income
|
15,778
|
|
18,663
|
|
16,056
|
|
15,216
|
|
66,447
|
|
53,432
|
|
50,345
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASE Technology Holding Co., Ltd.
Summary of EMS Statement of Income
Data
(In NT$ millions)
(Unaudited)
|
For the three months
ended
|
|
For the year
ended
|
|
Dec. 31
2022
|
|
Sep. 30
2022
|
|
Dec. 31
2021
|
|
Dec. 31
2022
|
|
Dec. 31
2021
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenues
|
83,933
|
|
90,665
|
|
81,544
|
|
301,982
|
|
239,519
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(76,130)
|
|
(81,467)
|
|
(74,436)
|
|
(272,951)
|
|
(218,040)
|
|
Gross profit
|
7,803
|
|
9,198
|
|
7,108
|
|
29,031
|
|
21,479
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,710)
|
|
(1,392)
|
|
(1,256)
|
|
(5,731)
|
|
(4,897)
|
|
Selling, general and
administrative
|
(2,134)
|
|
(2,676)
|
|
(2,253)
|
|
(9,344)
|
|
(7,876)
|
|
Total operating
expenses
|
(3,844)
|
|
(4,068)
|
|
(3,509)
|
|
(15,075)
|
|
(12,773)
|
|
Operating
income
|
3,959
|
|
5,130
|
|
3,599
|
|
13,956
|
|
8,706
|
|
|
|
|
|
|
|
|
|
|
|
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet
Data
(In NT$ millions)
(Unaudited)
|
|
|
As of Dec. 31,
2022
|
|
|
As of Sep. 30,
2022
|
Current
assets
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
58,040
|
|
|
52,358
|
Financial assets –
current
|
|
|
7,560
|
|
|
9,667
|
Notes and accounts
receivable
|
|
|
114,647
|
|
|
140,178
|
Inventories
|
|
|
92,826
|
|
|
101,287
|
Others
|
|
|
27,294
|
|
|
29,239
|
Total current
assets
|
|
|
300,367
|
|
|
332,729
|
|
|
|
|
|
|
|
Financial assets –
non-current & Investments – equity method
|
|
|
22,909
|
|
|
22,926
|
Property, plant and
equipment
|
|
|
268,235
|
|
|
264,508
|
Right-of-use
assets
|
|
|
11,061
|
|
|
11,822
|
Intangible
assets
|
|
|
72,835
|
|
|
73,590
|
Others
|
|
|
31,661
|
|
|
32,254
|
Total assets
|
|
|
707,068
|
|
|
737,829
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
46,731
|
|
|
78,056
|
Current portion of
bonds payable &
Current portion of long-term
borrowings
|
|
|
10,041
|
|
|
8,157
|
Notes and accounts
payable
|
|
|
78,997
|
|
|
104,286
|
Others
|
|
|
86,492
|
|
|
83,248
|
Total current
liabilities
|
|
|
222,261
|
|
|
273,747
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
42,851
|
|
|
40,534
|
Long-term
borrowings[2]
|
|
|
94,948
|
|
|
89,273
|
Other
liabilities
|
|
|
27,083
|
|
|
28,625
|
Total
liabilities
|
|
|
387,143
|
|
|
432,179
|
|
|
|
|
|
|
|
Equity attributable
to shareholders of the
parent
|
|
|
301,285
|
|
|
288,361
|
Non-controlling
interests
|
|
|
18,640
|
|
|
17,289
|
Total liabilities &
shareholders' equity
|
|
|
707,068
|
|
|
737,829
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
|
1.35
|
|
|
1.22
|
Net Debt to Equity
Ratio
|
|
|
0.43
|
|
|
0.53
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Cash Flow
Data
(In NT$ millions)
(Unaudited)
|
|
For the
three months ended
|
|
For the year
ended
|
|
|
|
Dec. 31
|
|
Sep. 30
|
|
Dec. 31
|
|
Dec. 31
|
|
Dec. 31
|
|
|
2022
|
2022
|
2021
|
2022
|
2021
|
Cash Flows from
Operating Activities
|
|
|
|
|
|
|
|
|
|
|
|
Profit before income
tax
|
|
20,212
|
|
23,615
|
|
37,336
|
|
81,626
|
|
80,336
|
|
Depreciation &
amortization
|
|
14,253
|
|
13,947
|
|
14,070
|
|
55,452
|
|
54,524
|
|
Other operating
activities items
|
|
15,694
|
|
(18,944)
|
|
(18,488)
|
|
(26,094)
|
|
(53,126)
|
|
Net cash generated from
operating activities
|
|
50,159
|
|
18,618
|
|
32,918
|
|
110,984
|
|
81,734
|
|
Cash Flows from
Investing Activities
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property, plant and
equipment
|
|
(20,197)
|
|
(17,219)
|
|
(16,513)
|
|
(71,890)
|
|
(69,301)
|
|
Other investment
activities items
|
|
(1,352)
|
|
288
|
|
21,812
|
|
(2,062)
|
|
20,209
|
|
Net cash generated
from (used in) investing activities
|
|
(21,549)
|
|
(16,931)
|
|
5,299
|
|
(73,952)
|
|
(49,092)
|
|
Cash Flows from
Financing Activities
|
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from (repayment of) borrowings and bonds
|
|
(17,949)
|
|
1,111
|
|
(5,936)
|
|
(31,128)
|
|
22,343
|
|
Dividends
paid
|
|
-
|
|
(29,991)
|
|
-
|
|
(29,991)
|
|
(18,083)
|
|
Other financing
activities items
|
|
112
|
|
(228)
|
|
(9,868)
|
|
(1,278)
|
|
(10,131)
|
|
Net cash used in
financing activities
|
|
(17,837)
|
|
(29,108)
|
|
(15,804)
|
|
(62,397)
|
|
(5,871)
|
|
Foreign currency
exchange effect
|
|
(5,091)
|
|
6,933
|
|
241
|
|
7,332
|
|
(2,236)
|
|
Net increase (decrease)
in cash and cash equivalents
|
|
5,682
|
|
(20,488)
|
|
22,654
|
|
(18,033)
|
|
24,535
|
|
Cash and cash
equivalents at the beginning of period
|
|
52,358
|
|
72,846
|
|
53,419
|
|
76,073
|
|
51,538
|
|
Cash and cash
equivalents at the end of period
|
|
58,040
|
|
52,358
|
|
76,073
|
|
58,040
|
|
76,073
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[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 year-end audited
consolidated financial statements, and may vary materially from the
year-end 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
year-end 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] 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-its-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-the-full-year-of-2022-301742780.html
SOURCE ASE Technology Holding Co., Ltd.