Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
ASE TECHNOLOGY HOLDING CO., LTD. |
| |
|
| |
|
| Date: February 9, 2023
|
By: |
/s/ Joseph Tung |
| |
|
Name: Joseph Tung |
| |
|
Title: Chief Financial Officer |
Investor Relations
Contact:
ir@aseglobal.com
Tel:
+886.2.6636.5678
http://www.aseglobal.com
ASE Technology
Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2022
Taipei,
Taiwan, R.O.C., February 9, 2023 – 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 revenues1 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
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.
4Q22
Results Highlights – Consolidated
| l | 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. |
| l | 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. |
| l | Gross
margin decreased by 0.9 percentage points to 19.2% in 4Q22 from 20.1% in 3Q22. |
| l | Operating
margin was 11.1% in 4Q22, compared to 12.6% in 3Q22. |
| l | 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. |
| l | 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. |
| l | 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. |
| l | 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
| l | 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. |
| l | 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. |
| l | Gross
margin decreased by 1.4 percentage points to 27.8% in 4Q22 from 29.2% in 3Q22. |
| l | Operating
margin was 16.7% in 4Q22, compared to 18.9% in 3Q22. |
4Q22
Results Highlights – EMS
| l | Net
revenues were NT$83,933 million, down by 7% sequentially. |
| l | 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. |
| l | Gross
margin decreased by 0.8 percentage points to 9.3% in 4Q22 from 10.1% in 3Q22. |
| l | Operating
margin was 4.7% in 4Q22, compared to 5.7% in 3Q22. |
2022
Full-Year Results Highlights – Consolidated
| l | 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. |
| l | 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. |
| l | Gross
margin increased by 0.7 percentage points to 20.1% in 2022 from 19.4% in 2021. |
| l | Operating
margin increased to 12.0% in 2022 from 10.9% in 2021. |
| l | Total
non-operating income for the year was NT$1,450 million, compared to NT$18,211 million in
2021. |
| l | Income
before tax was NT$81,626 million in 2022. We recognized an income tax expense of NT$16,399
million for the year. |
| l | Net
income attributable to shareholders of the parent amounted to NT$62,090 million in 2022,
compared to NT$63,908 million in 2021. |
| l | 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
| l | 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. |
| l | Gross
margin increased to 28.5% in 2022 from 26.5% in 2021. |
| l | Operating
margin increased to 17.9% in 2022 from 16.0% in 2021. |
2022
Full-Year Results Highlights – EMS
| l | 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. |
| l | Gross
margin increased to 9.6% in 2022 from 9.0% in 2021. |
| l | Operating
margin increased to 4.6% in 2022 from 3.6% in 2021. |
LIQUIdiTY
AND CAPITAL RESOURCES
| l | 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. |
| l | 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. |
| l | Total
unused credit lines amounted to NT$345,951 million as of December 31, 2022. |
| l | Current
ratio was 1.35 and net debt to equity ratio was 0.43 as of December 31, 2022. |
| l | 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
| l | 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. |
| l | Our
top 10 customers contributed 58% of our total net revenues in 4Q22, compared to 59% in 3Q22.
|
| l | 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
| l | 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. |
| l | 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 borrowings2 |
|
|
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 |
2 Long-term
borrowings include long-term loans and bills payable.
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 |