UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
February 9, 2023
|
Commission File
Number 001-16125 |
| |
|
|
ASE
Technology Holding Co., Ltd. |
|
(Translation
of registrant’s name into English) |
| |
|
|
26, Chin 3rd Road
Kaohsiung, Taiwan
Republic of China
|
|
(Address of
principal executive offices) |
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): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the
submission in paper of a Form 6-K if submitted solely to provide an
attached annual report to security holders.
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): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the
submission in paper of a Form 6-K if submitted to furnish a report
or other document that the registrant foreign private issuer must
furnish and make public under the laws of the jurisdiction in which
the registrant is incorporated, domiciled or legally organized (the
registrant’s “home country”), or under the rules of the home
country exchange on which the registrant’s securities are traded,
as long as the report or other document is not a press release, is
not required to be and has not been distributed to the registrant’s
security holders, and, if discussing a material event, has already
been the subject of a Form 6-K submission or other Commission
filing on EDGAR.
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 |
ASE Technology (NYSE:ASX)
Historical Stock Chart
Von Mai 2023 bis Jun 2023
ASE Technology (NYSE:ASX)
Historical Stock Chart
Von Jun 2022 bis Jun 2023
