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 1, 2024
| 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.
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 1,
2024
|
By: |
/s/ Joseph Tung |
| |
|
Name: Joseph Tung |
| |
|
Title: Chief Financial Officer |
Investor Relations Contact:
ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.com |
|
|
ASE Technology Holding Co., Ltd. Reports Its
Unaudited Consolidated Financial Results for the Fourth Quarter and the Full Year of 2023
Taipei,
February 1, 2024 – 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$160,581 million
for 4Q23, down by 9.5% year-over-year and up by 4.2% sequentially. Net income attributable to shareholders of the parent for the quarter
totaled NT$9,392 million, down from NT$15,730 million in 4Q22 and up from NT$8,776 million in 3Q23. Basic earnings per share for the
quarter were NT$2.18 (or US$0.137 per ADS), compared to NT$3.77 for 4Q22 and NT$2.04 for 3Q23. Diluted earnings per share for the quarter
were NT$2.13 (or US$0.133 per ADS), compared to NT$3.57 for 4Q22 and NT$2.00 for 3Q23.
For
the full year of 2023, the Company reported unaudited net revenues of NT$581,914 million and net income attributable to shareholders
of the parent of NT$31,725 million. Basic earnings per share for the full year of 2023 were NT$7.39 (or US$0.475 per ADS). Diluted earnings
per share for the full year of 2023 were NT$7.18 (or US$0.462 per ADS).
RESULTS
OF OPERATIONS
4Q23
Results Highlights – Consolidated
| l | Net
revenues from packaging operations, testing operations, EMS operations, and others represented
approximately 41%, 9%, 49%, and 1% of the total net revenues for the quarter, respectively. |
| l | Cost
of revenues was NT$134,820 million for the quarter, up from NT$129,251 million in 3Q23. |
| - | Raw
material cost totaled NT$87,527 million for the quarter, representing 55% of the total net
revenues. |
| - | Labor
cost totaled NT$15,562 million for the quarter, representing 10% of the total net revenues. |
| - | Depreciation,
amortization and rental expenses totaled NT$13,192 million for the quarter. |
| l | Gross
margin decreased by 0.2 percentage points to 16.0% in 4Q23 from 16.2% in 3Q23. |
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.
| l | Operating margin was 7.4% in both 4Q23 and 3Q23. |
| l | In terms of non-operating items: |
| - | Net interest expense was NT$1,302
million. |
| - | Net foreign exchange gain was
NT$3,731 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$2,977 million. |
| - | Net gain on equity-method investments was NT$155 million. |
| - | Other net non-operating income was NT$945 million, primarily attributable to miscellaneous income. Total non-operating income for
the quarter was NT$552 million. |
| l | Income before tax was NT$12,367 million in 4Q23,
compared to NT$12,252 million in 3Q23. We recorded income tax expenses of NT$2,461 million for the quarter, compared to NT$2,890 million
in 3Q23. |
| l | Net
income attributable to shareholders of the parent was NT$9,392
million in 4Q23, compared to NT$15,730 million in 4Q22 and NT$8,776 million in 3Q23. |
| l | Our
total number of shares outstanding at the end of the quarter was 4,384,426,737, including treasury stock owned by our subsidiaries in
4Q23. Our 4Q23 basic earnings per share of NT$2.18 (or US$0.137 per ADS) were based on 4,304,588,209 weighted average numbers of shares
outstanding in 4Q23. Our 4Q23 diluted earnings per share of NT$2.13 (or US$0.133 per ADS) were based on 4,351,271,177 weighted average
number of shares outstanding in 4Q23. |
4Q23
Results Highlights – ATM
| l | Net
revenues were NT$82,004 million for the quarter, down by 13.1% year-over-year and down by 2.0% sequentially. |
| l | Cost
of revenues was NT$62,786 million
for the quarter, down by 8% year-over-year and down by 4% sequentially. |
| - | Raw material cost totaled NT$23,171
million for the quarter, representing 28% of the total net revenues. |
| - | Labor cost totaled NT$12,390
million for the quarter, representing 15% of the total net revenues. |
| - | Depreciation, amortization and
rental expenses totaled NT$11,772 million for the quarter. |
| l | Gross margin increased by 1.2 percentage points
to 23.4% in 4Q23 from 22.2% in 3Q23. |
| l | Operating
margin was 11.2% in 4Q23, compared to 10.5% in 3Q23. |
4Q23
Results Highlights – EMS
| l | Net
revenues were NT$79,182 million, down by 6% year-over-year and up by 12% sequentially. |
| l | Cost
of revenues for the quarter was NT$72,496 million, down by 5% year-over-year and up by 12% sequentially. |
| - | Raw material cost totaled NT$64,279
million for the quarter, representing 81% of the total net revenues. |
| - | Labor cost totaled NT$3,056 million
for the quarter, representing 4% of the total net revenues. |
| - | Depreciation, amortization and
rental expenses totaled NT$1,156 million for the quarter. |
| l | Gross margin decreased by 0.7 percentage points
to 8.4% in 4Q23 from 9.1% in 3Q23. |
| l | Operating margin was 3.5% in 4Q23, compared to
3.9% in 3Q23. |
2023
Full-Year Results Highlights – Consolidated
| l | Net
revenues for the full year of 2023 amounted to NT$581,914 million, down by 13% from the full year of 2022. Net revenues from packaging
operations, testing operations, EMS operations and others represented approximately 44%, 9%, 46% and 1% of total net revenues for the
year, respectively. |
| l | Cost
of revenue for the year of 2023 was NT$490,157 million, compared to NT$535,943 million in 2022. |
| - | Raw material cost totaled NT$310,179
million for the year, representing 53% of total net revenues. |
| - | Labor cost totaled NT$60,762
million for the year, representing 10% of total net revenues. |
| - | Depreciation, amortization and
rental expenses totaled NT$52,485 million for the year. |
| l | Gross margin decreased by 4.3 percentage points
to 15.8% in 2023 from 20.1% in 2022. |
| l | Operating margin decreased to 6.9% in 2023 from
12.0% in 2022. |
| l | Total non-operating income for the year was NT$2,272
million, compared to NT$1,450 million in 2022. |
| l | Income before tax was NT$42,600 million in 2023.
We recognized an income tax expense of NT$9,043 million for the year. |
| l | Net income attributable to shareholders of the
parent amounted to NT$31,725 million in 2023, compared to NT$62,090 million in 2022. |
| l | Our 2023 basic earnings per share of NT$7.39 (or
US$0.475 per ADS) were based on 4,295,871,311 weighted average numbers of shares outstanding in 2023. Our 2023 diluted earnings per share
of NT$7.18 (or US$0.462 per ADS) were based on 4,347,671,048 weighted average number of shares outstanding in 2023. |
2023
Full-Year Results Highlights – ATM
| l | Cost
of revenues for the full year of 2023 was NT$246,397 million, compared to NT$266,283 million in 2022. |
| - | Raw material cost totaled NT$93,110
million for the year, representing 30% of total net revenues. |
| - | Labor cost totaled NT$48,967
million for the year, representing 16% of total net revenues. |
| - | Depreciation, amortization and
rental expenses totaled NT$47,090 million for the year. |
| l | Gross margin decreased to 21.8% in 2023 from 28.5%
in 2022. |
| l | Operating margin decreased to 10.1% in 2023 from
17.9% in 2022. |
2023
Full-Year Results Highlights – EMS
| l | Cost
of revenues was NT$244,947 million in 2023, down by 10% from 2022. |
| - | Raw material cost totaled NT$216,824
million for the year, representing 81% of total net revenues. |
| - | Labor cost totaled NT$11,340
million for the year, representing 4% of total net revenues. |
| - | Depreciation, amortization and
rental expenses totaled NT$4,331 million for the year. |
| l | Gross margin decreased to 8.7% in 2023 from 9.6%
in 2022. |
| l | Operating margin decreased to 3.3% in 2023 from
4.6% in 2022. |
LIQUIdiTY AND CAPITAL
RESOURCES
| l | Capital
expenditures in 4Q23 totaled US$234 million, of which US$130 million was used in packaging operations, US$76 million in testing operations,
US$21 million in EMS operations and US$7 million in interconnect materials operations and others. |
| l | Capital
expenditures in 2023 totaled US$914 million, of which US$460 million was used in packaging operations, US$314 million in testing operations,
US$114 million in EMS operations and US$26 million in interconnect materials operations and others. |
| l | Total
unused credit lines amounted to NT$373,763 million as of December 31, 2023. |
| l | Current
ratio was 1.18 and net debt to equity ratio was 0.38 as of December 31, 2023. |
| l | Total
number of employees was 92,908 as of December 31, 2023, compared to 93,289 as of September 30, 2023. |
Business Review
Customers
ATM Basis
| l | Our
five largest customers together accounted for approximately 44% of our total net revenues in 4Q23, compared to 42% in 3Q23. Two customers
each accounted for more than 10% of our total net revenues in 4Q23 individually. |
| l | Our
top 10 customers contributed 58% of our total net revenues in 4Q23, compared to 57% in 3Q23. |
| l | Our
customers that are integrated device manufacturers or IDMs accounted for 30% of our total net revenues in 4Q23, compared to 31% in 3Q23. |
EMS Basis
| l | Our
five largest customers together accounted for approximately 72% of our total net revenues in 4Q23, compared to 70% in 3Q23. One customer
accounted for more than 10% of our total net revenues in 4Q23. |
| l | Our
top 10 customers contributed 79% of our total net revenues in 4Q23, compared to 78% in 3Q23. |
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. The announced results of the full year of 2023 are preliminary and subject to audit adjustments.
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 2022 Annual Report on Form 20-F filed on April 10, 2023.
Supplemental
Financial Information
(Unaudited)
Consolidated
Operations
| |
4Q23 |
3Q23 |
4Q22 |
| EBITDA (NT$ million) |
28,606 |
27,822 |
35,855 |
ATM
Operations
| |
4Q23 |
3Q23 |
4Q22 |
| Net Revenues (NT$ million) |
82,004 |
83,684 |
94,322 |
| Revenues
by Application |
|
|
|
| Communication |
53% |
52% |
53% |
| Computing |
17% |
19% |
16% |
| Automotive, Consumer & Others |
30% |
29% |
31% |
| Revenues
by Type |
|
|
|
| Bumping, Flip Chip, WLP & SiP |
44% |
44% |
43% |
| Wirebonding |
30% |
32% |
33% |
| Others |
8% |
8% |
7% |
| Testing |
16% |
15% |
15% |
| Material |
2% |
1% |
2% |
| Capacity
& EBITDA |
|
|
|
| CapEx (US$ million)* |
213 |
210 |
311 |
| EBITDA (NT$ million) |
23,787 |
23,117 |
29,856 |
| Number of Wirebonders |
25,860 |
26,215 |
25,854 |
| Number of Testers |
5,556 |
5,510 |
5,359 |
EMS
Operations
| |
4Q23 |
3Q23 |
4Q22 |
| Net Revenues (NT$ million) |
79,182 |
70,970 |
83,933 |
| Revenues
by Application |
|
|
|
| Communication |
40% |
34% |
38% |
| Computing |
11% |
8% |
9% |
| Consumer |
28% |
37% |
34% |
| Industrial |
11% |
12% |
12% |
| Automotive |
8% |
7% |
6% |
| Others |
2% |
2% |
1% |
| Capacity |
|
|
|
| CapEx (US$ million)* |
21 |
28 |
25 |
* Capital expenditure
excludes building construction costs.
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Income
Data
(In NT$ million, except per share data)
(Unaudited)
| |
For the three months ended |
|
For the year ended |
| |
Dec. 31
2023
|
|
Sep. 30
2023
|
|
Dec. 31
2022
|
|
Dec. 31
2023 |
|
Dec. 31
2022 |
|
| Net revenues |
|
|
|
|
|
|
|
|
|
|
| Packaging |
66,221 |
|
68,709 |
|
76,630 |
|
256,805 |
|
303,948 |
|
| Testing |
13,363 |
|
12,819 |
|
14,676 |
|
49,881 |
|
55,960 |
|
| EMS |
79,155 |
|
70,948 |
|
83,931 |
|
268,218 |
|
301,967 |
|
| Others |
1,842 |
|
1,691 |
|
2,180 |
|
7,010 |
|
8,998 |
|
| Total net revenues |
160,581 |
|
154,167 |
|
177,417 |
|
581,914 |
|
670,873 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
(134,820) |
|
(129,251) |
|
(143,318) |
|
(490,157) |
|
(535,943) |
|
| Gross profit |
25,761 |
|
24,916 |
|
34,099 |
|
91,757 |
|
134,930 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
| Research and development |
(6,950) |
|
(6,759) |
|
(6,951) |
|
(25,499) |
|
(24,370) |
|
| Selling, general and administrative |
(6,996) |
|
(6,752) |
|
(7,374) |
|
(25,930) |
|
(30,384) |
|
| Total operating expenses |
(13,946) |
|
(13,511) |
|
(14,325) |
|
(51,429) |
|
(54,754) |
|
| Operating income |
11,815 |
|
11,405 |
|
19,774 |
|
40,328 |
|
80,176 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Net non-operating income and expenses |
|
|
|
|
|
|
|
|
|
|
| Interest expense - net |
(1,302) |
|
(1,247) |
|
(1,093) |
|
(4,726) |
|
(3,334) |
|
| Foreign exchange gain (loss) |
3,731 |
|
(2,090) |
|
2,763 |
|
998 |
|
(2,460) |
|
| Gain (loss) on valuation of financial assets and liabilities |
(2,977)
|
|
2,820
|
|
(1,720)
|
|
1,860
|
|
4,108
|
|
| Gain on equity-method investments |
155 |
|
656 |
|
85 |
|
1,125 |
|
1,128 |
|
| Others |
945 |
|
708 |
|
403 |
|
3,015 |
|
2,008 |
|
| Total non-operating income and expenses |
552 |
|
847 |
|
438 |
|
2,272 |
|
1,450 |
|
| Income before tax |
12,367 |
|
12,252 |
|
20,212 |
|
42,600 |
|
81,626 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Income tax expense |
(2,461) |
|
(2,890) |
|
(3,596) |
|
(9,043) |
|
(16,399) |
|
| Income from operations and before non-controlling interests |
9,906 |
|
9,362 |
|
16,616 |
|
33,557 |
|
65,227 |
|
| Non-controlling interests |
(514) |
|
(586) |
|
(886) |
|
(1,832) |
|
(3,137) |
|
| |
|
|
|
|
|
|
|
|
|
|
| Net income attributable to shareholders of the parent |
9,392 |
|
8,776 |
|
15,730 |
|
31,725 |
|
62,090 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Per share data: |
|
|
|
|
|
|
|
|
|
|
| Earnings per share |
|
|
|
|
|
|
|
|
|
|
| – Basic |
NT$2.18 |
|
NT$2.04 |
|
NT$3.77 |
|
NT$7.39 |
|
NT$14.53 |
|
| – Diluted |
NT$2.13 |
|
NT$2.00 |
|
NT$3.57 |
|
NT$7.18 |
|
NT$13.94 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Earnings per equivalent ADS |
|
|
|
|
|
|
|
|
|
|
| – Basic |
US$0.137 |
|
US$0.130 |
|
US$0.240 |
|
US$0.475 |
|
US$0.980 |
|
| – Diluted |
US$0.133 |
|
US$0.127 |
|
US$0.228 |
|
US$0.462 |
|
US$0.941 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Number of weighted average shares used in diluted EPS calculation ( in thousand shares) |
4,351,271 |
|
4,347,752 |
|
4,218,765 |
|
4,347,671 |
|
4,323,422 |
|
| |
|
|
|
|
|
|
|
|
|
|
| FX (NTD/USD) |
31.92 |
|
31.45 |
|
31.36 |
|
31.09 |
|
29.64 |
|
ASE Technology Holding Co., Ltd.
Summary of ATM Statement of Income Data
(In NT$ million)
(Unaudited)
| |
For the three months ended |
|
For the year ended |
| |
Dec. 31
2023
|
|
Sep. 30
2023
|
|
Dec. 31
2022
|
|
Dec. 31
2023
|
|
Dec. 31
2022 |
|
| Net revenues |
|
|
|
|
|
|
|
|
|
|
| Packaging |
67,378 |
|
69,731 |
|
78,119 |
|
260,486 |
|
310,024 |
|
| Testing |
13,363 |
|
12,819 |
|
14,676 |
|
49,881 |
|
55,960 |
|
| Direct Material |
1,205 |
|
1,098 |
|
1,486 |
|
4,574 |
|
6,018 |
|
| Others |
58 |
|
36 |
|
41 |
|
174 |
|
174 |
|
| Total net revenues |
82,004 |
|
83,684 |
|
94,322 |
|
315,115 |
|
372,176 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
(62,786) |
|
(65,094) |
|
(68,129) |
|
(246,397) |
|
(266,283) |
|
| Gross profit |
19,218 |
|
18,590 |
|
26,193 |
|
68,718 |
|
105,893 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
| Research and development |
(5,425) |
|
(5,344) |
|
(5,263) |
|
(19,786) |
|
(18,754) |
|
| Selling, general and administrative |
(4,581) |
|
(4,426) |
|
(5,152) |
|
(17,086) |
|
(20,692) |
|
| Total operating expenses |
(10,006) |
|
(9,770) |
|
(10,415) |
|
(36,872) |
|
(39,446) |
|
| Operating income |
9,212 |
|
8,820 |
|
15,778 |
|
31,846 |
|
66,447 |
|
ASE Technology Holding Co., Ltd.
Summary of EMS Statement of Income Data
(In NT$ million)
(Unaudited)
| |
For the three months ended |
|
For the year ended |
| |
Dec. 31
2023
|
|
Sep. 30
2023
|
|
Dec. 31
2022
|
|
Dec. 31
2023
|
|
Dec. 31
2022 |
|
| Net revenues |
|
|
|
|
|
|
|
|
|
|
| Total net revenues |
79,182 |
|
70,970 |
|
83,933 |
|
268,309 |
|
301,982 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Cost of revenues |
(72,496) |
|
(64,500) |
|
(76,130) |
|
(244,947) |
|
(272,951) |
|
| Gross profit |
6,686 |
|
6,470 |
|
7,803 |
|
23,362 |
|
29,031 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
| Research and development |
(1,567) |
|
(1,453) |
|
(1,710) |
|
(5,871) |
|
(5,731) |
|
| Selling, general and administrative |
(2,320) |
|
(2,250) |
|
(2,134) |
|
(8,511) |
|
(9,344) |
|
| Total operating expenses |
(3,887) |
|
(3,703) |
|
(3,844) |
|
(14,382) |
|
(15,075) |
|
| Operating income |
2,799 |
|
2,767 |
|
3,959 |
|
8,980 |
|
13,956 |
|
ASE Technology
Holding Co., Ltd.
Summary of Consolidated Balance Sheet Data
(In NT$ million)
(Unaudited)
| |
|
|
As of Dec. 31, 2023 |
|
|
As of Sep. 30, 2023 |
| Current assets |
|
|
|
|
|
|
| Cash and cash equivalents |
|
|
67,284 |
|
|
62,812 |
| Financial assets – current |
|
|
4,683 |
|
|
9,055 |
| Trade receivables |
|
|
99,529 |
|
|
114,078 |
| Inventories |
|
|
63,275 |
|
|
76,953 |
| Others |
|
|
26,576 |
|
|
29,791 |
| Total current assets |
|
|
261,347 |
|
|
292,689 |
| |
|
|
|
|
|
|
| Financial assets – non-current & Investments – equity method |
|
|
29,698 |
|
|
28,402 |
| Property, plant and equipment |
|
|
264,812 |
|
|
267,316 |
| Right-of-use assets |
|
|
11,442 |
|
|
10,758 |
| Intangible assets |
|
|
69,569 |
|
|
70,538 |
| Others |
|
|
29,707 |
|
|
31,381 |
| Total assets |
|
|
666,575 |
|
|
701,084 |
| |
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
| Short-term borrowings1 |
|
|
53,042 |
|
|
69,639 |
| Current portion of bonds payable & Current portion of long-term borrowings |
|
|
28,616
|
|
|
24,219
|
| Trade payables |
|
|
70,329 |
|
|
79,053 |
| Others |
|
|
70,361 |
|
|
68,600 |
| Total current liabilities |
|
|
222,348 |
|
|
241,511 |
| |
|
|
|
|
|
|
| Bonds payable |
|
|
20,489 |
|
|
23,589 |
| Long-term borrowings2 |
|
|
81,365 |
|
|
94,322 |
| Other liabilities |
|
|
24,263 |
|
|
26,026 |
| Total liabilities |
|
|
348,465 |
|
|
385,448 |
| |
|
|
|
|
|
|
| Equity attributable to shareholders of the parent |
|
|
297,826 |
|
|
295,611 |
| Non-controlling interests |
|
|
20,284 |
|
|
20,025 |
| Total liabilities & shareholders’ equity |
|
|
666,575 |
|
|
701,084 |
| |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Current ratio |
|
|
1.18 |
|
|
1.21 |
| Net debt to equity ratio |
|
|
0.38 |
|
|
0.47 |
1 Short-term borrowings include short-term loans and bills
payable.
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$ million)
(Unaudited)
| |
|
For the three months ended |
|
For the year ended |
|
| |
|
Dec. 31 |
|
Sep. 30 |
|
Dec. 31 |
|
Dec. 31 |
|
Dec. 31 |
|
| |
2023 |
2023 |
2022 |
2023 |
2022 |
| Cash Flows from Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
| Profit before income tax |
|
12,367 |
|
12,252 |
|
20,212 |
|
42,600 |
|
81,626 |
|
| Depreciation & amortization |
|
14,607 |
|
14,568 |
|
14,253 |
|
58,102 |
|
55,452 |
|
| Other operating activities items |
|
19,862 |
|
(5,940) |
|
15,711 |
|
13,728 |
|
(26,077) |
|
| Net cash generated from operating activities |
|
46,836 |
|
20,880 |
|
50,176 |
|
114,430 |
|
111,001 |
|
| Cash Flows from Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for property, plant
and equipment |
|
(11,859) |
|
(14,471) |
|
(20,197) |
|
(53,683) |
|
(71,890) |
|
| Other investment activities items |
|
582 |
|
(151) |
|
(1,352) |
|
(1,439) |
|
(2,062) |
|
| Net cash used in investing activities |
|
(11,277) |
|
(14,622) |
|
(21,549) |
|
(55,122) |
|
(73,952) |
|
| Cash Flows from Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
| Total net proceeds from (repayment of) borrowings and bonds |
|
(24,441) |
|
28,640 |
|
(18,010) |
|
(10,817) |
|
(31,190) |
|
| Dividends paid |
|
- |
|
(37,841) |
|
- |
|
(37,841) |
|
(29,991) |
|
| Other financing activities items |
|
534 |
|
(38) |
|
111 |
|
(443) |
|
(1,278) |
|
| Net cash used in financing activities |
|
(23,907) |
|
(9,239) |
|
(17,899) |
|
(49,101) |
|
(62,459) |
|
| Foreign currency exchange effect |
|
(7,441) |
|
6,443 |
|
(5,046) |
|
(963) |
|
7,377 |
|
|
Net increase (decrease) in cash
and cash equivalents |
|
4,211 |
|
3,462 |
|
5,682 |
|
9,244 |
|
(18,033) |
|
| Cash and cash equivalents at the beginning of period |
|
62,812 |
|
59,351 |
|
52,358 |
|
58,040 |
|
76,073 |
|
|
Cash and cash equivalents at the
end of period |
|
67,023 |
|
62,813 |
|
58,040 |
|
67,284 |
|
58,040 |
|
| Cash and cash equivalents in the consolidated balance sheet |
|
67,284 |
|
62,812 |
|
58,040 |
|
67,284 |
|
58,040 |
|
| Cash and cash equivalents included in disposal groups held for sale |
|
(261) |
|
1 |
|
- |
|
- |
|
- |
|
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