Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year

   Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated
        Financial Results for the Fourth Quarter and Full Year of 2012

PR Newswire

TAIPEI, Taiwan, R.O.C., Jan. 30, 2013



TAIPEI, Taiwan, R.O.C., Jan. 30, 2013 /PRNewswire/ -- Advanced Semiconductor
Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We", "ASE", or the "Company"),
the world's largest independent provider of packaging and testing services,
today reported unaudited net revenue[1] of NT$56,008 million for the fourth
quarter of 2012 (4Q12), up by 21% year-over-year and up by 14% sequentially.
Net income for the quarter totaled NT$4,387 million, up from a net income of
NT$2,639 million in 4Q11 and up from a net income of NT$3,446 million in
3Q12. Diluted earnings per share for the quarter were NT$0.58 (or US$0.099
per ADS), compared to diluted earnings per share of NT$0.35 for 4Q11 and
NT$0.45 for 3Q12.

For the full year of 2012, the Company reported net revenues of NT$193,972
million and net income of NT$13,091 million. Diluted earnings per share for
the full year of 2012 was NT$1.71 or US$0.289 per ADS.

"ASE's continued execution to expand operations and deliver growth led to 5%
year-on-year revenue improvement in 2012, again setting a new record for the
Company," stated ASE Group Chairman and CEO, Jason Chang. "Our steadfast
commitment to shareholders, customers, partners, and employees alike, provides
the strong foundation on which we build our business, particularly as we
embrace this era of mobile communications and optimize our business activities
accordingly."

Chang added, "The macroeconomic climate and the cyclic nature of our industry
will always impact our bottom line, however, our global strategy – expanding
regional capabilities, manufacturing capacity, and product portfolio, to
penetrate new markets and help drive our customers' businesses –is proving the
right long-term strategy for our ongoing success. Clearly, semiconductor is
at the center of huge technology transitions worldwide, and ASE is evolving in
alignment with the opportunities such transitions present."

RESULTS OF OPERATIONS

4Q12 Results Highlights – Consolidated

  oNet revenue contribution from packaging operations, testing operations,
    EMS operations, substrates sold to third parties and others was NT$27,697
    million, NT$6,036 million, NT$20,141 million, NT$650 million and NT$1,484
    million, respectively, and each represented approximately 49%, 11%, 36%,
    1% and 3%, respectively, of total net revenues for the quarter.
  oCost of revenue was NT$45,034 million, up by 19% year-over-year and up
    from NT$39,387 million in the previous quarter.

       oRaw material cost totaled NT$26,136 million during the quarter,
         representing 47% of total net revenue, compared with NT$21,532
         million and 44% of total net revenue in the previous quarter.
       oLabor cost totaled NT$6,677 million during the quarter, representing
         12% of total net revenue, compared with NT$6,428 million and 13% of
         total net revenue in the previous quarter.
       oDepreciation, amortization and rental expenses totaled NT$5,817
         million during the quarter, up by 6% year-over-year and up by 4%
         sequentially.

  oGross margin were 19.6% in 4Q12 and remained the same as 3Q12.
  oTotal operating expenses during 4Q12 were NT$5,031 million, including
    NT$2,138 million in R&D and NT$2,893 million in SG&A, compared with total
    operating expenses of NT$4,806 million in 3Q12. Total operating expenses
    as a percentage of net revenue for the current quarter were 9%, down from
    11% in 4Q11, and down from 10% in 3Q12.
  oOperating income for the quarter totaled NT$5,943 million, up from
    NT$4,798 million in the previous quarter. Operating margin was 10.6% in
    4Q12 compared to 9.8% in 3Q12.
  oIn terms of non-operating items:

       oNet interest expense was NT$491 million, up from NT$409 million in
         the previous quarter.
       oNet foreign exchange gain of NT$587 million was primarily
         attributable to the depreciation of the U.S. dollar against both New
         Taiwanese dollar and Renminbi ("RMB").
       oGain on equity-method investments of NT$73 million was primarily
         attributable to our investment on Hung Ching Kwan Co., Ltd.
       oLoss on valuation of financial assets and liabilities was NT$400
         million.
       oOther net non-operating income of NT$98 million were primarily
         related to miscellaneous income. Total non-operating expenses for
         the quarter were NT$133 million, compared to total non-operating
         expenses of NT$549 million for 4Q11 and total non-operating expenses
         of NT$340 million for 3Q12.

  oIncome before tax was NT$5,810 million for 4Q12, compared to NT$4,458
    million in the previous quarter. We recorded income tax expense of
    NT$1,269 million during the quarter, compared to NT$865 million in 3Q12.
  oIn 4Q12, net income was NT$4,387 million, compared to net income of
    NT$2,639 million for 4Q11 and net income of NT$3,446 million for 3Q12.
  oOur total number of shares outstanding at the end of the quarter was
    7,602,292,066, including treasury stock owned by our subsidiaries. Our
    4Q12 diluted earnings per share of NT$0.58 (or US$0.099 per ADS) were
    based on 7,504,787,408 weighted average number of shares outstanding in
    4Q12.

4Q12 Results Highlights – IC ATM[2]

  oNet revenue from IC ATM was NT$34,395 million for the fourth quarter of
    2012, up 8% year-over-year and up 1% sequentially. Net revenue
    contribution from packaging operations, testing operations, and substrates
    sold to third parties was NT$27,709 million, NT$6,036 million, and NT$650
    million, respectively, and each represented approximately 80%, 18%, and
    2%, respectively, of total net revenues for the quarter.
  oCost of revenues was NT$26,401 million, up by 5% year-over-year and up by
    1% sequentially.

       oRaw material cost totaled NT$9,880 million during the quarter,
         representing 29% of total net revenue, compared with NT$9,780 million
         and 29% of total net revenue in the previous quarter.
       oLabor cost totaled NT$5,957 million during the quarter, representing
         17% of total net revenue, compared with NT$5,798 million and 17% of
         total net revenue in the previous quarter.
       oDepreciation, amortization and rental expenses totaled NT$5,453
         million during the quarter, up by 5% year-over-year and up by 4%
         sequentially.

  oGross margin increased 0.4 percentage points to 23.2% in 4Q12 from 22.8%
    in 3Q12.
  oTotal operating expenses during 4Q12 were NT$3,768 million, including
    NT$1,697 million in R&D and NT$2,071 million in SG&A, compared with total
    operating expenses of NT$3,710 million in 3Q12. Total operating expenses
    as a percentage of net revenue for the current quarter were 11%, and
    remained the same as 4Q11 and 3Q12.
  oOperating income for the quarter totaled NT$4,226 million, up from
    NT$4,016 million in the previous quarter. Operating margin was 12.3% in
    4Q12 compared to 11.8% in 3Q12.

4Q12 Results Highlights – EMS

  oNet revenue contribution from EMS operations was NT$20,141 million, up by
    39% year-over-year and up by 33% sequentially.
  oCost of revenues was NT$17,963 million, up by 42% year-over-year and up by
    37% sequentially.

       oRaw material cost totaled NT$16,268 million during the quarter,
         representing 81% of total net revenue, compared with NT$11,768
         million and 78% of total net revenue in the previous quarter.
       oLabor cost totaled NT$721 million during the quarter, representing 4%
         of total net revenue, compared with NT$629 million and 4% of total
         net revenue in the previous quarter.
       oDepreciation, amortization and rental expenses totaled NT$233 million
         during the quarter, up by 21% year-over-year and up by 10%
         sequentially.

  oGross margin decreased to 10.8% in 4Q12 from 13.3% in 3Q12.
  oTotal operating expenses during 4Q12 were NT$1,202 million, including
    NT$446 million in R&D and NT$756 million in SG&A, compared with total
    operating expenses of NT$1,079 million in 3Q12. Total operating expenses
    as a percentage of net revenue for the current quarter were 6%, down from
    9% in 4Q11 and down from 7% in 3Q12.
  oOperating income for the quarter totaled NT$976 million, up from NT$932
    million in the previous quarter. Operating margin decreased to 4.8% in
    4Q12 from 6.2% in 3Q12.

2012 Full-Year Results Highlights – Consolidated

  oNet revenues for the full year of 2012 amounted to NT$193,972 million, up
    by 5% from 2011. The revenue contribution from IC packaging operations,
    testing operations, EMS operations, substrates sold to third parties and
    others was NT$104,563 million, NT$22,657 million, NT$62,483 million,
    NT$2,735 million and NT$1,534 million, respectively, and each represented
    approximately 54%, 12%, 32%, 1% and 1%, respectively, of total net
    revenues for the quarter.
  oCost of revenue for the year of 2012 were NT$157,348 million, compared
    with NT$150,338 million in 2011.

       oRaw material cost totaled NT$87,800 million during the year,
         representing 45% of total net revenue, compared with NT$86,783
         million and 47% of total net revenue in the 2011.
       oLabor cost totaled NT$24,855 million during the year, representing
         13% of total net revenue, compared with NT$22,380 million and 12% of
         total net revenue in 2011.
       oDepreciation, amortization and rental expenses totaled NT$22,076
         million during the year, representing 11% of total net revenue,
         compared with NT$21,536 million and 12% of total net revenue in 2011.

  oGross margin were 18.9% in 2012, and remained the same in 2011.
  oTotal operating expenses during 2012 were NT$18,863 million, including
    NT$7,874 million in R&D and NT$10,989 million in SG&A. Total operating
    expenses as a percentage of net revenue were 10% in 2012, and remained the
    same in 2011.
  oOperating income for the year was NT$17,761 million, compared to operating
    income of NT$ 16,821 million for the previous year. Operating margin
    increased to 9.2% in 2012 from 9.1% in 2011.
  oTotal non-operating expenses for the year were NT$1,170 million, compared
    to total non-operating income of NT$176 million for 2011.
  oIncome before tax was NT$16,591 million for 2012. We recognized an income
    tax expense of NT$3,042 million during the year.
  oIn 2012, net income amounted to NT$13,091 million, compared with a net
    income of NT$13,726 million in 2011.
  oOur total number of shares outstanding at the end of the year was
    7,602,292,066, including treasury stock owned by our subsidiaries. Our
    2012 diluted earnings per share of NT$1.71 (or US$0.0.289 per ADS) were
    based on 7,575,895,842 weighted average number of shares outstanding in
    2012.

2012 Full-Year Results Highlights – IC ATM[3]

  oNet revenue for the full year of 2012 amounted to NT$130,008 million, up
    by 2% from 2011. The revenue contribution from packaging operations,
    testing operations, and substrates sold to third parties was NT$104,616
    million, NT$22,657 million, and NT$2,735 million, respectively, and each
    represented approximately 80%, 18%, and 2%, respectively, of total net
    revenues for the year.
  oCost of revenues for the full year of 2012 was NT$101,344 million,
    compared with NT$98,885 million in 2011.

       oRaw material cost totaled NT$38,614 million during the year,
         representing 30% of total net revenue, compared with NT$40,762
         million and 32% of total net revenue in 2011.
       oLabor cost totaled NT$22,314 million during the year, representing
         17% of total net revenue, compared with NT$20,023 million and 16% of
         total net revenue in 2011.
       oDepreciation, amortization and rental expenses totaled NT$20,731
         million during the year, representing 16% of total net revenue,
         compared with NT$20,261 million and 16% of total net revenue in 2011.

  oGross margin decreased to 22.0% in 2012 from 22.5% in 2011.
  oTotal operating expenses during 2012 were NT$14,301 million, including
    NT$6,165 million in R&D and NT$8,136 million in SG&A. Total operating
    expenses as a percentage of net revenue was 11% in 2012, and remained the
    same in 2011.
  oOperating income for the year was NT$14,363 million, compared to operating
    income of NT$15,328 million for the previous year. Operating margin
    decreased to 11.0% in 2012 from 12.0% in 2011.

2012 Full-Year Results Highlights – EMS

  oNet revenue contribution from EMS operations for the full year of 2012
    amounted to NT$62,483 million, up by 8% from 2011.
  oCost of revenues was NT$54,950 million, up by 8% from 2011.

       oRaw material cost totaled NT$49,239 million during the year,
         representing 79% of total net revenue, compared with NT$46,149
         million and 80% of total net revenue in 2011.
       oLabor cost totaled NT$2,541 million during the year, representing 4%
         of total net revenue, compared with NT$2,357 million and 4% of total
         net revenue in 2011.
       oDepreciation, amortization and rental expenses totaled NT$826 million
         during the year, representing 1% of total net revenue, compared with
         NT$765 million and 1% of total net revenue in 2011.

  oGross margin increased to 12.1% in 2012 from 11.6% in 2011.
  oTotal operating expenses during 2012 were NT$4,429 million, including
    NT$1,732 million in R&D and NT$2,697 million in SG&A. Total operating
    expenses as a percentage of net revenue was 7% in 2012, down from 8% in
    2011.
  oOperating income for the year was NT$3,104 million, compared to operating
    income of NT$2,052 million for the previous year. Operating margin
    increased to 5.0% in 2012 from 3.6% in 2011.

LIQUIDITY AND CAPITAL RESOURCES

  oAs of December 31, 2012, our cash and current financial assets totaled
    NT$24,436 million, compared to NT$23,564 million as of September 30, 2012.
  oCapital expenditures in 4Q12 totaled US$200 million, of which US$133
    million was used for packaging, US$44 million for testing, US$18 million
    for EMS and US$5 million for interconnect materials.
  oFor the full year 2012, we spent US$1,074 million for capital
    expenditures, including US$752 million for IC packaging, US$235 million
    for testing, US$67 million for EMS and US$20 million for interconnect
    materials.
  oAs of December 31, 2012, we had total bank debt of NT$84,691 million,
    compared to NT$84,431 million as of September 30, 2012. Total bank debt
    consisted of NT$36,885 million of revolving working capital loans,
    NT$3,214 million of the current portion of long-term debt, and NT$44,592
    million of long-term debt. Total unused credit lines amounted to
    NT$77,353 million.
  oCurrent ratio as of December 31, 2012 was 1.16, compared to 1.14 as of
    September 30, 2012. Net debt to equity ratio was 0.54 as of December 31,
    2012.
  oTotal number of employees was 57,259 as of December 31, 2012, compared to
    51,411 as of December 31, 2011 and 56,061 as of September 30, 2012.

Business Review

Packaging Operations[4]

  oNet revenues generated from our packaging operations were NT$27,709
    million during the quarter, up by NT$2,072 million, or by 8%
    year-over-year, and up by NT$528 million, or by 2% sequentially.
  oNet revenues from advanced packaging accounted for 26% of total packaging
    net revenues during the quarter, up by 4 percentage points from the
    previous quarter. Net revenues from IC wirebonding accounted for 61% of
    total packaging net revenues during the quarter, down by 7 percentage
    points from the previous quarter. Net revenues from discrete and other
    accounted for 13% of total packaging net revenues during the quarter, up
    by 3 percentage points from the previous quarter.
  oGross margin for our packaging operations during the quarter was 19.6%, up
    by 0.9 percentage points year-over-year and down by 0.2 percentage points
    from the previous quarter.
  oCapital expenditures for our packaging operations amounted to US$133
    million during the quarter, of which US$70 million was used for
    wirebonding packaging capacity and US$63 million for wafer bumping and
    flip chip packaging equipment.
  oAs of December 31, 2012, there were 15,549 wirebonders in operation. 241
    wirebonders were added and 304 wirebonders were disposed of during the
    quarter.

Testing Operations

  oNet revenues generated from our testing operations were NT$6,036 million,
    up by NT$433 million, or by 8% year-over-year, and up by NT$125 million,
    or by 2% sequentially.
  oFinal testing contributed 79% to total testing net revenues, down by 1
    percentage point from the previous quarter. Wafer sort contributed 19% to
    total testing net revenues, up by 1 percentage point from the previous
    quarter. Engineering testing contributed 2% to total testing net
    revenues, which remained the same as the previous quarter.
  oDepreciation, amortization and rental expense associated with our testing
    operations amounted to NT$1,630 million, down from NT$1,644 million in
    4Q11 and up from NT$1,605 million in 3Q12.
  oIn 4Q12, gross margin for our testing operations was 37.8%, up by 4.1
    percentage points year-over-year and up by 4 percentage points from the
    previous quarter.
  oCapital spending on our testing operations amounted to US$44 million
    during the quarter.
  oAs of December 31, 2012, there were 2,905 testers in operation. 150
    testers were added and 54 testers were disposed of during the quarter.

EMS Operations

  oNet revenues generated from our EMS operations were NT$20,141 million, up
    by NT$5,694 million, or by 39% year-over-year, and up by NT$5,025 million,
    or by 33% sequentially.
  oCommunications products contributed 44% to total EMS net revenues, up by
    14 percentage points from the previous quarter. Computing products
    contributed 26% to total EMS net revenues, which remained the same as the
    previous quarter. Consumer products contributed 13% to total EMS net
    revenues, down by 3 percentage points from the previous quarter.
    Industrial products contributed 11% to total EMS net revenues, down by 7
    percentage points from the previous quarter. Car products contributed 5%
    to total EMS net revenues, down by 3 percentage points from the previous
    quarter.
  oIn 4Q12, gross margin for our EMS operations was 10.8%, down by 1.5
    percentage points year-over-year and down by 2.5 percentage points from
    the previous quarter.
  oCapital spending on our EMS operations amounted to US$18 million during
    the quarter.

Substrate Operations

  oPBGA substrate manufactured by ASE amounted to NT$2,088 million during the
    quarter, up by NT$276 million, or by 15% year-over-year, and down by NT$99
    million, or by 5% from the previous quarter. Of the total output of
    NT$2,088 million, NT$650 million was from sales to external customers.
  oGross margin for substrate operations was 15.3% during the quarter, up by
    7 percentage points year-over-year and down by 1.4 percentage points from
    the previous quarter.
  oIn 4Q12, our internal substrate manufacturing operations supplied 29% (by
    value) of our total substrate requirements.

Customers

IC ATM consolidated Basis

  oOur five largest customers together accounted for approximately 37% of our
    total net revenues in 4Q12, compared to 33% in 3Q12 and 37% in 4Q11.
    There was one customer which accounted for more than 10% of our total net
    revenues.
  oOur top 10 customers contributed 52% of our total net revenues during the
    quarter, compared to 48% in 3Q12 and 51% in 4Q11.
  oOur customers that are integrated device manufacturers, or IDMs, accounted
    for 34% of our total net revenues during the quarter, compared to 34% in
    3Q12 and 31% in 4Q11.

EMS Basis

  oOur five largest customers together accounted for approximately 71% of our
    total net revenues in 4Q12, compared to 61% in 3Q12 and 57% in 4Q11.
    There were two customers which accounted for more than 10% of our total
    net revenues.
  oOur top 10 customers contributed 84% of our total net revenues during the
    quarter, compared to 79% in 3Q12 and 80% in 4Q11.

[1] All financial information presented in this press release is unaudited,
consolidated and prepared in accordance with accounting principles generally
accepted in the Republic of China, or ROC GAAP. Such financial information is
generated internally by us, and has not been subjected to the same review and
scrutiny, including internal auditing procedures and audit by our independent
auditors, to which we subject our audited consolidated financial statements,
and may vary materially from the audited consolidated financial information
for the same period. Any evaluation of the financial information presented in
this press release should also take into account our published audited
consolidated financial statements and the notes to those statements. In
addition, the financial information presented is not necessarily indicative of
our results of operations for any future period.

[2] ATM stands for Semiconductor Assembly, Testing and Material.

[3] ATM stands for Semiconductor Assembly, Testing and Material.

[4] IC packaging services include module assembly services.

About ASE, Inc.

ASE, Inc. is the world's largest independent provider of packaging services
and testing services, including front-end engineering testing, wafer probing
and final testing services. With advanced  technological capabilities and a
global presence spanning Taiwan, China, Korea, Japan, Singapore, Malaysia and
the United States, ASE, Inc. has established a reputation for reliable, high
quality products and services.  For more information, visit our website at
http://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,
including statements regarding our future results of operations and business
prospects. 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
presentation. 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 presentation. Our actual
results of operations, financial condition or business prospects may differ
materially from those expressed or implied in these forward-looking statements
for a variety of reasons, including risks associated with cyclicality and
market conditions in the semiconductor industry; demand for the outsourced
semiconductor packaging and testing services we offer and for such outsourced
services generally; the highly competitive semiconductor industry; our ability
to introduce new packaging, interconnect materials and testing technologies in
order to remain competitive; our ability to successfully integrate pending and
future mergers and acquisitions; international business activities; our
business strategy; general economic and political conditions, including the
recent global financial crisis; possible disruptions in commercial activities
caused by natural or human-induced disasters; our future expansion plans and
capital expenditures; the strained relationship between the Republic of China
and the People's Republic of China; 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 our 2011 Annual Report on Form 20-F filed on
April 20, 2012.

Supplemental Financial Information

IC ATM Consolidated Operations
Amounts in NT$ Millions     4Q/12  3Q/12  4Q/11
Net Revenues                34,395 33,891 31,908
Revenues by End Application
Communications              55%    50%    56%
Computers                   12%    12%    12%
Automotive and Consumer     33%    37%    32%
Others                      0%     1%     0%
Revenues by Region
North America               58%    55%    58%
Europe                      11%    12%    12%
Taiwan                      18%    21%    20%
Japan                       7%     6%     5%
Other Asia                  6%     6%     5%

Packaging Operations
Amounts in NT$ Millions    4Q/12  3Q/12  4Q/11
Net Revenues               27,709 27,181 25,637
Revenues by Packaging Type
Advanced Packaging         26%    22%    24%
IC Wirebonding             61%    68%    63%
Discrete and Other         13%    10%    13%
Capacity
CapEx (US$ Millions)*      133    229    81
Number of Wirebonders      15,549 15,612 13,846

Testing Operations
Amounts in NT$ Millions  4Q/12 3Q/12 4Q/11
Net Revenues             6,036 5,911 5,603
Revenues by Testing Type
Final test               79%   80%   84%
Wafer sort               19%   18%   14%
Engineering test         2%    2%    2%
Capacity
CapEx (US$ Millions)*    44    92    48
Number of Testers        2,905 2,809 2,585



EMS Operations
Amounts in NT$ Millions          4Q/12       3Q/12      4Q/11
Net Revenues                     20,141      15,116     14,447
Revenues by End Application
Communications                   44%         30%        37%
Computing                        26%         26%        24%
Consumer                         13%         16%        15%
Industrial                       11%         18%        15%
Car                              5%          8%         9%
Others                           1%          2%         0%
Capacity
CapEx (US$ Millions)*            18          14         8
* Capital expenditure amounts exclude building construction costs.



Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Income Statements Data
(In NT$ millions, except per share data)
(Unaudited)
                                                      For the three months ended              For the period ended
                                                      Dec. 31        Sep. 30     Dec. 31      Dec. 31        Dec. 31

                                                      2012           2012        2011         2012           2011
Netrevenues:
Packaging                                             27,697         27,165      25,623       104,563        102,882
Testing                                               6,036          5,911       5,603        22,657         21,932
Direct Material                                       650            799         668          2,735          2,678
EMS                                                   20,141         15,116      14,447       62,483         57,645
Others                                                1,484          0           49           1,534          210
Total net revenues                                    56,008         48,991      46,390       193,972        185,347
Cost of revenues                                      (45,034)       (39,387)    (37,915)     (157,348)      (150,338)
Gross profit                                          10,974         9,604       8,475        36,624         35,009
Operating expenses:
Research and development                              (2,138)        (2,030)     (1,954)      (7,874)        (7,118)
Selling, general and administrative                   (2,893)        (2,776)     (3,020)      (10,989)       (11,070)
Total operating expenses                              (5,031)        (4,806)     (4,974)      (18,863)       (18,188)
Operating income (loss)                               5,943          4,798       3,501        17,761         16,821
Net non-operating (expenses) income:
Interest expense - net                                (491)          (409)       (404)        (1,682)        (1,336)
Foreign exchange gain (loss)                          587            243         348          965            36
Gain (loss) on equity-method investments              73             7           (25)         61             97
Gain (loss) on valuation of financial assets and                                                         
liabilities
                                                      (400)          (223)       (72)         (697)          908
Others                                                98             42          (396)        183            471
Total non-operating (expenses) income                 (133)          (340)       (549)        (1,170)        176
Income (loss) before tax                              5,810          4,458       2,952        16,591         16,997
Income tax benefit (expense)                          (1,269)        (865)       (340)        (3,042)        (3,018)
(Loss) income from continuing operations and before   4,541          3,593       2,612        13,549         13,979
minority interest
Minority interest                                     (154)          (147)       27           (458)          (253)
Net income (loss)                                     4,387          3,446       2,639        13,091         13,726
Per share data:
Earnings (losses) per share
– Basic                                               NT$0.59  NT$0.46  NT$0.35  NT$1.76  NT$1.83
– Diluted                                             NT$0.58  NT$0.45  NT$0.35   NT$1.71   NT$1.78
Earnings (losses) per equivalent ADS
– Basic                                               US$0.101      US$0.077   US$0.059    US$0.297      US$0.311
– Diluted                                              US$0.099      US$0.076   US$0.058    US$0.289      US$0.304
Number of weighted average shares used in diluted EPS 7,504,787      7,506,691   7,511,748    7,575,896      7,700,036
calculation (in thousands)
Exchange rate (NT$ per US$1)                          29.13          29.86       30.24        29.56          29.34

Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Income Statements Data – IC ATM
(In NT$ millions, except per share data)
(Unaudited)
                                                     For the three months ended          For the period ended
                                                     Dec. 31     Sep. 30     Dec. 31     Dec. 31     Dec. 31

                                                     2012        2012        2011        2012        2011
Netrevenues:
Packaging                                            27,709      27,181      25,637      104,616     102,999
Testing                                              6,036       5,911       5,603       22,657      21,946
Direct Material                                      650         799         668         2,735       2,678
Total net revenues                                   34,395      33,891      31,908      130,008     127,623
Cost of revenues                                     (26,401)    (26,165)    (25,118)    (101,344)   (98,885)
Gross profit                                         7,994       7,726       6,790       28,664      28,738
Operating expenses:
Research and development                             (1,697)     (1,615)     (1,494)     (6,165)     (5,425)
Selling, general and administrative                  (2,071)     (2,095)     (2,140)     (8,136)     (7,985)
Total operating expenses                             (3,768)     (3,710)     (3,634)     (14,301)    (13,410)
Operating income (loss)                              4,226       4,016       3,156       14,363      15,328
Net non-operating (expenses) income:
Interest expense - net                               (503)       (413)       (346)       (1,681)     (1,174)
Foreign exchange gain (loss)                         565         220         301         927         (3)
Gain (loss) on equity-method investments             1,088       574         369         2,223       1,122
Gain (loss) on valuation of financial assets and     (428)       (249)       (84)        (776)       792
liabilities
Others                                               39          51          (459)       92          232
Total non-operating (expenses) income                761         183         (219)       785         969
Income (loss) before tax                             4,987       4,199       2,937       15,148      16,297
Income tax benefit (expense)                         (556)       (704)       (329)       (1,926)     (2,330)
(Loss) income from continuing operations and before  4,431       3,495       2,608       13,222      13,967
minority interest
Minority interest                                    (44)        (49)        31          (131)       (241)
Net income (loss)                                    4,387       3,446       2,639       13,091      13,726
Per share data:
Earnings (losses) per share
– Basic                                              NT$0.59  NT$0.46  NT$0.35  NT$1.76  NT$1.83
– Diluted                                            NT$0.58  NT$0.45  NT$0.35  NT$1.71  NT$1.78
Number of weighted average shares used in diluted    7,504,787   7,506,691   7,511,748   7,575,896   7,700,036
EPS calculation (in thousands)

Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Income Statements Data – EMS
(In NT$ millions, except per share data)
(Unaudited)
                                                    For the three months ended    For the period
                                                                                  ended
                                                    Dec. 31   Sep. 30   Dec. 31   Dec. 31   Dec. 31

                                                    2012      2012      2011      2012      2011
Netrevenues:
Total net revenues                                  20,141    15,116    14,447    62,483    57,645
Cost of revenues                                    (17,963)  (13,105)  (12,667)  (54,950)  (50,983)
Gross profit                                        2,178     2,011     1,780     7,533     6,662
Operating expenses:
Research and development                            (446)     (421)     (467)     (1,732)   (1,706)
Selling, general and administrative                 (756)     (658)     (828)     (2,697)   (2,904)
Total operating expenses                            (1,202)   (1,079)   (1,295)   (4,429)   (4,610)
Operating income (loss)                             976       932       485       3,104     2,052
Net non-operating (expenses) income:
Total non-operating (expenses) income               142       70        115       301       359
Income (loss) before tax                            1,118     1,002     600       3,405     2,411
Income tax benefit (expense)                        (236)     (165)     (7)       (642)     (651)
(Loss) income from continuing operations and before 882       837       593       2,763     1,760
minority interest
Minority interest                                   (114)     (101)     (6)       (334)     (17)
Net income (loss)                                   768       736       587       2,429     1,743



Advanced Semiconductor Engineering, Inc.
Summary of Consolidated Balance Sheet Data
(In NT$ millions)
(Unaudited)
                                      As of Dec. 31, 2012  As of Sep. 30, 2012
Current assets:
Cash and cash equivalents                    20,266               21,864
Financial assets – current                   4,170                1,700
Notes and accounts receivable                37,213               33,410
Inventories                                  32,073               32,922
Others                                       4,320                5,706
Total current assets                         98,042               95,602
Financial assets – non current               2,366                2,304
Properties – net                             126,150              124,831
Intangible assets                            15,802               15,788
Others                                       4,144                3,447
Total assets                                 246,504              241,972
Current liabilities:
Short-term debts – revolving credit          36,885               36,910
Current portion of long-term debts           3,214                2,961
Notes and accounts payable                   24,227               22,682
Others                                       20,377               21,342
Total current liabilities                    84,703               83,895
Long-term debts                              44,592               44,560
Other liabilities                            4,750                4,848
Total liabilities                            134,045              133,303
Minority interest                            2,944                2,797
Shareholders' equity                         109,515              105,872
Total liabilities & shareholders'            246,504              241,972
equity
Current Ratio                                1.16                 1.14
Net Debt to Equity                           0.54                 0.56

Contact:
ASE, Inc.
                                  Joseph Tung, CFO / Vice President
Room 1901, No. 333, Section 1
                                  Joseph Su, Manager
Keelung Road, Taipei, Taiwan, 110
                                  ir@aseglobal.com

                                  
Tel: + 886.2.6636.5678
                                  Clare Lin, Senior Director (US Contact)
Fax: + 886.2.2757.6121
                                  clare.lin@aseus.com
http://www.aseglobal.com
                                  Tel: + 1.408.636.9524


SOURCE Advanced Semiconductor Engineering, Inc.

Website: http://www.aseglobal.com
 
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