ASE Technology Holding Co., Ltd. Reports Unaudited Consolidated Financial Results for the Third Quarter of 2020


TAIPEI, Taiwan, R.O.C., Oct. 30, 2020 /PRNewswire/ —ASE Expertise Holding Co., Ltd. (TAIEX: 3711,NYSE: ASX) (“We”, “ASEH”, or the “Firm”), the main supplier of semiconductor manufacturing providers in meeting and check, immediately reported unaudited internet revenues[1] of NT$123,195million for 3Q20, up by 5% year-over-year and up by 15% sequentially.Internet earnings attributable to shareholders of the mother or father for the quarter totaled NT$6,712 million, up from a internet earnings attributable to shareholders of the mother or father of NT$5,734 million in 3Q19 and down from a internet earnings attributable to shareholders of the mother or father of NT$6,937 million in 2Q20. Primary earnings per share for the quarter have been NT$1.57 (or US$0.107 per ADS), in comparison with primary earnings per share of NT$1.35 for 3Q19 and primary earnings per share of NT$1.63 for 2Q20. Diluted earnings per share for the quarter have been NT$1.54 (or US$0.105 per ADS), in comparison with diluted earnings per share of NT$1.33 for 3Q19 and diluted earnings per share of NT$1.60 for 2Q20.

RESULTS OF OPERATIONS

3Q20 Outcomes Highlights Consolidated

  • Internet income contribution from packaging operations, testing operations, EMS operations and others, every represented roughly 46%, 10%, 43% and 1%, respectively, of whole internet revenues for the quarter.
  • Value of income was NT$103,475 million for the quarter, up from NT$88,740 million in 2Q20.
    • Uncooked materials price totaled NT$62,860 million for the quarter, representing 51% of whole internet revenues
    • Labor price totaled NT$13,725 million for the quarter, representing 11% of whole internet revenues
    • Depreciation, amortization and rental bills totaled NT$11,878 million for the quarter.
  • Gross margin decreased 1.5 proportion factors to 16.0% in 3Q20 from 17.5% in 2Q20.
  • Working margin was 7.4% in 3Q20, in comparison with 7.8% in 2Q20.
  • When it comes to non-operating objects:
    • Internet curiosity expense was NT$660 million.
    • Internet international alternate acquire of NT$561 million was primarily attributable to the depreciation of U.S. greenback in opposition to New Taiwan greenback.
    • Loss on valuation of monetary belongings and liabilities was NT$406 million.
    • Internet acquire on equity-method investments was NT$277 million.
    • Different internet non-operating earnings of NT$101 million have been primarily attributable to miscellaneous incomes. Whole non-operating bills for the quarter have been NT$127 million.
  • Revenue earlier than tax was NT$9,014 million for 3Q20, in comparison with NT$8,879 million in 2Q20. We recorded earnings tax bills of NT$1,797 million for the quarter, in comparison with NT$1,646 million in 2Q20.
  • In 3Q20, internet earnings attributable to shareholders of the mother or father was NT$6,712 million, in comparison with internet earnings attributable to shareholders of the mother or father of NT$5,734 million in 3Q19 and internet earnings attributable to shareholders of the mother or father of NT$6,937 million in 2Q20.
  • Our whole variety of shares excellent on the finish of the quarter was 4,338,531,132, together with treasury inventory owned by our subsidiaries. Our 3Q20 primary earnings per share of NT$1.57 (or US$0.107 per ADS) have been primarily based on 4,265,546,050 weighted common numbers of shares excellent in 3Q20. Our 3Q20 diluted earnings per share of NT$1.54 (or US$0.105 per ADS) have been primarily based on 4,281,115,585 weighted common variety of shares excellent in 3Q20.

3Q20 Outcomes Highlights ATM[2]

  • Value of revenues was NT$57,280 million for the quarter, up by 5% sequentially.
    • Uncooked materials price totaled NT$20,102 million for the quarter, representing 28% of whole internet revenues.
    • Labor price totaled NT$12,104 million for the quarter, representing 17% of whole internet revenues.
    • Depreciation, amortization and rental bills totaled NT$11,198 million for the quarter.
  • Gross margin decreased 1.5 proportion factors to 20.2% in 3Q20 from 21.7% in 2Q20.
  • Working margin was 9.5% in 3Q20, in comparison with 10.4% in 2Q20.

3Q20 Outcomes Highlights EMS

  • Value of revenues for the quarter was NT$47,990 million, up by 33% sequentially.
    • Uncooked materials price totaled NT$42,621 million for the quarter, representing 80% of whole internet revenues.
    • Labor price totaled NT$1,540 million for the quarter, representing 3% of whole internet revenues.
    • Depreciation, amortization and rental bills totaled NT$551 million for the quarter.
  • Gross margin elevated 0.Three proportion factors to 9.7% in 3Q20 from 9.4% in 2Q20.
  • Working margin elevated to 4.4% in 3Q20 from 3.1% in 2Q20.

LIQUIdiTY AND CAPITAL RESOURCES

  • Capital expenditures in 3Q20 totaled US$415 million, of which US$288 million have been utilized in packaging operations, US$73 million in testing operations, US$52 million in EMS operations and US$2 million in interconnect supplies operations and others.
  • As of September 30, 2020, whole unused credit score traces amounted to NT$255,582 million.
  • Present ratio was 1.33 and internet debt to fairness ratio was 0.75 as of September 30, 2020.
  • Whole variety of staff was 97,259 as of September 30, 2020, in comparison with 95,448 as of June 30, 2020.

Enterprise Evaluate

Clients

ATM consolidated Foundation

  • Our 5 largest clients collectively accounted for roughly 48% of our whole internet revenues in 3Q20, in comparison with 50% in 2Q20. Three clients every accounted for greater than 10% of our whole internet revenues in 3Q20 individually.
  • Our prime 10 clients contributed 60% of our whole internet revenues in 3Q20, in comparison with 61% in 2Q20.
  • Our clients which are built-in machine producers or IDMs accounted for 30% of our whole internet revenues in 3Q20, in comparison with 29% in 2Q20.

EMS Foundation

  • Our 5 largest clients collectively accounted for roughly 83% of our whole internet revenues in 3Q20, in comparison with 78% in 2Q20. One buyer accounted for greater than 10% of our whole internet revenues in 3Q20.
  • Our prime 10 clients contributed 90% of our whole internet revenues in 3Q20, in comparison with 89% in 2Q20.

About ASE Expertise Holding Co., Ltd.

ASEH is the main supplier of semiconductor manufacturing providers in meeting and check. The Firm develops and affords full turnkey options masking front-end engineering check, wafer probing and closing check, in addition to IC packaging, supplies and digital manufacturing providers by USI with superior applied sciences, breakthrough improvements, and superior improvement packages. With superior technological capabilities and a worldwide presence spanning Taiwan, China, South Korea, Japan, Singapore, Malaysia and Mexico in addition to the US and Europe, ASEH has established a status for dependable, top quality services. For extra information, please go to our web site at http://www.aseglobal.com.

Secure Harbor Discover

This press launch accommodates “forward-looking statements” inside the that means of Part 27A of the US Securities Act of 1933, as amended, and Part 21E of the US Securities Alternate Act of 1934, as amended. Though these forward-looking statements, which can embody statements relating to our future outcomes of operations, monetary situation or enterprise prospects, are primarily based on our personal data and knowledge from different sources we consider to be dependable, you shouldn’t place undue reliance on these forward-looking statements, which apply solely as of the date of this press launch. The phrases “anticipate,” “consider,” “estimate,” “count on,” “intend,” “plan” and comparable expressions, as they relate to us, are supposed to establish these forward-looking statements on this press launch. These forward-looking statements are essentially estimates reflecting the perfect judgment of our senior administration and our precise outcomes of operations, monetary situation or enterprise prospects might differ materially from these expressed or implied by the forward-looking statements for causes together with, amongst others, dangers related to cyclicality and market situations within the semiconductor or digital business; adjustments in our regulatory setting, together with our capacity to adjust to new or stricter environmental rules and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and digital manufacturing providers we provide and for such outsourced providers typically; the extremely aggressive semiconductor or manufacturing business we’re concerned in; our capacity to introduce new applied sciences in an effort to stay aggressive; worldwide enterprise actions; our enterprise technique; our future enlargement plans and capital expenditures; the strained relationship between the Republic of China and the Individuals’s Republic of China; basic financial and political situations; the latest shift in United States commerce insurance policies; potential disruptions in industrial actions brought on by pure or human-induced disasters; fluctuations in international forex alternate charges; and different elements. For a dialogue of those dangers and different elements, please see the paperwork we file infrequently with the Securities and Alternate Fee, together with the 2019 Annual Report on Kind 20-F filed on March 31, 2020.

Supplemental Monetary Data

Consolidated Operations


3Q/20

2Q/20

3Q/19

EBITDA (NT$ Tens of millions)

23,230

22,488

21,214

ATM Consolidated Operations


3Q/20

2Q/20

3Q/19

Internet Revenues (NT$ Tens of millions)

71,820

69,516

67,901

Revenues by Software




Communication

53%

54%

53%

Pc

14%

14%

14%

Automotive, Client & Others

33%

32%

33%

Revenues by Sort




Bumping, Flip Chip, WLP & SiP

37%

38%

35%

Wirebonding

37%

35%

37%

Discrete and Others

8%

7%

9%

Testing

17%

18%

17%

Materials

1%

2%

2%

Capability & EBITDA




CapEx (US$ Tens of millions)*

362

424

413

EBITDA (NT$ Tens of millions)

19,775

20,037

18,312

Variety of Wirebonders

25,117

24,667

25,008

Variety of Testers

5,715

5,790

5,254

EMS Operations


3Q/20

2Q/20

3Q/19

Internet Revenues (NT$ Tens of millions)

53,137

39,709

50,599

Revenues by Finish Software




Communication

40%

46%

36%

Pc & Storage

6%

12%

9%

Client

40%

28%

41%

Industrial

9%

10%

9%

Automotive

4%

3%

4%

Others

1%

1%

1%

Capability




CapEx (US$ Tens of millions)*

52

70

23

* Capital expenditure excludes constructing development prices.

ASE Expertise Holding Co., Ltd.
Abstract of Consolidated Assertion of Complete Revenue Knowledge
(In NT$ thousands and thousands, besides per share information)
(Unaudited)


For the three months ended


For the 9 months ended


Sep. 30

2020


Jun. 30

2020


Sep. 30

2019


Sep. 30

2020


Sep. 30

2019


Internet revenues:











Packaging

56,172


53,622


53,804


161,407


145,263


Testing

12,351


12,690


11,493


36,604


30,729


EMS

53,126


39,703


50,584


125,550


117,055


Others

1,546


1,534


1,676


4,540


4,112


Whole internet revenues

123,195


107,549


117,557


328,101


297,159













Value of revenues

(103,475)


(88,740)


(98,449)


(273,416)


(252,697)


Gross revenue

19,720


18,809


19,108


54,685


44,462













Working bills:











Analysis and improvement

(4,926)


(4,837)


(4,906)


(14,372)


(13,376)


Promoting, basic and administrative

(5,653)


(5,545)


(5,817)


(16,682)


(16,265)


Whole working bills

(10,579)


(10,382)


(10,723)


(31,054)


(29,641)


Working earnings

9,141


8,427


8,385


23,631


14,821













Internet non-operating (bills) earnings:











Curiosity expense – internet

(660)


(771)


(866)


(2,324)


(2,741)


Overseas alternate acquire (loss)

561


718


12


955


(508)


Achieve (loss) on valuation of monetary belongings and liabilities

(406)


(17)


(19)


(237)


2,339


Achieve on equity-method investments

277


105


148


343


108


Others

101


417


61


762


761


Whole non-operating earnings (bills)

(127)


452


(664)


(501)


(41)


Revenue earlier than tax

9,014


8,879


7,721


23,130


14,780













Revenue tax expense

(1,797)


(1,646)


(1,501)


(4,618)


(3,530)


Revenue from persevering with operations and

earlier than noncontrolling curiosity

7,217


7,233


6,220


18,512


11,250


Noncontrolling curiosity

(505)


(296)


(486)


(964)


(783)













Internet earnings attributable to

shareholders of the mother or father

6,712


6,937


5,734


17,548


10,467













Per share information:











Earnings (losses) per share











Primary

NT$1.57


NT$1.63


NT$1.35


NT$4.12


NT$2.46


Diluted

NT$1.54


NT$1.60


NT$1.33


NT$4.01


NT$2.40













Earnings (losses) per equal ADS











Primary

US$0.107


US$0.109


US$0.087


US$0.276


US$0.159


Diluted

US$0.105


US$0.107


US$0.085


US$0.269


US$0.155













Variety of weighted common shares utilized in

diluted EPS calculation (in 1000’s)

4,281,115


4,273,770


4,261,515


4,284,010


4,256,985













FX (NTD/USD)

29.46


29.94


31.17


29.80


30.99


ASE Expertise Holding Co., Ltd.
Abstract of Consolidated Assertion of Complete Revenue Knowledge ATM
(In NT$ thousands and thousands, besides per share information)
(Unaudited)


For the three months ended


For the 9 months ended


Sep. 30

2020


Jun. 30

2020


Sep. 30

2019


Sep. 30

2020


Sep. 30

2019


Internet revenues:











Packaging

58,417


55,732


55,163


167,749


147,980


Testing

12,351


12,693


11,495


36,610


30,732


Direct Materials

1,020


1,051


1,211


3,085


3,055


Others

32


40


32


101


100


Whole internet revenues

71,820


69,516


67,901


207,545


181,867













Value of revenues

(57,280)


(54,434)


(53,193)


(164,589)


(147,620)


Gross revenue

14,540


15,082


14,708


42,956


34,247













Working bills:











Analysis and improvement

(3,827)


(3,777)


(3,894)


(11,252)


(10,351)


Promoting, basic and administrative

(3,904)


(4,081)


(4,401)


(12,099)


(12,262)


Whole working bills

(7,731)


(7,858)


(8,295)


(23,351)


(22,613)


Working earnings

6,809


7,224


6,413


19,605


11,634













ASE Expertise Holding Co., Ltd.
Abstract of Consolidated Assertion of Complete Revenue Knowledge EMS
(In NT$ thousands and thousands, besides per share information)
(Unaudited)


For the three months ended


For the 9 months ended


Sep. 30

2020


Jun. 30

2020


Sep. 30

2019


Sep. 30

2020


Sep. 30

2019


Internet revenues:











Whole internet revenues

53,137


39,709


50,599


125,573


117,091













Value of revenues

(47,990)


(35,979)


(46,105)


(113,648)


(106,791)


Gross revenue

5,147


3,730


4,494


11,925


10,300













Working bills:











Analysis and improvement

(1,126)


(1,085)


(1,042)


(3,194)


(3,107)


Promoting, basic and administrative

(1,695)


(1,403)


(1,353)


(4,392)


(3,853)


Whole working bills

(2,821)


(2,488)


(2,395)


(7,586)


(6,960)


Working earnings

2,326


1,242


2,099


4,339


3,340













ASE Expertise Holding Co., Ltd.
Abstract of Consolidated Stability Sheet Knowledge
(In NT$ thousands and thousands)
(Unaudited)


As of Sep. 30, 2020


As of Jun. 30, 2020









Present belongings:








Money and money equivalents



55,814




58,223

Monetary belongings present



5,993




5,483

Notes and accounts receivable



86,718




73,763

Inventories



62,948




50,649

Others



22,167




14,395

Whole present belongings



233,640




202,513









Monetary belongings non-current & Investments fairnessmethodology



14,279




12,950

Property plant and gear



230,938




238,757

Proper-of-use belongings



8,346




9,091

Intangible belongings



76,383




77,154

Others



17,964




18,127

Whole belongings



581,550




558,592









Present liabilities:








Quick-term borrowings



34,099




45,814

Present portion of bonds payable &Present portion of
long-term borrowings[3]



13,708




11,366

Notes and accounts payable



71,515




54,400

Others



56,152




61,045

Whole present liabilities



175,474




172,625









Bonds payable



49,249




39,263

Lengthy-term borrowings[4]



122,097




115,518

Different liabilities



17,187




17,251

Whole liabilities



364,007




344,657









Fairness attributable toshareholders of the mother or father



205,510




200,409

Non-controlling pursuits



12,033




13,526

Whole liabilities & shareholders’ fairness



581,550




558,592

















Present Ratio



1.33




1.17









Internet Debt to Fairness Ratio



0.75




0.72

ASE Expertise Holding Co., Ltd.
Abstract of Consolidated Money Circulate Statements
(In NT$ thousands and thousands)
(Unaudited)



For the three months ended


For the 9 months ended



Sep. 30


Jun. 30


Sep. 30


Sep. 30


Sep. 30



2020

2020

2019

2020

2019

Money Flows from Working Actions:












Revenue earlier than earnings tax


9,014


8,879


7,721


23,130


14,780


Depreciation & amortization


13,022


12,785


12,610


38,495


37,822


Different working actions objects


(8,550)


(1,659)


(7,252)


(14,686)


(11,883)


Internet money generated from working actions


13,486


20,005


13,079


46,939


40,719


Money Flows from Investing Actions:












Internet funds for property, plant and gear


(12,297)


(16,587)


(18,771)


(42,489)


(39,100)


Different funding actions objects


(156)


1,902


488


1,541


2,464


Internet money utilized in investing actions


(12,453)


(14,685)


(18,283)


(40,948)


(36,636)


Money Flows from Financing Actions:












Whole internet proceeds from (compensation of) money owed


12,412


(18,900)


26,553


7,401


20,860


Dividends paid


(8,521)



(10,623)


(8,521)


(10,623)


Different financing actions objects


(5,917)


(457)


(3,356)


(6,178)


(4,404)


Internet money generated from (utilized in) financing actions


(2,026)


(19,357)


12,574


(7,298)


5,833


Overseas forex alternate impact


243


(1,569)


(1,240)


(1,351)


(214)


Internet improve (lower) in money and money equivalents


(750)


(15,606)


6,130


(2,658)


9,702


Money and money equivalents originally of interval


58,223


73,829


55,090


60,131


51,518


Money and money equivalents on the finish of interval


57,473


58,223


61,220


57,473


61,220


Money and money equivalents within the consolidated stability sheet


55,814


58,223


61,220


55,814


61,220


Money and money equivalents included in disposal teams held on the market


1,659




1,659



[1]All monetary data offered on this press launch is unaudited, consolidated and ready in accordance with Taiwan-IFRS (Worldwide Monetary Reporting Requirements as endorsed to be used within the R.O.C.). Such monetary data is generated internally by us and has not been subjected to the identical evaluate and scrutiny, together with inner auditing procedures and audit by our impartial auditors, to which we topic our audited consolidated monetary statements, and will range materially from the audited consolidated monetary data for a similar interval. Any analysis of the monetary data offered on this press launch must also consider our printed audited consolidated monetary statements and the notes to these statements. As well as, the monetary data offered is just not essentially indicative of our outcomes of operations for any future interval.

[2]ATM stands for Semiconductor Meeting, Testing and Materials.

[3] Present portion of long-term borrowings embody long-term loans and notes payable.

[4] Lengthy-term borrowings embody long-term loans and payments payable.

Investor Relations Contact:

[emailprotected]
Tel: +886.2.6636.5678
http://www.aseglobal.com

SOURCE ASE Expertise Holding Co., Ltd.

Associated Hyperlinks

www.aseglobal.com



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