TAIPEI, Taiwan, R.O.C.,
July 31, 2020 /PRNewswire/ -- ASE
Technology Holding Co., Ltd. (TAIEX: 3711, NYSE: ASX) ("We",
"ASEH", or the "Company"), the leading provider of semiconductor
manufacturing services in assembly and test, today reported
unaudited net revenues[1] of NT$107,549 million for 2Q20, up by 19%
year-over-year and up by 11% sequentially. Net income attributable
to shareholders of the parent for the quarter totaled NT$6,937 million, up from a net income
attributable to shareholders of the parent of NT$2,690 million in 2Q19 and up from a net income
attributable to shareholders of the parent of NT$3,899 million in 1Q20. Basic earnings per
share for the quarter were NT$1.63
(or US$0.109 per ADS), compared to
basic earnings per share of NT$0.63
for 2Q19 and basic earnings per share of NT$0.92 for 1Q20. Diluted earnings per share for
the quarter were NT$1.60 (or
US$0.107 per ADS), compared to
diluted earnings per share of NT$0.62
for 2Q19 and diluted earnings per share of NT$0.89 for 1Q20.
RESULTS OF OPERATIONS
2Q20 Results Highlights – Consolidated
- Net revenue contribution from packaging operations, testing
operations, EMS operations and others, each represented
approximately 50%, 12%, 37% and 1%, respectively, of total net
revenues for the quarter.
- Cost of revenue was NT$88,740
million for the quarter, up from NT$81,201 million in 1Q20.
-
- Raw material cost totaled NT$50,216
million for the quarter, representing 47% of total net
revenues.
- Labor cost totaled NT$13,477
million for the quarter, representing 13% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$11,699 million for the
quarter.
- Gross margin increased 0.9 percentage points to 17.5% in 2Q20
from 16.6% in 1Q20.
- Operating margin was 7.8% in 2Q20, compared to 6.2% in
1Q20.
- In terms of non-operating items:
-
- Net interest expense was NT$771
million.
- Net foreign exchange gain of NT$718
million was primarily attributable to the depreciation of
U.S. dollar against New Taiwan dollar.
- Loss on valuation of financial assets and liabilities was
NT$17 million.
- Net gain on equity-method investments was NT$105 million.
- Other net non-operating income of NT$417
million were primarily attributable to miscellaneous
incomes. Total non-operating income for the quarter were
NT$452 million.
- Income before tax was NT$8,879
million for 2Q20, compared to NT$5,237 million in 1Q20. We recorded
income tax expenses of NT$1,646
million for the quarter, compared to NT$1,175 million in 1Q20.
- In 2Q20, net income attributable to shareholders of the parent
was NT$6,937 million, compared to net
income attributable to shareholders of the parent of NT$2,690 million in 2Q19 and net income
attributable to shareholders of the parent of NT$3,899 million in 1Q20.
- lOur total number of shares outstanding at the end of the
quarter was 4,338,345,132, including treasury stock owned by our
subsidiaries. Our 2Q20 basic earnings per share of NT$1.63 (or US$0.109 per ADS) were based on 4,265,407,583
weighted average numbers of shares outstanding in 2Q20. Our 2Q20
diluted earnings per share of NT$1.60
(or US$0.107 per ADS) were based on
4,273,769,436 weighted average number of shares outstanding in
2Q20.
2Q20 Results Highlights – ATM[2]
- Cost of revenues was NT$54,434
million for the quarter, up by 3% sequentially.
-
- Raw material cost totaled NT$19,026
million for the quarter, representing 27% of total net
revenues.
- Labor cost totaled NT$12,045
million for the quarter, representing 17% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$11,080 million for the
quarter.
- Gross margin increased 1.6 percentage points to 21.7% in 2Q20
from 20.1% in 1Q20.
- Operating margin was 10.4% in 2Q20, compared to 8.4% in
1Q20.
2Q20 Results Highlights – EMS
- Cost of revenues for the quarter was NT$35,979 million, up by 21% sequentially.
-
- Raw material cost totaled NT$31,081
million for the quarter, representing 78% of total net
revenues.
- Labor cost totaled NT$1,358
million for the quarter, representing 3% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$487 million for the quarter.
- Gross margin increased 0.1 percentage points to 9.4%
in 2Q20 from 9.3% in 1Q20.
- Operating margin increased to 3.1% in 2Q20 from 2.4% in
1Q20.
LIQUIdiTY AND CAPITAL RESOURCES
- Capital expenditures in 2Q20 totaled US$495 million, of which US$287 million were used in packaging operations,
US$133 million in testing operations,
US$70 million in EMS operations and
US$5 million in interconnect
materials operations and others.
- As of June 30, 2020, total unused
credit lines amounted to NT$253,777
million.
- Current ratio was 1.17 and net debt to equity ratio was 0.70 as
of June 30, 2020.
- Total number of employees was 95,448 as of June 30, 2020, compared to 96,296 as of
March 31, 2020.
Business Review
Customers
ATM consolidated Basis
- Our five largest customers together accounted for approximately
50% of our total net revenues in 2Q20, compared
to 49% in 1Q20.
Two customers each accounted for more than 10% of
our total net revenues in 2Q20 individually.
- Our top 10 customers both contributed 61% of our total net
revenues in 2Q20 and 1Q20.
- Our customers that are integrated device manufacturers or IDMs
both accounted for 29% of our total net revenues in 2Q20
and 1Q20.
EMS Basis
- Our five largest customers together accounted for approximately
78% of our total net revenues in 1Q20, compared to 76%
in 1Q20. One customer accounted for more than 10%
of our total net revenues in 2Q20.
- Our top 10 customers contributed 89% of our total net revenues
in 2Q20, compared to 88% in 1Q20.
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 IC
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 and Mexico as well as the United States and Europe, ASEH has established a reputation for
reliable, high quality products and services. For
moreinformation, please visit our website at
http://www.aseglobal.com.
Investor Relations Contact:
ir@aseglobal.com
Tel: +886.2.6636.5678
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. 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 2019
Annual Report on Form 20-F filed on March
31, 2020.
Supplemental Financial Information
Consolidated
Operations
|
|
2Q/20
|
1Q/20
|
2Q/19
|
EBITDA (NT$
Millions)
|
22,488
|
19,061
|
18,072
|
|
ATM Consolidated
Operations
|
|
2Q/20
|
1Q/20
|
2Q/19
|
Net Revenues (NT$
Millions)
|
69,516
|
66,209
|
59,594
|
Revenues by
Application
|
|
|
|
Communication
|
54%
|
54%
|
51%
|
Computer
|
14%
|
15%
|
14%
|
Automotive, Consumer
& Others
|
32%
|
31%
|
35%
|
Revenues by
Type
|
|
|
|
Bumping, Flip Chip,
WLP & SiP
|
38%
|
38%
|
34%
|
Wirebonding
|
35%
|
36%
|
39%
|
Discrete and
Others
|
7%
|
7%
|
8%
|
Testing
|
18%
|
17%
|
17%
|
Material
|
2%
|
2%
|
2%
|
Capacity &
EBITDA
|
|
|
|
CapEx (US$
Millions)*
|
424
|
394
|
423
|
EBITDA (NT$
Millions)
|
20,037
|
17,693
|
16,512
|
Number of
Wirebonders
|
24,667
|
24,780
|
25,059
|
Number of
Testers
|
5,790
|
5,554
|
5,003
|
|
EMS
Operations
|
|
2Q/20
|
1Q/20
|
2Q/19
|
Net Revenues (NT$
Millions)
|
39,709
|
32,727
|
31,533
|
Revenues by End
Application
|
|
|
|
Communication
|
46%
|
36%
|
40%
|
Computer &
Storage
|
12%
|
14%
|
14%
|
Consumer
|
28%
|
33%
|
24%
|
Industrial
|
10%
|
11%
|
15%
|
Automotive
|
3%
|
6%
|
6%
|
Others
|
1%
|
0%
|
1%
|
Capacity
|
|
|
|
CapEx (US$
Millions)*
|
70
|
15
|
21
|
* Capital
expenditure excludes building construction costs.
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Statement of Comprehensive Income Data
|
(In NT$
millions, except per share data)
|
(Unaudited)
|
|
|
For the three months
ended
|
|
For the six months
ended
|
|
Jun. 30
2020
|
|
Mar. 31
2020
|
|
Jun. 30
2019
|
|
Jun. 30
2020
|
|
Jun. 30
2019
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
53,622
|
|
51,613
|
|
47,602
|
|
105,235
|
|
91,459
|
|
Testing
|
12,690
|
|
11,563
|
|
10,285
|
|
24,253
|
|
19,236
|
|
EMS
|
39,703
|
|
32,721
|
|
31,524
|
|
72,424
|
|
66,471
|
|
Others
|
1,534
|
|
1,460
|
|
1,330
|
|
2,994
|
|
2,436
|
|
Total net
revenues
|
107,549
|
|
97,357
|
|
90,741
|
|
204,906
|
|
179,602
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(88,740)
|
|
(81,201)
|
|
(76,772)
|
|
(169,941)
|
|
(154,248)
|
|
Gross
profit
|
18,809
|
|
16,156
|
|
13,969
|
|
34,965
|
|
25,354
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(4,837)
|
|
(4,609)
|
|
(4,515)
|
|
(9,446)
|
|
(8,470)
|
|
Selling, general and
administrative
|
(5,545)
|
|
(5,484)
|
|
(5,311)
|
|
(11,029)
|
|
(10,448)
|
|
Total operating
expenses
|
(10,382)
|
|
(10,093)
|
|
(9,826)
|
|
(20,475)
|
|
(18,918)
|
|
Operating
income
|
8,427
|
|
6,063
|
|
4,143
|
|
14,490
|
|
6,436
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
(expenses) income:
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(771)
|
|
(893)
|
|
(909)
|
|
(1,664)
|
|
(1,875)
|
|
Foreign exchange gain
(loss)
|
718
|
|
(324)
|
|
(340)
|
|
394
|
|
(520)
|
|
Gain (loss) on
valuation of financial assets
and liabilities
|
(17)
|
|
186
|
|
802
|
|
169
|
|
2,358
|
|
Gain (loss) on
equity-method investments
|
105
|
|
(39)
|
|
114
|
|
66
|
|
(40)
|
|
Others
|
417
|
|
244
|
|
614
|
|
661
|
|
700
|
|
Total non-operating
income (expenses)
|
452
|
|
(826)
|
|
281
|
|
(374)
|
|
623
|
|
Income before
tax
|
8,879
|
|
5,237
|
|
4,424
|
|
14,116
|
|
7,059
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,646)
|
|
(1,175)
|
|
(1,624)
|
|
(2,821)
|
|
(2,029)
|
|
Income from
continuing operations and
before noncontrolling
interest
|
7,233
|
|
4,062
|
|
2,800
|
|
11,295
|
|
5,030
|
|
Noncontrolling
interest
|
(296)
|
|
(163)
|
|
(110)
|
|
(459)
|
|
(297)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to
shareholders of the
parent
|
6,937
|
|
3,899
|
|
2,690
|
|
10,836
|
|
4,733
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
share
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$1.63
|
|
NT$0.92
|
|
NT$0.63
|
|
NT$2.54
|
|
NT$1.11
|
|
– Diluted
|
NT$1.60
|
|
NT$0.89
|
|
NT$0.62
|
|
NT$2.49
|
|
NT$1.08
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per
equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.109
|
|
US$0.061
|
|
US$0.041
|
|
US$0.170
|
|
US$0.072
|
|
– Diluted
|
US$0.107
|
|
US$0.060
|
|
US$0.040
|
|
US$0.166
|
|
US$0.070
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in
diluted EPS calculation (in
thousands)
|
4,273,770
|
|
4,280,990
|
|
4,256,799
|
|
4,279,072
|
|
4,256,265
|
|
|
|
|
|
|
|
|
|
|
|
|
FX
(NTD/USD)
|
29.94
|
|
30.01
|
|
31.04
|
|
29.97
|
|
30.90
|
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Statement of Comprehensive Income Data –
ATM
|
(In NT$ millions,
except per share data)
|
(Unaudited)
|
|
|
For the three months
ended
|
|
For the six months
ended
|
|
Jun. 30
2020
|
|
Mar. 31
2020
|
|
Jun. 30
2019
|
|
Jun. 30
2020
|
|
Jun. 30
2019
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
55,732
|
|
53,600
|
|
48,329
|
|
109,332
|
|
92,817
|
|
Testing
|
12,693
|
|
11,566
|
|
10,286
|
|
24,259
|
|
19,237
|
|
Direct
Material
|
1,051
|
|
1,014
|
|
944
|
|
2,065
|
|
1,844
|
|
Others
|
40
|
|
29
|
|
35
|
|
69
|
|
67
|
|
Total net
revenues
|
69,516
|
|
66,209
|
|
59,594
|
|
135,725
|
|
113,965
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(54,434)
|
|
(52,875)
|
|
(48,494)
|
|
(107,309)
|
|
(94,427)
|
|
Gross
profit
|
15,082
|
|
13,334
|
|
11,100
|
|
28,416
|
|
19,538
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(3,777)
|
|
(3,648)
|
|
(3,414)
|
|
(7,425)
|
|
(6,457)
|
|
Selling, general and
administrative
|
(4,081)
|
|
(4,114)
|
|
(4,020)
|
|
(8,195)
|
|
(7,861)
|
|
Total operating
expenses
|
(7,858)
|
|
(7,762)
|
|
(7,434)
|
|
(15,620)
|
|
(14,318)
|
|
Operating
income
|
7,224
|
|
5,572
|
|
3,666
|
|
12,796
|
|
5,220
|
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Statement of Comprehensive Income Data –
EMS
|
(In NT$
millions, except per share data)
|
(Unaudited)
|
|
|
For the three months
ended
|
|
For the six months
ended
|
|
Jun. 30
2020
|
|
Mar. 31
2020
|
|
Jun. 30
2019
|
|
Jun. 30
2020
|
|
Jun. 30
2019
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
39,709
|
|
32,727
|
|
31,533
|
|
72,436
|
|
66,492
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(35,979)
|
|
(29,679)
|
|
(28,657)
|
|
(65,658)
|
|
(60,686)
|
|
Gross
profit
|
3,730
|
|
3,048
|
|
2,876
|
|
6,778
|
|
5,806
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,085)
|
|
(983)
|
|
(1,125)
|
|
(2,068)
|
|
(2,065)
|
|
Selling, general and
administrative
|
(1,403)
|
|
(1,294)
|
|
(1,248)
|
|
(2,697)
|
|
(2,500)
|
|
Total operating
expenses
|
(2,488)
|
|
(2,277)
|
|
(2,373)
|
|
(4,765)
|
|
(4,565)
|
|
Operating
income
|
1,242
|
|
771
|
|
503
|
|
2,013
|
|
1,241
|
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Balance Sheet Data
|
(In NT$
millions)
|
(Unaudited)
|
|
|
As of Jun. 30,
2020
|
|
As of Mar. 31,
2020
|
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
58,223
|
|
|
|
73,829
|
Financial assets –
current
|
|
|
5,483
|
|
|
|
5,611
|
Notes and accounts
receivable
|
|
|
73,763
|
|
|
|
73,573
|
Inventories
|
|
|
50,649
|
|
|
|
50,027
|
Others
|
|
|
14,395
|
|
|
|
13,575
|
Total current
assets
|
|
|
202,513
|
|
|
|
216,615
|
|
|
|
|
|
|
|
|
Financial assets –
non-current & Investments – equity
method
|
|
|
12,950
|
|
|
|
14,750
|
Property plant and
equipment
|
|
|
238,757
|
|
|
|
234,419
|
Right-of-use
assets
|
|
|
9,091
|
|
|
|
9,578
|
Intangible
assets
|
|
|
77,154
|
|
|
|
77,941
|
Others
|
|
|
18,127
|
|
|
|
18,365
|
Total
assets
|
|
|
558,592
|
|
|
|
571,668
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
Short-term
borrowings
|
|
|
42,312
|
|
|
|
51,620
|
Current portion of
bonds payable & Current portion of
long-term borrowings[3]
|
|
|
11,366
|
|
|
|
13,725
|
Notes and accounts
payable
|
|
|
54,400
|
|
|
|
53,944
|
Others
|
|
|
64,547
|
|
|
|
53,719
|
Total current
liabilities
|
|
|
172,625
|
|
|
|
173,008
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
39,263
|
|
|
|
29,276
|
Long-term
borrowings[4]
|
|
|
115,518
|
|
|
|
134,363
|
Other
liabilities
|
|
|
17,251
|
|
|
|
17,555
|
Total
liabilities
|
|
|
344,657
|
|
|
|
354,202
|
Shareholders of the
parent
|
|
|
200,409
|
|
|
|
203,624
|
|
|
|
|
|
|
|
|
Non-controlling
interests
|
|
|
13,526
|
|
|
|
13,842
|
Total liabilities
& shareholders' equity
|
|
|
558,592
|
|
|
|
571,668
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Ratio
|
|
|
1.17
|
|
|
|
1.25
|
|
|
|
|
|
|
|
|
Net Debt to Equity
Ratio
|
|
|
0.70
|
|
|
|
0.71
|
ASE Technology
Holding Co., Ltd.
|
Summary of
Consolidated Cash Flow Statements
|
(In NT$
millions)
|
(Unaudited)
|
|
|
|
For the three months
ended
|
|
For the six months
ended
|
|
|
Jun. 30
|
|
Mar. 31
|
|
Jun. 30
|
|
Jun. 30
|
|
Jun. 30
|
|
|
2020
|
2020
|
2019
|
2020
|
2019
|
Cash Flows from
Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Profit before income
tax
|
|
8,879
|
|
5,237
|
|
4,424
|
|
14,116
|
|
7,059
|
|
Depreciation &
amortization
|
|
12,785
|
|
12,687
|
|
12,637
|
|
25,472
|
|
25,212
|
|
Other operating
activities items
|
|
(1,659)
|
|
(4,476)
|
|
(5,438)
|
|
(6,135)
|
|
(4,630)
|
|
Net cash generated
from
operating activities
|
|
20,005
|
|
13,448
|
|
11,623
|
|
33,453
|
|
27,641
|
|
Cash Flows from
Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property,
plant and equipment
|
|
(16,587)
|
|
(13,605)
|
|
(11,451)
|
|
(30,192)
|
|
(20,329)
|
|
Other investment
activities
items
|
|
1,902
|
|
(205)
|
|
(774)
|
|
1,697
|
|
1,976
|
|
Net cash used in
investing
activities
|
|
(14,685)
|
|
(13,810)
|
|
(12,225)
|
|
(28,495)
|
|
(18,353)
|
|
Cash Flows from
Financing
Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from
(repayment of) borrowings
|
|
(18,900)
|
|
13,890
|
|
(2,521)
|
|
(5,010)
|
|
(5,693)
|
|
Other financing
activities items
|
|
(457)
|
|
194
|
|
(896)
|
|
(263)
|
|
(1,048)
|
|
Net cash generated
from (used
in) financing activities
|
|
(19,357)
|
|
14,084
|
|
(3,417)
|
|
(5,273)
|
|
(6,741)
|
|
Foreign currency
exchange
effect
|
|
(1,569)
|
|
(24)
|
|
(208)
|
|
(1,593)
|
|
1,025
|
|
Net increase
(decrease) in cash
and cash equivalents
|
|
(15,606)
|
|
13,698
|
|
(4,227)
|
|
(1,908)
|
|
3,572
|
|
Cash and cash
equivalents at the
beginning of period
|
|
73,829
|
|
60,131
|
|
59,317
|
|
60,131
|
|
51,518
|
|
Cash and cash
equivalents at the
end of period
|
|
58,223
|
|
73,829
|
|
55,090
|
|
58,223
|
|
55,090
|
|
[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 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] Current portion
of long-term borrowings include long-term loans and notes
payable.
|
[4] Long-term
borrowings include long-term loans and bills payable.
|
View original
content:http://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-unaudited-consolidated-financial-results-for-the-second-quarter-of-2020-301103698.html
SOURCE ASE Technology Holding Co., Ltd.