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.
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ASE TECHNOLOGY HOLDING CO., LTD.
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Date: February 4, 2021
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By:
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/s/ Joseph Tung
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Name: Joseph Tung
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Title: Chief Financial Officer
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Investor
Relations Contact:
ir@aseglobal.com
Tel:
+886.2.6636.5678
http://www.aseglobal.com
ASE Technology
Holding Co., Ltd. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year of 2020
Taipei,
Taiwan, R.O.C., February 4, 2021 – 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 revenues1
of NT$148,877 million for 4Q20, up by 28% year-over-year and up by 21% sequentially.
Net income attributable to shareholders of the parent for the quarter totaled NT$10,044 million, up from a net income attributable
to shareholders of the parent of NT$6,383 million in 4Q19 and up from a net income attributable to shareholders of the parent
of NT$6,712 million in 3Q20. Basic earnings per share for the quarter were NT$2.35 (or US$0.163 per ADS), compared to basic earnings
per share of NT$1.50 for 4Q19 and basic earnings per share of NT$1.57 for 3Q20. Diluted earnings per share for the quarter were
NT$2.30 (or US$0.160 per ADS), compared to diluted earnings per share of NT$1.47 for 4Q19 and diluted earnings per share of NT$1.54
for 3Q20.
For
the full year of 2020, the Company reported net revenues of NT$476,978 million and net income attributable to shareholders of
the parent of NT$27,593 million. Basic earnings per share for the full year of 2020 were NT$6.47 (or US$0.438 per ADS). Diluted
earnings per share for the full year of 2020 were NT$6.31 (or US$0.427 per ADS).
RESULTS
OF OPERATIONS
4Q20
Results Highlights – Consolidated
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l
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Net
revenue contribution from packaging operations, testing operations, EMS operations and
others, each represented approximately 39%, 7%, 53% and 1%, respectively, of total net
revenues for the quarter.
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l
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Cost
of revenue was NT$125,578 million for the quarter, up from NT$103,475 million in 3Q20.
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-
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Raw
material cost totaled NT$83,398 million for the quarter, representing 56% of total net
revenues.
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-
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Labor
cost totaled NT$14,586 million for the quarter, representing 10% of total net revenues.
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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.
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-
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Depreciation,
amortization and rental expenses totaled NT$11,618 million for the quarter.
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l
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Gross
margin decreased 0.3 percentage points to 15.7% in 4Q20 from 16.0% in 3Q20.
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l
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Operating
margin was 7.6% in 4Q20, compared to 7.4% in 3Q20.
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l
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In
terms of non-operating items:
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-
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Net
interest expense was NT$592 million.
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-
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Net
foreign exchange gain of NT$51 million was primarily attributable to the depreciation
of U.S. dollar against New Taiwan dollar.
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-
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Gain
on valuation of financial assets and liabilities was NT$165 million.
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-
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Net
gain on equity-method investments was NT$169 million.
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-
Other net non-operating income of NT$1,565 million was primarily attributable to gain on revaluation of disposal subsidiary and
miscellaneous income. Total non-operating income for the quarter was NT$1,358 million.
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l
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Income
before tax was NT$12,604 million for 4Q20, compared to NT$9,014 million in 3Q20. We recorded
income tax expenses of NT$1,839 million for the quarter, compared to NT$1,797 million
in 3Q20.
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l
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In
4Q20, net income attributable to shareholders of the parent was NT$10,044 million, compared
to net income attributable to shareholders of the parent of NT$6,383 million in 4Q19
and net income attributable to shareholders of the parent of NT$6,712 million in 3Q20.
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l
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Our
total number of shares outstanding at the end of the quarter was 4,350,675,482, including
treasury stock owned by our subsidiaries. Our 4Q20 basic earnings per share of NT$2.35
(or US$0.163 per ADS) were based on 4,271,639,652 weighted average numbers of shares
outstanding in 4Q20. Our 4Q20 diluted earnings per share of NT$2.30 (or US$0.160 per
ADS) were based on 4,295,951,077 weighted average number of shares outstanding in 4Q20.
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4Q20
Results Highlights – ATM2
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l
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Cost
of revenues was NT$56,274 million for the quarter, down by 2% sequentially.
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-
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Raw
material cost totaled NT$18,249 million for the quarter, representing 25% of total net
revenues.
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-
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Labor
cost totaled NT$12,641 million for the quarter, representing 17% of total net revenues.
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-
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Depreciation,
amortization and rental expenses totaled NT$10,808 million for the quarter.
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l
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Gross
margin increased 2.4 percentage points to 22.6% in 4Q20 from 20.2% in 3Q20.
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l
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Operating
margin was 11.0% in 4Q20, compared to 9.5% in 3Q20.
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4Q20
Results Highlights – EMS
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-
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Cost
of revenues for the quarter was NT$72,153 million, up by 50% sequentially.
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2 ATM
stands for Semiconductor Assembly, Testing and Material.
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-
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Raw
material cost totaled NT$64,985 million for the quarter, representing 82% of total net
revenues.
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-
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Labor
cost totaled NT$1,852 million for the quarter, representing 2% of total net revenues.
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-
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Depreciation,
amortization and rental expenses totaled NT$681 million for the quarter.
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l
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Gross
margin decreased 0.9 percentage points to 8.8% in 4Q20 from 9.7% in 3Q20.
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l
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Operating
margin was both 4.4% in 4Q20 and in 3Q20.
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2020
Full-Year Results Highlights – Consolidated
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l
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Net
revenues for the full year of 2020 amounted to NT$476,978 million, up by 15% from 2019.
The revenue contribution from packaging operations, testing operations, EMS operations
and others ,each represented approximately 46%, 10%, 43% and 1%, respectively, of total
net revenues for the year.
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l
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Cost
of revenue for the year of 2020 was NT$398,994 million, compared with NT$348,871 million
in 2019.
|
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-
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Raw
material cost totaled NT$240,568 million for the year, representing 50% of total net
revenues.
|
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-
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Labor
cost totaled NT$55,226 million for the year, representing 12% of total net revenues.
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-
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Depreciation,
amortization and rental expenses totaled NT$46,861 million for the year.
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l
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Gross
margin increased 0.7 percentage points to 16.3% in 2020 from 15.6% in 2019.
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l
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Operating
margin increased to 7.3% in 2020 from 5.7% in 2019.
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l
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Total
non-operating income for the year was NT$857 million, compared to total non-operating
expenses of NT$164 million for 2019.
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l
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Income
before tax was NT$35,734 million for 2020. We recognized an income tax expense of NT$6,457
million for the year.
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l
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In
2020, net income attributable to shareholders of the parent amounted to NT$27,593 million,
compared with a net income attributable to shareholders of the parent of NT$16,850 million
in 2019.
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l
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Our
total number of shares outstanding at the end of the year was 4,350,675,482,
including treasury stock owned by our subsidiaries. Our 2020 basic earnings per share
of NT$6.47 (or US$0.438 per ADS) were based on 4,265,732,121 weighted average numbers
of shares outstanding in 2019. Our 2020 diluted earnings per share of NT$6.31 (or US$0.427
per ADS) were based on 4,288,633,865 weighted average number of shares outstanding in
2020.
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2020
Full-Year Results Highlights – ATM
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l
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Cost
of revenues for the full year of 2020 was NT$220,863 million, compared with NT$201,210
million in 2019.
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-
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Raw
material cost totaled NT$75,768 million for the year, representing 27% of total net revenues.
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-
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Labor
cost totaled NT$48,747 million for the year, representing 17% of total net
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revenues.
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Depreciation,
amortization and rental expenses totaled NT$44,126 million for the year.
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l
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Gross
margin increased to 21.2% in 2019 from 19.9% in 2019.
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l
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Operating
margin increased to 9.8% in 2019 from 7.6% in 2019.
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2020
Full-Year Results Highlights – EMS
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l
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Cost
of revenues was NT$185,802 million, up by 23% from 2019.
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-
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Raw
material cost totaled NT$164,287 million for the year, representing 80% of total net
revenues.
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-
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Labor
cost totaled NT$6,152 million for the year, representing 3% of total net revenues.
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-
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Depreciation,
amortization and rental expenses totaled NT$2,210 million for the year.
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l
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Gross
margin increased to 9.2% in 2020 from 8.8% in 2019.
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l
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Operating
margin increased to 3.8% in 2020 from 2.9% in 2019.
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LIQUIdiTY
AND CAPITAL RESOURCES
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l
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Capital
expenditures in 4Q20 totaled US$379 million, of which US$296 million were used in packaging
operations, US$60 million in testing operations, US$19 million in EMS operations and
US$4 million in interconnect materials operations and others.
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l
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For
the full year of 2020, we spent US$1,699 million for capital expenditures, including
US$1,108 million in packaging operations, US$422 million in testing operations, US$157
million in EMS operations and US$12 million in interconnect materials operations and
others.
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l
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As
of December 31, 2020, total unused credit lines amounted to NT$275,181 million.
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Current
ratio was 1.30 and net debt to equity ratio was 0.65 as of December 31, 2020.
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l
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Total
number of employees was 101,981 as of December 31, 2020, compared to 97,259 as of September
30, 2020.
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Business
Review
Customers
ATM
consolidated Basis
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l
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Our
five largest customers together accounted for approximately 43% of our total net revenues
in 4Q20, compared to 48% in 3Q20. Two customers each accounted for more than 10% of our
total net revenues in 4Q20 individually.
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Our
top 10 customers contributed 55% of our total net revenues in 4Q20, compared to 60% in
3Q20.
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Our
customers that are integrated device manufacturers or IDMs accounted for 32% of our total
net revenues in 4Q20, compared to 30% in 3Q20.
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EMS
Basis
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l
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Our
five largest customers together accounted for approximately 86% of our total net
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revenues
in 4Q20, compared to 83% in 3Q20. One customer accounted for more than 10% of our total net revenues in 4Q20.
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l
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Our
top 10 customers contributed 90% of our total net revenues both in 4Q20 and 3Q20.
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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 more information, please 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. 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
|
4Q/20
|
3Q/20
|
4Q/19
|
EBITDA
(NT$ Millions)
|
26,130
|
23,230
|
22,543
|
ATM
Consolidated Operations
|
4Q/20
|
3Q/20
|
4Q/19
|
Net
Revenues (NT$ Millions)
|
72,752
|
71,820
|
69,287
|
Revenues
by Application
|
|
|
|
Communication
|
52%
|
53%
|
54%
|
Computing
|
14%
|
14%
|
16%
|
Automotive,
Consumer & Others
|
34%
|
33%
|
30%
|
Revenues
by Type
|
|
|
|
Bumping,
Flip Chip, WLP & SiP
|
35%
|
37%
|
38%
|
Wirebonding
|
39%
|
37%
|
36%
|
Discrete
and Others
|
9%
|
8%
|
7%
|
Testing
|
15%
|
17%
|
17%
|
Material
|
2%
|
1%
|
2%
|
Capacity
& EBITDA
|
|
|
|
CapEx
(US$ Millions)*
|
359
|
362
|
439
|
EBITDA
(NT$ Millions)
|
21,822
|
19,775
|
20,052
|
Number
of Wirebonders
|
26,461
|
25,117
|
25,004
|
Number
of Testers
|
5,680
|
5,715
|
5,402
|
EMS
Operations
|
4Q/20
|
3Q/20
|
4Q/19
|
Net
Revenues (NT$ Millions)
|
79,149
|
53,137
|
48,762
|
Revenues
by End Application
|
|
|
|
Communication
|
45%
|
40%
|
43%
|
Computing
& Storage
|
4%
|
6%
|
11%
|
Consumer
|
39%
|
40%
|
32%
|
Industrial
|
8%
|
9%
|
10%
|
Automotive
|
3%
|
4%
|
4%
|
Others
|
1%
|
1%
|
0%
|
Capacity
|
|
|
|
CapEx
(US$ Millions)*
|
19
|
52
|
18
|
*
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 year ended
|
|
Dec.
31
2020
|
|
Sep.
30
2020
|
|
Dec.
31
2019
|
|
Dec.
31
2020
|
|
Dec.
31
2019
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
57,260
|
|
56,172
|
|
53,653
|
|
218,667
|
|
198,916
|
|
Testing
|
10,667
|
|
12,351
|
|
11,930
|
|
47,271
|
|
42,659
|
|
EMS
|
79,141
|
|
53,126
|
|
48,734
|
|
204,691
|
|
165,789
|
|
Others
|
1,809
|
|
1,546
|
|
1,706
|
|
6,349
|
|
5,818
|
|
Total net revenues
|
148,877
|
|
123,195
|
|
116,023
|
|
476,978
|
|
413,182
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(125,578)
|
|
(103,475)
|
|
(96,174)
|
|
(398,994)
|
|
(348,871)
|
|
Gross profit
|
23,299
|
|
19,720
|
|
19,849
|
|
77,984
|
|
64,311
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
Research
and development
|
(4,929)
|
|
(4,926)
|
|
(5,020)
|
|
(19,301)
|
|
(18,396)
|
|
Selling,
general and administrative
|
(7,124)
|
|
(5,653)
|
|
(6,124)
|
|
(23,806)
|
|
(22,389)
|
|
Total
operating expenses
|
(12,053)
|
|
(10,579)
|
|
(11,144)
|
|
(43,107)
|
|
(40,785)
|
|
Operating income
|
11,246
|
|
9,141
|
|
8,705
|
|
34,877
|
|
23,526
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
income (expenses):
|
|
|
|
|
|
|
|
|
|
|
Interest
expense - net
|
(592)
|
|
(660)
|
|
(895)
|
|
(2,916)
|
|
(3,636)
|
|
Foreign
exchange gain (loss)
|
51
|
|
561
|
|
1,634
|
|
1,006
|
|
1,126
|
|
Gain
(loss) on valuation of financial assets and liabilities
|
165
|
|
(406)
|
|
(693)
|
|
(72)
|
|
1,646
|
|
Gain
on equity-method investments
|
169
|
|
277
|
|
156
|
|
512
|
|
264
|
|
Others
|
1,565
|
|
101
|
|
(325)
|
|
2,327
|
|
436
|
|
Total
non-operating income (expenses)
|
1,358
|
|
(127)
|
|
(123)
|
|
857
|
|
(164)
|
|
Income before tax
|
12,604
|
|
9,014
|
|
8,582
|
|
35,734
|
|
23,362
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
(1,839)
|
|
(1,797)
|
|
(1,779)
|
|
(6,457)
|
|
(5,309)
|
|
Income from continuing
operations and
before
non-controlling interest
|
10,765
|
|
7,217
|
|
6,803
|
|
29,277
|
|
18,053
|
|
Non-controlling
interest
|
(721)
|
|
(505)
|
|
(420)
|
|
(1,684)
|
|
(1,203)
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income attributable to
shareholders
of the parent
|
10,044
|
|
6,712
|
|
6,383
|
|
27,593
|
|
16,850
|
|
|
|
|
|
|
|
|
|
|
|
|
Per
share data:
|
|
|
|
|
|
|
|
|
|
|
Earnings
per share
|
|
|
|
|
|
|
|
|
|
|
–
Basic
|
NT$2.35
|
|
NT$1.57
|
|
NT$1.50
|
|
NT$6.47
|
|
NT$3.96
|
|
–
Diluted
|
NT$2.30
|
|
NT$1.54
|
|
NT$1.47
|
|
NT$6.31
|
|
NT$3.86
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per equivalent
ADS
|
|
|
|
|
|
|
|
|
|
|
–
Basic
|
US$0.163
|
|
US$0.107
|
|
US$0.098
|
|
US$0.438
|
|
US$0.257
|
|
–
Diluted
|
US$0.160
|
|
US$0.105
|
|
US$0.096
|
|
US$0.427
|
|
US$0.250
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average
shares used in
diluted
EPS calculation (in thousands)
|
4,295,951
|
|
4,281,115
|
|
4,284,201
|
|
4,288,634
|
|
4,262,766
|
|
|
|
|
|
|
|
|
|
|
|
|
FX (NTD/USD)
|
28.78
|
|
29.46
|
|
30.54
|
|
29.54
|
|
30.88
|
|
ASE
Technology Holding Co., Ltd.
Summary
of Consolidated Statement of Comprehensive Income Data – ATM
(In NT$
millions, except per share data)
(Unaudited)
|
For
the three months ended
|
|
For
the year ended
|
|
Dec.
31
2020
|
|
Sep.
30
2020
|
|
Dec.
31
2019
|
|
Dec.
31
2020
|
|
Dec.
31
2019
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
60,825
|
|
58,417
|
|
56,093
|
|
228,574
|
|
204,073
|
|
Testing
|
10,667
|
|
12,351
|
|
11,932
|
|
47,277
|
|
42,664
|
|
Direct
Material
|
1,229
|
|
1,020
|
|
1,228
|
|
4,314
|
|
4,283
|
|
Others
|
31
|
|
32
|
|
34
|
|
132
|
|
134
|
|
Total net revenues
|
72,752
|
|
71,820
|
|
69,287
|
|
280,297
|
|
251,154
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(56,274)
|
|
(57,280)
|
|
(53,590)
|
|
(220,863)
|
|
(201,210)
|
|
Gross profit
|
16,478
|
|
14,540
|
|
15,697
|
|
59,434
|
|
49,944
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
Research
and development
|
(3,882)
|
|
(3,827)
|
|
(4,001)
|
|
(15,133)
|
|
(14,352)
|
|
Selling,
general and administrative
|
(4,594)
|
|
(3,904)
|
|
(4,330)
|
|
(16,692)
|
|
(16,592)
|
|
Total
operating expenses
|
(8,476)
|
|
(7,731)
|
|
(8,331)
|
|
(31,825)
|
|
(30,944)
|
|
Operating income
|
8,002
|
|
6,809
|
|
7,366
|
|
27,609
|
|
19,000
|
|
|
|
|
|
|
|
|
|
|
|
|
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 year ended
|
|
Dec.
31
2020
|
|
Sep.
30
2020
|
|
Dec.
31
2019
|
|
Dec.
31
2020
|
|
Dec.
31
2019
|
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
79,149
|
|
53,137
|
|
48,762
|
|
204,723
|
|
165,853
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
(72,153)
|
|
(47,990)
|
|
(44,443)
|
|
(185,802)
|
|
(151,234)
|
|
Gross profit
|
6,996
|
|
5,147
|
|
4,319
|
|
18,921
|
|
14,619
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
Research
and development
|
(1,073)
|
|
(1,126)
|
|
(1,063)
|
|
(4,267)
|
|
(4,170)
|
|
Selling,
general and administrative
|
(2,460)
|
|
(1,695)
|
|
(1,703)
|
|
(6,852)
|
|
(5,556)
|
|
Total
operating expenses
|
(3,533)
|
|
(2,821)
|
|
(2,766)
|
|
(11,119)
|
|
(9,726)
|
|
Operating income
|
3,463
|
|
2,326
|
|
1,553
|
|
7,802
|
|
4,893
|
|
|
|
|
|
|
|
|
|
|
|
|
ASE
Technology Holding Co., Ltd.
Summary
of Consolidated Balance Sheet Data
(In NT$
millions)
(Unaudited)
|
As
of Dec. 31, 2020
|
|
As
of Sep. 30, 2020
|
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
51,538
|
|
|
|
55,814
|
Financial assets –
current
|
|
|
4,894
|
|
|
|
5,993
|
Notes and accounts
receivable
|
|
|
91,834
|
|
|
|
86,718
|
Inventories
|
|
|
61,988
|
|
|
|
62,948
|
Others
|
|
|
14,347
|
|
|
|
22,167
|
Total current assets
|
|
|
224,601
|
|
|
|
233,640
|
|
|
|
|
|
|
|
|
Financial
assets – non-current & Investments – equity
method
|
|
|
17,041
|
|
|
|
14,279
|
Property plant and equipment
|
|
|
233,207
|
|
|
|
230,938
|
Right-of-use assets
|
|
|
8,621
|
|
|
|
8,346
|
Intangible assets
|
|
|
80,930
|
|
|
|
76,383
|
Others
|
|
|
19,460
|
|
|
|
17,964
|
Total assets
|
|
|
583,860
|
|
|
|
581,550
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
|
34,598
|
|
|
|
34,099
|
Current
portion of bonds payable & Current portion of long-term borrowings3
|
|
|
11,220
|
|
|
|
13,708
|
Notes and accounts
payable
|
|
|
73,268
|
|
|
|
71,515
|
Others
|
|
|
53,456
|
|
|
|
56,152
|
Total current liabilities
|
|
|
172,542
|
|
|
|
175,474
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
49,254
|
|
|
|
49,249
|
Long-term borrowings4
|
|
|
108,170
|
|
|
|
122,097
|
Other liabilities
|
|
|
19,637
|
|
|
|
17,187
|
Total liabilities
|
|
|
349,603
|
|
|
|
364,007
|
|
|
|
|
|
|
|
|
Equity attributable to shareholders of the parent
|
|
|
218,635
|
|
|
|
205,510
|
Non-controlling interests
|
|
|
15,622
|
|
|
|
12,033
|
Total liabilities & shareholders’
equity
|
|
|
583,860
|
|
|
|
581,550
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.30
|
|
|
|
1.33
|
Net Debt to Equity Ratio
|
|
|
0.65
|
|
|
|
0.75
|
_____________________
3Current
portion of long-term borrowings include long-term loans and notes payable.
4Long-term
borrowings include long-term loans and bills payable.
ASE
Technology Holding Co., Ltd.
Summary
of Consolidated Cash Flow Statements
(In NT$
millions)
(Unaudited)
|
|
For
the three months ended
|
|
For
the year ended
|
|
|
|
Dec. 31
|
|
Sep.
30
|
|
Dec.
31
|
|
Dec.
31
|
|
Dec. 31
|
|
|
2020
|
2020
|
2019
|
2020
|
2019
|
Cash
Flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Profit
before income tax
|
|
12,604
|
|
9,014
|
|
8,582
|
|
35,734
|
|
23,362
|
|
Depreciation
& amortization
|
|
12,764
|
|
13,022
|
|
12,645
|
|
51,259
|
|
50,467
|
|
Other
operating activities items
|
|
2,767
|
|
(8,550)
|
|
10,357
|
|
(11,919)
|
|
(1,526)
|
|
Net
cash generated from operating activities
|
|
28,135
|
|
13,486
|
|
31,584
|
|
75,074
|
|
72,303
|
|
Cash
Flows from Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Net
payments for property, plant
and equipment
|
|
(15,139)
|
|
(12,297)
|
|
(17,261)
|
|
(57,628)
|
|
(56,361)
|
|
Other
investment activities items
|
|
(4,859)
|
|
(156)
|
|
(682)
|
|
(3,319)
|
|
1,782
|
|
Net
cash used in investing activities
|
|
(19,998)
|
|
(12,453)
|
|
(17,943)
|
|
(60,947)
|
|
(54,579)
|
|
Cash
Flows from Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
Total
net proceeds from (repayment of) debts
|
|
(15,686)
|
|
12,412
|
|
(5,119)
|
|
(8,285)
|
|
15,741
|
|
Dividends
paid
|
|
-
|
|
(8,521)
|
|
-
|
|
(8,521)
|
|
(10,623)
|
|
Other
financing activities items
|
|
989
|
|
(5,917)
|
|
(7,213)
|
|
(5,189)
|
|
(11,617)
|
|
Net
cash used in financing activities
|
|
(14,697)
|
|
(2,026)
|
|
(12,332)
|
|
(21,995)
|
|
(6,499)
|
|
Foreign
currency exchange effect
|
|
625
|
|
243
|
|
(2,398)
|
|
(725)
|
|
(2,612)
|
|
Net
increase (decrease) in cash
and cash equivalents
|
|
(5,935)
|
|
(750)
|
|
(1,089)
|
|
(8,593)
|
|
8,613
|
|
Cash
and cash equivalents at the beginning of period
|
|
55,814
|
|
58,223
|
|
61,220
|
|
60,131
|
|
51,518
|
|
Cash
and cash equivalents at the
end of period
|
|
49,879
|
|
57,473
|
|
60,131
|
|
51,538
|
|
60,131
|
|
Cash
and cash equivalents in the consolidated balance sheet
|
|
51,538
|
|
55,814
|
|
60,131
|
|
51,538
|
|
60,131
|
|
Cash
and cash equivalents included in disposal groups held for sale
|
|
(1,659)
|
|
1,659
|
|
-
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|