TAIPEI, Feb. 1, 2024
/PRNewswire/ -- ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE:
ASX) ("We", "ASEH", or the "Company"), the leading provider of
semiconductor assembly and testing services ("ATM") and the
provider of electronic manufacturing services ("EMS"), today
reported its unaudited net revenues[1] of NT$160,581 million for 4Q23, down by 9.5%
year-over-year and up by 4.2% sequentially. Net income attributable
to shareholders of the parent for the quarter totaled NT$9,392 million, down from NT$15,730 million in 4Q22 and up from
NT$8,776 million in 3Q23. Basic
earnings per share for the quarter were NT$2.18 (or US$0.137 per ADS), compared to NT$3.77 for 4Q22 and NT$2.04 for 3Q23. Diluted earnings per
share for the quarter were NT$2.13
(or US$0.133 per ADS), compared to
NT$3.57 for 4Q22 and NT$2.00 for 3Q23.
For the full year of 2023, the Company reported unaudited net
revenues of NT$581,914 million and
net income attributable to shareholders of the parent of
NT$31,725 million. Basic
earnings per share for the full year of 2023 were NT$7.39 (or US$0.475 per ADS). Diluted earnings per
share for the full year of 2023 were NT$7.18 (or US$0.462 per ADS).
RESULTS OF OPERATIONS
4Q23 Results Highlights – Consolidated
- Net revenues from packaging operations, testing operations, EMS
operations, and others represented approximately 41%, 9%, 49%, and
1% of the total net revenues for the quarter, respectively.
- Cost of revenues was NT$134,820 million for the quarter,
up from NT$129,251 million in 3Q23.
- Raw material cost totaled NT$87,527 million for the
quarter, representing 55% of the total net revenues.
- Labor cost totaled NT$15,562 million for the quarter,
representing 10% of the total net revenues.
- Depreciation, amortization and rental expenses
totaled NT$13,192 million for the quarter.
- Gross margin decreased by 0.2 percentage points to 16.0% in
4Q23 from 16.2% in 3Q23.
- Operating margin was 7.4% in both 4Q23 and 3Q23.
- In terms of non-operating items:
- Net interest expense was NT$1,302
million.
- Net foreign exchange gain was NT$3,731 million, primarily
attributable to the depreciation of the U.S. dollar against the New
Taiwan dollar.
- Net loss on valuation of financial assets and liabilities
was NT$2,977 million.
- Net gain on equity-method investments was NT$155
million.
- Other net non-operating income was NT$945 million,
primarily attributable to miscellaneous income. Total non-operating
income for the quarter was NT$552
million.
- Income before tax was NT$12,367 million in 4Q23, compared
to NT$12,252 million in 3Q23. We
recorded income tax expenses of NT$2,461
million for the quarter, compared to NT$2,890 million in 3Q23.
- Net income attributable to shareholders of the parent
was NT$9,392 million in 4Q23, compared to NT$15,730 million in 4Q22 and NT$8,776 million in 3Q23.
- Our total number of shares outstanding at the end of the
quarter was 4,384,426,737, including treasury stock owned by our
subsidiaries in 4Q23. Our 4Q23 basic earnings per share of
NT$2.18 (or US$0.137 per ADS) were based on 4,304,588,209
weighted average numbers of shares outstanding in 4Q23. Our
4Q23 diluted earnings per share of NT$2.13 (or US$0.133 per ADS) were based on 4,351,271,177
weighted average number of shares outstanding in 4Q23.
4Q23 Results Highlights – ATM
- Net revenues were NT$82,004 million for the quarter, down
by 13.1% year-over-year and down by 2.0% sequentially.
- Cost of revenues was NT$62,786 million for the
quarter, down by 8% year-over-year and down by 4% sequentially.
- Raw material cost totaled NT$23,171 million for the
quarter, representing 28% of the total net revenues.
- Labor cost totaled NT$12,390 million for the quarter,
representing 15% of the total net revenues.
- Depreciation, amortization and rental expenses
totaled NT$11,772 million for the quarter.
- Gross margin increased by 1.2 percentage points to 23.4% in
4Q23 from 22.2% in 3Q23.
- Operating margin was 11.2% in 4Q23, compared to 10.5% in
3Q23.
4Q23 Results Highlights – EMS
- Net revenues were NT$79,182 million, down by 6%
year-over-year and up by 12% sequentially.
- Cost of revenues for the quarter was NT$72,496 million,
down by 5% year-over-year and up by 12% sequentially.
- Raw material cost totaled NT$64,279 million for the
quarter, representing 81% of the total net revenues.
- Labor cost totaled NT$3,056 million for the quarter,
representing 4% of the total net revenues.
- Depreciation, amortization and rental expenses
totaled NT$1,156 million for the quarter.
- Gross margin decreased by 0.7 percentage points to 8.4% in 4Q23
from 9.1% in 3Q23.
- Operating margin was 3.5% in 4Q23, compared to 3.9% in
3Q23.
2023 Full-Year Results Highlights – Consolidated
- Net revenues for the full year of 2023 amounted
to NT$581,914 million, down by 13% from the full year of 2022.
Net revenues from packaging operations, testing operations, EMS
operations and others represented approximately 44%, 9%, 46% and 1%
of total net revenues for the year, respectively.
- Cost of revenue for the year of 2023 was NT$490,157
million, compared to NT$535,943
million in 2022.
- Raw material cost totaled NT$310,179 million for the year,
representing 53% of total net revenues.
- Labor cost totaled NT$60,762 million for the year,
representing 10% of total net revenues.
- Depreciation, amortization and rental expenses
totaled NT$52,485 million for the year.
- Gross margin decreased by 4.3 percentage points to 15.8% in
2023 from 20.1% in 2022.
- Operating margin decreased to 6.9% in 2023 from 12.0% in
2022.
- Total non-operating income for the year was NT$2,272 million, compared to NT$1,450 million in 2022.
- Income before tax was NT$42,600
million in 2023. We recognized an income tax expense
of NT$9,043 million for the
year.
- Net income attributable to shareholders of the parent amounted
to NT$31,725 million in 2023, compared to NT$62,090 million in 2022.
- Our 2023 basic earnings per share of NT$7.39 (or
US$0.475 per ADS) were based on
4,295,871,311 weighted average numbers of shares outstanding in
2023. Our 2023 diluted earnings per share of NT$7.18 (or US$0.462 per ADS) were based on 4,347,671,048
weighted average number of shares outstanding in 2023.
2023 Full-Year Results Highlights – ATM
- Cost of revenues for the full year of 2023 was NT$246,397 million, compared to NT$266,283 million in 2022.
- Raw material cost totaled NT$93,110 million for the year,
representing 30% of total net revenues.
- Labor cost totaled NT$48,967 million for the year,
representing 16% of total net revenues.
- Depreciation, amortization and rental expenses
totaled NT$47,090 million for the year.
- Gross margin decreased to 21.8% in 2023 from 28.5% in
2022.
- Operating margin decreased to 10.1% in 2023 from 17.9% in
2022.
2023 Full-Year Results Highlights – EMS
- Cost of revenues was NT$244,947 million in 2023, down by
10% from 2022.
- Raw material cost totaled NT$216,824
million for the year, representing 81% of total net
revenues.
- Labor cost totaled NT$11,340
million for the year, representing 4% of total net
revenues.
- Depreciation, amortization and rental expenses
totaled NT$4,331 million for the year.
- Gross margin decreased to 8.7% in 2023 from 9.6% in 2022.
- Operating margin decreased to 3.3% in 2023 from 4.6% in
2022.
LIQUIDITY AND CAPITAL RESOURCES
- Capital expenditures in 4Q23 totaled US$234 million, of which US$130 million was used in packaging operations,
US$76 million in testing operations,
US$21 million in EMS operations and
US$7 million in interconnect
materials operations and others.
- Capital expenditures in 2023 totaled US$914 million, of which US$460 million was used in packaging operations,
US$314 million in testing operations,
US$114 million in EMS operations and
US$26 million in interconnect
materials operations and others.
- Total unused credit lines amounted to NT$373,763 million
as of December 31, 2023.
- Current ratio was 1.18 and net debt to equity ratio was 0.38 as
of December 31, 2023.
- Total number of employees was 92,908 as of December 31, 2023, compared to 93,289 as of
September 30, 2023.
BUSINESS REVIEW
Customers
ATM BASIS
- Our five largest customers together accounted for approximately
44% of our total net revenues in 4Q23, compared to 42% in 3Q23.
Two customers each accounted for more than 10% of our total
net revenues in 4Q23 individually.
- Our top 10 customers contributed 58% of our total net revenues
in 4Q23, compared to 57% in 3Q23.
- Our customers that are integrated device manufacturers
or IDMs accounted for 30% of our total net revenues in
4Q23, compared to 31% in 3Q23.
EMS BASIS
- Our five largest customers together accounted for approximately
72% of our total net revenues in 4Q23, compared to 70% in 3Q23. One
customer accounted for more than 10% of our total net revenues in
4Q23.
- Our top 10 customers contributed 79% of our total net revenues
in 4Q23, compared to 78% in 3Q23.
About ASE Technology Holding Co., Ltd.
ASEH is the leading provider of semiconductor
manufacturing services in assembly and test. The Company develops
and offers complete turnkey solutions covering front-end
engineering test, wafer probing and final test, as well as
packaging, materials and electronic manufacturing services through
USI with superior technologies, breakthrough
innovations, and advanced development programs. With
advanced technological capabilities and a global presence spanning
Taiwan, China, South
Korea, Japan, Singapore, Malaysia, Vietnam, Mexico, and Tunisia as well as the United States and Europe, ASEH has established a reputation for
reliable, high quality products and services.
For more information, please visit our website at
https://www.aseglobal.com.
Safe Harbor Notice
This press release contains "forward-looking statements" within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended. Although these forward-looking
statements, which may include statements regarding our future
results of operations, financial condition or business prospects,
are based on our own information and information from other sources
we believe to be reliable, you should not place undue reliance on
these forward-looking statements, which apply only as of the date
of this press release. The words "anticipate," "believe,"
"estimate," "expect," "intend," "plan" and similar expressions, as
they relate to us, are intended to identify these forward-looking
statements in this press release. These forward-looking statements
are necessarily estimates reflecting the best judgment of our
senior management and our actual results of operations, financial
condition or business prospects may differ materially from those
expressed or implied by the forward-looking statements for reasons
including, among others, risks associated with cyclicality and
market conditions in the semiconductor or electronic industry;
changes in our regulatory environment, including our ability to
comply with new or stricter environmental regulations and to
resolve environmental liabilities; demand for the outsourced
semiconductor packaging, testing and electronic manufacturing
services we offer and for such outsourced services generally; the
highly competitive semiconductor or manufacturing industry we are
involved in; our ability to introduce new technologies in order to
remain competitive; international business activities; our business
strategy; our future expansion plans and capital expenditures; the
strained relationship between the Republic of China and the People's Republic of China; general
economic and political conditions; the recent shift in United States trade policies; possible
disruptions in commercial activities caused by natural or
human-induced disasters; fluctuations in foreign currency exchange
rates; and other factors. The announced results of the full
year of 2023 are preliminary and subject to audit adjustments. For
a discussion of these risks and other factors, please see the
documents we file from time to time with the Securities and
Exchange Commission, including the 2022 Annual Report on Form 20-F
filed on April 10, 2023.
Supplemental Financial
Information
(Unaudited)
Consolidated Operations
|
4Q23
|
3Q23
|
4Q22
|
|
EBITDA (NT$
million)
|
28,606
|
27,822
|
35,855
|
ATM Operations
|
4Q23
|
3Q23
|
4Q22
|
|
Net Revenues (NT$
million)
|
82,004
|
83,684
|
94,322
|
|
Revenues by
Application
|
|
|
|
|
Communication
|
53 %
|
52 %
|
53 %
|
|
Computing
|
17 %
|
19 %
|
16 %
|
|
Automotive, Consumer
& Others
|
30 %
|
29 %
|
31 %
|
|
Revenues by
Type
|
|
|
|
|
Bumping, Flip Chip, WLP
& SiP
|
44 %
|
44 %
|
43 %
|
|
Wirebonding
|
30 %
|
32 %
|
33 %
|
|
Others
|
8 %
|
8 %
|
7 %
|
|
Testing
|
16 %
|
15 %
|
15 %
|
|
Material
|
2 %
|
1 %
|
2 %
|
|
Capacity &
EBITDA
|
|
|
|
|
CapEx (US$
million)*
|
213
|
210
|
311
|
|
EBITDA (NT$
million)
|
23,787
|
23,117
|
29,856
|
|
Number of
Wirebonders
|
25,860
|
26,215
|
25,854
|
|
Number of
Testers
|
5,556
|
5,510
|
5,359
|
EMS Operations
|
4Q23
|
3Q23
|
4Q22
|
|
Net Revenues (NT$
million)
|
79,182
|
70,970
|
83,933
|
|
Revenues by
Application
|
|
|
|
|
Communication
|
40 %
|
34 %
|
38 %
|
|
Computing
|
11 %
|
8 %
|
9 %
|
|
Consumer
|
28 %
|
37 %
|
34 %
|
|
Industrial
|
11 %
|
12 %
|
12 %
|
|
Automotive
|
8 %
|
7 %
|
6 %
|
|
Others
|
2 %
|
2 %
|
1 %
|
|
Capacity
|
|
|
|
|
CapEx (US$
million)*
|
21
|
28
|
25
|
* Capital expenditure excludes building construction
costs.
|
ASE Technology
Holding Co., Ltd.
|
|
Summary of
Consolidated Statement of Income Data
|
|
(In NT$ million,
except per share data)
|
|
(Unaudited)
|
|
|
For the three months
ended
|
|
For the year
ended
|
|
|
Dec. 31
2023
|
|
Sep. 30
2023
|
|
Dec. 31
2022
|
|
Dec. 31
2023
|
|
Dec. 31
2022
|
|
|
Net revenues
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
66,221
|
|
68,709
|
|
76,630
|
|
256,805
|
|
303,948
|
|
|
Testing
|
13,363
|
|
12,819
|
|
14,676
|
|
49,881
|
|
55,960
|
|
|
EMS
|
79,155
|
|
70,948
|
|
83,931
|
|
268,218
|
|
301,967
|
|
|
Others
|
1,842
|
|
1,691
|
|
2,180
|
|
7,010
|
|
8,998
|
|
|
Total net
revenues
|
160,581
|
|
154,167
|
|
177,417
|
|
581,914
|
|
670,873
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(134,820)
|
|
(129,251)
|
|
(143,318)
|
|
(490,157)
|
|
(535,943)
|
|
|
Gross profit
|
25,761
|
|
24,916
|
|
34,099
|
|
91,757
|
|
134,930
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(6,950)
|
|
(6,759)
|
|
(6,951)
|
|
(25,499)
|
|
(24,370)
|
|
|
Selling, general and
administrative
|
(6,996)
|
|
(6,752)
|
|
(7,374)
|
|
(25,930)
|
|
(30,384)
|
|
|
Total operating
expenses
|
(13,946)
|
|
(13,511)
|
|
(14,325)
|
|
(51,429)
|
|
(54,754)
|
|
|
Operating
income
|
11,815
|
|
11,405
|
|
19,774
|
|
40,328
|
|
80,176
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
income and expenses
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(1,302)
|
|
(1,247)
|
|
(1,093)
|
|
(4,726)
|
|
(3,334)
|
|
|
Foreign exchange gain
(loss)
|
3,731
|
|
(2,090)
|
|
2,763
|
|
998
|
|
(2,460)
|
|
|
Gain (loss) on
valuation of financial assets and liabilities
|
(2,977)
|
|
2,820
|
|
(1,720)
|
|
1,860
|
|
4,108
|
|
|
Gain on equity-method
investments
|
155
|
|
656
|
|
85
|
|
1,125
|
|
1,128
|
|
|
Others
|
945
|
|
708
|
|
403
|
|
3,015
|
|
2,008
|
|
|
Total non-operating
income and expenses
|
552
|
|
847
|
|
438
|
|
2,272
|
|
1,450
|
|
|
Income before
tax
|
12,367
|
|
12,252
|
|
20,212
|
|
42,600
|
|
81,626
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(2,461)
|
|
(2,890)
|
|
(3,596)
|
|
(9,043)
|
|
(16,399)
|
|
|
Income from operations
and before non-controlling interests
|
9,906
|
|
9,362
|
|
16,616
|
|
33,557
|
|
65,227
|
|
|
Non-controlling
interests
|
(514)
|
|
(586)
|
|
(886)
|
|
(1,832)
|
|
(3,137)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable
to shareholders of the parent
|
9,392
|
|
8,776
|
|
15,730
|
|
31,725
|
|
62,090
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$2.18
|
|
NT$2.04
|
|
NT$3.77
|
|
NT$7.39
|
|
NT$14.53
|
|
|
– Diluted
|
NT$2.13
|
|
NT$2.00
|
|
NT$3.57
|
|
NT$7.18
|
|
NT$13.94
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per equivalent
ADS
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.137
|
|
US$0.130
|
|
US$0.240
|
|
US$0.475
|
|
US$0.980
|
|
|
– Diluted
|
US$0.133
|
|
US$0.127
|
|
US$0.228
|
|
US$0.462
|
|
US$0.941
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in
diluted EPS calculation ( in thousand shares)
|
4,351,271
|
|
4,347,752
|
|
4,218,765
|
|
4,347,671
|
|
4,323,422
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FX (NTD/USD)
|
31.92
|
|
31.45
|
|
31.36
|
|
31.09
|
|
29.64
|
|
|
ASE Technology
Holding Co., Ltd.
|
|
Summary of ATM
Statement of Income Data
|
|
(In NT$
million)
|
|
(Unaudited)
|
|
|
For the three months
ended
|
|
For the year
ended
|
|
|
Dec. 31
2023
|
|
Sep. 30
2023
|
|
Dec. 31
2022
|
|
Dec. 31
2023
|
|
Dec. 31
2022
|
|
|
Net revenues
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
67,378
|
|
69,731
|
|
78,119
|
|
260,486
|
|
310,024
|
|
|
Testing
|
13,363
|
|
12,819
|
|
14,676
|
|
49,881
|
|
55,960
|
|
|
Direct
Material
|
1,205
|
|
1,098
|
|
1,486
|
|
4,574
|
|
6,018
|
|
|
Others
|
58
|
|
36
|
|
41
|
|
174
|
|
174
|
|
|
Total net
revenues
|
82,004
|
|
83,684
|
|
94,322
|
|
315,115
|
|
372,176
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(62,786)
|
|
(65,094)
|
|
(68,129)
|
|
(246,397)
|
|
(266,283)
|
|
|
Gross profit
|
19,218
|
|
18,590
|
|
26,193
|
|
68,718
|
|
105,893
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(5,425)
|
|
(5,344)
|
|
(5,263)
|
|
(19,786)
|
|
(18,754)
|
|
|
Selling, general and
administrative
|
(4,581)
|
|
(4,426)
|
|
(5,152)
|
|
(17,086)
|
|
(20,692)
|
|
|
Total operating
expenses
|
(10,006)
|
|
(9,770)
|
|
(10,415)
|
|
(36,872)
|
|
(39,446)
|
|
|
Operating
income
|
9,212
|
|
8,820
|
|
15,778
|
|
31,846
|
|
66,447
|
|
|
ASE Technology
Holding Co., Ltd.
|
|
Summary of EMS
Statement of Income Data
|
|
(In NT$
million)
|
|
(Unaudited)
|
|
|
For the three months
ended
|
|
For the year
ended
|
|
|
Dec. 31
2023
|
|
Sep. 30
2023
|
|
Dec. 31
2022
|
|
Dec. 31
2023
|
|
Dec. 31
2022
|
|
|
Net revenues
|
|
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
79,182
|
|
70,970
|
|
83,933
|
|
268,309
|
|
301,982
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(72,496)
|
|
(64,500)
|
|
(76,130)
|
|
(244,947)
|
|
(272,951)
|
|
|
Gross profit
|
6,686
|
|
6,470
|
|
7,803
|
|
23,362
|
|
29,031
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,567)
|
|
(1,453)
|
|
(1,710)
|
|
(5,871)
|
|
(5,731)
|
|
|
Selling, general and
administrative
|
(2,320)
|
|
(2,250)
|
|
(2,134)
|
|
(8,511)
|
|
(9,344)
|
|
|
Total operating
expenses
|
(3,887)
|
|
(3,703)
|
|
(3,844)
|
|
(14,382)
|
|
(15,075)
|
|
|
Operating
income
|
2,799
|
|
2,767
|
|
3,959
|
|
8,980
|
|
13,956
|
|
|
ASE Technology
Holding Co., Ltd.
|
|
Summary of
Consolidated Balance Sheet Data
|
|
(In NT$
million)
|
|
(Unaudited)
|
|
|
|
|
As of Dec. 31,
2023
|
|
|
As of Sep. 30,
2023
|
|
Current
assets
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
67,284
|
|
|
62,812
|
|
Financial assets –
current
|
|
|
4,683
|
|
|
9,055
|
|
Trade
receivables
|
|
|
99,529
|
|
|
114,078
|
|
Inventories
|
|
|
63,275
|
|
|
76,953
|
|
Others
|
|
|
26,576
|
|
|
29,791
|
|
Total current
assets
|
|
|
261,347
|
|
|
292,689
|
|
|
|
|
|
|
|
|
Financial assets –
non-current & Investments – equity method
|
|
|
29,698
|
|
|
28,402
|
|
Property, plant and
equipment
|
|
|
264,812
|
|
|
267,316
|
|
Right-of-use
assets
|
|
|
11,442
|
|
|
10,758
|
|
Intangible
assets
|
|
|
69,569
|
|
|
70,538
|
|
Others
|
|
|
29,707
|
|
|
31,381
|
|
Total assets
|
|
|
666,575
|
|
|
701,084
|
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
|
Short-term
borrowings[2]
|
|
|
53,042
|
|
|
69,639
|
|
Current portion of
bonds payable &
Current portion of long-term
borrowings
|
|
|
28,616
|
|
|
24,219
|
|
Trade
payables
|
|
|
70,329
|
|
|
79,053
|
|
Others
|
|
|
70,361
|
|
|
68,600
|
|
Total current
liabilities
|
|
|
222,348
|
|
|
241,511
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
20,489
|
|
|
23,589
|
|
Long-term
borrowings[3]
|
|
|
81,365
|
|
|
94,322
|
|
Other
liabilities
|
|
|
24,263
|
|
|
26,026
|
|
Total
liabilities
|
|
|
348,465
|
|
|
385,448
|
|
|
|
|
|
|
|
|
Equity attributable
to shareholders of the
parent
|
|
|
297,826
|
|
|
295,611
|
|
Non-controlling
interests
|
|
|
20,284
|
|
|
20,025
|
|
Total liabilities &
shareholders' equity
|
|
|
666,575
|
|
|
701,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
ratio
|
|
|
1.18
|
|
|
1.21
|
|
Net debt to equity
ratio
|
|
|
0.38
|
|
|
0.47
|
|
ASE Technology
Holding Co., Ltd.
|
|
Summary of
Consolidated Statement of Cash Flow Data
|
|
(In NT$
million)
|
|
(Unaudited)
|
|
|
|
For the
three months ended
|
|
For the year
ended
|
|
|
|
Dec. 31
|
|
Sep. 30
|
|
Dec. 31
|
|
Dec. 31
|
|
Dec. 31
|
|
|
2023
|
2023
|
2022
|
2023
|
2022
|
|
Cash Flows from
Operating Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before income
tax
|
|
12,367
|
|
12,252
|
|
20,212
|
|
42,600
|
|
81,626
|
|
|
Depreciation &
amortization
|
|
14,607
|
|
14,568
|
|
14,253
|
|
58,102
|
|
55,452
|
|
|
Other operating
activities items
|
|
19,862
|
|
(5,940)
|
|
15,711
|
|
13,728
|
|
(26,077)
|
|
|
Net cash generated from
operating activities
|
|
46,836
|
|
20,880
|
|
50,176
|
|
114,430
|
|
111,001
|
|
|
Cash Flows from
Investing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property, plant
and
equipment
|
|
(11,859)
|
|
(14,471)
|
|
(20,197)
|
|
(53,683)
|
|
(71,890)
|
|
|
Other investment
activities items
|
|
582
|
|
(151)
|
|
(1,352)
|
|
(1,439)
|
|
(2,062)
|
|
|
Net cash used in
investing activities
|
|
(11,277)
|
|
(14,622)
|
|
(21,549)
|
|
(55,122)
|
|
(73,952)
|
|
|
Cash Flows from
Financing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from (repayment of) borrowings and bonds
|
|
(24,441)
|
|
28,640
|
|
(18,010)
|
|
(10,817)
|
|
(31,190)
|
|
|
Dividends
paid
|
|
-
|
|
(37,841)
|
|
-
|
|
(37,841)
|
|
(29,991)
|
|
|
Other financing
activities items
|
|
534
|
|
(38)
|
|
111
|
|
(443)
|
|
(1,278)
|
|
|
Net cash used in
financing activities
|
|
(23,907)
|
|
(9,239)
|
|
(17,899)
|
|
(49,101)
|
|
(62,459)
|
|
|
Foreign currency
exchange effect
|
|
(7,441)
|
|
6,443
|
|
(5,046)
|
|
(963)
|
|
7,377
|
|
|
Net increase (decrease)
in cash
and cash
equivalents
|
|
4,211
|
|
3,462
|
|
5,682
|
|
9,244
|
|
(18,033)
|
|
|
Cash and cash
equivalents at the beginning of period
|
|
62,812
|
|
59,351
|
|
52,358
|
|
58,040
|
|
76,073
|
|
|
Cash and cash
equivalents at the
end of
period
|
|
67,023
|
|
62,813
|
|
58,040
|
|
67,284
|
|
58,040
|
|
|
Cash and cash
equivalents in the consolidated
balance sheet
|
|
67,284
|
|
62,812
|
|
58,040
|
|
67,284
|
|
58,040
|
|
|
Cash and cash
equivalents included in disposal groups held for sale
|
|
(261)
|
|
1
|
|
-
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[1] All financial
information presented in this press release is unaudited,
consolidated and prepared in accordance
with Taiwan-IFRS (International Financial Reporting
Standards as endorsed for use in the R.O.C.). Such financial
information is generated internally by us and has not been
subjected to the same review and scrutiny, including internal
auditing procedures and audit by our independent auditors, to which
we subject our year-end audited consolidated financial statements,
and may vary materially from the year-end audited consolidated
financial information for the same period. Any evaluation of
the financial information presented in this press release should
also take into account our published year-end audited consolidated
financial statements and the notes to those statements. In
addition, the financial information presented is not necessarily
indicative of our results of operations for any future
period.
|
|
[2] Short-term
borrowings include short-term loans and bills payable.
|
|
[3] Long-term
borrowings include long-term loans and bills payable.
|
Investor Relations Contact
ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.com
View original
content:https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-financial-results-for-the-fourth-quarter-and-the-full-year-of-2023-302050129.html
SOURCE ASE Technology Holding Co., Ltd.