Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
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.
|
ASE TECHNOLOGY HOLDING CO., LTD.
|
|
|
|
|
Date: October 28, 2021
|
By:
|
/s/ Joseph Tung
|
|
|
Name: Joseph Tung
|
|
|
Title: Chief Financial Officer
|
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 Third Quarter of 2021
Taipei,
Taiwan, R.O.C., October 28, 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$150,665 million
for 3Q21, up by 22% year-over-year and up by 19% sequentially. Net income attributable to shareholders of the parent for the quarter
totaled NT$14,176 million, up from a net income attributable to shareholders of the parent of NT$6,712 million in 3Q20 and up from a
net income attributable to shareholders of the parent of NT$10,338 million in 2Q21. Basic earnings per share for the quarter were NT$3.29
(or US$0.236 per ADS), compared to NT$1.57 for 3Q20 and NT$2.40 for 2Q21. Diluted earnings per share for the quarter were NT$3.20 (or
US$0.230 per ADS), compared to NT$1.54 for 3Q20 and NT$2.30 for 2Q21.
RESULTS OF OPERATIONS
3Q21
Results Highlights – Consolidated
|
l
|
Net
revenue contribution from packaging operations, testing operations, EMS operations and others, each represented approximately 49%, 9%,
41% and 1%, respectively, of total net revenues for the quarter.
|
|
l
|
Cost
of revenue was NT$119,881 million for the quarter, up from NT$102,122 million in 2Q21.
|
|
-
|
Raw material cost totaled NT$73,552
million for the quarter, representing 49% of total net revenues.
|
|
-
|
Labor cost totaled NT$16,955
million for the quarter, representing 11% of total net revenues.
|
|
-
|
Depreciation, amortization and
rental expenses totaled NT$12,710 million for the quarter.
|
|
l
|
Gross margin increased 0.9 percentage points to
20.4% in 3Q21 from 19.5% in 2Q21.
|
|
l
|
Operating margin was 12.2% in 3Q21, compared to
10.4% in 2Q21.
|
|
l
|
In terms of non-operating items:
|
|
-
|
Net interest expense was NT$562
million.
|
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.
|
-
|
Net foreign exchange gain of
NT$66 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$349 million.
|
|
-
|
Net gain on equity-method investments was NT$414 million.
|
|
-
|
Other net non-operating income of NT$479 million was primarily
attributable to miscellaneous income. Total non-operating income for the quarter was NT$48 million.
|
|
l
|
Income before tax was NT$18,474 million for 3Q21,
compared to NT$13,344 million in 2Q21. We recorded income tax expenses of NT$3,630 million for the quarter, compared to NT$2,648 million
in 2Q21.
|
|
l
|
In
3Q21, net income attributable to shareholders of the parent was NT$14,176 million, compared to NT$6,712 million in 3Q20 and NT$10,338
million in 2Q21.
|
|
l
|
Our
total number of shares outstanding at the end of the quarter was 4,388,414,582, including treasury stock owned by our subsidiaries. Our
3Q21 basic earnings per share of NT$3.29 (or US$0.236 per ADS) were based on 4,314,088,250 weighted average numbers of shares outstanding
in 3Q21. Our 3Q21 diluted earnings per share of NT$3.20 (or US$0.230 per ADS) were based on 4,370,715,418 weighted average number of shares
outstanding in 3Q21.
|
3Q21
Results Highlights – ATM2
|
l
|
Cost
of revenues was NT$65,378 million for the quarter, up by 11% sequentially.
|
|
-
|
Raw material cost totaled NT$24,441
million for the quarter, representing 27% of total net revenues.
|
|
-
|
Labor cost totaled NT$14,512
million for the quarter, representing 16% of total net revenues.
|
|
-
|
Depreciation, amortization and
rental expenses totaled NT$11,615 million for the quarter.
|
|
l
|
Gross
margin increased 1.8 percentage points to 27.4% in 3Q21 from 25.6% in 2Q21.
|
|
l
|
Operating
margin was 17.3% in 3Q21, compared to 15.0% in 2Q21.
|
3Q21
Results Highlights – EMS
|
l
|
Cost
of revenues for the quarter was NT$55,244 million, up by 24% sequentially.
|
|
-
|
Raw material cost totaled NT$48,978
million for the quarter, representing 80% of total net revenues.
|
|
-
|
Labor cost totaled NT$2,337 million
for the quarter, representing 4% of total net revenues.
|
|
-
|
Depreciation, amortization and
rental expenses totaled NT$886 million for the quarter.
|
|
l
|
Gross margin increased 0.5 percentage points to
9.6% in 3Q21 from 9.1% in 2Q21.
|
|
l
|
Operating margin was 4.3% in 3Q21, compared to
2.6% in 2Q21.
|
2 ATM
stands for Semiconductor Assembly, Testing and Material.
LIQUIdiTY AND CAPITAL
RESOURCES
|
l
|
Capital
expenditures in 3Q21 totaled US$468 million, of which US$294 million were used in packaging operations, US$101 million in testing operations,
US$60 million in EMS operations and US$13 million in interconnect materials operations and others.
|
|
l
|
As
of September 30, 2021, total unused credit lines amounted to NT$261,539 million.
|
|
l
|
Current
ratio was 1.35 and net debt to equity ratio was 0.71 as of September 30, 2021.
|
|
l
|
Total
number of employees was 104,471 as of September 30, 2021, compared to 103,164 as of June 30, 2021.
|
Business Review
Customers
ATM consolidated
Basis
|
l
|
Our
five largest customers together accounted for approximately 44% of our total net revenues in 3Q21, compared to 43% in 2Q21. Two customers
each accounted for more than 10% of our total net revenues in 3Q21 individually.
|
|
l
|
Our
top 10 customers contributed 55% of our total net revenues both in 3Q21 and 2Q21.
|
|
l
|
Our
customers that are integrated device manufacturers or IDMs accounted for 31% of our total net revenues both in 3Q21 and 2Q21.
|
EMS Basis
|
l
|
Our
five largest customers together accounted for approximately 74% of our total net revenues in 3Q21, compared to 70% in 2Q21. One customer
accounted for more than 10% of our total net revenues in 3Q21.
|
|
l
|
Our
top 10 customers contributed 81% of our total net revenues in 3Q21, compared to 78% in 2Q21.
|
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 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 presentation. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,”
“plan” and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this presentation.
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 2020 Annual Report on Form 20-F filed on April 6, 2021.
Supplemental
Financial Information
Consolidated
Operations
|
3Q/21
|
2Q/21
|
3Q/20
|
EBITDA (NT$ Millions)
|
32,655
|
27,350
|
23,230
|
ATM
Consolidated Operations
|
3Q/21
|
2Q/21
|
3Q/20
|
Net Revenues (NT$ Millions)
|
90,092
|
78,988
|
71,820
|
Revenues by Application
|
|
|
|
Communication
|
51%
|
50%
|
53%
|
Computing
|
15%
|
14%
|
14%
|
Automotive, Consumer & Others
|
34%
|
36%
|
33%
|
Revenues by Type
|
|
|
|
Bumping, Flip Chip, WLP & SiP
|
36%
|
33%
|
37%
|
Wirebonding
|
39%
|
42%
|
37%
|
Discrete and Others
|
8%
|
8%
|
8%
|
Testing
|
15%
|
15%
|
17%
|
Material
|
2%
|
2%
|
1%
|
Capacity & EBITDA
|
|
|
|
CapEx (US$ Millions)*
|
407
|
570
|
362
|
EBITDA (NT$ Millions)
|
28,588
|
24,671
|
19,775
|
Number of Wirebonders
|
29,943
|
29,056
|
25,117
|
Number of Testers
|
6,149
|
6,001
|
5,715
|
EMS
Operations
|
3Q/21
|
2Q/21
|
3Q/20
|
Net Revenues (NT$ Millions)
|
61,127
|
49,154
|
53,137
|
Revenues by End Application
|
|
|
|
Communication
|
38%
|
39%
|
40%
|
Computing & Storage
|
10%
|
10%
|
6%
|
Consumer
|
33%
|
28%
|
40%
|
Industrial
|
12%
|
16%
|
9%
|
Automotive
|
5%
|
5%
|
4%
|
Others
|
2%
|
2%
|
1%
|
Capacity
|
|
|
|
CapEx (US$ Millions)*
|
60
|
39
|
52
|
* 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 nine months ended
|
|
|
Sep. 30
2021
|
|
Jun. 30
2021
|
|
Sep. 30
2020
|
|
Sep. 30
2021
|
|
Sep. 30
2020
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
73,996
|
|
|
|
64,149
|
|
|
|
56,172
|
|
|
|
197,178
|
|
|
|
161,407
|
|
Testing
|
|
|
13,416
|
|
|
|
11,676
|
|
|
|
12,351
|
|
|
|
36,222
|
|
|
|
36,604
|
|
EMS
|
|
|
61,116
|
|
|
|
49,147
|
|
|
|
53,126
|
|
|
|
157,947
|
|
|
|
125,550
|
|
Others
|
|
|
2,137
|
|
|
|
1,954
|
|
|
|
1,546
|
|
|
|
5,714
|
|
|
|
4,540
|
|
Total net revenues
|
|
|
150,665
|
|
|
|
126,926
|
|
|
|
123,195
|
|
|
|
397,061
|
|
|
|
328,101
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(119,881
|
)
|
|
|
(102,122
|
)
|
|
|
(103,475
|
)
|
|
|
(319,586
|
)
|
|
|
(273,416
|
)
|
Gross profit
|
|
|
30,784
|
|
|
|
24,804
|
|
|
|
19,720
|
|
|
|
77,475
|
|
|
|
54,685
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(5,495
|
)
|
|
|
(5,076
|
)
|
|
|
(4,926
|
)
|
|
|
(15,340
|
)
|
|
|
(14,372
|
)
|
Selling, general and administrative
|
|
|
(6,863
|
)
|
|
|
(6,554
|
)
|
|
|
(5,653
|
)
|
|
|
(19,626
|
)
|
|
|
(16,682
|
)
|
Total operating expenses
|
|
|
(12,358
|
)
|
|
|
(11,630
|
)
|
|
|
(10,579
|
)
|
|
|
(34,966
|
)
|
|
|
(31,054
|
)
|
Operating income
|
|
|
18,426
|
|
|
|
13,174
|
|
|
|
9,141
|
|
|
|
42,509
|
|
|
|
23,631
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating (expenses) income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - net
|
|
|
(562
|
)
|
|
|
(569
|
)
|
|
|
(660
|
)
|
|
|
(1,703
|
)
|
|
|
(2,324
|
)
|
Foreign exchange gain (loss)
|
|
|
66
|
|
|
|
1,057
|
|
|
|
561
|
|
|
|
899
|
|
|
|
955
|
|
Gain (loss) on valuation of financial assets and liabilities
|
|
|
(349
|
)
|
|
|
(1,050
|
)
|
|
|
(406
|
)
|
|
|
(1,008
|
)
|
|
|
(237
|
)
|
Gain (loss) on equity-method investments
|
|
|
414
|
|
|
|
219
|
|
|
|
277
|
|
|
|
782
|
|
|
|
343
|
|
Others
|
|
|
479
|
|
|
|
513
|
|
|
|
101
|
|
|
|
1,520
|
|
|
|
762
|
|
Total non-operating income (expenses)
|
|
|
48
|
|
|
|
170
|
|
|
|
(127
|
)
|
|
|
490
|
|
|
|
(501
|
)
|
Income before tax
|
|
|
18,474
|
|
|
|
13,344
|
|
|
|
9,014
|
|
|
|
42,999
|
|
|
|
23,130
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
(3,630
|
)
|
|
|
(2,648
|
)
|
|
|
(1,797
|
)
|
|
|
(8,729
|
)
|
|
|
(4,618
|
)
|
Income from continuing operations and
before non-controlling interest
|
|
|
14,844
|
|
|
|
10,696
|
|
|
|
7,217
|
|
|
|
34,270
|
|
|
|
18,512
|
|
Non-controlling interest
|
|
|
(668
|
)
|
|
|
(358
|
)
|
|
|
(505
|
)
|
|
|
(1,278
|
)
|
|
|
(964
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to
shareholders of the parent
|
|
|
14,176
|
|
|
|
10,338
|
|
|
|
6,712
|
|
|
|
32,992
|
|
|
|
17,548
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share data:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
NT$3.29
|
|
|
|
NT$2.40
|
|
|
|
NT$1.57
|
|
|
|
NT$7.66
|
|
|
|
NT$4.12
|
|
– Diluted
|
|
|
NT$3.20
|
|
|
|
NT$2.30
|
|
|
|
NT$1.54
|
|
|
|
NT$7.43
|
|
|
|
NT$4.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (losses) per equivalent ADS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
|
|
US$0.236
|
|
|
|
US$0.171
|
|
|
|
US$0.107
|
|
|
|
US$0.546
|
|
|
|
US$0.276
|
|
– Diluted
|
|
|
US$0.230
|
|
|
|
US$0.164
|
|
|
|
US$0.105
|
|
|
|
US$0.530
|
|
|
|
US$0.269
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted average shares used in
diluted EPS calculation (in thousands)
|
|
|
4,370,715
|
|
|
|
4,362,634
|
|
|
|
4,281,115
|
|
|
|
4,370,312
|
|
|
|
4,284,010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FX (NTD/USD)
|
|
|
27.79
|
|
|
|
28.03
|
|
|
|
29.46
|
|
|
|
28.04
|
|
|
|
29.80
|
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Statement of Comprehensive
Income Data – ATM
(In NT$ millions, except per share data)
(Unaudited)
|
|
For the three months ended
|
|
For the nine months ended
|
|
|
Sep. 30
2021
|
|
Jun. 30
2021
|
|
Sep. 30
2020
|
|
Sep. 30
2021
|
|
Sep. 30
2020
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
|
|
75,221
|
|
|
|
65,936
|
|
|
|
58,417
|
|
|
|
202,702
|
|
|
|
167,749
|
|
Testing
|
|
|
13,416
|
|
|
|
11,677
|
|
|
|
12,351
|
|
|
|
36,224
|
|
|
|
36,610
|
|
Direct Material
|
|
|
1,429
|
|
|
|
1,372
|
|
|
|
1,020
|
|
|
|
3,845
|
|
|
|
3,085
|
|
Others
|
|
|
26
|
|
|
|
3
|
|
|
|
32
|
|
|
|
76
|
|
|
|
101
|
|
Total net revenues
|
|
|
90,092
|
|
|
|
78,988
|
|
|
|
71,820
|
|
|
|
242,847
|
|
|
|
207,545
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(65,378
|
)
|
|
|
(58,778
|
)
|
|
|
(57,280
|
)
|
|
|
(179,916
|
)
|
|
|
(164,589
|
)
|
Gross profit
|
|
|
24,714
|
|
|
|
20,210
|
|
|
|
14,540
|
|
|
|
62,931
|
|
|
|
42,956
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(4,254
|
)
|
|
|
(3,829
|
)
|
|
|
(3,827
|
)
|
|
|
(11,780
|
)
|
|
|
(11,252
|
)
|
Selling, general and administrative
|
|
|
(4,829
|
)
|
|
|
(4,554
|
)
|
|
|
(3,904
|
)
|
|
|
(13,775
|
)
|
|
|
(12,099
|
)
|
Total operating expenses
|
|
|
(9,083
|
)
|
|
|
(8,383
|
)
|
|
|
(7,731
|
)
|
|
|
(25,555
|
)
|
|
|
(23,351
|
)
|
Operating income
|
|
|
15,631
|
|
|
|
11,827
|
|
|
|
6,809
|
|
|
|
37,376
|
|
|
|
19,605
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 nine months ended
|
|
|
Sep. 30
2021
|
|
Jun. 30
2021
|
|
Sep. 30
2020
|
|
Sep. 30
2021
|
|
Sep. 30
2020
|
Net revenues:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net revenues
|
|
|
61,127
|
|
|
|
49,154
|
|
|
|
53,137
|
|
|
|
157,974
|
|
|
|
125,573
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of revenues
|
|
|
(55,244
|
)
|
|
|
(44,678
|
)
|
|
|
(47,990
|
)
|
|
|
(143,604
|
)
|
|
|
(113,648
|
)
|
Gross profit
|
|
|
5,883
|
|
|
|
4,476
|
|
|
|
5,147
|
|
|
|
14,370
|
|
|
|
11,925
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
(1,270
|
)
|
|
|
(1,274
|
)
|
|
|
(1,126
|
)
|
|
|
(3,641
|
)
|
|
|
(3,194
|
)
|
Selling, general and administrative
|
|
|
(1,955
|
)
|
|
|
(1,929
|
)
|
|
|
(1,695
|
)
|
|
|
(5,622
|
)
|
|
|
(4,392
|
)
|
Total operating expenses
|
|
|
(3,225
|
)
|
|
|
(3,203
|
)
|
|
|
(2,821
|
)
|
|
|
(9,263
|
)
|
|
|
(7,586
|
)
|
Operating income
|
|
|
2,658
|
|
|
|
1,273
|
|
|
|
2,326
|
|
|
|
5,107
|
|
|
|
4,339
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet Data
(In NT$ millions)
(Unaudited)
|
|
As of Sep. 30, 2021
|
|
As of Jun. 30, 2021
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
53,419
|
|
|
|
52,987
|
|
Financial assets – current
|
|
|
4,133
|
|
|
|
4,492
|
|
Notes and accounts receivable
|
|
|
108,156
|
|
|
|
88,644
|
|
Inventories
|
|
|
77,830
|
|
|
|
75,869
|
|
Others
|
|
|
16,695
|
|
|
|
15,369
|
|
Total current assets
|
|
|
260,233
|
|
|
|
237,361
|
|
|
|
|
|
|
|
|
|
|
Financial assets – non-current & Investments – equity method
|
|
|
20,915
|
|
|
|
19,982
|
|
Property plant and equipment
|
|
|
252,384
|
|
|
|
244,861
|
|
Right-of-use assets
|
|
|
10,321
|
|
|
|
9,842
|
|
Intangible assets
|
|
|
77,283
|
|
|
|
78,254
|
|
Others
|
|
|
29,331
|
|
|
|
21,557
|
|
Total assets
|
|
|
650,467
|
|
|
|
611,857
|
|
|
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
|
Short-term borrowings
|
|
|
36,610
|
|
|
|
40,460
|
|
Current portion of bonds payable & Current portion of long-term borrowings
|
|
|
6,539
|
|
|
|
8,563
|
|
Notes and accounts payable
|
|
|
83,060
|
|
|
|
70,893
|
|
Others
|
|
|
66,417
|
|
|
|
62,778
|
|
Total current liabilities
|
|
|
192,626
|
|
|
|
182,694
|
|
|
|
|
|
|
|
|
|
|
Bonds payable
|
|
|
48,498
|
|
|
|
48,474
|
|
Long-term borrowings3
|
|
|
137,015
|
|
|
|
106,124
|
|
Other liabilities
|
|
|
21,489
|
|
|
|
20,060
|
|
Total liabilities
|
|
|
399,628
|
|
|
|
357,352
|
|
|
|
|
|
|
|
|
|
|
Equity attributable to shareholders of the parent
|
|
|
235,186
|
|
|
|
238,993
|
|
Non-controlling interests
|
|
|
15,653
|
|
|
|
15,512
|
|
Total liabilities & shareholders’ equity
|
|
|
650,467
|
|
|
|
611,857
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Ratio
|
|
|
1.35
|
|
|
|
1.30
|
|
Net Debt to Equity Ratio
|
|
|
0.71
|
|
|
|
0.60
|
|
3 Long-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 nine months ended
|
|
|
Sep. 30
|
|
Jun. 30
|
|
Sep. 30
|
|
Sep. 30
|
|
Sep. 30
|
|
|
2021
|
|
2021
|
|
2020
|
|
2021
|
|
2020
|
Cash Flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before income tax
|
|
|
18,474
|
|
|
|
13,344
|
|
|
|
9,014
|
|
|
|
42,999
|
|
|
|
23,130
|
|
Depreciation & amortization
|
|
|
13,864
|
|
|
|
13,460
|
|
|
|
13,022
|
|
|
|
40,454
|
|
|
|
38,495
|
|
Other operating activities items
|
|
|
(17,298
|
)
|
|
|
(8,573
|
)
|
|
|
(8,550
|
)
|
|
|
(34,430
|
)
|
|
|
(14,686
|
)
|
Net cash generated from operating activities
|
|
|
15,040
|
|
|
|
18,231
|
|
|
|
13,486
|
|
|
|
49,023
|
|
|
|
46,939
|
|
Cash Flows from Investing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for property, plant and equipment
|
|
|
(20,294
|
)
|
|
|
(18,440
|
)
|
|
|
(12,297
|
)
|
|
|
(52,787
|
)
|
|
|
(42,489
|
)
|
Other investment activities items
|
|
|
(348
|
)
|
|
|
(1,259
|
)
|
|
|
(156
|
)
|
|
|
(1,812
|
)
|
|
|
1,540
|
|
Net cash used in investing activities
|
|
|
(20,642
|
)
|
|
|
(19,699
|
)
|
|
|
(12,453
|
)
|
|
|
(54,599
|
)
|
|
|
(40,949
|
)
|
Cash Flows from Financing Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds from (repayment of) borrowings
|
|
|
25,319
|
|
|
|
(16,640
|
)
|
|
|
12,412
|
|
|
|
28,279
|
|
|
|
7,401
|
|
Dividends paid
|
|
|
(18,083
|
)
|
|
|
—
|
|
|
|
(8,521
|
)
|
|
|
(18,083
|
)
|
|
|
(8,521
|
)
|
Other financing activities items
|
|
|
(854
|
)
|
|
|
(1,022
|
)
|
|
|
(5,917
|
)
|
|
|
(263
|
)
|
|
|
(6,178
|
)
|
Net cash generated from (used in) financing activities
|
|
|
6,382
|
|
|
|
(17,662
|
)
|
|
|
(2,026
|
)
|
|
|
9,933
|
|
|
|
(7,298
|
)
|
Foreign currency exchange effect
|
|
|
(348
|
)
|
|
|
(1,666
|
)
|
|
|
243
|
|
|
|
(2,476
|
)
|
|
|
(1,350
|
)
|
Net increase (decrease) in cash and cash equivalents
|
|
|
432
|
|
|
|
(20,796
|
)
|
|
|
(750
|
)
|
|
|
1,881
|
|
|
|
(2,658
|
)
|
Cash and cash equivalents at the beginning of period
|
|
|
52,987
|
|
|
|
73,783
|
|
|
|
58,223
|
|
|
|
51,538
|
|
|
|
60,131
|
|
Cash and cash equivalents at the end of period
|
|
|
53,419
|
|
|
|
52,987
|
|
|
|
57,473
|
|
|
|
53,419
|
|
|
|
57,473
|
|
Cash and cash equivalents in the consolidated balance sheet
|
|
|
53,419
|
|
|
|
52,987
|
|
|
|
55,814
|
|
|
|
53,419
|
|
|
|
55,814
|
|
Cash and cash equivalents included in disposal groups held for sale
|
|
|
—
|
|
|
|
—
|
|
|
|
1,659
|
|
|
|
—
|
|
|
|
1,659
|
|