Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year of 2012<2311.TW>

Wed Jan 30, 2013 1:18am EST

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TAIPEI, Taiwan, R.O.C.,  Jan. 30, 2013  /PRNewswire/ -- Advanced Semiconductor
Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("We", "ASE", or the "Company"), the
world's largest independent provider of packaging and testing services, today
reported unaudited net revenue[1] of  NT$56,008 million  for the fourth quarter
of 2012 (4Q12), up by 21% year-over-year and up by 14% sequentially.  Net income
for the quarter totaled  NT$4,387 million, up from a net income of  NT$2,639
million  in 4Q11 and up from a net income of  NT$3,446 million  in 3Q12. 
Diluted earnings per share for the quarter were  NT$0.58  (or  US$0.099  per
ADS), compared to diluted earnings per share of  NT$0.35  for 4Q11 and  NT$0.45 
for 3Q12.

For the full year of 2012, the Company reported net revenues of  NT$193,972
million  and net income of  NT$13,091 million.  Diluted earnings per share for
the full year of 2012 was  NT$1.71  or  US$0.289  per ADS.

"ASE's continued execution to expand operations and deliver growth led to 5%
year-on-year revenue improvement in 2012, again setting a new record for the
Company," stated ASE Group Chairman and CEO,  Jason Chang.  "Our steadfast
commitment to shareholders, customers, partners, and employees alike, provides
the strong foundation on which we build our business, particularly as we embrace
this era of mobile communications and optimize our business activities
accordingly."

Chang added, "The macroeconomic climate and the cyclic nature of our industry
will always impact our bottom line, however, our global strategy - expanding
regional capabilities, manufacturing capacity, and product portfolio, to
penetrate new markets and help drive our customers' businesses -is proving the
right long-term strategy for our ongoing success.  Clearly, semiconductor is at
the center of huge technology transitions worldwide, and ASE is evolving in
alignment with the opportunities such transitions present."

RESULTS OF OPERATIONS

4Q12 Results Highlights - Consolidated

* Net revenue contribution from packaging operations, testing operations, EMS
operations, substrates sold to third parties and others was  NT$27,697 million, 
NT$6,036 million,  NT$20,141 million,  NT$650 million  and  NT$1,484 million,
respectively, and each represented approximately 49%, 11%, 36%, 1% and 3%,
respectively, of total net revenues for the quarter.  
* Cost of revenue was  NT$45,034 million, up by 19% year-over-year and up from 
NT$39,387 million  in the previous quarter.

* Raw material cost totaled  NT$26,136 million  during the quarter, representing
47% of total net revenue, compared with  NT$21,532 million  and 44% of total net
revenue in the previous quarter.  
* Labor cost totaled  NT$6,677 million  during the quarter, representing 12% of
total net revenue, compared with  NT$6,428 million  and 13% of total net revenue
in the previous quarter.  
* Depreciation, amortization and rental expenses totaled  NT$5,817 million 
during the quarter, up by 6% year-over-year and up by 4% sequentially.

* Gross margin were 19.6% in 4Q12 and remained the same as 3Q12.  
* Total operating expenses during 4Q12 were  NT$5,031 million, including 
NT$2,138 million  in R&D and  NT$2,893 million  in SG&A, compared with total
operating expenses of  NT$4,806 million  in 3Q12.  Total operating expenses as a
percentage of net revenue for the current quarter were 9%, down from 11% in
4Q11, and down from 10% in 3Q12.  
* Operating income for the quarter totaled  NT$5,943 million, up from  NT$4,798
million  in the previous quarter.  Operating margin was 10.6% in 4Q12 compared
to 9.8% in 3Q12.  
* In terms of non-operating items:

* Net interest expense was  NT$491 million, up from  NT$409 million  in the
previous quarter.  
* Net foreign exchange gain of  NT$587 million  was primarily attributable to
the depreciation of the U.S. dollar against both New Taiwanese dollar and
Renminbi ("RMB").  
* Gain on equity-method investments of  NT$73 million  was primarily
attributable to our investment on Hung Ching Kwan Co., Ltd.  
* Loss on valuation of financial assets and liabilities was  NT$400 million.  
* Other net non-operating income of  NT$98 million  were primarily related to
miscellaneous income.  Total non-operating expenses for the quarter were  NT$133
million, compared to total non-operating expenses of  NT$549 million  for 4Q11
and total non-operating expenses of  NT$340 million  for 3Q12.

* Income before tax was  NT$5,810 million  for 4Q12, compared to  NT$4,458
million  in the previous quarter.  We recorded income tax expense of  NT$1,269
million  during the quarter, compared to  NT$865 million  in 3Q12.  
* In 4Q12, net income was  NT$4,387 million, compared to net income of  NT$2,639
million  for 4Q11 and net income of  NT$3,446 million  for 3Q12.  
* Our total number of shares outstanding at the end of the quarter was
7,602,292,066, including treasury stock owned by our subsidiaries.  Our 4Q12
diluted earnings per share of  NT$0.58  (or  US$0.099  per ADS) were based on
7,504,787,408 weighted average number of shares outstanding in 4Q12.

4Q12 Results Highlights - IC ATM[2]

* Net revenue from IC ATM was  NT$34,395 million  for the fourth quarter of
2012, up 8% year-over-year and up 1% sequentially.  Net revenue contribution
from packaging operations, testing operations, and substrates sold to third
parties was  NT$27,709 million,  NT$6,036 million, and  NT$650 million,
respectively, and each represented approximately 80%, 18%, and 2%, respectively,
of total net revenues for the quarter.  
* Cost of revenues was  NT$26,401 million, up by 5% year-over-year and up by 1%
sequentially.

* Raw material cost totaled  NT$9,880 million  during the quarter, representing
29% of total net revenue, compared with  NT$9,780 million  and 29% of total net
revenue in the previous quarter.  
* Labor cost totaled  NT$5,957 million  during the quarter, representing 17% of
total net revenue, compared with  NT$5,798 million  and 17% of total net revenue
in the previous quarter.  
* Depreciation, amortization and rental expenses totaled  NT$5,453 million 
during the quarter, up by 5% year-over-year and up by 4% sequentially.

* Gross margin increased 0.4 percentage points to 23.2% in 4Q12 from 22.8% in
3Q12.  
* Total operating expenses during 4Q12 were  NT$3,768 million, including 
NT$1,697 million  in R&D and  NT$2,071 million  in SG&A, compared with total
operating expenses of  NT$3,710 million  in 3Q12.  Total operating expenses as a
percentage of net revenue for the current quarter were 11%, and remained the
same as 4Q11 and 3Q12.  
* Operating income for the quarter totaled  NT$4,226 million, up from  NT$4,016
million  in the previous quarter.  Operating margin was 12.3% in 4Q12 compared
to 11.8% in 3Q12.

4Q12 Results Highlights - EMS

* Net revenue contribution from EMS operations was  NT$20,141 million, up by 39%
year-over-year and up by 33% sequentially.  
* Cost of revenues was  NT$17,963 million, up by 42% year-over-year and up by
37% sequentially.

* Raw material cost totaled  NT$16,268 million  during the quarter, representing
81% of total net revenue, compared with  NT$11,768 million  and 78% of total net
revenue in the previous quarter.  
* Labor cost totaled  NT$721 million  during the quarter, representing 4% of
total net revenue, compared with  NT$629 million  and 4% of total net revenue in
the previous quarter.  
* Depreciation, amortization and rental expenses totaled  NT$233 million  during
the quarter, up by 21% year-over-year and up by 10% sequentially.

* Gross margin decreased to 10.8% in 4Q12 from 13.3% in 3Q12.  
* Total operating expenses during 4Q12 were  NT$1,202 million, including  NT$446
million  in R&D and  NT$756 million  in SG&A, compared with total operating
expenses of  NT$1,079 million  in 3Q12.  Total operating expenses as a
percentage of net revenue for the current quarter were 6%, down from 9% in 4Q11
and down from 7% in 3Q12.  
* Operating income for the quarter totaled  NT$976 million, up from  NT$932
million  in the previous quarter.  Operating margin decreased to 4.8% in 4Q12
from 6.2% in 3Q12.

2012 Full-Year Results Highlights - Consolidated

* Net revenues for the full year of 2012 amounted to  NT$193,972 million, up by
5% from 2011. The revenue contribution from IC packaging operations, testing
operations, EMS operations, substrates sold to third parties and others was 
NT$104,563 million,  NT$22,657 million,  NT$62,483 million,  NT$2,735 million 
and  NT$1,534 million, respectively, and each represented approximately 54%,
12%, 32%, 1% and 1%, respectively, of total net revenues for the quarter.  
* Cost of revenue for the year of 2012 were  NT$157,348 million, compared with 
NT$150,338 million  in 2011.

* Raw material cost totaled  NT$87,800 million  during the year, representing
45% of total net revenue, compared with  NT$86,783 million  and 47% of total net
revenue in the 2011.  
* Labor cost totaled  NT$24,855 million  during the year, representing 13% of
total net revenue, compared with  NT$22,380 million  and 12% of total net
revenue in 2011.  
* Depreciation, amortization and rental expenses totaled  NT$22,076 million 
during the year, representing 11% of total net revenue, compared with  NT$21,536
million  and 12% of total net revenue in 2011.

* Gross margin were 18.9% in 2012, and remained the same in 2011.  
* Total operating expenses during 2012 were  NT$18,863 million, including 
NT$7,874 million  in R&D and  NT$10,989 million  in SG&A. Total operating
expenses as a percentage of net revenue were 10% in 2012, and remained the same
in 2011.  
* Operating income for the year was  NT$17,761 million, compared to operating
income of  NT$ 16,821 million  for the previous year.  Operating margin
increased to 9.2% in 2012 from 9.1% in 2011.  
* Total non-operating expenses for the year were  NT$1,170 million, compared to
total non-operating income of  NT$176 million  for 2011.  
* Income before tax was  NT$16,591 million  for 2012.  We recognized an income
tax expense of  NT$3,042 million  during the year.  
* In 2012, net income amounted to  NT$13,091 million, compared with a net income
of  NT$13,726 million  in 2011.  
* Our total number of shares outstanding at the end of the year was
7,602,292,066, including treasury stock owned by our subsidiaries.  Our 2012
diluted earnings per share of  NT$1.71  (or  US$0.0.289  per ADS) were based on
7,575,895,842 weighted average number of shares outstanding in 2012.

2012 Full-Year Results Highlights - IC ATM[3]

* Net revenue for the full year of 2012 amounted to  NT$130,008 million, up by
2% from 2011.  The revenue contribution from packaging operations, testing
operations, and substrates sold to third parties was  NT$104,616 million, 
NT$22,657 million, and  NT$2,735 million, respectively, and each represented
approximately 80%, 18%, and 2%, respectively, of total net revenues for the
year.  
* Cost of revenues for the full year of 2012 was  NT$101,344 million, compared
with  NT$98,885 million  in 2011.

* Raw material cost totaled  NT$38,614 million  during the year, representing
30% of total net revenue, compared with  NT$40,762 million  and 32% of total net
revenue in 2011.  
* Labor cost totaled  NT$22,314 million  during the year, representing 17% of
total net revenue, compared with  NT$20,023 million  and 16% of total net
revenue in 2011.  
* Depreciation, amortization and rental expenses totaled  NT$20,731 million 
during the year, representing 16% of total net revenue, compared with  NT$20,261
million  and 16% of total net revenue in 2011.

* Gross margin decreased to 22.0% in 2012 from 22.5% in 2011.  
* Total operating expenses during 2012 were  NT$14,301 million, including 
NT$6,165 million  in R&D and  NT$8,136 million  in SG&A.  Total operating
expenses as a percentage of net revenue was 11% in 2012, and remained the same
in 2011.  
* Operating income for the year was  NT$14,363 million, compared to operating
income of  NT$15,328 million  for the previous year.  Operating margin decreased
to 11.0% in 2012 from 12.0% in 2011.

2012 Full-Year Results Highlights - EMS

* Net revenue contribution from EMS operations for the full year of 2012
amounted to  NT$62,483 million, up by 8% from 2011.  
* Cost of revenues was  NT$54,950 million, up by 8% from 2011.

* Raw material cost totaled  NT$49,239 million  during the year, representing
79% of total net revenue, compared with  NT$46,149 million  and 80% of total net
revenue in 2011.  
* Labor cost totaled  NT$2,541 million  during the year, representing 4% of
total net revenue, compared with  NT$2,357 million  and 4% of total net revenue
in 2011.  
* Depreciation, amortization and rental expenses totaled  NT$826 million  during
the year, representing 1% of total net revenue, compared with  NT$765 million 
and 1% of total net revenue in 2011.

* Gross margin increased to 12.1% in 2012 from 11.6% in 2011.  
* Total operating expenses during 2012 were  NT$4,429 million, including 
NT$1,732 million  in R&D and  NT$2,697 million  in SG&A.  Total operating
expenses as a percentage of net revenue was 7% in 2012, down from 8% in 2011.  
* Operating income for the year was  NT$3,104 million, compared to operating
income of  NT$2,052 million  for the previous year.  Operating margin increased
to 5.0% in 2012 from 3.6% in 2011.

LIQUIDITY AND CAPITAL RESOURCES

* As of  December 31, 2012, our cash and current financial assets totaled 
NT$24,436 million, compared to  NT$23,564 million  as of  September 30, 2012.  
* Capital expenditures in 4Q12 totaled  US$200 million, of which  US$133 million
 was used for packaging,  US$44 million  for testing,  US$18 million  for EMS
and  US$5 million  for interconnect materials.  
* For the full year 2012, we spent  US$1,074 million  for capital expenditures,
including  US$752 million  for IC packaging,  US$235 million  for testing, 
US$67 million  for EMS and  US$20 million  for interconnect materials.  
* As of  December 31, 2012, we had total bank debt of  NT$84,691 million,
compared to  NT$84,431 million  as of  September 30, 2012.  Total bank debt
consisted of  NT$36,885 million  of revolving working capital loans,  NT$3,214
million  of the current portion of long-term debt, and  NT$44,592 million  of
long-term debt.  Total unused credit lines amounted to  NT$77,353 million.  
* Current ratio as of  December 31, 2012  was 1.16, compared to 1.14 as of 
September 30, 2012.  Net debt to equity ratio was 0.54 as of  December 31, 2012.
 
* Total number of employees was 57,259 as of  December 31, 2012, compared to
51,411 as of  December 31, 2011  and 56,061 as of  September 30, 2012.

Business Review

Packaging Operations[4]

* Net revenues generated from our packaging operations were  NT$27,709 million 
during the quarter, up by  NT$2,072 million, or by 8% year-over-year, and up by 
NT$528 million, or by 2% sequentially.  
* Net revenues from advanced packaging accounted for 26% of total packaging net
revenues during the quarter, up by 4 percentage points from the previous
quarter.  Net revenues from IC wirebonding accounted for 61% of total packaging
net revenues during the quarter, down by 7 percentage points from the previous
quarter.  Net revenues from discrete and other accounted for 13% of total
packaging net revenues during the quarter, up by 3 percentage points from the
previous quarter.  
* Gross margin for our packaging operations during the quarter was 19.6%, up by
0.9 percentage points year-over-year and down by 0.2 percentage points from the
previous quarter.  
* Capital expenditures for our packaging operations amounted to  US$133 million 
during the quarter, of which  US$70 million  was used for wirebonding packaging
capacity and  US$63 million  for wafer bumping and flip chip packaging
equipment.  
* As of  December 31, 2012, there were 15,549 wirebonders in operation.  241
wirebonders were added and 304 wirebonders were disposed of during the quarter.

Testing Operations

* Net revenues generated from our testing operations were  NT$6,036 million, up
by  NT$433 million, or by 8% year-over-year, and up by  NT$125 million, or by 2%
sequentially.  
* Final testing contributed 79% to total testing net revenues, down by 1
percentage point from the previous quarter.  Wafer sort contributed 19% to total
testing net revenues, up by 1 percentage point from the previous quarter. 
Engineering testing contributed 2% to total testing net revenues, which remained
the same as the previous quarter.  
* Depreciation, amortization and rental expense associated with our testing
operations amounted to  NT$1,630 million, down from  NT$1,644 million  in 4Q11
and up from  NT$1,605 million  in 3Q12.  
* In 4Q12, gross margin for our testing operations was 37.8%, up by 4.1
percentage points year-over-year and up by 4 percentage points from the previous
quarter.  
* Capital spending on our testing operations amounted to  US$44 million  during
the quarter.  
* As of  December 31, 2012, there were 2,905 testers in operation.  150 testers
were added and 54 testers were disposed of during the quarter.

EMS  Operations

* Net revenues generated from our EMS operations were  NT$20,141 million, up by 
NT$5,694 million, or by 39% year-over-year, and up by  NT$5,025 million, or by
33% sequentially.  
* Communications products contributed 44% to total EMS net revenues, up by 14
percentage points from the previous quarter.  Computing products contributed 26%
to total EMS net revenues, which remained the same as the previous quarter. 
Consumer products contributed 13% to total EMS net revenues, down by 3
percentage points from the previous quarter.  Industrial products contributed
11% to total EMS net revenues, down by 7 percentage points from the previous
quarter.  Car products contributed 5% to total EMS net revenues, down by 3
percentage points from the previous quarter.  
* In 4Q12, gross margin for our EMS operations was 10.8%, down by 1.5 percentage
points year-over-year and down by 2.5 percentage points from the previous
quarter.  
* Capital spending on our EMS operations amounted to  US$18 million  during the
quarter.

Substrate Operations

* PBGA substrate manufactured by ASE amounted to  NT$2,088 million  during the
quarter, up by  NT$276 million, or by 15% year-over-year, and down by  NT$99
million, or by 5% from the previous quarter.  Of the total output of  NT$2,088
million,  NT$650 million  was from sales to external customers.  
* Gross margin for substrate operations was 15.3% during the quarter, up by 7
percentage points year-over-year and down by 1.4 percentage points from the
previous quarter.  
* In 4Q12, our internal substrate manufacturing operations supplied 29% (by
value) of our total substrate requirements.

Customers

IC ATM consolidated Basis

* Our five largest customers together accounted for approximately 37% of our
total net revenues in 4Q12, compared to 33% in 3Q12 and 37% in 4Q11.  There was
one customer which accounted for more than 10% of our total net revenues.  
* Our top 10 customers contributed 52% of our total net revenues during the
quarter, compared to 48% in 3Q12 and 51% in 4Q11.  
* Our customers that are integrated device manufacturers, or IDMs, accounted for
34% of our total net revenues during the quarter, compared to 34% in 3Q12 and
31% in 4Q11.

EMS  Basis

* Our five largest customers together accounted for approximately 71% of our
total net revenues in 4Q12, compared to 61% in 3Q12 and 57% in 4Q11.  There were
two customers which accounted for more than 10% of our total net revenues.  
* Our top 10 customers contributed 84% of our total net revenues during the
quarter, compared to 79% in 3Q12 and 80% in 4Q11.

[1] All financial information presented in this press release is unaudited,
consolidated and prepared in accordance with accounting principles generally
accepted in the  Republic of China, or ROC GAAP.  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] ATM stands for Semiconductor Assembly, Testing and Material.

[4] IC packaging services include module assembly services.

About ASE, Inc.

ASE,  Inc. is the world's largest independent provider of packaging services and
testing services, including front-end engineering testing, wafer probing and
final testing services.   With advancedtechnological capabilities and a global
presence spanning  Taiwan,  China, Korea,  Japan,  Singapore,  Malaysia  and 
the United States, ASE,  Inc. has established a reputation for reliable, high
quality products and services. For more information, visit  our  website 
athttp://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, including
statements regarding our future results of operations and business prospects. 
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.  Our actual
results of operations, financial condition or business prospects may differ
materially from those expressed or implied in these forward-looking statements
for a variety of reasons, including risks associated with cyclicality and market
conditions in the semiconductor industry; demand for the outsourced
semiconductor packaging and testing services we offer and for such outsourced
services generally; the highly competitive semiconductor industry; our ability
to introduce new packaging, interconnect materials and testing technologies in
order to remain competitive; our ability to successfully integrate pending and
future mergers and acquisitions; international business activities; our business
strategy; general economic and political conditions, including the recent global
financial crisis; possible disruptions in commercial activities caused by
natural or human-induced disasters; our future expansion plans and capital
expenditures; the strained relationship between the  Republic of China  and  the
People's Republic of China; 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 our 2011 Annual Report on Form 20-F filed on  April 20,
2012.

Supplemental Financial Information

 IC ATM Consolidated Operations                          
 Amounts in NT$ Millions      4Q/12   3Q/12   4Q/11   
 Net Revenues                 34,395  33,891  31,908  
 Revenues by End Application                          
 Communications               55%     50%     56%     
 Computers                    12%     12%     12%     
 Automotive and Consumer      33%     37%     32%     
 Others                       0%      1%      0%      
 Revenues by Region                                   
 North America                58%     55%     58%     
 Europe                       11%     12%     12%     
 Taiwan                       18%     21%     20%     
 Japan                        7%      6%      5%      
 Other Asia                   6%      6%      5%      


 Packaging Operations                                   
 Amounts in NT$ Millions     4Q/12   3Q/12   4Q/11   
 Net Revenues                27,709  27,181  25,637  
 Revenues by Packaging Type                          
 Advanced Packaging          26%     22%     24%     
 IC Wirebonding              61%     68%     63%     
 Discrete and Other          13%     10%     13%     
 Capacity                                            
 CapEx (US$ Millions)*       133     229     81      
 Number of Wirebonders       15,549  15,612  13,846  


 Testing Operations                                
 Amounts in NT$ Millions   4Q/12  3Q/12  4Q/11  
 Net Revenues              6,036  5,911  5,603  
 Revenues by Testing Type                       
 Final test                79%    80%    84%    
 Wafer sort                19%    18%    14%    
 Engineering test          2%     2%     2%     
 Capacity                                       
 CapEx (US$ Millions)*     44     92     48     
 Number of Testers         2,905  2,809  2,585  


 EMS Operations                                          
 Amounts in NT$ Millions      4Q/12   3Q/12   4Q/11   
 Net Revenues                 20,141  15,116  14,447  
 Revenues by End Application                          
 Communications               44%     30%     37%     
 Computing                    26%     26%     24%     
 Consumer                     13%     16%     15%     
 Industrial                   11%     18%     15%     
 Car                          5%      8%      9%      
 Others                       1%      2%      0%      
 Capacity                                             
 CapEx (US$ Millions)*        18      14      8       
 *  Capital expenditure amounts exclude building construction costs. 


 Advanced Semiconductor Engineering, Inc.                                                                                                                                              
 Summary of Consolidated Income Statements Data                                                                                                                                        
 (In NT$ millions, except per share data)                                                                                                                                              
 (Unaudited)                                                                                                                                                                           
                                                                                    For the three months ended                             For the period ended                     
                                                                                    Dec. 31            Sep. 30            Dec. 31      Dec. 31            Dec. 31            
                                                                                    
2012              
2012              
2011        
2012              
2011              
 Net revenues:                                                                                                                                                               
 Packaging                                                                          27,697             27,165             25,623       104,563            102,882            
 Testing                                                                            6,036              5,911              5,603        22,657             21,932             
 Direct Material                                                                    650                799                668          2,735              2,678              
 EMS                                                                                20,141             15,116             14,447       62,483             57,645             
 Others                                                                             1,484              0                  49           1,534              210                
 Total net revenues                                                                 56,008             48,991             46,390       193,972            185,347            
                                                                                                                                                                             
 Cost of revenues                                                                   (45,034)           (39,387)           (37,915)     (157,348)          (150,338)          
 Gross profit                                                                       10,974             9,604              8,475        36,624             35,009             
                                                                                                                                                                             
 Operating expenses:                                                                                                                                                         
 Research and development                                                           (2,138)            (2,030)            (1,954)      (7,874)            (7,118)            
 Selling, general and administrative                                                (2,893)            (2,776)            (3,020)      (10,989)           (11,070)           
 Total operating expenses                                                           (5,031)            (4,806)            (4,974)      (18,863)           (18,188)           
 Operating income (loss)                                                            5,943              4,798              3,501        17,761             16,821             
                                                                                                                                                                             
 Net non-operating (expenses) income:                                                                                                                                        
 Interest expense - net                                                             (491)              (409)              (404)        (1,682)            (1,336)            
 Foreign exchange gain (loss)                                                       587                243                348          965                36                 
 Gain (loss) on equity-method investments                                           73                 7                  (25)         61                 97                 
 Gain (loss) on valuation of financial assets and  liabilities                      (400)              (223)              (72)         (697)              908                
 Others                                                                             98                 42                 (396)        183                471                
 Total non-operating (expenses) income                                              (133)              (340)              (549)        (1,170)            176                
 Income (loss) before tax                                                           5,810              4,458              2,952        16,591             16,997             
                                                                                                                                                                             
 Income tax benefit (expense)                                                       (1,269)            (865)              (340)        (3,042)            (3,018)            
 (Loss) income from continuing operations and  before minority interest             4,541              3,593              2,612        13,549             13,979             
 Minority interest                                                                  (154)              (147)              27           (458)              (253)              
                                                                                                                                                                             
 Net income (loss)                                                                  4,387              3,446              2,639        13,091             13,726             
                                                                                                                                                                             
 Per share data:                                                                                                                                                             
 Earnings (losses) per share                                                                                                                                                 
 - Basic                                                                            NT$0.59            NT$0.46            NT$0.35      NT$1.76            NT$1.83            
 - Diluted                                                                          NT$0.58            NT$0.45            NT$0.35      NT$1.71            NT$1.78            
                                                                                                                                                                             
 Earnings (losses) per equivalent ADS                                                                                                                                        
 - Basic                                                                            US$0.101           US$0.077           US$0.059     US$0.297           US$0.311           
 - Diluted                                                                          US$0.099           US$0.076           US$0.058     US$0.289           US$0.304           
                                                                                                                                                                             
 Number of weighted average shares used in  diluted EPS calculation (in thousands)  7,504,787          7,506,691          7,511,748    7,575,896          7,700,036          
                                                                                                                                                                             
 Exchange rate (NT$ per US$1)                                                       29.13              29.86              30.24        29.56              29.34              
                                                                                                                                                                             


 Advanced Semiconductor Engineering, Inc.                                                                                                                                              
 Summary of Consolidated Income Statements Data - IC ATM                                                                                                                               
 (In NT$ millions, except per share data)                                                                                                                                              
 (Unaudited)                                                                                                                                                                           
                                                                                    For the three months ended                             For the period ended                     
                                                                                    Dec. 31            Sep. 30            Dec. 31      Dec. 31            Dec. 31            
                                                                                    
2012              
2012              
2011        
2012              
2011              
 Net revenues:                                                                                                                                                               
 Packaging                                                                          27,709             27,181             25,637       104,616            102,999            
 Testing                                                                            6,036              5,911              5,603        22,657             21,946             
 Direct Material                                                                    650                799                668          2,735              2,678              
 Total net revenues                                                                 34,395             33,891             31,908       130,008            127,623            
                                                                                                                                                                             
 Cost of revenues                                                                   (26,401)           (26,165)           (25,118)     (101,344)          (98,885)           
 Gross profit                                                                       7,994              7,726              6,790        28,664             28,738             
                                                                                                                                                                             
 Operating expenses:                                                                                                                                                         
 Research and development                                                           (1,697)            (1,615)            (1,494)      (6,165)            (5,425)            
 Selling, general and administrative                                                (2,071)            (2,095)            (2,140)      (8,136)            (7,985)            
 Total operating expenses                                                           (3,768)            (3,710)            (3,634)      (14,301)           (13,410)           
 Operating income (loss)                                                            4,226              4,016              3,156        14,363             15,328             
                                                                                                                                                                             
 Net non-operating (expenses) income:                                                                                                                                        
 Interest expense - net                                                             (503)              (413)              (346)        (1,681)            (1,174)            
 Foreign exchange gain (loss)                                                       565                220                301          927                (3)                
 Gain (loss) on equity-method investments                                           1,088              574                369          2,223              1,122              
 Gain (loss) on valuation of financial assets and  liabilities                      (428)              (249)              (84)         (776)              792                
 Others                                                                             39                 51                 (459)        92                 232                
 Total non-operating (expenses) income                                              761                183                (219)        785                969                
 Income (loss) before tax                                                           4,987              4,199              2,937        15,148             16,297             
                                                                                                                                                                             
 Income tax benefit (expense)                                                       (556)              (704)              (329)        (1,926)            (2,330)            
 (Loss) income from continuing operations and  before minority interest             4,431              3,495              2,608        13,222             13,967             
 Minority interest                                                                  (44)               (49)               31           (131)              (241)              
                                                                                                                                                                             
 Net income (loss)                                                                  4,387              3,446              2,639        13,091             13,726             
                                                                                                                                                                             
 Per share data:                                                                                                                                                             
 Earnings (losses) per share                                                                                                                                                 
 - Basic                                                                            NT$0.59            NT$0.46            NT$0.35      NT$1.76            NT$1.83            
 - Diluted                                                                          NT$0.58            NT$0.45            NT$0.35      NT$1.71            NT$1.78            
                                                                                                                                                                             
 Number of weighted average shares used in  diluted EPS calculation (in thousands)  7,504,787          7,506,691          7,511,748    7,575,896          7,700,036          


 Advanced Semiconductor Engineering, Inc.                                                                                                                              
 Summary of Consolidated Income Statements Data - EMS                                                                                                                  
 (In NT$ millions, except per share data)                                                                                                                              
 (Unaudited)                                                                                                                                                           
                                                                         For the three months ended                          For the period ended                   
                                                                         Dec. 31           Sep. 30           Dec. 31     Dec. 31           Dec. 31           
                                                                         
2012             
2012             
2011       
2012             
2011             
 Net revenues:                                                                                                                                               
 Total net revenues                                                      20,141            15,116            14,447      62,483            57,645            
                                                                                                                                                             
 Cost of revenues                                                        (17,963)          (13,105)          (12,667)    (54,950)          (50,983)          
 Gross profit                                                            2,178             2,011             1,780       7,533             6,662             
                                                                                                                                                             
 Operating expenses:                                                                                                                                         
 Research and development                                                (446)             (421)             (467)       (1,732)           (1,706)           
 Selling, general and administrative                                     (756)             (658)             (828)       (2,697)           (2,904)           
 Total operating expenses                                                (1,202)           (1,079)           (1,295)     (4,429)           (4,610)           
 Operating income (loss)                                                 976               932               485         3,104             2,052             
                                                                                                                                                             
 Net non-operating (expenses) income:                                                                                                                        
 Total non-operating (expenses) income                                   142               70                115         301               359               
 Income (loss) before tax                                                1,118             1,002             600         3,405             2,411             
                                                                                                                                                             
 Income tax benefit (expense)                                            (236)             (165)             (7)         (642)             (651)             
 (Loss) income from continuing operations and  before minority interest  882               837               593         2,763             1,760             
 Minority interest                                                       (114)             (101)             (6)         (334)             (17)              
                                                                                                                                                             
 Net income (loss)                                                       768               736               587         2,429             1,743             


 Advanced Semiconductor Engineering, Inc.                                                                 
 Summary of Consolidated Balance Sheet Data                                                               
 (In NT$ millions)                                                                                        
 (Unaudited)                                                                                              
                                           As of Dec. 31, 2012                As of Sep. 30, 2012      
                                                                                                   
 Current assets:                                                                                   
 Cash and cash equivalents                               20,266                        21,864      
 Financial assets - current                              4,170                         1,700       
 Notes and accounts receivable                           37,213                        33,410      
 Inventories                                             32,073                        32,922      
 Others                                                  4,320                         5,706       
 Total current assets                                    98,042                        95,602      
                                                                                                   
 Financial assets - non current                          2,366                         2,304       
 Properties - net                                        126,150                       124,831     
 Intangible assets                                       15,802                        15,788      
 Others                                                  4,144                         3,447       
 Total assets                                            246,504                       241,972     
                                                                                                   
 Current liabilities:                                                                              
 Short-term debts - revolving credit                     36,885                        36,910      
 Current portion of long-term debts                      3,214                         2,961       
 Notes and accounts payable                              24,227                        22,682      
 Others                                                  20,377                        21,342      
 Total current liabilities                               84,703                        83,895      
                                                                                                   
 Long-term debts                                         44,592                        44,560      
 Other liabilities                                       4,750                         4,848       
 Total liabilities                                       134,045                       133,303     
                                                                                                   
 Minority interest                                       2,944                         2,797       
                                                                                                   
 Shareholders' equity                                    109,515                       105,872     
 Total liabilities & shareholders' equity                246,504                       241,972     
                                                                                                   
                                                                                                   
 Current Ratio                                           1.16                          1.14        
 Net Debt to Equity                                      0.54                          0.56        
                                                                                                   


 Contact:                                                                       
 ASE, Inc.                           Joseph Tung, CFO / Vice President         
 
Room 1901, No. 333, Section 1      
Joseph Su,  Manager                      
 
Keelung Road, Taipei, Taiwan, 110  
ir@aseglobal.com                         
 
                                   
                                         
 
Tel: + 886.2.6636.5678             
Clare Lin, Senior Director (US Contact)  
 
Fax: + 886.2.2757.6121             
clare.lin@aseus.com                      
 
http://www.aseglobal.com           
Tel: + 1.408.636.9524                    


SOURCE  Advanced Semiconductor Engineering, Inc.

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