TAIPEI, Feb. 13,
2025 /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$162,264 million for 4Q24, up by
1.0% year-over-year and up by 1.3% sequentially. Net income
attributable to shareholders of the parent for the quarter totaled
NT9,312 million, down from NT$9,392
million in 4Q23 and down from NT$9,733 million in 3Q24. Basic earnings
per share for the quarter were NT$2.15 (or US$0.134 per ADS), compared to NT$2.18 for 4Q23 and NT$2.25 for 3Q24. Diluted earnings per
share for the quarter were NT$2.07
(or US$0.129 per ADS), compared to
NT$2.13 for 4Q23 and NT$2.18 for 3Q24.
For the full year of 2024, the Company reported unaudited net
revenues of NT$595,410 million and
net income attributable to shareholders of the parent of
NT$32,483 million. Basic
earnings per share for the full year of 2024 were NT$7.52 (or US$0.470 per ADS). Diluted earnings per
share for the full year of 2024 were NT$7.23 (or US$0.452 per ADS).
As of December 31, 2024, we have
completed the purchase price allocation of business combination,
and have retrospectively adjusted the consolidated financial
results for the prior period.
RESULTS OF OPERATIONS
4Q24 Results Highlights – Consolidated
- Net revenues from packaging operations, testing operations, EMS
operations, and others represented approximately 43%, 10%, 46%, and
1% of the total net revenues for the quarter, respectively.
- Cost of revenues was NT$135,633
million for the quarter, up from NT$133,679 million in 3Q24.
- Raw material cost totaled NT$84,434
million for the quarter, representing 52% of the total net
revenues.
- Labor cost totaled NT$16,749
million for the quarter, representing 10% of the total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$13,961 million for the
quarter.
- Gross margin decreased by 0.1 percentage points to 16.4% in
4Q24 from 16.5% in 3Q24.
- Operating margin was 6.9% in 4Q24, compared to 7.2% in
3Q24.
- In terms of non-operating items:
- Net interest expense was NT$1,308 million.
- Net foreign exchange loss was NT$2,787
million, primarily attributable to the appreciation of the
U.S. dollar against the New Taiwan dollar.
- Net gain on valuation of financial assets and liabilities was
NT$4,017 million.
- Net loss on equity-method investments was NT$133 million.
- Other net non-operating income was NT$441 million, primarily attributable to
miscellaneous income.
Total non-operating income and expenses for the quarter
was NT$230 million.
- Income before tax was NT$11,441
million in 4Q24, compared to NT$12,325 million in 3Q24. We recorded income tax
expenses of NT$1,862 million for the
quarter, compared to NT$2,052 million
in 3Q24.
- Net income attributable to shareholders of the parent was
NT$9,312 million in 4Q24, compared to
NT$9,392 million in 4Q23 and
NT$9,733 million in 3Q24.
- Our total number of shares outstanding at the end of the
quarter was 4,414,930,537, including treasury stock owned by our
subsidiaries in 4Q24. Our 4Q24 basic earnings per share of
NT$2.15 (or US$0.134 per ADS) were based on 4,324,469,567
weighted average numbers of shares outstanding in 4Q24. Our 4Q24
diluted earnings per share of NT$2.07
(or US$0.129 per ADS) were based on
4,399,408,735 weighted average number of shares outstanding in
4Q24.
4Q24 Results Highlights – ATM
- Net revenues were NT$88,363
million for the quarter, up by 7.8% year-over-year and up by
3.0% sequentially.
- Cost of revenues was NT$67,754
million for the quarter, up by 7.9% year-over-year and up by
2.7% sequentially.
- Raw material cost totaled NT$24,774
million for the quarter, representing 28% of the total net
revenues.
- Labor cost totaled NT$13,661
million for the quarter, representing 15% of the total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$12,508 million for the
quarter.
- Gross margin increased by 0.2 percentage points to 23.3% in
4Q24 from 23.1% in 3Q24.
- Operating margin was 10.7% in both 4Q24 and 3Q24.
4Q24 Results Highlights – EMS
- Net revenues were NT$74,895
million, down by 5.4% year-over-year and down by 0.6%
sequentially.
- Cost of revenues for the quarter was NT$68,713 million, down by 5.2% year-over-year
and up by 0.1% sequentially.
- Raw material cost totaled NT$60,178
million for the quarter, representing 80% of the total net
revenues.
- Labor cost totaled NT$2,980 million for the quarter,
representing 4% of the total net revenues.
- Depreciation, amortization and rental expenses totaled
NT$1,191 million for the quarter.
- Gross margin decreased by 0.7 percentage points to 8.3% in 4Q24
from 9.0% in 3Q24.
- Operating margin was 2.7% in 4Q24, compared to 3.3% in
3Q24.
2024 Full-Year Results Highlights – Consolidated
- Net revenues for the full year of 2024 amounted to NT$595,410 million, up by 2.3% from the full year
of 2023. 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 2024 was NT$498,478 million, compared to NT$490,157 million in 2023.
- Raw material cost totaled NT$306,359
million for the year, representing 51% of total net
revenues.
- Labor cost totaled NT$64,268
million for the year, representing 11% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$54,254 million for the year.
- Gross margin increased by 0.5 percentage points to 16.3% in
2024 from 15.8% in 2023.
- Operating margin decreased to 6.6% in 2024 from 6.9% in
2023.
- Total non-operating income for the year was NT$2,517 million, compared to NT$2,272 million in 2023.
- Income before tax was NT$41,684
million in 2024. We recognized an income tax expense of
NT$7,758 million for the year.
- Net income attributable to shareholders of the parent amounted
to NT$32,483 million in 2024,
compared to NT$31,725 million in
2023.
- Our 2024 basic earnings per share of NT$7.52 (or US$0.470 per ADS) were based on 4,318,991,036
weighted average numbers of shares outstanding in 2024. Our 2024
diluted earnings per share of NT$7.23
(or US$0.452 per ADS) were based on
4,392,013,361 weighted average number of shares outstanding in
2024.
2024 Full-Year Results Highlights – ATM
- Cost of revenues for the full year of 2024 was NT$252,712 million, compared to NT$246,397 million in 2023.
- Raw material cost totaled NT$90,307
million for the year, representing 28% of total net
revenues.
- Labor cost totaled NT$51,652
million for the year, representing 16% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$48,392 million for the year.
- Gross margin increased to 22.5% in 2024 from 21.8% in 2023.
- Operating margin decreased to 9.8% in 2024 from 10.1% in
2023.
2024 Full-Year Results Highlights – EMS
- Cost of revenues was NT$248,135
million in 2024, up by 1.3% from 2023.
- Raw material cost totaled NT$216,864
million for the year, representing 80% of total net
revenues.
- Labor cost totaled NT$12,161
million for the year, representing 4% of total net
revenues.
- Depreciation, amortization and rental expenses totaled
NT$4,808 million for the year.
- Gross margin increased to 9.0% in 2024 from 8.7% in 2023.
- Operating margin decreased to 2.9% in 2024 from 3.3% in
2023.
LIQUIdiTY AND CAPITAL RESOURCES
- Capital expenditures in 4Q24 totaled US$640 million, of which US$321 million was used in packaging operations,
US$290 million in testing operations,
US$24 million in EMS operations and
US$5 million in interconnect
materials operations and others.
- Capital expenditures in 2024 totaled US$1,876 million, of which US$957 million was used in packaging operations,
US$815 million in testing operations,
US$89 million in EMS operations and
US$15 million in interconnect
materials operations and others.
- Total unused credit lines amounted to NT$375,734 million as of December 31, 2024.
- Current ratio was 1.19 and net debt to equity ratio was 0.37 as
of December 31, 2024.
- Total number of employees was 95,492 as of December 31, 2024, compared to 94,456 as of
September 30, 2024.
Business Review
Customers[2]
ATM Basis
- Our five largest customers together accounted for approximately
44% of our total net revenues in 4Q24, compared to 42% in 3Q24. Two
customers each accounted for more than 10% of our total net
revenues in 4Q24 individually.
- Our top 10 customers contributed 60% of our total net revenues
in 4Q24, compared to 58% in 3Q24.
- Our customers that are integrated device manufacturers or IDMs
accounted for 32% of our total net revenues in 4Q24, compared to
34% in 3Q24.
EMS Basis
- Our five largest customers together accounted for approximately
72% of our total net revenues in 4Q24, compared to 71% in 3Q24. One
customer accounted for more than 10% of our total net revenues in
4Q24.
- Our top 10 customers contributed 78% of our total net revenues
in 4Q24, compared to 77% in 3Q24.
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, Philippines, 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. These statements are made under
the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. 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
2024 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 2023 Annual Report on Form 20-F
filed on April 3, 2024.
Supplemental Financial Information
(Unaudited)
Consolidated Operations
|
4Q24
|
3Q24
|
4Q23
|
|
EBITDA[3]
(NT$ million)
|
28,797
|
28,692
|
28,606
|
ATM Operations
|
4Q24
|
3Q24
|
4Q23
|
|
Net Revenues (NT$
million)
|
88,363
|
85,790
|
82,004
|
|
Revenues by Application
|
|
|
|
|
Communication
|
53 %
|
50 %
|
53 %
|
|
Computing
|
17 %
|
18 %
|
17 %
|
|
Automotive, Consumer
& Others
|
30 %
|
32 %
|
30 %
|
|
Revenues by Type
|
|
|
|
|
Bumping, Flip Chip, WLP
& SiP
|
47 %
|
45 %
|
44 %
|
|
Wirebonding
|
27 %
|
29 %
|
30 %
|
|
Others
|
7 %
|
8 %
|
8 %
|
|
Testing
|
18 %
|
16 %
|
16 %
|
|
Material
|
1 %
|
2 %
|
2 %
|
|
Capacity & EBITDA
|
|
|
|
|
CapEx[4]
(US$ million)
|
616
|
588
|
213
|
|
EBITDA[3]
(NT$ million)
|
24,845
|
24,257
|
23,787
|
|
Number of
Wirebonders
|
25,328
|
25,373
|
25,860
|
|
Number of
Testers
|
6,300
|
5,966
|
5,556
|
EMS Operations
|
4Q24
|
3Q24
|
4Q23
|
|
Net Revenues (NT$
million)
|
74,895
|
75,384
|
79,182
|
|
Revenues by Application
|
|
|
|
|
Communication
|
37 %
|
34 %
|
40 %
|
|
Computing
|
9 %
|
9 %
|
11 %
|
|
Consumer
|
33 %
|
36 %
|
28 %
|
|
Industrial
|
11 %
|
11 %
|
11 %
|
|
Automotive
|
8 %
|
9 %
|
8 %
|
|
Others
|
2 %
|
1 %
|
2 %
|
|
Capacity
|
|
|
|
|
CapEx[4]
(US$ million)
|
24
|
14
|
21
|
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
2024
|
|
Sep. 30
2024
(Retrospectively Adjusted)
|
|
Dec. 31
2023
|
|
Dec. 31
2024
|
|
Dec. 31
2023
|
|
|
Net revenues
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
70,285
|
|
69,154
|
|
66,221
|
|
261,732
|
|
256,805
|
|
|
Testing
|
15,713
|
|
14,124
|
|
13,363
|
|
54,562
|
|
49,881
|
|
|
EMS
|
74,243
|
|
74,871
|
|
79,155
|
|
271,293
|
|
268,218
|
|
|
Others
|
2,023
|
|
1,956
|
|
1,842
|
|
7,823
|
|
7,010
|
|
|
Total net
revenues
|
162,264
|
|
160,105
|
|
160,581
|
|
595,410
|
|
581,914
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(135,633)
|
|
(133,679)
|
|
(134,820)
|
|
(498,478)
|
|
(490,157)
|
|
|
Gross profit
|
26,631
|
|
26,426
|
|
25,761
|
|
96,932
|
|
91,757
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(7,676)
|
|
(7,439)
|
|
(6,950)
|
|
(28,830)
|
|
(25,499)
|
|
|
Selling, general and
administrative
|
(7,744)
|
|
(7,517)
|
|
(6,996)
|
|
(28,935)
|
|
(25,930)
|
|
|
Total operating
expenses
|
(15,420)
|
|
(14,956)
|
|
(13,946)
|
|
(57,765)
|
|
(51,429)
|
|
|
Operating
income
|
11,211
|
|
11,470
|
|
11,815
|
|
39,167
|
|
40,328
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net non-operating
income and expenses
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense -
net
|
(1,308)
|
|
(1,291)
|
|
(1,302)
|
|
(4,864)
|
|
(4,726)
|
|
|
Foreign exchange gain
(loss) - net
|
(2,787)
|
|
1,887
|
|
3,731
|
|
(5,539)
|
|
998
|
|
|
Gain (Loss) on
valuation of financial assets and liabilities - net
|
4,017
|
|
(946)
|
|
(2,977)
|
|
9,833
|
|
1,860
|
|
|
Gain (Loss) on
equity-method investments - net
|
(133)
|
|
485
|
|
155
|
|
868
|
|
1,125
|
|
|
Others - net
|
441
|
|
720
|
|
945
|
|
2,219
|
|
3,015
|
|
|
Total non-operating
income and expenses
|
230
|
|
855
|
|
552
|
|
2,517
|
|
2,272
|
|
|
Income before
tax
|
11,441
|
|
12,325
|
|
12,367
|
|
41,684
|
|
42,600
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
expense
|
(1,862)
|
|
(2,052)
|
|
(2,461)
|
|
(7,758)
|
|
(9,043)
|
|
|
Income from operations
and before non-controlling interests
|
9,579
|
|
10,273
|
|
9,906
|
|
33,926
|
|
33,557
|
|
|
Non-controlling
interests
|
(267)
|
|
(540)
|
|
(514)
|
|
(1,443)
|
|
(1,832)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable
to shareholders of the parent
|
9,312
|
|
9,733
|
|
9,392
|
|
32,483
|
|
31,725
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per share
data:
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
NT$2.15
|
|
NT$2.25
|
|
NT$2.18
|
|
NT$7.52
|
|
NT$7.39
|
|
|
– Diluted
|
NT$2.07
|
|
NT$2.18
|
|
NT$2.13
|
|
NT$7.23
|
|
NT$7.18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per equivalent
ADS
|
|
|
|
|
|
|
|
|
|
|
|
– Basic
|
US$0.134
|
|
US$0.139
|
|
US$0.137
|
|
US$0.470
|
|
US$0.475
|
|
|
– Diluted
|
US$0.129
|
|
US$0.135
|
|
US$0.133
|
|
US$0.452
|
|
US$0.462
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of weighted
average shares used in diluted EPS calculation ( in thousand
shares)
|
4,399,409
|
|
4,391,465
|
|
4,351,271
|
|
4,392,013
|
|
4,347,671
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FX (NTD/USD)
|
32.16
|
|
32.31
|
|
31.92
|
|
32.00
|
|
31.09
|
|
ASE Technology Holding Co.,
Ltd.
Summary of ATM Statement of Income
Data
(In NT$
million)
(Unaudited)
|
For the three months
ended
|
|
For the year
ended
|
|
Dec. 31
2024
|
|
Sep. 30
2024
(Retrospectively Adjusted)
|
|
Dec. 31
2023
|
|
Dec. 31
2024
|
|
Dec. 31
2023
|
|
|
Net
revenues:
|
|
|
|
|
|
|
|
|
|
|
|
Packaging
|
71,342
|
|
70,290
|
|
67,378
|
|
265,858
|
|
260,486
|
|
|
Testing
|
15,713
|
|
14,124
|
|
13,363
|
|
54,562
|
|
49,881
|
|
|
Direct
Material
|
1,233
|
|
1,295
|
|
1,205
|
|
5,130
|
|
4,574
|
|
|
Others
|
75
|
|
81
|
|
58
|
|
325
|
|
174
|
|
|
Total net
revenues
|
88,363
|
|
85,790
|
|
82,004
|
|
325,875
|
|
315,115
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(67,754)
|
|
(65,995)
|
|
(62,786)
|
|
(252,712)
|
|
(246,397)
|
|
|
Gross profit
|
20,609
|
|
19,795
|
|
19,218
|
|
73,163
|
|
68,718
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(6,047)
|
|
(5,773)
|
|
(5,425)
|
|
(22,438)
|
|
(19,786)
|
|
|
Selling, general and
administrative
|
(5,127)
|
|
(4,803)
|
|
(4,581)
|
|
(18,739)
|
|
(17,086)
|
|
|
Total operating
expenses
|
(11,174)
|
|
(10,576)
|
|
(10,006)
|
|
(41,177)
|
|
(36,872)
|
|
|
Operating
income
|
9,435
|
|
9,219
|
|
9,212
|
|
31,986
|
|
31,846
|
|
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
2024
|
|
Sep. 30
2024
|
|
Dec. 31
2023
|
|
Dec. 31
2024
|
|
Dec. 31
2023
|
|
|
Net revenues
|
|
|
|
|
|
|
|
|
|
|
|
Total net
revenues
|
74,895
|
|
75,384
|
|
79,182
|
|
272,550
|
|
268,309
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
(68,713)
|
|
(68,627)
|
|
(72,496)
|
|
(248,135)
|
|
(244,947)
|
|
|
Gross profit
|
6,182
|
|
6,757
|
|
6,686
|
|
24,415
|
|
23,362
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses
|
|
|
|
|
|
|
|
|
|
|
|
Research and
development
|
(1,673)
|
|
(1,668)
|
|
(1,567)
|
|
(6,542)
|
|
(5,871)
|
|
|
Selling, general and
administrative
|
(2,523)
|
|
(2,636)
|
|
(2,320)
|
|
(9,883)
|
|
(8,511)
|
|
|
Total operating
expenses
|
(4,196)
|
|
(4,304)
|
|
(3,887)
|
|
(16,425)
|
|
(14,382)
|
|
|
Operating
income
|
1,986
|
|
2,453
|
|
2,799
|
|
7,990
|
|
8,980
|
|
ASE Technology Holding Co., Ltd.
Summary of Consolidated Balance Sheet Data
(In NT$ million)
(Unaudited)
|
|
|
As of Dec. 31,
2024
|
|
|
As of Sep. 30,
2024
(Retrospectively
Adjusted)
|
|
Current
assets
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
76,493
|
|
|
71,711
|
|
Financial assets –
current
|
|
|
9,376
|
|
|
6,643
|
|
Trade
receivables
|
|
|
113,420
|
|
|
114,061
|
|
Inventories
|
|
|
61,181
|
|
|
68,991
|
|
Others
|
|
|
14,815
|
|
|
17,399
|
|
Total current
assets
|
|
|
275,285
|
|
|
278,805
|
|
|
|
|
|
|
|
|
Financial assets –
non-current & Investments – equity -method
|
|
|
41,810
|
|
|
42,300
|
|
Property, plant and
equipment
|
|
|
312,531
|
|
|
283,886
|
|
Right-of-use
assets
|
|
|
11,851
|
|
|
11,502
|
|
Intangible
assets
|
|
|
67,562
|
|
|
67,639
|
|
Others
|
|
|
31,659
|
|
|
30,516
|
|
Total assets
|
|
|
740,698
|
|
|
714,648
|
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
|
Short-term
borrowings[5]
|
|
|
47,445
|
|
|
56,726
|
|
Current portion of
bonds payable & Current portion of long-term
borrowings
|
|
|
18,883
|
|
|
23,531
|
|
Trade
payables
|
|
|
78,221
|
|
|
82,595
|
|
Others
|
|
|
86,391
|
|
|
72,698
|
|
Total current
liabilities
|
|
|
230,940
|
|
|
235,550
|
|
|
|
|
|
|
|
|
Bonds
payable
|
|
|
17,978
|
|
|
17,073
|
|
Long-term
borrowings
|
|
|
121,750
|
|
|
108,003
|
|
Other
liabilities
|
|
|
24,243
|
|
|
22,912
|
|
Total
liabilities
|
|
|
394,911
|
|
|
383,538
|
|
|
|
|
|
|
|
|
Equity attributable to
shareholders of the parent
|
|
|
323,523
|
|
|
309,456
|
|
Non-controlling
interests
|
|
|
22,264
|
|
|
21,654
|
|
Total liabilities &
shareholders' equity
|
|
|
740,698
|
|
|
714,648
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
ratio
|
|
|
1.19
|
|
|
1.18
|
|
Net debt to equity
ratio
|
|
|
0.37
|
|
|
0.41
|
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
2024
|
|
Sep. 30
2024
(Retrospectively Adjusted)
|
|
Dec. 31
2023
|
|
Dec. 31
2024
|
|
Dec. 31
2023
|
|
|
Cash Flows from
Operating Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before
tax
|
|
11,441
|
|
12,325
|
|
12,367
|
|
41,684
|
|
42,600
|
|
|
|
Depreciation &
amortization
|
|
15,360
|
|
15,043
|
|
14,607
|
|
59,815
|
|
58,102
|
|
|
|
Other operating
activities items
|
|
8,444
|
|
(5,306)
|
|
19,854
|
|
(10,711)
|
|
13,720
|
|
|
|
Net cash generated from
operating activities
|
|
35,245
|
|
22,062
|
|
46,828
|
|
90,788
|
|
114,422
|
|
|
|
Cash Flows from
Investing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net payments for
property, plant
and
equipment
|
|
(31,546)
|
|
(19,769)
|
|
(11,859)
|
|
(78,614)
|
|
(53,683)
|
|
|
|
Other investment
activities items
|
|
(11)
|
|
(2,593)
|
|
582
|
|
(5,294)
|
|
(1,439)
|
|
|
|
Net cash used in
investing activities
|
|
(31,557)
|
|
(22,362)
|
|
(11,277)
|
|
(83,908)
|
|
(55,122)
|
|
|
|
Cash Flows from
Financing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total net proceeds
from (repayment of) borrowings and bonds
|
|
(1,952)
|
|
30,909
|
|
(24,441)
|
|
16,487
|
|
(10,817)
|
|
|
|
Dividends
paid
|
|
-
|
|
(22,460)
|
|
-
|
|
(22,460)
|
|
(37,841)
|
|
|
|
Other financing
activities items
|
|
(121)
|
|
(51)
|
|
534
|
|
(1,298)
|
|
(443)
|
|
|
|
Net cash generated from
(used in) financing activities
|
|
(2,073)
|
|
8,398
|
|
(23,907)
|
|
(7,271)
|
|
(49,101)
|
|
|
|
Foreign currency
exchange effect
|
|
3,167
|
|
(2,560)
|
|
(7,433)
|
|
9,600
|
|
(955)
|
|
|
|
Net increase in cash
and cash equivalents
|
|
4,782
|
|
5,538
|
|
4,211
|
|
9,209
|
|
9,244
|
|
|
|
Cash and cash
equivalents at the beginning of period
|
|
71,711
|
|
66,173
|
|
62,812
|
|
67,284
|
|
58,040
|
|
|
|
Cash and cash
equivalents at the
end of
period
|
|
76,493
|
|
71,711
|
|
67,023
|
|
76,493
|
|
67,284
|
|
|
|
Cash and cash
equivalents in the consolidated balance sheet
|
|
76,493
|
|
71,711
|
|
67,284
|
|
76,493
|
|
67,284
|
|
|
|
Cash and cash
equivalents included in disposal groups held for sale
|
|
-
|
|
-
|
|
(261)
|
|
-
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[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] In the fourth
quarter of 2024, we adjusted our calculation method of revenue
sourcing to focus on direct customers rather than end customers. We
believe this method better reflects our current business
environment. Consequently, we have retrospectively adjusted our
customer metrics for the third quarter of 2024.
[3] EBITDA stands
for net income or loss before interest, taxes, depreciation,
amortization, impairment and investment gain or loss as well as
other items.
[4] Capital
expenditure excludes building construction costs.
[5] Short-term
borrowings include short-term loans and bills payable.
|
Investor Relations Contact
ir@aseglobal.com
Tel: +886.2.6636.5678
https://www.aseglobal.com
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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-2024-302375540.html
SOURCE ASE Technology Holding Co., Ltd.
