ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (ASX) reported its unaudited consolidated net revenues for February 2022, totaling NT$43,831 million (approximately US$1,579 million), reflecting a decrease of 9.8% sequentially from January 2022's NT$48,574 million and a year-on-year increase of 19.7% from NT$36,620 million. The company also noted that ATM assembly, testing, and material business revenues fell by 5.5% sequentially to NT$25,996 million but increased by 12.1% year-on-year. The results highlight a mixed financial performance with sequential revenue declines but year-on-year growth.

Positive

• Year-on-year revenue growth of 19.7% in February 2022.
• ATM assembly and testing segment showed a year-on-year revenue increase of 12.1%.

Negative

• Sequential revenue decline of 9.8% from January 2022.
• ATM assembly, testing, and material business revenues decreased sequentially by 5.5%.

TAIPEI, Taiwan, R.O.C., March 9, 2022 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for February 2022.

CONSOLIDATED NET REVENUES (UNAUDITED)

		Feb		Jan		Feb		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		43,831		48,574		36,620		-9.8%		+19.7%
		Feb		Jan		Feb		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,579		1,760		1,293		-10.3%		+22.1%

Pro Forma Basis**

		Feb		Jan		Feb		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		43,831		48,574		34,873		-9.8%		+25.7%
		Feb		Jan		Feb		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,579		1,760		1,232		-10.3%		+28.2%

Net revenues for ATM assembly, testing and material business are as follows:

ATM NET REVENUES (UNAUDITED)

		Feb		Jan		Feb		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		25,996		27,509		23,180		-5.5%		+12.1%
		Feb		Jan		Feb		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		937		997		819		-6.0%		+14.4%

Pro Forma Basis**

		Feb		Jan		Feb		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		25,996		27,509		21,433		-5.5%		+21.3%
		Feb		Jan		Feb		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		937		997		757		-6.0%		+23.7%

 

*This press release is intended to comply with Taiwan regulatory requirements.

** Pro forma basis excludes the 4 disposed China Sites.

Safe Harbor Notice:
This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2020 Annual Report on Form 20-F filed on April 6, 2021.

Investor Relations Contact:

ir@aseglobal.com

Tel: +886.2.6636.5678

http://www.aseglobal.com

 

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology Holding's net revenues for February 2022?

Net revenues for February 2022 were NT$43,831 million (US$1,579 million).

How did ASE Technology's February 2022 revenues compare to January 2022?

February 2022 revenues decreased by 9.8% compared to January 2022, which had NT$48,574 million.

What was the year-on-year growth rate of ASE Technology's revenues in February 2022?

The year-on-year growth rate for February 2022 was 19.7% compared to February 2021.

What was the sequential change in ATM assembly revenues for February 2022?

ATM assembly revenues fell by 5.5% sequentially in February 2022.