REVISED: ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX) reported its revised unaudited consolidated net revenues for December, Q4, and full year 2022. For December 2022, net revenues decreased by 11.6% sequentially to NT$ 53,139 million (US$ 1,736 million), and by 10.9% year-over-year. Q4 revenues were NT$ 177,417 million (US$ 5,652 million), marking a 5.9% decline sequentially and a 2.6% increase year-over-year. Full year revenues rose by 17.7% to NT$ 670,873 million (US$ 22,579 million). Significant revenue drop in ATM assembly and testing services was noted, impacting the overall performance.

Positive

• Full year revenue growth of 17.7% to NT$ 670,873 million (US$ 22,579 million).
• Year-over-year revenue increase of 2.6% in Q4.

Negative

• December 2022 net revenue decreased by 11.6% sequentially and 10.9% year-over-year.
• Q4 net revenues fell by 5.9% sequentially and 9.2% year-over-year.
• Significant decrease in ATM assembly and testing revenues, with December 2022 down 12.8% sequentially.

TAIPEI, Taiwan, R.O.C., Feb. 9, 2023 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its revised unaudited consolidated net revenues for December, 4^th quarter and full year of 2022.

Consolidated net revenues (unaudited)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		53,139		60,107		59,665		-11.6 %		-10.9 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,736		1,889		2,152		-8.1 %		-19.3 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		177,417		188,626		172,936		-5.9 %		+2.6 %
		Q4		Q3		Q4
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		5,652		6,264		6,226		-9.8 %		-9.2 %
		FY		FY						YoY
(NT$ Million)		2022		2021						Change
Net Revenues		670,873		569,997						+17.7 %
		FY		FY						YoY
(US$ Million)		2022		2021						Change
Net Revenues		22,579		20,399						+10.7 %

Pro Forma Basis**

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		53,139		60,107		57,376		-11.6 %		-7.4 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		1,736		1,889		2,070		-8.1 %		-16.1 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		177,417		188,626		166,158		-5.9 %		+6.8 %
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		5,652		6,264		5,982		-9.8 %		-5.5 %
		FY		FY						YoY
(NT$ Million)		2022		2021						Change
Net Revenues		670,873		544,579						+23.2 %
		FY		FY						YoY
(US$ Million)		2022		2021						Change
Net Revenues		22,579		19,490						+15.9 %

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

atm net revenues (unaudited)

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		28,462		32,650		31,011		-12.8 %		-8.2 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		930		1,026		1,119		-9.4 %		-16.9 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		94,322		98,831		91,958		-4.6 %		+2.6 %
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		3,005		3,284		3,310		-8.5 %		-9.2 %
		FY		FY						YoY
(NT$ Million)		2022		2021						Change
Net Revenues		372,176		334,805						+11.2 %
		FY		FY						YoY
(US$ Million)		2022		2021						Change
Net Revenues		12,551		11,978						+4.8 %

Pro Forma Basis**

		Dec		Nov		Dec		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		28,462		32,650		28,722		-12.8 %		-0.9 %
		Dec		Nov		Dec		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		930		1,026		1,036		-9.4 %		-10.2 %
		Q4		Q3		Q4		Sequential		YoY
(NT$ Million)		2022		2022		2021		Change		Change
Net Revenues		94,322		98,831		85,180		-4.6 %		+10.7 %
		Q4		Q3		Q4		Sequential		YoY
(US$ Million)		2022		2022		2021		Change		Change
Net Revenues		3,005		3,284		3,066		-8.5 %		-2.0 %
		FY		FY						YoY
(NT$ Million)		2022		2021						Change
Net Revenues		372,176		309,387						+20.3 %
		FY		FY						YoY
(US$ Million)		2022		2021						Change
Net Revenues		12,551		11,068						+13.4 %

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

** Pro forma basis excludes the disposed China Sites.

Investor Relations Contact:

ir@aseglobal.com Tel: +886.2.6636.5678 http://www.aseglobal.com

Safe Harbor Notice:

This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  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 2021 Annual Report on Form 20-F filed on March 29, 2022.

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's net revenues for December 2022?

ASE Technology reported net revenues of NT$ 53,139 million (US$ 1,736 million) for December 2022.

How did ASE Technology perform in Q4 2022 compared to Q4 2021?

In Q4 2022, ASE Technology's net revenues were NT$ 177,417 million (US$ 5,652 million), representing a 2.6% increase year-over-year.

What is ASE Technology's stock symbol?

ASE Technology's stock symbol is ASX on the NYSE.

How did ASE Technology's full-year revenues for 2022 compare to 2021?

ASE Technology's full-year revenues for 2022 increased by 17.7% to NT$ 670,873 million (US$ 22,579 million) compared to 2021.

What were the main negative impacts on ASE Technology's revenues in December 2022?

In December 2022, ASE Technology experienced a 11.6% sequential decline in revenues, heavily influenced by significant drops in ATM assembly and testing revenues.