ASE Technology Holding(US:ASX)2023-10-25 16:00Financial Performance - ASE Technology Holding Co., Ltd. reported unaudited net revenues of NT$154,167 million for Q3 2023, down 18% year-over-year but up 13% sequentially [4]. - Net income attributable to shareholders for the quarter was NT$8,776 million, a decrease from NT$17,465 million in Q3 2022 but an increase from NT$7,740 million in Q2 2023 [4]. - Basic earnings per share for Q3 2023 were NT$2.04 (US$0.130 per ADS), compared to NT$4.03 in Q3 2022 and NT$1.80 in Q2 2023 [4]. - Total net revenues for the three months ended September 30, 2023, were NT$70,970 million, a decrease of 21.7% compared to NT$90,665 million for the same period in 2022 [34]. - Gross profit for the three months ended September 30, 2023, was NT$6,470 million, representing a gross margin of 9.1% compared to 10.2% in the same period last year [34]. - Operating income for the three months ended September 30, 2023, was NT$2,767 million, down 46.0% from NT$5,130 million in the same period last year [34]. Revenue Breakdown - Net revenues from ATM operations were NT$83,684 million, down 15% year-over-year but up 10% sequentially [9]. - Net revenues from EMS operations were NT$70,970 million, down 22% year-over-year but up 18% sequentially [10]. - The five largest customers accounted for approximately 42% of total net revenues in Q3 2023, up from 41% in Q2 2023 [12]. Capital Expenditures and Investments - Capital expenditures in Q3 2023 totaled US$239 million, with US$121 million allocated to packaging operations [11]. Financial Ratios and Assets - The current ratio was 1.21 and the net debt to equity ratio was 0.47 as of September 30, 2023 [11]. - Total current assets increased to NT$292,689 million as of September 30, 2023, compared to NT$271,030 million as of June 30, 2023 [37]. - Current liabilities rose to NT$241,511 million as of September 30, 2023, up from NT$225,765 million as of June 30, 2023 [37]. - The current ratio improved slightly to 1.21 as of September 30, 2023, compared to 1.20 as of June 30, 2023 [37]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were NT$62,813 million, an increase from NT$59,611 million at the end of the previous quarter [39]. - Net cash generated from operating activities for the three months ended September 30, 2023, was NT$12,252 million, compared to NT$10,111 million in the previous quarter [39]. - The company reported a net increase in cash and cash equivalents of NT$3,462 million for the three months ended September 30, 2023 [39]. Employee and R&D Expenses - Total number of employees decreased to 93,289 as of September 30, 2023, from 93,950 as of June 30, 2023 [11]. - Research and development expenses for the three months ended September 30, 2023, were NT$1,453 million, slightly down from NT$1,527 million in the previous quarter [34].