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ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Second Quarter of 2024
ASXASE Technology Holding(ASX) Prnewswire·2024-07-25 06:45

Core Viewpoint - ASE Technology Holding Co., Ltd. reported a 2Q24 net revenue of NT140,238million,reflectingayear−over−yearincreaseof2.9140,238 million, reflecting a year-over-year increase of 2.9% and a sequential increase of 5.6, with net income attributable to shareholders reaching NT7,783 million, up from NT5,682millionin1Q24[1][2].FinancialPerformance−Netrevenuesfrompackagingoperations,testingoperations,EMSoperations,andothersaccountedforapproximately455,682 million in 1Q24 [1][2]. Financial Performance - Net revenues from packaging operations, testing operations, EMS operations, and others accounted for approximately 45%, 9%, 45%, and 1% of total net revenues in 2Q24, respectively [2]. - Cost of revenues for the quarter was NT117,172 million, with raw material costs at NT70,387million(5070,387 million (50% of total revenues) and labor costs at NT15,673 million (11% of total revenues) [2]. - Gross margin improved to 16.4% in 2Q24 from 15.7% in 1Q24, while operating margin increased to 6.4% from 5.7% in the previous quarter [2]. - Basic earnings per share for 2Q24 were NT1.80(US1.80 (US0.112 per ADS), consistent with 2Q23 and up from NT1.32in1Q24[1][2].ATMOperations−ATMnetrevenueswereNT1.32 in 1Q24 [1][2]. ATM Operations - ATM net revenues were NT77,813 million for the quarter, up 2.2% year-over-year and 5.3% sequentially [3]. - Gross margin for ATM operations increased to 22.1% in 2Q24 from 21.0% in 1Q24, with an operating margin of 9.3% compared to 8.2% in the previous quarter [3]. EMS Operations - EMS net revenues reached NT62,907million,reflectinga4.162,907 million, reflecting a 4.1% year-over-year increase and a 6.0% sequential increase [4]. - Cost of revenues for EMS was NT56,870 million, with raw material costs at NT49,075million(7849,075 million (78% of total revenues) and labor costs at NT3,121 million (5% of total revenues) [5]. Liquidity and Capital Resources - Capital expenditures in 2Q24 totaled US406million,withsignificantallocationstopackaging(US406 million, with significant allocations to packaging (US215 million) and testing operations (US$154 million) [6]. - The current ratio was 1.17 and the net debt to equity ratio was 0.34 as of June 30, 2024 [6]. Customer Concentration - The five largest customers accounted for approximately 45% of total net revenues in 2Q24, with the top 10 customers contributing 60% [7]. - In EMS, the five largest customers represented about 67% of total net revenues, with the top 10 contributing 74% [8].