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ASE Technology Holding Co., Ltd. Reports Its Unaudited Consolidated Financial Results for the Third Quarter of 2024
ASXASE Technology Holding(ASX) Prnewswire·2024-10-31 06:45

Core Insights - ASE Technology Holding Co., Ltd. reported unaudited net revenues of NT160,105millionforQ32024,representingayear−over−yearincreaseof3.9160,105 million for Q3 2024, representing a year-over-year increase of 3.9% and a sequential increase of 14.2% [1][3] - Net income attributable to shareholders for the quarter was NT9,666 million, up from NT8,776millioninQ32023andNT8,776 million in Q3 2023 and NT7,778 million in Q2 2024 [1][3] - Basic earnings per share for Q3 2024 were NT2.24(US2.24 (US0.138 per ADS), compared to NT2.04forQ32023andNT2.04 for Q3 2023 and NT1.80 for Q2 2024 [1][3] Financial Performance - Net revenues from packaging operations, testing operations, EMS operations, and others accounted for approximately 43%, 9%, 47%, and 1% of total net revenues in Q3 2024, respectively [3] - Cost of revenues was NT133,673millionforthequarter,anincreasefromNT133,673 million for the quarter, an increase from NT117,184 million in Q2 2024 [3] - Gross margin increased by 0.1 percentage points to 16.5% in Q3 2024 from 16.4% in Q2 2024, while operating margin improved to 7.2% from 6.4% [3] ATM Operations - Net revenues for ATM operations were NT85,790million,upby2.585,790 million, up by 2.5% year-over-year and 10.3% sequentially [4] - Cost of revenues for ATM operations was NT65,989 million, with a gross margin of 23.1%, an increase of 1.0 percentage points from Q2 2024 [4] EMS Operations - EMS operations generated net revenues of NT75,384million,reflectingayear−over−yearincreaseof6.275,384 million, reflecting a year-over-year increase of 6.2% and a sequential increase of 19.8% [5] - Cost of revenues for EMS operations was NT68,627 million, with a gross margin of 9.0%, down from 9.6% in Q2 2024 [5] Liquidity and Capital Resources - Capital expenditures in Q3 2024 totaled US603million,withUS603 million, with US312 million allocated to packaging operations and US$274 million to testing operations [6] - The current ratio was 1.18 and the net debt to equity ratio was 0.41 as of September 30, 2024 [6] Customer Concentration - The five largest customers accounted for approximately 46% of total net revenues in Q3 2024, with one customer exceeding 10% of total revenues [7] - In EMS operations, the five largest customers represented about 72% of total net revenues, an increase from 67% in Q2 2024 [8]