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Advanced Semiconductor Engineering, Inc. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year of 2017

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TAIPEI, Taiwan, Feb. 1, 2018 /PRNewswire/ — Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) (“We”, “ASE”, or the “Company”), among the world’s leading companies in semiconductor packaging and testing, today reported unaudited net revenues[1] of NT$83,986 million for the fourth quarter of 2017 (4Q17), up by 9% year-over-year and up by 14% sequentially.  Net income attributable to shareholders of the parent for the quarter totaled NT$6,246 million, down from a net income attributable to shareholders of the parent of NT$7,957 million in 4Q16 and down from a net income attributable to shareholders of the parent of NT$6,336 million in 3Q17.  Basic earnings per share for the quarter were NT$0.74 (or US$0.123 per ADS), compared to basic earnings per share of NT$1.04 for 4Q16 and NT$0.76 for 3Q17. Diluted earnings per share for the quarter were NT$0.71 (or US$0.118 per ADS), compared to diluted earnings per share of NT$0.88 for 4Q16 and NT$0.69 for 3Q17.

For the full year of 2017, the Company reported net revenues of NT$290,441 million and net income attributable to shareholders of the parent of NT$22,988 million.  Basic earnings per share for the full year of 2017 were NT$2.82 (or US$0.463 per ADS).  Diluted earnings per share for the full year of 2017 were NT$2.62 (or US$0.430 per ADS).

RESULTS OF OPERATIONS

4Q17 Results Highlights – Consolidated

Net revenue contribution from packaging operations, testing operations, EMS operations, substrates sold to third parties and others, each represented approximately 39%, 8%, 52%, 1% and 0%, respectively, of total net revenues for the quarter. Cost of revenue was NT$69,193 million for the quarter, up from NT$60,030 million in 3Q17. Raw material cost totaled NT$44,775 million for the quarter, representing 53% of total net revenues. Labor cost totaled NT$9,140 million for the quarter, representing 11% of total net revenues. Depreciation, amortization and rental expenses totaled NT$7,020 million for the quarter. Gross margin decreased 1.1 percentage points to 17.6% in 4Q17 from 18.7% in 3Q17. Operating margin was 9.2% in 4Q17 compared to 9.6% in 3Q17. In terms of non-operating items: Net interest expense was NT$318 million. Net foreign exchange gain of NT$780 million was primarily attributable to the depreciation of the U.S. dollar against the NT dollar. Loss on valuation of financial assets and liabilities was NT$216 million. Net gain on equity-method investments was NT$29 million, including NT$134 million of the share of

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