Siliconware Precision Industries Reports a 5.7% Quarter-over-Quarter Decline in Revenues Resulting in Earnings per Share of NT$ 0.86 or Earnings per ADS is US$ 0.13 for Third Quarter 2015
TAICHUNG, Oct. 6, 2015 /PRNewswire/ -- Siliconware Precision Industries Co., Ltd. ("SPIL" or the "Company") (Taiwan Stock Exchange: 2325, NASDAQ: SPIL) today announced that its consolidated sales revenues for the third quarter of 2015 were NT$ 20,030 million, which represented a 5.7% decline in revenues compared to the second quarter of 2015 and a 7.5% decline in revenues compared to the third quarter of 2014. SPIL reported a net income of NT$ 2,682 million for the third quarter of 2015, compared with a net income of NT$ 3,677 million and a net income of NT$ 3,260 million for the second quarter of 2015 and the third quarter of 2014, respectively.
Diluted earnings per ordinary share for this quarter was NT$ 0.86, and diluted earnings per ADS was US$ 0.13.
All figures were prepared in accordance with T-IFRS on a consolidated basis.
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Contact:
Siliconware Precision Industries Co., Ltd.
No.45, Jieh Show Rd.
Hsinchu Science Park, Hsinchu
Taiwan, 30056
www.spil.com.tw
Janet Chen, IR Director
[email protected]
+886-3-5795678#3675
Byron Chiang, Spokesperson
[email protected]
+886-3-5795678#3671
- Tables to follow -
SILICONWARE PRECISION INDUSTRIES CO., LTD. |
|||||||||||
CONSOLIDATED BALANCE SHEET (UNAUDITED) |
|||||||||||
As of Sept 30, 2015 and 2014 |
|||||||||||
(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD)) |
|||||||||||
Sept 30,2015 |
Sept 30,2014 |
Sequential |
|||||||||
ASSETS |
USD |
NTD |
% |
NTD |
% |
Change |
% |
||||
Current Assets |
|||||||||||
Cash and cash equivalent |
682,587 |
22,436,629 |
19 |
20,138,596 |
18 |
2,298,033 |
11 |
||||
Accounts receivable |
519,187 |
17,065,686 |
14 |
18,926,743 |
17 |
(1,861,057) |
-10 |
||||
Inventories |
130,634 |
4,293,936 |
4 |
4,440,428 |
4 |
(146,492) |
-3 |
||||
Other current assets |
55,700 |
1,830,864 |
1 |
1,819,328 |
1 |
11,536 |
1 |
||||
Total current assets |
1,388,108 |
45,627,115 |
38 |
45,325,095 |
40 |
302,020 |
1 |
||||
Non-current Assets |
|||||||||||
Available-for-sale financial assets |
196,284 |
6,451,861 |
5 |
8,477,221 |
8 |
(2,025,360) |
-24 |
||||
Long-term investment under equity method |
1,257 |
41,318 |
─ |
135,709 |
─ |
(94,391) |
-70 |
||||
Property, plant and equipment |
1,995,564 |
65,594,191 |
55 |
57,652,745 |
51 |
7,941,446 |
14 |
||||
Intangible assets |
6,179 |
203,097 |
─ |
274,240 |
─ |
(71,143) |
-26 |
||||
Other assets |
54,284 |
1,784,320 |
2 |
1,496,319 |
1 |
288,001 |
19 |
||||
Total non-current assets |
2,253,568 |
74,074,787 |
62 |
68,036,234 |
60 |
6,038,553 |
9 |
||||
Total Assets |
3,641,676 |
119,701,902 |
100 |
113,361,329 |
100 |
6,340,573 |
6 |
||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
|||||||||||
Liabilities |
|||||||||||
Current Liabilities |
|||||||||||
Short-term loans |
85,000 |
2,793,950 |
2 |
2,585,700 |
2 |
208,250 |
8 |
||||
Financial liabilities at fair value through profit or loss-current |
11,377 |
373,971 |
─ |
─ |
─ |
373,971 |
─ |
||||
Accounts payable |
196,168 |
6,448,043 |
5 |
7,624,719 |
7 |
(1,176,676) |
-15 |
||||
Current portion of long-term debt |
123,934 |
4,073,723 |
3 |
6,805,331 |
6 |
(2,731,608) |
-40 |
||||
Other current liability |
426,184 |
14,008,667 |
13 |
12,617,537 |
11 |
1,391,130 |
11 |
||||
Non-current Liabilities |
|||||||||||
Bonds payable |
382,311 |
12,566,577 |
11 |
─ |
─ |
12,566,577 |
─ |
||||
Long-term loans |
267,088 |
8,779,183 |
7 |
14,182,351 |
13 |
(5,403,168) |
-38 |
||||
Other liabilities |
43,172 |
1,419,040 |
1 |
1,362,088 |
1 |
56,952 |
4 |
||||
Total Liabilities |
1,535,234 |
50,463,154 |
42 |
45,177,726 |
40 |
5,285,428 |
12 |
||||
Stockholders' Equity |
|||||||||||
Capital stock |
948,087 |
31,163,611 |
26 |
31,163,611 |
27 |
─ |
─ |
||||
Capital reserve |
479,806 |
15,771,210 |
13 |
15,771,441 |
14 |
(231) |
─ |
||||
Legal reserve |
303,248 |
9,967,775 |
8 |
8,797,005 |
8 |
1,170,770 |
13 |
||||
Retained earnings |
308,281 |
10,133,190 |
9 |
8,663,479 |
8 |
1,469,711 |
17 |
||||
Other equity |
67,020 |
2,202,962 |
2 |
3,788,067 |
3 |
(1,585,105) |
-42 |
||||
Total Equity |
2,106,442 |
69,238,748 |
58 |
68,183,603 |
60 |
1,055,145 |
2 |
||||
Total Liabilities & Shareholders' Equity |
3,641,676 |
119,701,902 |
100 |
113,361,329 |
100 |
6,340,573 |
6 |
||||
Forex ( NT$ per US$ ) |
32.87 |
30.420 |
|||||||||
(1)All figures are under T-IFRS. |
|||||||||||
(2)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed balance sheets of Sept 30, 2014 have been updated accordingly. |
SILICONWARE PRECISION INDUSTRIES CO., LTD. |
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CONSOLIDATED INCOME STATEMENT (UNAUDITED) |
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(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD)) |
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3 months ended on Spet 30 |
Sequential Comparison |
||||||||||||||
Non-operating Items |
3Q2015 |
3Q 2014 |
YOY |
3Q 2015 |
2Q 2015 |
QOQ |
|||||||||
USD |
NTD |
% |
NTD |
change % |
NTD |
NTD |
change % |
||||||||
Revenues |
626,418 |
20,029,703 |
100.0 |
21,652,107 |
-7.5 |
20,029,703 |
21,240,037 |
-5.7 |
|||||||
Cost of Goods Sold |
(471,935) |
(15,090,116) |
-75.3 |
(16,100,965) |
-6.3 |
(15,090,116) |
(15,459,056) |
-2.4 |
|||||||
Gross Profit |
154,483 |
4,939,587 |
24.7 |
5,551,142 |
-11.0 |
4,939,587 |
5,780,981 |
-14.6 |
|||||||
Operating Expenses |
|||||||||||||||
Selling Expenses |
(7,620) |
(243,652) |
-1.2 |
(250,950) |
-2.9 |
(243,652) |
(259,626) |
-6.2 |
|||||||
Administrative Expenses |
(25,056) |
(801,151) |
-4.0 |
(708,279) |
13.1 |
(801,151) |
(941,586) |
-14.9 |
|||||||
Research and Development Expenses |
(30,209) |
(965,931) |
-4.9 |
(964,576) |
0.1 |
(965,931) |
(984,176) |
-1.9 |
|||||||
(62,885) |
(2,010,734) |
-10.1 |
(1,923,805) |
4.5 |
(2,010,734) |
(2,185,388) |
-8.0 |
||||||||
Operating Income |
91,598 |
2,928,853 |
14.6 |
3,627,337 |
-19.3 |
2,928,853 |
3,595,593 |
-18.5 |
|||||||
Non-operating Items |
3,812 |
121,878 |
0.6 |
341,007 |
-64.3 |
121,878 |
736,825 |
-83.5 |
|||||||
Income Before Income Tax |
95,410 |
3,050,731 |
15.2 |
3,968,344 |
-23.1 |
3,050,731 |
4,332,418 |
-29.6 |
|||||||
Income Tax Expenses |
(11,522) |
(368,427) |
-1.8 |
(708,168) |
-48.0 |
(368,427) |
(654,928) |
-43.7 |
|||||||
Net Income |
83,888 |
2,682,304 |
13.4 |
3,260,176 |
-17.7 |
2,682,304 |
3,677,490 |
-27.1 |
|||||||
Other comprehensive income |
|||||||||||||||
Exchange difference on translation of foreign financial statements |
8,099 |
258,970 |
180,012 |
(97,201) |
|||||||||||
Unrealized loss on available-for-sale financial assets |
(51,759) |
(1,655,007) |
(1,419,352) |
(1,364,486) |
|||||||||||
Income tax relating to items that may be reclassified to profits or loss |
949 |
30,363 |
120,186 |
20,610 |
|||||||||||
Total other comprehensive income |
(42,711) |
(1,365,674) |
(1,119,154) |
(1,441,077) |
|||||||||||
Total comprehensive income |
41,177 |
1,316,630 |
2,141,022 |
2,236,413 |
|||||||||||
Earnings Per Ordinary Share-Basic |
NT$ 0.86 |
NT$ 1.05 |
NT$ 1.18 |
||||||||||||
Earnings Per Ordinary Share- Diluted |
NT$ 0.86 |
NT$ 1.04 |
NT$ 0.93 |
||||||||||||
Earnings Per ADS- Diluted |
US$ 0.13 |
US$ 0.17 |
US$ 0.15 |
||||||||||||
Weighted Average Outstanding Shares - Diluted ('k) |
3,129,886 |
3,125,037 |
3,374,893 |
||||||||||||
Forex ( NT$ per US$ ) |
31.975 |
30.01 |
30.835 |
||||||||||||
(1) All figures are under TIFRS. |
|||||||||||||||
(2) 1 ADS is equivalent to 5 Common Shares. |
|||||||||||||||
(3)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Income Statement of Sept 30, 2014 have been updated accordingly. |
SILICONWARE PRECISION INDUSTRIES CO., LTD. |
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CONSOLIDATED INCOME STATEMENT (UNAUDITED) |
||||||||
For the nine Months Ended on Sept 30, 2015 and 2014 |
||||||||
(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD)) |
||||||||
9 months ended on Sept 30, 2015 and 2014 |
||||||||
2015 |
2014 |
YOY |
||||||
USD |
NTD |
% |
NTD |
Change % |
||||
Net Sales |
1,975,249 |
62,074,982 |
100.0 |
61,640,526 |
0.7 |
|||
Cost of Goods Sold |
(1,460,508) |
(45,907,965) |
-74.0 |
(46,425,302) |
-1.1 |
|||
Gross Profit |
514,741 |
16,167,017 |
26.0 |
15,215,224 |
6.3 |
|||
Operating Expenses |
||||||||
Selling expenses |
(23,921) |
(751,726) |
-1.2 |
(690,430) |
8.9 |
|||
Administrative expenses |
(81,604) |
(2,562,713) |
-4.1 |
(1,908,678) |
34.3 |
|||
Research and development expenses |
(90,957) |
(2,858,895) |
-4.6 |
(2,650,855) |
7.8 |
|||
(196,482) |
(6,173,334) |
-9.9 |
(5,249,963) |
17.6 |
||||
Operating Income |
318,259 |
9,993,683 |
16.1 |
9,965,261 |
0.3 |
|||
Non-operating Items |
13,271 |
403,618 |
0.6 |
619,130 |
-34.8 |
|||
Income Before Income Tax |
331,530 |
10,397,301 |
16.7 |
10,584,391 |
-1.8 |
|||
Income Tax Expenses |
(45,441) |
(1,423,007) |
-2.3 |
(1,855,247) |
-23.3 |
|||
Net Income |
286,089 |
8,974,294 |
14.4 |
8,729,144 |
2.8 |
|||
Other comprehensive income |
||||||||
Exchange difference on translation of foreign financial statements |
142 |
10,297 |
113,851 |
|||||
Unrealized gain(loss) on available-for-sale financial assets |
(81,054) |
(2,548,042) |
2,425,687 |
|||||
Income tax relating to items that may be reclassified to profits or loss |
1,425 |
44,909 |
63,577 |
|||||
Total other comprehensive income |
(79,487) |
(2,492,836) |
2,603,115 |
|||||
Total comprehensive income |
206,602 |
6,481,458 |
11,332,259 |
|||||
Earnings Per Ordinary Share- Basic |
NT$ 2.88 |
NT$ 2.80 |
||||||
Earnings Per Ordinary Share- Diluted |
NT$ 2.63 |
NT$ 2.78 |
||||||
Earnings Per ADS- Diluted |
US$ 0.42 |
US$ 0.46 |
||||||
Weighted Average Outstanding Shares - Diluted ('k) |
3,407,264 |
3,139,434 |
||||||
Forex ( NT$ per US$) |
31.362 |
30.11 |
||||||
(1)All figures are under TIFRS . |
||||||||
(2) 1 ADS is equivalent to 5 Common Shares. |
||||||||
(3)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Income Statement of Sept 30, 2014 have been updated accordingly. |
SILICONWARE PRECISION INDUSTRIES CO., LTD. |
||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) |
||||||
For 9 Months Ended on Sept 30, 2015 and 2014 |
||||||
(Expressed in Thousands of New Taiwan Dollars (NTD) and U.S. Dollars (USD)) |
||||||
9 months, 2015 |
9 months, 2014 |
|||||
USD |
NTD |
NTD |
||||
Cash Flows from Operating Activities: |
||||||
Net income before tax |
331,530 |
10,397,301 |
10,584,391 |
|||
Depreciation |
307,889 |
9,678,952 |
8,748,015 |
|||
Amortization |
14,818 |
465,771 |
441,642 |
|||
Change in working capital & others |
(38,399) |
(1,107,337) |
(2,969,588) |
|||
Net cash flows provided from operating activities |
615,838 |
19,434,687 |
16,804,460 |
|||
Cash Flows from Investing Activities: |
||||||
Acquisition of property, plant, and equipment |
(342,150) |
(10,785,106) |
(10,896,185) |
|||
Proceeds from disposal of available-for-sale financian assets |
─ |
─ |
674,622 |
|||
Proceeds from disposal of equipments |
3,159 |
99,610 |
293,058 |
|||
Increase of equity investment |
─ |
─ |
(63,818) |
|||
Payment for other changes |
(12,479) |
(392,060) |
(450,228) |
|||
Net cash used in investing activities |
(351,470) |
(11,077,556) |
(10,442,551) |
|||
Cash Flows from Financing Activities: |
||||||
Proceeds from long-term loans |
46,912 |
1,500,000 |
3,850,000 |
|||
Repayment of long-term loan |
(261,535) |
(8,235,833) |
(1,589,083) |
|||
Cash dividends distributed to shareholders |
(292,387) |
(9,349,083) |
(5,609,436) |
|||
Increase (decrease) in deposit-in |
(90) |
(2,305) |
114,399 |
|||
Net cash used in financing activities |
(507,100) |
(16,087,221) |
(3,234,120) |
|||
Foreign currency exchange effect |
319 |
12,006 |
35,560 |
|||
Net increase (decrease) in cash and cash equivalents |
(242,413) |
(7,718,084) |
3,163,349 |
|||
Cash and cash equivalents at beginning of period |
956,594 |
30,154,713 |
16,975,247 |
|||
Cash and cash equivalents at end of period |
714,181 |
22,436,629 |
20,138,596 |
|||
Forex ( NT$ per US$ ) |
31.362 |
30.11 |
||||
(1) All figures are under TIFRS. |
||||||
(2)Starting in 2015, SPIL prepares financial statements in accordance with 2013 IFRSs version endorsed by Taiwan. Under IFRS, the impact of newly effected GAAP shall be restroactively applied. The consolidated condensed Cash Flow Statement of Sept 30, 2014 have been updated accordingly. |
SOURCE Siliconware Precision Industries Co., Ltd.
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