CHIPMOS TECHNOLOGIES INC. HSINCHU, Taiwan, Nov. 9, 2017 /PRNewswire-FirstCall/ --
Q3'17 Highlights (as compared to Q2'17):
-- Net Revenue at US$146.1 Million Compared to US$149.7 Million
-- Gross Profit of US$25.1 Million Compared to US$30.0 Million
-- Gross Margin at 17.2% Compared to 20.1%
-- Net Earnings of US$0.13 Per Diluted ADS Compared to US$0.25 Per Diluted
ADS; Net Earnings of US$0.01 Per Diluted Common Share Compared to
US$0.01 Per Diluted Common Share
-- For the first nine months of 2017, total revenue was NT$13,532.6 million
or US$446.2 million. Net earnings for the first nine months of 2017 were
NT$66.39 or US$2.19 per diluted ADS, with NT$3.32 or US$0.11 per diluted
common share in the same period.
-- Retained Balance of Cash and Cash Equivalents at US$285.8 Million, with
Net Debt Balance of US$94.4 Million
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported unaudited consolidated financial results for the third quarter ended September 30, 2017. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.33 against US$1.00 as of September 29, 2017.
All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards ("Taiwan-IFRS"). In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD. ("ChipMOS Shanghai") to Tsinghua Unigroup led investors ("Strategic Investors"). Under Taiwan-IFRS, starting in Q1 2017 the revenue generated by ChipMOS Shanghai is no longer included in the Company's consolidated revenue. The Company, however, recognizes 45.02% of the net income generated from ChipMOS Shanghai on an ongoing basis. Revenue from ChipMOS Shanghai has been excluded from all periods indicated.
Net revenue for the third quarter of 2017 was NT$4,431.1 million or US$146.1 million, a decrease of 2.4% from NT$4,541.2 million or US$149.7 million in the second quarter of 2017 and a decrease of 7.1% from NT$4,769.0 million or US$157.2 million for the same period in 2016.
Net earnings for the third quarter of 2017 was US$0.13 per diluted ADS, compared to US$0.25 per diluted ADS for the second quarter of 2017. Net income attributable to equity holders of the Company for the third quarter of 2017 was NT$162.0 million or US$5.3 million, and NT$0.19 or US$0.01 per basic common share and NT$0.19 or US$0.01 per diluted common share, as compared to net income attributable to equity holders of the Company for the second quarter of 2017 of NT$321.4 million or US$10.6 million, and NT$0.38 or US$0.01 per basic common share and NT$0.38 or US$0.01 per diluted common share, and compared to net income attributable to equity holders of the Company in the third quarter of 2016 of NT$255.1 million or US$8.4 million, and NT$0.30 or US$0.01 per basic common share and NT$0.29 or US$0.01 per diluted common share.
For the first nine months of 2017, total revenue was NT$13,532.6 million or US$446.2 million. Net earnings for the first nine months of 2017 were NT$66.39 or US$2.19 per diluted ADS, with NT$3.32 or US$0.11 per diluted common share in the same period.
S.J. Cheng, Chairman and President of ChipMOS, said, "The third quarter developed as expected and reflects the impact of a lower allocation from our largest DRAM customer, along with product mix changes in our Niche DRAM business. On the positive side, we continue to benefit from growth in DDIC demand, which is being led by further adoption of 4K2K/UHD TVs, and higher driver demand from smartphone customers. We expect this to be a multi-year demand catalyst due to the shift underway to 18 by 9 screen with narrow bezel or a full screen panel, along with higher demand for OLED, and TDDI. We expect to see a margin benefit as we capture our increased share of these opportunities due to the required longer test times. These models will use a more advanced driver solution with 12" fine pitch COF package, which we already have in volume production. As we move into 2018, we expect to also benefit from the increased adoption of optical sensors in the mobile market, where we are well positioned in the supply chain. We are also encouraged by strong demand for NOR Flash, in particular, wafer test services. As a result our NOR wafer test capacity remains fully utilized."
Silvia Su, Senior Director of Finance and Accounting, commented, "Our gross margin was impacted by several items in the third quarter, including, the lower allocation from our largest DRAM customer, production disruption and loss from Taiwan's massive August power outage. We reduced our short-term bank loans by about US$34.0 million. We also paid cash dividend of approximately US$28.2 million in the third quarter. We continue to execute on our core business, target sustainable higher margin growth opportunities, and prioritize capital expenditures in support of our long-term growth strategy."
Selected Operation Data
Q3'17 Q2'17
----- -----
Revenue by segment
Testing 26.6% 27.7%
Assembly 27.3% 32.3%
LCD Driver 27.2% 25.0%
Bumping 18.9% 15.0%
CapEx US$36.9 million US$46.0 million
Testing 17.3% 18.3%
Assembly 12.0% 13.4%
LCD Driver 63.1% 51.1%
Bumping 7.6% 17.2%
Depreciation and amortization
expenses US$24.5 million US$23.4 million
Utilization by segment
Testing 75% 82%
Assembly 63% 73%
LCD Driver 87% 87%
Bumping 77% 63%
Overall 76% 77%
Condensed consolidated
statements of cash flows Period ended Period ended
Sep. 30, 2017 Sep. 30, 2016
US$ million US$ million
----------- -----------
Net cash generated from (used
in) operating activities 115.1 80.0
Net cash generated from (used
in) investing activities (74.5) (107.4)
Net cash generated from (used
in) financing activities (3.9) 30.4
Net increase (decrease) in cash
and cash equivalents 36.7 3.0
Effect of exchange rate changes
on cash (0.5) (2.2)
Cash and cash equivalents at
beginning of period 249.6 399.9
Cash and cash equivalents at
end of period 285.8 400.7
Investor Conference Call / Webcast Details
ChipMOS will host two conference calls on Thursday, November 9, 2017 to discuss the Company's financial results for the third quarter of 2017.
1. Date: Thursday, November 9, 2017
Time: 4:00PM Taiwan (3:00AM New York)
Dial-In: +886-2-21928016
Password: 476667#
Replay Starting 2 Hours After Live Call Ends: www.chipmos.com.tw
Language: Mandarin
2. Date: Thursday, November 9, 2017
Time: 8:00PM Taiwan (7:00AM New York)
Dial-In: +1-201-689-8562
Password: 13672147
Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 13672147
Webcast of Live Call and Replay: www.chipmos.com
Language: English
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
About Non-Generally Accepted Accounting Principles ("Non-GAAP") Financial Measures
To supplement the consolidated financial results presented in accordance with the Taiwan-IFRS, ChipMOS uses non-GAAP free cash flow, non-GAAP earnings before interest, taxes, depreciation and amortization ("EBITDA") and non-GAAP net debt to equity ratio in this press release. The non-GAAP free cash flow represents operating profit plus depreciation, amortization and interest income and less capital expenditures, predecessors' interests, interest expenses, income tax expense and dividend. The non-GAAP EBITDA represents operating profit plus depreciation and amortization. The non-GAAP net debt to equity ratio represents the ratio of net debt, the sum of debt less cash and cash equivalent, divided by equity attributable to equity holders of the Company. These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently.
The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the Taiwan-IFRS.
ChipMOS considers the use of non-GAAP free cash flow, non-GAAP EBITDA and non-GAAP net debt to equity ratio provides useful information to management to manage the Company's business and make financial and operational decisions and also to the investors to understand and evaluate the Company's business and operating performance. For more information on these non-GAAP financial measures, please refer to the table captioned "Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures" in this press release.
- FINANCIAL TABLES FOLLOW BELOW -
ChipMOS TECHNOLOGIES INC.
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Three Months Ended Sep. 30, Jun. 30, 2017, and Sep. 30, 2016
Figures in Millions of U.S. dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding
Three months ended
------------------
Sep. 30,
2017 Jun. 30, Sep. 30,
2017 2016
----
USD USD USD
--- --- ---
Revenue(2) 146.1 149.7 157.2
Cost of revenue (121.0) (119.7) (125.3)
------ ------ ------
Gross profit 25.1 30.0 31.9
---- ---- ----
Research and development expenses (8.1) (8.1) (7.2)
Sales and marketing expenses (0.5) (0.4) (0.6)
General and administrative expenses (4.1) (7.8) (6.3)
Other operating income (expenses), net 0.9 1.1 0.6
--- --- ---
Operating profit 13.3 14.8 18.4
---- ---- ----
Non-operating income (expenses), net (3.8) (1.9) (8.3)
---- ---- ----
Profit (Loss) before tax 9.5 12.9 10.1
Income tax benefit (expense) (2.0) (2.3) (2.6)
---- ---- ----
Profit from continuing operations 7.5 10.6 7.5
Income (Loss) from discontinued operations (2.2) - (2.9)
---- --- ----
Profit (Loss) for the year 5.3 10.6 4.6
=== ==== ===
Attributable to:
Equity holders of the Company 7.5 10.6 11.3
- Continuing operations
- Discontinued operations (2.2) - (2.9)
Predecessors' interests under common control - - (3.8)
5.3 10.6 4.6
=== ==== ===
ChipMOS TECHNOLOGIES INC.
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)
For the Three Months Ended Sep. 30, Jun. 30, 2017, and Sep. 30, 2016
Figures in Millions of U.S. dollars (USD) (1)
Except for Per Share Amounts and Shares Outstanding
Three months ended
------------------
Sep. 30, Jun. 30, Sep. 30,
2017 2017 2016
---- ---- ----
USD USD USD
--- --- ---
Profit (Loss) for the period 5.3 10.6 4.6
Other comprehensive income (loss)
Exchange differences on translation of foreign operations 1.1 1.1 (2.9)
Total other comprehensive income (loss) 1.1 1.1 (2.9)
--- --- ----
Total comprehensive income (loss) 6.4 11.7 1.7
=== ==== ===
Attributable to:
Equity holders of the Company 6.4 11.7 11.1
- Continuing operations
- Discontinued operations - - (5.6)
Predecessors' interests under common control - - (3.8)
6.4 11.7 1.7
Profit (Loss) attributable to the Company - basic 5.3 10.6 8.4
Earnings (Loss) per share attributable to the Company - basic 0.01 0.01 0.01
Earnings (Loss) per ADS equivalent - basic 0.13 0.25 0.20
==== ==== ====
Weighted average shares outstanding (in thousands) - basic 846,840 845,206 851,980
======= ======= =======
Profit (Loss) attributable to the Company - diluted 5.3 10.6 8.4
=== ==== ===
Earnings (Loss) per share attributable to the Company - diluted 0.01 0.01 0.01
==== ==== ====
Earnings (Loss) per ADS equivalent - diluted 0.13 0.25 0.20
==== ==== ====
Weighted average shares outstanding (in thousands) - diluted 853,644 852,649 858,968
======= ======= =======
Note:
(1) All U.S. dollar figures in this release are based on the exchange rate of NT$30.33 against US$1.00 as of Sep. 29, 2017. The convenience translation should not be construed as
representations that the NT dollar amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate.
(2) In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned subsidiary ChipMOS Shanghai to Strategic Investors. Under Taiwan-IFRS,
starting in Q1 2017 the revenue generated by ChipMOS Shanghai is no longer included in the Company's consolidated revenue. The Company, however, recognizes 45.02% of the net income generated
from ChipMOS Shanghai on an ongoing basis.
ChipMOS TECHNOLOGIES INC.
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Three Months Ended Sep. 30, Jun. 30, 2017, and Sep. 30, 2016
Figures in Millions of NT dollars (NTD)
Except for Per Share Amounts and Shares Outstanding
Three months ended
------------------
Sep. 30, 2017 Jun. 30, 2017 Sep. 30, 2016
------------- ------------- -------------
NTD NTD NTD
--- --- ---
Revenue(1) 4,431.1 4,541.2 4,769.0
Cost of revenue (3,670.3) (3,630.8) (3,802.6)
-------- -------- --------
Gross profit 760.8 910.4 966.4
----- ----- -----
Research and development expenses (246.9) (244.6) (217.2)
Sales and marketing expenses (14.4) (13.2) (18.8)
General and administrative expenses (125.0) (235.7) (189.3)
Other operating income (expenses), net 27.7 31.7 17.4
---- ---- ----
Operating profit 402.2 448.6 558.5
----- ----- -----
Non-operating income (expenses), net (114.1) (56.4) (250.5)
------ ----- ------
Profit (Loss) before tax 288.1 392.2 308.0
Income tax benefit (expense) (60.9) (70.8) (80.3)
----- ----- -----
Profit from continuing operations 227.2 321.4 227.7
Income (Loss) from discontinued operations (65.2) - (88.1)
----- --- -----
Profit (Loss) for the year 162.0 321.4 139.6
===== ===== =====
Attributable to:
Equity holders of the Company 227.2 321.4 343.2
- Continuing operations
- Discontinued operations (65.2) - (88.1)
Predecessors' interests under common control - - (115.5)
162.0 321.4 139.6
===== ===== =====
ChipMOS TECHNOLOGIES INC.
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED)
For the Three Months Ended Sep. 30, Jun. 30, 2017, and Sep. 30, 2016
Figures in Millions of NT dollars (NTD)
Except for Per Share Amounts and Shares Outstanding
Three months ended
------------------
Sep. 30, Jun. 30, Sep. 30,
2017 2017 2016
---- ---- ----
NTD NTD NTD
--- --- ---
Profit (Loss) for the period 162.0 321.4 139.6
Other comprehensive income (loss)
Exchange differences on translation of foreign operations 32.8 33.1 (87.3)
Total other comprehensive income (loss) 32.8 33.1 (87.3)
---- ---- -----
Total comprehensive income (loss) 194.8 354.5 52.3
===== ===== ====
Attributable to:
Equity holders of the Company 194.8 354.5 336.3
- Continuing operations
- Discontinued operations - - (168.5)
Predecessors' interests under common control - - (115.5)
194.8 354.5 52.3
Profit (Loss) attributable to the Company - basic 162.0 321.4 255.1
Earnings (Loss) per share attributable to the Company - basic 0.19 0.38 0.30
Earnings (Loss) per ADS equivalent - basic 3.83 7.61 5.99
==== ==== ====
Weighted average shares outstanding (in thousands) - basic 846,840 845,206 851,980
======= ======= =======
Profit (Loss) attributable to the Company - diluted 162.0 321.4 255.1
===== ===== =====
Earnings (Loss) per share attributable to the Company - diluted 0.19 0.38 0.29
==== ==== ====
Earnings (Loss) per ADS equivalent - diluted 3.80 7.54 5.94
==== ==== ====
Weighted average shares outstanding (in thousands) - diluted 853,644 852,649 858,968
======= ======= =======
Note:
(1) In March 2017, the Company completed the sale and transfer of 54.98% equity interests of its former wholly-owned subsidiary ChipMOS Shanghai to Strategic Investors. Under Taiwan-IFRS,
starting in Q1 2017 the revenue generated by ChipMOS Shanghai is no longer included in the Company's consolidated revenue. The Company, however, recognizes 45.02% of the net income generated
from ChipMOS Shanghai on an ongoing basis.
ChipMOS TECHNOLOGIES INC.
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
As of Sep. 30, Jun. 30, 2017, and Sep. 30, 2016
Figures in Millions of U.S. dollars (USD) (1)
Sep. 30, 2017 Jun. 30, 2017 Sep. 30, 2016
-------------
ASSETS USD USD USD
------ --- --- ---
Current assets
Cash and cash equivalents 285.8 365.3 400.7
Accounts and notes receivable, net 133.2 116.6 138.2
Inventories 63.0 63.7 73.5
Other current financial assets 2.3 2.3 2.2
Other current assets 12.0 9.7 15.6
Total current assets 496.3 557.6 630.2
----- ----- -----
Non-current assets
Non-current financial assets carried at cost 0.7 0.7 0.3
Investments accounted for using equity method 114.1 115.6 11.9
Property, plant & equipment 494.3 482.0 495.6
Other non-current assets 9.4 9.2 11.5
--- --- ----
Total non-current assets 618.5 607.5 519.3
----- ----- -----
Total assets 1,114.8 1,165.1 1,149.5
======= ======= =======
LIABILITIES AND EQUITY
----------------------
LIABILITIES
-----------
Current liabilities
Short-term bank loans 25.8 59.8 43.4
Accounts payable and payables 50.0 49.3 53.8
to contractors and equipment suppliers
Long-term bank loans, current portion 70.6 70.6 -
Long-term lease obligations payable, current portion 0.4 0.4 -
Other current liabilities 61.8 86.5 99.4
Total current liabilities 208.6 266.6 196.6
----- ----- -----
Non-current liabilities
Long-term bank loans 282.7 282.6 272.7
Long-term lease obligations payable 0.7 0.8 -
Other non-current liabilities 23.8 23.5 19.6
---- ---- ----
Total non-current liabilities 307.2 306.9 292.3
----- ----- -----
Total liabilities 515.8 573.5 488.9
----- ----- -----
EQUITY
------
Capital stock - common stock 292.2 292.4 295.7
Capital surplus 207.5 207.5 125.1
Retained earnings 133.0 127.6 194.5
Other equity interest (0.5) (2.7) (11.5)
Treasury stock (33.2) (33.2) (33.2)
----- ----- -----
Equity attributable to equity holders of the Company 599.0 591.6 570.6
Predecessors' interests under common control - - 90.0
--- --- ----
Total equity 599.0 591.6 660.6
----- ----- -----
Total liabilities and equity 1,114.8 1,165.1 1,149.5
======= ======= =======
Note:
(1) All U.S. dollar figures in this release are based on the exchange rate of NT$30.33 against US$1.00 as of
Sep. 29, 2017. The convenience translation should not be construed as representations that the NT dollar
amounts have been, or could be in the future be, converted into US dollars at this or any other exchange rate.
ChipMOS TECHNOLOGIES INC.
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
As of Sep. 30, Jun. 30, 2017, and Sep. 30, 2016
Figures in Millions of NT dollars (NTD)
Sep. 30, 2017 Jun. 30, 2017 Sep. 30, 2016
-------------
ASSETS NTD NTD NTD
------ --- --- ---
Current assets
Cash and cash equivalents 8,666.9 11,078.3 12,152.9
Accounts and notes receivable, net 4,038.7 3,536.1 4,191.7
Inventories 1,911.2 1,931.5 2,229.7
Other current financial assets 70.7 70.7 66.6
Other current assets 364.2 293.7 471.3
----- ----- -----
Total current assets 15,051.7 16,910.3 19,112.2
-------- -------- --------
Non-current assets
Non-current financial assets carried at cost 20.9 20.9 10.0
Investments accounted for using equity method 3,461.8 3,506.0 362.2
Property, plant & equipment 14,992.3 14,619.8 15,030.0
Other non-current assets 284.1 280.4 349.5
----- ----- -----
Total non-current assets 18,759.1 18,427.1 15,751.7
-------- -------- --------
Total assets 33,810.8 35,337.4 34,863.9
======== ======== ========
LIABILITIES AND EQUITY
----------------------
LIABILITIES
-----------
Current liabilities
Short-term bank loans 783.8 1,814.7 1,315.0
Accounts payable and payables to contractors and
equipment suppliers 1,515.8 1,494.5 1,632.5
Long-term bank loans, current portion 2,142.6 2,142.0 1.0
Long-term lease obligations payable, current portion 11.6 11.4 -
Other current liabilities 1,873.4 2,624.8 3,016.0
Total current liabilities 6,327.2 8,087.4 5,964.5
------- ------- -------
Non-current liabilities
Long-term bank loans 8,574.5 8,571.1 8,270.5
Long-term lease obligations payable 21.1 24.1 -
Other non-current liabilities 720.5 712.7 593.7
----- ----- -----
Total non-current liabilities 9,316.1 9,307.9 8,864.2
------- ------- -------
Total liabilities 15,643.3 17,395.3 14,828.7
-------- -------- --------
EQUITY
------
Capital stock - common stock 8,864.1 8,866.8 8,968.0
Capital surplus 6,292.6 6,293.8 3,793.7
Retained earnings 4,032.4 3,870.0 5,899.1
Other equity interest (14.0) (80.9) (348.8)
Treasury stock (1,007.6) (1,007.6) (1,007.6)
-------- -------- --------
Equity attributable to equity holders of the Company 18,167.5 17,942.1 17,304.4
Predecessors' interests under common control - - 2,730.8
--- --- -------
Total equity 18,167.5 17,942.1 20,035.2
-------- -------- --------
Total liabilities and equity 33,810.8 35,337.4 34,863.9
======== ======== ========
RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES
(Figures in Millions of U.S. dollars (USD))
The table below sets forth a reconciliation of our operating profit to non-GAAP free cash flow for the periods indicated:
Three months ended
------------------
Sep. 30, 2017 Jun. 30, 2017 Sep. 30, 2016
------------- ------------- -------------
USD USD USD
--- --- ---
Operating profit 13.3 14.8 18.4
Add: Depreciation 24.5 23.4 26.6
Amortization - - -
Interest income 0.4 0.5 0.2
Less: Capital
expenditures (36.9) (46.0) (32.3)
Predecessors' interests under common
control
- - 3.8
Interest expense (1.6) (1.6) (1.3)
Income tax expense (2.0) (2.3) (2.6)
Dividend (28.2) - -
----- --- ---
Non-GAAP free cash
flow (30.5) (11.2) 12.8
===== ===== ====
The table below sets forth a reconciliation of our operating profit to non-GAAP EBITDA for the periods
indicated:
Three months ended
------------------
Sep. 30, 2017 Jun. 30, 2017 Sep. 30, 2016
------------- ------------- -------------
USD USD USD
--- --- ---
Operating profit 13.3 14.8 18.4
Add: Depreciation 24.5 23.4 26.6
Amortization - - -
--- --- ---
Non-GAAP EBITDA 37.8 38.2 45.0
==== ==== ====
The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods indicated:
Sep. 30, 2017 Jun. 30, 2017 Sep. 30, 2016
------------- ------------- -------------
USD USD USD
--- --- ---
Short-term bank
loans 25.8 59.8 43.4
Long-term bank loans 353.3 353.2 272.7
(including current portion)
Long-term lease
obligations payable 1.1 1.2 -
(including current portion)
Less: Cash and cash
equivalents (285.8) (365.3) (400.7)
------ ------ ------
Net debt 94.4 48.9 (84.6)
---- ---- -----
Equity attributable
to equity holders
of the Company 599.0 591.6 570.6
----- ----- -----
Net debt to equity
ratio 15.8% 8.3% -14.8%
==== === =====
Contacts:
In Taiwan In the U.S.
Dr. G.S. Shen David Pasquale
ChipMOS TECHNOLOGIES INC. Global IR Partners
+886-3-5668877 +1-914-337-8801
g.s._shen@chipmos.com dpasquale@globalirpartners.com
--------------------- ------------------------------
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SOURCE ChipMOS TECHNOLOGIES INC.
