SILICONWARE PRECISION INDUSTRIES CO, LTD No.45, Jieh Show Rd.
Hsinchu Science Park, Hsinchu Taiwan, 30056 www.spil.com.tw
Janet Chen, IR Director janet@spil.com.tw
+886-3-5795678#3675
Mike Ma, Spokesperson mikema@spil.com.tw
+886-4-25341525#7890
Taichung, Taiwan, Oct 27, 2015─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 was NT$ 0.86, and diluted earnings per ADS was US$ 0.13 for this quarter.
All figures were prepared in accordance with T-IFRS on a consolidated basis.
For the third quarter of 2015, net revenues from IC packaging were NT$ 17,744 million and represented 89% of total net revenues. Net revenues from testing operations were NT$ 2,286 million and represented 11% of total net revenues.
Cost of goods sold was NT$ 15,090 million, representing a decrease of 2.4% compared to the second quarter of 2015 and a decrease of 6.3% compared to the third quarter of 2014.
Raw materials costs were NT$ 6,150 million for the third quarter of 2015 and represented 30.7% of total net revenues, whereas raw materials costs were
NT$ 6,704 million and represented 31.6% of total net revenues for the second quarter of 2015.
The accrued expenses of bonuses to employees accounted for under cost of goods sold totaled NT$ 360 million.
Gross profit was NT$ 4,940 million for the third quarter of 2015, representing a gross margin of 24.7%, which decreased from a gross margin of 27.2% for the second quarter of 2015 and was down from 25.6% for the third quarter of 2014.
Total operating expenses for the third quarter of 2015 were NT$ 2,011 million, which included selling expenses of NT$ 244 million, administrative expenses of NT$ 801 million and R&D expenses of NT$ 966 million. Total operating expenses represented 10.1% of total net revenues for the third quarter of 2015.
The accrued expenses of bonuses to employees, directors accounted for under operating expenses totaled NT$ 205 million.
Operating income was NT$ 2,929 million for the third quarter of 2015, representing an operating margin of 14.6%, which decreased from 16.9% for the second quarter of 2015 and decreased from 16.7% for the third quarter of 2014.
Non-operating items:
Our non-operating income was NT$ 547 million, including net income of NT$ 478 million on fair value change of financial liabilities at fair value through profit or loss.
Net income before tax was NT$ 3,051 million for the third quarter of 2015, which decreased from a net income before tax of NT$ 4,332 million for the second quarter of 2015 and decreased from a net income before tax of NT$ 3,968 million for the third quarter of 2014.
Income tax expense was NT$ 369 million for the third quarter of 2015, compared with income tax expense of NT$ 655 million for the second quarter of 2015 and income tax expense of NT$ 708 million for the third quarter of 2014.
Net income was NT$ 2,682 million for the third quarter of 2015, which decreased from a net income of NT$ 3,677 million for the second quarter of 2015 and decreased from a net income of NT$ 3,260 million for the third quarter of 2014.
Total number of shares outstanding was 3,129 million shares as of Sept 30, 2015. Diluted earnings per ordinary share was NT$ 0.86, and diluted earnings per ADS was US$ 0.13.
Capital expenditure and balance sheet highlight:Our cash balances totaled NT$ 22,437 million as of Sept 30, 2015 from NT$ 28,103 million as of Jun 30, 2015, and NT$ 20,139 million as of Sept 30, 2014.
Capital expenditures for the third quarter of 2015 totaled NT$ 4,425 million, which included NT$ 4,022 million for packaging equipment and NT$ 403 million for testing equipment.
Total depreciation expenses for the third quarter of 2015 totaled NT$ 3,228 million, which included NT$ 2,397 million was from packaging operations and NT$ 831 million from testing operations.
Net revenues from IC packaging operations were NT$ 17,744 million for the third quarter of 2015, which represented a decrease of NT$ 982 million or 5.2% compared to the second quarter of 2015.
Substrate-based packaging, leadframe-based packaging and wafer bumping & Flip Chip accounted for 27%, 18% and 44%, respectively, of total net revenues for the third quarter of 2015.
Capital expenditures for IC packaging operations totaled NT$ 4,022 million for the third quarter of 2015, which included NT$ 2,141 million for packaging and building construction and NT$ 1,881 million for wafer bumping operations.
As of Sept 30, 2015 we had 7,348 wirebonders installed, of which 27 were disposed in the third quarter of 2015.
IC testing service:Net revenues from testing operations were NT$ 2,286 million for the third quarter of 2015, which represented a decrease of NT$ 228 million or 9.1% compared to the second quarter of 2015.
Capital expenditures for testing operations totaled NT$ 403 million for the third quarter of 2015.
As of Sept 30, 2015 we had 543 testers installed, of which 4 were added the third quarter of 2015.
Breakdown by end applications:
By application | 3Q15 | 2Q15 |
Communication | 64% | 66% |
Computing | 10% | 10% |
Consumer | 22% | 21% |
Memory | 4% | 3% |
Breakdown by packaging type:
By packaging type | 3Q15 | 2Q15 |
Bumping & Flip Chip | 44% | 45% |
Substrate Based | 27% | 25% |
Leadframe Based | 18% | 18% |
Testing | 11% | 12% |
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