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ASE Technology Holding Company Financial Report 2024

ASE Technology Holding Co., Ltd., a leading player in semiconductor assembly and testing services, disclosed its unaudited consolidated financial results for both the fourth quarter and the entire year of 2024. The company reported net revenues of NT$162.26 billion for the fourth quarter, representing a modest 1.0% growth compared to the same period in the previous year, alongside a 1.3% sequential increase from the previous quarter. However, net income attributable to shareholders showed a decline, totaling NT$9.31 billion for Q4 2024, down from NT$9.39 billion in Q4 2023, and also lower than the NT$9.73 billion reported in Q3 2024.

For the entire year, ASE Technology's net revenues reached NT$595.41 billion, reflecting a 2.3% increase from 2023. Meanwhile, net income attributable to shareholders grew to NT$32.48 billion from the previous year's NT$31.73 billion. Basic earnings per share for the year stood at NT$7.52.

Fourth Quarter Highlights

In the fourth quarter, ASE reported that packaging operations accounted for approximately 43% of its total net revenues, followed by EMS (Electronic Manufacturing Services) at 46%. The cost of revenues for the quarter rose to NT$135.63 billion, with raw materials constituting 52% of total revenues. The company managed a gross margin of 16.4%, slightly down from 16.5% in the third quarter of the year.

Operating income for Q4 2024 was recorded at NT$11.21 billion, leading to an operating margin of 6.9%. Non-operating items included a net foreign exchange loss attributed to the U.S. dollar's appreciation against the New Taiwan dollar, affecting the results. The company reported an income before tax of NT$11.44 billion for the quarter.

Year-End Summary

Examining the full-year performance, ASE's growth trajectory was evident across its various operational segments. The company highlighted strong demand from the semiconductor market, resulting in increased revenues from both packaging and testing services. The operational highlights of the year include improvements in gross margins and effective management of costs despite market fluctuations.

Overall, ASE Technology continues to demonstrate resilience and adaptability in a highly competitive industry, reaffirming its position as a leader in semiconductor manufacturing services.

ASE’s leadership underscored their commitment to innovating technologies and expanding their global reach across multiple regions including Taiwan, China, the U.S., and Europe. With ongoing projects aimed at enhancing operational efficiencies and product offerings, the company is optimistic about its financial outlook in the coming years.

For more information about ASE Technology Holding Co., Ltd., visit ASE Global.