On January 10, 2025, ASE Technology Holding Co Ltd (ASX, Financial) released its revised unaudited consolidated net revenues for December, the fourth quarter, and the full year of 2024. The company reported a year-over-year increase in net revenues, reflecting a positive growth trajectory in its financial performance.
Positive Highlights
- Year-over-year net revenue growth of 6.0% for December 2024, reaching NT$52,905 million.
- Fourth-quarter net revenues increased by 1.3% sequentially and 1.0% year-over-year, totaling NT$162,264 million.
- Full-year net revenues for 2024 rose by 2.3% compared to 2023, amounting to NT$595,410 million.
- ATM assembly, testing, and material business saw a significant year-over-year increase of 13.9% in December 2024.
Negative Highlights
- Sequential net revenue decrease of 0.1% from November to December 2024.
- Full-year net revenues in US dollars showed a slight decline of 0.5% compared to 2023.
Financial Analyst Perspective
ASE Technology Holding Co Ltd's financial results for 2024 indicate a robust year-over-year growth, particularly in the ATM segment, which experienced a notable increase. However, the slight sequential decline in December's net revenues suggests potential challenges in maintaining consistent monthly growth. The overall positive annual performance reflects the company's strategic positioning in the semiconductor industry, but the minor decline in US dollar terms highlights the impact of currency fluctuations.
Market Research Analyst Perspective
The reported financials of ASE Technology Holding Co Ltd demonstrate resilience in the semiconductor market, with significant growth in the ATM business. This growth aligns with the increasing demand for semiconductor packaging and testing services. The company's ability to achieve year-over-year revenue growth despite a competitive market environment underscores its strong market presence and operational efficiency. However, the sequential decline in December suggests the need for strategic adjustments to sustain momentum.
Frequently Asked Questions (FAQ)
Q: What was the year-over-year change in net revenues for December 2024?
A: The year-over-year change in net revenues for December 2024 was an increase of 6.0%.
Q: How did the ATM business perform in December 2024?
A: The ATM business saw a year-over-year increase of 13.9% in December 2024.
Q: What was the full-year net revenue growth for 2024?
A: The full-year net revenue growth for 2024 was 2.3% compared to 2023.
Q: Did the company experience any sequential revenue decline?
A: Yes, there was a sequential net revenue decline of 0.1% from November to December 2024.
Read the original press release here.
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