ASE Investment Holdings (3711) announced a downward revision of annual capital expenditure by 10%.

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[Reporter Hong Youfang / Hsinchu Report] ASE Investment Control (3711), the leading packaging and testing factory, will hold an online legal meeting today (27th). Gross profit margin declined due to the cooling utilization rate, and the annual capital expenditure will be revised down by 10%.

The annual revenue next year is expected to be the same as this year, and the revenue in the first quarter is estimated to decrease by 5% to 10% quarterly, which is expected to outperform the overall industry performance.

ASE’s capital expenditure in the first three quarters of this year reached US$1.328 billion; it is estimated that the annual capital expenditure will be revised down by 10%, which will reach US$1.8 billion, which is similar to last year.

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Looking forward to the fourth quarter, ASE Investment Control expects that the fourth quarter of the package and testing business will be slightly lower than the level of the second quarter of this year, and the gross profit margin will be slightly lower than that of the second quarter of this year, based on the assumption that the exchange rate of USD/NTD is 31.8 yuan. 1 quarter; the business volume of electronic foundry services in the fourth quarter will be slightly higher than the level in the third quarter of this year, and the operating profit rate will be close to the level of the same period last year.

The legal person is expected to benefit from the continued momentum of Apple's purchase of goods this season. ASE Investment Control's single-quarter consolidated revenue in the fourth quarter is about the same as the previous quarter to a slight quarterly decrease, and the gross profit margin has declined due to the cooling of the utilization rate.

Looking forward to next year, Dong Hongsi, Chief Financial Officer of ASE Investment Holdings, said that although there are still many variables, from the perspective of customer demand forecast, the annual revenue of next year is expected to be the same as this year. The first quarter is based on the traditional off-season of previous years. A reduction of 5% to 10% is expected to outperform the overall industry performance.

Dong Hongsi also believes that the inventory adjustment of the semiconductor industry will continue into the first half of next year, and the automotive and Netcom applications will be better than other applications.

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