ChipMOS REPORTS FOURTH QUARTER AND FULL YEAR 2016 RESULTS
HSINCHU,
Full Year 2016 Highlights (as compared to the Full Year 2015):
- Net Revenue of
US$567.5 Million Compared toUS$581.4 Million . - Gross Profit of
US$112.4 Million Compared toUS$128.1 Million . - Gross Margin of 19.8% Compared to 22.0%.
- Net Earnings of
US$0.06 Per Basic Common Share andUS$0.05 Per Diluted Common Share Compared toUS$0.08 Per Basic Common Share andUS$0.08 Per Diluted Common Share. - Generated
US$109.5 Million Cash from Operations in 2016. - Ended 2016 with Cash and Cash Equivalents Balance of
US$233.7 Million After DistributingUS$101.7 Million to Shareholders as Cash Consideration for the Merger of ChipMOS Taiwan and ChipMOS Bermuda in October; Distributing a Cash Dividend ofUS$55.3 Million to Shareholders; RepurchasingUS$31.1 Million in Shares; and InvestingUS$96.4 Million in CapEx in 2016. - Reached China Joint-Venture Agreement with Strategic Investors Led By Tsinghua Unigroup.
All the figures were prepared in accordance with International Financial Reporting Standards as endorsed by the
On
Net revenue for the fourth quarter of 2016 was
Net revenue for the fiscal year ended
Selected Operations Data |
|||
4Q16 |
4Q15 |
FY16 | |
Revenue by segment |
|||
Testing |
27% |
25% |
25% |
Assembly |
32% |
29% |
32% |
LCD Driver |
24% |
30% |
27% |
Bumping |
17% |
16% |
16% |
Utilization by segment |
|||
Testing |
81% |
62% |
70% |
Assembly |
67% |
61% |
64% |
LCD Driver |
79% |
75% |
77% |
Bumping |
68% |
63% |
68% |
Overall |
74% |
66% |
70% |
CapEx |
|
|
|
Testing |
21% |
10% |
25% |
Assembly |
24% |
22% |
18% |
LCD Driver |
13% |
49% |
29% |
Bumping |
42% |
19% |
28% |
Depreciation and amortization expenses |
|
|
|
Condensed consolidated statements of cash flows |
Year ended |
Year ended | ||
US$ million |
US$ million | |||
Net cash generated from (used in) operating activities |
109.5 |
166.5 | ||
Net cash generated from (used in) investing activities |
(148.3) |
(139.0) | ||
Net cash generated from (used in) financing activities |
(99.5) |
(124.3) | ||
Net increase (decrease) in cash and cash equivalents |
(138.3) |
(96.8) | ||
Effect of exchange rate changes on cash |
(2.3) |
(0.0) | ||
Cash and cash equivalents at beginning of period |
374.3 |
471.1 | ||
Cash and cash equivalents at end of period |
233.7 |
374.3 |
First Quarter 2017 Outlook
The Company expects revenue for the first quarter of 2017 to be approximately 4% to 8% lower, as compared to the fourth quarter of 2016 reflecting traditional seasonality and fewer working days in the quarter due to
Investor Conference Call / Webcast Details
- Date:
Thursday, March 9, 2017
Time: 4:00PMTaiwan (3:00AM New York )
Dial-In: +886-2-21928016
Password: 691896 #
Replay Starting 2 Hours After Live Call Ends: www.chipmos.com
Language: Mandarin - Date:
Thursday, March 9, 2017
Time: 8:00PMTaiwan (7:00AM New York )
Dial-In: +1-201-689-8562
Password: 1365 6296
Replay Starting 2 Hours After Live Call Ends: +1-412-317-6671, with ID 1365 6296
Webcast of Live Call and Replay: www.chipmos.com
Language: English
About
Forward-Looking Statements
This press release contains 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 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. These risks and uncertainties include those discussed under "Cautionary Statement Concerning Forward Looking Statements" and "Risk Factors" in the
prospectus included in the registration statement on Form F-4 that
About Non-Generally Accepted Accounting Principles ("Non-GAAP") Financial Measures
To supplement the consolidated financial results presented in accordance with the T-IFRS,
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 T-IFRS.
- FINANCIAL TABLES FOLLOW BELOW -
|
||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME |
||||||||
For the Three Months and the Year Ended |
||||||||
Figures in Million of |
||||||||
Except for Per Share Amounts and Weighted Average Shares Outstanding |
||||||||
3 months ended |
Year ended | |||||||
|
|
|
| |||||
USD |
USD |
USD |
USD | |||||
Revenue |
144.0 |
138.2 |
567.5 |
581.4 | ||||
Cost of revenue |
(114.4) |
(110.4) |
(455.1) |
(453.3) | ||||
Gross profit |
29.6 |
27.8 |
112.4 |
128.1 | ||||
Research and development expenses |
(6.3) |
(6.8) |
(25.9) |
(23.1) | ||||
Sales and marketing expenses |
(0.5) |
(0.6) |
(2.3) |
(2.8) | ||||
Administrative and general expenses |
(7.2) |
(7.6) |
(25.4) |
(23.8) | ||||
Other operating income (expenses), net |
0.1 |
1.8 |
2.9 |
3.3 | ||||
Operating profit |
15.7 |
14.6 |
61.7 |
81.7 | ||||
Non-operating income (expenses), net |
5.5 |
(0.3) |
(9.2) |
6.1 | ||||
Profit (Loss) before tax |
21.2 |
14.3 |
52.5 |
87.8 | ||||
Income tax benefit (expense) |
3.7 |
(3.0) |
(10.9) |
(25.8) | ||||
Profit from continuing operations |
24.9 |
11.3 |
41.6 |
62.0 | ||||
Income (Loss) from discontinued operations |
(0.6) |
0.0 |
(3.8) |
(1.0) | ||||
Profit (Loss) for the year |
24.3 |
11.3 |
37.8 |
61.0 | ||||
Attributable to: |
||||||||
Equity holders of the Company -- continuing operations |
19.5 |
13.5 |
51.1 |
69.9 | ||||
Equity holders of the Company -- discontinued operations |
(0.6) |
0.0 |
(3.8) |
(1.0) | ||||
Predecessors' interests under common control |
5.4 |
(2.2) |
(9.5) |
(9.0) | ||||
Non-controlling interests |
- |
- |
- |
1.1 | ||||
24.3 |
11.3 |
37.8 |
61.0 | |||||
|
||||||||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED) |
||||||||||
For the Three Months and the Year Ended |
||||||||||
Figures in Million of |
||||||||||
Except for Per Share Amounts and Weighted Average Shares Outstanding |
||||||||||
3 months ended |
Year ended | |||||||||
|
|
|
| |||||||
USD |
USD |
USD |
USD | |||||||
Profit (Loss) for the year |
||||||||||
Other comprehensive income (loss) |
||||||||||
Exchange differences on translation of foreign operations |
(1.1) |
(1.6) |
(6.2) |
(0.4) |
||||||
Net actuarial losses |
(1.3) |
(1.3) |
(1.3) |
(1.3) |
||||||
Income tax effect |
0.2 |
0.2 |
0.2 |
0.2 |
||||||
Total other comprehensive income (loss) |
(2.2) |
(2.7) |
(7.3) |
(1.5) |
||||||
Total comprehensive income (loss) |
22.1 |
8.6 |
30.5 |
59.5 |
||||||
Attributable to: |
||||||||||
Equity holders of the Company -- continuing operations |
18.6 |
12.4 |
49.8 |
70.0 |
||||||
Equity holders of the Company -- discontinued operations |
(1.9) |
(1.6) |
(9.8) |
(1.9) |
||||||
Predecessors' interests under common control |
5.4 |
(2.2) |
(9.5) |
(9.0) |
||||||
Non-controlling interests |
- |
- |
- |
0.4 |
||||||
22.1 |
8.6 |
30.5 |
59.5 |
|||||||
Earnings (Loss) per share attributable to the Company - basic |
0.02 |
0.02 |
0.06 |
0.08 |
||||||
Earnings (Loss) per ADS equivalent -- basic |
0.45 |
0.31 |
1.10 |
1.57 |
||||||
Weighted average shares outstanding (in thousands) - basic |
848,233 |
880,552 |
859,644 |
877,402 |
||||||
Profit (Loss) attributable to the Company - diluted |
18.9 |
13.5 |
47.3 |
68.9 |
||||||
Earnings (Loss) per share attributable to the Company - diluted |
0.02 |
0.02 |
0.05 |
0.08 |
||||||
Earnings (Loss) per ADS equivalent - diluted |
0.44 |
0.31 |
1.09 |
1.55 |
||||||
Weighted average shares outstanding (in thousands) - diluted |
852,528 |
881,066 |
866,801 |
888,296 |
||||||
Note: (1) All |
||||||||||
| |||||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||||
For the Three Months and the Year Ended | |||||||
Figures in Million of NT dollars (NTD) | |||||||
Except for Per Share Amounts and Shares Outstanding | |||||||
3 months ended |
Year ended | ||||||
|
|
|
| ||||
NTD |
NTD |
NTD |
NTD | ||||
Revenue |
4,667.1 |
4,477.3 |
18,387.6 |
18,837.1 | |||
Cost of revenue |
(3,705.5) |
(3,576.1) |
(14,745.5) |
(14,685.5) | |||
Gross profit |
961.6 |
901.2 |
3,642.1 |
4,151.6 | |||
Research and development expenses |
(203.3) |
(219.6) |
(838.9) |
(747.8) | |||
Sales and marketing expenses |
(17.7) |
(19.6) |
(72.9) |
(90.4) | |||
Administrative and general expenses |
(233.5) |
(247.8) |
(822.0) |
(770.1) | |||
Other operating income (expenses), net |
3.3 |
59.9 |
90.3 |
105.1 | |||
Operating profit |
510.4 |
474.1 |
1,998.6 |
2,648.4 | |||
Non-operating income (expenses), net |
177.0 |
(11.2) |
(298.1) |
197.6 | |||
Profit (Loss) before tax |
687.4 |
462.9 |
1,700.5 |
2,846.0 | |||
Income tax benefit (expense) |
121.4 |
(97.0) |
(352.1) |
(835.7) | |||
Profit from continuing operations |
808.8 |
365.9 |
1,348.4 |
2,010.3 | |||
Income (Loss) from discontinued operations |
(20.4) |
(0.5) |
(122.1) |
(34.2) | |||
Profit (Loss) for the year |
788.4 |
365.4 |
1,226.3 |
1,976.1 | |||
Attributable to: |
|||||||
Equity holders of the Company -- continuing operations |
634.3 |
437.8 |
1,654.4 |
2,264.7 | |||
Equity holders of the Company -- discontinued operations |
(20.4) |
(0.5) |
(122.1) |
(34.2) | |||
Predecessors' interests under common control |
174.5 |
(71.9) |
(306.0) |
(291.4) | |||
Non-controlling interests |
- |
- |
- |
37.0 | |||
788.4 |
365.4 |
1,226.3 |
1,976.1 | ||||
| |||||||
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED) | |||||||
For the Three Months and the Year Ended | |||||||
Figures in Million of NT dollars (NTD) | |||||||
Except for Per Share Amounts and Shares Outstanding | |||||||
3 months ended |
Year ended | ||||||
|
|
|
| ||||
NTD |
NTD |
NTD |
NTD | ||||
Profit (Loss) for the year |
|||||||
Other comprehensive income (loss) |
|||||||
Exchange differences on translation of foreign operations |
(34.5) |
(52.1) |
(200.3) |
(12.4) | |||
Net actuarial losses |
(43.4) |
(41.8) |
(43.4) |
(41.8) | |||
Income tax effect |
7.4 |
7.1 |
7.3 |
7.0 | |||
Total other comprehensive income (loss) |
(70.5) |
(86.8) |
(236.4) |
(47.2) | |||
Total comprehensive income (loss) |
717.9 |
278.6 |
989.9 |
1,928.9 | |||
Attributable to: |
|||||||
Equity holders of the Company -- continuing operations |
605.0 |
402.7 |
1,614.0 |
2,267.4 | |||
Equity holders of the Company -- discontinued operations |
(61.6) |
(52.2) |
(318.1) |
(62.1) | |||
Predecessors' interest under common control |
174.5 |
(71.9) |
(306.0) |
(291.4) | |||
Non-controlling interests |
- |
- |
- |
15.0 | |||
717.9 |
278.6 |
989.9 |
1,928.9 | ||||
Earnings (Loss) per share attributable to the Company - basic |
0.72 |
0.50 |
1.78 |
2.54 | |||
Earnings (Loss) per ADS equivalent - basic |
14.47 |
9.93 |
35.65 |
50.84 | |||
Weighted average shares outstanding (in thousands) - basic |
848,233 |
880,552 |
859,644 |
877,402 | |||
Profit (Loss) attributable to the Company - diluted |
613.9 |
437.3 |
1,532.3 |
2,230.5 | |||
Earnings (Loss) per share attributable to the Company - diluted |
0.72 |
0.50 |
1.76 |
2.51 | |||
Earnings (Loss) per ADS equivalent - diluted |
14.40 |
9.93 |
35.36 |
50.22 | |||
Weighted average shares outstanding (in thousands) - diluted |
852,528 |
881,066 |
866,801 |
888,296 | |||
| |||||
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |||||
As of | |||||
Figures in Million of | |||||
|
|
| |||
ASSETS |
USD |
USD |
USD | ||
Current assets |
|||||
Cash and cash equivalents |
233.7 |
375.1 |
374.3 | ||
Accounts and notes receivable |
127.8 |
129.4 |
120.1 | ||
Inventories |
58.0 |
68.8 |
51.5 | ||
Non-current assets held for sale |
95.8 |
- |
- | ||
Short-term deposits |
2.2 |
2.1 |
2.6 | ||
Other current assets |
6.2 |
40.3 |
10.4 | ||
Total current assets |
523.7 |
615.7 |
558.9 | ||
Non-current assets |
|||||
Non-current financial assets carried at cost |
0.3 |
0.3 |
0.3 | ||
Investment accounted for using equity method |
11.4 |
11.2 |
10.7 | ||
Property, plant & equipment |
416.6 |
463.9 |
438.6 | ||
Other non-current assets |
13.9 |
10.7 |
10.6 | ||
Total non-current assets |
442.2 |
486.1 |
460.2 | ||
Total assets |
965.9 |
1,101.8 |
1,019.1 | ||
LIABILITIES AND EQUITY |
|||||
LIABILITIES |
|||||
Current liabilities |
|||||
Short-term bank loans |
- |
40.6 |
35.5 | ||
Accounts payable and payables to contractors and equipment suppliers |
42.5 |
50.4 |
38.0 | ||
Liabilities directly associated with non-current assets held for sale |
18.1 |
- |
- | ||
Bank loans -- current portion |
32.8 |
- |
47.8 | ||
Current portion of lease payable |
0.3 |
- |
- | ||
Other current liabilities |
50.2 |
118.8 |
69.7 | ||
Total current liabilities |
143.9 |
209.8 |
191.0 | ||
Non-current liabilities |
|||||
Bank loans -- non-current portion |
299.0 |
255.3 |
153.9 | ||
Long-term lease payable |
0.9 |
- |
- | ||
Other non-current liabilities |
19.8 |
18.3 |
18.8 | ||
Total non-current liabilities |
319.7 |
273.6 |
172.7 | ||
Total liabilities |
463.6 |
483.4 |
363.7 | ||
EQUITY |
|||||
Issued capital |
273.8 |
276.8 |
276.6 | ||
Capital surplus |
212.6 |
117.1 |
115.9 | ||
Retained earnings |
44.0 |
182.1 |
209.1 | ||
Other component of equity |
3.0 |
(10.8) |
(11.9) | ||
|
(31.1) |
(31.1) |
- | ||
Equity attributable to equity holders of the Company |
502.3 |
534.1 |
589.7 | ||
Predecessors' interests under common control |
- |
84.3 |
65.7 | ||
Total equity |
502.3 |
618.4 |
655.4 | ||
Total liabilities and equity |
965.9 |
1,101.8 |
1,019.1 | ||
Note: (1) All |
| |||||
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | |||||
As of | |||||
Figures in Million of NT dollars (NTD) | |||||
|
|
| |||
ASSETS |
NTD |
NTD |
NTD | ||
Current assets |
|||||
Cash and cash equivalents |
7,571.4 |
12,152.9 |
12,127.4 | ||
Accounts and notes receivable |
4,140.2 |
4,191.7 |
3,890.5 | ||
Inventories |
1,878.0 |
2,229.7 |
1,667.7 | ||
Non-current assets held for sale |
3,105.1 |
- |
- | ||
Short-term deposits |
72.3 |
66.6 |
85.2 | ||
Other current assets |
199.7 |
1,306.6 |
337.6 | ||
Total current assets |
16,966.7 |
19,947.5 |
18,108.4 | ||
Non-current assets |
|||||
Non-current financial assets carried at cost |
10.0 |
10.0 |
10.0 | ||
Investment accounted for using equity method |
369.3 |
362.2 |
346.3 | ||
Property, plant & equipment |
13,497.2 |
15,030.0 |
14,211.6 | ||
Other non-current assets |
452.8 |
349.5 |
341.6 | ||
Total non-current assets |
14,329.3 |
15,751.7 |
14,909.5 | ||
Total assets |
31,296.0 |
35,699.2 |
33,017.9 | ||
LIABILITIES AND EQUITY |
|||||
LIABILITIES |
|||||
Current liabilities |
|||||
Short-term bank loans |
- |
1,315.0 |
1,148.9 | ||
Accounts payable and payables to contractors and equipment suppliers |
1,375.4 |
1,632.5 |
1,232.5 | ||
Liabilities directly associated with non-current assets held for sale |
587.6 |
- |
- | ||
Bank loans -- current portion |
1,062.3 |
1.0 |
1,548.7 | ||
Current portion of lease payable |
11.3 |
- |
- | ||
Other current liabilities |
1,627.9 |
3,851.3 |
2,256.1 | ||
Total current liabilities |
4,664.5 |
6,799.8 |
6,186.2 | ||
Non-current liabilities |
|||||
Bank loans -- non-current portion |
9,687.7 |
8,270.5 |
4,985.8 | ||
Long-term lease payable |
29.3 |
- |
- | ||
Other non-current liabilities |
641.0 |
593.7 |
610.7 | ||
Total non-current liabilities |
10,358.0 |
8,864.2 |
5,596.5 | ||
Total liabilities |
15,022.5 |
15,664.0 |
11,782.7 | ||
EQUITY |
|||||
Issued capital |
8,869.7 |
8,968.0 |
8,962.1 | ||
Capital surplus |
6,888.8 |
3,793.7 |
3,755.8 | ||
Retained earnings |
1,424.6 |
5,899.1 |
6,773.4 | ||
Other component of equity |
98.0 |
(348.8) |
(383.6) | ||
|
(1,007.6) |
(1,007.6) |
- | ||
Equity attributable to equity holders of the Company |
16,273.5 |
17,304.4 |
19,107.7 | ||
Predecessors' interests under common control |
- |
2,730.8 |
2,127.5 | ||
Total equity |
16,273.5 |
20,035.2 |
21,235.2 | ||
Total liabilities and equity |
31,296.0 |
35,699.2 |
33,017.9 | ||
RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES
(Figures in Million of
The table below sets forth a reconciliation of our operating profit to non-GAAP free cash flow for the periods indicated:
Three months ended | |||||
|
|
| |||
USD |
USD |
USD | |||
Operating profit |
15.7 |
17.2 |
14.6 | ||
Add: Depreciation |
21.6 |
24.9 |
23.0 | ||
Amortization |
- |
- |
- | ||
Interest income |
0.3 |
0.2 |
0.5 | ||
Less: Capital expenditures |
(29.8) |
(30.2) |
(30.0) | ||
Predecessors' interests |
(5.4) |
3.6 |
2.2 | ||
Interest expense |
(1.2) |
(1.2) |
(0.9) | ||
Income tax expense |
3.7 |
(2.5) |
(3.0) | ||
Dividend |
(55.3) |
- |
(3.9) | ||
Non-GAAP free cash flow |
(50.4) |
12.0 |
2.5 |
The table below sets forth a reconciliation of our operating profit to non-GAAP EBITDA for the periods indicated:
Three months ended | |||||
|
|
| |||
USD |
USD |
USD | |||
Operating profit |
15.7 |
17.2 |
14.6 | ||
Add: Depreciation |
21.6 |
24.9 |
23.0 | ||
Amortization |
- |
- |
- | ||
Non-GAAP EBITDA |
37.3 |
42.1 |
37.6 |
The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods indicated:
|
|
| |||
USD |
USD |
USD | |||
Short-term bank loans |
- |
40.6 |
35.5 | ||
Long-term bank loans (including current portion) |
331.8 |
255.3 |
201.7 | ||
Lease payable (including current portion) |
1.2 |
- |
- | ||
Less: Cash and cash equivalents |
(233.7) |
(375.1) |
(374.3) | ||
Net debt |
99.3 |
(79.2) |
(137.1) | ||
Equity attributable to equity holders of the Company |
502.3 |
534.1 |
589.7 | ||
Net debt to equity ratio |
19.8% |
-14.8% |
-23.2% |
FINANCIAL IMPACT OF THE DISCONTINUED OPERATIONS
Table 1:Consolidated Quarterly and Annual Revenues (Unaudited; Excludes ChipMOS Shanghai Revenue) | ||||||
4Q16 |
4Q15 |
YoY Change |
FY16 |
FY15 |
YoY Change | |
Revenues (NT$ million) |
4,667.1 |
4,477.3 |
4.2% |
18,387.6 |
18,837.1 |
-2.4% |
Revenues (US$ million) |
144.0 |
138.2 |
4.2% |
567.5 |
581.4 |
-2.4% |
Table 2:Consolidated Quarterly and Annual Revenues (Unaudited; Includes ChipMOS Shanghai Revenue) | ||||||
4Q16 |
4Q15 |
YoY Change |
FY16 |
FY15 |
YoY Change | |
Revenues (NT$ million) |
4,925.9 |
4,755.0 |
3.6% |
19,392.7 |
19,869.4 |
-2.4% |
Revenues (US$ million) |
152.0 |
146.8 |
3.6% |
598.5 |
613.3 |
-2.4% |
Table 3:Results of operations for the year ended |
||||||||
Consolidated Income Statements |
Discontinued Operations | |||||||
NT$ million |
US$ million |
NT$ million |
US$ million | |||||
Revenue |
18,387.6 |
567.5 |
1,005.2 |
31.0 | ||||
Cost of revenue |
(14,745.5) |
(455.1) |
(986.0) |
(30.4) | ||||
Gross profit |
3,642.1 |
112.4 |
19.2 |
0.6 | ||||
Operating expenses |
(1,733.8) |
(53.6) |
(179.2) |
(5.5) | ||||
Other operating income (expenses), net |
90.3 |
2.9 |
13.7 |
0.4 | ||||
Operating profit |
1,998.6 |
61.7 |
(146.3) |
(4.5) | ||||
Non-operating income (expenses), net |
(298.1) |
(9.2) |
24.2 |
0.7 | ||||
Profit (Loss) before tax |
1,700.5 |
52.5 |
(122.1) |
(3.8) | ||||
Income tax expense |
(352.1) |
(10.9) |
- |
- | ||||
Profit from continuing operations |
1,348.4 |
41.6 |
||||||
Loss from discontinued operations |
(122.1) |
(3.8) |
||||||
Profit for the year |
1,226.3 |
37.8 |
(122.1) |
(3.8) |
Contacts: In Dr. +886-6-507-7712 |
In the +1-914-337-8801 |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chipmos-reports-fourth-quarter-and-full-year-2016-results-300420981.html
SOURCE
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