• Micro-Star International
• Brief

  Full name: Micro-Star International

  Chinese name: 微星科技股份有限公司

  Short name: MSI

  Arconym: MSI

  Stock code: 2377

  Tax ID: 22178368

  Market: TSE

  Established: 4 Aug 1986

  Paid in capital: NT$8.45 billion

  Listed on TSE: 31 Oct 1998

  Public since: 10 Jul 1996

  Website: www.msi.com.tw

  Related news

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  • MSI to launch Windows 8 notebooks in mid-November
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  • Motherboard players may see single-digit percentage growth in 3Q12 shipments
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• On display

  

  Computex 2012: Nvidia GeForce GTX 680M mobile graphics card

  Photo: Company, Jun 6.

  

  Nvidia GeForce GTX 690 graphics card

  Photo: Company, May 2.

  

  MSI GT783 gaming notebook

  Photo: Company, Jan 6.

• Financial performance
  MSI [2377] historical stock price (NT$)
  Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
  21-May	2,741	846	41,864,087	15.30	15.40	15.10	15.20	+0.00	+0.00%	15.25	15.20
  20-May	2,593	656	39,265,780	15.00	15.30	14.90	15.20	+0.20	+1.33%	15.20	15.15
  17-May	2,586	672	38,844,425	15.10	15.15	14.95	15.00	-0.05	-0.33%	15.00	14.95
  16-May	4,232	1,200	63,604,521	14.95	15.10	14.90	15.05	+0.25	+1.69%	15.05	15.00
  15-May	3,581	904	52,864,336	14.85	14.90	14.65	14.80	+0.05	+0.34%	14.80	14.75
  14-May	6,972	1,923	102,829,382	14.55	14.90	14.55	14.75	+0.40	+2.79%	14.80	14.75
  13-May	1,302	323	18,679,563	14.35	14.45	14.25	14.35	+0.00	+0.00%	14.40	14.35

  • Source: TSE, compiled by Digitimes

  MSI: Consolidated revenues, Apr 2012 - Apr 2013 (NT$m)
  Month	Sales	M/M	Y/Y	YTD	Y/Y
  Apr-13	5,209	(10.9%)	(1.4%)	21,382	1.4%
  Mar-13	5,843	32.9%	3.6%	16,173	2.3%
  Feb-13	4,397	(25.9%)	(18.4%)	10,329	1.6%
  Jan-13	5,932		24.3%	5,932	24.3%
  Apr-12	5,281	(6.4%)		21,087
  Mar-12	5,642	4.6%		15,806
  Feb-12	5,392	13%		10,164
  Jan-12	4,772			4,772

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, May 2013

  MSI: Non-consolidated revenues, Dec 2011 - Dec 2012 (NT$m)
  Month	Sales	M/M	Y/Y	YTD	Y/Y
  Dec-12	4,677	(17.9%)	1.6%	65,696	(11.2%)
  Nov-12	5,697	(4%)	10.9%	61,019	(12%)
  Oct-12	5,931	4.2%	1.2%	55,322	(13.9%)
  Sep-12	5,691	(14.4%)	(4.5%)	49,315	(14.6%)
  Aug-12	6,648	17%	7.2%	43,624	(15.7%)
  Jul-12	5,683	12.3%	0.8%	36,602	(17.3%)
  Jun-12	5,061	(13.6%)	(6.6%)	30,919	(19.9%)
  May-12	5,857	20.8%	(3%)	25,859	(22.1%)
  Apr-12	4,849	(9.6%)	(23.9%)	20,002	(26.4%)
  Mar-12	5,365	5.8%	(39.9%)	14,695	(29.3%)
  Feb-12	5,070	19%	2.3%	9,331	(21.4%)
  Jan-12	4,261	(7.5%)	(38.3%)	4,261	(38.3%)
  Dec-11	4,605	(10.3%)	(30.9%)	73,979	(14.5%)

  *Figures are not consolidated
  Source: TSE, compiled by Digitimes, May 2013

  MSI: Consolidated revenues, 4Q11 - 4Q12 (NT$m)
  Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
  4Q-12	16,380	(6.6%)	(2.9%)	67,057	(14.8%)
  3Q-12	17,533	1.1%	(14.2%)	50,677	(18%)
  2Q-12	17,338	9.7%	(8.7%)	33,144	(19.9%)
  1Q-12	15,806	(6.3%)	(29.4%)	15,806	(29.4%)
  4Q-11	16,873	(17.4%)	(25.9%)	78,667	(12.1%)

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, May 2013

  MSI: Non-consolidated revenues, 4Q11 - 4Q12 (NT$m)
  Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
  4Q-12	16,502	(8.8%)	1.6%	65,893	(11.7%)
  3Q-12	18,097	12.1%	(2%)	49,391	(15.4%)
  2Q-12	16,140	6.5%	(16.1%)	31,293	(21.6%)
  1Q-12	15,153	(6.7%)	(26.7%)	15,153	(26.7%)
  4Q-11	16,237	(12%)	(28.2%)	74,616	(13.9%)

  *Figures are not consolidated
  Source: TSE, compiled by Digitimes, May 2013

  MSI: Consolidated balance sheet, 4Q11 - 4Q12 (NT$k)
  Item	4Q-2012	3Q-2012	2Q-2012	1Q-2012	4Q-2011
  Current assets	31,026,509	31,948,039	31,619,767	31,882,066	32,574,471
  Long-term investments	2,091	4,960	5,126	5,145	4,496
  Intangible assets	140,577	141,624	147,147	148,259	154,586
  Other assets	264,575	701,305	757,258	674,724	687,737
  Assets	37,234,025	38,655,931	38,580,769	38,878,897	39,813,338
  Current liabilities	15,478,338	16,954,519	17,048,798	16,219,657	16,378,130
  Other liabilities	147,037	149,744	115,418	116,383	113,095
  Liabilities	15,646,790	17,126,655	17,187,838	16,360,175	16,526,263
  Stockholders' equity	21,587,235	21,529,276	21,392,931	22,518,722	23,287,075

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, May 2013

  MSI: Non-consolidated balance sheet, 4Q11 - 4Q12 (NT$k)
  Item	4Q-2012	3Q-2012	2Q-2012	1Q-2012	4Q-2011
  Current assets	28,512,180	30,240,941	28,626,190	28,457,011	29,176,667
  Long-term investments	6,963,008	6,838,927	6,906,851	6,783,837	6,905,907
  Other assets	6,181	429,044	476,121	390,979	391,136
  Assets	37,923,714	39,947,217	38,457,124	38,090,991	38,946,429
  Current liabilities	16,162,235	18,097,212	16,749,587	15,229,532	15,290,742
  Other liabilities	180,024	327,049	320,659	348,234	374,370
  Liabilities	16,342,259	18,424,261	17,070,246	15,577,766	15,665,112
  Stockholders' equity	21,581,455	21,522,956	21,386,878	22,513,225	23,281,317

  *Figures are not consolidated
  Source: TSE, compiled by Digitimes, May 2013

  MSI: Consolidated income statement, 4Q11 - 4Q12 (NT$k)
  Item	4Q-2012		3Q-2012		2Q-2012		1Q-2012		4Q-2011
  	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
  Gross sales	16,963,946		17,925,564		17,667,001		16,135,567		17,622,796
  Operating revenue	16,380,252	96.6%	17,532,576	97.8%	17,338,341	98.1%	15,806,002	98%	16,872,516	95.7%
  Gross profit (loss) from operations	1,651,570	9.7%	2,111,132	11.8%	2,033,055	11.5%	1,714,333	10.6%	2,137,067	12.1%
  Operating expenses	1,593,024	9.4%	1,658,546	9.3%	1,806,171	10.2%	1,576,361	9.8%	2,072,382	11.8%
  Operating income (loss)	58,546	0.3%	452,586	2.5%	226,884	1.3%	137,972	0.9%	64,685	0.4%
  Non-operating revenues and gains	165,041	1%	110,658	0.6%	180,965	1%	96,809	0.6%	74,834	0.4%
  Income from continuing operations before income tax	178,814	1.1%	577,535	3.2%	329,130	1.9%	114,653	0.7%	100,320	0.6%
  Net income (loss)	13,293	0.1%	487,083	2.7%	287,310	1.6%	77,208	0.5%	135,402	0.8%
  Fully-diluted earnings per share (NT$)	0		0.6		0.3		0.1		0.1

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, May 2013

  MSI: Non-consolidated income statement, 4Q11 - 4Q12 (NT$k)
  Item	4Q-2012		3Q-2012		2Q-2012		1Q-2012		4Q-2011
  	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
  Gross sales	17,077,648		18,514,316		16,588,935		15,511,797		17,285,649
  Operating revenue	16,502,187	96.6%	18,097,442	97.7%	16,140,107	97.3%	15,153,093	97.7%	16,236,649	93.9%
  Gross profit (loss) from operations	1,147,938	6.7%	1,949,592	10.5%	1,645,736	9.9%	1,234,591	8%	1,601,663	9.3%
  Operating expenses	1,318,104	7.7%	1,482,977	8%	1,472,360	8.9%	1,206,593	7.8%	1,477,559	8.5%
  Operating income (loss)	-170,166	-1%	466,615	2.5%	173,376	1%	27,998	0.2%	124,104	0.7%
  Non-operating revenues and gains	304,221	1.8%	91,873	0.5%	164,473	1%	101,194	0.7%	-9,923	-0.1%
  Income from continuing operations before income tax	126,804	0.7%	577,782	3.1%	322,409	1.9%	102,938	0.7%	147,104	0.9%
  Net income (loss)	13,834	0.1%	486,815	2.6%	286,753	1.7%	77,470	0.5%	136,898	0.8%
  Fully-diluted earnings per share (NT$)	0		0.6		0.3		0.1		0.1

  *Figures are not consolidated
  Source: TSE, compiled by Digitimes, May 2013

• Micro-Star International full profile

Tags: 14-inch MSI notebook press release product

Topics: Hot Systems Supply chain window

Companies: Micro-Star International

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