Taipei, Wednesday, May 25, 2016 10:05 (GMT+8)
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Digitimes Insight: AUO may kick off panel production in China faster than Korea rivals - related company info
Tony Huang, DIGITIMES Research, Taipei [Wednesday 16 March 2011]
  • Innolux Corporation (formerly Chimei Innolux)
  • Innolux Corporation (Innolux), formerly Chimei Innolux Corporation, is a Taiwan-based company primarily engaged in research, development, manufacture and distribution of thin film transistor liquid crystal display (TFT-LCD) panel modules and LCD monitors.  The company will be strong enough to challenge the leading CMI was formed in March 2010 following the merger of LCD monitor maker Innolux Display, Chi Mei Optoelectronics (CMO), and handheld device panel supplier TPO Display.position of AUO Optronics and becoming the world No. 3 liquid-crystal-display (LCD) panel maker.

    The Company's major products include LCD television panels, monitor panels, notebook computer display panels, audio/video (AV) and mobile display panels, medical display panels and special-application panels. Its products are applied in mobile communication products, information product and household electrical appliances. The Company operates international divisions in Japan, the United States, Holland, England, Germany and Singapore. The Company has production facilities in Jhunan and Tainan(Taiwan), Ningbo, Zhejiang Province, and Foshan, Guangdong province in China.

  • Performance
    The company's stock price closed at NT$9.45 on the TSE on Tuesday, May 24, 2016.
    The company has reported consolidated revenues of NT$20,935 million for April 2016, representing a 11.9% increase on month and 35.4% drop on year.
    For the fourth quarter of 2015, the company totaled NT$81,464 million in consolidated revenues, down 8.2% sequentially and down 29.1% on year.
    Brief

    Full name: Innolux Corporation (formerly Chimei Innolux)

    Chinese name: 群創光電股份有限公司(奇美電子)

    Short name: Innolux

    Stock code: 3481

    Country: Taiwan

    Tax ID: 12800225

    Market: TSE

    Established: 14 Jan 2003

    Paid in capital: NT$99.53 billion

    Listed on TSE: 24 Oct 2006

    Listed on ESB: 5 Jul 2005

    Public since: 17 Jan 2005

    Website: www.chimei-innolux.com

  • Latest stock
    Innolux [3481] historical stock price (NT$)
    DateVolume (k)TransactionsValueOpenHighLowCloseChangeAskBid
    25-May 17,679   9.57 9.64 9.53 9.55+0.10+1.06%  
    24-May 52,357   9.65 9.66 9.45 9.45-0.30-3.08%  
    23-May 80,987 14,050 779,036,106 9.37 9.77 9.33 9.75+0.55+5.98% 9.75 9.74
    20-May 49,517 9,429 453,916,738 9.09 9.32 9.03 9.20+0.13+1.43% 9.21 9.20
    19-May 24,792 4,999 225,225,062 9.08 9.14 9.05 9.07-0.01-0.11% 9.08 9.07
    18-May 33,366 6,620 303,255,305 9.09 9.14 9.05 9.08-0.10-1.09% 9.09 9.08
    17-May 37,006 7,144 337,703,192 9.19 9.19 9.04 9.18-0.01-0.11% 9.19 9.18
    16-May 31,191 6,239 284,693,570 9.20 9.23 9.03 9.19-0.04-0.43% 9.19 9.18
    • Source: TSE, compiled by Digitimes
    Latest sales

    Innolux: Consolidated revenues, Apr 2015 - Apr 2016 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Apr-16

    20,935

    11.9%

    (35.4%)

    77,352

    (41.7%)

    Mar-16

    18,705

    12.5%

    (49.3%)

    56,417

    (43.7%)

    Feb-16

    16,627

    (21.1%)

    (38.9%)

    37,713

    (40.4%)

    Jan-16

    21,085

    (20.2%)

    (41.5%)

    21,085

    (41.5%)

    Dec-15

    26,424

    3.8%

    (30.9%)

    364,133

    (15.1%)

    Nov-15

    25,457

    (13.9%)

    (33.8%)

    337,709

    (13.5%)

    Oct-15

    29,583

    (5.5%)

    (22.7%)

    312,252

    (11.3%)

    Sep-15

    31,295

    12.6%

    (18.7%)

    282,669

    (9.9%)

    Aug-15

    27,805

    (6.2%)

    (27.2%)

    251,374

    (8.7%)

    Jul-15

    29,656

    (1.7%)

    (18.6%)

    223,569

    (5.7%)

    Jun-15

    30,157

    (3.3%)

    (17.5%)

    193,913

    (3.3%)

    May-15

    31,200

    (3.7%)

    (14.1%)

    163,756

    (0.2%)

    Apr-15

    32,398

    (12.2%)

    (15.2%)

    132,556

    3.8%

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2016

    Innolux: Consolidated revenues, 4Q14 - 4Q15 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    4Q-15

    81,464

    (8.2%)

    (29.1%)

    364,133

    (15.1%)

    3Q-15

    88,756

    (5.3%)

    (21.5%)

    282,669

    (9.9%)

    2Q-15

    93,755

    (6.4%)

    (15.6%)

    193,913

    (3.3%)

    1Q-15

    100,158

    (12.9%)

    11.8%

    100,158

    11.8%

    4Q-14

    114,947

    1.6%

    18.2%

    428,662

    1.4%

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2016

    Latest balance sheet and income statement

    Innolux: Consolidated balance sheet, 4Q14 - 4Q15 (NT$k)

    Item

    4Q-2015

    3Q-2015

    2Q-2015

    1Q-2015

    4Q-2014

    Current assets

    138,866,987

    144,710,483

    143,147,113

    145,539,799

    189,380,812

    Intangible assets

    19,342,856

    19,507,985

    19,722,306

    19,968,114

    20,219,137

    Non-current assets

    248,575,349

    251,356,028

    259,402,450

    278,927,060

    293,135,743

    Assets

    387,442,336

    396,066,511

    402,549,563

    424,466,859

    482,516,555

    Current liabilities

    110,471,463

    110,454,679

    112,385,966

    125,777,294

    199,135,498

    Non-current liabilities

    44,706,150

    44,486,697

    52,628,379

    62,267,502

    54,209,621

    Liabilities

    155,177,613

    154,941,376

    165,014,345

    188,044,796

    253,345,119

    Stockholders' equity

    232,264,723

    241,125,135

    237,535,218

    236,422,063

    229,171,436

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2016

    Innolux: Consolidated income statement, 4Q14 - 4Q15 (NT$k)

    Item

    4Q-2015

    3Q-2015

    2Q-2015

    1Q-2015

    4Q-2014

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Operating revenue

    81,463,607

     

    88,756,324

     

    93,755,186

     

    100,157,867

     

    114,947,008

     

    Gross profit (loss) from operations

    2,526,811

    3.1%

    10,772,654

    12.1%

    15,596,583

    16.6%

    17,744,057

    17.7%

    18,389,044

    16%

    Operating expenses

    5,424,779

    6.7%

    6,067,007

    6.8%

    6,190,344

    6.6%

    6,527,266

    6.5%

    6,854,944

    6%

    Operating income (loss)

    -2,897,968

    -3.6%

    4,705,647

    5.3%

    9,406,239

    10%

    11,216,791

    11.2%

    11,534,100

    10%

    Non-operating expenses and losses

    -3,727,621

    -4.6%

    -624,056

    -0.7%

    -2,063,283

    -2.2%

    -1,156,562

    -1.2%

    -325,452

    -0.3%

    Income from continuing operations before income tax

    -6,625,589

    -8.1%

    4,081,591

    4.6%

    7,342,956

    7.8%

    10,060,229

    10%

    11,208,648

    9.8%

    Net income (loss)

    -6,723,193

    -8.3%

    3,481,924

    3.9%

    5,406,121

    5.8%

    8,649,289

    8.6%

    11,154,352

    9.7%

    Diluted earnings per share (NT$)

    -0.7

     

    0.3

     

    0.5

     

    0.9

     

    1.2

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, May 2016

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