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Digitimes Insight: CMI to be top Taiwan supplier of large-size panels in 2Q11 - related company info
Tony Huang, DIGITIMES Research, Taipei [Thursday 5 May 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$15.65 on the TSE on Tuesday, March 31, 2015.
    The company has reported consolidated revenues of NT$27,207 million for February 2015, representing a 24.5% drop on month and 9.4% increase on year.
    For the third quarter of 2014, the company totaled NT$113,092 million in consolidated revenues, up 1.8% sequentially and up 16.5% 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$99.56 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
    1-Apr 29,071   15.65 15.75 15.55 15.60-0.05-0.32%  
    31-Mar 47,433   15.40 15.65 15.40 15.65+0.35+2.29%  
    30-Mar 42,350 7,300 650,489,408 15.60 15.60 15.20 15.30-0.20-1.29% 15.35 15.30
    27-Mar 32,046 5,357 499,211,429 15.70 15.75 15.45 15.50-0.10-0.64% 15.55 15.50
    26-Mar 58,018 11,013 899,543,713 15.60 15.65 15.35 15.60-0.30-1.89% 15.65 15.60
    25-Mar 44,116 9,087 705,544,924 16.10 16.20 15.85 15.90-0.20-1.24% 15.95 15.90
    24-Mar 32,887 6,204 527,739,211 16.10 16.15 15.95 16.10+0.00+0.00% 16.10 16.05
    23-Mar 67,849 12,594 1,087,131,762 15.80 16.20 15.75 16.10+0.35+2.22% 16.10 16.05
    • Source: TSE, compiled by Digitimes
    Latest sales

    Innolux: Consolidated revenues, Feb 2014 - Feb 2015 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Feb-15

    27,207

    (24.5%)

    9.4%

    63,256

    21.1%

    Jan-15

    36,048

    (5.7%)

    31.7%

    36,048

    31.7%

    Dec-14

    38,209

    (0.6%)

    18%

    428,662

    1.4%

    Nov-14

    38,456

    0.5%

    18.5%

    390,453

    (0%)

    Oct-14

    38,281

    (0.5%)

    18.2%

    351,996

    (1.7%)

    Sep-14

    38,481

    0.8%

    18.8%

    313,715

    (3.6%)

    Aug-14

    38,180

    4.8%

    15.6%

    275,234

    (6.1%)

    Jul-14

    36,431

    (0.3%)

    14.6%

    237,054

    (8.9%)

    Jun-14

    36,555

    0.6%

    10.3%

    200,623

    (12.1%)

    May-14

    36,325

    (4.9%)

    (3.1%)

    164,069

    (15.9%)

    Apr-14

    38,185

    2.3%

    (6.7%)

    127,744

    (19%)

    Mar-14

    37,322

    50.1%

    (16%)

    89,559

    (23.3%)

    Feb-14

    24,869

    (9.1%)

    (24.7%)

    52,237

    (27.8%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2015

    Innolux: Consolidated revenues, 3Q13 - 3Q14 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    3Q-14

    113,092

    1.8%

    16.5%

    313,715

    (3.6%)

    2Q-14

    111,064

    24%

    (0.5%)

    200,623

    (12.2%)

    1Q-14

    89,559

    (7.9%)

    (23.4%)

    89,559

    (23.4%)

    4Q-13

    97,220

    0.1%

    (25%)

    422,731

    (12.6%)

    3Q-13

    97,096

    (13%)

    (24.7%)

    325,511

    (8.1%)

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2015

    Latest balance sheet and income statement

    Innolux: Consolidated balance sheet, 4Q13 - 4Q14 (NT$k)

    Item

    4Q-2014

    3Q-2014

    2Q-2014

    1Q-2014

    4Q-2013

    Current assets

    189,380,812

    156,775,577

    152,388,247

    163,533,078

    171,701,969

    Intangible assets

    20,219,137

    20,451,619

    20,531,808

    20,830,472

    21,214,994

    Non-current assets

    293,135,743

    302,339,512

    312,470,595

    323,917,081

    336,498,916

    Assets

    482,516,555

    459,115,089

    464,858,842

    487,450,159

    508,200,885

    Current liabilities

    199,135,498

    177,507,769

    191,259,311

    191,183,861

    300,586,751

    Non-current liabilities

    54,209,621

    66,166,822

    76,990,078

    100,527,608

    13,036,280

    Liabilities

    253,345,119

    243,674,591

    268,249,389

    291,711,469

    313,623,031

    Stockholders' equity

    229,171,436

    215,440,498

    196,609,453

    195,738,690

    194,577,854

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2015

    Innolux: Consolidated income statement, 4Q13 - 4Q14 (NT$k)

    Item

    4Q-2014

    3Q-2014

    2Q-2014

    1Q-2014

    4Q-2013

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Operating revenue

     

     

    113,091,500

     

    111,064,490

     

    89,558,900

     

    97,219,724

     

    Gross profit (loss) from operations

     

     

    14,565,886

    12.9%

    11,804,227

    10.6%

    5,625,844

    6.3%

    4,870,872

    5%

    Operating expenses

     

     

    5,471,822

    4.8%

    5,437,854

    4.9%

    4,446,985

    5%

    4,936,459

    5.1%

    Operating income (loss)

     

     

    9,094,064

    8%

    6,366,373

    5.7%

    1,178,859

    1.3%

    -65,587

    -0.1%

    Non-operating expenses and losses

     

     

    -1,346,694

    -1.2%

    -2,950,198

    -2.7%

    -1,016,712

    -1.1%

    -1,156,909

    -1.2%

    Income from continuing operations before income tax

     

     

    7,747,370

    6.9%

    3,416,175

    3.1%

    162,147

    0.2%

    -1,222,496

    -1.3%

    Net income (loss)

     

     

    7,359,509

    6.5%

    3,010,092

    2.7%

    152,955

    0.2%

    -1,339,495

    -1.4%

    Diluted earnings per share (NT$)

     

     

    0.8

     

    0.3

     

    0

     

    -0.2

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, April 2015

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