• 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$10.95 on the TSE on Tuesday, December 10, 2013.

  The company has reported consolidated revenues of NT$32,458 million for November 2013, representing a 0.2% increase on month and 25% drop on year.

  For the third quarter of 2013, the company totaled NT$97,096 million in consolidated revenues, down 13% sequentially and down 24.7% 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$91.02 billion

  Listed on TSE: 24 Oct 2006

  Listed on ESB: 5 Jul 2005

  Public since: 17 Jan 2005

  Website: www.chimei-innolux.com
• Related news

  • Panel profitability may improve in 4Q12, but demand likely to drop in 1Q13
  • Innolux tops 3Q12 panel suppliers for China-based TV vendors, says paper
  • Innolux to focus more on developing IPS wide viewing angle panel technology
  • Innolux optimistic about the panel industry in 2013, says CEO
  • CMI officially announces name change
  • CMI reports October 2012 financial results
  • AUO, CMI land orders for TV panels in 2013
  • CMI to focus on Ultra HD TV panels for product differentiation in 2013
• Latest stock

  Innolux [3481] historical stock price (NT$)
  Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
  11-Dec	54,597	9,354	585,252,162	10.95	11.00	10.60	10.65	-0.30	-2.74%	10.70	10.65
  10-Dec	33,099	6,491	361,940,162	10.85	11.00	10.85	10.95	+0.10	+0.92%	11.00	10.95
  9-Dec	46,520	7,036	508,908,954	11.00	11.15	10.80	10.85	-0.05	-0.46%	10.90	10.85
  6-Dec	43,358	6,441	472,924,570	10.80	11.00	10.80	10.90	+0.20	+1.87%	10.90	10.85
  5-Dec	67,106	9,253	725,592,209	10.95	11.00	10.70	10.70	-0.25	-2.28%	10.75	10.70
  4-Dec	63,923	10,974	706,445,041	11.20	11.20	10.95	10.95	-0.25	-2.23%	11.00	10.95
  3-Dec	70,642	9,964	788,870,254	11.10	11.25	11.05	11.20	+0.10	+0.90%	11.25	11.20

  • Source: TSE, compiled by Digitimes

  Latest sales

  Innolux: Consolidated revenues, Nov 2012 - Nov 2013 (NT$m)
  Month	Sales	M/M	Y/Y	YTD	Y/Y
  Nov-13	32,458	0.2%	(25%)	390,360	(10.6%)
  Oct-13	32,392	(0%)	(22.9%)	357,902	(9%)
  Sep-13	32,393	(2%)	(28.6%)	325,510	(7.3%)
  Aug-13	33,043	4%	(25.6%)	293,117	(4.2%)
  Jul-13	31,782	(4.1%)	(20.1%)	260,075	(0.6%)
  Jun-13	33,139	(11.6%)	(10%)	228,293	3%
  May-13	37,470	(8.4%)	(5.2%)	195,154	5.5%
  Apr-13	40,909	(8%)	13.1%	157,684	8.4%
  Mar-13	44,441	34.7%	9%	116,775	6.9%
  Feb-13	33,004	(16.1%)	(11.5%)	72,334	5.6%
  Jan-13	39,330	(11.3%)	26.1%	39,330	26.1%
  Dec-12	44,316	2.4%	(5.4%)	480,913	(4%)
  Nov-12	43,277	3%	(0.3%)	436,597	(3.9%)

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

  Innolux: Consolidated revenues, 3Q12 - 3Q13 (NT$m)
  Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
  3Q-13	97,096	(13%)	(24.7%)	325,511	(8.1%)
  2Q-13	111,567	(4.5%)	(0.3%)	228,415	1.5%
  1Q-13	116,848	(9.9%)	3.3%	116,848	3.3%
  4Q-12	129,618	0.6%	(5.8%)	483,610	(5.2%)
  3Q-12	128,905	15.2%	4.1%	353,992	(5%)

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

  Latest balance sheet and income statement

  Innolux: Consolidated balance sheet, 4Q11 - 4Q12 (NT$k)
  Item	4Q-2012	3Q-2012	2Q-2012	1Q-2012	4Q-2011
  Current assets	174,628,466	193,113,686	209,475,734	203,290,678	212,582,766
  Long-term investments	5,568,451	6,743,162	4,711,096	4,792,346	4,791,322
  Intangible assets	18,065,083	18,190,058	18,271,989	18,394,860	18,517,906
  Other assets	26,244,104	26,229,320	26,129,238	25,662,439	26,696,758
  Assets	570,858,240	605,513,703	644,515,249	656,068,789	683,665,076
  Current liabilities	237,029,639	220,435,781	248,984,203	240,536,138	419,171,745
  Other liabilities	8,894,958	8,746,274	8,738,726	8,931,233	10,122,091
  Liabilities	398,416,294	429,054,021	468,574,152	470,253,621	484,997,133
  Stockholders' equity	172,441,946	176,459,682	175,941,097	185,815,168	198,667,943

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

  Innolux: Consolidated income statement, 3Q12 - 3Q13 (NT$k)
  Item	3Q-2013		2Q-2013		1Q-2013		4Q-2012		3Q-2012
  	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
  Gross sales							130,318,676		129,469,658
  Operating revenue	97,095,958	74.5%	111,567,095	85.6%	116,847,723	89.7%	129,618,370	99.5%	128,904,791	99.6%
  Gross profit (loss) from operations	10,073,997	7.7%	13,803,399	10.6%	9,010,847	6.9%	9,346,860	7.2%	4,122,234	3.2%
  Operating expenses	6,004,197	4.6%	5,768,522	4.4%	5,700,669	4.4%	6,390,428	4.9%	6,451,647	5%
  Operating income (loss)	4,069,800	3.1%	8,034,877	6.2%	3,310,178	2.5%	2,956,432	2.3%	-2,329,413	-1.8%
  Non-operating revenues and gains					-1,621,336	-1.2%	1,152,542	0.9%	1,976,260	1.5%
  Non-operating expenses and losses	-3,142,344	-2.4%	0	0%					-1,635,262	-1.3%
  Income from continuing operations before income tax	927,456	0.7%	4,249,551	3.3%	1,688,842	1.3%	-3,214,215	-2.5%	-3,847,933	-3%
  Net income (loss)	683,047	0.5%	4,068,637	3.1%	1,682,830	1.3%	-3,154,191	-2.4%	-3,720,682	-2.9%
  Fully-diluted earnings per share (NT$)	0.1		0.5		0.2
  Simple earnings per share (NT$)									-0.5

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

• Innolux Corporation (formerly Chimei Innolux) full profile

Categories: Display panel Displays

Tags: 4Q12 AUO Chimei Innolux Corporation CMI Innolux inventory TV

Companies: AU Optronics Innolux Corporation (formerly Chimei Innolux)

Related stories
• Taiwan 3Q12 FPD production value over NT$370 billion, says IEK (Nov 23)
• Innolux tops 3Q12 panel suppliers for China-based TV vendors, says paper (Nov 20)
• CMI likely to swing back to profitability in 4Q12, say sources (Oct 31)
• CMI, AUO expected to see shrinking 3Q12 net operating losses (Oct 15)
• CMI September revenues hit 2012 high (Oct 11)
• AUO, CMI expected to see increased revenues in September, October (Oct 2)
• CMI to ramp up 39-inch TV panels, including 4Kx2K models, in 2013 (Oct 1)
• CMI nearly at full capacity, says chairman (Sep 19)
• CMI and AUO continue to benefit from product differentiation (Sep 17)

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