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CMI, AUO 4Q12 operations subject to risks of high TV panel inventory levels - related company info
Sammi Huang, Taipei; Alex Wolfgram, DIGITIMES [Tuesday 9 October 2012]
  • 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$11.4 on the TSE on Thursday, December 8, 2016.
    The company has reported consolidated revenues of NT$29,167 million for November 2016, representing a 3.9% increase on month and 14.6% increase on year.
    For the third quarter of 2016, the company totaled NT$74,485 million in consolidated revenues, up 11.5% sequentially and down 16.1% 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
    9-Dec 45,620 7,820 514,738,539 11.45 11.45 11.20 11.25-0.15-1.32% 11.20 11.25
    8-Dec 85,978 12,530 981,797,938 11.40 11.55 11.35 11.40+0.05+0.44% 11.35 11.40
    7-Dec 113,526 14,665 1,276,137,074 11.15 11.35 11.05 11.35+0.35+3.18% 11.30 11.35
    6-Dec 40,745 6,830 447,671,147 11.05 11.05 10.90 11.00+0.00+0.00% 10.95 11.00
    5-Dec 36,663 5,835 399,166,797 10.80 11.00 10.75 11.00+0.20+1.85% 10.95 11.00
    2-Dec 33,162 5,722 359,280,973 10.85 10.90 10.75 10.80-0.15-1.37% 10.80 10.85
    1-Dec 30,735 5,918 336,624,639 10.95 11.05 10.90 10.95-0.05-0.45% 10.95 11.00
    • Source: TSE, compiled by Digitimes
    Latest sales

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

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Nov-16

    29,167

    3.9%

    14.6%

    254,937

    (24.5%)

    Oct-16

    28,064

    5.5%

    (5.1%)

    225,771

    (27.7%)

    Sep-16

    26,601

    6.1%

    (15%)

    197,707

    (30.1%)

    Aug-16

    25,062

    9.8%

    (9.9%)

    171,106

    (31.9%)

    Jul-16

    22,822

    (2.3%)

    (23.1%)

    146,044

    (34.7%)

    Jun-16

    23,365

    3.8%

    (22.5%)

    123,222

    (36.5%)

    May-16

    22,505

    7.5%

    (27.9%)

    99,857

    (39%)

    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%)

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

    Innolux: Consolidated revenues, 3Q15 - 3Q16 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    3Q-16

    74,485

    11.5%

    (16.1%)

    197,707

    (30.1%)

    2Q-16

    66,805

    18.4%

    (28.8%)

    123,222

    (36.5%)

    1Q-16

    56,417

    (30.8%)

    (43.7%)

    56,417

    (43.7%)

    4Q-15

    81,464

    (8.2%)

    (29.1%)

    364,133

    (15.1%)

    3Q-15

    88,756

    (5.3%)

    (21.5%)

    282,669

    (9.9%)

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

    Latest balance sheet and income statement

    Innolux: Consolidated balance sheet, 3Q15 - 3Q16 (NT$k)

    Item

    3Q-2016

    2Q-2016

    1Q-2016

    4Q-2015

    3Q-2015

    Current assets

    107,113,619

    110,483,838

    108,812,385

    138,866,987

    144,710,483

    Intangible assets

    18,642,727

    18,832,779

    19,090,785

    19,342,856

    19,507,985

    Non-current assets

    247,796,924

    238,804,533

    242,445,976

    248,575,349

    251,356,028

    Assets

    354,910,543

    349,288,371

    351,258,361

    387,442,336

    396,066,511

    Current liabilities

    110,974,476

    97,872,822

    91,887,681

    110,471,463

    110,454,679

    Non-current liabilities

    28,591,123

    36,730,103

    36,560,388

    44,706,150

    44,486,697

    Liabilities

    139,565,599

    134,602,925

    128,448,069

    155,177,613

    154,941,376

    Stockholders' equity

    215,344,944

    214,685,446

    222,810,292

    232,264,723

    241,125,135

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

    Innolux: Consolidated income statement, 3Q15 - 3Q16 (NT$k)

    Item

    3Q-2016

    2Q-2016

    1Q-2016

    4Q-2015

    3Q-2015

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Operating revenue

    74,484,602

     

    66,805,188

     

    56,417,120

     

    81,463,607

     

    88,756,324

     

    Gross profit (loss) from operations

    8,769,040

    11.8%

    1,555,025

    2.3%

    -4,037,460

    -7.2%

    2,526,811

    3.1%

    10,772,654

    12.1%

    Operating expenses

    4,910,922

    6.6%

    4,592,955

    6.9%

    4,364,827

    7.7%

    5,424,779

    6.7%

    6,067,007

    6.8%

    Operating income (loss)

    3,858,118

    5.2%

    -3,037,930

    -4.5%

    -8,402,287

    -14.9%

    -2,897,968

    -3.6%

    4,705,647

    5.3%

    Non-operating expenses and losses

    -322,864

    -0.4%

    167,823

    0.3%

    -131,293

    -0.2%

    -3,727,621

    -4.6%

    -624,056

    -0.7%

    Income from continuing operations before income tax

    3,535,254

    4.7%

    -2,870,107

    -4.3%

    -8,533,580

    -15.1%

    -6,625,589

    -8.1%

    4,081,591

    4.6%

    Net income (loss)

    3,058,266

    4.1%

    -3,475,528

    -5.2%

    -8,581,508

    -15.2%

    -6,723,193

    -8.3%

    3,481,924

    3.9%

    Diluted earnings per share (NT$)

    0.3

     

    -0.4

     

    -0.9

     

    -0.7

     

    0.3

     

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

9-Dec-2016 markets closed

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