Taipei, Wednesday, June 19, 2013 23:20 (GMT+8)
partly cloudy
Taipei
28°C
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.

  • 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$79.13 billion

    Listed on TSE: 24 Oct 2006

    Listed on ESB: 5 Jul 2005

    Public since: 17 Jan 2005

    Website: www.chimei-innolux.com

  • Financial performance
    Innolux [3481] historical stock price (NT$)
    DateVolume (k)TransactionsValueOpenHighLowCloseChangeAskBid
    19-Jun 32,331 7,923 599,530,907 18.90 18.90 18.25 18.30-0.40-2.14% 18.35 18.30
    18-Jun 31,203 6,341 579,784,215 18.70 18.75 18.40 18.70+0.10+0.54% 18.70 18.65
    17-Jun 24,744 4,561 460,669,132 18.85 18.85 18.45 18.60-0.10-0.53% 18.60 18.55
    14-Jun 40,525 7,786 753,062,839 18.55 18.75 18.40 18.70+0.25+1.36% 18.70 18.65
    13-Jun 57,246 9,919 1,070,993,548 19.00 19.00 18.45 18.45-0.75-3.91% 18.45 18.40
    11-Jun 46,321 10,158 879,687,470 18.60 19.25 18.60 19.20+0.65+3.50% 19.20 19.15
    10-Jun 31,163 5,677 579,683,929 18.60 18.75 18.50 18.55+0.25+1.37% 18.60 18.55
    • Source: TSE, compiled by Digitimes

    Innolux: Consolidated revenues, May 2012 - May 2013 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    May-13

    37,470

    (8.4%)

    (5.2%)

    195,154

    5.5%

    Apr-13

    40,909

    (8%)

    13.2%

    157,684

    8.4%

    Mar-13

    44,441

    34.7%

    8.9%

    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%)

    Oct-12

    42,010

    (7.4%)

    4.6%

    393,320

    (4.3%)

    Sep-12

    45,351

    2.1%

    9.4%

    351,310

    (5.2%)

    Aug-12

    44,404

    11.6%

    5.7%

    305,959

    (7.1%)

    Jul-12

    39,797

    8%

    (3.4%)

    261,555

    (8.9%)

    Jun-12

    36,835

    (6.8%)

    (10.2%)

    221,758

    (9.9%)

    May-12

    39,517

    9.4%

    (2.1%)

    184,924

    (9.8%)

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

    Innolux: Non-consolidated revenues, Dec 2011 - Dec 2012 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    Dec-12

    43,713

    2.5%

    (3.2%)

    471,524

    (2.9%)

    Nov-12

    42,639

    2.9%

    2.6%

    427,812

    (2.8%)

    Oct-12

    41,435

    (8.5%)

    9.2%

    385,173

    (3.4%)

    Sep-12

    45,290

    5.4%

    13.6%

    343,738

    (4.7%)

    Aug-12

    42,978

    10.6%

    4.7%

    298,447

    (7%)

    Jul-12

    38,846

    8.2%

    (3%)

    255,469

    (8.7%)

    Jun-12

    35,891

    (4.8%)

    (9.8%)

    216,623

    (9.7%)

    May-12

    37,694

    5.5%

    (3.2%)

    180,731

    (9.6%)

    Apr-12

    35,744

    (11.5%)

    (9.3%)

    143,038

    (11.2%)

    Mar-12

    40,396

    10.9%

    (10.7%)

    107,293

    (11.8%)

    Feb-12

    36,419

    19.5%

    0.1%

    66,897

    (12.4%)

    Jan-12

    30,478

    (32.5%)

    (23.8%)

    30,478

    (23.8%)

    Dec-11

    45,140

    8.6%

    2.3%

    485,403

    2.5%

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

    Innolux: Consolidated revenues, 1Q12 - 1Q13 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    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%)

    2Q-12

    111,941

    (1.1%)

    (8.4%)

    225,087

    (9.5%)

    1Q-12

    113,146

    (17.8%)

    (10.5%)

    113,146

    (10.5%)

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

    Innolux: Non-consolidated revenues, 4Q11 - 4Q12 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    4Q-12

    127,787

    0.5%

    2.5%

    471,524

    (2.9%)

    3Q-12

    127,115

    16.2%

    5.1%

    343,738

    (4.7%)

    2Q-12

    109,361

    2%

    (7.4%)

    216,623

    (9.7%)

    1Q-12

    107,261

    (14%)

    (11.8%)

    107,261

    (11.8%)

    4Q-11

    124,667

    3.1%

    (3%)

    485,403

    2.5%

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

    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, June 2013

    Innolux: Non-consolidated balance sheet, 4Q11 - 4Q12 (NT$k)

    Item

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-2012

    4Q-2011

    Current assets

    148,614,892

    156,177,730

    146,478,853

    141,169,425

    155,428,602

    Long-term investments

    67,873,718

    69,048,653

    69,435,215

    69,490,199

    68,336,393

    Intangible assets

    18,064,885

    18,189,825

    18,269,946

    18,392,717

    18,515,631

    Other assets

    23,121,395

    23,268,598

    22,906,095

    22,028,814

    22,596,907

    Assets

    556,595,905

    578,016,067

    582,879,750

    592,873,532

    621,649,730

    Current liabilities

    237,628,126

    207,615,606

    207,604,230

    199,069,104

    380,305,366

    Other liabilities

    8,748,558

    8,691,641

    8,681,596

    9,842,756

    11,216,431

    Liabilities

    385,687,124

    402,882,212

    408,918,615

    409,393,890

    425,468,794

    Stockholders' equity

    170,908,781

    175,133,855

    173,961,135

    183,479,642

    196,180,936

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

    Innolux: Consolidated income statement, 1Q12 - 1Q13 (NT$k)

    Item

    1Q-2013

    4Q-2012

    3Q-2012

    2Q-2012

    1Q-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

     

    112,589,215

     

    113,582,346

     

    Operating revenue

    116,847,723

    89.7%

    129,618,370

    99.5%

    128,904,791

    99.6%

    111,940,536

    99.4%

    113,146,234

    99.6%

    Gross profit (loss) from operations

    9,010,847

    6.9%

    9,346,860

    7.2%

    4,122,234

    3.2%

    -1,969,297

    -1.7%

    -6,762,452

    -6%

    Operating expenses

    5,700,669

    4.4%

    6,390,428

    4.9%

    6,451,647

    5%

    5,816,582

    5.2%

    5,423,310

    4.8%

    Operating income (loss)

    3,310,178

    2.5%

    2,956,432

    2.3%

    -2,329,413

    -1.8%

    -7,785,879

    -6.9%

    -12,185,762

    -10.7%

    Non-operating revenues and gains

    -1,621,336

    -1.2%

    1,152,542

    0.9%

    1,976,260

    1.5%

    180,825

    0.2%

    3,689,827

    3.2%

    Income from continuing operations before income tax

    1,688,842

    1.3%

    -3,214,215

    -2.5%

    -3,847,933

    -3%

    -10,006,954

    -8.9%

    -13,001,603

    -11.4%

    Net income (loss)

    1,682,830

    1.3%

    -3,154,191

    -2.4%

    -3,720,682

    -2.9%

    -9,695,270

    -8.6%

    -12,903,253

    -11.4%

    Fully-diluted earnings per share (NT$)

    0.2

     

     

     

     

     

     

     

    0.2

     

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

    Innolux: 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

    128,507,646

     

    127,593,609

     

    110,112,457

     

    107,368,379

     

    126,047,769

     

    Operating revenue

    127,786,512

    99.4%

    127,115,346

    99.6%

    109,361,017

    99.3%

    107,261,499

    99.9%

    124,666,592

    98.9%

    Gross profit (loss) from operations

    6,382,904

    5%

    1,986,277

    1.6%

    -4,715,686

    -4.3%

    -10,526,230

    -9.8%

    -13,158,659

    -10.4%

    Operating expenses

    4,738,780

    3.7%

    4,708,314

    3.7%

    3,912,730

    3.6%

    3,605,678

    3.4%

    4,561,474

    3.6%

    Operating income (loss)

    1,644,124

    1.3%

    -2,722,037

    -2.1%

    -8,628,416

    -7.8%

    -14,131,908

    -13.2%

    -17,720,133

    -14.1%

    Non-operating revenues and gains

    1,312,867

    1%

    1,713,526

    1.3%

    -340,700

    -0.3%

    4,660,248

    4.3%

    1,739,302

    1.4%

    Income from continuing operations before income tax

    -3,651,083

    -2.8%

    -4,087,007

    -3.2%

    -10,308,153

    -9.4%

    -12,891,249

    -12%

    -21,872,884

    -17.4%

    Net income (loss)

    -3,152,975

    -2.5%

    -3,721,616

    -2.9%

    -9,564,397

    -8.7%

    -12,766,361

    -11.9%

    -19,991,461

    -15.9%

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

Realtime news
  • Lite-On IT to start production of LED light bulbs in 3Q13

    LED | 48min ago

  • Pegatron expects 10% growth in 2Q13 shipments

    IT + CE | 50min ago

  • Windows RT facing pressure from being isolated

    IT + CE | 55min ago

  • Winbond looks to rising SDRAM prices in 2H13

    Bits + chips | 1h 17min ago

  • Winbond, Macronix shipping NOR flash chips for Xbox One and PS4

    Bits + chips | 1h 18min ago

  • Large-size panel shipments grow 4% in May, says WitsView

    Displays | 2h 15min ago

  • LED business revenues to exceed NT$20 billion in 2013, says Lite-On Group chairman

    LED | 2h 25min ago

  • Blue filter glass in short supply due to white-box smartphone demand

    Displays | 2h 31min ago

  • GSEO sees profits in 2012

    Before Going to Press | 1h 11min ago

  • Acer positions Gateway and Packard Bell as mid-range/entry-level brands

    Before Going to Press | 1h 29min ago

  • IC distributor WPG to see quarterly revenues exceed NT$100 billion in 2Q13

    Before Going to Press | 2h 33min ago

  • Formosa Epitaxy may see 3Q13 revenues grow 20-30% sequentially, says company chairman

    Before Going to Press | 2h 59min ago

  • Innolux expects slowdown in TV panel shipments

    Before Going to Press | 3h 56min ago

  • HTC to continue supplying HTC Butterfly after launch of HTC Butterfly S

    Before Going to Press | 4h 4min ago

Pause
 | 
View more

19-Jun-2013 markets closed

 LastChange

TAIEX (TSE)8007.39-3.63-0.05% 

TSE electronic301.17-1.11-0.37% 

GTSM (OTC)119.93+0.30+0.25% 

OTC electronic144.36+0.41+0.28% 

GKB Security Corporation
Trends in China IC design industry in 2013
2013 TFT LCD industry and market outlook
  • Ultra HD

    Ultra HD is now the industry name for "4K" resolution

  • Full HD handset panel

    Panel makers are gearing up to produce Full HD applications for high-end smartphones.

  • LCD TV panel prices stable

    LCD TV panel prices have stabilized, with the China TV market reporting strong sales during the October 1 National Day holidays.

  • Touch Taiwan 2012

    Many local and foreign makers, such as AUO, CMI and Corning, are at Touch Taiwan 2012 from August 29-31.

  • LCD TV overview - Jun 2011

    Growth of the global LCD TV market was not as strong as expected in 2010 as the market continued to feel the aftershocks of the economic recession that had hit...

  • A glimpse into the e-book reader market - May 2010

    In 2008, worldwide e-book reader shipments totaled only 700,000 units, according to Digitimes Research. But demand exploded in 2009 as consumer interests grew...

  • Overview of LCD TV market - May 2010

    When the economic recession hit at the end of 2008, the LCD TV market seemed to be heading toward a doomsday scenario in 2009; however, demand turned out to be...

  • Large-size LCD panel overview - Jun 2007

    Global large-size LCD panel market revenues are expected to increase at a compound annual growth rate (CAGR) of 12.5% to US$96.2 billion by 2011, up from US$53.5...

  • Trends and shipment forecast for 2H 2012 tablet market

    Digitimes Research remains conservative about the prospects for the period, with half-year shipments projected to reach 49.18 million units and whole-year shipments being revised downward to 88.69 million units.

  • Trends in the China video market

    In addition to strong potential video content demand in China, the market has developed rapidly due to government intervention and delays in establishing copyright protections.

  • 4Q12 trends in the Greater China touch panel industry

    In the second half of 2012, the market focus is on the iPhone 5, which uses in-cell touch screen technology. Due to the integration of display panels and touch panel functions, the high technological threshold will mean Taiwan touch panel makers are unable to enter the iPhone supply chain.