• 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$15.6 on the TSE on Wednesday, June 28, 2017.

  The company has reported consolidated revenues of NT$28,092 million for May 2017, representing a 1% drop on month and 24.8% increase on year.

  For the first quarter of 2017, the company totaled NT$86,026 million in consolidated revenues, down 3.8% sequentially and up 52.5% 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$99.53 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

  • Taiwan large-size LCD panel shipments top 60 million in 4Q16
  • Ultra HD TV shipments to reach 30 million in 2015, says Innolux
  • 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
• Latest stock

  Innolux [3481] historical stock price (NT$)
  Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
  29-Jun	151,271	19,995	2,367,515,679	15.80	15.95	15.35	15.45	-0.15	-0.96%	15.40	15.45
  28-Jun	258,904	37,282	4,140,240,676	16.50	16.65	15.60	15.60	-0.35	-2.19%	15.60	15.65
  27-Jun	219,342	29,598	3,515,894,697	16.15	16.25	15.80	15.95	-0.05	-0.31%	15.95	16.00
  26-Jun	231,297	31,909	3,644,582,287	15.50	16.00	15.50	16.00	+0.75	+4.92%	15.95	16.00
  23-Jun	138,539	18,397	2,114,031,227	15.10	15.40	15.05	15.25	+0.20	+1.33%	15.25	15.30
  22-Jun	156,801	24,438	2,366,409,160	15.15	15.25	15.00	15.05	+0.05	+0.33%	15.00	15.05
  21-Jun	304,397	40,040	4,515,798,363	14.40	15.05	14.40	15.00	+0.60	+4.17%	15.00	15.05

  • Source: TSE, compiled by Digitimes

  Latest sales

  Innolux: Consolidated revenues, May 2016 - May 2017 (NT$m)
  Month	Sales	M/M	Y/Y	YTD	Y/Y
  May-17	28,092	(1%)	24.8%	142,499	42.7%
  Apr-17	28,382	(9.5%)	35.6%	114,407	47.9%
  Mar-17	31,354	14.4%	67.6%	86,026	52.5%
  Feb-17	27,412	0.6%	64.9%	54,672	45%
  Jan-17	27,260	(15.2%)	29.3%	27,260	29.3%
  Dec-16	32,152	10.2%	21.7%	287,089	(21.2%)
  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%)

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, June 2017

  Innolux: Consolidated revenues, 1Q16 - 1Q17 (NT$m)
  Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
  1Q-17	86,026	(3.8%)	52.5%	86,026	52.5%
  4Q-16	89,382	20%	9.7%	287,089	(21.2%)
  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%)

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, June 2017

  Latest balance sheet and income statement

  Innolux: Consolidated balance sheet, 1Q16 - 1Q17 (NT$k)
  Item	1Q-2017	4Q-2016	3Q-2016	2Q-2016	1Q-2016
  Current assets	122,740,178	126,998,131	107,113,619	110,483,838	108,812,385
  Intangible assets	18,326,577	18,446,321	18,642,727	18,832,779	19,090,785
  Non-current assets	236,825,427	244,481,417	247,796,924	238,804,533	242,445,976
  Assets	359,565,605	371,479,548	354,910,543	349,288,371	351,258,361
  Current liabilities	121,768,253	116,165,904	110,974,476	97,872,822	91,887,681
  Non-current liabilities	2,250,386	29,307,281	28,591,123	36,730,103	36,560,388
  Liabilities	124,018,639	145,473,185	139,565,599	134,602,925	128,448,069
  Stockholders' equity	235,546,966	226,006,363	215,344,944	214,685,446	222,810,292

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, June 2017

  Innolux: Consolidated income statement, 1Q16 - 1Q17 (NT$k)
  Item	1Q-2017		4Q-2016		3Q-2016		2Q-2016		1Q-2016
  	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
  Operating revenue	86,025,771		89,382,367		74,484,602		66,805,188		56,417,120
  Gross profit (loss) from operations	20,345,021	23.6%	19,801,886	22.2%	8,769,040	11.8%	1,555,025	2.3%	-4,037,460	-7.2%
  Operating expenses	5,712,985	6.6%	5,806,538	6.5%	4,910,922	6.6%	4,592,955	6.9%	4,364,827	7.7%
  Operating income (loss)	14,632,036	17%	13,995,348	15.7%	3,858,118	5.2%	-3,037,930	-4.5%	-8,402,287	-14.9%
  Non-operating expenses and losses	722,153	0.8%	-1,134,795	-1.3%	-322,864	-0.4%	167,823	0.3%	-131,293	-0.2%
  Income from continuing operations before income tax	15,354,189	17.8%	12,860,553	14.4%	3,535,254	4.7%	-2,870,107	-4.3%	-8,533,580	-15.1%
  Net income (loss)	11,858,119	13.8%	10,869,457	12.2%	3,058,266	4.1%	-3,475,528	-5.2%	-8,581,508	-15.2%
  Diluted earnings per share (NT$)	1.2		1.1		0.3		-0.4		-0.9

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, June 2017

• 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)

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