Taipei, Tuesday, July 29, 2014 10:46 (GMT+8)
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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$15.15 on the TSE on Monday, July 28, 2014.
    The company has reported consolidated revenues of NT$36,555 million for June 2014, representing a 0.6% increase on month and 10.3% increase on year.
    For the first quarter of 2014, the company totaled NT$89,559 million in consolidated revenues, down 7.9% sequentially and down 23.4% 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$91.06 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
    29-Jul 118,879   15.40 15.50 15.00 15.00-0.15-0.99%  
    28-Jul 158,697 19,830 2,411,189,234 15.10 15.40 15.05 15.15+0.20+1.34% 15.15 15.10
    25-Jul 87,799 11,982 1,318,435,670 15.15 15.25 14.90 14.95-0.15-0.99% 15.00 14.95
    24-Jul 150,322 19,647 2,291,399,452 15.10 15.40 15.10 15.10+0.05+0.33% 15.15 15.10
    22-Jul 83,019 10,668 1,241,231,640 15.00 15.10 14.75 15.05+0.10+0.67% 15.05 15.00
    21-Jul 87,732 13,858 1,324,610,413 15.20 15.25 14.90 14.95-0.10-0.66% 15.00 14.95
    • Source: TSE, compiled by Digitimes
    Latest sales

    Innolux: Consolidated revenues, Jun 2013 - Jun 2014 (NT$m)

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    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%)

    Jan-14

    27,368

    (15.5%)

    (30.4%)

    27,368

    (30.4%)

    Dec-13

    32,369

    (0.3%)

    (27%)

    422,729

    (12.1%)

    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%

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

    Innolux: Consolidated revenues, 1Q13 - 1Q14 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    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%)

    2Q-13

    111,567

    (4.5%)

    (0.3%)

    228,415

    1.5%

    1Q-13

    116,848

    (9.9%)

    3.3%

    116,848

    3.3%

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

    Latest balance sheet and income statement

    Innolux: Consolidated balance sheet, 1Q13 - 1Q14 (NT$k)

    Item

    1Q-2014

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    Current assets

    163,533,078

    171,701,969

    163,430,483

    159,077,928

    174,705,011

    Intangible assets

    20,830,472

    21,214,994

    21,644,558

    22,077,056

    22,485,036

    Non-current assets

    323,917,081

    336,498,916

    350,879,802

    367,605,757

    383,425,982

    Assets

    487,450,159

    508,200,885

    514,310,285

    526,683,685

    558,130,993

    Current liabilities

    191,183,861

    300,586,751

    191,960,688

    195,009,203

    214,781,092

    Non-current liabilities

    100,527,608

    13,036,280

    127,137,907

    137,026,938

    151,458,210

    Liabilities

    291,711,469

    313,623,031

    319,098,595

    332,036,141

    366,239,302

    Stockholders' equity

    195,738,690

    194,577,854

    195,211,690

    194,647,544

    191,891,691

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

    Innolux: Consolidated income statement, 1Q13 - 1Q14 (NT$k)

    Item

    1Q-2014

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    NT$k

    % of sales

    Operating revenue

    89,558,900

     

    97,219,724

     

    97,095,958

     

    111,567,095

     

    116,847,723

     

    Gross profit (loss) from operations

    5,625,844

     

    4,870,872

     

    10,073,997

     

    13,803,399

     

    9,010,847

     

    Operating expenses

    4,446,985

     

    4,936,459

     

    6,004,197

     

    5,768,522

     

    5,700,669

     

    Operating income (loss)

    1,178,859

     

    -65,587

     

    4,069,800

     

    8,034,877

     

    3,310,178

     

    Non-operating expenses and losses

    -1,016,712

     

    -1,156,909

     

    -3,142,344

     

    -3,785,326

     

    -1,621,336

     

    Income from continuing operations before income tax

    162,147

     

    -1,222,496

     

    927,456

     

    4,249,551

     

    1,688,842

     

    Net income (loss)

    152,955

     

    -1,339,495

     

    683,047

     

    4,068,637

     

    1,682,830

     

    Diluted earnings per share (NT$)

    0

     

    -0.2

     

    0.1

     

    0.5

     

    0.2

     

    *Figures are consolidated
    Source: TSE, compiled by Digitimes, July 2014

Realtime news
  • Taiwan solar firms may rely on markets other than US in 2H14

    Green energy | 1min ago

  • Taiwan market: Acer, Asustek see opportunities from enterprise PC replacement trend

    IT + CE | 12h 42min ago

  • Competition for notebook panels may heat up due to South Korea makers increasing output, say Taiwan makers

    Displays | Jul 28, 21:27

  • LG Innotek signs cooperation to focus on Li-Fi business, says report

    Before Going to Press | Jul 28, 21:32

  • M31 Technology obtains USB-IF certification for USB 3.0 Device controller IC solutions via cooperation with Innovative Logic

    Before Going to Press | Jul 28, 21:09

  • Baidu to release smartphone with MediaTek processor, says report

    Before Going to Press | Jul 28, 21:07

  • Digitimes Research: Smartphone AP shipments in China to grow sequentially in 3Q, 4Q14

    Before Going to Press | Jul 28, 21:05

  • Holtek nets NT$1.65 per share for 1H14

    Before Going to Press | Jul 28, 21:04

  • Innolux posts 2Q14 net EPS of NT$0.33

    Before Going to Press | Jul 28, 21:04

  • Tatung to set up rooftop PV systems with total installation capacity of 4MWp in Pescadores

    Before Going to Press | Jul 28, 21:04

  • Aces enjoys orders from BMW and Benz

    Before Going to Press | Jul 28, 21:01

  • Foxconn said to invest in Anhui, China

    Before Going to Press | Jul 28, 21:00

  • TWM foresees sequential drop in 3Q14 profitability

    Before Going to Press | Jul 28, 20:59

  • Asustek, Gigabyte releasing new gaming notebooks in 3Q14 to challenge MSI

    Before Going to Press | Jul 28, 20:59

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29-Jul-2014 markets closed

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TAIEX (TSE)9420.18-19.11-0.2% 

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OTC electronic181.01-3.18-1.73% 

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