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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$11.3 on the TSE on Friday, April 18, 2014.
    The company has reported consolidated revenues of NT$37,322 million for March 2014, representing a 50.1% increase on month and 16% drop on year.
    For the fourth quarter of 2013, the company totaled NT$97,220 million in consolidated revenues, up 0.1% sequentially and down 25% 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

  • Latest stock
    Innolux [3481] historical stock price (NT$)
    DateVolume (k)TransactionsValueOpenHighLowCloseChangeAskBid
    21-Apr 61,972   11.30 11.50 11.20 11.35+0.05+0.44%  
    18-Apr 35,981 4,752 405,155,233 11.30 11.35 11.15 11.30+0.10+0.89% 11.30 11.25
    17-Apr 44,491 6,458 503,112,889 11.40 11.50 11.20 11.20-0.10-0.88% 11.25 11.20
    16-Apr 57,408 9,746 644,145,386 11.05 11.35 11.00 11.30+0.25+2.26% 11.35 11.30
    15-Apr 68,308 9,340 762,983,470 11.25 11.40 11.00 11.05-0.20-1.78% 11.10 11.05
    14-Apr 32,530 5,308 368,100,772 11.40 11.50 11.25 11.25-0.15-1.32% 11.30 11.25
    • Source: TSE, compiled by Digitimes
    Latest sales

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

    Month

    Sales

    M/M

    Y/Y

    YTD

    Y/Y

    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%

    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%

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

    Innolux: Consolidated revenues, 4Q12 - 4Q13 (NT$m)

    Quarter

    Sales

    Q/Q

    Y/Y

    YTD

    Y/Y

    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%

    4Q-12

    129,618

    0.6%

    (5.8%)

    483,610

    (5.2%)

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

    Latest balance sheet and income statement

    Innolux: Consolidated balance sheet, 4Q12 - 4Q13 (NT$k)

    Item

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    4Q-2012

    Current assets

    171,701,969

    163,430,483

    159,077,928

    174,705,011

    173,139,399

    Intangible assets

    21,214,994

    21,644,558

    22,077,056

    22,485,036

    22,909,059

    Non-current assets

    336,498,916

    350,879,802

    367,605,757

    383,425,982

    398,323,758

    Assets

    508,200,885

    514,310,285

    526,683,685

    558,130,993

    571,463,157

    Current liabilities

    300,586,751

    191,960,688

    195,009,203

    214,781,092

    237,566,939

    Non-current liabilities

    13,036,280

    127,137,907

    137,026,938

    151,458,210

    162,539,193

    Liabilities

    313,623,031

    319,098,595

    332,036,141

    366,239,302

    400,106,132

    Stockholders' equity

    194,577,854

    195,211,690

    194,647,544

    191,891,691

    171,357,025

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

    Innolux: Consolidated income statement, 4Q12 - 4Q13 (NT$k)

    Item

    4Q-2013

    3Q-2013

    2Q-2013

    1Q-2013

    4Q-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

     

    Operating revenue

    97,219,724

    74.6%

    97,095,958

    74.5%

    111,567,095

    85.6%

    116,847,723

    89.7%

    129,618,370

    99.5%

    Gross profit (loss) from operations

    4,870,872

    3.7%

    10,073,997

    7.7%

    13,803,399

    10.6%

    9,010,847

    6.9%

    9,346,860

    7.2%

    Operating expenses

    4,936,459

    3.8%

    6,004,197

    4.6%

    5,768,522

    4.4%

    5,700,669

    4.4%

    6,390,428

    4.9%

    Operating income (loss)

    -65,587

    -0.1%

    4,069,800

    3.1%

    8,034,877

    6.2%

    3,310,178

    2.5%

    2,956,432

    2.3%

    Non-operating revenues and gains

     

     

     

     

     

     

    -1,621,336

    -1.2%

    1,152,542

    0.9%

    Non-operating expenses and losses

    -1,156,909

    -0.9%

    -3,142,344

    -2.4%

    0

    0%

     

     

    -6,079,067

    -4.7%

    Income from continuing operations before income tax

    -1,222,496

    -0.9%

    927,456

    0.7%

    4,249,551

    3.3%

    1,688,842

    1.3%

    -3,214,215

    -2.5%

    Net income (loss)

    -1,339,495

    -1%

    683,047

    0.5%

    4,068,637

    3.1%

    1,682,830

    1.3%

    -3,154,191

    -2.4%

    Diluted earnings per share (NT$)

    -0.2

     

    0.1

     

    0.5

     

    0.2

     

    0

     

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

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