• 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$14.95 on the TSE on Monday, July 21, 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
• Related news

  • 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
  • AUO, CMI land orders for TV panels in 2013
  • CMI to focus on Ultra HD TV panels for product differentiation in 2013
• Latest stock

  Innolux [3481] historical stock price (NT$)
  Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
  22-Jul	82,622			15.00	15.10	14.75	15.05	+0.10	+0.67%
  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
  18-Jul	91,065			14.85	15.20	14.85	15.05	+0.10	+0.67%
  17-Jul	126,303	18,373	1,894,399,327	14.85	15.20	14.85	14.95	+0.15	+1.01%	15.00	14.95
  16-Jul	118,580	18,704	1,757,583,543	14.95	15.10	14.60	14.80	+0.00	+0.00%	14.80	14.75
  15-Jul	108,741	16,745	1,646,378,296	15.30	15.40	14.95	15.15	-0.05	-0.33%	15.15	15.10

  • 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

• 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)

Related stories
• Taiwan 3Q12 FPD production value over NT$370 billion, says IEK (Nov 23)
• Innolux tops 3Q12 panel suppliers for China-based TV vendors, says paper (Nov 20)
• CMI likely to swing back to profitability in 4Q12, say sources (Oct 31)
• CMI, AUO expected to see shrinking 3Q12 net operating losses (Oct 15)
• CMI September revenues hit 2012 high (Oct 11)
• AUO, CMI expected to see increased revenues in September, October (Oct 2)
• CMI to ramp up 39-inch TV panels, including 4Kx2K models, in 2013 (Oct 1)
• CMI nearly at full capacity, says chairman (Sep 19)
• CMI and AUO continue to benefit from product differentiation (Sep 17)

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