• 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
• 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
  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

• 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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