• 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$10.9 on the TSE on Friday, September 23, 2016.

  The company has reported consolidated revenues of NT$25,062 million for August 2016, representing a 9.8% increase on month and 9.9% drop on year.

  For the second quarter of 2016, the company totaled NT$66,805 million in consolidated revenues, up 18.4% sequentially and down 28.8% 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

  • 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
  • AUO, CMI land orders for TV panels in 2013
• Latest stock

  Innolux [3481] historical stock price (NT$)
  Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
  26-Sep	24,253	4,956	260,616,538	10.85	10.85	10.65	10.65	-0.25	-2.29%	10.65	10.70
  23-Sep	32,828	5,241	359,305,246	10.95	11.05	10.85	10.90	+0.00	+0.00%	10.90	10.95
  22-Sep	37,888	6,575	415,480,463	11.15	11.15	10.85	10.90	-0.10	-0.91%	10.85	10.90
  21-Sep	70,628	9,576	781,521,620	11.10	11.20	10.95	11.00	+0.10	+0.92%	11.00	11.05
  20-Sep	66,472	10,792	718,490,602	10.65	11.00	10.60	10.90	+0.25	+2.35%	10.85	10.90
  19-Sep	29,134	5,193	309,522,409	10.55	10.70	10.55	10.65	+0.25	+2.40%	10.60	10.65

  • Source: TSE, compiled by Digitimes

  Latest sales

  Innolux: Consolidated revenues, Aug 2015 - Aug 2016 (NT$m)
  Month	Sales	M/M	Y/Y	YTD	Y/Y
  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%)
  Apr-16	20,935	11.9%	(35.4%)	77,352	(41.7%)
  Mar-16	18,705	12.5%	(49.3%)	56,417	(43.7%)
  Feb-16	16,627	(21.1%)	(38.9%)	37,713	(40.4%)
  Jan-16	21,085	(20.2%)	(41.5%)	21,085	(41.5%)
  Dec-15	26,424	3.8%	(30.9%)	364,133	(15.1%)
  Nov-15	25,457	(13.9%)	(33.8%)	337,709	(13.5%)
  Oct-15	29,583	(5.5%)	(22.7%)	312,252	(11.3%)
  Sep-15	31,295	12.6%	(18.7%)	282,669	(9.9%)
  Aug-15	27,805	(6.2%)	(27.2%)	251,374	(8.7%)

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, September 2016

  Innolux: Consolidated revenues, 2Q15 - 2Q16 (NT$m)
  Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
  2Q-16	66,805	18.4%	(28.8%)	123,222	(36.5%)
  1Q-16	56,417	(30.8%)	(43.7%)	56,417	(43.7%)
  4Q-15	81,464	(8.2%)	(29.1%)	364,133	(15.1%)
  3Q-15	88,756	(5.3%)	(21.5%)	282,669	(9.9%)
  2Q-15	93,755	(6.4%)	(15.6%)	193,913	(3.3%)

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, September 2016

  Latest balance sheet and income statement

  Innolux: Consolidated balance sheet, 2Q15 - 2Q16 (NT$k)
  Item	2Q-2016	1Q-2016	4Q-2015	3Q-2015	2Q-2015
  Current assets	110,483,838	108,812,385	138,866,987	144,710,483	143,147,113
  Intangible assets	18,832,779	19,090,785	19,342,856	19,507,985	19,722,306
  Non-current assets	238,804,533	242,445,976	248,575,349	251,356,028	259,402,450
  Assets	349,288,371	351,258,361	387,442,336	396,066,511	402,549,563
  Current liabilities	97,872,822	91,887,681	110,471,463	110,454,679	112,385,966
  Non-current liabilities	36,730,103	36,560,388	44,706,150	44,486,697	52,628,379
  Liabilities	134,602,925	128,448,069	155,177,613	154,941,376	165,014,345
  Stockholders' equity	214,685,446	222,810,292	232,264,723	241,125,135	237,535,218

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, September 2016

  Innolux: Consolidated income statement, 2Q15 - 2Q16 (NT$k)
  Item	2Q-2016		1Q-2016		4Q-2015		3Q-2015		2Q-2015
  	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
  Operating revenue	66,805,188		56,417,120		81,463,607		88,756,324		93,755,186
  Gross profit (loss) from operations	1,555,025	2.3%	-4,037,460	-7.2%	2,526,811	3.1%	10,772,654	12.1%	15,596,583	16.6%
  Operating expenses	4,592,955	6.9%	4,364,827	7.7%	5,424,779	6.7%	6,067,007	6.8%	6,190,344	6.6%
  Operating income (loss)	-3,037,930	-4.5%	-8,402,287	-14.9%	-2,897,968	-3.6%	4,705,647	5.3%	9,406,239	10%
  Non-operating expenses and losses	167,823	0.3%	-131,293	-0.2%	-3,727,621	-4.6%	-624,056	-0.7%	-2,063,283	-2.2%
  Income from continuing operations before income tax	-2,870,107	-4.3%	-8,533,580	-15.1%	-6,625,589	-8.1%	4,081,591	4.6%	7,342,956	7.8%
  Net income (loss)	-3,475,528	-5.2%	-8,581,508	-15.2%	-6,723,193	-8.3%	3,481,924	3.9%	5,406,121	5.8%
  Diluted earnings per share (NT$)	-0.4		-0.9		-0.7		0.3		0.5

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, September 2016

• 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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