• 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$16.15 on the TSE on Wednesday, February 25, 2015.

  The company has reported consolidated revenues of NT$36,048 million for January 2015, representing a 5.7% drop on month and 31.7% increase on year.

  For the third quarter of 2014, the company totaled NT$113,092 million in consolidated revenues, up 1.8% sequentially and up 16.5% 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$99.56 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
  2-Mar	164,316	25,851	2,538,908,907	16.10	16.20	15.10	15.40	-0.70	-4.35%	15.40	15.35
  25-Feb	100,406	12,721	1,621,788,501	16.25	16.35	16.00	16.15	-0.10	-0.62%	16.20	16.15
  24-Feb	123,498	18,740	2,025,679,594	16.60	16.65	16.10	16.25	-0.25	-1.52%	16.25	16.20

  • Source: TSE, compiled by Digitimes

  Latest sales

  Innolux: Consolidated revenues, Jan 2014 - Jan 2015 (NT$m)
  Month	Sales	M/M	Y/Y	YTD	Y/Y
  Jan-15	36,048	(5.7%)	31.7%	36,048	31.7%
  Dec-14	38,209	(0.6%)	18%	428,662	1.4%
  Nov-14	38,456	0.5%	18.5%	390,453	(0%)
  Oct-14	38,281	(0.5%)	18.2%	351,996	(1.7%)
  Sep-14	38,481	0.8%	18.8%	313,715	(3.6%)
  Aug-14	38,180	4.8%	15.6%	275,234	(6.1%)
  Jul-14	36,431	(0.3%)	14.6%	237,054	(8.9%)
  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%)

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, March 2015

  Innolux: Consolidated revenues, 3Q13 - 3Q14 (NT$m)
  Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
  3Q-14	113,092	1.8%	16.5%	313,715	(3.6%)
  2Q-14	111,064	24%	(0.5%)	200,623	(12.2%)
  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%)

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, March 2015

  Latest balance sheet and income statement

  Innolux: Consolidated balance sheet, 3Q13 - 3Q14 (NT$k)
  Item	3Q-2014	2Q-2014	1Q-2014	4Q-2013	3Q-2013
  Current assets	156,775,577	152,388,247	163,533,078	171,701,969	163,430,483
  Intangible assets	20,451,619	20,531,808	20,830,472	21,214,994	21,644,558
  Non-current assets	302,339,512	312,470,595	323,917,081	336,498,916	350,879,802
  Assets	459,115,089	464,858,842	487,450,159	508,200,885	514,310,285
  Current liabilities	177,507,769	191,259,311	191,183,861	300,586,751	191,960,688
  Non-current liabilities	66,166,822	76,990,078	100,527,608	13,036,280	127,137,907
  Liabilities	243,674,591	268,249,389	291,711,469	313,623,031	319,098,595
  Stockholders' equity	215,440,498	196,609,453	195,738,690	194,577,854	195,211,690

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, March 2015

  Innolux: Consolidated income statement, 3Q13 - 3Q14 (NT$k)
  Item	3Q-2014		2Q-2014		1Q-2014		4Q-2013		3Q-2013
  	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
  Operating revenue	113,091,500		111,064,490		89,558,900		97,219,724		97,095,958
  Gross profit (loss) from operations	14,565,886	12.9%	11,804,227	10.6%	5,625,844	6.3%	4,870,872	5%	10,073,997	10.4%
  Operating expenses	5,471,822	4.8%	5,437,854	4.9%	4,446,985	5%	4,936,459	5.1%	6,004,197	6.2%
  Operating income (loss)	9,094,064	8%	6,366,373	5.7%	1,178,859	1.3%	-65,587	-0.1%	4,069,800	4.2%
  Non-operating expenses and losses	-1,346,694	-1.2%	-2,950,198	-2.7%	-1,016,712	-1.1%	-1,156,909	-1.2%	-3,142,344	-3.2%
  Income from continuing operations before income tax	7,747,370	6.9%	3,416,175	3.1%	162,147	0.2%	-1,222,496	-1.3%	927,456	1%
  Net income (loss)	7,359,509	6.5%	3,010,092	2.7%	152,955	0.2%	-1,339,495	-1.4%	683,047	0.7%
  Diluted earnings per share (NT$)	0.8		0.3		0		-0.2		0.1

  *Figures are consolidated
  Source: TSE, compiled by Digitimes, March 2015

• 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)
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• CMI September revenues hit 2012 high (Oct 11)
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• 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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