TPK to invest US$400 million to set up touch panel factory in China, says paper

TPK to invest US$400 million to set up touch panel factory in China, says paper - related company info

EDN, January 24; Adam Hwang, DIGITIMES [Thursday 24 January 2013]

Financial performance

TPK [3673] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
22-May	3,433	2,676	2,086,016,143	615.00	617.00	600.00	601.00	-5.00	-0.83%	602.00	601.00
21-May	4,863	3,750	2,958,363,455	600.00	617.00	600.00	606.00	+9.00	+1.51%	607.00	606.00
20-May	3,665	2,656	2,203,496,333	600.00	607.00	597.00	597.00	+2.00	+0.34%	597.00	596.00
17-May	6,101	4,700	3,649,389,236	612.00	612.00	590.00	595.00	-15.00	-2.46%	595.00	594.00
16-May	8,920	6,768	5,487,330,750	610.00	624.00	608.00	610.00	+20.00	+3.39%	611.00	610.00
15-May	5,142	4,305	2,979,301,880	568.00	590.00	564.00	590.00	+27.00	+4.80%	590.00	589.00
14-May	3,421	2,890	1,935,549,971	570.00	576.00	560.00	563.00	-6.00	-1.05%	563.00	562.00

TPK: Consolidated revenues, Apr 2012 - Apr 2013 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Apr-13	15,311	(2.9%)	29.1%	64,744	23.8%
Mar-13	15,775	13.6%	18.7%	49,433	22.2%
Feb-13	13,884	(29.8%)	7.3%	33,658	23.9%
Jan-13	19,774	(11.6%)	39%	19,774	39%
Dec-12	22,380	(3.7%)	26%	175,939	25.9%
Nov-12	23,248	37.3%	56%	153,559	25.8%
Oct-12	16,938	26.6%	26.9%	130,311	21.6%
Sep-12	13,378	3.2%	3.3%	113,373	20.9%
Aug-12	12,967	14.6%	21.5%	99,994	23.9%
Jul-12	11,316	2.2%	(3.1%)	87,027	24.2%
Jun-12	11,076	(10.1%)	(3.9%)	75,711	29.7%
May-12	12,324	3.9%	10.3%	64,634	38%
Apr-12	11,858	(10.8%)	14.6%	52,310	46.6%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013

TPK: Consolidated revenues, 4Q11 - 4Q12 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-12	61,476	72.6%	35.2%	173,659	21.1%
3Q-12	35,626	(1.3%)	(11%)	112,183	14.6%
2Q-12	36,081	(10.9%)	10.9%	76,557	32.3%
1Q-12	40,476	(11%)	59.8%	40,476	59.8%
4Q-11	45,478	13.6%	69.7%	143,372	140.6%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013

TPK: Consolidated balance sheet, 4Q11 - 4Q12 (NT$k)
Item	4Q-2012	3Q-2012	2Q-2012	1Q-2012	4Q-2011
Current assets	73,414,953	46,450,888	37,717,317	39,606,429	42,412,128
Long-term investments	3,621,239	3,638,996	3,802,938	3,900,710	4,119,954
Intangible assets	3,321,725	2,068,768	2,142,888	2,107,387	2,194,183
Other assets	382,100	501,730	539,797	281,197	466,902
Assets	131,354,597	100,627,409	89,645,732	89,889,881	92,953,373
Current liabilities	60,375,938	47,500,909	41,200,343	40,036,247	44,314,406
Other liabilities	108,525	108,264	120,171	109,853	131,265
Liabilities	85,139,430	67,240,598	59,322,335	58,470,251	63,590,812
Stockholders' equity	46,215,167	33,386,811	30,323,397	31,419,630	29,362,561

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013

TPK: Consolidated income statement, 4Q11 - 4Q12 (NT$k)
Item	4Q-2012		3Q-2012		2Q-2012		1Q-2012		4Q-2011
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Gross sales	61,898,597		35,763,367		36,109,965		40,477,756		45,676,986
Operating revenue	61,476,361	99.3%	35,625,534	99.6%	36,081,478	99.9%	40,476,013	100%	45,477,740	99.6%
Gross profit (loss) from operations	11,499,217	18.6%	6,384,151	17.9%	6,022,004	16.7%	5,711,784	14.1%	6,303,097	13.8%
Operating expenses	2,626,115	4.2%	2,441,315	6.8%	2,210,082	6.1%	2,128,329	5.3%	2,540,255	5.6%
Operating income (loss)	8,873,102	14.3%	3,942,836	11%	3,811,922	10.6%	3,583,455	8.9%	3,762,842	8.2%
Non-operating revenues and gains	276,160	0.4%	220,826	0.6%	369,844	1%	239,486	0.6%	177,397	0.4%
Income from continuing operations before income tax	8,522,594	13.8%	3,913,294	10.9%	3,843,530	10.6%	3,378,126	8.3%	2,049,734	4.5%
Net income (loss)	5,598,679	9%	3,204,856	9%	2,958,217	8.2%	2,596,957	6.4%	1,475,522	3.2%
Fully-diluted earnings per share (NT$)	15.3		9.5		6.8		10.7		6

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2013

Ultra HD
Ultra HD is now the industry name for "4K" resolution
Full HD handset panel
Panel makers are gearing up to produce Full HD applications for high-end smartphones.
LCD TV panel prices stable
LCD TV panel prices have stabilized, with the China TV market reporting strong sales during the October 1 National Day holidays.
Touch Taiwan 2012
Many local and foreign makers, such as AUO, CMI and Corning, are at Touch Taiwan 2012 from August 29-31.

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