Compal president denies Lenovo planning to buy stake in joint venture

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Aaron Lee, Taipei; Adam Hwang, DIGITIMES

Thursday 16 January 2014

Compal Electronics
Compal Electronics is a Taiwan based notebook PC's original design manufacturer (ODM), handling the production of notebook computers and monitors for global PC brands around the world. It is listed in Taiwan Stock Exchange. The company's headquarters is in Taipei, (Taiwan), with offices in the People's Republic of China, South Korea, the United Kingdom, and the United States. Compal's main production facility is in Kunshan, China.

Compal is one of the largest notebook manufacturers.
Performance

The company's stock price closed at NT$19.8 on the TSE on Thursday, April 19, 2018.

The company has reported consolidated revenues of NT$78,364 million for March 2018, representing a 35.3% increase on month and 1% drop on year.

For the fourth quarter of 2017, the company totaled NT$254,840 million in consolidated revenues, up 10% sequentially and up 16.2% on year.

Brief

Full name: Compal Electronics
Chinese name: 仁寶電腦工業股份有限公司
Short name: Compal
Stock code: 2324
Country: Taiwan
Tax ID: 21222725
Market: TSE
Established: 1 Jun 1984
Paid in capital: NT$44.20 billion
Listed on TSE: 18 Feb 1992
Website: www.compal.com
Related news

Latest stock

Compal [2324] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
20-Apr	7,338	2,493	145,258,600	19.70	19.90	19.65	19.90	+0.10	+0.51%	19.85	19.90
19-Apr	8,102	3,310	159,657,950	19.70	19.80	19.60	19.80	+0.25	+1.28%	19.75	19.80
18-Apr	5,655	2,246	110,811,950	19.70	19.70	19.55	19.55	-0.05	-0.26%	19.55	19.60
17-Apr	8,604	3,096	168,614,350	19.70	19.70	19.50	19.60	-0.10	-0.51%	19.55	19.60
16-Apr	7,072	2,496	139,508,200	19.85	19.95	19.65	19.70	-0.25	-1.25%	19.65	19.70
13-Apr	13,450	3,578	267,961,100	19.90	20.05	19.80	19.95	+0.45	+2.31%	19.90	19.95
12-Apr	11,081	3,206	216,573,200	19.60	19.65	19.50	19.50	-0.15	-0.76%	19.50	19.55

Latest sales

Compal: Consolidated revenues, Mar 2017 - Mar 2018 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Mar-18	78,364	35.3%	(1%)	196,100	4.6%
Feb-18	57,942	(3.1%)	1.6%	117,737	8.7%
Jan-18	59,795	(20%)	16.6%	59,795	16.6%
Dec-17	74,778	(20.4%)	4.3%	887,648	15.8%
Nov-17	93,900	9%	32.6%	812,870	16.9%
Oct-17	86,184	4.4%	12.1%	718,971	15.2%
Sep-17	82,535	5.1%	8.1%	632,787	15.6%
Aug-17	78,540	11.4%	21.6%	550,252	16.8%
Jul-17	70,523	(14.6%)	23.9%	471,712	16%
Jun-17	82,606	17.8%	18.2%	401,188	14.8%
May-17	70,121	14.9%	23.7%	318,583	13.9%
Apr-17	61,033	(22.9%)	31.8%	248,461	11.4%
Mar-17	79,115	38.7%	13.7%	187,428	6.1%

*Figures are consolidated
Source: TSE, compiled by Digitimes, April 2018

Compal: Consolidated revenues, 4Q16 - 4Q17 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-17	254,840	10%	16.2%	887,657	15.8%
3Q-17	231,609	8.3%	17%	632,816	15.6%
2Q-17	213,780	14.1%	23.6%	401,208	14.8%
1Q-17	187,428	(14.6%)	6.1%	187,428	6.1%
4Q-16	219,339	10.8%	(6.4%)	766,810	(9.5%)

*Figures are consolidated
Source: TSE, compiled by Digitimes, April 2018

Latest balance sheet and income statement

Compal: Consolidated balance sheet, 4Q16 - 4Q17 (NT$k)
Item	4Q-2017	3Q-2017	2Q-2017	1Q-2017	4Q-2016
Current assets	321,782,654	330,140,546	280,793,240	289,710,910	300,469,007
Intangible assets	1,284,660	1,297,537	1,304,876	1,205,308	1,291,281
Non-current assets	41,573,767	41,951,636	42,539,864	42,241,827	46,547,104
Assets	363,356,421	372,092,182	323,333,104	331,952,737	347,016,111
Current liabilities	231,955,732	241,924,044	192,704,685	197,483,353	209,232,199
Non-current liabilities	22,752,717	22,686,164	25,482,637	24,737,741	25,500,097
Liabilities	254,708,449	264,610,208	218,187,322	222,221,094	234,732,296
Stockholders' equity	108,647,972	107,481,974	105,145,782	109,731,643	112,283,815

*Figures are consolidated
Source: TSE, compiled by Digitimes, April 2018

Compal: Consolidated income statement, 4Q16 - 4Q17 (NT$k)
Item	4Q-2017		3Q-2017		2Q-2017		1Q-2017		4Q-2016
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	254,840,492		231,608,520		213,780,026		187,427,921		219,338,916
Gross profit (loss) from operations	8,391,390	3.3%	7,940,341	3.4%	7,808,413	3.7%	7,824,425	4.2%	9,036,361	4.1%
Operating expenses	5,945,096	2.3%	5,019,820	2.2%	6,916,160	3.2%	4,875,064	2.6%	6,627,587	3%
Operating income (loss)	2,446,294	1%	2,920,521	1.3%	892,253	0.4%	2,949,361	1.6%	2,408,774	1.1%
Non-operating expenses and losses	140,384	0.1%	57,594	0%	202,146	0.1%	-1,494,276	-0.8%	1,337,172	0.6%
Income from continuing operations before income tax	2,586,678	1%	2,978,115	1.3%	1,094,399	0.5%	1,455,085	0.8%	3,745,946	1.7%
Net income (loss)	2,186,001	0.9%	2,446,656	1.1%	417,234	0.2%	1,108,146	0.6%	2,786,175	1.3%
Diluted earnings per share (NT$)	0.5		0.5		0.1		0.2		0.6