Digitimes Research: Global notebook shipments decline 4.5% sequentially in 3Q12

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Joanne Chien, DIGITIMES Research, Taipei

Monday 15 October 2012

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$22.5 on the TSE on Thursday, May 26, 2022.

The company has reported consolidated revenues of NT$53,921 million for April 2022, representing a 47.5% drop on month and 39.7% drop on year.

For the fourth quarter of 2021, the company totaled NT$367,835 million in consolidated revenues, up 9.2% sequentially and up 10.1% 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
27-May	12,319	4,151	280,448,250	22.65	22.90	22.60	22.80	+0.30	+1.33%	22.75	22.80
26-May	14,988	4,498	338,654,298	22.65	22.75	22.40	22.50	-0.10	-0.44%	22.50	22.55
25-May	15,433	4,610	347,953,310	22.40	22.75	22.20	22.60	+0.40	+1.80%	22.55	22.60
23-May	18,557	8,414	414,254,818	22.60	22.65	22.15	22.20	-0.40	-1.77%	22.20	22.25
20-May	15,084	7,155	341,820,576	22.90	22.95	22.55	22.60	-0.30	-1.31%	22.60	22.65
19-May	13,865	5,114	317,472,863	22.55	23.10	22.55	22.90	-0.15	-0.65%	22.90	22.95
18-May	28,004	10,226	643,330,357	22.80	23.10	22.75	23.05	+0.15	+0.66%	23.00	23.05

Latest sales

Compal: Consolidated revenues, Apr 2021 - Apr 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
Apr-22	53,921	(47.5%)	(39.7%)	321,779	(10.5%)
Mar-22	102,764	24.7%	(5%)	267,858	(0.8%)
Feb-22	82,444	(0.3%)	16.7%	165,094	2%
Jan-22	82,650	(35.3%)	(9.4%)	82,650	(9.4%)
Dec-21	127,709	3.6%	11.7%	1,235,682	17.8%
Nov-21	123,292	5.5%	15.4%	1,107,973	18.6%
Oct-21	116,835	(7.6%)	3.6%	984,681	19%
Sep-21	126,489	23.5%	32.4%	867,847	21.4%
Aug-21	102,386	(5.2%)	22%	741,358	19.7%
Jul-21	107,988	18.1%	20.3%	638,972	19.3%
Jun-21	91,440	14%	11.9%	530,984	19.1%
May-21	80,202	(10.2%)	(8.5%)	439,543	20.8%
Apr-21	89,350	(17.4%)	(5.3%)	359,342	30%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Compal: Consolidated revenues, 4Q20 - 4Q21 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
4Q-21	367,835	9.2%	10.1%	1,235,682	17.8%
3Q-21	336,861	29.1%	25.1%	867,847	21.4%
2Q-21	260,994	(3.3%)	(1%)	530,986	19.1%
1Q-21	269,992	(19.2%)	48.3%	269,992	48.3%
4Q-20	333,987	24.1%	24.8%	1,048,929	7%

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Latest balance sheet and income statement

Compal: Consolidated balance sheet, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021	3Q-2021	2Q-2021	1Q-2021	4Q-2020
Current assets	487,115,390	478,875,128	411,984,020	401,592,642	424,460,635
Intangible assets	1,548,508	1,630,629	1,649,477	1,646,307	1,506,101
Non-current assets	49,979,950	46,347,569	45,671,718	44,548,387	42,465,063
Assets	537,095,340	525,222,697	457,655,738	446,141,029	466,925,698
Current liabilities	402,242,095	397,626,340	331,988,207	319,499,755	335,524,716
Non-current liabilities	13,313,442	10,423,593	12,918,839	15,283,486	15,411,332
Liabilities	415,555,537	408,049,933	344,907,046	334,783,241	350,936,048
Stockholders' equity	121,539,803	117,172,764	112,748,692	111,357,788	115,989,650

*Figures are consolidated
Source: TSE, compiled by Digitimes, May 2022

Compal: Consolidated income statement, 4Q20 - 4Q21 (NT$k)
Item	4Q-2021		3Q-2021		2Q-2021		1Q-2021		4Q-2020
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	367,835,268		336,861,180		260,994,034		269,991,533		333,987,078
Gross profit (loss) from operations	12,444,338	3.4%	10,674,306	3.2%	8,771,348	3.4%	9,601,582	3.6%	12,250,466	3.7%
Operating expenses	8,523,906	2.3%	7,070,110	2.1%	6,222,271	2.4%	6,326,694	2.3%	7,096,910	2.1%
Operating income (loss)	3,920,432	1.1%	3,604,196	1.1%	2,549,077	1%	3,274,888	1.2%	5,153,556	1.5%
Non-operating expenses and losses	658,634	0.2%	2,167,382	0.6%	899,473	0.3%	393,753	0.1%	823,316	0.2%
Income from continuing operations before income tax	4,579,066	1.2%	5,771,578	1.7%	3,448,550	1.3%	3,668,641	1.4%	5,976,872	1.8%
Net income (loss)	3,493,932	0.9%	4,617,558	1.4%	2,720,363	1%	2,908,635	1.1%	4,894,860	1.5%
Diluted earnings per share (NT$)	0.7		1		0.6		0.6		1