Innolux revenues increase 21.7% on year in December

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Innolux revenues increase 21.7% on year in December

Rodney Chan, DIGITIMES, Taipei

Monday 9 January 2017

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$11.9 on the TSE on Thursday, June 23, 2022.

The company has reported consolidated revenues of NT$18,005 million for May 2022, representing a 12.6% drop on month and 42.6% drop on year.

For the first quarter of 2022, the company totaled NT$69,886 million in consolidated revenues, down 12.6% sequentially and down 16.6% 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$99.52 billion
Listed on TSE: 24 Oct 2006
Listed on ESB: 5 Jul 2005
Public since: 17 Jan 2005
Website: www.chimei-innolux.com
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Latest stock

Innolux [3481] historical stock price (NT$)
Date	Volume (k)	Transactions	Value	Open	High	Low	Close	Change		Ask	Bid
24-Jun	85,354	14,122	1,050,251,725	12.10	12.50	12.10	12.30	+0.40	+3.36%	12.25	12.30
23-Jun	175,001	24,849	2,132,130,043	12.60	12.70	11.90	11.90	-0.60	-4.80%	11.90	11.95
22-Jun	167,895	24,321	2,140,466,991	13.25	13.25	12.50	12.50	-0.75	-5.66%	12.50	12.55
21-Jun	123,194	13,022	1,628,497,997	13.10	13.40	12.95	13.25	+0.35	+2.71%	13.25	13.30
20-Jun	143,911	15,399	1,876,609,650	13.35	13.45	12.90	12.90	-0.45	-3.37%	12.90	12.95
17-Jun	168,759	19,815	2,233,530,500	13.30	13.60	12.95	13.35	-0.05	-0.37%	13.35	13.40

Source: TSE, compiled by Digitimes

Latest sales

Innolux: Consolidated revenues, May 2021 - May 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
May-22	18,005	(12.6%)	(42.6%)	108,501	(25.5%)
Apr-22	20,610	(13.9%)	(32.1%)	90,496	(20.8%)
Mar-22	23,923	9%	(22.8%)	69,886	(16.6%)
Feb-22	21,950	(8.6%)	(13.4%)	45,963	(13%)
Jan-22	24,013	(9.5%)	(12.7%)	24,013	(12.7%)
Dec-21	26,521	(0.3%)	(1.8%)	350,077	29.7%
Nov-21	26,591	(0.8%)	1.9%	323,556	33.2%
Oct-21	26,805	(9%)	7.4%	296,965	37%
Sep-21	29,454	(6.2%)	11.8%	270,160	40.8%
Aug-21	31,384	(2.7%)	28.4%	240,706	45.5%
Jul-21	32,248	2.3%	35.7%	209,322	48.4%
Jun-21	31,513	0.4%	30.3%	177,074	51%
May-21	31,377	3.4%	42.3%	145,561	56.4%

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

Innolux: Consolidated revenues, 1Q21 - 1Q22 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
1Q-22	69,886	(12.6%)	(16.6%)	69,886	(16.6%)
4Q-21	79,917	(14.2%)	2.4%	350,077	29.7%
3Q-21	93,086	(0.2%)	24.8%	270,160	40.8%
2Q-21	93,236	11.2%	39.4%	177,074	51%
1Q-21	83,839	7.4%	66.4%	83,839	66.4%

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

Latest balance sheet and income statement

Innolux: Consolidated balance sheet, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022	4Q-2021	3Q-2021	2Q-2021	1Q-2021
Current assets	190,592,611	175,821,223	177,714,774	168,259,375	157,883,530
Intangible assets	17,523,477	17,520,594	17,524,343	17,526,548	17,516,564
Non-current assets	276,132,161	291,698,367	283,627,431	273,572,059	245,952,967
Assets	466,724,772	467,519,590	461,342,205	441,831,434	403,836,497
Current liabilities	114,329,880	116,553,507	112,866,945	109,812,552	109,600,701
Non-current liabilities	45,532,165	46,169,152	50,471,005	51,367,666	35,701,610
Liabilities	159,862,045	162,722,659	163,337,950	161,180,218	145,302,311
Stockholders' equity	306,862,727	304,796,931	298,004,255	280,651,216	258,534,186

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

Innolux: Consolidated income statement, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022		4Q-2021		3Q-2021		2Q-2021		1Q-2021
Item	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales	NT$k	% of sales
Operating revenue	69,886,018		79,916,576		93,085,886		93,235,532		83,838,696
Gross profit (loss) from operations	8,571,807	12.3%	12,140,427	15.2%	26,869,053	28.9%	30,863,700	33.1%	21,626,500	25.8%
Operating expenses	6,329,183	9.1%	7,097,142	8.9%	7,856,940	8.4%	7,086,762	7.6%	6,745,761	8%
Operating income (loss)	2,242,624	3.2%	5,043,285	6.3%	19,012,113	20.4%	23,776,938	25.5%	14,880,739	17.7%
Non-operating expenses and losses	86,715	0.1%	1,466,224	1.8%	965,540	1%	-450,861	-0.5%	-2,282,881	-2.7%
Income from continuing operations before income tax	2,329,339	3.3%	6,509,509	8.1%	19,977,653	21.5%	23,326,077	25%	12,597,858	15%
Net income (loss)	1,902,432	2.7%	5,954,983	7.5%	18,603,670	20%	21,419,452	23%	11,567,018	13.8%
Diluted earnings per share (NT$)	0.2		0.6		1.7		2		1.1

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

Innolux Corporation (formerly Chimei Innolux) full profile

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