Compal may need to declare NT$700 million loss in 2Q17 and 3Q17 due to LeEco debt, says paper

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Joseph Tsai, DIGITIMES, Taipei

Wednesday 5 July 2017

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$22.75 on the TSE on Thursday, June 30, 2022.

The company has reported consolidated revenues of NT$89,268 million for May 2022, representing a 65.6% increase on month and 11.3% increase on year.

For the first quarter of 2022, the company totaled NT$267,858 million in consolidated revenues, down 27.2% sequentially and down 0.8% 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
1-Jul	23,450	6,866	524,973,134	22.55	22.55	22.25	22.40	-0.35	-1.54%	22.35	22.40
30-Jun	25,224	4,896	570,689,435	22.60	22.80	22.40	22.75	+0.20	+0.89%	22.70	22.75
29-Jun	11,281	4,043	254,732,214	22.65	22.75	22.50	22.55	-0.35	-1.53%	22.55	22.60
28-Jun	10,232	2,671	233,134,718	22.90	22.95	22.65	22.90	+0.10	+0.44%	22.85	22.90
27-Jun	10,551	3,831	241,365,586	22.95	23.05	22.70	22.80	+0.05	+0.22%	22.80	22.85
24-Jun	9,931	4,254	226,083,808	23.00	23.00	22.55	22.75	-0.10	-0.44%	22.75	22.80
23-Jun	9,990	2,925	227,328,890	22.90	22.95	22.55	22.85	+0.15	+0.66%	22.70	22.85

Latest sales

Compal: Consolidated revenues, May 2021 - May 2022 (NT$m)
Month	Sales	M/M	Y/Y	YTD	Y/Y
May-22	89,268	65.6%	11.3%	411,047	(6.5%)
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%

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

Compal: Consolidated revenues, 1Q21 - 1Q22 (NT$m)
Quarter	Sales	Q/Q	Y/Y	YTD	Y/Y
1Q-22	267,858	(27.2%)	(0.8%)	267,858	(0.8%)
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%

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

Latest balance sheet and income statement

Compal: Consolidated balance sheet, 1Q21 - 1Q22 (NT$k)
Item	1Q-2022	4Q-2021	3Q-2021	2Q-2021	1Q-2021
Current assets	476,061,727	487,115,390	478,875,128	411,984,020	401,592,642
Intangible assets	1,648,286	1,548,508	1,630,629	1,649,477	1,646,307
Non-current assets	53,769,043	49,979,950	46,347,569	45,671,718	44,548,387
Assets	529,830,770	537,095,340	525,222,697	457,655,738	446,141,029
Current liabilities	398,468,240	402,242,095	397,626,340	331,988,207	319,499,755
Non-current liabilities	14,038,386	13,313,442	10,423,593	12,918,839	15,283,486
Liabilities	412,506,626	415,555,537	408,049,933	344,907,046	334,783,241
Stockholders' equity	117,324,144	121,539,803	117,172,764	112,748,692	111,357,788

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

Compal: 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	267,857,679		367,835,268		336,861,180		260,994,034		269,991,533
Gross profit (loss) from operations	9,771,784	3.6%	12,444,338	3.4%	10,674,306	3.2%	8,771,348	3.4%	9,601,582	3.6%
Operating expenses	6,961,893	2.6%	8,523,906	2.3%	7,070,110	2.1%	6,222,271	2.4%	6,326,694	2.3%
Operating income (loss)	2,809,891	1%	3,920,432	1.1%	3,604,196	1.1%	2,549,077	1%	3,274,888	1.2%
Non-operating expenses and losses	215,496	0.1%	658,634	0.2%	2,167,382	0.6%	899,473	0.3%	393,753	0.1%
Income from continuing operations before income tax	3,025,387	1.1%	4,579,066	1.2%	5,771,578	1.7%	3,448,550	1.3%	3,668,641	1.4%
Net income (loss)	2,404,645	0.9%	3,493,932	0.9%	4,617,558	1.4%	2,720,363	1%	2,908,635	1.1%
Diluted earnings per share (NT$)	0.5		0.7		1		0.6		0.6