Chimei Innolux Corporation Announces Unaudited First Quarter 2012 Net Sales of NT$ 109 Billion
JHUNAN, Taiwan, April 30, 2012 /PRNewswire-Asia-FirstCall/ -- Chimei Innolux Corporation ("CMI") (TAIEX: 3481) today announced its first quarter 2012 results. Combined net sales for the first quarter 2012 amounted to NT$ 109,236 million, a 16.2% decrease over the previous quarter's NT$ 130,409 million. Gross loss was NT$ 6,824 million, for a gross margin of -6.2%. Operating loss totaled NT$ 12,129 million with an operating margin of -11.1%. Net loss attributable to the shareholders of the parent company amounted to NT$ 12,766 million. EPS equaled NT$ -1.75.
CMI unaudited 1Q 2012 Income Statement - QoQ Comparison
NT$ million | 1Q12 | % Revenue | 4Q11 | % Revenue | QoQ % | ||||
Except Per Share Data | Change | ||||||||
Net Sales | 109,236 | 100.0% | 130,409 | 100.0% | -16.2% | ||||
Cost of Goods Sold | 116,060 | 106.2% | 141,073 | 108.2% | -17.7% | ||||
Gross Profit | (6,824) | -6.2% | (10,664) | -8.2% | -36.0% | ||||
Operating Expenses | 5,305 | 4.9% | 6,539 | 5.0% | -18.9% | ||||
Operating Income | (12,129) | -11.1% | (17,202) | -13.2% | -29.5% | ||||
Net Non-operating Income (Exp.)(1) | (738) | -0.7% | (4,693) | -3.6% | -84.3% | ||||
Income before Tax | (12,867) | -11.8% | (21,895) | -16.8% | -41.2% | ||||
EBITDA(2) | 9,954 | 9.1% | 5,753 | 4.4% | 73.0% | ||||
Net Income | (12,765) | -11.7% | (19,988) | -15.3% | -36.1% | ||||
Net Income-Parent | (12,766) | -11.7% | (19,992) | -15.3% | -36.1% | ||||
Basic EPS (NT$)(3)(4) | (1.75) | (2.73) |
| ||||||
Notes: (1) CMI recognized NT$3.5 billion non-operating expenses for the antitrust settlement in 4Q11. (2) EBITDA = Operating Income + Depreciation & Amortization (3) Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares (4) Capital Stock (common): NT$73.13 billion (5) All figures are unaudited, prepared by Chimei Innolux Corporation | |||||||||
CMI unaudited 1Q 2012 Balance Sheet
NT$ million | 2012.3.31 | 2011.12.31 | 2011.3.31 | |
Cash & Short Term Investment | 58,048 | 59,449 | 52,727 | |
Inventory | 60,939 | 59,540 | 67,691 | |
Total Assets | 643,250 | 668,479 | 707,736 | |
Short Term Debt (1) | 113,382 | 275,081 | 104,772 | |
Long Term Debt (2)(3) | 215,495 | 49,377 | 207,027 | |
Shareholders' Equity (4) | 183,355 | 196,181 | 246,391 | |
Net Debt to Shareholders' Equity | 147.7% | 135.1% | 105.1% | |
Depreciation & Amortization | 22,083 | 22,955 | 25,086 | |
Capital Expenditure | 3,399 | 8,736 | 15,061 | |
Notes (1) Short term debt = (short-term bank loan + commercial papers + current portion of long term loan+ obligations under capital leases) (2) Long term debt = (long-term bank loan + corporate bonds + preferred shares + obligations under capital leases) (3) Capital Stock (common): NT$73.13 billion; Book value per common stock: NT$ 25.07 (4) All figures are unaudited, prepared by Chimei Innolux Corporation | ||||
Announcement Contact:
Eddie Chen | Anita Chien | |
Spokesperson | Media Contact | |
Tel: +886-(0)6-505-3760 | Tel: +886-(0)6-505-1888 ext.47153 | |
Email: ir@chimei-innolux.com | Cell: +886-(0)911-572-225 | |
SOURCE Chimei Innolux Corporation
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