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 % |
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Except Per Share Data |
Change |
||||||||
Net Sales |
109,236 |
100.0% |
130,409 |
100.0% |
-16.2% |
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Cost of Goods Sold |
116,060 |
106.2% |
141,073 |
108.2% |
-17.7% |
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Gross Profit |
(6,824) |
-6.2% |
(10,664) |
-8.2% |
-36.0% |
||||
Operating Expenses |
5,305 |
4.9% |
6,539 |
5.0% |
-18.9% |
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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% |
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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% |
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Net Income |
(12,765) |
-11.7% |
(19,988) |
-15.3% |
-36.1% |
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Net Income-Parent |
(12,766) |
-11.7% |
(19,992) |
-15.3% |
-36.1% |
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Basic EPS (NT$)(3)(4) |
(1.75) |
(2.73) |
|
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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$73.13 billion (5) All figures are unaudited, prepared by Chimei Innolux Corporation |
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CMI unaudited 1Q 2012 Balance Sheet
NT$ 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 |
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Announcement Contact:
Eddie Chen |
Anita Chien |
|
Spokesperson |
Media Contact |
|
Tel: +886-(0)6-505-3760 |
Tel: +886-(0)6-505-1888 ext.47153 |
|
Email: [email protected] |
Cell: +886-(0)911-572-225 |
|
Email: [email protected] |
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SOURCE Chimei Innolux Corporation
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