Chimei Innolux Corporation Announces Unaudited Second Quarter 2011
TFT-LCD Related Net Sales of NT$ 122 Billion
JHUNAN, Taiwan, Aug. 4, 2011 /PRNewswire-Asia-FirstCall/ -- Chimei Innolux Corporation (CMI) (TAIEX: 3481) today announced its combined second quarter 2011 TFT-LCD net sales of NT$ 121,696 million, a 2.1% decrease over the previous quarter's NT$ 124,327 million. Gross loss was NT$ 6,625 million, for a gross margin of -5.4%. Operating loss totaled NT$ 12,900 million with an operating margin of -10.6%. Net loss attributable to the shareholders of the parent company amounted to NT$ 13,010 million. EPS equaled NT$ -1.78.
CMI with TFT Subsidiaries 2Q 2011 Income Statement - QoQ Comparison |
||||||||||||
NT$ million |
2Q11 |
% of |
1Q11 |
% of |
QoQ % |
|||||||
Except Per Share Data |
|
Revenue |
|
Revenue |
Change |
|||||||
Net Sales |
121,696 |
100.0% |
124,327 |
100.0% |
(2.1%) |
|||||||
Cost of Goods Sold |
128,321 |
105.4% |
130,958 |
105.3% |
(2.0%) |
|||||||
Gross Profit |
(6,625) |
(5.4%) |
(6,631) |
(5.3%) |
(0.1%) |
|||||||
Operating Expenses |
6,275 |
5.2% |
6,916 |
5.6% |
(9.3%) |
|||||||
Operating Income |
(12,900) |
(10.6%) |
(13,547) |
(10.9%) |
(4.8%) |
|||||||
Net Non-operating Income (Exp.) |
(602) |
(0.5%) |
(815) |
(0.7%) |
(26.1%) |
|||||||
Income before Tax |
(13,502) |
(11.1%) |
(14,362) |
(11.6%) |
(6.0%) |
|||||||
EBITDA(1) |
12,142 |
10.0% |
11,539 |
9.3% |
5.2% |
|||||||
Net Income |
(13,013) |
(10.7%) |
(13,803) |
(11.1%) |
(5.7%) |
|||||||
Net Income-Parent |
(13,010) |
(10.7%) |
(13,804) |
(11.1%) |
(5.8%) |
|||||||
Basic EPS (NT$)(2) |
(1.78) |
|
|
(1.89) |
|
|
|
|||||
Notes: (1) EBITDA = Operating Income + Depreciation & Amortization (2) Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares (3) All figures are unaudited, prepared by Chimei Innolux Corporation |
||||||||||||
CMI with TFT Subsidiaries 2Q 2011 Balance Sheet |
||||
NT$ million |
2Q11 |
1Q11 |
2Q10 |
|
Cash & Short Term Investment |
71,603 |
52,727 |
58,777 |
|
Inventory |
68,797 |
67,691 |
64,729 |
|
Total Assets |
711,175 |
707,736 |
720,363 |
|
Short Term Debt (1) |
136,352 |
104,772 |
101,117 |
|
Long Term Debt(2) |
208,794 |
207,027 |
183,569 |
|
Shareholders' Equity (3) |
231,762 |
246,391 |
289,467 |
|
Net Debt to Shareholders' Equity |
118.0% |
105.1% |
78.0% |
|
|
||||
Depreciation & Amortization |
25,042 |
25,086 |
23,433 |
|
Capital Expenditure |
10,681 |
15,061 |
25,542 |
|
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$73.13 billion; Book value per common stock: NT$ 31.69 (4) All figures are unaudited, prepared by Chimei Innolux Corporation |
||||
Announcement Contact: |
||
Eddie Chen |
Loreta Chen |
|
Spokesperson |
Public Relations |
|
Tel: +886-06-505-3760 |
Tel: +886-06-505-1888 #47151 |
|
Email: [email protected] |
Email: [email protected] |
|
SOURCE Chimei Innolux Corporation
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