Chimei Innolux Corporation Announces Unaudited Third Quarter 2012 Net Sales of NT$ 129.6 Billion and Gross Margin of 3.3%
JHUNAN, Taiwan, Oct. 29, 2012 /PRNewswire-FirstCall/ -- Chimei Innolux Corporation ("CMI") (TAIEX: 3481) today announced its third quarter 2012 results. Combined net sales for the third quarter 2012 amounted to NT$ 129,552 million, a 15.1% increase over the previous quarter's NT$ 112,522 million. Gross profit was NT$ 4,246 million, for a gross margin of 3.3%. Operating loss totaled NT$ 2,214 million with an operating margin of -1.7%. Net loss attributable to the shareholders of the parent company amounted to NT$ 3,721 million. EPS equaled NT$ -0.51.
CMI unaudited 3Q 2012 Income Statement – QoQ Comparison
| NT$ million |
3Q12 |
% Revenue |
2Q12 |
% Revenue |
QoQ % Change |
|||
| Except Per Share Data |
||||||||
| Net Sales |
129,552 |
100.0% |
112,522 |
100.0% |
15.1% |
|||
| Cost of Goods Sold |
125,306 |
96.7% |
114,479 |
101.7% |
9.5% |
|||
| Gross Profit (Loss) |
4,246 |
3.3% |
(1,957) |
(1.7%) |
- |
|||
| Operating Expenses |
6,460 |
5.0% |
5,738 |
5.1% |
12.6% |
|||
| Operating Income (Loss) |
(2,214) |
(1.7%) |
(7,695) |
(6.8%) |
- |
|||
| Net Non-operating Income (Exp.) |
(1,655) |
(1.3%) |
(2,188) |
(1.9%) |
- |
|||
| Income (Loss) before Tax |
(3,869) |
(3.0%) |
(9,883) |
(8.8%) |
- |
|||
| EBITDA(1) |
18,860 |
14.6% |
14,314 |
12.7% |
31.8% |
|||
| Net Income (Loss) |
(3,720) |
(2.9%) |
(9,567) |
(8.5%) |
- |
|||
| Net Income (Loss) -Parent |
(3,721) |
(2.9%) |
(9,565) |
(8.5%) |
- |
|||
| Basic EPS (NT$)(2) |
(0.51) |
(1.35) |
||||||
| Notes: (1) EBITDA = Operating Income + Depreciation & Amortization (2) Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares (3) All figures are unaudited, prepared by Chimei Innolux Corporation. (4) Combined results refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Innolux Corporation and these companies to avoid double-counting. |
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CMI unaudited 3Q 2012 Balance Sheet
| NT$ million |
2012.9.30 |
2012.6.30 |
2011.9.30 |
| Cash & Short Term Investment |
52,672 |
57,639 |
58,325 |
| Inventory |
50,304 |
61,104 |
65,748 |
| Total Assets |
599,093 |
636,783 |
699,355 |
| Short Term Debt (1) |
88,635 |
118,492 |
156,344 |
| Long Term Debt (2) |
199,316 |
205,647 |
187,959 |
| Shareholders' Equity (3) |
175,134 |
173,961 |
216,878 |
| Net Debt to Shareholders' Equity |
134.3% |
153.2% |
131.9% |
| Depreciation & Amortization |
21,076 |
22,007 |
24,675 |
| Capital Expenditure |
4,567 |
3,290 |
10,199 |
| 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$79.13 billion; Book value per common stock: NT$22.13 (4) All figures are unaudited, prepared by Chimei Innolux Corporation. (5) Combined results refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Innolux Corporation and these companies to avoid double-counting. |
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Announcement Contact:
| Chen-Hui Lin |
Anita Chien |
| Spokesperson |
Media Contact |
| Tel: +886-(0)6-505-3760 |
Tel: +886-(0)6-505-1888 ext.47153 |
| Cell: +886-(0)968-960-866 |
Cell: +886-(0)911-572-225 |
| Email: [email protected] |
Email: [email protected] |
SOURCE Chimei Innolux Corporation
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