TFT-LCD Related Net Sales of NT$ 122 Billion
JHUNAN, 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$)(2) | (1.78) | (1.89) | |||||||||
| Notes: (1) EBITDA = Operating Income + Depreciation & Amortization (2) Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares (3) All figures are unaudited, prepared by Chimei Innolux Corporation |
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| CMI with TFT Subsidiaries 2Q 2011 Balance Sheet | |||
| NT$ 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 |
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| Announcement Contact: | |
| Eddie Chen | Loreta Chen |
| Spokesperson | Public Relations |
| Tel: +886-06-505-3760 | Tel: +886-06-505-1888 #47151 |
| Email: ir@chimei-innolux.com | Email: loreta.chen@chimei-innolux.com |
