JHUNAN, Aug. 7, 2012 /PRNewswire-Asia-FirstCall/ -- Chimei Innolux Corporation ("CMI") (TAIEX: 3481) today announced its second quarter 2012 results. Combined net sales for the second quarter 2012 amounted to NT$ 112,522 million, a 3% increase over the previous quarter's NT$ 109,236 million. Gross loss was NT$ 1,957 million, for a gross margin of -1.7%. Operating loss totaled NT$ 7,695 million with an operating margin of -6.8%. Net loss attributable to the shareholders of the parent company amounted to NT$ 9,565 million. EPS equaled NT$ -1.31.
CMI unaudited 2Q 2012 Income Statement - QoQ Comparison
|
NT$ million |
2Q12 |
% Revenue |
1Q12 |
% Revenue |
QoQ % |
|||
|
Except Per Share Data |
Change |
|||||||
|
Net Sales |
112,522 |
100.0% |
109,236 |
100.0% |
3.0% |
|||
|
Cost of Goods Sold |
114,479 |
101.7% |
116,060 |
106.2% |
-1.4% |
|||
|
Gross Profit |
(1,957) |
-1.7% |
(6,824) |
-6.2% |
-71.3% |
|||
|
Operating Expenses |
5,738 |
5.1% |
5,305 |
4.9% |
8.2% |
|||
|
Operating Income |
(7,695) |
-6.8% |
(12,129) |
-11.1% |
-36.6% |
|||
|
Net Non-operating Income (Exp.) |
(2,188) |
-1.9% |
(738) |
-0.7% |
196.5% |
|||
|
Income before Tax |
(9,883) |
-8.8% |
(12,868) |
-11.8% |
-23.2% |
|||
|
EBITDA(1) |
14,314 |
12.7% |
9,954 |
9.1% |
43.8% |
|||
|
Net Income |
(9,567) |
-8.5% |
(12,765) |
-11.7% |
-25.1% |
|||
|
Net Income-Parent |
(9,565) |
-8.5% |
(12,766) |
-11.7% |
-25.1% |
|||
|
Basic EPS (NT$)(2) |
(1.31) |
(1.75) |
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|
Notes: |
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|
(1) EBITDA = Operating Income + Depreciation & Amortization |
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|
(2) Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares |
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|
(3) All figures are unaudited, prepared by Chimei Innolux Corporation. |
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|
(4) Combined results refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation |
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CMI unaudited 2Q 2012 Balance Sheet
|
NT$ million |
2012.6.30 |
2012.3.31 |
2011.6.30 |
|
Cash & Short Term Investment |
57,639 |
58,255 |
71,603 |
|
Inventory |
61,104 |
60,986 |
68,799 |
|
Total Assets |
636,783 |
643,862 |
723,790 |
|
Short Term Debt (1) |
118,492 |
113,663 |
136,352 |
|
Long Term Debt (2) |
205,647 |
215,495 |
208,794 |
|
Shareholders' Equity (3) |
173,961 |
183,355 |
231,762 |
|
Net Debt to Shareholders' Equity |
153.2% |
147.7% |
118.0% |
|
Depreciation & Amortization |
22,007 |
22,083 |
25,042 |
|
Capital Expenditure |
3,290 |
3,399 |
10,589 |
|
Notes: |
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|
(1) Short term debt = (short-term bank loan + commercial papers + current portion of long term loan+ obligations |
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|
(2) Long term debt = (long-term bank loan + corporate bonds + preferred shares + obligations under capital leases) |
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|
(3) Capital Stock (common): NT$73.13 billion; Book value per common stock: NT$23.79 |
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|
(4) All figures are unaudited, prepared by Chimei Innolux Corporation. |
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|
(5) Combined results refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation |
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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: ir@chimei-innolux.com |
