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Innolux Announces Unaudited 2015 Net Income NT$10.8 Billion

Published: Feb 02,2016

Innolux Corporation today announced its 4Q 2015 consolidated revenues and

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2015 full year results. Combined net sales for 4Q 2015 amounted to NT$ 81.5 billion, gross profit was NT$ 2.5 billion, for a gross margin of 3.1%. Operating loss totaled NT$ 2.9 billion with an operating margin of -3.6%. Net loss amounted to NT$ 6.7 billion, for a net profit margin of -8.3%.

For the full year 2015, INX reported consolidated revenues of NT$ 364.1 billion. Gross profit was NT$ 46.6 billion, for a gross margin of 12.8%. Operating profit totaled NT$ 22.4 billion with an operating margin of 6.2%. Net profit amounted to NT$ 10.8 billion. EPS equaled NT$ 1.09.

In finance, the company’s total debt totaled to NT$60 billion, equal to the previous quarter. Net debt to equity ratio was 5%, reaching the lowest point since the merger in 2010.

The Company shipped 28.73 million square meters of panel in 2015, a decrease of 6% over 30.69 million square meters in 2014. For the full year 2015, the company shipped 252 million for small-and-medium-sized units, a 21% decrease over the 320 million units shipped in 2014.

The Company shipped 7.38 million square meters of panel in the fourth quarter 2015, an increase of 4% over the previous quarter. Blended area ASP for TFT-LCD panels averaged US$ 333 per square meter. Small and medium-sized panel revenue amounted to NT$ 17.8 billion in the fourth quarter 2015, a decrease of 3.2% over the previous quarter. The company shipped 0.552 million square meter area of small and medium-sized during the fourth quarter

2015, an increase of 6.5% over the previous quarter.

In terms of product application, Mobile & CP, Mobile PC, Desktop monitor, LCD TV panels accounted for 25%, 13%, 10% and 52% of our net sales, respectively. In terms of product size, 10-inch and below, 10-to-20-inch, 20-to-30-inch, 30-to-40-inch, 40-inch-and

-above panels accounted for 22%, 17%, 16%, 1%, and 44% of our net sales, respectively.

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