[Financial Updates] Innolux Announces January 2018 Consolidated Revenues and Unaudited Net Income for 2017

(Image: TechNews)

Innolux Corporation announced its January 2018 consolidated revenues, with unaudited consolidated revenues of NT$26.1 billion in January 2018, a decrease 3.5 % M-o-M and a decrease of 4.2 % Y-o-Y. During January 2018, it shipped 10.1 million units of large-sized products, a decrease of 4.6 % M-o-M. Shipments for small-and-medium-sized products were 24.24 million units, a decrease of 6.4 % MoM.

It also reported its 4Q 2017 consolidated revenues. Combined net sales for 4Q 2017 amounted to NT$ 79.1 billion, gross profit was NT$ 11.2 billion, for a gross margin of 14.1%. Operating profit totaled NT$ 5.7 billion with an operating profit of 7.2%. Net profit amounted to NT$ 4.3 billion, for a net profit margin of 5.4%. EBITDA margin of 18%, with a basic EPS of NT$ 0.43.

For the full year of 2017, Innolux reported consolidated revenues of NT$ 329.2 billion. Gross profit was NT$ 68.7 billion, for a gross margin of 20.9%. Operating profit totaled NT$ 47 billion with an operating margin of 14.3%. Net profit amounted to NT$ 37 billion. EPS equaled NT$ 3.72.

In finance, the company’s total debt came down to NT$ 28.2 billion, equal to the previous quarter. Net debt to equity ratio of -14%.

The Company shipped 28.47 million square meters of panel in 2017, an increase of 5.4% over 27.01 million square meters in 2016. For the full year 2017, the company shipped 271 million for small-and-medium-sized units, a 20.4% increase over the 225 million units shipped in 2016.

The Company shipped 7.72 million square meters of panel in the fourth quarter 2017, an increase of 10.6% over the previous quarter. Blended area ASP for TFT-LCD panels averaged US$ 341 per square meter. Small and medium-sized panel revenue amounted to NT$ 19.1 billion in the fourth quarter 2017, an increase of 1.6% over the previous quarter. The company shipped 676.6 thousand square meter area of small and medium-sized during the fourth quarter 2017, a decrease of 0.5% over the previous quarter.     

In terms of product application, Mobile & CP, Mobile PC, Desktop, TV panels accounted for 28%, 16%, 11% and 45% of our net sales, respectively. In terms of product size, 10-inch and below, 10-to-20-inch, 20-to-30-inch, 40-inch-and -above panels accounted for 24%, 19%, 13%, and 41% of our net sales, respectively.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Luminus Devices, Inc., a manufacturer of high-performance LEDs and solid-state light sources, has expanded its horticulture LED portfolio with new SST-20 series white LEDs to complement the extensive range of discrete wavelengths from UVA (365... READ MORE

The significant drop in light output (green gap phenomenon) exhibited by green LEDs has often been the cause of efficiency problems and high costs in customer applications. For its indium gallium nitride (InGaN)-based green LEDs, Osram Opto Se... READ MORE