Innolux : 3481 TT) December 2014 Consolidated Revenues of NT$ 38.2 Billion 2014 Total Revenue NT$ 428.7Billion
January 09, 2015 at 10:36 pm IST
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Innolux Corporation (3481 TT) December 2014 Consolidated Revenues of NT$ 38.2 Billion 2014 Total Revenue NT$ 428.7Billion
Innolux Corporation ("INX") today announced its December 2014 consolidated revenues. INX reported unaudited consolidated revenues of NT$ 38.2 billion in December 2014, a decrease of 0.6% M-o-M and an increase of 18% Y-o-Y. During December 2014, INX shipped approximately 11.3 million units of large-sized products, a decrease of 8.9% M-o-M. Shipments for small-and-medium-sized products were 25.2 million units, a decrease of 4.3% M-o-M.
In the fourth quarter 2014, INX reported unaudited consolidated revenues of NT$ 115 billion, an increase of 1.6% Q-o-Q and an increase of 18.2% Y-o-Y respectively. The fourth quarter's large-sized shipments were 35.8 million units, a decrease of 3.2% over the 37 million units shipped in the previous quarter. Shipments for small-and-medium-sized were nearly 77.5 million units, a 0.6% decrease over the 78 million units shipped in the previous quarter.
Due to the increase in TV panel size and the focus on smart phone panel strategy, YoY shipment decreased while total revenue slightly increased. For the full year 2014, INX reported consolidated revenues of NT$ 428.7 billion, an 1.4% increase over NT$ 422.7 billion in 2013.Shipments of large-sized units reached 141.4 million, an 3% increase over the 137.2 million units shipped in 2013; and 320.2 million for small-and-medium-sized units, a 25% decrease over the 426.9 million units shipped in 2013(note 3).
(Units: NTD million, Thousand units)
December 2014
November 2014
M-o-M Growth
Net Sales
38,209
38,456
-0.6%
Large-sized Shipment
11,307
12,409
-8.9%
Small/Medium-sized Shipment
25,201
26,341
-4.3%
4Q 2014
3Q 2014
Q-o-Q Growth
Net Sales
114,947
113,092
+1.6%
Large-sized Shipment
35,812
36,980
-3.2%
Small/Medium-sized Shipment
77,484
77,954
-0.6%
2014
2013
Y-o-Y Growth
Net Sales
428,662
422,729
+1.4%
Large-sized Shipment
141,404
137,231
+3.0%
Small/Medium-sized Shipment
320,219
426,894
(note 3)-25.0%
Notes:
1. All revenue and shipment figures are unaudited, prepared by Innolux Corporation.
2. Innolux Corporation consolidated revenue includes revenues from other TFT-LCD related subsidiaries in which Innolux Corporation has 50% or more ownership. Inter-company transactions between Innolux Corporation and these companies have been already deducted to avoid double-counting.
3. The product mix of the small-and-medium-sized panel business switched from feature phone to high-priced smart phone segment. Compared with the shipments in 2013, there was a decline of shipment in 2014 but the total revenue slightly increased.
InnoLux Corporation is principally engaged in the manufacture and sales of thin film transistor-liquid crystal display (TFT-LCD) panels and touch modules. The Company provides TFT-LCD panels and touch modules with variable sizes, which are applied in the manufacture of LCD Televisions (TVs), desktop monitors, laptops, mobile phones and portable audio/video players, among others. The Companyâs products are also applied in products of medical, industrial, educational, aerial and other industries. The Company distributes its products in the domestic market and to overseas markets, including Asia, the Americas and Europe, among others.