Today's Information |
Provided by: INNOLUX CORPORATION | |||||
SEQ_NO | 1 | Date of announcement | 2022/07/28 | Time of announcement | 14:13:16 |
Subject | Innolux Corporation Reports Second Quarter 2022 | ||||
Date of events | 2022/07/28 | To which item it meets | paragraph 31 | ||
Statement | 1.Date of submission to the board of directors or approval by the board of directors:2022/07/28 2.Date of approval by the audit committee:2022/07/28 3.Start and end dates of financial reports or annual self-assessed financial information of the reporting period (XXXX/XX/XX~XXXX/XX/XX):2022/01/01~ 2022/06/30 4.Operating revenue accumulated from 1/1 to end of the period (thousand NTD):127,787,606 5.Gross profit (loss) from operations accumulated from 1/1 to end of the period (thousand NTD):9,259,453 6.Net operating income (loss) accumulated from 1/1 to end of the period (thousand NTD):(3,494,233) 7.Profit (loss) before tax accumulated from 1/1 to end of the period (thousand NTD):(2,051,806) 8.Profit (loss) accumulated from 1/1 to end of the period (thousand NTD):(2,809,342) 9.Profit (loss) during the period attributable to owners of parent accumulated from 1/1 to end of the period (thousand NTD):(2,850,530) 10.Basic earnings (loss) per share accumulated from 1/1 to end of the period (NTD):(0.27) 11.Total assets end of the period (thousand NTD):455,603,638 12.Total liabilities end of the period (thousand NTD):167,810,795 13.Equity attributable to owners of parent end of the period (thousand NTD):287,315,104 14.Any other matters that need to be specified:Innolux Corporation (3481.TW) announced its 2Q 2022 consolidated revenues of NT$ 57.9 billion, operating loss of NT$ 5.7 billion, net loss of NT$ 4.7 billion, and a basic EPS of NT$ -0.45, depreciation & amortization of NT$ 8.3 billion and capital expenditure of NT$ 6.0 billion. In 2Q22, the Company shipped 6.52 million square meters of total panel, a decrease of 1.6% quarter-on-quarter. Blended area ASP for TFT-LCD panels averaged US$ 296 per square meter. Small and medium-sized panel revenues were NT$ 11.7 billion in 2Q22, an increase of 1.2% quarter-on-quarter. The Company shipped 820.8 thousand square meters of small and medium-sized panel during the second quarter of 2022, an increase of 19.1% quarter-on-quarter. In 2Q22, in terms of product application, Mobile PC, Mobile & CP, Desktop, and TV panels accounted for 28%, 30%, 12% and 30% of 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 21%, 35%, 16%, 5%, and 23% of net sales, respectively. Looking back at the second quarter of 2022, global economy was hindered by Russia-Ukraine war, stationary management for Covid-19 in some China cities, global inflation and Fed interest rate rise. These issues were unfavorable to panel demand and price and led to a QoQ revenue drop of 17.1% in 2Q22 for the Company. Looking forward to the third quarter of 2022, the impact on economy and market demand brought by external variables is uncertain. The Company will closely monitor the market and adjust utilization flexibly. At the same time, the acceleration of non-display products development and high value products help secure the operation and financial conditions thus enhancing the Company's immunity to market fluctuation. On the basis of our current business outlook, the Company expects its 3Q22 guidance as follows: Large panel Shipments to be flat QoQ Blended ASP to be down high single digit % QoQ Small & Medium panel Shipments to be down high teens % QoQ |
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Innolux Corporation published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 06:27:07 UTC.