Chimei Innolux Corporation Announces Unaudited Third Quarter 2012 Net Sales of NT$ 129.6 Billion and Gross Margin of 3.3%

Chimei Innolux Corporation Announces Unaudited Third Quarter 2012 Net Sales of
                  NT$ 129.6 Billion and Gross Margin of 3.3%

PR Newswire

JHUNAN, Taiwan, Oct. 29, 2012

JHUNAN, Taiwan, Oct. 29, 2012 /PRNewswire-FirstCall/ -- Chimei Innolux
Corporation ("CMI") (TAIEX: 3481) today announced its third quarter 2012
results. Combined net sales for the third quarter 2012 amounted to NT$ 129,552
million, a 15.1% increase over the previous quarter's NT$ 112,522 million.
Gross profit was NT$ 4,246 million, for a gross margin of 3.3%. Operating loss
totaled NT$ 2,214 million with an operating margin of -1.7%. Net loss
attributable to the shareholders of the parent company amounted to NT$ 3,721
million. EPS equaled NT$ -0.51.

CMI unaudited 3Q 2012 Income Statement – QoQ Comparison

NT$ million                                %                   %        QoQ %
                                3Q12       Revenue  2Q12       Revenue
ExceptPerShareData                                            Change
Net Sales                       129,552    100.0%   112,522    100.0%   15.1%
      Cost of Goods Sold        125,306    96.7%    114,479    101.7%   9.5%
Gross Profit (Loss)             4,246      3.3%     (1,957)    (1.7%)   -
      Operating Expenses        6,460      5.0%     5,738      5.1%     12.6%
Operating Income (Loss)         (2,214)    (1.7%)   (7,695)    (6.8%)   -
Net Non-operating Income (Exp.) (1,655)    (1.3%)   (2,188)    (1.9%)   -
Income (Loss) before Tax        (3,869)    (3.0%)   (9,883)    (8.8%)   -
EBITDA^(1)                      18,860     14.6%    14,314     12.7%    31.8%
Net Income (Loss)               (3,720)    (2.9%)   (9,567)    (8.5%)   -
      Net Income (Loss) -Parent (3,721)    (2.9%)   (9,565)    (8.5%)   -
      Basic EPS (NT$)^(2)       (0.51)              (1.35)
Notes:

(1) EBITDA = Operating Income + Depreciation & Amortization

(2) Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common
Shares

(3) All figures are unaudited, prepared by Chimei Innolux Corporation.

(4) Combined results refer to results from other TFT-LCD related subsidiaries
in which Chimei Innolux Corporation has 50% or more ownership, and already
eliminates inter-company transactions between Chimei Innolux Corporation and
these companies to avoid double-counting.

CMI unaudited 3Q 2012 Balance Sheet

NT$ million                   2012.9.30        2012.6.30       2011.9.30
Cash & Short Term Investment  52,672           57,639          58,325
Inventory                     50,304           61,104          65,748
Total Assets                  599,093          636,783         699,355
Short Term Debt ^(1)          88,635           118,492         156,344
Long Term Debt ^(2)           199,316          205,647         187,959
Shareholders' Equity ^ (3)    175,134          173,961         216,878
Net Debt to Shareholders'     134.3%           153.2%          131.9%
Equity
Depreciation & Amortization   21,076           22,007          24,675
Capital Expenditure           4,567            3,290           10,199
Notes

(1) Short term debt = (short-term bank loan + commercial papers + current
portion of long term loan+ obligations under capital leases)

(2) Long term debt = (long-term bank loan + corporate bonds + preferred shares
+ obligations under capital leases)

(3) Capital Stock (common): NT$79.13 billion; Book value per common stock:
NT$22.13

(4) All figures are unaudited, prepared by Chimei Innolux Corporation.

(5) Combined results refer to results from other TFT-LCD related subsidiaries
in which Chimei Innolux Corporation has 50% or more ownership, and already
eliminates inter-company transactions between Chimei Innolux Corporation and
these companies to avoid double-counting.

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 Email: anita.chien@chimei-innolux.com

SOURCE Chimei Innolux Corporation
 
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