Innolux Corp.
In the news
- Apple opts for OLED screens for entire 5G iPhone range Jul 7, 2020
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- Asian stocks skid amid crude oil rout, virus fears Mar 9, 2020
- Asian stocks gain as latest data help ease worries over China epidemic Feb 14, 2020
- LG Display and Samsung race Chinese rivals as LCD woes deepen Sep 24, 2019 See more articles on Innolux Corp.
Company Background
Innolux is Taiwan's leading display panel manufacturer, with assets totaling over $15 billion. It is the world's third-largest flat-panel maker after South Korea's Samsung and LG.
The company manufactures a wide range of LCD panels and touch panel screens used in TVs, desktop computers, laptops, and medical- and automotive-use panels. Innolux employs more than 95,000 people worldwide. Its major plants are in the Taiwanese cities of Zhunan and Tainan. The company also operates module plants in mainland China.
Innolux is looking to grow and has been expanding production capacity. It plans to invest about $3 billion in a sixth-generation LCD plant producing smartphones screens in the southern Taiwanese city of Kaohsiung, hoping to increase its competitiveness against rivals from South Korea and China. The facility will be used to supply a panel factory that employs low-temperature polysilicon technology -- used in Apple's iPhones -- and expected to enter production in late 2016.
Innolux also focuses on LCD panels for 4K TVs, which boast image resolutions four times finer than full high-definition TVs.
A subsidiary of Foxconn Technology Group in Taiwan, Innolux was established in 2003. It merged with Chi Mei Optoelectronics and Toppoly Optoelectronics in 2010, in what was the industry's largest-ever merger. Chimei Innolux was renamed Innolux in 2012 to differentiate it from the Chimei brand.
Chairman Tuan Hsing-chien is considered an LCD industry pioneer. Before joining Innolux, he founded Taiwan's first thin-film transistor LCD company, Unipac Optoelectronics. Unipac later merged with Acer Display Technology to form AU Optronics, an Innolux rival in Taiwan.
Business Summary
Financial Highlights
| Dec 2021 | TWD | USD |
| Revenue | 350,076.69M | 12,533.23M |
| Gross Profit | 91,380.78M | 3,271.55M |
| Operating income | 62,713.07M | 2,245.21M |
| Income before tax | 62,345.96M | 2,232.07M |
| Net income | 57,534.46M | 2,059.81M |
| EBITDA | 98,985.93M | 3,543.83M |
| Diluted EPS | 5.90 | 0.21 |
| Dividends Per Share | 2.10 | 0.07 |
| Total Assets | 467,519.59M | 16,898.09M |
| Total liabilities | 162,722.65M | 5,881.47M |
| Total equity | 304,347.40M | 11,000.37M |
| Operating cash flow | 102,287.66M | 3,662.04M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 329,174.40M | 279,376.11M | 251,971.20M | 269,911.05M | 350,076.69M |
| Gross Profit | 68,603.33M | 26,677.16M | 2,857.72M | 23,703.48M | 91,380.78M |
| Operating income | 47,022.20M | 4,835.29M | -19,933.89M | 1,811.79M | 62,713.07M |
| Income before tax | 48,666.33M | 6,125.56M | -16,832.72M | 2,380.57M | 62,345.96M |
| Net income | 37,028.60M | 2,222.76M | -17,442.99M | 1,636.14M | 57,534.46M |
| EBITDA | 80,575.52M | 40,702.70M | 15,171.31M | 37,352.11M | 98,985.93M |
| Diluted EPS | 4.01 | 0.24 | -1.95 | 0.18 | 5.90 |
| Dividends Per Share | 0.88 | 0.06 | 0.11 | 0.44 | 2.10 |
| Total Assets | 414,858.75M | 411,919.60M | 369,764.34M | 379,559.83M | 467,519.59M |
| Total liabilities | 150,533.71M | 156,928.89M | 137,654.31M | 141,992.79M | 162,722.65M |
| Total equity | 264,325.04M | 254,990.70M | 231,927.70M | 237,369.66M | 304,347.40M |
| Operating cash flow | 82,921.06M | 53,581.33M | 14,638.94M | 22,540.18M | 102,287.66M |
| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
| Revenue | 10,820.02M | 9,264.83M | 8,151.05M | 9,166.76M | 12,533.23M |
| Gross Profit | 2,255.00M | 884.68M | 92.44M | 805.02M | 3,271.55M |
| Operating income | 1,545.62M | 160.35M | -644.84M | 61.53M | 2,245.21M |
| Income before tax | 1,599.67M | 203.13M | -544.52M | 80.84M | 2,232.07M |
| Net income | 1,217.13M | 73.71M | -564.26M | 55.56M | 2,059.81M |
| EBITDA | 2,648.53M | 1,349.80M | 490.77M | 1,268.55M | 3,543.83M |
| Diluted EPS | 0.13 | 0.00 | -0.06 | 0.00 | 0.21 |
| Dividends Per Share | 0.02 | 0.00 | 0.00 | 0.01 | 0.07 |
| Total Assets | 13,940.85M | 13,401.42M | 12,334.93M | 13,508.42M | 16,898.09M |
| Total liabilities | 5,058.51M | 5,105.53M | 4,591.99M | 5,053.48M | 5,881.47M |
| Total equity | 8,882.33M | 8,295.88M | 7,736.85M | 8,447.91M | 11,000.37M |
| Operating cash flow | 2,725.63M | 1,776.89M | 473.55M | 765.51M | 3,662.04M |
Valuation Measures
| Dec 2021 | |
| PER | 3.54 |
| ROA | 13.58% |
| ROE | 21.24% |
| Operating margin | 17.91% |
| Profit margin | 16.43% |
Key executives
- Chairman & Chief Executive Officer: Jim Hung
- President, Chief Operating Officer & Director: Yang Chu-Hsiang
- Chief Financial Officer: Jhih-Siou Liou
- Director & Executive Vice President: Chin Lung Ting
- Vice President & General Manager-Mobile Product: Yang Hung-Wen
Shareholders
- Hon Hai Precision Industry Co., Ltd. (3.0%)
- Labor Pension New Fund (2.8%)
- Chi Mei Corp. (2.5%)
- Foxconn Technology Co., Ltd. (2.3%)
- The Vanguard Group, Inc. (1.9%)
- BlackRock Fund Advisors (1.9%)
- Dimensional Fund Advisors LP (1.4%)
- Norges Bank Investment Management (1.3%)
- KUO TAI MING /HONHAI/ (1.3%)
- Labor Pension Old Fund (1.1%)
Contact Details
- Website:http://www.innolux.com
- Address: No. 160 Kesyue Road, Hsinchu Science Park, Miaoli, 35053, Taiwan
- Phone: +886.37.58.6600
Related Companies
- InnoCare Optoelectronics Corp.
- Innolux Singapore Holding Pte Ltd.
- InnoJoy Investment Corp.
- Huawu Electronics (Samoa) Co. Ltd.
- Ningbo Innolux Technology Ltd.
- Innolux Japan Co., Ltd.
- Ningbo Chi Mei Optoelectronics Ltd.
- Yuan Chi Investment Co. Ltd. /Innolux/
- Innolux Corp. /Tree Valley Branch/
- Innolux Corp.- Fab Shanghai
- Golden Achiever International Ltd.
- Bright Information Holding Ltd.
- Gold Union Investments Ltd.
- Keyway Investment Management Ltd.
- Yuan Chi Investment Co., Ltd.
- Chan Shen Science & Technology Investment Co. Ltd.
- TPO Displays Sweden AB
- Chi Mei Energy Corp.
- Chi Mei Optoelectronics Europe BV
- Chi Mei Optoelectronics Japan Co., Ltd.
- Innolux Hong Kong Holding Ltd.
- Chun Yi Investment Co. Ltd. /Entire/
- Leadtek Global Group Ltd.
- Landmark International Ltd.
- Chi Mei Optoelectronics (Singapore) Pte Ltd.
- Innolux Holding Ltd.
- Toppoly Optoelectronics (BVI) Ltd.
Competitors
- BOE Technology Group Co., Ltd. Class A
- TCL Technology Group Corporation Class A
- AUO Corporation
- LG Display Co., Ltd
- e-Litecom Co., Ltd
- DSK Co., Ltd
- INVENIA Co., Ltd.
- VIA optronics AG Sponsored ADR
- Visteon Corporation
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