Innolux Corp.


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Jan 19, 2018
Prev close: 14.2
Jan 19, 2018
Market cap:
Market cap(USD):
Shares: 9,952.07M

Currency in TWD

Company profile

Market(Ticker): TAI(3481)
Electronic Technology
Electronic Components
Full time employees: 65,531

Business summary

Innolux Corp. is engaged in the manufacture and sale of thin-film-transistor liquid-crystal display and touch panel modules. It offers television, desktop monitors and notebook computer, audio and video, and mobile panels. It also offers glass, film, and one glass capacitive touch panels. The company was founded on January 14, 2003 and is headquartered in Miaoli, Taiwan.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 287,089.27M
Gross profit 25,902.11M
Operating income 6,413.24M
Income before tax 4,804.66M
Net income 1,870.68M
EBITDA 47,820.65M
Diluted EPS 0.19
Dividends per share 0.09
Total assets 371,479.54M
Total liabilities 145,473.18M
Total equity 226,006.36M
Operating cash flow 33,383.29M

Currency in TWD

Revenue 8,901.77M
Gross profit 803.14M
Operating income 198.85M
Income before tax 148.97M
Net income 58.00M
EBITDA 1,482.77M
Diluted EPS 0.00
Dividends per share 0.00
Total assets 11,526.25M
Total liabilities 4,513.73M
Total equity 7,012.51M
Operating cash flow 1,035.11M

Currency in USD

Valuation measures

Dec 2016

PER 61.05
ROA 0.49%
ROE 0.81%
Operating margin 2.23%
Profit margin 0.65%

Key executive

  • Chairman & Chief Executive Officer: Chih Chao Wang
  • President, Chief Operating Officer & Spokesman: Shiao Chih-Hung
  • Head-Finance Department & Deputy Spokesman: Chien Lang Lo
  • Director & Executive Vice President: Chin Lung Ting
  • Deputy General Manager: Chih Hung Hsiao

Share holders

  • Chi Mei Corp.(5.7%)
  • Hon Hai Precision Industry Co., Ltd.(3.2%)
  • Dimensional Fund Advisors LP(3.0%)
  • The Vanguard Group, Inc.(2.9%)
  • Cathay Life Insurance Co., Ltd. (Invt Port)(2.4%)
  • GOU TERRY(2.4%)
  • BlackRock Fund Advisors(2.2%)
  • Compal Electronics, Inc.(1.3%)
  • Norges Bank Investment Management(1.3%)
  • Foxconn Technology Co., Ltd.(1.2%)


  • Website:
  • Address: No. 160 Kesyue Road, Hsinchu Science Park, Miaoli, 35053, Taiwan
  • Phone: +886.37.58.6600

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