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The company shipped 13.3 million large-sized panels in the first quarter 2009, which represents a 16% increase over the 11.4 million panels shipped in the fourth quarter 2008. Blended ASP for large-sized panels decreased by 14% to USD $94 per unit over the previous quarter.
CMO with TFT Subsidiaries(1) 1Q09 Income Statement -- QoQ Comparison
NT$ million % % QoQ%
Except Per Share Data 1Q09 Revenue 4Q08 Revenue Change
Net Sales(1) 44,260 100.0% 43,681 100.0% 1.3%
Cost of Goods Sold -60,213 -136.0% -56,870 -130.2% 5.9%
Gross Profit -15,953 -36.0% -13,189 -30.2% 21.0%
Operating Expenses -4,737 -10.7% -6,646 -15.2% -28.7%
Operating Income -20,690 -46.7% -19,835 -45.4% 4.3%
Net Non-operating Income
(Exp.) -93 -0.2% -12,584 -28.8% -99.3%
Provision for Inventory
Loss 0 -- -12,149 -27.8% --
Income before Tax -20,783 -47.0% -32,419 -74.2% -35.9%
Net Income -- Parent(2) -19,570 -44.2% -31,125 -71.3% -37.1%
EBITDA(3) -3,212 -7.3% -2,414 -5.5% 33.1%
Basic EPS (NT$)(4) -2.73 -- -4.28 -- -36.2%
Notes
1. Including TFT LCD related subsidiaries: NBCMO, NBCME, NHCMO, NHCME,
CMOJ and Chi Hsin
2. Net income attributable to the parent company before preferred
dividend
3. EBITDA = Operation Income + Depreciation & Amortization
4. Calculation of basic EPS is after preferred dividend and based on
weighted average of outstanding common shares
5. All figures are unaudited, prepared by Chi Mei Optoelectronics
CMO with TFT Subsidiaries(1) 1Q09 Balance Sheet
NT$ million 1Q09 4Q08 1Q08
Cash & Cash Equivalent 92,019 110,527 26,818
Inventory 23,708 24,985 38,265
Total Assets 569,901 577,600 503,935
Short Term Debt (2) 74,122 60,148 30,338
Long Term Debt 227,951 230,040 130,581
Shareholders' Equity (3) 183,744 201,080 236,385
Net Debt to Shareholders' Equity 114.3% 89.3% 56.7%
Depreciation & Amortization 17,478 17,421 14,955
Capital Expenditure 10,781 18,139 28,025
Notes
1. Including TFT LCD related subsidiaries: NBCMO, NBCME, NHCMO, NHCME,
CMOJ and CHE
2. Short term debt = (short-term bank loan + commercial papers + current
portion of long term loans and obligations under capital leases)
3. Capital Stock (common): NT$ 72.13 billion (net of treasury shares in
1Q 2009)
4. Book value per common stock: NT$ 23.40
5. All figures are unaudited, prepared by Chi Mei Optoelectronics
Announcement Contact:
Denis Chen
CMO Acting Spokesperson
Tel: +886-06-505-3760
Email: ir@cmo.com.tw
Loreta Chen
CMO Public Relations
Tel: +886-06-505-1888 #11202
Email: loreta_chen@cmo.com.tw
SOURCE Chi Mei Optoelectronics (CMO)
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