Innolux Corporation Announces Unaudited 2015 Third Quarter Net Income NT$3.5 Billion and EPS NT$0.35

Units: NTD million except per share data

3Q 2015

2Q 2015

QoQ%

3Q 2014

Net Sales

88,756

93,755

-5.3%

113,092

   Cost of Goods Sold

77,981

87.9%

78,173

83.4%

-0.2%

98,582

87.2%

Gross Profit (Loss)

10,776

12.1%

15,583

16.6%

-30.8%

14,510

12.8%

    Operating Expense

6,069

6.8%

6,190

6.6%

-1.9%

5,500

4.9%

Operating Income (Loss)

4,706

5.3%

9,393

10.0%

-49.9%

9,010

8.0%

Net Non-operating Income(Exp.)

(625)

-0.7%

(2,047)

-2.2%

-

(1,269)

-1.1%

Income before Tax

4,081

4.6%

7,345

7.8%

-44.4%

7,741

6.8%

EBITDA⁽³⁾

17,846

20.1%

23,123

24.7%

-22.8%

23,585

20.9%

Net Income (Loss)

3,482

3.9%

5,406

5.8%

-35.6%

7,360

6.5%

Net Income (Loss)-Parent

3,482

3.9%

5,406

5.8%

-35.6%

7,359

6.5%

Basic EPS ⁽¹⁾⁽²⁾

0.35

0.54

0.77

Notes:

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

(2) Capital Stock (common): NT$99.54 billion as of September 30,2015

(3) EBITDA = Operation Income + Depreciation & Amortization

(4) All figures are unaudited, prepared by INX in accordance with the International Financial Reporting Standards as endorsed in R.O.C. (TIFRS).

(5) Combined figures presented refer to results from other TFT-LCD related subsidiaries in which INX has 50% or more ownership. Inter-company transactions between INX and these companies have been eliminated to avoid double-counting.

Units: NT$ million

2015.9.30

2015.6.30

2014.9.30

Cash & Short Term Investment

41,188

40,724

32,836

Inventory

35,008

33,221

38,390

Total Assets

396,067

401,083

457,268

Short Term Debt ⁽¹⁾

16,352

16,355

73,692

Long Term Debt ⁽²⁾

43,606

51,790

53,664

Shareholders' Equity ⁽³⁾

241,125

236,085

213,959

Net Debt to Shareholders' Equity

8%

12%

44%

Depreciation & Amortization

13,140

13,731

14,576

Capital Expenditure

4,257

3,783

5,749

Notes:

(1) Short term debt = (short-term bank loan + current portion of long term loan)

(2) Capital Stock (common): NT$99.54billion; Book value per common stock: NT$ 24.22 as of September 30, 2015

(3) Net debt to shareholders' equity = (short term debt + long term debt -- cash & short term investment) / shareholders' equity

(4) All figures are unaudited, prepared by Innolux Corporation in accordance with the International Financial Reporting Standards as endorsed in R.O.C. (TIFRS)

(5) Combined figures presented refer to results from other TFT-LCD related subsidiaries in which Innolux Corporation has 50% or more ownership. Inter-company transactions between Innolux Corporation and these companies have been eliminated to avoid double-counting.