Innolux Corporation Announces Unaudited 2016 Second Quarter Gross profit NT$1.55 Billion

Units: NTD million except per share data

2Q 2016

1Q 2016

QoQ%

2Q 2015

Net Sales

66,805

100.0%

56,417

100.0%

18.4%

93,755

100%

   Cost of Goods Sold

65,251

97.7%

60,455

107.2%

7.9%

78,173

83.4%

Gross Profit (Loss)

1,554

2.3%

(4,038)

-7.2%

15,583

16.6%

    Operating Expense

4,592

6.9%

4,365

7.7%

5.2%

6,190

6.6%

Operating Income (Loss)

(3,039)

-4.5%

(8,402)

-14.9%

9,393

10.0%

Net Non-operating Income(Exp.)

168

0.3%

(131)

-0.2%

(2,047)

-2.2%

Income before Tax

(2,871)

-4.3%

(8,534)

-15.1%

7,345

7.8%

EBITDA⁽³⁾

7,408

11.1%

3,046

5.4%

143.2%

23,123

24.7%

Net Income (Loss)

(3,476)

-5.2%

(8,582)

-15.2%

5,406

5.8%

Net Income (Loss)-Parent

(3,476)

-5.2%

(8,582)

-15.2%

5,406

5.8%

Basic EPS ⁽¹⁾⁽²⁾

(0.35)

(0.86)

0.54

Notes:

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

(2) Capital Stock (common): NT$99.5 billion as of June 30,2016

(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) INX 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

2016.6.30

2016.3.31

2015.6.30

Cash & Short Term Investment

39,599

36,462

40,724

Inventory

25,395

29,164

33,221

Total Assets

349,288

351,258

401,083

Short Term Debt ⁽¹⁾

21,612

19,251

16,355

Long Term Debt ⁽²⁾

35,468

35,445

51,790

Shareholders' Equity ⁽³⁾

214,685

222,810

236,085

Net Debt to Shareholders' Equity

8%

8%

12%

Depreciation & Amortization

10,446

11,448

13,731

Capital Expenditure

6,858

7,459

3,783

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 + obligations under capital leases)

(3) Capital Stock (common): NT$99.5 billion; Book value per common stock: NT$ 21.57 as of June 30,2016

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

(5) INX 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.