Taipei, Oct.22, 2012 (CENS)--With growing shipments of 39-inch and 50-inch polarizers, and 58-inch and 65-inch polarizers likely to pass certification by the end of this year, Chimei Materials Technology Corp., a major maker of panel components, is expected to see peaking revenues in the fourth quarter, with profits also likely to grow due to declining Japanese yen recently.
The firm's revenues in the third quarter hit a new high of NT$5.143 billion (US$171.43 million), up 3.54% quarter on quarter (QoQ), with rising gross profit margin due to outstanding product mix. As the firm's capital was increased 10% to NT$4.912 billion (US$163.73 million) in end of the third quarter, Chimei Materials' EPS (earnings per share) in the quarter is predicted to reach NT$0.7~0.9 (US$0.023~0.03), with NT$350~400 million (US$11.67~13.33 million) in net profits.
Chimei Materials scored NT$1.774 billion (US$59.13 million) in consolidated revenues in September, up 7.25% from a month earlier. The firm's chairman Z.Y. He is optimistic about operations in the fourth quarter, mainly due to slight revenue growth of large-sized TV products.
While Chimei Innolux Corp., the largest customer of Chimei Materials, shipped large-sized panels totaling 40.705 million units in the third quarter, with revenues in September hitting a new high this year at NT$45.351 billion (US$1.52 billion), boosting Chimei Materials' operation significantly. Currently Chimei Innolux contributes about 90% of Chimei Materials' revenues.
Presently, 39-inch and 50-inch large-sized TV polarizer accounts for 33% of Chimei Materials' revenues. A representative of the firm says shipments of such products are growing in October, with the 58-inch and 65-inch polarizer now under certification, and will likely to start shipment in November or December.
(by Andrew Wang)
