CPT (TAIEX: 2475) today (02/05) announced the financial results of 4Q09. Consolidated sales for 4Q09 approximated NT$16,773 million, down 12.8% QoQ and down 0.2% YoY. TFT consolidated sales revenue totaled NT$14,525 million; representing a 15.6% decrease QoQ and a 3.8% increase YoY. The large-sized panel shipments in 4Q09 totaled 4,774 thousand, down 7.7% QoQ. The revenue generated by small- and medium-sized panels reached NT$3,689 million, up 0.3% QoQ. Meanwhile, the shipments of small- and medium-sized panels were 53,456 thousand, up 22.1% QoQ. TFT 4Q09 gross margin decreased to -23.2% from -12.4%. 4Q09 consolidated Income before tax decreased to NT$-12,193 million from NT-$4,677 million in 3Q09. 4Q09 Inventory turnover days decreased to 32 days from 33 days in 3Q09. Consolidated sales revenue of CRT business totaled NT$2,246 million, up 10.3% QoQ.
CPT’s Consolidated Income Statement for 4Q09 (1) (2)
Unit: NT$ million except per share data
4Q09 Consolidated Income Statement
4Q09 TFT BU Consolidated Income Statement
Amount
%
Amount
%
Net Sales
16,773
100.0
14,525
100.0
Gross Profit
(3,703)
(22.1)
(3,364)
(23.2)
Operating Income
(6,476)
(38.6)
(5,913)
(40.7)
Income after tax
(11,918)
(71.1)
EPS (NT$) (3)
(0.72)
-
-
-
Note: (1) The consolidated financial reports are based on ROC GAAP. (2) All consolidated financial reports provided by CPT are un-audited. (3) EPS is diluted EPS for income after tax.
CPT’s TFT-LCD Large Size Panel Shipment and Product Mix for 4Q09
4Q09
3Q09
Shipment (Unit:K pcs)
4,774
5,175
Monitor Panel (%)
51%
50%
Notebook Panel (%)
23%
30%
TV Panel (%)
26%
20%
[Contact] IR Dept. Yu-Ling Chen
Tel: (886)-03-367-5151 ext. 3998