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    Electronic technology

  3. •

    Electronic components
Innolux Corp.

Innolux Corp.

TTWSE:3481
46.75
TWD
-1.75
(-3.61%)
0.88EPS
84.66P/E
548.30BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
62.31
60.42
48.5
38.15
43.72
37.1
33.79
36.91
40.28
25.04
22.79
25.31
28.39
32
Basic EPS, GAAP
0.75
3.06
1.44
0.25
4.92
0.3
-2.34
0.22
6.62
-3.13
-2.01
0.76
0.03
0.81
Free Cash Flow per Basic Share
8.45
11.87
7.53
-1.43
7.61
0.77
-1.48
0.23
8.47
-2.58
-1.27
0.17
1.05
2.16
Dividend per Share
- -
0.01
0.93
0.26
0.13
1.06
0.08
- -
0.36
1.24
- -
- -
0.75
- -
Book Value per Share
27.67
30.23
30.84
30.02
35.11
33.87
31.83
31.56
38.09
31.75
28.57
29.04
27.73
28.19
Tangible Book Value per Share
24.63
27.55
28.27
27.57
32.73
31.52
29.42
29.23
35.9
29.55
26.37
26.83
22.19
22.7
Basic Weighted Avg Shares
6,784
7,095
7,507
7,526
7,530
7,530
7,458
7,312
8,691
8,934
9,291
8,553
7,985
7,652
Sales/Revenue/Turnover
422,731
428,662
364,133
287,089
329,174
279,376
251,971
269,911
350,077
223,716
211,741
216,510
226,724
244,905
Operating Margin (%)
3.63
6.57
6.16
2.23
14.28
1.73
-7.91
0.67
17.91
-14.15
-8.84
-3.66
-1.83
0.4
Depreciation Expense
77,851
60,900
53,571
41,419
33,564
35,878
35,130
35,568
36,301
32,458
30,773
31,150
29,721
30,248
Net Income, GAAP
5,103
21,677
10,816
1,871
37,029
2,223
-17,443
1,636
57,534
-27,990
-18,643
6,473
250
6,209
Effective Tax Rate (%)
9.72
3.81
27.22
62.53
24.34
66.17
- -
35.87
7.8
- -
- -
18.24
- -
- -
Profit Margin (%)
1.21
5.06
2.97
0.65
11.25
0.8
-6.92
0.61
16.43
-12.51
-8.8
2.99
0.11
2.54
Working Capital
-128,885
-9,755
28,396
10,832
26,636
49,459
22,300
49,992
59,268
72,579
46,091
56,137
55,080
67,942
LT Debt
- -
42,293
43,630
28,128
17,288
35,142
24,679
30,653
39,984
30,720
35,103
23,467
20,814
28,903
Total Equity
194,578
229,171
232,265
226,006
264,325
254,991
232,110
237,567
304,797
252,995
228,885
233,541
223,473
227,430
Return on Invested Capital (%)
3.32
7.17
4.99
0.83
12.3
0.54
- -
0.42
17.91
- -
- -
-2.38
- -
- -
Return on Capital (%)
2.33
6.59
3.63
0.77
13.08
0.81
- -
0.84
18.2
- -
- -
2.64
- -
- -
Return on Common Equity (%)
2.81
10.3
4.7
0.82
15.1
0.86
-7.16
0.7
21.24
-10.05
-7.76
2.81
0.11
2.83

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
34,354
34,203
35,207
LT Borrowings
18,325
18,391
26,558
LT Finance Leases
2,490
2,407
2,345
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,981
7,981
7,981
Market Capitalization
136,077
190,348
548,298

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
183,075
182,234
202,301
Cash, Cash Equivalents & STI
82,142
82,038
99,236
Accounts Receivable, Net
41,496
41,594
43,646
Inventories
47,891
46,701
46,883
Total Current Liabilities
127,996
124,945
134,358
Payables & Accruals
- -
- -
- -
ST Debt
34,354
34,203
35,207
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.36%
-0.1%
-4.31%
Free Cash Flow
314.56%
878.32%
467.29%
Net Income, GAAP
371.21%
600.71%
-96.14%
Sales/Revenue/Turnover
-2.91%
-0.96%
4.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50,492
56,861
55,473
53,684
216,510
2025
55,932
56,231
57,818
56,742
226,724
2026
66,645
63,700
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.45
0.12
0.05
1.13
0.76
2025
0.12
-0.1
0.01
- -
0.03
2026
0.2
0.57
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.75
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Jim Hung
Full Time Employees
42,297
Sector
Electronic technology
Industry
Electronic components
Address
No.160, Kesyue Road Miaoli MIA Taiwan 35053
IPO Date
Oct 24, 2006
Website
innolux.com
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Business
Innolux Corporation (3481.TW), a leading Taiwan-based manufacturer of thin-film transistor liquid crystal display (TFT-LCD) panels and touch-control modules, operates 14 fabrication facilities ranging from Gen 3.5 to Gen 8.6 production lines, offering a comprehensive portfolio of large-sized panels for televisions and billboards; medium-sized panels for desktop monitors, notebooks, tablet computers, portable audio players and wearable devices; small-sized panels for automotive displays, medical equipment including X-ray systems, industrial applications, aeronautics and education; advanced display technologies encompassing 4K2K ultra-high resolution, 3D naked-eye, IGZO, LTPS, AMOLED and OLED solutions; non-display products such as X-ray image sensors; and consumer electronics including smart home applications, electronic labels and special uses like large public displays and LCD antennas. Founded in 2003 and headquartered in Miaoli, Taiwan, the company serves global customers in information technology, consumer electronics, automotive and medical sectors across Taiwan, Hong Kong, the United States, Europe, China and other international markets. Recent developments include the 2024 divestiture of a Southern Taiwan plant to TSMC for NT$17.14 billion to expand into AI chip packaging, enhancing shareholder value with estimated NT$14.7 billion revenue and NT$1.62 earnings per share boost; the June 2025 acquisition of Pioneer Corporation by subsidiary CarUX from EQT for $1.1 billion to bolster automotive display capabilities; and the adoption of Corning Laser Technologies for innovative glass cutting in auto panels, alongside 2025 strategic initiatives in AR products, transformation plans and non-display diversification.