Chunghwa Picture Tubes’ revenue down

By Jason Tan  /  Staff Reporter

Tue, Jan 10, 2012 - Page 12

Panel maker Chunghwa Picture Tubes Ltd (CPT, 中華映管) yesterday said its revenue last month hit NT$3.72 billion (US$123 million) on weaker seasonality.

The figure was 15.5 percent down from the previous month and a reduction of 29.1 percent from the same month the previous year.

It shipped 448,000 million large-sized panels last month, down 37.7 percent month-on-month and a plunge of 72.6 percent year-on-year, according to a company statement.

Shipments of small and mid-sized panels — its anchor products — were 36.84 million units, down 17.3 percent month-on-month and inched down a mere 0.3 percent from a year ago.

CPT shipped a total of 490 million units of small and mid-sized panels last year, growth of 40 percent, replacing Chimei Innolux Corp (奇美電子) as the biggest supplier in Taiwan.

CPT saw its revenue for last year fall 25 percent to NT$61.45 billion.

Meanwhile, smaller rival HannStar Display Corp (瀚宇彩晶) posted unconsolidated sales of NT$2.51 billion last month, down 24.6 percent month-on-month.

It said in a stock exchange filing that total unconsolidated sales dipped 24.1 percent to NT$41.69 billion for the whole of last year.

HannStar Display shipped 32.16 million small and mid-sized panels last month, down 8.9 percent from November. Its large panel shipments declined 37 percent to 162,000 units.