Chimei Innolux Corporation (“CMI”) (TAIEX: 3481) today announced its first quarter 2011 results. Combined TFT-LCD net sales for the first quarter 2011 amounted to NT$ 124,327 million, a 4.6% decrease over the previous quarter’s NT$ 130,389 million. Gross loss was NT$ 6,631 million, or a gross margin of -5.3%. Operating loss totaled NT$ 13,547 million with an operating margin of -10.9%. Net loss attributable to the shareholders of the parent company amounted to NT$ 13,804 million. EPS equaled NT$ -1.89.

The Company shipped 32.3 million large-sized units in the first quarter 2011, which represents a 4.1% decrease over 33.6 million units shipped in the fourth quarter 2010. Blended ASP for the large-sized products was at USD 101 per unit. Combined small-and-medium sized TFT-LCD revenue for the first quarter of 2011 amounted to NT$ 28,729 million, an increase of 0.5%. The company shipped 101.4 million small-and-medium sized units, a decrease of 17.6% over the 123.1 million units shipped in the previous quarter.

In terms of application, small & medium-sized, NB, Desktop monitor, LCD TV accounted 23%, 6%, 29% and 37% of total net sales respectively. In terms of product size, 10-inch and below, 10-to-20-inch, 20-to-30-inch, 30-to-40-inch, 40-inch and above accounted for 24%, 22%, 24%, 18%, and 12% of total revenue respectively. CMI’s inventory turnover day in the first quarter 2011 was 45 days.