ALi Corporation (3041 TT) today announced the total consolidated revenue for August 2012 reached NT$356.0 million, representing an increase of 12.9% MoM and 17.6% YoY. Aggregate revenue from January to August of 2012 was NT$3.39 billion, up 54.9% from the same period last year.
The company explained that the STB product sales from high-definition (satellite and terrestrial included) and standard-definition terrestrial of retail STB in August increased compared to last month, resulting from increase of existing customers’ orders, ASO (Analog Switch-off) in some regions of Southern Europe, and launch of new terrestrial products. Revenue contribution from IP STB (OTT, Over-the-top) in retail market also increased significantly on a month-over-month basis. Looking forward, outlook of the company is promising with efforts in developing various types of products targeting high-definition and IP STB (OTT) in retail market, as well as cultivating relationship with Pay-TV operators.
In addition, the company announced mass production in this quarter of new products including the ISDB-T SoC targeting Latin America and the DVB-T2 solution partnered with Panasonic Corporation’s Semiconductor Business Group. ALi’s new products enable better cost efficiency and design flexibility, making them excellent choices for customers in regions such as Latin America, Eastern Europe, Asian Pacific, and Africa.
Consolidated Sales Report, Aug 2012 (in NT$1,000)
Item | Aug | July | Difference | MoM |
Net Sales | 356,049 | 315,396 | 40,653 | 12.9% |
Item | 2012 | 2011 | Difference | YoY |
Aug | 356,049 | 302,645 | 53,404 | 17.6% |
January to Aug | 3,388,470 | 2,186,834 | 1,201,636 | 54.9% |
Note: Figures have not been audited.
ALi Corporation (3041 TT) today announced the total consolidated revenue for July 2012 reached NT$315.4 million, representing a decrease of 22.5% MoM and an increase of 22.1% YoY. Aggregate revenue from January to July of 2012 was NT$3.03 billion, up 60.9% from the same period last year.
The company explained that product sales of retail STB in July decreased compared to last month, resulting from the summer vacation effect in Western Europe and some emerging markets in addition to high inventory level retained by distributors and end clients. However, the consolidated monthly sales increased by 22.1% YoY and aggregate revenue from January to July of 2012 still represented an increase by 60% compared to the same period of previous year as the company has been developing various types of products targeting high-definition and IP STB (OTT) in retail market, as well as cultivating relationship with Pay-TV operators for a couple of years, all three of which are key growth drivers to boost sales scale.
The company also declared to pay a cash dividend of NT$1.78 per share on August 17th, 2012 by either wire remittances or checks.
Consolidated Sales Report, July 2012 (in NT$1,000)
Net Sales | 2012 | 2011 | Difference | YoY |
July | 315,396 | 258,335 | 57,061 | 22.1% |
January to July | 3,032,421 | 1,884,189 | 1,148,232 | 60.9% |
Note: Figures have not been audited.
ALi Corporation (3041 TT) today held its second quarter online earnings conference and announced consolidated revenue of NT$1,291 million, consolidated gross profit of NT$627 million with consolidated gross profit margin of 49%, consolidated operating income of NT$251 million with consolidated operating profit margin of 19%, net income of NT$213 million, and basic earnings per share of NT$0.73 for the second quarter ended June 30, 2012.
ALi Corporation stated that second quarter consolidated revenue, as expected, representing a decrease of 9% on a quarter-over-quarter basis, was basically affected by declining demand due to the expiring deadline of ASO (Analog Switch-off) in Western European countries. However, second quarter consolidated revenue still represented an increase of 47% compared to the same period of previous year as the company has been developing various types of products targeting high-definition and IP STB (OTT) in retail market, as well as cultivating relationship with Pay-TV operators for a couple of years, all three of which are key growth drivers to boost sales scale. The gross profit margin of 49%, similar to the previous quarter but representing an increase by 6% year-over-year, was driven by the high contribution from high-definition chipsets with better margin. Moreover, well-controlled OPEX during this quarter led to the higher-than-expected operating profit margin. Though the profit level dropped quarterly due to declining top line, the consolidated operating profit and net income grew by more than 100% on the year-over-year basis.
For the product line contribution of the second quarter, STB accounted for 92% of the revenue, a slight decline compared to the ratio of 96% in the first quarter. ALi’s STB end markets can be categorized into Retail HD, Retail SD Satellite, Retail SD Terrestrial, and retail IP STB (also known as OTT) and Pay-TV operators, which accounted for 61%, 24%, 8%, 1% and 6% of STB revenue contribution respectively. As for geographical revenue breakdown, China accounted for 8% of total STB revenue, while Emerging Market for 58 %, Europe & US for 34 %.
Looking forward, the chairman and CEO, Dr. Ben Lin, stated that the company is conservative about third quarter’s STB market in view of skepticism toward the economic conditions in Western Europe, US, emerging markets, and China, in addition to high inventory level retained by distributors and end clients. Guidance for the third quarter’s consolidated revenue is expected to be between NT$1,029M and NT$1,107M, a decline by 14%~20% on a quarter-over-quarter basis and an increase by 10%~18% on a year-over-year basis, while consolidated gross profit margin between 46.2% and 48.0%, and consolidated operating income rate between 13.6% and 14.0%.
ALi Corporation. (3041 TT) today announced to webcast its second quarter 2012 earnings conference call on Friday, August 3rd at 3 p.m. Taipei Time in Mandarin. Dr. Ben Lin, Chairman & CEO, will host the conference call to discuss the company’s financial results and answer questions from investors.
A live webcast of the conference call will be available through the Investor Relations page on the ALi website. Analysts or media representatives wishing to ask questions may use the toll-free numbers listed below.
Event Details
Event Title : ALi Corp, 2Q12 Earnings Conference Call
Date : 2012-08-03 15:00:00 (Taipei Time)
Speaker : Dr. Ben Lin, Chairman & CEO
Language : Mandarin
Webcast URL
http://www.mzcan.com/cancast/taiwan/index.php?id=tw3041_16&version=c
Dial-In Numbers
TW: 0080 113 6336
HK: 3005 2050
CN: 800 876 8626
UK:0800 279 7818
US: 1866 549 1292
International Access:+852 3005 2050
Password: 168005#
Please find further information about the conference on the Company's website www.alitech.com. Questions regarding this conference call may be directed to our Investor Relations Division at +886-2-8752-2000. Thank you.
ALi Corporation (3041 TT) today announced the total consolidated revenue for June 2012 reached NT$406.9 million, representing an increase of 14% MoM and 49% YoY. Aggregate revenue from January to June of 2012 was NT$2.72 billion, up 67% from the same period last year.
The company mentioned that product sales of retail STB and Pay-TV operators in June increased compared to last month. Both high-definition and standard definition products generated higher sales numbers. OTT (Over-The-Top), formally launched in late 2011, also performed a strong surge with continuous dedication from sales team. In addition, the revenue scale of Pay-TV operators market presented a steady growth. Thanks to these growth drivers, the consolidated monthly sales increased by 49% YoY.
ALi Corp. has secured its leading position in the retail STB market. Moreover, the company will keep cultivating Pay-TV operators market and IP STB market for long-term growth momentum.
Consolidated Sales Report, June 2012 (in NT$1,000)
Net Sales | 2012 | 2011 | Difference | YoY |
June | 406,901 | 273,128 | 133,773 | 49.0% |
January to June | 2,717,025 | 1,625,855 | 1,091,170 | 67.1% |
Year 2012 figures have not been audited.
ALi Corporation (3041 TT) today announced that the total consolidated revenue for May 2012 reached NT$358.3 million, down 32% MoM and up 25% YoY. Aggregate revenue from January to May of 2012 was NT$2.31 billion, up 71% from the same period last year.
The company stated that with the deadline for the switch-off of analogue signals in Western European countries coming up, the company’s strong short-term catalysts surging since the end of last year are wearing off. Meanwhile, short-term inventory adjustment in channels also leads to relatively lower monthly sales numbers in May, which nevertheless is still up 25% from the same period of last year.
ALi Corp. holds more than 50% of the global market share in the retail STB market; the trend for continuous high definition migration will fundamentally improve the company’s product mix to higher ASP and Gross Margin. Besides the retail STB market, the company has been cultivating Pay-TV operators and IP STB market for a couple of years, which would gradually become the next focal points for long-term growth momentum.
ALi Corp. schedules to hold its 2011 Annual General Meeting on June 20th. With an EPS of NT$ 2.24 in 2011, once the earnings distribution is approved, the company will issue a cash dividend of NT$1.78, elevating the dividend pay-out ratio in 2011 to 79%.
Consolidated Sales Report, May 2012 (in NT$1,000)
Net Sales | 2012 | 2011 | Difference | YoY |
May | 358,254 | 286,669 | 71,585 | 25% |
January to May | 2,310,124 | 1,352,727 | 957,397 | 71% |
Year 2012 figures have not been audited.
ALi Corporation (3041 TT) today announced that the total consolidated revenue for April 2012 reached NT$526.3 million, down 15% MoM and up 65% YoY. Aggregate revenue from January to April of 2012 was NT$1.95 billion, up 83% from the same period last year.
The company stated due to the switch-off of analogue signals in Western European countries, the March monthly numbers posed as a high revenue base for April. As the deadline for the switch-off will soon come up, the effects of the company’s short-term catalysts are likely to wear off. However, long-term growth drivers of Pay-TV expansion, high definition transition and IP/hybrid solution emergence remain intact and are expected to keep growing looking forward.
ALi Corporation and Opera Software, one of the most commonly used browsers in the consumer electronics industry, jointly announced that the newly launched co-designed STB platform supporting hybrid broadcast broadband TV (HbbTV) is ready for mass production. With this platform, the TV world and Internet world have perfectly come together, bringing a seamless and enhanced hybrid TV experience to all TV viewers.
Consolidated Sales Report, April 2012 (in NT$1,000)
Net Sales | 2012 | 2011 | Difference | YoY |
April | 526,285 | 319,258 | 207,027 | 65% |
January to April | 1,951,870 | 1,066,058 | 885,812 | 83% |
Year 2012 figures have not been audited.
ALi Corporation (3041 TT) today held its first quarter online earnings conference and reported audited consolidated financial results for the first quarter ending March 31, 2012 with a revenue of NT$1.43 billion, a gross profit of NT$692.1 million, an operating income of NT$300.4 million, a net income of NT$266.6 million, and an EPS of NT$0.91.
On a year over year basis, first quarter revenue increased by 91%, while gross profit increased by 88%, operating income increased by 172%, net income increased by 100%, and EPS increased by 107%. Compared to the fourth quarter of 2011, first quarter results represented a 27% increase in revenue, a 35% increase in gross profit, a 55% increase in operating income, a 79% increase in net income, and a 78% increase in EPS. All figures were prepared in accordance with R.O.C. GAAP.
The company stated that the better than expected first quarter results were driven by long-term growth drivers and short-term catalysts. In a longer-term perspective, the company has been cultivating relationship with Pay-TV operators for a couple of years, as well as developing various types of high-definition Set-top boxes and IP based connected media players, all three of which are generating more revenue than ever before. Besides, the fact that more high-definition programs are being launched ahead of schedule in the emerging markets also led to the increase of the revenue contribution from the company’s high-definition product line. On the short-term side, most of Western European countries are scheduled to switch off analogue signals by the first half of 2012, which was the reason behind the strong growth momentum in the standard-definition terrestrial and high-definition satellite segments over the past few months.
As to the product line contribution to the first quarter revenue, STB and Digital Audio accounted for 96% and 4% respectively. On a quarter over quarter basis, STB increased by 32% while Digital Audio decreased by 29% due to a slow season effect.
Based on different market segments, ALi’s STB market can be categorized into Retail HD, Retail SD Satellite, Retail SD Terrestrial, and Pay-TV Operator, accounting for 63%, 22%, 9%, and 6% of ALi’s STB revenue contribution respectively.
In terms of geographical revenue breakdown, China accounted for 8% of ALi’s total STB revenue, while Emerging Countries for 57% and Europe/US for 35%.
Looking forward, the President, Dr. Ben Lin, stated that due to the switch-off of analogue signals in Western European countries, the first quarter numbers would pose as a high revenue base for future quarters. As the deadline for the switch-off will soon come up, the effects of the company’s short-term catalysts are likely to wear off. As such, guidance for the second quarter revenue is expected to be between flat to down 10% quarter on quarter, which is still up 46%~62% year on year, while gross margin between 48%~50% and operating margin between 16%~19%.
ALi Corporation. (3041 TT) announced it will webcast its first quarter 2011 earnings conference call on Monday, April. 23 at 3:00 p.m. Taipei Time in Mandarin. President, Dr. Ben Lin, will host the conference call to discuss the company’s financial results and answer questions from the investors.
A live Webcast of the conference call will be available through the Investor Relations section of the ALi website. Analysts or media representatives wishing to ask questions may use the toll numbers attached below.
Event Details
Event Title : ALi Corp, 1Q12 Earnings Conference Call
Date : 2012-04-23 15:00:00 (Taipei Time)
Speakers : Dr. Ben Lin, President
Language : Mandarin
Webcast URL
http://www.mzcan.com/cancast/taiwan/index.php?id=tw3041_15&version=c
Dial-In Numbers
TW: 0080 113 6336
HK: 3005 2050
CN: 800 876 8626
UK:0808 279 7818
US: 1866 549 1292
International Access:+852 3005 2050
Password : 168005#
The quarterly earnings press release will be published at the Company's website www.alitech.com 5 minutes prior to the conference call. Questions regarding this conference call may be directed to our Investor Relations Division at +886-2-8752-2000. Thank you.
ALi Corporation (3041 TT) today announced that the total consolidated revenue for March 2012 reached NT$615.6 million, up 30% MoM and up 102% YoY. Aggregate revenue from January to March of 2012 was NT$1,425.6 million, up 91% from the same period last year.
The company has been cultivating the STB industry for 7 years and aligning momentum with key industry trends, including Analogue-to-digital signal transition, Standard Definition to High Definition broadcasting migration, IP based STB emergence, and Pay-TV business model expansion. By successfully seizing business opportunities in these areas, ALi's March sales increased by another double digit. Another contributing factor is the analogue-to-digital transition initiative in Western Europe, over 3 countries aim to complete the roll-out by 2Q12 end, notably Germany for its HD satellite market.
ALi Corp. and Abel DRM Systems, a CAS (Conditional Access System) specialist, today jointly announced a CA-enabled STB SoC pre-reference design targeting low-ARPU or small pay-TV operators in India and similar market segments around the globe. The targets of this ALi – Abel integration are to enable operators to secure optimized cost structure, lower Minimum-Order-Quantity, consistent and stable STB software quality and wider selection of STBs.
Consolidated Sales Report, February 2012 (in NT$1,000)
Net Sales | 2012 | 2011 | Difference | YoY |
March | 615,618 | 305,435 | 310,183 | 102% |
January to March | 1,425,585 | 746,799 | 678,786 | 91% |
Year 2012 figures have not been audited.
2012 reached NT$471.8 million, up 39% MoM and up 188% YoY. Aggregate revenue from January to February of 2012 was NT$810 million, up 84% from the same period last year.
The company stated that driven by the progress of analogue to digital broadcasting transition in the Middle East and Europe, demands for High definition and Standard definition solutions have been growing continuously, resulting in record breaking February sales over the past 23 months.
ALi announced earlier this month that aiming to provide Chinese TV operators more optimized choices from high-end to entry level, it will be showcasing some of the industry’s best performing and commercially available HD STB solutions at the upcoming 2012 CCBN (China Content Broadcasting Network) trade show to be held in Beijing, on March 21st. These include a specialized HD platform suited to the three-network convergence, an advanced HD solution offering two-way communications, and an SoC for HD ASO (Analogue switch off).
ALi has been targeting emerging countries for Pay-TV operator business since three years ago, among which the China domestic market stands out. To date, more than 100 cable operators in 23 first–level administrative divisions of Mainland China have adopted ALi’s STB solutions.
Consolidated Sales Report, February 2012 (in NT$1,000)
Net Sales | 2012 | 2011 | Difference | YoY |
February | 471,756 | 163,889 | 307,867 | 188% |
January to February | 809,968 | 441,364 | 368,604 | 84% |
Year 2012 figures have not been audited.
ALi Corporation (3041 TT) today held its fourth quarter online earnings conference and announced that the company’s accumulated shipments of STB SoC have exceeded 300 million units, representing a CAGR of 43% since 2005 that far surpasses the industry average of 5%.
The company reported audited consolidated financial results for the fourth quarter ending December 31, 2011 with a revenue of NT$1.12 billion, a gross profit of NT$514.2 million, an operating income of NT$193.8 million, a net income of NT$148.6 million, and an EPS of NT$0.51.
On a year over year basis, fourth quarter revenue increased by 34%, while gross profit increased by 10%, operating income increased by 11%, net income decreased by 11% and EPS decreased by 5%. Compared to the third quarter of 2011, fourth quarter results represented a 19% increase in revenue, a 25% increase in gross profit, a 68% increase in operating income, a 46% decrease in net income, and a 45% decrease in EPS. All figures were prepared in accordance with R.O.C. GAAP.
The significant decrease in net income on a quarter over quarter basis was due to a NT$200 million non-operating income in the third quarter generated as a result of NT dollar depreciation and a one-time income tax refund of nearly NT$175 million.
The company stated that driven by a faster than expected standard definition to high definition migration around the world as well as the progress of analogue to digital broadcasting transition in the Middle East and Europe, fourth quarter revenue for Retail HD segment increased by more than 80% and even doubled for SD DVB-T segment.
As to the product line contribution to the fourth quarter revenue, STB and Digital Audio accounted for 92% and 8% respectively. On a quarter over quarter basis, STB increased by 40% while Digital Audio decreased by 56% due to a slow season effect.
Based on different market segments, ALi’s STB market can be categorized into Retail HD, Retail SD Satellite, Retail SD Terrestrial, and Operator, accounting for 48%, 32%, 12%, and 8% of ALi’s STB revenue contribution respectively.
In terms of geographical revenue breakdown, China accounted for 11% of ALi’s total STB revenue, while Emerging Countries for 48% and Europe/US for 41%.
Looking forward, the President, Ben Lin, stated that driven by new design-wins for Pay-TV business in the emerging countries as well as a strong demand for Retail HD solutions, continuing growth in the first quarter of 2012 is foreseeable especially in Retail HD, Operator, and Retail SD Terrestrial segments. Digital Audio is still in slow season. Guidance for the first quarter revenue is expected to be between 9% and 17% increase quarter on quarter, while gross profit margin between 47% and 48% and operating margin between 17% and 20%.
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