Investor Relations

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)

Year 2012 figures have not been audited.