Mavis

Mavis

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.

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