Home > NEWS> Industry News

NEWS
Hot Product
Contact Us

Company:Shenzhen Microtech Technology Co.,Ltd.

Email: Email:info@microtech-lcd.com

Phone:(+86-755)83725193 / 83725037

Fax:(+86-755)83725193

Address:4/F,Block 11,Shaxia Industrial Park LongHua Town,ShenZhen City,GuangDong Province,China

CPT making efforts to avoid being delisted

Small- to medium-size TFT-LCD panel maker Chunghwa Picture Tubes (CPT) stands at a net asset value per share of only NT$0.12 currently and net asset value will turn negative if the company suffers continued net losses in the second quarter of 2016, then CPT should be delisted pursuant to regulations. In response, CPT on June 6 stressed that it is making efforts, including improving operations and financial planning, to hike its net asset value and has not prepared for being delisted.

CPT has optimized its product mix to increase its gross margin and strictly control operating expenses and personnel costs, the company said. As a result, gross margins turned from the red to 1.93% for the first quarter of 2016, showing a decreasing net loss, CPT indicated.

In terms of financial planning, CPT Technology, CPT's China-based subsidiary, will issue new shares for sale at a premium and thereby CPT can recognize a capital gain, CPT said. In addition, CPT has disposed of a stake in a China-based electronics maker and will recognize capital gains for the second quarter.

For its business operations, CPT has chosen orders for handset-use panels with higher gross margins and increased shipments of more profitable automotive display panels. In addition, CPT has competed for orders for panels for use in marine navigation, medical care, gaming consoles and casino machines. CPT has been developing advanced Oxide technology at experimental lines at a 4.5G and a 6G factories to hike product competitiveness in the future.

CPT shipped 75,000 large-size panels and 36.31 million small- to medium-size units in May, with the former growing 73.3% on month and 8.3% on year and the latter increasing 14.1% and 8.4% respectively.

CPT posted consolidated revenues of NT$3.281 billion (US$101 million) for May, rising 2.37% on month but declining 11.74% on year, and those of NT$15.951 billion for January-May, dipping 24.37% on year.