ALi — Interim / Quarterly Report 2020

Aug 17, 2020

ALi Corporation (3041 TT) 1H20 Investor Conference

Aug. 17, 2020

Public

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1H20 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars except Earnings
2H19 1H19 YoY
Per Share)
Net sales 985,296 100% 994,469 100% -0.9%
Cost of goods sold (654,615) (686,926) -5%
Gross profits 330,681 34% 307,543 31% 8%
Operating expenses:
Selling expenses (41,486) (59,115) -30%
Administrative expenses (95,886) (109,552) -12%
Research and development expenses (353,664) (416,297) -15%
expected credit loss 10,140 6,057
Total operating expenses (480,896) (578,907) -17%
Operating income (150,215) -15% (271,364) -27% -45%
Non-operating income and gain (expense & loss) 24,220 30,583 -21%
Income before income tax (125,995) (240,781) -48%
Income tax (expense) benefit 26,269 45,157 -42%
Net income (99,726) (195,624) -49%
Earnings Per Share (in New Taiwan Dollars) (0.52) (1.04)
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1H20 Consolidated Quarterly Results

 1H20 revenue reached NT$ 985million, YoY -0.9%  Gross profit was NT$ 331 million, GM from 31% to 34%  Operating loss was NT$ 150 million, OPM from -27% to -15%

NT$ million

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1,600
Sales Gross Profit Operating Income
1,400 80%
1,200
994
985
1,000
30%
34%
31%
800
600 -15%
-27% -20%
400
200
- -70%
2H19 2H18
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Revenue Composition

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2020H1
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5%
23%
72%
30~35 %
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Pay-TV Operator STB Retail STB Others (Non-STB)

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2019H1
8%
30%
62%
Pay-TV Operator STB Retail STB Others (Non-STB)
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Pay-TV Operator STB

2019 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet Jun 30, 2020 Dec 31, 2019 Jun 30, 2019
Cash, cash equivalents and investments
in marketable financial instruments 1,774,386 1,885,507 1,995,284
Notes and accounts receivable 120,246 215,151 182,488
Inventory (net) 342,613 204,225 214,779
Other current assets 148,224 143,933 158,257
Total current assets 2,385,469 2,448,816 2,550,808
Long-term Investments 68,035 69,101 72,376
Net PP&E 579,951 589,198 629,744
Intangible assets 79,807 123,791 169,200
Other assets 765,358 755,874 730,367
Total assets 3,878,620 3,986,780 4,152,495
Notes and accounts payable 261,409 196,726 265,802
Other current liabilities 413,807 444,077 397,808
Non-current liabilities 7,090 11,242 19,865
Total liabilities 682,306 652,045 683,475
Total shareholders' equity 3,196,314 3,334,735 3,469,020
Key Indices
A/R Turnover Days (net) 31 40 37
Inventory Turnover Days (net) 76 72 67
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Thank You

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Public

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