Shenzhen Enrich Electronics Co.,Ltd

According to reports, Innolux will adjust the indirect salary in August every year, and will officially issue and reflect the salary increase on the 5th of next month. However, there is no uniformity every year, depending on the performance of different departments and individuals, but talent is the industry. Fundamentally, the company is willing to retain talents through salary increases and dividends. It is reported that the group's salary increase in recent years has fallen near 3%.

In addition, Innolux introduced automation systems in recent years, saving 70,000 employees in the past seven years. Last year, the number of employees has dropped to 60,000. This year, with the goal of less than 50,000 people, the proportion of automated production lines has increased to 70% to 75%.

Innolux announced that its consolidated revenue for August was 24.4 billion yuan, down 3.1% month-on-month and 10.5% year-on-year. In August, Group's large-size panel combined shipments totaled 11.05 million units, an increase of 0.1% from July; The combined size shipments totaled 24.82 million units, a 9.5% decrease from July.

In the second quarter of 2018, Innolux reported a net loss of NT$1.93 billion, ending seven consecutive quarters of growth, on the grounds that retained earnings increased by NT$2.7 billion. The loss per share for the quarter was NT$0.19.

Operating profit for the quarter reached NT$ 647 million, a decrease of 83% from the previous quarter and a decrease of 96% from the same period last year.

The company's average panel selling price (average selling price) fell to $292 per square meter, compared to $338 in the previous quarter, compared to $395 in the same period last year. The company expects average selling prices for large and medium sized panels to increase by 3% in the third quarter.

The company expects shipments of large-size panels to increase by 1-3% in the third quarter, while shipments of small and medium-sized panels may decline by 3%.