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ALi Corporation (3041TT) today held its 2013 fourth quarter online earnings conference and announced consolidated revenue of NT$1,281 million, consolidated gross profit of NT$613 million with consolidated gross profit margin of 48%, consolidated operating income of NT$70 million with consolidated operating profit margin of 5%, net income of NT$66 million, and basic earnings per share of NT$0.23 for the fourth quarter ended December 31st, 2013. Additionally, the company announced 2013 annual consolidated revenue of NT$4,156 million, consolidated gross profit of NT$1,878 million with consolidated gross profit margin of 45%, consolidated operating income of NT$20 million, net income of NT$891 million after recognizing the non-operating income from the gain on the disposal of 7th-10th floors and corresponding parking and public spaces of NASA Building, and basic earnings per share of NT$3.05.

ALi Corporation stated that fourth quarter’s revenue of NT$1,281 million, representing an increase of 21% on a quarter-over-quarter basis, was mainly a result of continuous growth from the third quarter in retail STB markets in emerging countries both for standard and high-definition products. In addition, the growth momentum in Pay-TV markets in emerging countries including South East Asia, East Europe, South Asia and Africa, as well as higher sales from IP STB in the holiday shopping season, also contributed to the quarterly revenue increase. The year-over-year sales increase of 8% for the fourth quarter was a result of improvement in retail high-definition STB markets and long-term growth momentum from Pay-TV operator market and IP STB, wherein the company’s cultivation has produced fruit. Consolidated gross profit margin was 48%, up 6 percentage points compared to the level of previous quarter due to better product mix and reversal of provision for losses on inventory. Though consolidated operating expenses still increased quarter-over-quarter, the company achieved better profit structure compared to last quarter with operating profit margin of 5%, thanks to larger sales scale and better gross profit margin.  
 

ALi Corporation also announced its consolidated 2013 revenue totaled NT$4,156 million, down 19% YoY.  The sales decline reflected back-to-normal demand as ASO (Analog Switch-off) was completed in most European countries in 2012; however, the company has made significant progress in cultivating relationship with Pay-TV operators in emerging markets and in the development of retail IP STB, which will continue to provide higher contributions to revenue. Consolidated gross profit margin was 45%, down 2 percentage points compared to 47% of 2012. Operating profit decreased on a year-over-year basis mainly due to higher R&D investment and administrative expenses.
 

As to the product line contribution in the fourth quarter, STB accounted for around 90~95% of the revenue. ALi’s STB end markets can be categorized into retail HD, retail SD, retail IP STB (OTT), and Pay-TV operators, which accounted for 40~45%, 25~30%, 10~15%, and 20~25% of STB revenue respectively. Regarding the product line contribution in 2013, STB accounted for over 90% of the revenue. Retail HD, retail SD, retail IP STB (OTT), and Pay-TV operators accounted for 35~40%, 25~30%, 10~15% and 20~25% of STB revenue, respectively.

ALi Corporation (3041 TT) today announced the total consolidated revenue for January 2014 reached NT$ 442.0 million, representing a decrease of 9.8% MoM but an increase of 24.3% YoY.
 

The company expressed that the 9.8% month-over-month decrease of revenue in January mainly reflected the fewer working days due to the Chinese New Year holiday starting from the end of January. The year-over-year sales increase up to 24.3% reflected strong growth momentum from Pay-TV operator market and IP STB as well as recent improvement in retail STB markets spurred by emerging markets’ demand for high-definition products. 
 

The company recently announced the partnership with Huawei to deploy DVB-T2 Set-top Box solutions for the Republic of Belarus. ALi also successfully showcased the latest T2 products, in addition to a full line-up of DVB solutions including S2, Cable, and OTT, as well as the Headless Gateway Platform at the CSTB 2014 in Moscow, targeting more opportunities from ASO (Analog Switch-off) in emerging markets.