Investor Relations

ALi Corporation (3041 TT) today announced the total consolidated revenue for Feb 2013 reached NT$224.6 million, representing a decrease of 36.8% MoM and 52.4% YoY, respectively.

The company expressed that the decrease of February STB revenue was mainly a result of fewer working days due to the Chinese Lunar New Year holidays. However, the growth momentum in Pay-TV market in emerging countries. The company will keep investing in Pay-TV operator market and development of retail IP STB. The year-over-year sales decrease was due to higher February sales base in 2012, resulting from the ASO in Western Europe and Chinese Lunar New Year in 2012 starting in late January as well. 

Furthermore, the company also announced that it will demonstrate its complete line of STB chipset solutions targeting the China MSO market at the upcoming CCBN 2013 to be held on March 21-23 in Beijing. The company also pointed out the cumulative shipments of SD (Standard Definition) STB chipsets have reached 10 million units in the China cable pay TV market. Looking forward, the company continues to provide STB solutions aiming at the Chinese market. Among those are cable plus OTT hybrid solutions allowing MSO to provide diverse services; multi-screen interactive applications; HD (High Definition) STB chipsets pushing faster migration to high definition digital TV.

Consolidated Sales Report, Feb 2013 (in NT$1,000)

Note: Figures have not been audited; consolidated entities include ALi Corporation and its subsidiaries. 

ALi Corporation (3041 TT) today announced the total consolidated revenue for Jan 2013 reached NT$355.5 million, representing a decrease of 14.7% MoM but an increase of 5.1% YoY.

The company expressed that continuous growth of retail IP STB, seasonal momentum of China Pay-TV market and promising performance of Pay-TV market in emerging countries are the major areas standing out in the Jan sales. The company will continue investing in Pay-TV operator market and development of retail IP STB.

Furthermore, the company today also announced the details on the disposal of the 7th-10th floors and corresponding parking and public spaces of its office building, the NASA Building, with the total selling price of NT$1.77888 billion and after-tax gain on disposal of NT$0.89 billion.  For more information, please visit the information webpage on MOPS.

Consolidated Sales Report, Jan 2013 (in NT$1,000)

Note: Figures have not been audited; Consolidated entities include ALi Corporation and its subsidiaries. 

ALi Corporation (3041TT) today held its third quarter online earnings conference and announced consolidated revenue of NT$1,222 million, consolidated gross profit of NT$574 million with consolidated gross profit margin of 47%, consolidated operating income of NT$211 million with consolidated operating profit margin of 17%, net income of NT$189 million, and basic earnings per share of NT$0.64 for the third quarter ended September 30, 2012.

ALi Corporation stated that third quarter’s revenue, despite a 5% decrease on a quarter-over-quarter basis, was more promising than the third quarter guidance which predicted a decrease by 14-20%. The better-than-expected third quarter result was due to improvement on inventory build-up and a recovery of demand from end market in September following the decline in retail market seen in July and August. Benefiting from the demand to upgrade from standard definition to high definition and increase in mass production shipment of IP STB (OTT), as well as the result from years of cultivating relationship with Pay-TV operators, revenue in this quarter increased by 30% on a year-over-year basis.  Consolidated gross profit margin was 47%, declining by 2 percentage points compared to 49% last quarter but representing an increase of 3 percentage points on a year-over-year basis, in line with the third quarter guidance of 46.2%-48.0%. Operating expenses declined by 4%on a quarter-over-quarter basis and operating profit margin of 17% was higher than previous guidance of 13.6%-14.0% thanks to better-than-expected revenue. Consolidated net income reached $189 million with a basic earnings-per-share of $0.64, higher than the estimated $0.40-0.43.

For the product line contribution of the third quarter, STB accounted for 90% of the revenue, similar to the ratios of the previous quarters. ALi’s STB end markets can be categorized into Retail HD, Retail SD Satellite, Retail SD Terrestrial, Retail IP STB (OTT), and Pay-TV operators, which accounted for 60~65%, 20~25%, 5~10%, 0~5% and 5~10% of STB revenue contribution respectively. As for geographical revenue breakdown, China accounted for 10-15% of total STB revenue, while Emerging Market for 50-55% and Europe & US for 35-40%.

Looking forward, the Chairman and CEO, Dr. Ben Lin, stated that skeptical outlook on the global semiconductor industry in the fourth quarter and concerns over economic risks in certain regions give rise to a more conservative view on the fourth quarter. Guidance for the fourth quarter’s consolidated revenue is expected to be between NT$1,160M and NT$1,280M, between an increase by 5% and a decrease by 5% on a quarter-over-quarter basis and an increase by 4-14% on a year-over-year basis, while consolidated gross profit margin between 45.0% and 47.0%, and consolidated operating profit margin between 15.0% and 17.0%.

Taipei, October 25, 2012 – ALi Corporation (Taiwan Stock Exchange:3041), a professional IC design company with innovative technologies and comprehensive solutions for the digital set-top box market based in Taiwan, and the Kudelski Group (SIX:KUD.S), the world’s leading independent provider of media content protection and value-added service technology, today announced that they have entered into an agreement under which the ALi Corporation acquires Abilis Systems Sàrl from Kudelski. Based in Geneva, Switzerland, Abilis is a fabless semiconductor company providing RF modulators, secure media processors, and broadcast-to-IP solutions.

ALi and Kudelski have put in place a security framework whereby ALi will actively support Kudelski in protecting the pay TV content across the set-top box value chain. ALi and Kudelski agree to integrate Nagra On-Chip Security (“NOCS”) onto ALi’s lines of chipsets, resulting in a secure, cost-effective chipset platform powering innovative set-top boxes and modules for pay TV operators.

Both companies will be working to develop new solutions for high growth markets.

ALi envisions that set-top boxes powered with ALi chips and embedded with NOCS will be available to operators in 2013.

About The Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in digital security and convergent media solutions for the delivery of digital and interactive content. Its technologies are used in a wide range of services and applications requiring access control and rights management to secure the revenue of content owners and service providers for digital television and interactive applications across broadcast, broadband and mobile delivery networks. The Kudelski Group is also a world technology leader in the area of access control and management of people or vehicles to sites and events. The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland. For more information, please visit www.nagra.com.