Chunghwa Picture Tubes (CPT) will likely be delisted from the Taiwan Stock Exchange (TWSE) as the web price of its shares has turned destructive. But the corporate will hold its 6G LCD line, paving the way in which for its future rebirth.
At a press convention held on March 27 at TWSE, CPT’s chief monetary officer SC Huang disclosed the agency’s consolidated revenues for 2018 at NT$24.02 billion (US$777.99 million) and after-tax loss at NT$25.283 billion, translating into internet lack of NT$19.56 billion for CPT after deducting the loss recorded by its subsidiary CPT Technology. This has turned CPT’s shareholder fairness right into a destructive NT$4.562 billion or a destructive internet price of NT$0.70 per share.
Huang mentioned that based mostly on the IFRS 10 guidelines on consolidated monetary statements, CPT has misplaced its capacity to manage CPT Technology, a China-based subsidiary devoted to producing flat show elements, and has excluded the subsidiary from its consolidated monetary statements for the reason that finish of 2018.
CPT now has one 6G panel manufacturing line and two 4.5G traces, Huang mentioned, including that the corporate has resumed operations on the 6G line and one 4.5G line, in a position to preserve small-volume shipments to purchasers.
Huang continued that CPT will select to maintain its 6G line with increased enterprise efficacy to facilitate its future rebirth deployment and it will likely be as much as reorganizers to resolve whether or not to promote the 2 4.5G traces.
