2014 First Quarter Results May. 08, 2014 Consolidated Income Statements Q1/14 Q4/13 1,198,452 1,199,161 910,476 -0.1% COGS 662,633 684,600 540,605 -3.2% Gross Profit 535,819 514,561 369,871 4.1% Gross Margin 44.7% 42.9% 40.6% 447,767 443,823 379,399 88,052 70,738 (9,528) 7.3% 5.9% -1.0% 12,136 18,409 25,889 100,188 89,147 16,361 8,353 15,690 2,914 91,835 73,457 13,447 7.7% 6.1% 1.5% Shareholders of the parent 95,645 78,259 13,591 Minority interests (3,810) (4,802) Consolidated net income 91,835 73,457 13,447 0.75 0.61 0.11 127,367 127,169 127,144 Unit: In thousand NTD except EPS Net Sales Operating Expense Operating Income Operating Margin Non-Operating Income & Expense Income before Tax Income Tax Expense (Benefit) Net Income Net Margin Q1/13 Attributable to: Net income attributable to shareholders of the parent Weighted Avg. Outstanding shares 2 (144) QoQ 0.9% 24.5% 12.4% 25.0% Consolidated Balance Sheets Condensed Balance Sheets Amount: NT$ thousand Q1/14 Q4/13 Q1/13 Cash and Cash Equivalents 4,212,238 4,173,002 4,021,589 Accounts Receivable 722,175 808,258 576,255 Inventory 485,638 430,672 352,709 Total Current Assets 5,532,593 5,474,890 5,241,196 Noncurrent Assets 1,311,969 1,193,267 1,272,151 Total Assets 6,844,562 6,668,157 6,513,347 Short-Term Loans 127,000 117,000 Accounts Payable 407,558 362,802 281,036 Other payable 478,127 480,923 499,303 Total Liabilities 1,084,204 1,029,098 919,091 Total shareholders' equity 5,760,358 5,639,059 5,594,256 3 - Revenue Breakdown by Application 100% 80% 60% 40% 20% 0% Others Game Mouse 2013Q1 2013Q2 2013Q3 2013Q4 2014Q1 9 2 89 8 1 91 15 11 74 9 7 84 8 2 90 4 END www.PixArt.com.tw [email protected]