In the second quarter, the supply of components including driver ICs, glass substrates, polarizers, etc. was tight, and panel manufacturers also successively arranged annual maintenance, so panel shipments were slightly lower than those in the first quarter. On the other hand, panel prices continued the strong trend since last year, continuing to rise sharply in April and May. Although the price increase has significantly converged since June, the price increase in the second quarter is still as high as 13 to 18%, which has pushed up the revenue performance of panel manufacturers and set single-quarter highs in recent years.
Innolux announced that its consolidated revenue in June was 31.513 billion yuan, an increase of 0.4% from the previous month and an increase of 30.3% from the same period last year. Total self-consolidated revenue in the second quarter was 93.236 billion yuan, an increase of 39.4% over the same period last year and a quarterly increase of 11.2%, setting a high since the second quarter of 2015.
In terms of shipments, Innolux shipped a total of 12.57 million large-size panels in June, an increase of 1.2% from the previous month. The shipments of small and medium-sized panels totaled 27.39 million units, the same as last month. Shipments of large-size panels totaled 36.94 million units, a decrease of 1.4% compared with the previous quarter, and shipments of small and medium-sized panels totaled 82.76 million units, a quarterly increase of 1.6%.
AUO’s consolidated revenue in June was 33.94 billion yuan, a monthly increase of 5.7% and an annual increase of 57.1%, setting a single-month high in the past six years. The cumulative second quarter consolidated revenue was 95.66 billion yuan, a quarterly increase of 15.3% and an annual increase of 50.6%, a high point in 26 quarters. Caijing’s revenue in June decreased slightly to 2.50 billion yuan, and its cumulative second-quarter consolidated revenue was approximately
It was 8.07 billion yuan, an increase of 2.3% from the previous quarter and an annual increase of 120.6%, setting a high in the past 18 quarters.
Panel factory prices rose in the second quarter, and capacity utilization remained at full capacity. The legal person predicts that panel factory gross profit margins may hit a record high, and Shuanghu's single-quarter profit will still start at 10 billion yuan. Looking forward to the third quarter, although the panel price increase has come to an end, according to the quotations published by TrendForce in early July, TV panel quotations have remained flat across the board, with only a slight increase of US$1 for 65-inch and 75-inch panels, and IT panel increases have also converged. There is still demand for peak season stocking in the third quarter, but the price trend has turned flat or slightly dropped. Panel manufacturers will shift from increasing volume and decreasing prices in the second quarter to increasing volume and decreasing prices in the third quarter. Single-quarter revenue and profits are expected to remain high.
ANNA