The overall shipment area in the second quarter of 2024 was 6.71 million square meters, an increase of 11.5% from the previous quarter, and the selling price of LCD panels was US$259 per square meter. Revenue in the second quarter of 2024 is divided by product application, with TVs accounting for 40%, automotive products accounting for 22%, portable computers accounting for 21%, mobile phones and commercial products accounting for 12%, and desktop screens accounting for 5%. By product size, 13% is for products under 10 inches, 33% for 10 to 20 inches, 14% for 20 to 30 inches, 7% for 30 to 40 inches, and 33% for more than 40 inches. The revenue of the display field group and non-display field group accounted for 78% and 22%.
Looking back on the second quarter of 2024, benefiting from international sports events that prompted brand manufacturers to pull goods in advance and drove up panel prices, the company's revenue this quarter increased by 12.6% compared with the previous quarter. The operating results successfully turned profitable, with gross profit margin and EBITDA profit margin reaching 10.0% and 14.4% respectively.
Looking forward to the third quarter of 2024, consumption willingness will continue to be affected by inflation, and the momentum of purchasing goods will slow down. Shipments are expected to be slightly reduced, and prices are expected to remain stable. It is expected that consumer demand for screen area will increase year by year, AI will drive the growth of demand for IT panels, and the industry's "production on demand" trend will lead to stable supply and demand. The company will continue to dynamically allocate production capacity and improve production efficiency based on market trends and customer needs. (Source: Industrial and Commercial Times)
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