LCD Panel Makers See Revenues Improve In March

Major LCD panel makers in Taiwan saw revenues improve significantly in March, propelled by rising demand and panel prices, particularly for small- to medium-size applications.

Sales prospects will remain bright in the second quarter as prices of 32- to 43-inch panels are likely to continue moving up slightly, while the decline rates for large-size panels are expected to slow down, according to industry sources.

Innolux saw revenues soar 13.4% on month to NT$20.6 billion (US$667.87 million) in March, during which large-size panel shipments grew 21.9% sequentially to 10.12 million units, and shipments of small- to medium-size applications climbed 29% to 22.26 million units.

For the first quarter of 2019, Innolux posted revenues of NT$59.9 billion, down 17.1% on quarter and 10.2% on year. Shipments of large-size panels dipped 14.9% on quarter to 28.53 million units during the three-month period, as shipments of small- to medium-size applications edged down 2.5% to 60.35 million units.

Fellow company AU Optronics (AUO) has reported its March revenues increased 17.4% on month to NT$24.39 billion, although the sum was down 4.6% on year.

Year-to-date revenues for AUO reached NT$66.7 billion, down 13.5% on quarter and 10.4% on year.

HannStar Display saw its revenues surge 36.9% on month but drop 12.6% on year to NT$1.21 billion in March. The sequential revenue gains came even though its shipments of small- to medium-size panels decreased 26% on month to 23.81 million units and those for large-size panels and own-brand products slipped 68.8% to 15,000 units.

Small- to medium-size panel supplier Giantplus Technology saw its revenues jump 68.75% on month but decline 12.65% on year to NT$759 million in March. For the January-March period, revenues totaled NT$1.935 billion, down 8.75% on quarter and 22.68% on year.―Digitimes

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