The revenue of panel makers is on the rise. With the increase in IT panel shipments, large-size panel shipments of panel makers have grown by more than 10%. AUO (2409) consolidated revenue in May was 21.729 billion yuan, a monthly increase of 7.8%. Innolux (3481) consolidated revenue in May was 22.043 billion yuan, an increase of 6.7% per month, and Caijing (6116) consolidated revenue in May was 1.262 billion yuan, an increase of 24.1% per month.
IT panel lifted, panel factory shipped in May
The legal person pointed out that TV panel shipments rebounded in June and panel prices stopped falling and rebounded, which is expected to drive the revenue of various manufacturers to rise, and the loss in the second quarter may improve.
AUO announced that its self-settled consolidated revenue in May 2020 was 21.729 billion yuan, an increase of 7.8% from the previous month and a decrease of 12.2% from the same period last year. The overall large-size panel shipments in May were approximately 10.34 million, an increase of 10.3% compared with April. Shipment of small and medium-sized panels was about 9.59 million pieces, a decrease of 2.4% from April.
Innolux's self-consolidated revenue in May was 22.043 billion yuan, an increase of 6.7% from the previous month and an increase of 4.9% from the same period last year. Innolux shipped a total of 11.52 million large-size panels in May, an increase of 10.9% from the previous month; small and medium-sized panel shipments totaled 23.78 million, a decrease of 1.7% from the previous month.
Panel Shuanghu's IT panel shipments were robust in the second quarter, which had some support for capacity utilization. In June, countries continued to unblock and TV panel demand also significantly increased, driving TV panel prices in June to stop falling or even rebound slightly. The market expects that panel sales in July and August have good momentum, and panel prices will also maintain a slow upward trend. The profit and loss performance of panel factories in the second and third quarters is expected to improve quarter by quarter. The fundamentals of the panel industry have improved. Recently, the stock prices of panel stocks have rebounded. On the 9th, the stock price pulled back. AUO ended down by 1.1% to close at 8.89 yuan, Innolux fell by 1.02% to close at 7.77 yuan. The color crystal fell slightly 0.15%, closed at 6.5 yuan.
Caijing announced that its self-consolidated revenue in May was approximately 1.262 billion yuan, an increase of 24.1% from the previous month and an annual decrease of approximately 9.4%. Shipments of small and medium-sized panels in May were 45.6 million, an increase of 20.4% month-on-month, and shipments of large-size monitor panels and private label products were 179,000, an increase of 5.8% month-on-month. The production of Caijing's production line in the second quarter resumed, the demand for flat panel panels was good, and products such as oximeters also had urgent orders, which led to a rebound in revenue.
Ling Ju announced that the total self-consolidated revenue in May 2020 was 589 million yuan, a decrease of 1.84% from the previous month and a decrease of 29.26% from the same period last year. Ling Ju said that most of the European and American auto production lines were shut down in March and April, so the pulling of the car panel was suspended. Although some factories will resume work in May, some customers will start to pull in small quantities in May, but the actual number of shipments depends on The epidemic situation in the production bases of various car manufacturers. Overall, orders for panels such as in-vehicle and industrial control have been postponed, but the momentum of subsequent shipments still needs to observe the impact of the epidemic on the consumer market.