Qunchuang reported October revenue of NT $22 billion, up 1.4 percent, or 11.6 percent, on November 8.
Another panel factory also reported October revenue, dragged down by falling panel prices. Monthly revenue also fell below NT $20 billion (the same below) mark, reaching 19.98 billion yuan (4.6 billion yuan), down 16.3 percent from the previous month, 24.6 percent lower than in the same period last year, and the lowest since February 2009.
Qunchuang combined revenue of NT $63.3 billion (14.5 billion yuan) in the third quarter, operating loss of NT $4.9 billion (about 1.1 billion yuan), after-tax loss of NT $3.9 billion, and basic loss of NT $0.39 per share. Depreciation and amortization are NT $8.9 billion and capital expenditure is NT $5 billion.
The monthly shipment performance was 10.41 million tablets in October, an increase of 2.1 percent over the previous month, and a total of 21.96 million tablets in small and medium-sized shipments, an increase of 3.6 percent over the previous month. Qun Chuang Optoelectronics said the overall shipping area in the third quarter of 2019 was 7.05 million square meters, down 2.9 percent from the previous quarter, and the LCD panel sold for $287 yuan per square meter. Revenue for small and medium-sized sizes was NT $17.6 billion, an increase of 20.5 percent over the previous quarter, while the combined shipping area for medium and small sizes was 687200 square meters, an increase of 13.5 percent over the previous quarter.
Shenzhen Jinxiong Xing Technology Co., Ltd.
Set up in 1998, is a high-tech enterprise specialized in producing LCD and LCM. Our company has 1500 staffs, more than 30000 square kilometer area, advanced LCD production lines, and a professional team with great strength and rich experience. Moreover, our company has passed ISO 9001, ISO14001, TS16949 certifications as well as RoHS and REACH Certification and specialized in producing all kinds of LCD with the thickness of 1.1mm, 0.7mm, 0.55mm and 0.4mm and the models of TN, HTN, STN and FSTN LCM with COB, TAB, COG, TFT and LED Backlight.