Taiwan Display Shuanghu Reported Revenue In October, With A Monthly Increase Of 1.4% And A Monthly Decline Of 16.3%.

- Nov 11, 2019-

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. 

lcd display

lcd display

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. 

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