Products Category
Graphic LCD
Contact Us
Name: Cassie.Huang
Tel: +86-755-27864416
Mobile: +86-15989366182
E-mail: cassie@rxxdisplay.com
Skype: cassie_1191
QQ:
2850818618
Link
Company News
>> BOE OLED yield is low 21th,Dec,2018
The oversupply of LCD (liquid crystal display) panel led to a decline in BOE's share price, which has fallen more than 60% compared with the stock price at the beginning of the year. Korean media pointed out that in addition to the unclear prospects of BOE LCD, its OLED (Organic Light Emitting Diode) business cannot successfully enter the screen market. It is also an important factor.
From the stock price point of view, in January this year, BOE shares rose to 6.65 yuan, but fell to 3 yuan in June, and fell to 2 yuan in December, so far the stock price is between 2 and 3 yuan, less than half of January price.
According to the Korean media "DDaily", as of the second quarter, the industry's stock price decline in the BOE pointed out that the deterioration of the LCD market is the main reason, although it is also affected by the Sino-US trade war, but the only share of the global technology companies BOE fell. Larger range.
After entering the third quarter, LCD panel prices began to rebound. A related person in the industry claimed that BOE deliberately pulled up the panel price in order to become the leader of the LCD market, so that it can manipulate the LCD market in the future.
But in fact, although LCD prices have rebounded, their performance has not been satisfactory. Although sales increased by 19% from the previous quarter to RMB 26 billion, operating profit decreased by 60% to only RMB 400 million. Even though there were many positive factors in the third quarter, including the rise in LCD prices, the operating rate of the 10.5-generation LCD production line increased a lot, but in particular, the government subsidy was reduced from RMB 1 billion in the previous quarter to RMB 400 million. It has had a big impact.
In addition, the third quarter of the capital expenditure (CAPEX) increased by 37% from the previous quarter to 15.4 billion yuan, which is the largest scale since the start of the investment in the 10.5 generation line, following the fourth quarter of 2016, so the analysis believes that with interest The increase in the fourth quarter may still be not optimistic.
Not only that, but the fourth quarter has to bear the trend of LCD prices falling again. According to the results of the market adjustment of WitsView, the average price of LCD TV panels in the first half of November fell by 0.89% from the previous month to $177.4, compared with the second half of November. In the first half of the month, it fell by 1.12% to reach US$175.4. In addition to BOE, Huaxing Optoelectronics is also preparing to launch the 10.5 generation line. It is difficult to rebound in the first half of next year.
At the same time, BOE began to supply OLEDs, but the increased cost will probably reduce profitability. BAT, the first curved OLED series production line launched by BOE, still faces the dilemma of yield. The second OLED factory B11 is introducing equipment, and the third factory B12 has only recently started construction, although the composition of OLED market in Korea and China is not the same. However, Korean display equipment manufacturers believe that BOE's OLED yield is less than 10%. Korean industry insiders believe that BOE may still have to suffer from yield problems for a while.
If we look at the above, we have combined many unfavorable factors, and the decline in stock prices is inevitable. As LCD prices fall, OLED-related expenses increase, the government reduces subsidies, and other Chinese LCD companies' production may cause excesses, the overall investment mentality of unease will continue.
Chinese
Deutsch
Espanol
Francais
Italiano
Portugues
Japanese
Korean
Arabic
Russian
