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>> Affected by the sharp drop in panel prices, Taiwan panel factory performance fell into losses 19th,March,2019
Affected by the sharp drop in panel prices, the Taiwan panel factory was completely annihilated. In the fourth quarter of last year, the industry was in a loss. Panel Shuanghu had a loss of 1.4 billion yuan in the previous quarter. In the fourth quarter of last year, Caijing suffered gross loss due to asset impairment, and the net loss after tax was NT$1,208 million (the same below), ending 11 consecutive quarters of profit. In the first three quarters of last year, Huaying’s net loss after tax was 7.557 billion yuan. The market expects that the loss in the fourth quarter of last year will increase, and it is difficult to escape losses last year.
Last year, the price of TV panels fell by 20-30%, and the price of small and medium-sized panels fell by more than 20%, which seriously eroded the profitability of panel makers. In the fourth quarter of last year, Taiwan's panel makers all suffered losses. AUO's operating loss in the previous quarter was 1.454 billion yuan. The net profit attributable to owners of the parent company was 281 million yuan, and the earnings per share was 0.03 yuan. The net profit for the year was 10.16 billion yuan, an annual decrease of 68.6%, and the basic earnings per share was 1.06 yuan. In the fourth quarter of last year, Innolux suffered a loss of 1.431 billion yuan, a net loss after tax of 697 million yuan, a loss of 0.07 yuan per share, a net profit after tax of 2.223 billion yuan, a year-on-year decrease of 94%, and a surplus of 0.22 yuan per share.
Caijing's revenue in the fourth quarter of last year was 3.19 billion yuan, a decrease of about 22% from the third quarter of last year. As the asset deducted from the 6-generation factory that has not been built is about 645 million yuan, the operating gross profit is about 750 million yuan, the gross loss rate is about 24%, and the operating loss is about 1.25 billion yuan. It was about 1.208 billion yuan and the basic loss per share was 0.37 yuan, ending the profit performance for 11 consecutive quarters. Because the price of small and medium-sized panels fell, the demand for mobile phone panels was sluggish. Color crystal's total revenue last year was about 16.866 billion yuan, a decrease of 28.97% compared with the previous year. The operating profit was about 916 million yuan, the net profit after tax was about 1.021 billion yuan, and the earnings per share was about 0.32 yuan.
Huaying turned losses in the third quarter of last year. The accumulated net loss after tax for the first three quarters was 7.557 billion yuan, and the net loss per share was 0.93 yuan. Huaying announced in December last year that it had requested reorganization and emergency punishment. The factory was shut down because of the supplier's material cut. Although it resumed work at the end of the year, the amount of film dropped sharply. Last December, revenue fell to 940 million yuan last year. In the fourth quarter, revenue was only about 3.814 billion yuan, compared with more than 40% in the previous quarter. The market expects that Huaying's single-season loss will increase, and it will not be able to escape losses throughout the year.
Although the decline in panel prices in the first quarter of 2019 has slowed down, the overall average price is still at a low level. And the demand in the off-season is weak, the capacity utilization rate is about 5-10% lower than the average of the previous quarter. The legal person estimates that the first-quarter revenue of the panel factory will decline by 10% compared with the previous quarter. If you want to expand, you have to wait for the second season to have a chance.
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