INNOLUX's August operating revenue was NT $18.48 billion, with a monthly increase of 4.7%
Both large and small panel shipments have increased. INNOLUX announced on the 9th that its consolidated revenue for August this year was NT $18.48 billion (in the same unit), with a monthly increase of 4.7% and an annual decrease of 3.9%, reaching a new high in nearly two months.
INNOLUX's large-sized consolidated shipments in August 2024 totaled 10 million pieces, an increase of 10.6% compared to the previous month; The combined shipment volume of small and medium-sized products totaled 18.18 million pieces, an increase of 13.8% compared to the previous month.
INNOLUX's cumulative consolidated revenue for the first eight months of this year was 143.487 billion yuan, an annual increase of 3.7%. Today, the stock price weakened along with the overall market, with a slight drop of 0.15 yuan. The trading volume exceeded 63600 sheets, closing at 14.05 yuan.
INNOLUX General Manager Yang Zhuxiang responded to a question from the legal representative at a press conference a month ago, stating that in the second half of 2024, in response to the economic slowdown, the operating rate in the third quarter will decrease by more than 5 percentage points to maintain stable profits.
He stated that due to the ongoing global geopolitical tensions and unclear information about the Fed's interest rate cuts, there was no strong demand for television panels in the second half of the year. The good news for IT panels in the third quarter is that there is a strong demand for low-priced Chromebooks and TN panel pens. The shipment volume of AI PCs this year is about one million units, which belongs to high-end products and accounts for a low proportion of the global market of about 190 million to 200 million laptops. He assessed that the overall IT panel economy is on the road to bottoming out and recovering, and needs to wait for the wave of machine replacement next year and the demand for returning to school to drive it.
As for car panels, although new car sales have slowed down this year, the average size growth of car panels and the promotion of electric vehicles still drive the increase in shipment volume. Yang Zhuxiang emphasized that it has already entered the supply chain of multiple car manufacturers, and the shipment volume of automotive panels will maintain a growth trend.
INNOLUX's cumulative consolidated revenue for the first eight months of this year was 143.487 billion yuan, an annual increase of 3.7%. Today, the stock price weakened along with the overall market, with a slight drop of 0.15 yuan. The trading volume exceeded 63600 sheets, closing at 14.05 yuan.
INNOLUX General Manager Yang Zhuxiang responded to a question from the legal representative at a press conference a month ago, stating that in the second half of 2024, in response to the economic slowdown, the operating rate in the third quarter will decrease by more than 5 percentage points to maintain stable profits.
He stated that due to the ongoing global geopolitical tensions and unclear information about the Fed's interest rate cuts, there was no strong demand for television panels in the second half of the year. The good news for IT panels in the third quarter is that there is a strong demand for low-priced Chromebooks and TN panel pens. The shipment volume of AI PCs this year is about one million units, which belongs to high-end products and accounts for a low proportion of the global market of about 190 million to 200 million laptops. He assessed that the overall IT panel economy is on the road to bottoming out and recovering, and needs to wait for the wave of machine replacement next year and the demand for returning to school to drive it.
As for car panels, although new car sales have slowed down this year, the average size growth of car panels and the promotion of electric vehicles still drive the increase in shipment volume. Yang Zhuxiang emphasized that it has already entered the supply chain of multiple car manufacturers, and the shipment volume of automotive panels will maintain a growth trend.