Panel giants AUO and INNOLUX both hit 8-month lows in October revenue
Panel giant AUO announced October revenue of NT $20.87 billion, a decrease of 19.3% month on month and 1.4% year on year; INNOLUX's revenue in October was 16.89 billion yuan, a decrease of 11.6% month on month and 2.3% year on year. Both companies' revenue last month hit an 8-month low.
AUO's cumulative revenue for the first ten months of this year was 232.426 billion yuan, an annual increase of 12.9%. INNOLUX's revenue for the first ten months of this year was 179.722 billion yuan, an increase of 2.3% year-on-year.
This season has entered the traditional off-season, and panel factories are cautious about their operations. Peng Shuanglang, Chairman of AUO, said at the French conference a few days ago that the fourth quarter had entered the traditional slack season, but under the "old for new" policy in Chinese Mainland to stimulate TV consumption, it was estimated that the revenue of AUO panel business was equivalent to the same period last year. The intelligent mobile and vertical field industries are also affected by overall economic and seasonal demand, and are much more stable compared to panels. Looking ahead to 2025, driven by the trend of "on-demand production" among peers and the expected warming and replacement of commercial models, the supply and demand of the industry next year are relatively optimistic.
AUO General Manager Ke Furen pointed out that AUO's two major businesses, intelligent mobile and vertical field, have relatively high order visibility and stable revenue this quarter, which will reduce the impact of seasonal panel decline. He pointed out that by 2025, the mastery and visibility of orders and new cases in intelligent mobile and vertical fields will be excellent, and coupled with the trend of healthy panel supply and demand, it is expected that AUO's operations will continue to grow next year.
INNOLUX expects that the "old for new" consumer subsidy policy in Chinese Mainland will help support the demand for TV sets, and TV panel prices are expected to remain stable. INNOLUX will continue its "on-demand production" strategy, dynamically adjusting its product portfolio and improving production efficiency in response to market changes. At the same time, by committed to promoting a dual track transformation strategy, we will continue to deepen our layout in the non display field.
INNOLUX estimates that the shipment volume of large-sized panels in the fourth quarter will decrease by 7% to 9%, and the average selling price (ASP) will decrease by less than 3%; The shipment volume of small and medium-sized panels is expected to increase by 17% to 19% quarterly.
This season has entered the traditional off-season, and panel factories are cautious about their operations. Peng Shuanglang, Chairman of AUO, said at the French conference a few days ago that the fourth quarter had entered the traditional slack season, but under the "old for new" policy in Chinese Mainland to stimulate TV consumption, it was estimated that the revenue of AUO panel business was equivalent to the same period last year. The intelligent mobile and vertical field industries are also affected by overall economic and seasonal demand, and are much more stable compared to panels. Looking ahead to 2025, driven by the trend of "on-demand production" among peers and the expected warming and replacement of commercial models, the supply and demand of the industry next year are relatively optimistic.
AUO General Manager Ke Furen pointed out that AUO's two major businesses, intelligent mobile and vertical field, have relatively high order visibility and stable revenue this quarter, which will reduce the impact of seasonal panel decline. He pointed out that by 2025, the mastery and visibility of orders and new cases in intelligent mobile and vertical fields will be excellent, and coupled with the trend of healthy panel supply and demand, it is expected that AUO's operations will continue to grow next year.
INNOLUX expects that the "old for new" consumer subsidy policy in Chinese Mainland will help support the demand for TV sets, and TV panel prices are expected to remain stable. INNOLUX will continue its "on-demand production" strategy, dynamically adjusting its product portfolio and improving production efficiency in response to market changes. At the same time, by committed to promoting a dual track transformation strategy, we will continue to deepen our layout in the non display field.
INNOLUX estimates that the shipment volume of large-sized panels in the fourth quarter will decrease by 7% to 9%, and the average selling price (ASP) will decrease by less than 3%; The shipment volume of small and medium-sized panels is expected to increase by 17% to 19% quarterly.