The hottest TV panel prices rise can panel enterpr

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With the rise of TV panel prices, can panel companies achieve profit from loss?

judging from the recent results announced by major panel manufacturers, the impact of the lower price of LCD panels and the more intense competition in the market on enterprises has continued since last year, and the profitability of major enterprises has declined in the first half of this year. However, since the third quarter, LCD panel prices have risen across the board, which may further enhance the profitability of panel manufacturers

TV panel price trend

after more than a year of price decline, the third quarter of TV panel ushered in a peak season, which is not only the growth of shipments, but also the continuous rise of TV panel prices in July and August. It is estimated that the rise below 55 inches in August will be about $2-3. Qiu Yubin, vice president of WitsView research, pointed out that the third quarter of this year will be the peak of TV panel prices. It is worth noting that there are not many surprises in the fourth quarter, and prices are likely to adjust, In the first quarter of next year, it will be more pessimistic under the expansion of China's new production capacity

Qiu Yubin said that the price of TV panels began to stop falling and rebound in June. The Chinese panel manufacturers reported a 32 inch panel production reduction. Coupled with the 618 promotion, the quotation of 32 inch panels rose. The price of more than 43 inch panels rose in July and August, with an average increase of about $2 in August. The strength was not as strong as expected, mainly because of the pressure of brand stock in the third quarter, but whether to continue buying in the fourth quarter depends on whether sales improve

according to the prediction data of swarm intelligence consulting, the panel price will rise comprehensively in August, and the increase of some sizes will expand. The reason is that: overseas market sales have improved, TV manufacturers continue to actively stock goods for export, and the demand for TV panel stock in the peak season from July to August is strong. In the global LCD TV panel supply and demand tight environment, panel manufacturers actively promote price increases

in response to the trend of panel prices, TCL group said in an investigation that with the structural adjustment of the supply side in the second half of the year and the arrival of the peak stocking season for demand side terminal manufacturers, it is expected that the stabilization and recovery of TV LCD panel prices are expected to continue. It is expected that next year's panel demand will be driven by the small growth in TV sales, the continuous rise in average size and the emergence of various new applications

Liu Xiaodong, President of BOE, believes that there are three main reasons for this rise: first, the product structure adjustment of panel factories, such as BOE reducing the output of small and medium-sized TV panels such as 32 inches, while increasing the output of super large TV panels of 65 inches and above; Second, the panel factory actively adjusted the capacity utilization rate; Third, the third quarter of each year is the traditional peak season, with increased demand and de stocking awesome. Liu Xiaodong predicted that this round of phased recovery in TV panel prices may continue until October this year, but it is not enough to reverse the overall situation of the industry

Bian Zheng, senior research manager of Aowei cloud blacktop, said that the market trend of subsequent TV panel prices also depends on the sales of "Black Friday" in North America and "double 11" in China in the fourth quarter of this year. If the global market demand is not significantly boosted, with the continuous opening of new production lines in the second half of this year and next year, the test for the panel industry will only be greater and greater in the future. Because the global color TV market has basically entered the stock market, it is difficult to consume the increasing production capacity only by relying on the large-scale TV market. In the future, commercial displays and new applications will continue to mature and expand in the direction of restrictions on raw material components and additives used in products, which may become new opportunities for the panel industry

Qiu Yubin believes that the trend of TV panel price in September this year needs to be observed. The peak of this year will fall in the third quarter, and the price may be adjusted in the fourth quarter. There will be weakening pressure from October to November, and the TV panel price will be revised next year. Qiu Yubin pointed out that in the first quarter of next year, it is a pessimistic expectation. In China, BOE accelerates the capacity expansion of 10.5 generation plants. In addition, the mass production of CLP rainbow generation 8.6 line, panda optoelectronics Chengdu generation 8.6 + line, and the mass production of Huaxing generation 11 line in the first quarter of next year. It is expected that the production capacity will increase significantly in the first half of next year. Coupled with the off-season demand, the imbalance between supply and demand will be more obvious

the profitability of panel manufacturers is facing challenges

in the first half of this year, the panel industry suffered from the impact of the global market environment and the decline in product prices, and the revenue of panel manufacturers fell to varying degrees. As a leading enterprise in the panel industry, LGD has suffered losses in the past two quarters. LGD had an operating loss of 228.1 billion won in the second quarter, while it made a profit of 804 billion won in the same period in 2017. In addition, in the second quarter of 2018, LGD sales also fell by 15.4% year-on-year to 5.6 trillion won

it is understood that one of the reasons for LGD's large losses is the impact of the decline in the price of LCD panels; On the other hand, the decline in Apple's LTPS panel orders also affected LGD's revenue in the first half of the year. At the same time, the small-size OLED panels produced by LGD are not as smooth as expected, and have not generated any profits so far

According to the preliminary financial report released by Samsung Electronics, the company's operating profit for the quarter was 14.8 trillion won (about US $13.2 billion), up 5.2% from 14.07 trillion won in the same period last year; Revenue was 58 trillion won, down 4.9% from the same period last year. The display panel business is a large part of Samsung Electronics' revenue. While Samsung Electronics competes with apple in the high-end smart market, the company is also the only supplier of Apple's iPhone x OLED display. The operating profit of Samsung's electronic display business in the second quarter was 140billion won, down from 1.7 trillion won in the same period last year

in addition to Samsung and LGD, panel manufacturers such as JDI, Youda optoelectronics, qunchuang optoelectronics and Huaying technology also experienced a decline in varying degrees

the consolidated revenue of qunchuang Optoelectronics in the second quarter of 2018 was NT $66.5 billion, a decrease of 21.4% over the same period last year, and a decrease of 0.4% compared with the consolidated revenue of the leading quarter in 2018. The combined large-size shipments totaled 31.99 million pieces, an increase of 14% compared with the 28.07 million pieces shipped in the leading quarter in 2018; The combined shipments of small and medium-sized products totaled 68.28 million pieces, a decrease of 0.4% compared with the 68.57 million pieces shipped in the leading quarter in 2018

the consolidated turnover of Youda optoelectronics, another panel manufacturer in Taiwan, in the second quarter of this year was NT $75.05 billion (about 16.38 billion), a year-on-year decrease of 11.1%

according to JDI's leading quarterly financial report for fiscal 2018 (April June), JDI had a net loss of 1.77 billion yen (about $15.9574 million), and net sales of 130.281 billion yen (about $1.175 billion), a year-on-year decrease of 45.2%. JDI said that shipments to apple were also declining due to the shift of some Chinese smartphones to OLED screens and inventory adjustments

for Huaying technology, the semi annual report was directly released. From the perspective of the three major businesses of Huaying technology, the panel business suffered the most serious losses, and the net profit loss of huajiacai was as high as 295million yuan, directly dragging down the overall revenue of Huaying technology. Huaying technology said that since the mass production of huajiacai project in July last year, depreciation has been accrued. Then, in the process of switching the proportion of smart screen from the traditional 16:9 to 18:9 full screen, the production line switching and the time from product production to customer certification are long, which affects the climbing progress of huajiacai's operating revenue. At the same time, affected by the shortage of tddi IC, the mass production time of some embedded touch products of huajiacai was delayed, and the overall capacity utilization was low, resulting in higher unit production costs

sinley international has been in the midst of losses since the second quarter of last year. The group's consolidated net operating income in June 2018 was about HK $1.716 billion, a year-on-year decrease of about 3.8%. As of June 30, 2018, the cumulative consolidated net operating income for the six months was about HK $9.065 billion, a year-on-year decrease of about 16.3%. One of the main reasons given by Xinli is that under the influence of the associated company Xinli Huizhou, the company began to accrue depreciation, and the capacity utilization rate and yield rate were in a climbing period, resulting in major losses

according to the 2018 semi annual report released by vicino, the company's operating revenue in the first half of the year was 475million yuan, an increase of 3778.62% year-on-year; The net profit attributable to shareholders of listed companies was 16 million yuan, with a year-on-year increase of 116.47%. For the reasons for achieving double growth, vicino said that the main reason was that the company's holding subsidiaries and subsidiaries applied for government subsidies smoothly in the first half of 2018, and the government subsidies received had a positive impact on the company's total profits. The announcement shows that in the first half of the year, vicino's subsidiaries and subsidiaries received a total of 835 million yuan of government subsidies

at present, domestic panel leaders such as BOE, csot, Shenzhen Tianma, etc. have not announced the performance of installing the first half of the sample in the second quarter or in the first half of the year, but I'm afraid it will not be very good due to the impact of the overall environment and economy

in March this year, BOE officially launched the world's first 10.5G product line focusing on 65 inch TV panels. Driven by the 2018 World Cup in Russia, it received more orders for 32 inch panels and increased the output of the 8.5g product line in Fuqing, southern China. After that, BOE successfully became the world's top TV panel supplier in the second quarter of 2018. However, in the first half of the year, the panel price was at a historical low, and the first quarter was a traditional off-season. It was not easy for BOE to make a big profit in the first half of the year

according to the first half performance forecast released by TCL group, in the first half of this year, the production volume of csot T1 and T2 production lines increased by 7.49% year-on-year, continued to maintain full production and sales, steadily increased the production capacity of T3 production line, and smoothly promoted the construction projects of T4 and T6. However, the average price of major size panels in the first half of the year was significantly lower than that in the same period last year, resulting in a year-on-year decline in the performance of csot

in the latest disclosed record of investor relations activities, Shenzhen Tianma a said that according to the accounting standards for business enterprises and the company's accounting policies, the depreciation of machinery and equipment in each production line of the company is calculated and withdrawn by 10 years. At present, the company's a-Si production line has come to the end of depreciation in succession. For example, the depreciation of Shanghai optoelectronics G5 generation line has been completed, and the technical transformation of Shanghai Tianma G4.5 generation line exists, so the depreciation will be completed within this year if it is slightly extended. The depreciation of Chengdu Tianma and Wuhan Tianma G4.5 generation lines will be completed in succession in the past two or three years, and it is expected to have a positive impact on the company's performance at that time

although the decline in panel prices in the first half of the year led to a decline in the performance of panel manufacturers, since the third quarter, TV panel prices have increased to varying degrees, with an overall increase of about 5% - 10%. Panel prices rose sharply in the third quarter, which gave panel factories breathing space. Prices and volumes rose this quarter, and profits will be significantly improved

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