List of shipments of H1 panel makers in 2021, BOE, LGD, AUO, HKC, SDC

Core reminder: According to the latest data from Sigmaintell, a total of 40.85 million display panels were shipped globally in the second quarter of 2021, a year-on-year decrease of 3.3% during the boom period driven by the epidemic and an increase of 4.7% from the previous quarter. A total of 79.87 million units were shipped in the first half of the year, an increase of 8.5% year-on-year, and a month-on-month decrease of 9.1% compared with the historical record refreshed in the second half of 2020. The shipment area was affected by the decline in shipments and the limited growth of large sizes. In the first half of the year, it totaled 13.37 million square meters, a decrease of 9.7% from the previous month.

According to the latest data from Sigmaintell, a total of 40.85 million display panels were shipped worldwide in the second quarter of 2021, a year-on-year decrease of 3.3% during the boom period driven by the epidemic and an increase of 4.7% month-on-month. A total of 79.87 million units were shipped in the first half of the year, an increase of 8.5% year-on-year, and a month-on-month decrease of 9.1% compared with the historical record refreshed in the second half of 2020. The shipment area was affected by the decline in shipments and the limited growth of large sizes. In the first half of the year, it totaled 13.37 million square meters, a decrease of 9.7% from the previous month.

BOE shipped 24.52 million units in the first half of the year, a year-on-year increase of 24%. As the leading manufacturer of panel supply, in addition to aggressive product specification upgrades, more displays were allocated in the second quarter, and the supply increase in the third quarter will continue. In the first half of the year, the market share reached 31% after the acquisition of Panda, an increase of 5% from the previous month. The internal supply is led by 23.8 inches and 27 inches, ranking first in the market shipments of their corresponding sizes. The shipment situation in the first half of the year was in line with its annual plan, with a significant increase in sizes of 27 inches and above.

LG Display (LGD) shipped 18.38 million pieces, a year-on-year increase of 19%. The market share reached 23%, an increase of 3% from the previous month. Affected by the shortage of raw materials in the second quarter, shipments have narrowed. The supply is expected to increase gradually in the third quarter. The size structure layout is rich, and it plays a leading role in the high-score and ultra-widescreen markets.

AUO (AUO) shipped 14.3 million pieces in the first half of the year, a year-on-year increase of 26%. AUO’s new capacity plan has increased steadily, and its market share has reached 18%, an increase of 2% month-on-month. Occupying a leading position in the curved surface and e-sports market, it is currently the main supply of 23.6 inches. In addition, the large size is planned to grow aggressively this year, and shipments in the first half of the year have been reflected, of which 31.5 inches has increased by more than three times year-on-year.

Innolux shipped approximately 9.44 million pieces, a year-on-year decrease of 9%, and its market share remained unchanged from the previous month. Innolux's production capacity remained stable in the first half of the year, and there was not much increase in the plan for the second half of the year. For low-generation line production capacity, the strategy of adopting more allocation to other applications, display growth was slightly weak. The size layout is mostly small. The year-round planning is more active for the large size 31.5 inches and 34 inches.

TCL China Star (CSOT) shipped about 5.48 million pieces, a year-on-year increase of more than doubled. The annual production capacity of 8.5-generation line monitors is planned to increase gradually, limited by supply, and the speed of increase is not as expected. The market share reached 7% in the first half of the year, an increase of 2% from the previous month. It ranks among the best in the curved and e-sports market, and is also active in upgrading the specifications of e-sports products. For the whole year, the planned internal supply of size shipments increased, and the growth of large sizes was even more pronounced.

Huike (HKC) shipped 4.38 million units, a significant increase from last year when it joined the initial supply of display panels. The production capacity of the 8.6-generation line is planned to expand steadily throughout the year. Thanks to the active expansion, the market share in the first half of the year reached 5%. The current size layout is relatively simple, and there are incremental plans for e-sports and widescreen in the second half of the year. With the gradual implementation of the plan, it will also occupy a place in the market segment.

CEC-Panda shipped 2.18 million pieces in the first half of the year. The current 6-generation line is mainly supplying 21.5 inches. In the third quarter, its production capacity continued to tilt toward displays, and it accounted for 3% of the market share in the first half of the year.

Samsung Display (SDC) shipped 1.2 million pieces in the first half of the year, and the supply is nearing completion. Other panel manufacturers actively fill the market vacancies they bring.

In the second half of the year, due to the weakening of TV demand, the production capacity strategy of panel manufacturers is inclined to IT products. For example, BOE, TCL China Star (CSOT), CEC-Panda, etc. have increased the allocation of display capacity According to the plan, the expansion of HKC, a late-coming panel factory, will continue in the second half of the year. In addition, Taiwan's production capacity is also increasing steadily, and the supply of materials is eased. The backlog of semi-finished products in each panel factory is expected to be released. Panel shipments in the second half of the year will increase in growth. It is expected that shipments in the third quarter will reach 43.43 million units and more than 45 million units in the fourth quarter. Shipments in the second half of the year will increase by 1.9% year-on-year and 12.1% month-on-month.