Panel price growth slowed down, Innolux: The average selling price of large-size panels rose by more than 15% this quarter

Core reminder: Innolux expects that the shipment volume of large-size panels this quarter will be the same as that of the previous quarter, with an average sales price rising by 15%; shipment volume of small and medium-size panels will fall by 1% to 3% compared with the previous quarter. AUO estimates that shipments this season are expected to increase by single digits, the average selling price will increase by at least 10%, and the utilization rate will continue to be high.
According to news on June 8th, according to the latest panel quotation survey published by the market research agency TrendForce on June 7, the average price of 32-inch and 43-inch TV panels remained the same as in late May, and both 55-inch and 65-inch TV panels rose by US$2; Display panels of all sizes rose 0.7 to US$1 from the end of May; notebook computer panels of all sizes rose between US$0.5 and 1.2.

Since June last year, panel prices have continued to rise. 32-inch TV panels have risen by 1.7 times in more than a year, and 43-inch TV panels have more than doubled. Due to the large increase, and the profit margin of some brands in small and medium-sized TVs Very few, even facing losses, so it became the first product to stop the rally.

Looking at the entire month of June, the price of 32-inch and 43-inch TV panels will continue to be flat. 55-inch TV panels will go up by about 3 dollars, 65-inch TV panels will go up by 5 to 6 dollars, and 75-inch TV panels will go up by 6 to 8 dollars. Slow down. Mainstream display products will continue the upward trend last month, and the 18.5-inch to 27-inch products still have 3 to 4 US dollars upside, which is the same as last month. However, the sales of 31.5-inch or QHD and other high-end specifications have slowed down in some markets, so the upward trend Also slowed down, between about 2 to 3 dollars.

The 14-inch to 17.3-inch notebook products are still expected to rise by 2.5 to 3 yuan, which is the same as last month. However, last year, driven by Chromebook demand, the 11.6-inch notebook panel that was the first to rise, because the quotation was already high, profitability for brand manufacturers was not ideal, so the pull of goods slowed down, and it is expected that the product's growth rate will converge to 1.5 this month. The dollar goes up and down.

Although there are signs of weakening panel gains, most product quotations are still rising. Innolux and AUO are expected to increase their profits this quarter and their gross profit margins will rise. Innolux's gross profit margin in the first quarter of this year was a record high of 25.8%, which should be a new high this quarter; AUO's gross profit margin in the first quarter of this year was 22%, which challenged the historical high of 27.1% this quarter.

Innolux expects that the shipment volume of large-size panels this quarter will be the same as that of the previous quarter, with an average sales price rising by 15%; shipment volume of small and medium-sized panels will fall by 1% to 3% compared with the previous quarter. AUO estimates that shipments this season are expected to increase by single digits, the average selling price will increase by at least 10%, and the utilization rate will continue to be high.