What They Say
AUO and Innolux reported their monthly results for December. AUO said that it’s revenues were up by 36.8% year on year for the whole of 2021 at $13.4 billion. December was 10.1% up on 2020 in revenue but down 4.0% year on year in panel area terms. Over the year, the area was broadly flat at +0.6%.
Innolux was down for December by 1.8% year on year. Over the year, like AUO, Innolux was well up (+29.7%) at $12.66 billion. Large panel shipments were up 11% in unit volumes for the year to 133.7 million and small-medium panels were up 13.7% to 291.7 million.
What We Think
The year on year results are not going to look good for 2022 of course, after recent LCD price drops. Both companies really need to optimise their product mixes with miniLED and other value added technologies if they are to maintain their financial health. (BR)
