Innolux Enjoys the Market in Q4 2020

Innolux proc

What They Say

Innolux reported a solid quarter to finish 2020 with sales of $2.79 billion and operating profits of $360 million. For the year, it made sales of $9.64 billion and net profit of $64 million.

In 4Q20, the firm shipped 7.43 million m² of total panel, a decrease of 4.9% quarter-on-quarter. Blended area ASP for TFT-LCD panels averaged $ 362 per square metre.

In the quarter, in terms of product application, mobile & CP, mobile PC, desktop, TV panels accounted for 27%, 25%, 11% and 38% of net sales, respectively.

What We Think

Solid pricing should see several good quarters in 2021 for the major panel makers in Taiwan, especially if, as expected, IT products remain firm in sales. (BR)