Taiwanese Panel Makers Slip in Annual Comparison

AUO shipped 9.6 million large panels and 14.8 million small panels in March, with sales rising 35% and 26.6% MoM, respectively. In the first quarter, these figures were 24.4 million large (down 11.5% QoQ and 8.8% YoY) and 37.8 million small panels (up 13% QoQ but down 11.5% YoY). The firm posted consolidated revenue for March of NT$26.3 billion ($812.4 million), up 27.7% MoM but down 24.5% YoY. Calendar Q1 revenues were NT$71.1 billion ($2.2 billion) – the lowest since Q2’09, and down 25.4% YoY.

CPT shipped 74,000 large panels and 33.8 million small-to-medium panels in March; these figures were up 22.2% MoM but down 40.6% YoY, and up 6.4% MoM but down 9.8% YoY, respectively. Consolidated revenues for the month were NT$3.2 billion ($98.9 million): up 16% MoM and dowwn 29.1% YoY. For January-March, revenues were NT$9.5 billion ($293.5 million), down 28.5% YoY.

Foxconn‘s consolidated revenues for March were NT$339.6 billion ($10.5 billion), up 21% MoM and 0.4% YoY. In Q1, the firm posted revenues of NT$957.9 billion ($29.6 billion), down 33% QoQ and 5.6% YoY.

Small-to-medium panel maker Giantplus Technology managed to raise its monthly and quarterly revenue. March revenue was up 16.1% MoM and 4.8% YoY (NT$975 million ($30.1 million), while Q1 revenue was up 11.8% YoY (NT$2.8 billion ($86.5 million))

Hannstar Display shipped 24.8 million small-to-medium panels and 123,000 large panels in March, up 14.9% and 11.6% respectively, MoM. Consolidated revenues in March were NT$1.2 billion ($52.5 million): up 15.6% MoM but down 37.1% YoY. Q1 revenues were down 32% YoY, to NT$3.6 billion ($111.2 million).

Innolux‘s shipments of large panels rose 19.2% MoM, to 8 million units. Small-and-medium panels were up 35.4%, to 16.5 million units. Revenues in the month were up 12.5% MoM but down 49.3% YoY, at NT$18.7 billion ($577.3 million). Q1 shipments of large panels were down 23.8% QoQ, to 22.9 million units, while small panels were down 31.8% to 47 million. Q1 revenues were at their lowest level ever for the company, slipping 43.7% YoY, to NT$56.4 billion ($1.7 billion).