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Panel maker Innolux’s revenue in 2022 will be NT$223.7 billion, a year-on-year decrease of 36.1%

According to Taiwan Economic Daily, financial data show that the consolidated revenue of panel maker Innolux in the fourth quarter of 2022 will drop to approximately NT$47.9 billion (approximately RMB 10.634 billion), down from 2010. lowest since the first quarter of the year.

Specifically, the latest financial data of Innolux are as follows:

Innolux’s December 2022 revenue was NT$16.113 billion (approximately RMB 3.577 billion), a decrease of 0.4% month-on-month and a decrease of 39.2% year-on-year;

Innolux’s consolidated revenue in the fourth quarter of 2022 was NT$47.913 billion (approximately RMB 10.637 billion), a decrease of 0.2% quarter-on-quarter and a decrease of 40% year-on-year;

Innolux’s consolidated revenue in 2022 will be NT$223.715 billion (approximately RMB 49.665 billion), a year-on-year decrease of 36.1%, the worst in 13 years.

Innolux said that in December 2022, shipments of large-size panels will be 9.75 million pieces, a month-on-month increase of 6.3%; small and medium-sized panel shipments will be 19 million pieces, a month-on-month decrease of 3.8%. In the fourth quarter of last year, large-size shipments were 27.7 million pieces, an increase of 6% from the previous quarter; small and medium-sized shipments were 60.66 million pieces, a decrease of 11.6% from the previous quarter. In 2022, shipments of large-size panels will be 121 million pieces, a year-on-year decrease of 18.3%; shipments of small and medium-sized panels will be 280 million pieces, a year-on-year decrease of 15.4%.

Innolux believes that the overall economy has not improved yet, and will not increase capacity utilization at present. It is estimated that the capacity utilization rate in the first part of this quarter will be about 60% to 70%, and the average capacity utilization rate in the latter part will be about 80%. The outlook for the second quarter tends to be cautiously optimistic, and we look forward to the good news that the industry will recover in the third quarter.

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