IT Home October 9th news, according to Taiwan’s Central News Agency, the TV panel price showed signs of stopping decline in October. Financial data of panel manufacturer Qunchuang shows that in September 2022, Qunchuang's revenue was NT$17 billion (about NT$3.825 billion), and increased by 11.1% month-on-month and a year-on-year decrease of 42.4% .
IT Home learned that Qunchuang Optoelectronics pointed out that the combined shipment of large-size panels in September totaled 9.23 million pieces, an increase of by 6.7% compared with August; the combined shipment of small-sized panels in September totaled 23.48 million pieces, an increase of by 5.7% compared with August.
In the third quarter, Qunchuang Optoelectronics consolidated revenue was NT$48 billion, a decrease of 17.1% month-on-month and a decrease of 48.4% year-on-year; a total of 26.13 million large-size panels were shipped, a decrease of 19.5% compared with 32.45 million in the second quarter; a total of 68.66 million in the combined shipments of were shipped, a decrease of 18.5% compared with 84.27 million in the second quarter.
Previously, Qunchuang said at the Fashu meeting that the panel industry has the opportunity to bottom in the fourth quarter, but inventory digestion may have to wait until the first quarter next year.
As a comparison, Qunchuang's revenue in August was NT$15.3 billion (about RMB 3.442 billion), decreased by 3% month-on-month and 51.3% year-on-year, hitting a new low in the past 30 months .
