countertop panel double tigers both announced their revenue for February 2021 today. AUO's revenue in February was NT$25.60 billion, an annual increase of 44.7%; Qunchuang's revenue in February was NT$25.3 billion, an annual increase of 79.3%.
AUO said that due to the decrease in the number of working days during the Lunar New Year, revenue in February decreased by 3.8% compared with the previous month, reaching NT$25.6 billion, a significant increase of 44.7% compared with the same period last year; the total panel shipment area in February reached 2.09 million square meters, a decrease of 5.9% from January.
Qunchuang pointed out that revenue in February was NT$25.3 billion, a decrease of 7.9% from the previous month, but compared with the same period last year, it increased by 79.3%; the combined shipments of large-size sizes in February 2021 totaled 11.57 million pieces, a decrease of 7.7% from the previous month; the combined shipments of small and medium-sized sizes totaled 25.04 million pieces, a decrease of 5.8% from the previous month.
As rigid demand for home economy and long-distance work remains unabated, panel demand has recovered and prices have continued to remain at highs. according to WitsView, a monitor research department under TrendForce, released its latest panel quotation in early March, showing that the average price of , the 55-inch TV panel has reached US$195, up 2.6% from US$190 in late February; while the average price of 14-inch notebook computers is RMB35.3, up 2.3% from late February.
Looking forward to the future development of panels, both countertop panels are optimistic. Peng Shuanglang, Chairman and CEO of AUO, estimates that the panel industry will return to a healthy and rational mechanism in the medium and long term, and will continue to be committed to value transformation in the future, through the layout of previous high-end products and field economy. At the same time, AUO has also launched a two-axis transformation and is developing towards high added value. Currently, 90% of AUO's revenue still comes from major businesses such as panels and solar energy. In the future, AUO will accelerate the development of high-value-added products with its accumulated technology and manufacturing strength over the years, such as the 8K, bezel-free TV, e-sports panels, and Mini/Micro LED displays that were previously launched.
, Chairman of Qunchuang, Hong Jinyang, said that panel demand has rebounded, and under the changes in the industrial structure, we will be cautiously optimistic about the panel market prosperity in 2021; gross profit margin is expected to continue to rise this year, and achievements in the non-display field will gradually emerge. With the arrival of the post-epidemic era and driven by the popularization of 5G communications, the supply and demand structure of panels will usher in a new transformation. In order to welcome the industrial changes and business opportunities brought by the post-epidemic era, Qunchuang continues to provide customers with innovative, diverse and flexible application solutions based on the concept of "transformation and reconstruction ‧ value leap forward".
News source : Financial News
Cover image source : Paixin.com
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