On the evening of March 27th, Microelectronics reported that BOE issued an announcement stating that the management committee of Wujiang Economic and Technological Development Area provided R&D subsidies of RMB 200 million to the company’s subsidiary, KoChuang (Suzhou) Electronics Co., Ltd., which was approved in March. Arrival on the 26th. This R&D subsidy belongs to the government subsidy related to income and should be recognized as the current profit and loss in the current month and included in other income. It is expected that this issue will generate revenue of RMB 200 million in 2018.
2. Research and adjustment: The average size of large-size LCD panels will continue to increase.
According to IDC (International Data News), the latest research shows that shipments of large-size liquid crystal display panels shrank in the fourth quarter of 2017 (2017), and the average size of liquid crystal display panels for various applications remained a concern.
According to IDC research report, due to the slowdown in demand for LCD panel applications, shipments of large-size LCD panels in the fourth quarter (2017) decreased by 1.7% compared to the third quarter, with a total volume of approximately 200 million tablets. .
Looking ahead to the development of the liquid crystal display panel industry in the first half of this year (2018), the demand for end-user products was affected by the traditional off-season, and the capacity of large generations was gradually opened. IDC expects to continue to face the challenge of oversupply in the first half of this year. The global large-size liquid crystal display industry average The size will continue to grow. It is expected that the average size of the LCD TV display panel will reach 45.3 inches, an increase of 1.5 inches year-on-year, and will play an important role in the industrialization of the liquid crystal display panel industry in 2018.
Recalling that in the fourth quarter of last year, flat-panel LCD panels and IT liquid crystal display panels were affected by the weak demand, which showed a downward trend compared to the same period in 2016 and the previous quarter. Among them, flat panel LCD panels declined by 13.1% and 8.6%; IT LCD The display panel slumped 3.1% and 6.9%. IDC analyst Chen Jianzhong said that although shipments of flat-panel LCD panels and IT liquid crystal display panels decreased in the fourth quarter of 2017, the average panel size continued to grow, and the LCD panel industry went The production capacity has a certain contribution.
IDC further pointed out that shipments of LCD TV display panels were affected by the continuous climbing of two large-scale production capacities launched in 2017. Shipments in the fourth quarter of 2017 increased by 8.9% from the fourth quarter of 2016 and the previous quarter respectively. With 5.7%. However, in the first quarter of 2018, a 10.5 generation and two 8.6 generations of large-scale production line put into mass production, the application of liquid crystal display panels may still face downward pressure on prices.
In terms of shipments of large-size LCD panels in the fourth quarter of 2017, BOE continued to rank among the shipments, accounting for 24.2% of the industry's total shipments. Innolux ranks second with LGD. , 17.6%, AUO's total shipments in the industry remained stable at 13.6%. Samsung Display (SDC) focused on production monitor screen panels and LCD TV display panels, shipping ratio was reduced to 7.3%.
3. Guo Mingyao: Apple released the fourth generation Apple Watch screen this fall; 15%;
According to a report from technology blogger 9to5Mac Beijing on March 28th, KGI’s renowned analyst Guo Mingyi issued a report on Tuesday that Apple’s fourth-generation Apple Watch will be released this fall. The new watch’s screen size will increase by 15%. , New design using 'fashionable'.
Guo Minghao said that the new Apple Watch may also have longer battery life and equipped with new health monitoring sensors.
4. Samsung beat up, QLED TV prices cut nearly 40%;
In the high-end TV wars, the OLED camp flag opened and the international players moved closer to OLED. Samsung Electronics’ QD TVs belonged to another camp. They are now fighting alone and can only lower their prices.
Investor reported on January 26th (Wenyi, Wen 2) that Han Sang-beom, the CEO of LG Display (LGD), a Korean panel maker, indicated at the Consumer Electronics Show (CES) in Las Vegas in January that he had signed a new Supply agreement, OLED panel business customers increased from 13 to 15.
Han Xiangfan did not reveal the signing industry. Now there is news from the industry, one of which is Chinese television company Hisense. LGD will produce OLED TV panels for Hisense since the second quarter of this year. Hisense is the global TV fourth brother and originally focused on LCD. (LCD) TV, Samsung QLED TV is a LCD panel, Hisense had previously escorted QLED camp, now seeing OLED growing, decided to hold the OLED TV.
OLED continues to grow. Samsung’s high-end TV dominance for 12 consecutive years was forced to surrender last year. IHSMarkit data shows that in the fourth quarter of last year, high-end TVs with a price above US$2,500 were marketed first by Sony and second by LG Electronics. , Samsung fell to third.
Samsung’s share of the market declines, with total TV sales target from 50 million units last year, dropping to 44 million to 42 million units this year. However, the company intends to focus on high-end QLED TVs. Its sales target has grown from 1 million last year to 1.5 million this year. , To regain the name of high-end television faucet.
Samsung executives stated that QLEDs have lower prices, better image quality than OLEDs, and cost-effectiveness. Samsung cut prices for QLED TVs in the US market, killing up to 37%. Industry observers say that Samsung is pushing QLED TV prices to OLED TVs. Lower to drive buying gas.
5. Taiwan's four major panel makers earned NT$ 79.64 billion last year;
Last year, the panel industry was very good. Huaying (2475) ended losses for nine consecutive years, turning losses into profits, and profiting for the whole year was 3.567 billion yuan (NTD, the same afterwards). The profitability of the panel’s two tigers was a record high in nearly a decade. AUO's after-tax net profit last year was RMB 32.36 billion, net profit after taxation was RMB 37.029 billion, and Caijing's after-tax net profit was RMB 6.708 billion. The total of four panel makers totaled RMB 79.664 billion.
In the second half of last year, the number of mobile phone panels soared, and the benefit of Huaying Transformation emerged. The proportion of revenues from vehicle-mounted and industrial control panels rose to approximately 35% to 40%. Last year, Huaying's car panel shipments were approximately 12 million units, although the number of shipments Growth was limited, but the size was enlarged, and the unit price of shipments also increased. As a result, revenues grew and profitability improved.
Last year, Huaying’s revenue was approximately 34.74 billion yuan, with an annual growth of approximately 5%. The gross profit margin also increased by nearly 3% to 18.84%. The industry turned profitable this year, and its operating profit was approximately 2.411 billion yuan. Last year, there were stakes in the sale of Lingju’s equity, which resulted in a net profit before tax of RMB 3,936 million, a net profit after tax of RMB 3,567 million, and a surplus of RMB 0.46 per share, which ended the loss for nine consecutive years.
In the first half of last year, the Panel’s price hikes continued in the previous year. Panel makers made a profit. Although panel prices reversed downwards in the second half of the year, panel prices plunged and profitability also shrank in the second half of the year. However, from the perspective of the entire year, panel makers Profits are still paying the best performance in the past 10 years. Last year, the panel profit-making king was innocent, after-tax net profit was 37.029 billion yuan, which is also the best performance since innocent triad. AUO has talked about value enhancement in recent years. , The profit performance was steady. The net profit after tax was 32.36 billion yuan last year, which not only hit a 10-year high, but also maintained profit for five consecutive years.
In the past two years, the prices of large- and medium-sized panels have also risen dramatically, making the performances of Caijing and Huaying gross margins all very bright. Caijing's net profit after taxation was approximately RMB 6.708 billion last year, which is a high point since 2013. Taiwan's four panel makers Last year, profitability performances were all highs in recent years. They made a total profit of 79.664 billion yuan, and financial constitution has also improved significantly. This can withstand the next winter boom of the panel. Business Times