Shulou(Shulou.com)11/24 Report--

Today (9), Qunchuang and Youda, a large panel manufacturer in Taiwan, respectively announced their financial results, which showed that the income of the two companies' July operations decreased by nearly 50%.

According to the Taiwan media Central News Agency, Qunchuang's July camp received NT $15.8 billion, a monthly decrease of 18.3% and an annual decrease of 51.1%. A total of 8.25 million large-size panels were shipped in July, with a monthly decrease of 26.2%. The monthly decrease of small and medium-sized panel shipments totaled 2297 million, or 24.4% per month.

The revenue of Youda's July camp was NT $17.43 billion, a monthly decrease of 15.8% and an annual decrease of 47.7%. The total shipping area of panels in July reached 1.301 million square meters, a decrease of 17.9% compared with June.

It is reported that in response to the decline in orders for TV brands, many panel manufacturers began to cut production in June. Earlier, there was news that Qunchuang and Youda were continuing to carry out capacity control, and it was reported that employees could take more holidays when they were encouraged to adjust their production capacity. Other sources said that although LCD panel manufacturers have been reducing production, their output still exceeds the demand of TV brand suppliers.

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