Taiwan's panel makers generally suffer big losses, light guide plate, optical film, and backlight module manufacturers make slight profits
Nov 05, 2021
Affected by the effects of the new crown pneumonia epidemic, panel manufacturers AU Optronics, Innolux, HannStar, and touch panel duo GIS-KY and TPK-KY lost money in the first quarter of this year. However, there are still some component manufacturers, driven by the demand for notebook computers and desktop screen monitors, to make a profit due to the fast response to supply and the better product mix.
Among them, the light guide plate factory Maolin-KY American customer IT new product mass production benefits have shown. The gross profit rate in the first quarter has increased to more than 18%, an annual increase of 3 percentage points, an operating profit of 108 million yuan, and a net profit of 100 million yuan after tax. Earnings per share were 0.76 yuan, and profit hit a record high in the same period in the past four years.
In terms of optical film, benefiting from increased orders for IT products such as notebook computers and desktop computer screen monitors, Huahong’s consolidated revenue in the first quarter was 2.171 billion yuan, an annual increase of 3.98%, after-tax net profit increased 3.6 times annually, and earnings per share 0.35 yuan, an annual increase of 3.4 times, a record high in the same period in the past 6 years. In the first quarter of this year, Guangyao's revenue increased by 35% year-on-year, and the industry and after tax turned from loss to profit year-on-year, with a profit of 0.04 yuan per share.
Yuanzhan benefited from its main products, video conferencing system equipment, electronic whiteboards, educational tablets and other related application products due to the epidemic. The first quarter revenue increased by 2% annually, and the gross profit margin reached over 52%, an annual increase of 14%. , The industry and after tax turned from loss to profit year-on-year, with earnings per share of 0.09 yuan.
In the PMOLED part, WiseChip (5245) has its production capacity in Taiwan, and in recent years it has faded out of consumer products and turned to the medical industrial control niche market. Although the revenue in the first quarter of this year has decreased by 20% annually, its gross profit margin has increased by nearly 13%. , The industry and after-tax profitability year-on-year, earnings per share were 0.21 yuan. Rebao continued to lose money in its main business, but its non-industry earnings were filled. Its surplus per share was RMB 0.07, a year-on-year decrease of 84%. Compared with the previous quarter, it turned from a loss to a profit.
In terms of backlight modules, the major factories of Radiant, China Optoelectronics, and Daywin are all located in China. The first quarter of this year was affected by the delayed resumption of work and the supply chain was interrupted, and profits fell simultaneously. Among them, Ruiyi's first quarter earnings per share was 1.54 yuan, a record low in the past eight quarters. In the first quarter, China Optoelectronics had a profit of 0.01 yuan per share, which was the lowest in at least 10 years. In the first quarter, revenue declined, gross profit turned negative, and the industry suffered losses for three consecutive quarters. After-tax loss per share was 0.57 yuan, a record low for at least 9 years.
In the first quarter, Jiasda, a major system integration company, was also affected by the epidemic and its revenue declined slightly. Its operating profit was more than 1 billion yuan, the lowest point in the past 9 quarters, and its after-tax earnings per share was 0.12 yuan, a record low in the past 7 years.
In the first quarter of the touch panel manufacturer GIS-KY, due to the negative effects of low utilization rate and cost expenses caused by the shutdown of Chinese factories, the industry made a huge profit of 1.235 billion yuan from the previous quarter to a loss of 57 million yuan. , After-tax profit per share is still 0.31 yuan, a record low in the past 15 quarters. Although TPK-KY's revenue in the first quarter fell, it made a small profit of 40 million yuan after tax as expected, with a profit of 0.1 yuan per share.
