Innolux announced its 2021 operating results on the 11th, with a net profit after tax of 57.5 billion yuan (NT$, the same below), an annual increase of 35 times, a record high. Innolux looks forward to the off-season effect of this quarter, large-size panel shipments were the same as the previous quarter, with average sales unit prices decreasing by 1-3% quarterly and small and medium-sized panel shipments decreasing by 7-9% in the quarter.
Innolux's net profit after tax was $6 billion in the fourth quarter of last year, and its overall shipping area in the fourth quarter of last year was 7.59 million square meters, an increase of 3.7% quarter-on-quarter, and the panel price was $372 per square meter. Revenue from small and medium-sized panels was RMB15.7 billion, down 11.3% quarter-on-quarter, and consolidated shipments of small and medium-sized panels were 879,000 square meters, a quarter-on-quarter decrease of 3.5%.
Innolux's overall panel shipping area last year was 29.09 million square meters, an increase of 1.82% year-on-year, of which small and medium-sized shipments totaled 331 million units last year, an increase of 13.4% compared with 2020 shipments of 292 million units.
Revenue in the fourth quarter of last year was 35% by product application, 26% for mobile phones and commercial products, 13% for desktop screens, and 26% for TVs; 19% for product sizes, 38% for 10 to 20 inches, 15% for 20 to 30 inches, 4% for 30 to 40 inches, and 23% for more than 40 inches.
Innolux said that the fourth quarter of 2021 is a traditional off-season, coupled with the shortage of materials, the length of components and components, and the uncertainty of global freight ports, resulting in a slowdown in the momentum of pulling goods, but benefiting from the strong demand for commercial products, Innolux continued to dynamically adjust the product portfolio, enhance the added value of products to optimize profits, and reduce the impact of economic fluctuations.
Looking forward to the first quarter of 2022, as the launch of new TV products will drive terminal demand, the decline in TV panels is expected to gradually converge, and the demand for IT products such as monitors and laptops remains stable. Industrial, commercial, automotive and other demand is still relatively stable.
Source: Taiwan Economic Daily
Cover image source: Paixin.com
![Samsung actively lays out MiniLED, and Taiwan factories such as Fucai, Innolux, and AUO will benefit[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)