Peak season stocking comes to an end! Panel Shuanghu’s revenue fell simultaneously in October

[Reporter Chen Meiying/Reported from Taipei] Panel Shuanghu’s revenue fell simultaneously in October. The consolidated revenue of AUO (2409) in October was 20.779 billion yuan, and that of Innolux (3481) was 18.465 billion yuan, down 11.2% and 7.65% respectively from September. This reflects that panel stocking for the peak season has come to an end. In addition, the shortage of key components such as memory and price increases have also affected brand procurement. Legal persons expect Shuanghu's revenue in the fourth quarter to be lower than that in the third quarter.

AUO's consolidated revenue in October was 20.779 billion yuan, a monthly decrease of 11.2% and an annual decrease of 0.65%. The cumulative consolidated revenue for the first ten months was 227.577 billion yuan, an annual decrease of 1.97%. Innolux's consolidated revenue in October was 18.5 billion yuan, a monthly decrease of 7.7% and an annual increase of 1.4%. The cumulative revenue for the first ten months was 206.387 billion yuan, an annual increase of 9.67%.

AUO has already predicted in its previous corporate briefing that with the end of peak TV season stocking and demand for information products still weak, the revenue of the display business in the fourth quarter will decline compared with the third quarter, while the revenue of the automotive business will be approximately the same.

TrendForce, a market research agency, also previously estimated that the procurement or shipment momentum of the three major applications will weaken in the fourth quarter. Among them, panel demand for major notebook brands fell by more than 20% quarter-on-quarter, the largest drop. Purchases for TV brands fell by about 5% quarter-on-quarter, and monitors fell by 9% quarter-on-quarter.

Although panel manufacturers intend to reflect costs and increase panel quotations, due to weakening brand demand and limited production cuts, prices lack upward momentum, and panel quotations are expected to remain flat in November.