According to the latest TV panel shipment survey report by Jibang Consulting Optoelectronics Research Center (WitsView), although affected by the new crown pneumonia epidemic in February, benefiting from rising panel prices and still having inventory at panel factories, TV panel shipments in February Only a small monthly decrease of 3.5%, reaching 20,073,300 pieces, compared with the original target set for recession a year ago, the decline rate has converged from 18% to 10.2%.
WitsView expects that although TV panel shipments in March are still 6.1% lower than the previously scheduled shipment target, but given the slowing impact of the epidemic on manpower, logistics, and materials, shipments are likely to grow 14% from February, reaching 22.9 million tablets.
The TV panel shipment list is "shuffled", and Huaxing tops the list.
Observing the performance of the top six panel manufacturers, China Star Optoelectronics (CSOT) has the earliest resumption time and sufficient materials, which is not only the least affected by this wave of epidemics, but also actively sprints shipments while prices and demand are rising. Volume increased 0.2% month-on-month to 3.726 million pieces, surpassing BOE for the first time and taking the first place.
Although BOE (BOE), which has multiple product lines, obtained a license after the outbreak, due to the different locations of the factories, the labor gap problem is more significant than other panel factories; in addition, it is also affected by insufficient supply of upstream components (POL & PCB). Multiple factors caused BOE's February shipments to decrease by 14.1% to 3.46 million units, retiring to second place, the lowest point since June 2017.
Despite the shortage of materials, HKC (HKC) was delayed by the Spring Festival to February due to the shipment in January, which not only significantly increased shipments by 64.7% per month to 2.605 million units, but also jumped to the third place in single-month shipments, becoming Big dark horse this month.
Innolux, in addition to the delay in the resumption of the back-end IC bonding factory, also faces the problem of lack of manpower and materials, which led to a significant monthly decline in February shipments of 15.2% to 2.511 million units, ranking fourth.
The impact of the Korean panel factory on the epidemic was relatively limited. Although Samsung Display (SDC) Suzhou factory faced a shortage of manpower at the IC bonding factory in February, the increase in panel prices at the beginning of the year prompted Samsung Display to raise the production rate of South Korean production lines. In February Shipment volume still increased slightly by 1.4% from January to 2.055 million, ranking fifth. LGD ’s material problems are not big, except for the small number of working days in February and the decision to converge the Korean LCD TV production line in the second half of last year to affect shipment performance. February shipments decreased by 4.4% to 1.983 million units, ranking sixth , But single-month shipments hit a record low.
Ranch
Supply plummets, pushing back Q1 TV panel prices to rise faster than expected
WitsView predicts that in the case of poor shipment completion rates in February and March, TV panel shipments will decrease to 63.778 million in the first quarter, with quarterly and annual performance declining by 12.7% and 8.9%, respectively, compared with the original plan Compared to this, it is also reduced by 5.6%. However, the sharp drop in supply has instead pushed up the price of TV panels in the first quarter, which rose faster than expected.
Looking forward to the second quarter, under the situation of deferred demand and panel sprint shipments in order to eliminate front-end Cell inventory, shipments may have a quarterly increase of 7.1%. The current spread of the new crown pneumonia epidemic to the world will severely impact the overall economic environment. Under the harsh situation of rising unemployment and falling global GDP, it will greatly weaken the disposable power of consumers, and as the upstream and downstream supply chains gradually return to normal At this time, supply and demand issues may emerge again.
