2023-08-05 15:20:41
2023-08-05 23:20 Cai Jingwen, Economic Daily
Innolux Yongfeng 31 Purchase 02 (053253)
Link subject: Innolux (3481)
8/4 closing price 16.80/+0.30 yuan
Although Innolux was affected by weaker demand in the short term, panel shipments were flat, but quotations continued to rise, and benefited from TV and Chromebook replacement trends and the trend of large sizes, it helped the recovery of panel demand; in addition, CarUX benefited from automotive use The trend of smart cockpit, long-term revenue growth can be expected, and reduce the cyclical impact of the panel industry, attracting the three major legal persons to simultaneously overbuy last Friday, pushing up the stock price against the trend and closing in red.
Innolux Yongfeng 31 Purchase 02 (053253)
Innolux’s revenue in the second quarter was 55.09 billion yuan, a quarterly increase of 20.8% and an annual decrease of 4.9%, which was better than market expectations, mainly benefiting from the urgent order injection of TV panels and the significant increase in TV panel quotations, with a quarterly increase of 12.8% and an annual growth rate of 12.8%. 6.3%, and the utilization rate increased from 60% to 65% in the first quarter to 80%. Among them, according to Omdia’s panel quotation statistics, the quotations of TV panels of various sizes increased by about 13% to 28% in the second quarter, of which the large-size 55/65-inch price increases were 28% and 21%, respectively, and the small-size increases were 28%. The larger size is lower, and the 32/43 inches have increased by 16% and 13% respectively, which is the main key factor for the increase in the average selling price of Innolux products. Gross profit margin was 0.6%. The rebound in gross profit margin was mainly due to the increase in utilization rate and selling price. The after-tax loss attributable to the parent company was 5.74 billion yuan, and the after-tax loss per share was 0.60 yuan.
Looking forward to the third quarter, Innolux expects that the shipment area in the third quarter will be the same as that in the second quarter, and the selling price will increase by a single digit. Therefore, the profitability of the third quarter can be expected to improve.
Warrant issuers said that they are optimistic about Innolux’s outlook and the operation of related warrants that can be priced for a long period of time, such as Innolux Yongfeng 31 Purchase 02 (053253). (Warrant investment must be risky. This column does not have the intention of solicitation, or any other promotion. Investors should be cautious when referring to it.)
Innolux Revenue Investment
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