Summary: group and said yesterday, management team pointed out that the panel through 2022 inventory adjustment, industrial order gradually established, the current industry supply and demand has reached a balance of TV and IT inventory level and grain rate are relatively low, 32 inches small size TV quotation has leading rebound, February 40~45 inches size TV rod, march size is expected to rebound, IT panel prices continued in convergence, will have the second quarter rebound, keep cautious optimistic outlook.
Group and held method said yesterday, the management team pointed out that the panel through 2022 inventory adjustment, industrial order gradually established, the current industry supply and demand has reached the balance of TV and IT inventory level and grain rate are at relatively low, 32 inches small size TV quotation has leading rebound, February 40~45 inches size TV, large size is expected to rebound after march, IT panel prices also continued in convergence, will usher in the second quarter rebound, keep prudent optimistic view on panel afternoon.
Hong Jinyang, chairman and CEO of Qunchuang, said that in the fourth quarter of 2022, although the company continued to reduce the growth rate, the gross profit rate and operating profit rate rose by 3.7 percentage points and 5.3 percentage points respectively through cost control. In the fourth quarter of 2022, the average capacity utilization rate is about 75%. In the near future, urgent orders in the first quarter will recover by single digit percentage points and continue to dynamically adjust capacity, which will help the gross margin and profit rate.
CarUX, a subsidiary of Qunchuang Automotive, has continued to grow in the high-order large vehicle panel market, with 58% annual revenue growth in 2022, accounting for 21.9% of Qunchuang’s revenue. General manager Yang Zhuxiang said that in the automotive business, Qunchuang is not only a simple panel supplier, but more closely together with customers to improve the technology and quality, to bring users a better immersive cabin experience.
Under the strategic operation of dual-track transformation, Qunchuang creates a new application field. In the future, it will assist strategic partners to establish the first A-Si front plant (G8 +) in India, and jointly expand the Indian market through its panel technology and supply chain introduction advantages. In addition, Ruisheng, a subsidiary of Qunchuang, has passed the listing review, and CarUX also plans to find strategic partners to strengthen its competitiveness and create a new bureau, and to reach the first stage of dual-track transformation on the 20th anniversary of its establishment in 2023. In the second phase, the company’s R & D and manufacturing talent and supply chain management experience in TFT-LCD will be used to optimize and upgrade the capacity and process through investment and strategic partners.
Post time: Mar-17-2023