Quarter Panel
Lcd Tv Panel Prices To Increase Corporate Profits Do Not Increase
TCL Group has released the first half of 2009, filing shows the company in the first half total revenue 17.5 billion yuan, of which
LCD TV sales reached 2.93 million units, up 93% surge. Analysts believe that the current domestic
Flat Panel TV Rapid growth of market sales, showing an accelerated trend of replacing traditional CRT TVs, but this year the upstream
LCD panel Prices continued to rise and severely squeezed profit TV terminals, resulting in most domestic color TV enterprises into a "no increase in interest income," the plight of the 34 quarters as a further panel price rose slightly, TV companies will become even more prominent upward pressure.
LCD TV prices to increase business profits do not increase
In Bringing home appliances , Energy subsidies, trade-in under three policy to stimulate the domestic color TV enterprises in the first half of this year to achieve rapid growth in flat-panel TV sales. In addition to TCL Group's first half sales of LCD TVs rose 93%, the
Hisense Electrical appliances in the first half sales growth of flat-panel TV 141%, of which domestic flat TV sales increase of close to 200%.
China Electronic Video Industry Association has recently released statistics show that the first half of 2009, domestic color TV industry was 41.74 million units total, up 1.3% in the first quarter of flat-panel TV production accounting for 64.6% in the second quarter reached 72.2% (
LCD TV Accounting for 70.5%). The six largest enterprise output industry, domestic brands are backbone enterprises (TCL, Hisense, Skyworth, Changhong, Konka, Haier), in the first half output of 11 million LCD TV units, a growth rate of more than 100%.
It is noteworthy that substantial growth in LCD TV sales, while domestic color TV enterprises are faced with the upstream LCD panel prices have been rising a severe test. 32-inch panels, for example, its price from the beginning of the trough, of 165 U.S. dollars rose to 215 U.S. dollars now, or nearly 30%. As the LCD panel LCD TV costs account for 60% to 70%, panel prices that direct pressure on the color TV business profit margins, resulting in declining profits or even TV companies selling at a loss phenomenon.
Experts believe that the domestic color TV enterprises, due to the mainland does not have the production capacity of LCD TV panels and LCD TV panels to rely on imports, so the cost by the upper panel televisions contain relatively large, in this case , the panel prices can only rely on color TV enterprises to bear and digest.
34 quarter panel supply will remain tight
LCD TV market, as domestic demand is expected in the second half panel supply will remain in short supply situation. LCD TV 2009 market forecast domestic retail market size of nearly 21 million units, up to 24 million units shipped scale, single-season run in the second half of this year, demand for LCD TV panels up to 5 million over. The third and fourth quarter is usually an annual LCD TV sales in the season. However, the current tight global supplier of panels, panel enterprises have to increase the operating rate but still the supply gap, thus the domestic color TV enterprises brought negative impact.
At the same time, the industry chain out of the upper glass substrate also restricts the supply of LCD panels. The world's largest flat-panel TV glass manufacturer, Corning Display Technologies China president Li Fang said that to address the current status of glass out of stock, in the second quarter, Corning had a more significant reduction in inventory to meet growing customer demand, and From a strategic point of view, restart the furnace equipment. However, the current demand for higher capacity, is expected to become the third-quarter production is still tight, Corning will consider signing long-term supply agreement for the first delivery to customers.
Tight supply situation for the panel, the summer peak Hisense Electric Company Secretary, said in an interview this year, the entire TV industry is generally tight supply situation in the panel because of the financial crisis last year caused a lot of panel manufacturers prices below cost, so there is market demand, although at that time but the panel makers reluctant to increase production, contributing to the current gap of supply and demand.
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