The prosperity of TV panel industry has been reversed: the panel price has risen, and the panel factory is full of production and sales. Many institutions are optimistic
February 27, 2023
Core tips: Some production lines of TCL Huaxing, Caihong (600707-CN) and other indicator panel factories have been fully produced and sold. The data of DSCC also shows that the price of TV LCD panel will gradually rise slightly, becoming the latest sign of the reversal of the panel industry.
Some production lines of TCL Huaxing, Caihong (600707-CN) and other indicator panel factories have been fully produced and sold. Data from DSCC also show that the price of TV LCD panel will gradually rise slightly, becoming the latest sign of the reversal of the panel industry.
According to the Cailian News Agency, a person close to TCL China Star revealed that the crop yield of China Star has increased significantly at present, and some of its production lines have been fully produced and sold. A person from the securities department of Rainbow also said that its TV panel production line is now full of production and sales.
The data from DSCC, the market research organization of the monitor supply chain, also shows that the price of TV LCD panel will gradually rise slightly from March to June this year.
The Barron Weekly reported that from the end of last year to the present, TCL's share price has gradually climbed from 3.59 yuan (the same below) to 4.46 yuan at the close of February 20, and the share price has pulled out a big increase of 6.67% on February 15. TCL's decline, which lasted more than a year, seems to have come to an end. Its share price has risen by 19.89% this year.
The share price of BOE, another giant in the panel industry, also rose from the lowest of 3.22 yuan at the end of last year to 4.19 yuan at the end of February 20, and rose by 4.39% in a single day on February 15, with a total increase of 23.96% this year.
Behind the positive response of the market is the signal of the bottom of this round of panel cycle. The demand of the COVID-19 to overdraw the panel industry in advance led TCL and BOE to fall into the dilemma of increasing income without increasing profits last year.
According to CINNO data, the global panel plant turnover rate fell to below 60% in September last year. As manufacturers control production and inventory is gradually digested, some brands have started inventory replenishment, driving the global panel plant turnover rate to rise in October and November, reaching 70% in November.
After the panel factory controlled the production capacity for three consecutive quarters, the panel price rebounded slightly in October and November last year. According to data from Witsview, the price of 32/43/55/65 inch LCD panel in November was 2/2/2/3 dollars higher than that of the same period last year, and the price was flat in December.
Large size is still the main trend of panel demand. Qunzi Consulting predicts that the average size of TV panel will increase by 1.6 inches to 49 inches this year. On the whole, the trend of larger panels becoming more popular has not changed. TCL's market share advantage in large size and high-order panels can enable it to hand in a brighter transcript after demand picks up.
According to Qunzi Consulting, the average size of TV panel will increase from 1.4 inches to 48.5 inches in 2021, and consumers still prefer large screens. In 2022, the average size of the global market will decrease from 1.1 inches to 47.4 inches, which is the first decline in nearly 10 years. The main reason is that the global consumption will be degraded and the price of small screen will be lower, so it is more popular.