China's LCD Panel Makers See Impressive Growth Over First Nine Months, Expect to Slow in Fourth Quarter
Wang Zhen
DATE:  Nov 02 2017
/ SOURCE:  Yicai
China's LCD Panel Makers See Impressive Growth Over First Nine Months, Expect to Slow in Fourth Quarter China's LCD Panel Makers See Impressive Growth Over First Nine Months, Expect to Slow in Fourth Quarter

(Yicai Global) Nov. 2 -- China's three biggest liquid-crystal display panel makers all recorded a substantial rise in net profits over the first three quarters of this year, thanks mostly to rising prices, though the rapid growth may hit a speed bump in the fourth quarter.

BOE Technology Group Co. [SHE:000725] brought in revenue of CNY69.4 billion (USD10.54 billion), up 51.41 percent on the year, to profit CNY6.48 billion, soaring 45 percent. The sharp incline was mainly down to an industry boom this year, said Zhang Yu, vice president, adding that the firm also rolled out new products and improved its production lines.

The firm shipped a massive amount of large-size panels in the third quarter, industry analysts said. It ranked second among global panel makers by television panel shipments and by display panel shipments, was number one in laptop screen sales and shipped 20 million panels for tablets in the quarter.

Two other panel makers, Tianma Microelectronics Co. [SHE:000050] and Shenzhen China Star Optoelectronics Technology Co., also saw a healthy rise in profit for the first nine months. Profits grew 99.48 percent at Tianm and 154.1 percent at China Star.

However, analysts project the price of larger panels will decline in the fourth quarter and stump the impressive growth seen over the first three quarters.

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Keywords:   MSCI,Tianma Microelectronics,Shenzhen China Star,LCD Panels,PROFIT AND LOSS