Backlight module shipments are poor, China Optoelectronics' September revenue fell 18% year-on-year

Zhongqiang Optoelectronics self-denated consolidated revenues in September reached 5.523 billion yuan (NTD, the same below), a slight decrease from last month (5.559 billion yuan), a decrease of 18% over the same period last year. In the third quarter of this year, the combined revenue and revenue was 16.598 billion yuan, down 8% in the quarter, mainly because the backlight module shipments increased by 1% quarterly but the revenue decreased by 10%, projector shipments and shipments. The amount was lower than the previous quarter. In the first three quarters, the combined revenues amounted to approximately 51.054 billion yuan, a decrease of 13% over the same period last year.

China Optoelectronics said that the combined shipments of backlight module products in September remained unchanged at 5.76 million units in August. The combined revenue was affected by the decline in shipments of TV and monitor products, which was reduced to 3.059 billion yuan, down 6% per month. Among them, the shipment of backlight modules for TV panels in September this year was about 450,000, down 2% per month, and the penetration rate of LED backlights was 93%; the shipment of monitor backlight modules was about 1.55 million, down 3% per month. The penetration rate of LED models is about 91%; the shipment of Tablet and backlights for notebook computers and tablet PCs is about 3.41 million, an increase of 8% per month.

For the third quarter, China Optoelectronics said that despite the growth in shipments of NB and Tablet products, shipments of backlight module products reached 17.37 million units in the third quarter, up 1% in the quarter, but the demand for monitor products continued to be sluggish. Seasonal backlight module shipments revenue was only about 9.732 billion yuan, down 10% from the previous quarter. In the first three quarters, the shipment of backlight module products reached 50.03 million pieces, and the revenue was about 30.107 billion yuan, which was 2% higher than the same period of last year and 17% decline.

Looking forward to October, China Optoelectronics expects projector product shipments to grow slightly from last month, while backlight module products are expected to grow by about 10%, driven by Tablet models (including iPad Mini, etc.).

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