AUO reports 15.7% y-o-y growth in Dec.

According to AUO's statistics, the fourth quarter of 2012 saw revenues of NT$99.405 billion, a 3.3-percent decline quarter-on-quarter but a 11.1-percent surge year-on-year. The company's 2012 revenues totaled at NT$378.475 billion, down 0.3 percent from 2011.

AUO stated that for December of last year, the total number of panels shipped for desktop displays, laptop computers and liquid crystal display (LCD) TVs were 10.38 million, representing a 3-percent decline from November. The company shipped 10.46 million small- and medium-sized panels last December, representing a 20.7-percent decline from November.

In the fourth quarter of 2012, AUO shipped 30.99 million large panels, representing a 6.7-percent decline from the third quarter, and 15.7-percent growth year-on-year. In the fourth quarter the company shipped 37.65 million small panels, down 10.8 percent from the third quarter, and a 19-percent decline year-on-year.

AUO concluded that a total of 123.2 million large panels were shipped in 2012, representing a growth of 7.6 percent from 2011. For small- and medium-sized panels, a total of 154.5 million panels were shipped for 2012, representing a 17.6-decline from the previous year.

Research institute DisplaySearch yesterday announced their findings, indicating that Chimei-Innolux (群創光電) and LG Display shared the lead in China's panel market share last November.

The institute stated that Chimei-Innolux had shipped over 1.8 million panels last November, unchanged from September and up 6 percent from October, while exceeding previous forecasts by 20 percent. LG Display also shipped about 1.8 million panels last November.

LG Display took the lead with the most panels shipped in China for December.

DisplaySearch indicated that according to their forecast, both companies will lower their panel shipping volume in January. Chimei-Innolux is predicted to implement a slight cut in production volume, and is anticipated to regain its leadership position in China's display panel market by the end of January.

Meanwhile, the research institute indicated that the 32-inch panel represents 95 percent of total production output of Shenzen-based manufacturer China Star Optoelectronic Technology (CSOT, 華星光電). DisplaySearch indicated that as inventory of 32-inch panels accumulates, demand will decline, and CSOT will need to either reduce its pace of output for 32-inch panels or move on to produce larger sized panels.

DisplaySearch concluded that for the months to come, CSOT will also need to reduce their target output volume, but to a lesser degree than other panel manufacturers.

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