Huaying's April tax loss of 2.06 billion Taiwan dollars

The panel factory Huaying's consolidated revenue in April this year reached about 4.527 billion yuan (NTD, the same below), an annual increase of about 19%, but the tax loss of 2.06 billion yuan, a monthly loss of 0.33 yuan per share, compared with earlier The loss situation in April did not improve. Accumulated revenues for the first four months of this year reached 17.12 billion yuan, an increase of 10.5%. The loss after the first four months reached 4.059 billion yuan, and the loss per share for the first 4 months exceeded 0.6 yuan.

At this rate of loss, Huaying's post-tax loss per share for the first half of 2013 may be close to 1 yuan, unless the profit and loss situation in May and June sharply improved. In the first half of 2012, Huaying’s loss per share after tax was approximately 0.64 yuan. This is in line with Taiwan's panel makers Chuangchuang Optoelectronics (3481) and Hanyu Caijing (6116), which have benefited from this year. The loss of AU Optronics (2409) has gradually narrowed, and the difference is quite large. It is speculated that the main cause may still be related to Huaying's internal cost control, product mix and other factors.

At present, Huaying has four generations of production lines, 4.5 generation lines, and 6th generation lines. Most of them have turned to small and medium-sized panel production. Last year, the total shipment of small and medium-sized panels was about 500 million pieces. It is estimated that this year will maintain the quantity. growing up. However, the application range of small and medium-sized panels is wide, and the product mix is ​​very good or bad for the operation of the manufacturers. The proportion of large-size panels shipped last year has dropped significantly.