According to the Taiwan Media Economic Daily, the panel manufacturer INNOLUX's revenue in Q4 2022 and the whole year will rewrite the new three-in-one quarterly low in the first quarter of 2010, hitting a new low in nearly 13 years.

INNOLUX announced today (9) that, affected by the low overall demand in December last year, the monthly revenue in December reached NT $16.113 billion, down 0.4% month on month and 39.2% year on year. Last year's Q4 revenue reached NT $47.913 billion, a 0.2% month on month decrease and a 40% year-on-year decrease. Last year's annual revenue was NT $223.716 billion, a 36.1% year-on-year decrease.

Specifically, INNOLUX's combined large size annual shipment last year totaled 121.1 million pieces, a year-on-year decrease of 18.3%; The combined annual shipments of small and medium-sized products totaled 28043 million pieces, a year-on-year decrease of 15.4%.

On the other hand, in the traditional off-season of the panel industry, INNOLUX and other panel manufacturers have adopted strict control of capacity utilization to cope with the impact of market downturn. INNOLUX's combined large size shipments in the fourth quarter of 2022 totaled 27.7 million pieces, an increase of 6.0% compared with 26.13 million pieces shipped in the third quarter of 2022; The combined shipments of small and medium-sized products totaled 60.66 million pieces, a decrease of 11.6% compared with 68.66 million pieces shipped in the third quarter of 2022.