According to CINNO Research’s monthly panel factory production research data, in October 2022, the average crop rate of domestic LCD panel factories was 70.6%, up 2.2 percentage points from September. Among them, the average crop rate of low-generation line (G4.5~G6) is 68.1%, a slight increase of 0.3 percentage points; the average crop rate of high-generation line (G8~G11) is 70.9%, also an increase of 2.4 percentage points, of which the average crop rate of G10.5/11 high-generation line rebounded to 72.7%, an increase of 6.9 percentage points.
To global panel factory production data, October overall crop rate rebounded to about 65 %, November is expected to have another 5 percentage points or so of improvement, but in December will have a certain degree of decline. It is expected that the fourth quarter of the global TFT-LCD panel production line crop rate control in 70% or less.
According to CINNO Research monthly panel factory production research data show that the average crop rate of domestic AMOLED panel factory in October was 61.8%, an increase of 2.7 percentage points compared to September, of which the average crop rate of G6 AMOLED production line grew to 60.4%, an increase of 3.3 percentage points. The average crop rate of domestic AMOLED panel factories reached above 60% for the first time this year.
CINNO Research Brief Commentary
BOE: The average crop rate of TFT-LCD production lines rebounded to 64% in October, up 6 percentage points from September, and the increase in crop rate in October mainly came from the G10.5 production line, with the average crop rate of BOE’s two G10.5 production lines increasing by about 10 percentage points. The production line crop rate reached 75%.
TCL Huaxing: The overall crop rate of TFT-LCD production lines in October was about 73%, down 5 percentage points from September. Among them, G8.5 production line crop rate fell by more than 10 percentage points, G10.5 production line crop increased by 4 percentage points, t9 G8.6 production line in trial production. Huaxing AMOLED t4 production line production crop rate in October hit a new high in 2022.
Huike HKC: The average crop rate of Huike TFT-LCD production lines in October was about 79%, up 3 percentage points from September, and the number of production lines of HKC in October was higher than that in September.
