According to the monthly production survey data of cinno research, in May 2022, the average turnover rate of domestic LCD panel factories was 84.9%, down 3.5 percentage points compared with April. Among them, the average crop movement rate of the low generation line (g4.5~g6) was 76.4%, 2.5 percentage points lower than that in April; The average grain production rate of the high generation line (g8~g11) was 85.9%, down 3.5 percentage points compared with April, of which the average grain production rate of the g10.5/11 high generation line was still close to 90%.

Due to the weak demand in the terminal market, the supply of display panels exceeds the demand, and the panel prices of various applications continue to fall. Panel manufacturers need to adjust the production line production rate to cope with market changes under the pressure of price decline and inventory. In May, the production rate of domestic TFT-LCD panel production line fell to less than 85%, but from the perspective of production area, it fell by only 1% in May compared with April.

According to the survey data, cinno research estimates that the production rate of domestic TFT-LCD panel production line in June will further decline by about 8% month on month, that is, the average production rate is about 76%, which will be the lowest since the epidemic in 2020, and the production area will decline by more than 10% compared with May.

In May, the average turnover rate of domestic AMOLED panel factories was 41.4%, up 3.4 percentage points compared with April, of which the average turnover rate of G6 AMOLED production line was 38.9%. In May, the AMOLED production area of vicino visionox exceeded BOE BOE, and the production rate increased by 10 percentage points to 75% compared with April.

Cinno research review

BOE BOE: in May, the average turnover rate of TFT-LCD production line dropped to about 84%, 6% lower than that in April; In terms of the production area, it decreased by 3% compared with April. Hefei B9 g10.5 and Chengdu B19 g8.6 production lines have the largest number of large plate production reduction. The production rate of BOE AMOLED production line was still at a low level in May, and there had been no starting volume for four consecutive months.

TCL Huaxing: in May, the overall turnover rate of TFT-LCD production line was about 93%, an increase of 3% compared with April. The turnover rate of all production lines was high. Some TFT-LCD production lines began to significantly reduce the number of production in June. The production rate of Huaxing AMOLED T4 production line fell again in May, and the order status was poor.

Huike HKC: the average turnover rate of Huike TFT-LCD production line in May was 83%, which was 6% lower than that in April. The main reason is that the production quantity of Huike Changsha plant has been adjusted. In June, the production quantity of each production line of Huike will be adjusted to increase the scope of lower repair.

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