Innolux’s revenue in 2022 will be approximately 49.7 billion yuan, a year-on-year decrease of 36.1%

Innolux announced that its consolidated revenue in December 2022 was 16.1 billion yuan (NT$, the same below), a decrease of 0.4% from the previous month and a decrease of 39.2% from the same period last year. The cumulative annual consolidated revenue was approximately 223.7 billion yuan, or approximately 49.7 billion yuan, a decrease of 36.1% compared to the previous year, which was the lowest point since the merger.

Innolux’s self-consolidated revenue in December was 16.1 billion yuan, a decrease of 0.4% from the previous month and a decrease of 39.2% from the same period last year. The combined shipments of large-size products totaled 9.75 million pieces, an increase of 6.3% from the previous month. The combined shipments of small and medium-sized products totaled 19 million pieces, a decrease of 3.8% compared with the previous month.

Innolux’s self-consolidated revenue in the fourth quarter was 47.9 billion yuan, a decrease of 40.0% compared with the same period last year and a decrease of 0.2% compared with the previous quarter. Large-size combined shipments totaled 27.7 million pieces, a quarterly increase of 6.0%, and small and medium-size combined shipments totaled 60.66 million pieces, a quarterly decrease of 11.6%.

Innolux’s full-year consolidated revenue in 2022 will be 223.7 billion yuan, a decrease of 36.1% compared with the previous year. Large-size consolidated annual shipments totaled 121 million pieces, a decrease of 18.3% compared with full-year shipments in 2021. For small and medium sizes, full-year consolidated shipments totaled 280 million pieces, a decrease of 15.4% compared with full-year 2021. (Source: Industrial and Commercial Times)