According to Jane's analysis, last year, due to the reversal of the TV industry, customers' LG panel shipments were not as good as expected, and the financial report suffered a large loss. The demand for LED TV backlights was affected at the same time, which also caused the company's shipments to decrease.
LG's Q1 financial report released this year showed that LG's single-quarter net loss reached 115.4 billion won, or about $106 million, and suffered losses for two consecutive quarters.
However, Jane Fengren stressed that the current full-capacity production, lighting and tablet computer backlight application orders are quite strong, including the lighting part, in addition to the main customer Dongbei (2499) received the European manufacturers LED lighting orders, the mainland ç’¨The Yang plant began to operate and it is expected that Q2 will contribute significant revenue.
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