Taiwanese display maker Innolux reported a steep decline in third-quarter profit as television panel prices remained under pressure amid weakening consumer demand.
Net income dropped to NT$500 million (US$15.4 million) from NT$5.5 billion a year earlier, while revenue fell to NT$55.5 billion. The company posted an operating loss of NT$800 million for the quarter, highlighting challenges in its core business.
Panel shipments declined 9.3% quarter-on-quarter to 6.08 million square meters, with television displays accounting for 35% of sales. The average selling price stood at US$276 per square meter.
The Taiwanese manufacturer is accelerating its pivot toward automotive displays, which now represent 24% of revenue, as it seeks to reduce reliance on the volatile consumer electronics market. The non-display business contributed 24% of sales, marking progress in the company’s diversification strategy.
Looking ahead, Innolux expects China’s TV replacement subsidy program to provide some price support. However, the company warned of softening IT panel demand as the industry enters its seasonal slowdown. Management indicated they would maintain flexible production levels to match market conditions.
