Innolux and AUO are entering the earnings week this week. Innolux will be the first to appear on October 29, and AUO will take over on Thursday (31st). In the third quarter, thanks to the profit from the sale of factories, Innolux and AUO are expected to drive profits in the third quarter.

Innolux successfully ended eight consecutive quarters of losses in the second quarter of this year. In August, it announced the sale of the ground buildings of Tainan Plant 4 (5.5-generation plant) to TSMC. The disposal profit was approximately NT$14.7 billion (approximately RMB 3.266 billion), which was recognized in the third quarter. Therefore, although panel prices fell in the third quarter and production capacity utilization also declined, it was able to maintain a profitable trend in the third quarter thanks to the profit from the sale of factories, which also had a positive impact on the full-year profit.

AUO's main business turned positive in the second quarter of this year, but due to the cost loss caused by the earthquake in April, it is still in a small loss overall. Although the momentum of pulling goods in the third quarter is weak and the peak season is not prosperous, the company also sold the factory to the memory giant Micron in August. The disposal profit of NT$4.174 billion (approximately RMB 927 million) has been recognized in the third quarter, which is expected to drive a single quarter to profit and end the nine consecutive quarters of losses.

According to the financial report released by Innolux and AUO on October 9, Innolux's consolidated revenue in the third quarter of 2024 was NT$55.3 billion (approximately RMB 12.287 billion), a decrease of 4.2% from the same period last year and a decrease of 2.8% from the previous quarter. AUO's cumulative consolidated turnover in the third quarter of 2024 was NT$77.75 billion (approximately RMB 17.058 billion), an increase of 4.6% from the second quarter and an increase of 10.9% compared with the same period last year.