Reported 11 months ago
On June 8, 2024, Innolux's (2409) Chairman, Peng Youyou, announced plans to reduce the share of pure panel sales to less than 70% next year, transitioning from solely a panel company. Foreign and self-operated investors shifted from selling to buying on the 7th, with a net purchase of over 19,000 shares, driving Innolux's stock price up to NT$18.05 at closing. Innolux anticipates narrowing losses in Q1, operational improvement in Q2, and increasing revenue and profits throughout the year. The acquisition of German company BHTC in Q2, which is already profitable, is expected to enhance profitability with its strong foundation and customer structure. With the focus on car display products, a sector with long product life cycles, Innolux aims to increase car display revenue to reduce the impact of panel market fluctuations.
Source: YAHOO