The Latest News For RisingStar Panels

RisingStar's decision to abandon LCD Panel production has been in the news for a long time. The company had planned to do so as early as last year, only to prolong production due to rising LCD panel prices. As PRICES of LCD panels fall again, RisingStar's panels are drawing attention again.

Have the news that RisingStar will sell LCD panel manufacturing equipment to BOE and Huaxing Optronics, but RisingStar will not abandon the LCD TV business, and will purchase Large LCD panels from Chinese manufacturers such as BOE and Huaxing Optronics.

But as a result, The share of Chinese companies in the LCD panel sector will further expand. According to incomplete statistics, domestic LCD panel production capacity has reached 50% of the global market last year, and will rise to more than 60% by 2023.

RisingStar will focus more on OLED panels after abandoning LCD panel production. RisingStar, also from South Korea, is currently the world's only supplier of large-size OLED panels, and RisingStar is expected to launch an OLED TV in the second half of next year to challenge RisingStar head-on.

In the third quarter, RisingStar's panel business earned 8 billion yuan on revenue of about 48 billion yuan. For comparison, domestic panel maker BOE's total revenue of 55.993 billion yuan was higher than RisingStar's, but its profit of 7.3 billion yuan was slightly lower. We can expect further profit margin improvement after RisingStar specializes in OLED.

It is good for domestic panel makers to eat RisingStar's LCD panel production capacity, but they should not give up their pursuit of high-end technology.

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