A loss of five CMO two magic universe twist

Investors want Taiwan panel industry healthy competition can only compete with each other, after all, to push Taiwan panel industry continue to progress, a dominant situation, not only non industrial blessing does not conform to the principle of risk sharing. Technology and talent Chi Mei, is the international first-class standard, especially in the LCD TV technology leading, is its advantage, at the same time, CMO is recognized as the "happiest" enterprise, also attract many people to quit to join. CMO second quarter net loss of 1 billion 683 million yuan, below all outside Taiwan legal glasses, in fact, CMO first quarter net loss of 1 billion 971 million yuan, from the second quarter to the first quarter, the loss rate is only reduced the CMO about NT $300 million yuan, indeed legal surprise. 's performance is better than the CMO see AUO, second quarter turnaround, after tax profit of NT $470 million, compared to the first quarter net loss of 2 billion 129 million yuan, the operating performance of AUO has really improved a lot, and Chi Mei first season after selling Japanese subsidiary IDT, profit of NT 1 billion 300 million. But there is still a loss of 1 billion 971 million yuan nt. Panel factory performance, not only for one season, the two consecutive quarter, the performance is better than that of AUO, CMO, AUO and CMO not only to catch up, but also face from CPT, Innolux and catch up, especially in the panel industry "L" type in the recovery period, want to rely on the past continuous faceplate price in order to maintain the profit, the era of the past, therefore, reduce the cost and operating capacity, the panel factory business, more and more important. According to the analysis of Chimei general manager He Zhaoyang, CMO loss in the second quarter, more than corporate earnings, the main reasons are as follows: one is the 5.5 generation of factory production behind schedule, mainly Canon exposure machine is a problem, the 5.5 generation factory went into operation, it takes a high cost, but also lead to the depreciation cost, CMO the 5.5 generation plants because of increased, not mass production, did not achieve economies of scale, to reduce the cost. Second is not established in the mainland after the CMO module factory (LCM), to rely on a large number of human LCM, which is more expensive than other high panel factory. The third is to reduce the cost of CMO speed is too slow, your old material has not been used up, unable to import new cheaper materials. The fourth is in Chi Mei LCD TV production is the highest proportion of Wuhu, but large size LCD TV can not make money, plus the second season of the TV panel prices continue to decline, the erosion of profit. Fifth is the industry exchange losses of up to 300 million yuan or more is the cause of the CMO loss in the second quarter fell below all legal glasses. He Zhaoyang said, there is nothing wrong, however, this is only part of the profits, CMO as expected, I was also involved in business strategy and corporate culture of it, Samsung and Canon have AUO exposure machine, the two companies of the seven and six generation factory production progress also lags behind, however, Samsung's second quarter LCD the Department is about profit and loss two, AUO is a small profit. A financing strategy of cultural in addition, LCM did not set up factories on the mainland, resulting in increased production costs, but the problem is, CPT, as early as 12 years ago, went to the mainland, but CPT second quarter deficit still NT $3 billion 360 million, the loss rate is much higher than that of Chi mei. From the corporate culture perspective, Chi Mei Industrial in the petrochemical industry success, let Chi Mei Group after entering the electronics industry is full of confidence, and believe that the successful experience of CMO real, can be copied to the electronics industry, which makes high-tech CMO, occasionally can see the figure of traditional industries. Believe is the absolute cost of traditional industries, is also the plant and equipment to get the lowest price, but the low price of things, often do not have the production experience, or is not consistent with the international standard, if the machine and factory bought not close together, there was a problem will be linked. Production lead time delays. To the high-tech industry, pay attention to the quality and delivery time, again is the price, which is relative to the cost, at the right time point (Timing), to invest in plant and machinery, while the international standard is more expensive, but these are proved feasible after a long machine, relatively no problem in production and once the demand comes, can smooth production, seize opportunities. Traditional industry, can say the absolute cost, because the volatility is not big, but the traditional industry, the volatility of high-tech industries, the concept of relative cost is more important, because the absolute cost to save a lot of money, but if not timely production, the loss is greater business opportunities. Timely production to make a profit especially similar commodities (Commodity) of the panel industry, the industry fluctuation has been very large, and often with DRAM industry par, so the operating panel industry, we must seize the opportunity, which is when the demand comes, the boom reversed upward, capacity must be large open supply, to catch this wave of the season, because this wave of the season is not caught, there is not enough money to cope with the downturn in the winter. Wave panel is 2003 boom peak in the first half of the first half to 2004, CPT 4.5 generation plant production was three months out of a lot, just to catch up with the wave of warm demand, on the other hand, the five generation of color crystal factory production process, the way was delayed, missed the boom peak demand period. Wait until the new production opened just after the boom reversed downward, massive demand atrophy, visible investment at the right time, how important it is for the panel factory