For the global panel industry, the past few years have undoubtedly been difficult. Under the combined influence of multiple factors such as global economic downturn, geopolitical situation, and consumer electronics demand being overdrawn, various panel manufacturers are facing considerable pressure.

Entering 2023, although the global television terminal market demand remains weak, major panel manufacturers continue to break through through dynamic production control and management strategies, and panel demand and prices continue to rebound. According to TrendForce consulting research data, in early May 2023, the prices of various sizes of TV panels further increased.

Faced with the rise in panel prices, people inevitably start to expect that the downward cycle of the panel industry has come to an end? Does this mean that the turning point in the panel industry has really come? So what are the development prospects of panel enterprises in 2023?

Review panel cycle

Everything has a cycle, especially in the LCD panel industry. Recently, Donghai Securities selected six major AH listed LCD panel manufacturers in its research report and reviewed their average pre interest and tax profit margin (EBIT/total revenue) from 2007 to 2022.

Through a review, it was found that in the past 15 years, the LCD panel industry has shown significant cyclical characteristics, and macroeconomic, technological changes, and capacity changes have jointly shaped the formation of several LCD panel cycles. Since 2007, the global panel industry has roughly gone through four rounds of LCD cycles.