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Wednesday, 20 Sep 2017

RiTdisplay to further expand PMOLED capacity

RiTdisplay will not extend development and production to AMOLED units because AMOLED entails large investment and there are many new competitors for AMOLED panels

14 Apr 2017 | Editor

According to Digitimes website PMOLED panel maker RiTdisplay has expanded monthly production capacity from 15,000 glass substrates to 18,000 units, and will further expand monthly capacity by 40% to 25,200 glass substrates by the end of 2017, the company president and CEO DC Wang is reported to have said at an investors conference.

In terms of technology, RiTdisplay has no substantial competitors in the below 2-inch PMOLED panel segment and aims to keep benefiting from the niche market, Wang said.

RiTdisplay will not extend development and production to AMOLED units because AMOLED entails large investment and there are many new competitors for AMOLED panels, especially Chinese based ones, Wang explained.

For 2016, RiTdisplay posted:

  • consolidated revenues of NT$2.139 billion (US$67.4 million) - growing 29.64% on year
  • gross margin of 24.38% - up 16.02pp
  • net operating profit of NT$248.3 million - up 86.89%
  • net profit of NT$330.8 million - up 174.37%
  • net EPS of NT$11.82
  • a dividend of NT$5.00, NT$0.50 in cash and NT$4.50 in stock will be distributed

www.ritdisplay.com   

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