Innolux expects its fourth-quarter 2013 shipments of large-size TFT-LCD panels to decrease on quarter by 6-9% and shipments of small- to medium-size panels by 3-5%, the company said at an October 31 investors conference.

　　Fourth-quarter shipments of TV and tablet panels are expected to grow sequentially, monitor panels will remain unchanged and notebook panels will drop, Innolux indicated. However, fourth-quarter ASP based on panel area will rise 3-5% on quarter.

　　Innolux saw inventory levels rise to 50 days during the third quarter, the highest level in recent years, due to much lower than originally expected sales of TV panels in the China market. In order to decrease inventory, Innolux has downward adjusted utilization rates to about 90% currently.

　　Innolux shipped 34.3 million large-size panels and 99.5 million small- to medium-size panels with a total panel area of 6.363 million square meters at ASP of US$511 per square meter in the third quarter.

　　Small- to medium-size panels accounted for 20% of Innolux's third-quarter consolidated revenues, mobile PC panels 15%, monitor panels 19% and TV panels 45%. In terms of panel size, below 10-inch panels took up 22% of the consolidated revenues, 10- to 20-inch panels 21%, 20- to 30-inch panels 21%, 30- to 40-inch panels 14% and above 40-inch panels 22%.

　　Innolux shipped more than one million Ultra HD TV panels in January-September, accounting for 10% of total TV panel shipments. The company aims to increase the proportion to 20% in 2014.