Against the backdrop of the ever-changing global technology industry, the panel industry, as the core area of display technology, has attracted much attention in every move. Recently, two industry giants, LG Display and AUO, have disclosed their performance in the first half of 2025, presenting an answer full of challenges and opportunities for the market.

LG Display: Revenue dropped slightly, and oled business potential has begun to show.

LG Display recently officially announced cumulative financial data for the second quarter and the first half of 2025. Amid fierce competition in the global panel market, its revenue in the first half of the year was 11.652 trillion won (approximately 60.59 billion yuan), showing a slight decline of 3% compared with the same period last year. In terms of net profit, it recorded-82.6 billion won (about-430 million yuan), but it is gratifying to note that the loss narrowed by 85% year-on-year, showing a certain positive trend.

An in-depth analysis of its performance in the second quarter shows that operating income was 5.587 trillion won (approximately 29.052 billion yuan), a year-on-year decrease of about one-sixth. This change is closely related to LG Display's strategic adjustment. The company has completely withdrawn from the LCD TV panel manufacturing field, and the pain of industry transformation is intuitively reflected in revenue data. It is worth mentioning that LG Display once again fell into operating loss in the second quarter, with a loss of 116 billion won. However, due to the successful sale of the Guangzhou LCD factory, a positive net profit of 890.8 billion won was obtained, greatly improving quarterly earnings.
Judging from the contribution structure of panel types to revenue, IT panels became the largest source of LG Display's revenue with a proportion of 42% in the second quarter, highlighting the important supporting role of this field in the company's performance. This was followed by mobile and other device panels (28%), TV panels (20%) and automotive panels (10%). In terms of technology routes, the contribution rate of OLED technology in revenue in the second quarter climbed to 56%, an increase of 4 percentage points over the same period last year. It has become the core growth point and key technology cornerstone of LG Display's future business layout.
Looking forward to the second half of the year, LG Display Chief Financial Officer Kim Sung-Hyun said with confidence: As the OLED business continues to expand, the company's profits are expected to rebound significantly. The company will unswervingly promote cost innovation measures, continuously improve operational efficiency, and make every effort to consolidate a stable profit structure. At the same time, remarkable results have been achieved in optimizing the financial structure. Work such as early repayment of loans and reduction of loans has been advanced far beyond the original plan, laying a solid foundation for the company to achieve substantial breakthroughs in both profitability and financial health.

AUO: Revenue is stable and rising. Micro LED applications are blooming at multiple points.

AUO Optoelectronics previously issued an announcement, disclosing in detail the consolidated revenue data for June, the second quarter and the first half of this year. In June this year, AUO's consolidated revenue was 21.922 billion yuan (approximately RMB 5.33581 billion), a month-on-month decline of 9.3% and a year-on-year decline of 13.1%. Consolidated revenue in the second quarter was 69.237 billion yuan, a month-on-month decrease of 4% and a year-on-year decrease of 6.8%. However, looking at the first half of the year, AUO's cumulative consolidated revenue reached 141.339 billion yuan (approximately RMB 34.402 billion), achieving a year-on-year growth of 5.6%, and the overall development trend showed a steady and rising development trend.

In terms of technology application expansion, AUO has continued to make efforts in the Micro LED field this year and actively integrated with AI technology to accurately target multiple potential tracks such as TVs, information technology (IT), and automobiles. The market development results have been remarkable and it has successfully won orders from major companies in Samsung, Sony Honda Mobility and other industries. AUO emphasized that the current display technology competition is no longer solely focused on production, and deep integration with AI has become the key to success. Looking back at 2024, it is a key turning point for AUO in Micro LED technology from research and development to marketization and mass production. It has not only completed the comprehensive layout from the R & D line to the 4.5-generation mass production line of the Longtan factory, but also cooperated with customers in various fields. In-depth negotiation of order cooperation. Among them, the order from Japanese company Sony Honda Mobility is of great significance and will become the core product of AUO's 4.5 generation line. According to the plan, new cars equipped with AUO Micro LED products will be launched in the United States in the second half of 2026.
In addition, AUO's 114-inch spliced Micro LED TV has been successfully delivered to Samsung, further demonstrating its manufacturing strength in high-end display products. In AUO's view, transparent display, as an emerging application direction of Micro LEDs, has great market potential. Micro LEDs are not intended to replace existing mainstream products, but rely on their unique advantages to open up new application markets, help customers increase the added value of products, and thereby increase their future profit share. This proportion is expected to exceed revenue growth, providing the company Open up new profit space.
The performance of LG Display and AUO in the first half of 2025 is not only the result of the game between their own strategic layout and market competition, but also reflects the profound changes in the global panel industry due to technological upgrades and changes in market demand structure. With the dynamic evolution of the market environment in the second half of the year, the two companies 'continuous exploration and commercial implementation in cutting-edge technology fields such as OLED and Micro LED will inject more variables and vitality into the development of the industry, which deserves continuous market attention.