Panel Shipments：
The MNT panel shipment in Mar’22 was about 16.4Mpcs, increasing 7.6% MoM. Affected by the base, the year-on-year growth was more positive. Overall, the MNT market continues to be depressed, but the shipment performance in March is still solid. Analysis of the reasons mainly include:
1. Affected by the epidemic, the overall market consumption desire is relatively low, and panel prices continue to decline;
2. In order to achieve BP rate in the first quarter, each panel factory focused on price war to seek positive shipment. However, the trend of downward continued from March to April from the main customers’ demands. Therefore, the panel shipments should be greater than the actual terminal demand in this period. At the same time, panel manufacturers have not made capacity adjustment, and the risk of panel inventory continued to go higher, which also aggravate the panel market price war. Therefore, the pressure of MNT panel shipment is expected to increase further in April, and the shipment is expected to be 14.4Mpcs, with a drop of 12.4% MoM.
Brand performance：
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Outlook：
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洞察
