Coretronic released its third quarter financial report, predicting that shipments of OLED-NB models and ODM automotive models will increase

On October 28, the board of directors of Core Optoelectronics released its third-quarter financial report for this year. The report showed that the company's cumulative consolidated revenue in the first three quarters reached NT$29.782 billion, a year-on-year increase of 0.6%. Although the gross profit margin was 17.36%, it fell by 2.48 percentage points year-on-year. Net profit after tax was NT$628 million, a year-on-year decrease of 44.6%, and net profit per share after tax was NT$1.61. Lin Huizi, general manager of Core Optoelectronics, said that with the growth trend of the market, the shipments of OLED-NB models and ODM car models will gradually increase. However, the demand of the entire industry is still affected by unfavorable factors such as geopolitical risks and rising costs caused by war. Car projection products will start mass production in the fourth quarter, and shipments will continue to grow as new customers and new models are mass-produced in 2025.