涨幅超30%，LGD面板Q3售价1365美元/㎡

Core Viewpoint - LG Display is experiencing a significant increase in panel prices per square meter while simultaneously facing a decline in shipment area, indicating a strategic shift towards high-margin products [1][4]. Group 1: Price and Shipment Trends - The price per square meter of panels has risen from $804 in Q1 to $1,365 in Q3, with a quarterly increase exceeding 30% [1]. - Shipment area has decreased from 54 million square meters in Q1 to 39 million square meters in Q3, reflecting a year-on-year decline of 27.8% [1]. Group 2: Strategic Focus and Product Development - LG Display is shifting its focus towards high-value products, such as large-screen OLED TVs, high-end gaming OLEDs, and automotive P-OLEDs, which has led to improved profitability despite lower sales volumes [1][4]. - The company plans to invest over 1 trillion KRW in facility construction to enhance its OLED production capabilities and has sold its LCD factory in Guangzhou, China [1]. Group 3: Future Outlook and Profitability - The operating profit margin is expected to increase from the current 7% to 15% as depreciation ends, indicating a clear trend of profitability recovery [4]. - LG Display is also reducing the proportion of low-margin products and implementing cost-cutting measures to narrow losses in its IT LCD business, which has been struggling since the end of remote work [4].