【集邦Display显示产业交流群】 2月10日，友达光电公布2025年第四季合并财务报表。总计2025年第四季合并营业额为新台币 701.4亿元，较2025年第三季增加0.3%，与2024年第四季相比增加2.1%。2025年第四季归属 母公司业主之净利为新台币28.8亿元（约合人民币6.31亿元）。 合计2025年全年合并营业额为新台币2,813.9亿元，较2024年增加0.4%。2025年归属于母公司 业主的净利为新台币68.4亿元（约合人民币14.98亿元），与2024年同期相比（净损新台币30.6 亿元），实现扭亏为盈。 图片来源：友达 友达表示，回顾2025年，年初时市场看好全球经济将稳定发展，但后续对等关税、地缘政治、原 物料涨价等因素对市场造成干扰，加上台币对美元升值，也对营运带来一些逆风。累计2025年营 收为2,813.9亿元,相较2024年年微幅增长0.4%。然公司持续进行转型，显现在公司营收结构优 化，使得2025年度获利相较去年大幅改善，转亏为盈，归属于母公司业主之净利达新台币68.4亿 元。 展望2026年,依照目前掌握的业务状况，公司审慎乐观看待今年整体市场需求。但目前外在变数仍 ...

Core Viewpoint - The company is transitioning from panel manufacturing to semiconductor IC packaging, with a focus on fan-out panel-level packaging products, which have begun stable shipments. The chairman anticipates a recovery in the panel industry by 2026, with a positive start to the year [1][2]. Group 1: Transition to Semiconductor Industry - The company has successfully entered the semiconductor industry by launching fan-out panel-level packaging services, utilizing chip-first technology for satellite ground reception device packaging. The current focus is on consolidating existing customers rather than expanding [1]. - The chairman mentioned that the fan-out panel-level packaging technology involves advanced through-silicon via (TSV) technology, which is energy-intensive, and there is no rush to ship these products next year. The company aims to obtain customer certification for TSV and redistribution layer (RDL) technologies in the coming year [1]. Group 2: Market Outlook for the Panel Industry - The chairman noted a slight price increase for some panel products in December, indicating a potential price increase atmosphere for January. He believes that the fourth quarter of 2025 will be the bottom of the panel industry, with a recovery expected in 2026, particularly for TV panels [2]. - Currently, the company is not signing long-term contracts exceeding one year with customers, only one-year agreements with flexible pricing adjustments. There is some urgency for orders due to rising memory prices, but future developments remain uncertain [3]. Group 3: Strategic Developments and Workforce - The company has approximately 40,000 employees, excluding recent mergers with Pioneer through its subsidiary CarUX. It is diversifying into the automotive and semiconductor packaging industries while consolidating panel production capacity towards a light-asset model [5]. - The chairman emphasized the importance of smaller generation factories, such as 3.5-generation plants, for fan-out panel-level packaging, as larger generation lines may incur higher costs if production fails. Smaller factories transitioning to semiconductor packaging services can sometimes be more advantageous [5].