LG Display (LPL)2024-10-23 16:51Financial Data and Key Metrics Changes - Q3 revenue reached KRW6,821.3 trillion, marking a 2% quarter-over-quarter growth and a 43% year-over-year increase due to the transition to an OLED-centric business portfolio [3][4] - Operating loss for Q3 was KRW80.6 billion, impacted by a one-off expense exceeding KRW100 billion related to an ERP program, although the loss was narrowed compared to the previous year [4][6] - Cash and cash equivalents stood at KRW1.787 trillion, with a potential total of KRW2.751 trillion if certain assets were included [6] Business Line Data and Key Metrics Changes - Area shipment declined 3% quarter-over-quarter but grew 32% year-over-year, driven by higher TV panel shipments [5] - ASP per square meter increased by 6% quarter-over-quarter to 2 trillion level, down by around KRW1 trillion year-over-year [14] Q&A Session Summary Question: Plans for cash proceeds from the Guangzhou LCD TV set plant sale - Management explained the deal structure and timing, indicating that the process may take time due to necessary approvals from multiple countries [16][18][19] Question: Competition in the smartphone business - The company acknowledged heightened competition but noted an uptrend in panel shipments and a strengthening product mix [26][27] Question: Demand recovery in the IT product industry - Management indicated that while there are signs of recovery in low-end products, the overall IT product market remains uncertain [32][33][36] Question: Price projections and demand normalization - The company expects a contraction in the TV set market but sees slight recovery signs in the IT set and panel market, particularly for low-priced products [35][36] Question: Growth strategies for large OLED panel business - Management highlighted efforts to enhance competitiveness through technological advancements and strengthening customer relationships [41][43]