Chunghwa Picture Tubes (CPT) saw its revenues drop 14.5% on month and 41.6% on year to NT$1.922 billion (US$62.06 million) in September due to a lack of new products for the smartphone segment.
The revenues dropped despite increases in unit shipments in September: large-size LCD panels increased 165.5% sequentially to 192,000 units, while those of small- and medium-size applications rose 78% to 30.45 million units.
Demand for of older-generation panels from handset makers were weak in th emonth, as CPT is set to begin shipping profile-cut panels for smartphone applications in early October, according to industry sources.
Due to lower than expected orders, CPT has recently restored a normal working scheme of eight hours a day for its migrant workers, instead of 12 hours a day previously, the sources indicated, adding that the move came after the company cut 65 jobs in mid-September.
The company employs a total of 550 migrant workers, accounting for 11% of its total workforce.