LG Display上半年五年来首次转盈，但二季度仍录得1077亿韩元经营亏损

LG Display has returned to first-half profit for the first time in five years, driven by a structural overhaul centered on organic light-emitting diodes (OLED). Analysts expect that LG Display, which generated real profit even in the second quarter—traditionally an off-season—will achieve a complete earnings turnaround this year with operating profit exceeding 1 trillion won.
LG Display (034220.KS) reported a second-quarter operating loss of 107.7 billion won on a consolidated basis, the company said in a regulatory filing on the 22nd.
While the figure represents a loss on paper, the company effectively posted operating profit of around 130 billion won when accounting for one-time costs of 240 billion won stemming from workforce efficiency measures. Kim Sung-hyun, chief financial officer (CFO) of LG Display, stressed, "Excluding one-time costs, we have broken away from the chronic second-quarter slump that has continued for the past four years." For the first half as a whole, the company posted operating profit of 39 billion won, returning to the black for the first time in five years since 2021.
These results reflect that the advancement of the OLED business structure, backed by technological leadership, has gotten on track. In the second half, the company plans to further boost profitability through cost innovation centered on artificial intelligence transformation (AX) and maximizing efficiency across all processes. The strategy is to concentrate firepower on high-end products with differentiated competitive advantages in the small and mid-size business, while seizing market leadership in the large-size business by leading with high-value premium lineups such as gaming OLED monitors.
Confidence in improving earnings is leading to preemptive investment. This year's capital expenditure (CAPEX) has been set at the mid-to-high 2 trillion won range, a sharp increase from the mid-1 trillion won range last year. The likelihood of an annual profit is also seen as high. According to FnGuide, the average forecast (consensus) for LG Display's annual operating profit this year reaches 1.1083 trillion won.