LG Philips LCD (ticker: LPL) manufactures liquid crystal display (LCD) panels primarily for use in notebook computers, desktop monitors, televisions, and industrial and other applications. President and CFO Ron Wirahadiraksa engaged in the following exchange with analysts during management's 3Q 2005 earnings results conference call:
Jeff Kim - Hyundai Securities - Analyst
China's Lunar New Year has evolved as a strong buying season and we have seen interest growing in China for larger and wider LCD TVs.
….how many in percentage of total sales comes from Chinese market….
At this moment the percent is not very high, but it's important and it's growing. The trend is definitely going up.
So, actually what we earlier expected was that the Chinese market the appetite would be more geared towards the relatively smaller TVs, like 20, 26, something like that. But the figures that we [advertise] were 32 and 37, is getting more and more. So, still the penetration in China is not very high, but it's growing. And within China we are a major supplier.
Ong Chong Ho - SG Asset Management - Analyst
…is your profitability for sales into China better than, say, U.S. or [indiscernible]?
Actually the panel prices, which are basically at the same level. Of course, it depends you're a big player or a small player then we, of course, give out the discounts that you have -- volume discount.
(Quotes are from the CCBN StreetEvents transcript.)