China-based LCD panel maker BOE Technology estimates first-quarter 2011 net loss at CNY650-700 million (US$9-107 million), higher than the net loss of CNY290 million for first-quarter 2010, according to China-based tech.163.com.

The first-quarter 2011 loss mainly stemmed from continued drops in panel prices and larger-than-expected cost for improving a 5G plant, the report said.

BOE kicked off volume production at a 6G plant in November 2010, but the production has yet to make substantial revenue contribution, it added.