BOE surveys detailed LCD/OLED layout and spending trends

On January 7, BOE accepted a survey of specific objects and conducted in-depth exchanges with research institutions on core issues such as LCD production line yield rate, product price trends, progress of oled technology in the IT field, and depreciation and capital expenditure trends that are of high concern to the market. Detailed replies are given, and relevant information provides an important reference for the industry to judge BOE's operating situation and show the development trend of the industry.

Regarding the price trends and stock rate of LCD production lines, BOE said that since December 2025, benefiting from the demand for stocking for upcoming sports events, the purchasing enthusiasm of brand manufacturers has increased significantly, directly driving the growth of shipments of TV products; In addition, most manufacturers in the industry adhere to the on-demand production strategy to optimize supply. Under the resonance of dual factors, TV product prices are expected to usher in an upward trend.

In the field of MNT(display), according to analysis quoted by a third-party consulting agency by BOE, some brand customers on the demand side have released demand for restocking, driving the demand for stocking of MNT products; on the supply side, the squeeze on MNT production capacity by TVs and other products, combined with the structural supply constraints brought about by the contraction of overseas production capacity, under the combined effect of multiple factors, the prices of some MNT products of MNT size have increased month-on-month. In terms of crop power rate, BOE pointed out that the crop power rate of the production line in January will continue to the high level in December, mainly due to the support of the advancement of demand and the concentrated release of stocking demand.

Regarding the development of OLED technology in the IT field, BOE emphasized that AMOLED has the advantages of high image quality and thinner core products, and has become an important display solution for high-end IT products. In order to accurately meet market demand, the company announced investment in the construction of the 8.6th generation AMOLED production line project as early as November 2023. The core output of this project is high-end touch OLED displays required by smart terminals such as notebooks and tablets.

It is worth noting that on December 30, 2025, the 8.6th generation AMOLED production line was successfully lit up five months ahead of schedule. This key development marks that BOE has taken the lead in achieving breakthrough results in the research and development, process debugging and mass production preparation stages of medium size OLED technology. BOE stated that after the production line achieves mass production, the company will have the ability to compete simultaneously with international peers, effectively seize market share of high-end IT display, and further strengthen its overall competitiveness in the global display industry.

Regarding the company's future depreciation trend, BOE replied that the current depreciation amount of the company's existing production lines is continuing to decrease; for production line projects under construction, the company will implement a phased consolidation strategy based on the actual situation of production capacity climbing. Taking into account the dual factors of declining depreciation of existing production lines and phased consolidation of production lines under construction, the company's depreciation amount is expected to peak in 2025.

In terms of capital expenditure trends, BOE has made it clear that 2025 will be the peak period for the company's capital expenditure, and the core investment projects are the Chengdu 8.6th generation AMOLED production line project and the Beijing 6th generation LCD LTPO/LTPS production line project; in 2026, the Chengdu 8.6th generation AMOLED production line project will still have a certain scale of continuous investment; it is expected that from 2027, the company's capital expenditure will see a significant decline.