BOE discloses core content of investor relations activities

On February 5, BOE officially released the latest investor relations activity record form, which focuses on summarizing the company's detailed responses to core issues of concern to investors, covering the price trends of LCD TV products and the layout of oled technology in the IT field. Progress, innovative business breakthroughs and future depreciation and capital expenditure trends four core sectors, which comprehensively demonstrate the company's current operating conditions and long-term development plans, and clearly convey development signals to investors.

LCD TV products: Supply and demand are working in both directions, and prices are expected to continue to rise. In response to the price trend of LCD TV products that investors are concerned about, BOE has conducted a comprehensive interpretation from both sides of supply and demand. At the demand level, as the Spring Festival holiday approaches, the stocking demand of terminal brand manufacturers remains relatively strong, which directly drives the steady increase in shipments of TV products and provides solid support for price stability. At the supply level, mainstream manufacturers in the industry currently adhere to the core strategy of on-demand production and flexibly adjust the production line production rate according to market demand. The overall production rate is currently at a high level, effectively avoiding price fluctuations caused by overcapacity.

According to relevant data from third-party consulting organizations, in January 2026, the prices of LCD TV products of all mainstream size have increased across the board, and the industry's prosperity continues to pick up. BOE further predicts that combined with the continued release of stock demand during the Spring Festival and reasonable regulation of the supply side, TV product prices are expected to see an expansion in February 2026, and the industry's profit environment will be further improved.

OLED technology: Another breakthrough has been made in the IT field, and the mass production process has accelerated. In terms of the application progress of OLED technology in the IT field, BOE stated that AMOLED products have become high-end IT products (such as notebooks, tablets, monitors, etc.) with their core advantages of high image quality and thinner weight, and market demand continues to rise. It is worth noting that the company's 8.6th generation AMOLED production line has been successfully lit up on December 30, 2025, completing this critical node five months earlier than originally planned, marking that BOE has taken the lead in the research and development of medium size OLED technology, process debugging and mass production preparations., etc., it has taken the lead in achieving key breakthroughs, further widening the gap with its industry counterparts.

It is reported that the 8.6th generation AMOLED production line is expected to officially enter the mass production stage in the second half of 2026. After mass production, BOE will be able to more accurately match the high-end product needs of customers in the IT field, further enrich the supply of medium and size OLED products, strengthen the company's overall competitiveness in the global display industry, and continue to expand the penetration rate of OLED technology in high-end IT scenarios.

Innovative business: Focus on two core tracks to build a solid foundation for future growth Regarding the latest progress of the company's innovative business, BOE revealed that under the guidance of the Nth curve theory, the company continued to deepen the development strategy of screen IoT, focusing on the layout of perovskite photovoltaic and glass-based packaging carrier board two core innovation tracks, making every effort to cultivate new growth engines and promote the enterprise to achieve high-quality sustainable development.

In terms of perovskite photovoltaic business, BOE fully relies on its core advantages accumulated in the display industry for a long time, including glass-based processing capability, thin film preparation process capability, packaging technology, equipment advantages and large-scale intelligent manufacturing capability, effectively enabling the R & D and production of perovskite solar cells to achieve rapid technological breakthroughs. At present, the company has achieved the integration of the entire process flow of the three major platforms from glove box, experimental line to pilot test line. The photoelectric conversion efficiency of each platform has reached the industry-class level. Among them, the conversion efficiency of rigid component glove box has been certified by the Institute of Metrology reaches 27.3%. The conversion efficiency of the 4T laminated module experimental line has exceeded 28.42%. At the same time, a 100 kwh-level demonstration power station has been built, and the pace of industrialization will be accelerated in the future.

In terms of glass-based packaging carrier board technology, BOE has also made important progress. At present, it has successfully completed the construction of a large-scale glass carrier board pilot test line and successfully achieved process line integration. It has been able to produce ultra-large size 7-2-7 glass carrier board, packaging integration has been significantly improved. BOE stated that the perovskite business and glass-based advanced packaging business, as representative businesses under the company's N-curve strategic upgrade, will continue to work hard and advance steadily, providing strong impetus for the company's future-oriented growth and further improving the screen IoT industry ecology.

Depreciation and capital expenditure: The peak has passed, and the pressure will gradually ease in the future

BOE gave a clear response to investors 'concerns about future depreciation and capital expenditure trends. The company said that the depreciation amount of its existing production lines is currently continuing to decrease, and the production line projects under construction will be converted into solid processing in stages based on the climbing situation of the production line. It is estimated that the depreciation amount will reach its peak in 2025, and will be gradually reduced in the future.

In terms of capital expenditure, it is consistent with the depreciation trend and will also reach a phased peak in 2025. With the gradual implementation and commissioning of projects under construction, the pressure on the company's capital expenditure will continue to ease. It is expected that starting from 2027, capital expenditure is expected to drop significantly, which will further optimize the company's financial structure, improve profitability, and provide for subsequent R & D investment and Business development reserves more financial space.

The disclosure of the record of investor relations activities comprehensively demonstrates BOE's solid foundation and clear planning in terms of core business, technology research and development, and strategic layout. In the future, with the rebound in LCD TV product prices, the implementation of mass production of OLED technology and the continuous breakthroughs in innovative business, BOE is expected to further consolidate its leading position in the industry and achieve long-term steady development.