BOE's revenue in the first quarter was 45.888 billion yuan, a year-on-year increase of 20.84%

BOE's revenue in the first quarter was 45.888 billion yuan, a year-on-year increase of 20.84%. Show the world 2024-04-29 21:02

On April 29, BOE released its first quarter report for 2024, with operating income of 45.888 billion yuan, a year-on-year increase of 20.84%; net profit attributable to shareholders of listed companies was 984 million yuan, a year-on-year increase of 297.80%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 597 million yuan, a year-on-year increase of 135.77%; the significant increase in operating results showed strong development momentum.

LCD display field

In the first quarter of 2024, thanks to the good supply pattern and the early release of downstream demand, the semiconductor display industry has improved significantly, especially in the LCD display field. With the release of terminal demand and the rapid increase in production line turnover, TV products have The price has recovered across the board.

As the world's leading semiconductor display company, BOE has ranked first in the world in TV display shipments for six consecutive years (Omdia Data), and relies on its independently developed and industry-leading high-end ADS Pro hard-screen solution to bring LCD display The image quality and technical performance have been pushed to new heights. ADS Pro is currently the leading mainstream LCD technology and the most widely used hard-screen LCD technology. It has become the first choice for medium and large size products such as notebooks, monitors, tablets, and TVs, and high-end models of major first-line terminal brands around the world.

Since the first quarter of this year, BOE and Hisense, Lenovo, Skyworth, Changhong and other partners have demonstrated a series of large-screen and ultra-high-definition smart TV products equipped with UB Cell's high-end LCD display technology, bringing the ultimate shocking experience comparable to OLED TVs. Enhance the visual effects of high-end LCD TVs to a new and final level.

Flexible display field

In the field of flexible displays, as a domestic enterprise with early layout, excellent technology, and wide market application in the field of flexible OLED. At present, BOE has invested in building three sixth-generation flexible AMOLED production lines in Chengdu, Chongqing, and Mianyang, and on this basis, it has announced the construction of the first 8.6-generation AMOLED production line in China.

In terms of market, BOE's flexible OLED shipments have ranked first in China and second in the world for many consecutive years (data source: Omdia). Since the first quarter of 2024, BOE has not only supplied Glory Magic6 Pro, Magic6 Zhizen Edition, Magic6 RSR Porsche Design and other products, it has also joined hands with many brands such as Nubia and Red Devils to bring a number of flagship mobile phones at MWC2024, continuing to empower the world's first-tier mobile phone brands. In 2024, BOE's annual shipment target of flexible OLED panels is 160 million, a year-on-year increase of more than 30%.

Vehicle display field

In the field of in-vehicle displays, with the accelerating trend of automobile intelligence and networking, in-vehicle displays have become a new growth point for BOE. Omdia data shows that BOE's in-vehicle display shipments and shipment area continue to rank first in the world.