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BOE: Revenue in the Q1 of 2024 was 45.888 billion RMB, YOY increase of 20.84%

BOE Technology Group Co., Ltd. today released its first quarter report for 2024, with operating income of 45.888 billion RMB, a year-on-year increase of 20.84%.

Among them, the net profit attributable to shareholders of listed companies was 984 million RMB, a year-on-year increase of 297.80%; the net profit attributable to shareholders of listed companies after excluding non-recurring gains and losses was 597 million RMB, a year-on-year increase of 135.77%.

Performance highlights:

In the LCD display field, BOE has ranked first in the world in TV display screen shipments for six consecutive years (Omdia data);

In the field of flexible display, BOE has currently invested in and built three 6th-generation flexible AMOLED production lines in Chengdu, Chongqing, and Mianyang. On this basis, it has also announced the investment in the construction of China’s first 8.6th-generation AMOLED production line. In terms of market, BOE’s flexible OLED shipments have ranked first in China and second in the world for many years (data source: Omdia).

In the field of vehicle-mounted displays, BOE continues to rank first in the world in terms of shipment volume and area of vehicle-mounted displays.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
Threza Gabriel is a news writer at TechGoing. TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.