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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In the field of oxide technology, in addition to the world’s first 45-inch 9K oxide Mini LED car through-screen, BOE Precision also demonstrated a 14.6-inch 2.5-inch display with high transmittance, high contrast, high color gamut, narrow bezel, and high cost performance. K oxide products. In the field of oxide technology, BOE has achieved large-scale mass production in production lines in Hefei, Chongqing, Nanjing, Chengdu and other areas. At present, the application of BOE’s oxide technology has achieved full coverage of mainstream market products from small-sized mobile phones to 110-inch large-sized TVs. Among them, the central control of the GAC Aion Hyper GT is now equipped with a 14.6-inch oxide Incell wide-format vehicle display screen provided by BOE Precision.

In the field of flexible vehicle displays, the 15.05-inch vehicle L-shaped central control screen exhibited at CES 2024 has high-quality features such as 1200nits high brightness, 1000,000:1 high contrast, and 104% NTSC wide color gamut, and is dynamic in normal temperature environments. The sliding roll measurement value reaches 200,000 times, and the maximum lifting distance is 50mm. It can be used in the instrument, passenger seat, rear seat, armrest and other positions to make the vehicle interior more technological; the highly innovative f-OLED taillight product will OLED display technology is applied in the field of vehicle lighting to achieve a combination of functionality and personalized aesthetics.

In addition, BOE Precision also demonstrated an immersive high-definition car display powered by Mini LED, BD Cell and other technologies at CES. The curved 27.0-inch 4K Mini LED display using Mini LED backlight technology can achieve million-level contrast, High color gamut, high transmittance and high brightness bring stylish and beautiful appearance and more comfortable screen viewing angle; the 12.3-inch 2K BD Cell display powered by BD 2.0 technology integrates 10,000-level contrast ratio, pixel-level dimming, ultra- Fine light control in one body brings a new experience to smart travel.

In addition to innovations in in-vehicle display technology, the 42.2-inch smart cockpit displayed by BOE on-site integrates innovations around in-vehicle scenarios. The appearance, display, hardware boards, and software systems of the entire cockpit are all independently developed by BOE. The car display screen has a 10K ultra-high resolution and is equipped with an under-screen camera in the dashboard area. At the same time, through deep learning artificial intelligence technology and equipped with an active privacy anti-peep screen, a smarter and safer driving experience is created in all aspects.

Geely Galaxy E8 (parameters | inquiry) is equipped with BOE Precision’s world premiere 45-inch 8K high-definition all-in-one long screen. It is the widest car screen among mass-produced models. Its height is equivalent to the screen size of current mainstream mobile phones. It integrates instruments, The central control and co-pilot are all on one screen, redefining the direction of intelligence in the cockpit.

At this conference, BOE launched the world’s first 45-inch smart cockpit. This product leverages the high electron mobility advantage of Oxide technology to achieve 9K ultra-high resolution and 90Hz ultra-high refresh rate. It also uses glass-based Mini LED backlight to achieve 6048 ultra-high resolution. High partition top image quality, million-level ultra-high contrast and 1500nit brightness display effect. By using BOE’s unique Oxide low-carbon process technology and Mini LED technology, this vehicle-mounted display product can effectively reduce power consumption by 20%-30%. Not only that, it uses cold bending forming technology that uses supplier Corning to bend glass at room temperature to create an enveloping curved surface design.

In the automotive field, BOE continues to implement the “HERO” automotive scene innovation plan, and joins hands with global partners to launch an overall smart cockpit solution that integrates health scenes (Healthiness), entertainment scenes (Entertainment), leisure scenes (Relaxation), and office scenes (Office). plan.

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In addition, the current major domestic suppliers of small and medium-sized OLEDs include BOE, Visionox, and Shentianma.

Referring to previous reports, Korean media The Elec quoted supply chain sources as saying on September 14 that Apple initially purchased 10 million OLED panels for the iPad. In addition, Apple plans to launch 11-inch and 12.9-inch iPad Pro with OLED panels in the middle of next year, with initial purchase orders of 6 million pieces for the 11-inch and 4 million pieces for the 12.9-inch.

Among them, LG Display will supply 4 million 12.9-inch OLED panels and 2 million 11-inch OLED panels to Apple; Samsung Display will only supply 4 million 11-inch OLED panels.

Blogger Tech_Reve also recently revealed that Apple is testing 27-inch and 32-inch OLED panels, which are expected to be used in next-generation iMac devices. Since the launch of the original Apple Watch in 2014, Apple has been promoting the upgrade of screens for iPads, Macs and other products to OLED panels.

The source also revealed that Apple is developing a 20-inch OLED screen MacBook, which will further expand the MacBook product line. Apple is expected to upgrade the 14-inch and 16-inch MacBook Pro to use OLED panels in 2026/2027.

In August this year, the American technology media The Information reported that due to Sony’s limited supply capacity, Apple is “evaluating” the possibility of using BOE and Shiya Technology as Micro-OLED display suppliers for the future Vision Pro, involving the new generation of Vision Pro and internal A “low-priced head display” code-named N109, which is currently in the early stages of development. Foreign media pointed out that introducing a second or third supplier for Vision Pro could significantly increase production and help Apple reduce the future basic cost of its hardware.

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It is learned from the BOE official account that OPPO Find N3 Flip adopts the new flexible folding low-power solution launched by BOE, and uses BOE COE non-polarizer technology to effectively solve the problem of ambient light reflection in flexible folding displays.

The product is equipped with BOE’s 6.8-inch flexible OLED screen, which adopts the first drop-shaped bending design, and the bending radius is as low as 2.4mm; at the same time, with BOE’s ultra-thin flexible glass cover (UTG) technology, it brings a thin and light body while being effective. Reduce screen creases.

In addition, OPPO Find N3 Flip is also equipped with BOE LTPO adaptive dynamic refresh rate technology, a new pixel arrangement independently developed by BOE (with a global maximum brightness of 1200nits), and BOE 1920Hz ultra-high frequency PWM dimming mode.

The OPPO Watch4 Pro series is equipped with BOE’s 1.91-inch flexible OLED screen and adopts BOE’s LTPO smart wearable low-power solution, which can realize an adaptive quad-frequency dynamic refresh mode as low as 1Hz, and comprehensive upgrades in terms of battery life and sleep screen.

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Debut of LGD IPS Black panel for Dell U2723QX monitor

BOE’s new high-contrast panel parameters are below:

The panel is expected to be launched at the end of the third quarter of this year, with a 27-inch 4K resolution, an expected 60Hz refresh rate, a three-sided bezel-less design, HDR400 brightness, a 98% DCI-P3 color gamut, and a 2000:1 contrast ratio, the news said.

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▲ Picture source BOE Announcement

In addition, BOE expects that in the first half of 2023, its net profit after deducting non-recurring gains and losses will be a loss of 1.5 billion to 1.6 billion CNY, a year-on-year decrease of 135%-138%. The profit in the same period last year was 4.239 billion CNY.

Regarding the reasons for the performance changes, BOE stated that in the first half of 2023, the global macroeconomic situation is complex and changeable, and terminal consumer demand is recovering slowly. In the first and second quarters of 2023, the company’s profitability after deducting non-recurring gains and losses will improve quarter by quarter. In the second quarter, revenue will increase month-on-month, and the net profit after deducting non-recurring gains and losses will become profitable.

In terms of LCD, the company strictly implements the business strategy of “dynamic production control and on-demand production”, and continues to promote the healthy development of the industry. According to the data of consulting agencies, since March 2023, the prices of LCD TV products have continued to rise, and the prices of IT products have gradually stabilized, and the recovery trend has begun to appear. While product prices are rising, the demand for downstream stocking in mainstream application areas is gradually released, the demand for innovative application areas such as smart cockpits, AR/VR, and folding is growing steadily, and the utilization rate of production lines is rationally increasing, which promotes the improvement of the company’s performance.

In terms of OLED, although the overall shipment of smartphones in 2023 is not optimistic, the penetration rate of flexible AMOLED in smartphones still maintains a significant increase. In the first half of the year, the company seized market opportunities and focused on high-end demand. The semi-annual flexible AMOLED shipments exceeded 50 million for the first time, a year-on-year increase of nearly 80%. Considering the large depreciation pressure and the low-price competition situation in the low-end market, the profitability of the company’s AMOLED-related business has improved but is still under pressure.

It was previously reported that BOE had stated in May that its flexible AMOLED shipment target for the whole of 2023 would exceed 120 million pieces.

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This LCD-based display measures 110 inches and, most importantly, is the world’s first panel capable of outputting 16K (15360 x 8640) images at a 60 Hz refresh rate. The entire picture consists of 133 million pixels, which is 16 times the resolution of 4K or 64 times the resolution of 1080p. The display has a contrast ratio of 1200:1, a DCI-P3 color gamut coverage of 99%, and a brightness of 400 nits. First image by Vincent Teoh (HDTVtest):

BOE has not announced when this panel will hit the market, and the price is estimated to be not expensive.

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The nine cases will have their first hearing on May 18 in the First Court of the Intellectual Property Division of the Chongqing No. 1 Intermediate People’s Court.

BOE Technology Group Co Ltd, recently released its first quarterly report for 2023. The company achieved an operating income of RMB 37.973 billion, a year-on-year decrease of 24.77% after adjustment, and achieved a net profit of 247 million attributable to shareholders of listed companies. After that, it decreased by 94.36% year-on-year.

As of December 2022, BOE (BOE) has accumulated more than 80,000 independent patent applications, including more than 28,000 flexible OLED-related patent applications.

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It is learned from BOE data that BOE’s flexible OLED business basically completed its annual shipment target in 2022, maintaining a year-on-year growth of more than 30 percent. BOE pointed out that in 2023, with the continued growth of the company’s flexible OLED business, as well as the continued increase in client share, the company’s flexible OLED product shipments are expected to continue to maintain significant growth.

In terms of production lines, BOE said the company has 17 semiconductor display production lines (one under construction) in Beijing, Chengdu, Mianyang, Hefei, Ordos, Chongqing, Fuzhou, Wuhan, Kunming and Nanjing, including eight high-generation lines, including six 8.X generation lines and two 10.5 generation lines; three sixth-generation flexible OLED production lines; in addition, it also has one silicon-based OLED production line and In addition, BOE has 1 silicon-based OLED production line and 1 sixth-generation new semiconductor display device production line (under construction).

In terms of the supply chain, BOE said the company attaches great importance to supply chain security construction, maintains good cooperation with thousands of suppliers worldwide, and actively promotes the localization and localization of raw materials to reduce raw material costs and supply chain risks. At the same time, the company continues to actively layout in the industrial chain to promote better and sustainable development of the industrial chain. At present, the company has helped dozens of upstream material and equipment partners to grow rapidly and healthily through itself and industrial funds.

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While Apple has long relied on the South Korean electronics giant for key components for the iPhone, it has also waged a long-running court battle against Samsung, accusing it of stealing Apple’s patents in its own line of smartphones. The companies settled their legal dispute five years ago, with Apple finding other partners to supply some components in its devices, such as memory chips, or replace other Samsung components, such as processors, with its own designs.

However, a complete breakup is not possible, as Apple still needs Samsung to supply an important component: displays for iPhones and other devices. This also makes for a very tense and delicate relationship between the two companies.

According to several former Apple employees, Samsung was so distrustful of Apple that it banned Apple engineers from entering Samsung factories. In one incident in 2017, Apple engineers flew from the U.S. to South Korea to meet with employees of Samsung’s display division but were told they were not welcome to enter its facilities, including its office buildings, because Samsung had to protect its intellectual property around a screen technology known as organic light-emitting diodes (OLEDs). According to a former Apple employee with knowledge of the matter, Apple engineers were forced to talk to their Samsung counterparts remotely from their hotel rooms in South Korea.

Apple has spent the last few years trying to move away from its dependence on Samsung OLED screens and looking for other suppliers such as LG, Japan Display (JDI) and BOE, but none of these manufacturers could meet Apple’s requirements for quality, quantity and price.

OLED screens are one of the most advanced display technologies available, offering higher contrast, lower power consumption and thinner thickness. Apple began using OLED screens on the Apple Watch in 2016 and has gradually expanded to other product lines, such as the iPhone, iPad Pro and MacBook Pro.

However, Samsung is the world’s largest manufacturer of OLED screens, with about 80% of the market share. This means that Apple must pay Samsung a high purchase price and has difficulty bargaining with it. Apple reportedly pays Samsung about $10 billion a year (currently about RMB 69.1 billion) for OLED screens.

In order to reduce costs and improve bargaining power, Apple has been looking for other reliable OLED screen suppliers. LG has started supplying OLED screens for some iPhone models, but its production capacity and quality are still not as good as Samsung’s. JDI has been unable to put them into mass production because of financial woes. BOE is one of China’s largest display manufacturers, but its products have failed Apple’s stringent testing standards.

Samsung’s strengths in screen technology and production give it more power in its relationship with Apple than most of Apple’s supply chain partners. In general, Apple suppliers must take “the financial risk of storing and absorbing the cost of unwanted parts,” but that’s not the case in the relationship with Samsung.

One former Apple employee said Samsung forced Apple to buy hundreds of thousands of additional screens several years ago, even after Apple cut demand forecasts for MacBook displays.

In another incident, Samsung shipped “millions of LCDs to Foxconn” for the first retina screen version of the iPad mini, but Apple found “minor defects” in the displays. Samsung refused to replace the screens, leaving Apple with “no choice but to use the panels. A few years later, a similar incident occurred with the MacBook display, forcing Apple to suspend mass production until the company could select the best quality display for use.

Over the years, Apple has made several attempts to get rid of Samsung, but all have failed. One of those attempts occurred when Apple wanted to use microLED display technology instead of OLED in the iPhone X. Initially, Apple wanted to use MicroLED instead of OLED in the iPhone X. While OLED allows for better overall image control compared to LCD, according to a former Apple executive involved in discussions about Apple’s display roadmap, some executives within Apple Some Apple executives don’t like OLED displays because they’re hard to see in sunlight.

After acquiring LuxVue in 2014, Apple staffed the MicroLED project with top talent, many of whom have PhDs in fields such as physics, chemistry and electrical engineering. A year later, Apple purchased a small display factory in Taiwan from Qualcomm to learn how to make displays.

The plan to use MicroLED on the iPhone X never came to fruition. Several people who worked on the project said the high cost of making MicroLEDs, combined with how long the manufacturing process takes and the high potential for defects, led to delays, although Apple has been doing its best to overcome these obstacles for years.

Nevertheless, Apple has not given up on finding an alternative. Apple reportedly plans to use BOE-produced OLED screens when it launches the fourth-generation iPhone SE in 2023. In addition, Apple is continuing to work on MicroLED technology, which could provide higher efficiency, longer life and better visuals for displays.

However, Apple will still need to rely on Samsung to meet its demand for high-end OLED screens for the foreseeable future. The two companies compete and cooperate, creating a unique and complex relationship in the technology world.

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