Recently, BOE announced that it expects net profit for the first three quarters to range between 6.2 billion and 6.5 billion yuan. Specifically, the third quarter alone is projected to bring in earnings of 1.897 billion to 2.197 billion yuan. This marks the fifth consecutive quarter of growth for BOE, a trend that has been ongoing since the mid-2016 rebound in LCD panel prices. Since then, the company has consistently improved its performance, showing strong resilience in a competitive market.
BOE AMOLED screen is expected to be produced in advance
BOE highlighted that the introduction of high-value-added products has accelerated, with a significant increase in the proportion of shipments. For example, BOE’s first full-screen display for mobile phones went into mass production in July, and the company has now successfully developed five different full-screen models, which are being supplied to major brands such as Huawei, vivo, and OPPO. Additionally, the sixth-generation flexible AMOLED production line in Chengdu is progressing well, with expectations of reaching mass production ahead of schedule. This development is likely to help BOE maintain a relatively high level of profitability throughout the year.
Flexible OLED panels are no longer limited to smartphones; they are expanding into various consumer electronics, thanks to their thin design, flexibility, excellent durability, and energy efficiency. As the technology matures, the potential applications for these screens are expected to grow significantly. Industry analysts predict that the flexible smartphone panel market will reach 1 billion units by 2022, with an annual compound growth rate of over 45%. This signals a major turning point for the industry, which is on the verge of a broader breakthrough.
BOE Flexible AMOLED Screen
As the mainland's first 6-inch flexible AMOLED production line, BOE has made significant progress in this cutting-edge field. The Chengdu 6th-generation flexible AMOLED production line is set to officially launch in October this year, focusing on high-end display products aimed at the premium mobile phone market. Meanwhile, construction has also begun on the sixth-generation flexible AMOLED production line in Mianyang. With both lines coming online in the near future, BOE is well-positioned to supply top-tier flexible AMOLED screens to global smartphone manufacturers, further solidifying its leadership in the display industry.
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