Group 1: Industry Overview - The LCD industry has experienced significant fluctuations from Q2 2022 to Q1 2023, influenced by both internal development patterns and external uncertainties [1] - The demand surge in 2021 has led to a pre-emptive consumption, causing rapid and large fluctuations in demand [1] - Global instability has tightened consumer sentiment and willingness to spend, but as uncertainties are gradually digested, the industry is expected to return to healthy growth [1] Group 2: Market Dynamics - Since Q1 2023, large-size LCD product prices have been continuously rising, with market share increasingly concentrating among leading companies [2] - The average operating rate of the LCD industry was approximately 74% in Q1 2023 and is expected to maintain around 80% in Q2 2023 [2] - The market supply-demand relationship is stabilizing, with a recovery in purchasing motivation among major domestic brands [2] Group 3: Product Pricing and Demand - From March 2023, mainstream size LCD TV panel prices have been rising across the board, with an upward trend expected to continue into Q3 [3] - IT product prices are stabilizing, with some segments like MNT showing increasing price growth since June [3] - The trend towards larger TV products is anticipated to drive panel demand growth throughout 2023 [3] Group 4: AMOLED Business Progress - In 2022, the company shipped nearly 80 million flexible AMOLED panels, achieving over 30% year-on-year growth [3] - The flexible AMOLED business is expected to continue significant growth, with a target of over 120 million units shipped in 2023 [3] - The company aims to enhance the proportion of high-end products in its flexible AMOLED offerings to improve profitability [3] Group 5: Capital Expenditure and Depreciation - In Q1 2023, the company's depreciation amount was approximately 8 billion yuan, with several LCD production lines reaching the end of their depreciation period [4] - Future capital expenditures will focus on strategic planning, including enhancing AMOLED competitiveness and accelerating IoT integration [4]

Group 1: Industry and Market Overview - In the first half of 2023, the global macroeconomic situation is complex, with terminal consumer demand slowly recovering, and the semiconductor display industry gradually emerging from a low point, showing an upward trend [1] - According to consulting agency data, panel prices began to rise, and demand for panels in the traditional five major application areas improved quarter-on-quarter in the second quarter [1] - The average utilization rate of the LCD industry was approximately 74% in Q1 2023, maintaining around 80% in Q2 2023 [3] Group 2: Company Performance - In the first half of 2023, the company benefited from improved industry supply-side dynamics, with LCD TV product prices continuing to rise and IT product prices stabilizing [2] - The company's flexible AMOLED shipments exceeded 50 million units in the first half of 2023, representing a nearly 80% year-on-year growth, with an annual shipment target of 120 million units [2] - The company achieved a net profit after deducting non-recurring gains and losses in Q2 2023, with revenue growth quarter-on-quarter [2] Group 3: Product Pricing and Inventory - TV product prices are expected to continue the upward trend seen since Q1 2023 due to low inventory and proactive stocking by brand manufacturers [2] - The overall inventory of LCD panels was below normal levels in the first half of 2023, with TV and IT brand manufacturers maintaining inventory near standard levels [2] Group 4: Future Outlook and Strategic Focus - The company aims to enhance the shipment volume and proportion of high-end flexible AMOLED products, focusing on new segments such as LTPO, foldable displays, and automotive applications [2] - The MLED business is positioned as a key platform for the next generation of displays, with a focus on high brightness, high color gamut, and high dynamic contrast [4] - The company has established a strong presence in the automotive display sector, maintaining the top global shipment volume in 2022, with a production capacity of approximately 15 million automotive display modules annually [5]

Group 1: Industry Overview - The LCD industry has experienced significant fluctuations from Q2 2022 to Q1 2023, influenced by both internal development patterns and external uncertainties [1] - The demand surge in 2021 has led to a preemptive consumption, causing rapid and large fluctuations in demand [1] - Global instability has tightened consumer sentiment and willingness to spend, but as uncertainties are gradually digested, the industry is expected to return to healthy growth [1] Group 2: Market Demand and Pricing - Since Q1 2023, the market supply-demand relationship has stabilized, with LCD TV panel prices starting to rise due to improved terminal inventory and promotional demand from domestic brands [2] - The average operating rate in the industry is cautiously increasing, with expectations for the trend of larger TV products to resume in 2023, driving panel demand growth [2] - Mainstream TV panel prices have been rising since March 2023, with expectations for continued increases in Q3 [2] Group 3: AMOLED Business Progress - In 2022, the company shipped nearly 80 million flexible AMOLED panels, achieving over 30% year-on-year growth, with a significant increase in high-end product ratios [3] - The flexible AMOLED business is under short-term pressure due to weak terminal consumption and price competition in entry-level products, but is expected to continue growing in 2023 [3] - The target for flexible AMOLED shipments in 2023 is over 120 million panels, with Q1 shipments nearing 30 million [3] Group 4: MLED Business Development - MLED technology is positioned as a key part of the company's IoT transformation strategy, focusing on high brightness, color gamut, and dynamic contrast [4] - The MLED business aims to create a Mini/Micro LED ecosystem, covering various applications including education, conferences, and consumer electronics [4] - The company has announced plans to control Huacan Optoelectronics, leveraging core technologies to develop Mini LED direct display and backlight solutions [4] Group 5: Supply Chain Advantages - The company emphasizes supply chain security and collaborative development, promoting local supply chain initiatives to enhance competitiveness [4] - Strong relationships with suppliers and joint development platforms with customers and research institutions help mitigate supply risks [4] - The company has supported the rapid growth of dozens of upstream material and equipment partners through its own and industry fund initiatives [4]

Group 1: Industry Overview - The LCD industry has experienced significant fluctuations from Q2 2022 to Q1 2023, influenced by both internal development patterns and external uncertainties [1] - The demand surge in 2021 led to a preemptive consumption drawdown, resulting in rapid demand volatility [1] - The industry is currently in a recovery phase, with large-size LCD product prices continuously rising since Q1 2023 [1] Group 2: Supply and Demand Dynamics - The industry supply side is improving as excess production capacity gradually exits, leading to increased market concentration among leading companies [2] - The average operating rate in the LCD industry was approximately 74% in Q1 2023, with expectations of around 80% in Q2 2023 [2] - Market supply and demand dynamics are stabilizing, with LCD TV panel prices starting to rise since Q1 2023 due to improved purchasing motivation from major domestic brands [2] Group 3: Product Performance and Projections - The company achieved a flexible AMOLED shipment of nearly 80 million units in 2022, a year-on-year increase of over 30% [3] - For 2023, the company aims to exceed 120 million units in flexible AMOLED shipments, with Q1 2023 shipments nearing 30 million units [3] - The company’s revenue breakdown for 2022 shows display devices at 88.53%, IoT innovation at 15.27%, and other segments contributing smaller percentages [4] Group 4: Growth in Innovative Segments - In 2022, despite a weak display industry, the company’s four innovative segments showed strong growth, with system solutions revenue up over 41% and MLED business revenue up approximately 85% [4] - The sensor business also saw a year-on-year revenue increase of over 41%, while the smart medical business grew by over 19% [4]

京东方科技集团股份有限公司 投资者关系活动记录表 编号：2023-023 投资者关系活动类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 √其他 电话会议 参与单位名称 银华基金、广发证券 时间 2023 年 6 月 30 日 地点 公司会议室 上市公司接待人员姓名 罗文捷 证券事务代表 李 柰 董事会秘书室工作人员 讨论内容主要为回答投资者提问，问答情况如下： 问题 1：如何看待 LCD 行业竞争格局？ 问题 1：2022 年二季度到 2023 年一季度，LCD 领域的 波动幅度较大，本次行业波动与以往行业波动不同的是，除了 投资者关系活动主要内 行业自身的发展规律外，行业受外部不确定性因素的影响较大。 容介绍 一是 2021 年集中的需求释放提前透支了部分消费，导致需求 的快速、大幅波动；二是全球形势的不稳定，导致消费者消费 心态趋紧、意愿不足。公司认为，随着上述不确定性因素逐渐 被消化，行业自身的发展规律起主导作用的供需关系会逐步恢 复，行业也将恢复健康成长。2023 年面板行业处于修复过程， 大尺寸 LCD 产品价格自一季度以来持续上涨。 在行业供给端 ...

Group 1: IoT Transformation Strategy - BOE has developed a "Screen IoT" strategy to leverage its core advantages in the display sector, aiming to integrate more functionalities and penetrate various market segments [1] - The company proposes a "1+4+N+Ecosystem" business development framework, where "1" refers to semiconductor displays, "4" includes IoT innovation, sensing, MLED, and smart medical engineering, and "N" represents various IoT application scenarios [2] Group 2: LCD Industry Dynamics - The LCD industry experienced significant fluctuations from Q2 2022 to Q1 2023, influenced by external uncertainties and a prior demand surge in 2021 that led to a consumption pullback [2] - As of 2023, the panel industry is in a recovery phase, with product prices continuously rising since Q1 2023 due to improved supply-demand relationships [3] Group 3: Market Demand and Pricing - In Q1 2023, the market demand for LCD TV panels began to rise, driven by healthy inventory levels and increased purchasing motivation from major domestic brands [3] - The trend towards larger TV sizes is expected to continue throughout 2023, contributing to an increase in panel demand area [3] Group 4: Flexible AMOLED Business Progress - In 2022, BOE's flexible AMOLED shipments reached nearly 80 million units, marking over a 30% year-on-year growth, with high-end products showing significant improvement [4] - For 2023, the company aims to exceed 120 million units in flexible AMOLED shipments, with Q1 2023 shipments nearing 30 million units [4] Group 5: Automotive Display Business - BOE has established itself as a leader in the automotive display sector, with its subsidiary, BOE Precision Electronics, being the sole platform for automotive display modules and systems [4] - The company’s automotive display shipments maintained the global top position in 2022, with a production capacity of approximately 15 million units annually from its Chengdu base [4]

京东方科技集团股份有限公司 投资者关系活动记录表 编号：2023-020 投资者关系活动类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 √现场参观 □其他 参与单位名称 嘉实基金 时间 2023 年 6 月 14 日 地点 公司会议室 上市公司接待人员姓名 罗文捷 证券事务代表 张 妍 董事会秘书室工作人员 李 柰 董事会秘书室工作人员 讨论内容主要为回答投资者提问，问答情况如下： 问题 1：公司的发展战略及规划？ 回答 1：京东方历经多年产业深耕，如今已发展成为半导 体显示领域全球龙头及物联网领域全球创新型企业。基于对市 投资者关系活动主要内 场内在规律的深刻认识与实践探索，为进一步提升价值创造能 容介绍 力，京东方提出了基于公司核心基因和能力的"屏之物联"发 展战略，把握"屏"无处不在的增长机遇，充分发挥自身"屏" 之核心优势，通过集成更多功能，衍生更多形态等方式，让屏 植入更多细分市场和应用场景，实现数字化时代"屏即终端" 的用户感知革命，构建"屏即平台、屏即系统"的产业生态， 重塑价值增长模式。 基于"屏之物联"战略设计，在新的发展格局下，公司创 新提出"1+4 ...

京东方科技集团股份有限公司 投资者关系活动记录表 编号：2023-018 投资者关系活动类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 √其他 电话会议 参与单位名称 腾跃基金 时间 2023 年 5 月 23 日 地点 电话会议 上市公司接待人员姓名 张 妍 董事会秘书室工作人员 讨论内容主要为回答投资者提问，问答情况如下： 问题 1：公司未来的发展战略以及各事业群的营收占比情 况？ 回答 1：京东方通过 30 年的努力，已成为中国半导体显示 产业的典型代表，2022 年，在显示行业整体持续走弱的情况 投资者关系活动主要内 下，中国大陆半导体显示产业的产能、年出货量、出货面积稳 容介绍 居全球第一。 近 5 年来为顺应物联网产业的快速发展，京东方加快以"屏 之物联"为战略的物联网转型步伐，"屏之物联"的核心要义是： 集成屏更多的功能（技术）、赋予屏更多的形态（产品）、植入 屏更多的场景（市场和客户）。基于"屏之物联"战略设计，在 新的发展格局下，公司创新提出"1+4+N+生态链"业务发展 架构。"1"是指半导体显示，是京东方所积累沉淀的核心能力 与优质资源 ...

京东方科技集团股份有限公司 投资者关系活动记录表 编号：2023-019 投资者关系活动类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 √现场参观 □其他 参与单位名称 Alliancebernstein、Balyasny Asset、Fidelity、Invesco、 UG Investment Advisers LTD、LMR Partners、摩根大 通 时间 2023 年 5 月 26 日 地点 成都京东方光电科技有限公司、京东方成都车载显示基地 上市公司接待人员姓名 罗文捷 京东方证券事务代表 董 昀 京东方精电投资与投资者关系部部长 张 妍 京东方董事会秘书室工作人员 王 晨 京东方精电投资与投资者关系部工作人员 投资者参观了京东方成都车载显示基地展厅及产线、成都 第 6 代柔性 AMOLED 生产线展厅、柔性 AMOLED 工艺流 投资者关系活动主要内 程及产线参观走廊，参观后与公司进行了交流。讨论的内容主 容介绍 要为回答投资者提问，问答情况如下： 问题 1：如何看待目前的市场需求及产品价格？ 回答 1：2023 年一季度以来，随外部不确定因素逐渐被消 ...

京东方科技集团股份有限公司 投资者关系活动记录表 编号：2023-016 投资者关系活动类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 √现场参观 □其他 参与单位名称 东方资产管理（国际）、富达基金(香港)、华夏基金（香港）、惠 理基金、璞瑜资本、中信里昂证券 时间 2023 年 5 月 19 日 地点 成都京东方光电科技有限公司、京东方成都车载显示基地 上市公司接待人员姓名 罗文捷 京东方证券事务代表 董 昀 京东方精电投资与投资者关系部部长 张 妍 京东方董事会秘书室工作人员 王 晨 京东方精电投资与投资者关系部工作人员 投资者参观了京东方成都车载显示基地展厅及产线、成都 第 6 代柔性 AMOLED 生产线展厅、柔性 AMOLED 工艺流 程及产线参观走廊，参观后与公司进行了交流。讨论的内容主 投资者关系活动主要内 要为回答投资者提问，问答情况如下： 容介绍 问题 1：如何看待目前的市场需求及产品价格？ 回答 1：2023 年一季度以来，随外部不确定因素逐渐被消 化，市场供需关系逐渐趋向平缓。根据咨询机构数据，2023 年 一季度 LCD TV 面板价格开始上涨 ...