Group 1: Financial Performance - In 2024, the company expects a net profit attributable to shareholders of between 5.2 billion and 5.5 billion CNY, doubling year-on-year [1] - The estimated net profit for Q4 2024 is approximately 1.9 billion to 2.2 billion CNY, showing significant year-on-year growth and nearly doubling quarter-on-quarter [1] Group 2: Market Demand and Product Performance - The demand for LCD TV products surged due to the "old-for-new" policy in the mainland market and promotional activities in overseas markets, leading to increased shipment volumes and a rise in product prices [2][3] - In Q4 2024, the company shipped over 40 million flexible AMOLED panels, showing significant quarter-on-quarter growth and an improved product structure [2] Group 3: Industry Trends and Pricing - Global TV panel shipments and area are expected to grow in 2024, with a peak demand in Q2 driven by overseas sports events and a recovery in the mainland market in the second half of the year [3] - Starting December 2024, prices for some large-size LCD TV products began to rise, with mainstream sizes experiencing price increases in January 2025 [3] Group 4: Business Development and Future Plans - The company’s flexible AMOLED business saw a total shipment of approximately 140 million units in 2024, with a notable increase in high-end product share [4] - The 8.6-generation AMOLED production line project is expected to achieve mass production by the end of 2026, enhancing the company's competitiveness in the semiconductor display industry [5] Group 5: Depreciation and Financial Outlook - Overall depreciation is expected to slightly increase in 2024 due to new production lines, with minimal fluctuations anticipated in 2024 and 2025, followed by a potential decrease starting in 2026 [5]

Financial Performance - In 2024, the company expects a net profit attributable to shareholders of between 5.2 billion and 5.5 billion CNY, doubling year-on-year [1] - The estimated net profit for Q4 2024 is approximately 1.9 billion to 2.2 billion CNY, showing significant year-on-year growth and nearly doubling quarter-on-quarter [1][2] Market Dynamics - The demand for LCD TV products surged due to the "trade-in" policy in mainland China and promotional activities in overseas markets, leading to increased shipment volumes and stabilizing prices [2] - In Q4 2024, the company shipped over 40 million flexible AMOLED panels, showing significant quarter-on-quarter growth and continuous improvement in product structure [2] Industry Trends - Global TV panel shipments and area are expected to grow in 2024, with a peak demand in Q2 driven by overseas sports events and a resurgence in the mainland market in Q4 due to subsidies [3] - By December 2024, some large-size LCD TV product prices began to rise, with mainstream sizes experiencing price increases in January 2025 [3] Production and Depreciation - The overall depreciation for 2024 is expected to increase slightly due to new production lines and the expiration of mature line depreciation [6] - From 2024 to 2025, depreciation is anticipated to remain stable, with a potential decrease starting in 2026 [6] New Business Developments - The company is actively pursuing perovskite solar cell technology, achieving a sample with an industry-leading conversion efficiency in 2024 [7] - The "AI+" strategy has been launched to enhance production, product innovation, and management efficiency [7]

Investment Rating - The report maintains a "Recommended" investment rating for the company, indicating an expectation of stock performance that exceeds market performance by 10% to 20% over the next six months [12]. Core Views - The company is expected to achieve a significant increase in net profit for 2024, with estimates ranging from 5.2 billion to 5.5 billion yuan, representing a year-on-year growth of 104% to 116% [4][7]. - The demand stimulation from the "old-for-new" policy is anticipated to improve industry conditions, with the company maintaining its leading position in the semiconductor display sector [7][9]. - The report highlights a structural improvement in major application areas, particularly in the LCD segment, driven by a combination of supply-side production adjustments and demand-side policy incentives [7][9]. Financial Summary - The company’s projected financial performance for 2024 includes: - Revenue of approximately 202.1 billion yuan, a year-on-year increase of 15.8% [6]. - Net profit of 5.36 billion yuan, reflecting a year-on-year increase of 110.6% [6]. - Gross margin expected to rise to 16.4% [6]. - For 2025, the company is projected to achieve a net profit of 8.45 billion yuan, with a corresponding P/E ratio of 19.6 [9][10]. Market Position - The company continues to lead in global shipments across five major application areas, including smartphones, tablets, laptops, desktop monitors, and televisions [7][9]. - The report notes a significant increase in OLED shipments, with a focus on high-end products, and the company is expected to maintain its competitive edge in flexible AMOLED technology [7][9].

Financial Performance - The estimated net profit attributable to shareholders for 2024 is projected to be between CNY 5.2 billion and CNY 5.5 billion, representing a year-on-year growth of 104% to 116% compared to CNY 2.54744 billion in the previous year[2]. - The net profit after deducting non-recurring gains and losses is expected to be between CNY 3.5 billion and CNY 3.8 billion, a significant improvement from a loss of CNY 632.56 million in the same period last year[2]. - The basic earnings per share is forecasted to be between CNY 0.13 and CNY 0.15, up from CNY 0.06 in the previous year[2]. Market Position and Growth - The company maintained its leading position in the semiconductor display sector, achieving a doubling of operating performance despite a complex international environment and domestic economic challenges[5]. - In the LCD segment, the company experienced significant growth in television applications, with the Chinese market showing a recovery in the second half of the year and large-size products reaching new highs[5]. - The flexible AMOLED segment is expected to see an annual shipment of approximately 140 million units, with a 40% increase in overall shipments of foldable products[6]. Strategic Initiatives - The "Screen IoT" strategy has led to a doubling of revenue in the smart window business and continuous growth in the smart medical business[6]. - The "AI+" strategy has been officially launched, focusing on enhancing production, product innovation, and management through AI[7]. - The company emphasizes maximizing overall corporate value while implementing the "Screen IoT" strategic development system for high-quality growth[7]. Innovation and Technology - The company successfully produced the industry's first 2.4m×1.2m perovskite solar cell sample, achieving top-level conversion efficiency[7].

（2025 年 1 月） （2025 年 1 月 14 日，经公司第十一届董事会第一次会议审议通过） 第一章 总 则 京东方科技集团股份有限公司 董事会提名薪酬考核委员会组成及议事规则 第一条 为规范京东方科技集团股份有限公司（以下简称"公司"）董事会 提名薪酬考核委员会(以下简称"委员会")成员组成和议事规则，规范公司治理 结构，规范董事的产生、董事及高级管理人员的考核和薪酬管理，根据《中华人 民共和国公司法》、《上市公司治理准则》、《深圳证券交易所股票上市规则》、《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》、《京东 方科技集团股份有限公司章程》（以下简称"《公司章程》"）及其他有关规定制定 本规则。 第二条 委员会是董事会下设立的专门工作机构，主要负责公司董事和高 级管理人员的提名、薪酬和业绩考核等事项的审核，对董事会负责。 第三条 本规则是委员会及委员会会议议事的行为准则，其内容适用于全 体委员会委员及其他委员会会议参加人。 第二章 人员组成 第四条 委员会由不超过五名董事组成，其中独立董事委员应占多数。委员 会可以根据需要聘请相关专家提供专业意见及建议。 第五条 委员会委 ...

京东方科技集团股份有限公司 执行委员会组成及议事规则 （2025 年 1 月） （2025 年 1 月 14 日，经公司第十一届董事会第一次会议审议通过） 第一章 总 则 第一条 为进一步完善公司治理，推动经营战略快速有效执行和事业计划 目标任务的圆满达成，根据《京东方科技集团股份有限公司章程》规定，京东方 科技集团股份有限公司（以下简称"公司"）设立执行委员会（以下简称"执委 会"），对董事会负责。 第二条 本规则是执委会的组成及会议议事的行为准则，适用于全体执委 会委员。 第二章 人员组成 第三条 执委会由公司首席执行官（CEO）、首席运营官（COO）、首席财务官 等高级管理人员组成。根据工作需要，经执委会主席指定，其他专业负责人可列 席会议。执委会办公室设在集团办公室。 第四条 执委会设主席一名，副主席一至两名。执委会主席由董事长提名， 执委会副主席和委员由执行委员会主席提名，报董事会批准。 第五条 执委会任期与董事会任期一致，执委会委员任期届满，可以连选连 任。 第三章 职责权限 第六条 执委会的主要职责权限包括： （二）每次交易金额在 10 亿元人民币（境内）或 1 亿美元（境外）以下的 购买或出售 ...

京东方科技集团股份有限公司 执行委员会主席工作细则 （2025 年 1 月） （2025 年 1 月 14 日，经公司第十一届董事会第一次会议审议通过） 第一章 总 则 第一条 为进一步完善京东方科技集团股份有限公司（以下简称"公司"）治 理结构，规范运营，依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》、《上市公司治理准则》、《深圳证券交易所上市公司自 律监管指引第 1 号——主板上市公司规范运作》、《京东方科技集团股份有限公司 章程》（以下简称"《公司章程》"）、《京东方科技集团股份有限公司执行委员会组 成及议事规则》及公司运营管理的有关规定，制订本细则。 第二条 执行委员会（以下简称"执委会"）主席主持公司日常经营和管理工 作，组织落实董事会和执委会决议、向董事会汇报、对董事会负责。 第二章 执委会主席的任职资格和任免程序 第三条 执委会主席任职应当具备以下条件： 第四条 执委会主席为自然人，有下列情形之一的，不能担任公司的执委会主 席： （一）无民事行为能力或者限制民事行为能力； （二）因贪污、贿赂、侵占财产、挪用财产或者破坏社会主义市场经济秩序， 被判处刑罚，执行期 ...

| 第一章 | 总 | 则 3 | | --- | --- | --- | | 第二章 | | 经营宗旨和范围 4 | | 第三章 | 股 | 份 4 | | 第一节 | | 股份发行 4 | | 第二节 | | 股份增减和回购 5 | | 第三节 | | 股份转让 6 | | 第四章 | | 股东和股东大会 7 | | 第一节 | | 股东 7 | | 第二节 | | 股东大会的一般规定 9 | | 第三节 | | 股东大会的召集 11 | | 第四节 | | 股东大会的提案与通知 12 | | 第五节 | | 股东大会的召开 14 | | 第六节 | | 股东大会的表决和决议 17 | | 第五章 | | 董事会 20 | | 第一节 | | 董 事 20 | | 第二节 | | 董事会 23 | | 第六章 | | 公司管理层 28 | | 第七章 | | 监事会 30 | | 第一节 | | 监 事 30 | | 第二节 | | 监事会 31 | | 第八章 | | 财务会计制度、利润分配和审计 32 | | 第一节 | | 财务会计制度 32 | | 第二节 | | 内部审计 35 | | 第三节 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2025-006 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2025-006 | 京东方科技集团股份有限公司 第十一届监事会第一次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 京东方科技集团股份有限公司（以下简称"公司"）第十一届监事会 第一次会议于 2025 年 1 月 3 日以电子邮件方式发出通知，2025 年 1 月 14 日（星期二）以现场与通讯结合方式在公司会议室召开。 第十一届监事会第一次会议决议。 特此公告。 附件：监事会主席简历 公司监事会共有监事 5 人，全部出席本次会议，其中，监事宋立功先 生以通讯表决方式出席会议。 本次会议的通知、出席及表决均符合《中华人民共和国公司法》和《京 东方科技集团股份有限公司章程》（以下简称"《公司章程》"）等有关规定， 会议由王谨女士主持。 一、会议审议并通过了《关于选举第十一届监事会主席的议案》： 根据《公司章程》、《监事会议事规则》及 ...