Core Viewpoint - BOE Technology Group faces significant challenges in the OLED segment due to changes in the international competitive environment and domestic market dynamics [1] Group 1: Market Challenges - The company acknowledges substantial resistance in the development of OLED technology this year [1] - The international competition landscape has changed dramatically over the past couple of years, leading to various pressures on the company [1] - Domestic market product shipment structures have shifted due to factors like national subsidies, favoring higher cost-performance products [1] Group 2: Company Response - The company is actively responding to these challenges through structural adjustments [1] - Achieving the initial annual targets is considered a significant challenge for the company [1] - Despite the challenges, the company believes that achieving double-digit growth compared to the same period last year is feasible [1]

在"第N曲线"指导下，京东方"屏之物联"战略发展体系日益完善，为企业穿越周期、高质发展指明航 向。未来在AI技术的加持下，京东方也将以自身实践为范本，树立起能借鉴、可复制的"AI+"应用标杆 典范，以AI焕新之力全面赋能行业高质发展。 9月11日，以"屏之物联 AI焕新"为主题的京东方全球创新伙伴大会2025（BOE IPC 2025）在北京开幕。 京东方去年提出企业升维的"第N曲线"理论。京东方董事长陈炎顺表示，过去的一年，AI迎来了技术跃 迁与产业渗透的双重爆发。在AI赋能持续深化的趋势下，京东方进一步阐释了"第N曲线"的深层内 涵。"第N曲线"理论是指导企业穿越周期、跳出企业兴衰命运的普适规律，是基于企业核心优势，并与 市场机遇契合的自我进化系统，是企业不断进取，迭代增长，实现生态化发展的必由之路。 他表示，依托京东方发布的"ONE"可持续发展品牌，构建一个以"开放创新"为基因、以可持续价值创造 为目标的有机体系。通过"开放创新"赋能并驱动四大基础支柱，不断夯实可持续发展的运营根基和能 力，最终通过"创益未来"实现商业价值与可持续价值的统一，让可持续发展成为京东方的核心竞争力 和"第N曲线"新增长极，推 ...

京东方在业绩说明会上表示，我们1.2米、2.4米中试线的效率稳定性已经通过了ITC的认证，在一年前 我还担心钙钛矿的不稳定性寿命是问题，其实我们现在可以比较自信地说其实钙钛矿光伏的寿命稳定性 已经不是大问题了，基本上是有保障的。剩下的要去突破的就是我们不断地去努力在效率上，我们也有 信心在今年要用我们的试验线去挑战世界纪录，我们很自信在这个行业里面我们是走在第一方阵的。 ...

Core Viewpoint - BOE Technology Group indicated that since June, there has been pressure on LCD prices, particularly for TVs, which may lead to adjustments in production plans [1] Group 1: Market Conditions - LCD prices, especially for TVs, have faced some pressure since June [1] - Some competitors have announced production adjustments, indicating a broader trend in the industry [1] Group 2: Company Strategy - BOE will consider implementing appropriate production adjustments based on its own demand situation [1] - The adjustments aim to complete internal factory restructuring while ensuring relative market stability [1]

Business Performance - The company achieved a steady growth in overall performance, with LCD business maintaining the highest global shipment volume in five mainstream application products [1][2] - LCD revenue share increased from 73% in 2024 to 76% in 2025, with IT products being the highest category [2] - OLED shipments exceeded 71 million units in the first half of 2025, marking a 7.5% year-on-year growth [2][31] Financial Highlights - The company reported a significant increase in net profit, with the Hefei G8.5 line and Chongqing G8.5 line net profits growing by 82% and 33% respectively [4] - Operating cash flow remained strong, estimated at approximately 50 to 60 billion RMB annually [12] - The company plans to maintain a cash dividend of no less than 35% of the net profit attributable to the parent company [41][43] Strategic Developments - The company is transitioning from large-scale capacity construction to high-quality operational development, focusing on technology value and efficiency improvement [4] - The "Screen IoT" strategy is being implemented to integrate display technology with IoT innovations, leading to significant revenue growth in related sectors [2] - The company is advancing its glass-based packaging substrate technology, with ongoing collaborations and product testing [23] Market Challenges - The company faces significant challenges in the OLED market due to increased international competition and changes in domestic market demand structures [31][39] - The overall industry growth rate is low, with the OLED market growing only 4% compared to the company's 7.5% growth [31] Future Outlook - The company aims to achieve an OLED shipment target of 170 million units for the year, although this goal is under pressure from market conditions [10][31] - The LCD market is expected to stabilize and potentially transition to a mild upward cycle by 2027, with a projected balance in supply and demand [21][22] R&D and Innovation - The company continues to invest heavily in R&D, with a focus on OLED and other advanced display technologies [4][8] - The development of the 8.6 generation OLED line is on track, with production expected to start in late 2025 [18][20]

Group 1 - The core theme of the BOE IPC·2025 summit is "Integration of Medicine and Engineering, Intelligent Innovation for the Future," focusing on the innovative ecosystem of health and medical integration [1] - BOE's Senior Vice President Zhang Tao emphasized that technological advancements are driving improvements in healthcare, marking the entry of the health industry into the 4.0 intelligent era, where AI and medical integration are transforming traditional treatment models [2][3] - The company is actively building a digital hospital system, aiming to create a "digital and visible BOE hospital," with a health big data platform managing nearly 5 billion data entries [3] Group 2 - BOE operates five digital hospitals and one integrated medical and nursing community, providing comprehensive health services to over 5 million customers, covering prevention, diagnosis, and rehabilitation [3] - The company is focusing on end-to-end innovation in health technology, with over 30 collaborative projects and more than 1,000 authorized patents, addressing industry pain points and contributing to the development of national and international standards [3] - The technology innovation exhibition showcased advanced medical technologies, including myopia prevention and smart diagnosis, highlighting BOE's commitment to enhancing healthcare service quality and accessibility through AI [4][5]

Core Viewpoint - BOE's revenue and net profit for the first half of the year have increased year-on-year, with significant improvements in operational efficiency for certain production lines, particularly in Hefei and Chongqing [2]. Group 1: Financial Performance - In the first half of the year, BOE's operating revenue and net profit attributable to shareholders have shown year-on-year growth [2]. - The net profit for the Hefei G8.5 line increased by 82%, while the Chongqing G8.5 line saw a 33% increase [2]. Group 2: LCD and OLED Business - The LCD revenue proportion increased from 73% in 2024 to 76% in 2025, driven by national subsidy policies and demand shifts, with IT products being the largest category [2]. - BOE shipped over 71 million OLED products in the first half of the year, marking a 7.5% year-on-year growth [2]. Group 3: Technology and Production Lines - The chairman of BOE, Chen Yanshun, discussed the trends in OLED technology, noting that the 6th generation lines predominantly use LTPO+LTPS processes, while the 8.x generation lines show some divergence [4]. - The 8.6 generation OLED production line is expected to produce products by October 2026, primarily targeting medium-sized panels while being compatible with smaller sizes [4]. Group 4: Capital Expenditure and Depreciation - The CFO of BOE, Yang Xiaoping, indicated that there will be no significant capital expenditure in the LCD sector, and limited expansion in OLED production is anticipated [7]. - The depreciation related to LCD is nearing completion, with a peak expected in 2025, after which depreciation will significantly decrease [7].

长江商报奔腾新闻记者 沈右荣 京东方A持续强化高质量专利布局，2025年上半年，公司新增专利申请超4000件，其中发明专利占比超 90%，海外专利占比超30%，柔性OLED、传感、人工智能、大数据领域专利申请超2000件，占比超 50%。公司连续7年进入IFI美国专利授权排行榜全球 TOP20；连续9年进入WIPO全球PCT专利申请 TOP10。 2024年，京东方A的营业收入为1983.81亿元。如果以此数据计算，那么，公司投入AI研发的资金或将 达到10亿元左右。 在AI方面，京东方A积极推动AI技术与生产运营深度融合，持续强化核心竞争优势。AI+制造领域，公 司已构建京东方显示工业大模型，依托大模型赋能，京东方在关键AI应用系统侧落地多项行业领先实 践：AI缺陷管理系统助力产线缺陷模型迭代及检测系统上线效率显著提升；AI良率管理系统（AYM） 对典型不良问题归因分析命中率已达行业领先水平，有效巩固了公司在显示制造领域竞争力；AI+运营 领域，在市场洞察、集成供应、经营管理等多个领域，智能化项目推进已取得关键进展。 陈炎顺还表示，京东方A将在全球多个地方设立营销和研发机构，并强化海外工厂布局，完善生态体 ...

Group 1 - The 2025 China International Fair for Trade in Services (CIFTIS) commenced in Beijing with the theme "Global Services, Mutual Benefit and Shared Development" [1] - BOE Technology Group showcased over ten globally launched perovskite photovoltaic products and various integrated energy solutions [1] - The "Zero Carbon House" was presented as a demonstration project for the comprehensive application of perovskite BIPV technology, integrating various perovskite components seamlessly into building structures [1] Group 2 - BOE exhibited the "NEW π Multimedia Charging Pile," which innovatively combines energy and media to redefine urban charging scenarios [2] - The charging pile features a flexible charging solution with a maximum output power of 250KW, emphasizing sustainable energy supply [2] - It includes two 55-inch high-definition screens and a 10.1-inch touchscreen, merging charging with outdoor digital advertising and interactive entertainment [2]

京东方董事长陈炎顺9月11日在京东方全球创新伙伴大会上透露，未来三年京东方将投入研发资金500亿 元、采购资金5000亿元，支持产业链技术突破和产业升级。京东方将在全球多个地方设立营销和研发机 构，并强化海外工厂布局，完善生态体系。京东方还将把营收中的0.5%用于AI研发，促进AI对制造、 产品、运营的赋能。此外，京东方已组建机器人团队，将围绕工厂场景来做机器人的制造与研发。（第 一财经记者 王珍） ...