Core Points - 京东方科技集团股份有限公司 has completed the registration capital change and company charter filing as of September 29, 2025 [1] - The company's registered capital has been reduced from 37,645.016203 million to 37,413.880464 million [1] - The changes were approved during the 11th Board of Directors' eighth meeting on August 26, 2025, and the second extraordinary shareholders' meeting on September 16, 2025 [1] Summary by Sections - **Company Registration Change** - 京东方 completed the business registration change and company charter filing [1] - The new business license was issued by the Beijing Chaoyang District Market Supervision Administration [1] - **Capital Adjustment** - The registered capital decreased from 37,645.016203 million to 37,413.880464 million [1] - Other information in the business license remains unchanged [1] - **Approval Process** - The changes were discussed and approved in the board meeting and shareholders' meeting [1]

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2025-072 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2025-072 | 2025 年 9 月 29 日 1 近日，公司完成了注册资本的工商变更登记和公司章程备案，取 得北京市朝阳区市场监督管理局换发的《营业执照》，公司的注册资 本已由 3,764,501.6203 万元变更为 3,741,388.0464 万元。 公司营业执照中其他信息保持不变。 特此公告。 京东方科技集团股份有限公司 董 事 会 京东方科技集团股份有限公司 关于公司完成工商变更登记的公告 本公司及董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"）于 2025 年 8 月 26 日召开第十一届董事会第八次会议，并于 2025 年 9 月 16 日召 开了 2025 年第二次临时股东大会，审议通过了《关于变更公司注册 资本及修订<公司章程>及其附件的议案》。具体内容详见公司于 2025 年 8 ...

Core Viewpoint - The display industry is entering a rebalancing phase, with ongoing adjustments and optimizations in supply and demand dynamics [1] Industry Trends - The supply side is transitioning into a stock era, while the demand side is experiencing accelerated inventory destocking [1] - The industry landscape is being reshaped, shifting focus from "scale and market share" to "high profitability, high technology, and high added value" [1] - The industry is moving towards high-quality development through "demand-driven production" [1] Product Trends - LCD technology will remain the mainstream application in the medium to long term for the display industry [1] - The demand structure for LCD is continuously optimizing, with a strong trend towards larger TV sizes and innovations in high-resolution and high-refresh-rate products [1] - The OLED market is also expanding, particularly in the high-end segments, with increasing shipments of LTPO and more opportunities in the IT and automotive mid-size markets [1]

Core Viewpoint - BOE Technology Group announced the investment in an 8.6-generation AMOLED production line to meet the growing demand for flexible AMOLED displays in high-end IT products, enhancing its competitiveness in the semiconductor display industry [1] Group 1: Investment and Production Plans - The company plans to invest in the construction of an 8.6-generation AMOLED production line, which will primarily produce high-end touch OLED displays for laptops and tablets [1] - The project is set to break ground in March 2024 and is expected to be completed by the end of 2026, allowing the company to synchronize with international peers and capture the high-end market [1] Group 2: Market Trends and Product Advantages - Flexible AMOLED products are expected to see increased penetration in various applications, including NB (notebooks), TPC (tablet PCs), and automotive products, due to their superior display quality and lightweight form factor [1] - The unique advantages of flexible AMOLED technology, such as foldability and curvability, position it as a significant choice for high-end IT products [1]

Core Viewpoint - BOE Technology Group announced on September 29 that industry players are continuously implementing a "demand-driven production" strategy, flexibly adjusting production line utilization rates based on market demand changes [1] Group 1: Market Demand and Production Strategy - In the first quarter, driven by strong export demand and the "old-for-new" policy, overall terminal demand was robust, leading to high utilization rates across the industry, with mainstream LCD TV panel prices rising across the board [1] - In the second quarter, changes in the international trade environment and policy effects led to a cooling of panel procurement demand, prompting companies to quickly adjust their utilization rates in response to demand changes [1] - Since the third quarter, as the trend of inventory reduction among manufacturers has ended, the demand for panel stocking in the peak season has gradually recovered, resulting in a recovery of industry utilization rates, while some LCD TV panel prices stabilized after a slight decline [1] Group 2: Price Trends - For LCD IT, the prices of MNT and NB panels have remained stable overall [1]

Core Viewpoint - BOE Technology Group announced its revenue distribution for display components in the first half of 2025, highlighting the contributions from various product categories [1] Revenue Breakdown - The revenue share for TV products is projected to be 27% [1] - The revenue share for IT products is projected to be 37% [1] - The revenue share for LCD mobile phones and other products is projected to be 12% [1] - The revenue share for OLED products is projected to be 24% [1]

Core Viewpoint - BOE Technology Group announced that all four 8.5-generation production lines in Beijing, Hefei, Chongqing, and Fuzhou have fully depreciated as of now [1] Group 1: Production Lines and Depreciation - The company has completed the fixed asset transition for the sixth-generation AMOLED production lines in Chengdu (B7), Mianyang (B11), and Chongqing (B12) [1] - The depreciation is expected to peak in 2025 as new projects transition to fixed assets and mature production lines reach the end of their depreciation period [1] Group 2: Operational Efficiency - The company will continue to optimize product line positioning to enhance operational efficiency and improve profitability [1]

Core Viewpoint - BOE Technology Group announced on September 29 that its LCD production lines have transitioned from a phase of rapid expansion to a mature stage, with future capital expenditures aligning with the company's strategic planning [1] Group 1: Strategic Focus - The company is committed to its "Screen IoT" strategy, focusing on its core business and directing capital expenditures primarily towards semiconductor display operations [1] - The company aims to extend its value chain and core capabilities by investing in four high-potential areas: IoT innovation, sensing technology, MicroLED (MLED), and smart medical engineering [1] Group 2: Capital Expenditure Direction - Future capital expenditures will include new projects, payments for existing projects, and maintenance of current production lines [1]

Core Viewpoint - BOE Technology Group has established a strong position in the flexible AMOLED market, with significant production capacity and technological advantages, while also expanding into automotive and IT applications to meet market demands [1] Group 1: Market Position and Performance - The company has built a comprehensive customer base covering major top smartphone brands in the flexible AMOLED sector [1] - BOE's OLED market share continues to increase, with shipments expected to exceed 71 million units in the first half of 2025, representing a year-on-year growth of 7.5% [1] - The company ranks first in domestic shipments and second globally in the OLED market [1] Group 2: Challenges and Opportunities - Despite the growth in shipments, the company faces challenges related to market competition and short-term depreciation pressures, which may impact profitability [1] - The company is actively pursuing opportunities in mid-size innovative applications to align with downstream customer needs [1]

此外，李锐升已获委任为首席财务官；陈家杰已获委任为公司秘书及授权代表，均自2025年9月29日起 生效。 格隆汇9月29日丨京东方精电(00710.HK)发布公告，因钟启昌个人原因，已请辞公司首席财务官、公司 秘书及授权代表，自2025年9月29日起生效。 ...