Core Insights - The BOE Global Innovation Partner Conference 2025 was held in Beijing, focusing on the theme "AI Renewal in Screen IoT" [1] - BOE's Chairman Chen Yanshun emphasized the dual explosion of AI technology and industry penetration over the past year, further elaborating on the "N Curve" theory which guides enterprises through cycles and self-evolution [1][2] - The company aims to establish itself as a benchmark for "AI+" applications, leveraging AI to empower high-quality industry development [1] Group 1: Strategic Development - BOE's sustainable development strategy includes six pillars: open innovation, environmental sustainability, win-win ecology, people-oriented approach, ethical management, and future benefits [1][2] - The "ONE" sustainable development brand aims to create an organic system driven by open innovation and sustainable value creation [2] - The AI factory, driven by next-generation AI, focuses on six application areas to enhance operational efficiency and manufacturing processes [2] Group 2: Technological Innovation - The Blue Whale Display Model is designed for the display industry, featuring high precision and strong reasoning capabilities, providing intelligent solutions across various business sectors [3] - The conference showcased numerous AI applications, including digital hosts, AI simultaneous translation, inspection robots, and immersive VR experiences, highlighting BOE's capabilities in AI technology [3] - BOE integrates sustainable development into all aspects of the conference, promoting green development within the industry ecosystem [3][4] Group 3: Industry Collaboration - BOE launched a joint sustainable development initiative with partners like Hisense, Meta, and Lenovo, emphasizing collaboration for ecological win-win outcomes [4] - The conference featured over 200 cutting-edge display technologies and numerous new products, showcasing innovations in fields such as the metaverse and smart transportation [4]

Group 1 - Meta Connect 2025 is scheduled for September 17-18, 2025, where CEO Mark Zuckerberg will discuss the latest developments in AI glasses and Meta's vision for AI and the metaverse [1] - The market anticipates the release of new AI glasses, which are expected to be a catalyst for the consumer electronics sector, alongside potential product launches from ByteDance and Alibaba within the year [1] - As of September 17, 2025, the CSI Consumer Electronics Theme Index (931494) rose by 0.09%, with notable increases in stocks such as Sanan Optoelectronics (300408) up 7.38% and Dongshan Precision (002384) up 3.00% [1] Group 2 - As of August 29, 2025, the top ten weighted stocks in the CSI Consumer Electronics Theme Index (931494) include Cambricon (688256) and Luxshare Precision (002475), accounting for 54.8% of the index [2] - The Consumer Electronics ETF (561600) includes various fund links, such as Ping An CSI Consumer Electronics Theme ETF Initiated Link A (015894) and C (015895) [2]

Group 1 - The company has signed a strategic cooperation framework agreement with BOE Technology Group, establishing a partnership focused on OLED technology [4][5] - The collaboration will cover four core areas, including the supply of OLED organic materials and evaporation source equipment, ensuring supply security and promoting innovation in key equipment technologies [5] - The company has secured a contract worth approximately 655 million yuan for the supply of linear evaporation sources for BOE's 8.6-generation OLED production line, with the first batch of equipment successfully delivered [5] Group 2 - The company plans to raise up to 299.86 million yuan through a private placement to expand its PSPI material production capacity, with total project investment estimated at 240 million yuan [6] - The revised private placement will have a share price of 17.20 yuan, with approximately 17.43 million shares to be issued, accounting for 7.0% of the pre-issue total share capital [6] - The issuance will include institutional investors with industrial capital backgrounds, in addition to individual investors and fund companies [6]

Group 1: Economic Overview - In August, fixed asset investment cumulative year-on-year growth rate continued to decline, with significant decrease in infrastructure investment [4] - Industrial production slowed down in August, and social consumption growth was weaker than seasonal trends [4] - The current funding environment is relatively loose, but the fundamentals need improvement; the bond market is becoming more attractive with a projected 10Y government bond yield central fluctuation at 1.7% [4] Group 2: Real Estate and Construction - In August, the decline in new house prices across major cities continued to narrow, indicating a stabilization trend [5] - The National Development and Reform Commission signed multiple cooperation documents related to the "Belt and Road" initiative with several countries [5] Group 3: Company Updates - China Resources Land (1109.HK) reported a contract sales amount of 13.2 billion yuan in August, a year-on-year decrease of 13.2%, with a total of 136.8 billion yuan for the first eight months, down 12.0% year-on-year [6] - Aolaide (688378.SH) signed a strategic cooperation framework agreement with BOE Technology Group, establishing a partnership for comprehensive collaboration in equipment and materials [6] - Tuobang Co., Ltd. (002139.SZ) continues to see revenue growth and has a broad growth space, leveraging its technology matrix in various sectors including smart control solutions and digital energy [6]

Core Viewpoint - BOE reported strong financial performance for the first half of 2025, with revenue exceeding 101.27 billion RMB and a net profit of 3.25 billion RMB, reflecting year-on-year growth of 8.45% and 42.15% respectively [1] Group 1: Financial Performance - In the first half of 2025, BOE achieved revenue of 101.27 billion RMB and a net profit of 3.25 billion RMB, marking year-on-year increases of 8.45% and 42.15% [1] - The company emphasized that the LCD industry has entered a weak cycle of development, with a positive outlook for the next three years due to factors such as the exit of old capacity and increasing average TV sizes [1] Group 2: Product Performance - BOE maintained its position as the global leader in the shipment of five major LCD applications, with significant growth in LCD oxide, 75-inch and larger products, and automotive displays [1] - The OLED segment saw shipments exceed 71 million units in the first half of 2025, growing by 7.5% year-on-year, outperforming the industry growth rate of over 4% [1] Group 3: Innovation and Strategic Focus - BOE is focusing on innovative business areas such as perovskite technology and glass-based packaging substrates, with stable efficiency achieved in pilot lines and a breakthrough in power generation efficiency exceeding 18% [2] - The company is transitioning from large-scale capacity construction to high-quality operational development, with a focus on technology enhancement and efficiency improvement [2] Group 4: Shareholder Returns - BOE has announced a shareholder return plan for the next three years, committing to distribute no less than 35% of the annual net profit in cash and to allocate at least 1.5 billion RMB for share buybacks [3] - In the first half of 2025, BOE completed a profit distribution of 1.87 billion RMB and repurchased approximately 700 million RMB worth of shares [3]

Core Viewpoint - BOE Technology Group has demonstrated strong financial performance in the first half of 2025, with significant revenue and profit growth, reflecting its resilience and high-quality development in the display industry [1][5]. Financial Performance - In the first half of 2025, BOE achieved operating revenue of 101.278 billion yuan, a year-on-year increase of 8.45% [1]. - The net profit attributable to shareholders reached 3.247 billion yuan, marking a year-on-year growth of 42.15% [1]. Industry Trends - The LCD industry is expected to maintain a stable upward trend over the next decade, driven by the exit of outdated production capacity and the increasing average size of televisions [3]. - BOE's LCD business is projected to continue providing stable cash flow, serving as a cornerstone for the company's high-quality development [3]. Product Performance - According to Omdia, BOE ranked first globally in the shipment volume of five major LCD applications in the first half of 2025 [5]. - The company also leads in the shipment of LCD oxide, products over 75 inches, and automotive displays [5]. - BOE's OLED business saw a shipment of over 71 million units, a year-on-year increase of 7.5%, outperforming the industry average and maintaining its position as the largest in China and second globally [5]. Strategic Innovations - BOE is actively pursuing strategic innovation in perovskite technology and glass-based packaging substrates, leveraging its expertise in the display sector [6]. - The perovskite photovoltaic pilot line has achieved a power generation efficiency exceeding 18%, with ongoing efforts to enhance performance [6]. - The glass-based packaging substrate pilot line commenced operations five months ahead of schedule, producing large-sized glass substrates that significantly improve integration for next-generation semiconductor packaging [6]. Capital Strategy - The company is transitioning from a phase of large-scale capacity construction to one focused on high-quality operational development [6]. - BOE expects depreciation and capital expenditures to gradually decline post-2025, allowing for a focus on technological value addition and efficiency improvement [6]. - The company aims to maintain an annual healthy operating cash flow of approximately 50 to 60 billion yuan and will optimize its capital strategy to enhance shareholder returns [6].

第一章 总 则 第一条 为明确京东方科技集团股份有限公司（以下简称"公司"）股东会 的职责权限，规范其运作程序，保证股东会依法行使职权，根据《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》（以下简称"《证 券法》"）、《上市公司股东会规则》、《深圳证券交易所股票上市规则》（以下简称 "《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》（以下简称"《监管指引第 1 号—规范运作》"）及《京东方科 技集团股份有限公司章程》（以下简称"《公司章程》"）的规定，制定本规则。 第二条 本规则自生效之日起，即成为规范公司股东会的组织与行为，规范 公司股东权利与义务的具有法律约束力的文件。 京东方科技集团股份有限公司 股东会议事规则 （2025 年 9 月 16 日经公司 2025 年第二次临时股东大会审议通过） 第三条 股东会由公司全体股东组成，是公司的最高权力机构。股东会应当 在《公司法》和《公司章程》规定的范围内行使职权。 公司不得通过授权的形式由董事会或其他机构和个人代为行使《公司法》规 定的股东会的法定职权。股东会授权董事会或其他机构和个 ...

| | | 第一章 总 则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组织和 行为，根据《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》（以下简称《证券法》）和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司（以下 简称公司）。 公司由原北京电子管厂及其创业员工作为主发起人，经北京市经济体制改革 办公室以京体改办字(1992)第 22 号文批准，于 1993 年 4 月 9 日以定向募集方式 设立，后按《公司法》进行规范，1997 年 1 月 27 日，北京市人民政府办公厅京 政办函(1997)14 号文批准公司重新登记，后经国务院证券委员会和北京市人民 政府批准，公司于 1997 年 5 月 21 日公开发行人民币特种股票（"境内上市外资 股"），依法转为募集的股份有限公司；在北京市朝阳区市场监督管理局注册登 记，取得营业执照，统一社会信用代码 911100001011016602。 第三条 公司于 1997 年 5 月 19 日经国务院证券委员会证委发[1997]32 号 批准，首次向境外投资人发行的以外币认购并且在境内上 ...

第四条 制定本规则的目的是规范公司董事会工作程序，提高董事会工作效 率和科学决策的水平。 第五条 董事会每年度至少召开两次会议，如有必要或根据国家有关法律、 法规、《公司章程》和本规则的有关规定，可召开董事会临时会议。 京东方科技集团股份有限公司 董事会议事规则 （2025 年 9 月 16 日经公司 2025 年第二次临时股东大会审议通过） 第一章 总 则 第一条 为规范和完善京东方科技集团股份有限公司（以下简称"公司"、 "本公司"）的公司治理，保证公司经营管理工作的顺利进行，根据《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》、《深圳证券交易所股票上市规则》（以下简称"《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》（以下简 称"《监管指引第 1 号—规范运作》"）和《京东方科技集团股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，并结合公司的实际情况，制定本规则。 第二条 董事会是公司经营管理的决策机构，维护公司和全体股东的利益， 负责公司发展目标和重大经营活动的决策。 第三条 本规则是董事会及 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2025-070 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2025-070 | 京东方科技集团股份有限公司 董 事 会 2025 年 9 月 16 日 1 因 公 司 注 销 库 存 股 及 回 购 注 销 限 制 性 股 票 ， 股 份 总 数 由 37,645,016,203股减少至37,413,880,464股，注册资本由37,645,016,203元减 少至37,413,880,464元。同时，为深入贯彻落实新修订的《中华人民共和 国公司法》，推动上市公司优化公司治理机制，提高规范运作水平，公司 根据中国证监会和深圳证券交易所最新制度要求对《京东方科技集团股份 有限公司章程》（以下简称"《公司章程》"）部分内容进行修订，具体 内容详见与本公告同日披露的《公司章程》。同时公司调整了公司治理架 构，不再设置监事会和监事，由董事会风控和审计委员会行使《公司法》 规定的监事会的职权，相应废止《监事会议事规则》。 本次变更事项已经公司2025年第二次临时 ...