6.3.3相关规则，本次交易构成关联交易。 2、本次关联交易已经公司董事会独立董事专门会议审议通过， 全体独立董事同意将本次关联交易提交董事会审议。 | 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2024-079 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2024-079 | 京东方科技集团股份有限公司 关于电控产投拟投资显智链二期基金及显智链企业 管理中心暨关联交易的公告 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。 2023 年 11 月，京东方科技集团股份有限公司（以下简称"京东 方"、"公司"）通过下属子公司京东方创新投资有限公司（以下简称"京 东方创投"）出资 9.9 亿元人民币与滁州政府投资平台等设立北京显 智链二期创业投资基金(有限合伙）(以下简称"显智链二期基金"或"基 金")，且在 2023 年 9 月通过全资孙公司天津京东方创新投资有限公 司（以下简称"天津京东方创投"）出资 350 万元与北京益新创业投资 管理有限公司(以下简 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2024-078 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2024-078 | 京东方科技集团股份有限公司 第十届监事会第十四次会议决议公告 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"）第十届监事会第 十四会议于 2024 年 12 月 13 日以电子邮件方式发出通知，2024 年 12 月 23 日（星期一）以现场与通讯结合方式召开。 公司监事会共有监事 7 人，全部出席本次会议，其中，监事时晓东先 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》（以 下简称"《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，会议由监事会主席王谨女士主持。 一、会议审议并通过了如下议案： （一）关于修订《监事会议事规则》的议案 为进一步建立健全内部管理机制，公司根据战略发展需要及《公司法》、 ...

Group 1: Industry Overview - The LCD industry has seen a gradual release of capacity, with a significant increase in the concentration of production among Chinese manufacturers, leading to improved supply dynamics [1] - The overall health of the global LCD industry, particularly in the TV sector, has improved, resulting in reduced volatility and steady enhancement of profitability for manufacturers [1] Group 2: Demand and Market Trends - Since Q3 2024, the "trade-in" policy has stimulated domestic TV consumption, particularly for large-screen TVs (75 inches and above), with significant sales growth [2] - The IT sector's demand remains relatively flat, but is expected to see year-on-year growth driven by e-sports demand and the "trade-in" policy [2] - The smartphone market is recovering, with increasing penetration of flexible AMOLED products and sustained growth in high-end foldable devices [2] Group 3: Pricing and Production Efficiency - LCD TV prices stabilized in October 2024, with potential price increases for certain large-screen products due to the "trade-in" policy [2] - The industry utilization rate for LCD production decreased in Q3 but rebounded to over 80% in November, reflecting a gradual recovery in end-user demand [2] Group 4: Depreciation and Future Projections - The depreciation of OLED production lines is expected to increase slightly due to the completion of several production line transitions, with minimal fluctuations anticipated in 2024 and 2025 [3] - Starting in 2026, overall depreciation is projected to decline as the company continues to optimize product structure and improve operational efficiency [3]

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2024-076 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2024-076 | 京东方科技集团股份有限公司 关于部分股票期权注销和部分限制性股票 回购注销完成的公告 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。 特别提示： 1、本次注销 143 名激励对象已获授但尚未行权的股票期权数量共计 20,684,045 股，本次注销完成后，已授予但尚未行权的股票期权数量调整 为 351,101,944 股。 2、本次回购注销 36 名激励对象已获授但尚未解锁的限制性股票数量 共 4,965,213 股，回购价格为 2.319 元/股。 3、2024 年 12 月 9 日，公司在中国证券登记结算有限责任公司深圳 分公司办理完成了本次激励计划的 20,684,045 股股票期权的注销工作及 4,965,213 股限制性股票的回购注销工作。 一、本次激励计划的实施情况 （一）本次激励计划已履行的相关审批程序 1、2 ...

二、董事候选人提名（董事候选人提名表样本见附件） 1、非独立董事候选人提名 | 证券代码：000725 证券简称：京东方 | A | 公告编号：2024-074 | | --- | --- | --- | | 证券代码：200725 证券简称：京东方 | B | 公告编号：2024-074 | 京东方科技集团股份有限公司 关于董事会换届选举的提示性公告 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"或"京东方"）第 十届董事会任期临近届满。为了顺利完成董事会的换届选举（以下简 称"本次换届选举"），公司董事会根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《深圳证券交易所股票上市规则》（以下简称"《股 票上市规则》"）、《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，将第十一届董事会组成、董事候选人提名、 本次换届选举程序、董事任职资格等事项公告如下： 一、第十一届董事会组成 根据现行《公司章程》规定，公司第十一届董事会应由 11 名董 事组成，其中独立董事 4 名，董事任期自 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2024-075 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2024-075 | 京东方科技集团股份有限公司 关于监事会换届选举的提示性公告 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、误导性陈述或者重大遗漏。 1、股东监事候选人提名（股东监事候选人提名表样本见附件） 1 公司监事会及本公告发布之日单独或合计持有公司发行在外有 表决权股份总数百分之三以上的股东有权向第十届监事会书面提名 推荐第十一届监事会股东监事候选人。 2、职工监事候选人产生 职工监事由公司职工代表大会或其他形式民主选举产生。 京东方科技集团股份有限公司（以下简称"公司"或"京东方"）第 十届监事会任期临近届满。为了顺利完成监事会的换届选举（以下简 称"本次换届选举"），公司监事会根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《深圳证券交易所股票上市规则》（以下简称"《股 票上市规则》"）、《京东方科技集团股份有限公司章程》（以下简称"《公 司 ...

| 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2024-073 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2024-073 | 京东方科技集团股份有限公司 关于回购部分社会公众股份事项的进展公告 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。 截至 2024 年 11 月 30 日，公司通过回购专用证券账户，以集中 竞价方式实施回购公司股份，累计回购 A 股数量为 47,233,100 股， 占公司 A 股的比例约为 0.1278%，占公司总股本的比例约为 0.1255%， 本次回购最高成交价为 4.38 元/股，最低成交价为 4.22 元/股，支付总 金额为 201,971,182 元（不含交易费用）。公司上述回购符合相关法 律法规的要求，符合公司既定的回购方案。 二、其他说明 1 公司回购股份的时间、回购股份数量、回购股份价格及集中竞 价交易的委托时段符合《回购指引》的相关规定。 1、公司未在下列期间回购股份： 京东方科技集团股份有限公司(以下简 ...

Group 1: Market Outlook and Production Capacity - The LCD industry has seen a significant increase in concentration due to the exit of some overseas manufacturers, leading to improved supply dynamics [1] - The production capacity utilization rate in the LCD industry decreased in Q3 but showed improvement in November as end-user demand gradually recovered [2] - The company anticipates stable LCD product prices in Q4, supported by the "old-for-new" policy stimulating domestic brand procurement [1] Group 2: AMOLED Production Line Investment - The company announced the investment in the 8.6 generation AMOLED production line in November last year to meet the demand for high-end touch OLED displays [2] - The project aims to produce high-end touch OLED displays for laptops and tablets, utilizing LTPO backplane technology for lower power consumption and longer lifespan [2] - The project is expected to achieve mass production by the end of 2026, enhancing the company's competitiveness in the semiconductor display industry [2] Group 3: Investment in Perovskite Solar Technology - The company is entering the perovskite photovoltaic sector due to the promising growth prospects in the new energy industry and the similarity in technology with semiconductor displays [3] - The company plans to leverage its accumulated expertise in optoelectronic conversion technology from the OLED display sector to accelerate the development of perovskite solar technology [3] - Future investments will focus on enhancing research and development in perovskite technology to achieve higher efficiency and longer lifespan [3] Group 4: Depreciation and Capital Expenditure - The company expects a slight increase in overall depreciation in the second half of the year due to the completion of several AMOLED production lines [3] - Future capital expenditures will primarily focus on the semiconductor display business, aligning with the company's strategic plan [4] - The company aims to optimize production line structures and improve operational efficiency to enhance profitability [3]

Investment Rating - The report assigns a "Buy" rating to the company, with a target price of 5.27 CNY per share, based on a projected PB of 1.5 times for 2024 [5][19]. Core Insights - The company achieved total revenue of 143.73 billion CNY in the first three quarters of 2024, representing a year-on-year growth of 13.61%. The net profit attributable to shareholders was 3.31 billion CNY, up 223.80% year-on-year [2][3]. - The company is optimizing its LCD product structure while increasing its OLED shipment volume. It maintains the global leading position in the shipment of large-size LCD products (≥85") and has made significant progress in flexible OLED products [3][10]. - The subsidiary, BOE Energy, is set to be listed on the New Third Board, which is expected to enhance the company's market competitiveness in the energy IoT sector and attract more investors [3][10]. Financial Forecasts - The company is projected to have EPS of 0.12, 0.24, and 0.32 CNY per share for the years 2024 to 2026, respectively. The BPS for 2024 is estimated at 3.51 CNY per share [19]. - Revenue growth rates for the display device business are expected to be 14%, 12%, and 10% from 2024 to 2026, with corresponding gross margins of 14%, 15%, and 16% [15][19]. - The IoT innovation business is anticipated to grow at rates of 11%, 10%, and 10% over the same period, maintaining a gross margin of 10% [16][19]. Business Segments - In the display device segment, the company continues to solidify its leading position in semiconductor displays, focusing on high-quality products across various applications, including mobile devices and TVs [10][15]. - The IoT innovation business is expanding its global footprint, with significant projects underway in Vietnam and various smart solutions being implemented in financial and industrial sectors [16][19]. - The sensor and solution segment is seeing breakthroughs in market expansion and product development, particularly in medical imaging and automotive applications [17][19]. - The MLED segment is enhancing its competitive edge through high-quality product offerings in outdoor and commercial display markets [18][19].

证券时报e公司讯，京东方A11月22日在机构调研时表示，公司布局钙钛矿光伏行业的原因主要有两 点，一是新能源行业在未来仍有良好的发展前景和广阔的发展空间，有足够的市场容量支持公司的持续 增长；二是从技术原理、器件结构、制造工艺、材料特性等方面，钙钛矿光伏电池与半导体显示有较高 的相似性。 公司能够将在半导体显示产业尤其是OLED显示产业发展过程中积累的光电转化技术以及在制造工艺、 材料应用等方面的积累快速复用到钙钛矿光伏的研发、生产、制造中，结合公司大规模制造精益管理能 力，构建公司的竞争优势。 此外，公司下属子公司京东方能源在光伏应用端也有广泛的布局，与钙钛矿光伏项目能够产生良性的互 动，加快公司新能源相关业务的成长。 ...