Core Insights - BOE Technology Group Co., Ltd. (京东方Ａ) has filed an international patent application titled "Splicing Display Module and Display Device" with application number PCT/CN2025/084806, which is set to be published internationally on October 9, 2025 [1] Group 1: Patent Information - The company has announced a total of 828 international patent applications this year, representing an increase of 8.52% compared to the same period last year [4] - The recent patent application is part of the company's ongoing innovation efforts in the display technology sector [1] Group 2: R&D Investment - In the first half of 2025, the company invested 6.046 billion yuan in research and development, which is a year-on-year increase of 4.13% [4]

Group 1 - The core point of the article highlights that BOE Technology Group has increased its international patent applications to 828 this year, representing an 8.52% increase compared to the same period last year [3] - The company invested 6.046 billion yuan in research and development in the first half of the year, which is a 4.13% year-on-year increase [3]

Group 1 - The company, BOE Technology Group (京东方精电), announced the purchase of a total of 77,000 shares at a total cost of HKD 391,000 under its share award plan and trust agreement [1] - The average cost per share for this transaction was HKD 5.08 [1]

Core Viewpoint - BOE Technology Group (京东方精电) announced the purchase of a total of 77,000 shares at an average price of HKD 5.08 per share, totaling HKD 391,000, as part of its share award plan and trust agreement, scheduled for October 13, 2025 [1] Summary by Category - **Company Actions** - The company is executing a share purchase under its share award plan, indicating a commitment to incentivize employees and align their interests with shareholders [1] - **Financial Details** - The total cost of the share purchase is HKD 391,000, with an average price of HKD 5.08 per share for the 77,000 shares acquired [1]

Core Viewpoint - BOE Technology Group (京东方精电) announced the purchase of a total of 77,000 shares from the market on October 13, 2025, as part of its share incentive plan and trust agreement [1] Group 1 - The shares are intended for the current and future share incentive plans [1]

Core Points - The Tonghuashun Fruit Index concept has seen a decline of 3.67%, ranking among the top declines in concept sectors, with notable stocks such as Wentai Technology hitting the limit down, and other companies like GoerTek, Lens Technology, and Pengding Holdings also experiencing significant drops [1] Group 1: Market Performance - The Tonghuashun Fruit Index concept experienced a net outflow of 3.904 billion yuan in main funds today, with 16 stocks seeing net outflows, and 10 stocks having outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Luxshare Precision, with a net outflow of 895 million yuan, followed by GoerTek, Industrial Fulian, and Lingyi iTech, with net outflows of 617 million yuan, 526 million yuan, and 455 million yuan respectively [2] Group 2: Stock Performance - The top decliners in the Tonghuashun Fruit Index concept included: - Luxshare Precision: -5.02% with a turnover rate of 3.68% and a main fund outflow of 894.67 million yuan - GoerTek: -6.80% with a turnover rate of 6.46% and a main fund outflow of 617.16 million yuan - Industrial Fulian: -4.41% with a turnover rate of 0.86% and a main fund outflow of 526.19 million yuan - Lingyi iTech: -4.61% with a turnover rate of 5.79% and a main fund outflow of 454.56 million yuan [2][3] - Conversely, the stocks with the highest net inflows included: - Xunwei Communication: +0.21% with a main fund inflow of 192.65 million yuan - BOE Technology: -1.44% with a main fund inflow of 55.57 million yuan - Lantek Optical: -5.01% with a main fund inflow of 10.69 million yuan [3]

Core Insights - The large-size LCD shipment is expected to grow by 2.2% year-on-year, reaching 873.9 million units by 2025, despite declines in LCD TV and monitor shipments [1] - The large-size OLED market is projected to see a stronger growth of 19.0% year-on-year, driven by significant increases in OLED products for monitors and laptops [1] LCD Market Analysis - LCD TV shipments are forecasted to decline by 3.4% in 2025, while monitor shipments are expected to decrease by 1.8% [1] - The growth in LCD shipments for tablets and laptops is notable, with expected increases of 17.5% and 4.2% respectively, offsetting the declines in other segments [1] OLED Market Analysis - OLED shipments for monitors and laptops are anticipated to grow significantly, with year-on-year increases of 60.9% and 45.9% respectively [1] - OLED TV display shipments are expected to rise by 3.1%, while tablet OLED shipments are projected to decline by 2.3% [1] Market Share and Key Players - By 2025, China is expected to dominate the large-size LCD market with a 67.6% share, followed by Taiwan at 21.0% and South Korea at 8.1% [4] - BOE is projected to lead the large-size LCD market with a 37.1% share, followed by China Star at 16.8% and Innolux at 11.4% [4] - In the OLED market, South Korea is expected to hold an 83.7% share, with Samsung Display leading at 54.3%, followed by LG Display at 29.4% [4] Revenue Projections - China is anticipated to account for 83.7% of the total revenue in the large-size display market by 2025, with South Korea and Taiwan following at 18.0% and 14.7% respectively [4] - BOE is expected to lead in revenue share with 29.7%, followed by China Star at 20.2% and LG Display at 12.4% [4]

Core Viewpoint - The Information Technology ETF (159939) experienced a significant decline of 3.04% at the opening, indicating a bearish trend in the technology sector [1] Group 1: ETF Performance - The Information Technology ETF (159939) opened at 0.892 yuan, reflecting a drop of 3.04% [1] - Since its inception on January 8, 2015, the ETF has achieved a return of 84.18%, with a recent one-month return of 14.68% [1] Group 2: Major Holdings Performance - Major holdings within the ETF showed notable declines, including: - Luxshare Precision fell by 9.34% - SMIC decreased by 1.52% - BOE Technology Group dropped by 2.16% - Northern Huachuang declined by 3.17% - Haiguang Information fell by 0.20% - Cambricon Technologies decreased by 2.97% - iFlytek dropped by 3.93% - OmniVision Technologies fell by 3.75% - Zhongke Shuguang decreased by 5.32% - Hikvision dropped by 3.42% [1]

Core Viewpoint - BOE Technology Group reported that its OLED product shipments exceeded 71 million units in the first half of the year, marking a year-on-year increase of 7.5%, maintaining its position as the leading supplier in China and the second globally [1] Group 1 - The company continues to lead in market share while advancing the high-end transformation of its display device product structure [1] - The OLED business has successfully broken through core customer LTPO projects and achieved mass production supply [1]

Core Viewpoint - The resignation of Gao Wenbao, the Vice Chairman of BOE Technology Group, is a significant event for the company, but it will not affect the normal operation of the board of directors [2][4]. Group 1: Company Announcement - BOE Technology Group announced on October 10 that it received a resignation letter from Gao Wenbao, who cited personal reasons for stepping down from his positions as director, vice chairman, and committee member of the board [2][4]. - Following his resignation, Gao Wenbao will no longer hold any positions within the company or its subsidiaries. As of the announcement date, he held 1.86 million shares of BOE [4]. Group 2: Background of Gao Wenbao - Gao Wenbao has a Ph.D. in Microelectronics and Solid-State Electronics and joined BOE in 2003. He has held various positions, including Technical Vice President and CEO of the Display Business [4]. - Since 2025, he has served as Vice Chairman, President, and Vice Chairman of the Executive Committee of BOE Technology Group, as well as Executive Director and Chairman of the Board of BOE Precision Electronics [4].