Core Viewpoint - The article emphasizes the integration of technology and culture through the fourth season of the "BOE Relief Laboratory," showcasing how advanced display technologies like LCD, OLED, and MLED are applied in various cultural contexts, enhancing public awareness of technological innovation's impact on daily life [2][11][14]. Summary by Sections Program Overview - The "BOE Relief Laboratory" has evolved from a mere variety show into a platform that connects the public with technological innovations, reflecting the growing interest in how technology can improve everyday life [2][5][9]. Technological Integration - The fourth season utilized a narrative approach that combines on-site exploration with expert explanations, linking technology, culture, and human experiences [6][8]. - The program focused on five key areas: LCD, OLED, automotive technology, digital art, and sustainable development, presenting each in a way that highlights their real-world applications [6][8]. Cultural Context - The show creatively integrated Chinese landmarks with technological advancements, making high-tech innovations accessible and relatable to the audience [8][12]. - Each episode featured cultural sites like the Forbidden City and the Temple of Heaven, enhancing the narrative with a rich cultural backdrop [8][12]. Brand and Innovation Strategy - BOE aims to reshape its brand perception from a display supplier to a leading IoT innovation enterprise, emphasizing its commitment to R&D, with approximately 7% of annual revenue reinvested into technological advancements [22][25]. - The company has established a comprehensive ecosystem that combines display technology with IoT applications, showcasing its leadership in the industry [14][20]. Sustainability Efforts - The program highlighted BOE's commitment to sustainable development, including the establishment of green factories and a pledge to achieve carbon neutrality by 2050 [15][23][25]. - BOE's sustainable development brand "ONE" focuses on open innovation and ecological sustainability, reflecting the company's social responsibility and cultural confidence [22][23]. Audience Engagement - The show has successfully engaged a broad audience, transforming complex technological concepts into relatable narratives that resonate with everyday experiences [14][19]. - By utilizing popular figures as hosts, the program has fostered a deeper connection between technology and the public, making it a significant cultural phenomenon [5][9].

特此公告。 附件：职工董事简历 京东方科技集团股份有限公司 董 事 会 | 证券代码：000725 | 证券简称：京东方 | A | 公告编号：2025-071 | | --- | --- | --- | --- | | 证券代码：200725 | 证券简称：京东方 | B | 公告编号：2025-071 | 京东方科技集团股份有限公司 关于选举产生职工董事的公告 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"）工会于 2025 年 9 月 22 日召开了公司职工代表大会，选举李洋先生为公司第十一 届董事会职工董事。 李洋先生将与公司 2025 年第一次临时股东大会选举产生的七名 非独立董事、四名独立董事共同组成公司第十一届董事会，任期自公 司职工代表大会选举通过之日起至公司第十一届董事会任期届满之 日止。 本次选举完成后，公司董事会中兼任公司高级管理人员以及由职 工代表担任的董事人数，总计不超过公司董事总数的二分之一。 现任公司第十一届董事会职工董事、首席人事官。 李洋先生与本公司控股股东、实际控制人不存在关联关 ...

Core Viewpoint - The article highlights the successful conclusion of the fourth season of "BOE Relief Laboratory," emphasizing its evolution from a mere variety show to a platform that connects technology innovation with the public, showcasing how technology can improve everyday life [1][3][5]. Group 1: Program Overview - "BOE Relief Laboratory" has become a symbol linking enterprises and consumers, utilizing a unique "technology + humanities" approach to attract a large audience [3][4]. - The fourth season featured a diverse range of innovative formats, focusing on five key areas: LCD, OLED, automotive technology, digital art, and sustainable development, with each episode presenting a different technological theme [4][6]. - The program's narrative style combined on-site revelations with expert explanations, creating a deep connection between technology, culture, and humanity [3][4]. Group 2: Technological Integration - The fourth season showcased advanced display technologies such as LCD/UB CELL, OLED, and MLED, applied in various cultural contexts, highlighting the integration of technology and cultural heritage [6][7]. - Each episode demonstrated how technology can enhance cultural storytelling, with specific examples including the restoration of classic films and the digitalization of cultural artifacts [7][8]. - The program effectively communicated the unique advantages of BOE's display technologies, transforming public perception of screens from mere hardware to interactive emotional interfaces [8][9]. Group 3: Corporate Strategy and Innovation - BOE aims to reshape its brand perception from a "display supplier" to a "global leading IoT innovation enterprise," focusing on consumer needs and technological advancements [9][12]. - The company has committed approximately 7% of its annual revenue to research and development, leading to significant technological breakthroughs in areas like eye-care displays and smart cockpit solutions [10][11]. - BOE's sustainable development initiatives include the establishment of 18 national-level green factories and a commitment to achieving carbon neutrality by 2050, reflecting its dedication to environmental responsibility [11][12].

Core Insights - BOE's self-produced technology popular science variety show "BOE's Worry-Free Laboratory" Season 4 has achieved a cumulative exposure of over 479 million across all platforms, setting a benchmark for marketing in the tech industry [2][4] - The show combines "Chinese landmarks + major technological events," collaborating with Beijing Broadcasting Television Station and various celebrities to illustrate how BOE's innovations in LCD, OLED, automotive, digital art, and sustainable development integrate into daily life [2][5] - The program has garnered significant viewership, with the highest single-episode rating on Beijing TV reaching 35 cities, ranking third nationally, and topping the cultural new releases chart on Youku [4] Marketing Innovation - "BOE's Worry-Free Laboratory" has established a new marketing paradigm for tech companies, transitioning from "technology output" to "value resonance" [4] - The show has received multiple prestigious awards for its social significance and innovative format, pushing the vision of "display technology empowering a better life" to new heights [5] - The narrative strategy of "landmarks as the scroll, technology as the pen" creates a chemical reaction between technology and Chinese civilization, enhancing cultural memory [5] Cross-Industry Collaboration - Industry leaders from companies like Hisense, Vivo, and Geely participated as "technology enablers," providing insights into the innovation logic behind the technology [7] - These cross-industry dialogues add professional depth to the program and demonstrate BOE's collaboration with upstream and downstream partners to integrate technology into everyday scenarios [7] Brand Engagement - BOE continuously explores innovative marketing paths to communicate technology knowledge to the public, establishing deep interactions with consumers through the show [8] - "BOE's Worry-Free Laboratory" has become a crucial online platform for communication between BOE and consumers, significantly enhancing brand promotion [8] - The company aims to uphold its vision of becoming "the most respected great enterprise on Earth" while pursuing a development strategy that integrates "technology + humanity" [8]

Summary of BOE (000725.SZ) Conference Call Company Overview - **Company**: BOE Technology Group Co., Ltd. (000725.SZ) - **Industry**: Display Technology, specifically focusing on Mini / Micro LED technology Key Points Industry and Company Developments - BOE is transitioning its Gen-5.5 B6 plant in Inner Mongolia from LCD/OLED production to Mini/Micro LED technology, indicating a strategic shift towards advanced display technologies to meet rising end application demands [1] - The Zhuhai Micro LED plant is set to begin mass production in 2024, targeting applications in AR/VR headsets and smart wearables, showcasing BOE's commitment to expanding its Micro LED business [1] - In September 2025, BOE acquired new equipment to enhance its Micro LED production capabilities, further emphasizing its growth strategy in this sector [1] Financial Performance - The revenue contribution from BOE's Micro LED segment increased significantly from 0.5% in the first half of 2022 to 4.3% in the first half of 2025, reflecting a strong growth trajectory [1] Market Trends and Projections - The demand for Micro LED technology is expected to rise due to its superior characteristics, such as higher peak brightness, better color performance, lower screen burn-in risk, and faster response times compared to traditional LCD and OLED displays [6] - The shipment of Micro LED displays is projected to reach 34.6 million units by 2031, driven by continuous product launches from display manufacturers, indicating a positive outlook for market demand [6] Product Innovations - Notable product launches include: - **Garmin Fenix 8 Pro**: A smart watch featuring a Micro LED display with a peak brightness of 4,500 nits, enhancing visibility in outdoor conditions [9] - **Tianma Automotive Display**: A Micro LED automotive display with a peak brightness of 1,700 nits, designed for smart driving applications [12] - **RayNeo X3 Pro AR Glasses**: Featuring a Micro LED display with a peak brightness of 6,000 nits, ensuring clear visibility even in bright outdoor light [12] Investment Outlook - Goldman Sachs maintains a Neutral rating on BOE with a 12-month target price of RMB 4.79, reflecting a potential upside of 16% from the current price of RMB 4.13 [11] - The target EV/EBITDA multiple is set at 4.9x, aligned with the company's average, indicating a cautious but optimistic view on BOE's future performance in the cyclical panel industry [11] Risks and Considerations - Key risks include: - Variability in the growth rate of flexible OLED shipments - Uncertainty regarding market share gains in large-sized LCD panels and small-sized flexible OLEDs - Potential delays in ramping up production at new factories, particularly for large-sized LCD panels and flexible OLEDs [12] Conclusion - BOE is strategically positioning itself in the growing Micro LED market through significant investments and product innovations, with a positive revenue growth trajectory. However, potential risks related to market dynamics and production capabilities should be monitored closely.

Group 1 - The outdoor brand Arc'teryx and artist Cai Guoqiang faced backlash for an art fireworks display in the Himalayas, raising concerns about ecological impact despite claims of using biodegradable materials and taking measures to protect local wildlife [2][3] - Arc'teryx issued an apology and committed to cooperating with third-party assessments regarding the ecological effects of the event, promising to take corrective actions based on the evaluations [3] Group 2 - Luo Yonghao discussed the concept of pre-prepared meals, emphasizing the importance of consumer awareness and the need for clear definitions within the industry [5] - A classification system for pre-prepared meals was outlined, ranging from ready-to-eat dishes to those requiring significant cooking steps, indicating a structured approach to understanding meal preparation levels [6] Group 3 - Xibei denied allegations regarding a conversation about returning pre-prepared products, asserting that the claims were unfounded and that no such employee existed [8] Group 4 - Sam's Club responded to consumer concerns about frozen broccoli with a two-year shelf life, explaining that the freezing process preserves nutritional value and prevents spoilage [8] Group 5 - A conflict escalated between Huiyuan and its controlling shareholder, with allegations of unauthorized payments exceeding normal contract amounts, amounting to over 600 million yuan [11] Group 6 - Apple faced complaints regarding the iPhone Air's camera fogging issue shortly after its release, raising concerns about quality control for a high-end product priced at 7999 yuan [11] Group 7 - Elon Musk's AI startup xAI was reported to be seeking $10 billion in funding, with a valuation of $200 billion, although Musk later refuted these claims [14] Group 8 - The market share of Honor in China has rebounded, ranking fifth in the market, with only a 1% gap from the second, third, and fourth competitors, driven by new product strategies [17] - Lenovo reported that AI PCs now account for over 30% of its total PC shipments, indicating a growing demand for AI-integrated devices [18] Group 9 - JD.com announced plans to open its first mall in Hong Kong by 2026, expanding its retail footprint in key urban areas [18] Group 10 - The number of Chinese tourists traveling during the National Day holiday surged by 130% year-on-year, with significant interest in both domestic and international destinations [25] Group 11 - The market share of domestic flexible OLED smartphone screens exceeded 60%, with significant growth in shipments from Chinese manufacturers [26] Group 12 - The film "731" achieved a total box office of over 900 million yuan shortly after its global premiere [28]

Core Viewpoint - The article discusses the "N Curve" theory proposed by BOE Technology Group, emphasizing the need for continuous innovation and adaptation in the face of technological advancements, particularly in AI, to drive sustainable growth and industry evolution [4][6][13]. Group 1: N Curve Theory - The "N Curve" concept is introduced as a system that encourages technology companies to innovate and find new growth points, evolving from a foundation of "human power" to "human power + AI computing power" [4][6]. - BOE's CEO outlines the strategic direction under the "N Curve," extending beyond display technology into fields like perovskite photovoltaics and robotics, leveraging its semiconductor display and manufacturing capabilities [6][7]. - The company has already made significant progress in its "N Curve" initiatives, with perovskite photovoltaic products achieving IEC certification and initial setups for glass-based packaging lines [6][11]. Group 2: AI Integration and Strategic Development - The article highlights the importance of AI in driving strategic advancements, with BOE's "1+4+N+ ecosystem" framework focusing on integrating AI into manufacturing, products, and operations [13][14]. - AI is seen as a catalyst for innovation across various sectors, with BOE actively seeking opportunities to enhance its product offerings and operational efficiency through AI technologies [14][20]. - The collaboration with partners in the AI space is emphasized, showcasing how AI can enhance user interaction and data analysis in products [16][20]. Group 3: Globalization and Product Innovation - BOE is positioning itself to navigate global markets by establishing smart factories in regions like Vietnam and Mexico, aiming to shorten supply chains and enhance local operations [22][23]. - The company is focused on transitioning from price competition to value competition within the display industry, driven by product innovation and technological advancements [22]. - Partnerships with other companies, such as Hisense and Lenovo, are highlighted as key to enhancing global competitiveness and product offerings [23][25]. Group 4: Sustainable Development and Industry Collaboration - The article underscores the importance of sustainable development discussions among industry partners, with BOE initiating events like the IPC night to foster collaboration [29]. - The ongoing dialogue around strategic elevation and sustainability is seen as crucial for navigating the challenges posed by globalization and technological disruption [29].

Group 1 - Xiaomi has officially open-sourced its first native end-to-end voice model, Xiaomi-MiMo-Audio, which is based on an innovative pre-training architecture and over one billion hours of training data, achieving few-shot generalization based on ICL in the voice domain for the first time [1] - The improvement in Xiaomi's AI capabilities is expected to enhance the user experience of related consumer electronics products [1] - As of September 19, 2025, the CSI Consumer Electronics Theme Index (931494) surged by 1.53%, with notable increases in component stocks such as Lixun Precision (002475) up by 4.97% and Industrial Fulian (601138) up by 5.95% [1] Group 2 - As of August 29, 2025, the top ten weighted stocks in the CSI Consumer Electronics Theme Index (931494) include Cambricon (688256), Lixun Precision (002475), and SMIC (688981), collectively accounting for 54.8% of the index [2] - The CSI Consumer Electronics Theme Index consists of 50 listed companies involved in component production and complete brand design and manufacturing, reflecting the overall performance of consumer electronics-related securities [1][2] - The performance of the Consumer Electronics ETF (561600) closely tracks the CSI Consumer Electronics Theme Index, which has recently seen an eight-day consecutive rise [1]

Core Viewpoint - The Information Technology ETF (159939) opened at a decline of 0.22%, priced at 0.887 yuan, indicating a slight downturn in the technology sector [1] Group 1: ETF Performance - The ETF's major holdings include companies such as Luxshare Precision, which rose by 2.26%, and SMIC, which increased by 0.70% [1] - Other notable movements include BOE Technology Group falling by 0.48%, and Cambrian Intelligence dropping by 2.04% [1] - The ETF's performance benchmark is the CSI All Share Information Technology Index, managed by GF Fund Management Co., Ltd., with a return of 77.84% since its inception on January 8, 2015, and a recent one-month return of 18.70% [1]

Market Performance - The Tonghuashun Fruit Index concept rose by 0.69%, ranking 8th among concept sectors, with 9 stocks increasing in value, including Wentai Technology, Changying Precision, and Industrial Fulian, which rose by 9.60%, 9.04%, and 5.30% respectively [1] - The leading decliners included Lingyi Technology, Dongshan Precision, and Desay Battery, which fell by 3.27%, 3.03%, and 3.00% respectively [1] Concept Sector Overview - The top-performing concept sectors today included F5G concept (+1.45%), Co-packaged Optics (CPO) (+1.35%), and Copper Cable High-Speed Connection (+1.27%), while the worst performers were Lead Metal (-3.94%), Zinc Metal (-3.88%), and Gold Concept (-3.08%) [2] - The Tonghuashun Fruit Index concept experienced a net outflow of 338 million yuan, with 10 stocks seeing net inflows, and 6 stocks receiving over 100 million yuan in net inflows [2] Fund Flow Analysis - The stocks with the highest net inflow ratios included Wentai Technology (6.21%), Industrial Fulian (4.27%), and Saiteng Co. (4.00%) [3] - Industrial Fulian led the net inflow with 867.34 million yuan, followed by Wentai Technology and Changying Precision with net inflows of 360.55 million yuan and 331.81 million yuan respectively [3][4]