BOE(000725)2025-04-21 13:20Financial Performance - In 2024, the company achieved nearly ¥200 billion in revenue, marking a return to growth with all business segments maintaining high-quality development momentum [3]. - BOE reported a revenue of CNY 100 billion for the last fiscal year, marking a year-on-year increase of 15% [24]. - The company's operating revenue for 2024 reached ¥198.38 billion, representing a 13.66% increase compared to ¥174.54 billion in 2023 [6]. - Net profit attributable to shareholders for 2024 was ¥5.32 billion, a significant increase of 108.97% from ¥2.55 billion in 2023 [6]. - The net profit after deducting non-recurring gains and losses was ¥3.84 billion, a remarkable turnaround from a loss of ¥632.56 million in 2023, marking a 706.60% increase [6]. - The company achieved a gross margin of 25%, which is a 3% improvement compared to the previous year [24]. - The company has set a performance guidance of 10% revenue growth for the upcoming fiscal year [24]. - The company reported a total of ¥142,324,551,783 in restricted assets, primarily due to collateral for loans and guarantees [84]. - The company reported a total shareholding of 2,900,000 shares for the Chief Strategic Planner, Chen Yanshun, with no changes during the reporting period [123]. Research and Development - The company plans to invest CNY 5 billion in R&D for new technologies, including 8K and flexible displays, over the next three years [24]. - The company filed over 8,000 new patent applications in the year, with more than 90% being invention patents and over 33% filed overseas [54]. - The company has made adjustments to its accounting policies, which did not have a significant impact on its financial results [6]. - The company is actively embracing AI technology, launching the "AI+" strategy to enhance innovation in production, product development, and management [4]. - The company has established a "Screen IoT" technology architecture to support its transition to IoT, covering device, terminal, platform, and application layers [108]. - The company invests approximately 7% of its revenue annually in R&D, with 1.5% allocated to foundational and cutting-edge technology research, establishing itself as a leader in semiconductor display R&D [108]. Market Position and Strategy - The company maintained its global leadership in semiconductor display business, with LCD overall and five mainstream application product shipments continuing to rank first globally [3]. - The company aims to deepen its "Screen IoT" strategy and continue exploring new growth opportunities in the coming years [8]. - The company is expanding its market presence in Europe and North America, targeting a 20% increase in sales in these regions by 2025 [24]. - The company is exploring potential acquisitions in the semiconductor sector to enhance its supply chain capabilities [24]. - The company is committed to becoming a leader in MLED display technology and expanding its application markets [98]. - The company is focusing on sustainable practices, with a goal to reduce carbon emissions by 30% by 2030 [24]. Sustainability and Environmental Initiatives - The company has committed to achieving carbon neutrality in its operations by 2050, with a comprehensive green development strategy [7]. - The company aims to achieve carbon neutrality in its operations by 2050, with a comprehensive carbon emission management system in place [192]. - The company has implemented over 260 energy-saving and emission reduction projects, resulting in savings and benefits exceeding 150 million yuan [192]. - The company has developed a carbon management platform for over 240 suppliers to enhance supply chain sustainability [194]. - The company has a 100% disposal rate for hazardous waste, ensuring compliance with environmental regulations [187]. Corporate Governance and Management - The company has established a market value management system to enhance investor returns, approved by the board on April 18, 2025 [105]. - The company has committed to enhancing its governance structure by revising 12 internal regulations, including the Articles of Association and independent director systems [109]. - The company has strengthened its internal control systems and compliance measures to ensure effective governance and risk management [109]. - The company has maintained an A-level rating for information disclosure from the Shenzhen Stock Exchange for nine consecutive years, emphasizing transparency and compliance [110]. - The company is committed to protecting shareholders' interests through active communication and involvement in major decision-making processes [160]. Employee and Talent Development - The total number of employees at the end of the reporting period was 99,100, with 2,479 in the parent company and 61,262 in major subsidiaries [165]. - The company has established a compensation system linked to employee positions, performance, and capabilities, ensuring external competitiveness and internal fairness [167]. - The training program provided over 440,000 hours of training throughout the year, focusing on talent empowerment and innovation optimization [168]. - The number of employees with a doctoral degree was 390, while those with a master's degree totaled 10,142 [166]. Product Development and Innovation - The company launched the world's first "Z" shaped foldable screen, creating a new form of OLED products [4]. - The company has launched a new AI-driven smart display product line, which is expected to contribute an additional CNY 2 billion in revenue next year [24]. - The company is developing a new oxide technology to improve product performance, with ongoing projects to enhance oxide process capabilities [73]. - The company has successfully mass-produced its Tandem technology, which significantly reduces power consumption and doubles the lifespan of OLED products [74]. - The company is expanding its product offerings with flexible OLED laptops, marking a significant breakthrough in the laptop market [74].