京东方A(000725) - 2024 Q2 - 季度业绩预告

I. Current Period Performance Forecast BOE forecasts H1 2024 net profit attributable to shareholders to be RMB 2.1-2.3 billion, up 185-213%, with non-recurring net profit turning significantly profitable - The performance forecast period is from January 1 to June 30, 2024, with expected year-on-year performance growth[3] 2024 Semi-Annual Performance Forecast (Compared to Prior Year) | Indicator | Current Period Forecast (RMB million) | Prior Year Period (RMB million) | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 2,100 – 2,300 | 735.81 | 185% - 213% | | Net Profit Excluding Non-Recurring Items | 1,450 – 1,650 | -1,584.44 | Turnaround to Profit | | Basic Earnings Per Share (RMB/share) | 0.05 – 0.06 | 0.02 | 150% - 200% | II. Communication with Accounting Firms The performance forecast data represents preliminary calculations by the company's finance department and has not been pre-audited by an accounting firm - The performance forecast data is a preliminary estimate by the company's finance department and has not been pre-audited by an accounting firm[4] III. Explanation of Performance Changes Significant performance growth is primarily attributed to the semiconductor display industry's improved prosperity, optimized industry structure, and the company's proactive strategies in LCD and AMOLED businesses 1. Industry Prosperity Improvement and Operational Enhancement The semiconductor display industry experienced increased prosperity and an optimized competitive landscape during the reporting period, leading to improved company operations - During the reporting period, the semiconductor display industry's prosperity increased, and the industry structure continued to optimize[4] - The company's operational performance improved year-on-year, with net profit attributable to shareholders and net profit excluding non-recurring items showing significant growth compared to the same period last year[4] 2. LCD Business Performance The LCD business benefited from strong demand driven by major events and promotions, leading to price increases and optimized production strategies - In H1 2024, terminal customer stocking demand, especially for TV panels, was concentrated and released earlier, benefiting from major sporting events and e-commerce promotions[5] - TV panel prices showed a clear upward trend in March and April, with the increase gradually narrowing thereafter; prices for some IT products began to recover gradually[5] - The company adhered to "production on demand," flexibly adjusting production line utilization in response to demand changes, and continuously optimizing product structure to adapt to industry shifts[5] 3. AMOLED Business Performance AMOLED product shipments continued to grow, with the company focusing on high-end markets and enhancing competitiveness despite depreciation pressures - As AMOLED product penetration continued to rise, the company's flexible AMOLED product shipments maintained year-on-year growth in the first half[5] - Continuously cultivating the high-end AMOLED market, represented by foldable displays, to fully leverage the company's competitive advantages[5] - Facing short-term increasing depreciation pressure, the company will continuously improve its technical capabilities, match market demand, and enhance overall competitiveness[5] 4. Company Strategy and Future Development Under the "Display of Things" strategy, the company will focus on core businesses, optimize its development structure, and build new value growth models - Under the guidance of the "Display of Things" strategy, the company will continue to adhere to the principle of "focusing on main business and high-quality development"[5] - Deepening the "1+4+N+Ecosystem Chain" business development architecture to continuously consolidate its leading position in the semiconductor display business[5] - Continuously promoting high-quality development across all businesses, strengthening the synergistic empowerment effect of the industrial ecosystem, and fostering new value growth models[5] IV. Other Related Information The company advises investors to be aware of investment risks, with detailed H1 2024 operating performance data to be disclosed in the subsequent semi-annual report - Specific data regarding the company's H1 2024 operating performance will be detailed in the 2024 semi-annual report[6] - Investors are kindly reminded to be aware of investment risks[6]