BOE VARITRONIX(00710) 证券日报网·2025-03-28 11:15Core Viewpoint - 京东方精电's revenue for 2024 reached HKD 134.49 billion, a 25% increase from HKD 107.6 billion in 2023, driven primarily by the growth in automotive display screen business, which accounted for approximately 94% of total revenue [1] Group 1: Financial Performance - The automotive display screen business generated revenue of HKD 126.6 billion, reflecting a 30% year-on-year increase [1] - Revenue from the China region was approximately HKD 83.5 billion, a 35.3% year-on-year growth, representing 62% of total revenue [2] - Overseas revenue was about HKD 50.98 billion, showing an 11.1% year-on-year increase, accounting for 38% of total revenue [2] Group 2: Business Strategy and Growth Areas - The company is focusing on smart display systems, advanced display systems, and intelligent cockpit systems as new growth points, with significant revenue increases in these areas [2] - 京东方精电 plans to invest no less than RMB 1 billion from 2025 to 2027 to enhance AI applications and strengthen competitive barriers in the automotive sector [3] - The industrial and other display screen business generated revenue of HKD 7.89 billion, representing 6% of total revenue, with significant market opportunities identified [3] Group 3: Market Position and Future Outlook - 京东方精电 holds the largest market share in the TFT automotive display market, particularly in shipments of 8-inch and larger displays [2] - The company aims to expand its automotive display business and solidify its market leadership through a three-step development strategy [4] - There is a focus on diversifying into industrial and other display screen applications, leveraging existing resources to capture global opportunities [4]