Zhong Guo Jin Rong Xin Xi Wang·2025-07-09 07:27Core Viewpoint - BOE Technology Group is shifting its capital strategy focus from scale expansion to shareholder value creation, with a new development phase expected to enhance profitability and provide sustainable returns to shareholders [1][2]. Group 1: Business Strategy - The company introduced its "Screen-Internet of Things" strategy and highlighted its "N-th Curve" theory, focusing on display technology, glass substrate processing capabilities, and large-scale integrated intelligent manufacturing to create new business growth areas [2]. - BOE has made significant progress in the perovskite photovoltaic sector, establishing the largest pilot line in the industry, marking an important step towards industrialization [2]. - The flexible OLED market is rapidly growing, with technological innovations penetrating IT and automotive sectors, driving the OLED industry forward [1]. Group 2: Financial Outlook - BOE plans to reach a peak in capital expenditure and depreciation by 2025, after which it is expected to enter a phase of improved profitability [1]. - The company has launched its first comprehensive shareholder return plan, committing to a minimum annual cash dividend of 35% of net profit attributable to shareholders and a total of at least 1.5 billion yuan for share buybacks each year [2]. - The chairman emphasized the company's capability and commitment to providing stable and predictable returns to investors as it enters a new development stage [2].