BOE(SZ:000725) Quan Jing Wang·2025-09-12 08:56Group 1 - The company held a successful online performance briefing on September 11, 2025, with a total of 81 questions from investors and a response rate of 67.90% [1] - The company plans to invest 500 billion in research and development over the next three years, indicating a strong commitment to innovation [22][23] - The company has achieved a 7.5% year-on-year increase in OLED shipments in the first half of 2025, outperforming the industry growth rate of 4% [32][39] Group 2 - The company has a shareholder return plan that includes distributing at least 35% of the annual net profit to shareholders and a minimum of 15 billion RMB for share buybacks each year [18][21] - The company has maintained a consistent cash dividend policy since 2015, with cumulative distributions nearing 22 billion RMB [21][38] - The company is focused on enhancing its market position in high-end Mini LED products, with a significant increase in sales of its black crystal and black diamond screens by over 300% in the first half of 2025 [37] Group 3 - The company is actively addressing the challenges in the OLED market, including international competition and changes in domestic market structures [32][39] - The company has a strong patent portfolio, with over 100,000 patents filed, and ranks 12th globally in patent grants, reflecting its commitment to innovation [35] - The company is exploring new technologies such as LTPO-LCD and MicroLED for AR applications, indicating a strategic focus on emerging markets [29]