BOE(SZ:000725) Ge Long Hui·2025-11-27 06:28Core Viewpoint - The report from Guosen Securities indicates that BOE Technology Group Co., Ltd. (京东方) has achieved year-on-year growth in revenue and net profit attributable to shareholders in Q3 2025, particularly in the OLED sector, where the company has successfully launched mass production of the LTPO project for core clients [1] Company Performance - BOE's OLED shipment volume is expected to achieve double-digit growth for the entire year, driven by the increasing penetration of foldable devices and the expansion of high-end technology routes [1] - The company is well-positioned to optimize the product structure in the industry, which is anticipated to improve overall profitability [1] Industry Outlook - Upcoming sports events, such as the World Cup, are expected to boost demand for TV products in the first quarter of the next year [1] - The replacement cycle and AI integration are projected to drive demand for IT products, alongside the trend towards larger screen sizes, which will further increase industry demand [1] - The industry is expected to reach a supply-demand balance in the future, with a focus on on-demand production in the LCD sector, leading to stable profitability [1] Investment Rating - The company’s strategy in the OLED mid-size application is viewed positively, maintaining an "outperform the market" rating [1]