BOE(SZ:000725) Xin Lang Cai Jing·2025-12-08 01:33Core Viewpoint - BOE Technology Group anticipates growth in TV product shipments for the year, driven by early demand due to national subsidies and export incentives, although the trend towards larger sizes is temporarily slowing due to increased shipments of smaller-sized TVs in emerging markets [1] Group 1: TV Product Shipments - The company expects an increase in both shipment volume and area for the year [1] - Smaller-sized TV product shipments are rising due to demand from emerging markets, leading to a temporary slowdown in the trend towards larger sizes [1] Group 2: IT and MNT Products - IT product shipments are projected to grow rapidly due to replacement demand [1] - MNT product shipments are expected to remain flat year-on-year [1] Group 3: Future Outlook and Capital Expenditure - A decline in capital expenditure and improved cash flow are noted, with plans to repurchase minority shareholder equity based on operational and cash flow conditions [1] - The company will provide updates on the progress of equity repurchases through official announcements [1] Group 4: Market Competition and Product Trends - The domestic OLED market is becoming increasingly competitive, leading to short-term operational pressure due to product structure changes [1] - A decline in shipments of foldable products is expected in the second half of the year, while the demand for LTPO from overseas brands is increasing [1] - Rapid growth in shipments of low-end Ramless products is also observed [1]