京东方A接待1家机构调研，包括睿远基金等

Core Viewpoint - BOE Technology Group Co., Ltd. is actively engaging with investors regarding its LCD TV product pricing trends, OLED technology advancements, innovative business developments, financial planning, and shareholder returns [1][2]. Group 1: LCD TV Product Pricing - As the Spring Festival approaches, brand manufacturers are experiencing strong stocking demand, leading to increased shipment volumes for TV products. The industry is adhering to a "demand-driven production" strategy and flexibly adjusting utilization rates, currently at a high level. According to third-party data, TV product prices across major sizes rose in January 2026, with expectations for further price increases in February [1]. Group 2: OLED Technology Development - The company's 8.6-generation AMOLED production line was successfully lit up on December 30, 2025, five months ahead of schedule, marking a significant breakthrough in mid-size OLED technology research and production preparation. This production line is expected to enter mass production in the second half of 2026 [2]. Group 3: Innovative Business Progress - Under the guidance of the "N-curve" theory, the company is implementing its "Screen IoT" development strategy, focusing on innovative businesses such as perovskite photovoltaics and glass-based packaging substrates. The technology for glass-based packaging substrates has completed the construction of a pilot line and achieved process continuity [2]. Group 4: Financial Planning and Shareholder Returns - The company is experiencing a continuous reduction in depreciation of existing production lines. Capital expenditures are expected to peak in 2025, with a significant decline anticipated starting in 2027. In 2025, the company completed the cancellation of nearly 1 billion yuan in treasury stock and distributed approximately 1.87 billion yuan in cash dividends for the 2024 fiscal year. Additionally, over 1.5 billion yuan was allocated for A-share repurchase plans, fulfilling commitments under the "Three-Year Shareholder Return Plan" for 2025-2027 [2]. Group 5: Shareholder Information - As of September 30, 2025, the number of shareholders in BOE A shares was 1,045,898, a decrease of 47,645 from the previous count. The average market value of shares held per shareholder is 154,100 yuan, with an average holding of 35,400 shares [3]. Group 6: Investor Engagement - The investor participating in the recent research meeting, Ruiyuan Fund, focuses on value investment and long-term investment strategies. The fund currently manages five funds, with the Ruiyuan Growth Value Mixed A fund showing a 69.52% increase over the past year [3].