京东方精电：1H24 preview： margin weakness priced in; expect gradual ASP/margin recovery in 2H

24 Jul 2024 CMB International Global Markets | Equity Research | Company Update BOE Varitronix (710 HK) 1H24 preview: margin weakness priced in; expect gradual ASP/margin recovery in 2H BOEVx will report 1H24 results in Aug. We estimate 1H24 revenue to grow 15% YoY driven by high-end displays, overseas client orders and Chengdu plant rampup, while net profit decline may narrow to -16% YoY (vs -18%/-19% YoY in 2H23/1H23) given inventory digestion offsetting better utilization. For 2H24E, we expect revenue/ne ...