Core Viewpoint - BOE's automotive display base in Vietnam has successfully completed its first full-process product lighting, with expectations for large-scale production by the end of this year [2][5]. Group 1: Investment and Production - The Vietnam automotive display base is BOE's first overseas self-built smart factory, with a total investment exceeding 300 million RMB, focusing on high-end automotive display products and cockpit display systems, designed to produce 50,000 modules per month [4]. - The base has secured significant projects from leading Korean automotive companies, including a 14.6-inch central control display and a 36-inch integrated display for a well-known North American electric vehicle company, with large-scale production expected by year-end [6]. Group 2: Financial Performance - In the first half of this year, BOE achieved a revenue of 6.67 billion HKD (approximately 6.115 billion RMB), representing an 8% year-on-year growth, and an EBITDA of 340 million HKD (approximately 3.117 billion RMB), up about 7% [9]. - The automotive display business generated revenue of 6.25 billion HKD (approximately 5.724 billion RMB), marking a 9% increase year-on-year, with the value of designated projects growing over 100% [10]. Group 3: Market Trends and Regional Performance - In the first half of 2025, BOE's domestic market revenue is expected to grow nearly 21% year-on-year, while overseas projects have seen a value increase of over 50%, with significant growth in shipments of high-end products like LTPS and Oxide [11].