BOE(000725)2025-01-24 01:20Group 1: Financial Performance - In 2024, the company expects a net profit attributable to shareholders of between 5.2 billion and 5.5 billion CNY, doubling year-on-year [1] - The estimated net profit for Q4 2024 is approximately 1.9 billion to 2.2 billion CNY, showing significant year-on-year growth and nearly doubling quarter-on-quarter [1] Group 2: Market Demand and Product Performance - The demand for LCD TV products surged due to the "old-for-new" policy in the mainland market and promotional activities in overseas markets, leading to increased shipment volumes and a rise in product prices [2][3] - In Q4 2024, the company shipped over 40 million flexible AMOLED panels, showing significant quarter-on-quarter growth and an improved product structure [2] Group 3: Industry Trends and Pricing - Global TV panel shipments and area are expected to grow in 2024, with a peak demand in Q2 driven by overseas sports events and a recovery in the mainland market in the second half of the year [3] - Starting December 2024, prices for some large-size LCD TV products began to rise, with mainstream sizes experiencing price increases in January 2025 [3] Group 4: Business Development and Future Plans - The company’s flexible AMOLED business saw a total shipment of approximately 140 million units in 2024, with a notable increase in high-end product share [4] - The 8.6-generation AMOLED production line project is expected to achieve mass production by the end of 2026, enhancing the company's competitiveness in the semiconductor display industry [5] Group 5: Depreciation and Financial Outlook - Overall depreciation is expected to slightly increase in 2024 due to new production lines, with minimal fluctuations anticipated in 2024 and 2025, followed by a potential decrease starting in 2026 [5]