BOE(SZ:000725)2023-08-31 12:51Group 1: Financial Performance - The company's IoT innovation business revenue reached 17.4 billion [5] - OLED revenue accounted for nearly 20% of total revenue in the first half of 2023, with flexible AMOLED shipments exceeding 50 million units, a year-on-year increase of nearly 80% [27] - The company expects to achieve a balanced production and sales ratio for OLED in the first half of the year [60] Group 2: Strategic Initiatives - The "Screen of IoT" strategy focuses on integrating more functions, product forms, and market scenarios [36] - The company has established multiple innovation centers to enhance its transformation platform [2] - The company is actively planning investments in high-generation OLED production lines, with ongoing evaluations of their feasibility [43] Group 3: Market Position and Competition - The company maintains a competitive edge in the OLED market, particularly in flexible OLED panels, with a significant market share [49] - The company acknowledges the competitive landscape with Samsung in the OLED sector, emphasizing a cooperative relationship despite competition [46] - The company is optimistic about the growth of the foldable OLED panel market, targeting a shipment of 5 million units in 2023 [49] Group 4: Operational Challenges - The company faces challenges in achieving profitability in the OLED mobile segment due to market saturation and high costs [27] - The company is monitoring the impact of government subsidies on its financial performance, noting a decrease in direct government support [22] - The company is addressing inventory and cash flow issues, with operational cash flow declining despite improved profits [28] Group 5: Future Outlook - The company aims to maintain a dividend payout of at least 30% of net profit to shareholders [58] - The company is focused on high-quality development and innovation to ensure long-term growth and market leadership [10] - The company plans to enhance its market presence and customer relationships through overseas investments [31]