BOE(SZ:000725)2023-07-02 12:10Group 1: IoT Transformation Strategy - BOE has developed a "Screen IoT" strategy to leverage its core advantages in the display sector, aiming to integrate more functionalities and penetrate various market segments [1] - The company proposes a "1+4+N+Ecosystem" business development framework, where "1" refers to semiconductor displays, "4" includes IoT innovation, sensing, MLED, and smart medical engineering, and "N" represents various IoT application scenarios [2] Group 2: LCD Industry Dynamics - The LCD industry experienced significant fluctuations from Q2 2022 to Q1 2023, influenced by external uncertainties and a prior demand surge in 2021 that led to a consumption pullback [2] - As of 2023, the panel industry is in a recovery phase, with product prices continuously rising since Q1 2023 due to improved supply-demand relationships [3] Group 3: Market Demand and Pricing - In Q1 2023, the market demand for LCD TV panels began to rise, driven by healthy inventory levels and increased purchasing motivation from major domestic brands [3] - The trend towards larger TV sizes is expected to continue throughout 2023, contributing to an increase in panel demand area [3] Group 4: Flexible AMOLED Business Progress - In 2022, BOE's flexible AMOLED shipments reached nearly 80 million units, marking over a 30% year-on-year growth, with high-end products showing significant improvement [4] - For 2023, the company aims to exceed 120 million units in flexible AMOLED shipments, with Q1 2023 shipments nearing 30 million units [4] Group 5: Automotive Display Business - BOE has established itself as a leader in the automotive display sector, with its subsidiary, BOE Precision Electronics, being the sole platform for automotive display modules and systems [4] - The company’s automotive display shipments maintained the global top position in 2022, with a production capacity of approximately 15 million units annually from its Chengdu base [4]