On July 12th, Gelonhui announced the 2024 half-year performance forecast of BOE Technology Group (000725.SZ), with a net income of 2.1-2.3 billion yuan attributable to shareholders of the listed company, an increase of 185%-213% compared to the same period last year; net income after deducting non-recurring gains and losses was 1.45-1.65 billion yuan, a loss of 1.58444 billion yuan in the same period last year; basic earnings per share were 0.05 yuan/share-0.06 yuan/share.
During the reporting period, the semiconductor display industry has improved, and the industry has continued to optimize. The company's business situation has improved year-on-year, and the net income attributable to shareholders of the listed company and net income after deducting non-recurring gains and losses have increased significantly compared to the same period last year.
On the LCD side, in the first half of 2024, driven by large-scale sports events and e-commerce promotions, the demand for terminal customer stocking, especially for TV panels, was released early. At the end of the second quarter, the peak of phase inventory ended, and downstream demand tended to be conservative. The prices of TV products rose significantly in March and April, and then gradually narrowed. The prices of some IT products gradually began to rise. In the terminal market, large size is still an important factor driving the growth of large-size LCD area demand. There is still a large difference in the average size of different regional markets, and there is still significant room for growth in the average size.
On the AMOLED side, with the continuous increase in the penetration rate of AMOLED products, the company's flexible AMOLED product shipments in the first half of the year continued to grow. Through continuous efforts in the high-end AMOLED market represented by folding, the company has fully exerted its competitive advantages. In the face of the depreciation pressure that is still increasing in the short term, the company will continue to improve its technical level, match market demand and enhance overall competitiveness.