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BOE's net profit in 2021 is expected to exceed 25.7 billion yuan, a record high

January 21, 2022

Core Tip: On January 20, BOE Technology Group Co., Ltd. (BOE A: 000725; BOE B: 200725) released the 2021 performance forecast, and it is expected to achieve an annual operating income of 215 billion yuan to 220 billion yuan, a year-on-year increase of 59%- 62%; it is expected to achieve a net profit of 25.7 billion to 26 billion yuan attributable to shareholders of listed companies, a year-on-year increase of 410% to 416%, and the annual performance hit a record high.
On January 20, BOE Technology Group Co., Ltd. (BOE A: 000725; BOE B: 200725) released the 2021 performance forecast, and it is expected to achieve annual operating income of 215 billion-220 billion yuan, a year-on-year increase of 59%-62%; It is expected that the net profit attributable to shareholders of listed companies will be 25.7 billion to 26 billion yuan, a year-on-year increase of 410% to 416%, and the annual performance will reach a record high. In the past year, while further consolidating the global leadership of the display business, BOE has actively promoted the strategic transformation of the Internet of Things based on the "1+4+N" aircraft carrier business group, and various smart innovation businesses have achieved rapid growth. .

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As a leading company in the global semiconductor display industry, BOE upholds respect for technology and persistence in innovation, continues to promote high-quality technological innovation, and has achieved outstanding performance in its display business. Since 2021, BOE has carried out technological iterations in 8K, flexible OLED and other fields, and innovative products have emerged one after another.

In the field of 8K UHD, it not only launched an 8K UHD overall solution integrating 5G+AI technology, but also continued to promote the development of the 8K UHD industry ecological chain and the application, popularization and iteration of 8K technology.

In addition to working with CCTV to create the first 8K UHD live broadcast of the Spring Festival Gala, BOE also launched the industry's first 75-inch 8K professional monitor that supports both 4-link 12G-SDI and HDMI2.0 input methods, providing 8K UHD for large-scale domestic events. Solution: With the help of 8K+AI ultra-high-definition image quality enhancement technology, the ultra-high-definition AI automatic restoration of 200 precious historical photos of the large-scale documentary "Forbidden City" is realized.

In the OLED field, BOE provides 17.3-inch OLED folding notebook displays for ASUS, and jointly launched with OPPO a flexible under-screen camera technology of up to 400 PPI, and supplies iQOO 8, Honor Magic 3, Honor 60 Pro, and Honor Magic V mobile phones based on f- OLED screen with high-end flexible display technology.

BOE's flexible OLED shipments exceeded 10 million in December alone. According to data from Sigmaintell, BOE's annual shipment of flexible OLED smartphone panels in 2021 will be about 60 million units, a year-on-year increase of nearly 60%, and flexible display shipments will rank first in China and second in the world.

In addition, BOE has successively launched 55-inch 4K AMQLED quantum dot display products, 480Hz ultra-high refresh rate professional gaming display products, etc., which not only bring the ultimate visual experience to consumers, but also lead the new trend of smart terminal development.

Sensing business

In terms of sensing business, the sales volume of medical imaging products has increased significantly year-on-year, and has been mass-produced and shipped to global high-end medical device companies such as Europe, America, Japan and South Korea, and has established substantial product cooperation with the world's largest detector manufacturer; the smart window solution is the first in the world. The high-speed maglev train with a speed of 600 kilometers per hour, the Beijing-Xiong, Beijing-Zhangjiakou intercity trains and the Mercedes-Benz V260L rear-mounted side windows have been implemented.

MLED business

In terms of MLED business, BOE and Skyworth launched the world's first active glass-based Mini LED TV, achieving a new leap in the picture quality of Mini LED TVs; launched 75-inch 8K Mini LED, 86-inch 8K Mini LED and other display products. Mini LED backlight and HDR technology greatly improve the display effect; launch P0.9 glass-based Mini LED display products, which can achieve ultra-high brightness and million-level ultra-high contrast.

As of 2021, BOE has accumulated more than 70,000 independent patent applications. Among the new annual patent applications, more than 90% are invention patents and 35% are overseas patents, of which patent applications in OLED, sensing, artificial intelligence, big data and other fields account for over 50%.

According to the 2021 annual statistical report released by patent service agency IFI Claims, BOE ranks 11th in the world in the US patent licensing rankings, rising by 2 places and ranking among the global TOP20 for the fourth consecutive year.

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