BOE: Glass-based packaging carrier business has entered the customer sample delivery stage

On May 26, BOE released its latest investor relations activity record sheet, covering LCD product prices, glass-based packaging carriers, etc.

As for the reasons and advantages of the company’s layout in glass-based packaging carriers, perovskites and optical interconnection-related fields, the company stated that it focuses on the three core advantages of display technology, glass-based processing capabilities and large-scale integrated intelligent manufacturing capabilities accumulated over the years. Based on the “Screen IoT” strategy guided by the “Nth Curve” theory, through the reuse of relevant capabilities, the company will focus on laying out these areas as an important direction for future business development. In order to accelerate the development of related businesses, the company signed a memorandum of cooperation with Corning (GLW) Company, which will help both parties establish a long-term, stable and mutually trusting strategic partnership.

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In terms of business progress, the glass-based packaging carrier business has completed the construction of the test line and entered the customer sample delivery stage; the perovskite business has built three major R&D platforms with a total investment of nearly 1 billion yuan; the optical interconnect business has completed the construction of the Micro LED chip production line and produced related samples. As of now, none of these innovative businesses have achieved mass production revenue.

In terms of depreciation, BOE said that in the future, as the depreciation of the company's existing production lines continues to decrease, and the production line projects under construction will be consolidated in stages by taking into account the ramp-up of production capacity, the company's overall depreciation amount will begin to decline on the basis of 2025.

In terms of capital expenditure, the display industry has gradually entered a mature stage from the rapid development stage of large-scale production expansion. In the future, as the company's investment scale decreases, the company's capital expenditure amount will also gradually decrease. Regarding the capital expenditure brought about by the layout of innovative business, the company has no plans for additional equity issuance. (Source: Compiled by BOE and TrendForce Display)

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