On July 13, BOE released its 2021 semi-annual performance forecast, stating that the net profit attributable to shareholders of listed companies in the first half of 2021 is expected to be 12.5-12.7 billion yuan, a year-on-year increase of 1001%-1018%.
BOE said that in the first half of 2021, the semiconductor display industry will continue to maintain high prosperity. Benefiting from the continued strong demand and the continued tight supply caused by the shortage of raw materials such as driver ICs, the industry has been in short supply, and the prices of various products such as IT and TV have increased to varying degrees.
At the same time, the company's mature production lines maintain full production and sales, the market share of LCD mainstream applications continues to lead, the product structure is further improved, the proportion of high-end products significantly increases, profitability continues to increase, the growth of operating performance is significantly higher than the price increase, and the industry's leading advantage is further reflected.
In addition, since 2021, the company has further promoted the realization of the "1+4+N" aircraft carrier mission
With the establishment of the industry group framework, the display business, sensor and solution business, Mini LED business, smart system innovation business and smart medical industry business have developed rapidly, and continue to extend to the semiconductor display industry chain and the value chain of various Internet of Things application scenarios.
On the other hand, on July 7, BOE issued an announcement announcing that the 2021 private placement plan has successfully passed the meeting. It is reported that with this issuance of new shares, BOE plans to raise 19.87 billion yuan to acquire part of Wuhan BOE's equity (6.5 billion yuan), increase capital in Chongqing BOE's 6th generation AMOLED production line (6 billion yuan), increase capital in Yunnan Chuangshijie Optoelectronics 12-inch silicon-based OLED project (1 billion yuan), build hospitals (500 million yuan), repay loans (3 billion yuan) and supplement working capital (2.870 billion yuan).
The smooth passing of this certain growth plan will allow BOE to open up a broader space for growth in the OLED field.
Among them, the investment in Chongqing BOE’s 6th generation AMOLED production line will further enhance the diversification of BOE’s OLED production technology, while the investment in Yunnan Chuangshijie Optoelectronics’ 12-inch silicon-based
The OLED project will form an average annual production capacity of 5.23 million OLED microdisplays.
At the same time, BOE also continues to develop emerging fields such as Mini LED to maintain long-term competitiveness. It is reported that BOE is the first in the industry to achieve formal mass production of glass-based active Mini LED products, and its 75-inch COG Mini LED backlight products have also achieved mass production and delivery.
It can be expected that with the further maturity of OLED, Mini LED and other technologies and the further expansion of application fields, BOE will continue to grow.
ANNA