In 2024, the international environment will be complex and changeable, the domestic economy will generally be improving, and the industry will present a pattern of "weak growth and then stabilization". Facing many internal and external challenges, BOE continued to maintain its leading position in the semiconductor display field, and its operating performance doubled year-on-year. Omdia data shows that BOE continues to rank first in the world in overall display shipments and LCD display shipments in five major application fields.
In terms of patents, BOE has accumulated more than 100,000 independent patent applications, including more than 30,000 flexible OLED-related patent applications. Among the annual new patent applications, over 90% are invention patents and over 33% are overseas patents. 20 published by IFI Claims, the world's authoritative patent service organizationThe 24-year statistical report shows that BOE (BOE) ranks 12th in the world in the U.S. patent licensing rankings, and has ranked among the global TOP20 for the seventh consecutive year. It is not only one of the only two mainland Chinese companies in the TOP20, but also the only Chinese company in the semiconductor display field. In the field of LCD displays, BOE has ranked first in the world in terms of TV display shipments for six consecutive years (Omdia data). Its high-end LCD display technology ADS Pro with independent intellectual property rights is not only the mainstream LCD display technology with the highest shipment volume in the world, but also the most widely used hard-screen LCD display technology, covering all product types from mobile phones, tablets, notebooks, monitors to TVs. It has become the first choice for high-end models of major first-tier terminal brands around the world.
In the field of flexible displays, BOE will ship approximately 140 million pieces in 2024, continuing to grow year-on-year. The product structure has been significantly optimized, and the proportion of high-end products has increased significantly. Among them, BOE launched the world's first tri-fold screen, and the overall shipment of folding products increased by approximately 40%; the Tandem double-layer series smartphone terminal solution is exclusively supplied to flagship models of many brands, achieving mass production and shipment.
At the same time, BOE is also actively deploying medium-sized innovative applications such as automotive and IT. The first 8.6-generation AMOLED production line in China took only 183 days from start to finish, setting a new benchmark in the industry with a scientific, efficient and high-quality speed, and promoting OLEThe 3D display industry is rapidly entering the medium-size development stage.
While continuing to delve into the display industry, BOE's "1+4+N+ ecological chain" development structure has seen innovative results emerge in other business sectors. Among them, the Internet of Things innovation business has made great progress in the two fields of smart terminals and system solutions. The smart terminal business has grown significantly, and its shipments in market segments such as whiteboards, splicing, and electronic price tags (ESL) remain the first in the world (Dishan Data, etc.); in the field of system solutions, BOE has provided smart financial services to 4,100 bank branches in 31 provinces and municipalities in China.
In terms of sensing business, BOE (BOE) light curtain technology and MEMS sensing and other technologies are accelerating the empowerment of Chery Automobile, and the revenue in the field of smart windows has doubled year-on-year, and the mass production and delivery of the dimming window of Jikrypton’s first standard model has been exceeded. In terms of MLED business, BOE completed the commissioning of the Huacan Zhuhai MLED project, marking the company's further in-depth deployment in the MLED field and laying a solid foundation for the expansion of the global MLED market.
In terms of smart medical and industrial business, BOE continues to promote the smart upgrading of medical and health services. The main structure of its Beijing BOE Hospital has officially started construction, and the Chengdu BOE smart medical and nursing community has officially been put into operation, which has become an important milestone in BOE's layout of the smart medical and nursing field.
Under the guidance of the "N" curve theory, BOE (JD.comFang) creates a new business growth curve in multiple subdivisions such as smart vehicles, smart energy, digital art, AI+, perovskite, and ultra-high definition.
In the automotive field, BOE continues to rank first in the world in vehicle display shipments and shipping area (data source: Omdia); in the smart energy field, BOE Energy New Third Board listing was successfully accepted; in the digital art field, Yiyun Technology has successively launched in Suzhou, Beijing, Yibin and other countries. Create digital art centers in multiple places; in the AI+ field, BOE (BOE) officially released the "AI+" strategy in 2024, focusing on the three core areas of AI+ manufacturing, AI+ products, and AI+ operations, and actively promoting the innovative application and empowerment of AI in production and manufacturing, product innovation, operation management, etc.
In the field of perovskite, BOE (BOE) successfully produced the industry's first 2.4×1.2m pilot line sample in just 38 days, marking an important step in the industrialization of perovskite; in the field of ultra-high definition, BOE (BOE) Zoomlion Ultra HD successfully built a series of benchmark projects such as the Liangma River Platinum Palace Gate and the Macau MGM Digital Art Museum.
Standing at a new starting point in 2025, BOE will adhere to the development path of "marketization, internationalization, and specialization" and continue to consolidate its leading position in the semiconductor display business while promoting the flourishing of all businesses. At the same time, through "Green+", "Innovation+", "Community+""The concept of sustainable development uses "technology + green" to achieve stable business operations and high-quality sustainable development, and contribute more wisdom and strength to a better life for mankind!
ANNA