Shenzhen Enrich Electronics Co., Ltd

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Company News >> BOE 6 generation AMOLED panel is expected to mass production in advance 27th,Dec,2017
                                      September 26, BOE A announcement that the company expects the first three quarters of net profit of 6.2 billion to 6.5 billion. Among them, the third quarter profit of 1.897 billion yuan to 2.197 billion yuan.
Data show that this is BOE A consecutive fifth quarter results. BOE A's performance will continue to grow from the third quarter of 2016 after the LCD panel prices rebounded in mid-2016.
The company said that with the promotion of transformation and upgrading and the improvement of core innovation capability, the traditional products continued to maintain a high market share and the results of the new application market expansion emerged. During the reporting period, the Company continued to strengthen its lean management. The yield and quality of its products continued to increase. The introduction speed of high value-added products and the proportion of shipments increased significantly. The overall profitability of the Company was stable at a relatively high level. Coupled with the semi-conductive display industry boom relatively high over the same period last year, the first three quarters of operating performance significantly increased over the same period last year.

Liu Hongfeng, a director of BOE A, said that the company's import value of high value-added products and shipments increased significantly. Such as the current strong momentum of the development of full-screen mobile phone, the company's first full screen has been in volume production shipments in July, has now successfully developed five full-screen products, suppliers Huawei, vivo, OPPO and other brands. In addition, the 6th generation flexible AMOLED production line in Chengdu is progressing well and the production volume is expected to be reached ahead of schedule. It is estimated that the full-year profitability of the Company will stabilize at a relatively high level.
BOE A shares rose more than 3% on the 27th, setting a new high in more than two years and up 0.72% at the close. In the past year or so, BOE A shares out of the bull market, almost no adjustment from the broader market, from early last year's 2 yuan in the early, after more than a year had once exceeded 4 yuan, the stock price nearly doubled.
Liu Xiaodong, vice president of BOE A, pointed out that the flexible OLED panel has been applied from smartphones to various consumer electronic terminals due to its characteristics of being thin, flexible, excellent in toughness and energy-saving. Future applications will also be more extensive and the industry will burst The turning point is coming.
He predicts that by 2022, the market size of flexible smart phone panels will reach 1 billion, with a compound annual growth rate of 45%.
BOE A has a mainland 6th generation flexible AMOLED production line, the 6th generation flexible AMOLED production line in Chengdu, will be formally mass production shipments in October this year. Shipments are high-end display products, positioned in the high-end mobile phone market. The sixth generation of Mianyang AMOLED flexible production line has also started construction.
With the two flexible AMOLED production lines put into operation one after another, BOE A future with the world's leading mobile phone manufacturers to provide high-quality flexible AMOELD screen capabilities.
 

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