BOE held its 2025 interim results briefing and will continue to optimize its capital structure.

On September 11, 2025, BOE held its 2025 interim results briefing during the Global Innovation Partner Conference 2025 (BOE IPC2025). In the first half of 2025, BOE's revenue exceeded RMB 100 billion, delivering impressive results to the market with RMB 101.278 billion in revenue and RMB 3.247 billion in net profit attributable to parent company shareholders, representing year-on-year increases of 8.45% and 42.15%, respectively.

Data shows that BOE (BOE) maintained its global top-ranking shipments for five major LCD application products in the first half of 2025 (Omdia data). Among these, LCD oxide, 75-inch and larger 80-inch products, and automotive display products all ranked first globally. BOE's OLED market share exceeded 71 million units in the first half of 2025, a year-on-year increase of 7.5%, exceeding the industry's 4% growth rate, and maintaining its top position in China and second globally. Notably, BOE's OLED business has successfully secured LTPO projects for core customers and achieved mass production and supply. With the 8.6-generation OLED production line entering mass production next year, BOE will maintain its leading position in high-end OLED technologies such as LTPO.

BOE's innovative businesses also garnered widespread attention from investors at the earnings conference. Guided by the strategic "N" curve theory, BOE is developing its perovskite and glass-based packaging substrate businesses. In the perovskite business, BOE (BOE Oriental Technology Group Co., Ltd.) boasts inherent advantages, leveraging its display device process capabilities for the perovskite sector. The efficiency stability of its 1.2-meter and 2.4-meter pilot lines has been certified by the International Trade Commission (ITC). The power generation efficiency of its perovskite photovoltaic pilot line has exceeded 18%, and the company plans to continue improving this efficiency. Regarding its glass-based packaging substrate business, BOE's glass-based packaging substrate pilot line will begin equipment installation in June 2025, five months ahead of schedule. The company has already produced ultra-large 7-2-7 glass substrates, significantly improving packaging integration.

At its earnings conference, BOE told investors that the company has transitioned from large-scale capacity construction to high-quality operational development. Depreciation and capital expenditures are expected to reach peaks in 2025, and the company will focus more on technological value-added and efficiency improvements. Chen Yanshun pointed out that BOE maintains an operating cash flow of approximately 50 to 60 billion yuan each year. As production line investment decreases in the next few years, BOE will promote the transformation of its capital strategy, focusing on three aspects: first, ensuring the company's daily operations; second, continuously increasing the company's profits through methods such as repurchasing minority shareholders' interests in subsidiaries; and third, continuing to increase returns to investors.