BOE Technology Group Company (000725) H2 2024 earnings summary

Executive summary

• Achieved total operating revenue of ¥198.38 billion in 2024, up 13.66% year-over-year, with net profit attributable to shareholders rising 108.97% to ¥5.32 billion.

• Operating profit surged 224.67% and basic EPS increased 133.33% year-over-year, driven by strong performance in semiconductor display and innovation businesses.

• Maintained global leadership in LCD shipments for major applications and saw significant growth in flexible AMOLED and innovative business segments.

Financial highlights

• Operating revenue rose 13.66% year-over-year to ¥198.38 billion.

• Operating profit increased 224.67% to ¥4.93 billion; total profit up 177.45% to ¥5.09 billion.

• Net profit attributable to shareholders reached ¥5.32 billion, up 108.97% year-over-year.

• Net profit after non-recurring items was ¥3.84 billion, a 706.60% increase year-over-year.

• Basic EPS was ¥0.14, up 133.33% year-over-year.

Outlook and guidance

• Industry environment characterized by “weak growth, rebalancing”; company expects continued leadership in semiconductor display and innovation-driven growth.

• Strategic focus on “Screen of Things” and “AI+” to drive future business expansion and efficiency.