On April 24, 2018, BOE issued the 2017 Annual Report and the 2018 First Quarter Report.
In 2017, BOE achieved an operating income of RMB 93.8 billion, an increase of approximately 36.15% year-on-year, and a net profit of RMB 7.568 billion, an increase of approximately 301.99% year-on-year, which has created the best historical results.
BOE achieved operating revenue of 21.566 billion yuan in the first quarter of 2018, and net profit of 2.018 billion yuan, down 1% and 16% year-on-year respectively.
In 2017, BOE added 8878 new patent applications, including invention patents exceeding 85%. According to the U.S. patent service agency IFI Claims, US patent grant statistics report, BOE’s U.S. patent grants ranked 21st in the world in 2017.
On March 22, 2018, the White House President’s Office released the results of the survey on China’s policies and behaviors in technology transfer, intellectual property, and innovation (“Article 301”). It referred to BOE. BOE is the largest customer of an American company. At the same time, BOE is also a supplier to Apple Inc. As the president of the U.S. who is an entrepreneur, Mr. Trump knows the impact of mutual benefit on the development of the U.S. economy more than any previous U.S. president.
LCD panel is in the upper reaches of the semiconductor industry chain, is a necessity for semiconductors, and is also a cyclical product, with panel prices cyclically fluctuating. BOE's net profit in the first quarter of 2018 was mainly due to the cyclical decline in panel prices.
Recently, we are promoting the cooperation between BOE and other leading listed companies in other industries. The goal is to create new rigid demands with new supply. The products will meet users' high-frequency use requirements, enhance user experience and user value. This will not only expand BOE’s smart system. Business income and profit margins, but also help reduce the impact of cyclical panel price fluctuations on BOE performance.
We hope that the strong cooperation between BOE and other leading listed companies in other industries will create a new “venture” and new economic growth point.
Employees of BOE now voluntarily spend their spare money to purchase BOE stocks. Of the nearly 50,000 employees in BOE, nearly 20,000 have technology and R&D personnel. BOE’s R&D personnel are very aware of the value and market of their R&D projects. Space, They believe in their ability to create wealth, Believe in BOE’s growing profitability. Since its listing in 1997 to 2016, BOE’s accumulated cash dividends totaled 1.968 billion yuan, of which total cash dividend in 2016 was 1.047 billion yuan. Total 2017 BOE cash dividends 174 million yuan.
BOE employees do not participate in 'cutting the leek movement' based on the volatility of stock prices. They neither 'cut' other people's 'chives' or 'cut foods' by others because the fluctuations in the stock price of BOE do not affect the employees' reliance on BOE. The company's ever-increasing profitability and year-by-year increase in stock dividends!
When Gree Electric (49.720, 1.87, 3.91%) (stock code: 000651) was listed in 1996, Gree Electric's chairman Dong Mingzhu bought more than 10,000 yuan in the original shares, and now the market value of this stock has reached more than 10 million yuan. Dong Mingzhu buys Gree Electric shares as long as he has extra money on hand. Now Dong Mingzhu holds a market value of Gree Electric Appliances Co., Ltd. has exceeded RMB 2 billion, and can receive cash dividends of RMB 10 million each year. For more than 20 years, Gree Electric The volatility of the stock price did not affect Dong Mingzhu’s dividends by relying on the company’s ever-increasing profitability and year-by-year increase in stock dividends!
The controlling shareholder of Hailan Home (11.560, 0.04, 0.35%) (stock code: 600398) does not care about the volatility of the stock price of the company, because the income of the controlling shareholders mainly comes from the cash dividend of the company's stock every year. The controlling shareholder and the company executives have all the energy For the company's operation and development, and constantly improve the company's profitability, so the controlling shareholder's annual stock dividends increase year by year. Hailan home is expected to become Asia's largest apparel company.
When Dong Mingzhu, the controlling shareholders of Haicang House, and BOE’s employees relied on the company’s ever-increasing profitability and year-on-year stock dividends to become “rich”, China’s capital market truly realized the original intention of capital serving the industry. .