On August 28th, BOE A released its 2018 semi-annual report. The data shows that the company achieved operating income of 43.474 billion yuan in the first half of the year, down 2.54% year-on-year; net profit attributable to shareholders of listed companies was 2.975 billion yuan, down 30.85% year-on-year. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 979 million yuan, down 75.64% year-on-year; the net cash flow from operating activities was 11.44 billion yuan, up 7.53% year-on-year.
According to IHS Markit (global information consulting company) data, in the first half of 2018, BOE's display shipments reached nearly 400 million pieces, an increase of over 35% year-on-year, ranking first in the world. Among them, the five major display screens accounted for the same market share. Ranked first in the world: Smartphone LCD display, tablet display, notebook display market share continues to be the world's number one, display display, TV display rose to the world's first.
In the first half of 2018, the company added 4,810 new patent applications and 2611 new patents, including 923 US patents, an increase of more than 32% year-on-year. As of June 2018, BOE has accumulated more than 70,000 patents. Accumulated more than 21,000 patents granted.
For the double decline in revenue and net profit, BOE said in the financial report: The overall growth of the display device market is lower than expected, oversupply, market prices all the way down. The five major markets are in a state of basic saturation and limited growth space.
Nail Technology believes that due to the market situation in the first half of the year, BOE's net profit is inevitable. In this context, BOE needs to optimize its product structure, accelerate the research of new display devices AMOLED, increase production line yield and increase shipments. At the same time, from the financial report data, BOE A is not only the display business, the Internet of Things solution business involving smart retail, digital art, smart transportation, smart home, smart medical and other fields should also speed up, find new growth points for the company. .