BOE A Announces Strong 2024 Semi-annual Performance Forecast

TapTechNews July 12th news, BOE A released the semi-annual performance forecast for 2024, expecting to achieve a net profit attributable to shareholders of the listed company of 2.1 billion to 2.3 billion yuan in the first half of 2024, with a year-on-year growth of 185% to 213%.

TapTechNews noted that BOE's net profit after deducting non-recurring损益 in the first half of this year is about 1.45 billion to 1.65 billion yuan, achieving a turnaround from loss to profit year-on-year.

BOE stated that in the first half of the year, the prosperity of the semiconductor display industry rose, the industry pattern continued to optimize, and the company's operating situation improved year-on-year. With the continuous increase of the penetration rate of AMOLED products, the shipment volume of BOE's flexible AMOLED products maintained growth year-on-year in the first half of the year.