Shulou(Shulou.com)11/24 Report--

CTOnews.com October 30 news, BOE Technology Group has now released the latest results. In the third quarter, BOE's revenue was 41.134 billion yuan, down 26.79% from the same period last year, while its mother's net profit lost 1.305 billion yuan, down 118.01% from the same period last year.

In the first three quarters of 2022, BOE's revenue was 132.744 billion yuan, down 19.45% from the same period last year, while its net profit was 5.291 billion yuan, down 73.75% from the same period last year.

From January to September 2022, JD.com set aside a total of 7.48222 billion yuan for the impairment of various assets, and the impairment loss affected the total profit of-2.95717 billion yuan. After considering the income tax and the profit and loss of minority shareholders, the impairment loss affects the net profit belonging to the owner of the parent company from January to September 2022-2.15526 billion yuan, and the owner's equity of the parent company at the end of September 2022-2.15526 billion yuan.

In addition, BOE announced that the company's holding subsidiary Beijing BOE Chuangyuan Technology Co., Ltd. plans to invest in the construction of the sixth generation semiconductor display device production line project using LTPO technology in the Beijing Economic and technological Development Zone, focusing on the layout of the VR display product market, further enriching the company's product structure, and consolidating the company's leading position in the semiconductor display industry. The total investment is about 29 billion yuan.

By the close of trading on October 28, BOE A had quoted 3.51 yuan per share, with a market capitalization of 133.85 billion yuan.

CTOnews.com has reported that the global smartphone display panel market generated $20 billion in revenue in the first half of 2022, according to a report by market research firm StrategyAnalytics. Samsung (53%), BOE (15%) and Tianma Microelectronics (8%) occupy the top three, which together account for nearly 76% of the global smartphone display panel market.

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