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

CTOnews.com, November 21 (Xinhua)-- Businesskorea reported last week that BOE provided Samsung with 10% TV panels in the first quarter of this year, while Samsung's device experience (DX) division Q3 removed BOE from its TV and display panel supply chain.

In response to this news, BOE responded to thepaper.cn that the recent rumors about the cooperation between BOE and Samsung were taken out of context by South Korean media based on false information. The supply of BOE and global brand partners is still advancing in an orderly manner according to the current plan.

Earlier this year, Samsung display launched an International Trade Commission (ITC) investigation into Chinese wholesalers, alleging that the wholesalers used stolen patents and technologies to make and sell "cloned" OLED panels. Although Samsung did not target BOE directly, the investigation continued to expand, and ITC began to investigate the BOE deal.

A few months later, BOE responded by filing a number of lawsuits against Samsung's branches in China. In November, Samsung monitors filed an ITC complaint directly against BOE for the first time since the conflict began.

In the third quarter of this year, BOE A's revenue in the third quarter was 46.337 billion yuan, an increase of 12.65% over the same period last year. The net profit attributed to shareholders of listed companies was 286 million yuan, turning losses into profits over the same period last year.

In the first three quarters of 2023, BOE A realized operating income of 126.515 billion yuan, down 4.69% from the same period last year, and realized net profit of 1.022 billion yuan for shareholders of listed companies, down 80.68% from the same period last year.

BOE said its profits had improved quarter by quarter since 2023, with net profit excluding non-recurring gains and losses belonging to shareholders of listed companies continuing to grow in the third quarter compared with the second quarter. The attached performance table of CTOnews.com is as follows:

Related readings:

"although late, it is reported that BOE has begun to supply screens to Apple's iPhone 15 standard edition."

"it is reported that Samsung Electronics has terminated its cooperation with BOE and stopped purchasing its panels."

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