BOE A: Expected profit of 7.1 billion to 7.3 billion yuan, up 430% to 445% year-on-year

On October 7, BOE A released its earnings forecast, predicting that the net profit attributable to shareholders of the listed company in the first three quarters of 2021 will be 19.862 billion yuan to 20.062 billion yuan, a year-on-year increase of 702% to 710%. Among them, the net profit attributable to shareholders of the listed company in the third quarter will be 7.1 billion yuan to 7.3 billion yuan, a year-on-year increase of 430% to 445%.

As for the reasons for the performance changes, BOE pointed out that it was mainly due to:

1. In the first three quarters of 2021, the overall prosperity of the semiconductor display industry was higher than that of the same period last year. The company's market share in mainstream LCD applications further increased, and the company's operating performance increased significantly compared with the same period last year.

2. In the first half of the year, due to continued strong demand and continued tight supply caused by shortage of raw materials such as driver ICs, prices of various products such as IT and TV rose to varying degrees; in the third quarter, due to the congestion of sea transportation and rising logistics costs, downstream customers were reluctant to stock up, and TV product prices underwent structural adjustments; IT products remained stable thanks to better demand and supply concentration. The company still maintains a good profit level by relying on good products, customer structure, and leading technology and product strength.

3. In the first three quarters of 2021, the company's display business, sensor and solution business, MLED business, smart system innovation business and smart medical engineering business have achieved rapid development. In the future, the company will continue to optimize its product structure and continue to advance the transformation process of the Internet of Things.