BOE (Beijing Oriental) has achieved stable and resilient development in the first three quarters of 2022, investing in the new track of the Metaverse

BOE's development is stable and resilient in the first three quarters of 2022, investing in new tracks in the Metaverse

On October 30, BOE Technology Group Co., Ltd. released its third quarter report for 2022. In the first three quarters, the company achieved operating income of 132.744 billion yuan and net profit attributable to shareholders of listed companies of 5.291 billion yuan. Facing multiple changes and challenges in the industry, economy and market demand, BOE relies on its deep technical strength, solid market leadership and strong risk resistance capabilities to continue to promote "screen" while maintaining its global leadership in semiconductor display. The "Internet of Things" strategy has been implemented in multiple business application scenarios, strengthening the ecological integration and collaboration of the industrial chain, and using innovation to drive enterprise development while maintaining stability and resilience.

On the day the third quarterly report was released, BOE also announced the construction of an LTPO production line. The announcement stated that in order to further strengthen the layout of the rapidly developing "Metaverse" market, BOE plans to invest 29 billion yuan to build a new 6th generation semiconductor display device production line project in Beijing using LTPO (low temperature polycrystalline oxide) technology. It mainly produces VR displays, etc., which are the core components of the Metaverse. As an important promoter and enabler of the global Metaverse industry, BOE has been developing and developing key components, system solutions, application innovations and other aspects for many years. The investment and construction of this LTPO display production line will further enhance BOE's technological innovation leadership in the field of semiconductor display and consolidate its leadership in the global display industry. It is also in line with the company's long-term planning and strategic layout. The investment and construction of this production line is also an important measure for BOE to implement the "Screen IoT" strategy. While meeting the rising needs of emerging markets, it will help promote the optimization and upgrading of my country's display industry and accelerate cutting-edge display technology. Iterative innovation leads the global VR industry to accelerate into the "metaverse" era.

As the world's leading semiconductor display company, BOE (BOE) has made steady progress in the display field in the first three quarters of 2022. According to data from market research institutions, the company continues to rank first in the world in overall global LCD shipments and shipments in five major application fields. In the third quarter, we joined hands with many well-known global customers to launch a series of industry-leading innovative products: In July, BOE exclusively supplied the Honor 8 tablet computer and provided integrated design, R&D, and production from the screen to the entire machine. The ODM full-process solution fully demonstrates BOE's excellent smart terminal development and manufacturing capabilities; in August, ASUS's first ultra-large foldable notebook Zenbook 17 Fold, exclusively supplied by BOE, was launched. The product is equipped with a 17.3-inch folding OLED display powered by the f-OLED flexible display technology brand, demonstrating BOE's leadership and innovative strength in the field of OLED large-size smart terminal displays; flexible display has always been BOE's As one of its core businesses, it has continued to achieve breakthroughs in technology and business layout since the third quarter. BOE (BOE) disclosed for the first time its layout of a 100-billion-level flexible OLED industry cluster in the southwest region, and launched a new generation of Q9 light-emitting devices and a new self-developed Blue Diamond™ pixel arrangement, fully demonstrating its leading flexible OLED display Technology, intelligent interactive innovative application scenarios, and strong intelligent manufacturing capabilities further establish BOE's global leadership in the OLED field. In September, the Hisense U8H ultra-high-definition TV equipped with BOE's unique ADS Pro high-end LCD display technology solution was released, bringing an ultimate shocking experience comparable to OLED TVs and becoming a new benchmark for high-end flagship TVs in the industry. In addition, BOE's smart vehicle-mounted business has developed rapidly in recent years. According to Omdia data, in the first half of 2022, BOE's vehicle-mounted display shipments and shipment area have jumped to No. 1 in the world. In the third quarter, BOE also gained a lot in the field of in-vehicle displays. It successively provided nearly 30-inch high-definition central control screen + passenger entertainment screen system-level integrated display solutions for Xiaopeng’s flagship model G9, and provided nearly 35-inch integrated display solutions for the ideal L8. 2-inch central control and passenger dual screens and a 15.7-inch ceiling screen in the rear, leading the new future of human-vehicle interaction in smart cockpits.

As a global IoT innovator, BOE realized more IoT segmentation scenarios in the third quarter, making IoT innovation gradually become a new engine for the company's growth. In the field of smart finance, BOE has provided overall smart financial solution services to 2,800 outlets of multiple banks in 20 provinces. BOE took the lead in compiling the first domestic group standard for the intelligent transformation of financial outlets, "Internet of Things" "Technical Requirements for Smart Bank Branch Management and Control System" has been officially released recently; in the field of smart parks, BOE (BOE) has built an end-to-end full scenario covering management, service, and operation for Taoxichuan Cultural and Creative Street and Taoyangli Historical Street in Jingdezhen. , full-factor, full-cycle smart park solutions to help the Millennium Porcelain City build a smart cultural and tourism park; smart retail solutions have currently provided retail IoT solutions to more than 300 retailers and more than 30,000 stores around the world, BOE (BOE) ) The VUSION series of electronic price tag products won the product carbon footprint verification and assessment report issued by SGS, a third-party testing, inspection and certification agency, becoming the first carbon footprint assessment report for electronic price tag products in the global retail sector. In the field of smart travel, BOE provides Changsha Tongzipo Road with a smart bus station solution that integrates software and hardware, including display terminals, smart livelihood service facilities, and smart bus management and control platforms, becoming a "screen-based Internet of Things" that empowers the digitization of smart travel. Benchmark case; in the field of visual arts, in recent years, BOE's self-developed AI image quality enhancement technology and service solutions have successively joined hands with the China Film Museum, Beijing Radio and Television Station, and Guangdong Radio and Television Station to help rejuvenate many historical classic images. Recently, more Cooperated with the National Theater of China to provide exclusive technical support for the restoration of historical materials in its key plays with historical themes.

In terms of sensing business, in the third quarter, the medical imaging business revenue increased by 12% year-on-year and 21% month-on-month; the biological detection business completed the implementation of 2 customer projects. In the MLED business, the 65-inch OGM Touch product using OGM capacitive touch technology independently developed by BOE also successfully achieved mass production and delivery in September; BOE and Raytheon jointly launched a limited edition of 16-inch Mini LED laptop products, leading the high-end Laptops are a new trend. In terms of smart medical industry, the new drug clinical trial application of "Human Umbilical Cord Mesenchymal Stem Cell Diaphragm" independently developed by BOE (BOE) was accepted. This is also the first domestic stem cell diaphragm new drug clinical trial application to obtain drug review by the National Medical Products Administration. The evaluation center accepted the application, which provides a wide range of clinical application prospects for the treatment of ischemic cardiovascular diseases; in addition, the fully automatic nucleic acid amplification analyzer (model NAT-3000) independently developed and produced by BOE Zhi Microbiology has obtained the approval of the National Medical Products Administration (NMPA) ) Class III medical device registration certificate (National Medical Device Registration Certificate 20223221029). The approval of this product marks the official entry of the domestic “gold standard” nucleic acid test into a new era of 30 minutes.

With its continuous attempts and successful breakthroughs in the field of brand innovation and marketing in recent years, BOE was selected into the first ecological brand certification list in 2022 jointly released by Kantar Group, Finance magazine, and Saïd Business School of Oxford University. It is in the "leader" position in the list. In August, BOE officially launched the one-month "Screen Strength Becomes the King" series of e-sports experience activities. It launched the first immersive e-sports experience cabin "BBBBox" (BOE Big Best Box) and joined hands with People's E-sports to start the " BOE King’s Cup·People’s E-sports Super League King of Glory Challenge” will help the rapid development of China’s e-sports industry. It is worth mentioning that during the third quarter, BOE also creatively launched its first homemade technology popular science variety show "BOE Worry-Relief Laboratory" and a series of technology salon activities, through "online + offline" omni-channel, three-dimensional The marketing and promotion method brings BOE’s many innovative technological achievements in the fields of flexible, 8K, high-brush, vehicle-mounted, MLED, digital art/visual art to the stage in a relaxed and lively way, successfully breaking out of the circle and leveraging the billion-level Spread the word and lead technology companies to innovate the new trend of "breaking the circle" marketing.