BOE's R&D investment has exceeded 10 billion for two consecutive years, and its high-value patent layout has safeguarded the company's high-quality development

April 26, 2023 is the 23rd World Intellectual Property Day, which is of great significance for enhancing the whole society's awareness of respecting and protecting intellectual property rights and encouraging innovation . As a leading IoT innovation company, BOE has always upheld respect for technology and persistence in innovation. Since 2021, its R&D investment has exceeded 10 billion yuan for two consecutive years. It is not only the creator of a large number of cutting-edge technologies and the owner of intellectual property rights, but also an advocate and promoter of intellectual property protection. While continuously promoting high-quality technological innovation and holding the largest number of patents in the global industry, BOE also adheres to the concept of inclusiveness to enable technological progress to empower the development of thousands of industries and improve the quality of life of the people.

Guided by the innovation-driven concept, BOE has always invested a relatively high proportion of its revenue in research and development, and has achieved fruitful results in independent patent applications and the formulation of domestic and foreign technical standards. In 2022, BOE's annual R&D investment reached 12.602 billion yuan, accounting for 7.06% of its revenue; the cumulative independent patent applications exceeded 80,000, of which more than 28,000 were related to flexible OLEDs. Among the annual new patent applications, patent applications in cutting-edge technology fields such as flexible OLEDs, sensors, artificial intelligence, and big data accounted for more than 50%, covering many countries and regions at home and abroad. In recent years, BOE's technological innovation strength has been repeatedly recognized by global authoritative institutions. It has not only been ranked in the top 20 of the IFI US patent authorization rankings for five consecutive years, but also has been listed in a series of highly authoritative lists such as Clarivate Analytics' top 100 innovation institutions in the world. According to the 2022 global PCT international patent application rankings announced by the World Intellectual Property Organization (WIPO) in February this year, BOE's PCT patent application volume ranked seventh in the world, and has entered the top 10 of global PCT patent applications for the seventh consecutive year, demonstrating a strong R&D level and innovation strength. Moreover, as a leading company in the global semiconductor display industry, BOE is accelerating its progress from a leader in technological innovation to a setter of industry standards. As of 2022, BOE has hosted and participated in the formulation and revision of 329 domestic and international technical standards, including ISO, IEC, ITU international standards, Chinese national standards, electronic industry standards and group standards, covering LCD, flexible OLED, MLED, ultra-high definition, healthy display, smart window, fingerprint recognition, Internet of Things, smart finance and mobile health.

Behind BOE's rapidly growing intellectual property achievements is a sound patent management system and a strong technology innovation system. BOE focuses on high-value patent layout, relying on the three major supports of internal intellectual property management system, capability improvement platform, and external resource platform, and referring to the concept of ISO9001 international quality management system, it has tailored its own patent quality management system, covering the entire process of patent application and layout, patent attack and defense, and patent operation. At the same time, BOE continues to carry out basic technology and cutting-edge technology research and development, and has created a "1+1+3" technology innovation platform, including 1 national engineering research center, 1 innovation headquarters, and 3 innovation sub-centers in Beijing, Chengdu, and Hefei. It also continues to promote the transformation and implementation of technology research and development results through a huge product platform formed by 17 leading semiconductor display production lines and 4 smart manufacturing factories .

In order to enable technological innovation to continue to empower thousands of industries and patent results to benefit the general public, in 2021, BOE (BOE Technology Group Co., Ltd.) jointly launched the AIoT Patent Pool and the "Science and Technology for the Benefit of People's Livelihood" public welfare patent pool with a number of innovative artificial intelligence and Internet of Things companies. Using AIoT technologies related to computer vision, speech and natural language processing, it will empower technological upgrades in thousands of industries and help small and micro enterprises develop with high-quality development; at the same time, it will use smart medical and engineering integration technologies such as assistance for the disabled and elderly-friendly technologies to provide more intelligent and convenient services for the daily lives of vulnerable groups, and practice corporate social responsibility of benefiting people's livelihood with science and technology.

2023 marks the 30th anniversary of BOE. Faced with the vigorous development of a new round of scientific and technological revolution and industrial transformation, innovation has become a key engine driving economic growth and social development . Over the past 30 years, BOE has adhered to the concept of "inheritance, innovation, and development" and has grown into a leading company in the global display industry. Looking to the future, BOE will continue to play the role of the main body of corporate scientific and technological innovation, accelerate the layout of high-value patents and the construction of industrial innovation ecology, promote cutting-edge technological innovations such as display, Internet of Things, and artificial intelligence, and write a chapter of high-quality development in the magnificent new era of "display connecting everything"!