A：Company Basic Information
Full Name: BOE Technology Group Co., Ltd.
Stock Code: 000725.SZ
Stock Abbreviation: 京东方A
Region: Beijing, China
Industry: Electronics Manufacturing
Establishment Date: April 9, 1993
Founder: Wang Dongsheng
Company Website: https://www.boe.com.cn
Registered Address: No. 8 North Tongji Road, Beijing Economic-Technological Development Area, Beijing
Total Share Capital: As of September 30, 2024, the total share capital is 32.997 billion shares
Business Scope: Manufacturing and sales of liquid crystal display panels, organic light-emitting diode (OLED) displays, and other electronic components.
Company Profile: BOE Technology Group Co., Ltd. is a global leading manufacturer of semiconductor display technologies and products. The company's business covers a wide range of areas including liquid crystal display panels, OLED displays, and other electronic components, with products widely used in various fields such as mobile phones, tablets, laptops, televisions, automotive, and medical devices.
B：Value Investment Analysis
Key Financial Indicators:
Operating Income: For the first half of 2024, the operating income reached 152.304 billion yuan, a year-on-year increase of 9.7%.
Net Profit: For the first half of 2024, the net profit attributable to the parent company was 15.069 billion yuan, a year-on-year increase of 13.8%.
R&D Investment: [Data to be queried]
Gross Margin: For the first half of 2024, the gross margin was 23.8%, a year-on-year decrease of 0.9 percentage points.
Net Profit Margin: For the first half of 2024, the net profit margin was 9.9%, a year-on-year increase of 0.3 percentage points.
ROE: For the first half of 2024, the ROE was 13.3%.
Company Investment Value:
BOE Technology Group, as a global leader in the semiconductor display industry, possesses strong R&D capabilities and a broad product line. The company's continuous innovation and product upgrades in the field of display devices provide a solid foundation for its sustained growth. With the recovery of the global electronics market and the company's layout in high-growth fields such as new energy vehicles, AI, and data centers, the company is expected to achieve steady growth in performance.
Company Growth Potential:
The growth potential of BOE Technology Group mainly comes from several aspects: First, with the recovery of the global electronics market, the company's main product lines are expected to achieve sales growth; second, the company's layout in emerging fields such as new energy vehicles, AI, and data centers is expected to bring new growth points; finally, the company's continuous expansion in overseas markets will further enhance its global competitiveness.
Industry Support Policies:
BOE Technology Group benefits from the national support policies for the high-tech industry, including tax incentives, financial support, and R&D subsidies. These policies help reduce the company's R&D costs, improve the competitiveness of its products, and also provide policy guarantees for the company's sustainable development.
International Policy Risks:
The current international situation is complex and changeable. Trade frictions and technology blockades may have certain impacts on the company's supply chain and market expansion. However, BOE Technology Group actively responds to international policy risks by strengthening independent research and development and cooperation, striving to ensure the stable development of the company.
A.Top's Investment Review:
BOE Technology Group, as a global leader in the semiconductor display industry, demonstrates good investment value and growth potential with its technological advantages and brand influence in fields such as display devices, smart systems, and health services. With the recovery of the global electronics market and the company's active layout in high-growth fields, the company is expected to achieve steady growth in performance.