BOE(000725)2024-04-11 10:00Financial Performance - The estimated net profit attributable to shareholders for Q1 2024 is projected to be between 800 million and 1 billion CNY, representing a year-on-year growth of 223% to 304% compared to 247.32 million CNY in the same period last year[3]. - The net profit after deducting non-recurring gains and losses is expected to be between 460 million and 660 million CNY, a significant improvement from a loss of 1.66793 billion CNY in the previous year[3]. - Basic earnings per share are anticipated to be approximately 0.021 to 0.026 CNY, compared to 0.003 CNY per share in the same period last year[3]. - Detailed financial data for Q1 2024 will be disclosed in the quarterly report, urging investors to pay attention to investment risks[6]. Industry Trends - The semiconductor display industry is experiencing a recovery in Q1 2024 due to favorable supply conditions and early release of downstream demand, despite being in a traditional off-season[4]. - In the LCD segment, the demand has been boosted by preparations for sports events and rising price expectations, leading to an early release of customer orders[5]. Product Performance - The company achieved a record high shipment of flexible AMOLED products in 2023, with Q1 2024 shipments continuing to grow year-on-year, and a target of 160 million units for the full year, representing over 30% growth[5]. Strategic Focus - The company aims to focus on "core business and high-quality development" in 2024, enhancing operational efficiency and technology levels under the "Screen IoT" strategy[5]. - The company plans to improve profitability of mature production lines as shipment volumes increase and high-end products gain traction, despite facing significant depreciation pressure in the AMOLED business[5]. - The company emphasizes a "demand-driven production" strategy, with production rates improving significantly in March following order releases[5].