BOE(000725)2024-08-28 12:52Financial Performance - The company's depreciation for the first half of 2024 is approximately 18 billion, with expectations for an increase as new projects are completed and operational [2] - The overall revenue growth for the company is 16%, with all business segments showing growth except for the sensor business, which decreased by 11% [26] Capital Expenditure and Strategy - The capital expenditure plan for the next 3-5 years will focus on the semiconductor display business and extend into four high-potential areas: IoT innovation, sensing, MLED, and smart medical engineering [3] - The company aims to achieve a target of 1.6 billion OLED units for the year, with 65 million units shipped in the first half, reflecting a 25% year-on-year increase [8][33] Market Position and Competition - BOE has become a leading player in the semiconductor display industry, with significant investments in OLED technology, totaling nearly 200 billion in the LCD sector since 2003 [8] - The company acknowledges a competitive gap with Samsung in OLED technology but is committed to improving its product and technology capabilities [22][52] Operational Efficiency - The B7 production line has shown improved operational efficiency, leading to reduced losses, while the B11 line has faced challenges due to client order fluctuations [9] - The company emphasizes continuous improvement in internal operations, supply chain management, and yield enhancement to boost OLED production efficiency [13] Future Outlook - The company maintains confidence in achieving its OLED shipment target despite challenges, with expectations for a strong second half of the year driven by flagship product launches [33] - The dual target of reaching a revenue goal of 100 billion USD remains unchanged, reflecting a long-term strategic vision [21] Investor Relations - The company is considering measures for stock price stabilization, including potential share buybacks and communication with major shareholders [30][40] - There is a commitment to enhancing investor communication and engagement through more frequent offline events [32]