May 20, 2024

BOE is supported by the National Open Bank to further deploy smart ecological chain

On January 24, 2018, BOE Technology Group Co., Ltd. and China Development Bank signed the "Developmental Financial Cooperation Agreement" in Beijing. In the next five years, the two sides will achieve a strategic cooperation of 100 billion yuan in all types of financial products to achieve common development and mutual benefit.
Due to the growth of smart phones and the positive information of the OLED panel market, BOE (BOE) began to actively accelerate the expansion process. HEA understands that the cooperation between BOE (BOE) and the China Development Bank will accelerate the progress of its sixth-generation flexible AMOLED production line in Mianyang and the 10.5-generation TFT-LCD production line in Wuhan. According to industry sources, BOE expects to ship 19 million smartphone OLED screens in 2018 and 41 million shipments in 2019.
The OLED market is showing a rising curve. The profit growth of the A-shares of BOE has broken ten times. Last year, the display industry in China experienced further development. BOE Chengdu's 6th generation flexible OLED panel production line has been successfully mass-produced, breaking the Korean company’s monopoly on flexible OLED panels and opening the curtain for import and replacement of flexible OLED panels in China. In this context, the OLED technology blue chip stocks represented by BOE A also shined in the A-share market last year.

According to the three quarterly reports of last year, of the 60 OLED-related listed companies in the two cities, there were 49 companies with a year-on-year growth in their performance during the reporting period, accounting for more than 80% of the total. Among them, the net profit attributable to the parent company of BOE A, Chengzhi Co., Ltd., and Jinfu Technology increased by more than 10 times during the reporting period.
Due to the increasing popularity of OLED screens in mainstream smartphone brand new products and the increasing demand for large OLED screens such as TV screens, some research institutions predict that the huge demand for OLEDs will drive about 600 billion yuan in investment in the next three years. Industry sources estimate that flexible OLED screens will continue to be sellers' markets in the future, and their performance will be very flexible. The upstream materials and equipment sector will usher in development opportunities.
BOE Cross-Border Exhibition Smart Healthcare Layout Smart Ecological Chain As an Internet of Things company that provides intelligent port products and professional services for information interaction and human health, BOE (BOE) will expand its OLED production line and display technology and sensing accumulated over the years. Combining technology, big data and healthcare services, we will develop cutting-edge medical technologies such as mobile health, digital hospitals, and regenerative medicine through cross-border innovation. In this cooperation with the National Open Bank, accelerating the distribution of digital hospitals such as Hefei and Chengdu and promoting the development of smart manufacturing projects such as Hefei and Suzhou is also one of the major goals.
It is reported that BOE (BOE) has invested in Cnoga, an Israeli company that specializes in research and development of innovative noninvasive medical devices, and has launched a number of portable multiparameter professional medical devices. Among them, BOE (BOE) non-invasive blood monitoring consists of non-invasive multi-parameter detector (MTX) and BOE (BOE) mobile health APP, using non-invasive technology to help users monitor and record 14 blood parameters within 1 minute, easily Master blood health trends.
In addition, BOE (BOE)'s first high-end general hospital, Beijing Mingde Hospital, has successfully passed the JCI international accreditation certification in 2016 and obtained the JCI qualification certificate, which indicates that its medical quality and patient safety have reached the international “gold standard”. With the support of the National Open Bank, BOE (BOE)'s digital hospital in Hefei will also be opened this year to bring more convenient health care to patients.

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