BOE’s Net Profit In The First Quarter Of This Year Was 2 Billion Yuan, A Year-on-year Decrease Of 16.34%
Apr 25, 2018
On April 24, BOE issued its financial report for the first quarter of this year last night. According to the report, BOE’s revenue in the first quarter of this year was 21.567 billion yuan, a year-on-year decrease of 1.32%; net profit was 2.018 billion yuan, a year-on-year decrease of 16.34%.
The net cash flow generated by BOE’s operating activities in the first quarter was almost RMB 7.2 billion, a year-on-year increase of 15.80%.
BOE also released its 2017 annual report last night. The report shows that BOE’s operating revenue reached 93.8 billion yuan last year, an increase of 36.15% year-on-year, and a net profit of 7.568 billion yuan, a year-on-year increase of 301.99%, which has created the best historical results.
The specific operating conditions of each business unit are as follows:
Display and Sensors Business (DBG)
In 2017, the market share of the top five display devices for traditional display devices continued to lead the market, and the shipments of smartphone LCD screens, tablet computer screens, and notebook computer screens all ranked first in the world. Display displays and television displays were shipped. Ranked second in the world; breakthrough in OLED business, China's first and sixth global flexible 6th generation flexible AMOLED production line - BOE Chengdu 6th generation flexible AMOLED production line achieved product to light up in May 2017, and achieved mass production delivery in October The first TFT-LCD highest generation production line in the world--BOE Hefei's 10.5th generation TFT-LCD production line was lighted up and put into production ahead of schedule in December; Fuzhou's 8.5th generation TFT-LCD production line achieved product delivery in February.
X-ray realizes mass sales, gene sequencing achieves brand customer shipments, molecular antenna, multi-body sign sensing, and security sensing complete sample production. The customer's pioneering ability continued to increase. The number of first suppliers reached 9 more than the same period of the year.
The gross profit rate of display and sensor parts business was 25.00%, and the gross profit rate increased by 8.04% over the same period of last year.
Smart System Business (SBG)
Zhizhi Services ranked the fourth in the world in TV and MNT market share. Smart Car Liandai perspective double-decked imaging on-board display shows the completion of prototype development, intelligent rear-view mirror technology platform to complete the development, Chengdu vehicle base successfully completed customer certification.
ESL (Electronic Shelf Label) collaborated with Alibaba, JD.com and many other customers to innovate the retail ecosystem. iBank successfully developed five customers and independently completed the overall solution of the two smart banks and realized customer delivery.
The gross profit margin of the smart system business was 8.47%, and the gross profit margin decreased by 0.06% over the same period of last year.
Health Service Business (HBG)
The structure of Hefei Digital Hospital was sealed in September. Chengdu Digital Hospital completed the framework agreement and signed with the project company. Mobile health product MTX (non-invasive multi-parameter detector) was put on the market, and COG (non-invasive combination glucose meter) successfully passed CFDA certification; The cell screening project completed the glass-colloid structure microfluidic chip preparation; the interference-free blood pressure test and skin cancer screening project completed the completion of the diagnostic model; the regenerative medical cell laboratory started operations and completed three kinds of cell membrane sample preparation.
According to BOE, in 2017, the company had 8,678 new patent applications, of which 85% were invention patents and accumulated more than 60,000 patents, ranking the top in the global industry. The company has more than 3,000 new patent applications overseas, covering the United States, Europe, Japan, South Korea and other countries and regions. US commercial patent data show that BOE’s global ranking of U.S. patent grants jumped from 40th in 2016 to 21st in 2017, U.S. patent grants reached 1,413, a year-on-year increase of 62%, and has become the US IFI TOP50 growth rate for two years in a row. The fastest company. The World Intellectual Property Organization (WIPO) released the 2017 Global International Patent Application (PCT). BOE ranked seventh in the world with 1,818 PCT applications.
This morning, BOE A (SZ:000725) fell 0.64% to 4.65 yuan, with a total market value of about 161.813 billion yuan.
