BOE A: As the overall concentration of the LCD industry increases, the supply landscape continues to improve, and the industry is entering a rebalancing period

China Securities Journal Online News: On March 13, BOE Technology Group Co., Ltd. responded to investor questions on the interactive platform, stating that as the overall concentration of the LCD industry increases and supply patterns continue to improve, the industry is entering a rebalancing period: on one hand, supply is entering a stock era, with demand for large sizes and new technologies continuously empowering terminal product upgrades. On the other hand, industry structure is being reshaped, shifting from a focus on “scale and market share” to “high profitability, high technology, and high added value.” As a leading company in the industry, the company is practicing “on-demand production” and continuously moving toward high-quality development. Although the OLED industry faces significant short-term competitive pressure, it is believed that through ongoing technological innovation and joint efforts across the supply chain, it will also enter a healthy development track. The perovskite business is currently in pilot testing; the company is optimistic about its long-term development and will advance industrialization in an orderly manner based on research progress. The perovskite and advanced glass-based packaging businesses, as representative businesses under the company’s “N-curve” strategic upgrade theory, will continue to drive the company’s growth toward the future. In terms of R&D, as a leading display industry enterprise, BOE insists on innovation-led development, maintaining technological innovation and leadership through continuous R&D investment, further consolidating its industry position. At the same time, the company has established a comprehensive R&D management system to ensure efficient and orderly R&D activities.

(Edited by Ren Shibi)