BOE is officially forecasting a very good first-quarter performance with record-breaking revenue and substantial profit growth. The display giant announced Q1 2025 revenue growth exceeding 10% year-over-year (YoY), reaching an all-time Q1 high. Net profit attributable to shareholders topped 1.6 billion yuan ($223 million), a 63% YoY increase, while adjusted net profit, excluding non-recurring items, surpassed 1.3 billion yuan ($181 million), a big118% YoY jump.
The LCD segment delivered particularly strong results, benefiting from China’s continued trade-in policy incentives and inventory building by overseas customers. Television display products specifically experienced both volume and price increases during the quarter. Meanwhile, the company’s flexible AMOLED business showed operational improvements compared to the same period last year, despite Q1 traditionally being a slow season for the industry. The company indicated that mid-to-low-end smartphones saw more significant benefits from China’s trade-in policies.
Looking ahead, BOE plans to maintain its focus on high-end markets, particularly foldable displays, while expanding into automotive and IT applications for medium-sized innovative products. These initiatives align with the company’s long-term strategy to strengthen its competitive position in the flexible AMOLED business segment. In this segment, BOE shipped approximately 140 million panels in 2024. The company successfully mass-produced the world’s first tri-fold product and increased its foldable display shipments by 40% YoY. Its Tandem dual-layer technology also gained traction in flagship smartphones
BOE reported exceptional financial performance for fiscal year 2024, with total revenue reaching 198.38 billion yuan ($27.67 billion) and net profit more than doubling YoY, according to the company’s preliminary earnings report. The company posted a 13.66% YoY increase in total revenue while net profit attributable to shareholders surged 108.97% to 5.32 billion yuan ($742 million). Even more impressive was the company’s adjusted net profit (excluding non-recurring items), which reached 3.84 billion yuan ($536 million) compared to a loss of 632.56 million yuan in the previous year, a remarkable 706.6% turnaround..
