BOE posted Q3 results, reporting a 13.6% YoY revenue increase to 143.7 billion yuan ($20.2 billion) for the first three quarters. Net profits for shareholders surged 223.8% YoY, reaching 3.3 billion yuan ($463.8 million). Q3 alone saw BOE pull in 50.3 billion yuan ($7 billion) in revenue, up 8.6% YoY, with quarterly net profits spiking by 258.2% to 1.03 billion yuan ($144.8 million).
TCL, while seeing a 7.6% dip in total revenue to 123 billion yuan ($17.3 billion) over the first nine months, reported a standout performance in its semiconductor display sector. The division saw a 25.7% rise in revenue to 76.9 billion yuan ($10.8 billion), lifting net profits by 6.07 billion yuan ($853.1 million) YoY. The company also maintained a strong cash flow, with 19.8 billion yuan ($2.8 billion) generated from operations. Despite an economic slowdown dampening demand for large panels, TCL capitalized on its strength in large-format displays, securing top positions globally in the 65-inch and 75-inch TV panel segments.
Tianma saw revenue in Q3 reach 24 billion yuan ($3.4 billion). Though Tianma posted a net loss of 473 million yuan ($66.5 million), the figure marked a significant improvement, reducing losses by 73.6% YoY. Tianma’s cost cutting and efficiencies resulted in positive operating cash flow, hitting 4.5 billion yuan ($632.4 million) for the quarter.
Visionox’s Q3 revenue rose 41.9% YoY to 5.8 billion yuan ($815.1 million), although the company reported a net loss of 1.79 billion yuan ($251.6 million), narrowing losses by 29.2% YoY.
