BOE A (000725) responded to investors’ concerns on June 30 on the investor relations platform.

Investors: The company provides panels to those car companies. BOE Secretary A: Hello!

The company maintains good cooperative relationships with mainstream global automobile manufacturers, including traditional automobile companies, well-known Tier1 manufacturers, etc., as well as "new automobile manufacturing forces" such as Weilai, Xiaopeng, and Ideal.

Thanks!

Investor: Does the company have products used in automotive display screens? What is the profit?

Approximately how much of the company's revenue does it account for?

Secretary A of BOE: Hello!

BOE has been deeply involved in the field of vehicle display for many years. It has launched flexible AMOLED, flexible multi-screen, and curved display in many vehicle display subdivisions such as automotive instrumentation, central control assembly, entertainment system display, head-up display, rearview mirror, etc.

, full-laminated display, BD Cell, Mini LED, super-large display and many other representative cutting-edge technology products, and are fully used in global mainstream automobile brands such as China, the United States, Germany, the United Kingdom, Japan, and South Korea.

According to third-party data, the company's market share of 8-inch or above vehicle-mounted displays will rank first in the world in 2021.

The company's in-vehicle display business is developing well and its operating income is growing rapidly. BOE Precision is a subsidiary of the company and is the company's in-vehicle display business platform. For specific financial information, you can refer to the regular reports disclosed by BOE Precision (0710.HK).

Thanks!

Investor: In fact, BOE can vigorously expand in the vehicle-machine system.

I believe the company has also seen the most typical relationship between Huawei and new energy vehicles.

BOE can do better with Huawei’s layout in car-machine systems.

From the beginning of supporting low-end mobile phones for operators to the discovery of the high-end mobile phone market, Huawei has now discovered that China is taking the lead in new energy vehicles and has stepped in. It is developing its efforts in the two largest consumer goods fields.

The biggest selling point of new energy vehicles is actually Screen IoT. Chinese consumers like cool vehicle systems.

Both cars and mobile phones should be BOE’s strongest points.

It is recommended that the company cooperate with CATL, SAIC, and GAC.

Consumer products are better than commercial products!

Secretary A of BOE: Hello!

Thank you for your suggestion.

At present, the company maintains good cooperative relations with mainstream global automobile manufacturers, including traditional automobile companies, well-known Tier1 manufacturers, etc., as well as "new automobile manufacturing forces" such as Weilai, Xiaopeng, and Ideal.

Thanks!

Investors: As representatives of high-tech companies.

BOE should re-plan its future based on the new situation of world economic development.

First reduce dividends and then invest funds in further development.

2 billion is invested in the development of high-end folding screen mobile phones every year, and promotion by company employees and retail investors can drive the rise of BOE's mobile phone industry.

In the display materials industry, companies can invest 1 billion per year.

New energy vehicle related system development is jointly developed with SAIC and GAC.

A company in the solar energy industry establishes a research and development center for new photovoltaic semiconductor materials.

Energy storage batteries can intervene in newer areas of electrochemical materials research.

As for other commercial scenarios and homes, home appliance companies can just maintain their previous strategies.

Secretary A of BOE: Hello!

Thank you for your suggestion.

The company has always focused on the safe construction and coordinated development of the industrial chain, and continues to actively deploy the industrial chain to promote better and sustainable development of the industrial chain.

At present, the company has assisted dozens of upstream material and equipment partners to grow rapidly and healthily through its own and industrial funds.

In terms of smart cockpit, the company has signed strategic cooperation agreements with SAIC Passenger Cars, Chongqing Changan Automobile, etc., and is committed to jointly creating a new future smart travel ecosystem in the field of smart cockpit display and intelligence, and jointly promoting the development of in-vehicle display and interaction fields.

Product Innovation.

At the same time, the company maintains good cooperative relationships with mainstream global automobile manufacturers, including traditional automobile companies, well-known Tier1 manufacturers, etc., as well as "new automobile manufacturing forces" such as Weilai, Xiaopeng, and Ideal.

In terms of smart energy, the company has expanded its businesses such as self-sustained power stations, intelligent operation and maintenance, energy construction, energy-saving services, and power trading.

Thanks!

Investor: Hello, Secretary to the Board, does your company have any strategic plans to acquire competitors? Secretary to the Board of BOE A: Hello!

Horizontal integration of the industry will help increase concentration, and leading companies in the industry will continue to make profits in terms of products, technology, and markets.

The company is open to participating in industry consolidation.

Thanks!

Investor: Has the company's B-share repurchase and foreign exchange purchases been carried out? Have any problems been encountered?

It has been nearly two months since the shareholders' meeting and the foreign exchange purchase has not been completed. Is there a high chance that the buyback will not proceed normally?

Secretary A of BOE: Hello!

The company conducted its first repurchase on June 27, 2022. Please see the announcement for details.

Regarding the progress of the B-share repurchase, the company will disclose it at the beginning of each month in accordance with relevant requirements.

Thanks!

BOE's A2022 first quarter report shows that the company's main operating income was 50.476 billion yuan, a year-on-year increase of 0.4%; net profit attributable to the parent company was 4.389 billion yuan, a year-on-year decrease of 16.57%; non-net profit after deduction was 3.511 billion yuan, a year-on-year decrease of 23.05%; the debt ratio was 51.23%.

Investment income was 118 million yuan, financial expenses were 487 million yuan, and gross profit margin was 21.38%.