BOE Technology Group Co., Ltd.
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BOE Technology Group is China's largest liquid crystal display panel maker. BOE Technology's biggest competitor in the domestic market is TCL. BOE was established in 1993, following the reorganization of a state-owned vacuum tube plant in Beijing. The company has factories in Beijing, Hefei, Chongqing and other cities. It also has research and development centers in the U.S. and Japan.
BOE mainly produces LCD panels for flat-screen TVs, large monitors and smartphones. Its strength is in LCD panels for smartphones and tablets, a segment in which it holds the largest market share in the world.
The company has rapidly improved its technological capabilities and is building plants to produce the world's first 10.5-generation large panels. It also makes high-definition 8K displays.
BOE has strong fundraising ability, thanks to its backing from the Beijing city government, and is investing heavily in new plant construction, research and development. It is expanding its business in the following areas: LCD panels, displays and lighting technology and health care -- mostly "smart medicine" and hospital management employing information technology.
A state-run entity owned by the Beijing municipal government is BOE's largest shareholder with over 10% of its outstanding shares. The company has an employee stock ownership plan and was among the first state-owned companies to introduce a performance-based compensation system. With other Chinese manufacturers increasing investment to boost production of LCD panels, intensifying competition is a source of concern.
|Income before tax||5,648.42M||818.34M|
|Dividends Per Share||0.10||0.01|
|Operating cash flow||39,330.88M||5,698.28M|
|Currency in CNY||Currency in USD|
|Dec 2016||Dec 2017||Dec 2018||Dec 2019||Dec 2020|
|Income before tax||2,527.52M||9,740.90M||4,136.21M||303.72M||5,648.42M|
|Dividends Per Share||0.02||0.05||0.02||0.01||0.10|
|Operating cash flow||10,222.48M||26,381.50M||26,040.09M||26,176.46M||39,330.88M|
|Dec 2016||Dec 2017||Dec 2018||Dec 2019||Dec 2020|
|Income before tax||380.44M||1,441.34M||625.08M||43.95M||818.34M|
|Dividends Per Share||0.00||0.00||0.00||0.00||0.01|
|Operating cash flow||1,538.70M||3,903.61M||3,935.32M||3,788.28M||5,698.28M|
- Chairman & General Manager: Yan Shun Chen
- Co-Vice Chairman & President: Xiao Dong Liu
- Co-Chief Operating Officer & EVP: Xiang Jun Yao
- Chief Financial Officer, Director & Executive VP: Yun Sun
- Co-Vice Chairman & Executive Vice President: Wenbao Gao
- Beijing State-Owned Assets Supervision & Administration (15.2%)
- GF Fund Management Co., Ltd. (5.3%)
- Chongqing Yuzi Optoelectronics Industry Investment Co. Ltd. (5.1%)
- Hefei Jianxiang Investment Co. Ltd. (5.0%)
- Beijing Econ & Tech Dev Area State-Owned Assets Mgmt Office (2.7%)
- Generali China Asset Management Co. Ltd. (1.3%)
- JPMorgan Asset Management (Asia Pacific) Ltd. (1.1%)
- BOE Technology Group Co., Ltd. (1.0%)
- Galaxy Asset Management Co., Ltd. (0.9%)
- Zhong Ou Asset Management Co., Ltd (0.8%)
- Address: 12 Xihuan Middle Road, Economic-Technological Dev Area, Beijing, 100176, China
- Phone: +86.10.64366264
- Boe Innovation Investment Co. Ltd.
- Beijing Yinghe Century Real Estate Co., Ltd.
- Beijing BOE Life Technology Co., Ltd.
- Beijing Zhongxiangying Technology Co., Ltd.
- Ordos City Haosheng Energy Investment Co., Ltd.
- BOE Wisdom IoT Technology Co., Ltd.
- Hefei BOE Zhuoyin Technology Co., Ltd.
- Kunming BOE Display Technology Co., Ltd.
- Mianyang BOE Optoelectronics Technology Co., Ltd.
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- Beijing BOE Vacuum Technology Co., Ltd.
- Beijing BOE Technology Development Co., Ltd.
- Beijing BOE Energy Technology Co., Ltd.
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Copyright © 2021 FactSet Research Systems Inc. All rights reserved.Last Updated on 17 Sep, 2021
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