Electronics

Chinese display maker BOE suffers first sales decline in 13 years

Profit plunged 71% in 2022 on falling panel prices after pandemic boom

SHUNSUKE TABETA, Nikkei staff writer
April 5, 2023 01:29 JST

BEIJING -- Top Chinese display maker BOE Technology Group's net profit plummeted 71% for 2022 while sales declined for the first time in 13 years, as a reversal of the demand boom during the pandemic sent panel prices falling.

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