BOE A (000725) disclosed its 2013 annual report on April 22, and the company achieved a total operating income of 33.774 billion yuan, a year-on-year increase of 31.05%; net profit of 2.352 billion yuan, an increase of 811.33%; basic earnings per share of 0.174 yuan.
BOE A said that the company's operating revenue in 2013 increased significantly compared with the previous year, mainly because the production line remained full and sold, the overall production capacity was significantly higher than the same period of the previous year, the continuous production line adjustment and product structure optimization results appeared, and the proportion of high value-added products further improve. At the same time, BOE A's gross profit level has increased significantly over the same period last year, and its profitability has improved.
The announcement shows that in 2013, BOE A laid out a number of production lines, including the completion of 120K expansion of Beijing 8.5-generation line, the 5.5-generation AMOLED production line of Erdos and the Hefei 8.5-generation line, all of which achieved product lighting and production, and the Chongqing 8.5-generation line project in 2013. Construction started in July. In terms of technology and new products, a total of 4,282 patent applications were added in 2013, and a total of 8 international/domestic technical standards were formulated.
In addition, BOE A released the first quarter results forecast for this year. The company expects net profit of 560 million to 600 million yuan in the first quarter, an increase of 95% to 109%.
BOE A said that the company's operating revenue in 2013 increased significantly compared with the previous year, mainly because the production line remained full and sold, the overall production capacity was significantly higher than the same period of the previous year, the continuous production line adjustment and product structure optimization results appeared, and the proportion of high value-added products further improve. At the same time, BOE A's gross profit level has increased significantly over the same period last year, and its profitability has improved.
The announcement shows that in 2013, BOE A laid out a number of production lines, including the completion of 120K expansion of Beijing 8.5-generation line, the 5.5-generation AMOLED production line of Erdos and the Hefei 8.5-generation line, all of which achieved product lighting and production, and the Chongqing 8.5-generation line project in 2013. Construction started in July. In terms of technology and new products, a total of 4,282 patent applications were added in 2013, and a total of 8 international/domestic technical standards were formulated.
In addition, BOE A released the first quarter results forecast for this year. The company expects net profit of 560 million to 600 million yuan in the first quarter, an increase of 95% to 109%.
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