BOE Precision Electronics (00710) fell more than 7% after the results. As of press release, it was down 5.98% to HK$4.87, with a turnover of HK$11.47,600.
The Zhitong Finance App learned that BOE Precision Electronics (00710) fell more than 7% after the results. As of press release, it had a decrease of 5.98% to HK$4.87, with a turnover of HK$114.706 million.
According to the news, BOE Precision announced its annual results for the year ended the end of December last year, with a turnover of HK$10.76 billion, up 0.4% year on year; net profit of HK$475 million, down 18.4% year on year; and final interest rate of HK19 cents, compared with HK23 cents last year. Guojin Securities pointed out that considering increased competition in the industry, the company's 2024/2025 net profit forecast was lowered to HK$54/620 million, and the company's net profit to the mother is expected to be HK$730 million in 2026.
The bank pointed out that as a leader in automotive display devices, the company is expected to gradually transform into a system integrator in the future with the resources of screen manufacturers. The panel industry is the link with the highest technical and financial barriers in the display industry chain. We are optimistic that screen factories will gradually expand downstream and seize the 100 billion system assembly market.