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BOE Expects Second Straight Year of Profits in 2012

ChinaByte, 12/27/12

Chinese TFT-LCD manufacturer BOE (000725.SZ; 200725.SZ) has announced its 2012 performance estimates, expecting profits this year to range between RMB 50-100 mln, down from RMB 560 mln in 2011. All of the company's production lines were profitable in Q4 2012, and revenue is estimated to have increased significantly year-over-year.

A BOE spokesperson said the company's four production lines - Chengdu's 4.5G line, Beijing's 5G line, Hefei's 6G line, and Beijing's 8.5G line - were all profitable, reaching full production capacity and sales. To date, BOE rose to rank fifth globally in terms of monthly LCD panel shipments, and saw shipments of LCD panels for use in TV sets increase significantly.

Keywords: forecast hardware TFT-LCD 000725.SZ BOE profit television TV set display 200725.SZ


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