BOE Technology forecasts significant profit increase for first half of 2026

BOE Technology, a major display panel manufacturer, has released its preliminary financial outlook for the first half of 2026. The company expects its net profit attributable to shareholders to range between 5 billion and 5.5 billion yuan, representing a substantial year-on-year increase of 54% to 69%.

In addition to the net profit, BOE Technology anticipates its non-recurring net profit to fall between 3.08 billion and 3.31 billion yuan. This forecast indicates a year-on-year growth of 35% to 45% for profit excluding non-recurring items. The company also forecasts basic earnings per share to be between 0.13 and 0.15 yuan.

The projected profit increase is attributed to a recovery in the display panel market, particularly for LCD screens where BOE maintains a leading global position. The company noted that its LCD business benefits from improving supply-demand dynamics and stabilizing prices. Furthermore, BOE's flexible AMOLED business saw shipments exceed 80 million units in the first half of the year, with continued growth expected as its new 8.6 generation AMOLED production line ramps up.

Non-recurring gains are estimated at approximately 2 billion yuan, primarily driven by an increase in the fair value of transactional financial assets. Despite market pressures on consumer electronics sales due to rising component costs, the overall industry demand remains resilient, and market structures continue to optimize. BOE aims to leverage its technological and production capacity advantages to further refine its product mix, expecting sustained benefits from industry improvements.