On the New Fortune Magazine Listed Companies (NFMLC) list unveiled in Shanghai on May 7, BOE was selected as one of the “Best Listed Companies” for its remarkable performance in corporate governance, information disclosure, business performance, and investor relations. This is the sixth time in a row that BOE has received the award, which is hailed as the “Oscars” in Chinese capital markets. This is not only an acknowledgement of the company’s operating performance in 2024, but also a nod to its excellent information disclosure quality and ESG practices. The company also won the “Best ESG Practice Award” for its pacesetting practices in ESG information disclosure. Guided by the “Empower IoT with Display” strategy, BOE sticks to the path of market-oriented, international, and professional development and is committed to sustainability, steering a transition toward a higher-end, smarter, and greener industry.
BOE achieved impressive performance in 2024. Its operating revenue grew by 13.66 percent year on year to RMB198.38 billion, and net profit excluding non-recurring items saw a sevenfold increase. The company consolidated its dominance in the display sector. It stayed on top spot worldwide by shipments of LCD panels for mainstream applications, and reported its best annual shipments of flexible OLED panels, which hit approximately 140 million, representing a significant increase year on year. By dint of its three display technology brands (ADS Pro, f-OLED, and α-MLED), BOE achieved breakthroughs in key technologies such as low power consumption and high refresh rates. It invests about 7 percent of operating revenue in R&D, and has independently filed more than 100,000 patent applications, of which over 90 percent are patents for inventions, and above 33 percent were filed overseas.
BOE has been diving deep into the AI space, focusing on the three core areas of AI+ Manufacturing, AI+ Products, and AI+ Operations. Guided by the “Nth curve” theory, BOE has made strategic investments in emerging fields such as glass substrates and perovskite. Notably, its perovskite solar cell (PSC) pilot line set a new industry record by going from equipment move-in to the production of the first batch of samples in just 38 days.
In addition to its impressive operating performance, BOE continuously increased investor returns. In April 2025, it released the shareholder return program for 2025–2027, proposing to spending no less than RMB4.5 billion over the next three years on share repurchase and cancellation. It also plans to change the purpose of shares repurchased in 2024 for ESOPs, worth about RMB1 billion, to “share cancellation and reduction of registered capital.” By strengthening cash dividend ratios and implementing share repurchase and cancellation programs, the company aims to increase investor returns in a continuous, stable, and predictable manner. It is learned that the company plans to pay a cash dividend of RMB0.5 per 10 shares for 2024. The total amount is RMB1.87 billion, representing 35.14 percent of the consolidated net profit attributable to owners of the Company as the parent for the year.
With a continued focus on ESG practices, BOE launched the first sustainability brand in China’s display industry – “ONE” (Open Next Earth), aiming to secure the future of humanity through open innovation and technology. This launch marks the transformation of BOE from a leader in technological innovation to a builder of a sustainable ecosystem, setting an example for Chinese technology companies to practicing the ESG concept amid the wave of globalization. BOE has established a low-carbon system covering the entire value chain through six core approaches, namely, green management, green products, green manufacturing, green recycling, green investment, and green action. Currently, BOE has 18 state-level green factories, including the only state-level waste-free factory in the display sector, one Lighthouse Factory certified by the World Economic Forum (WEF), two net-zero factories, four green supply chain management enterprises, and eight plants included in the Science Based Targets initiative (SBTi). BOE also included carbon peaking and carbon neutrality management in audit criteria, organized more than 240 suppliers to conduct carbon inventories, and developed a carbon management platform for suppliers, leading the entire supply chain toward green and low-carbon development. In terms of green technology and products, BOE launched the power-efficient oxide technology, LTPO technology, and green, eye-friendly technology, which are widely applied to various products.
With the vision “To Be the Most Respected Company on Earth,” BOE puts innovative development and sustainability into at the core of its strategies, having pledged to achieve carbon neutrality by 2050. Moving forward, BOE will continue steering the entire industry toward sustainable development, providing high-quality products and services for users, and sharing the fruits of development with investors and partners, while ensuring stable operations to sustain its high-quality development.