BOE Tech Group

BOE held an online briefing on its 2026 interim results on September 22 during the Global Innovation Partner Conference 2026, disclosing first-half revenue of 103.1 billion yuan and net profit attributable to the parent of 5.2 billion yuan, up 1.8% and 61.6% year on year respectively. Chairman Chen Yanshun said at the meeting that the company has updated its positioning to a globally leading technology innovation company, using optoelectronic fusion technology to drive the intelligent connection of all things. In the display business, LCD panel shipments for the five major mainstream applications continued to rank first globally, while AMOLED shipments exceeded 80 million units in the first half, remaining first in China and second globally. The company's first 8.6-generation OLED production line in China began mass production in June 2026. In the innovation business, the glass-based packaging substrate pilot line has achieved fully automated equipment line connection and sample delivery, the perovskite glovebox steady-state efficiency reached 27.61%, and in the optical interconnect field the company has established a project team to tackle Micro LED optical interconnect systems and glass-based substrate CPO technology. Chen Yanshun said the display business provides about 40 billion to 50 billion yuan in operating cash flow each year, which can cover spending on LCD and OLED, innovation businesses, and investor returns. On shareholder returns, as of July 31 the company had repurchased about 86 million A-shares and about 85 million B-shares, with total payments of nearly 500 million yuan and 400 million Hong Kong dollars. Its controlling subsidiary Hefei BOE Display Technology completed a targeted capital reduction for minority shareholders, with registered capital reduced from 24 billion yuan to 17.55 billion yuan, raising BOE's shareholding from 36.67% to 50.14%.

Lighteel Technology released its 2026 interim report. Net profit attributable to the parent in the first half fell 13% year-on-year to 110 million yuan, while operating revenue was 307 million yuan, up 5.1% year-on-year. Net profit attributable to the parent after deducting non-recurring items was 106 million yuan, down 11.9% year-on-year, and net operating cash flow was 77.1 million yuan, down 25.9% year-on-year. In the second quarter, operating revenue was 174 million yuan, up 18.2% year-on-year, and net profit attributable to the parent was 64.05 million yuan, down 2.4% year-on-year. As of the end of the second quarter, total assets were 2.583 billion yuan, up 14.9% from the end of the previous year, and net assets attributable to the parent were 2.164 billion yuan, up 13.0% from the end of the previous year. The company said its core products RedPrime, GreenHost, and RedHost materials have successfully entered BOE's 8.6-generation AMOLED production line for mass production and supply, while progress has been made in expanding overseas markets, with multiple terminal materials undergoing testing and verification. In addition, construction of the research and development center and production base is accelerating, with full production expected in 2027, and research and development of perovskite materials is also advancing steadily.

Chongqing Yulong Optoelectronics Technology Co., Ltd.'s ChiNext IPO application was approved on August 6. The company plans to publicly issue no fewer than 43.0336 million shares and no more than 129 million new shares, representing no less than 10% and no more than 25% of the total post-issuance share capital, raising no more than 1 billion yuan. The proceeds will be directed toward three projects: the Hefei Yulong production base, the second phase of Chongqing Yulong, and supplementary working capital. Yulong Technology focuses on intelligent control cards and precision functional components for the new-type semiconductor display panel sector, having supplied over a thousand products to major domestic panel manufacturers such as BOE and Everdisplay Optronics. From 2023 to 2025, the company's operating revenues were 698 million yuan, 1.095 billion yuan, and 1.137 billion yuan, respectively, with net profits attributable to the parent company of 75.7208 million yuan, 121 million yuan, and 133 million yuan. For the first half of 2026, it expects revenue of 610 million yuan to 658 million yuan and net profit attributable to the parent company of 77 million yuan to 84 million yuan. Controlling shareholder Wang Yalong directly holds 42.3% of the shares, and together with his wife Li Hongyan, they control 74.16% of the company's equity. Wang Yalong previously took his company Lighte Optoelectronics public on the STAR Market in 2022. The company stated that its capacity utilization rate has rebounded to over 90%, and it is optimistic about the consumer electronics replacement demand driven by AI technology and the globalization opportunities for domestic panel manufacturers.

HC Semitek announced that its controlling shareholder, BOE Technology Group, has agreed to subscribe to all shares issued in this private placement, with a subscription amount not exceeding 998 million yuan. The number of shares to be issued will not exceed 97.94 million shares, representing no more than 30 percent of the total share capital before the issuance. The issue price will be no lower than 80 percent of the average trading price over the 20 trading days prior to the pricing reference date. This transaction constitutes a connected transaction but does not constitute a major asset restructuring. In the first quarter of 2026, HC Semitek achieved revenue of 2.221 billion yuan and a net profit attributable to the parent company of 50.67 million yuan.