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BOE tops world's ranking on LCD shipments

Sep. 6, 2012 (China Knowledge) - BOE Technology Group Co Ltd<000725><200725>, the largest liquid crystal display manufacturer in China, has become one of the top five LCD manufacturers in the world by monthly shipment.

Currently, four of the company's production lines including the 5th and 8.5th Generation TFT-LCD production lines in Beijing E-Town, a triple-A rated industrial park in China, have realized full capacity and sales.

In the first half of this year, BOE Technology booked RMB 9.61 billion in operation revenue, reflecting a YoY increase of 94.5%, while its net loss for the period narrowed to RMB 787 million from RMB 1.22 billion it suffered in the first half of 2011.

The company will introduce a series of high-tech products including ultra HD display and non-glass 3D display product in the second half of this year, and it expects to swing to profit in the third quarter of this year.

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