BOE announced three quarter earnings gradually bottomed out losses

BOE (000725) days prior to the announcement of the three quarter report shows that the influence of TFT-LCD industry cycle, the first three quarters of this year the company achieved the main business income of 8 billion 548 million yuan, compared with the same period last year has decreased by 8.2%, net profit is still a loss, but the loss and cash flow of the business indicators over the previous quarter start getting better, the company is gradually out of the industry downturn.

Because of the industry to pick up business, the situation is changing, the third quarter: the main business income of 4 billion 226 million yuan, up 88.68% over the previous quarter; to achieve the main business profit of 64 million yuan, up 210.6% over the previous quarter. The main reason for the growth is: on the one hand, Beijing TFT-LCD fifth generation production line according to plan in September to achieve full production, investment amount of glass substrate reached 60 thousand pieces per month, and the rate of good product stability in more than 90%, the expansion of the scale of production has reduced costs. On the other hand is to benefit from the 17 inch TFT-LCD panel market price rebound in the third quarter compared with the previous quarter, each piece has a rise of about $3-5. Therefore, although the BOE third quarter although still a loss of 379 million yuan, but compared with the previous quarter losses 159 million yuan.

The company said that in the fourth quarter, with the production of the fifth generation of the production line, the operating indicators will go further, the loss will be further reduced compared to the third quarter. At present, the BOE TFT-LCD achieved sales of 5 million 100 thousand; sales of 4 million 40 thousand pieces of STN-LCD business to achieve sales of 14 million 410 thousand tablets; VFD service; display to achieve sales of 3 million 17 thousand units; Toshiba and Matsushita production joint venture CRT to achieve sales of 6 million 930 thousand.