The LCD panel cuts BOE third quarter earnings are still losing year

Sina Francisco day ago, BOE Technology Group Limited by Share Ltd (A 000725) released third quarter earnings report shows that the third quarter of 2005, the main business income of 4 billion 226 million yuan, the main business profit of 64 million yuan, up 210.6% over the first quarter of this year, but the first three quarters of net profit is still a loss.

September 7th this year, the BOE has announced that its affiliated associates AOC and PHILPS's display and flat-panel TV business integration completed. The 2005 report has shown the huge loss of 1 billion yuan. October 29th, BOE released 2005 annual Yukui announcement, the company expects operating loss will occur, the amount of loss does not exceed 1 billion 500 million yuan, the company said they have actively take relevant measures to reduce the loss rate.

As for the reason of losing performance throughout the year, BOE announcement that said, mainly involved in the TFT-LCD product price decline is too large, have a significant impact on its business.