On August 28th, BOE Technology Group Co., Ltd. (BOE A: 000725; BOE B: 200725 released its semi annual report for 2026, achieving a revenue of 103.1 billion yuan in the first half of the year, a year-on-year increase of 1.8%; Realize a net profit attributable to shareholders of the listed company of 5.2 billion yuan, a year-on-year increase of 61.6%; The net profit after deducting non recurring expenses was 3 billion yuan, a year-on-year increase of 31.8%. The various business segments of the "1+4+N++ecological chain" development framework showed strong growth momentum.

Against the backdrop of global consumer electronics terminal demand pressure, BOE (BOE) display business continues to maintain its leading position in the first half of 2026. In the LCD field, the shipment volume of the five mainstream applications of LCD panels continues to maintain the world's first place (Omdia data), and the shipment volume of high-end products such as high refresh rate, high contrast, and high resolution continues to grow in the first half of the year. BOE (BOE) 85 inch RGBX Ultra TV is equipped with RGBX multi color display technology, the world's first and industry's first "panel RGBC+backlight RGBC" dual four color architecture. Linkage with Crown AMD、 JD and other industry chain ecological partners have launched native thousand frame FHD eye protection gaming displays, achieving native thousand frame refresh at FHD resolution. Release the world's first "natural light" display evaluation system standard, providing systematic and quantifiable guidance for health display; In the OLED field, BOE (BOE) continues to deepen customer cooperation, focusing on promoting the shipment of high-end products such as LTPO, Tandem, and foldable screens. In the first half of the year, AMOLED shipments exceeded 80 million pieces, continuing to maintain the first place in China and the second place in the world (Omdia data). The first 8.6th generation OLED production line in China, invested and built by BOE (BOE), will enter mass production in June 2026, empowering new generation intelligent terminals such as AI PCs, locking in the flexible mid size high-value blue ocean market, and helping to enhance the overall competitiveness of the display business. BOE (BOE) has also launched a mirror like "zero mark" folding OLED screen, with a 60% reduction in crease depth and the ability to withstand repeated bending at -40 ℃, reaching the top level in the industry. Joining hands with industry partners, we have released the world's first OLED display transparency group standard, which has been first applied to the OPPO Find X9 Ultra flagship model, achieving a leap from "subjective perception" to "objective numerical value".

Under BOE's "1+4+N+ecological chain" development framework, other businesses also have a variety of highlights. In terms of sensing business, the revenue in the first half of 2026 increased by 88% year-on-year, and the revenue of smart windows increased rapidly. Multiple industry-leading customer projects were added, and the self-developed light curtain partition dimming technology was first installed in the NIO ES9 model; In terms of MLED business, the overseas revenue of direct display business has significantly increased, multiple benchmark projects have been successfully implemented, and the backlight business has achieved the introduction of multiple top brand customers; In terms of intelligent medical engineering business, the total outpatient volume and discharge volume of digital hospitals have steadily increased. Chengdu BOE Hospital has successfully been rated as a tertiary comprehensive hospital, and the "human umbilical cord mesenchymal stromal cell injection" independently developed by regenerative medicine has obtained implied approval for clinical trials of new drugs from the National Medical Products Administration.

While continuously consolidating its main business, BOE (BOE) fully leverages its three core advantages of new display technology, glass based processing, and large-scale integrated intelligent manufacturing to accelerate the layout of three innovative businesses: glass based packaging and loading boards, perovskite, and optical interconnects.

BOE (BOE) has the complete process capability for manufacturing glass based packaging boards in the field of glass based packaging loading boards. It has achieved full process processes such as high aspect ratio TGV opening, deep hole copper filling, low stress metal wiring, high layer number lamination, high-density wiring, and low stress cutting. The board level glass based sealing loading board test line with a designed monthly production capacity of 1000 pieces has achieved fully automated equipment connection in the first half of 2026. Large scale high-rise glass based sealing loading board samples have been produced and sent, and have passed multiple reliability standard tests.

In the field of perovskite, BOE (BOE) adopts a parallel development of rigid/flexible/stacked component technology route to achieve the alignment of the entire process flow from the glove box (2.5 * 2.5cm) to the experimental line (30 * 30cm) and then to the pilot line (120 * 240cm). By December 2025, the steady-state efficiency of the glove box will be 27.61%, the flexibility of the experimental line will be 21.39%, the rigidity of the pilot line will be 20.11%, and the flexibility will be 16.6%. BOE (BOE) Solar Energy has obtained multiple product certifications from authoritative domestic and foreign institutions, indicating that the safety, reliability, and environmental friendliness of perovskite products have reached internationally recognized standards.

In terms of optical interconnection, BOE (BOE) has established a Micro LED optical interconnection system and glass based carrier CPO technology research and development project team, and is conducting forward-looking technology research with ecological partners to accelerate technological breakthroughs.

While maintaining steady business growth in the first half of 2026, BOE (BOE) also continues to strengthen shareholder returns. As of July 31st, BOE (BOE) has repurchased approximately 86 million A-shares and 85 million B-shares through centralized bidding, paying a total amount of nearly RMB 500 million and HKD 400 million respectively.In addition, the highly anticipated minority equity repurchase was also implemented in July this year. BOE's subsidiary, Hefei BOE Display Technology Co., Ltd., recently completed a targeted capital reduction for minority shareholders, reducing its registered capital from 24 billion yuan to 17.55 billion yuan. BOE's shareholding in the subsidiary increased from 36.67% to 50.14%. At present, the 10.5 generation line in Hefei is maintaining stable operation, and targeted capital reduction can increase the proportion of net profit attributable to the parent company, which will help to increase the shareholder income of the listed company. This is the second time BOE (BOE) has completed the targeted capital reduction of the Wuhan 10.5 generation line with its own funds, following the completion of the targeted capital reduction of a minority stake in the 10.5 generation line in 2025.

BOE (BOE) has updated its positioning to "a globally leading technology innovation company that uses optoelectronic fusion technology to promote the intelligent connection of all things". Looking towards the future, BOE (BOE) will be guided by the "Screen IoT" strategy and the "Nth Curve" theory, based on its three core advantages of display technology, glass based processing, and large-scale integrated intelligent manufacturing. While consolidating its core business, BOE will continuously cultivate new growth poles and accelerate its progress towards becoming a global leading technology innovation enterprise leading the intelligent connection of all things with optoelectronic fusion technology. The good performance in mid-2026 lays a solid foundation for high-quality development throughout the year. BOE (BOE) will continue to strengthen the reuse of core capabilities, accelerate the landing of innovative businesses, provide stronger growth momentum for enterprise development, and create sustainable value returns for investors.