On March 14, 2018, I went to the headquarters of BOE Technology Group Co., Ltd. (hereinafter referred to as “BOEâ€) in Beijing Economic and Technological Development Zone, with Mr. Chen Yanshun, CEO of BOE, Executive Vice President and Ms. Sun Wei, Senior Vice President Zhang Yu. Xu Xiaoguang, vice president, discussed the matter.
BOE was founded in 1993. In 1997, BOE was listed on the B shares of the Shenzhen Stock Exchange. In 2001, it issued additional A shares on the Shenzhen Stock Exchange. More than a decade ago, we published an analysis report on BOE. At that time, BOE just entered the display device industry, and its performance was poor. It suffered losses in successive years and was questioned by the market and public opinion. The chart below is a line drawing of BOE's net profit after deducting non-recurring gains and losses from the listing in 1997 to 2016.
What happened to BOE since its listing? Why does BOE have to develop display devices?
First, the display device is a national strategic material
The predecessor of BOE was the Beijing Electronic Tube Factory. In the 1950s and 1970s, the main products were the core electronic components of missiles and satellites. BOE established the TFT-LCD (Thin Film Transistor Liquid Crystal Display) Technology Laboratory in 1997 and the AMOLED (Organic Light Emitting Diode Display) Technology Laboratory in 2001.
The United States invented TFT-LCD, and Japan has industrialized TFT-LCD. TFT-LCD is widely used in national defense and civil applications. Developed countries attach great importance to the development and manufacture of TFT-LCD. In 1994, the US government established the National Flat Panel Display Initiative (NFPDT) to provide flat panel display products and technologies to the US military.
In 2005, BOE's first TFT-LCD production line was mass-produced, which marked that China began to manufacture LCD screens independently. Prior to this, China's use of TFT-LCDs relied entirely on imports. From research and development to mass production of the first TFT-LCD production line, BOE spent eight years and a lot of research and development expenses. In December 2017, the world's highest generation line, the 10.5th generation TFT-LCD production line of BOE Hefei, was put into production, marking China's leading position in the global display device field.
In 2017, China's first flexible AMOLED production line, the sixth generation flexible production line of BOE Chengdu, was mass-produced, marking China's leading position in the new display technology AMOLED field.
From 1997, BOE set up a TFT-LCD (Thin Film Transistor Liquid Crystal Display) technology laboratory to start research and development. By 2017, BOE has become a leader in the global display field. BOE has experienced 20 years. During this period, BOE's policy makers and management have withstood tremendous pressure and test. Twenty years later, we have evaluated the time spent on BOE and the research and development expenses. China has finally mastered the strategic display technology and has reserved sufficient basic materials and technologies for the future development of the Internet of Things.
Second, the core technology determines the profitability of listed companies
According to the US Patent Authorization Volume Report released by the US patent service agency IFI Claims, two Chinese companies were ranked in the top 50 US patent grants: Huawei ranked 25th in 2016 and BOE ranked 40th; 2017 Huawei ranked 20th, and BOE ranked 21st. For the second year in a row, BOE ranked first in the TOP 50 ranking of US patent grants.
BOE presided over or participated in the formulation or revision of international technical standards for a number of display industries. Among them, the IEC (International Electrotechnical Commission) international standard, which was developed by BOE, was released in 2015. This is the first one developed by China. Product specification class OLED display product international technical standards.
After 20 years of accumulation, with the core technology of independent research and development as a solid foundation, the performance of BOE began to grow explosively in 2017. In 2017, BOE's TFT-LCD sales accounted for 25% of the global market sales, and it has become the global TFT-LCD. The largest supplier of shipments. In 2017, BOE's net profit is expected to reach approximately RMB 75-7.8 billion, an increase of approximately 314% year-on-year. In 2018, BOE’s profitability will continue to grow.
Third, the future layout
BOE has successfully stood at the forefront of the global display device industry and is expected to further expand its global market share. However, the single product sales of a single supplier are ceilinged. Before reaching the ceiling, companies should lay out in advance.
The display device is the basic material of the Internet of Things. At present, BOE is cooperating with leading companies in various industries. For example, BOE and Alibaba's Box Ma Xiansheng, Jingdong's Four Seasons Preferred, and Carrefour have completed cooperation. BOE provides electronic shelf labeling system solutions through electronic shelf labels and transparent displays. Price management, logistics management, customer behavior analysis. BOE's in-vehicle display products have been applied to most of the world's mainstream brands. BOE is working with residential companies to develop new building materials to provide users with photovoltaic thermal solutions. BOE's core technologies of independent intellectual property such as display, sensing, artificial intelligence and big data are combined with medical and life sciences to develop genetic test products, which greatly reduce the cost of genetic testing; for analyzing doctors on the operating table Medical display; medical X-ray sensor that reduces X-ray radiation. BOE cooperates with Haier to develop transparent refrigerator doors that can interact with each other. It is a science fiction! A lot of fun! Very practical!
At present, BOE's operating income in terms of smart systems is close to 20% of total operating income. The advance layout of BOE in the field of Internet of Things opens up space for the future improvement of BOE's profitability.
What is a fiber optic slip ring?
A fiber optic slip ring is a device that allows for the transfer of data, power, and signals between two rotating objects. The ring is made up of one or more optical fibers that are used to transmit light signals. These signals can be used to send power, data, or other signals between the two objects. The fiber optic slip ring is a newer technology that has many benefits over traditional slip rings.
How do fiber optic slip rings work?
A fiber optic slip ring is a device that allows electric current and optical signals to pass through a rotating joint. This is often used in applications where it is necessary to transfer data or power between two stationary points while the object rotates. The fiber optic slip ring uses light rather than metal to conduct these signals, which makes it ideal for use in high-speed or hazardous environments.
Types of fiber optic slip rings
When it comes to telecommunications, fiber optics are king. They're the backbone of almost every network today, and they're getting faster and more reliable all the time. That's thanks in part to a technology called fiber optic slip rings.
Advantages of fiber optic slip rings
A fiber optic slip ring is a device used in optical communication. It is a component of many fiber optic networks and it allows for the transmission of data over long distances without losing signal quality. Fiber optic slip rings are also used to improve the performance of other optical systems.
Disadvantages of fiber optic slip rings
Fiber optic slip rings are growing in popularity for rotating applications. Fiber optic slip rings provide many advantages over traditional electrical slip rings, including much smaller size, weight, and power consumption. However, fiber optic slip rings also have a few disadvantages. One disadvantage is that they can be more expensive than traditional electrical slip rings. Additionally, fiber optic cables are more fragile than electrical cables, so they can be more susceptible to damage.
Conclusion: What are the benefits and drawbacks of fiber optic slip rings?
When it comes to fiber optic slip rings, there are both benefits and drawbacks to consider. On the one hand, fiber optic slip rings offer a number of advantages over traditional metal contact slip rings. They are lighter in weight, which makes them easier to install and transport. They also generate less heat, making them safer to use in hazardous environments. Additionally, they provide superior performance in terms of electrical noise and signal integrity.
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