TigerResearch/tigerbot-earning-plugin huggingface dataset:
The Company continued to strengthen its leading position in the semiconductor display sector, achieving operating revenue of approximately RMB157,949 million in this business segment during the Reporting Period. The mainstream applications of LCDs continued to rank first globally, and the overall sales of innovative applications have increased by over 40% year-on-year. Specifically, the Company has the world's largest market share in the fields of tilted displays and vehicles. For large-size LCDs, the Company has adopted the ADS Pro technology to create top-notch image quality comparable to that of OLEDs and has won the certification of the highest-end flagship product technology for the industry's top customers for the first time. The shipment volume of flexible OLEDs grew against the trend and achieved breakthroughs in the mass production of displays for vehicles and foldable laptops, and the proportion of high-end products continued to rise.
BOE has made breakthroughs in its business layout and made headway in market expansion, achieving operating revenue of approximately RMB27,245 million in this business segment during the Reporting Period. In terms of the smart terminal business, the sales of TV terminals grew by over 40%. TPC terminal undertook high-end flagship product projects for key customers through an innovative ODM model. Autonomous design has been achieved for low-power EPD terminals. IoT terminals continued to explore niche markets. The cumulative shipment volume of the first ODM projector ranked first in the Tmall "11.11" LCD projector sales ranking at the first day. As for 3D terminals, the Company launched the sales of the world's first consumer-grade 11-inch 2K TN lenticular naked-eye 3D product and 27-inch LCD light valve product. Regarding the system solutions business, the "BOE IPC 2022 Smart Culture and Tourism Park Industry Summit" was held in Taoxichuan, further expanding the Company's influence in the industry. Smart finance continued to boost the smart transformation of bank outlets. Concerning visual art, the light and shadow installation independently developed and designed by the Company made a splash at the world-renowned ice and snow event, as the Company continued to create a typical case of the integration between technology and art. Furthermore, the "1,000 Screens in 100 Cities" project has been launched in over ten locations in Beijing, and the business model has been successfully replicated in many places across the country.
BOE has made breakthroughs in market expansion, customer introduction, and new product R&D, achieving operating revenue of approximately RMB307 million in this business segment during the Reporting Period, up approximately 41.80% year-on-year. In medical and biological fields, the sales among top customers in Europe and the United States increased. In terms of smart window vehicle applications, the shipment volume of dimming windows rapidly grew, which highlighted new scenarios for dimming displays, and self-developed transparent display OLED products were shipped in bulk. Regarding architecture, the Beijing Sub-centre Library, the National Communication Centre for Science and Technology, and other landmark buildings were successfully launched. Moreover, the independent brand production line in Suzhou was smoothly commissioned.
BOE has made breakthroughs in multiple areas of products, technology, and markets, achieving operating revenue of approximately RMB847 million in this business segment during the Reporting Period, up 84.79% year-on-year. Full series products of direct displays COG P0.9, COB P0.9~1.5 achieved mass production for several brand customers, and LTPS technology achieved box lighting and was sampled and submitted. The backlight vehicle display project was successfully imported into the 4.82-inch Mini project of domestic new energy customers, the 2.48-inch and 5.46-inch VR projects were smoothly put into mass production and delivered, and The 86 inch COG AM Mini LED backlight unit won the SID DIA Award - 2022 Display Component of the Year. For the upstream layout, the Company efficiently integrated core ecological resources and effectively consolidated its industry-leading advantages.
BOE continued to improve the digital hospital and health management professional capabilities, and achieved operating revenue of approximately RMB2,203 million in this business segment during the Reporting Period, up approximately 19.31% year on year. In terms of smart medical engineering, the total outpatient volume of the digital hospital has increased by over 80% year-on-year and the total discharge volume has increased by over 100% year-on-year. The Company has cooperated with medical schools/research institutes such as Chengdu Medical College and the Institute of Medical Engineering of the Chinese Academy of Sciences. The regenerative medicine heart valves have been approved for clinical trials by the State Drug Administration, and the Company was certified as a"specialised, sophisticated, distinctive, and innovative" small and medium-sized enterprise in Beijing.
6. The "N" business
Beijing Zhongxiangying Technology Co., Ltd. continued to improve the integration of software and hardware and the first traditional closed beta test and advanced closed beta test customers. The Chengdu Jingdian vehicle display base has achieved mass production and will link with the upstream and downstream enterprises to form strong advantages of large-scale and intensive production. Smart energy was launched in the green, smart, and low-carbon demonstration park project of the 13th Research Institute of China Electronics Technology Group Corporation.
2. Revenue and Cost Analysis
(1) Breakdown of Operating Revenue
Item|2022||2021|| Change (%)
| Operating revenue| As % of total operating revenue(%)| Operating revenue| As % of total operating revenue(%)|
 Total|178,413,731,179.00|100%|221,035,718,012.00|100%|-19.28%
 By operating division|||||
 Display Devices business|157,949,486,684.00|88.53%|203,938,462,632.00|92.26%|-22.55%
 IoT Innovation business|27,245,456,382.00|15.27%|28,379,332,761.00|12.84%|-4.00%
 Sensor business|306,552,648.00|0.17%|216,187,403.00|0.10%|41.80%
MLED business|846,820,654.00|0.47%|458,249,184.00|0.21%|84.79%
 Smart Medical Engineering business|2,203,142,669.00|1.23%|1,846,551,592.00|0.84%|19.31%
 Others and offset|-10,137,727,858.00|-5.67%|-13,803,065,560.00|-6.25%|-26.55%
 By product category|||||
 Display Devices business|157,949,486,684.00|88.53%|203,938,462,632.00|92.26%|-22.55%
 IoT Innovation business|27,245,456,382.00|15.27%|28,379,332,761.00|12.84%|-4.00%
 Sensor business|306,552,648.00|0.17%|216,187,403.00|0.10%|41.80%
MLED business|846,820,654.00|0.47%|458,249,184.00|0.21%|84.79%
 Smart Medical Engineering business|2,203,142,669.00|1.23%|1,846,551,592.00|0.84%|19.31%
 Others and offset|-10,137,727,858.00|-5.67%|-13,803,065,560.00|-6.25%|-26.55%
 By operating segment|||||
 Mainland China|74,124,463,690.00|41.54%|95,015,382,254.00|42.99%|-21.99%
 Other regions in Asia|63,351,896,814.00|35.51%|96,677,882,907.00|43.74%|-34.47%
 Europe|5,745,261,109.00|3.22%|5,478,685,804.00|2.48%|4.87%
America|35,121,526,346.00|19.69%|23,770,495,392.00|10.75%|47.75%
 Other regions|70,583,220.00|0.04%|93,271,655.00|0.04%|-24.33%
 By marketing model|||||
 Direct sales|178,413,731,179.00|100.00%|221,035,718,012.00|100.00%|-19.28%
(2) Operating Division, Product Category, Operating Segment or Marketing Model Contributing over 10% of Operating Revenue or Operating Profit
Item| Operating revenue| Cost of sales| Gross profit margin| YoY change in operating revenue (%)| YoY change in cost of sales (%)| YoY change in gross profit margin (%)
 By operating division||||||
 Display Devices business|157,949,486,684.00|145,362,979,605.00|7.97%|-22.55%|-3.20%|-18.40%
 IoT Innovation business|27,245,456,382.00|24,666,540,176.00|9.47%|-4.00%|-2.00%|-1.84%
 By product category||||||
 Display Devices business|157,949,486,684.00|145,362,979,605.00|7.97%|-22.55%|-3.20%|-18.40%
 IoT Innovation business|27,245,456,382.00|24,666,540,176.00|9.47%|-4.00%|-2.00%|-1.84%
By operating segment||||||
 Mainland China|74,124,463,690.00|64,665,209,361.00|12.76%|-21.99%|-3.47%|-16.74%
 Other regions in Asia|63,351,896,814.00|55,885,057,929.00|11.79%|-34.47%|-18.35%|-17.41%
 America|35,121,526,346.00|31,887,489,254.00|9.21%|47.75%|84.73%|-18.17%
 By marketing model||||||
 Direct sales|178,413,731,179.00|157,530,566,152.00|11.70%|-19.28%|0.15%|-17.14%
Core business data of the prior year restated according to the changed statistical caliber for the Reporting Period:□Applicable Not applicable
(3) Whether Revenue from Physical Sales Is Higher than Service Revenue
Operating division| Item| Unit|2022|2021| Change (%)
 TFT-LCD| Sales volume| K m2|76,039.00|75,969.00|0.09%
| Output| K m2|75,620.00|79,091.00|-4.39%
| Inventory| K m2|4,983.00|6,000.00|-16.95%
 AMOLED| Sales volume| K m2|1,125.00|836.00|34.61%
| Output| K m2|1,157.00|855.00|35.44%
| Inventory| K m2|108.00|62.00|74.84%
Reason for any over 30% YoY movements in the data aboveApplicable □Not applicable
The sales volume, output and inventory of AMOLED increased by over 30% in 2022 as compared to last year primarily due to the transfer of new production line to fixed assets, which provided additional production capacity.
(4) Execution Progress of Major Signed Sales and Purchase Contracts in the Reporting Period
(5) Breakdown of Cost of Sales
By operating division and product category
By operating division| Item|2022||2021|| Change (%)
|| Cost of sales| As % of total cost of sales(%)| Cost of sales| As % of total cost of sales(%)|
 Display Devices business| Materials, labor costs, depreciation, etc.|145,362,979,605.00|92.28%|150,165,560,834.00|95.47%|-3.20%
 IoT Innovation business| Materials, labor costs, depreciation, etc.|24,666,540,176.00|15.66%|25,169,654,631.00|16.00%|-2.00%
 Sensor business| Materials, labor costs, depreciation, etc.|241,869,035.00|0.15%|166,800,549.00|0.11%|45.00%
 MLED business| Materials, labor costs, depreciation, etc.|864,618,690.00|0.55%|444,702,497.00|0.28%|94.43%
 Smart Medical Engineering business| Materials, labor costs, depreciation, etc.|1,809,802,648.00|1.15%|1,370,997,955.00|0.87%|32.01%
 Others and offset| Materials, labor costs, depreciation, etc.|-15,415,244,002.00|-9.79%|-20,018,890,685.00|-12.73%|-23.00%
By product category| Item|2022||2021|| Change (%)
|| Cost of sales| As % of total cost of sales(%)| Cost of sales| As % of total cost of sales(%)|
 Display Devices business| Materials, labor costs, depreciation, etc.|145,362,979,605.00|92.28%|150,165,560,834.00|95.47%|-3.20%
 IoT Innovation business| Materials, labor costs, depreciation, etc.|24,666,540,176.00|15.66%|25,169,654,631.00|16.00%|-2.00%
 Sensor business| Materials, labor costs, depreciation, etc.|241,869,035.00|0.15%|166,800,549.00|0.11%|45.00%
 MLED business| Materials, labor costs, depreciation, etc.|864,618,690.00|0.55%|444,702,497.00|0.28%|94.43%
 Smart Medical Engineering business| Materials, labor costs, depreciation, etc.|1,809,802,648.00|1.15%|1,370,997,955.00|0.87%|32.01%
 Others and offset| Materials, labor costs, depreciation, etc.|-15,415,244,002.00|-9.79%|-20,018,890,685.00|-12.73%|-23.00%
The major cost of sales items such as materials and depreciation are considered as business secrets. In order to avoid the leakage of these secrets, which could result in damage to the interests of the Company and its investors, cost of sales is only presented with respect to the industry segment to which the Company belongs in the table above.
(6) Changes in the Scope of Consolidated Financial Statements for the Reporting Period
Yes □No
The changes in the scope of consolidated financial statements for the Reporting Period had no significant impact on segment data.
(7) Major Changes to the Business Scope or Product or Service Range in the Reporting Period
(8) Major Customers and Suppliers
Total sales to top five customers (RMB)|72,684,539,035.00
 Total sales to top five customers as % of total sales of the Reporting Period (%)|40.73%
 Total sales to related parties among top five customers as % of total sales of the Reporting Period (%)|0.00%
No.| Customer| Sales revenue contributed for the Reporting Period (RMB)| As % of total sales revenue(%)
1| Customer A|28,511,004,302.00|15.98%
2| Customer B|11,260,786,611.00|6.31%
3| Customer C|11,052,550,583.00|6.19%
4| Customer D|11,045,660,610.00|6.19%
5| Customer E|10,814,536,929.00|6.06%
 Total|--|72,684,539,035.00|40.73%
Other information about major customers:□Applicable Not applicable
Total purchases from top five suppliers (RMB)|24,841,912,420.00
 Total purchases from top five suppliers as % of total purchases of the Reporting Period (%)|20.16%
 Total purchases from related parties among top five suppliers as % of total purchases of the Reporting Period (%)|0.00%
No.| Supplier| Purchase in the Reporting Period (RMB)| As % of total purchases (%)
1| Supplier A|7,160,793,040.00|5.81%
2| Supplier B|5,514,870,912.00|4.47%
3| Supplier C|4,646,600,343.00|3.77%
4| Supplier D|3,852,546,689.00|3.13%
5| Supplier E|3,667,101,436.00|2.98%
 Total|--|24,841,912,420.00|20.16%
Other information about major suppliers:□Applicable Not applicable
3. Expense
Item|2022|2021| Change (%)| Reason for any significant change
 Selling expense|4,233,290,297.00|5,484,589,978.00|-22.81%| Decreased sales
 Administr ative expense|6,247,637,006.00|6,693,373,589.00|-6.66%| N/A
 Finance costs|2,445,130,575.00|3,682,379,202.00|-33.60%| Decreased interest expense
 R&D expense|11,100,768,677.00|10,616,426,327.00|4.56%| N/A
4. R&D Investments
Names of main R&D projects| Project objectives| Project progress| Objectives to be achieved| Expected impact on the future development of the Company
 Taishan Project| To produce LCDs with an image quality comparable to that of OLEDs and a cost lower than that of OLEDs and enhance BOE's competitiveness in high-end products.| Under mass production.|1. To increase the static contrast ratio of the product to 2500:1 and reduce the reflectivity to 1.2%.2. To improve colour shift and increase the colour gamut to DCI P3 99.5%.3. To achieve mass production of high-end flagship models.| It is expected to achieve a platform-based leap in technological capability and become a mainstream technology for display products and a strategic leader for product upgrading.
 Projector light engine system| To achieve high specification and low cost through transmission rate enhancement and light path design and optimisation based on the technical advantage of the projector's core display device.| Under mass production.| To achieve leading specifications of optical engines in the off-axis ratio, brightness, uniformity, colour gamut, throw ratio and sharpness and mass production of optical engine systems for vertical/horizontal hermetic projectors.| The self-developed projector light engine can play an important role in leading and promoting the technical parameters of panels, light engines and the whole device, which is conducive to enhancing BOE' brand influence and capturing a sizable projector market share.
 High refresh rate| To achieve a high refresh rate with advanced HSR and EPQ technology in combination with fast response technology to improve the competitiveness of electronic sports products.| Under mass production.|1. To achieve mass production of several high-end gaming flagship products while achieving the technology reserve of a high refresh rate of 500+Hz for medium- and large-size products.2. To achieve extremely fast response within 1ms.| The relevant technical achievements has won the first prize of Beijing Science and Technology Progress Award. Relying on BOE's advanced high refresh rate technology, it will achieve the ultimate smoothness of electronic sports and gaming, which can capture the high-end electronic sports market and increase profitability.
 Oxide| Oxide has the advantages of high mobility and low leakage current. The objective is to achieve overall improvement in product performance such as a high refresh rate and a low frequency by building| In progress.|1. To improve mobility and achieve mass production of high- mobility target materials.2. To achieve the extreme low frequency specification of 10Hz and reduce the power consumption of products.| The enhancement of Oxide process layout and capability can significantly improve product performance in high frequency, low frequency, narrow bezel and high transparency. Compared with
|advanced Oxide process capability.|||the LTPS process, it has the competitive advantage of low costs, which will effectively enhance the competitiveness of BOE products.
Peep-proof| To realise switchable peep- proof technology for multiple products to meet users' needs for privacy protection and enhance product competitiveness.| In progress.| To realise four-sided peep-proof switchable and partial peep-proof technologies and imported them laptops, monitors and vehicle products.| To integrate more functions into display products to meet customer needs and apply the technology to the laptops, vehicle displays, monitors and other areas to capture a greater market share.
 In-box heating| To realise the fast start-up of display products and improved LCD response speed in cold temperatures in extremely cold regions through the embedded heating module within Cell AA to improve safety performance.| Under mass production.| To realise controllable temperature rise, establish the temperature rise uniformity simulation model and achieve mass production of electronic rear view mirrors and other vehicle products.| It is expected to break through the limitations of low- temperature display and achieve the integration of more functions into the screen, so as to enhance the added value of the product, attract customers' attention and seize the low- temperature scenario market.
 Q9 next generation device developme nt technology| To develop devices of high efficiency and long life materials.| Under mass production.| The Q9 light emitting device screen consumes 15% less power than the previous generation Q8, has a 20% increase in peak brightness, an increase in DCI-P3 colour gamut from 110% to 115% and a 10% increase in lifetime and limits harmful blue light to below 6.0%.| The technology has been imported into several products to enhance the basic specifications for flexible screens, which meets customers' requirements for product specification and captures the market volume of mid- to high- end models.
 Vehicle C- shaped convex centre display| To meet the demand for cooler and more technologically advanced interior styling for luxury flagship models and highlight the multiform display feature of flexible OLEDs.| Customer products have been launched.|1. To realise the C-shaped convex fixed curvature form.2. To achieve the development of C-shaped convex cover glass.3. To achieve the development of C-shaped convex module stacking structure.4. To achieve the development of the C-shaped convex module lamination process.|1. It is expected to highlight the characteristics of flexible OLEDs, expand the application scenario of vehicle displays and strive for a larger vehicle display market;2. Flexible vehicle curved forms can expand the customer base for high-end vehicle displays and enhance the added value of products.
Developm ent of low- temperatur e polycrystal line oxide(LTPO) autonomo us pixel products| To enhance the battery life of the whole device and optimise the display through low- frequency technology.| The product client has been launched.|1. To achieve a 1Hz low refresh rate display and save power consumption.2. The flickering will be less than-50dB, invisible to the naked eye.| The product has been launched on the Watch3 series. It promotes the equipment of LTPO technology in wearable flagship products and enhances the technological competitiveness of the product.
EES light efficiency enhancem ent technology| To improve the efficiency of light output on the front side of OLED panels.| Under mass production.| To improve light output efficiency by 8%.| This technology has been imported into Honor's customer product Magic Vs to enhance the competitiveness of the product.
 Developm| To develop a D-IC with ultra-| Product| To meet the latest functional| It validates single IC design
ent of single IC drive technology for ultra- high pixels per inch(PPI) foldable phones|high PPI to enable a single IC to drive a large foldable phone with a high refresh rate. At the same time, it is compatible with the requirements of high-end tablet PCs and saves IC development and procurement costs.|import in progress.|requirements of customers. To complete product development and validation and successfully import the technology into product development.|capabilities and module production processes. It is expected to reserve good IC resources for the subsequent expanding foldable screen market and improve the speed of market response.
 Developm ent of the flexible foldable product with an R1.5mm in-fold droplet| To further enhance the bending competitiveness of foldable products and reduce the gap between the screens of the foldable form of the whole device.| Under mass production.| To achieve an in-fold bend droplet radius of R1.5mm by adjusting the stacking structure to match the bending stress.| This technology has been imported into Honor's customer product Magic V & Vs to enhance the competitiveness of products and BOE's market share in the foldable product market.
 Developm ent of LTPS P0.9 products| To make breakthroughs in Mini/Micro LED display technology and enhance product specifications in the commercial display sector.| Under mass production.| To achieve mass production of products, meet the requirements of ultra-high image quality, low power consumption and healthy eye care and lay the foundation for small-spacing and Micro LED displays.| It is expected to realise BOE's technological breakthrough in the field of Mini/Micro displays, which can penetrate into the field of consumer electronics, such as vehicle displays, TVs and other display products and will cover all Pitch products. To accelerate BOE's all-round layout of Mini/Micro display products.
Developm ent of COB products|1. To complete BOE's layout of all Pitch products in the COB product line.2. To achieve the technological solution to the best price-performance ratio for COB products.| P1.5 products: Under mass production. P1.25 products: Under mass production. P0.9 products: Under mass production.|1. To improve the COB product line and realise low-cost solutions for large sizes.2. To improve the optical specifications.| To open up the COB small- spacing product line, improve BOE's product lines, lay a solid foundation for the Company's next generation products and help seize the COB market share.