On the evening of November 12, BOE Technology Group Co.,Ltd. (SZ: 000725, share price 4.41 yuan, market capitalization 163.128 billion yuan) issued an announcement stating that the company cancelled 191 million repurchased A-shares this time, accounting for 0.5151% of the company's total share capital before cancellation, involving a repurchase cancellation amount of approximately 1 billion yuan (excluding transaction fees).
Confirmed by the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, the cancellation of repurchased shares took effect on November 11, 2026, and the company's total share capital decreased from 37.044 billion shares to 36.853 billion shares.
According to the announcement, this repurchase matter was approved by the company's 12th meeting of the 11th Board of Directors on March 30, 2026, and the 2025 Annual Shareholders' Meeting held on April 24, 2026. The repurchase plan was disclosed on April 1, 2026, and the repurchase report was subsequently disclosed on June 23. The company cumulatively repurchased 191 million A-shares through centralized bidding, accounting for approximately 0.5151% of the total share capital at that time, with a maximum transaction price of 5.94 yuan per share, a minimum transaction price of 4.27 yuan per share, an average price of 5.24 yuan per share, and a total payment amount of approximately 1 billion yuan (excluding transaction fees).
The announcement shows that due to the company's implementation of the 2025 annual equity distribution, the upper limit of the repurchase price was adjusted from 6.00 yuan per share to no more than 5.94 yuan per share. The repurchase plan was completed on November 2, 2026.
In terms of share capital structure, before this change, the company had 984 million restricted shares, accounting for 2.66%; and 36.060 billion unrestricted shares, accounting for 97.34%. After the cancellation, unrestricted shares decreased to 35.869 billion shares, A-shares decreased to 35.176 billion shares, B-shares remained unchanged with their proportion slightly rising to 1.88%; restricted shares remained unchanged with their proportion rising to 2.67%.
The company stated in the announcement that this repurchase cancellation complies with the "Three-Year (2025-2027) Shareholder Return Plan" disclosed on April 22, 2025. This repurchase cancellation will not have a material impact on the company's financial condition and operating results, nor will it affect the company's listing status. Subsequently, the company will amend the relevant provisions regarding registered capital in the Articles of Association of BOE Technology Group Co., Ltd. in accordance with relevant regulations and handle industrial and commercial change registration procedures.
According to the third-quarter report, BOE Technology Group Co.,Ltd. achieved operating revenue of 151.809 billion yuan in the first three quarters; net profit attributable to shareholders of the listed company was 4.251 billion yuan; non-recurring net profit was 3.040 billion yuan; and net cash flow from operating activities was 32.212 billion yuan. Among them, single-quarter operating revenue in the third quarter was 48.677 billion yuan; non-recurring net profit was 32 million yuan.
Comparing with the semi-annual report data, the company's operating revenue in the first half of the year was 103.132 billion yuan, a year-on-year increase of 1.83%; net profit attributable to parent company was 5.248 billion yuan, a year-on-year increase of 61.62%; non-recurring net profit was 3.008 billion yuan, a year-on-year increase of 31.81%. In the first half, display device business revenue was 81.755 billion yuan, with a gross margin of 12.75%, up 0.34 percentage points year-on-year; IoT innovation business revenue was 19.000 billion yuan, up 5.75% year-on-year; MLED business revenue was 6.406 billion yuan, up 47.37% year-on-year; sensing business revenue was 421 million yuan, up 88.21% year-on-year. In the first half, the company's R&D investment was 6.833 billion yuan, up 12.35% year-on-year.
Regarding the third-quarter operating situation, the company explained in its third-quarter report that since the third quarter of 2026, storage shortages and price increases have continued to impact the consumer electronics industry, with cost pressures transmitted to the consumer end. Some products saw significant year-on-year and quarter-on-quarter declines in sales volume due to price increases, and shipments of small and medium-sized display products came under notable pressure; at the same time, affected by capital market fluctuations, investment-related gains also impacted single-quarter performance.
According to consulting agency data, in the third quarter, global shipments of small and medium-sized IT display products such as laptops and tablets declined by more than double digits year-on-year, with NB display product shipments declining by about 20% quarter-on-quarter; domestic AMOLED manufacturer shipments declined by more than 20% year-on-year and about 10% quarter-on-quarter, combined with continuous price declines, related businesses face significant operating pressure.
Disclaimer: The content and data in this article are for reference only and do not constitute investment advice. Please verify before use. Operate at your own risk.
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