Following two consecutive trading days of hitting the daily limit-up, Boe Technology Group Co., Ltd. (Boe) issued an abnormal fluctuation announcement on the afternoon of May 24. The company stated that its businesses in glass-based packaging substrates, perovskite, and optical interconnect are still in the stages of technical discussion and verification. These segments have not yet entered mass production and have not generated any mass production revenue. There is significant uncertainty regarding whether and when the company can achieve mass production and realize the expected benefits in these related fields.
According to the development status of these businesses, it is estimated that they will not have a material impact on the company's operating performance within the next 2 to 3 years. As of now, Boe has not initiated any business collaboration with NVIDIA, and some media inferences lack a factual basis.
The glass-based packaging substrate, perovskite, and optical interconnect businesses are all potential options for next-generation technology pathways. There is significant uncertainty regarding customers' final technology choices and the market prospects for these areas.
To advance these related businesses towards large-scale mass production, subsequent capital expenditures will still be required for production line construction, equipment procurement, technological R&D, and process optimization. There is significant uncertainty regarding whether the company can obtain the expected return on investment.
Prior to this, on the evening of May 20, Boe released an "Announcement on Signing a Memorandum of Cooperation with Corning Incorporated." The announcement stated that the company signed a memorandum of cooperation with U.S.-based Corning Incorporated on May 20.
The main content of the memorandum is as follows: Boe possesses leading capabilities in display devices, display modules, advanced manufacturing, process development, application innovation, and industrial implementation. Corning has significant advantages in glass materials, advanced materials and solutions for semiconductor applications. Based on this, the two parties will cooperate in key areas including glass-based packaging substrates, foldable glass, perovskite glass substrates, and optical interconnect-related applications, jointly exploring technologies and market opportunities with commercial potential.
On May 22, Boe's A-share stock price closed at 5.16 yuan per share, with a latest market capitalization of 190.1 billion yuan.
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