On the evening of July 12, the 2022 Fortune China 500 list was re-released. BOE, with its outstanding business performance, market performance, and brand value improvement in 2021, has significantly improved its ranking from last year, ranking 57th on the list and first among semiconductor display companies.
BOE jumps to 57th in Fortune 500 China ranking
In the first quarter of 2022, BOE had sales of RMB 50.476 billion and a net profit of RMB 4.389 billion that was due to shareholders of listed companies. At the same time, after completing a comprehensive upgrade of its brand positioning and releasing the first technology brand in China's semiconductor display field, BOE was ranked in the TOP 100 of BrandZ™'s Most Valuable Chinese Brands.
In terms of market performance, according to Omdia, a global market research institute, BOE will rank No. 1 in the world in overall display shipments in 2021, among which it will remain No. 1 in the world in LCD shipments for five major application areas, including smartphones, tablet PCs, notebook PCs, monitors, and TVs.
In terms of technological innovation, BOE always respects technology and insists on new ideas. It invests a high percentage of its annual operating income in research and development (R&D), continues to promote high-quality technological innovation, and launches many new products and applications in fields like ultra-high definition, flexible, ultra-high refresh rate display, smart finance, smart retail, and industrial internet.