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China TFT-LCD Industry Needs More Supports to Grow up

Post Time:Apr 24,2009Classify:Company NewsView:395

BOE Technology Group Co., Ltd. (SZSE: 000725) kicked off the construction of China's first national engineering laboratory for TFT-LCD technology two days ago. 

China's TFT-LCD industry still needs supports from all parties if it wants to grow up amid worsening environment. The industry have to establish a long-term investment system, encourage more investments in research & development, encourage the development of upstream & downstream chains, and enrich products portfolio as soon as possible, noted Wang Dongsheng, board chairman of Shenzhen-listed BOE.

BOE posted a net loss of CNY 807.5255 million for the year ended December 31, 2008. Operating revenues totaled CNY 8.334 billion, dropping 25.39% from CNY 11.1704 billion in 2007. Total profit slumped 210.53% to minus CNY 925.3513 million, compared with CNY 840.7991 million in 2007. Net cash flow arising from operation activities amounted to over CNY 1.1279 billion, down 50.79% from CNY 2.2921 billion a year ago.

Source: SinoCastAuthor: shangyi

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