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    000725   CNE0000016L5

BOE TECHNOLOGY GROUP COMPANY LIMITED

(000725)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2022-09-27
3.290 CNY   -1.79%
09/05Tranche Update on BOE Technology Group Company Limited's Equity Buyback Plan announced on June 28, 2022.
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09/02BOE Technology Group Company Limited's Equity Buyback announced on June 27, 2022, has expired with 243,229,361 shares, representing 0.64% for CNY 1,000 million.
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08/31BOE TECHNOLOGY GROUP COMPANY LIMITED : Half-year report
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Apple supplier BOE, others say operations hit by Sichuan power rationing

08/16/2022 | 06:47am EDT
Apple iPhone 13 series goes on sale in Beijing

SHANGHAI (Reuters) - Apple supplier BOE Technology Group Co Ltd will "make adjustments" at its operations in Sichuan due to power rationing in the region, it said in a stock market filing on Tuesday.

The company said that it was communicating with authorities and expected "no major impact on its overall operating performance".

It added that it has four production lines making displays for hardware devices in the region - two lines producing LCD screens, and two producing AMOLED screens.

The company supplies small volumes of displays to Apple for its iPhone 13 devices and older models, and could potentially supply displays for the upcoming iPhone 14, according to reports from Ming-Chi Kuo, an Apple analyst at research firm TF Securities.

Apple did not respond to a request for comment.

A record-setting heatwave in Sichuan province has led authorities to implement power rationing in several cities, which has subsequently caused a number of companies to cut production. [nL1N2ZR0FP[

On Tuesday, Japanese media outlet Kyodo reported that Toyota had suspended production at its plant in Sichuan. [P8N2ZL00A[

Chemical producer Sichuan Xinjinlu and mining company Sichuan Hongda Co Ltd also announced certain units in the region would suspend production.

On Monday Apple supplier Hon Hai Precision Industry Co Ltd declined to confirm the status of its operations in Sichuan but a spokesperson said the impact of the power crunch was "not big".

(Reporting by Josh Horwitz; editing by Jason Neely)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -2.76% 147.5855 Delayed Quote.-15.09%
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) 0.11% 0.60022 Delayed Quote.12.03%
BOE TECHNOLOGY GROUP COMPANY LIMITED -1.79% 3.29 End-of-day quote.-34.85%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.52% 0.675909 Delayed Quote.15.79%
EURO / BRITISH POUND (EUR/GBP) -0.04% 0.89422 Delayed Quote.6.34%
HON HAI PRECISION INDUSTRY CO., LTD. -2.90% 100.5 End-of-day quote.-3.37%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.87% 0.011307 Delayed Quote.15.62%
POWER SOLUTIONS, LTD. -1.28% 2468 Delayed Quote.5.65%
SICHUAN HONGDA CO.,LTD -4.15% 2.77 End-of-day quote.-13.17%
SICHUAN XINJINLU GROUP CO., LTD. -10.03% 6.01 End-of-day quote.1.69%
TOYOTA INDUSTRIES CORPORATION 0.71% 7110 Delayed Quote.-23.18%
US DOLLAR / BRITISH POUND (USD/GBP) -1.16% 0.92165 Delayed Quote.25.64%
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Analyst Recommendations on BOE TECHNOLOGY GROUP COMPANY LIMITED
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Financials
Sales 2022 190 B 26 503 M 26 503 M
Net income 2022 12 390 M 1 726 M 1 726 M
Net Debt 2022 51 745 M 7 210 M 7 210 M
P/E ratio 2022 9,56x
Yield 2022 2,70%
Capitalization 124 B 17 191 M 17 248 M
EV / Sales 2022 0,92x
EV / Sales 2023 0,72x
Nbr of Employees 79 461
Free-Float 77,0%
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Number of Analysts 19
Last Close Price 3,29 CNY
Average target price 5,08 CNY
Spread / Average Target 54,3%
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Managers and Directors
Yan Shun Chen Chairman
Xiao Dong Liu President
Wenbao Gao President & Director
Jin Wang Chairman-Supervisory Board
Xiaoguang Xu Chief Technology Officer
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