14 years in a row, spending 300 billion! Break the monopoly, win the gold medal, and earn tens of billions every month

In the process of China’s panel technology breaking foreign monopoly, BOE has made great contributions. Once upon a time, South Korea’s Samsung, LG and other enterprises carried out technology blockade on China for a long time and jointly raised prices. In order to break the technology monopoly of Japan and South Korea and other panel giants, China made great determination, and BOE has been shouldering this important task from the beginning. The predecessor of BOE was only the Beijing electronic tube factory which was on the verge of bankruptcy. After Wang Dongsheng took over, he pulled it back from the “death line” through reform, and established BOE. After vitalizing the enterprise, Wang Dongsheng decided to lead BOE into the LCD panel display field. Even with the support of the state in this process, BOE’s development in this field is very difficult. Due to China’s blank in this field and foreign giants’ technical blockade, BOE’s R & D has not made a breakthrough. < p > < p > on the contrary, BOE, which had a considerable net profit, suffered a large loss. In order to change this situation, JD sought cooperation from Japanese enterprises, but it ended in failure. It was not until 2003 that a low generation LCD panel production line under Hyundai of South Korea was eager to sell. However, the purchase of this production line alone cost BOE 380 million US dollars. After that, Dongfang spent 11 billion yuan to establish the fifth production line in Beijing. In addition, BOE began to burn money for 14 years. During this period, BOE spent more than 300 billion yuan, which was once called “money losing goods”. < / P > < p > fortunately, the 300 billion yuan was not wasted in vain. BOE finally broke the overseas technology monopoly and made profits in 2013. It even began to compete with Japanese and Korean enterprises in the LCD panel display field. In a few years, BOE has ranked first in the world in terms of shipment volume and market share in many markets. On August 28, BOE released its 2020 semi annual report. In the first half of the year, the company realized a total revenue of 60.867 billion yuan, an increase of 10.59% over the same period of last year. On average, BOE can earn 10 billion yuan per month. < / P > < p > What’s more, BOE’s overall shipment of display devices remained the first in the world, with a year-on-year increase of 15%. In LCD smart phones, tablet computers, laptops, monitors, and TVs, the shipping volume of its display screens also remains the first in the world. But even so, BOE is not arrogant and continues to develop technology. < p > < p > on September 4, BOE’s flexible OLED full screen display won the gold medal for screen technology innovation at the international consumer electronics exhibition 2020 in Berlin. In the future, BOE’s development is worth looking forward to. Counterpoint announced top 5 best selling models: domestic iPhone 11 tops the list