China's panel makers have reported increased operating margins in the first half of 2014 largely due to their efforts in promoting smartphone, tablet and low-priced LCD TV panel products, with Tianma Optoelectronics reaching 5.4%, BOE 4.8% and China Star Optoelectronics 3.7%, according to Digitimes Research.
BOE's performance in particular will be worth further attention as it will increase its production capacity of large-size TFT LCD panels by 99.5% from 2013-2017, while small- to medium-size AMOLED applications will increase 225.4%.
The company continues to maintain good relations with Samsung Electronics and Lenovo, which has helped it improve revenues and shipments as a result of the two vendors' increased sales growth.
However, Digitimes Research noted that BOE is expected to see less than 10% on-year growth in revenues during 2014 – a first since 2010 – due to customer order adjustments.
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