Zhitong Financial APP learned that JD.com Fang Jingdian (00710) rose more than 9% in intraday trading. As of press time, it rose 6.89% to HK $14.9, with a turnover of HK $29.9296 million.

According to a research report released by China Bank International, the revenue / net profit of BOE Jingdian increased 51% / 164% in the first half of 2022 compared with the same period last year, mainly driven by the strong demand for vehicle display modules, the commissioning of new capacity and the increase in the average unit price of on-board display products. The net interest rate rose 2.2 percentage points in the first half of the year from the previous year, reflecting operating leverage and economies of scale.

According to the report, looking ahead, the company's management remains optimistic about the outlook for on-board display business and expects strong customer order demand, mainly due to: the company's mass production of high-end display products for traditional and new energy vehicle customers in China and overseas; system-level products (mainly for the Chinese market) will contribute revenue in 2023; and stable industry demand and an increase in average unit price of products.