Gelonghui, April 12 | Guoxin Securities Research Report pointed out that BOE A (000725.SZ) 4Q23 revenue grew month-on-month, profitability improved quarter by quarter, and the LCD industry began a new stage of stable profit. LCD TV panel prices fluctuated moderately in 2023, and panel manufacturer performance improved quarter by quarter. In 2023, the company's display devices achieved revenue of 147.53 billion yuan, a year-on-year decrease of 2.06%. The overall LCD and the five major mainstream application shipments remain the world's first, and many technologies and products have been launched globally. At the same time, the company continues to optimize the product structure in the LCD field, maintaining breakthroughs in high-end flagship products. Oversized (≥85 inch) products have achieved the highest shipment volume in the world, and ADS Pro technology products in the high-end TV market have sold nearly one million pieces. The first quarter is a low season for the industry. Under the panel factory's production strategy, LCD TV panel prices began to rise in February and accelerated in March. It is expected to maintain an upward trend in April, driven by peak season stocking demand. The industry is expected to enter a new stage of stable profit, and the company as an industry leader will fully benefit. The bank is optimistic that panel prices will fluctuate moderately, and the industry is expected to enter a new stage of stable profit. As an industry leader, the company will fully benefit and maintain a “buy” rating.