Zhongtai upgrades BOE Technology stock to Buy

Published on 10/14/2026 at 03:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit rose 62.00 percent and revenue 2.00 percent. Analysts set a CNY 8.28 target for BOE Technology stock.

Analyst view and earnings calendar

On October 10, 2026, Zhongtai Securities upgraded BOE to Buy.
First-half net profit increased 62.00 percent while revenue increased 2.00 percent.
BOE Technology stock closed at CNY 5.35 on Shenzhen on October 13, 2026.
The next earnings report is scheduled for October 31, 2026.

BOE, CNE0000016L5, Illustration mit AI erstellt.

BOE Technology (ISIN CNE0000016L5) received a Buy upgrade from Zhongtai Securities on October 10, 2026, as analysts cited LCD margin recovery, a stronger OLED mix and new glass-substrate opportunities. The view gives BOE Technology stock a fresh earnings and valuation angle ahead of its next scheduled report.

Zhongtai shifts its view

According to Gawin Research on October 10, 2026, Zhongtai Securities upgraded BOE to Buy. The research cited LCD margin recovery, OLED mix improvement and minority buybacks, while listing forecast net profit of CNY 8.94 billion, CNY 12.25 billion and CNY 16.61 billion for 2026 through 2028.

The same research put the company on a valuation path of 24.60 times, 18.00 times and 13.20 times earnings across those forecast years. Investing.com lists an average 12-month target of CNY 8.28 from 9 analysts, alongside 7 Buy ratings, 2 Holds and 0 Sells.

Three events shape the timeline

On May 20, 2026, BOE signed a memorandum of cooperation with Corning for substrate products development, while its shares rose 10.00 percent, according to MarketScreener. On August 31, 2026, BOE reported first-half profit growth of 62.00 percent and revenue growth of 2.00 percent.

On September 17, 2026, BOE shareholders approved the election of two non-independent directors, Shi Xiaodong and Sun Jing, at the first extraordinary general meeting of 2026. The sequence links technology expansion, profit recovery and governance changes within five months.

What does profit growth change?

BOE's second-quarter 2026 revenue was CNY 52.13 billion and net income was CNY 3.54 billion, according to Investing.com. The figures give the Buy upgrade a measurable operating base, but the reported revenue increase of 2.00 percent was much slower than the 62.00 percent first-half profit increase.

October reporting date

Investing.com identifies October 31, 2026, as BOE's next earnings date. That report will test whether the profit improvement can continue while revenue growth remains modest.

Shenzhen valuation remains central

BOE Technology closed at CNY 5.35 on the Shenzhen Stock Exchange on October 13, 2026. Its 52-week range was CNY 3.79 to CNY 9.50, and market capitalization was CNY 198.2 billion on the same date. The current analyst target of CNY 8.28 sits above the latest Shenzhen close, keeping earnings delivery and OLED economics central to the valuation debate.