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Chinese display maker BOE revenue up 19.5 percent in 2019

Leading Chinese display producer BOE Technology Group Co., Ltd. saw its revenue rise 19.5 percent year on year to 116 billion yuan (about 16.4 billion U.S. dollars) in 2019.

Full-year net profit fell 44.2 percent year on year to 1.92 billion yuan, BOE said in its annual report.

The company said the semiconductor display industry experienced a severe downturn last year, with supply increasingly exceeding demand hurt by economic downward pressure and market competition heating up.

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