On March 17, 2025, the World Intellectual Property Organization (WIPO) released the 2024 global rankings for PCT international patent applications. BOE ranked 6th globally with 1,959 PCT patent applications, marking its ninth consecutive year in the global top 10 for PCT filings.
This achievement not only highlights BOE’s deep expertise and continuous innovation in the field of advanced display technology, but also demonstrates our strong competitiveness and resilient growth as a leading global technology enterprise.
Technological innovation is the driving force behind high-quality enterprise development. BOE has always upheld a strong commitment to innovation and a deep respect for technology, continuously increasing investment in R&D. Approximately 7% of its annual revenue is allocated to research and development, with around 1.5% specifically dedicated to fundamental and cutting-edge technologies.
As of 2024, BOE has filed over 100,000 independent patent applications. Over 90% of the new filings are invention patents, and more than 33% are international patents. These patents span a wide range of fields, such as flexible OLED, sensing technologies, artificial intelligence, and big data.
As of 2024, BOE has led or participated in the formulation and revision of 429 domestic and international technical standards. This marks a significant step forward in BOE’s evolution from a leader in technological innovation to a key contributor in industry standard-setting.
BOE leverages its strong innovation capabilities to empower industry development across the board. The company has launched the world’s first tri-fold display, flagship devices equipped with Tandem technology, and full-screen smartphones featuring under-display camera technology.
BOE continues to deepen its efforts in areas such as LTPO, Oxide, OLED, MLED, sensing, AIoT, smart healthcare, and intelligent mobility.
In 2023, BOE officially announced the establishment of three major technology innovation hubs. By collaborating with universities, industry-academia research experts, leading tech enterprises, and ecosystem partners, BOE aims to build centers of technological excellence and create open, collaborative platforms.
According to IFI Claims, a globally renowned patent analytics firm, in 2024 BOE ranked 12th in U.S. patent grants worldwide, marking its seventh consecutive year in the global top 20.
In addition, BOE has been named one of Clarivate’s “Top 100 Global Innovators” for four consecutive years.
Looking ahead, BOE will further tap into the potential of IoT vertical markets and drive high-quality growth. We will accelerate the transformation and patented technologies and foster collaborative innovation with ecosystem partners around the world.
