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(Yicai Global) Feb. 14 -- The share price of LCD panel maker BOE Technology [SHE:000725] has jumped by more than one-third in less than a week, as industry data confirmed the company's world-leading position for this widely-used electronic product.
Its stock traded at CNY3.53 at market close today, up 6.65 percent. It has gained more than 30 percent cumulatively since Feb. 1.
The Beijing-based company's shares started their current upsurge on Feb.1, the last market day before the Spring Festival national holiday, and resumed higher in post-vacation trading.
BOE sold 54.30 million units of LCD panels for television displays, 37.30 million units for other electronic devices, both surpassing its South Korean rival LG Display -- the former number one manufacturer -- whose sales figures last year were 48.6 million and 34.5 million, respectively, the latest data released today by Beijing based industry market research institute Sigmaintell Consulting shows.
Editor: Ben Armour