- Business
- BOE Varitronix Limited (00710.HK; VARXF), a Hong Kong-based investment holding company and subsidiary of BOE Technology Group Co Ltd, designs, manufactures and sells liquid crystal displays and related products, with a primary focus on automotive display modules as the sole sales platform for BOE Group's automotive businesses; core offerings include thin-film transistor (TFT) products, touch panel display modules, automotive system products such as digital instrument cluster displays, center information displays, head-up displays, rear-view and side-view e-mirror displays, highly-integrated digital cockpit displays, and technologies like in-cell touch, IBN Mini-LED, BD automotive cockpit backplane, flexible OLED, optical bonding, hybrid displays, VersiColor IBN (VCI), FIT and MLOC knob-on displays; additional products serve industrial applications including white goods, home automation, medical devices and other sectors, as well as consumer electronics like mobile phones, tablets, notebooks, monitors and televisions. The company, founded in 1978 by academics from the University of Hong Kong and headquartered in Kwun Tong, Hong Kong, operates manufacturing facilities in China including Heyuan in Guangdong Province and Chengdu in Sichuan Province, with sales and business activities spanning the People's Republic of China, Europe, the United States, Korea, Japan and other international markets. Recent developments include a Product Development Services Agreement with Chengdu BOE effective September 23, 2025, through December 31, 2026, for technological support in new automotive display products; a Memorandum of Understanding with India's Pricol Limited announced in September 2025 for exclusive collaboration on localizing optical bonding of LCD/TFT displays for two-wheelers, three-wheelers, commercial vehicles and off-road vehicles; renewal of the Master Purchase Agreement with BOE Technology Group effective January 1, 2025, to December 31, 2027, for TFT panels, modules and other products; mass production commencement at the Chengdu automotive module production base in October 2022; achievement of over RMB10 billion in revenue as reported in early 2025; and inclusion in multiple Hang Seng index series recognizing its market position.