Jilin OLED(SH:688378) Xi Niu Cai Jing·2025-08-19 08:28Core Viewpoint - Aolide's 2025 semi-annual performance forecast indicates a significant decline in both revenue and profit, primarily due to a sharp drop in equipment sales, despite stable growth in the materials segment [1][2]. Group 1: Financial Performance - Aolide expects revenue for the first half of 2025 to be between 270 million to 290 million yuan, representing a year-on-year decrease of 15.23% to 21.07% [1]. - The projected net profit attributable to shareholders is estimated to be between 25 million to 29 million yuan, reflecting a substantial decline of 68.41% to 72.77% year-on-year [1]. - The materials segment is expected to generate revenue of 250 million to 260 million yuan, showing a year-on-year growth of 18.67% to 23.41% [1]. Group 2: Segment Performance - The equipment segment is projected to see a drastic revenue drop, with expected earnings of 23 million to 24 million yuan, a decline of 81.70% to 82.46% year-on-year [1]. - The decline in equipment revenue is attributed to a significant reduction in demand for evaporation source equipment, which has decreased by over 80% in the first half of 2025 [2]. Group 3: Market Trends and Opportunities - Aolide has signed a contract worth 655 million yuan with Chengdu BOE for an 8.6-generation OLED production line, with the first batch of equipment delivered on August 10 [2]. - This contract is expected to contribute to revenue starting in the second half of 2025, potentially alleviating performance pressures in the coming years [2]. - Research firm Omdia predicts that global shipments of small and medium-sized OLEDs will exceed 1 billion units in 2025, with automotive display panel revenue reaching 13.6 billion USD, indicating a growing market for Aolide's products [2].