Everdisplay Optronics (Shanghai) (SH:688538) 智通财经网·2025-10-24 06:24Core Viewpoint - Shanghai Huihui Optoelectronics Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the sole sponsor, after a previous attempt in April 2025 [1]. Company Overview - HUIHUI Optoelectronics is a leading manufacturer of AMOLED semiconductor display panels, focusing on R&D and production to deliver exceptional color accuracy, visual experience, and low power consumption [4]. - The company became the first in China to achieve mass production of AMOLED panels in 2014 and expanded its capacity with the sixth-generation AMOLED production line in 2019, entering the medium and large-sized AMOLED market [4]. Market Position - According to Zhaoshang Consulting, HUIHUI ranks third globally and first in China in terms of AMOLED panel shipments for 2024. The penetration rate of AMOLED technology in the global display panel industry is expected to rise from 29.2% in 2024 to 35.8% by 2030 [5]. - HUIHUI maintains strong partnerships with leading Chinese smart device manufacturers and has supplied AMOLED panels to major consumer electronics brands and two of the top five automotive companies in China [5]. Product Applications - The company's product offerings span four main application areas: tablets/laptops, smartphones, smart wearables, and automotive displays, with sizes ranging from 0.95 inches to 27 inches [6]. Financial Performance - For the fiscal years ending June 30, the company's revenues and losses are as follows: - 2022: Revenue of approximately 4.19 billion RMB, loss of 1.60 billion RMB - 2023: Revenue of approximately 3.04 billion RMB, loss of 3.24 billion RMB - 2024: Revenue of approximately 4.96 billion RMB, loss of 2.52 billion RMB - 2025 (first half): Revenue of approximately 2.67 billion RMB, loss of 839.73 million RMB [6][7].