和辉光电二次递表港交所 AMOLED半导体显示面板服务荣耀及传音等

Core Viewpoint - Shanghai Huirui 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 - Huirui 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 [4]. Market Position - According to Zhaoshang Consulting, Huirui Optoelectronics ranks third globally and first in China in terms of AMOLED panel shipments for 2024 [5]. - The penetration rate of AMOLED technology in the global display panel industry is expected to increase from 29.2% in 2024 to 35.8% by 2030 [5]. - Huirui Optoelectronics maintains strong partnerships with leading Chinese smart device manufacturers and has served major consumer electronics brands and two of the top five Chinese automotive companies [5]. Product Applications - The company's product offerings cover 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 - The revenue figures for Huirui Optoelectronics are as follows: approximately 4.191 billion RMB in 2022, 3.038 billion RMB in 2023, and projected 4.958 billion RMB in 2024 [6][7]. - The company reported losses of approximately 1.601 billion RMB in 2022, 3.244 billion RMB in 2023, and projected losses of 2.518 billion RMB in 2024 [6][7].