Everdisplay Optronics (Shanghai) (SH:688538) Xin Lang Cai Jing·2025-10-24 06:31Core 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 semiconductor display panels in 2014 and expanded its capacity with the sixth-generation AMOLED production line in 2019 [4] Market Position - According to Zhaoshang Consulting, HUIHUI Optoelectronics ranks third globally and first in China in terms of large-size AMOLED display panel shipments in 2024 [5] - The penetration rate of AMOLED display technology in the global display panel industry is expected to increase from 29.2% in 2024 to 35.8% by 2030 [5] - HUIHUI Optoelectronics maintains strong partnerships with leading Chinese smart device providers and has served major consumer electronics brands and two of the top five Chinese automotive manufacturers [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 - Revenue figures for HUIHUI 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][8] - The company reported losses of approximately 1.602 billion RMB in 2022, 3.244 billion RMB in 2023, and 2.518 billion RMB in 2024 [7][8]