云英谷转战港交所：2024年售出超5000万颗AMOLED显示驱动芯片，营收约9亿元

Core Viewpoint - Yunyinggu Technology Co., Ltd. is set to go public on the Hong Kong Stock Exchange, marking a significant step after previous attempts to list in A-shares and a failed acquisition by Huida Technology [2][5]. Company Overview - Established in 2012, Yunyinggu specializes in AMOLED display driver chip design, providing solutions for consumer electronics brands [2]. - As of 2024, Yunyinggu is the largest AMOLED display driver chip manufacturer in mainland China and the fifth largest globally, according to Frost & Sullivan [2][3]. Technology and Market Position - The company has developed a comprehensive self-research display driver technology, covering chip design, compensation algorithm development, and pixel compensation circuit layout [3]. - By the end of 2024, Yunyinggu's AMOLED display driver chips will have been shipped to multiple leading smartphone brands, accounting for over 25% of the global market share [3]. Sales Performance - From 2022 to 2024, Yunyinggu's sales volume of AMOLED display driver chips increased from approximately 14.1 million to 51.4 million units, with a compound annual growth rate (CAGR) of 71.3% [4]. - The company's market share in the global smartphone AMOLED display driver chip supply rose from 1.2% in 2022 to 4.0% in 2024 [3]. Financial Performance - Yunyinggu's revenue for the years 2022, 2023, and 2024 was approximately 551 million, 720 million, and 891 million yuan, respectively [5]. - The gross profit margins for the same period were 31.9%, 0.4%, and 2.5%, with adjusted net profit margins of 0.1%, -30.2%, and 25.1% [5]. IPO Fund Utilization - The funds raised from the IPO will primarily support the research and optimization of AMOLED TDDI chips, development of Micro-OLED and Micro-LED display driver backplanes, strategic investments or acquisitions, and general working capital [5].