Everdisplay Optronics (Shanghai) (SH:688538)2024-05-17 09:31Group 1: Market Trends and Performance - In 2023, the demand for consumer electronics remained sluggish, leading to a continuous decline in AMOLED semiconductor display panel prices during the first three quarters. However, prices began to stabilize and recover in Q4 2023 [1] - The company anticipates a revenue growth of over 30% in 2024 compared to the previous year, with net profit expected to maintain stable growth [1] Group 2: Product Development and Market Position - According to Omdia data, the penetration rate of AMOLED in the medium and large size sectors (such as tablets and automotive displays) was less than 2% in 2023, indicating significant market potential for future growth [2] - The company has established itself as a leading manufacturer in the AMOLED panel industry for medium and large sizes, being one of the first to achieve stable supply and develop proprietary technology [2] - Since 2020, the company has maintained the second-largest global shipment volume and the leading position in China for AMOLED panels in the tablet and notebook sector, supplying high-end products to brands like Huawei and Lenovo [2] Group 3: Customer Base and Applications - The company has built a strong customer base across various applications, including smartphones, wearables, and automotive displays, leveraging its production capabilities and product quality [3] - In the smartphone sector, the company has developed multiple AMOLED panels for major brands, enhancing its supply capabilities [3] - The company has successfully developed and mass-produced automotive-grade AMOLED displays, collaborating with major automotive manufacturers [3]