Everdisplay Optronics (Shanghai) (SH:688538)2023-09-25 02:10Group 1: Company Overview - The company focuses on the research, production, and sales of high-resolution AMOLED semiconductor display panels, primarily used in consumer electronics such as smartphones, wearables, and tablets/laptops [1] - The company has established a strong competitive advantage in customer resources, accumulating stable downstream clients across various fields including smartphones, wearables, and automotive displays [1] Group 2: Client Base and Market Position - The company supplies AMOLED panels to major smartphone brands such as Huawei, Transsion Holdings, and Lenovo, enhancing its supply capabilities rapidly [2] - In the wearable sector, the company leverages its 4.5 generation AMOLED production line to improve substrate utilization efficiency and reduce costs, while actively expanding into overseas markets [2] - The company maintains the leading position in the domestic market for tablet/laptop AMOLED displays, having started mass production in 2020 and continuously supplying high-end products to Huawei and Lenovo [2] Group 3: R&D Investment and Technological Advancements - In the first half of 2023, the company increased its R&D investment to CNY 199 million, a 19.44% increase year-on-year, with R&D expenses accounting for 14.48% of revenue, up by 5.19 percentage points [3] - The company has implemented new technologies in mass production, including dynamic refresh functionality and improved panel durability, resulting in a 30% reduction in power consumption and a 300% increase in lifespan [3]