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Everdisplay Optronics Shanghai (688538) investor relations material
Everdisplay Optronics Shanghai H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue reached RMB 5.50 billion in 2025, up 10.94% year-over-year, setting a new record.
Net loss attributable to shareholders was RMB -1.97 billion, narrowing from -2.52 billion in 2024.
EBITDA (息税折旧摊销前利润) improved to RMB 677.9 million from RMB 45.6 million last year.
Cash flow from operations turned positive at RMB 638.6 million, a significant improvement from negative RMB 172.5 million in 2024.
Gross margin improved by 7.74 percentage points year-over-year, but remained negative at -19.0%.
Financial highlights
Operating revenue: RMB 5.50 billion, up 10.94% year-over-year.
Net loss: RMB -1.97 billion, improved from -2.52 billion in 2024.
EBITDA: RMB 677.9 million, up from RMB 45.6 million.
Basic and diluted EPS: -0.14 yuan, improved from -0.18 yuan.
Cash and cash equivalents at year-end: RMB 938.8 million.
R&D investment: RMB 525 million, accounting for 9.55% of revenue.
Outlook and guidance
Strategic focus remains on expanding mid-to-large size AMOLED panels for IT and automotive applications.
2026 is positioned as a key year for high-quality growth, with emphasis on R&D, capacity expansion, and market share gains in high-end segments.
Ongoing investment in new technologies (Tandem, LTPO, Hybrid) and capacity ramp-up for the 6th generation AMOLED line.
- Revenue up, losses narrowed, but negative margins and operational challenges persist.688538
Q1 202629 Apr 2026 - Revenue up 63%, net loss narrowed, and AMOLED innovation fueled strong shipment growth.688538
H2 202418 Dec 2025 - Revenue up 8.25% and net loss narrowed, with improved margins and cash flow.688538
Q3 202512 Dec 2025 - Revenue up 7.45% and net loss narrowed, with strong AMOLED panel growth for tablets.688538
Q1 202512 Dec 2025 - Q3 revenue surged 100% year-over-year, with net loss narrowing sharply on improved margins.688538
Q3 202412 Dec 2025 - Revenue up 11.5% YoY, net loss narrowed, and EBITDA turned positive on strong AMOLED growth.688538
H1 202518 Aug 2025 - Revenue up 74% year-over-year, but net loss persists amid AMOLED market rebound.688538
H1 202413 Jun 2025
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