Everdisplay Optronics Shanghai (688538) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 2.59 billion, down 2.95% year-over-year; net loss attributable to shareholders was RMB -897.53 million, with no profit distribution planned.

• Cash flow from operating activities surged 159.25% year-over-year to RMB 603.65 million, reflecting improved procurement and cost control.

• The company maintained a leading position in domestic AMOLED panel shipments for tablets and notebooks, and continued to expand in automotive and wearable segments.

Financial highlights

• Operating income: RMB 2.59 billion, down 2.95% year-over-year.

• Net loss attributable to shareholders: RMB -897.53 million (H1 2025: RMB -839.73 million).

• EBITDA: RMB 441.63 million, down from RMB 473.01 million year-over-year.

• Cash flow from operations: RMB 603.65 million, up 159.25% year-over-year.

• R&D expenses: RMB 752.16 million, representing 8.53% of revenue.

Outlook and guidance

• The AMOLED industry faces short-term pressure from weak consumer demand and upstream component shortages, but mid- to long-term growth is expected, especially in large-size applications.

• The company will continue to focus on innovation, cost control, and expanding its customer base in high-growth segments.