Everdisplay Optronics Shanghai (688538) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 1,068.07 million, down 19.82% YoY; net loss was RMB 495.57 million, while adjusted net loss was RMB 506.93 million.

• 9M revenue was RMB 3,659.27 million, down 8.57% YoY; net loss was RMB 1,393.10 million and adjusted net loss was RMB 1,430.59 million.

Financial highlights

• 9M operating costs were RMB 4,293.29 million versus revenue of RMB 3,659.27 million; operating loss was RMB 1,393.29 million.

• 9M financial expenses were RMB 353.20 million, including RMB 349.46 million of interest expense.

• 9M non-recurring gains totaled RMB 37.49 million, including government grants of RMB 26.95 million and trading-asset fair-value changes and investment gains of RMB 10.36 million.

Outlook and guidance

• Continued product-mix optimization, lean management and cost reduction; lower raw-material and other procurement cash payments supported 9M operating cash flow growth.