New Stock News | HLGD (688538.SH) submits a Hong Kong Stock Exchange listing application, ranking first among Chinese manufacturers of large-sized AMOLED semiconductor display panels.

According to the disclosure by the Hong Kong Stock Exchange on April 23, Shanghai North Electro-Optic Technology Co., Ltd. (referred to as "Hehui Optoelectronics (688538.SH)") has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CICC as the exclusive sponsor. The prospectus shows that Hehui Optoelectronics is a leading global manufacturer of AMOLED semiconductor display panels, specializing in research and production of AMOLED semiconductor display panels that provide people with extraordinary true colors, excellent visual experiences, and low power consumption. According to consultations by Zacks, when considering cumulative sales volumes from 2022 to 2024, the company ranks second globally in the large size AMOLED semiconductor display panel manufacturers, and first in China. The company focuses on promoting and facilitating the extensive application of AMOLED display panels in various fields, especially in markets with strong growth potential, continuously achieving performance growth. For example, from 2022 to 2024 based on annual sales volume, the company has consistently ranked in the top three globally in the tablet/laptop sector for three years, and first in China. In addition, within these years, the company held a market share of 73.3% among all Chinese manufacturers; In the automotive display sector, based on cumulative sales volumes from 2022 to 2024, the company ranked fourth globally and second in China. The company's AMOLED semiconductor display panels have been used by leading consumer electronics brands such as Honor and Transsion, as well as two of the top five Chinese automotive companies. Furthermore, a leading European aircraft manufacturer has adopted and used the company's products. The company has diversified its product matrix covering tablet/laptops, smartphones, smart wearables, and automotive displays through the integration of cross-industry technologies such as AI-powered CPU/GPU processing and display driver ICs. It is actively expanding into emerging application areas such as aviation displays to broaden its technological horizons. Currently, the company's 4.5th generation AMOLED production line focuses mainly on smart wearables and smartphones, while the 6th generation AMOLED production line emphasizes tablet/laptops, automotive displays, and smartphones. The company also has the production capability for rigid, flexible, and hybrid display panels, being able to produce different products on the same production line. The existing 4.5th and 6th generation AMOLED production lines have the capacity and technological capability for producing rigid, flexible, and hybrid products. In terms of rigid panels, according to Zacks, the company's capacity ranks first in China and second globally in 2024, possessing a strong capacity advantage. In terms of flexible products, the company has accumulated research and innovation in flexible design and manufacturing technology, successfully launching and mass producing products using low-temperature polysilicon (LTPS) and LTPO flexible display technology. In terms of finances, the revenue of Hehui Optoelectronics in the years 2022, 2023, and 2024 were approximately 4.191 billion, 3.038 billion, and 4.958 billion RMB respectively; during the same period, the net loss and comprehensive net loss amounted to approximately 1.602 billion, 3.244 billion, and 2.518 billion RMB respectively.