Everdisplay Optronics Shanghai (688538) Q3 2025 earnings summary

Executive summary

• Revenue for the first nine months reached RMB 4,002.16 million, up 8.25% year-over-year, driven by diversified product strategy and growth in medium-to-large AMOLED panels.

• Net loss attributable to shareholders narrowed to RMB -1,369.57 million from RMB -1,762.24 million year-over-year.

• Gross margin improved by 9.77 percentage points year-over-year due to cost control and process improvements.

Financial highlights

• Operating cash flow for the first nine months was RMB 360.55 million, a significant improvement of RMB 480.77 million year-over-year.

• Basic and diluted EPS for the first nine months were both -0.10, compared to -0.13 in the prior year.

• R&D investment for the quarter increased 47.20% year-over-year to RMB 128.08 million, representing 9.62% of revenue.

• Total assets at quarter-end were RMB 27,453.61 million, down 7.23% from the previous year-end.

• Shareholders’ equity decreased 13.65% to RMB 8,664.53 million.

Outlook and guidance

• The company continues to focus on optimizing product structure, expanding in key application areas, and improving operational efficiency.