New stock news | Hehui Optoelectronics (688538.SH) will conduct a hearing at the Hong Kong Stock Exchange, becoming the first company in China to achieve mass production of AMOLED semiconductor display panels.

According to the disclosure by the Hong Kong Stock Exchange on March 8th, Shanghai Hehui North Electro-Optic Co., Ltd. (referred to as Hehui Optoelectronics, 688538.SH) conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. In 2014, Hehui Optoelectronics became the first company in China to successfully achieve mass production of AMOLED semiconductor display panels using a 4.5th generation AMOLED production line. The company further expanded its production capacity through a 6th generation AMOLED production line, achieving mass production in 2019 and successfully expanding into the large-sized AMOLED semiconductor display panel field. The prospectus shows that Hehui Optoelectronics is an advanced AMOLED semiconductor display panel manufacturer, focusing on research and development and production of AMOLED semiconductor display panels that provide people with extraordinary true colors, superior visual experiences, and low power consumption. Hehui Optoelectronics has maintained cooperation with leading Chinese intelligent terminal equipment providers for over a decade. The company's AMOLED semiconductor display panels have served leading consumer electronic brands such as Honor and Transsion, as well as two of the top five Chinese automakers. In addition, the company's products have been adopted and used by a leading aircraft manufacturer headquartered in Europe. Hehui Optoelectronics adheres to a "balance of rigidity and flexibility" strategy, with the ability to produce rigid, flexible, and Hybrid AMOLED display panels, allowing for flexible switching and production of different products based on customer specifications. The company has also introduced new products such as foldable and curved display panels to keep pace with industry trends and meet customer demands. The company's diversified product supply capabilities enable it to cover a variety of application areas, including four main application areas: tablet/notebook computers, smartphones, smart wearables, and automotive displays. The company's product size range is extensive, from 0.95-inch small smart wearables to 27-inch large display panels. The company's AMOLED semiconductor display panels are highly sought after in the market for their high refresh rate, high brightness, wide color gamut, low power consumption, thinness, and other advantages. With a focus on research and development and strong product innovation capabilities, Hehui Optoelectronics has successfully captured a significant market share in various AMOLED application areas, achieving significant industry rankings in the process. Specifically, according to data from Zhoushi Consulting, the company ranks first in China in terms of sales volume of large-sized AMOLED semiconductor display panels by 2024, demonstrating the company's leading position in the industry. In specific sub-sectors, the company also holds advanced positions in terms of sales volume by 2024: ranking first in the tablet/notebook computer display panel sector in China; ranking third in the automotive display sector in China; ranking second in the smart wearables sector in China; and ranking sixth in the smartphone sector in China. Financially, for the fiscal years 2022, 2023, 2024, and the nine months ended September 30, 2025, the company achieved revenues of approximately RMB 4.191 billion, RMB 3.038 billion, RMB 4.958 billion, and RMB 4.002 billion respectively. During the same period, the company recorded total losses and comprehensive losses of approximately RMB 1.602 billion, RMB 3.244 billion, RMB 2.518 billion, and RMB 1.370 billion.