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Is Everdisplay Optronics (Shanghai) (SHSE:688538) A Risky Investment?
Shanghai Hehui Optoelectronics Co., Ltd. 2024 Annual Results Express Announcement
Hehui Optoelectronics (688538.SH): Authorized the management to initiate the preparatory work for the company's Overseas share issuance and listing on the Hong Kong Stock Exchange.
On January 17, Gelonghui reported that He Hui Optoelectronics (688538.SH) announced plans to accelerate the company's international strategy and overseas business layout, enhance the company's Overseas financing capability, and increase the proportion of high-end AMOLED panel products in its production capacity. In accordance with the company's overall development strategy and operational needs, the company intends to issue shares (Listed in Hong Kong) overseas and be listed on the Hong Kong Stock Exchange (referred to as "Hong Kong Stock Exchange"). The company's Board of Directors has agreed to authorize the management to initiate preparatory work for this H-share listing, with the authorization period set for 12 months from the date of the Board's approval. Subsequently, the company will collaborate with relevant parties.
Huihui Optoelectronics (688538.SH): Net loss of 2.5 billion yuan in 2024.
On January 17, Gelonghui announced the performance report for Hehui Optoelectronics (688538.SH) for the fiscal year 2024, (1) During the reporting period, the company achieved total operating revenue of 4,957.8607 million yuan, an increase of 63.17% compared to the same period last year. (2) During the reporting period, the company's net income attributable to the parent company and net income attributable to the parent company after deducting non-recurring gains and losses were negative, showing improvements of 22.52% and 22.49% compared to the same period last year, respectively, with a net income attributable to the parent company of -2,513.7813 million yuan, which represents a decrease in losses of 73.06 compared to the previous year.
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Is Everdisplay Optronics (Shanghai) (SHSE:688538) A Risky Investment?
