EverDisplay Optronics

Recently, BOE, Tianma, TCL, EDO and Visionox all posted their financial results for Q2 2024, and all were rather positive. Samsung Display and LG Display also posted increased earnings for the quarter.

So we start with BOE, that posted revenues of 93.4 billion yuan (13.17 billion USD) for the first half of 2024, an increase of 16.47% over H1 2023. Its net profit increased 210% compared to last year (2.285 billion Yuan, or $320 million USD). BOE enjoyed increased LCD sales and optimized production, and also noted high demand for high-end foldable OLED displays.

A few days ago, Everdisplay Optronics started to move-in equipment in its AMOLED module factory in Yangzhou High-tech Industrial Development Zone, in Jiangsu province.

Everdisplay estimates that the total investment in its new module factory will reach $825 million USD, and it will have an annual capacity of 70 million display modules - when its two lines are in operation. The construction of the factory started in December 2023.

According to Omdia, sales of OLED panels in sizes over 9-inch (the company refers to these as Large Area Displays) will increase 124.6% in 2024. In 2023, the market contracted 25.7%, with the only exception being OLED monitor panels that grew in shipments.

In 2024, Omdia says that all application areas will see an increase in shipments - TVs, monitors, tablets and laptops. Only the company's "other" category will see a decrease in sales. In particular, tablet OLED shipments are projected to increase by 294% compared to 2023, largely due to Apple's adoption of OLEDs in the 2024 iPad Pro tablets. Laptop OLED sales will increase 152.6%, and monitors OLEDs will increase 139.9%. Finally, OLED TV panel shipments will increase 34.8%.

Omdia released its small and medium (9-inch and lower) AMOLED market share information for 2023, saying that even though Samsung's market share was lower than 50% for the first time, it stills leads the market by a large margin, with a 43% market share. 

Samsung is followed by BOE (15%), LG Display (10%), Visionox (9%) and Tianma (8%). The total market reached 842 million units, a growth of 11% over 2022. Omdia says that the China-based OLED makers have been expanding their capacity and improving the quality of the produced panels, and are securing orders from domestic smartphone brands. 

China-based AMOLED producer Everdisplay (EDO) reported its financial results for Q3  2023. Net loss increased to 1.1 billion Yuan ($150 million USD), and total loss in 2023 so far was 2.39 billion Yuan (around $325 million USD). 

The company says that the increased loss and drop in revenues were due to the global economic recession and weak demand in the consumer electronics market. The industry is facing a fierce price competition with radical price drops by AMOLED makers causing revenues and losses to decline.

China-based AMOLED producer Everdisplay (EDO) reported its financial results for the first half of 2023. The company's income was 1.373 billion yuan ($189 million USD), a decrease of 23.4% from the first half of 2022. The company's loss was 1.296 billion yuan ($178 million USD), an increase of 173% from 2022. 

Everdisplay attributes its loss to the global economic recession that results in weak demand for consumer electronics, and also to the overcapacity in the industry which leads to aggressive pricing by OLED makers. In addition to the market conditions, Everdisplay's interest expenses has increased and exchange rate fluctuations results in more losses.

Omdia says that small-size (under 9") AMOLED display shipments dropped 6% in 2022 to 762 million units, due to lower demand for smartphones.

Samsung remains the leading AMOLED maker, with a 56% market share (by unit), down from 61% in 2021, with BOE in the second plane (12%) and LG Display in the third place (11%). The next producers by shipments are Visionox and Everdisplay.

In 2021, China-based SAIC launched the Zhiji L7, an electric sports sedan that offered 615-1,000 Km range (depending on the model), wireless charging, side-view mirrors semi-autonomous driving.

The Zhiji L7 has a center AMOLED display produced by China's Everdisplay. This is a 12.8" 1728x1888 automotive-grade AMOLED, that offers a lifetime of over 10,000 hours (LT80).

China-based AMOLED producer Everdisplay is progressing with its expansion plan for its 6-Gen production line in Shanghai. EDO's new line, which will have a monthly capacity of 15,000 substrates is progressing as planned, with trial production expected in 2023.

It seems as if EDO is targeting automotive applications for its latest AMOLED displays. The company already started developing OLEDs for automotive applications in 2015, and now the company is now stepping up its efforts, as large displays are entering the automotive market.

China's Everdisplay started to produce a new 1.6" 360x320 AMOLED display, and these are now available in the OLED Marketplace. These small OLED displays are suitable for many applications, including wearables.

If you are interested in this display for your device or new project, contact us now, or check out more information over at the OLED Marketplace. We also list many other EDO AMOLED displays, including foldable displays and laptop displays.