Huaying Technology announces performance forecast for the first half of 2025

On July 11, Huaying Technology released its semi-annual performance forecast for 2025.

In the first half of 2025, the company expects to achieve a net profit attributable to shareholders of listed companies of -466 million to -486 million yuan, a year-on-year loss reduction of 13.81%–17.36%; it is expected to achieve a net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of -470 million to -490 million yuan, a year-on-year loss reduction of 14.30%–17.80%.

Huaying Technology stated that during the reporting period, competition in the display panel industry remained fierce. The company focused on its main business, actively expanded the market, improved management efficiency, and improved product costs through multiple measures such as integrating production lines, reducing material costs, and optimizing resource allocation, thereby increasing product gross profit. Compared with the same period last year, the company's net profit for this reporting period increased year-on-year.

According to data, Huaying Technology’s main business is the research and development, production and sales of display panels and display modules. The small and medium-sized display module products produced by the company are mainly used in vehicle display screens, industrial control screens, tablet computers, POS machines, smart phones and other fields.

Among them, Huaying Technology’s display panel business is mainly handled by its subsidiary Huajiacai, which is responsible for operations A metal oxide thin film transistor liquid crystal display device (IGZO TFT-LCD) production line mainly produces small and medium-sized display panels. The products are mainly used in vehicle displays, industrial control screens, tablet computers, POS machines, smart phones and other fields.

In 2024, Huaying Technology achieved operating income of 1.739 billion yuan, a year-on-year increase of 19.48%; net profit attributable to shareholders of listed companies -1.142 billion yuan; net profit attributable to shareholders of listed companies after deducting recurring profits and losses was -1.142 billion yuan.

In the first quarter of 2025, the company achieved revenue of 342 million yuan, a year-on-year decrease of 19.13%; the net profit attributable to shareholders of listed companies was approximately -233 million yuan; the net profit attributable to shareholders of listed companies excluding non-recurring gains and losses was approximately -235 million yuan. (Text: compiled by TrendForce Display)

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