Increased capital by 240 million yuan, OLED increases investment in OLED display materials

On March 26, OLED announced that the company's board of directors has reviewed and approved the proposal to use part of the raised funds to add new capital to its wholly-owned subsidiary OLED, and plans to invest approximately 240 million yuan in the construction of the "OLED display core material PSPI material production base project."

After the completion of this capital increase, the registered capital of Allaide Changxin will increase from 60 million yuan to 299.7121 million yuan, and it will still be a wholly-owned subsidiary of Allaide.

According to previous news, the project focuses on key categories such as photosensitive polyimide materials (PSPI materials), thin film packaging materials, low-temperature color photoresists, and organic light-emitting materials. The project covers an area of ​​136,000 square meters and has a planned production capacity of 1,000 tons. Construction will start in Changxin, Jilin in July 2025.

Olade stated that this capital increase is based on the needs of the construction of the "OLED display core material PSPI material production base project" and does not change the investment direction and project construction content of the raised funds, which is in line with the company's overall strategic planning and long-term development. After the capital increase is completed, the construction process of the PSPI material production base will be accelerated, which will help enhance the company's production capacity and market competitiveness in the field of OLED display core materials.

According to data, OLED's main business is the research and development, manufacturing, sales and after-sales technical services of organic light-emitting materials and evaporation source equipment in the upstream link of the OLED industry chain. The company's main products are organic light-emitting materials, PSPI materials, thin film packaging materials, evaporation source equipment, Micro OLED evaporation machines, and perovskite evaporation machines. Its customers include domestic OLED panel manufacturers including Visionox, Hehui Optoelectronics, TCL CSOT, BOE, and Tianma.

In 2025, the company achieved operating income of 576.8936 million yuan, a year-on-year increase of 8.27%; net profit attributable to owners of the parent company was 80.4083 million yuan, a year-on-year decrease of 11.09%; net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 7.5037 million yuan, a year-on-year decrease of 83.42%.