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Chinese maker of small and mid-size OLED display panels for smartphones and wearable devices.
Chinese maker of small and mid-size OLED display panels for smartphones and wearable devices.
Sells panels to phone and wearable brands, so factory utilisation and yield, the share of panels that pass quality checks, drive results, and the heavy depreciation on its costly fab lines weighs on earnings. It supplies smaller volumes than the largest Korean and Chinese OLED makers.
In one line: China's Samsung Display for small OLED panels.
Moat: narrow (scale, process know-how). Capital-intensive OLED fabrication scale is a barrier, though behind BOE/Samsung in yield/scale.
Headquarters: Shanghai, China · Founded: 2012 · Employees: 3,347
Size Everdisplay Optronics (Shanghai) (688538.SS) is a China Information Technology company (Computer Peripherals) with a market value of $6.72B, the 366th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.05 on 6 Nov 2026.
Performance Over six months the shares fell 9.3%, against -1.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 2.0% over the last twelve months (peer median +12.7%); the operating margin is -31.1% (peer median 12.4%).
Valuation It trades at 11.9× enterprise value to sales against a peer median of 2.0× (2nd most expensive of 21).
Capital Return on invested capital runs 5.0 points below its cost of capital (5.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.16B | CN¥5.50B | CN¥4.96B | CN¥3.04B | CN¥4.19B |
| Revenue growth | — | +11% | +63% | -27% | — |
| Gross profit | CN¥640M | -CN¥946M | -CN¥1.22B | -CN¥1.99B | -CN¥775M |
| EBITDA | n/a | CN¥651M | -CN¥4.70M | -CN¥1.02B | CN¥64.4M |
| Net income | -CN¥2.00B | -CN¥1.97B | -CN¥2.52B | -CN¥3.24B | -CN¥1.60B |
| Free cash flow | -CN¥839M | -CN¥1.15B | -CN¥1.08B | -CN¥1.87B | -CN¥3.67B |
| Capital expenditure | CN¥1.90B | CN¥1.80B | CN¥927M | CN¥1.67B | CN¥3.78B |
| Total debt | CN¥18.0B | CN¥17.3B | CN¥17.9B | CN¥14.3B | CN¥13.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Everdisplay Optronics (Shanghai) 688538.SS | $6.72B | -9% | -2% | -31% | 11.9× | n/a |
| BOE Technology 000725.SZ | $25.3B | +9% | -4% | 2% | 1.5× | -3.9% |
| Tianma Microelectronics 000050.SZ | $2.05B | -27% | -3% | -1% | 1.2× | -6.2% |
| SamsungElec 005930.KS | $886B | -14% | +88% | 46% | 2.0× | -7.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 688538.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | -19.9% | 3rd highest of 21 |
| 6-month return | -9.3% | -1.5% | 9th lowest of 21 |
| Distance from 52-week high | -30.0% | -39.3% | 8th highest of 21 |
| Revenue growth (TTM) | -2.0% | +12.7% | 2nd lowest of 21 |
| Operating margin | -31.1% | 12.4% | lowest of 21 |
| EV / Sales | 11.9× | 2.0× | 2nd most expensive of 21 |
| ROIC minus cost of capital | -5.0 pp | +11.1 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Everdisplay Optronics (Shanghai) 688538.SS | China | $6.72B | -9% | -2% | -31% | 11.9× | n/a | n/a |
| Brother Industries 6448.T | Japan | $6.52B | +39% | +7% | 13% | 0.8× | -6.3% | +7.2% |
| Shenzhen Kaifa Technology 000021.SZ | China | $6.13B | -11% | +14% | 11% | 2.6× | n/a | n/a |
| AUO 2409.TW | Taiwan | $6.02B | +49% | -1% | -2% | 0.7× | n/a | n/a |
| Gigabyte Technology 2376.TW | Taiwan | $6.01B | +7% | +38% | 5% | 0.7× | n/a | n/a |
| Seiko Epson 6724.T | Japan | $5.39B | +27% | +8% | 6% | 0.6× | 0.8% | +7.2% |
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 15.4× | 32.2% | +15.0% |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 3.0× | n/a | n/a |
| E Ink 8069.TWO | Taiwan | $4.98B | +2% | -3% | 29% | 4.5× | -0.3% | +18.6% |
| Unisplendour 000938.SZ | China | $10.4B | -24% | +25% | 3% | 0.9× | n/a | n/a |
| Sichuan Changhong Electric 600839.SS | China | $3.55B | -41% | +4% | 0% | 0.4× | n/a | n/a |
| Hangzhou EZVIZ Network 688475.SS | China | $3.53B | -4% | +8% | 12% | 3.2× | 15.7% | +13.8% |
| Micro-Star International 2377.TW | Taiwan | $3.50B | +43% | +1% | 5% | 0.4× | n/a | n/a |
| Logitech International LOGN.SW | Switzerland | $13.2B | -1% | -1% | 18% | 2.4× | -5.7% | -4.3% |
| Lite-on Technology 2301.TW | Taiwan | $13.2B | +16% | +24% | 13% | 2.1× | n/a | n/a |
| Transcend Information 2451.TW | Taiwan | $3.22B | -13% | +286% | 67% | 2.0× | n/a | n/a |
| ADATA Technology 3260.TWO | Taiwan | $3.16B | -33% | +125% | 34% | 1.5× | n/a | n/a |
| Extreme Networks EXTR | United States | $3.15B | 0% | +11% | 6% | 2.4× | 27.3% | +4.9% |
| AURAS Technology 3324.TWO | Taiwan | $2.90B | -10% | +71% | 16% | 3.3× | n/a | n/a |
| Innodisk 5289.TWO | Taiwan | $2.76B | -35% | +334% | 49% | 2.1× | n/a | n/a |
| VusionGroup VU.PA | France | $2.61B | +11% | +45% | 10% | 1.3× | n/a | n/a |