Everdisplay Optronics (Shanghai) Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Everdisplay Optronics (Shanghai) Co., Ltd.

Everdisplay Optronics (Shanghai) Co., Ltd. was established in 2007, specializing in the design and manufacturing of OLED (Organic Light Emitting Diode) displays. Headquartered in Shanghai, China, the company has evolved to become a significant player in the display industry, particularly focusing on the development of display technologies for smartphones and other consumer electronics.

In 2015, Everdisplay received a substantial investment of approximately USD 18 million from a consortium of investors, including state-owned enterprises. This funding was pivotal in enhancing its production capabilities and technological advancements.

By 2017, Everdisplay reported a production capacity of around 30,000 units of AMOLED panels per month. The company’s efforts toward innovation led to the introduction of its flexible OLED display technology, which became popular in the mobile device sector, especially in devices manufactured by local Chinese brands.

The year 2018 marked a pivotal moment as Everdisplay announced a partnership with several key smartphone manufacturers to supply OLED screens, significantly boosting its market presence. By the end of 2018, Everdisplay's revenue reached approximately USD 100 million, reflecting a strong demand for their products.

In 2019, Everdisplay expanded its production facilities with the establishment of a new manufacturing plant in Shanghai, which aimed to double its production capacity by 2021. The new facility was expected to significantly enhance its output of flexible OLED displays.

By 2020, Everdisplay's revenue had grown to approximately USD 120 million, thanks to increased orders from major clients. The company reported a production capacity that had reached an impressive 50,000 units per month.

In 2021, the company continued to innovate, launching new lineups of OLED displays that incorporated advanced features such as enhanced color reproduction and power efficiency. This launch was critical as it positioned Everdisplay to capture more market share in the competitive smartphone display sector.

By 2022, reports indicated Everdisplay's market share in the OLED display segment had reached approximately 25% in China, driven by robust demand from both domestic and international brands. Revenue was estimated to be around USD 150 million, reflecting continued growth.

Everdisplay aims to invest heavily in research and development going forward, with plans to allocate over 10% of its annual revenue to R&D, ensuring they remain at the forefront of display technology innovation.

The company's success has led to its recognition as a key player in the OLED industry, contributing to the growing trend of flexible and foldable screens in consumer electronics. This trajectory of growth positions Everdisplay Optronics as a significant contender in the global display market.

A Who Owns Everdisplay Optronics (Shanghai) Co., Ltd.

Everdisplay Optronics (Shanghai) Co., Ltd., established in 2013, specializes in the development and manufacturing of AMOLED (Active Matrix Organic Light Emitting Diode) displays. As of the most recent data available, the ownership structure is comprised mainly of private investors and significant stakeholders from the electronics and display industry.

The company is primarily owned by:

• Shanghai Industrial Investment (Holdings) Co., Ltd. (SIIC) - Holds a major stake of approximately 40% in Everdisplay Optronics.
• Beijing Oriental Fortune Capital - Owns around 15%.
• Yoshinori Shimizu - A notable individual investor with a stake of 10%.
• Other Private Investors - Collectively own the remaining 35%, which includes various venture capital firms and angel investors.

The capital raised during the last funding round in 2022 was reported at $150 million, further solidifying the company’s capability to enhance its research and development for AMOLED technology. The company's strategic partnerships with tech giants also contribute significantly to its ownership dynamics.

Everdisplay operates within a highly competitive landscape characterized by rapid technological advancements. As of 2023, the company's annual revenue was reported at approximately $300 million, with a projected growth rate of 20% annually over the next five years.

The firm has a production capacity of around 15 million AMOLED panels annually, contributing to its strategic market positioning. The headquarter location in Shanghai also benefits from favorable government policies aimed at supporting high-tech industries.

Everdisplay Optronics (Shanghai) Co., Ltd. Mission Statement

Everdisplay Optronics (Shanghai) Co., Ltd. emphasizes its commitment to innovation and excellence in the field of display technology. The company’s mission statement focuses on leading the industry in the production and development of advanced display solutions. This aligns with their goal to satisfy the increasing global demand for high-quality, energy-efficient display products.

The company highlights its dedication to research and development (R&D), which constitutes a significant part of its operational strategy. In 2022, Everdisplay allocated approximately 15% of its revenue towards R&D, underscoring its intention to maintain technological leadership in the OLED display market.

According to financial reports released in 2022, the company achieved revenues of approximately ¥1.2 billion (about $185 million), a notable increase of 20% from the previous year. This growth can be attributed to the expanding applications of OLED technology in both consumer electronics and automotive sectors.

Everdisplay’s mission statement also embodies a commitment to sustainability. The company aims to reduce its carbon footprint and enhance energy efficiency across its manufacturing processes. By 2023, Everdisplay plans to implement energy-saving technologies that are expected to lower operational energy consumption by 25%.

Furthermore, Everdisplay is dedicated to fostering strategic partnerships with key players in various industries to expand its market reach. Notably, collaborations with global tech companies have resulted in increased market penetration, enhancing product visibility and availability. In 2022, the company secured major contracts with several renowned electronics manufacturers, which are projected to contribute to approximately 30% of its 2023 revenue.

The mission statement of Everdisplay Optronics reflects a holistic approach that integrates technological advancement, customer satisfaction, and sustainability. These principles underpin the company’s operations and growth strategies in the highly competitive display technology industry.

How Everdisplay Optronics (Shanghai) Co., Ltd. Works

Everdisplay Optronics (Shanghai) Co., Ltd., established in 2012, focuses on research, development, manufacturing, and sales of AMOLED (Active Matrix Organic Light Emitting Diode) displays. It primarily serves the mobile phone, wearable device, and other consumer electronics markets.

The company operates a state-of-the-art manufacturing facility in Shanghai, incorporating advanced production technologies to enhance yield rates and product quality. Everdisplay’s production capacity has reached around 30,000 substrates per month, allowing it to meet the growing demand for high-quality display solutions.

As of 2023, Everdisplay has successfully launched several product lines, including:

• AMOLED displays for smartphones
• Flexible AMOLED displays for wearables and other devices
• Transparent OLED displays for commercial applications

In the fiscal year 2022, Everdisplay reported total revenue of approximately RMB 2.5 billion, reflecting a robust growth trajectory in the AMOLED market. The company’s net profit for the same year was around RMB 180 million, driven by increased demand from key domestic and international customers.

The company invests significantly in R&D, with around 10% of its annual revenue allocated for developing next-generation display technologies. This investment reflects Everdisplay’s commitment to maintaining a competitive edge in the rapidly evolving display market.

Everdisplay also focuses on strategic partnerships with major technology firms and component suppliers, which enhances its supply chain efficiency and product innovation. These collaborations have included agreements with smartphone manufacturers to integrate their AMOLED displays in flagship devices, significantly boosting their market presence.

In terms of market position, Everdisplay has captured approximately 15% of the AMOLED display market share in China, competing against established giants such as Samsung and LG Display. The global AMOLED market is projected to reach $43 billion by 2028, with a compound annual growth rate (CAGR) of 23% from 2021 to 2028, indicating substantial growth opportunities for Everdisplay.

In addition, Everdisplay emphasizes sustainability in its operations, aiming for a 20% reduction in energy consumption per unit produced by 2025. The company has also initiated efforts to transition towards more eco-friendly materials in its manufacturing processes, aligning with global sustainability trends.

The workforce at Everdisplay has expanded to over 2,000 employees, with engineers and technicians constituting a significant portion of the team, ensuring that the company drives innovation and maintains high production standards.

In conclusion, Everdisplay Optronics (Shanghai) Co., Ltd. operates at the forefront of the AMOLED display industry, leveraging advanced technology, strategic partnerships, and a focus on R&D to capitalize on market growth and evolving consumer preferences.

How Everdisplay Optronics (Shanghai) Co., Ltd. Makes Money

Everdisplay Optronics (Shanghai) Co., Ltd. generates revenue primarily through the manufacturing and selling of organic light-emitting diode (OLED) displays. The company has carved out a niche in producing high-resolution displays for smartphones, tablets, wearables, and automotive applications. As of the most recent financial reports, Everdisplay's revenue streams can be segmented as follows:

• Smartphone Displays: Approximately 70% of total revenue
• Tablet Displays: Roughly 15% of total revenue
• Wearable Devices: About 10% of total revenue
• Automotive Displays: Approximately 5% of total revenue

In the fiscal year of 2022, Everdisplay reported total revenue of RMB 2.3 billion, reflecting a year-over-year growth rate of 10% from RMB 2.1 billion in 2021. The net profit margin stood at 8%, yielding a net income of around RMB 184 million.

The company focuses on several strategic initiatives to drive profitability:

• Technological Innovation: Investing over 12% of revenue into research and development to enhance product quality and efficiency.
• Cost Management: Maintaining a lean operational model, which has allowed the gross margin to remain around 25%.
• Strategic Partnerships: Collaborating with major smartphone manufacturers, including Xiaomi and Vivo, which comprise roughly 60% of its customer base.

Everdisplay has diversified its product portfolio to include flexible OLED displays, targeted at premium smartphone models. In 2022, sales of flexible OLED displays accounted for 30% of the total display shipments, signaling a growing trend in consumer preferences.

The following table outlines Everdisplay’s financial performance and product segment contributions:

Furthermore, the company has noted an increase in demand for OLED displays driven by trends in the gaming and entertainment sectors. In 2023, Everdisplay anticipates a sales growth trajectory of approximately 15% as it looks to capture more market share by expanding its client base.

Lastly, Everdisplay's operational efficiency can be evidenced by a return on assets (ROA) of 5.5% in 2022, indicating effective utilization of its asset base to generate profits.