Revenue and Net Profit Both Increased, Huike Co., Ltd. Demonstrates Strong Operational Strength

Since 2023, the global display panel industry has entered a new development inflection point. Surplus capacity continues to be phased out, production capacity structure is constantly optimized, and market competition is gradually shifting from disorderly internal competition to orderly consolidation. Mainstream product prices are steadily rising, and the industry as a whole shows a steady growth trend.

Against this backdrop, Huike Co., Ltd. accurately seizes the dual opportunities of industry recovery and structural optimization. Through product structure upgrades and expansion of business scope, the company has achieved continuous and steady growth in revenue and profit, with a fundamental reversal in gross profit margin. It has successfully transitioned from loss to profit and sustained performance growth, demonstrating solid and reliable core operational strength.

On the product side, Huike Co., Ltd. closely follows the industry trend toward larger sizes and higher added value. In terms of TV panels, the company focuses on a “large size + high performance” dual-driven strategy, launching products with wide viewing angles, low color deviation, ultra-high resolution, high color gamut, and narrow bezels. Its product range covers from 23.6 inches to 116 inches, with the first shipment of a 116-inch LCD TV panel expected in early 2025.

In terms of business, the company has successfully developed diversified growth engines. The revenue share of IT panel business increased from 20.30% in 2022 to 26.02% in the first half of 2025. Mass production of mobile phone panel modules has been achieved and integrated into major customer supply chains. Emerging scene products such as automotive displays and industrial control displays have also entered mass production and shipment, becoming new highlights for performance growth.

The optimization of product and business structures directly drives the company’s leapfrog growth in operating performance. Huike Co., Ltd.'s operating revenue rapidly increased from 35.824 billion yuan in 2023 to 40.871 billion yuan in 2025, with revenue steadily climbing. Profitability also improved, with net profits attributable to shareholders reaching 2.582 billion yuan, 3.320 billion yuan, and 3.808 billion yuan respectively from 2023 to 2025, with a 14.70% year-on-year increase in 2025, successfully achieving stable and sustained performance growth.

Meanwhile, in the first half of 2025, the company’s main business gross profit margin increased to 21.24%. Both core businesses—semiconductor display panels and smart display terminals—exhibited gross profit margins significantly higher than industry averages.

In addition to revenue and profit growth, Huike Co., Ltd.'s profitability quality is also impressive. The company’s cash flow closely matches net profit. In 2024, net cash flow from operating activities reached 10.996 billion yuan, and in the first half of 2025, it was 4.054 billion yuan. Strong sales collection capabilities provide sufficient funds for R&D investment, capacity expansion, and technological upgrades.

From the pressure adjustments during the industry downturn to the simultaneous improvement in quantity and quality during the recovery cycle, Huike Co., Ltd. has delivered a performance report that withstands industry cycle tests through continuous growth in revenue, profit, and improved profitability levels. Its path of structural optimization and operational upgrading also offers a practical example for display panel companies to cope with cyclical fluctuations and achieve steady development.

(Edited by: He Chong)

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