The subsidiary of Olaide (688378.SH) won the bid for 472815 million yuan for the Vicino production line upgrade project

Zhitong Finance App News, Olaide (688378.SH) issued an announcement. Shanghai Shengli Optoelectronics Technology Co., Ltd. (“Shanghai Shengli”), a wholly-owned subsidiary of the company, recently received a notice of winning the bid. The winning project: Vicino's sixth-generation flexible active matrix organic light-emitting display (AMOLED) production line upgrade project, equipment name: organic evaporation source, with a bid amount of 47,2815 million yuan.

As the core supplier of domestic evaporation sources, the company successfully won the bid for this technology upgrading project, which shows that the company's products have been highly recognized by downstream customers, which is conducive to further deepening long-term cooperative relationships and promoting the localization and import substitution process in the evaporation source field. After the contract is formally signed and successfully implemented, it is expected to have a positive impact on the company's 2026 and 2027 performance, but the risk of delays in the relevant revenue recognition period is not ruled out.