China Display Optoelectronics Technology Holdings Limited (“CH DISPLAY OPT” or “the Group”) reported robust volume-led growth for the three months ended 31 March 2026, counter-balancing a softer pricing environment and industry-wide component shortages.

Total shipments reached 18.55 million units, up 61.5% year on year, propelling revenue 19.7% higher to RMB 1.67 billion. Management attributes the outperformance to expanded tablet-module orders and a surge in commercial display demand, offset partially by lower average selling prices.

Segment performance: • Mobile phone modules: Shipments rose 15.9% to 10.50 million units; revenue increased 8.1% to RMB 478.00 million, reflecting pricing pressure. • Tablet modules: Shipments climbed 139.4% to 4.94 million units; revenue jumped 119.7% to RMB 780.60 million on continued digital-learning momentum. • Commercial display products: Shipments expanded 757.9% to 3.12 million units; revenue improved 41.8% to RMB 387.10 million. • Parts and others contracted 97.8% to RMB 6.60 million as the Group refocused reporting on self-manufactured products; other services contributed RMB 16.70 million, up 15.0%.

The average selling price for core products (excluding parts and others) fell 4.8% year on year to RMB 88.70 per unit, reflecting a more competitive product mix and targeted customer-customisation initiatives.

Industry backdrop remains challenging. IDC estimates global smartphone shipments declined 4.1% year on year in Q1 2026 to 289.7 million units, while Counterpoint forecasts a 12% full-year contraction amid escalating memory-chip shortages and cost pressures across the supply chain.

Management plans to mitigate external headwinds through tighter cost control, continued collaboration with TCL China Star Optoelectronics Technology Co., Ltd.’s t9 production line, and a sharper focus on medium-sized display modules for AI-driven and educational devices. Enhancing operational resilience and deepening strategic customer partnerships remain core priorities.

All figures are unaudited and derived from management accounts. Investors are advised to exercise caution when interpreting these preliminary results.