TRULY INT'L (00732) announced its annual results for the period ended December 31, 2024. The Group recorded revenue of HK$16.499 billion, a decrease of 7.5% compared to the previous year. Profit attributable to the company's owners for the year was HK$274 million, representing a decline of 9.2% year-on-year. Earnings per share were HK8.93 cents, and the board proposed a final dividend of HK5 cents per share.

According to the announcement, the decrease in annual revenue was primarily due to a reduction in revenue from the smartphone business. Looking ahead to 2026, the global economic environment remains filled with uncertainty and the competitive landscape is challenging. Cost fluctuations of certain core components, such as memory chips, are expected to continue impacting smartphone business performance. Meanwhile, as market demand for display products upgrades, particularly in areas like eye health protection and low energy consumption, color e-paper is poised for rapid adoption in sectors including retail, education, and logistics, leveraging its advantages in low power consumption, eye protection, and environmental friendliness.

TFT-LCD display products continue to maintain their cost and price advantages, which supports customer demand for equipment renewal in the consumer electronics and medical-industrial sectors, as well as growth in automotive display applications like central control screens, instrument clusters, and passenger entertainment screens. The company has established long-term, stable partnerships with leading global brand customers, maintaining deep interaction and communication to stay abreast of display technology trends and market demands. Its cost control and technical standards consistently meet customer and market requirements. As its customer base expands in global markets, the company is positioned to benefit from the growth of both the industry and its clients.