Sells display modules to consumer electronics, automotive display and commercial LCD customers, and polarizers to LCD panel manufacturers.
20-F for FY2025, filed Jan 26, 2026
Customers place purchase orders for display modules and polarizers; product-sale revenue is earned at delivery, or at the shipping point for international sales. Repair fees are earned when work is done, while lease income is spread month by month.
20-F for FY2025, filed Jan 26, 2026We do not typically enter into binding long-term contracts with our customers. Our sales are typically made through the purchase orders…View ↗
Revenue is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is…View ↗
The Company also generates revenues from providing repair services. Revenues from repair service agreements are recognized at a point in…View ↗
The Company also generates revenue from leasing properties and some small equipment. These leases have varying terms ranging from one month…View ↗
20-F for FY2025, filed Jan 26, 2026
FY2025 revenue by product or service ↗$39.7M
20-F for FY2025, filed Jan 26, 2026
$39.7M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sales of display modules
Sold outright
20-F for FY2025, filed Jan 26, 2026 |
38%
FY2022: 33%
|
Sales of display modules, FY2025
$15.2M Sources
|
Sold outright |
|
Sales of polarizers
Sold outright
20-F for FY2025, filed Jan 26, 2026 |
49%
FY2022: 59%
|
Sales of polarizers, FY2025
$19.5M Sources
|
Sold outright |
|
Research and Developments
|
0.1%
FY2022: 5.4%
|
Research and Developments, FY2025
$39.9K Sources
|
|
|
Others
Sold outright
20-F for FY2025, filed Jan 26, 2026 |
12%
FY2022: 1.8%
|
Others, FY2025
$4.9M Sources
|
Sold outright |
End-brand customers negotiate directly and may direct shipments to system integrators; affiliated trading companies and regional sales subsidiaries also procure orders and distribute products.
20-F for FY2025, filed Jan 26, 2026
20-F for FY2025, filed Jan 26, 2026
No. It lost $10.3M in FY2025.
20-F for FY2025, filed Jan 26, 2026
−$9.1MView ↗
20-F for FY2025, filed Jan 26, 2026
−$10.3MView ↗
20-F for FY2025, filed Jan 26, 2026
−$7.1MView ↗
Shrinking. Revenue fell 76% in 4 years, from $167.7M in FY2021 to $39.7M in FY2025, about 30% a year.
Competes with Skyworth Group, Keystone, and Lengda
20-F for FY2025, filed Jan 26, 2026Our principal competitors include Skyworth Group Limited, Keystone and Lengda.View ↗
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