Wright Optoelectronics: The amount of convertible bonds is reduced from 766 million to 698 million

Recently, Wright Optoelectronics issued an announcement to adjust its plan to issue convertible corporate bonds to unspecified objects. The company reduced the original planned raise of 766 million yuan to 698 million yuan, and canceled the investment in raised funds for the "perovskite material research and development and device verification innovation platform construction project". The relevant funds will be raised by the company itself.

After the adjustment, the funds raised this time will be mainly used for three projects: "Pucheng Wright Optoelectronic New Materials Production R&D Base Construction Project Production Workshop 1, Production Workshop 3 and Production Workshop 4 Project" plans to invest 491 million yuan in raised funds, and "Pucheng Wright Production Workshop Digital Intelligence Upgrading Project" plans to invest 34 million yuan to supplement working capital of 173 million yuan.

Wright Optoelectronics stated that the investment projects this time are centered on the company's main business, aiming to increase the production capacity of OLED intermediates, pre-sublimation materials and pharmaceutical intermediates, and at the same time intelligently upgrade the existing production workshops. Among them, the total investment of the Pucheng new material production and R&D base project is 521.6607 million yuan, with a construction period of 3 years, an after-tax internal rate of return of 23.45%, and an after-tax static investment recovery period of 6.21 years. After the completion of the project, it is expected to increase the output of OLED intermediates by 7.646 tons/year, pharmaceutical intermediates by 9.373 tons/year, and perovskite materials by 4.258 tons/year. All OLED pre-sublimation materials will be used by ourselves.

In terms of customer cooperation, Wright Optoelectronics has cooperated with world-renowned OLED panel and silicon-based OLED manufacturers such as BOE, Shenzhen Tianma, TCL CSOT, Truly Group, and Shiya Technology, among which BOE is the largest customer. In 2026, the company will newly develop Huike and realize sales. As the company's OLED terminal materials are introduced in Huike for a longer time and more types of products are introduced, the company's revenue from Huike is expected to continue to grow.

Financial data shows that Wright Optoelectronics will achieve operating income of 552 million yuan in 2025, a year-on-year increase of 17.05%; net profit attributable to the parent company is 220 million yuan, a year-on-year increase of 31.39%. In the first quarter of 2026, the company achieved operating income of 133 million yuan, a year-on-year decrease of 8.20%; net profit attributable to shareholders of listed companies was 45.9792 million yuan, a year-on-year decrease of 24.47%.