Yeebo (International Holdings) Limited – Detailed Analysis of Suzhou QingYue’s Audited Results for FY2025

Key Points and Executive Summary

• Yeebo (International Holdings) Limited (“Yeebo” or “the Company”), listed on the Hong Kong Stock Exchange, holds an equity interest of approximately 28.08% in Suzhou QingYue Optoelectronics Technology Co. Ltd. (“Suzhou QingYue”).
• Suzhou QingYue’s audited results for the year ended 31 December 2025 revealed a significant net loss attributable to its owners, amounting to approximately RMB99 million (equivalent to HK\$107 million).
• This represents a substantial increase in losses compared to the previous year (2024), where the loss attributable to owners was RMB69 million.
• Suzhou QingYue is listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange (SSE Stock Code: 688496) and specializes in the development, manufacture, and sale of OLED displays, e-paper modules, and micro-OLED products.
• The official audited results announcement (in Chinese) is available on the SSE website (www.sse.com.cn).

Detailed Financial Performance

Financial Results: For the financial year ended 31 December 2025, Suzhou QingYue reported a net loss of RMB99 million, which is a 43% increase from the loss of RMB69 million in 2024. This continues a trend of widening losses and may signal ongoing operational challenges or increased expenses in the company’s core businesses.

Currency Conversion: The loss is also notable from a Hong Kong Dollar perspective, translating to HK\$107 million, which could have a direct impact on Yeebo’s financial statements given its substantial equity stake in Suzhou QingYue.

Business Operations: Suzhou QingYue’s principal activities focus on cutting-edge display technologies, including OLED, e-paper, and micro-OLED products. The increased loss may reflect competitive pressures, high R&D costs, or other market factors affecting these sectors.

Shareholder Considerations and Potential Price Sensitivity

• Impact on Yeebo’s Share Value: As Yeebo holds a significant stake (28.08%) in Suzhou QingYue, the widened losses at Suzhou QingYue are likely to negatively impact Yeebo’s consolidated financial results. This may be considered price-sensitive information for Yeebo shareholders and potential investors.
• Caution Advised: The announcement explicitly urges shareholders and potential investors to exercise caution when dealing in Yeebo’s shares due to the potential impact of Suzhou QingYue’s financial performance.
• Regulatory Disclosure: The announcement was made pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (SFO), highlighting its materiality and relevance to investors.
• Potential for Share Price Movement: The magnitude of the loss and its increase over the prior year constitute material information that could affect investor sentiment and trigger movement in Yeebo’s share price.

Corporate Governance and Board Information

The announcement is issued by Yeebo’s Board, with the Company Secretary being Lau Siu Ki, Kevin. The Board is comprised of executive directors Mr. Fang Yan Tak, Douglas, Mr. Li Kwok Wai, Frankie, Mr. Leung Tze Kuen, and Mr. Cheung Wai Man, as well as independent non-executive directors Mr. Chu Chi Wai, Allan, Mr. Lau Yuen Sun, Adrian, and Professor Lau Kei May.

Definitions and Clarifications

• Yeebo (International Holdings) Limited: Bermuda-incorporated, listed in Hong Kong.
• Group: Yeebo and its subsidiaries.
• Suzhou QingYue: PRC-based, listed on SSE, specializing in advanced display technologies.
• RMB/HK\$: Renminbi and Hong Kong Dollar respectively.
• SFO: Securities and Futures Ordinance, HK regulatory framework.

Investor Guidance

Shareholders and potential investors should closely monitor further announcements from Yeebo, as the performance of Suzhou QingYue may continue to influence Yeebo’s consolidated results and share price. The increased loss at Suzhou QingYue is a significant negative development that could affect future valuations and financial outlooks.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should exercise caution and consult their financial advisors before making any investment decisions based on this information. The information is based on publicly disclosed company announcements and may be subject to change.

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