E Ink Holdings Resubmits Hong Kong IPO Application With CITIC Securities as Sole Sponsor

Gate News message, April 16 — Zhejiang Orient Microelectronics Co., Ltd. (E Ink Holdings), a leading e-paper display manufacturer, has resubmitted its application for listing on the Hong Kong Stock Exchange's main board, with CITIC Securities (Hong Kong) Limited serving as the sole sponsor.

According to its prospectus, the company ranks as the world's second-largest e-paper display module manufacturer by revenue, holding a 20.5% global market share in 2024, and is the world's largest commercial e-paper display manufacturer with a 26.3% market share. The company reported revenues of 1.124 billion yuan ($155 million), 1.152 billion yuan, and 1.713 billion yuan for 2023, 2024, and 2025 respectively, with net profits of 50.74 million yuan, 53.4 million yuan, and 80.23 million yuan over the same periods. The company's gross margin improved to 16.4% in 2025 from 15.8% in prior years.

The global e-paper display market is projected to grow at a compound annual growth rate of 14.6% from 2024 to 2029, expanding from 548 billion yuan to 1.084 trillion yuan, driven by increasing demand in smart retail, smart offices, smart education, and logistics applications. E Ink is among the few companies with leading capabilities in flexible e-paper technology and large-scale commercialization, and is the only manufacturer to successfully penetrate the humanoid robot display market.