O-Film announced the appointment of Li Yin, born in 1991, as vice president and board secretary, succeeding Zhou Liang, who resigned due to job adjustments. Li previously served as vice president and board secretary at Xiangfenghua and Kexin Technology, joined O-Film in July 2026, and holds no company shares. The personnel change comes as the company faces performance pressure, with an estimated first-half net loss attributable to the parent of 360 million to 460 million yuan, and a non-recurring net loss of 376 million to 476 million yuan, mainly due to rising memory chip prices, weakening downstream demand, and reduced government subsidies. The company's non-recurring net profit has been negative for six consecutive years, with cumulative losses approaching 10 billion yuan since being removed from Apple's supply chain in 2020. As of the close on August 6, O-Film shares traded at 7.99 yuan per share, down about 25 percent year-to-date, with a total market value of approximately 27.93 billion yuan.
Shenzhen O-Film Tech Co LtdRising memory chip prices and weakening downstream demand lead to expected first-half net loss of 360-460 million yuan.
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