E Ink Holdings’ performance in the first half of 2024 was impacted by delays in transitioning its color e-paper technology from three colors to four colors. The company, which had anticipated resolving these issues by early 2023, experienced slower-than-expected progress, affecting its Electronic Shelf Label (ESL) shipments and overall growth in the first half of the year.
E Ink’s consolidated revenue in Q2 2024 reached NT$7.656 billion, up 6% year-on-year, but operating profit fell 22% to NT$1.577 billion. The company’s after-tax net profit attributable to the parent company was NT$2.016 billion, a 17% decline compared to the same period last year. Earnings per share also dropped to NT$1.76 from NT$2.12.
In the first half of 2024, E Ink reported consolidated revenue of NT$13.299 billion, an 8% decrease year-on-year. Operating profit declined by 37% to NT$2.411 billion, and net profit attributable to the parent company fell 20% to NT$3.341 billion. The company’s challenges with the color conversion of ESL products and varying product yields across its platforms have been key contributors to these declines.
Looking forward, E Ink expects improved performance as the four-color transition accelerates in the second half of the year. The company is also actively developing large-size e-paper and exploring new markets, including transportation and advertising, to drive future growth.
