证券代码：002387 证券简称：维信诺 公告编号：2025-086 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚 假记载、误导性陈述或者重大遗漏。 特别提示： 截至目前，维信诺科技股份有限公司（以下简称"公司"）及控股公司对外担 保总额（含对合并报表范围内子公司担保）已超过公司最近一期经审计净资产的 100%，担保金额超过公司最近一期经审计净资产的 50%，公司对合并报表外单 位担保金额超过最近一期经审计净资产的 30%，本次担保的被担保对象昆山工研 院新型平板显示技术中心有限公司资产负债率超过 70%，敬请广大投资者注意投 资风险。 一、担保情况概述 公司分别于 2025 年 3 月 20 日和 2025 年 4 月 10 日召开第七届董事会第十七 次会议和 2024 年度股东大会，审议通过了《关于 2025 年度为公司及子公司提供 担保额度预计的议案》，同意公司 2025 年度为控股子公司云谷（固安）科技有 限公司、全资孙公司昆山国显光电有限公司（以下简称"国显光电"）、全资公 司昆山工研院新型平板显示技术中心有限公司（以下简称"昆山工研院"）、全 资公司江苏汇显显示技术有限公司和公司 ...

证券代码：002387 证券简称：维信诺 公告编号：2025-087 维信诺科技股份有限公司 关于全资孙公司为上市公司提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚 假记载、误导性陈述或者重大遗漏。 特别提示： 截至目前，维信诺科技股份有限公司（以下简称"公司"）及控股公司对外担 保总额（含对合并报表范围内子公司担保）已超过公司最近一期经审计净资产的 100%，担保金额超过公司最近一期经审计净资产的50%，公司对合并报表外单 位担保金额超过最近一期经审计净资产的30%，敬请广大投资者注意投资风险。 一、担保情况概述 本次担保事项在公司第七届董事会第十七次会议和 2024 年度股东大会审议通过 的担保额度范围内，无需再次提交公司董事会或股东大会审议。 公司未被列为失信被执行人，其经营、财务及资信状况良好。本次担保前控 股子公司对公司的担保余额为 20.80 亿元，本次担保后控股子公司对公司的担保 余额为 31.78 亿元（其中占用 2025 年担保额度预计的余额为 31.78 亿元），本次 担保后公司 2025 年度可用担保额度剩余 20.22 亿元。 三、被担保人的基本情况 ...

Company Overview - VisiNova Technology Co., Ltd. is located in Haidian District, Beijing, and was established on January 7, 1998. The company was listed on April 13, 2010. Its main business involves the research, production, sales, and technical services of AMOLED new display products, with 96.92% of its revenue coming from OLED products and 3.08% from other products or services [1]. Stock Performance - As of September 5, VisiNova's stock price increased by 2.06% to 9.93 CNY per share, with a total market capitalization of 13.87 billion CNY. The stock has seen a year-to-date decline of 3.40%, a 4.34% drop over the last five trading days, a 5.08% increase over the last 20 days, and a 12.08% increase over the last 60 days [1]. - The company has appeared on the trading leaderboard twice this year, with the most recent occurrence on March 20, where it recorded a net buy of 4.76 million CNY [1]. Financial Performance - For the first half of 2025, VisiNova reported a revenue of 4.12 billion CNY, representing a year-on-year growth of 4.79%. However, the net profit attributable to shareholders was -1.06 billion CNY, which is a year-on-year increase of 9.74% [2]. Shareholder Information - As of August 20, VisiNova had 67,900 shareholders, an increase of 9.20% from the previous period. The average number of tradable shares per shareholder decreased by 8.43% to 20,545 shares [2]. - The company has distributed a total of 53.24 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the ninth largest circulating shareholder, holding 8.23 million shares, an increase of 173,500 shares from the previous period [3].

Core Insights - The Chinese display industry has significantly risen, with domestic manufacturers capturing a substantial share of the global television shipment market and leading in advanced technologies like OLED and Micro-LED [1][8] - The price of large-screen televisions has dramatically decreased, with a 50% drop in the price of 75-inch TVs over the past two years, driven by technological advancements and cost reductions [5][6] Industry Development - The rise of the Chinese display industry is supported by precise government policies and collaborative efforts across the industry chain, with key materials and new display devices being prioritized at the national level [2][4] - Major companies like BOE Technology Group and TCL Huaxing have made significant investments in domestic production lines, overcoming technological barriers and market skepticism [3][4] Technological Advancements - The introduction of Mini-LED technology has improved display quality and facilitated the proliferation of large-screen products, making high-quality, cost-effective large TVs possible [7] - Companies are utilizing advanced cutting techniques on 10.5-generation lines to reduce costs and improve production efficiency for larger panels [7] Market Trends - The demand for large-screen TVs is driven by consumer preferences for immersive experiences and enterprise needs for large interactive displays in various sectors [7][8] - The display industry is evolving towards multiple technology pathways, with a focus on OLED and Micro-LED technologies to maintain competitiveness in the global market [8][9] Future Outlook - The Chinese display industry is poised to continue its growth trajectory, with ongoing investments in innovation and technology to capture higher value in the global supply chain [9]

Core Insights - The global display panel revenue for the first half of 2025 is approximately $56.2 billion, showing a year-on-year decline of 4.2% but a quarter-on-quarter increase of 5.8% [1] - Chinese mainland panel manufacturers achieved a revenue of about $29.3 billion, capturing 52.1% of the global market share, marking a year-on-year increase of 3.3 percentage points [1] - Korean panel manufacturers' revenue share decreased to 30%, down 3.2 percentage points year-on-year, while Taiwanese manufacturers increased their share to 13.2%, up 0.6 percentage points [1] Regional Revenue Changes - In the first half of 2025, Chinese mainland panel manufacturers saw a year-on-year revenue growth of approximately 7%, while Taiwanese manufacturers grew by 4.4% [2] - Korean panel manufacturers experienced a significant decline of 9.5%, and Japanese manufacturers faced a 16.7% drop in revenue [2] - Compared to 2020, the global revenue share of Chinese mainland panel manufacturers increased by 18.6 percentage points, while Taiwanese, Korean, and Japanese manufacturers saw declines of 2.3, 10.3, and approximately 6 percentage points, respectively [2] Company Rankings - BOE maintained its position as the world's top panel manufacturer in the first half of 2025, with TCL's CSOT showing significant revenue growth, narrowing the gap with Samsung Display and LG Display [4] - AUO, Innolux, Tianma, and HKC are in the third tier, each exceeding $2 billion in revenue [4] Profitability Analysis - In the first half of 2025, seven publicly listed panel companies achieved profitability, an increase from the previous year, with AUO and Tianma joining the profitable ranks [7] - Samsung Display remains the leader in operating profit, but its advantage has significantly decreased; TCL and BOE are closely following, with operating profits around $600 million [7] - The largest operating losses were reported by Visionox, JDI, and EDO, each exceeding $100 million, while LG Display showed significant improvement in reducing its losses [7] Industry Trends - The display industry is transitioning from "scale expansion" to "value reconstruction," with Chinese mainland manufacturers leveraging capacity advantages and technological breakthroughs to enhance competitiveness [9] - Korean manufacturers face challenges in maintaining high-end positions and controlling costs [9] - The second half of 2025 is expected to see structural growth in the Chinese mainland display panel market, driven by the increasing demand for large-sized displays and high-value products like Mini LED and OLED [9]

Group 1 - The company has approved a share repurchase plan using its own and raised funds, with a total amount between RMB 50 million and RMB 100 million, and a maximum repurchase price of RMB 14.80 per share [2] - The repurchase plan is intended for future implementation of equity incentive plans or employee stock ownership plans [2] - As of August 31, 2025, the company has not yet implemented the share repurchase [3] Group 2 - The company will implement the repurchase plan based on market conditions within the specified timeframe and will fulfill its information disclosure obligations as per relevant regulations [4]

股份回购实施进展 依据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第9号——回购股份》等相关 规定，公司需在每个月的前三个交易日内，披露截至上月末的回购进展情况。截至2025年8月31日，公 司暂未实施本次股份回购。 登录新浪财经APP 搜索【信披】查看更多考评等级 后续计划说明 维信诺科技股份有限公司于2025年4月29日召开的第七届董事会第十八次会议，审议通过《关于回购公 司股份方案的议案》。公司计划使用自有资金与自筹资金，通过深圳证券交易所交易系统，以集中竞价 交易方式回购部分已发行的人民币普通股（A股）。 此次回购股份将用于未来实施股权激励计划或员工持股计划。用于回购股份的总金额设定在不低于人民 币0.5亿元（含）且不超过人民币1亿元（含）的区间，回购价格上限为人民币14.80元/股（含）。具体 回购股份数量，将以公司公告回购方案实施完毕之日的实际回购数量为准，回购期限自董事会审议通过 回购股份方案之日起12个月内。相关详细内容，已于2025年4月30日在《证券时报》《证券日报》《中 国证券报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn）披露的《关于回购股份方案的公 ...

维信诺科技股份有限公司董事会 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚 假记载、误导性陈述或者重大遗漏。 维信诺科技股份有限公司（以下简称"公司"）于2025年4月29日召开的第 七届董事会第十八次会议审议通过了《关于回购公司股份方案的议案》，同意 公司使用自有资金和自筹资金通过深圳证券交易所交易系统以集中竞价交易方 式回购公司部分已发行的人民币普通股（A 股），用于未来实施股权激励计划 或员工持股计划，本次用于回购股份的总金额不低于人民币0.5亿元（含）且不 超过人民币1亿元（含），回购价格不超过人民币14.80元/股（含），具体回购股 份的数量以公司公告回购方案实施完毕之日的实际回购股份数量为准，回购期限 自董事会审议通过回购股份方案之日起12个月内。具体内容详见公司于2025年4 月30日在《证券时报》《证券日报》《中国证券报》《上海证券报》和巨潮资讯 网（www.cninfo.com.cn）披露的《关于回购股份方案的公告》（公告编号：2025-048）。 一、股份回购实施进展 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引 第9号——回购股份》等有关规定，公司应 ...

Company Overview - Visionox is a leading innovative supplier of new display solutions, focusing on the research, production, and sales of AMOLED displays for various applications including smartphones, wearables, and automotive displays [2][3] - The company maintains strong partnerships with major brands such as Honor, Xiaomi, OPPO, and Google, ensuring a robust market presence [2] Market Trends - The global AMOLED market is experiencing rapid growth, with a projected shipment of over 750 million smartphone AMOLED panels in 2025, representing a penetration rate of over 60% in the smartphone market [2] - The compound annual growth rate (CAGR) for IT product AMOLED panel shipments is expected to reach 26.5% by 2030, while automotive display AMOLED panel shipments are projected to grow at a CAGR of 30.6% [3] Financial Performance - In the first half of 2025, Visionox achieved a revenue of 4.121 billion yuan, marking a year-on-year growth of 4.79% [3] Product Development - The company is actively developing technologies for foldable smartphones, aiming to transition foldable screens from niche products to mainstream options [4] - Visionox has made significant advancements in localizing its supply chain, achieving a substantial increase in local sourcing rates [5] Technological Innovations - The company has introduced solid-state laser annealing (SLA) technology, which addresses long-standing industry challenges and improves display uniformity while reducing production costs [5] - Visionox's ViP technology features a high aperture ratio of 69%, enhancing brightness and lifespan, and enabling innovative applications such as transparent displays [6] Production Capacity - Visionox is investing in high-generation AMOLED production lines, with the first line expected to commence operations in September 2024, targeting the mid-to-large size market [6]

Core Viewpoint - The financial performance and trading activity of Visionox Technology Co., Ltd. indicate a low level of financing and short selling, alongside a slight increase in shareholder numbers and a decline in average shares held per shareholder [1][2]. Group 1: Financial Performance - For the first half of 2025, Visionox reported operating revenue of 4.121 billion, representing a year-on-year growth of 4.79% [2]. - The company recorded a net profit attributable to shareholders of -1.062 billion, which is a year-on-year improvement of 9.74% [2]. - Cumulative cash dividends since the A-share listing amount to 53.2384 million, with no dividends paid in the last three years [2]. Group 2: Trading Activity - On August 29, Visionox's stock price fell by 1.05%, with a trading volume of 194 million [1]. - The financing buy-in amount for Visionox on the same day was 14.4774 million, while the financing repayment was 16.0887 million, resulting in a net financing outflow of -1.6113 million [1]. - The total financing and securities lending balance for Visionox as of August 29 was 303 million, which is 2.09% of the circulating market value and below the 30th percentile level over the past year [1]. Group 3: Shareholder Information - As of August 20, the number of shareholders for Visionox increased to 67,900, up by 9.20% from the previous period [2]. - The average number of circulating shares held per shareholder decreased to 20,545, down by 8.43% [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited was the ninth largest circulating shareholder, holding 8.2311 million shares, an increase of 173,500 shares from the previous period [2].