Core Viewpoint - The company, Visionox (002387), announced plans to issue A-shares to specific investors, which may lead to a change in control of the company. The specific plan is still under discussion and requires further verification [2]. Group 1: Company Announcement - Visionox has applied for a trading suspension of its stock starting Monday, with an expected duration of no more than two trading days due to the uncertainty surrounding the share issuance [2]. - During the suspension, the company will adhere to legal and regulatory requirements for timely information disclosure based on the progress of the matter [2]. - Once the details of the share issuance are confirmed, the company will promptly release relevant announcements and apply for the resumption of trading [2]. Group 2: Business Focus - Visionox specializes in new display technologies, focusing on the research, production, and sales of OLED small and medium-sized display devices, as well as Micro-LED displays [2]. - The application areas for Visionox's products include smartphones, smart wearables, tablets, laptops, automotive displays, and large-size displays, with ongoing expansion into smart home, industrial control medical, and innovative commercial sectors [2].

Group 1 - Two A-share companies, Changcheng Technology and Visionox, have suspended trading due to planned changes in control [1][6] - Changcheng Technology's actual controllers are planning a share transfer that may lead to a change in control, with trading suspended from November 3, 2025, for up to two trading days [1][3] - Visionox is also planning a change in control and has suspended trading under similar circumstances, with the same expected duration of suspension [6][9] Group 2 - Changcheng Technology reported a slight decline in revenue for the first three quarters of the year, with total revenue of 9.443 billion yuan, down 0.68% year-on-year, while net profit increased by 13.8% to 214.93 million yuan [3][4] - Visionox achieved revenue of 6.051 billion yuan in the first three quarters, reflecting a year-on-year growth of 3.5%, but reported a net loss of 1.623 billion yuan [9][10] - The financial performance of both companies indicates differing trends, with Changcheng Technology showing profit growth despite a revenue decline, while Visionox continues to face significant losses [4][10]

Group 1 - The company, Visionox (002387.SZ), is planning to issue A-shares to specific investors, which may lead to a change in control of the company. The specific plan is still under further verification and negotiation [1] - The company has applied to the Shenzhen Stock Exchange for a trading suspension, effective from November 3, 2025, with an expected suspension period of no more than 2 trading days [1]

Core Points - The company, Visionox (002387.SZ), announced plans to issue A-shares to specific investors, which may lead to a change in control of the company [1] - The specific plan for the share issuance is still under further evaluation and negotiation [1] - The company has applied for a trading suspension of its stock starting from November 3, 2025, with an expected suspension period of no more than two trading days [1]

Group 1 - The company Visionox (002387.SZ) announced that it is planning to issue A-shares to specific investors, which may lead to a change in control of the company. The specific plan still requires further verification and negotiation [1] - The company has applied to the Shenzhen Stock Exchange for a trading suspension, effective from November 3, 2025, with an expected suspension period of no more than 2 trading days [1]

Group 1 - The company, Visionox, announced on November 3 that it is planning to issue A-shares to specific investors, which may lead to a change in control of the company [1] - The specific plan for the share issuance is still under further discussion and verification [1] - Due to the significant uncertainty surrounding this matter, the company has applied for a trading suspension of its stock starting from November 3, 2025, with an expected suspension period of no more than 2 trading days [1]

Group 1 - Company Weixinno is planning to issue A-shares to specific investors, which may lead to a change in control of the company; the specific plan is still under further verification and negotiation [1] - The company's stock has been suspended from trading since November 3, with an expected suspension period of no more than 2 trading days [1] Group 2 - Company Shenyu has received approval from the China Securities Regulatory Commission for its application to issue convertible bonds to unspecified investors [1]

Group 1 - Company Weixinno is planning to issue A-shares to specific targets, which may lead to a change in control of the company. The specific plan is still under further verification and negotiation [1] - The company's stock has been suspended from trading since November 3, with the suspension expected to last no more than two trading days [1] Group 2 - Company Shenyu Co., Ltd. has received approval from the China Securities Regulatory Commission for its application to issue convertible bonds to unspecified targets [1]

鉴于上述事项尚存在重大不确定性，为保证公平信息披露，维护投资者利益， 避免造成公司股价异常波动，根据《深圳证券交易所股票上市规则》《深圳证券 交易所上市公司自律监管指引第 6 号——停复牌》等有关规定，经公司向深圳证 券交易所申请，公司股票（股票简称：维信诺，股票代码：002387）自 2025 年 11 月 3 日（星期一）开市起停牌，预计停牌时间不超过 2 个交易日。 停牌期间，公司将根据上述事项进展情况，严格按照有关法律、法规的规定 及时履行信息披露义务。待上述事项确定后，公司将及时发布相关公告并申请公 司股票复牌。 证券代码：002387 证券简称：维信诺 公告编号：2025-119 维信诺科技股份有限公司 关于筹划公司控制权变更事项的停牌公告 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： 1. 公司股票自 2025 年 11 月 3 日（星期一）开市起停牌，预计停牌时间不 超过 2 个交易日； 2. 公司控制权变更事项目前处于筹划阶段，尚存在重大不确定性，敬请广 大投资者注意投资风险。 维信诺科技股份有限公司（以下简称"公司"）正在筹划 ...

Core Insights - The global display panel industry is shifting its competitive focus towards medium-sized OLED panels, with significant investments from major players like TCL, BOE, and Visionox [1][9] Group 1: Industry Developments - TCL's T8 project, the world's first large-scale production line for 8.6-generation printed OLED, has commenced in Guangzhou with a total investment of 29.5 billion yuan and a designed monthly capacity of 22,500 glass substrates [1][5] - The combined investment in 8.6-generation OLED production lines by Samsung Display, BOE, Visionox, and TCL has reached nearly 170 billion yuan, indicating a collective push in the medium-sized OLED market [6][9] Group 2: Technological Advancements - The T8 project is expected to provide over 15% cost advantage compared to other OLED technologies due to its high material utilization rate of 90% and elimination of expensive vacuum processes [4][5] - The T8 line will integrate AI and smart manufacturing technologies, enhancing production efficiency and reducing defect rates significantly [5][10] Group 3: Market Trends - The medium-sized OLED market is projected to experience substantial growth, with compound annual growth rates of 33% for laptop OLED panels and 27% for automotive displays by 2030 [7][9] - The penetration rate of OLED in medium-sized applications is expected to rise sharply, driven by new product launches from major brands like Apple and Samsung [7][8] Group 4: Competitive Landscape - BOE and Visionox are also advancing their own 8.6-generation OLED projects, with BOE investing 63 billion yuan and Visionox focusing on its proprietary ViP technology [6][9] - The collective efforts of these companies are reshaping the global competitive landscape, moving China from a "follower" to a "leader" in the medium-sized OLED sector [1][9] Group 5: Future Outlook - The medium-sized OLED industry is expected to undergo significant transformations, with a focus on quality improvement and technological innovation over mere scale expansion [11] - The T8 project is anticipated to play a crucial role in establishing a complete domestic supply chain, enhancing the localization of materials and equipment [10][11]