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]

北京商报讯（记者 马换换 李佳雪）11月3日早间，深交所官网显示，维信诺（002387）拟筹划控制权变 更事项，公司股票于11月3日开市起临时停牌，待公司通过指定媒体披露相关公告后复牌。 ...

维信诺科技股份有限公司拟筹划控制权变更事项，根据深圳证券交易所《股票上市规则》和《上市公司 自律监管指引第6号——停复牌》的有关规定，经公司申请，公司股票(证券简称：维信诺，证券代码： 002387)于2025年11月3日开市起临时停牌，待公司通过指定媒体披露相关公告后复牌，敬请投资者密切 关注。 中国经济网北京11月3日讯深圳证券交易所今日发布关于维信诺（002387）科技股份有限公司股票临时 停牌的公告。 ...

人民财讯11月3日电，深交所公告，维信诺科技股份有限公司拟筹划控制权变更事项，经公司申请，公 司股票（证券简称：维信诺，证券代码：002387）于2025年11月3日开市起临时停牌，待公司通过指定 媒体披露相关公告后复牌，敬请投资者密切关注。 转自：证券时报 ...

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][5][7] Group 1: TCL Huaxing's T8 Project - TCL Huaxing's T8 project, the world's first large-scale production line for 8.6-generation printed OLED, has commenced construction in Guangzhou with a total investment of 29.5 billion yuan and a designed monthly capacity of 22,500 glass substrates [1][2] - The T8 project is expected to achieve mass production by the second half of 2027, with the first consumer electronic products set to ship in the first half of 2026, targeting medium-sized applications such as monitors and laptops [3][4] - The T8 project will integrate AI and smart manufacturing technologies, aiming for a 50% localization rate for equipment and significant energy savings compared to traditional methods [3][8] Group 2: Competitive Landscape - BOE and Visionox have also initiated their own 8.6-generation OLED projects, creating a competitive environment among the three companies [4][6] - BOE has invested 63 billion yuan in its project, which is set to begin mass production in the fourth quarter of 2026, focusing on the reliability of its technology [4][5] - Visionox is pursuing its proprietary ViP technology, which combines the advantages of both traditional and printed OLED methods [4][5] Group 3: Market Dynamics - The medium-sized OLED market is projected to experience significant growth, with compound annual growth rates of 33% for laptop OLED panels and 27% for automotive displays by 2030 [5][7] - The shift from LCD to OLED in high-end IT products, such as Apple's iPad Pro, is expected to drive demand for medium-sized OLED panels [7][9] - The collective efforts of TCL, BOE, and Visionox are seen as a strategic move to break the overseas monopoly in the mid-to-high-end display market, with a focus on technological innovation and supply chain independence [7][9]

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][5][7] Group 1: TCL Huaxing's T8 Project - TCL Huaxing's T8 project, the world's first large-scale production line for 8.6-generation printed OLED, has commenced construction in Guangzhou with a total investment of 29.5 billion yuan and a designed monthly capacity of 22,500 glass substrates [1][2] - The T8 project is seen as a critical breakthrough for China's display industry, marking a transition from a "follower" to a "leader" in the medium-sized OLED sector, with expected cost advantages of over 15% compared to other OLED technologies [2][3] - The T8 project aims to integrate AI and smart manufacturing technologies, significantly enhancing production efficiency and reducing defect rates [3][8] Group 2: Competitive Landscape - BOE and Visionox have also initiated their own 8.6-generation OLED projects, creating a competitive environment among the three companies [4][6] - BOE has invested 63 billion yuan in its project, which is set to begin mass production in Q4 2026, focusing on ensuring product stability and technological upgrades [4][5] - Visionox is pursuing its proprietary ViP technology, which combines the advantages of both evaporation and printing methods, targeting the medium to large-sized market [4][5] Group 3: Market Dynamics - The medium-sized OLED market is projected to experience significant growth, with compound annual growth rates of 33% for laptop OLED panels and 27% for automotive displays by 2030 [5][7] - The shift from LCD to OLED in high-end IT products, such as Apple's iPad Pro, is expected to drive demand for medium-sized OLED panels [7][8] - The collective efforts of TCL, BOE, and Visionox are reshaping the global competitive landscape, breaking the long-standing dominance of companies like Samsung and LGD in the high-end display market [7][9] Group 4: Future Outlook - The Chinese medium-sized OLED industry is poised for a collective breakthrough, with a focus on technological innovation and supply chain collaboration [9] - The next 3 to 5 years are expected to see a diversification of production routes and a convergence of production rhythms, with multiple lines entering mass production [9]

Core Viewpoint - The company reported stable performance in Q3 2025, with a slight increase in revenue and a reduction in losses compared to the previous year [1][2]. Financial Performance - Q3 revenue reached approximately 1.93 billion yuan, a year-on-year increase of 0.85% [2]. - Cumulative revenue for the first three quarters was 6.05 billion yuan, reflecting a year-on-year growth of 3.50% [2]. - The net profit attributable to shareholders showed a reduced loss of approximately 561 million yuan, a decrease of 9.55% compared to the previous year [2]. - The net profit after deducting non-recurring gains and losses was a loss of about 579 million yuan, down 11.61% year-on-year [2]. - The net cash flow from operating activities improved significantly, increasing by 311.06% to 2.41 billion yuan, attributed to higher sales receipts and reduced cash payments for goods and services [2]. Industry Trends - The demand for OLED panels is improving, driven by the recovery in the consumer electronics sector, particularly in smartphones and smart wearables [3]. - The construction of the world's first high-generation AMOLED production line utilizing the FMM-free technology (ViP) has been completed [3]. - The company's affiliated enterprise, Chenxian Optoelectronics, achieved multiple results in Micro LED business and launched several new Micro LED products [3].

Group 1 - The core viewpoint of the article indicates that the average operating rate of OLED panel production lines in mainland China is expected to increase to 80% in Q4 2025, representing a 2 percentage point increase compared to the previous quarter [2][3]. Group 2 - The article provides a list of the latest production capacities of OLED panel production lines in China [3]. - It includes statistics on the average operating rates of OLED production lines in mainland China for Q3 2025 [3]. - The article details the operating rates for rigid and flexible OLED panel production lines in Q3 2025 [3]. - It presents the market share statistics of various OLED manufacturers in Q3 2025 [3]. - Specific operating rate statistics for BOE, Visionox, Tianma, CSOT, EDO, and Huayi OLED panel production lines in Q3 2025 are included [3]. - The article concludes with a forecast for the operating rates of OLED panel manufacturers in mainland China for Q4 2025 [2][3].

Core Viewpoint - The stock price of Visionox has experienced a decline of 17.32% year-to-date, with recent trading showing a slight recovery, but overall performance remains weak in the context of the AMOLED display market [2] Group 1: Stock Performance - As of October 31, Visionox's stock rose by 2.04% to 8.50 CNY per share, with a total market capitalization of 11.873 billion CNY [1] - Year-to-date, Visionox's stock has decreased by 17.32%, with a 3.74% drop over the last five trading days and a 12.10% drop over the last 20 days [2] - The company has appeared on the trading leaderboard twice this year, with the most recent instance on March 20, where it recorded a net buy of 4.7595 million CNY [2] Group 2: Financial Performance - For the period from January to September 2025, Visionox reported a revenue of 6.051 billion CNY, reflecting a year-on-year growth of 3.50%, while the net profit attributable to shareholders was -1.623 billion CNY, showing a year-on-year improvement of 9.67% [2] - Visionox has cumulatively distributed 53.2384 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3] Group 3: Shareholder Information - As of October 20, 2025, the number of shareholders for Visionox was 62,600, an increase of 0.66% from the previous period, with an average of 22,298 circulating shares per shareholder, a decrease of 0.65% [2] - The eighth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 11.0486 million shares, which is an increase of 2.8175 million shares from the previous period [3] Group 4: Business Overview - Visionox, established on January 7, 1998, and listed on April 13, 2010, specializes in the research, production, sales, and technical services of AMOLED display products, with 96.92% of its revenue coming from OLED products [2]

证券代码：002387 证券简称：维信诺 公告编号：2025-112 维信诺科技股份有限公司 关于修订《公司章程》及修订公司部分治理制度的公告 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。 维信诺科技股份有限公司（以下简称"公司"）于2025年10月30日召开第 七届董事会第二十七次会议和第七届监事会第二十三次会议，审议通过了《关于 修订<公司章程>的议案》和《关于修订公司部分治理制度的议案》，根据最新监 管法规体系并结合公司实际情况，公司拟取消监事会、修订《公司章程》及修订 公司相关治理制度，现将具体情况公告如下： 一、关于取消监事会的情况 为全面贯彻落实法律法规要求，根据《中华人民共和国公司法》（以下简称 "公司法"）、《关于新〈公司法〉配套制度规则实施相关过渡期安排》《上市 公司章程指引》等相关法律、法规和规范性文件的相关规定，结合公司实际情况， 公司拟不再设置监事会，监事会的职权由董事会审计委员会行使，同时，公司《监 事会议事规则》相应废止，公司各项规章制度中涉及监事会、监事的规定不再适 用。公司将根据《公司法》《深圳证券交易所股票上市规则》《上市公 ...