维信诺科技股份有限公司 关于为控股子公司提供担保的进展公告 证券代码：002387 证券简称：维信诺 公告编号：2025-144 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 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（以下简称"固安云谷"）、控股孙公司昆山国显光电有限公司、全资公 司昆山工研院新型平板显示技术中心有限公司、全资公司江苏汇显显示技术有限 公司和公司提供总额度不超过人民币 226.2 亿元的担保。担保 ...

Investment Rating - The report assigns a "Buy-A" investment rating for the company, with a target price of 10.64 RMB for the next six months [4][6][12]. Core Insights - The company is demonstrating confidence in its future development by initiating a share buyback program, with a total amount between 50 million RMB and 100 million RMB, and a maximum repurchase price of 14.80 RMB per share [2][3]. - The company plans to issue shares to a specific investor, Hefei Jianshu, at a price of 7.01 RMB per share, which could increase Hefei Jianshu's stake to 31.89%, making it the controlling shareholder [3][12]. - The company is focusing on enhancing its competitive edge in the AMOLED industry by increasing investment and improving technology reserves, aiming for high-end product development [3][12]. Financial Projections - Revenue projections for 2025 to 2027 are 82.62 billion RMB, 87.57 billion RMB, and 92.83 billion RMB, respectively, with net losses of 20.06 billion RMB, 19.53 billion RMB, and 18.44 billion RMB during the same period [4][11]. - The company is expected to maintain a revenue growth rate of 4.2% in 2025, followed by 6% in 2026 and 2027 [11][15]. - The company's main products are OLED panels and modules, with a projected global market share of 11.2% in the smartphone AMOLED panel market, ranking third globally and second domestically [12][15]. Market Position - The company is positioned as a leading player in the domestic OLED panel industry, with significant market share potential compared to international competitors [12][15]. - The report highlights the competitive landscape of the AMOLED industry, emphasizing the need for the company to strengthen its market position through strategic investments [3][12].

Core Insights - The electronic paper industry is experiencing significant growth, transitioning from niche applications to becoming a core component in IoT display terminals, driven by increasing demand in retail and other sectors [1][2] - The A-share electronic paper index saw a daily increase of 3.36% on November 25, and a year-to-date increase of 56.58% as of November 28 [1] - Major manufacturers are consolidating their market positions, with the top five companies expected to hold approximately 86% of the global market share by 2024 [2][8] Industry Trends - The "dual carbon" goals in China are providing implicit support for low-power electronic products, creating long-term certainty for electronic paper companies [2] - The demand for electronic price tags and other applications is accelerating, with the industry entering a phase of synchronized acceleration in technology, market, and application [2][7] - The electronic paper technology has advanced with breakthroughs in color and flexibility, expanding applications from black-and-white static displays to full-color dynamic displays [5][6] Market Dynamics - The global electronic paper market is projected to exceed $14.2 billion, with significant growth expected in the e-book segment, which is anticipated to reach 18.8 million units by 2025 [8][9] - The domestic electronic paper industry has formed a complete layout, with strong downstream demand driving the expansion of upstream materials and midstream module production capacity [7] - The industry is characterized by a high growth rate and low base, with a compound annual growth rate of over 20% expected for global electronic paper terminals [9][10] Competitive Landscape - Major players in the electronic paper market include E Ink Holdings, HeLiTai, and Yasi Optoelectronics, with E Ink holding over 90% of the electronic ink film market [5][6] - The domestic market is seeing increased competition, with companies like Hanwang Technology and others capturing significant market shares [6][7] - The industry is facing challenges in scaling up production and reducing costs, particularly in high-end color electronic paper, which still relies on imported core materials [10]

Core Viewpoint - The company is actively progressing with the issuance of A-shares to specific investors and is seeking a new policy financial tool worth 3.918 billion yuan to support its AMOLED production line project [1] Group 1 - The company is in the process of issuing A-shares to specific investors, with further updates to be announced [1] - The company has applied for a new policy financial tool amounting to 3.918 billion yuan to supplement the capital for its 8.6-generation AMOLED production line project [1] - An internal fund monitoring mechanism has been established by the company to prioritize the safety of funds [1]

证券日报网讯12月1日，维信诺（002387）在互动平台回答投资者提问时表示，公司主营业务聚焦于新 型显示，研发、生产和销售AMOLED产品，具体产品供货情况请关注品牌端发布信息。 ...

证券日报网讯 12月1日，维信诺在互动平台回答投资者提问时表示，公司高度重视合规经营，持续强化 内控与风险管理，已建立完善的廉洁机制。公司向特定对象发行A股股票事项正在持续推进中，后续进 展请关注公司公告。 （文章来源：证券日报） ...

格隆汇12月1日丨维信诺(002387.SZ)公布，截至2025年11月30日，公司通过回购专用证券账户以集中竞 价交易方式回购公司股份，累计回购股份数量为1,660,700股，约占公司总股本的0.12%，最高成交价为 9.11元/股，最低成交价为8.75元/股，支付总金额为14,999,460元（不含交易费用）。本次回购符合法律 法规、规范性文件的有关规定及公司回购股份方案的要求。 ...

关于回购股份的进展公告 证券代码：002387 证券简称：维信诺 公告编号：2025-143 维信诺科技股份有限公司 （2）中国证监会和深圳证券交易所规定的其他情形。 2、公司以集中竞价交易方式回购股份符合下列要求： 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 ...

证券日报网讯12月1日，维信诺（002387）在互动平台回答投资者提问时表示，公司AMOLED产品可应 用于智能穿戴、智能手机、平板、笔记本电脑、车载显示、智慧家居等领域，产品具体应用主要依据客 户需求。 ...

证券日报网讯12月1日，维信诺（002387）在互动平台回答投资者提问时表示，公司投资建设的昆山全 球新型显示产业创新中心项目致力于成为国内领先的高配柔性AMOLED技术开发平台，主要开展前沿 显示技术开发、XR及X-ray等产品交付、推进钙钛矿和玻璃载板等泛半导体成果转化业务。 ...