“合肥系”国资出手 投入超29亿元现金 要拿下显示屏巨头控制权！

Core Viewpoint - The company, Visionox, is planning to issue A-shares to a specific entity, which will result in a change of its controlling shareholder to Hefei Jianshu Investment Co., Ltd., and the actual controller will become the Hefei Shushan District People's Government [2][3]. Group 1: Share Issuance and Ownership Changes - Visionox intends to issue 419 million shares at a price of 7.01 yuan per share, raising a total of no more than 2.937 billion yuan, which will increase Hefei Jianshu's shareholding from 11.45% to 31.89% [3]. - Hefei Jianshu has been involved with Visionox since 2018, initially investing in the company and later acquiring a significant stake through agreements with other shareholders [3]. Group 2: Company Background and Business Focus - Visionox was established in 2001, evolving from a Tsinghua University OLED project group founded in 1996, and it went public in 2018 by reverse merging with Heiniu Food [3]. - The company specializes in the research, production, and sales of OLED small and medium-sized display devices, as well as Micro-LED displays [3]. Group 3: Market Position and Performance - According to CINNOResearch, Visionox holds an 11.2% share of the global smartphone AMOLED panel market, ranking third globally and second domestically [6]. - In the smart wearable AMOLED panel market, Visionox leads globally with a 27% shipment share [6]. Group 4: Financial Performance - Visionox reported revenues of 7.477 billion yuan, 5.926 billion yuan, and 7.929 billion yuan for the years 2022, 2023, and 2024, respectively, with net losses of -2.066 billion yuan, -3.726 billion yuan, and -2.505 billion yuan [7]. - For the first three quarters of 2025, the company achieved a revenue of 6.051 billion yuan, a year-on-year increase of 3.5%, while the net loss was -1.623 billion yuan, improving by 9.67% compared to the previous year [7][8]. - Despite ongoing losses, Visionox is investing in a new production line with a total investment of 55 billion yuan, in collaboration with the Hefei municipal government [8]. Group 5: Market Capitalization - As of October 31, prior to suspension, Visionox's stock price was 8.47 yuan per share, with a market capitalization of approximately 11.83 billion yuan [10].