Visionox(SZ:002387) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-09 23:36Core Viewpoint - The company Visionox (002387) plans to issue 419 million shares to Hefei Jianshu at a price of 7.01 CNY per share, raising up to 2.937 billion CNY to supplement working capital and repay debts. This will result in Hefei Jianshu holding 31.89% of the company, changing its controlling shareholder and actual controller to Hefei Shushan District People's Government [1][3]. Group 1: Company Actions - The issuance of shares is a continuation of Hefei Jianshu's investment in Visionox, which began in 2021 when it acquired 160 million shares for 1.76 billion CNY at 11 CNY per share, representing 11.7% of the company [3]. - The company emphasizes that this capital operation reflects the strong support and confidence of its shareholder in the business and future prospects [3]. Group 2: Company Background - Visionox, established in 2001, specializes in the research, production, and sales of OLED display devices and has over 20 years of experience in the OLED industry [4]. - According to CINNO Research, Visionox is projected to hold an 11.2% share of the global smartphone AMOLED panel market in 2024, ranking third globally and second domestically [4]. - In the smart wearable AMOLED panel market, Visionox is expected to lead globally with a 27% shipment share in 2024 [4]. Group 3: Financial Performance - For the first three quarters of 2025, Visionox reported revenues of approximately 6.051 billion CNY, a year-on-year increase of 3.5%, but incurred a net loss of approximately 1.623 billion CNY, although the loss has narrowed compared to previous periods [5]. - Prior to the suspension of trading, the company's stock price was 8.47 CNY per share, with a total market capitalization of 11.831 billion CNY [5].