面板龙头维信诺复牌“一字”涨停，合肥国资拟29亿入主

Group 1 - The core point of the news is that Visionox plans to issue A-shares to Hefei Jianshu, which will increase Hefei Jianshu's stake to 31.89%, making it the controlling shareholder of Visionox, with the local government becoming the actual controller [2][3] - Hefei Jianshu's total subscription amount will not exceed RMB 29.37 billion, and the number of shares to be subscribed will not exceed 419 million, accounting for no more than 30% of the total share capital before the issuance [2] - The net proceeds from the fundraising will be used entirely to supplement working capital and repay company debts, addressing the company's financial needs amid ongoing losses [3] Group 2 - Visionox has reported continuous losses from 2021 to 2024, with net losses of RMB 15.20 billion, 20.66 billion, 37.26 billion, and 25.05 billion respectively, totaling over RMB 114 billion in cumulative losses over the past five years [3] - The company specializes in the research, production, and sales of OLED and Micro-LED display devices, with applications in smartphones, wearables, tablets, laptops, and automotive displays [3] - According to CINNOResearch, Visionox holds an 11.2% market share in the global smartphone AMOLED panel market, ranking third globally and second domestically, while leading the smart wearable AMOLED panel market with a 27% shipment share [4]