Micro OLED企业视涯科技IPO即将上会

Core Viewpoint - The article discusses the IPO progress of Visionary Technology, a company specializing in silicon-based OLED microdisplay chips, which is entering a critical phase of its listing review process on the STAR Market [1]. Group 1: IPO Process - The Shanghai Stock Exchange announced that the listing review committee will hold its 67th meeting on December 24, 2025, to review Visionary Technology's IPO application [1]. - Visionary Technology signed a counseling agreement with Haitong Securities in October last year to officially start the IPO process [4]. Group 2: Fundraising and Use of Proceeds - Visionary Technology plans to raise 2.015 billion yuan through the IPO, with 1.6 billion yuan allocated for the expansion of ultra-high-resolution silicon-based OLED microdisplay production lines and 400 million yuan for the construction of a research and development center [4]. Group 3: Company Overview and Market Position - If approved, Visionary Technology will become the first A-share company focused on microdisplay chips and optical solutions [4]. - Established in 2016, Visionary Technology specializes in silicon-based OLED microdisplays and supporting optical modules, currently operating a 12-inch deposition production line with a monthly capacity of 9,000 wafers [4]. - The company plans to expand its production capacity to three lines, increasing monthly output to 27,000 wafers, aiming to become the world's largest manufacturer of silicon-based OLED microdisplay components [4]. Group 4: Product Applications and Financial Performance - Visionary Technology's products are already being used in AR/VR glasses from brands like DJI, Xiaomi, XREAL, and Thunderbird, and have also entered traditional fields such as medical endoscopes, night vision devices, and electronic viewfinders [4]. - The projected shipment volume of silicon-based OLED microdisplay products for 2024 is approximately 1.27 million units [4]. - Due to high investments in production line construction and R&D, Visionary Technology is currently operating at a loss, with revenues of 190 million yuan, 215 million yuan, and 280 million yuan for 2022, 2023, and 2024 respectively, and corresponding net losses of -247 million yuan, -304 million yuan, and -247 million yuan, although the loss margin is narrowing as yield rates improve and orders increase [4].