Core Viewpoint - Visionox Technology, a manufacturer of silicon-based OLED microdisplays, has initiated its IPO process on the Sci-Tech Innovation Board, aiming to raise 2.015 billion yuan [1] Group 1: Company Overview - Visionox Technology is a leading global provider of microdisplay solutions, specializing in silicon-based OLED microdisplays and offering value-added services such as strategic product development and optical systems [4] - The company is the first in the world to achieve mass production of silicon-based OLED microdisplays using a 12-inch wafer backplane and possesses comprehensive self-research capabilities across the entire stack of "display chip + microdisplay + optical system" [4] - Visionox plays a crucial role in China's silicon-based OLED industry chain and is recognized as a leading enterprise in the new display industry by the Ministry of Industry and Information Technology [4] Group 2: Market Position and Competition - The silicon-based OLED microdisplay market has been dominated by foreign manufacturers, but its importance is increasing due to rapid growth in downstream applications [4] - In 2024, Visionox is projected to be one of only two companies achieving over one million shipments in the industry, ranking second globally and first domestically with a market share of approximately 35.2% [4] Group 3: Financial Performance - Visionox has not yet achieved profitability, with revenues of 190 million yuan, 215 million yuan, and 280 million yuan from 2022 to 2024, and net losses of 247 million yuan, 304 million yuan, and 247 million yuan during the same period [5] - The company attributes its lack of profitability to rapid industry growth, significant investments in production lines, and the need for substantial R&D expenditures to maintain competitive advantages [5] Group 4: Governance and Fundraising - Visionox has a special voting rights structure, where the controlling shareholder holds 61.79% of the voting rights, allowing for significant control over company management [6] - The IPO aims to raise 2.015 billion yuan for expanding production lines for ultra-high-resolution silicon-based OLED microdisplays and building a research and development center, which will enhance production capacity and technical strength [6] - The company aims to solidify its industry position and promote the development of the entire supply chain in China through the implementation of the fundraising projects [6]

Core Viewpoint - Samsung showcased its advanced RGB OLEDoS screens designed for XR headsets at the AWE USA 2025, featuring a peak brightness of 20,000 nits [1]. Group 1: Product Innovations - The RGB OLEDoS screen measures 1.3 inches with a pixel density of 4200 ppi and utilizes micro-lens array (MLA) technology to enhance brightness and viewing angles [1]. - Samsung also presented a flagship 1.4-inch RGB OLEDoS panel with a pixel density of 5000 ppi and a brightness of 15,000 nits, supporting a variable refresh rate of 120Hz [3]. - A white OLEDoS panel measuring 1.3 inches with a pixel density of 4000 ppi and a brightness of 10,000 nits has already entered mass production, while the RGB OLEDoS panels are planned for mass production next year [5]. Group 2: Future Technologies - Samsung introduced innovative screens such as a 12.4-inch Rollable Flex OLED panel that can fold and roll, suitable for tablet devices [6]. - The Flex S multi-fold OLED panel can be folded multiple times, making it ideal for hybrid devices transitioning from smartphones to tablets [6]. - A stretchable display based on Micro LED technology was also showcased, which could be used for innovative advertising in the future [6].

Core Viewpoint - Samsung showcased advanced RGB OLEDoS screens designed for XR headsets at the AWE USA 2025, featuring peak brightness of up to 20,000 nits [1][2]. Group 1: Product Specifications - The RGB OLEDoS screen measures 1.3 inches with a pixel density of 4200 ppi and utilizes micro-lens array (MLA) technology to enhance brightness and viewing angles [2]. - Samsung also presented a flagship 1.4-inch RGB OLEDoS panel with a pixel density of 5000 ppi and a brightness of 15,000 nits, supporting a variable refresh rate of 120Hz [3]. - A white OLEDoS panel measuring 1.3 inches was displayed, featuring a pixel density of 4000 ppi and a brightness of 10,000 nits [3]. Group 2: Production and Future Plans - The white OLEDoS panel is currently in mass production, while the RGB OLEDoS panel is scheduled for mass production next year [6]. - Samsung's acquisition of eMagin has led to the introduction of a new ultra-small 0.62-inch white OLEDoS panel and a 2600 ppi RGB OLEDoS panel [3]. Group 3: Additional Innovations - Samsung introduced innovative screens such as a 12.4-inch Rollable Flex OLED panel suitable for tablets and a Flex S multi-fold OLED panel designed for hybrid devices transitioning from smartphones to tablets [7]. - A stretchable display based on Micro LED technology was also showcased, which could be utilized for innovative advertising in the future [7].

Core Viewpoint - The company plans to invest in a silicon-based OLED microdisplay backplane production project in collaboration with Visionary Technology and specific clients [1] Group 1: Investment Details - The company intends to invest no more than 1.8 billion yuan in the project, with an additional 600 million yuan allocated for capital increase in its wholly-owned subsidiary, Yirui Hefei [1] - The investment will be funded through the company's own funds and a deposit provided by Visionary Technology [1] Group 2: Production Capacity - Upon completion of the project, the company will add a production capacity of 5,000 silicon-based OLED microdisplay backplanes per month [1] - The project aims to achieve large-scale mass production of the backplanes [1]

【LEDinside】 4月28日，宏禧科技全资子公司安徽宏禧微显科技有限公司举行了硅基OLED微型 显示模组（一期）项目的开工仪式，项目总投资20亿元，将建设高端数字化智能制造基地。 图片来源：宏禧科技 宏禧科技成立于2019年7月，专注于硅基Micro OLED微型显示器及模组的研发、设计与制造。公 司已建成一条12英寸硅基Micro OLED生产线，已推出0.6英寸、0.7英寸、1.33英寸产品，并在开 发1.4英寸（4K×4K）新型号。 此外，国际厂商也在加速推进相关技术。1月，韩媒ETNews报道称，三星显示旗下的Micro OLED 企业eMagin已收到RGB Micro OLED工程样品订单，计划于2025年第二季度开始量产。 市场新品方面，4月国兆光电发布了0.3英寸超高亮低功耗硅基OLED显示屏，创王光电则推出了亮 度高达6万nits的最新Micro OLED产品。 #宏禧科技 #硅基OLED #MicroOLED 今年2月，宏禧科技完成近5亿元A轮融资，由安徽省智能家电家居产业基金、国芯创投等机构参 投。 值得一提的是，除了宏禧科技外，行业内其他企业也在加快硅基OLED领域的布局。 3月 ...

Core Viewpoint - The company, Lite-On Optoelectronics, is experiencing significant growth in 2024 due to a surge in sales of OLED terminal materials, leading to record-high financial performance [1][3]. Financial Performance - The company reported a revenue of 471.77 million yuan, representing a year-on-year increase of 56.90% [1][4]. - Net profit attributable to shareholders reached 166.7 million yuan, up 117.17% compared to the previous year [1][5]. - Key financial metrics such as operating cash flow, gross margin, and basic earnings per share also saw substantial growth, achieving new highs since the company's listing [3][5]. Sales Growth - The increase in revenue is primarily driven by a 71.56% rise in sales of OLED terminal materials, contributing an additional 163.82 million yuan [4][5]. - The company’s customer base includes major panel manufacturers like BOE, Tianma, and Huaxing Optoelectronics, with a notable increase in market share [5]. Customer Dependency - The company has a concentrated customer structure, with 75.56% of its revenue coming from BOE, indicating a significant reliance on a few key clients [6][7]. - The top five customers account for a large portion of revenue, with the second-largest customer contributing only 12.04% [6]. Stock Performance and Buyback - The company's stock experienced a sharp decline of 15.25% on April 7, reaching a 60-day low of 18.01 yuan [5]. - In response, the company announced a share buyback, purchasing 311,513 shares at prices ranging from 17.30 to 19.48 yuan per share, totaling approximately 5.885 million yuan [5]. Research and Development - The company increased its R&D expenditure to 64.69 million yuan, a growth of 28.30% year-on-year, focusing on advancing its technology in OLED materials [8]. - Despite progress in the silicon-based OLED sector, the company still faces challenges in matching international standards and achieving commercial viability [8].