Visionox(002387)2025-04-01 09:08Group 1: Company Overview and Performance - In 2024, the company achieved a revenue of 7.929 billion CNY, representing a year-on-year growth of 33.80% [3] - The OLED mobile panel demand improved due to the recovery in the downstream consumer electronics industry, leading to an increase in product prices [2] - The company focused on optimizing product structure and enhancing supply to key customers, resulting in a significant increase in shipment volume [2] Group 2: Production Capacity and Technology - The company’s Kunshan 5.5-generation AMOLED production line continues to optimize product structure and upgrade capacity, while the 6th-generation flexible AMOLED production line in Gu'an maintains a high utilization rate [2] - The company is actively releasing production capacity for low-power dynamic refresh rate technology and foldable products, supplying multiple high-end products [2] - The global AMOLED market is expected to grow, with a projected compound annual growth rate (CAGR) of 56% for IT product AMOLED panel shipments and 49% for automotive display AMOLED panel shipments from 2023 to 2028 [5] Group 3: Strategic Initiatives and Customer Relations - The company is enhancing customer experience and expanding its diversified brand customer base, while deepening cooperation with leading brands such as Honor, Xiaomi, OPPO, and Google [2][3] - The company is focusing on improving profitability through innovation, optimizing product structure, and enhancing delivery and customer service capabilities [6][7] - The localization of the supply chain is being strengthened, with significant improvements in the local sourcing rate compared to the previous year [7]