Visionox(SZ:002387)2022-11-22 02:58Financial Performance - In 2020, the company achieved operating revenue of 3.434 billion CNY, a year-on-year increase of 27.69% [2] - Revenue from OLED products reached 2.156 billion CNY, growing by 20.92% [2] - Net profit attributable to shareholders was 204 million CNY, a significant increase of 217.93% [2] - In Q1 2021, the company reported operating revenue of 615 million CNY, up 49.29% year-on-year, with substantial growth in OLED product revenue [2] Production and Client Development - The Kunshan G5.5 AMOLED production line and the Gu'an G6 AMOLED flexible production line are continuously improving operational levels, with widespread deliveries to major brand clients in smartphones and wearables [2] - The Hefei G6 AMOLED flexible production line and Guangzhou Zengcheng flexible module line were lit up in December 2020 [2] - The company has supplied major smartphone brands including Honor, ZTE, Nubia, Xiaomi, and Lenovo [2] Market Situation - According to OMDIA, the global display panel market size was approximately 29.1 billion USD in 2020, with AMOLED accounting for 27.5% [3] - The AMOLED market is expected to grow to 33.7% of a projected 117 billion USD market in 2021, reaching 39.4 billion USD [3] - The company is positioned in a rapidly growing industry, with over 20 years of experience in OLED technology and a strong patent portfolio [3] Shareholder Changes - The original controlling shareholder, Tibet Zhihui, transferred 11.70% of shares to Hefei Jianshu Investment, completing the transfer on March 29, 2021 [3] - This change has optimized the company's shareholder structure and improved its governance and sustainable development capabilities [3] Production Efficiency - The current production capacity of the Kunshan G5.5 line is 15K units per month, while the Gu'an G6 line's first phase also has a capacity of 15K units per month [4] Non-Public Offering Progress - The company is actively promoting the non-public offering project within the validity period of the issuance approval [5]