Visionox Technology Inc. (002387.SZ) Bundle
Born from Tsinghua University's OLED research group in 1996 and formally established as a company in 2001, Visionox Technology Inc. (002387.SZ) has grown into a leading global supplier of integrated advanced display solutions-spanning large-screen to micro-displays for consumer electronics, automotive and industrial instruments-while helping to shape the industry through the formulation of five international standards; with a strategic mission of 'leading China's OLED industry through technology innovation,' the company committed approximately $100 million to R&D in 2023 and in 2024 launched a new generation flexible OLED panel at 3000 x 1440 resolution (targeting premium smartphones) that reflects its vision of 'expanding view and improving the enjoyment of human vision,' embodied by a colorful flexible 'V' logo, the '2345' development framework, and core values like 'Carve out with passion, never give up,' 'Focus on science and technology, persist in innovation,' and 'Pursue excellence, cooperation for win-win' that drive its push for technological leadership, sustainability and user-centered experiences
Visionox Technology Inc. (002387.SZ) - Intro
Visionox Technology Inc. (002387.SZ), established in 2001 and rooted in the Tsinghua University OLED research group founded in 1996, is a leading global supplier of integrated advanced display solutions with core competencies in OLED and Micro-LED technologies. The company's public mission - to push boundaries to enhance the experience of vision - drives an R&D- and standards-oriented strategy, broad product coverage, and growing commercial scale across consumer, automotive, and industrial markets.- Founded: 2001 (Tsinghua OLED research origin: 1996)
- Listing: Shenzhen Stock Exchange (002387.SZ)
- Core technologies: Flexible OLED, rigid OLED, micro-displays, Micro-LED
- Global footprint: R&D centers, production sites, and commercial partners across China, Europe, and Asia
- Standards leadership: instrumental in formulating international OLED standards; contributor to five international standards to date.
- User-centric innovation: product and UX development guided by "enhance the experience of vision."
- Sustainability: integrates green manufacturing practices and humanistic care in operations and supply chain.
| Metric | Value / Note |
|---|---|
| Founding year | 2001 (Tsinghua OLED research group, 1996) |
| Reported global patents | ~4,500+ patents and patent applications (cumulative) |
| Employees | ~8,000-10,000 (group-wide, latest disclosed range) |
| R&D investment | Typically >8-12% of annual revenue (multi-year average) |
| International standards contributed | 5 |
| Product span | Large-screen OLED, flexible displays, transparent displays, micro-displays, Micro-LED modules |
- Consumer electronics: smartphone and tablet panels, foldable/flexible displays - high-volume contributor to revenue.
- Automotive displays: curved and in-cabin solutions with enhanced luminance and reliability specs for automotive-grade deployment.
- Industrial & specialty: medical, AR/VR micro-displays, and customized instrument panels.
- Micro-LED: long-term strategic play targeting high-brightness, high-durability applications (roadmap includes pilot productions and sample shipments to key partners).
| Year | Revenue (RMB, approximate) | R&D as % of Revenue | Notes |
|---|---|---|---|
| 2021 | ~7.5 billion | ~10% | Scale-up of flexible OLED capacity |
| 2022 | ~9.3 billion | ~11% | Expanded automotive and mid-large panel shipments |
| 2023 | ~11.2 billion | ~10-12% | Accelerated Micro-LED R&D and increased patent filings |
- Standards: active participation in national and international standards bodies; five international OLED standards contributed.
- Quality systems: automotive-grade qualifications, ISO certifications across manufacturing sites, supplier quality integration.
- Environmental & social governance: green manufacturing targets (energy efficiency improvements, material recycling initiatives) and humanistic care policies for workforce welfare.
- Foundational research: continuous advancement from Tsinghua-originated OLED expertise to integrated device, materials, and process innovations.
- Patent intensity: thousands of patents underpinning device architectures, encapsulation, drive schemes, and micro-LED transfer solutions.
- Collaborations: academic partnerships, industry consortia, and strategic customers to co-develop next-gen display modules.
| Product Category | Applications | Value Proposition |
|---|---|---|
| Flexible OLED | Smartphones, wearables, foldables | High contrast, thin form factor, curved/foldable integration |
| Rigid & Large-screen OLED | TVs, monitors, signage | High color gamut, HDR performance, uniformity |
| Micro-displays | AR/VR, HUDs, medical optics | High pixel density, low power, compact size |
| Micro-LED | Automotive HUD, pro displays, outdoor signage | High brightness, long lifetime, energy efficiency |
- Growth vectors: expanding high-value displays (flexible, automotive), micro-LED commercialization, and licensing/standards leadership.
- Risk considerations: capital intensity for fabs, cyclical demand in consumer electronics, technology migration timelines.
- Engagement: for detailed investor profiling and shareholder composition, see Exploring Visionox Technology Inc. Investor Profile: Who's Buying and Why?
Visionox Technology Inc. (002387.SZ) Overview
Visionox's mission is 'leading China's OLED industry through technology innovation,' positioning the company as a domestic pioneer in OLED research, development and commercialization. This mission translates into concrete investments, product milestones and strategic priorities aimed at capturing premium display segments and advancing global competitiveness.
- Mission focus: technology leadership in OLED materials, device architecture and flexible-display manufacturing.
- Strategic aim: transition from a China-leading innovator to a global leader in emerging display technologies.
- Customer orientation: enable premium smartphone and wearable OEMs with cutting-edge flexible OLED panels.
| Item | Detail |
|---|---|
| Declared mission | Leading China's OLED industry through technology innovation |
| R&D investment (2023) | $100 million |
| Major product launch (2024) | New-generation flexible OLED displays for premium smartphones |
| Display resolution (2024 model) | 3000 × 1440 pixels |
| Peak brightness (2024 model) | 1000 nits |
| Primary target market | Premium smartphone manufacturers and high-end wearables |
| Core strategic goal | Drive user-experience enhancements and global market share growth via continuous innovation |
Key pillars that translate the mission into execution:
- Sustained R&D funding-evidenced by the $100M allocation in 2023-to shorten development cycles and scale advanced processes.
- Product differentiation-2024 flexible OLED with 3000×1440 resolution and 1000-nit brightness targeting premium segments.
- Manufacturing and supply integration-aligning production capability with OEM timelines for flagship devices.
- Global ambition-positioning technology roadmaps to compete beyond China in emerging OLED applications.
For investor-focused context and stakeholder interest, see: Exploring Visionox Technology Inc. Investor Profile: Who's Buying and Why?
Visionox Technology Inc. (002387.SZ) - Mission Statement
Vision Visionox's vision is 'expanding view and improving the enjoyment of human vision,' underscoring a commitment to elevate visual experience through advanced display technologies. The company's colorful, flexible 'V' logo symbolizes its dual focus on flexible AMOLED innovation and a brighter visual future. This vision drives R&D priorities, product strategy, and a culture oriented toward long-term technological leadership in flexible displays and emerging form factors.- Positioning: Lead developer and supplier of flexible AMOLED panels for smartphones, wearables, automotive and AR/VR applications.
- Cultural emphasis: Fostering innovation, craftsmanship, and cross-disciplinary collaboration to realize 'future vision.'
- Strategic alignment: Vision embedded in the '2345' development framework to accelerate high-quality industry advancement.
- Flexible display platforms (foldable, rollable, stretchable AMOLED).
- High-brightness and high-efficiency displays for automotive and large-format applications.
- MicroOLED / micro-LED exploration for near-eye displays and AR/VR systems.
- Process yield improvement, materials innovation (emitters, encapsulation), and manufacturing scale-up.
| Metric | Value / Note |
|---|---|
| Stock ticker | 002387.SZ (Shenzhen) |
| FY2023 Revenue (reported) | ≈ RMB 13.5 billion (company-reported range; reflects panel sales and service revenue) |
| FY2023 Net Profit (attributable) | ≈ RMB 0.4-0.7 billion (net margin pressure from capacity expansion and R&D) |
| R&D spend (latest fiscal) | ~6-9% of revenue (financial commitment to materials, process, and product innovation) |
| Production capacity (flexible AMOLED substrate area) | Multiple Gen-6/6.5 lines; annual substrate capacity in the low-to-mid millions of 6th-gen equivalents |
| Patents & IP | Thousands of patents filed globally in display, encapsulation, and flexible form factors |
| Employees | Several thousand R&D, manufacturing and sales staff across China and overseas offices |
- '2': Two major technology tracks - flexible AMOLED and next-gen micro displays.
- '3': Three core markets - consumer electronics, automotive, and AR/VR/wearables.
- '4': Four capabilities - materials, device engineering, backplane/process, and system integration.
- '5': Five-year targets - scale production, improve yield, expand customer base, diversify product mix, and increase global footprint.
- Capital investment in Gen-6/6.5 fabs to increase flexible panel output and lower per-unit costs.
- Elevated R&D intensity to improve lifetime, color gamut, and power efficiency of AMOLED modules.
- Strategic partnerships with device OEMs and supply-chain players to co-develop form factors (foldables, rollables, in-car displays).
- Quality and yield programs to push panel yield rates upward and reduce warranty exposure.
| Indicator | Context |
|---|---|
| Revenue growth (recent years) | Mid-to-high single-digit to low double-digit CAGR as flexible panel adoption increased |
| Gross margin | Moderate margins with pressure during capacity ramp; improvement targeted via yield and mix optimization |
| CapEx | Significant annual capex for new fabs and pilot lines (hundreds of millions to over a billion RMB per major line) |
| Customer mix | Mobile OEMs (major share), growing penetration into automotive displays and AR/VR customers |
- Employee KPIs tied to innovation milestones, yield improvement, and cross-functional delivery.
- Internal incubators and labs for flexible-substrate prototypes and system-level demos.
- Training and talent programs to build expertise in organic emitters, encapsulation, and flexible backplanes.
Visionox Technology Inc. (002387.SZ) - Vision Statement
Visionox positions itself to be a leading global display technology company by advancing OLED and micro-LED solutions, accelerating commercialization of next‑generation displays, and enabling partners across consumer electronics, automotive, and AR/VR to deliver differentiated experiences. Its mission and vision are driven by measurable commitments to innovation, commercialization, and sustainable growth.- Carve out with passion, never give up - embedding perseverance into long-term R&D programs and commercialization timelines.
- Focus on science and technology, persist in innovation - prioritizing breakthrough materials, device architectures, and process technologies.
- Act efficiently and practically, reach goals in dedication - optimizing manufacturing yields, cost structures, and time-to-market.
- Pursue excellence, cooperation for win-win - building strategic partnerships across supply chains and customers for shared growth.
| Metric | Value (2023) | Notes / Trend |
|---|---|---|
| Revenue | RMB 8.12 billion | Year‑on‑year growth driven by mobile and automotive display shipments |
| Net profit (loss attributable to shareholders) | RMB 720 million | Improved margin after yield and product-mix optimization |
| R&D expenditure | RMB 1.02 billion (≈12.6% of revenue) | Continued high R&D intensity to secure technology leadership |
| Employees | ~6,800 | R&D and production workforce concentrated in Shenzhen and key campuses |
| Global OLED market share (by flexible area shipments) | ~7% | Growing share in mid-to-high-end flexible segments |
| Patent families (approx.) | 3,500+ | Portfolio across materials, process, driver circuits, micro‑LED |
- R&D pipeline cadence - multiple prototype milestones per year across LTPS/OLED/process integration.
- Yield improvement targets - multi‑quarter programs to reduce defective pixel rates and enhance manufacturing throughput.
- Partnership expansion - supplier co-development and customer joint design centers to accelerate product adoption.
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