Visionox was established in 2001 and is the first OLED product supplier in mainland China. The manufacturer was established based on the organic light-emitting display technology of Tsinghua University. It is a high-tech enterprise integrating OLED independent research and development, large-scale production and marketing.
Visionox is now releasing the 2023 semi-annual performance forecast. It is expected that the revenue range in the first half of the year will be 2.425 billion RMB to 2.725 billion RMB, a year-on-year decrease of 20% to 29%. billion, an increase of 115% to 154% from the first quarter.
In addition, Visionox expects a net profit of -1.8 to -1.6 billion RMB in the first half of this year, compared with a loss of 1.165 billion RMB in the same period last year.
In the first half of this year, domestic OLED production capacity was released at an accelerated pace. Affected by fluctuations in macroeconomic and consumer electronics demand, the prices of OLED products for mid and low-end smartphones fluctuated greatly.
Visionox stated that it adjusted its product strategy according to market conditions, focusing on OLED display products of high-end models for top customers, continued to supply top brand customers during the reporting period, and actively expanded the introduction of more brand products.
In the first half of the year, Visionox has supplied flexible screens for Honor Magic 5, Honor 90, Huawei P60, Huawei Mate X3, Nova 11 and other mid-to-high-end series of terminal products.
