Visionox: Smartphones supplied to Honor, Xiaomi and other brands

Recently, Visionox stated in an institutional survey that according to the company's semi-annual performance forecast, the sales revenue of OLED products was 1.3 billion to 1.4 billion yuan, an increase of 80% to 94% over the same period last year, the production line utilization rate increased significantly, and the gross profit margin improved significantly.

Regarding the situation of customers, Visionox said that the operating level of the company's Kunshan G5.5AMOLED production line and Gu'an G6AMOLED flexible production line continued to improve, and smartphones and smart wearable products were widely delivered to first-tier brand customers. The Hefei G6AMOLED flexible production line was lit up in December 2020. In terms of customers, the company has supplied the main models of many brand customers such as Honor, ZTE, Nubia, Xiaomi, and Lenovo in the field of smartphones. Supply Honor 50 series, V40, 30Pro, and Pro+ series products; the under-screen camera upgrade solution has been released, and the application is promoted in collaboration with terminal manufacturers. In terms of ultra-high refresh rate screens, 165Hz and 144Hz are supplied to Nubia Red Magic and Lenovo Savior gaming phones. In the field of smart wearables, customers such as OPPO, Huami, and Xiaomi have been supplied. Exclusive supply of OPPO's first flexible screen smartwatch OPPOWatch; exclusive supply of Huami AmazfitX smartwatch; supply of Xiaomi Mi Band 6 in the first half of this year.

In terms of technology, Visionox said that the company has always attached great importance to the research and development of OLED technology. It is currently continuing to accumulate in technical directions such as extreme small holes, under-screen cameras, narrow bezels, high refresh rates, folding screens, low power consumption, wide variable frequency refresh rates, no polarizers, and screen integration; it is actively deploying in the medium-size and automotive directions; and it continues to conduct technical research and development in the MicroLED direction through its joint venture Chengdu Chenxian.

Visionox is actively developing technology in the field of automotive applications. The flexible AMOLED screen used in the transparent A-pillar of Nezha U is provided by the company. In addition, the company cooperates with automakers and auto parts suppliers to promote the application of flexible AMOLED in smart cockpits.

Regarding competitive advantages, Visionox pointed out that the first is technological innovation capability. The company is one of the earliest companies in China to engage in basic OLED technology research. For more than 20 years, it has been deeply engaged in the OLED field and has profound technical accumulation. It has participated in the formulation or revision of a number of OLED international, national and industry standards. The research and development of flexible technology began in 2001, and the products have created many world firsts, including the world's first AMOLED fully curved display, the world's first arbitrarily bendable flexible screen full module and other flexible products, with a minimum bending radius of 1.6mm. In addition, the company released the world's first mass-producible under-screen camera solution in 2020, and has released an upgraded version this year to promote the implementation of applications in collaboration with customers.

Second, we have a professional team that is focused on and continues to adhere to our career ideals and a rich talent pool. As a new technology, OLED is currently in a stage of rapid technological development and transformation, and the company's own talent accumulation is very important. From the 5.5-generation line in Kunshan to the 6-generation line in Gu'an, and then to the 6-generation line in Hefei, the company has achieved a good inheritance of technology, experience, and culture, ensuring the smooth progress of each production line.