Visionox reports good financial result for 2020, may receive large OLED orders from Huawei and Honor
China-based OLED maker Visionox reported good preliminary financial results for 2020, with increased sales and improved revenues and profits. The company expects its net profit to be around 141-210 million Yuan ($21-31 million USD), which will represent an increase of 120-227% over 2019.
The company says that its ability to innovate OLED technologies (specially the world's first OLED with an under-the-screen camera and the world's first 144Hz refresh rate OLED) enabled the company to increase its customer base and in 2020 it has added OPPO and Motorola as customers.
An Axon 20 5G teardown explains the under-the-OLED selfie camera technology
A couple of months ago ZTE announced the first smartphone with an under-the-OLED camera - the The Axon 20 5G. The phone is now shipping, and first reviews are quite dismal in terms of the quality of the selfie camera - and the effect on the screen.
YouTuber JerryRigEverything performed an interesting teardown of the Axon 20 5G, where he shows how the technology works - there's a small transparent OLED display right on top of the camera that is attached to the regular punch-hole display. The display in this phone is made by Visionox.
Visionox starts production at its M4 flexible OLED module line in Guangzhou
According to reports from Korea, Visionox has started production at its M4 flexible OLED module line in Guangzhou.
Earlier this month Visionox announced that it lighted up its 6-Gen flexible OLED production line in Hefei, Anhui, China. The company is quickly ramping up its production capacity and is also planning a fourth panel production line in Chengdu.
Visionox lights up its upcoming 6-Gen flexible OLED production line in Hefei
China-based OLED maker Visionox announced that it lighted up its 6-Gen flexible OLED production line in Hefei, Anhui, China. The company will hold a ceremony on December 7th.
Visionox's new production line (its second 6-Gen line) will have a monthly capacity of 30,000 1500x1850 mm substrates, similar to the company's first line in Hebei. Total investment in the new production line will be $6.3 billion.
Visionox moves closer to profits as demand for its OLED displays increases
China-based OLED maker Visionox posted its Q3 2020 financial results, with a net loss of $17.7 million, down from $35 million in Q3 2019. Demand for Visionox's AMOLED displays is on the rise, while demand for LCD displays (which Visionox does not produce) is down in China.
In the video above you can see Visionox's latest foldable, wrap-around, rollable and flexible panels, in several configurations, as shown at SID Displayweek 2020. Visionox recently started shipping OLED displays with an under-the-display camera.
ZTE launches the world's first smartphone with an under-the-OLED camera, the Axon 20 5G
ZTE announced the Axon 20 5G, the first smartphone with an under-the-OLED camera. The Axon 20 5G features a full-screen 6.92-inch 1080x2460 90Hz AMOLED display and will ship in a few days in China for around $320.
The Axon 20 5G also sports an under-the-display fingerprint sensor - and ZTE says that it includes an "under-the-OLED" sound, which could mean that the OLED acts as a speaker membrane (in a similar way to LG's Crystal Sound Technology), but it is not clear exactly.
Visionox profits decreased sharply as AMOLED prices drop in June
China-based OLED maker Visionox posted its H1 2020 financial results - with a net profit that dropped 47.3% (from H1 2019) to $13.4 million. This result was actually boosted by the sale of some assets, without which the company would have posted losses of $77 million.
Visionox revenues actually increased 4.5% to $173.8 million, but the company's profit margin was much lower as price of rigid OLED displays dropped 27% in June compared to last year. The price of flexible OLEDs was also down by 11%.
Eternal Material Technology starts to construct its 15-ton OLED material plant, updates on its OLED material and TASF project
China-based Eternal Material Technology (EMT) announced that it has started to construct its 15-tons OLED material production facility in Hefei. Yesterday the company held a groundbreaking ceremony at the construction site. EMT company expects the plant to begin mass producing materials in the second half of 2021. The planned total investment of the project (which will also include production of other materials) is 500 million yuan (or around $72 million USD).
EMT says that it has been able to achieve design wins for its ETL materials, and also other OLED related materials - and has already achieved sales of over 230 million Yuan ($33 million USD). EMT offers over 20 different OLED materials.
Visionox demonstrates its latest OLED technologies at SID Displayweek 2020
China-based OLED producer Visionox demonstrated some of its latest OLED technologies at SID Displayweek 2020.
In the video above you can see the company's latest foldable, wrap-around, rollable and flexible panels, in several configurations.
Reports suggest Visionox started to ship AMOLED displays with an under-the-display camera to Huawei and Xiaomi
Last month Chinese OLED producer Visionox launched an under-the-OLED camera technology, branded as InV See - which enables a selfie camera in a full-screen OLED smartphone. According to new report from China, Visionox has already shipped InV See displays to Huawei and Xiaomi which will launch smartphones with these displays soon.
The report suggests that Visionox started to ship these displays in the second half of 2019 - and these deals were worth over 3.5 billion yuan (around $500 million USD).
