The revenue of Vicino in the first half of the year ranged from 2.425 billion yuan to 2.725 billion yuan, a decrease of 20% to 29% over the same period last year.

Thank you CTOnews.com netizen Mr. Aviation for the clue delivery! CTOnews.com July 16 news, Visionox was founded in 2001, is the mainland of China's first OLED product supplier. The manufacturer was established based on Tsinghua University organic light-emitting display technology, and is a high-tech enterprise integrating OLED independent research and development, large-scale production and market sales.

Visionox now releases the semi-annual performance forecast for 2023. It is expected that the revenue range in the first half of the year will be 2.425 billion yuan to 2.725 billion yuan, down 20% to 29% year-on-year. Among them, the revenue in the second quarter is expected to be 1.656 billion yuan to 1.956 billion yuan, up 115% to 154% compared with the first quarter.

In addition, Visionox expects net profit of-1.8 billion to-1.6 billion yuan in the first half of this year, compared with a loss of 1.165 billion yuan in the same period last year.

In the first half of this year, the domestic OLED production capacity accelerated to release, affected by macroeconomic and consumer electronics demand fluctuations, the price of low-end smart phone OLED products fluctuated greatly.

Visionox said that it adjusted its product strategy according to market conditions, focusing on OLED display products of middle and high-end models for head customers, continuously supplied head brand customers during the reporting period, and actively expanded the introduction of more brand products.

According to CTOnews.com, Visionox has supplied flexible screens for Glory Magic 5, Glory 90, Huawei P60, Huawei Mate X3, nova 11 and other mid-and high-end series terminal products in the first half of the year.