Recently, leading domestic OLED company Viyan (002387.SZ) has released its performance for the full year of 2025 and the first quarter of 2026. Data shows that the company achieved steady business expansion over the past year, with annual revenue reaching 8.144 billion yuan in 2025, among which the revenue from core OLED products grew by 5.07%. Amid intense market competition, Viyan's AMOLED smartphone panel shipments remained among the top three globally, while its wearable products have consecutively ranked first globally for two years, successfully covering all high, medium, and low-end business lines of mainstream mobile phone brands such as Honor, Xiaomi, OPPO, and vivo.
Technological Breakthrough: ViP Lithography Process Secures Access to the Mid-Size Market
As the smartphone market becomes saturated, the industry's focus is shifting toward larger-sized tablets, notebooks, and automotive display sectors. Viyan has completely eliminated its reliance on traditional metal mask (FMM) in OLED production through its self-developed ViP (Smart Pixelation) technology.
Compared to traditional methods, ViP technology uses semiconductor lithography to define pixels, increasing the effective light-emitting area ratio from 29% to 69%, with a maximum pixel density of up to 1700ppi. This breakthrough not only significantly increases screen brightness and lifespan but also solves the deformation issues in large-sized panel production. Currently, wearable products equipped with ViP technology have achieved mass production, and the world's first 8.6-generation ViP production line located in Hefei is expected to go into full-scale production in 2027, marking a new step in the competitiveness of China's OLED in the mid-size market globally.
Efficiency Revolution: Self-Developed "ViEngine" Large Model Empowers the Entire Industry Chain
Besides competing in display technology, Viyan has deeply integrated AI into the "capillaries" of its business operations. The company's latest self-developed OLED vertical domain large model "ViEngine" is the first professional model in the industry trained on proprietary data related to processes, materials, and manufacturing.
This model constructs a three-tier architecture from a comprehensive knowledge base to the edge of the production line, accurately covering product development, smart manufacturing, and efficient operations. For example, in the brightness correction (Demura) process, AI algorithms significantly shorten the compensation processing time; at the production end, machine vision replaces manual inspections, enabling early warning of potential problems. This deep integration of "AI + manufacturing" directly improved the company's operational efficiency: in 2025, Viyan's cost and expense ratio decreased by about 10.48 percentage points, and its operating cash flow rose sharply from 366 million yuan to 2.309 billion yuan.
Industry Outlook: From Capacity Competition to Efficiency Competition
Currently, the display industry is undergoing a transition from simply competing in capacity scale to competing in technical paths and operational quality. Viyan has secured future demand growth through ViP technology, while optimizing internal inventory using an AI large model. Driven by new scenarios such as the AI phone upgrade cycle, in-vehicle smart cockpits, and smart homes, this leading Chinese panel manufacturer is demonstrating stronger defensive capabilities and growth potential in the high-end manufacturing sector through the "dual-line drive" of technology and efficiency.
