HKC, established in 2001 in Shenzhen, China, is an LCD producer that has three LCD production sites in Chongqing, Chuzhou and Mianyang. The company is one of the world's largest LCD makers, with an estimated market share of around 10% from the global TV panel market, and around 6.5% of the global display industry as a whole.
HKC aims to become an AMOLED producer. In 2023, it started a collaboration with JDI to build an eLEAP AMOLED production line in China. These plans were canceled though towards the end of 2023. The company continued to develop its AMOLED technologies, and in early 2025 it acquired Royole's AMOLED production line equipment.
In July 2025 HKC produced its first AMOLED display sample - a smartphone type panel, produced on an advanced Oxide-TFT (IGZO) backplane.
In addition to display panel production, HKC also produces display products, and is producing OLED monitors, based on QD-OLED panels produced by SDC - such as the GS27QK gaming monitor.
Contact information for HKC
HKC starts planning a 6-Gen OLED production line, approaches OLED equipment makers
Shenzhen-based HKC is reportedly progressing with its plans to build a 6-Gen OLED production line in Mianyang, Sichuan Province, and has started to approach OLED equipment vendors, seeking more information and quotes for production equipment.
According to the reports, HKC is looking to base this new fab on equipment it has acquired from Japan Display's Mobara OLED line, but increasing the capacity and adapting the technology by using new equipment to supplement the existing JDI systems.
The Shenzhen Stock Exchange gives a final approval for HKC's IPO, to raise $1.2 billion towards its OLED projects
Shenzhen-based HKC is progressing with its plans for an IPO - yesterday the Shenzhen Stock Exchange Listing Review Committee reviewed the company's IPO plans and has given it the final approval. We still do not know the exact timing, but it will likely to happen in 2026.
HKC, that aims to raise 8.5 billion Yuan (almost $1.2 billion USD), detailed its revenues - that reached $2.6 billion in the first half of 2025, and its net profit that reached $297 million. The newly raised funds will be used to upgrade the company's OLED R&D center in Changsha ($350 million), and its Oxide R&D project. The funds will also be used towards its Mini-LED (and in the future MicroLED) direct view factory in Mianyang ($280 million). Total investments in these three projects will be around 9.5 billion Yuan ($1.35 billion USD).
The Shenzhen Stock Exchange will review HKC's IPO plans on March 3, as the company aims to raise $1.2 billion towards its OLED projects
Shenzhen-based HKC is aiming to go public, and has started the IPO process at the Shenzhen Stock Exchange in June 2025, with plans to raise 8.5 billion Yuan (almost $1.2 billion USD). Following some delays, the IPO got back on track in December 2025, and now it was announced that the Shenzhen Stock Exchange Listing Review Committee will review HKC's IPO plans on March 3.
As part of the IPO, HKC detailed its revenues, that reached $2.6 billion in the first half of 2025, and its net profit that reached $297 million. The company aims to raise $1.2 billion. These funds will be used to upgrade the company's OLED R&D center in Changsha ($350 million), and its Oxide R&D project. The funds will also be used towards its Mini-LED (and in the future MicroLED) direct view factory in Mianyang ($280 million). Total investments in these three projects will be around 9.5 billion Yuan ($1.35 billion USD).
8.6-Gen AMOLED production lines - current snapshot and future industry outlook
The OLED's industry main new target, for the past several years, has been the IT display sector, mainly tablets, laptops and monitors. While we have seen OLED displays penetrate this market many years ago, the current 6-Gen AMOLED production lines are optimized for smartphone and wearable display production.
A few years ago display makers realized that OLED production lines with larger substrates will enable lower cost production, and will enable to increase the adoption of OLEDs in such devices. When this converged with technology readiness , several companies initiated new projects, all of which use 8.6-Gen (2250 x 2600 mm) substrates. In this article, we detail all four 8.6-Gen OLED production lines that are currently being built - by Samsung Display, BOE, TCL CSOT and Visionox. We also other display makers and how likely they are of launching large-scale 8.6-Gen lines as well. Finally, we see how these new lines will effect the entire OLED industry, whether it is likely we'll see new lines (do we actually need all that added capacity?) and what we expect to happen next.
HKC progresses with its IPO plans, reveals is financials for the first half of 2025
HKC wins first AMOLED orders, to enter mass production soon and expand its OLED product range
Inside the maskless OLED revolution: Applied Materials, Visionox, JDI, Samsung, and the race beyond FMM
HKC's IPO gets delayed, reveals plan to invest $350 million in its OLED R&D center in Changsha
Japan Display may sell its Mobara display fab to China's HKC
Back in July, we reported that Japan Display, who's been in financial problems for many years, has decided to halt its OLED production at its Mobara Fab, its only active OLED production line. JDI was looking for a buyer to take over the fab, and according to reports, it may have found its buyer - China based HKC.
Originally, JDI planned to finally end production at Mobara by March 2026, but now it may shut down the fab earlier than expected.
HKC decides on two strategies for OLED production: equipment acquisition followed by an eLEAP on IGZO production line
China-based LCD maker HKC aims to become an AMOLED producer, and we now have more details on its strategic plans. In 2023, HKC started a collaboration with JDI to build an eLEAP AMOLED production line in China. These plans were canceled towards the end of 2023, but the company continued to develop its AMOLED technologies, and in early 2025 it acquired Royole's AMOLED production line equipment.
Earlier this month HKC produced its first AMOLED display sample - a smartphone type panel, produced on an advanced Oxide-TFT (IGZO) backplane.
