China-based Qingyue was established in 2021 as a spin-off from OLED producer Visionox, to handle the company's PMOLED business.
Qingyue, one of the world's leading PMOLED makers, has two 370x400 mm production lines, each with a capacity of 8,000 monthly substrates (around 1.75 million 1-inch" displays). The company also has a subsidiary that develops OLED microdisplays.
Qingyue is a public company that trades on the Shanghai stock exchange (688496.sh).
Contact information for Qingyue
Qingyue Technology stock get delisted, following recent price drop
OLED producer Qingyue Technology has seen its share price decline quite a bit as of late, and now as the share price traded below 1 yuan for 20 consecutive trading days, the stock has been delisted and is no longer trading. At its high, on January 2024, the company traded at 24.88 yuan, that is a drop of over 97%..
Earlier this month, Qingyue reported its financial results for the first half of 2026, with $41 million in revenues (down 16% from 2025) and a net loss of $34 million. Qingyue mainly produces and sells three display types: ePaper (E Ink) modules, PMOLED displays and OLED microdisplays. It says that low demand for its ePaper displays is the main reason of the reduced results.
Qingyue reported its 2026 H1 financial results
OLED producer Qingyue Technology announced its financial results for the first half of 2026. The company recorded revenues of 276 million RMB ($41 million USD), down 16% from 2025. Its net loss was $34 million.
Qingyue mainly produces and sells three display types: ePaper (E Ink) modules, PMOLED displays and OLED microdisplays. It says that low demand for its ePaper displays is the main reason of the reduced results.
OLED display backplanes, part 1 of 7: introduction & PMOLED
The display backplane is the grid of thin-film transistors (TFTs) sitting behind the pixels, switching and feeding each one. It is one of the major constraint on what an OLED display can do, and is also the component that actually consumes (or wastes, really) most of the energy, more than the OLED emitters themselves.
This article is the first in a new seven-part series that will offer a practical guide to the backplane technologies of today, and of the future. Across the parts we explain how each one works, how it is manufactured, which products use it, and where its roadmap is heading. The journey runs from the simplest displays of all to the most advanced backplane in development today:
- Part 1: Introduction to the series, and PMOLED (the backplane-free OLED).
- Part 2: a-Si: the backplane that built the LCD industry but could never power OLEDs.
- Part 3: LTPS: the laser-crystallized silicon that finally drove OLED.
- Part 4: Oxide TFT (IGZO): the scalable, low-power newcomer.
- Part 5: LTPO: the flagship hybrid TFT that enables VRR
- Part 6: HMO: high-mobility oxide, the future industry backplane?
- Part 7: Organic TFTs and silicon CMOS microdisplay backplanes
A spotlight on Visionox: a deep dive into the company's history, ViP and pTSF technologies, spin-outs, fabs and roadmaps
Visionox is one of China's pioneering AMOLED producers, and arguably the industry's most technically ambitious second-tier player. Grown out of an OLED research group at Tsinghua University, the company built mainland China's first PMOLED line, its first AMOLED pilot line, and its first dedicated Gen-5.5 AMOLED mass-production line, and it currently holds somewhere around 10% of the global smartphone AMOLED market. By the end of 2024 it had shipped more than 240 million OLED panels cumulatively.
Yet Visionox is also the cautionary tale of the OLED industry. It is the smallest of the OLED focused panel makers, and the only major producer that remained loss-making in 2025, having accumulated roughly $1.2 billion in net losses over three and a half years. In late 2025 a Hefei government investment arm stepped in with a ~$410 million cash injection that made it the company's largest shareholder and de facto controller — a rescue that underlines both the strategic value Beijing places on a homegrown OLED champion and the financial fragility of the business itself.
That tension — between genuine technology leadership and a balance sheet under severe strain — runs through everything Visionox is doing right now, above all its $7.6 billion bet on an 8.6-Gen fab that will be the first in the world to attempt maskless OLED production at scale. In this article, we detail Visionox's history and corporate structure, its market position, its AMOLED capabilities and fabs, its ViP and pTSF technologies, its 8.6-Gen and microLED roadmaps, and its stock performance, opportunities and challenges.
OLED maker Qingyue announces that it is being suspected of fraud, GM takes measures
OLED producer Qingyue Technology announced that a suspected fraud investigation has been opened against the company by the China Securities Regulatory Commission (CSRC).
The company's general manager, Gao Yudi, likely being the main target of the investigation, has issued a decision to pay civil damages of at least 10 million Yuan ($1.4 million USD) to the company, and also withdraw his share repurchase proposal. In addition Gau Yudi will place 9 million Qingyue shares into a wholly-owned subsidiary "as a guarantee of performance".
