Jilin Oled Material Tech (688378.SH) subsidiary wins the bid for a 47.2815 million yuan production line upgrade project for Visionox Technology Inc.

Jilin Oled Material Tech (688378.SH) announced that its wholly-owned subsidiary Shanghai Shengxi Optoelectronics Technology Co., Ltd. (referred to as Shanghai Shengxi) has recently received a bid award notice. The awarded project is: the upgrade project of the sixth-generation flexible active matrix organic light-emitting diode (AMOLED) production line for Visionox Technology Inc., with the equipment name: organic evaporation source, and the awarded amount is 47.2815 million yuan. As a core supplier of evaporation sources in China, the company successfully won the bid for this technology upgrade project, which reflects the high recognition of the companys products by downstream customers. It is beneficial for further deepening long-term cooperative relationships and promoting the domestic substitution process of evaporation sources. After the formal contract for the above-mentioned awarded project is signed and implemented successfully, it is expected to have a positive impact on the companys performance in 2026 and 2027, but the risk of a delay in revenue recognition cannot be ruled out.