Brief Introduction

InfoVision Optoelectronics(Kunshan)Co.,Ltd (IVO) Founded on July 12, 2005, located in the national Kunshan Economic and Technological Development Zone Optoelectronics Industry Park, with a registered capital of 3.33 billion yuan, and is controlled by Kunshan Government.

IVO is a famous LCD panel manufacturer in China, mainly engaged in the R&D, production and sales of thin-film transistor liquid crystal display (TFT-LCD). The company's products are mainly used in terminal products such as laptop, mobile phones, vehicles and industrial control display systems.

As one of the first batch of domestic enterprises to invest in the construction of TFT-LCD production line, IVO has continued to explore the small and medium-sized display field, focusing on the consumer display market represented by laptop and mobile phone,and actively layout the professional display market represented by vehicle and industrial system. In 2019, the company ranked the 6th in the world in terms of laptop panel, 9th in smartphone panel and 8th in vehicle display panel.IVO has always focused on product technology innovation and process improvement ,successively established a number of research and technology platforms, such as national enterprise technology center, Jiangsu Province (IVO) flat panel display technology research institute, Jiangsu Engineering Technology Research Center and Jiangsu industrial design center. IVO has independently developed advanced technologies in TFT-LCD industry, such as HVA wide narrow perspective anti peeping technology, metal grid on cell touch technology, and applied to small and medium-sized products to improve the added value of products and realize differentiated competition. By the end of 2019, IVO has obtained 1,748 authorized patents, including 535 invention patents.

Company Overview

Full name InfoVision Optoelectronics(Kunshan)Co.,Ltd.
Abbreviations IVO
Code 688055
Founded 12th July 2005
Listing 17th August 2020
Domicile Kunshan
Website www.ivo.com.cn
Email Ltdmb@ivo.com.cn
STAR Theme New Generation IT
CSRCSector Manufacturing-Computer, communication and other electronic equipment manufacturing industry
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 0.08 0.10 0.34
R&D expenditure as a % of operating revenue 6.78% 6.16% 5.50%
Operating Revenue 3,848.62 3,725.28 4,306.00
Net Income 245.10 288.68 1,027.80

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 3,848.62 3,725.28 4,306.00
Operating Costs 3,192.94 2,844.70 2,547.13
Operating Income 253.30 311.60 1,187.61
Pretax Income 258.04 321.56 1,193.79
Income Tax 12.94 32.88 165.99
Net Income 245.10 288.68 1,027.80

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 1,782.57 3,488.00 1,752.05
Non-current Assets-Total 3,367.12 3,494.57 3,949.62
Total Assets 5,149.69 6,982.57 5,701.67
Liabilities
Current Liabilities-Total 1,993.19 4,078.30 3,084.99
Non-current Liabilities-Total 21.42 14.22 15.07
Total Liabilities 2,014.61 4,092.52 3,100.06
Stockholder's Equity
Share Capital 3,040.28 6,154.53 6,154.53
Retained Profits 94.80 -3,264.48 -3,552.90
Total Owners' Equity 3,135.08 2,890.05 2,601.63

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 577.79 635.35 1,384.06
Net Cash Flows-Investing 1,202.74 -1,083.83 -754.14
Net Cash Flows-Financing -1,799.23 551.12 -792.87

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held

Kunshan Guochuang Investment Group Co., Ltd.

1,530.00 45.90%

InfoVision Optoelectronics Holdings Limited

1,470.00 44.10%

Soochow securities -- IVO employees participate in the strategic placement collective asset management plan

33.33 1.00%

Soochow Venture Capital Co., Ltd.

9.02 0.27%

JPMORGAN CHASE BANK,NATIONAL ASSOCIATION

6.45 0.19%

Shanghai Minghong Investment Management Co.,Ltd.-- Minghong value growth phase 1 private equity

4.61 0.14%

China International Finance Hong Kong Asset Management Co., Ltd. - client funds 2

2.80 0.08%

Huatai Securities Co., Ltd.

2.22 0.07%

Shanghai Minghong Investment Management Co.,Ltd.—Minghong No.1 private equity

1.36 0.04%

Shanghai Minghong Investment Management Co.,Ltd.-- Minghong No.2 private equity

1.34 0.04%
 

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