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
STAR Theme New Generation IT
CSRCSector Manufacturing-Computer, communication and other electronic equipment manufacturing industry
Has weighted voting rights structure? No



  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
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
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%


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%

Legal Statement

All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.

Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.

Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.