HK Recently Listed Stocks Watch | VIEWTRIX TECH (03310.HK) 18.69 million cornerstone shares to be unblocked on 27 November, BOE and OnePlus unveil fourth-generation OLED display

NewTimeSpace News, on 9 October 2026, display driver IC shares traded with volatility while VIEWTRIX TECH (03310.HK) weakened. As of 14:40, the company quoted HKD 24.740, down 0.80%.

On the news front, on 9 October 2026, BOE (000725.SZ) and OnePlus jointly unveiled a fourth-generation OLED display featuring all-new X4 emitting material, hardware-level 165Hz refresh rate globally, 185Hz in gaming scenarios and true hardware-level 1-nit dim-light display, to debut globally on the OnePlus 16 scheduled for launch on 12 October.

In addition, on 9 October 2026, Counterpoint Research released its premium IT display panel shipment and technology report, expecting shipments of premium notebook display panels to grow 11% year on year in 2026; shipments of OLED notebook display panels are expected to grow 50% year on year in 2026 and a further 24% in 2027, while the overall notebook display panel market is expected to see shipments decline 3% year on year amid rising memory costs and higher bill-of-materials costs for finished devices.

VIEWTRIX TECH (03310.HK) listed on the Main Board of the Hong Kong Stock Exchange on 27 May 2026 at an offer price of HKD 20.81, with 52,859,200 shares issued.

Regarding its shareholding structure, the lock-up period of both cornerstone investors of the company is six months, with the nearest release date falling on 27 November 2026, when a total of 18,692,800 shares held by the two cornerstone investors will be released from lock-up, representing 35.37% of the shares under the global offering and approximately 4.37% of the company's total issued share capital immediately following completion of the global offering. Among them, Digital Vista GD Investment LP subscribed for 16,818,800 shares and SpreadCom Limited for 1,874,000 shares. In addition, the 12-month lock-up undertakings of the company's controlling shareholders (the single largest shareholder group) and its other existing shareholders (including the pre-IPO investors) are expected to be released from lock-up in late May 2027.

In terms of financial performance, the company disclosed its first interim results after listing on 24 August 2026. For the first half of 2026, revenue was RMB 318 million, down 30.5% year on year; gross margin was 12.4%, up 3.3 percentage points from a year earlier; R&D expenses were RMB 129 million, broadly flat from a year earlier; loss for the period was RMB 151 million, compared with a loss of RMB 150 million a year earlier; and basic and diluted loss per share was RMB 0.39. AMOLED display driver IC revenue was RMB 231 million, down 39.3% year on year, while Micro-OLED display backplane/driver revenue was RMB 85.886 million, up 12.5% year on year. As of 30 June 2026, the company had cash and cash equivalents of RMB 1,302 million and net assets of RMB 1,752 million. The company declared no interim dividend.

VIEWTRIX TECH (03310.HK) focuses on the research, design and sale of OLED display driver ICs under a fabless model, with core products comprising AMOLED display driver ICs for smartphones and Micro-OLED silicon-based display driver backplanes/drivers for smart head-mounted devices such as VR/AR products. By 2024 shipment volume, it ranked fifth globally and first in the Chinese mainland in smartphone AMOLED display driver ICs, and second globally in Micro-OLED display backplanes/drivers.

CHINA FORTUNE SECURITIES believes that demand in the panel market remains resilient and that supply-side capacity tightness has not changed, and that, with upstream material costs continuing to rise and previous price increases not yet fully covering cost pressure, the tight supply-demand balance and cost pressure remain the core support for panel price increases.

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