Yunying Valley Technology Co., Ltd.(Stock Code: 3310.HK) successfully listed on the Hong Kong Exchange and Clearing House on May 27, 2026. The company is a leading technology brand in the display industry, dedicated to providing reliable and high-performance display driver solutions for consumer electronics brand companies. Based on 2024 sales figures, the company is the largest mainland Chinese supplier in the smartphone AMOLED display driver chip market in the Chinese mainland. Frost & Sullivan&Sullivan,hereinafter referred to as"Sullivan"
Yunying Valley Technology Co., Ltd. (hereinafter referred to as"Yunying Valley"
During this listing process in Hong Kong, Sullivan provided the following key services: helping the issuer accurately and objectively understand its position in the target market, using objective market data to identify, support, and highlight the issuer’s competitive advantages, assisting the issuer, investment banks, and other intermediaries in writing important sections of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, etc.), helping the issuer communicate with the Stock Exchange and investors, aiding investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in responding to various questions from the Stock Exchange regarding the industry.
Sullivan has always been a leader in helping companies list on the Hong Kong stock market. According toLiveReport Big Data (statistical data as of March 31, 2026), over the past 36 months and 12 months, and from January to March 2026, Frost & Sullivan provided listing industry advisory services for 195 (market share: 71%), 101 (market share: 73%), and 30 (market share: 77%) Hong Kong IPO companies, ranking first in terms of number of services provided. It possesses rich industry experience and communication skills with regulatory authorities, exchanges, investment institutions, and related organizations.
Part.01
Investment Highlights
· The company is a leading technology brand in the display industry;
· The company has mastered full-stack display driver technology that combines hardware and software, covering three key technical aspects: display driver chip design, driver compensation algorithm development, and pixel compensation circuit layout;
· The company is the first in the Chinese mainland to have the technical capability to develop and designAMOLED display driver chips and Micro-OLED display backplanes/drivers;
· The company is the first in the Chinese mainland to obtain brand company certification and the only company with cumulative shipments exceeding ten million units of brand companyAMOLED display driver chips.
According to Sullivan’s report,
· Based on2024 sales figures, the company is the fifth largest supplier in the global smartphone AMOLED display driver chip market and also the largest supplier in the Chinese mainland;
· Based on2024 sales figures, the company ranks third in the Chinese mainland smartphone AMOLED display driver chip market, with a market share of 12.4%, and is also the largest mainland supplier in this field;
· Based on2024 sales figures, the company is a major supplier in the Micro-OLED display backplanes/drivers sector, with a market share of 40.7% globally, ranking second.
Part.02
Global Overview ofAMOLED Display Driver Chip Market
From2020 to 2024, the global AMOLED display driver chip market experienced strong growth, with sales increasing from approximately 723.7 million units in 2020 to 1,292.2 million units in 2024, with a compound annual growth rate of 15.6%. Due to the slowdown in smartphone shipments, it is expected that the compound annual growth rate of the global AMOLED display driver chip market will slightly decline from 2024 to 2029, predicting around 2,112.0 million units by 2029, with a compound annual growth rate of 10.3%. In terms of downstream applications, the smartphone market is the main application for AMOLED display driver chips, accounting for 69.2% of the global market in 2024. In the future, especially new applications such as television and vehicle displays, are expected to become the main drivers of growth.
GlobalAMOLED Display Driver Chip Sales revenue increased from $3,481.8 million in 2020 to $3,913.9 million in 2024, with a compound annual growth rate of 3.0%. Looking ahead, as the largest downstream application for AMOLED display driver chips, smartphone shipments are expected to continue declining, resulting in a corresponding decrease in AMOLED display driver chip shipments, and the global AMOLED display driver chip sales revenue will have a slightly lower compound annual growth rate from 2024 to 2029. It is expected that by 2029, global AMOLED display driver chip sales revenue will reach $4,449.3 million, with a compound annual growth rate of 2.6% from 2024 to 2029.
Source:Omdia, expert interviews, Sullivan
Part.03
GlobalMicro-OLED Display Backplanes/Drivers Market Overview
Driven byXR device demand, global Micro-OLED display backplanes/drivers sales volume showed significant growth, from 600,000 units in 2020 to 2.5 million units in 2024, with a compound annual growth rate of 41.1%, and it is expected to reach 26.7 million units by 2029, with a compound annual growth rate of 60.6%. In terms of downstream applications, XR devices are the main application, and it is expected that the sales volume of Micro-OLED display backplanes/drivers in the XR device sector will reach 24.7 million units by 2029, with a compound annual growth rate of 75.9%. In terms of revenue, the market increased from $6.6 million in 2020 to $26.1 million in 2024, with a compound annual growth rate of 41.0%. It is expected to reach $176 million by 2029, with a compound annual growth rate of 46.4%. Among them, XR devices increased from $17.3 million in 2024 to $164.4 million by 2029, with a compound annual growth rate of 56.9%.
Source: Expert interviews, Sullivan
Part.04
Global SmartphonesAMOLED Display Driver Chip Market Competition Landscape
Global SmartphonesThe AMOLED display driver chip market is relatively concentrated; in 2024, the top five participants accounted for approximately 81.3% of total sales. Based on 2024 smartphone AMOLED display driver chip sales, our company ranks fifth among all market participants in the global smartphone AMOLED display driver chip market, with a market share of 5.7%; and we are the third largest independent supplier in the global smartphone AMOLED display driver chip market. We are also the largest supplier in the Chinese mainland market for smartphone AMOLED display driver chips.
Source: Expert interviews, Sullivan
