JILIN OLED MATERIAL TECH CO LTD

Jilin OLED Material Tech Co., Ltd. operates as a specialized entity in the upstream segment of the organic light-emitting diode (OLED) industry. Founded in June 2005, the company's establishment was a collaboration with Jilin University, leveraging a patent from the university's State Key Laboratory of Supramolecular Structure and Materials. The founder and chairman, Xuan Jingquan, initiated the venture after recognizing the potential of an OLED materials project at the university.

The company focuses on the research, development, manufacturing, and sales of two primary product lines: OLED organic materials and evaporation source equipment. Its business model revolves around supplying these critical components to OLED panel manufacturers. Clients include major domestic display producers such as BOE, TCL CSOT, Visionox, Everdisplay Optronics (EDO), Tianma, and Truly Group. Revenue is generated through the direct sale of its terminal organic materials and the sale and after-sales service of its evaporation source equipment. The company's operations are strategically located in Changchun and Shanghai to serve the Chinese market.

Jilin OLED produces a range of terminal organic light-emitting materials, which are the purified, high-grade materials directly used in the production of OLED displays. These materials include hole injection, hole transport, light-emitting layer, and electron transport materials. A significant part of its business is the production of evaporation sources, which are core components of the evaporation machines used in the vacuum deposition process to manufacture OLED panels. The company successfully developed a 6th generation AMOLED linear evaporation source, breaking foreign market dominance and enabling domestic substitution for this key equipment. This dual-product strategy creates a synergistic effect, where the equipment development informs material performance optimization and vice-versa.

A major milestone for the company was its official listing on the STAR Market of the Shanghai Stock Exchange on September 3, 2020, becoming the first company in Jilin Province to do so. The company has a substantial intellectual property portfolio, with over 1,000 invention patent applications. It has also undertaken numerous national-level research projects, underscoring its R&D capabilities. In 2022, the company raised approximately $38 million in a private placement to further its growth. Looking ahead, the firm is expanding its production capacity and developing equipment for larger generation production lines, such as the G8.6.

Keywords: OLED materials, evaporation source, display technology, organic electronics, semiconductor materials, optoelectronics, AMOLED, display components, vacuum deposition, high-purity chemicals, panel manufacturing, Chinese supplier, import substitution, R&D, display chain, light-emitting materials, hole transport layer, electron transport layer, terminal materials, encapsulation materials