The present disclosure provides a display panel and a display device. The display panel includes a display area, including a first display area. The first display area includes light non-transmissive areas and light transmissive areas, and sub-pixels in the light non-transmissive areas include a first light-shielding layer, a pixel driving circuit, and a light-emitting structure layer. In a direction perpendicular to a substrate, a projection of the first light-shielding layer covers a projection of the light-emitting structure layer and a projection of at least one transistor of the pixel driving circuit.