The present invention provides an array substrate and a display panel. The array substrate includes: an underlay; a source electrode and drain electrode disposed on underlay; a light shielding portion disposed on underlay; an active layer correspondingly disposed on the source electrode, the drain electrode, and the light shielding portion. The active layer includes a channel region, and the light shielding portion is disposed to correspond to the channel region. The present invention reduces processes and lowers cost by disposing the source electrode, the drain electrode, and the light shielding portion in a same layer such that the source electrode, the drain electrode, and the light shielding portion are simultaneously formed with a same material by a same process.