Provided is a display panel, including: a base substrate provided with a first display region and a second display region; a first auxiliary electrode layer, a first anode layer, a first light-emitting layer and a first cathode layer that are sequentially laminated, in a direction away from the base substrate, in the first display region; and a second auxiliary electrode layer, a second anode layer, a second light-emitting layer, and a second cathode layer that are sequentially laminated, in the direction away from the base substrate, in the second display region; wherein the first auxiliary electrode layer is connected to the first cathode layer and the second auxiliary electrode layer, and the second cathode layer is connected to the first cathode layer, the second cathode layer is provided with at least one hollowed-out region.