The embodiments of the present disclosure relate to a display panel, a method of manufacturing therefor, and a display device. The display panel includes: a first substrate, a second substrate, and a liquid crystal layer disposed between the first substrate and the second substrate; a color film layer disposed on the side of the first substrate adjacent to the liquid crystal layer, the color film layer including a color filter layer, a black matrix, and a first reflector; a first polarizer and a second polarizer, which are respectively disposed on the first substrate and the second substrate; a light absorbing element disposed on the side of the second substrate away from the liquid crystal layer; and a backlight source disposed below the second substrate. The display panel provided by the embodiments of the present disclosure has a better display effect in a bright environment and a dark environment.