A flexible display panel includes: a stretchable base film; an adhesive layer disposed on a surface of the stretchable base film; a flexible substrate including a plurality of display units and a plurality of connection units, every two adjacent display units being connected by at least one connection unit; and a plurality of first release agent films disposed between the plurality of connection units and the adhesive layer, the plurality of first release agent films and the plurality of connection units being in one-to-one correspondence. An orthographic projection of each connection unit on the stretchable base film is within an orthographic projection of a corresponding first release agent film on the stretchable base film. The plurality of display units are bonded to the adhesive layer.