The LED market is undergoing significant changes, with fierce competition and increasing challenges. Driven by rapid technological advancements and evolving consumer demands, the LED industry is accelerating its transition towards high-end markets. Key areas such as Mini/Micro LED, small-pitch displays, automotive LEDs, and LED lighting have become focal points for major players in the industry.
APT Electronics has strategically positioned itself in the high-end sectors of automotive smart vision, advanced lighting, and next-generation displays. With a forward-looking strategy, the company has seized key opportunities in industry development, gaining an edge through technological advancements and market growth.

Recent Industry Growth and Market Trends
The Chinese government’s recent “replace old with new” policy for household appliances has positively impacted the TV market, with brands like TCL, Hisense, and Xiaomi seeing significant increases in Mini LED TV sales. The government’s subsidy program for household appliances has driven the sales of large-size Mini LED TVs, reaching a shipment of 6.75 million units, marking a 65% year-on-year increase. This growth has significantly boosted APT Electronics’ TV backlight business, leading to substantial gains in the third quarter.
APT Electronics is also making significant investments in high-margin areas like smart automotive lighting, smart lighting, and plant lighting. As early as 2017, the company foresaw the transformation of China’s automotive lighting industry and expanded into the automotive smart vision market. This move allowed the company to capitalize on the dual benefits of automotive intelligence and domestic supply chain localization, successfully avoiding the intense competition in traditional lighting markets.
Expanding into the Automotive Display Market
In the new display market, APT Electronics is actively expanding into Mini LED automotive interactive screens. As demand for personalized in-car experiences rises, automotive display technologies are increasingly incorporating direct-view interactive LED screens, which are gaining traction in the market. APT’s outlook for this sector remains optimistic.
During the 2024 TrendForce Self-Emissive Display Industry Forum, Dr. Zeng Zhaoming, Vice President of APT Electronics, discussed the company’s latest developments and future plans in automotive interactive displays.

Advancing Automotive Display Technology: Creating Diverse Product Solutions
The rapid development of smart and electric vehicles is driving innovation in automotive display technologies. New technologies like Mini LED and Micro LED, with superior display performance, are increasingly being applied in the automotive display market, with a promising future ahead.
APT Electronics is focusing its efforts on two key segments in automotive displays: central control screens and interactive screens. Currently, the central control screen market is dominated by LCD technology, while Micro LED remains in its early stages, limited by cost and technological maturity. However, as demand for high brightness and high contrast continues to grow, Mini LED technology will play an increasingly important role.
In the interactive screen segment, APT is primarily targeting the new energy vehicle market, offering personalized and dynamic display solutions capable of showing both dynamic patterns and interactive information. However, the industry faces regulatory restrictions, limiting the scope of content that can be displayed. APT believes that with the evolution of regulations, the application of interactive screens will become more widespread.
Currently, APT Electronics offers a range of interactive screens, including full-color, red-light, and white-light models, to meet personalized customer demands. The company employs POB technology, with a focus on automotive-grade certifications, cost-efficiency, adaptability, and design flexibility. For different application scenarios, APT provides various pitch options such as P1.25, P1.5, P3, and P4.

Leveraging Technological Advancements to Strengthen Market Position
While automotive interactive displays are still an emerging field, APT Electronics has been deeply involved in flip-chip technology since 2006 and is one of the first companies in China to achieve mass production of flip-chip LED sources. This foundational technology has laid the groundwork for the company’s success in this market.
APT’s advanced flip-chip technology eliminates the need for wire bonding and supports multi-chip integration. Leveraging its deep expertise in flip-chip and packaging technologies, the company has achieved a greater than 95% yield rate in the Mini LED COB field. Furthermore, its white light packaging and light conversion technology have significantly improved the color gamut and color reproduction of Mini LED display products, optimizing display performance and strengthening APT’s competitive edge in direct-view display products.
APT Electronics has invested heavily in R&D for automotive interactive screens, focusing on enhancing contrast, improving light distribution, and ensuring uniformity. The company is also developing secondary packaging technologies to further enhance display quality.
A Strong Position for Growth: Vertical Integration and Smart Manufacturing
APT Electronics has long focused on backlighting, amassing extensive experience in Mini LED backlight technology. The company’s success in Mini LED backlight and direct-view display technologies has been driven by both technological accumulation and market demand. Its dual layout in these key markets positions it well for strategic growth.
To drive innovation and product upgrades, APT integrates LED technologies with semiconductors, sensors, software and algorithms, electronics, optical components, and IoT technologies, forming its “LED+” product portfolio. This integration strategy strengthens its competitive advantage.
APT Electronics also collaborates with upstream and downstream partners, leveraging complementary resources to enhance product competitiveness. In the automotive sector, the company has built strong relationships with over 20 major domestic automakers and Tier 1 suppliers, providing solid support for future automotive interactive display projects.
Financial Performance and Expansion Plans
From 2010 onwards, APT Electronics has focused on the backlighting sector, with its revenue steadily increasing. In 2021, its revenue reached 1.388 billion CNY, and in 2023, it climbed to 1.858 billion CNY. In the first five months of 2024, the company’s revenue stood at 843 million CNY. Net profits during this period were 78 million CNY, 39 million CNY, 72 million CNY, and 32 million CNY, respectively, providing strong financial backing for its development in the automotive display market.
Embracing “LED+” Technological Innovation for Global Expansion
APT Electronics is committed to transitioning into a global high-tech company, focusing on “LED+” system development, driving the intelligent transformation of automotive lighting, TV backlighting, and advanced lighting. By integrating lighting, display, and sensing technologies, the company is paving the way for smart upgrades across these sectors.
APT’s modular and system-wide strategy provides flexible product models, catering to clients with various technical integration capabilities. The company continues to enhance its competitiveness by tapping into future smart and diversified demand.
To support its global expansion, APT is investing heavily in the automotive smart vision system, enhancing production capacity and expanding into high-end lighting and display markets. It is building a new automotive lighting plant in Nansha, with construction expected to start next year and be completed by the end of the year.
The Capital Market Boost: A New Era for APT Electronics
On November 8, APT Electronics successfully listed on the Hong Kong Stock Exchange, achieving a record-breaking 5678 times subscription, setting a new record for IPO subscription multiples in the technology sector. This success reflects investor confidence in APT’s future prospects and provides strong market and financial support for its growth.
The positive response from the capital market has boosted APT’s morale and laid a solid foundation for continued innovation and expansion, helping the company make strides in the automotive smart vision, advanced lighting, and new display sectors. This listing marks a significant step toward becoming a global high-tech enterprise, positioning APT to compete more effectively in the global semiconductor industry.
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