Appotronics, a major player in laser display, achieved 957% profit growth in the first half of 2021

Shenzhen, China, August 24, 2021 /PRNewswire/ — On the evening of August 24Appotronics (688007.SH), a listed company on the SSE STAR market, released its interim report for the first half of 2021, revealing that from January to June, the company achieved the turnover of $170.05 million, a year-over-year increase of 54.28%, and net income attributable to the Parent Company of $23.24 millionincreasing by 956.81% year-on-year.

Appotronics, a globally leading technology company that operates laser displays, invented ALPD® technology in 2007 and created a new laser display architecture to form its proprietary intellectual property and build design capability and manufacturing of basic appliances. This has promoted the industrial applications of laser display in Chinaand has gradually extended the application of laser display from laser cinema projection and other high-end applications to large halls, commercial education, laser television, smart mini projector and other display applications.

To date, Appotronics has a total of 2,221 patents filed and granted worldwide, of which 70% are invention patents. Its key patents have been cited over 600 times by leading industry players, including Phillips, Texas Instruments, Osram, Epson and NEC. In the first half of 2021, Appotronics was granted 115 patents, including 82 invention patents, and filed 38 PCT international applications, leading to a total of 193 valid PCT international applications.

Appotronics’ revenue primarily consists of revenue from the sale of laser televisions, smart mini projectors, large hall projectors, professional projectors and educational projectors, revenue from the provision of laser light source rental services to cinemas and income from the sale of basic devices, including ALPD laser light sources, light generators and screens.

As a core device supplier, Appotronics has entered into cooperation with Barco, Hewlett-Packard, Hisense and other downstream companies in the industry.

At May 13, 2021Appotronics has entered into a strategic partnership with Airbus China Innovation Center, in which the parties will explore the possibilities of aeronautical applications based on laser light source technologies and laser display solutions for application scenarios spanning aircraft commercial fixed-wing aircraft, helicopters, etc. Appotronics is also actively arranging for some other new application areas, including vehicle-mounted laser display, smart home appliances, etc.

Appotronics laser display products are available in North America , Europe and other countries or regions. In the first half of this year, he entered Russia and Turkey and achieved over 400% annual growth for its overseas laser education projector and corporate projector. Today, the Company is taking initiatives to deploy its laser cinema projection services in the cinemas of North America, Europeand other regions, with the aim of obtaining more shares in these markets.

SOURCEAppotronics Corporation Ltd.