APT Electronics (2551) investor relations material

Executive summary

• H1 2026 revenue was RMB1,079.0m, down 3.0% YoY; net loss was RMB56.3m versus net profit of RMB11.2m a year earlier.

• Advanced display growth and gains in automotive-grade LED devices and modules partly offset lower complete-lamp and high-end lighting sales.

Financial highlights

• Revenue was RMB1,079.0m versus RMB1,112.6m YoY; gross profit was RMB130.0m versus RMB167.8m.

• Loss before tax was RMB50.1m versus profit before tax of RMB14.0m; basic and diluted loss per share was RMB0.10 versus earnings of RMB0.02.

• R&D expenses rose to RMB65.2m from RMB55.7m; other expenses increased to RMB26.5m from RMB9.8m.

• Total assets increased 15.3% to RMB3,556.3m from December 31, 2025; total liabilities rose 31.0% to RMB2,308.5m.

Outlook and guidance

• Strategic priorities include vertical integration, technology innovation, measured capacity expansion and targeting high-growth markets; no numerical financial guidance was stated.

• R&D focus includes intelligent automotive lighting and displays, RGB Mini LED, Micro LED, AR+AI displays, high-pixel automotive lighting and specialized high-end lighting solutions.

• Plans include applying AI across R&D, manufacturing and management to improve optimization, traceability and yield; advanced display capacity and new-generation RGB Mini COB lines are expanding for scaled delivery.