Appotronics’ Chairman LI Yi said in CNBC’s interview: Automotive business will become our main revenue stream

Recently, LI Yi, Chairman and CEO of Appotronics (688007.SH), introduced the Company’s operation and future development in CNBC’s interview. This is CNBC’s second interview on LI Yi following the CES exhibition in January this year.

According to the 2023 semi-annual report of Appotronics, in 1H2023, the Company’s revenue amounted to RMB1.073 billion; net profit attributable to the parent company amounted to RMB74.9146 million, representing an increase of 62.98% year-on-year; the overall gross profit margin increased by 7.39 percentage points to 37.7%. Among them, highlights are the robust recovery of cinema services and the acceleration of automotive optical business.

At the CES, United States earlier this year, BMW debuted Dee, an i-digital emotional interaction concept car. The car has a stunning four-window fusion display technology while its core components were provided by Appotronics, which attracted CNBC’s first interview. Thereafter, Appotronics independently exhibited at the Shanghai Auto Show and launched the world’s first automotive-grade laser headlights supporting RGB display accompanied by a showcase of various application solutions such as window outward display, in-car transparent display, in-car entertainment screen, and smart surface.