Announcement • Apr 30
Appotronics Corporation Limited, Annual General Meeting, May 21, 2026 Appotronics Corporation Limited, Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: 32F, No. 8, Xiandong Road, Xili Subdistrict, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 30
Appotronics Corporation Limited to Report Q1, 2026 Results on Apr 30, 2026 Appotronics Corporation Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Jan 21
Appotronics Corporation Ltd. Unveils World's First Laser+LCOS Optical Engine Prototype for AR Glasses at SPIE Photonics West Appotronics Corporation Ltd. unveiled the world's first Laser+LCOS optical engine prototype for Augmented Reality (AR) glasses at the AR | VR | MR Exhibition of SPIE Photonics West 2026. This demonstration signifies the first successful convergence of laser display technology with the AR glasses form factor, establishing a critical milestone toward consumer-grade, all-day wearable AR devices. Held from January 20 to 22 in San Francisco, SPIE Photonics West is the premier global event for lasers, biomedical optics, optoelectronics, and vision technologies, attracting approximately 24,000 industry participants. This prototype reveal follows Appotronics' initial international presentation of the laser+LCOS concept two months prior at the Laser Illuminated Projector Association (LIPA) 2025 annual general meeting in New York. A Technological Leap: Harnessing Laser's Innate Advantages: Unlike LED-based systems, the laser+LCOS route capitalizes on the laser's natural polarization and exceptional collimation. This fundamental advantage eliminates the need for inefficient polarization conversion optics and enables a drastically compact optical engine architecture. This breakthrough paves the way for AR displays that are significantly brighter, more power-efficient, and compact enough for practical, all-day wearability. Collaborative Ecosystem and Competitive Edge: Chen stressed that realizing the full potential of laser AR requires broad industry collaboration, involving LCOS panel and MEMS developers. In this spirit, Appotronics has recently joined the Laser Display for AR Working Group, an industry consortium dedicated to fostering technical standards and accelerating the adoption of laser technology in AR. Performance Potential: Doubling Efficiency and Beyond: Compared to Appotronics' current Dragonfly series products (which were unveiled at CES 2026 just two weeks ago, are also on display here at Photonics West, and represent the company's latest commercially available optical engine solutions), the laser+LCOS engine prototype demonstrates profound potential across key metrics: Double the system optical efficiency. Superior brightness. A significantly wider color gamut. Reduced energy consumption and lower overall thermal load, longer battery life and comfort. Addressing Core Challenges: Speckle Reduction and Thermal Management Implementing lasers in AR necessitates overcoming hurdles like speckle noise and thermal management. Appotronics detailed its solutions in two technical papers presented at SPIE. The paper titled "System-level optimized high-efficiency compact RGB laser LCoS AR light engine" describes an ultra-compact (~1.4 cc) engine featuring a front-illumination, PBS-free design for miniaturization. A key innovation is a Laser Speckle Reducer module that successfully lowers speckle contrast from ~35% to ~13%, achieving 8 lm/W efficiency. The study also identifies the precise thermal management required to stabilize the wavelength of red laser diodes as a primary focus for ongoing development. Future Roadmap and Parallel Innovation Chen noted that mass production of the laser+LCOS engine could be achieved in approximately one year, contingent on further refinement of speckle reduction and clear market demand from clients. In parallel, Appotronics is advancing another technological pathway. A second paper, "High-resolution Lissajous scanning light engine with wide field of view for AR glasses," proposes a novel imaging method to overcome the resolution limitations of Lissajous-based Laser Beam Scanning (LBS). This research aims to enable high-definition displays with a field of view exceeding 60°, showcasing the company's broad expertise in next-generation AR display technologies. To sustain its competitive edge, Appotronics is actively seeking to recruit globally-minded, top-tier engineering and research talent during the SPIE Photonics West event week. Announcement • Dec 26
Appotronics Corporation Limited to Report Fiscal Year 2025 Results on Apr 30, 2026 Appotronics Corporation Limited announced that they will report fiscal year 2025 results on Apr 30, 2026 Announcement • Nov 24
Appotronics Touts Laser+LCoS as Key to Revolutionizing AR Glasses Experience at LIPA 2025 At the Laser Illuminated Projector Association (LIPA) 2025 annual general meeting, Appotronics detailed the compelling advantages of the laser+LCoS technological route for the future of augmented reality (AR) glasses. James Tian, Senior Business Development Director, delivered a keynote titled "Dare to be the first" before an audience of LIPA members--including industry leaders such as Texas Instruments, Barco, Epson, Panasonic, Nichia, and Christie--as well as academic experts, outlining how this approach addresses core challenges in brightness, efficiency, and form factor. Tian emphasized that as AR glasses evolve from simple information prompts to full-content displays--powered by AI for applications like real-time translation, navigation, and first-person preview--the demand for high-performance optics becomes critical. The laser+LCoS route, leveraging laser's natural polarization and exceptional collimation, eliminates the need for inefficient polarizers and enables a drastically smaller optical engine. This foundation paves the way for displays that are brighter, more efficient, and compact enough for all-day wearability. Following the presentation of this future technology roadmap, Tian introduced Appotronics' current optical engine solution for AR glasses, the Dragonfly G1. The Dragonfly G1 is an ultra-compact, dual-split LCoS optical engine designed for high efficiency and comfort, featuring a volume of just 0.35cc per eye and remarkably low system power consumption. Its unique architecture supports high-efficiency waveguide coupling, enables premium 3D display, allows for elegant and adjustable eyewear designs, and significantly boosts production yield to reduce costs. Announcement • Sep 30
Appotronics Corporation Limited to Report Q3, 2025 Results on Oct 31, 2025 Appotronics Corporation Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Appotronics Corporation Limited to Report First Half, 2025 Results on Aug 30, 2025 Appotronics Corporation Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 30
Appotronics Corporation Limited, Annual General Meeting, May 20, 2025 Appotronics Corporation Limited, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: 32F, No. 8, Xiandong Road, Xili Community, Xili Subdistrict, Nanshan District, Shenzhen, Guangdong China Announcement • Apr 28
Appotronics Corporation Limited Debuts Full-Vehicle Optical System At Shanghai Auto Show At Auto Shanghai 2025, Appotronics unveiled its groundbreaking Lingjing Intelligent Automotive Optical System – a comprehensive solution enabling dynamic projections on any vehicle surface, both interior and exterior, including windshields, dashboards, seats, and windows. The system delivers high-luminance lighting and interactive displays, transforming vehicles into responsive 'digital emotional spaces' that adapt to occupants' needs in real time. The system spans seven key application scenarios, redefining in-vehicle functionality and user experience: Artistic ambient lighting, Rear-seat entertainment with privacy-preserving large-screen projection, Dynamic pathway lighting that conveys mood and context, Boundary-free interactive displays on smart surfaces, Side window interfaces for human-vehicle interaction, ALL-in-ONE laser smart headlights combining illumination and display capabilities. Announcement • Apr 17
Appotronics Corporation Limited (SHSE:688007) announces an Equity Buyback for CNY 20 million worth of its shares. Appotronics Corporation Limited (SHSE:688007) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 20 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 18.50 per share. The repurchased shares will be used for Equity incentive or ESOP. The plan will be valid for 6 months. Announcement • Mar 28
Appotronics Corporation Limited to Report Q1, 2025 Results on Apr 30, 2025 Appotronics Corporation Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Appotronics Corporation Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 Appotronics Corporation Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • Sep 30
Appotronics Corporation Limited to Report Q3, 2024 Results on Oct 19, 2024 Appotronics Corporation Limited announced that they will report Q3, 2024 results on Oct 19, 2024 Reported Earnings • Sep 05
Second quarter 2024 earnings released: CN¥0.052 loss per share (vs CN¥0.13 profit in 2Q 2023) Second quarter 2024 results: CN¥0.052 loss per share (down from CN¥0.13 profit in 2Q 2023). Revenue: CN¥636.4m (up 3.6% from 2Q 2023). Net loss: CN¥33.6m (down 155% from profit in 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Jun 29
Appotronics Corporation Limited to Report First Half, 2024 Results on Aug 17, 2024 Appotronics Corporation Limited announced that they will report first half, 2024 results on Aug 17, 2024 Announcement • May 15
Appotronics Corporation Limited, Annual General Meeting, Jun 03, 2024 Appotronics Corporation Limited, Annual General Meeting, Jun 03, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.03 in 1Q 2023). Revenue: CN¥445.0m (down 3.0% from 1Q 2023). Net income: CN¥44.5m (up 226% from 1Q 2023). Profit margin: 10.0% (up from 3.0% in 1Q 2023). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Mar 29
Appotronics Corporation Limited to Report Q1, 2024 Results on Apr 27, 2024 Appotronics Corporation Limited announced that they will report Q1, 2024 results on Apr 27, 2024 Buy Or Sell Opportunity • Mar 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to CN¥17.88. The fair value is estimated to be CN¥22.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 18%. Revenue is forecast to grow by 79% in 2 years. Earnings are forecast to grow by 228% in the next 2 years. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.26 in FY 2022) Full year 2023 results: EPS: CN¥0.22 (down from CN¥0.26 in FY 2022). Revenue: CN¥2.22b (down 13% from FY 2022). Net income: CN¥102.0m (down 15% from FY 2022). Profit margin: 4.6% (down from 4.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.40, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.42 per share. Announcement • Feb 01
Appotronics Corporation Limited (SHSE:688007) announces an Equity Buyback for CNY 60 million worth of its shares. Appotronics Corporation Limited (SHSE:688007) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The program will be valid for 6 months. Announcement • Dec 30
Appotronics Corporation Limited to Report Fiscal Year 2023 Results on Apr 27, 2024 Appotronics Corporation Limited announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.10 in 3Q 2022). Revenue: CN¥577.4m (down 4.8% from 3Q 2022). Net income: CN¥53.6m (up 18% from 3Q 2022). Profit margin: 9.3% (up from 7.5% in 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Sep 30
Appotronics Corporation Limited to Report Q3, 2023 Results on Oct 27, 2023 Appotronics Corporation Limited announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.059 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.059 in 2Q 2022). Revenue: CN¥614.2m (down 18% from 2Q 2022). Net income: CN¥61.3m (up 118% from 2Q 2022). Profit margin: 10.0% (up from 3.8% in 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jun 28
Appotronics Corporation Limited to Report First Half, 2023 Results on Aug 18, 2023 Appotronics Corporation Limited announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.04 in 1Q 2022). Revenue: CN¥459.0m (down 13% from 1Q 2022). Net income: CN¥13.7m (down 24% from 1Q 2022). Profit margin: 3.0% (down from 3.4% in 1Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Board Change • Mar 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director YC Chen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.