HK Stock Market Move | APT ELECTRONICS (02551) rebounds over 8%, focusing on LED smart vision business, with nearly 40% of revenue coming from the Geely Group.

APT ELECTRONICS (02551) rebounded by more than 8%, following a drop of nearly 13% yesterday. As of the time of writing, it rose by 8.71%, reaching HKD 4.99, with a turnover of HKD 30.6664 million. It is reported that Guangdong Jinko Electronics is a leading provider of intelligent visual products and system solutions integrating "LED +" technology in China, and is also a candidate supplier for the "Geely Group" automobile production line. According to data from Zhoushi Consultancy, based on revenue, the company ranks third among domestic device and module manufacturers in China's high-end lighting industry, and fifth among all device and module manufacturers in the industry, with a market share of 5.3% in 2023. Jinko Electronics' growth in the automotive intelligent visual business is largely dependent on Geely Group companies. Financial data shows that from 2021 to 2023, and the first five months of 2024, Jinko Electronics' revenue from Geely Group companies increased from 50.6 million yuan to 706 million yuan, with the revenue proportion rising from 3.6% to 38.8%.