HK Stock Market Move | APT ELECTRONICS (02551) rises by over 7%, expected to increase net profit by no less than 40% year-on-year last year.

APT Electronics (02551) rose by over 7% again, rising by 7.57% to HK$4.55 as of the time of writing, with a trading volume of HK$12.681 million. On the news front, Crystal Electronics announced good earnings yesterday, with a net profit not less than 93 million RMB for the fiscal year ending December 31, 2024, an increase of not less than 40% year-on-year; and an adjusted net profit of not less than 130 million RMB, an increase of not less than 70% year-on-year. This is mainly due to the strategic transformation from a traditional LED manufacturer to a smart visual product and system provider with advanced "LED+" technology, as well as the rapid growth in sales of automotive smart visual products such as automotive-grade LED devices and modules, leading to a significant increase in group profits, along with the "Promotion of large-scale equipment renewal and consumer goods trade-in action plan" driving overall sales.