The advanced laser phosphor display (ALPD) technology developed by the company jointly established by China Film Group Corporation and Shenzhen Appotronics Corporation have been applied in more than a hundred film screens, the joint-venture announced at the 2015 C+ Summit on Wednesday.
Analysts believe the ALPD technology is likely to dominate the film industry with the high image quality and low operating costs. In fact, some cinemas of Wanda Cinema Line Co., Ltd (002739.SZ) and China Film Group have already adopted the ALPD technology.
China's movie industry experienced fast growth in the past decade and the trend is expected to continue. Analysts predict the number of film screens in China would reach 73,000 by 2020 and the market of ALPD screens may top 10 billion yuan.
Several A-share listed companies have entered the area. Shenzhen Division Video Communication Co., Ltd (300167.SZ) and Hisense Electric Co., Ltd (600060.SH) have developed laser display products, and it is expected to benefit their performance in the future.
Moreover, relative A-share listed companies also include Guagong Tech Co., Ltd (000998.SH), Han's Laser Technology Industry Group Co., Ltd (000208.SZ), Wuhan Golden Laser Co., Ltd. (300220.SZ) and Lida Optical & Electronic Co., Ltd (002189.SZ).
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