Truly Opto-Electronics

What Truly Opto-Electronics does

Truly Opto-Electronics (信利光电股份有限公司) is a Chinese optoelectronics contract manufacturer established as a subsidiary of Truly International (HKEx: 0732) in 2008 and restructured as a joint-stock company in May 2013 in preparation for a domestic A-share listing. The company designs and produces display and imaging components — capacitive touch screens, micro camera modules, integrated touch modules, fingerprint recognition modules, and TFT-LCD and AMOLED displays — for global smartphone OEMs (OPPO, vivo, Xiaomi, Samsung, BBK), automotive Tier-1 suppliers and OEMs (Continental, Delphi, Visteon, Mobis, Bosch, BMW), and medical/industrial customers such as Mindray. Operations span four production sites in China (Shanwei HQ, Huizhou, Shanwei Hongcao, Renshou in Sichuan) with sales reach into Japan and Korea, anchored by a 30,000-employee workforce at Truly Industrial City.

Its core technology stack spans TFT and AMOLED display fabrication, OGS capacitive touch patterning, precision optical assembly via proprietary AA alignment, and "Magic Glass" cover-glass processing. Annual production capacity exceeds 165 million camera modules, 102 million integrated touch modules, and 90 million touch panels — scale that underpins a B2B contract-manufacturing model monetized through multi-year, qualification-gated supply agreements rather than direct consumer pricing. Vertical integration is reinforced through a strategic stake in Fuyuan Precision Coating for cover glass and upstream coating, and an R&D partnership with Hong Kong's ASTRI.

Revenue grew approximately 67% year-over-year from 12.4 billion HKD in 2012 to 20.7 billion HKD (~$2.67B USD) in 2013, after which disclosed segment financials thin but capacity expansion (Huizhou AMOLED in 2016; Renshou 5G/6G in 2017) and a 300 million RMB state-guided capital raise from Guangdong Science and Technology Caixin in May 2019 signal continued investment-led scaling toward higher-ASP display formats and an automotive diversification pivot beyond the Chinese smartphone core.

Name

Truly Opto-Electronics

Legal name

信利光电股份有限公司

Website

https://trulyopto.com

Company type

Private

Founded year

2008

Operating status

Operating

Short description

Truly Opto-Electronics designs and manufactures capacitive touch screens, micro camera modules, integrated touch modules, fingerprint sensors, and AMOLED displays for global smartphone OEMs (OPPO, vivo, Xiaomi, Samsung) and automotive Tier-1s and OEMs (Continental, Delphi, Visteon, Bosch, BMW), operating four Chinese production sites with annual capacity exceeding 165 million camera modules.

Ownership category

akta.pro rank

Product category

Optoelectronic Components and Display Modules

NAICS

Semiconductor and Other Electronic Component Manufacturing (33441)

SIC

Electronic Components & Accessories (3670)

akta.pro primary industry

Smartphone Components & Modules (Displays, Cameras, Batteries, Sensors, RF modules) (CRACALAD)

akta.pro secondary industries

Smartphone & Feature Phone ODM/OEM Manufacturing (Contract Manufacturing) (CRACALAB), Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF)

Keywords

• Capacitive touch panels
• Micro camera modules
• AMOLED displays
• Fingerprint sensor modules
• Automotive display modules

Headquarters

HQ city

Guangdong

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Display and Touch Module Sales: Revenue from manufacturing and selling touch display modules, integrated touch modules, TFT-LCD displays, AMOLED displays, and related components to smartphone, automotive, and industrial customers.
2. Camera Module Sales: Revenue from selling微型摄像模组 (camera modules) using COB and CSP technologies, ranging from low megapixel to 21-megapixel modules, for smartphones, tablets, automotive, medical, and security applications.
3. Fingerprint Sensor Module Sales: Revenue from manufacturing and selling fingerprint recognition modules for smartphones and industrial control applications.
4. Precision Glass Components: Revenue from specialized glass components including magic glass, reinforced glass panels, and glass盖板 for smartphones and automotive applications.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Truly Opto-Electronics manufactures and sells capacitive touch panels (OGS and film-based), micro camera modules (COB and CSP, up to 21MP), integrated touch-display modules, fingerprint recognition modules, AMOLED displays, and precision glass components for smartphone OEMs, automotive Tier-1 suppliers, and industrial/medical device manufacturers. The company operates as a vertically integrated one-stop supplier covering the full touch-display-camera value chain from upstream glass processing and vacuum coating to downstream module assembly and full lamination.

Product overview

Truly Opto-Electronics (信利光电股份有限公司) is a comprehensive display and electronics manufacturer offering a diverse portfolio of optoelectronic products. The core product lines include capacitive touch screens (OGS and film-based), micro camera modules (COB and CSP technologies up to 21MP), integrated touch modules, fingerprint recognition modules, and AMOLED displays. These are complemented by specialized offerings such as Magic Glass with color-changing properties, dual camera modules, transparent OLED displays, curved touch displays, automotive camera modules with surround view systems, heads-up displays (HUD), wireless chargers, and advanced inspection systems developed with research partners. The company serves smartphones, automotive, industrial, medical, and wearable device markets with one-stop solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Capacitive Touch Screen (电容式触摸屏) Capacitive touch panels including OGS (One Glass Solution) and film-based capacitive touch screens used in smartphones, tablets, and other smart devices.
• Micro Camera Module (微型摄像模组)

Quantifiable outcome

• Revenue grew from 124 billion HKD (2012) to 207 billion HKD (2013), a 67% year-over-year increase
• +3 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature15 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Hong Kong Applied Science and Technology Research Institute (香港应科院)coreStrategic or Co-development Partner · 1 June 2015Established 'ASTRI-Truly Joint R&D Center' for multiple industry collaboration projects including: Intelligent HUD, Memory LCD, automated visual inspection (AOI), smart rearview mirror, automotive cameras, smartphone dual autofocus and OIS cameras. Ceremony held June 1, 2015 at Hong Kong Science Park. Joint development of 'Cover Glass and Touch Panel Glass Automatic Defects Inspection System' won 2016 Hong Kong Industry Award.
• Sunpartner Technologies (法国)minorStrategic or Co-development Partner · 5 May 2015Joint development agreement to integrate Wysips Crystal photovoltaic thin film technology into display modules for smart watches. The transparent solar film enables battery charging from ambient light without affecting display aesthetics. Six-month development phase followed by mass production licensing negotiations.
• Fuyuan Precision Coating (富元精密镀膜, 台湾)coreStrategic or Co-development Partner · 28 June 2013Truly invested NT$59 million (~USD 2 million) for 5.79% equity stake in Fuyuan Precision Coating, gaining access to ~50% capacity of their 3.5G OGS capacitive touch sensor production line (~4.5-inch monthly capacity of 1.4 million pieces). Fuyuan's 3.5G line area is 2x larger than 2.5G, providing 4x actual capacity increase. This secured stable OGS supply for Truly's touch panel production.
• MediaTek (联发科)coreStrategic or Co-development Partner · 29 August 2012Truly partnered with MediaTek to provide complete naked-eye 3D solutions compatible with MediaTek smartphone chipsets. MediaTek provided MTK-tested and certified 3D samples and functional software. Customers using MediaTek chips could access Truly's 3D hardware and support directly.
• NexusChips (韩国)minorStrategic or Co-development Partner · 29 August 2012NexusChips provided 3D graphics chips, asymmetric 3D camera ICs, and 2D-to-3D game conversion software for Truly's naked-eye 3D smartphone solutions.
• MasterImage 3D (美国)coreTechnology or Integration · 22 August 2012MasterImage 3D granted Truly a 'Cell-Matrix Parallax Barrier' technology license for developing naked-eye stereoscopic 3D LCD display modules. Applied in smartphones, tablets, automotive, industrial, and consumer electronics. This partnership enabled Truly to offer one-stop naked-eye 3D solutions combining displays, 3D cameras, capacitive touch, and full lamination.

Scale indicators6 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Tianma Microelectronics: Chinese display panel maker specializing in small-to-medium size LCD and AMOLED panels for smartphones, automotive, and industrial applications—closely comparable to Truly's display business with overlapping smartphone OEM customers.
• Sunny Optical Technology: Leading Chinese manufacturer of optical components and camera modules for smartphones, automotive, and IoT—directly competing with Truly in micro camera modules, lens assemblies, and handset optics supplied to the same Chinese smartphone OEMs.
• O-Film Tech: Chinese optoelectronics manufacturer of touch panels, camera modules, fingerprint sensors, and smart automotive modules—directly comparable to Truly across nearly every product line including touch displays, CCM, biometrics, and automotive HMI.
• Holitech Technology: Chinese ODM producing touch panels, camera modules, fingerprint sensors, and integrated display modules—competes head-to-head with Truly on smartphone component modules supplied to mid-range Chinese handset brands.
• Q Technology (China): Chinese camera module manufacturer serving major smartphone OEMs—directly comparable to Truly's micro camera module business, both focusing on COB/CSP packaging and supplying Chinese handset brands.

Broad incumbents

• BOE Technology Group: China's largest display panel manufacturer producing TFT-LCD and AMOLED panels at scale for smartphones, automotive, and IT—a much larger incumbent competing with Truly on display panels and integrated modules, with far greater AMOLED capacity.
• LG Display: Major Korean display panel manufacturer producing TFT-LCD and OLED panels—competes with Truly in premium display panels and integrated modules, particularly for automotive displays and AMOLED panels where both serve global OEMs.
• CSOT (China Star Optoelectronics Technology): TCL-affiliated Chinese display panel manufacturer with growing LCD and AMOLED capacity—a larger incumbent competing with Truly in display panels for smartphones and TVs.
• AU Optronics (AUO): Taiwanese display panel manufacturer producing TFT-LCD and AMOLED panels for smartphones, automotive, and IT—overlapping with Truly's display business particularly in automotive and integrated touch modules (joint project with BBK's first 6-inch WQHD phone).

Regional players

• Primax Electronics: Taiwanese electronics manufacturer producing camera modules, touch panels, and integrated optoelectronic components for smartphones and PCs—comparable product portfolio to Truly, primarily serving Taiwanese and global ODM customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Truly Opto-Electronics