A sub-pixel structure includes: a first functional layer and a second functional layer which are oppositely arranged, a conductive structure therebetween, and a plurality of electrodes on at least one side of the first functional layer. The first functional layer includes an insulating region, the second functional layer includes a target light-shielding region and a target light-transmitting region, orthographic projections of both the conductive structure and the target light-transmitting region on the first functional layer are partial regions of the insulating region, and orthographic projections of the plurality of electrodes on the first functional layer are outside the insulating region; and the conductive structure is configured to move in the insulating region under the action of voltages loaded on the plurality of electrodes to adjust a luminous flux of light emitted from the target light-transmitting region.