A display substrate, including: a flexible base substrate, a display structure layer, and a color filter layer. The flexible base substrate comprises: a first display region. The first display region comprises: at least one sub-display region and at least one light-transmissive region. The display structure layer comprises a plurality of first light-emitting units disposed on a flexible base substrate of the sub-display region. The color filter layer is arranged on a light exit side of the display structure layer and the at least one light-transmissive region. A color filter layer of the at least one light-transmissive region comprises a plurality of blue filter units, or a color filter layer of the at least one light-transmissive region includes: first red filter units, first green filter units, and first blue filter units which are periodically arranged.