光峰科技：2023年第三季度报告(英文版)
Stock Code: 688007 Stock Short Name: Appotronics
Appotronics Corporation LimitedThe Third Quarter Report in 2023
The Board of Directors and all the directors of the Company warrant that theinformation contained in this Report is free from any misrepresentation, misleadingstatement or material omission, and agree to assume the liability for the truth, accuracy andcompleteness of this Report according to the law.
Important note:
The Board of Directors, the Board of Supervisors, directors, supervisors and senior officers of theCompany hereby warrant that the information contained in this Quarter Report is true, accurate andcomplete and this Report is free from any misrepresentation, misleading statement or major omission, andagree to assume joint and several liability for this Quarter Report.The Principal of the Company, Chief Accountant and Person in Charge of the Accounting Body (ChiefAccountants) warrant the information presented in the financial statements in this Quarter Report is true,accurate and complete.Whether the third quarter financial statements have been audited
□ Yes √ No
本报告为深圳光峰科技股份有限公司自愿披露的《2023年第三季度报告（英文版）》，对本报告的中英文版本理解上发生歧义时，以中文版本为准。This is the Third Quarter Report in 2023 (English version) voluntarily disclosed by AppotronicsCorporation Limited. In the event of any discrepancy between the English and Chinese versions of thisreport, the Chinese version shall prevail.
I. Main financial dataMain accounting data and financial indicators
Unit: Yuan Currency: RMB
| Item | During the reporting period | Change on a year-on-year basis (%) | From the beginning of the year to the end of the reporting period | Change on a year-on-year basis (%) |
| Operating income | 577,380,260.71 | -4.80 | 1,650,629,298.46 | -12.00 |
| Net profit attributable to shareholders of the listed company | 53,644,544.29 | 18.19 | 128,559,185.24 | 40.72 |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss | 42,267,983.59 | 31.39 | 76,496,823.20 | 41.20 |
| Net cash flow from operating activities | N/A | N/A | 208,932,567.64 | 1,762.17 |
| Basic earnings per share (RMB/share) | 0.12 | 20.00 | 0.28 | 40.00 |
| Diluted earnings per share (RMB/share) | 0.12 | 20.00 | 0.28 | 40.00 |
| Weighted average return on net assets (%) | 1.93 | +0.15 percentage points | 4.72 | +1.08 percentage points |
| Total R&D investments | 68,441,192.32 | 15.44 | 194,847,334.44 | 11.82 |
| Proportion of R&D expenses to operating income (%) | 11.85 | +2.07 percentage points | 11.80 | +2.51 percentage points |
| At the end of the reporting period | At the end of the prior year | Changes at the end of the reporting period from the end of the prior year (%) | ||
| Total assets | 4,305,528,862.78 | 4,333,350,260.15 | -0.64 | |
| Owners’ equity attributable to shareholders of the listed company | 2,830,415,789.01 | 2,647,663,487.59 | 6.90 | |
Note: The term “reporting period” refers to a period of three months from the beginning of this quarterto the end of this quarter, same as below.Items and amounts of non-recurring profit or loss
Unit: Yuan Currency: RMB
| Item | Amount for the reporting period | Amount from the beginning of the year to the end of the reporting period | Description |
| Profit or loss from disposal of non-current assets | -109,829.18 | -325,962.05 | |
| Government grants recognized in profit or loss for the current period (excluding government grants that are closely related to the business of the Company and are provided in fixed amount or quantity continuously according to the applicable polices and standards of the country) | 2,385,718.12 | 35,584,533.69 | |
| Profit or loss on entrusted investments or assets management | 2,645,606.78 | 7,844,315.33 | |
| Net profit or loss of subsidiaries from the beginning of the period up to the business combination date recognized as a result of business combination of enterprises involving enterprises under common control | 7,247,100.38 | 22,171,089.58 | |
| Profit or loss on changes in the fair value of held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities and derivative financial liabilities, and investment income on disposal of held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, derivative financial liabilities and other debt investments, other than those used in the effective hedging activities relating to normal operating business | 67,000.00 | ||
| Reversal of impairment loss on accounts receivable and contract assets tested for impairment individually | 69,851.05 | ||
| Other non-operating income and expenses | 93,546.94 | 108,027.87 | |
| Other gains or losses meeting the definition of non-recurring profit or loss | 34,051.66 | 476,112.73 | |
| Less: Effect of income taxes | 716,894.13 | 4,185,991.02 | |
| Effects attributable to minority interests (net of tax) | 202,739.87 | 9,746,615.14 | |
| Total | 11,376,560.70 | 52,062,362.04 |
Description of defining non-recurring profit or loss items illustrated in Information Disclosure andPresentation Rules for Companies Making Public Offering of Securities No. 1 - Non-recurring Profit orLoss as recurring profit or loss items
□ Applicable √ N/A
Description of and reasons for changes in the main accounting data and financial indicators
√ Applicable □ N/A
| Item | Change (%) | Main reason |
| Net profit attributable to shareholders of the listed company _ from the beginning of the year to the end of the reporting period | 40.72 | Primarily due to changes in the income structure in the first three quarters, in which the gross profit margin increased by 6.72 percentage points. |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss _ from the beginning of the year to the end of the reporting period | 41.20 | Primarily due to changes in the income structure in the first three quarters, in which the gross profit margin increased by 6.72 percentage points. |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss _ the reporting period | 31.39 | Primarily due to changes in the income structure during the reporting period, which lead to the increase in the gross profit margin and decrease in period expenses. |
| Net cash flow from operating activities _ from the beginning of the year to the end of the reporting period | 1,762.17 | Primarily due to the optimized supply chain management, decreased payment for procurement, and net recovery of security deposits during the reporting period. |
| Basic earnings per share _ from the beginning of the year to the end of the reporting period | 40.00 | Primarily due to the increase in net profit attributable to shareholders of the listed company for the first three quarters. |
| Diluted earnings per share _ from the beginning of the year to the end of the reporting period | 40.00 | Primarily due to the increase in net profit attributable to shareholders of the listed company for the first three quarters. |
Analysis of business operation during the reporting period
During the reporting period, the Company continued its focus on the ALPD
?semiconductor laserlight source technology and architecture to solidify the long-term development trend of resilient businessand high-quality growth. For the first three quarters of 2023, the Company achieved the operatingincome of RMB 1,651 million; the net profit attributable to the parent company of RMB 129 million,increased by 40.72% year on year; and the overall gross profit margin of the Company was 38.12%, anincrease of 6.72 percentage points year on year; and the net cash flow from operating activities of RMB209 million, greatly increased by RMB 198 million year on year and reflecting the stable overalldevelopment.In the third quarter of 2023, the Company received more nominations for its business of automotive
core components, which continued the release of its technical advantages, and continued optimizationefforts at the request of customers to complete tasks for product development, verification, and delivery.Thanks to the fully recovery of the film market, the business of cinema core components continued itsstrong recovery. The dedicated display business continued the stable development. The householdbusiness, under the circumstance of prudent consumption of the public, experienced a weakconsumption demand on the market, hence becoming the main reason for the pressure on the businessincomes of the Company. The operating highlights of the Company during the reporting period include:
1. Business of automotive core components
During the reporting period, the Company received the Development Nomination Letter fromHasco Vision Technology (Shanghai) Co., Ltd., in which the Company has been designated as itssupplier for automotive optics solutions to provide PGU display module products. This indicates a newbreakthrough achieved by the Company in the AR-HUD field to provide consumers with better assisteddriving experience.In the field of automotive optics, the Company has released multiple solutions for three majorapplication directions, namely AR-HUD, laser headlights, and automotive display, which achieved stableoperation of the light generators as the core component and the PGU under the high-temperatureworking environment of the cockpit while being compatible with freeform surface modeling and waveguide, hence producing the advantages of smaller size, higher brightness, and greater efficiency.
The Company has insisted on independent innovation and making R&D investments in the businessof automotive core components to maintain its head start advantages in the field of automotive opticstechnologies. In the third quarter of 2023, the Company had 22 new patents granted and applicationsfiled for automotive optics technologies; as of September 30, 2023, we have a total of 191 patents forautomotive optics technologies granted and filed, an increase by 39.41% year on year.
2. Business of cinema core components
While the high-quality films of diversified subjects shown one after the other met the diversifieddemands of audience, the domestic film market became active, especially in the summer holiday of 2023,which reached a record high box office. Thanks to the film market conditions above, our business ofcinema projection services continued the high-growth trend in the first three quarters of 2023, whichcontinuously improved our core indicators including the overall profitability, cash flow, etc.
Relying on the energy-efficient ALPD
?semiconductor laser light source technologies and profoundaccumulation in the film industry, we continued our efforts on the domestic cinema market. In the thirdquarter of 2023, we achieved the new installation of nearly 500 leased light sources; as of September 30,2023, over 29,000 sets of ALPD
?laser light source projection solutions have been installed throughoutChina, which continued the high-quality development of the business of cinema projection services.
II. Shareholder informationTable of total number of ordinary shareholders and preferred shareholders with resumed voting right aswell as shareholding status of top 10 shareholders
Unit: Share
| Total number of ordinary shareholders as of the end of the reporting period | 14,162 | Total number of preferred shareholders with resumed voting right during the reporting period (if any) | N/A | ||||
| Shareholding status of top 10 shareholders | |||||||
| Shareholder name | Shareholder nature | Number of shares held | Proportion of shareholding (%) | Number of restricted shares held | Number of restricted shares held, including the shares lent out under the refinancing arrangement | Shares pledged, marked or frozen | |
| Share status | Quantity | ||||||
| Shenzhen Appotronics Holdings Limited | Domestic non-state owned legal person | 79,762,679 | 17.32 | 0 | 0 | None | - |
| Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP) | Domestic non-state owned legal person | 24,139,500 | 5.24 | 0 | 0 | None | - |
| Nantong Strait Appotronics Investment Partnership (LP) | Domestic non-state owned legal person | 22,780,329 | 4.95 | 0 | 0 | None | - |
| Shenzhen Appotronics Daye Investment Partnership (LP) | Domestic non-state owned legal person | 20,430,250 | 4.44 | 0 | 0 | None | - |
| Shenzhen Appotronics Hongye Investment Partnership (LP) | Domestic non-state owned legal person | 15,662,374 | 3.40 | 0 | 0 | None | - |
| Shenzhen Jinleijing Investment Limited Partnership (LP) | Domestic non-state owned legal person | 12,353,106 | 2.68 | 0 | 0 | None | - |
| Shenzhen Appotronics Chengye Consulting Partnership (LP) | Domestic non-state owned legal person | 10,394,846 | 2.26 | 0 | 0 | None | - |
| Bank of China Co., Ltd. - YFD Stable Income Bond Securities Investment Fund | Others | 10,376,275 | 2.25 | 0 | 0 | None | - |
| LUO Xiaobin | Domestic natural person | 7,298,404 | 1.59 | 0 | 0 | None | - |
| Industrial Bank Co., Ltd. - Tianhong Yongli Bond Securities Investment Fund | Others | 6,926,775 | 1.50 | 0 | 0 | None | - |
| Shareholding status of top 10 unrestricted shareholders | |||||||
| Shareholder name | Quantity of unrestricted outstanding shares held | Type and quantity of shares | |||||
| Type | Quantity | ||||||
| Shenzhen Appotronics Holdings Limited | 79,762,679 | RMB-denominated ordinary share | 79,762,679 | ||||
| Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP) | 24,139,500 | RMB-denominated ordinary share | 24,139,500 | ||||
| Nantong Strait Appotronics Investment Partnership (LP) | 22,780,329 | RMB-denominated ordinary share | 22,780,329 | ||||
| Shenzhen Appotronics Daye Investment Partnership (LP) | 20,430,250 | RMB-denominated ordinary share | 20,430,250 | ||||
| Shenzhen Appotronics Hongye Investment Partnership (LP) | 15,662,374 | RMB-denominated ordinary share | 15,662,374 | ||||
| Shenzhen Jinleijing Investment Limited Partnership (LP) | 12,353,106 | RMB-denominated ordinary share | 12,353,106 | ||||
| Shenzhen Appotronics Chengye Consulting Partnership (LP) | 10,394,846 | RMB-denominated ordinary share | 10,394,846 | ||||
| Bank of China Co., Ltd. - YFD Stable Income Bond Securities Investment Fund | 10,376,275 | RMB-denominated ordinary share | 10,376,275 | ||||
| LUO Xiaobin | 7,298,404 | RMB-denominated ordinary share | 7,298,404 | ||||
| Industrial Bank Co., Ltd. - Tianhong Yongli Bond Securities Investment Fund | 6,926,775 | RMB-denominated ordinary share | 6,926,775 | ||||
| Affiliates or concert parties among the shareholders stated above | 1. As of September 30, 2023, the following entities in top 10 shareholders of the Company constituted person acting in concert: Shenzhen Appotronics Holdings Co., Ltd., Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP), Shenzhen Appotronics Daye Investment Partnership (LP), Shenzhen Appotronics Hongye Investment Partnership (LP), Shenzhen Jinleijing Investment Limited Partnership (LP), and Shenzhen Appotronics Chengye Consulting Partnership (LP). 2. Except for the above, we are not aware of whether there are affiliates or concert parties as defined in the Administrative Measures for the Acquisition of the Listed Companies among other shareholders. |
| Description of margin trading, short selling, and refinancing involving top 10 shareholders and top 10 holders of non-restricted shares | N/A |
III. Other remindersOther important information related to the Company’s business operation that investors are requested topay attention to during the reporting period
√ Applicable □ N/A
During the reporting period, details of petition for invalidation involving the Company are stated asbelow:
1. As of the end of the reporting period, the Company have initiated a total of 3 invalidationpetitions against the patents held by Delta Electronics, Inc., and China National Intellectual PropertyAdministration has declared all the patents under the invalidation petitions above invalid.
2. As of the end of the reporting period, 1 invalidation petition has been initiated against a patentheld by the Company, involving the patent “phosphor layer, component and corresponding light sourceand projection system, and corresponding production method” (patent No.: ZL201510420950.4); ChinaNational Intellectual Property Administration has decided that the patent shall be sustained.
IV. Quarter financial statements(I) Audit opinion
□ Applicable √ N/A
(II) Financial statements
Consolidated Balance Sheet
September 30, 2023Prepared by: Appotronics Corporation Limited
Unit: Yuan Currency: RMB, Unaudited
| Item | September 30, 2023 | December 31, 2022 |
| Current Assets: | ||
| Monetary funds | 1,324,028,949.45 | 1,355,882,208.63 |
| Balances with clearing agencies | ||
| Placements with banks and other financial institutions | ||
| Held-for-trading financial assets | 512,880,000.00 | 352,880,000.00 |
| Derivative financial assets | ||
| Notes receivable | 4,878,319.74 | 2,234,687.77 |
| Accounts receivable | 199,038,929.76 | 208,260,235.79 |
| Receivables financing | 5,419,150.00 | 4,279,041.00 |
| Prepayments | 34,389,091.93 | 48,445,976.86 |
| Premiums receivable | ||
| Amounts receivable under reinsurance contracts | ||
| Reinsurer’s share of insurance contract reserves | ||
| Other receivables | 27,004,516.64 | 26,331,721.55 |
| Including: Interest receivable | ||
| Dividend receivable | 14,216,004.00 | 13,789,908.00 |
| Financial assets purchased under resale agreements | ||
| Inventories | 755,090,295.10 | 865,639,961.79 |
| Contract assets | 1,796,634.65 | 1,061,581.35 |
| Held-for-sale assets | ||
| Non-current assets due within 1 year | 38,476,429.79 | 13,431,554.82 |
| Other current assets | 90,695,468.40 | 106,502,611.79 |
| Total current assets | 2,993,697,785.46 | 2,984,949,581.35 |
| Non-current Assets: | ||
| Loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | 29,355,813.40 | 11,524,193.80 |
| Long-term equity investments | 149,480,326.31 | 162,394,917.57 |
| Investment in other equity instruments | 7,075,419.38 | 7,075,419.38 |
| Other non-current financial assets | ||
| Investment properties | ||
| Fixed assets | 354,463,024.21 | 427,539,718.53 |
| Construction in progress | 328,713,619.78 | 278,978,057.73 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 47,725,408.15 | 62,255,670.29 |
| Intangible assets | 282,850,835.71 | 290,341,693.08 |
| Development expenditure | ||
| Goodwill | ||
| Long-term prepaid expenses | 7,603,183.41 | 5,990,984.03 |
| Deferred tax assets | 84,073,372.27 | 89,730,936.02 |
| Other non-current assets | 20,490,074.70 | 12,569,088.37 |
| Total non-current assets | 1,311,831,077.32 | 1,348,400,678.80 |
| Total assets | 4,305,528,862.78 | 4,333,350,260.15 |
| Current Liabilities: | ||
| Short-term borrowings | 90,062,183.34 | 129,589,634.03 |
| Loans from the central bank | ||
| Taking from banks and other financial institutions | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 79,941,708.13 | 201,299,388.57 |
| Accounts payable | 279,193,280.25 | 276,845,321.28 |
| Receipts in advance | 102,001,516.53 | 113,834,728.10 |
| Contract liabilities | 49,214,950.76 | 37,285,920.43 |
| Financial assets sold under repurchase agreements | ||
| Customer deposits and deposits from banks and other financial institutions | ||
| Funds from securities trading agency | ||
| Funds from underwriting securities agency | ||
| Employee benefits payable | 34,961,626.35 | 58,470,960.55 |
| Taxes payable | 9,809,349.51 | 8,272,768.90 |
| Other payables | 49,911,900.09 | 56,662,357.08 |
| Including: Interest payable | ||
| Dividend payable | ||
| Fees and commissions payable | ||
| Amounts payable under reinsurance contracts | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within 1 year | 210,494,864.67 | 178,031,817.37 |
| Other current liabilities | 10,597,473.02 | 28,383,608.37 |
| Total current liabilities | 916,188,852.65 | 1,088,676,504.68 |
| Non-current Liabilities: | ||
| Insurance contract reserves | ||
| Long-term borrowings | 463,601,985.45 | 403,720,542.45 |
| Bonds payable | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Lease liabilities | 21,151,932.84 | 34,319,284.23 |
| Long-term payables | ||
| Long-term employee benefits payable | ||
| Provisions | 58,428,728.62 | 56,463,882.87 |
| Deferred income | 5,629,181.12 | 8,651,422.26 |
| Deferred tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 548,811,828.03 | 503,155,131.81 |
| Total liabilities | 1,465,000,680.68 | 1,591,831,636.49 |
| Owners’ Equity (Shareholders’ Equity): | ||
| Paid-in capital (or share capital) | 460,406,538.00 | 457,107,538.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 1,602,825,858.58 | 1,530,752,116.04 |
| Less: Treasury shares | 19,377,297.59 | 19,377,297.59 |
| Other comprehensive income | 9,192,476.98 | 5,736,897.41 |
| Special reserve | ||
| Surplus reserve | 75,519,782.06 | 75,519,782.06 |
| General risk reserve | ||
| Retained profits | 701,848,430.98 | 597,924,451.67 |
| Total owners’ (or shareholders’) equity attributable to owners of the parent company | 2,830,415,789.01 | 2,647,663,487.59 |
| Minority interests | 10,112,393.09 | 93,855,136.07 |
| Total owners’ (or shareholders’) equity | 2,840,528,182.10 | 2,741,518,623.66 |
| Total liabilities and owners’ (or shareholders’) equity | 4,305,528,862.78 | 4,333,350,260.15 |
Principal of the Company: LI Yi Chief Accountant: WANG Yingxia Person in Charge of theAccounting Body: WANG Yingxia
Consolidated Income StatementJanuary - September 2023Prepared by: Appotronics Corporation Limited
Unit: Yuan Currency: RMB, Unaudited
| Item | The first three quarters in 2023 (Jan. - Sep.) | The first three quarters in 2022 (Jan. - Sep.) |
| I. Total operating income | 1,650,629,298.46 | 1,875,806,319.07 |
| Including: Operating income | 1,650,629,298.46 | 1,875,806,319.07 |
| Interest income | ||
| Premiums earned | ||
| Fee and commission income | ||
| II. Total operating costs | 1,542,669,966.99 | 1,818,361,563.44 |
| Including: Operating costs | 1,021,366,808.39 | 1,286,752,064.01 |
| Interest expenses | ||
| Fee and commission expenses | ||
| Surrenders | ||
| Claims and policyholder benefits (net of amounts recoverable from reinsurers) | ||
| Net withdrawal of insurance contract reserves | ||
| Insurance policyholder dividends | ||
| Expenses for reinsurance accepted | ||
| Taxes and surcharges | 5,858,273.15 | 8,705,987.65 |
| Selling expenses | 218,998,049.76 | 200,257,568.83 |
| Administrative expenses | 119,450,993.66 | 163,525,277.50 |
| R&D expenses | 194,847,334.44 | 174,246,551.26 |
| Financial expenses | -17,851,492.41 | -15,125,885.81 |
| Including: Interest expense | 13,151,617.07 | 18,844,776.16 |
| Interest income | 24,619,974.59 | 10,707,361.63 |
| Add: Other income | 30,947,993.55 | 27,706,973.61 |
| Investment income (loss is indicated by “-”) | -4,775,953.81 | 13,360.80 |
| Including: Income from investments in associates and joint ventures | -12,687,269.14 | -9,299,223.08 |
| Gains from derecognition of financial assets at amortized assets | ||
| Foreign exchange gains (loss is indicated by “-”) | ||
| Gains from net exposure hedges (loss is indicated by “-”) | ||
| Gains from changes in fair values (loss is indicated by “-”) | -2,009,000.00 | |
| Losses of credit impairment (loss is indicated by “-”) | -8,626,426.92 | 3,912,023.56 |
| Impairment losses of assets (loss is indicated by “-”) | -37,160,710.01 | -27,117,996.54 |
| Gains from disposal of assets (loss is indicated by “-”) | 67,005.93 | 123,037.54 |
| III. Operating profit (loss is indicated by “-”) | 88,411,240.21 | 60,073,154.60 |
| Add: Non-operating income | 9,564,777.53 | 501,785.71 |
| Less: Non-operating expenses | 849,717.64 | 2,038,616.70 |
| IV. Total profits (total losses are indicated by “-”) | 97,126,300.10 | 58,536,323.61 |
| Less: Income tax expenses | 22,251,378.07 | 22,417,671.57 |
| V. Net profits (net losses are indicated by “-”) | 74,874,922.03 | 36,118,652.04 |
| (I) Categorized by the continuity of operation | ||
| 1. Net profits from continuing operations (net losses are indicated by “-”) | 74,874,922.03 | 36,118,652.04 |
| 2. Net profits from discontinued operations (net losses are indicated by “-”) | ||
| (II) Categorized by the ownership | ||
| 1. Net profits attributable to shareholders of the parent company (net losses are indicated by “-”) | 128,559,185.24 | 91,356,217.12 |
| 2. Profits or losses attributable to minority shareholders (net losses are indicated by “-”) | -53,684,263.21 | -55,237,565.08 |
| VI. Other comprehensive income, net of tax | 2,177,529.31 | 19,825,712.36 |
| (I) Other comprehensive income that can be attributable to owners of the parent company, net of tax | 3,455,579.57 | 20,714,964.79 |
| 1. Other comprehensive income that cannot be reclassified subsequently to profit or loss | ||
| (1) Changes from remeasurement of defined benefit plans | ||
| (2) Other comprehensive income that cannot be reclassified to profit or loss under the equity method | ||
| (3) Changes in fair value of investments in other equity instruments | ||
| (4) Changes in fair value of enterprises’ own credit risks | ||
| 2. Other comprehensive income that will be reclassified to profit or loss | 3,455,579.57 | 20,714,964.79 |
| (1) Other comprehensive income that will be reclassified to profit or loss under the equity method | -5,564,055.75 | -17,884,048.14 |
| (2) Changes in fair value of other debt investments | ||
| (3) Amount of financial assets reclassified to other comprehensive income | ||
| (4) Provision for credit impairment of other debt investments | ||
| (5) Reserve for cash flow hedges | ||
| (6) Exchange differences on translation of financial statements denominated in foreign currencies | 9,019,635.32 | 38,599,012.93 |
| (7) Others | ||
| (II) Other comprehensive income that can be attributable to minority shareholders, net of tax | -1,278,050.26 | -889,252.43 |
| VII. Total comprehensive income | 77,052,451.34 | 55,944,364.40 |
| (I) Total comprehensive income that can be attributable to owners of the parent company | 132,014,764.81 | 112,071,181.91 |
| (II) Total comprehensive income that can be attributable to minority shareholders | -54,962,313.47 | -56,126,817.51 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share (RMB/share) | 0.28 | 0.20 |
| (II) Diluted earnings per share (RMB/share) | 0.28 | 0.20 |
In the event of business combinations involving enterprises under common control, the net profitsrealized prior to the combination by the party being absorbed is: RMB 0.00, and the net profits realizedin the last period by the party being absorbed is: RMB 0.00.Principal of the Company: LI Yi Chief Accountant: WANG Yingxia Person in Charge of theAccounting Body: WANG Yingxia
Consolidated Cash Flow StatementJanuary - September 2023Prepared by: Appotronics Corporation Limited
Unit: Yuan Currency: RMB, Unaudited
| Item | The first three quarters in 2023 (Jan. - Sep.) | The first three quarters in 2022 (Jan. - Sep.) |
| I. Cash Flows from Operating Activities: | ||
| Cash receipts from the sale of goods and the rendering of services | 1,757,565,303.26 | 2,164,236,179.89 |
| Net increase in customer deposits and deposits from banks and other financial institutions | ||
| Net increase in loans from the central bank | ||
| Net increase in taking from banks and other financial institutions | ||
| Cash receipts from premiums under direct insurance contracts | ||
| Net cash receipts from reinsurance business | ||
| Net cash receipts from policyholders’ deposits and investment contract liabilities | ||
| Cash receipts from interest, fees and commissions | ||
| Net increase in taking from banks | ||
| Net increase in financial assets sold under repurchase arrangements | ||
| Net cash received from securities trading agencies | ||
| Receipts of tax refunds | 9,099,429.16 | 5,838,929.38 |
| Other cash receipts relating to operating activities | 147,180,568.77 | 48,236,150.56 |
| Subtotal of cash inflows from operating activities | 1,913,845,301.19 | 2,218,311,259.83 |
| Cash payments for goods purchased and services received | 1,011,990,601.62 | 1,515,632,936.78 |
| Net increase in loans and advances to customers | ||
| Net increase in balance with the central bank and due from banks and other financial institutions | ||
| Cash payments for claims and policyholders’ benefits under direct insurance contracts | ||
| Net increase in placements with banks and other financial institutions | ||
| Cash payments for interest, fees and commissions | ||
| Cash payments for insurance policyholder dividends | ||
| Cash payments to and on behalf of employees | 335,781,983.08 | 323,124,265.49 |
| Payments of various types of taxes | 44,740,201.92 | 73,909,253.09 |
| Other cash payments relating to operating activities | 312,399,946.93 | 294,424,967.06 |
| Subtotal of cash outflows from operating activities | 1,704,912,733.55 | 2,207,091,422.42 |
| Net cash flow from operating activities | 208,932,567.64 | 11,219,837.41 |
| II. Cash Flows from Investing Activities: | ||
| Cash receipts from disposals and recovery of investments | 1,095,997,200.00 | 1,580,644,186.95 |
| Cash receipts from investment income | 7,911,315.33 | 9,312,583.88 |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 182,825.00 | 2,210.00 |
| Net cash receipts from disposals of subsidiaries and other business units | ||
| Other cash receipts relating to investing activities | 8,085,360.00 | |
| Subtotal of cash inflows from investing activities | 1,104,091,340.33 | 1,598,044,340.83 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 73,389,029.37 | 109,638,548.45 |
| Cash payments to acquire investments | 1,255,816,480.00 | 1,330,000,000.00 |
| Net increase in pledged loans receivables | ||
| Net cash payments for acquisitions of subsidiaries and other business units | 11,831,365.16 | |
| Other cash payments relating to investing activities | ||
| Subtotal of cash outflows from investing activities | 1,341,036,874.53 | 1,439,638,548.45 |
| Net cash flows from investment activities | -236,945,534.20 | 158,405,792.38 |
| III. Cash Flows from Financing Activities: | ||
| Cash receipts from capital contributions | 50,609,959.00 | 51,233,634.36 |
| Including: Cash receipts from capital contributions from minority shareholders of subsidiaries | ||
| Cash receipts from borrowings | 273,665,768.86 | 346,952,995.19 |
| Other cash receipts relating to financing activities | ||
| Subtotal of cash inflows from financing activities | 324,275,727.86 | 398,186,629.55 |
| Cash repayments of borrowings | 219,509,994.00 | 152,403,832.00 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 57,297,337.70 | 67,299,926.03 |
| Including: Payments for distribution of dividends or profits to minority shareholders of subsidiaries | 11,040,000.00 | |
| Other cash payments relating to financing activities | 25,485,551.97 | 40,688,919.08 |
| Subtotal of cash outflows from financing activities | 302,292,883.67 | 260,392,677.11 |
| Net cash flows from financing activities | 21,982,844.19 | 137,793,952.44 |
| IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents | 8,243,426.24 | 23,809,674.61 |
| V. Net Increase in Cash and Cash Equivalents | 2,213,303.87 | 331,229,256.84 |
| Add: Opening balance of cash and cash equivalents | 1,254,582,403.12 | 891,195,166.73 |
| VI. Closing Balance of Cash and Cash Equivalents | 1,256,795,706.99 | 1,222,424,423.57 |
Principal of the Company: LI Yi Chief Accountant: WANG Yingxia Person in Charge of theAccounting Body: WANG Yingxia
Description of adjustments in opening balances of line items in financial statements of the year due toinitial adoption of new accounting standards or interpretations of standards since 2023
□ Applicable √ N/A
Be it hereby announced.
Board of Directors of Appotronics Corporation Limited
October 25, 2023