The Third Quarter Report in 2022
Stock Code: 688007 Stock Short Name: Appotronics
Appotronics Corporation Limited
The Third Quarter Report in 2022
The Board of Directors and all the directors of the Company warrant that the
information contained in this Report is free from any misrepresentation, misleading
statement or material omission, and agree to assume the liability for the truth,
accuracy and completeness of this Report according to the law.
Important note:
The Board of Directors, the Board of Supervisors, directors, supervisors and senior officers of
the Company hereby warrant that the information contained in this Quarter Report is true, accurate
and complete and this Report is free from any misrepresentation, misleading statement or major
omission, and agree 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
(Chief Accountants) 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《2022 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 Third Quarter Report in 2022 (English Version) is voluntarily disclosed by Appotronics
Corporation Limited; in the event of any inconsistency in the understanding of the Chinese and
English versions of this Report, the Chinese version prevails.
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The Third Quarter Report in 2022
I. Major financial data
Key accounting data and financial indicators
In RMB
From the
Change Change on a
During the beginning of the
on a year- year-on-
Item reporting year to the end
on-year year basis
period of the reporting
basis(%) (%)
period
Operating income 606,484,116.96 9.09 1,875,806,319.07 12.96
Net profit attributable to
shareholders of the listed 45,389,736.02 -24.27 91,356,217.12 -56.78
company
Net profit attributable to
shareholders of the listed
company after deduction 32,170,896.11 -21.71 54,176,283.03 -49.86
of non-recurring profit or
loss
Net cash flow from
N/A N/A 11,219,837.41 N/A
operating activities
Basic earnings per share
0.10 -23.08 0.20 -57.45
(RMB/share)
Diluted earnings per
0.10 -23.08 0.20 -56.52
share (RMB/share)
Weighted average return Decrease Decrease by
1.78 3.64
on net assets (%) by 0.75 % 5.74%
Total R&D investments 59,286,764.89 -2.37 174,246,551.26 11.80
Proportion of R&D
Decrease Decrease by
investments to operating 9.78 9.29
by 1.14% 0.1%
income (%)
Change on a
At the end of
year-on-
the reporting At the end of the prior year
year basis
period
(%)
4,186,583,215.
Total assets 4,097,230,955.90 2.18
57
2 / 21
The Third Quarter Report in 2022
Equity attributable to
2,593,553,081.
shareholders of the listed 2,438,064,581.44 6.38
32
company
Note: The term “reporting period” refers to a period of three months from the beginning of
this quarter to the end of this quarter, same as below.
Items and amounts of non-recurring profit or loss
In RMB
Amount from the
Amount for the
beginning of the
Item reporting Description
year to the end of
period
the reporting period
Profit or loss from disposal of non-
-108,866.07 -5,048,303.41
current assets
Government grants recognized in profit
or loss for the current period
(excluding government grants that are
closely related to the business of the
5,019,896.14 21,046,715.69
Company and are provided in fixed
amount or quantity continuously
according to the applicable polices and
standards of the country)
Profit or loss on entrusted investments
or 3,317,217.06 9,112,583.88
assets management
Net profit or loss of subsidiaries from
the beginning of the period up to the
business combination date recognized
7,239,843.02 20,834,179.08
as a result of business combination of
enterprises involving enterprises under
common control
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- -375,000.00 -1,809,000.00
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
3 / 21
The Third Quarter Report in 2022
hedging activities relating to normal
operating business
Non-operating income and expenses
-403,894.95 -1,451,888.30
other than above
Other profit or loss that meets the
definition of non-recurring profit or 0.00 364,144.36
loss
Less: Effect of income taxes 1,006,532.41 3,777,297.81
Effects attributable to minority
463,822.88 2,091,199.40
interests (net of tax)
Total 13,218,839.91 37,179,934.09
Description of non-recurring profit and loss items defined or listed in the Explanatory
Announcement No. 1 for Public Company Information Disclosures – Non-recurring Profits and
Losses being classified into the recurring profit and loss items
□ Applicable√ N/A
Description of and reason for changes in major accounting data and financial indicators
√ Applicable □ N/A
Item Change (%) Main reason
Primarily due to changes in product
Net profit attributable to shareholders of structure, decreased gross profit
the listed company _ from the beginning of -56.78 margin, increased expenses and
the year to the end of the reporting period decreased non-recurring profit or loss
for the first three quarters .
Net profit attributable to shareholders of
Primarily due to changes in product
the listed company after deduction of non-
structure, decreased gross profit
recurring profit or loss _ from the -49.86
margin, and increased expenses for
beginning of the year to the end of the
the first three quarters.
reporting period
This amount has increased by RMB
Net cash flow from operating activities _ 32.1367 million on a year-on-year
from the beginning of the year to the end of N/A basis, primarily due to the increased
the reporting period sales return and the decreased
payment for stocked products.
Primarily due to the decreases in net
Basic earnings per share (RMB/share) _
profit attributable to shareholders of
from the beginning of the year to the end of -57.45
the listed company for the first three
the reporting period
quarters.
Primarily due to the decreases in net
Diluted earnings per share (RMB/share) _
profit attributable to shareholders of
from the beginning of the year to the end of -56.52
the listed company for the first three
the reporting period
quarters.
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The Third Quarter Report in 2022
(I) Analysis of business situations during the reporting period
With adherence to the strategic layout of “core technologies + core devices + application
scenarios” and great attentions to market and customer needs, the Company has achieved steady
development by giving full play to its advantages and accurately grasping market opportunities
despite multiple adverse impacts such as recurrence of Covid-19 and severe macro situation. For
the first three quarters of 2022, its revenue achieved RMB 1.876 billion, up by 12.96% over the
same period of the prior year; net cash flow from operating activities was RMB 11.2198 million
cumulatively, better than that for the same period of the prior year. In the third quarter of 2022, the
Company’s net profit attributable to shareholders of the listed company was RMB 45.3897 million,
up by 61.49% on a month-on-month basis, which represented a sound and steady business situation
of the Company.
During the reporting period, the Company’s main business sectors with great efforts to develop
are stated as follows.
1.Core device business
1.1 New breakthroughs in vehicle optical business with cooperation with well-known
automobile companies
Insisting on innovation-driven strategy with focuses on customer needs, the Company
continued to make more investments in research and development of innovative businesses and
developed further cooperation with industry chain partners, and thus achieved new breakthroughs
in vehicle optical business. During the reporting period, the Company received the Notice of
Development Designation from its customer BYD Company Ltd, which means that the Company
would become BYD’s supplier to provide vehicle optical components.
1.2 Significant growth in core household device business with active preparation for large
shopping festivals
For the first three quarters of 2022, the Company’s revenue from core household device
business achieved a year-on-year growth of over 140%. Even in the third quarter, the traditional
slack season, the Company’s operating income from core household device business also increased
by over 90% on a year-on-year basis. Looking forward to the fourth quarter, the Company’s
customers will launch a variety of new products to the markets at home and abroad during the period
of “Double 11”, “Black Friday” and other large shopping festivals. Therefore, it is expected that the
Company will achieve a rapid growth on its core household device business.
2. Non-core device business
2.1 Rapid growth in self-owned brand business aiming to the consumer market with
highlighted performance from new products
For the first three quarters of 2022, the Company made greater efforts to promote its self-owned
brand products in the consumer market. In terms of the Company’s subsidiary Formovie, its revenue
from self-owned brand business accounted for over 50% of its total revenue for the first three
quarters of 2022 and over 70% of its total revenue in the third quarter of 2022.
In September 2022, Formovie launched the new laser projector S5. Due to outstanding price
advantage and excellent display effect, S5 laser projector received a very warm welcome
immediately among products with mainstream prices. Responsive to strong demands on S5 laser
projector, the Company was committed to delivering products with excellent quality and after-sale
services as scheduled and continuously strengthening its supply chain management to meet
consumer needs.
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The Third Quarter Report in 2022
2.2 Building industry benchmark continuously for professional display business with
new progress in overseas market
Under the trend of localization in the professional display market, the Company grasped market
opportunities and gave full play its competitive advantages. Particularly, in terms of engineering
business, the Company made continuous efforts to lighting and large stadium performing arts
markets with focuses on creating high-quality scene cases; in terms of business education, the
Company accelerated its transformation to higher vocational business education, and successively
won bids for well-known university business projects. In addition, the Company actively explored
overseas professional display market, and for the first three quarters of 2022, it overall sales turnover
from overseas ODM and self-brand business increased by nearly 160%.
(II) Analysis of factors that can affect profits during the reporting period
In terms of operating income, the Company’s business education grew weakly due to repeated
outbreak of Covid-19, hence its operating income in the third quarter declined by 16.79% on a year-
on-year basis.
In terms of selling expenses, the Company’s selling expenses increased by RMB 24.0783
million and 43.09% on a year-on-year basis, primarily due to an increase of RMB12.5652 million
in marketing expenses as the Company spent more on market promotion activities in consumer
markets and accelerated the expansion of its self-owned brand business.
In terms of administrative expenses, with purposes to motivate core employees playing an
important role in the Company’s new growth curve in the future, the Company successively released
restricted stock incentive plans. The share-based payment expenses for the current period were
nearly RMB 26 million, up by over 8% compared with the same period of the prior year.
Exclusive of the impact of share-based payment expenses, the Company’s net profits
attributable to owners of the parent company amounted to RMB 73.8406 million, or RMB 60.6218
million after deduction of non-recurring profits.
II. Shareholder information
Table of total number of ordinary shareholders and preferred shareholders with resumed voting
right as well as shareholding status of top 10 shareholders
Unit: Share
Total number of
Total number of preferred
holders of
shareholders with resumed
ordinary shares 13,608 0
voting right during the
at the end of the
reporting period (if any)
reporting period
Shareholding status of top 10 shareholders
Shareholder Shareholde Prop Number of Number of Shares pledged,
name r nature ortio restricted restricted marked or frozen
6 / 21
The Third Quarter Report in 2022
n of shares shares held,
share held including the
Number of
holdi shares lent
shares Status Quantity
ng out under the
held
(%) refinancing
arrangement
Domestic
Shenzhen
non-stated
Appotronics 79,762,679 17.51 - - None -
owned legal
Holdings Limited
person
Shenzhen
Yuanshi Laser Domestic
Industrial non-stated
24,139,500 5.30 - - None -
Investment owned legal
Consulting person
Partnership (LP)
Nantong Strait Domestic
Appotronics non-stated
22,780,329 5.00 - - None -
Investment owned legal
Partnership (LP) person
Shenzhen Domestic
Appotronics Daye non-stated
20,430,250 4.48 - - None -
Investment owned legal
Partnership (LP) person
Shenzhen
Domestic
Appotronics
non-stated
Hongye 15,662,374 3.44 - - None -
owned legal
Investment
person
Partnership (LP)
Shenzhen
Domestic
Jinleijing
non-stated
Investment 12,353,106 2.71 - - None -
owned legal
Limited
person
Partnership (LP)
Shenzhen
Domestic
Appotronics
non-stated
Chengye 10,394,846 2.28 - - None -
owned legal
Consulting
person
Partnership (LP)
Citron PE
Investment Overseas
9,549,234 2.10 - - None -
(Hong Kong) legal person
2016 Limited
7 / 21
The Third Quarter Report in 2022
GREEN
FUTURE Overseas
8,977,043 1.97 - - None -
HOLDINGS legal person
LIMITED
Bank of China -
YFD Stable
Income Bond Others 8,641,926 1.90 - - None -
Securities
Investment Fund
Shareholding status of top 10 unrestricted shareholders
Type and quantity of shares
Shareholder Quantity of unrestricted
name outstanding shares held Type Quantity
Shenzhen
RMB-denominated ordinary
Appotronics 79,762,679 79,762,679
share
Holdings Limited
Shenzhen
Yuanshi Laser
Industrial RMB-denominated ordinary
24,139,500 24,139,500
Investment share
Consulting
Partnership (LP)
Nantong Strait
Appotronics RMB-denominated ordinary
22,780,329 22,780,329
Investment share
Partnership (LP)
Shenzhen
Appotronics Daye RMB-denominated ordinary
20,430,250 20,430,250
Investment share
Partnership (LP)
Shenzhen
Appotronics
RMB-denominated ordinary
Hongye 15,662,374 15,662,374
share
Investment
Partnership (LP)
Shenzhen
Jinleijing
RMB-denominated ordinary
Investment 12,353,106 12,353,106
share
Limited
Partnership (LP)
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The Third Quarter Report in 2022
Shenzhen
Appotronics
RMB-denominated ordinary
Chengye 10,394,846 10,394,846
share
Consulting
Partnership (LP)
Citron PE
Investment RMB-denominated ordinary
9,549,234 9,549,234
(Hong Kong) share
2016 Limited
GREEN
FUTURE RMB-denominated ordinary
8,977,043 8,977,043
HOLDINGS share
LIMITED
Bank of China -
YFD Stable
RMB-denominated ordinary
Income Bond 8,641,926 8,641,926
share
Securities
Investment Fund
Among the Company’s top ten shareholders, Shenzhen Appotronics Holdings Limited,
Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP), Shenzhen
Description of
Appotronics Daye Investment Partnership (LP), Shenzhen Appotronics Hongye Investment
related party
Partnership (LP), Shenzhen Jinleijing Investment Limited Partnership (LP), and Shenzhen
relationship or
Appotronics Chengye Consulting Partnership (LP) have related party relationship and are
concerted action
acting-in-concert parties. However, these shareholders have neither related party
of the said
relationship nor acting-in-concert party relationship with the third, the eighth, the ninth and
shareholders
the tenth shareholder. Except those described above, it is unknown that whether there are
any other related or acting-in-concert parties among other shareholders stated above.
Description of
participation in
the securities
margin trading,
short selling and
refinancing by top N/A
10 shareholders
and top 10
unrestricted
shareholders (if
any)
III. Other reminders
Other important information related to the Company’s business operation that investors are
requested to pay attention to during the reporting period
√ Applicable□ N/A
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The Third Quarter Report in 2022
(I) Litigation and arbitration
During the reporting period, details of litigation and arbitration cases where the Company was
involved are stated as below:
1. The Company received a civil ruling from the Supreme People’s Court in responsive to the
case numbered (2022) Zui Gao Fa Zhi Min Zhong No. 1586 in the second instance (corresponding
to the case of the first instance: (2019) Jing 73 Min Chu No. 1276), in which the court ruled that
Delta Electronics, Inc. was allowed to withdraw the case.
2. The Company received a notice of response for the case numbered (2022) Zui Gao Fa Zhi
Min Zhong No. 1587 in the second instance. This case is an appeal case brought by Delta Electronics,
Inc. corresponding to the first instance judgement for the (2019) Jing 73 Min Chu No. 1275 case
and is in trial in the second instance.
3. The Company received a civil ruling from Hangzhou Intermediate People’s Court in
responsive to the case numbered (2022) Zhe 01 Min Chu No. 157, in which the court ruled that the
plaintiff Shenzhen Wanbo Technology Co., Ltd. was allowed to withdraw the case in respect of the
dispute over infringement on design patents.
4. The Company received a civil ruling from Shenzhen Nanshan District People's Court in
responsive to the case numbered (2022) Yue 0305 Min Chu No.10069, in which the court ruled that
the Company was allowed to withdraw the case. The Company and the defendant Shenzhen Creality
3D Technology Co., Ltd. achieved a settlement for the dispute over the sale and purchase contract
and withdrew the case. The defendant refunded RMB 163,600 to the Company and paid the
litigation costs.
5. The Company brought a civil litigation (Case No.: (2022) Yue 0305 Su Qian Tiao No. 25324)
against Huaxia Jingrui Lighting Technology (Beijing) Co., Ltd. to Shenzhen Nanshan District
People’s Court in respect of the dispute over the sale and purchase contract, requesting the court
ruled the defendant paid goods prices and liquidated damages totaled RMB 1,219,500
6. Qingda Appotronics (Xiamen) Technology Co., Ltd., a subsidiary controlled by the
Company, received an arbitration award (Case No.: XA20220598) from Xiamen Arbitration
Commission in respect of the dispute over the sale and purchase contract, in which it is ruled that
the respondent Yunzhi Feiyang (Beijing) Network Technology Co., Ltd. shall compensate the
claimer Qingda Appotronics (Xiamen) Technology Co., Ltd. goods prices and liquidated damages
totaled RMB 215,900.
(II) Petition for invalidation
1. As of the end of the reporting period, there have been two cases where the Company has
filed petitions for invalidation against the patents held by Delta Electronics, Inc., which are in trial
at the State Intellectual Property Office.
2. As of the end of the reporting period, there have been three cases where petitions for
invalidation has been filed against the patents about which the Company acted as a patentee, which
are in trial at the State Intellectual Property Office. Patents involved in such three cases are “a
phosphor-based light source structure for improving the efficiency of light conversion” (Patent No.
200810065225.X), “High-brightness excitation method and light-emitting device based on optical
wavelength conversion” (Patent No. 201110086731.9), and “A kind of luminescent ceramic and
light-emitting device for high power light source” (Patent No. 201510219000.5) respectively.
10 / 21
The Third Quarter Report in 2022
IV. Quarter financial statements
(I)Audit opinion
□ Applicable√ N/A
(II)Financial statements
Consolidated Balance Sheet
September 30, 2022
Prepared by: Appotronics Corporation Limited
In RMB, Unaudited
Item September 30, 2022 December 31, 2021
Current Assets:
Cash and bank balances 1,320,582,344.29 957,729,831.15
Balances with clearing
agencies
Placements with banks and
other financial institutions
Held-for-trading financial 299,191,000.00 417,200,000.00
assets
Derivative financial assets
Notes receivable 8,034,397.86 5,256,603.03
Accounts receivable 278,886,931.57 403,134,471.87
Receivables financing 2,875,765.10 244,860.00
Prepayments 62,856,672.53 98,116,970.83
Insurance premium receivable
Reinsurance accounts
receivables
Contract reserve of
reinsurance receivable
Other receivables 26,764,699.46 30,472,595.66
Including: Interest receivable
Dividends receivable
Financial assets purchased
under resale agreements
Inventories 841,315,691.78 769,621,133.00
Contract assets 1,175,353.83 3,903,859.23
Held-for-sale assets
Non-current assets due within 5,189,728.92 3,473,049.18
one year
Other current assets 81,106,594.98 52,761,820.83
Total Current Assets 2,927,979,180.32 2,741,915,194.78
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The Third Quarter Report in 2022
Non-current Assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables 4,542,748.56 5,793,552.74
Long-term equity investments 158,644,730.18 293,601,085.27
Other equity instrument 7,075,419.38 7,075,419.38
investments
Other non-current financial
assets
Investment properties
Fixed assets 441,014,683.12 470,410,450.18
Construction in progress 228,171,743.11 148,620,511.35
Bearer biological assets
Oil and gas assets
Use right assets 40,024,402.11 26,803,910.76
Intangible assets 293,537,765.67 301,164,605.56
Development expenditure
Goodwill
Long-term prepaid expenses 6,521,806.15 10,126,164.82
Deferred tax assets 63,877,607.14 80,721,419.29
Other non-current assets 15,193,129.83 10,998,641.77
Total Non-current Assets 1,258,604,035.25 1,355,315,761.12
Total assets 4,186,583,215.57 4,097,230,955.90
Current Liabilities:
Short-term borrowings 123,042,777.78 5,570,878.11
Loans from the central bank
Taking from banks and other
financial institutions
Held-for-trading financial
liabilities
Derivative financial liabilities
Notes payable 116,849,657.69 134,378,967.61
Accounts payable 290,649,093.44 419,966,567.27
Receipts in advance 124,924,109.57 130,288,312.62
Contract liabilities 43,984,403.44 45,541,629.55
Income from financial assets
sold under repurchase
agreements
Absorbing deposit and
interbank deposit
Funds from securities trading
agency
12 / 21
The Third Quarter Report in 2022
Funds from securities
underwriting agency
Employee benefits payable 31,177,340.91 64,119,087.51
Taxes payable 5,681,292.36 19,546,190.23
Other payables 44,371,425.62 54,115,784.80
Including: Interest payable
Dividends payable
Service charge and
commissions payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due 146,745,383.90 154,785,116.35
within one year
Other current liabilities 4,718,226.90 19,561,104.12
Total Current Liabilities 932,143,711.61 1,047,873,638.17
Non-current Liabilities:
Insurance contract reserves
Long-term borrowings 451,715,399.91 368,635,614.64
Bonds payable
Including: Preferred shares
Perpetual bonds
Leasing liabilities 27,314,483.85 10,789,352.69
Long-term payables
Long-term employee benefits
payable
Provisions 39,937,347.02 36,428,688.94
Deferred income 7,622,104.11 10,266,982.08
Deferred tax liabilities
Other non-current liabilities
Total Non-current 526,589,334.89 426,120,638.35
Liabilities
Total Liabilities 1,458,733,046.50 1,473,994,276.52
Owners’ (or Shareholders’) equity:
Paid-in capital (or share 455,638,398.00 452,756,901.00
capital)
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 1,508,057,851.64 1,400,605,136.65
Less: Treasury shares 19,377,297.59
Other comprehensive income 3,874,452.19 -16,840,512.60
Special reserve
13 / 21
The Third Quarter Report in 2022
Surplus reserve 56,265,868.31 56,265,868.31
General risk reserve
Retained profits 589,093,808.77 545,277,188.08
Total owners’ (or 2,593,553,081.32 2,438,064,581.44
Shareholders’) equity attributable
to owners of the Parent Company
Minority interests 134,297,087.75 185,172,097.94
Total owners’ (or 2,727,850,169.07 2,623,236,679.38
Shareholders’) equity
Total liabilities and 4,186,583,215.57 4,097,230,955.90
owners’ (or Shareholders’)
equity
Legal Representative: LI Yi Chief Accountant: WANG Yingxia Person in Charge of the
Accounting Body: WANG Yingxia
14 / 21
The Third Quarter Report in 2022
Consolidated Income Statement
For the period from January to September 2022
Prepared by: Appotronics Corporation Limited
In RMB, Unaudited
The first three The first three
Item quarters in 2022 (from quarters in 2021 (from
January to September) January to September)
I. Total operating income 1,875,806,319.07 1,660,621,770.06
Including: Operating income 1,875,806,319.07 1,660,621,770.06
Interest income
Premiums earned
Service charge and commission
income
II. Total operating costs 1,818,361,563.44 1,522,416,553.31
Including: Operating costs 1,286,752,064.01 1,076,872,169.84
Interest expenses
Service charge and commission
expenses
Surrenders
Claims and policyholder benefits
(net of amounts recoverable from
reinsurers)
Net withdrawal of insurance
contract reserves
Payment to insurance
policyholder dividends
Expenses for reinsurance
accepted
Taxes and levies 8,705,987.65 5,617,717.41
Selling expenses 200,257,568.83 145,563,099.50
Administrative expenses 163,525,277.50 132,895,382.17
R&D expenses 174,246,551.26 155,853,227.70
Financial expenses -15,125,885.81 5,614,956.69
Including: Interest expense 18,844,776.16 18,318,882.49
Interest income 10,707,361.63 14,347,106.01
Add: other income 27,706,973.61 63,720,294.62
Investment income (loss is
13,360.80 14,662,288.46
indicated by “-”)
Including: Income from
investments in associates and joint -9,299,223.08 8,747,066.17
ventures
Gains from derecognition
of financial assets at amortized assets
15 / 21
The Third Quarter Report in 2022
Exchange gains (loss is indicated
by “-”)
Gains from net exposure hedges
(loss is indicated by “-”)
Gains from changes in fair values
-2,009,000.00 38,250,576.00
(loss is indicated by “-”)
Losses of credit impairment (loss
3,912,023.56 5,758,981.72
is indicated by “-”)
Impairment losses of assets (loss
-27,117,996.54 -14,281,326.09
is indicated by “-”)
Gains from disposal of assets
123,037.54 2,806,008.82
(loss is indicated by “-”)
III. Operating profit (loss is indicated by
60,073,154.60 249,122,040.28
“-”)
Add: Non-operating income 501,785.71 22,396,289.78
Less: Non-operating expenses 2,038,616.70 710,619.08
IV. Total profits (total losses are
58,536,323.61 270,807,710.98
indicated by “-”)
Less: Income tax expenses 22,417,671.57 45,287,451.51
V. Net profits (net losses are indicated
36,118,652.04 225,520,259.47
by “-”)
(I) Categorized by the nature of continuity of operation
1. Net profits from continuing
operations (net losses are indicated by 36,118,652.04 225,520,259.47
“-”)
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 91,356,217.12 211,350,740.98
losses are indicated by “-”)
2. Profits or losses attributable to
minority shareholders (net losses are -55,237,565.08 14,169,518.49
indicated by “-”)
VI. Other comprehensive income, net of
19,825,712.36 -4,661,497.44
tax
(I) Other comprehensive income
attributable to owners of the Parent 20,714,964.79 -4,678,915.43
Company, net of tax
1. Other comprehensive income
that cannot be reclassified subsequently
to profit or loss
16 / 21
The Third Quarter Report in 2022
(1) Changes from re-measurement 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
20,714,964.79 -4,678,915.43
will be reclassified to profit or loss
(1) Other comprehensive income that
will be reclassified to profit or loss under -17,884,048.14 -2,312,419.51
the equity method
(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 38,599,012.93 -2,366,495.92
denominated in foreign currencies
(7) Others
(II) Other comprehensive income that
can be attributable to minority -889,252.43 17,417.99
shareholders, net of tax
VII. Total comprehensive income 55,944,364.40 220,858,762.03
(I) Total comprehensive income that
can be attributable to owners of the 112,071,181.91 206,671,825.55
Parent Company
(II) Total comprehensive income that
can be attributable to minority -56,126,817.51 14,186,936.48
shareholders
VIII. Earnings per share:
(I) Basic earnings per share
0.20 0.47
(RMB/share)
(II) Diluted earnings per share
0.20 0.46
(RMB/share)
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The Third Quarter Report in 2022
In the event of business combinations involving enterprises under common control incurred in the
current period, the acquiree achieved a net profit of RMB 0 before the combination; the acquiree
achieved a net profit of RMB 0 during the prior period.
Legal Representative: LI Yi Chief Accountant: WANG Yingxia Person in Charge of the
Accounting Body: WANG Yingxia
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The Third Quarter Report in 2022
Consolidated Cash Flow Statement
For the period from January to September 2022
Prepared by: Appotronics Corporation Limited
In RMB, Unaudited
Item The first three quarters The first three quarters
in 2022 (from January in 2021 (from January
to September) to September)
I. Cash Flows from Operating Activities:
Cash receipts from the sale of goods 2,164,236,179.89 2,048,876,161.32
and the rendering of services
Net increase in customer deposits
and interbank deposits
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, service
charges 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 5,838,929.38 3,976,915.95
Other cash receipts relating to 48,236,150.56 121,666,254.86
operating activities
Sub-total of cash inflows from 2,218,311,259.83 2,174,519,332.13
operating activities
Cash payments for goods purchased 1,515,632,936.78 1,668,381,738.55
and services received
Net increase in loans and advances
to customers
Net increase in balance with the
central bank and due from interbank
Cash payments for claims and
policyholders’ benefits under direct
insurance contracts
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The Third Quarter Report in 2022
Net increase in placements with
banks and other financial institutions
Cash payments for interest, service
charges and commissions
Cash payments for insurance
policyholder dividends
Cash payments to and for employees 323,124,265.49 252,707,702.15
Payments of various types of taxes 73,909,253.09 66,765,688.03
Other cash payments relating to 294,424,967.06 207,581,087.21
operating activities
Sub-total of cash outflows from 2,207,091,422.42 2,195,436,215.94
operating activities
Net cash flow from operating 11,219,837.41 -20,916,883.81
activities
II. Cash Flows from Investing Activities:
Cash receipts from disposals and 1,580,644,186.95 1,263,000,000.00
recovery of investments
Cash receipts from investment 9,312,583.88 5,915,222.29
income
Net cash receipts from disposals of 2,210.00 14,860.00
fixed assets, intangible assets and other
long-term assets
Net cash receipts from disposals of
subsidiaries and other business units
Other cash receipts relating to 8,085,360.00
investing activities
Sub-total of cash inflows from 1,598,044,340.83 1,268,930,082.29
investing activities
Cash payments to acquire or 109,638,548.45 71,898,602.19
construct fixed assets, intangible assets
and other long-term assets
Cash payments to acquire 1,330,000,000.00 1,768,048,387.32
investments
Net increase in pledged loans
receivables
Net cash payments for acquisitions
of subsidiaries and other business units
Other cash payments relating to
investing activities
Sub-total of cash outflows from 1,439,638,548.45 1,839,946,989.51
investing activities
Net cash flow from investing 158,405,792.38 -571,016,907.22
activities
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The Third Quarter Report in 2022
III. Cash Flows from Financing Activities:
Cash receipts from capital 51,233,634.36 10,131,579.00
contributions
Including: cash receipts from capital 10,131,579.00
contributions from minority
shareholders of subsidiaries
Cash receipts from borrowings 346,952,995.19 377,914,331.79
Other cash receipts relating to 215,000,000.00
financing activities
Sub-total of cash inflows from 398,186,629.55 603,045,910.79
financing activities
Cash repayments of borrowings 152,403,832.00 264,982,699.04
Cash payments for distribution of 67,299,926.03 53,970,048.18
dividends or profits or settlement of
interest expenses
Including: payments for distribution 18,400,000.00
of dividends or profits to minority
shareholders of subsidiaries
Other cash payments relating to 40,688,919.08 37,065,490.51
financing activities
Sub-total of cash outflows from 260,392,677.11 356,018,237.73
financing activities
Net cash flow from financing 137,793,952.44 247,027,673.06
activities
IV. Effect of Foreign Exchange Rate 23,809,674.61 -523,591.99
Changes on Cash and Cash
Equivalents
V. Net Increase in Cash and Cash 331,229,256.84 -345,429,709.96
Equivalents
Add: Opening balance of cash and 891,195,166.73 983,525,089.44
cash equivalents
VI. Closing Balance of Cash and 1,222,424,423.57 638,095,379.48
Cash Equivalents
Legal Representative: LI Yi Chief Accountant: WANG Yingxia Person in Charge of the
Accounting Body: WANG Yingxia
Description of adjustments in opening balances of line items in financial statements of the year
due to initial adoption of new accounting standards or interpretations of standards since 2022
□Applicable√ N/A
This Report is hereby announced.
Board of Directors of Appotronics Corporation Limited
October 29, 2022
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