光峰科技:2022年第三季度报告（英文版）

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.
1 / 21The 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 606484116.96 9.09 1875806319.07 12.96
Net profit attributable to
shareholders of the listed 45389736.02 -24.27 91356217.12 -56.78
company
Net profit attributable to
shareholders of the listed
company after deduction 32170896.11 -21.71 54176283.03 -49.86
of non-recurring profit or
loss
Net cash flow from
N/A N/A 11219837.41 N/A
operating activities
Basic earnings per share
0.10-23.080.20-57.45
(RMB/share)
Diluted earnings per
0.10-23.080.20-56.52
share (RMB/share)
Weighted average return Decrease Decrease by
1.783.64
on net assets (%) by 0.75 % 5.74%
Total R&D investments 59286764.89 -2.37 174246551.26 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
(%)
4186583215.
Total assets 4097230955.90 2.18
57
2 / 21The Third Quarter Report in 2022
Equity attributable to
2593553081.
shareholders of the listed 2438064581.44 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-
-108866.07-5048303.41
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
5019896.1421046715.69
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 3317217.06 9112583.88
assets management
Net profit or loss of subsidiaries from
the beginning of the period up to the
business combination date recognized
7239843.0220834179.08
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- -375000.00 -1809000.00
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 / 21The Third Quarter Report in 2022
hedging activities relating to normal
operating business
Non-operating income and expenses
-403894.95-1451888.30
other than above
Other profit or loss that meets the
definition of non-recurring profit or 0.00 364144.36
loss
Less: Effect of income taxes 1006532.41 3777297.81
Effects attributable to minority
463822.882091199.40
interests (net of tax)
Total 13218839.91 37179934.09
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.
4 / 21The Third Quarter Report in 2022
(I) Analysis of business situations during the reporting periodWith adherence to the strategic layout of “core technologies + core devices + applicationscenarios” 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.
5 / 21The 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 13608 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 / 21The 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 79762679 17.51 - - None -
owned legal
Holdings Limited
person
Shenzhen
Yuanshi Laser Domestic
Industrial non-stated
24139500 5.30 - - None -
Investment owned legal
Consulting person
Partnership (LP)
Nantong Strait Domestic
Appotronics non-stated
22780329 5.00 - - None -
Investment owned legal
Partnership (LP) person
Shenzhen Domestic
Appotronics Daye non-stated
20430250 4.48 - - None -
Investment owned legal
Partnership (LP) person
Shenzhen
Domestic
Appotronics
non-stated
Hongye 15662374 3.44 - - None -
owned legal
Investment
person
Partnership (LP)
Shenzhen
Domestic
Jinleijing
non-stated
Investment 12353106 2.71 - - None -
owned legal
Limited
person
Partnership (LP)
Shenzhen
Domestic
Appotronics
non-stated
Chengye 10394846 2.28 - - None -
owned legal
Consulting
person
Partnership (LP)
Citron PE
Investment Overseas
9549234 2.10 - - None -
(Hong Kong) legal person
2016 Limited
7 / 21The Third Quarter Report in 2022
GREEN
FUTURE Overseas
8977043 1.97 - - None -
HOLDINGS legal person
LIMITED
Bank of China -
YFD Stable
Income Bond Others 8641926 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 79762679 79762679
share
Holdings Limited
Shenzhen
Yuanshi Laser
Industrial RMB-denominated ordinary
2413950024139500
Investment share
Consulting
Partnership (LP)
Nantong Strait
Appotronics RMB-denominated ordinary
2278032922780329
Investment share
Partnership (LP)
Shenzhen
Appotronics Daye RMB-denominated ordinary
2043025020430250
Investment share
Partnership (LP)
Shenzhen
Appotronics
RMB-denominated ordinary
Hongye 15662374 15662374
share
Investment
Partnership (LP)
Shenzhen
Jinleijing
RMB-denominated ordinary
Investment 12353106 12353106
share
Limited
Partnership (LP)
8 / 21The Third Quarter Report in 2022
Shenzhen
Appotronics
RMB-denominated ordinary
Chengye 10394846 10394846
share
Consulting
Partnership (LP)
Citron PE
Investment RMB-denominated ordinary
95492349549234
(Hong Kong) share
2016 Limited
GREEN
FUTURE RMB-denominated ordinary
89770438977043
HOLDINGS share
LIMITED
Bank of China -
YFD Stable
RMB-denominated ordinary
Income Bond 8641926 8641926
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
9 / 21The 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 163600 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 1219500
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 215900.(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 whichare in trial at the State Intellectual Property Office. Patents involved in such three cases are “aphosphor-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 opticalwavelength conversion” (Patent No. 201110086731.9) and “A kind of luminescent ceramic andlight-emitting device for high power light source” (Patent No. 201510219000.5) respectively.
10 / 21The 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 1320582344.29 957729831.15
Balances with clearing
agencies
Placements with banks and
other financial institutions
Held-for-trading financial 299191000.00 417200000.00
assets
Derivative financial assets
Notes receivable 8034397.86 5256603.03
Accounts receivable 278886931.57 403134471.87
Receivables financing 2875765.10 244860.00
Prepayments 62856672.53 98116970.83
Insurance premium receivable
Reinsurance accounts
receivables
Contract reserve of
reinsurance receivable
Other receivables 26764699.46 30472595.66
Including: Interest receivable
Dividends receivable
Financial assets purchased
under resale agreements
Inventories 841315691.78 769621133.00
Contract assets 1175353.83 3903859.23
Held-for-sale assets
Non-current assets due within 5189728.92 3473049.18
one year
Other current assets 81106594.98 52761820.83
Total Current Assets 2927979180.32 2741915194.78
11 / 21The Third Quarter Report in 2022
Non-current Assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables 4542748.56 5793552.74
Long-term equity investments 158644730.18 293601085.27
Other equity instrument 7075419.38 7075419.38
investments
Other non-current financial
assets
Investment properties
Fixed assets 441014683.12 470410450.18
Construction in progress 228171743.11 148620511.35
Bearer biological assets
Oil and gas assets
Use right assets 40024402.11 26803910.76
Intangible assets 293537765.67 301164605.56
Development expenditure
Goodwill
Long-term prepaid expenses 6521806.15 10126164.82
Deferred tax assets 63877607.14 80721419.29
Other non-current assets 15193129.83 10998641.77
Total Non-current Assets 1258604035.25 1355315761.12
Total assets 4186583215.57 4097230955.90
Current Liabilities:
Short-term borrowings 123042777.78 5570878.11
Loans from the central bank
Taking from banks and other
financial institutions
Held-for-trading financial
liabilities
Derivative financial liabilities
Notes payable 116849657.69 134378967.61
Accounts payable 290649093.44 419966567.27
Receipts in advance 124924109.57 130288312.62
Contract liabilities 43984403.44 45541629.55
Income from financial assets
sold under repurchase
agreements
Absorbing deposit and
interbank deposit
Funds from securities trading
agency
12 / 21The Third Quarter Report in 2022
Funds from securities
underwriting agency
Employee benefits payable 31177340.91 64119087.51
Taxes payable 5681292.36 19546190.23
Other payables 44371425.62 54115784.80
Including: Interest payable
Dividends payable
Service charge and
commissions payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due 146745383.90 154785116.35
within one year
Other current liabilities 4718226.90 19561104.12
Total Current Liabilities 932143711.61 1047873638.17
Non-current Liabilities:
Insurance contract reserves
Long-term borrowings 451715399.91 368635614.64
Bonds payable
Including: Preferred shares
Perpetual bonds
Leasing liabilities 27314483.85 10789352.69
Long-term payables
Long-term employee benefits
payable
Provisions 39937347.02 36428688.94
Deferred income 7622104.11 10266982.08
Deferred tax liabilities
Other non-current liabilities
Total Non-current 526589334.89 426120638.35
Liabilities
Total Liabilities 1458733046.50 1473994276.52
Owners’ (or Shareholders’) equity:
Paid-in capital (or share 455638398.00 452756901.00
capital)
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 1508057851.64 1400605136.65
Less: Treasury shares 19377297.59
Other comprehensive income 3874452.19 -16840512.60
Special reserve
13 / 21The Third Quarter Report in 2022
Surplus reserve 56265868.31 56265868.31
General risk reserve
Retained profits 589093808.77 545277188.08
Total owners’ (or 2593553081.32 2438064581.44
Shareholders’) equity attributable
to owners of the Parent Company
Minority interests 134297087.75 185172097.94
Total owners’ (or 2727850169.07 2623236679.38
Shareholders’) equity
Total liabilities and 4186583215.57 4097230955.90
owners’ (or Shareholders’)
equity
Legal Representative: LI Yi Chief Accountant: WANG Yingxia Person in Charge of the
Accounting Body: WANG Yingxia
14 / 21The 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 1875806319.07 1660621770.06
Including: Operating income 1875806319.07 1660621770.06
Interest income
Premiums earned
Service charge and commission
income
II. Total operating costs 1818361563.44 1522416553.31
Including: Operating costs 1286752064.01 1076872169.84
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 8705987.65 5617717.41
Selling expenses 200257568.83 145563099.50
Administrative expenses 163525277.50 132895382.17
R&D expenses 174246551.26 155853227.70
Financial expenses -15125885.81 5614956.69
Including: Interest expense 18844776.16 18318882.49
Interest income 10707361.63 14347106.01
Add: other income 27706973.61 63720294.62
Investment income (loss is
13360.8014662288.46
indicated by “-”)
Including: Income from
investments in associates and joint -9299223.08 8747066.17
ventures
Gains from derecognition
of financial assets at amortized assets
15 / 21The 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
-2009000.0038250576.00
(loss is indicated by “-”)
Losses of credit impairment (loss
3912023.565758981.72
is indicated by “-”)
Impairment losses of assets (loss
-27117996.54-14281326.09
is indicated by “-”)
Gains from disposal of assets
123037.542806008.82
(loss is indicated by “-”)
III. Operating profit (loss is indicated by
60073154.60249122040.28
“-”)
Add: Non-operating income 501785.71 22396289.78
Less: Non-operating expenses 2038616.70 710619.08
IV. Total profits (total losses are
58536323.61270807710.98
indicated by “-”)
Less: Income tax expenses 22417671.57 45287451.51
V. Net profits (net losses are indicated
36118652.04225520259.47
by “-”)
(I) Categorized by the nature of continuity of operation
1. Net profits from continuing
operations (net losses are indicated by 36118652.04 225520259.47
“-”)
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 91356217.12 211350740.98
losses are indicated by “-”)
2. Profits or losses attributable to
minority shareholders (net losses are -55237565.08 14169518.49
indicated by “-”)
VI. Other comprehensive income net of
19825712.36-4661497.44
tax
(I) Other comprehensive income
attributable to owners of the Parent 20714964.79 -4678915.43
Company net of tax
1. Other comprehensive income
that cannot be reclassified subsequently
to profit or loss
16 / 21The 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
20714964.79-4678915.43
will be reclassified to profit or loss
(1) Other comprehensive income that
will be reclassified to profit or loss under -17884048.14 -2312419.51
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 38599012.93 -2366495.92
denominated in foreign currencies
(7) Others
(II) Other comprehensive income that
can be attributable to minority -889252.43 17417.99
shareholders net of tax
VII. Total comprehensive income 55944364.40 220858762.03
(I) Total comprehensive income that
can be attributable to owners of the 112071181.91 206671825.55
Parent Company
(II) Total comprehensive income that
can be attributable to minority -56126817.51 14186936.48
shareholders
VIII. Earnings per share:
(I) Basic earnings per share
0.200.47
(RMB/share)
(II) Diluted earnings per share
0.200.46
(RMB/share)
17 / 21The 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
18 / 21The 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 2164236179.89 2048876161.32
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 5838929.38 3976915.95
Other cash receipts relating to 48236150.56 121666254.86
operating activities
Sub-total of cash inflows from 2218311259.83 2174519332.13
operating activities
Cash payments for goods purchased 1515632936.78 1668381738.55
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
19 / 21The 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 323124265.49 252707702.15
Payments of various types of taxes 73909253.09 66765688.03
Other cash payments relating to 294424967.06 207581087.21
operating activities
Sub-total of cash outflows from 2207091422.42 2195436215.94
operating activities
Net cash flow from operating 11219837.41 -20916883.81
activities
II. Cash Flows from Investing Activities:
Cash receipts from disposals and 1580644186.95 1263000000.00
recovery of investments
Cash receipts from investment 9312583.88 5915222.29
income
Net cash receipts from disposals of 2210.00 14860.00
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 8085360.00
investing activities
Sub-total of cash inflows from 1598044340.83 1268930082.29
investing activities
Cash payments to acquire or 109638548.45 71898602.19
construct fixed assets intangible assets
and other long-term assets
Cash payments to acquire 1330000000.00 1768048387.32
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 1439638548.45 1839946989.51
investing activities
Net cash flow from investing 158405792.38 -571016907.22
activities
20 / 21The Third Quarter Report in 2022
III. Cash Flows from Financing Activities:
Cash receipts from capital 51233634.36 10131579.00
contributions
Including: cash receipts from capital 10131579.00
contributions from minority
shareholders of subsidiaries
Cash receipts from borrowings 346952995.19 377914331.79
Other cash receipts relating to 215000000.00
financing activities
Sub-total of cash inflows from 398186629.55 603045910.79
financing activities
Cash repayments of borrowings 152403832.00 264982699.04
Cash payments for distribution of 67299926.03 53970048.18
dividends or profits or settlement of
interest expenses
Including: payments for distribution 18400000.00
of dividends or profits to minority
shareholders of subsidiaries
Other cash payments relating to 40688919.08 37065490.51
financing activities
Sub-total of cash outflows from 260392677.11 356018237.73
financing activities
Net cash flow from financing 137793952.44 247027673.06
activities
IV. Effect of Foreign Exchange Rate 23809674.61 -523591.99
Changes on Cash and Cash
Equivalents
V. Net Increase in Cash and Cash 331229256.84 -345429709.96
Equivalents
Add: Opening balance of cash and 891195166.73 983525089.44
cash equivalents
VI. Closing Balance of Cash and 1222424423.57 638095379.48
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