光峰科技:2021年第三季度报告（英文版）

The Third Quarter Report in 2021
Stock Code: 688007 Stock Short Name: Appotronics
Appotronics Corporation Limited
The Third Quarter Report in 2021
The Board of Directors and all the directors of the Company warrant that the
information contained in this Report is free from any misrepresentation mislead ing
statement or material omission and agree to assume the liability for the truth
accuracy and completeness of this Report according to 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 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《2021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。
The Third Quarter Report in 2021 is voluntarily disclosed by Appotronics Corporation
Limited and if the meaning of the translated version is different than the Chinese version the
Chinese version will control.
1 / 22The Third Quarter Report in 2021
I. Major financial data
(I) Key accounting data and financial indicators
In RMB
From the
Change
beginning of the Change over
During the over the
Item year to the end of the prior
reporting period prior
the reporting period (%)
period (%)
period
Operating revenue 555932526.47 6.42 1660621770.06 34.09
Net profit attributable
to shareholders of the 59936820.19 101.06 211350740.98 378.84
listed company
Net profit attributable
to shareholders of the
listed company after
41093330.65 123.21 108055266.73 N/A
deduction of non-
recurring profit or
loss
Net cash flow from
N/A N/A -20916883.81 -118.46
operating activities
Basic earnings per
0.1385.710.47370.00
share (RMB/share)
Diluted earnings per
0.1385.710.46360.00
share (RMB/share)
Weighted average
Increase Increase by
return on net assets 2.53 9.38
by 1.03% 7.17%
(%)
Total R&D
60724744.042.47155853227.706.34
investments
Proportion of R&D
Decrease Decrease by
investments to 10.92 9.39
by 0.42% 2.44%
operating income (%)
Changes at
At the end of the the end of
At the end of the prior year
reporting period the reporting
period from
2 / 22The Third Quarter Report in 2021
the end of
the prior year
(%)
Total assets 3802025432.02 3226204326.69 17.85
Equity attributable to
shareholders of the 2404985350.82 2091599671.75 14.98
listed 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.Analysis of business situations
In the context of the strain of industry supply chain the Company actively adjusted its business
strategy and accordingly its revenue for the first three quarters of 2021 achieved RMB 1.661 billion
up by 34.09% over the same period of the prior year; net profit attributable to shareholders of the
listed company was RMB 211 million up by 378.84% over the same period of the prior year; net
profit attributable to shareholders of the listed company after deduction of non-recurring profit or
loss was RMB 108 million turning the negative profit for the same period of the prior year to the
positive.Looking forward to the fourth quarter the Company will actively respond to changes in the
operating environment. In terms of household business the Company continues to conduct thestrategic stocking and will take the advantage of season-high promotion activities such as “Double
11” to launch a variety of new products to the market and implement an active market competition
strategy; for cinema business as of September 30 Appotronics has over 24000 ALPD laser
projectors installed throughout China accelerating the laserization of cinema projections; regarding
the large venue business the Company will step up the expansion of overseas markets with ODM
mode; and for the business education the Company will shift its business focus to segmentation
areas such as higher education and commerce. Further with ALPD technology as the core the
Company will deploy the entire laser display industry chain to expand its innovative application in
scenarios such as aviation automobile and smart home.(II) Items and amounts of non-recurring profit or loss
In RMB
3 / 22The Third Quarter Report in 2021
Amount from the
Amount for the beginning of the
Item Description
reporting period year to the end of
the reporting period
Profit or loss from disposal of
non-current assets (including the
-179148.421869005.68
offset part of the retained asset
impairment provisions)
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 6633924.98 78442136.30
are provided in fixed amount or
quantity continuously according
to the applicable polices and
standards of the country)
Profit or loss of assets
investments and management 3769295.90 5915219.29
entrusted by other people
Net profit or loss of subsidiaries
from the beginning of the period
up to the business combination
date recognized as a result of 5592162.91 16978379.38
business combination of
enterprises involving enterprises
under common control
Profit or loss on changes in the
fair value of held-for-trading
financial assets and held-for-
trading financial liabilities and
investment income on disposal
of held-for-trading financial
74676.0038250576.00
assets held-for-trading financial
liabilities and available-for-sale
financial assets (exclusive of the
effective portion of the hedges
that arise in the Company’s
ordinary course of business)
Non-operating income and
29640.59530950.33
expenses other than above
Primarily due to
Projects meeting the definition
571819.78 return of
of non-recurring profit or loss
handling costs
4 / 22The Third Quarter Report in 2021
for individual
taxes
Less: Effect of income taxes -11031330.40 6201323.51
Effect of minority interests
8108392.8233061289.00
(after tax)
Total 18843489.54 103295474.25
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
(III) Description of and reason for changes in key accounting information and financial
indicators
√ Applicable□ N/A
Item Change (%) Main reason
Primarily due to the increase in the
revenue from large venue products
Operating revenue_from the beginning of
34.09 and household products for the first
the year to the end of the reporting period
three quarters and the recovery of the
cinema business
Primarily due to the increases in
Net profit attributable to shareholders of the
revenue gross profit and non-
listed company_from the beginning of the 378.84
recurring profit or loss for the first
year to the end of the reporting period
three quarters
Primarily due to the increase in the
gross profit margin and the decrease
Net profit attributable to shareholders of the in the income tax expenses caused by
101.06
listed company_during the reporting period additional deduction of research and
development expenses during the
reporting period
Net profit attributable to shareholders of the Primarily due to the increases in
listed company after deduction of non- revenue and gross profit margin for
N/A
recurring profit or loss_from the beginning the first three quarters
of the year to the end of the reporting period
Primarily due to the increase in the
Net profit attributable to shareholders of the gross profit margin and the decrease
listed company after deduction of non- in the income tax expenses caused by
123.21
recurring profit or loss_during the reporting additional deduction of research and
period development expenses during the
reporting period
5 / 22The Third Quarter Report in 2021
Net cash flow from operating Primarily due to the increases in
activities_from the beginning of the year to -118.46 strategic stocking and prepayments
the end of the reporting period for the first third quarters
Basic earnings per share (RMB/share)_from Primarily due to the increase in the
the beginning of the year to the end of the 370.00 profit of the Company for the first
reporting period three quarters
Primarily due to the increase in the
Basic earnings per share
85.71 profit of the Company during the
(RMB/share)_during the reporting period
reporting period
Diluted earnings per share Primarily due to the increase in the
(RMB/share)_from the beginning of the 360.00 profit of the Company for the first
year to the end of the reporting period three quarters
Primarily due to the increase in the
Diluted earnings per share
85.71 profit of the Company during the
(RMB/share)_during the reporting period
reporting period
II. Shareholder information
(I) 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 ordinary
shareholders with resumed
shares at the end of 14306 N/A
voting right during the
the reporting
reporting period (if any)
period
Shareholding status of top 10 shareholders
Number of Shares pledged or
restricted frozen
Propor shares held
tion of Number of including
Shareholder Number of
Shareholder name shareh restricted the shares
nature shares held
olding shares held lent out
Status Number
(%) under the
refinancing
arrangement
Domestic
Shenzhen
non-stated
Appotronics 79762679 17.62 79762679 79762679 None 0
owned legal
Holdings Limited
person
6 / 22The Third Quarter Report in 2021
CITIC PE
Investment (Hong Overseas
25682693 5.67 0 0 None 0
Kong) 2016 legal person
Limited
SAIF IV Hong
Kong (China Overseas
24554268 5.42 0 0 None 0
Investments) legal person
Limited
Shenzhen Yuanshi
Laser Industrial
Investment Others 24139500 5.33 24139500 24139500 None 0
Consulting
Partnership (LP)
Nantong Strait
Appotronics
Others 23080329 5.10 0 0 None 0
Investment
Partnership (LP)
Shenzhen
Appotronics Daye
Others 20430250 4.51 20430250 20430250 None 0
Investment
Partnership (LP)
Shenzhen
Appotronics
Hongye Others 15662374 3.46 15662374 15662374 None 0
Investment
Partnership (LP)
Shenzhen
Jinleijing
Investment Others 12353106 2.73 12353106 12353106 None 0
Limited
Partnership (LP)
GREEN FUTURE
Overseas
HOLDINGS 12333426 2.72 0 0 None 0
legal person
LIMITED
Shenzhen
Appotronics
Chengye Others 10394846 2.30 10394846 10394846 None 0
Consulting
Partnership (LP)
Shareholdings of top 10 unrestricted shareholders
Type and number of shares
Shareholder name Number of unrestricted shares held
Share type Number
7 / 22The Third Quarter Report in 2021
CITIC PE
Investment (Hong RMB-denominated
2568269325682693
Kong) 2016 ordinary share
Limited
SAIF IV Hong
Kong (China RMB-denominated
2455426824554268
Investments) ordinary share
Limited
Nantong Strait
Appotronics RMB-denominated
2308032923080329
Investment ordinary share
Partnership (LP)
GREEN FUTURE
RMB-denominated
HOLDINGS 12333426 12333426
ordinary share
LIMITED
Smart Team
RMB-denominated
Investment 6605948 6605948
ordinary share
Limited
Shenzhen
Guochuang
Chenggu Capital
Management Co. RMB-denominated
64643696464369
Ltd. - Shenzhen ordinary share
Chengguhui
Equity Investment
Partnership (LP)
Shenzhen
Liansong Capital RMB-denominated
58338175833817
Management ordinary share
Partnership (LP)
China Merchants
Bank Co. Ltd. -
Huaxia SSE STAR
Market 50 RMB-denominated
51971495197149
Constituent ordinary share
Trading Open-end
Index Securities
Investment Fund
8 / 22The Third Quarter Report in 2021
China Merchants
Bank Co. Ltd. -
One-year ABC
RMB-denominated
Huili Strategic 4640822 4640822
ordinary share
Income Hybrid
Securities
Investment Fund
China
Construction Bank
Corporation-
Invesco Great
RMB-denominated
Wall 4379557 4379557
ordinary share
Environmental
Advantage Stock
Securities
Investment Fund
Description of
related party As of the end of the reporting period Appotronics Holdings Yuanshi Appotronics Daye
relationship or Appotronics Hongye Jinleijing Appotronics Chengye and BLACKPINE Investment
concerted action Corp. Limited are acting-in-concert parties. Besides the Company has not received any
of the said notice about related or acting-in-concert parties among other shareholders stated above.shareholders
Description of
participation in the
securities margin
trading and short
selling (if any) by N/A
top 10
shareholders and
top 10 holders of
tradable shares
III. Other reminders
The investors are requested to pay attention to other important information on the business of the
Company for the reporting period
√ Applicable□ N/A
(I) Litigation
1. During the reporting period the Company received the (2021) Zui Gao Fa Zhi Min Zhong
No. 1048) Civil Ruling issued by the Supreme People’s Court in August 2021 (corresponding to the
case of the first instance: (2019) Yue 73 Zhi Min Chu No. 663 in the first instance Appotronics
was determined to not commit the infringement and all claims made by Delta were dismissed). In
the process of the trial by the Supreme People’s Court Delta applied for withdrawing the lawsuit
and the Supreme People's Court made a ruling that Delta is allowed to withdraw the lawsuit.
9 / 22The Third Quarter Report in 2021
2. During the reporting period the Company received the (2021) Zui Gao Zhi Min Zhong No.
639 Civil Ruling issued by the Supreme People’s Court in September 2021 (corresponding to the
case of the first instance: (2019) Jing 73 Min Chu No. 1277 as the patents involved have been
declared invalid by the State Intellectual Property Office and the lawsuit filed by Delta was
dismissed upon the ruling of the first instance). The Supreme People’s Court upheld the ruling of
the first instance and judged that the litigation filed by Delta was dismissed.
3. During the reporting period the Company received two notices of response issued by the
Shanghai Intellectual Property Court ((2021) Hu 73 Zhi Min Chu No. 1069 and 1070) and the
amount involved in the lawsuit totaled RMB 32.02 million. Delta as the plaintiff filed a patent
infringement lawsuit against the Company the patents involved in the lawsuit were patents forinvention including ZL201410249663.7 “Method for manufacturing light source module and colorwheel” and ZL201110041436.1 “Heat dissipation assembly and projection device with the same.”
After the analysis the Company preliminarily determines that it does not commit the infringement
in such two cases it will actively respond to the lawsuit and take relevant legal measures to claim
its own legitimate rights and interests.(II) Petition for invalidation
As of the disclosure date of this Report there have been three invalidation cases where the
Company acted as a patentee which are in trial at the State Intellectual Property Office. The patents
involved in cases were ZL200810065225.X ZL201110086731.9 and ZL201510464408.9.As of the disclosure date of this Report there has been one invalidation case that the Company
as a petitioner brought against Delta which is in trial at the State Intellectual Property Office.IV. Quarter financial statements
(I)Audit opinion
□ Applicable√ N/A
Financial statements
Consolidated Balance Sheet
September 30 2021
Prepared by: Appotronics Corporation Limited
In RMB Unaudited
Item September 30 2021 December 31 2020
Current Assets:
Monetary capital 703333209.24 1037760573.27
Settlement reserve
Inter-bank lending
Held-for-trading financial
585000000.00114000000.00
assets
Derivative financial assets
Notes receivable 6753787.31 3726328.91
10 / 22The Third Quarter Report in 2021
Accounts receivable 199512521.37 341660832.43
Receivables financing 2386000.00 11959000.00
Prepayments 110640789.39 47447601.43
Premiums receivable
Amounts receivable under
reinsurance contracts
Reinsurer's share of insurance
contract reserves
Other receivables 18062326.12 12534062.15
Including: Interest receivable
Dividends receivable
Redemptory monetary capital
for sale
Inventories 752859798.88 418812140.80
Contract assets 6532419.33 3744655.50
Held-for-sale assets
Non-current assets due within
one year
Other current assets 53254499.37 13002195.46
Total Current Assets 2438335351.01 2004647389.95
Non-current Assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables 6126264.99 13196087.78
Long-term equity investments 298050188.64 262744772.48
Other equity instrument
11975419.3811975419.38
investments
Other non-current financial
assets
Investment properties
Fixed assets 460966280.07 447571328.91
Construction in progress 116539353.99 51576850.72
Bearer biological assets
Oil and gas assets
Use right assets 30783998.55
Intangible assets 311592235.74 320488235.60
Development expenditure
Goodwill
Long-term prepaid expenses 10571226.72 11572346.79
Deferred tax assets 103784308.65 96132114.02
11 / 22The Third Quarter Report in 2021
Other non-current assets 13300804.28 6299781.06
Total Non-current Assets 1363690081.01 1221556936.74
Total assets 3802025432.02 3226204326.69
Current Liabilities:
Short-term borrowings 5567645.00 88778852.86
Loans from the central bank
Taking from banks and other
financial institutions
Held-for-trading financial
liabilities
Derivative financial liabilities
Notes payable 144667187.09 116822674.67
Accounts payable 243489117.26 226494815.90
Receipts in advance 133627491.22 153258189.88
Contract liabilities 36139493.07 31518312.59
Income from sale of the
repurchased financial assets
Deposits taking and interbank
placement
Acting trading securities
Acting underwriting securities
Employee benefits payable 26903573.70 46105566.15
Taxes payable 30757529.88 19871846.94
Other payables 253751013.97 59848053.83
Including: Interest payable
Dividends payable
Service charge and
commissions payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due
123373388.14181417412.46
within one year
Other current liabilities 3647893.92 3045831.07
Total Current Liabilities 1001924333.25 927161556.35
Non-current Liabilities:
Insurance contract reserves
Long-term borrowings 320054686.09 64845281.53
Bonds payable
Including: Preferred shares
Perpetual bonds
Leasing liabilities 32493477.18
Long-term payables 3242700.00 3262450.00
12 / 22The Third Quarter Report in 2021
Long-term employee benefits
payable
Estimated liabilities 33102029.79 28799354.65
Deferred income 14227863.58 16723257.15
Deferred tax liabilities
Other non-current liabilities
Total Non-current
403120756.64113630343.33
Liabilities
Total Liabilities 1405045089.89 1040791899.68
Owners’ (or Shareholders’) equity:
Paid-in capital (or share
452756901.00452756901.00
capital)
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 1380591521.75 1249020991.15
Less: Treasury shares
Other comprehensive income -7893207.36 -3214291.93
Special reserve
Surplus reserve 35242179.57 35242179.57
General risk reserve
Retained profits 544287955.86 357793891.96
Total owners’(or
Shareholders’) equity attributable 2404985350.82 2091599671.75
to owners of the Parent Company
Minority interests -8005008.69 93812755.26
Total owners’ (or
2396980342.132185412427.01
Shareholders’) equity
Total liabilities and
owners’ (or Shareholders’) 3802025432.02 3226204326.69
equity
Legal Representative: BO Lianming Person in Charge of the Accounting Body: WANG Yingxia
Chief Accountant: LIU Jie
Consolidated Income Statement
For the period from January to September 2021
Prepared by: Appotronics Corporation Limited
In RMB Unaudited
The First Three The First Three
Quarters in 2021 Quarters in 2020
Item
(From January to (From January to
September) September)
13 / 22The Third Quarter Report in 2021
I. Turnover 1660621770.06 1238398708.87
Including: Operating income 1660621770.06 1238398708.87
Interest income
Premiums earned
Service charge and commission
income
II. Total operating costs 1522416553.31 1248451362.20
Including: Operating costs 1076872169.84 892453334.39
Interest expenses
Service charge and commission
expenses
Surrender value
Net compensation expenses
Net withdrawal of insurance
contract reserves
Payment of policy dividends
Expenses for reinsurance
Taxes and levies 5617717.41 4205362.39
Selling expenses 145563099.50 83078892.91
Administrative expenses 132895382.17 113115280.56
R&D expenses 155853227.70 146557856.84
Financial expenses 5614956.69 9040635.11
Including: Interest expense 18318882.49 16194534.70
Interest income 14347106.01 7366346.43
Add: other income 63720294.62 38477908.99
Investment income (loss is
14662288.4612610023.47
indicated by “-”)
Including: Income from
investments in associates and joint 8747066.17 -149153.80
ventures
Gains from derecognition
of financial assets at amortized assets
Exchange gains (loss is indicated
by “-”)
Gains from net exposure hedges
(loss is indicated by “-”)
Gains from changes in fair values
38250576.00
(loss is indicated by “-”)
Losses of credit impairment (loss
5758981.722199052.47
is indicated by “-”)
Impairment losses of assets (loss
-14281326.09-8929461.13
is indicated by “-”)
14 / 22The Third Quarter Report in 2021
Gains from disposal of assets
2806008.82416243.15
(loss is indicated by “-”)
III. Operating profit (loss is indicated by
249122040.2834721113.62
“-”)
Add: Non-operating income 22396289.78 876830.38
Less: Non-operating expenses 710619.08 854035.98
IV. Total profits (total losses are
270807710.9834743908.02
indicated by “-”)
Less: Income tax expenses 45287451.51 18096689.22
V. Net profits (net losses are indicated
225520259.4716647218.80
by “-”)
(I) Categorized by the sustainability of operation
1. Net profits from sustainable
operations (net losses are indicated by 225520259.47 16647218.80
“-”)
2. Net profits from termination
operations (net losses are indicated by
“-”)
(II) Categorized by the ownership
1. Net profits attributable to
shareholders of the Parent Company (net 211350740.98 44138225.23
losses are indicated by “-”)
2. Profits or losses attributable to
minority shareholders (net losses are 14169518.49 -27491006.43
indicated by “-”)
VI. Net of other comprehensive income
-4661497.442236630.70
after tax
(I) Net of other comprehensive
income after tax attributable to owners -4678915.43 2205949.42
of the Parent Company
1. Other comprehensive income
that cannot be reclassified to profit or
loss
(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
-4678915.432205949.42
that will be reclassified to profit or loss
15 / 22The Third Quarter Report in 2021
(1) Other comprehensive income that
will be reclassified to profit or loss under 6635497.46
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) Converted difference in foreign
-4678915.43-4429548.04
currencies statements
(7) Others
(II) Net of other comprehensive
income after tax that can be attributable 17417.99 30681.28
to minority shareholders
VII. Total comprehensive income 220858762.03 18883849.50
(I) Total comprehensive income that
can be attributable to owners of the 206671825.55 46344174.65
Parent Company
(II) Total comprehensive income that
can be attributable to minority 14186936.48 -27460325.15
shareholders
VIII. Earnings per share:
(I) Basic earnings per share
0.470.10
(RMB/share)
(II) Diluted earnings per share
0.460.10
(RMB/share)
Legal Representative: BO Lianming Person in Charge of the Accounting Body: WANG Yingxia
Chief Accountant: LIU Jie
Consolidated Cash Flow Statement
For the period from January to September 2021
Prepared by: Appotronics Corporation Limited
In RMB Unaudited
Item The First Three The First Three
Quarters in 2021 (From Quarters in 2020 (From
January to September) January to September)
I. Cash Flows from Operating
Activities:
Cash receipts from the sale of
2048876161.321457706115.99
goods and the rendering of services
16 / 22The Third Quarter Report in 2021
Net increase in customer deposits
taking and interbank placement
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 3976915.95 5764495.55
Other cash receipts relating to
121666254.86131484147.03
operating activities
Sub-total of cash inflows from
2174519332.131594954758.57
operating activities
Cash payments for goods
1668381738.551026554782.15
purchased and services received
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
service charge and commissions
Cash payments for insurance
policyholder dividends
Cash payments to and for
252707702.15224599412.16
employees
Payments of various types of taxes 66765688.03 55076208.73
17 / 22The Third Quarter Report in 2021
Other cash payments relating to
207581087.21175407612.24
operating activities
Sub-total of cash outflows from
2195436215.941481638015.28
operating activities
Net cash flow from operating
-20916883.81113316743.29
activities
II. Cash Flows from Investing
Activities:
Cash receipts from disposals and
1263000000.001810000000.00
recovery of investments
Cash receipts from investment
5915222.2912759177.27
income
Net cash receipts from disposals
of fixed assets intangible assets and 14860.00 3600.00
other long-term assets
Net cash receipts from disposals
of subsidiaries and other business
units
Other cash receipts relating to
investing activities
Sub-total of cash inflows from
1268930082.291822762777.27
investing activities
Cash payments to acquire or
construct fixed assets intangible 71898602.19 44898632.06
assets and other long-term assets
Cash payments to acquire
1768048387.322062213540.00
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
1839946989.512107112172.06
investing activities
Net cash flow from investing
-571016907.22-284349394.79
activities
III. Cash Flows from Financing
Activities:
Cash receipts from capital 10131579.00
contributions
18 / 22The Third Quarter Report in 2021
Including: cash receipts from 10131579.00
capital contributions from minority
shareholders of subsidiaries
Cash receipts from borrowings 377914331.79 98922683.45
Other cash receipts relating to 215000000.00 19320000.00
financing activities
Sub-total of cash inflows from 603045910.79 118242683.45
financing activities
Cash repayments of borrowings 264982699.04 248568075.70
Cash payments for distribution of 53970048.18 50497914.29
dividends or profits or settlement of
interest expenses
Including: payments for 18400000.00
distribution of dividends or profits to
minority shareholders of subsidiaries
Other cash payments relating to 37065490.51 187880.36
financing activities
Sub-total of cash outflows from 356018237.73 299253870.35
financing activities
Net cash flow from financing 247027673.06 -181011186.90
activities
IV. Effect of Foreign Exchange -523591.99 -3483946.39
Rate Changes on Cash and Cash
Equivalents
V. Net Increase in Cash and Cash -345429709.96 -355527784.79
Equivalents
Add: Opening balance of cash and 983525089.44 829789487.86
cash equivalents
VI. Ending Balance of Cash and 638095379.48 474261703.07
Cash Equivalents
Legal Representative: BO Lianming Person in Charge of the Accounting Body: WANG Yingxia
Chief Accountant: LIU Jie
(II) Description of adjustments in opening balances of line items in financial statements of the
year due to the implementation of new lease standard since 2021
√Applicable □ N/A
Consolidated Balance Sheet
In RMB
December 31 Adjusted
Item January 1 2021
2020 amount
Current Assets:
Monetary capital 1037760573.27 1037760573.27
19 / 22The Third Quarter Report in 2021
Settlement reserve
Inter-bank lending
Held-for-trading financial 114000000.00 114000000.00
assets
Derivative financial assets
Notes receivable 3726328.91 3726328.91
Accounts receivable 341660832.43 341660832.43
Receivables financing 11959000.00 11959000.00
Prepayments 47447601.43 49174631.52 1727030.09
Premiums receivable
Amounts receivable under
reinsurance contracts
Reinsurer’s share of
insurance contract reserves
Other receivables 12534062.15 12534062.15
Including: Interest receivable
Dividends receivable
Redemptory monetary
capital for sale
Inventories 418812140.80 418812140.80
Contract assets 3744655.50 3744655.50
Held-for-sale assets
Non-current assets due
within one year
Other current assets 13002195.46 13002195.46
Total Current Assets 2004647389.95 2006374420.04 1727030.09
Non-current Assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables 13196087.78 13196087.78
Long-term equity 262744772.48 262744772.48
investments
Other equity instrument 11975419.38 11975419.38
investments
Other non-current financial
assets
Investment properties
Fixed assets 447571328.91 447571328.91
Construction in progress 51576850.72 51576850.72
Bearer biological assets
Oil and gas assets
Use right assets 39368070.17 39368070.17
20 / 22The Third Quarter Report in 2021
Intangible assets 320488235.60 320488235.60
Development expenditure
Goodwill
Long-term prepaid expenses 11572346.79 11572346.79
Deferred tax assets 96132114.02 96455790.38 323676.36
Other non-current assets 6299781.06 6299781.06
Total Non-current Assets 1221556936.74 1261248683.27 39691746.53
Total assets 3226204326.69 3267623103.31 41418776.62
Current Liabilities:
Short-term borrowings 88778852.86 88778852.86
Loans from the central bank
Taking from banks and other
financial institutions
Held-for-trading financial
liabilities
Derivative financial
liabilities
Notes payable 116822674.67 116822674.67
Accounts payable 226494815.90 226494815.90
Receipts in advance 153258189.88 153258189.88
Contract liabilities 31518312.59 31518312.59
Income from sale of the
repurchased financial assets
Deposits taking and
interbank placement
Acting trading securities
Acting underwriting
securities
Employee benefits payable 46105566.15 46105566.15
Taxes payable 19871846.94 19871846.94
Other payables 59848053.83 58821952.01 -1026101.82
Including: Interest payable
Dividends payable
Service charge and
commissions payable
Payable reinsurance
Held-for-sale liabilities
Non-current liabilities due 181417412.46 200024423.85 18607011.39
within one year
Other current liabilities 3045831.07 3045831.07
Total Current Liabilities 927161556.35 944742465.92 17580909.57
Non-current Liabilities:
Insurance contract reserves
21 / 22The Third Quarter Report in 2021
Long-term borrowings 64845281.53 64845281.53
Bonds payable
Including: Preferred shares
Perpetual bonds
Leasing liabilities 23804845.36 23804845.36
Long-term payables 3262450.00 3262450.00
Long-term employee
benefits payable
Estimated liabilities 28799354.65 28799354.65
Deferred income 16723257.15 16723257.15
Deferred tax liabilities
Other non-current liabilities
Total Non-current 113630343.33 137435188.69 23804845.36
Liabilities
Total Liabilities 1040791899.68 1082177654.61 41385754.93
Owners’ (or Shareholders’) equity:
Paid-in capital (or share
452756901.00452756901.00
capital)
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 1249020991.15 1249020991.15
Less: Treasury shares
Other comprehensive income -3214291.93 -3214291.93
Special reserve
Surplus reserve 35242179.57 35242179.57
General risk reserve
Retained profits 357793891.96 357838162.29 44270.33
Total Owners’ (or
Shareholders’) Equity
2091599671.752091643942.0844270.33
Attributable to Owners of the
Parent Company
Minority interests 93812755.26 93801506.62 -11248.64
Total Owners’ (or
2185412427.012185445448.7033021.69
Shareholders’) Equity
Total Liabilities and
Owners’ (or Shareholders’) 3226204326.69 3267623103.31 41418776.62
Equity
Description of adjustments on each item:
√Applicable □ N/A
The Company implements new lease standards for the first time since January 1 2021 to recognize
the right-of-use assets and lease liabilities and adjust the relevant items in the financial statements.
22 / 22The Third Quarter Report in 2021
This Report is hereby announced.Board of Directors of Appotronics Corporation Limited
October 23 2021