[一季报]光峰科技(688007):2023年第一季度报告（英文版）

 时间：2023年06月21日 19:39:09 中财网

原标题:光峰科技:2023年第一季度报告（英文版）

The Board of Directors of the Company and all directors warrant that this Announcement is free from any misrepresentation, misleading statement, or material omission, and shall be jointly and severally liable for the truthfulness, accuracy, and completeness of the content hereof.
Important Notes
(I)The Board of Directors, the Board of Supervisors, directors, supervisors, and senior officers of the
Company hereby warrant that the information contained in this Quarterly Report is true, accurate and
complete and this Quarterly Report is free from any misrepresentation, misleading statement or material omission, and agree to assume joint and several liability for this Quarterly Report. (II)The Principal, Person in Charge of the Accounting Body, and Chief Accountant of the Company hereby represent that the information of the financial statements contained in this Quarterly Report are
true, accurate and complete.
(III)Whether the financial statements of the 1st quarter have been audited □ Yes √ No

本报告为深圳光峰科技股份有限公司自愿披露的《2023年第一季度报告（英文版）》，对本报告的中英文版本理解上发生歧义时，以中文版本为准。

This is the First Quarterly Report in 2023 (English version) voluntarily disclosed by Appotronics Corporation Limited. In the event of any discrepancy between the English and Chinese versions of this
report, the Chinese version shall prevail.


ItemDuring the reporting periodChange on a year-on-year basis (%)　
Operating income459,012,885.14-12.59　
Net profit attributable to shareholders of the listed company13,654,664.95-23.54　
Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss-11,377,457.90-2,165.97　
Net cash flow from operating activities-36,331,090.68N/A　
Basic earnings per share (RMB/share)0.03-25.00　
Diluted earnings per share (RMB/share)0.03-25.00　
Weighted average return on net assets (%)0.51-0.22 Percentage points　
Total R&D investments63,434,898.2015.49　
Proportion of R&D investments to operating income (%)13.82　+3.36 Percentage points
　At the end of the reporting periodAt the end of the prior yearChanges at the end of the reporting period from the end of the prior year (%)
Total assets4,357,740,302.444,333,350,260.150.56
Owners’ equity attributable to shareholders of the listed company2,674,401,681.672,647,663,487.591.01

(V) Items and amounts of non-recurring profit or loss
In RMB

ItemAmount for the current periodDescription

Gain or loss on disposal of non-current assets-108,462.62　
Government grants recognized in profit or loss for the current period (excluding government grants that are closely related to the business of the Company and are provided in fixed amount or quantity continuously according to the applicable polices and standards of the country)17,997,782.24　
Profit or loss on entrusted investments or assets management2,338,845.55　
Net profit or loss of subsidiaries from the beginning of the period up to the business combination date recognized as a result of business combination of enterprises involving enterprises under common control7,383,154.62　
Profit or loss on changes in the fair value of held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities and derivative financial liabilities and investment income on disposal of held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, derivative financial liabilities and other debt investments, other than those used in the effective hedging activities relating to normal operating business13,000.00　
Receivables that are separately tested for impairment and impairment of contract assets preparing to be reversed69,851.05　
Other non-operating income and expenses298,864.40　
Other profits or losses meeting the definition of non-recurring profit or loss426,752.17　
Less: Effect of income taxes3,096,907.64　
Effects attributable to minority interests (net of tax)290,756.91　
Total25,032,122.85　

Description of defining non-recurring profit or loss items illustrated in Information Disclosure and
Presentation Rules for Companies Making Public Offering of Securities No. 1－Non-recurring Profit or Loss as recurring profit or loss items
□ Applicable √ N/A

(VI) Description of and reasons for changes in the main accounting data and financial
Item% ChangeMain reason
Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss-2,165.97This was mainly due to a combination of reasons such as lower revenue, increased investment in marketing and R&D.

1. Analysis of operating conditions
In the face of complex and changeable internal and external environment, the Company always adheres to the strategic focus of " core technologies+ core devices + application scenarios ", and actively
adapts to changes in uncertainty. With profound technology accumulation in the field of optics, the
Company grasps the market opportunities brought by the steady advancement of the "core devices" strategy, continues to increase R&D investment in growth businesses such as automotive optics, strives
to build a new growth pole of the Company's performance, and pursues the Company's high-quality growth. In the first quarter of 2023, the Company's main operating conditions are as follows: Since entering the automotive optical track, the Company has continued to make breakthroughs in the automotive optical business, quickly obtained the IATF 16949:2016 quality management system certification, obtained the access pass to enter the domestic and foreign automotive industry supply
chain, and obtained the Development Nomination Letter issued by BYD, an internationally renowned brand car company, Seres and other well-known car companies, to achieve rapid growth of automotive optical business.
At the International Consumer Electronics Show (CES 2023) held in January 2023, automotive brand BMW unveiled the world's first concept car equipped with four-window fusion display technology—Dee, for which the Company provided four-window fusion display technology module. At the recently held 20th Shanghai International Automotive Industry Exhibition, the Company released the
world's first automotive-grade RGB laser headlights, showing immersive in-car digital interaction solutions such as exterior window display, in-car transparent display, in-car entertainment screen, and
smart surface display, demonstrating the Company's new ideas for various scenarios of future automotive optics, bringing a smarter and more interesting driving experience to drivers and passengers.
In addition, the Company attaches great importance to the patent layout of automotive optical for patents related to automotive optical technology; as of March 31, 2023, the cumulative number of
patents authorized and applied for automotive optical technology reached 170. With the rapid development of electric vehicle intelligence, the Company will continue to expand the automotive optical business around the three application directions of automotive display, laser
headlights, and HUD, and work with industry chain ecological partners to jointly create a new intelligent
car experience for consumers.
In terms of cinema projection service business, in 2023, the supply of film sources and the pace of
release are recovering, and the cinema market is gradually recovering. In the first quarter of 2023, the
Company's cinema projection service business achieved an operating income of RMB 90.9638 million, a
year-on-year increase of 11.03%.
In terms of professional display business, the Company continued to strengthen strategic cooperation with core customers and industry chain partners, and held a core partner summit with the
theme of "Working Together to Shine the World" in March 2023. During the reporting period, the Company's professional display business recovered well as a whole, with an increase of 22.11% in operating income over the same period last year, of which the overseas special display business expanded rapidly, and the operating income increased by 74.71% over the same period last year. In terms of C-end own brands, Formovie further focused on its own brand construction, and its own brand business revenue was basically the same as the same period last year, and its revenue accounted
for more than 70% of Formovie's total revenue, and its comprehensive gross profit margin increased significantly.

2. Analysis of profit influencing factors
(1) Operating income
During the reporting period, the Xiaomi ODM business revenue of its subsidiary decreased by 53.12% compared with the same period last year, which was the main force to burden the pressure on the Company's revenue performance.
(2) Fees
During the reporting period, the Company increased R&D investment in growth businesses such as automotive optics, and R&D expenses increased by RMB 8.5099 million, a year-on-year increase of
Total number of ordinary shareholders as of the end of the reporting period13,902Total number of preferred shareholders whose voting right has been restituted as of the end of the reporting period (if any)N/A　　　　
Shares held by top 10 shareholders　　　　　　　
ShareholderNature of shareholderNumber of shares heldProport ion of sharehol ding (%)Numbe r of non-tra dable shares heldNumber of non-tradable shares held, including the shares lent out under the refinancing arrangementShares pledged, marked, or frozen　
　　　　　　Status of sharesQuan tity
Shenzhen Appotronics Holdings LimitedDomestic non-stated owned corporation79,762,67917.4500None-
Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP)Domestic non-stated owned corporation24,139,5005.2800None-
Nantong Strait Appotronics Investment Partnership (LP)Domestic non-stated owned corporation22,780,3294.9800None-
Shenzhen Appotronics Daye Investment Partnership (LP)Domestic non-stated owned corporation20,430,2504.4700None-

Shenzhen Appotronics Hongye Investment Partnership (LP)Domestic non-stated owned corporation15,662,3743.4300None-
Shenzhen Jinleijing Investment Limited Partnership(LP)Domestic non-stated owned corporation12,353,1062.7000None-
Shenzhen Appotronics Chengye Consulting Partnership(LP)Domestic non-stated Owned corporation10,394,8462.2700None-
Bank of China-E Fund Stable Income Bond Securities Investment Fundother8,629,2711.8900None-
Shenzhen Guochuang Chenggu Capital Management Co., Ltd. -Shenzhen Chengguhui Equity Investment Partnership (LP)Domestic non-stated owned corporation8,114,3691.7800None-
Industrial Bank Company Limited-Tianhong Yongli Bond Securities Investment Fundother7,788,0751.7000None-
Shares held by top 10 holders of tradable shares　　　　　　　
ShareholderNumber of tradable shares heldType and number of shares　　　　　
　　Type of sharesQuantity　　　　
Shenzhen Appotronics Holdings Limited79,762,679RMB-denominated ordinary share79,762,679　　　　
Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP)24,139,500RMB-denominated ordinary share24,139,500　　　　

Nantong Strait Appotronics Investment Partnership (LP)22,780,329RMB-denominated ordinary share22,780,329
Shenzhen Appotronics Daye Investment Partnership (LP)20,430,250RMB-denominated ordinary share20,430,250
Shenzhen Appotronics Hongye Investment Partnership (LP)15,662,374RMB-denominated ordinary share15,662,374
Shenzhen Jinleijing Investment Limited Partnership(LP)12,353,106RMB-denominated ordinary share12,353,106
Shenzhen Appotronics Chengye Consulting Partnership(LP)10,394,846RMB-denominated ordinary share10,394,846
Bank of China-E Fund Stable Income Bond Securities Investment Fund8,629,271RMB-denominated ordinary share8,629,271
Shenzhen Guochuang Chenggu Capital Management Co., Ltd. -Shenzhen Chengguhui Equity Investment Partnership (LP)8,114,369RMB-denominated ordinary share8,114,369
Industrial Bank Company Limited-Tianhong Yongli Bond Securities Investment Fund7,788,075RMB-denominated ordinary share7,788,075
Affiliates or concert parties among the shareholders stated above1. As of March 31, 2023, there is a related-party relationship or concerted action, except the concerted action among Shenzhen Appotronics Holdings Limited., Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP), Shenzhen Appotronics Daye Investment Partnership (LP), Shenzhen Appotronics Hongye Investment Partnership (LP), Shenzhen Jinleijing Investment Limited Partnership (LP), and Shenzhen Appotronics Chengye Consulting Partnership (LP) in top 10 shareholders of the Company. 2. We are not aware whether there are affiliates or concert parties as defined in the Administrative Measures for the Acquisition of the Listed Companies among other shareholders.　　
Description of margin trading, short selling, and refinancing involving top 10 shareholders and top 10 holders of non-restricted shares (if any)N/A　　

Other important information about the business operation of the Company during the reporting period
requesting the attention of investors

√ Applicable □ N/A
(I) Litigation and arbitration
During the reporting period, the details of the Company's litigation and arbitration matters are as
follows:
1. The Company received the closing ruling of the Guangzhou Intellectual Property Court on case numbers (2020) Yue 73 Zhi Min Chu No.1335-1341, 1353 and 1355-1361. 2. (2023) Hu 73 Zhi Min Chu No.15 case (original case number: (2021) Hu 73 Zhi Min Chu No.1070), Delta Electronics, Inc. is the right holder of the invention patent No.ZL201110041436.1, and
it claims that the Company and Shanghai Haichi Digital Technology Co., Ltd. have infringed its invention patent right, and the case is being tried at first instance. (II) Request for invalidation declaration
1. As of the end of the reporting period, the Company filed an invalidation request against the patents held by Delta Electronics, Inc., and 3 cases were under trial by the State Intellectual Property
Office.
2. As of the end of the reporting period, the Company's patent with the Company itself as the patentee has been filed with an invalidation request, and 3 cases are under trial by the State Intellectual
Property Office, the patents involved are the “light source structure based on phosphor to improve the
light conversion efficiency” (patent number: 200810065225.X), “phosphor layer, device and corresponding light source and projection system, and corresponding production method” (patent number: ZL201510420950.4), “optical system and projection device” (patent number: ZL202220267901.7).

IV. Quarterly financial statements
(I) Type of audit opinions

□ Applicable √ N/A

(II) Financial statements


ItemMarch 31, 2023December 31, 2022
Current Assets:　　
Cash and bank balances1,469,396,456.061,355,882,208.63
Balances with clearing agencies　　
Placements with banks and other financial institutions　　
Held-for-trading financial assets357,880,000.00352,880,000.00
Derivative financial assets　　
Notes receivable2,699,977.522,234,687.77
Accounts receivable144,756,256.94208,260,235.79
Receivables financing4,448,898.004,279,041.00
Prepayments40,571,724.9148,445,976.86
Premiums receivable　　
Amounts receivable under reinsurance contracts　　
Reinsurer’s share of insurance contract reserves　　
Other receivables27,100,787.0826,331,721.55
Including: Interest receivable　　
Dividend receivable13,605,966.0013,789,908.00
Financial assets purchased under resale agreements　　
Inventories851,103,674.04865,639,961.79
Contract assets866,469.791,061,581.35
Assets held for sale　　
Non-current assets due within one year19,900,783.0913,431,554.82
Other current assets103,314,002.06106,502,611.79
Total current assets3,022,039,029.492,984,949,581.35
Non-current Assets:　　

Loans and advances　　
Debt investments　　
Other debt investments　　
Long-term accounts receivable13,939,785.5011,524,193.80
Long-term equity investment160,185,985.74162,394,917.57
Investment in other equity instruments7,075,419.387,075,419.38
Other non-current financial assets　　
Investment property　　
Fixed assets402,916,872.24427,539,718.53
Construction in progress291,969,144.16278,978,057.73
Productive biological assets　　
Oil and gas assets　　
Use right assets63,613,309.1462,255,670.29
Intangible assets289,270,280.89290,341,693.08
Development expenditure　　
Goodwill　　
Long-term prepaid expenses7,283,451.215,990,984.03
Deferred tax assets85,124,160.7489,730,936.02
Other non-current assets14,322,863.9512,569,088.37
Total non-current assets1,335,701,272.951,348,400,678.80
Total assets4,357,740,302.444,333,350,260.15
Current Liabilities:　　
Short-term borrowings159,659,634.03129,589,634.03
Loans from the central bank　　
Taking from banks and other financial institutions　　
Held-for-trading financial liabilities　　
Derivative financial liabilities54,000.00　
Notes payable116,054,205.55201,299,388.57
Accounts payable206,616,328.35276,845,321.28
Advance from customers101,754,238.14113,834,728.10
Contract liabilities54,030,723.4437,285,920.43
Financial assets sold under repurchase agreements　　

Customer deposits and deposits from banks and other financial institutions　　
Funds from securities trading agency　　
Funds from underwriting securities agency　　
Employee benefits payable29,226,329.4958,470,960.55
Taxes payable2,462,789.928,272,768.90
Other payables49,223,795.8956,662,357.08
Including: Interest payable　　
Dividend payable　　
Fees and commissions payable　　
Amounts payable under reinsurance contracts　　
Liabilities held for sale　　
Non-current liabilities due within one year131,081,219.93178,031,817.37
Other current liabilities31,215,539.5628,383,608.37
Total current liabilities881,378,804.301,088,676,504.68
Non-current Liabilities:　　
Insurance contract reserves　　
Long-term borrowings621,520,837.98403,720,542.45
Bonds payable　　
Including: Preferred shares　　
Perpetual bonds　　
Leasing liabilities39,043,877.9034,319,284.23
Long-term payables　　
Long-term employee benefits payable　　
Estimated liabilities54,433,268.1756,463,882.87
Deferred income5,675,578.548,651,422.26
Deferred tax liabilities　　
Other non-current liabilities　　
Total non-current liabilities720,673,562.59503,155,131.81
Total liabilities1,602,052,366.891,591,831,636.49

Owners’ Equity (Shareholders’ Equity):　　
Paid-in capital (or share capital)457,107,538.00457,107,538.00
Other equity instruments　　
Including: Preferred shares　　
Perpetual bonds　　
Capital reserve1,543,948,489.411,530,752,116.04
Less: Treasury shares19,377,297.5919,377,297.59
Other comprehensive income5,624,053.175,736,897.41
Special reserve　　
Surplus reserve75,519,782.0675,519,782.06
General risk reserve　　
Undistributed profit611,579,116.62597,924,451.67
Total owners’ (or shareholders’) equity attributable to owners of the Parent Company2,674,401,681.672,647,663,487.59
Minority interests81,286,253.8893,855,136.07
Total owners’ (or shareholders’) equity2,755,687,935.552,741,518,623.66
Total liabilities and owners’ (or shareholders’) equity4,357,740,302.444,333,350,260.15

Legal Representative: LI Yi Chief Accountant: WANG Yingxia Person in Charge of the Accounting Body: WANG Yingxi

ItemThe First Quarter in 2023The First Quarter in 2022
I. Total operating income459,012,885.14525,139,870.53
Including: Operating income459,012,885.14525,139,870.53
Interest income　　
Premiums earned　　
Fee and commission income　　
II. Total operating costs467,714,458.54523,692,375.90
Including: Operating costs296,672,965.87354,352,194.03
Interest expenses　　
Fee and commission expenses　　
Surrenders　　
Claims and policyholder benefits (net of amounts recoverable from reinsurers)　　
Net withdrawal of insurance contract reserves　　
Insurance policyholder dividends　　
Expenses for reinsurance accepted　　
Taxes and additions2,246,009.392,776,916.38
Selling expenses59,929,586.4254,900,208.42
Administrative expenses42,342,747.3754,622,705.64
R&D expenses63,434,898.2054,924,987.12
Financial expenses3,088,251.292,115,364.31
Including: Interest expense5,966,634.805,325,013.75
Interest income6,877,403.473,267,436.22
Add: Other income21,723,549.5012,499,685.94
Investment income (loss is indicated by “-”)-2,765,299.531,790,753.08

Including: Income from investments in associates and joint ventures-5,117,145.08-1,202,551.48
Gains from derecognition of financial assets measured at amortized cost　　
Foreign exchange gains (loss is indicated by “-”)　　
Gains from net exposure hedges (loss is indicated by “-”)　　
Gains from changes in fair values (loss is indicated by “-”)　-130,000.00
Losses of credit impairment (loss is indicated by “-”)1,498,368.337,933,147.01
Impairment losses of assets (loss is indicated by “-”)-3,843,694.601,018,024.96
Gains from disposal of assets (loss is indicated by “-”)-2,903.653,849.89
III. Operating profit (loss is indicated by “-”)7,908,446.6524,562,955.51
Add: Non-operating income311,999.4779,121.80
Less: Non-operating expense118,694.04166,556.20
IV. Total profits (total losses are indicated by “-”)8,101,752.0824,475,521.11
Less: Income tax expenses9,404,199.1817,084,893.94
V. Net profits (net losses are indicated by “-”)-1,302,447.107,390,627.17
(I) Categorized by the continuity of operation　　
1. Net profits from continuing operations (net losses are indicated by "-")-1,302,447.107,390,627.17
2. Net profits from discontinued operations (net losses are indicated by “-”)　　
(II) Categorized by the ownership　　
1. Net profits attributable to shareholders of the Parent Company (net losses are indicated by "-")13,654,664.9517,858,914.53

2. Profits or losses attributable to minority shareholders (net losses are indicated by “-”)-14,957,112.05-10,468,287.36
VI. Other comprehensive income, net of tax421,940.06-2,098,194.75
(I) Other comprehensive income that can be attributable to owners of the Parent Company, net of tax-112,844.24-2,114,795.48
1. Other comprehensive income that cannot be reclassified subsequently to profit or loss　　
(1) Changes from remeasurement of defined benefit plans　　
(2) Other comprehensive income that cannot be reclassified to profit or loss under the equity method　　
(3) Changes in fair value of investments in other equity instruments　　
(4) Changes in fair value of enterprises’ own credit risks　　
2. Other comprehensive income that will be reclassified to profit or loss-112,844.24-2,114,795.48
(1) Other comprehensive income that will be reclassified to profit or loss under the equity method4,433,259.00-531,438.79
(2) Changes in fair value of other debt investments　　
(3) Amount of financial assets reclassified to other comprehensive income　　
(4) Provision for credit impairment of other debt investments　　
(5) Reserve for cash flow hedges　　
(6) Exchange differences on translation of financial statements denominated in foreign currencies-4,546,103.24-1,583,356.69

(7) Others　　
(II) Other comprehensive income that can be attributable to minority shareholders, net of tax534,784.3016,600.73
VII. Total comprehensive income-880,507.045,292,432.42
(I) Total comprehensive income that can be attributable to owners of the Parent Company13,541,820.7115,744,119.05
(II) Total comprehensive income that can be attributable to minority shareholders-14,422,327.75-10,451,686.63
VIII. Earnings per share:　　
(I) Basic earnings per share (RMB/share)0.030.04
(II) Diluted earnings per share (RMB/share)0.030.04
（未完）
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