[三季报]光峰科技(688007):2023年第三季度报告（英文版）
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时间：2023年11月08日 23:17:07 中财网 |
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原标题:光峰科技:2023年第三季度报告（英文版）
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《2023年第三季度报告（英文版）》，对本报告的中英文版本理解上发生歧义时，以中文版本为准。
This is the Third Quarter Report in 2023 (English version) voluntarily disclosed by Appotronics Corporation Limited. In the event of any discrepancy between the English and Chinese versions of this
report, the Chinese version shall prevail.
| Item | During the
reporting period | Change on a
year-on-year
basis (%) | From the
beginning of the
year to the end
of the reporting
period | Change on a
year-on-year basis (%) | | Operating income | 577,380,260.71 | -4.80 | 1,650,629,298.46 | -12.00 | | Net profit attributable to
shareholders of the listed
company | 53,644,544.29 | 18.19 | 128,559,185.24 | 40.72 | | Net profit attributable to
shareholders of the listed
company after deduction of
non-recurring profit or loss | 42,267,983.59 | 31.39 | 76,496,823.20 | 41.20 | | Net cash flow from
operating activities | N/A | N/A | 208,932,567.64 | 1,762.17 | | Basic earnings per share
(RMB/share) | 0.12 | 20.00 | 0.28 | 40.00 | | Diluted earnings per share
(RMB/share) | 0.12 | 20.00 | 0.28 | 40.00 | | Weighted average return on
net assets (%) | 1.93 | +0.15
percentage
points | 4.72 | +1.08 percentage points | | Total R&D investments | 68,441,192.32 | 15.44 | 194,847,334.44 | 11.82 | | Proportion of R&D
expenses to operating
income (%) | 11.85 | +2.07
percentage
points | 11.80 | +2.51 percentage points | | | At the end of the
reporting period | At the end of the prior year | Changes at the end of the
reporting period from the
end of the prior year (%) | | | Total assets | 4,305,528,862.78 | 4,333,350,260.15 | -0.64 | | | Owners’ equity attributable
to shareholders of the listed
company | 2,830,415,789.01 | 2,647,663,487.59 | 6.90 | |
| Item | Amount for
the reporting
period | Amount from the
beginning of the
year to the end of
the reporting period | Descri
ption | | Profit or loss from disposal of non-current assets | -109,829.18 | -325,962.05 | | | Government grants recognized in profit or loss for the current
period (excluding government grants that are closely related to
the business of the Company and are provided in fixed amount
or quantity continuously according to the applicable polices and
standards of the country) | 2,385,718.12 | 35,584,533.69 | | | Profit or loss on entrusted investments or assets management | 2,645,606.78 | 7,844,315.33 | | | Net profit or loss of subsidiaries from the beginning of the
period up to the business combination date recognized as a
result of business combination of enterprises involving
enterprises under common control | 7,247,100.38 | 22,171,089.58 | | | Profit or loss on changes in the fair value of held-for-trading
financial assets, derivative financial assets, held-for-trading
financial liabilities and derivative financial liabilities, and
investment income on disposal of held-for-trading financial
assets, derivative financial assets, held-for-trading financial
liabilities, derivative financial liabilities and other debt
investments, other than those used in the effective hedging
activities relating to normal operating business | | 67,000.00 | | | Reversal of impairment loss on accounts receivable and
contract assets tested for impairment individually | | 69,851.05 | | | Other non-operating income and expenses | 93,546.94 | 108,027.87 | | | Other gains or losses meeting the definition of non-recurring
profit or loss | 34,051.66 | 476,112.73 | | | Less: Effect of income taxes | 716,894.13 | 4,185,991.02 | | | Effects attributable to minority interests (net of tax) | 202,739.87 | 9,746,615.14 | | | Total | 11,376,560.70 | 52,062,362.04 | |
Description of defining non-recurring profit or loss items illustrated in Information Disclosure 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
| Item | Change (%) | Main reason | | Net profit attributable to shareholders of the
listed company _ from the beginning of the
year to the end of the reporting period | 40.72 | Primarily due to changes in the income
structure in the first three quarters, in which the
gross profit margin increased by 6.72
percentage points. | | Net profit attributable to shareholders of the
listed company after deduction of
non-recurring profit or loss _ from the
beginning of the year to the end of the
reporting period | 41.20 | Primarily due to changes in the income
structure in the first three quarters, in which the
gross profit margin increased by 6.72
percentage points. | | Net profit attributable to shareholders of the
listed company after deduction of
non-recurring profit or loss _ the reporting
period | 31.39 | Primarily due to changes in the income
structure during the reporting period, which
lead to the increase in the gross profit margin
and decrease in period expenses. | | Net cash flow from operating activities _
from the beginning of the year to the end of
the reporting period | 1,762.17 | Primarily due to the optimized supply chain
management, decreased payment for
procurement, and net recovery of security
deposits during the reporting period. | | Basic earnings per share _ from the beginning
of the year to the end of the reporting period | 40.00 | Primarily due to the increase in net profit
attributable to shareholders of the listed
company for the first three quarters. | | Diluted earnings per share _ from the
beginning of the year to the end of the
reporting period | 40.00 | Primarily due to the increase in net profit
attributable to shareholders of the listed
company for the first three quarters. |
Analysis of business operation during the reporting period
?
During the reporting period, the Company continued its focus on the ALPD semiconductor laser light source technology and architecture to solidify the long-term development trend of resilient business
and high-quality growth. For the first three quarters of 2023, the Company achieved the operating income of RMB 1,651 million; the net profit attributable to the parent company of RMB 129 million, increased by 40.72% year on year; and the overall gross profit margin of the Company was 38.12%, an
increase of 6.72 percentage points year on year; and the net cash flow from operating activities of RMB
209 million, greatly increased by RMB 198 million year on year and reflecting the stable overall development.
In the third quarter of 2023, the Company received more nominations for its business of automotive core components, which continued the release of its technical advantages, and continued optimization
efforts at the request of customers to complete tasks for product development, verification, and delivery.
Thanks to the fully recovery of the film market, the business of cinema core components continued its
strong recovery. The dedicated display business continued the stable development. The household business, under the circumstance of prudent consumption of the public, experienced a weak consumption demand on the market, hence becoming the main reason for the pressure on the business incomes of the Company. The operating highlights of the Company during the reporting period include:
1. Business of automotive core components
During the reporting period, the Company received the Development Nomination Letter from Hasco Vision Technology (Shanghai) Co., Ltd., in which the Company has been designated as its supplier for automotive optics solutions to provide PGU display module products. This indicates a new
breakthrough achieved by the Company in the AR-HUD field to provide consumers with better assisted driving experience.
In the field of automotive optics, the Company has released multiple solutions for three major application directions, namely AR-HUD, laser headlights, and automotive display, which achieved stable
operation of the light generators as the core component and the PGU under the high-temperature working environment of the cockpit while being compatible with freeform surface modeling and wave guide, hence producing the advantages of smaller size, higher brightness, and greater efficiency. The Company has insisted on independent innovation and making R&D investments in the business of automotive core components to maintain its head start advantages in the field of automotive optics
technologies. In the third quarter of 2023, the Company had 22 new patents granted and applications
filed for automotive optics technologies; as of September 30, 2023, we have a total of 191 patents for
automotive optics technologies granted and filed, an increase by 39.41% year on year. 2. Business of cinema core components
While the high-quality films of diversified subjects shown one after the other met the diversified demands of audience, the domestic film market became active, especially in the summer holiday of 2023,
which reached a record high box office. Thanks to the film market conditions above, our business of
cinema projection services continued the high-growth trend in the first three quarters of 2023, which
continuously improved our core indicators including the overall profitability, cash flow, etc. ?
Relying on the energy-efficient ALPD semiconductor laser light source technologies and profound accumulation in the film industry, we continued our efforts on the domestic cinema market. In the third
quarter of 2023, we achieved the new installation of nearly 500 leased light sources; as of September 30,
?
2023, over 29,000 sets of ALPD laser light source projection solutions have been installed throughout
China, which continued the high-quality development of the business of cinema projection services.
| Total number of ordinary
shareholders as of the end of
the reporting period | 14,162 | Total number of
preferred
shareholders with
resumed voting right
during the reporting
period (if any) | N/A | | | | | | Shareholding status of top 10 shareholders | | | | | | | | | Shareholder name | Shareholder
nature | Number
of shares
held | Proportio
n of
sharehold
ing (%) | Numb
er of
restric
ted
shares
held | Number of
restricted
shares held,
including the
shares lent
out under
the
refinancing
arrangement | Shares
pledged,
marked or
frozen | | | | | | | | | Share
status | Qua
ntity | | Shenzhen Appotronics
Holdings Limited | Domestic
non-state owned
legal person | 79,762,6
79 | 17.32 | 0 | 0 | None | - | | Shenzhen Yuanshi Laser
Industrial Investment
Consulting Partnership (LP) | Domestic
non-state owned
legal person | 24,139,5
00 | 5.24 | 0 | 0 | None | - | | Nantong Strait Appotronics
Investment Partnership (LP) | Domestic
non-state owned
legal person | 22,780,3
29 | 4.95 | 0 | 0 | None | - | | Shenzhen Appotronics Daye
Investment Partnership (LP) | Domestic
non-state owned
legal person | 20,430,2
50 | 4.44 | 0 | 0 | None | - | | Shenzhen Appotronics Hongye
Investment Partnership (LP) | Domestic
non-state owned
legal person | 15,662,3
74 | 3.40 | 0 | 0 | None | - | | Shenzhen Jinleijing Investment
Limited Partnership (LP) | Domestic
non-state owned
legal person | 12,353,1
06 | 2.68 | 0 | 0 | None | - | | Shenzhen Appotronics
Chengye Consulting
Partnership (LP) | Domestic
non-state owned
legal person | 10,394,8
46 | 2.26 | 0 | 0 | None | - |
| Bank of China Co., Ltd. - YFD
Stable Income Bond Securities
Investment Fund | Others | 10,376,2
75 | 2.25 | 0 | 0 | None | - | | LUO Xiaobin | Domestic
natural person | 7,298,40
4 | 1.59 | 0 | 0 | None | - | | Industrial Bank Co., Ltd. -
Tianhong Yongli Bond
Securities Investment Fund | Others | 6,926,77
5 | 1.50 | 0 | 0 | None | - | | Shareholding status of top 10 unrestricted shareholders | | | | | | | | | Shareholder name | Quantity of unrestricted outstanding
shares held | Type and quantity of shares | | | | | | | | | Type | Quantity | | | | | | Shenzhen Appotronics
Holdings Limited | 79,762,679 | RMB-denominated
ordinary share | 79,762,679 | | | | | | Shenzhen Yuanshi Laser
Industrial Investment
Consulting Partnership (LP) | 24,139,500 | RMB-denominated
ordinary share | 24,139,500 | | | | | | Nantong Strait Appotronics
Investment Partnership (LP) | 22,780,329 | RMB-denominated
ordinary share | 22,780,329 | | | | | | Shenzhen Appotronics Daye
Investment Partnership (LP) | 20,430,250 | RMB-denominated
ordinary share | 20,430,250 | | | | | | Shenzhen Appotronics Hongye
Investment Partnership (LP) | 15,662,374 | RMB-denominated
ordinary share | 15,662,374 | | | | | | Shenzhen Jinleijing Investment
Limited Partnership (LP) | 12,353,106 | RMB-denominated
ordinary share | 12,353,106 | | | | | | Shenzhen Appotronics
Chengye Consulting
Partnership (LP) | 10,394,846 | RMB-denominated
ordinary share | 10,394,846 | | | | | | Bank of China Co., Ltd. - YFD
Stable Income Bond Securities
Investment Fund | 10,376,275 | RMB-denominated
ordinary share | 10,376,275 | | | | | | LUO Xiaobin | 7,298,404 | RMB-denominated
ordinary share | 7,298,404 | | | | | | Industrial Bank Co., Ltd. -
Tianhong Yongli Bond
Securities Investment Fund | 6,926,775 | RMB-denominated
ordinary share | 6,926,775 | | | | |
| Affiliates or concert parties
among the shareholders stated
above | 1. As of September 30, 2023, the following entities in top 10 shareholders of the
Company constituted person acting in concert: Shenzhen Appotronics Holdings Co.,
Ltd., Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP),
Shenzhen Appotronics Daye Investment Partnership (LP), Shenzhen Appotronics
Hongye Investment Partnership (LP), Shenzhen Jinleijing Investment Limited
Partnership (LP), and Shenzhen Appotronics Chengye Consulting Partnership (LP).
2. Except for the above, we are not aware of whether there are affiliates or concert
parties as defined in the Administrative Measures for the Acquisition of the Listed
Companies among other shareholders. | | Description of margin trading,
short selling, and refinancing
involving top 10 shareholders
and top 10 holders of
non-restricted shares | N/A |
III. Other 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
During the reporting period, details of petition for invalidation involving the Company are stated as
below:
1. As of the end of the reporting period, the Company have initiated a total of 3 invalidation petitions against the patents held by Delta Electronics, Inc., and China National Intellectual Property
Administration has declared all the patents under the invalidation petitions above invalid. 2. As of the end of the reporting period, 1 invalidation petition has been initiated against a patent
held by the Company, involving the patent “phosphor layer, component and corresponding light source
and projection system, and corresponding production method” (patent No.: ZL201510420950.4); China National Intellectual Property Administration has decided that the patent shall be sustained.
IV. Quarter financial statements
(I) Audit opinion
□ Applicable √ N/A
(II) Financial statements
Consolidated Balance Sheet
September 30, 2023
Prepared by: Appotronics Corporation Limited
| Item | September 30, 2023 | December 31, 2022 | | Current Assets: | | | | Monetary funds | 1,324,028,949.45 | 1,355,882,208.63 | | Balances with clearing agencies | | | | Placements with banks and other financial
institutions | | | | Held-for-trading financial assets | 512,880,000.00 | 352,880,000.00 | | Derivative financial assets | | | | Notes receivable | 4,878,319.74 | 2,234,687.77 | | Accounts receivable | 199,038,929.76 | 208,260,235.79 | | Receivables financing | 5,419,150.00 | 4,279,041.00 | | Prepayments | 34,389,091.93 | 48,445,976.86 | | Premiums receivable | | | | Amounts receivable under reinsurance contracts | | | | Reinsurer’s share of insurance contract reserves | | | | Other receivables | 27,004,516.64 | 26,331,721.55 | | Including: Interest receivable | | | | Dividend receivable | 14,216,004.00 | 13,789,908.00 | | Financial assets purchased under resale agreements | | | | Inventories | 755,090,295.10 | 865,639,961.79 | | Contract assets | 1,796,634.65 | 1,061,581.35 | | Held-for-sale assets | | | | Non-current assets due within 1 year | 38,476,429.79 | 13,431,554.82 | | Other current assets | 90,695,468.40 | 106,502,611.79 | | Total current assets | 2,993,697,785.46 | 2,984,949,581.35 | | Non-current Assets: | | | | Loans and advances | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | 29,355,813.40 | 11,524,193.80 | | Long-term equity investments | 149,480,326.31 | 162,394,917.57 | | Investment in other equity instruments | 7,075,419.38 | 7,075,419.38 | | Other non-current financial assets | | | | Investment properties | | | | Fixed assets | 354,463,024.21 | 427,539,718.53 | | Construction in progress | 328,713,619.78 | 278,978,057.73 | | Productive biological assets | | | | Oil and gas assets | | | | Right-of-use assets | 47,725,408.15 | 62,255,670.29 | | Intangible assets | 282,850,835.71 | 290,341,693.08 | | Development expenditure | | |
| Goodwill | | | | Long-term prepaid expenses | 7,603,183.41 | 5,990,984.03 | | Deferred tax assets | 84,073,372.27 | 89,730,936.02 | | Other non-current assets | 20,490,074.70 | 12,569,088.37 | | Total non-current assets | 1,311,831,077.32 | 1,348,400,678.80 | | Total assets | 4,305,528,862.78 | 4,333,350,260.15 | | Current Liabilities: | | | | Short-term borrowings | 90,062,183.34 | 129,589,634.03 | | Loans from the central bank | | | | Taking from banks and other financial institutions | | | | Held-for-trading financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | 79,941,708.13 | 201,299,388.57 | | Accounts payable | 279,193,280.25 | 276,845,321.28 | | Receipts in advance | 102,001,516.53 | 113,834,728.10 | | Contract liabilities | 49,214,950.76 | 37,285,920.43 | | Financial assets sold under repurchase agreements | | | | Customer deposits and deposits from banks and
other financial institutions | | | | Funds from securities trading agency | | | | Funds from underwriting securities agency | | | | Employee benefits payable | 34,961,626.35 | 58,470,960.55 | | Taxes payable | 9,809,349.51 | 8,272,768.90 | | Other payables | 49,911,900.09 | 56,662,357.08 | | Including: Interest payable | | | | Dividend payable | | | | Fees and commissions payable | | | | Amounts payable under reinsurance contracts | | | | Held-for-sale liabilities | | | | Non-current liabilities due within 1 year | 210,494,864.67 | 178,031,817.37 | | Other current liabilities | 10,597,473.02 | 28,383,608.37 | | Total current liabilities | 916,188,852.65 | 1,088,676,504.68 | | Non-current Liabilities: | | | | Insurance contract reserves | | | | Long-term borrowings | 463,601,985.45 | 403,720,542.45 | | Bonds payable | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 21,151,932.84 | 34,319,284.23 | | Long-term payables | | | | Long-term employee benefits payable | | | | Provisions | 58,428,728.62 | 56,463,882.87 | | Deferred income | 5,629,181.12 | 8,651,422.26 |
| Deferred tax liabilities | | | | Other non-current liabilities | | | | Total non-current liabilities | 548,811,828.03 | 503,155,131.81 | | Total liabilities | 1,465,000,680.68 | 1,591,831,636.49 | | Owners’ Equity (Shareholders’ Equity): | | | | Paid-in capital (or share capital) | 460,406,538.00 | 457,107,538.00 | | Other equity instruments | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Capital reserve | 1,602,825,858.58 | 1,530,752,116.04 | | Less: Treasury shares | 19,377,297.59 | 19,377,297.59 | | Other comprehensive income | 9,192,476.98 | 5,736,897.41 | | Special reserve | | | | Surplus reserve | 75,519,782.06 | 75,519,782.06 | | General risk reserve | | | | Retained profits | 701,848,430.98 | 597,924,451.67 | | Total owners’ (or shareholders’) equity attributable
to owners of the parent company | 2,830,415,789.01 | 2,647,663,487.59 | | Minority interests | 10,112,393.09 | 93,855,136.07 | | Total owners’ (or shareholders’) equity | 2,840,528,182.10 | 2,741,518,623.66 | | Total liabilities and owners’ (or shareholders’)
equity | 4,305,528,862.78 | 4,333,350,260.15 |
Principal of the Company: LI Yi Chief Accountant: WANG Yingxia Person in Charge of the Accounting Body: WANG Yingxia
| Item | The first three
quarters in 2023
(Jan. - Sep.) | The first three
quarters in 2022
(Jan. - Sep.) | | I. Total operating income | 1,650,629,298.46 | 1,875,806,319.07 | | Including: Operating income | 1,650,629,298.46 | 1,875,806,319.07 | | Interest income | | | | Premiums earned | | | | Fee and commission income | | | | II. Total operating costs | 1,542,669,966.99 | 1,818,361,563.44 | | Including: Operating costs | 1,021,366,808.39 | 1,286,752,064.01 | | Interest expenses | | | | Fee and commission expenses | | | | Surrenders | | | | Claims and policyholder benefits (net of amounts
recoverable from reinsurers) | | | | Net withdrawal of insurance contract reserves | | | | Insurance policyholder dividends | | | | Expenses for reinsurance accepted | | | | Taxes and surcharges | 5,858,273.15 | 8,705,987.65 | | Selling expenses | 218,998,049.76 | 200,257,568.83 | | Administrative expenses | 119,450,993.66 | 163,525,277.50 | | R&D expenses | 194,847,334.44 | 174,246,551.26 | | Financial expenses | -17,851,492.41 | -15,125,885.81 | | Including: Interest expense | 13,151,617.07 | 18,844,776.16 | | Interest income | 24,619,974.59 | 10,707,361.63 | | Add: Other income | 30,947,993.55 | 27,706,973.61 | | Investment income (loss is indicated by “-”) | -4,775,953.81 | 13,360.80 | | Including: Income from investments in associates and
joint ventures | -12,687,269.14 | -9,299,223.08 | | Gains from derecognition of financial assets at
amortized assets | | | | Foreign exchange gains (loss is indicated by “-”) | | | | Gains from net exposure hedges (loss is indicated by
“-”) | | | | Gains from changes in fair values (loss is indicated by
“-”) | | -2,009,000.00 | | Losses of credit impairment (loss is indicated by “-”) | -8,626,426.92 | 3,912,023.56 | | Impairment losses of assets (loss is indicated by “-”) | -37,160,710.01 | -27,117,996.54 |
| Gains from disposal of assets (loss is indicated by “-”) | 67,005.93 | 123,037.54 | | III. Operating profit (loss is indicated by “-”) | 88,411,240.21 | 60,073,154.60 | | Add: Non-operating income | 9,564,777.53 | 501,785.71 | | Less: Non-operating expenses | 849,717.64 | 2,038,616.70 | | IV. Total profits (total losses are indicated by “-”) | 97,126,300.10 | 58,536,323.61 | | Less: Income tax expenses | 22,251,378.07 | 22,417,671.57 | | V. Net profits (net losses are indicated by “-”) | 74,874,922.03 | 36,118,652.04 | | (I) Categorized by the continuity of operation | | | | 1. Net profits from continuing operations (net losses are
indicated by “-”) | 74,874,922.03 | 36,118,652.04 | | 2. Net profits from discontinued operations (net losses
are indicated by “-”) | | | | (II) Categorized by the ownership | | | | 1. Net profits attributable to shareholders of the parent
company (net losses are indicated by “-”) | 128,559,185.24 | 91,356,217.12 | | 2. Profits or losses attributable to minority shareholders
(net losses are indicated by “-”) | -53,684,263.21 | -55,237,565.08 | | VI. Other comprehensive income, net of tax | 2,177,529.31 | 19,825,712.36 | | (I) Other comprehensive income that can be attributable to
owners of the parent company, net of tax | 3,455,579.57 | 20,714,964.79 | | 1. Other comprehensive income that cannot be
reclassified subsequently to profit or loss | | | | (1) Changes from remeasurement of defined benefit plans | | | | (2) Other comprehensive income that cannot be
reclassified to profit or loss under the equity method | | | | (3) Changes in fair value of investments in other equity
instruments | | | | (4) Changes in fair value of enterprises’ own credit risks | | | | 2. Other comprehensive income that will be reclassified
to profit or loss | 3,455,579.57 | 20,714,964.79 | | (1) Other comprehensive income that will be reclassified
to profit or loss under the equity method | -5,564,055.75 | -17,884,048.14 | | (2) Changes in fair value of other debt investments | | | | (3) Amount of financial assets reclassified to other
comprehensive income | | | | (4) Provision for credit impairment of other debt
investments | | | | (5) Reserve for cash flow hedges | | | | (6) Exchange differences on translation of financial
statements denominated in foreign currencies | 9,019,635.32 | 38,599,012.93 | | (7) Others | | | | (II) Other comprehensive income that can be attributable to
minority shareholders, net of tax | -1,278,050.26 | -889,252.43 |
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