[三季报]光峰科技(688007):2024年第三季度报告（英文版）
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时间：2024年11月01日 19:05:48 中财网 |
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原标题: 光峰科技:2024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, Person in Charge of the Accounting Work 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《2024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 2024 Third Quarter Report(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 revenue | 638,189,703.62 | 10.53 | 1,719,599,203.83 | 4.18 | | Net profit attributable to
shareholders of the listed
company | 32,036,983.19 | -40.28 | 42,946,596.63 | -66.59 | | Net profit attributable to
shareholders of the listed
company after deduction
of non-recurring profit
or loss | 26,127,282.79 | -38.19 | 39,606,570.30 | -48.22 | | Net cash flow from
operating activities | N/A | N/A | 71,523,197.79 | -65.77 | | Basic earnings per share
(RMB/share) | 0.07 | -41.67 | 0.09 | -67.86 | | Diluted earnings per
share (RMB/share) | 0.07 | -41.67 | 0.09 | -67.86 | | Weighted average return
on net assets (%) | 1.16 | -0.77
percentage
points | 1.54 | -3.18
percentage
points | | Total R&D investments | 60,404,938.21 | -11.74 | 172,023,725.41 | -11.71 | | Proportion of R&D
investments to operating
revenue (%) | 9.47 | -2.38
percentage
points | 10.00 | -1.8 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 | 4,201,059,005.89 | 4,220,570,891.16 | -0.46 | | | Owners’ equity
attributable to
shareholders of the listed
company | 2,754,080,586.20 | 2,818,869,452.99 | -2.30 | |
| Item of non-recurring profit or
loss | Amount for the
current period | Amount from the
beginning of the year
to the end of the
reporting period | Description | | Gain or loss on disposal of
non-current assets, including
write-off of provision for asset
impairment | -655,886.03 | -1,198,793.99 | | | 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 accordance with
established standards with
continuous effects on the profit
or loss of the Company
according to the provisions of
national policies) | 261,534.49 | 6,874,729.53 | | | Profit or loss on changes in the
fair value of financial assets and
financial liabilities held by
non-financial enterprises and
profit or loss on the disposal of
financial assets and financial
liabilities, other than those used
in the effective hedging activities
related to the normal operating
business of the Company | | 19,343,730.90 | | | Profit or loss on entrusted
investments or assets
management | 4,010,004.30 | 10,992,914.32 | | | Reversal of impairment loss on
accounts receivable and contract
assets tested for impairment
individually | | 518,247.41 | | | Net profit or loss of subsidiaries | 3,415,575.27 | 10,420,908.65 | |
| from the beginning of the period
up to the business combination
date recognized as a result of the
business combination of
enterprises involving enterprises
under common control | | | | | Other non-operating revenue
and expenses | -967,549.20 | 135,909.86 | | | Other profits or losses meeting
the definition of non-recurring
profit or loss | 316,302.77 | -37,036,758.84 | We made
adjustment to
account for GDC
equity interests as
other non-current
financial assets, for
which investment
losses are
recognized at fair
value. | | Less: Effect of income taxes | 668,300.23 | 5,451,028.26 | | | Effects attributable to
minority interests (net of tax) | -198,019.03 | 1,259,833.25 | | | Total | 5,909,700.40 | 3,340,026.33 | |
It is required to specify the reason for defining items not illustrated in Information Disclosure and
Presentation Rules for Companies Making Public Offering of Securities No. 1 - Non-recurring Profit or
Loss as non-recurring profit or loss items of significant amounts, and reasons for 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
For details, refer to “Section I. Main financial data - (II) Items and amounts of non-recurring profit or
loss”.
(III) Description of and reasons for changes in the main accounting data and financial indicators √ 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 | -66.59 | Primarily due to changes in the
income structure in the first three
quarters, which lead to the decrease
in the gross profit margin, the legal
service fees for the GDC
arbitration, and the adjustment of
the GDC equity interests to other
non-current financial assets, which
lead to investment losses |
| | | recognized and measured at fair
value in the second quarter. | | Net profit attributable to shareholders of the
listed company _ the reporting period | -40.28 | Primarily due to changes in the
income structure during the
reporting period, which lead to the
decrease in the gross profit margin. | | 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 | -48.22 | Primarily due to changes in the
income structure in the first three
quarters, which lead to the decrease
in the gross profit margin, and the
legal service fees for the GDC
arbitration. | | Net profit attributable to shareholders of the
listed company after deduction of
non-recurring profit or loss _ the reporting
period | -38.19 | Primarily due to changes in the
income structure during the
reporting period, which lead to the
decrease in the gross profit margin. | | Net cash flow from operating activities _
from the beginning of the year to the end of
the reporting period | -65.77 | Primarily due to the increase in net
other cash payments relating to
operating activities because the
monetary funds of Appotronics HK
were subject to restriction. | | Basic earnings per share _ from the
beginning of the year to the end of the
reporting period | -67.86 | Primarily due to the decrease in the
net profit attributable to
shareholders of the listed company
in the first three quarters. | | Diluted earnings per share _ from the
beginning of the year to the end of the
reporting period | -67.86 | Primarily due to the decrease in the
net profit attributable to
shareholders of the listed company
in the first three quarters. | | Basic earnings per share _ the reporting
period | -41.67 | Primarily due to the decrease in the
net profit attributable to
shareholders of the listed company
during the reporting period. | | Diluted earnings per share _ the reporting
period | -41.67 | Primarily due to the decrease in the
net profit attributable to
shareholders of the listed company
during the reporting period. |
Analysis of business operations during the reporting period: In the first three quarters of 2024, Appotronics leveraged its core technological strengths to propel
its strategic transformation forward. Notably, the automotive optics business emerged as a pivotal revenue generator. Our operating revenue reached RMB 1.72 billion, marking a 4.18% year-on-year adjusted net profit attributable to parent company shareholders, excluding non-recurring items, amounting to RMB 39.61 million.
During the third quarter of 2024, we achieved an operating revenue of RMB 638 million, up 10.53% compared to the same period last year. In the same quarter, the automotive optics business contributed
RMB 217 million in operating revenue. During the first three quarters, this segment generated RMB 458
million in operating revenue, primarily from the timely and successful deliveries of automobile-grade
laser projection giant screens to the AITO M9 SUVs, which were co-developed by Huawei and Seres. Notably, on October 10, AITO's WeChat account announced that customers have placed deposits for over 150,000 AITO M9 vehicles, positioning it as the top-selling model priced above RMB 500,000. Since the beginning of 2024, Appotronics has maintained close and frequent technical and commercial collaborations with Seres, BAIC Motor, and other Huawei automobile partners. Our discussions have primarily centered on automotive optics projects for the upcoming new variants of Seres AITO's mainstream models and the forthcoming latest offerings in BAIC Motor's Stelato mainstream lineup. We have presented samples and engaged in detailed dialogues on next-generation technologies, including laser projection giant screens and smart vehicle headlights, earning high recognition and praise from our customers.
In October 2024, we received a second Development Nomination Letter from Beijing Electric Vehicle, a subsidiary of BAIC, appointing us as a supplier of smart cockpit display products for new
Stelato models. Mass production and delivery of these vehicles are projected to commence in 2025, which will benefit our operations throughout their lifespan. Beyond maintaining our cooperation with Huawei and its automotive partners, we have conducted in-depth talks with Great Wall Motor, Hyundai Motor, and other prominent domestic and international
automobile manufacturers. Separate cooperation projects have been established to tailor vehicle-mounted products according to their unique priorities and timelines for new vehicle model development and launch. This paves the way for sustainable growth in our automotive optics business.
Currently, we have secured eight development nominations encompassing automobile-grade giant screens, pixel headlights, and other products, further bolstering the future prospects of our automotive
business.
| Total number of
ordinary shareholders
as of the end of the
reporting period | 16,113 | Total number of preferred
shareholders with resumed
voting rights during the
reporting period (if any) | N/A | | | | | | Shares held by the top 10 shareholders (excluding shares lent out under the refinancing arrangement) | | | | | | | | | Shareholder name | Shareholder
nature | Number
of shares
held | Proportion
of
shareholding
(%) | Number of
restricted
shares held | Number of
restricted
shares held,
including
the shares
lent out
under the
refinancing
arrangement | Shares pledged,
marked or
frozen | | | | | | | | | Share
status | Quantity | | Shenzhen Appotronics
Holdings Limited | Domestic
non-state
owned legal
person | 79,762,679 | 17.15 | 0 | 0 | None | 0 | | Shenzhen Yuanshi Laser
Industrial Investment
Consulting Partnership
(LP) | Domestic
non-state
owned legal
person | 24,139,500 | 5.19 | 0 | 0 | None | 0 | | Nantong Strait
Appotronics Investment
Partnership (LP) | Domestic
non-state
owned legal
person | 18,381,208 | 3.95 | 0 | 0 | None | 0 | | Shenzhen Appotronics
Daye Investment
Partnership (LP) | Domestic
non-state
owned legal
person | 17,056,167 | 3.67 | 0 | 0 | None | 0 | | Shenzhen Appotronics
Hongye Investment
Partnership (LP) | Domestic
non-state
owned legal
person | 13,601,344 | 2.92 | 0 | 0 | None | 0 | | Shenzhen Appotronics
Chengye Consulting
Partnership (LP) | Domestic
non-state
owned legal
person | 10,394,846 | 2.23 | 0 | 0 | None | 0 |
| | | | | 0 | 0 | None | 0 | | Bank of China Co., Ltd. -
YFD Stable Income
Bond Securities
Investment Fund | Others | 8,151,070 | 1.75 | 0 | 0 | None | 0 | | LUO Xiaobin | Domestic
natural
person | 6,442,004 | 1.38 | 0 | 0 | None | 0 | | China Merchants Bank
Co., Ltd. - Southern
China Securities 1000
Trading Open-ended
Index Securities
Investment Fund | Others | 3,935,765 | 0.85 | 0 | 0 | None | 0 | | Shares held by the top 10 holders of tradable shares (excluding shares lent out under the refinancing arrangement) | | | | | | | | | 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) | 18,381,208 | RMB-denominated
ordinary share | 18,381,208 | | | | | | Shenzhen Appotronics
Daye Investment
Partnership (LP) | 17,056,167 | RMB-denominated
ordinary share | 17,056,167 | | | | | | Shenzhen Appotronics
Hongye Investment
Partnership (LP) | 13,601,344 | RMB-denominated
ordinary share | 13,601,344 | | | | | | Shenzhen Appotronics
Chengye Consulting
Partnership (LP) | 10,394,846 | RMB-denominated
ordinary share | 10,394,846 | | | | | | Shenzhen Jinleijing
Investment Limited
Partnership (LP) | 9,892,706 | RMB-denominated
ordinary share | 9,892,706 | | | | |
| | | RMB-denominated
ordinary share | | | LUO Xiaobin | 6,442,004 | RMB-denominated
ordinary share | 6,442,004 | | China Merchants Bank
Co., Ltd. - Southern
China Securities 1000
Trading Open-ended
Index Securities
Investment Fund | 3,935,765 | RMB-denominated
ordinary share | 3,935,765 | | Affiliates or concert
parties among the
shareholders stated above | 1. As of September 30, 2024, 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 (if
any) | N/A | | |
Description of special repurchase shareholders among the top 10 shareholders: As of the end of the reporting period, the Company has repurchased 8,026,938 shares, accounting for 1.73% of the Company’s total share capital of 465,133,628 shares.
Lending of shares in refinancing businesses by shareholders holding over 5% of shares, the top 10 shareholders, and the top 10 holders of tradable shares
□ Applicable √ N/A
Change from the prior period due to lending/payback in refinancing businesses by the top 10 shareholders and the top 10 holders of tradable shares
□ Applicable √ 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
| Item | September 30, 2024 | December 31, 2023 | | Current Assets: | | | | Monetary funds | 1,203,510,305.89 | 1,386,828,549.06 | | Balances with clearing agencies | | | | Placements with banks and other
financial institutions | | | | Held-for-trading financial assets | 611,867,400.05 | 514,010,000.00 | | Derivative financial assets | | | | Notes receivable | 8,115,823.20 | 8,951,308.71 | | Accounts receivable | 280,507,922.55 | 180,290,007.90 | | Receivables financing | 9,271,970.97 | 11,387,400.00 | | Prepayments | 29,387,831.25 | 35,112,661.82 | | Premiums receivable | | | | Amounts receivable under reinsurance
contracts | | | | Reinsurer’s share of insurance contract
reserves | | | | Other receivables | 30,655,602.05 | 30,698,687.55 | | Including: Interest receivable | | | | Dividend receivable | 13,874,652.00 | 14,023,746.00 | | Financial assets purchased under resale
agreements | | | | Inventories | 702,017,417.62 | 656,346,799.67 | | Including: Data resources | | | | Contract assets | 1,627,601.39 | 1,664,740.29 | | Held-for-sale assets | | | | Non-current assets due within 1 year | 50,780,427.56 | 41,997,218.73 | | Other current assets | 61,922,401.72 | 48,417,270.11 | | Total current assets | 2,989,664,704.25 | 2,915,704,643.84 | | Non-current Assets: | | |
| Loans and advances | | | | Debt investments | | | | Other debt investments | | | | Long-term receivables | 19,655,889.67 | 26,000,543.13 | | Long-term equity investments | 6,583,731.30 | 144,726,776.43 | | Investment in other equity instruments | 7,075,419.38 | 7,075,419.38 | | Other non-current financial assets | 97,777,674.40 | | | Investment properties | | | | Fixed assets | 289,127,989.46 | 336,276,793.84 | | Construction in progress | 385,095,403.24 | 347,777,138.86 | | Productive biological assets | | | | Oil and gas assets | | | | Right-of-use assets | 23,195,579.61 | 40,016,903.67 | | Intangible assets | 273,529,992.16 | 281,961,046.22 | | Including: Data resources | | | | Development expenditure | | | | Including: Data resources | | | | Goodwill | | | | Long-term prepaid expenses | 2,825,390.97 | 6,318,145.33 | | Deferred tax assets | 83,861,444.42 | 85,364,732.19 | | Other non-current assets | 22,665,787.03 | 29,348,748.27 | | Total non-current assets | 1,211,394,301.64 | 1,304,866,247.32 | | Total assets | 4,201,059,005.89 | 4,220,570,891.16 | | Current Liabilities: | | | | Short-term borrowings | 50,032,500.00 | 80,036,500.00 | | Loans from the central bank | | | | Taking from banks and other financial
institutions | | | | Held-for-trading financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | 132,445,788.97 | 76,001,079.07 | | Accounts payable | 397,258,984.68 | 247,318,466.10 | | Receipts in advance | 101,828,556.07 | 110,573,711.24 | | Contract liabilities | 55,489,085.45 | 45,416,445.99 | | 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 | 34,396,351.41 | 66,874,234.47 |
| Taxes payable | 14,325,712.42 | 6,142,704.23 | | Other payables | 74,983,345.07 | 54,142,509.17 | | 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 | 253,474,294.39 | 268,748,151.67 | | Other current liabilities | 12,490,498.10 | 18,441,685.83 | | Total current liabilities | 1,126,725,116.56 | 973,695,487.77 | | Non-current Liabilities: | | | | Insurance contract reserves | | | | Long-term borrowings | 310,897,356.06 | 370,649,631.22 | | Bonds payable | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Lease liabilities | 10,816,712.05 | 15,548,985.71 | | Long-term payables | | | | Long-term employee benefits payable | | | | Provisions | 49,855,422.23 | 58,180,985.08 | | Deferred income | 2,607,184.63 | 4,627,972.56 | | Deferred tax liabilities | 1,711,742.93 | 1,229,654.81 | | Other non-current liabilities | | | | Total non-current liabilities | 375,888,417.90 | 450,237,229.38 | | Total liabilities | 1,502,613,534.46 | 1,423,932,717.15 | | Owners’ Equity (Shareholders’ Equity): | | | | Paid-in capital (or share capital) | 465,133,628.00 | 462,211,338.00 | | Other equity instruments | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Capital reserve | 1,655,103,876.49 | 1,616,489,567.43 | | Less: Treasury shares | 138,809,738.95 | 19,377,297.59 | | Other comprehensive income | 9,796,533.81 | 7,550,073.78 | | Special reserve | | | | Surplus reserve | 84,873,365.32 | 84,873,365.32 | | General risk reserve | | | | Retained profits | 677,982,921.53 | 667,122,406.05 | | Total owners’ (or shareholders’) equity
attributable to owners of the parent
company | 2,754,080,586.20 | 2,818,869,452.99 | | Minority interests | -55,635,114.77 | -22,231,278.98 |
| Total owners’ (or shareholders’) equity | 2,698,445,471.43 | 2,796,638,174.01 | | Total liabilities and owners’ (or
shareholders’) equity | 4,201,059,005.89 | 4,220,570,891.16 |
Principal of the Company: LI Yi Person in Charge of the Accounting Work: WANG Yingxia Person in Charge of the Accounting Body: WANG Yingxia
Consolidated Income Statement
January - September 2024
Prepared by: Appotronics Corporation Limited
In RMB, Unaudited
| Item | The first three quarters
in 2024
(Jan. - Sep.) | The first three quarters
in 2023
(Jan. - Sep.) | | I. Total operating revenue | 1,719,599,203.83 | 1,650,629,298.46 | | Including: Operating revenue | 1,719,599,203.83 | 1,650,629,298.46 | | Interest income | | | | Premiums earned | | | | Fee and commission income | | | | II. Total operating costs | 1,645,518,069.72 | 1,542,669,966.99 | | Including: Operating costs | 1,189,656,188.09 | 1,021,366,808.39 | | 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 | 6,472,072.38 | 5,858,273.15 | | Selling expenses | 161,819,016.21 | 218,998,049.76 | | Administrative expenses | 114,716,404.94 | 119,450,993.66 | | R&D expenses | 172,023,725.41 | 194,847,334.44 | | Financial expenses | 830,662.69 | -17,851,492.41 | | Including: Interest expense | 14,462,294.82 | 13,151,617.07 | | Interest income | 22,429,757.40 | 24,619,974.59 | | Add: Other income | 18,979,009.03 | 30,947,993.55 | | Investment income (loss is indicated
by “-”) | -23,341,907.11 | -4,775,953.81 | | Including: Income from investments
in associates and joint ventures | -41,708,464.35 | -12,687,269.14 |
| 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 “-”) | 10,062,500.00 | | | Losses of credit impairment (loss is
indicated by “-”) | -11,140,030.95 | -8,626,426.92 | | Impairment losses of assets (loss is
indicated by “-”) | -28,568,290.62 | -37,160,710.01 | | Gains from disposal of assets (loss is
indicated by “-”) | -278,899.49 | 67,005.93 | | III. Operating profit (loss is indicated by
“-”) | 39,793,514.97 | 88,411,240.21 | | Add: Non-operating revenue | 1,302,456.43 | 9,564,777.53 | | Less: Non-operating expenses | 2,015,707.05 | 849,717.64 | | IV. Total profits (total losses are indicated
by “-”) | 39,080,264.35 | 97,126,300.10 | | Less: Income tax expenses | 15,182,301.84 | 22,251,378.07 | | V. Net profits (net losses are indicated by
“-”) | 23,897,962.51 | 74,874,922.03 | | (I) Categorized by the continuity of operation | | | | 1. Net profits from continuing
operations (net losses are indicated by “-”) | 23,897,962.51 | 74,874,922.03 | | 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 “-”) | 42,946,596.63 | 128,559,185.24 | | 2. Profits or losses attributable to
minority shareholders (net losses are
indicated by “-”) | -19,048,634.12 | -53,684,263.21 | | VI. Other comprehensive income, net of tax | 2,921,828.27 | 2,177,529.31 | | (I) Other comprehensive income that can
be attributable to owners of the parent
company, net of tax | 2,246,460.03 | 3,455,579.57 | | 1. Other comprehensive income that
cannot be reclassified subsequently to profit
or loss | | | | (1) Changes from remeasurement of | | |
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