光峰科技：2021年第三季度报告（英文版）.PDF

The Third Quarter Report in 2021 1 / 22 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, misleading 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 YesNo 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. The Third Quarter Report in 2021 2 / 22 I. Major financial data (I) Key accounting data and financial indicators In RMB Item During the reporting period Change over the prior period (%) From the beginning of the year to the end of the reporting period Change over the prior period (%) Operating revenue 555,932,526.47 6.42 1,660,621,770.06 34.09 Net profit attributable to shareholders of the listed company 59,936,820.19 101.06 211,350,740.98 378.84 Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss 41,093,330.65 123.21 108,055,266.73 N/A Net cash flow from operating activities N/A N/A -20,916,883.81 -118.46 Basic earnings per share (RMB/share) 0.13 85.71 0.47 370.00 Diluted earnings per share (RMB/share) 0.13 85.71 0.46 360.00 Weighted average return on net assets (%) 2.53 Increase by 1.03% 9.38 Increase by 7.17% Total R&D investments 60,724,744.04 2.47 155,853,227.70 6.34 Proportion of R&D investments to operating income (%) 10.92 Decrease by 0.42% 9.39 Decrease by 2.44% At the end of the reporting period At the end of the prior year Changes at the end of the reporting period from The Third Quarter Report in 2021 3 / 22 the end of the prior year (%) Total assets 3,802,025,432.02 3,226,204,326.69 17.85 Equity attributable to shareholders of the listed company 2,404,985,350.82 2,091,599,671.75 14.98 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 the strategic 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 24,000 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 The Third Quarter Report in 2021 4 / 22 Item Amount for the reporting period Amount from the beginning of the year to the end of the reporting period Description Profit or loss from disposal of non-current assets (including the offset part of the retained asset impairment provisions) -179,148.42 1,869,005.68 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) 6,633,924.98 78,442,136.30 Profit or loss of assets investments and management entrusted by other people 3,769,295.90 5,915,219.29 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 5,592,162.91 16,978,379.38 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 assets, held-for-trading financial liabilities and available-for-sale financial assets (exclusive of the effective portion of the hedges that arise in the Companys ordinary course of business) 74,676.00 38,250,576.00 Non-operating income and expenses other than above 29,640.59 530,950.33 Projects meeting the definition of non-recurring profit or loss 571,819.78 Primarily due to return of handling costs The Third Quarter Report in 2021 5 / 22 for individual taxes Less: Effect of income taxes -11,031,330.40 6,201,323.51 Effect of minority interests (after tax) 8,108,392.82 33,061,289.00 Total 18,843,489.54 103,295,474.25 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 Operating revenue_from the beginning of the year to the end of the reporting period 34.09 Primarily due to the increase in the revenue from large venue products and household products for the first three quarters and the recovery of the cinema business Net profit attributable to shareholders of the listed company_from the beginning of the year to the end of the reporting period 378.84 Primarily due to the increases in revenue, gross profit and non-recurring profit or loss for the first three quarters Net profit attributable to shareholders of the listed company_during the reporting period 101.06 Primarily due to the increase in the gross profit margin and the decrease in the income tax expenses caused by additional deduction of research and development expenses during the reporting period 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 N/A Primarily due to the increases in revenue and gross profit margin for the first three quarters Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss_during the reporting period 123.21 Primarily due to the increase in the gross profit margin and the decrease in the income tax expenses caused by additional deduction of research and development expenses during the reporting period The Third Quarter Report in 2021 6 / 22 Net cash flow from operating activities_from the beginning of the year to the end of the reporting period -118.46 Primarily due to the increases in strategic stocking and prepayments for the first third quarters Basic earnings per share (RMB/share)_from the beginning of the year to the end of the reporting period 370.00 Primarily due to the increase in the profit of the Company for the first three quarters Basic earnings per share (RMB/share)_during the reporting period 85.71 Primarily due to the increase in the profit of the Company during the reporting period Diluted earnings per share (RMB/share)_from the beginning of the year to the end of the reporting period 360.00 Primarily due to the increase in the profit of the Company for the first three quarters Diluted earnings per share (RMB/share)_during the reporting period 85.71 Primarily due to the increase in the profit of the Company during the 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 holders of ordinary shares at the end of the reporting period 14,306 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 Proportion of shareholding (%) Number of restricted shares held Number of restricted shares held, including the shares lent out under the refinancing arrangement Shares pledged or frozen Status Number Shenzhen Appotronics Holdings Limited Domestic non-stated owned legal person 79,762,679 17.62 79,762,679 79,762,679 None 0 The Third Quarter Report in 2021 7 / 22 CITIC PE Investment (Hong Kong) 2016 Limited Overseas legal person 25,682,693 5.67 0 0 None 0 SAIF IV Hong Kong (China Investments) Limited Overseas legal person 24,554,268 5.42 0 0 None 0 Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP) Others 24,139,500 5.33 24,139,500 24,139,500 None 0 Nantong Strait Appotronics Investment Partnership (LP) Others 23,080,329 5.10 0 0 None 0 Shenzhen Appotronics Daye Investment Partnership (LP) Others 20,430,250 4.51 20,430,250 20,430,250 None 0 Shenzhen Appotronics Hongye Investment Partnership (LP) Others 15,662,374 3.46 15,662,374 15,662,374 None 0 Shenzhen Jinleijing Investment Limited Partnership (LP) Others 12,353,106 2.73 12,353,106 12,353,106 None 0 GREEN FUTURE HOLDINGS LIMITED Overseas legal person 12,333,426 2.72 0 0 None 0 Shenzhen Appotronics Chengye Consulting Partnership (LP) Others 10,394,846 2.30 10,394,846 10,394,846 None 0 Shareholdings of top 10 unrestricted shareholders Shareholder name Number of unrestricted shares held Type and number of shares Share type Number The Third Quarter Report in 2021 8 / 22 CITIC PE Investment (Hong Kong) 2016 Limited 25,682,693 RMB-denominated ordinary share 25,682,693 SAIF IV Hong Kong (China Investments) Limited 24,554,268 RMB-denominated ordinary share 24,554,268 Nantong Strait Appotronics Investment Partnership (LP) 23,080,329 RMB-denominated ordinary share 23,080,329 GREEN FUTURE HOLDINGS LIMITED 12,333,426 RMB-denominated ordinary share 12,333,426 Smart Team Investment Limited 6,605,948 RMB-denominated ordinary share 6,605,948 Shenzhen Guochuang Chenggu Capital Management Co., Ltd. - Shenzhen Chengguhui Equity Investment Partnership (LP) 6,464,369 RMB-denominated ordinary share 6,464,369 Shenzhen Liansong Capital Management Partnership (LP) 5,833,817 RMB-denominated ordinary share 5,833,817 China Merchants Bank Co., Ltd. - Huaxia SSE STAR Market 50 Constituent Trading Open-end Index Securities Investment Fund 5,197,149 RMB-denominated ordinary share 5,197,149 The Third Quarter Report in 2021 9 / 22 China Merchants Bank Co., Ltd. - One-year ABC Huili Strategic Income Hybrid Securities Investment Fund 4,640,822 RMB-denominated ordinary share 4,640,822 China Construction Bank Corporation-Invesco Great Wall Environmental Advantage Stock Securities Investment Fund 4,379,557 RMB-denominated ordinary share 4,379,557 Description of related party relationship or concerted action of the said shareholders As of the end of the reporting period, Appotronics Holdings, Yuanshi, Appotronics Daye, Appotronics Hongye, Jinleijing, Appotronics Chengye, and BLACKPINE Investment Corp. Limited are acting-in-concert parties. Besides, the Company has not received any notice about related or acting-in-concert parties among other shareholders stated above. Description of participation in the securities margin trading and short selling (if any) by top 10 shareholders and top 10 holders of tradable shares N/A 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 Peoples 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 Peoples Court, Delta applied for withdrawing the lawsuit, and the Supreme Peoples Court made a ruling that Delta is allowed to withdraw the lawsuit. The Third Quarter Report in 2021 10 / 22 2. During the reporting period, the Company received the (2021) Zui Gao Zhi Min Zhong No. 639 Civil Ruling issued by the Supreme Peoples 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 Peoples 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 for invention including ZL201410249663.7 “Method for manufacturing light source module and color wheel” 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 infringe