Appo(SH:688007)2021-04-23 16:00Financial Performance - Operating revenue for the period was ¥524,967,989.26, representing a significant increase of 71.05% year-on-year[10] - Net profit attributable to shareholders was ¥54,409,294.00, a remarkable increase of 308.41% compared to the same period last year[10] - Basic earnings per share increased to ¥0.12, up 300% from ¥0.03 in the same period last year[10] - The company reported a net profit of ¥36,659,661.66 after deducting non-recurring gains and losses, compared to a loss of ¥7,989,708.14 in the same period last year[10] - Operating profit for Q1 2021 reached ¥84.29 million, up from ¥14.24 million in Q1 2020, reflecting a growth of 493.5%[53] - Net profit for Q1 2021 was ¥64.43 million, compared to ¥7.30 million in Q1 2020, representing an increase of 786.0%[53] - The total comprehensive income for Q1 2021 was ¥63.40 million, significantly higher than ¥11.13 million in Q1 2020, reflecting an increase of 470.5%[53] Cash Flow - The net cash flow from operating activities was ¥106,223,261.88, a turnaround from a negative cash flow of ¥38,289,185.55 in the previous year[10] - The net cash flow from operating activities for the first quarter of 2021 was CNY 106,223,261.88, a turnaround from a negative cash flow of CNY -38,289,185.55 in the first quarter of 2020[61] - Cash received from sales of goods and services in the first quarter of 2021 was CNY 747,962,281.72, up from CNY 397,384,359.17 in the first quarter of 2020, indicating a growth of approximately 88%[60] - The total cash inflow from operating activities for the first quarter of 2021 was CNY 784,011,731.21, compared to CNY 434,644,154.21 in the same period of 2020, reflecting an increase of about 80%[61] - The cash outflow for purchasing goods and services in the first quarter of 2021 was CNY 498,775,867.34, compared to CNY 298,323,599.64 in the first quarter of 2020, marking a rise of approximately 67%[61] - The net cash flow from investing activities for the first quarter of 2021 was CNY -47,374,910.78, a decrease from CNY 56,240,044.30 in the first quarter of 2020[64] - The cash and cash equivalents at the end of the first quarter of 2021 amounted to CNY 1,010,981,987.21, compared to CNY 795,150,872.42 at the end of the first quarter of 2020, showing an increase of about 27%[64] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,279,993,185.99, an increase of 1.67% compared to the end of the previous year[10] - The company's total liabilities increased, with notes payable rising by 31.77% to RMB 153,941,489.46, reflecting increased bank acceptance bills[22] - The company's total liabilities decreased to CNY 860.68 million as of March 31, 2021, from CNY 927.16 million at the end of 2020, representing a reduction of approximately 7.2%[38] - Total liabilities amounted to CNY 1,040,791,899.68, a decrease of CNY 41,385,754.93 compared to the previous period[75] - Total equity attributable to shareholders reached CNY 2,091,599,671.75, with a slight decrease of CNY 44,270.33[75] - Current assets totaled CNY 1,650,582,899.16, reflecting an increase of CNY 2,161,605.83 from the previous period[79] - Non-current assets increased to CNY 878,404,116.95, up by CNY 29,813,876.90[79] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,653, with the largest shareholder holding 17.62% of the shares[14] - Total equity attributable to shareholders reached CNY 2,147,767,338.89, an increase of 2.7% from CNY 2,091,599,671.75[40] Research and Development - Research and development expenses accounted for 8.49% of operating revenue, a decrease of 5.77 percentage points compared to the previous year[13] - Research and development expenses for Q1 2021 were ¥44.56 million, slightly up from ¥43.76 million in Q1 2020, showing a 1.8% increase[50] Legal Matters - The company has initiated 22 civil lawsuits as a plaintiff, with 20 cases related to the infringement of its invention patent rights[29] - The company received a total compensation of CNY 1,651,997 from defendants in five civil judgments for patent infringement[29] - The company has withdrawn six lawsuits against Delta Electronics, indicating a strategic decision to streamline its legal actions[29] - The company has one invalidation request pending with the National Intellectual Property Administration regarding a patent held by Delta Electronics[29]