Appo(SH:688007)2021-08-24 16:00Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 25%[12]. - The company expects a revenue growth of 30% for the full year 2021, projecting total revenue to reach approximately 2.5 billion RMB[12]. - The company's operating revenue for the first half of the year reached ¥1,104,689,243.59, representing a year-on-year increase of 54.28%[21]. - Net profit attributable to shareholders increased by 956.81% to ¥151,413,920.79, with basic and diluted earnings per share both rising to ¥0.33, a 1,000% increase[21]. - The company achieved a revenue of 1.105 billion RMB, representing a year-on-year growth of 54.28%, and a net profit of 151 million RMB, with a staggering year-on-year increase of 956.81%[71]. User Growth and Market Expansion - User data indicates that the number of active users reached 5 million, up from 4 million in the same period last year, marking a growth of 25%[12]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[12]. - The TO C business generated 541 million RMB, accounting for 48.99% of total revenue, while the TO B business showed significant growth with laser film projection services, laser film projectors, engineering, and education businesses increasing by 576.76%, 120.09%, 154.14%, and 51.09% respectively[71]. - The overseas education market saw a revenue increase of over 400%, with new market entries in Russia and Turkey[80]. Research and Development - Research and development expenses increased by 20% to 150 million RMB, focusing on enhancing product technology and innovation[12]. - The company has invested a total of ¥95,128,483.66 in R&D during the reporting period, representing an 8.97% increase compared to the previous period, while the R&D expenditure as a percentage of operating income decreased by 3.58 percentage points to 8.61%[52]. - The company has achieved a cumulative total of 2,068 intellectual property rights, including 684 invention patents, 413 utility model patents, and 147 design patents[48]. - The company has accumulated a total of 2,221 patents globally, including 115 newly authorized patents during the reporting period[84]. Product Development and Innovation - New product launches include the latest generation of laser projectors, which are expected to contribute an additional 200 million RMB in revenue by the end of 2021[12]. - The company continues to expand its product offerings in home and commercial sectors, leveraging its ALPD® technology for various display applications[25]. - The company has developed a full range of products based on ALPD®4.0 technology, including a laser cinema light source platform covering 10,000-50,000 lumens, and a laser TV light engine platform compatible with three-color, two-color, and single-color lasers[42]. - The company launched the Cinema 2 laser TV, which features a 10% increase in brightness compared to the previous generation, achieving a maximum brightness of 4,000 lumens and supporting 80-150 inch projection[45]. Financial Health and Cash Flow - The net cash flow from operating activities increased by 170.86% to ¥170,659,313.90, driven by higher sales revenue and improved collection[21]. - The company's total assets grew by 13.17% to ¥3,651,135,378.47, while net assets attributable to shareholders increased by 11.13% to ¥2,324,476,282.79[21]. - The company's operating costs increased by 36.59% year-on-year to approximately ¥723.61 million, primarily due to the corresponding increase in revenue[93]. - The company’s financial expenses decreased by 80.94% year-on-year, primarily due to improved operating cash flow and lower funding costs[96]. Risk Management - The company has identified potential risks related to supply chain disruptions and is actively working on mitigation strategies[12]. - The company faced a risk of inventory impairment, with inventory valued at approximately ¥641.58 million, accounting for 17.57% of total assets[90]. Environmental and Social Responsibility - The company achieved a 38.46% reduction in average water consumption per unit and a 10.01% reduction in average electricity consumption per unit compared to the previous year[129]. - The company reported zero external environmental complaints and met all key environmental indicators during the reporting period[130]. - The company is not classified as a key pollutant discharge unit and has implemented various energy-saving and emission-reduction measures[129]. Corporate Governance and Shareholder Matters - The company has committed to a share lock-up arrangement for 36 months following the initial public offering, with specific extensions applicable[142]. - The actual controller and shareholders have voluntarily locked their shares and extended the lock-up period, ensuring compliance with the commitments made[143]. - The company has outlined a plan to stabilize its stock price and implement share buyback measures within 36 months post-IPO[150]. - The company has made long-term commitments regarding measures to address fraudulent issuance during the IPO process[153]. Legal Matters - The company is involved in significant litigation regarding patent disputes, with claims for damages amounting to CNY 48.03 million and CNY 80 million in separate cases[164]. - The company is involved in multiple patent infringement lawsuits, with claims involving amounts of RMB 1,614.53 million and RMB 2,800.00 million[165][171].