Appo(SH:688007)2021-10-22 16:00Financial Performance - The company's revenue for Q3 2021 was approximately CNY 1.66 billion, representing a year-over-year increase of 34.09%[10] - Net profit attributable to shareholders for Q3 2021 was approximately CNY 211.35 million, a significant increase of 378.84% compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was approximately CNY 108.06 million, marking a positive turnaround from a loss in the previous year[10] - The basic earnings per share for Q3 2021 was CNY 0.13, reflecting an increase of 85.71% year-over-year[9] - Total operating revenue for the first three quarters of 2021 reached ¥1,660,621,770.06, an increase of 34% compared to ¥1,238,398,708.87 in the same period of 2020[40] - The company's net profit attributable to shareholders for the first three quarters of 2021 was ¥544,287,955.86, a significant increase from ¥357,793,891.96 in the same period last year, representing a growth of 52%[36] - The company's net profit attributable to shareholders of the parent company reached ¥211,350,740.98, a significant increase compared to ¥44,138,225.23 from the previous year, reflecting a growth of approximately 377%[46] - The total comprehensive income amounted to ¥220,858,762.03, compared to ¥18,883,849.50 in the same period last year, indicating a substantial increase[46] - The basic earnings per share were ¥0.47, up from ¥0.10 in the previous year, representing a 370% increase[46] - The operating profit was ¥2,806,008.82, a significant increase from ¥416,243.15 in the previous year, indicating a growth of over 573%[46] - The company reported a total revenue of ¥2,048,876,161.32 from sales of goods and services, compared to ¥1,457,706,115.99 in the previous year, reflecting a growth of approximately 40.5%[46] Assets and Liabilities - The total assets as of the end of Q3 2021 were approximately CNY 3.80 billion, an increase of 17.85% compared to the end of the previous year[9] - Total assets increased to ¥3,802,025,432.02 from ¥3,226,204,326.69, marking a growth of 18% year-over-year[36] - Total liabilities rose to ¥1,405,045,089.89, up from ¥1,040,791,899.68, reflecting a 35% increase[36] - The company's equity attributable to shareholders reached ¥2,404,985,350.82, compared to ¥2,091,599,671.75 in the previous year, showing a growth of 15%[36] - Long-term borrowings increased significantly to ¥320,054,686.09 from ¥64,845,281.53, indicating a rise of over 393%[36] - The total liabilities increased by $41,385,754.93 compared to the previous reporting period[56] Cash Flow - The net cash flow from operating activities for the year-to-date period was approximately -CNY 20.92 million, a decline of 118.46% year-over-year[10] - Cash inflows from operating activities totaled ¥2,174,519,332.13, compared to ¥1,594,954,758.57 in the previous year, marking an increase of approximately 36%[47] - The net cash flow from operating activities was -¥20,916,883.81, a decline from ¥113,316,743.29 in the previous year, indicating a negative shift[47] - Cash outflows from investment activities were ¥1,839,946,989.51, compared to ¥2,107,112,172.06 in the previous year, showing a decrease of about 12.7%[47] - The net cash flow from investment activities was -¥571,016,907.22, worsening from -¥284,349,394.79 in the previous year[47] - The cash and cash equivalents at the end of the reporting period were not specified but are critical for assessing liquidity[36] - The cash and cash equivalents at the end of the period were $638,095,379.48, down from $983,525,089.44 at the beginning of the period[51] - The company recognized a decrease in cash and cash equivalents by $345,429,709.96 during the reporting period[51] Research and Development - R&D expenses for Q3 2021 totaled approximately CNY 60.72 million, accounting for 10.92% of revenue, a decrease of 0.42 percentage points year-over-year[9] - Research and development expenses amounted to ¥155,853,227.70, compared to ¥146,557,856.84 in the prior year, indicating a growth of approximately 6%[40] - The company has a strong focus on R&D, with ongoing efforts to develop new technologies and products to enhance market competitiveness[26] Market Strategy - The company plans to continue strategic inventory preparations and launch multiple new products during peak promotional periods like "Double Eleven"[10] - The company aims to expand its market presence in high education and commercial sectors while leveraging ALPD® technology for innovative applications in aviation, automotive, and smart home sectors[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] Legal Matters - The company is involved in ongoing litigation regarding patent infringement, with a total amount in dispute of ¥32.02 million related to two cases against Delta Company[26] - The company has filed three invalidation requests for patents currently under review by the National Intellectual Property Administration[29] Shareholder Information - The total number of unrestricted circulating shares held by the top shareholder, CITIC Industrial Investment Fund (Hong Kong) 2016 Investment Co., Ltd., is 25,682,693 shares[21] - The company has not reported any related party transactions or agreements among its major shareholders[24] - The company is actively managing its financial assets and liabilities to optimize its capital structure and enhance shareholder value[30]