Appo(SH:688007)2023-04-27 16:00Financial Performance - In Q1 2023, the company's operating revenue was CNY 459,012,885.14, a decrease of 12.59% compared to the same period last year[11] - The net profit attributable to shareholders of the listed company was CNY 13,654,664.95, down 23.54% year-on-year[11] - The net profit after deducting non-recurring gains and losses was CNY -11,377,457.90, a significant decline of 2,165.97% compared to the previous year[11] - The company's net profit for Q1 2023 was -¥1,302,447.10, compared to a net profit of ¥7,390,627.17 in Q1 2022, indicating a significant decline[25] - The net profit attributable to the parent company shareholders for the current period is CNY 13,654,664.95, a decrease from CNY 17,858,914.53 in the same period last year, representing a decline of approximately 23.3%[42] - The total comprehensive income attributable to the parent company owners is CNY 13,541,820.71, down from CNY 15,744,119.05, indicating a decrease of about 13.9% year-over-year[42] - The company reported a basic and diluted earnings per share of CNY 0.03, down from CNY 0.04 in the previous year, indicating a decline of 25%[42] Research and Development - The company's R&D investment totaled CNY 63,434,898.20, an increase of 15.49% year-on-year, representing 13.82% of operating revenue, up 3.36 percentage points[11] - Research and development expenses increased by ¥8,509,898.20, representing a year-on-year growth of 15.49%[24] - The company added 42 new patents related to vehicle optical technology in Q1 2023, bringing the total to 170[5] - The company is focusing on the automotive optical business, increasing R&D investments to capture market opportunities[14] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 4,357,740,302.44, a slight increase of 0.56% from the end of the previous year[12] - The equity attributable to shareholders of the listed company was CNY 2,674,401,681.67, up 1.01% from the end of the previous year[12] - Total liabilities and shareholders' equity as of March 31, 2023, amounted to ¥4,357,740,302.44, compared to ¥4,333,350,260.15 at the end of 2022[22] - Total current assets increased from 2,984,949,581.35 to 3,022,039,029.49, reflecting a growth of about 1.25%[38] - Short-term borrowings rose from 129,589,634.03 to 159,659,634.03, an increase of approximately 23.2%[39] - Total liabilities increased slightly from 1,591,831,636.49 to 1,602,052,366.89, showing a growth of about 0.14%[39] - The total equity attributable to shareholders increased from 2,647,663,487.59 to 2,674,401,681.67, reflecting a growth of approximately 1.01%[39] Cash Flow - The net cash flow from operating activities is negative at CNY -36,331,090.68, an improvement from CNY -68,223,422.47 in the previous year, showing a reduction in cash outflow of approximately 46.7%[44] - Cash inflow from investment activities totaled CNY 392,411,345.55, compared to CNY 433,993,354.56 in the prior year, reflecting a decrease of about 9.6%[46] - The net cash flow from financing activities increased significantly to CNY 189,820,412.84, compared to CNY 11,610,484.91 in the same quarter last year, marking a substantial increase of approximately 1535.5%[46] - The total cash and cash equivalents at the end of the period increased to CNY 1,382,127,164.45 from CNY 825,067,061.32, representing a growth of approximately 67.4%[46] - The cash inflow from sales of goods and services was CNY 554,311,050.64, a decrease from CNY 759,788,663.43, reflecting a decline of about 27.1% year-over-year[44] - The company incurred total cash outflows from operating activities of CNY 625,680,700.25, down from CNY 848,685,244.75, indicating a reduction of approximately 26.3%[44] - The company reported a foreign exchange loss impacting cash and cash equivalents of CNY -5,331,963.01, compared to a loss of CNY -285,263.26 in the previous year[46] Market and Business Development - The company achieved a 11.03% year-on-year growth in cinema screening service revenue, totaling CNY 90,963,800[5] - The professional display business saw a revenue increase of 22.11% year-on-year, with overseas professional display revenue growing by 74.71%[5] - The company has received development point notification letters from major automotive brands, indicating strong growth in the vehicle optical business[5] - The company plans to enhance its market presence through increased investment in marketing and R&D[30] Legal Matters - The company is currently involved in a patent infringement lawsuit with Delta Electronics, which is under trial[36] - The company has filed invalidation requests for three patents held by Delta Electronics, which are currently under review by the National Intellectual Property Administration[36] - The company has three patent invalidation requests currently under review by the National Intellectual Property Administration[18]