Appo(SH:688007)2023-10-26 16:00Financial Performance - In Q3 2023, the company reported revenue of CNY 577,380,260.71, a decrease of 4.80% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 53,644,544.29, an increase of 18.19% year-on-year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 1,650,629,298.46, a decrease of 12.0% compared to CNY 1,875,806,319.07 in the same period of 2022[27]. - Operating profit for the first three quarters of 2023 increased to CNY 88,411,240.21, compared to CNY 60,073,154.60 in the same period of 2022, representing a growth of 47.1%[27]. - Net profit for the first three quarters of 2023 was CNY 74,874,922.03, reflecting a significant increase from CNY 36,118,652.04 in the same period of 2022[27]. - The net profit attributable to shareholders for the first three quarters of 2023 reached CNY 128,559,185.24, a year-on-year increase of 40.72%[5][10]. - In Q3 2023, the net profit attributable to shareholders of the parent company was ¥128,559,185.24, an increase of 40.7% compared to ¥91,356,217.12 in Q3 2022[28]. - The basic and diluted earnings per share for Q3 2023 were both ¥0.28, up from ¥0.20 in the same period last year, representing a 40% increase[28]. Cash Flow and Investments - The company achieved a net cash flow from operating activities of CNY 208,932,567.64, a significant increase of 1,762.17% year-to-date[5][10]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥208,932,567.64, significantly higher than ¥11,219,837.41 in the same period of 2022[32]. - The company received cash inflows from operating activities totaling ¥1,913,845,301.19 in the first three quarters of 2023, down from ¥2,218,311,259.83 in the same period of 2022[32]. - The company reported a decrease in cash outflows for operating activities, totaling ¥1,704,912,733.55 in the first three quarters of 2023, compared to ¥2,207,091,422.42 in the same period of 2022[32]. - The net cash flow from investing activities for the first three quarters of 2023 was -¥236,945,534.20, compared to ¥158,405,792.38 in the same period of 2022, indicating a shift towards more investment outflows[34]. - The company’s financing activities generated a net cash flow of ¥21,982,844.19 in the first three quarters of 2023, a decrease from ¥137,793,952.44 in the same period of 2022[34]. Research and Development - R&D expenses totaled CNY 68,441,192.32 in Q3 2023, accounting for 11.85% of revenue, an increase of 2.07 percentage points year-on-year[7]. - Research and development expenses for the first three quarters of 2023 were CNY 194,847,334.44, up from CNY 174,246,551.26 in the same period of 2022, reflecting a growth of 11.3%[27]. - The company filed for 22 new patents related to automotive optical technology in Q3 2023, with a total of 191 patents filed as of September 30, 2023, a year-on-year increase of 39.41%[12][13]. - The company received a development notification from Huayu Vision Technology, marking a breakthrough in the AR-HUD field[11]. Shareholder Information - As of September 30, 2023, the total number of common shareholders was 14,162[16]. - The largest shareholder, Shenzhen Guangfeng Holdings Co., Ltd., holds 79,762,679 shares, accounting for 17.32% of total shares[18]. - The company reported a total of 10 major shareholders, with several being consistent action parties[18]. - The company has not disclosed any other significant relationships among shareholders beyond those mentioned[18]. Assets and Liabilities - Total assets as of the end of Q3 2023 amounted to CNY 4,305,528,862.78, slightly down from CNY 4,333,350,260.15 at the end of Q3 2022[24]. - Total liabilities decreased to CNY 1,465,000,680.68 in Q3 2023 from CNY 1,591,831,636.49 in Q3 2022, a reduction of 8.0%[24]. - Current liabilities totaled CNY 916,188,852.65, down 15.8% from CNY 1,088,676,504.68 in the same period last year[24]. - Long-term borrowings increased to CNY 463,601,985.45 in Q3 2023, up from CNY 403,720,542.45 in Q3 2022, indicating a rise of 14.8%[24]. - The company's retained earnings rose to CNY 701,848,430.98, compared to CNY 597,924,451.67 in the previous year, marking an increase of 17.3%[24]. Inventory and Receivables - Accounts receivable decreased to ¥199,038,929.76 from ¥208,260,235.79, a decline of approximately 4.9%[22]. - Inventory decreased to ¥755,090,295.10 from ¥865,639,961.79, reflecting a reduction of about 12.7%[22]. Profitability Metrics - The gross profit margin improved to 38.12%, up by 6.72 percentage points compared to the previous year[11]. - The weighted average return on equity increased to 1.93%, up by 0.15 percentage points from the previous year[7]. - The total comprehensive income attributable to shareholders of the parent company in Q3 2023 was ¥132,014,764.81, compared to ¥112,071,181.91 in Q3 2022, reflecting a growth of 17.8%[28].