Stock Code: 688007 Stock Short Name: Appotronics
Appotronics Corporation LimitedThe Third Quarter Report in 2021
The Board of Directors and all the directors of the Company warrant that theinformation contained in this Report is free from any misrepresentation, misleadingstatement or material omission, and agree to assume the liability for the truth,accuracy and completeness of this Report according to law.
Important Note:
The Board of Directors, the Board of Supervisors, directors, supervisors and senior officers ofthe Company hereby warrant that the information contained in this Quarter Report is true,accurate and complete and this Report is free from any misrepresentation, misleading statementor major omission, and agree to assume joint and several liability for this Report.The Principal of the Company, Chief Accountant and Person in charge of the Accounting Body(Chief Accountants) warrant the information presented in the financial statements in thisQuarter Report is true, accurate and complete.Whether the third quarter financial statements have been audited
□Yes√No
本报告为深圳光峰科技股份有限公司自愿披露的《2021年第三季度报告（英文版）》，对本报告的中英文版本理解上发生歧义时，以中文版本为准。
The Third Quarter Report in 2021 is voluntarily disclosed by Appotronics CorporationLimited, and if the meaning of the translated version is different than the Chinese version, theChinese version will control.
I. Major financial data(I) Key accounting data and financial indicators
In RMB
| Item | During the reporting period | Change over the prior period (%) | From the beginning of the year to the end of the reporting period | Change over the prior period (%) |
| Operating revenue | 555,932,526.47 | 6.42 | 1,660,621,770.06 | 34.09 |
| Net profit attributable to shareholders of the listed company | 59,936,820.19 | 101.06 | 211,350,740.98 | 378.84 |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss | 41,093,330.65 | 123.21 | 108,055,266.73 | N/A |
| Net cash flow from operating activities | N/A | N/A | -20,916,883.81 | -118.46 |
| Basic earnings per share (RMB/share) | 0.13 | 85.71 | 0.47 | 370.00 |
| Diluted earnings per share (RMB/share) | 0.13 | 85.71 | 0.46 | 360.00 |
| Weighted average return on net assets (%) | 2.53 | Increase by 1.03% | 9.38 | Increase by 7.17% |
| Total R&D investments | 60,724,744.04 | 2.47 | 155,853,227.70 | 6.34 |
| Proportion of R&D investments to operating income (%) | 10.92 | Decrease by 0.42% | 9.39 | Decrease by 2.44% |
| At the end of the reporting period | At the end of the prior year | Changes at the end of the reporting period from | ||
the end ofthe prior year
(%)
| the end of the prior year (%) | |||
| Total assets | 3,802,025,432.02 | 3,226,204,326.69 | 17.85 |
| Equity attributable to shareholders of the listed company | 2,404,985,350.82 | 2,091,599,671.75 | 14.98 |
Item
| Item | Amount for the reporting period | Amount from the beginning of the year to the end of the reporting period | Description |
| Profit or loss from disposal of non-current assets (including the offset part of the retained asset impairment provisions) | -179,148.42 | 1,869,005.68 | |
| Government grants recognized in profit or loss for the current period (excluding government grants that are closely related to the business of the Company and are provided in fixed amount or quantity continuously according to the applicable polices and standards of the country) | 6,633,924.98 | 78,442,136.30 | |
| Profit or loss of assets investments and management entrusted by other people | 3,769,295.90 | 5,915,219.29 | |
| Net profit or loss of subsidiaries from the beginning of the period up to the business combination date recognized as a result of business combination of enterprises involving enterprises under common control | 5,592,162.91 | 16,978,379.38 | |
| Profit or loss on changes in the fair value of held-for-trading financial assets and held-for-trading financial liabilities and investment income on disposal of held-for-trading financial assets, held-for-trading financial liabilities and available-for-sale financial assets (exclusive of the effective portion of the hedges that arise in the Company’s ordinary course of business) | 74,676.00 | 38,250,576.00 | |
| Non-operating income and expenses other than above | 29,640.59 | 530,950.33 | |
| Projects meeting the definition of non-recurring profit or loss | 571,819.78 | Primarily due to return of handling costs |
for individualtaxes
| for individual taxes | |||
| Less: Effect of income taxes | -11,031,330.40 | 6,201,323.51 | |
| Effect of minority interests (after tax) | 8,108,392.82 | 33,061,289.00 | |
| Total | 18,843,489.54 | 103,295,474.25 |
| Item | Change (%) | Main reason |
| Operating revenue_from the beginning of the year to the end of the reporting period | 34.09 | Primarily due to the increase in the revenue from large venue products and household products for the first three quarters and the recovery of the cinema business |
| Net profit attributable to shareholders of the listed company_from the beginning of the year to the end of the reporting period | 378.84 | Primarily due to the increases in revenue, gross profit and non-recurring profit or loss for the first three quarters |
| Net profit attributable to shareholders of the listed company_during the reporting period | 101.06 | Primarily due to the increase in the gross profit margin and the decrease in the income tax expenses caused by additional deduction of research and development expenses during the reporting period |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss_from the beginning of the year to the end of the reporting period | N/A | Primarily due to the increases in revenue and gross profit margin for the first three quarters |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss_during the reporting period | 123.21 | Primarily due to the increase in the gross profit margin and the decrease in the income tax expenses caused by additional deduction of research and development expenses during the reporting period |
Net cash flow from operatingactivities_from the beginning of the year tothe end of the reporting period
| Net cash flow from operating activities_from the beginning of the year to the end of the reporting period | -118.46 | Primarily due to the increases in strategic stocking and prepayments for the first third quarters |
| Basic earnings per share (RMB/share)_from the beginning of the year to the end of the reporting period | 370.00 | Primarily due to the increase in the profit of the Company for the first three quarters |
| Basic earnings per share (RMB/share)_during the reporting period | 85.71 | Primarily due to the increase in the profit of the Company during the reporting period |
| Diluted earnings per share (RMB/share)_from the beginning of the year to the end of the reporting period | 360.00 | Primarily due to the increase in the profit of the Company for the first three quarters |
| Diluted earnings per share (RMB/share)_during the reporting period | 85.71 | Primarily due to the increase in the profit of the Company during the reporting period |
| Total number of holders of ordinary shares at the end of the reporting period | 14,306 | Total number of preferred shareholders with resumed voting right during the reporting period (if any) | N/A | |||||
| Shareholding status of top 10 shareholders | ||||||||
| Shareholder name | Shareholder nature | Number of shares held | Proportion of shareholding (%) | Number of restricted shares held | Number of restricted shares held, including the shares lent out under the refinancing arrangement | Shares pledged or frozen | ||
| Status | Number | |||||||
| Shenzhen Appotronics Holdings Limited | Domestic non-stated owned legal person | 79,762,679 | 17.62 | 79,762,679 | 79,762,679 | None | 0 | |
CITIC PEInvestment (HongKong) 2016Limited
| CITIC PE Investment (Hong Kong) 2016 Limited | Overseas legal person | 25,682,693 | 5.67 | 0 | 0 | None | 0 | |
| SAIF IV Hong Kong (China Investments) Limited | Overseas legal person | 24,554,268 | 5.42 | 0 | 0 | None | 0 | |
| Shenzhen Yuanshi Laser Industrial Investment Consulting Partnership (LP) | Others | 24,139,500 | 5.33 | 24,139,500 | 24,139,500 | None | 0 | |
| Nantong Strait Appotronics Investment Partnership (LP) | Others | 23,080,329 | 5.10 | 0 | 0 | None | 0 | |
| Shenzhen Appotronics Daye Investment Partnership (LP) | Others | 20,430,250 | 4.51 | 20,430,250 | 20,430,250 | None | 0 | |
| Shenzhen Appotronics Hongye Investment Partnership (LP) | Others | 15,662,374 | 3.46 | 15,662,374 | 15,662,374 | None | 0 | |
| Shenzhen Jinleijing Investment Limited Partnership (LP) | Others | 12,353,106 | 2.73 | 12,353,106 | 12,353,106 | None | 0 | |
| GREEN FUTURE HOLDINGS LIMITED | Overseas legal person | 12,333,426 | 2.72 | 0 | 0 | None | 0 | |
| Shenzhen Appotronics Chengye Consulting Partnership (LP) | Others | 10,394,846 | 2.30 | 10,394,846 | 10,394,846 | None | 0 | |
| Shareholdings of top 10 unrestricted shareholders | ||||||||
| Shareholder name | Number of unrestricted shares held | Type and number of shares | ||||||
| Share type | Number | |||||||
CITIC PEInvestment (HongKong) 2016Limited
| CITIC PE Investment (Hong Kong) 2016 Limited | 25,682,693 | RMB-denominated ordinary share | 25,682,693 |
| SAIF IV Hong Kong (China Investments) Limited | 24,554,268 | RMB-denominated ordinary share | 24,554,268 |
| Nantong Strait Appotronics Investment Partnership (LP) | 23,080,329 | RMB-denominated ordinary share | 23,080,329 |
| GREEN FUTURE HOLDINGS LIMITED | 12,333,426 | RMB-denominated ordinary share | 12,333,426 |
| Smart Team Investment Limited | 6,605,948 | RMB-denominated ordinary share | 6,605,948 |
| Shenzhen Guochuang Chenggu Capital Management Co., Ltd. - Shenzhen Chengguhui Equity Investment Partnership (LP) | 6,464,369 | RMB-denominated ordinary share | 6,464,369 |
| Shenzhen Liansong Capital Management Partnership (LP) | 5,833,817 | RMB-denominated ordinary share | 5,833,817 |
| China Merchants Bank Co., Ltd. - Huaxia SSE STAR Market 50 Constituent Trading Open-end Index Securities Investment Fund | 5,197,149 | RMB-denominated ordinary share | 5,197,149 |
China MerchantsBank Co., Ltd. -One-year ABCHuili StrategicIncome HybridSecuritiesInvestment Fund
| China Merchants Bank Co., Ltd. - One-year ABC Huili Strategic Income Hybrid Securities Investment Fund | 4,640,822 | RMB-denominated ordinary share | 4,640,822 |
| China Construction Bank Corporation-Invesco Great Wall Environmental Advantage Stock Securities Investment Fund | 4,379,557 | RMB-denominated ordinary share | 4,379,557 |
| Description of related party relationship or concerted action of the said shareholders | As of the end of the reporting period, Appotronics Holdings, Yuanshi, Appotronics Daye, Appotronics Hongye, Jinleijing, Appotronics Chengye, and BLACKPINE Investment Corp. Limited are acting-in-concert parties. Besides, the Company has not received any notice about related or acting-in-concert parties among other shareholders stated above. | ||
| Description of participation in the securities margin trading and short selling (if any) by top 10 shareholders and top 10 holders of tradable shares | N/A | ||
2. During the reporting period, the Company received the (2021) Zui Gao Zhi Min Zhong No.639 Civil Ruling issued by the Supreme People’s Court in September 2021 (corresponding to thecase of the first instance: (2019) Jing 73 Min Chu No. 1277, as the patents involved have beendeclared invalid by the State Intellectual Property Office and the lawsuit filed by Delta wasdismissed upon the ruling of the first instance). The Supreme People’s Court upheld the ruling ofthe first instance, and judged that the litigation filed by Delta was dismissed.
3. During the reporting period, the Company received two notices of response issued by theShanghai Intellectual Property Court ((2021) Hu 73 Zhi Min Chu No. 1069 and 1070) , and theamount involved in the lawsuit totaled RMB 32.02 million. Delta, as the plaintiff, filed a patentinfringement lawsuit against the Company, the patents involved in the lawsuit were patents forinvention including ZL201410249663.7 “Method for manufacturing light source module and colorwheel” and ZL201110041436.1 “Heat dissipation assembly and projection device with the same.”After the analysis, the Company preliminarily determines that it does not commit the infringementin such two cases, it will actively respond to the lawsuit and take relevant legal measures to claimits own legitimate rights and interests.(II) Petition for invalidation
As of the disclosure date of this Report, there have been three invalidation cases where theCompany acted as a patentee, which are in trial at the State Intellectual Property Office. The patentsinvolved in cases were ZL200810065225.X, ZL201110086731.9 and ZL201510464408.9.
As of the disclosure date of this Report, there has been one invalidation case that the Company,as a petitioner, brought against Delta, which is in trial at the State Intellectual Property Office.
IV. Quarter financial statements(I)Audit opinion
□ Applicable√ N/A
Financial statements
Consolidated Balance Sheet
September 30, 2021Prepared by: Appotronics Corporation Limited
In RMB, Unaudited
| Item | September 30, 2021 | December 31, 2020 |
| Current Assets: | ||
| Monetary capital | 703,333,209.24 | 1,037,760,573.27 |
| Settlement reserve | ||
| Inter-bank lending | ||
| Held-for-trading financial assets | 585,000,000.00 | 114,000,000.00 |
| Derivative financial assets | ||
| Notes receivable | 6,753,787.31 | 3,726,328.91 |
Accounts receivable
| Accounts receivable | 199,512,521.37 | 341,660,832.43 |
| Receivables financing | 2,386,000.00 | 11,959,000.00 |
| Prepayments | 110,640,789.39 | 47,447,601.43 |
| Premiums receivable | ||
| Amounts receivable under reinsurance contracts | ||
| Reinsurer's share of insurance contract reserves | ||
| Other receivables | 18,062,326.12 | 12,534,062.15 |
| Including: Interest receivable | ||
| Dividends receivable | ||
| Redemptory monetary capital for sale | ||
| Inventories | 752,859,798.88 | 418,812,140.80 |
| Contract assets | 6,532,419.33 | 3,744,655.50 |
| Held-for-sale assets | ||
| Non-current assets due within one year | ||
| Other current assets | 53,254,499.37 | 13,002,195.46 |
| Total Current Assets | 2,438,335,351.01 | 2,004,647,389.95 |
| Non-current Assets: | ||
| Loans and advances | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivables | 6,126,264.99 | 13,196,087.78 |
| Long-term equity investments | 298,050,188.64 | 262,744,772.48 |
| Other equity instrument investments | 11,975,419.38 | 11,975,419.38 |
| Other non-current financial assets | ||
| Investment properties | ||
| Fixed assets | 460,966,280.07 | 447,571,328.91 |
| Construction in progress | 116,539,353.99 | 51,576,850.72 |
| Bearer biological assets | ||
| Oil and gas assets | ||
| Use right assets | 30,783,998.55 | |
| Intangible assets | 311,592,235.74 | 320,488,235.60 |
| Development expenditure | ||
| Goodwill | ||
| Long-term prepaid expenses | 10,571,226.72 | 11,572,346.79 |
| Deferred tax assets | 103,784,308.65 | 96,132,114.02 |
Other non-current assets
| Other non-current assets | 13,300,804.28 | 6,299,781.06 |
| Total Non-current Assets | 1,363,690,081.01 | 1,221,556,936.74 |
| Total assets | 3,802,025,432.02 | 3,226,204,326.69 |
| Current Liabilities: | ||
| Short-term borrowings | 5,567,645.00 | 88,778,852.86 |
| Loans from the central bank | ||
| Taking from banks and other financial institutions | ||
| Held-for-trading financial liabilities | ||
| Derivative financial liabilities | ||
| Notes payable | 144,667,187.09 | 116,822,674.67 |
| Accounts payable | 243,489,117.26 | 226,494,815.90 |
| Receipts in advance | 133,627,491.22 | 153,258,189.88 |
| Contract liabilities | 36,139,493.07 | 31,518,312.59 |
| Income from sale of the repurchased financial assets | ||
| Deposits taking and interbank placement | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Employee benefits payable | 26,903,573.70 | 46,105,566.15 |
| Taxes payable | 30,757,529.88 | 19,871,846.94 |
| Other payables | 253,751,013.97 | 59,848,053.83 |
| Including: Interest payable | ||
| Dividends payable | ||
| Service charge and commissions payable | ||
| Payable reinsurance | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within one year | 123,373,388.14 | 181,417,412.46 |
| Other current liabilities | 3,647,893.92 | 3,045,831.07 |
| Total Current Liabilities | 1,001,924,333.25 | 927,161,556.35 |
| Non-current Liabilities: | ||
| Insurance contract reserves | ||
| Long-term borrowings | 320,054,686.09 | 64,845,281.53 |
| Bonds payable | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Leasing liabilities | 32,493,477.18 | |
| Long-term payables | 3,242,700.00 | 3,262,450.00 |
Long-term employee benefitspayable
| Long-term employee benefits payable | ||
| Estimated liabilities | 33,102,029.79 | 28,799,354.65 |
| Deferred income | 14,227,863.58 | 16,723,257.15 |
| Deferred tax liabilities | ||
| Other non-current liabilities | ||
| Total Non-current Liabilities | 403,120,756.64 | 113,630,343.33 |
| Total Liabilities | 1,405,045,089.89 | 1,040,791,899.68 |
| Owners’ (or Shareholders’) equity: | ||
| Paid-in capital (or share capital) | 452,756,901.00 | 452,756,901.00 |
| Other equity instruments | ||
| Including: Preferred shares | ||
| Perpetual bonds | ||
| Capital reserve | 1,380,591,521.75 | 1,249,020,991.15 |
| Less: Treasury shares | ||
| Other comprehensive income | -7,893,207.36 | -3,214,291.93 |
| Special reserve | ||
| Surplus reserve | 35,242,179.57 | 35,242,179.57 |
| General risk reserve | ||
| Retained profits | 544,287,955.86 | 357,793,891.96 |
| Total owners’(or Shareholders’) equity attributable to owners of the Parent Company | 2,404,985,350.82 | 2,091,599,671.75 |
| Minority interests | -8,005,008.69 | 93,812,755.26 |
| Total owners’ (or Shareholders’) equity | 2,396,980,342.13 | 2,185,412,427.01 |
| Total liabilities and owners’ (or Shareholders’) equity | 3,802,025,432.02 | 3,226,204,326.69 |
| Item | The First Three Quarters in 2021 (From January to September) | The First Three Quarters in 2020 (From January to September) |
I. Turnover
| I. Turnover | 1,660,621,770.06 | 1,238,398,708.87 |
| Including: Operating income | 1,660,621,770.06 | 1,238,398,708.87 |
| Interest income | ||
| Premiums earned | ||
| Service charge and commission income | ||
| II. Total operating costs | 1,522,416,553.31 | 1,248,451,362.20 |
| Including: Operating costs | 1,076,872,169.84 | 892,453,334.39 |
| Interest expenses | ||
| Service charge and commission expenses | ||
| Surrender value | ||
| Net compensation expenses | ||
| Net withdrawal of insurance contract reserves | ||
| Payment of policy dividends | ||
| Expenses for reinsurance | ||
| Taxes and levies | 5,617,717.41 | 4,205,362.39 |
| Selling expenses | 145,563,099.50 | 83,078,892.91 |
| Administrative expenses | 132,895,382.17 | 113,115,280.56 |
| R&D expenses | 155,853,227.70 | 146,557,856.84 |
| Financial expenses | 5,614,956.69 | 9,040,635.11 |
| Including: Interest expense | 18,318,882.49 | 16,194,534.70 |
| Interest income | 14,347,106.01 | 7,366,346.43 |
| Add: other income | 63,720,294.62 | 38,477,908.99 |
| Investment income (loss is indicated by “-”) | 14,662,288.46 | 12,610,023.47 |
| Including: Income from investments in associates and joint ventures | 8,747,066.17 | -149,153.80 |
| Gains from derecognition of financial assets at amortized assets | ||
| Exchange gains (loss is indicated by “-”) | ||
| Gains from net exposure hedges (loss is indicated by “-”) | ||
| Gains from changes in fair values (loss is indicated by “-”) | 38,250,576.00 | |
| Losses of credit impairment (loss is indicated by “-”) | 5,758,981.72 | 2,199,052.47 |
| Impairment losses of assets (loss is indicated by “-”) | -14,281,326.09 | -8,929,461.13 |
Gains from disposal of assets(loss is indicated by “-”)
| Gains from disposal of assets (loss is indicated by “-”) | 2,806,008.82 | 416,243.15 |
| III. Operating profit (loss is indicated by “-”) | 249,122,040.28 | 34,721,113.62 |
| Add: Non-operating income | 22,396,289.78 | 876,830.38 |
| Less: Non-operating expenses | 710,619.08 | 854,035.98 |
| IV. Total profits (total losses are indicated by “-”) | 270,807,710.98 | 34,743,908.02 |
| Less: Income tax expenses | 45,287,451.51 | 18,096,689.22 |
| V. Net profits (net losses are indicated by “-”) | 225,520,259.47 | 16,647,218.80 |
| (I) Categorized by the sustainability of operation | ||
| 1. Net profits from sustainable operations (net losses are indicated by “-”) | 225,520,259.47 | 16,647,218.80 |
| 2. Net profits from termination operations (net losses are indicated by “-”) | ||
| (II) Categorized by the ownership | ||
| 1. Net profits attributable to shareholders of the Parent Company (net losses are indicated by “-”) | 211,350,740.98 | 44,138,225.23 |
| 2. Profits or losses attributable to minority shareholders (net losses are indicated by “-”) | 14,169,518.49 | -27,491,006.43 |
| VI. Net of other comprehensive income after tax | -4,661,497.44 | 2,236,630.70 |
| (I) Net of other comprehensive income after tax attributable to owners of the Parent Company | -4,678,915.43 | 2,205,949.42 |
| 1. Other comprehensive income that cannot be reclassified to profit or loss | ||
| (1) Changes from re-measurement of defined benefit plans | ||
| (2) Other comprehensive income that cannot be reclassified to profit or loss under the equity method | ||
| (3) Changes in fair value of investments in other equity instruments | ||
| (4) Changes in fair value of enterprises’ own credit risks | ||
| 2. Other comprehensive income that will be reclassified to profit or loss | -4,678,915.43 | 2,205,949.42 |
(1) Other comprehensive income that
will be reclassified to profit or loss underthe equity method
| (1) Other comprehensive income that will be reclassified to profit or loss under the equity method | 6,635,497.46 | |
| (2) Changes in fair value of other debt investments | ||
| (3) Amount of financial assets reclassified to other comprehensive income | ||
| (4) Provision for credit impairment of other debt investments | ||
| (5) Reserve for cash flow hedges | ||
| (6) Converted difference in foreign currencies statements | -4,678,915.43 | -4,429,548.04 |
| (7) Others | ||
| (II) Net of other comprehensive income after tax that can be attributable to minority shareholders | 17,417.99 | 30,681.28 |
| VII. Total comprehensive income | 220,858,762.03 | 18,883,849.50 |
| (I) Total comprehensive income that can be attributable to owners of the Parent Company | 206,671,825.55 | 46,344,174.65 |
| (II) Total comprehensive income that can be attributable to minority shareholders | 14,186,936.48 | -27,460,325.15 |
| VIII. Earnings per share: | ||
| (I) Basic earnings per share (RMB/share) | 0.47 | 0.10 |
| (II) Diluted earnings per share (RMB/share) | 0.46 | 0.10 |
| Item | The First Three Quarters in 2021 (From January to September) | The First Three Quarters in 2020 (From January to September) |
| I. Cash Flows from Operating Activities: | ||
| Cash receipts from the sale of goods and the rendering of services | 2,048,876,161.32 | 1,457,706,115.99 |
Net increase in customer depositstaking and interbank placement
| Net increase in customer deposits taking and interbank placement | ||
| Net increase in loans from the central bank | ||
| Net increase in taking from banks and other financial institutions | ||
| Cash receipts from premiums under direct insurance contracts | ||
| Net cash receipts from reinsurance business | ||
| Net cash receipts from policyholders’ deposits and investment contract liabilities | ||
| Cash receipts from interest, fees and commissions | ||
| Net increase in taking from banks | ||
| Net increase in financial assets sold under repurchase arrangements | ||
| Net cash received from securities trading agencies | ||
| Receipts of tax refunds | 3,976,915.95 | 5,764,495.55 |
| Other cash receipts relating to operating activities | 121,666,254.86 | 131,484,147.03 |
| Sub-total of cash inflows from operating activities | 2,174,519,332.13 | 1,594,954,758.57 |
| Cash payments for goods purchased and services received | 1,668,381,738.55 | 1,026,554,782.15 |
| Net increase in loans and advances to customers | ||
| Net increase in balance with the central bank and due from banks and other financial institutions | ||
| Cash payments for claims and policyholders' benefits under direct insurance contracts | ||
| Net increase in placements with banks and other financial institutions | ||
| Cash payments for interest, service charge and commissions | ||
| Cash payments for insurance policyholder dividends | ||
| Cash payments to and for employees | 252,707,702.15 | 224,599,412.16 |
| Payments of various types of taxes | 66,765,688.03 | 55,076,208.73 |
Other cash payments relating tooperating activities
| Other cash payments relating to operating activities | 207,581,087.21 | 175,407,612.24 |
| Sub-total of cash outflows from operating activities | 2,195,436,215.94 | 1,481,638,015.28 |
| Net cash flow from operating activities | -20,916,883.81 | 113,316,743.29 |
| II. Cash Flows from Investing Activities: | ||
| Cash receipts from disposals and recovery of investments | 1,263,000,000.00 | 1,810,000,000.00 |
| Cash receipts from investment income | 5,915,222.29 | 12,759,177.27 |
| Net cash receipts from disposals of fixed assets, intangible assets and other long-term assets | 14,860.00 | 3,600.00 |
| Net cash receipts from disposals of subsidiaries and other business units | ||
| Other cash receipts relating to investing activities | ||
| Sub-total of cash inflows from investing activities | 1,268,930,082.29 | 1,822,762,777.27 |
| Cash payments to acquire or construct fixed assets, intangible assets and other long-term assets | 71,898,602.19 | 44,898,632.06 |
| Cash payments to acquire investments | 1,768,048,387.32 | 2,062,213,540.00 |
| Net increase in pledged loans receivables | ||
| Net cash payments for acquisitions of subsidiaries and other business units | ||
| Other cash payments relating to investing activities | ||
| Sub-total of cash outflows from investing activities | 1,839,946,989.51 | 2,107,112,172.06 |
| Net cash flow from investing activities | -571,016,907.22 | -284,349,394.79 |
| III. Cash Flows from Financing Activities: | ||
| Cash receipts from capital contributions | 10,131,579.00 |
Including: cash receipts fromcapital contributions from minorityshareholders of subsidiaries
| Including: cash receipts from capital contributions from minority shareholders of subsidiaries | 10,131,579.00 | |
| Cash receipts from borrowings | 377,914,331.79 | 98,922,683.45 |
| Other cash receipts relating to financing activities | 215,000,000.00 | 19,320,000.00 |
| Sub-total of cash inflows from financing activities | 603,045,910.79 | 118,242,683.45 |
| Cash repayments of borrowings | 264,982,699.04 | 248,568,075.70 |
| Cash payments for distribution of dividends or profits or settlement of interest expenses | 53,970,048.18 | 50,497,914.29 |
| Including: payments for distribution of dividends or profits to minority shareholders of subsidiaries | 18,400,000.00 | |
| Other cash payments relating to financing activities | 37,065,490.51 | 187,880.36 |
| Sub-total of cash outflows from financing activities | 356,018,237.73 | 299,253,870.35 |
| Net cash flow from financing activities | 247,027,673.06 | -181,011,186.90 |
| IV. Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents | -523,591.99 | -3,483,946.39 |
| V. Net Increase in Cash and Cash Equivalents | -345,429,709.96 | -355,527,784.79 |
| Add: Opening balance of cash and cash equivalents | 983,525,089.44 | 829,789,487.86 |
| VI. Ending Balance of Cash and Cash Equivalents | 638,095,379.48 | 474,261,703.07 |
| Item | December 31, 2020 | January 1, 2021 | Adjusted amount |
| Current Assets: | |||
| Monetary capital | 1,037,760,573.27 | 1,037,760,573.27 | |
Settlement reserve
| Settlement reserve | |||
| Inter-bank lending | |||
| Held-for-trading financial assets | 114,000,000.00 | 114,000,000.00 | |
| Derivative financial assets | |||
| Notes receivable | 3,726,328.91 | 3,726,328.91 | |
| Accounts receivable | 341,660,832.43 | 341,660,832.43 | |
| Receivables financing | 11,959,000.00 | 11,959,000.00 | |
| Prepayments | 47,447,601.43 | 49,174,631.52 | 1,727,030.09 |
| Premiums receivable | |||
| Amounts receivable under reinsurance contracts | |||
| Reinsurer’s share of insurance contract reserves | |||
| Other receivables | 12,534,062.15 | 12,534,062.15 | |
| Including: Interest receivable | |||
| Dividends receivable | |||
| Redemptory monetary capital for sale | |||
| Inventories | 418,812,140.80 | 418,812,140.80 | |
| Contract assets | 3,744,655.50 | 3,744,655.50 | |
| Held-for-sale assets | |||
| Non-current assets due within one year | |||
| Other current assets | 13,002,195.46 | 13,002,195.46 | |
| Total Current Assets | 2,004,647,389.95 | 2,006,374,420.04 | 1,727,030.09 |
| Non-current Assets: | |||
| Loans and advances | |||
| Debt investments | |||
| Other debt investments | |||
| Long-term receivables | 13,196,087.78 | 13,196,087.78 | |
| Long-term equity investments | 262,744,772.48 | 262,744,772.48 | |
| Other equity instrument investments | 11,975,419.38 | 11,975,419.38 | |
| Other non-current financial assets | |||
| Investment properties | |||
| Fixed assets | 447,571,328.91 | 447,571,328.91 | |
| Construction in progress | 51,576,850.72 | 51,576,850.72 | |
| Bearer biological assets | |||
| Oil and gas assets | |||
| Use right assets | 39,368,070.17 | 39,368,070.17 | |
Intangible assets
| Intangible assets | 320,488,235.60 | 320,488,235.60 | |
| Development expenditure | |||
| Goodwill | |||
| Long-term prepaid expenses | 11,572,346.79 | 11,572,346.79 | |
| Deferred tax assets | 96,132,114.02 | 96,455,790.38 | 323,676.36 |
| Other non-current assets | 6,299,781.06 | 6,299,781.06 | |
| Total Non-current Assets | 1,221,556,936.74 | 1,261,248,683.27 | 39,691,746.53 |
| Total assets | 3,226,204,326.69 | 3,267,623,103.31 | 41,418,776.62 |
| Current Liabilities: | |||
| Short-term borrowings | 88,778,852.86 | 88,778,852.86 | |
| Loans from the central bank | |||
| Taking from banks and other financial institutions | |||
| Held-for-trading financial liabilities | |||
| Derivative financial liabilities | |||
| Notes payable | 116,822,674.67 | 116,822,674.67 | |
| Accounts payable | 226,494,815.90 | 226,494,815.90 | |
| Receipts in advance | 153,258,189.88 | 153,258,189.88 | |
| Contract liabilities | 31,518,312.59 | 31,518,312.59 | |
| Income from sale of the repurchased financial assets | |||
| Deposits taking and interbank placement | |||
| Acting trading securities | |||
| Acting underwriting securities | |||
| Employee benefits payable | 46,105,566.15 | 46,105,566.15 | |
| Taxes payable | 19,871,846.94 | 19,871,846.94 | |
| Other payables | 59,848,053.83 | 58,821,952.01 | -1,026,101.82 |
| Including: Interest payable | |||
| Dividends payable | |||
| Service charge and commissions payable | |||
| Payable reinsurance | |||
| Held-for-sale liabilities | |||
| Non-current liabilities due within one year | 181,417,412.46 | 200,024,423.85 | 18,607,011.39 |
| Other current liabilities | 3,045,831.07 | 3,045,831.07 | |
| Total Current Liabilities | 927,161,556.35 | 944,742,465.92 | 17,580,909.57 |
| Non-current Liabilities: | |||
| Insurance contract reserves | |||
Long-term borrowings
| Long-term borrowings | 64,845,281.53 | 64,845,281.53 | |
| Bonds payable | |||
| Including: Preferred shares | |||
| Perpetual bonds | |||
| Leasing liabilities | 23,804,845.36 | 23,804,845.36 | |
| Long-term payables | 3,262,450.00 | 3,262,450.00 | |
| Long-term employee benefits payable | |||
| Estimated liabilities | 28,799,354.65 | 28,799,354.65 | |
| Deferred income | 16,723,257.15 | 16,723,257.15 | |
| Deferred tax liabilities | |||
| Other non-current liabilities | |||
| Total Non-current Liabilities | 113,630,343.33 | 137,435,188.69 | 23,804,845.36 |
| Total Liabilities | 1,040,791,899.68 | 1,082,177,654.61 | 41,385,754.93 |
| Owners’ (or Shareholders’) equity: | |||
| Paid-in capital (or share capital) | 452,756,901.00 | 452,756,901.00 | |
| Other equity instruments | |||
| Including: Preferred shares | |||
| Perpetual bonds | |||
| Capital reserve | 1,249,020,991.15 | 1,249,020,991.15 | |
| Less: Treasury shares | |||
| Other comprehensive income | -3,214,291.93 | -3,214,291.93 | |
| Special reserve | |||
| Surplus reserve | 35,242,179.57 | 35,242,179.57 | |
| General risk reserve | |||
| Retained profits | 357,793,891.96 | 357,838,162.29 | 44,270.33 |
| Total Owners’ (or Shareholders’) Equity Attributable to Owners of the Parent Company | 2,091,599,671.75 | 2,091,643,942.08 | 44,270.33 |
| Minority interests | 93,812,755.26 | 93,801,506.62 | -11,248.64 |
| Total Owners’ (or Shareholders’) Equity | 2,185,412,427.01 | 2,185,445,448.70 | 33,021.69 |
| Total Liabilities and Owners’ (or Shareholders’) Equity | 3,226,204,326.69 | 3,267,623,103.31 | 41,418,776.62 |
This Report is hereby announced.
Board of Directors of Appotronics Corporation Limited
October 23, 2021