2024 Third Quarter Report of Appotronics Corporation Limited
Stock Code: 688007 Stock Short Name: Appotronics
Appotronics Corporation Limited
2024 Third Quarter Report
The Board of Directors and all the directors of the Company warrant that the
information contained in this Report is free from any misrepresentation misleading
statement or material omission and agree to assume the liability for the truth accuracy and
completeness of this Report according to the law.Important note:
The Board of Directors the Board of Supervisors directors supervisors and senior officers of the
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 statement or major omission
and agree to assume joint and several liability for this Quarter Report.The Principal of the Company Person in Charge of the Accounting Work and Person in Charge of the
Accounting Body (Chief Accountants) warrant the information presented in the financial statements in
this Quarter 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《2024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。
This is 2024 Third Quarter Report(English version) voluntarily disclosed by Appotronics
Corporation Limited. In the event of any discrepancy between the English and Chinese versions of this
report the Chinese version shall prevail.
1 / 192024 Third Quarter Report of Appotronics Corporation Limited
I. Main financial data
(I) Main accounting data and financial indicators
In RMB
From the
Change on a beginning of the Change on a
During the
Item year-on-year year to the end year-on-year
reporting period
basis (%) of the reporting basis (%)
period
Operating revenue 638189703.62 10.53 1719599203.83 4.18
Net profit attributable to
shareholders of the listed 32036983.19 -40.28 42946596.63 -66.59
company
Net profit attributable to
shareholders of the listed
company after deduction 26127282.79 -38.19 39606570.30 -48.22
of non-recurring profit
or loss
Net cash flow from
N/A N/A 71523197.79 -65.77
operating activities
Basic earnings per share
0.07-41.670.09-67.86
(RMB/share)
Diluted earnings per
0.07-41.670.09-67.86
share (RMB/share)
-0.77-3.18
Weighted average return
1.16 percentage 1.54 percentage
on net assets (%)
points points
Total R&D investments 60404938.21 -11.74 172023725.41 -11.71
Proportion of R&D -2.38
-1.8 percentage
investments to operating 9.47 percentage 10.00
points
revenue (%) points
Changes at the
end of the
At the end of the reporting
At the end of the prior year
reporting period period from
the end of the
prior year (%)
Total assets 4201059005.89 4220570891.16 -0.46
Owners’ equity
attributable to
2754080586.202818869452.99-2.30
shareholders of the listed
company
2 / 192024 Third Quarter Report of Appotronics Corporation Limited
Note: The term “reporting period” refers to a period of three months from the beginning of this quarter
to the end of this quarter same as below.(II) Items and amounts of non-recurring profit or loss
√ Applicable □ N/A
In RMB
Amount from the
Item of non-recurring profit or Amount for the beginning of the year
Description
loss current period to the end of the
reporting period
Gain or loss on disposal of
non-current assets including
-655886.03-1198793.99
write-off of provision for asset
impairment
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 accordance with 261534.49 6874729.53
established standards with
continuous effects on the profit
or loss of the Company
according to the provisions of
national policies)
Profit or loss on changes in the
fair value of financial assets and
financial liabilities held by
non-financial enterprises and
profit or loss on the disposal of
19343730.90
financial assets and financial
liabilities other than those used
in the effective hedging activities
related to the normal operating
business of the Company
Profit or loss on entrusted
investments or assets 4010004.30 10992914.32
management
Reversal of impairment loss on
accounts receivable and contract
518247.41
assets tested for impairment
individually
Net profit or loss of subsidiaries 3415575.27 10420908.65
3 / 192024 Third Quarter Report of Appotronics Corporation Limited
from the beginning of the period
up to the business combination
date recognized as a result of the
business combination of
enterprises involving enterprises
under common control
Other non-operating revenue
-967549.20135909.86
and expenses
We made
adjustment to
account for GDC
equity interests as
Other profits or losses meeting
other non-current
the definition of non-recurring 316302.77 -37036758.84
financial assets for
profit or loss
which investment
losses are
recognized at fair
value.Less: Effect of income taxes 668300.23 5451028.26
Effects attributable to
-198019.031259833.25
minority interests (net of tax)
Total 5909700.40 3340026.33
It is required to specify the reason for defining items not illustrated in Information Disclosure and
Presentation Rules for Companies Making Public Offering of Securities No. 1 - Non-recurring Profit or
Loss as non-recurring profit or loss items of significant amounts and reasons for defining non-recurring
profit or loss items illustrated in Information Disclosure and Presentation Rules for Companies Making
Public Offering of Securities No. 1 - Non-recurring Profit or Loss as recurring profit or loss items.√ Applicable □ N/AFor details refer to “Section I. Main financial data - (II) Items and amounts of non-recurring profit orloss”.(III) Description of and reasons for changes in the main accounting data and financial indicators
√ Applicable □ N/A
Item Change (% ) Main reason
Primarily due to changes in the
income structure in the first three
quarters which lead to the decrease
Net profit attributable to shareholders of the in the gross profit margin the legal
listed company _ from the beginning of the -66.59 service fees for the GDC
year to the end of the reporting period arbitration and the adjustment of
the GDC equity interests to other
non-current financial assets which
lead to investment losses
4 / 192024 Third Quarter Report of Appotronics Corporation Limited
recognized and measured at fair
value in the second quarter.Primarily due to changes in the
Net profit attributable to shareholders of the income structure during the
-40.28
listed company _ the reporting period reporting period which lead to the
decrease in the gross profit margin.Primarily due to changes in the
Net profit attributable to shareholders of the
income structure in the first three
listed company after deduction of
quarters which lead to the decrease
non-recurring profit or loss _ from the -48.22
in the gross profit margin and the
beginning of the year to the end of the
legal service fees for the GDC
reporting period
arbitration.Net profit attributable to shareholders of the Primarily due to changes in the
listed company after deduction of income structure during the
-38.19
non-recurring profit or loss _ the reporting reporting period which lead to the
period decrease in the gross profit margin.Primarily due to the increase in net
Net cash flow from operating activities _ other cash payments relating to
from the beginning of the year to the end of -65.77 operating activities because the
the reporting period monetary funds of Appotronics HK
were subject to restriction.Primarily due to the decrease in the
Basic earnings per share _ from the
net profit attributable to
beginning of the year to the end of the -67.86
shareholders of the listed company
reporting period
in the first three quarters.Primarily due to the decrease in the
Diluted earnings per share _ from the
net profit attributable to
beginning of the year to the end of the -67.86
shareholders of the listed company
reporting period
in the first three quarters.Primarily due to the decrease in the
Basic earnings per share _ the reporting net profit attributable to
-41.67
period shareholders of the listed company
during the reporting period.Primarily due to the decrease in the
Diluted earnings per share _ the reporting net profit attributable to
-41.67
period shareholders of the listed company
during the reporting period.Analysis of business operations during the reporting period:
In the first three quarters of 2024 Appotronics leveraged its core technological strengths to propel
its strategic transformation forward. Notably the automotive optics business emerged as a pivotal
revenue generator. Our operating revenue reached RMB 1.72 billion marking a 4.18% year-on-year
increase. The net profit attributable to parent company shareholders totaled RMB 42.95 million with the
5 / 192024 Third Quarter Report of Appotronics Corporation Limited
adjusted net profit attributable to parent company shareholders excluding non-recurring items
amounting to RMB 39.61 million.During the third quarter of 2024 we achieved an operating revenue of RMB 638 million up 10.53%
compared to the same period last year. In the same quarter the automotive optics business contributed
RMB 217 million in operating revenue. During the first three quarters this segment generated RMB 458
million in operating revenue primarily from the timely and successful deliveries of automobile-grade
laser projection giant screens to the AITO M9 SUVs which were co-developed by Huawei and Seres.Notably on October 10 AITO's WeChat account announced that customers have placed deposits for
over 150000 AITO M9 vehicles positioning it as the top-selling model priced above RMB 500000.Since the beginning of 2024 Appotronics has maintained close and frequent technical and
commercial collaborations with Seres BAIC Motor and other Huawei automobile partners. Our
discussions have primarily centered on automotive optics projects for the upcoming new variants of
Seres AITO's mainstream models and the forthcoming latest offerings in BAIC Motor's Stelato
mainstream lineup. We have presented samples and engaged in detailed dialogues on next-generation
technologies including laser projection giant screens and smart vehicle headlights earning high
recognition and praise from our customers.In October 2024 we received a second Development Nomination Letter from Beijing Electric
Vehicle a subsidiary of BAIC appointing us as a supplier of smart cockpit display products for new
Stelato models. Mass production and delivery of these vehicles are projected to commence in 2025
which will benefit our operations throughout their lifespan.Beyond maintaining our cooperation with Huawei and its automotive partners we have conducted
in-depth talks with Great Wall Motor Hyundai Motor and other prominent domestic and international
automobile manufacturers. Separate cooperation projects have been established to tailor
vehicle-mounted products according to their unique priorities and timelines for new vehicle model
development and launch. This paves the way for sustainable growth in our automotive optics business.Currently we have secured eight development nominations encompassing automobile-grade giant
screens pixel headlights and other products further bolstering the future prospects of our automotive
business.
6 / 192024 Third Quarter Report of Appotronics Corporation Limited
II. Shareholder information
(I) Table of total number of ordinary shareholders and preferred shareholders with resumed
voting rights as well as shareholding status of top 10 shareholders
Unit: Share
Total number of Total number of preferred
ordinary shareholders shareholders with resumed
16113 N/A
as of the end of the voting rights during the
reporting period reporting period (if any)
Shares held by the top 10 shareholders (excluding shares lent out under the refinancing arrangement)
Number of Shares pledged
restricted marked or
shares held frozen
Proportion
Number Number of including
Shareholder of
Shareholder name of shares restricted the shares
nature shareholding
held shares held lent out Share
(%) Quantity
under the status
refinancing
arrangement
Domestic
Shenzhen Appotronics non-state
79762679 17.15 0 0 None 0
Holdings Limited owned legal
person
Shenzhen Yuanshi Laser Domestic
Industrial Investment non-state
24139500 5.19 0 0 None 0
Consulting Partnership owned legal
(LP) person
Domestic
Nantong Strait
non-state
Appotronics Investment 18381208 3.95 0 0 None 0
owned legal
Partnership (LP)
person
Domestic
Shenzhen Appotronics
non-state
Daye Investment 17056167 3.67 0 0 None 0
owned legal
Partnership (LP)
person
Domestic
Shenzhen Appotronics
non-state
Hongye Investment 13601344 2.92 0 0 None 0
owned legal
Partnership (LP)
person
Domestic
Shenzhen Appotronics
non-state
Chengye Consulting 10394846 2.23 0 0 None 0
owned legal
Partnership (LP)
person
7 / 192024 Third Quarter Report of Appotronics Corporation Limited
Domestic
Shenzhen Jinleijing
non-state
Investment Limited 9892706 2.13 0 0 None 0
owned legal
Partnership (LP)
person
Bank of China Co. Ltd. -
YFD Stable Income
Others 8151070 1.75 0 0 None 0
Bond Securities
Investment Fund
Domestic
LUO Xiaobin natural 6442004 1.38 0 0 None 0
person
China Merchants Bank
Co. Ltd. - Southern
China Securities 1000
Others 3935765 0.85 0 0 None 0
Trading Open-ended
Index Securities
Investment Fund
Shares held by the top 10 holders of tradable shares (excluding shares lent out under the refinancing arrangement)
Quantity of unrestricted outstanding Type and quantity of shares
Shareholder name
shares held Type Quantity
Shenzhen Appotronics RMB-denominated
7976267979762679
Holdings Limited ordinary share
Shenzhen Yuanshi Laser
Industrial Investment RMB-denominated
2413950024139500
Consulting Partnership ordinary share
(LP)
Nantong Strait
RMB-denominated
Appotronics Investment 18381208 18381208
ordinary share
Partnership (LP)
Shenzhen Appotronics
RMB-denominated
Daye Investment 17056167 17056167
ordinary share
Partnership (LP)
Shenzhen Appotronics
RMB-denominated
Hongye Investment 13601344 13601344
ordinary share
Partnership (LP)
Shenzhen Appotronics
RMB-denominated
Chengye Consulting 10394846 10394846
ordinary share
Partnership (LP)
Shenzhen Jinleijing
RMB-denominated
Investment Limited 9892706 9892706
ordinary share
Partnership (LP)
8 / 192024 Third Quarter Report of Appotronics Corporation Limited
Bank of China Co. Ltd. -
YFD Stable Income RMB-denominated
81510708151070
Bond Securities ordinary share
Investment Fund
RMB-denominated
LUO Xiaobin 6442004 6442004
ordinary share
China Merchants Bank
Co. Ltd. - Southern
China Securities 1000 RMB-denominated
39357653935765
Trading Open-ended ordinary share
Index Securities
Investment Fund
1. As of September 30 2024 the following entities in top 10 shareholders of the Company
constituted person acting in concert: Shenzhen Appotronics Holdings Co. Ltd. Shenzhen
Yuanshi Laser Industrial Investment Consulting Partnership (LP) Shenzhen Appotronics Daye
Affiliates or concert Investment Partnership (LP) Shenzhen Appotronics Hongye Investment Partnership (LP)
parties among the Shenzhen Jinleijing Investment Limited Partnership (LP) and Shenzhen Appotronics Chengye
shareholders stated above Consulting Partnership (LP).
2. Except for the above we are not aware of whether there are affiliates or concert parties as
defined in the Administrative Measures for the Acquisition of the Listed Companies among other
shareholders.Description of margin
trading short selling and
refinancing involving top
10 shareholders and top N/A
10 holders of
non-restricted shares (if
any)
Description of special repurchase shareholders among the top 10 shareholders: As of the end of the
reporting period the Company has repurchased 8026938 shares accounting for 1.73% of the
Company’s total share capital of 465133628 shares.Lending of shares in refinancing businesses by shareholders holding over 5% of shares the top 10
shareholders and the top 10 holders of tradable shares
□ Applicable √ N/A
Change from the prior period due to lending/payback in refinancing businesses by the top 10
shareholders and the top 10 holders of tradable shares
□ Applicable √ N/A
III. Other reminders
Other important information related to the Company’s business operation that investors are requested to
pay attention to during the reporting period
9 / 192024 Third Quarter Report of Appotronics Corporation Limited
□ Applicable √ N/A
IV. Quarter financial statements
(I) Audit opinion
□ Applicable √ N/A
(II) Financial statements
Consolidated Balance Sheet
September 30 2024
Prepared by: Appotronics Corporation Limited
In RMB Unaudited
Item September 30 2024 December 31 2023
Current Assets:
Monetary funds 1203510305.89 1386828549.06
Balances with clearing agencies
Placements with banks and other
financial institutions
Held-for-trading financial assets 611867400.05 514010000.00
Derivative financial assets
Notes receivable 8115823.20 8951308.71
Accounts receivable 280507922.55 180290007.90
Receivables financing 9271970.97 11387400.00
Prepayments 29387831.25 35112661.82
Premiums receivable
Amounts receivable under reinsurance
contracts
Reinsurer’s share of insurance contract
reserves
Other receivables 30655602.05 30698687.55
Including: Interest receivable
Dividend receivable 13874652.00 14023746.00
Financial assets purchased under resale
agreements
Inventories 702017417.62 656346799.67
Including: Data resources
Contract assets 1627601.39 1664740.29
Held-for-sale assets
Non-current assets due within 1 year 50780427.56 41997218.73
Other current assets 61922401.72 48417270.11
Total current assets 2989664704.25 2915704643.84
Non-current Assets:
10 / 192024 Third Quarter Report of Appotronics Corporation Limited
Loans and advances
Debt investments
Other debt investments
Long-term receivables 19655889.67 26000543.13
Long-term equity investments 6583731.30 144726776.43
Investment in other equity instruments 7075419.38 7075419.38
Other non-current financial assets 97777674.40
Investment properties
Fixed assets 289127989.46 336276793.84
Construction in progress 385095403.24 347777138.86
Productive biological assets
Oil and gas assets
Right-of-use assets 23195579.61 40016903.67
Intangible assets 273529992.16 281961046.22
Including: Data resources
Development expenditure
Including: Data resources
Goodwill
Long-term prepaid expenses 2825390.97 6318145.33
Deferred tax assets 83861444.42 85364732.19
Other non-current assets 22665787.03 29348748.27
Total non-current assets 1211394301.64 1304866247.32
Total assets 4201059005.89 4220570891.16
Current Liabilities:
Short-term borrowings 50032500.00 80036500.00
Loans from the central bank
Taking from banks and other financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 132445788.97 76001079.07
Accounts payable 397258984.68 247318466.10
Receipts in advance 101828556.07 110573711.24
Contract liabilities 55489085.45 45416445.99
Financial assets sold under repurchase
agreements
Customer deposits and deposits from
banks and other financial institutions
Funds from securities trading agency
Funds from underwriting securities
agency
Employee benefits payable 34396351.41 66874234.47
11 / 192024 Third Quarter Report of Appotronics Corporation Limited
Taxes payable 14325712.42 6142704.23
Other payables 74983345.07 54142509.17
Including: Interest payable
Dividend payable
Fees and commissions payable
Amounts payable under reinsurance
contracts
Held-for-sale liabilities
Non-current liabilities due within 1 year 253474294.39 268748151.67
Other current liabilities 12490498.10 18441685.83
Total current liabilities 1126725116.56 973695487.77
Non-current Liabilities:
Insurance contract reserves
Long-term borrowings 310897356.06 370649631.22
Bonds payable
Including: Preferred shares
Perpetual bonds
Lease liabilities 10816712.05 15548985.71
Long-term payables
Long-term employee benefits payable
Provisions 49855422.23 58180985.08
Deferred income 2607184.63 4627972.56
Deferred tax liabilities 1711742.93 1229654.81
Other non-current liabilities
Total non-current liabilities 375888417.90 450237229.38
Total liabilities 1502613534.46 1423932717.15
Owners’ Equity (Shareholders’ Equity):
Paid-in capital (or share capital) 465133628.00 462211338.00
Other equity instruments
Including: Preferred shares
Perpetual bonds
Capital reserve 1655103876.49 1616489567.43
Less: Treasury shares 138809738.95 19377297.59
Other comprehensive income 9796533.81 7550073.78
Special reserve
Surplus reserve 84873365.32 84873365.32
General risk reserve
Retained profits 677982921.53 667122406.05
Total owners’ (or shareholders’) equity
attributable to owners of the parent 2754080586.20 2818869452.99
company
Minority interests -55635114.77 -22231278.98
12 / 192024 Third Quarter Report of Appotronics Corporation Limited
Total owners’ (or shareholders’) equity 2698445471.43 2796638174.01
Total liabilities and owners’ (or
4201059005.894220570891.16
shareholders’) equity
Principal of the Company: LI Yi Person in Charge of the Accounting Work: WANG Yingxia
Person in Charge of the Accounting Body: WANG Yingxia
Consolidated Income Statement
January - September 2024
Prepared by: Appotronics Corporation Limited
In RMB Unaudited
The first three quarters The first three quarters
Item in 2024 in 2023
(Jan. - Sep.) (Jan. - Sep.)
I. Total operating revenue 1719599203.83 1650629298.46
Including: Operating revenue 1719599203.83 1650629298.46
Interest income
Premiums earned
Fee and commission income
II. Total operating costs 1645518069.72 1542669966.99
Including: Operating costs 1189656188.09 1021366808.39
Interest expenses
Fee and commission expenses
Surrenders
Claims and policyholder benefits
(net of amounts recoverable from
reinsurers)
Net withdrawal of insurance contract
reserves
Insurance policyholder dividends
Expenses for reinsurance accepted
Taxes and surcharges 6472072.38 5858273.15
Selling expenses 161819016.21 218998049.76
Administrative expenses 114716404.94 119450993.66
R&D expenses 172023725.41 194847334.44
Financial expenses 830662.69 -17851492.41
Including: Interest expense 14462294.82 13151617.07
Interest income 22429757.40 24619974.59
Add: Other income 18979009.03 30947993.55
Investment income (loss is indicated
-23341907.11-4775953.81
by “-”)
Including: Income from investments
-41708464.35-12687269.14
in associates and joint ventures
13 / 192024 Third Quarter Report of Appotronics Corporation Limited
Gains from derecognition of
financial assets at amortized assets
Foreign exchange gains (loss is
indicated by “-”)
Gains from net exposure hedges
(loss is indicated by “-”)
Gains from changes in fair values
10062500.00
(loss is indicated by “-”)
Losses of credit impairment (loss is
-11140030.95-8626426.92
indicated by “-”)
Impairment losses of assets (loss is
-28568290.62-37160710.01
indicated by “-”)
Gains from disposal of assets (loss is
-278899.4967005.93
indicated by “-”)
III. Operating profit (loss is indicated by
39793514.9788411240.21
“-”)
Add: Non-operating revenue 1302456.43 9564777.53
Less: Non-operating expenses 2015707.05 849717.64
IV. Total profits (total losses are indicated
39080264.3597126300.10
by “-”)
Less: Income tax expenses 15182301.84 22251378.07
V. Net profits (net losses are indicated by
23897962.5174874922.03
“-”)
(I) Categorized by the continuity of operation
1. Net profits from continuing
23897962.5174874922.03
operations (net losses are indicated by “-”)
2. Net profits from discontinued
operations (net losses are indicated by “-”)
(II) Categorized by the ownership
1. Net profits attributable to
shareholders of the parent company (net 42946596.63 128559185.24
losses are indicated by “-”)
2. Profits or losses attributable to
minority shareholders (net losses are -19048634.12 -53684263.21
indicated by “-”)
VI. Other comprehensive income net of tax 2921828.27 2177529.31
(I) Other comprehensive income that can
be attributable to owners of the parent 2246460.03 3455579.57
company net of tax
1. Other comprehensive income that
cannot be reclassified subsequently to profit
or loss
(1) Changes from remeasurement of
14 / 192024 Third Quarter Report of Appotronics Corporation Limited
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
2246460.033455579.57
will be reclassified to profit or loss
(1) Other comprehensive income that
will be reclassified to profit or loss under -5564055.75
the equity method
(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) Exchange differences on translation
of financial statements denominated in 2246460.03 9019635.32
foreign currencies
(7) Others
(II) Other comprehensive income that can
be attributable to minority shareholders net 675368.24 -1278050.26
of tax
VII. Total comprehensive income 26819790.78 77052451.34
(I) Total comprehensive income that can
be attributable to owners of the parent 45193056.66 132014764.81
company
(II) Total comprehensive income that can
-18373265.88-54962313.47
be attributable to minority shareholders
VIII. Earnings per share:
(I) Basic earnings per share (RMB/share) 0.09 0.28
(II) Diluted earnings per share
0.090.28
(RMB/share)
In the event of business combinations involving enterprises under common control the net profits
realized prior to the combination by the party being absorbed is: RMB 0.00 and the net profits realized
in the last period by the party being absorbed is: RMB 0.00.Principal of the Company: LI Yi Person in Charge of the Accounting Work: WANG Yingxia
Person in Charge of the Accounting Body: WANG Yingxia
15 / 192024 Third Quarter Report of Appotronics Corporation Limited
Consolidated Cash Flow Statement
January - September 2024
Prepared by: Appotronics Corporation Limited
In RMB Unaudited
Item The first three quarters The first three quarters
in 2024 in 2023
(Jan. - Sep.) (Jan. - Sep.)
I. Cash Flows from Operating Activities:
Cash receipts from the sale of goods and
1814743174.161757565303.26
the rendering of services
Net increase in customer deposits and
deposits from banks and other financial
institutions
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 6426403.89 9099429.16
Other cash receipts relating to operating
33396345.52147180568.77
activities
Subtotal of cash inflows from operating
1854565923.571913845301.19
activities
Cash payments for goods purchased and
1062658232.041011990601.62
services received
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
16 / 192024 Third Quarter Report of Appotronics Corporation Limited
policyholders’ benefits under direct
insurance contracts
Net increase in placements with banks
and other financial institutions
Cash payments for interest fees and
commissions
Cash payments for insurance policyholder
dividends
Cash payments to and on behalf of
324814699.07335781983.08
employees
Payments of various types of taxes 64305546.07 44740201.92
Other cash payments relating to operating
331264248.60312399946.93
activities
Subtotal of cash outflows from
1783042725.781704912733.55
operating activities
Net cash flow from operating
71523197.79208932567.64
activities
II. Cash Flows from Investing Activities:
Cash receipts from disposals and recovery
1188262599.941095997200.00
of investments
Cash receipts from investment income 30293776.57 7911315.33
Net cash receipts from disposals of fixed
assets intangible assets and other long-term 151829.58 182825.00
assets
Net cash receipts from disposals of
subsidiaries and other business units
Other cash receipts relating to investing
1350722.78
activities
Subtotal of cash inflows from investing
1220058928.871104091340.33
activities
Cash payments to acquire or construct
fixed assets intangible assets and other 65091329.77 73389029.37
long-term assets
Cash payments to acquire investments 1315000001.00 1255816480.00
Net increase in pledged loans receivables
Net cash payments for acquisitions of
11831365.16
subsidiaries and other business units
Other cash payments relating to investing
1353248.10
activities
Subtotal of cash outflows from
1381444578.871341036874.53
investing activities
Net cash flows from investment
-161385650.00-236945534.20
activities
17 / 192024 Third Quarter Report of Appotronics Corporation Limited
III. Cash Flows from Financing Activities:
Cash receipts from capital contributions 46113350.89 50609959.00
Including: Cash receipts from capital
contributions from minority shareholders of
subsidiaries
Cash receipts from borrowings 95230654.50 273665768.86
Other cash receipts relating to financing
activities
Subtotal of cash inflows from financing
141344005.39324275727.86
activities
Cash repayments of borrowings 187132709.91 219509994.00
Cash payments for distribution of
dividends or profits or settlement of interest 72716390.73 57297337.70
expenses
Including: Payments for distribution of
dividends or profits to minority shareholders 23478300.00 11040000.00
of subsidiaries
Other cash payments relating to financing
143466652.8425485551.97
activities
Subtotal of cash outflows from
403315753.48302292883.67
financing activities
Net cash flows from financing
-261971748.0921982844.19
activities
IV. Effect of Foreign Exchange Rate
-3217203.348243426.24
Changes on Cash and Cash Equivalents
V. Net Increase in Cash and Cash
-355051403.642213303.87
Equivalents
Add: Opening balance of cash and cash
1297848895.751254582403.12
equivalents
VI. Closing Balance of Cash and Cash
942797492.111256795706.99
Equivalents
Principal of the Company: LI Yi Person in Charge of the Accounting Work: WANG Yingxia
Person in Charge of the Accounting Body: WANG Yingxia
The first implementation of new accounting standards or standard interpretations from 2024
onwards that involves adjusting the financial statements at the beginning of the year in which they
were first implemented
□ Applicable √ N/A
Be it hereby announced.
18 / 192024 Third Quarter Report of Appotronics Corporation Limited
Board of Directors of Appotronics Corporation Limited
October 18 2024
