{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/AAQ1",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# AAP IMPLANTATE AG O.N. (Xetra: AAQ1) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is AAP IMPLANTATE AG O.N., listed on Xetra under ticker AAQ1, with ISIN DE000A3H2101 and LEI 39120001TRQTQ01LPP57. Its security type is Corporate and its segment is DEUTSCHLAND. Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its jurisdiction is Germany (Handelsregister HRB). Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 11 filings in the window 2025-11-06 to 2026-11-06, across 6 filing days. Of these, 4 are ad hoc and 7 are corporate news. The median gap between filing days is 1 day. The latest filing is dated 2026-11-06, is of type corporate news, and falls 0 days before the record date of 2026-11-06. For Xetra, the record holds 419 issuers with a median cadence gap of 22.8 days, a median of 6 filings, and a median latency of 5.5 days. The sector peer comparison for market DE is not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record because no lifecycle type map exists for this register yet.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, because no lifecycle type map exists for this register yet. The halt flag shows the issuer as listed, not halted.\n\n## Orderability\n\nThe outcome is determinable for all three client categories: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, each with signal ACM-200. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 3 research houses: Warburg Research GmbH, Edison Investment Research Limited and Hauck & Aufhäuser Privatbankiers AG.\n\n## Open research\n\nThe record holds 5 openly published research notes. Warburg Research GmbH published on 2023-01-04 and 2021-01-22. Edison Investment Research Limited published on 2015-06-30, 2015-02-13 and 2014-03-03.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began is not on the record.\n\n## Sources\n\n13 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/39120001TRQTQ01LPP57 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/AAQ1 (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.aap.de/investor-relations/share/analyst-reports (coverage)\n- https://www.aap.de/cms/api/wp-content/uploads/2023/05/Kommentar-04.01.2023.pdf (open research)\n- https://www.aap.de/cms/api/wp-content/uploads/2021/01/aap_Implantate_First_Glance_20210122_en.pdf (open research)\n- https://www.aap.de/cms/api/wp-content/uploads/2017/03/aapUpdate300615.pdf (open research)\n- https://www.aap.de/cms/api/wp-content/uploads/2017/03/4_aap130215update.pdf (open research)\n- https://www.aap.de/cms/api/wp-content/uploads/2017/03/aapImplantate030314Update.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/AAQ1 (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/AAQ1",
  "coverage": {
   "count": 3,
   "houses": [
    {
     "house": "Warburg Research GmbH",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/investor-relations/share/analyst-reports",
     "state": "sourced"
    },
    {
     "house": "Edison Investment Research Limited",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/investor-relations/share/analyst-reports",
     "state": "sourced"
    },
    {
     "house": "Hauck & Aufhäuser Privatbankiers AG",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/investor-relations/share/analyst-reports",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.aap.de/investor-relations/share/analyst-reports",
     "result": "read: 3 of 5 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 4,
    "corporate_news": 7
   },
   "cadence_median_gap_days": 1,
   "filing_days": 6,
   "filings": 11,
   "latency_days": 0,
   "latest": [
    {
     "category": "research",
     "date": "2026-11-06",
     "source": "https://www.eqs-news.com/news/research/original-research-aap-implantate-ag-von-bankm-ag-kaufen/f193656e-0aa5-4679-8b6a-bd5749bd5ca1_de",
     "title": "Original-Research: aap Implantate AG (von BankM AG)",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-11-05",
     "source": "https://www.eqs-news.com/news/corporate/42-mkk-munchner-kapitalmarkt-konferenz-aap-implantate-ag-prasentiert-sich-am-11-november-2026/c9a72c9e-b564-4a61-a79d-252c648dae3f_de",
     "title": "42. MKK – Münchner Kapitalmarkt Konferenz: aap Implantate AG präsentiert sich am 11. November 2026 | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-11-04",
     "source": "https://www.eqs-news.com/de/news/corporate/42-mkk-muenchner-kapitalmarkt-konferenz-aap-implantate-ag-praesentiert-sich-am-11-november-2026/c9a72c9e-b564-4a61-a79d-252c648dae3f_de",
     "title": "42. MKK – Münchner Kapitalmarkt Konferenz: aap Implantate AG präsentiert sich am 11. November 2026 | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "ad-hoc",
     "date": "2026-11-03",
     "source": "https://www.eqs-news.com/news/ad-hoc/aap-implantate-ag-rights-issue-from-authorized-capital-and-intended-capital-increase-against-contributions-in-kind/80b148a8-21c5-4285-a1ef-5535308159cc_en",
     "title": "aap Implantate AG: Rights issue from authorized capital and intended capital increase against contributions in kind | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "ad-hoc",
     "date": "2026-11-03",
     "source": "https://www.eqs-news.com/de/news/ad-hoc/aap-implantate-ag-kapitalerhoehung-mit-bezugsrecht-aus-genehmigtem-kapital-und-beabsichtigte-sachkapitalerhoehung/80b148a8-21c5-4285-a1ef-5535308159cc_de",
     "title": "aap Implantate AG: Kapitalerhöhung mit Bezugsrecht aus ...",
     "type": "ad_hoc"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/AAQ1",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A3H2101"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/39120001TRQTQ01LPP57",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A3H2101)",
    "state": "sourced",
    "value": "39120001TRQTQ01LPP57"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "AAP IMPLANTATE AG O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "AAQ1"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:de9103a1c391a617375785b8f1e47fe8a093f6f88abada3c3218193d4c52af42",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2023-01-04",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research GmbH",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/cms/api/wp-content/uploads/2023/05/Kommentar-04.01.2023.pdf",
     "state": "sourced",
     "title": "aap Implantate AG — Hold"
    },
    {
     "date": "2021-01-22",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research GmbH",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/cms/api/wp-content/uploads/2021/01/aap_Implantate_First_Glance_20210122_en.pdf",
     "state": "sourced",
     "title": "aap Implantate"
    },
    {
     "date": "2015-06-30",
     "kind": "issuer-sponsored",
     "publisher": "Edison Investment Research Limited",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/cms/api/wp-content/uploads/2017/03/aapUpdate300615.pdf",
     "state": "sourced",
     "title": "aap Implantate AG"
    },
    {
     "date": "2015-02-13",
     "kind": "issuer-sponsored",
     "publisher": "Edison Investment Research Limited",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/cms/api/wp-content/uploads/2017/03/4_aap130215update.pdf",
     "state": "sourced",
     "title": "aap Implantate AG"
    },
    {
     "date": "2014-03-03",
     "kind": "issuer-sponsored",
     "publisher": "Edison Investment Research Limited",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.aap.de/cms/api/wp-content/uploads/2017/03/aapImplantate030314Update.pdf",
     "state": "sourced",
     "title": "aap Implantate AG"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/AAQ1",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:de9103a1c391a617375785b8f1e47fe8a093f6f88abada3c3218193d4c52af42",
 "path": "/de/XETRA/AAQ1",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is AAP IMPLANTATE AG O.N., listed on Xetra under ticker AAQ1, with ISIN DE000A3H2101 and LEI 39120001TRQTQ01LPP57. Its security type is Corporate and its segment is DEUTSCHLAND. Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its jurisdiction is Germany (Handelsregister HRB). Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 11 filings in the window 2025-11-06 to 2026-11-06, across 6 filing days. Of these, 4 are ad hoc and 7 are corporate news. The median gap between filing days is 1 day. The latest filing is dated 2026-11-06, is of type corporate news, and falls 0 days before the record date of 2026-11-06. For Xetra, the record holds 419 issuers with a median cadence gap of 22.8 days, a median of 6 filings, and a median latency of 5.5 days. The sector peer comparison for market DE is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location is not on the record, and auditor changes are not on the record because no lifecycle type map exists for this register yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, because no lifecycle type map exists for this register yet. The halt flag shows the issuer as listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is determinable for all three client categories: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, each with signal ACM-200. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 3 research houses: Warburg Research GmbH, Edison Investment Research Limited and Hauck & Aufhäuser Privatbankiers AG.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 5 openly published research notes. Warburg Research GmbH published on 2023-01-04 and 2021-01-22. Edison Investment Research Limited published on 2015-06-30, 2015-02-13 and 2014-03-03.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed, and no issuer years are sealed. The market's earliest sealed date is not on the record, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "13 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/39120001TRQTQ01LPP57"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/AAQ1"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.aap.de/investor-relations/share/analyst-reports"
  },
  {
   "for": "open research",
   "source": "https://www.aap.de/cms/api/wp-content/uploads/2023/05/Kommentar-04.01.2023.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.aap.de/cms/api/wp-content/uploads/2021/01/aap_Implantate_First_Glance_20210122_en.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.aap.de/cms/api/wp-content/uploads/2017/03/aapUpdate300615.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.aap.de/cms/api/wp-content/uploads/2017/03/4_aap130215update.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.aap.de/cms/api/wp-content/uploads/2017/03/aapImplantate030314Update.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/AAQ1"
  }
 ],
 "title": "AAP IMPLANTATE AG O.N. (AAQ1) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}