Share Repurchase and Dividends - The company repurchased 1,000,000 shares, accounting for 1% of the total share capital, completing the planned repurchase amount of 100%[3] - A cash dividend of RMB 2.00 per 10 shares was distributed, totaling RMB 19,800,000 based on a base of 99,000,000 shares[3] - As of June 30, 2023, the company has repurchased 1,000,000 shares at an average price of RMB 11.30 per share, totaling RMB 11,300,505.30, which is 69.76% of the planned maximum repurchase amount[78] Financial Performance - The company reported a revenue of 424.38 million, a decrease of 15.91% compared to the same period last year[25] - The net profit attributable to shareholders was 25.39 million, down 34.57% year-over-year[25] - The gross profit margin decreased to 11.91% from 15.46% in the previous year[25] - The basic earnings per share decreased by 51.92% to 0.25[25] - The company's operating revenue for the current period is CNY 424,381,947.72, a decrease of 15.91% compared to CNY 504,699,272.64 in the previous year[47] - The company's main business income decreased by 13.88% to CNY 415,455,516.06 from CNY 482,434,165.83 in the previous year[51] - The total revenue for the company was approximately ¥424.38 million, a decrease of 17.15% compared to the same period last year[53] - The net profit for the current period is CNY 25,389,271.86, down 34.57% from CNY 38,806,407.50 in the previous year[48] - The company’s revenue from other businesses fell by 59.91%, primarily due to a decline in sales of scrap materials[56] - Domestic revenue accounted for ¥405.84 million, down 15.52% year-on-year, while overseas revenue was ¥18.54 million, down 23.72%[55] Cash Flow and Assets - The net cash flow from operating activities was -64.55 million, a decline of 102.44% compared to the previous year[27] - The company's cash and cash equivalents decreased by 38.19% to CNY 217,943,428.1 from CNY 352,626,212.26 at the end of the previous year[44] - Inventory increased by 32.74% to CNY 125,248,736.08, reflecting the company's strategy to enhance supply response speed[45] - Current assets totaled ¥836,095,337.01 as of June 30, 2023, slightly up from ¥831,713,983.64 at the end of 2022, reflecting a growth of 0.46%[107] - Total liabilities at the end of the period were 119.47 million, showing an increase of 8.60% compared to the end of the previous year[26] - The total assets at the end of the period were 977.56 million, showing a slight increase of 0.02% from the previous year[26] Research and Development - The company obtained 4 new utility model patents, bringing the total to 87 patents, including 9 invention patents, enhancing its competitive advantage[4] - The company is focusing on the development of precision nickel-based conductor materials, which are crucial for battery applications[40] - The company has invested significantly in R&D to maintain its competitive edge in the precision nickel-based conductor materials market[68] - The company's R&D expenses decreased by 13.36% to CNY 15,051,628.33, representing 3.55% of total revenue[47] Management and Governance - The company appointed Qian Xinyue as a new director on August 3, 2023, with a term ending on August 2, 2026[93] - Liu Yongchang resigned as an independent director during the reporting period, and Xue Wendong was appointed as a new independent director[98] - The company has a total of 7 board members and 3 supervisors, with 5 senior management personnel[93] - The company has maintained a stable management structure, with no changes in the chairman or general manager positions during the reporting period[98] Market and Strategic Focus - The overall market for electronic products is expected to stabilize and grow due to recent government measures promoting consumption[42] - The company is focusing on the development of new energy power batteries and energy storage batteries, which are key growth areas[68] - The company is implementing measures to strengthen customer relationships and expand sales channels to mitigate market competition risks[67] - The company plans to enhance its procurement capabilities by introducing new qualified suppliers to reduce supplier concentration and improve bargaining power[67] Financial Reporting and Compliance - The financial report was approved by the board of directors on August 23, 2023[143] - There were no changes in accounting policies or estimates compared to the previous year's financial statements[142] - The company adheres to the Chinese accounting standards, ensuring that the financial statements reflect a true and complete picture of its financial status[148] - The company confirmed that there were no significant long-term asset transfers or impairments during the reporting period[142]

Financial Performance - In 2022, the company achieved operating revenue of 905.61 million yuan, a slight increase of 0.62% compared to 2021's revenue of 900.05 million yuan[12]. - The net profit attributable to shareholders for 2022 was 56.53 million yuan, down 30.16% from 81.05 million yuan in 2021[12]. - The gross profit margin decreased to 14.14% in 2022 from 19.09% in 2021[28]. - The basic earnings per share decreased by 38.39% to ¥0.69 in 2022 from ¥1.12 in 2021[28]. - The weighted average return on net assets based on net profit attributable to shareholders was 10.60% in 2022, down from 20.98% in 2021[28]. - The company's operating revenue for 2022 was approximately ¥905.61 million, a slight increase of 0.62% compared to ¥900.05 million in 2021[61]. - The net profit for the period was 5,345.70 million yuan, representing a year-on-year decrease of 36.61%[51]. - Operating profit fell by 41.67% to ¥56.29 million in 2022, down from ¥96.51 million in 2021, primarily due to decreased downstream demand and increased raw material costs[66]. - Cash flow from operating activities decreased by 35.46% to ¥10.09 million in 2022, compared to ¥15.63 million in 2021[78]. Assets and Liabilities - Total assets increased by 66.99% to approximately 977.40 million from 585.31 million in the previous year[30]. - Total liabilities decreased by 20.27% to approximately 110.01 million from 137.98 million in the previous year[30]. - Net assets attributable to shareholders increased by 93.90% to approximately 867.38 million from 447.33 million in the previous year[30]. - The company reported a total asset value of 2,689,084.54 yuan, with restricted assets accounting for 0.27% of total assets[158]. - The company has pledged real estate assets, including fixed assets valued at 1,391,779.67 yuan and intangible assets valued at 1,297,304.87 yuan, primarily to secure loans for business operations[159]. Research and Development - The company holds a total of 85 patents, including 9 invention patents and 12 utility model patents granted in 2022[5]. - R&D expenditure for the period was 31,402,174.80, accounting for 3.47% of operating revenue, showing a slight increase from the previous year's 3.42%[94]. - The company is developing new technologies for energy storage systems and precision structural components, which are expected to enhance market competitiveness[98]. - The company is engaged in various R&D projects aimed at improving product performance and market competitiveness in the nickel-based materials sector[98]. - The company has a professional R&D center and invests significantly in product development to ensure its products meet evolving market needs[122]. Market Position and Strategy - The company is focused on the research, production, and sales of precision nickel-based conductor materials for batteries, with a growing market due to the expansion of end-use applications[12]. - The company emphasizes the importance of responding to technological advancements and market demands to maintain its competitive edge in the industry[12]. - The company is positioned in the battery precision nickel-based conductor materials industry, which is encouraged by national policies[52]. - The company aims to expand its market share and sales scale by enhancing customer relationships and service awareness[120]. - The company is committed to enhancing management levels and expanding operational scale to increase overall business efficiency and profitability[115]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly for nickel, which could impact profitability if prices rise significantly[11]. - The company has identified the need for continuous product innovation and market expansion to mitigate risks associated with market competition and customer retention[12]. - The company acknowledges the risk of raw material price fluctuations, particularly for nickel plates, which can impact profitability if not managed effectively[117]. - The company has identified the risk of high supplier concentration and the risk of technological iteration and product updates as new risk factors during the reporting period[124]. Corporate Governance and Compliance - The company has not reported any incidents of shareholders or related parties occupying or transferring company funds or assets during the reporting period[135]. - The company is committed to avoiding competition and potential competition with its actual controllers and major shareholders[150]. - The company is actively fulfilling its commitment to reduce and standardize related party transactions[150]. - The company has made important commitments regarding the stabilization of its stock price, which is being actively implemented[153]. - The company has not experienced any violations of commitments during the reporting period[156]. Shareholder Information - The largest shareholder, Yixing Xinyuan Hang Co., Ltd., holds 37,550,250 shares, representing 37.55% of total shares[164]. - The company has a total of 19,846 ordinary shareholders as of the reporting date[163]. - The company reported a total of 56,910,163 shares held by shareholders with over 5% ownership, representing 56.91% of total shares[166]. - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares[187]. - The company has not proposed any cash dividend distribution plan despite having positive undistributed profits[188]. Employee and Operational Management - The number of employees decreased from 537 to 466, a reduction of 71 employees[197]. - The company conducted 306 internal training sessions, with a total of 3,543 participants[198]. - Employee benefits include pension, medical, work injury, unemployment, maternity, major illness supplementary insurance, and housing provident fund[199]. - The company implements a full labor contract system and signs confidentiality agreements with relevant technical staff[199]. - The employee compensation structure includes base salary, skill wages, various allowances, and bonuses[199].

证券代码：833914 证券简称：远航精密 公告编号：2023-048 江苏远航精密合金科技股份有限公司 2022 年年度报告业绩说明会预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 本次说明会采用网络方式召开。 一、 说明会类型 江苏远航精密合金科技股份有限公司（以下简称"公司"）于 2023 年 4 月 26 日在北京证券交易所官网（http://www.bse.cn/）披露了《2022 年年度报告》（公 告编号：2023-030），为方便广大投资者更深入了解公司 2022 年年度经营业绩的 具体情况，加强与投资者的互动交流，公司拟召开 2022 年年度报告业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2023 年 5 月 17 日（星期三）15:00-17:00。 （二）会议召开地点 本次年度报告业绩说明会将采用网络方式召开，投资者可登陆全景网"投资 者关系互动平台"（http://ir.p5w.net）参与。 三、 参加人员 公司董事长、总经理：周林峰先生； 公司财务 ...

Company Overview - Jiangsu Sinonics Precision Alloy Co., Ltd. became the first A-share listed company in the domestic nickel conductor materials industry on November 11, 2022[5]. - The company was established on June 5, 2006, and listed on the Beijing Stock Exchange on November 11, 2022[22]. - The company operates in the manufacturing sector, specifically in the electronic components manufacturing industry[22]. - The company focuses on the research, production, and sales of precision nickel-based conductor materials for batteries, with a competitive market landscape due to numerous small and medium-sized enterprises[12]. Financial Performance - The company's operating revenue for 2022 was 90,561.22 million yuan, a slight increase from 90,005.09 million yuan in 2021[12]. - The net profit attributable to shareholders for 2022 was 5,652.50 million yuan, down from 8,104.88 million yuan in 2021, indicating a decline of approximately 30.2%[12]. - The gross profit margin decreased to 14.14% in 2022 from 19.09% in 2021[28]. - The basic earnings per share dropped to 0.69 in 2022, down 38.39% from 1.12 in 2021[28]. - The weighted average return on net assets based on net profit attributable to shareholders was 10.60% in 2022, down from 20.98% in 2021[28]. - The company reported a current ratio of 8.50, up 140.11% from 3.54 in 2021[30]. - The interest coverage ratio was 17.97, down from 25.71 in 2021[32]. - The net asset per share increased by 45.47% to ¥8.67 from ¥5.96 in 2021[30]. - Operating cash flow decreased by 35.46% to ¥10,090,786.18 from ¥15,634,283.00 in 2021[32]. - The company reported a significant decrease in financial expenses by 43.13% in 2022, attributed to increased interest income and foreign exchange gains[62]. Research and Development - The company received 12 utility model patents from the National Intellectual Property Administration in 2022, bringing the total to 85 patents, including 9 invention patents[5]. - R&D expenditure for the current period was CNY 31.4022 million, accounting for 3.47% of operating revenue, slightly up from 3.42% in the previous year[91]. - The total number of R&D personnel decreased from 70 to 65, with the proportion of R&D staff to total employees slightly declining from 13.95% to 13.04%[92]. - The company is developing new technologies in energy storage systems and precision structural components, which are expected to enhance market competitiveness[94]. - The company emphasizes R&D investment, particularly in new energy power batteries and energy storage batteries, to maintain its competitive edge[123]. Market and Competitive Landscape - The company faces risks related to raw material price fluctuations, particularly for nickel plates, which are influenced by international market conditions[11]. - Future product development and market expansion are critical as the company aims to maintain its competitive edge amid rapid technological advancements in battery applications[12]. - The company has identified risks associated with high supplier concentration and the need for timely responses to market demands and technological changes[12]. - The company is focusing on the rapid development of the new energy and energy storage industries, with plans for continuous new product development to meet customer needs[114]. - The company is actively pursuing market expansion and product development strategies to enhance its competitive position in the industry[94]. Supplier and Customer Relations - The company sourced 59,025.24 million yuan from its top five suppliers, accounting for 83.70% of total procurement, highlighting a high supplier concentration risk[12]. - The company has not disclosed specific names of major customers and suppliers to protect business secrets, opting instead for a ranking format[10]. - The company emphasizes the importance of long-term partnerships with upstream suppliers, which typically require a certification period of 1-3 years[111]. Corporate Governance and Shareholder Information - The company has a total of 19,846 ordinary shareholders as of the reporting date[164]. - The largest shareholder, Yixing Xinyuan Hang Co., Ltd., holds 37,550,250 shares, representing 37.55% of the total shares[166]. - The company’s management has committed to maintaining profit distribution policies, ensuring shareholder returns[156]. - The company has not experienced any violations of commitments during the reporting period[157]. - The company has made important commitments regarding the stabilization of its stock price, which is currently being implemented[153]. Social Responsibility - The company has made donations of 50,000 yuan to local charities, demonstrating its commitment to social responsibility[107]. Employee Management - The total number of employees decreased from 537 to 466, a reduction of 71 employees, with significant losses in production personnel[198]. - The company has a total of 59 administrative staff, 301 production staff, 32 sales staff, and 65 technical staff at the end of the reporting period[196]. - Employee compensation consists of base salary, skill wages, various allowances, and bonuses[200]. - The company adheres to a full labor contract system and provides various insurance benefits for employees, including pension and medical insurance[200].

Financial Performance - Operating revenue for Q1 2023 was ¥202,365,485.56, representing a decrease of 6.73% year-over-year[10] - Net profit attributable to shareholders for Q1 2023 was ¥13,574,106.56, down 29.34% from the same period last year[10] - Total operating revenue for Q1 2023 was ¥202,365,485.56, a decrease of 6.5% compared to ¥216,976,302.33 in Q1 2022[63] - Net profit for Q1 2023 was ¥13,574,106.56, a decline of 29.5% from ¥19,211,272.29 in Q1 2022[65] - Earnings per share for Q1 2023 were ¥0.14, compared to ¥0.26 in Q1 2022, indicating a decrease of 46.2%[65] - The total comprehensive income for the period was 9,611,607.68, compared to 13,405,846.42 in the previous year[69] Cash Flow - The net cash flow from operating activities was negative at -¥61,944,316.02, a decline of 51.44% compared to the previous year[11] - Cash inflow from operating activities was 190,530,368.27, a decrease from 203,609,902.24 in the same period last year, reflecting a decline of approximately 6.3%[70] - The net cash flow from operating activities was -61,944,316.02, worsening from -40,904,721.23 year-over-year[70] - Cash inflow from investment activities was 226,705,670.81, significantly higher than 31,000,000.00 in the previous year, indicating a substantial increase[72] - The net cash flow from investment activities was 61,314,575.07, compared to -1,125,243.52 in the same period last year, showing a positive turnaround[72] - Cash inflow from financing activities was 49,560,778.85, up from 34,400,000.00 year-over-year, representing an increase of approximately 44%[72] - The net cash flow from financing activities was 8,431,595.33, improving from -6,004,899.71 in the previous year[72] - The ending balance of cash and cash equivalents was 360,394,163.45, compared to 43,066,746.76 at the end of the previous year, indicating a significant increase[72] - The company experienced a net increase in cash and cash equivalents of 7,768,612.31, contrasting with a net decrease of -48,058,785.18 in the previous year[72] Assets and Liabilities - Total assets as of March 31, 2023, reached ¥979,619,146.18, a slight increase of 0.23% compared to the end of 2022[10] - The total liabilities to assets ratio for the parent company was 17.19%, up from 11.82% at the end of 2022[10] - Total liabilities as of March 31, 2023, were ¥111,419,841.61, compared to ¥110,011,598.35 at the end of 2022, showing a marginal increase of about 1.28%[57] - The company's total equity reached ¥868,199,304.57, slightly up from ¥867,384,284.76, reflecting a growth of approximately 0.09%[57] - Total liabilities as of the end of the reporting period were ¥158,695,166.84, an increase from ¥102,948,938.47 year-over-year[61] - Total equity decreased to ¥764,731,875.51 from ¥767,873,775.85, reflecting a slight decline of 0.3%[61] Inventory and Prepayments - The company's inventory increased by 34.23% year-over-year, attributed to higher work-in-progress investments[15] - The company reported a significant increase in prepayments, which rose by 285.76% year-over-year, mainly due to increased material prepayments[13] Shareholder Actions and Commitments - The company approved a share repurchase plan aimed at enhancing long-term value and employee incentive programs[37] - The company plans to repurchase between 500,000 and 1,000,000 shares, representing 0.5%-1% of the total share capital[40] - The estimated total funds for the repurchase range from 8.1 million to 16.2 million yuan, sourced from the company's own funds[40][41] - The maximum repurchase price is set at 16.2 yuan per share, which is 200% of the average trading price of 14.56 yuan per share over the 30 trading days prior to the board's resolution[39] - As of March 31, 2023, the company has completed the repurchase, acquiring 100% of the planned maximum number of shares[43] - The repurchase implementation period is set to not exceed 6 months from the date of shareholder approval[42] - The company is committed to stabilizing its stock price, as outlined in the prospectus dated April 29, 2022[47] - The management has made commitments regarding shareholder lock-up and transfer restrictions, detailed in the prospectus[46] - The actual controller and major shareholders have expressed intentions regarding shareholding and reduction plans, as stated in the prospectus[46] - The company is currently fulfilling its commitment to repurchase shares in response to fraudulent issuance, as mentioned in the prospectus[47] - The board of directors and senior management have also committed to stabilizing the company's stock price, excluding independent directors[47] - The company is ensuring compliance with its commitments related to stock price stabilization and shareholder intentions[47] Corporate Governance and Compliance - The company has no ongoing litigation or arbitration matters during the reporting period[34] - There are no external guarantees or loans provided by the company during the reporting period[34] - The company has disclosed commitments in accordance with its prospectus[36] - The company has not faced any investigations or penalties during the reporting period[34] - There were no violations of commitments by the relevant parties during the reporting period, reflecting strong adherence to corporate governance[50] - The company has committed to transparency in its financial reporting and adherence to regulatory requirements, as indicated by the audit status of its financial reports[53] Research and Development - Research and development expenses for Q1 2023 were ¥7,207,674.60, a decrease of 4.3% from ¥7,532,597.78 in Q1 2022[64] Strategic Outlook - The company has outlined its strategies for market expansion and new product development, although specific figures were not disclosed in the provided content[48] - The company has emphasized the importance of maintaining stable operations and financial health through prudent asset management and financing strategies[51]

Financial Performance - The company's operating revenue for 2022 was CNY 905,070,229.09, a slight increase of 0.56% compared to CNY 900,050,882.84 in the previous year[4] - Net profit attributable to shareholders decreased by 39.08% to CNY 51,377,502.49 from CNY 84,334,649.35 year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 54,451,154.15, down 32.82% from CNY 81,048,799.11 in the previous year[4] - Basic earnings per share fell by 40.18% to CNY 0.67 from CNY 1.12 in the previous year[4] Assets and Equity - Total assets increased by 67.11% to CNY 978,104,533.88 from CNY 585,307,108.29 year-on-year[4] - Shareholders' equity attributable to the company rose by 93.49% to CNY 865,547,894.03 from CNY 447,325,013.15[4] - The company's share capital increased by 33.33% to CNY 100,000,000 from CNY 75,000,000[4] - The net asset value per share attributable to shareholders increased by 45.30% to CNY 8.66 from CNY 5.96 year-on-year[4] Challenges and Changes - The decline in net profit was primarily due to the impact of COVID-19 on the supply chain and increased raw material costs, particularly nickel[7] - The company issued 25 million new shares in November 2022, which diluted earnings per share[7]