Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,576,422,409.87, a decrease of 0.68% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 152,603,797.97, down 34.89% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 131,937,256.26, reflecting a decline of 40.55%[6]. - Basic and diluted earnings per share were both CNY 0.057, down 34.48% compared to the previous year[7]. - Net profit for Q1 2023 was CNY 143,151,232.93, down 39.5% from CNY 236,919,126.69 in Q1 2022[18]. - The company reported a decrease in comprehensive income to CNY 142,722,054.12 from CNY 236,355,791.99 in the same quarter last year[18]. Cash Flow - The net cash flow from operating activities was CNY 256,794,141.08, a decrease of 36.31% due to increased tax payments in Q1[8]. - The net cash flow from operating activities decreased to approximately $256.79 million in Q1 2023, down from $403.18 million in Q1 2022, reflecting a decline of about 36.4%[20]. - The cash inflow from financing activities was approximately $90 million in Q1 2023, down from $220 million in Q1 2022, indicating a decrease of about 59.1%[21]. - The net cash flow from financing activities was approximately $17.26 million in Q1 2023, a decrease from $31.86 million in Q1 2022, reflecting a decline of about 45.0%[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,815,383,584.75, an increase of 0.83% from the end of the previous year[7]. - Total liabilities as of Q1 2023 were CNY 6,879,491,299.75, a slight increase from CNY 6,842,255,673.14 in the previous year[17]. - The company’s total assets reached CNY 22,815,383,584.75, compared to CNY 22,626,691,196.94 in Q1 2022[17]. Shareholder Information - Shareholder equity attributable to the parent company was CNY 15,629,295,324.78, up 1.04% from the previous year-end[7]. - The total number of ordinary shareholders at the end of the reporting period was 56,556[10]. Investment and Expenses - The company reported an increase in investment income to CNY 31,757,396.42, significantly higher than CNY 8,392,683.42 in the previous year[17]. - Research and development expenses decreased to CNY 247,497,852.55, down 31.2% from CNY 360,072,298.65 in Q1 2022[17]. - The company reported non-recurring gains of CNY 20,666,541.71, primarily from asset disposals and government subsidies[8]. Current Assets - As of March 31, 2023, total current assets amounted to RMB 7,582,602,652.23, a decrease from RMB 7,829,719,089.18 as of December 31, 2022, reflecting a decline of approximately 3.16%[12]. - The company's cash and cash equivalents decreased to RMB 2,259,033,242.29 from RMB 2,547,268,714.78, representing a decline of about 11.32%[12]. - Accounts receivable increased to RMB 1,030,696,245.36 from RMB 980,426,719.78, indicating an increase of approximately 5.12%[12]. - Inventory rose to RMB 1,826,647,089.00 from RMB 1,727,638,439.83, marking an increase of around 5.74%[12]. - The company reported a significant increase in prepayments, rising to RMB 272,682,314.97 from RMB 76,824,329.49, which is an increase of approximately 254.09%[12]. Operating Costs - Total operating costs increased to CNY 4,443,207,408.79, up 3.12% from CNY 4,308,985,170.05 in the same period last year[17].

股票代码：600160 股票简称：巨化股份 公告编号：临 2023-28 浙江巨化股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： http://roadshow.sseinfo.com） 会议召开方式：上证路演中心网络互动 问题征集方式：投资者可于 2023 年 5 月 11 日(星期四)至 5 月 17 日 (星期三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司信箱 zhuli@juhua.com 向公司提问，公司将在本次说明会上就投资者普遍 关注的问题进行回答。 浙江巨化股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日披露《公 司 2022 年年度报告》，为便于广大投资者更全面深入地了解公司 2022 年度经营 成果、财务状况等情况。公司计划于 2023 年 5 月 18 日（星期四）下午 15:00-16:00 通过网络互动方式召开业绩说明会，与广大投资者进行充分交流，解答投资者普 遍关注的问题。 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year 2022, representing a growth of 15% compared to the previous year[25]. - The company's operating revenue for 2022 was CNY 21,489,124,417.71, representing a 19.48% increase compared to CNY 17,985,585,441.93 in 2021[26]. - The net profit attributable to shareholders for 2022 reached CNY 2,380,732,575.42, a significant increase of 114.66% from CNY 1,109,093,339.47 in 2021[26]. - The basic earnings per share for 2022 was CNY 0.88, an increase of 114.63% compared to CNY 0.41 in 2021[27]. - The company achieved operating revenue of 21.489 billion yuan, a year-on-year increase of 19.48%, marking the first time revenue exceeded 20 billion yuan[33]. - The total profit for the reporting period was 2.72533 billion yuan, an increase of 164.954 million yuan year-on-year[38]. - The company reported a quarterly revenue of CNY 5,112,174,525.36 in Q4 2022, with a net profit of CNY 681,840,133.70 for the same period[28]. Market Expansion and Strategy - The company plans to expand its market presence in Asia, targeting a 10% market share by 2025[11]. - Future guidance suggests a projected revenue growth of 15% for the next fiscal year, driven by market expansion and new technology adoption[11]. - The company is focusing on market expansion in Southeast Asia, targeting a 25% increase in market share within the next two years[25]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth[91]. - The company is actively pursuing strategic partnerships and acquisitions to bolster its research and development capabilities in advanced fluorinated materials[16]. Research and Development - The company is investing $50 million in R&D for developing eco-friendly refrigerants, aiming to reduce greenhouse gas emissions by 25% over the next five years[11]. - The company completed R&D investments of 824 million RMB, focusing on advanced fluorinated materials and green refrigerants[168]. - A total of 131 R&D projects were implemented, resulting in 31 major outcomes, including 15 small-scale, 8 pilot-scale, and 8 industrialization results[169]. - The company has received 91 patent authorizations and filed 76 patent applications, enhancing its technological innovation capabilities[42]. Sustainability and Environmental Initiatives - The company has implemented a new strategy focusing on sustainability, aiming for a 50% reduction in carbon footprint by 2030[11]. - The company is committed to sustainability initiatives, aiming for a J% reduction in carbon emissions by the end of the fiscal year[12]. - The company is focusing on green low-carbon operations, with 40.32MW distributed photovoltaic projects and 5,050,000 kWh of green electricity traded[45]. - The company is committed to promoting clean energy applications and increasing the proportion of non-fossil energy utilization in the industrial sector[117]. Operational Efficiency and Cost Management - The gross profit margin improved to 35%, up from 30% last year, due to cost optimization measures[11]. - The company maintained a focus on safety and environmental responsibility, aiming for "zero violations, zero hazards, and zero accidents" in production[34]. - The company emphasized market expansion and product structure optimization to enhance operational efficiency and profitability[38]. - The company has established partnerships with three major distributors to strengthen its supply chain and distribution network[25]. Challenges and Risks - The company faced challenges in 2022 due to weak global economic growth and increased market competition, impacting its operational stability[32]. - The company faced cost pressures from rising raw material prices, which reduced profits by 1.00734 billion yuan[40]. - The company closely monitors industry policy changes to adapt its management activities and long-term development strategies[112]. Product Development and Innovation - The company reported a significant range of applications for PTFE, including pipes, rods, sheets, and various insulation materials, indicating a broad market presence[14]. - The introduction of new products, including various blends of refrigerants like R404A and R410A, is expected to enhance market competitiveness and meet regulatory standards[13]. - The company is focusing on high-performance polymer materials, moving towards product upgrades and application development in response to market demands[151]. - The company is actively developing a series of electronic fluorinated liquids, enhancing its competitive edge in the refrigerant market[146]. Financial Health and Investments - The net cash flow from operating activities for 2022 was CNY 3,316,621,737.56, up 165.90% from CNY 1,247,330,731.61 in 2021[26]. - The company's monetary funds at the end of the period amounted to CNY 2,547.27 million, representing 11.26% of total assets, a 65.53% increase from the previous year[106]. - The company has invested 50 million CNY in R&D for new technologies aimed at improving production efficiency[25]. - The company has a strong market presence in East and South China, with its main products having significant influence in Zhejiang and surrounding areas[84].

Financial Performance - The company's operating revenue for 2021 was CNY 17,985,585,441, representing a year-on-year increase of 12.03% compared to CNY 16,053,698,564 in 2020[29]. - The net profit attributable to shareholders for 2021 reached CNY 1,109,093,339, a significant increase of 1,062.87% from CNY 95,375,175 in the previous year[29]. - The net profit after deducting non-recurring gains and losses was CNY 1,032,527,373, with a year-on-year increase of 4.67%[29]. - The net cash flow from operating activities for 2021 was CNY 1,247,330,731, reflecting a 26.16% increase from CNY 988,689,294 in 2020[29]. - The total assets at the end of 2021 amounted to CNY 17,894,390,845, which is a 14.04% increase compared to CNY 15,691,644,388 at the end of 2020[29]. - The net assets attributable to shareholders increased to CNY 13,333,728,245, marking a 6.78% rise from CNY 12,487,234,600 in the previous year[29]. - Basic earnings per share increased by 925% to CNY 0.41 in 2021 from CNY 0.04 in 2020[30]. - The weighted average return on equity rose to 8.59% in 2021, an increase of 7.84 percentage points compared to 0.75% in 2020[30]. - Total revenue for Q4 2021 reached CNY 5,362,931,546, marking a significant increase from previous quarters[32]. - Net profit attributable to shareholders for Q4 2021 was CNY 850,607,240.1, a substantial rise from CNY 154,426,677.59 in Q3 2021[32]. Dividend Distribution - The proposed cash dividend distribution is 1.3 CNY per 10 shares, totaling approximately 350.97 million CNY for the year 2021[6]. - The company does not plan to distribute stock dividends or increase capital reserves through stock issuance for the year[6]. Audit and Compliance - The company has received a standard unqualified audit opinion from Tianjian Accounting Firm[5]. - There are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The board of directors and management guarantee the authenticity and completeness of the annual report[9]. - The company is committed to transparency and has disclosed its annual report through major financial media outlets[24]. Risk Management and Future Outlook - The company has outlined potential risk factors that may affect future development strategies and operational goals[8]. - The report includes a detailed discussion of the company's future development and risk management strategies[8]. - The report emphasizes the importance of investor awareness regarding investment risks related to forward-looking statements[7]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[20]. - Future strategies include enhancing research and development efforts to innovate new chemical products and improve production efficiency[18]. Sustainability and Environmental Commitment - The company reported a significant focus on the development and production of alternatives to ozone-depleting substances (ODS) as part of its sustainability strategy[13]. - The company is committed to reducing HFCs consumption and production by 15% from the baseline by 2036, in line with the Kigali Amendment[13]. - The company is actively working on the development of HFOs, which are considered ideal replacements for HFCs due to their low global warming potential (GWP)[13]. - The company has established a framework for the gradual phase-out of HCFCs, with a freeze on production starting in 2013 and reductions beginning in 2015[13]. - The company aims to achieve 100% reduction in the production and consumption of ODS by 2030 for developed countries and by 2040 for developing countries[13]. - The company emphasizes the importance of compliance with international agreements like the Montreal Protocol to ensure sustainable practices in its operations[13]. - The company is committed to transparency in reporting its progress towards sustainability goals and compliance with environmental regulations[13]. Research and Development - R&D investment totaled 654 million yuan, focusing on new materials and technologies, with 133 projects implemented and 17 major results achieved[49]. - The company has filed 96 technology patent applications and received 90 patent grants, including 2 in the United States and 1 in Japan, totaling 442 authorized patents by the end of the reporting period[185]. - The company is investing in research and development to enhance the performance of its products while minimizing environmental impact[13]. - The company is focusing on enhancing its research and development capabilities to innovate new technologies and products[20]. Market and Product Development - The company reported significant growth in its fluorochemical products, with a focus on AHF and HCFC-142b, which are essential for various industrial applications[14]. - The company is actively developing new refrigerants, including R32 and R134a, which are designed to be environmentally friendly and serve as replacements for older, ozone-depleting substances[14]. - The company is focusing on the production of high-quality industrial fuels, which are critical for various manufacturing processes and energy generation[14]. - The company plans to expand its market presence in the Asia-Pacific region, targeting growth in demand for chemical products and refrigerants[14]. - The company is exploring strategic partnerships and acquisitions to enhance its product offerings and market presence in the refrigeration and polymer sectors[15]. Challenges and Industry Environment - The company faced challenges due to strict "dual carbon" policies and rising raw material costs, impacting production capacity[38]. - The company is navigating a volatile market environment with significant fluctuations in raw material prices affecting overall performance[38]. - The company operates in a cyclical industry, significantly affected by supply and demand fluctuations, impacting product prices and overall performance[53]. - The chemical industry in China is characterized by high entry barriers and significant safety and environmental regulations, making it a capital and technology-intensive sector[145]. - The industry is experiencing a cyclical recovery, with increased investment and profitability, although structural overcapacity remains a challenge[146]. Strategic Initiatives - Strategic initiatives include potential mergers and acquisitions to strengthen the product portfolio and enhance operational capabilities[14]. - The company is committed to continuous innovation and project development to optimize its industrial structure and improve operational efficiency[69]. - The company is actively pursuing market opportunities, resulting in increased production and revenue, aligning its performance with industry trends[79]. - The company is focusing on optimizing its product structure, moving towards high-end, high-quality, and specialized fluorochemical products to meet the needs of strategic emerging industries[153].

Financial Performance - The company reported no profit distribution or capital reserve transfer to increase share capital during the reporting period[5]. - The company achieved operating revenue of 8.184 billion yuan, a year-on-year increase of 14.22%, with main business revenue of 6.669 billion yuan, up 21.80%[30]. - The net profit attributable to shareholders of the listed company reached ¥104,059,421.78, a significant increase of 644.15% year-on-year[25]. - The company reported a significant increase in revenue, driven by strong demand for its refrigerants, with a year-over-year growth of 15%[14]. - Future outlook remains positive, with projected revenue growth of 10% for the next fiscal year, supported by ongoing market expansion efforts[14]. - The company reported a net profit of ¥57,681,052.69 after deducting non-recurring gains and losses, which is not applicable for year-on-year comparison[25]. - The company's operating revenue for the first half of 2021 was ¥8,184,390,016.02, representing a 14.22% increase compared to the same period last year[25]. - The total profit reached 137 million yuan, representing a year-on-year growth of 157.54%, while the net profit attributable to shareholders was 104 million yuan, an increase of 644.15%[30]. - The company reported a significant increase in the production of key chemical products, including cyclohexanone, which is essential for nylon and other industrial applications[17]. - The company reported a net loss of ¥323,969,529.72 during the first half of 2021, indicating a challenging financial environment[155]. Compliance and Regulatory Matters - The company has outlined its compliance with the Montreal Protocol and its amendments regarding the reduction of hydrofluorocarbons[11]. - The company is committed to adhering to environmental regulations regarding the production and consumption of ozone-depleting substances[12]. - The management emphasizes the importance of adhering to regulatory decision-making procedures in providing guarantees[6]. - The company is exposed to risks from rising environmental standards, which may impact operational performance due to increased compliance costs and potential equipment obsolescence[83]. - The company has implemented online monitoring for wastewater and waste gas emissions from its key pollutant discharge units[94]. - The company reported no exceedance of pollutant discharge standards across its key pollutant discharge units[95]. - The company has established emergency response plans for environmental incidents and filed them with the local ecological environment bureau[100]. - The company received environmental impact assessment approvals for four projects, including a 400,000 tons/year sodium expansion project[99]. Research and Development - The company is investing in research and development for new chemical products to enhance its product portfolio and meet market demands[13]. - The company is focusing on the development of new refrigerants that serve as alternatives to traditional ones, contributing to environmental sustainability[13]. - The company is actively involved in the production of PVC plastic through the polymerization of VCM, which is a key raw material[12]. - The company has established a comprehensive R&D system, including a national-level enterprise technology center and various research institutes, enhancing its innovation capabilities[34]. - The company's R&D expenses increased by 61.13% to approximately ¥259 million, reflecting a focus on innovation and high-end product development[67]. - The company is focusing on expanding its product offerings in high-performance materials, particularly in the lithium-ion battery sector, where PVDF is a key raw material[15]. Market Expansion and Strategy - The company is exploring new strategies for market expansion and product development in response to regulatory changes and market demands[12]. - The company plans to expand its market presence in the fluorochemical sector, targeting growth in both domestic and international markets[13]. - Market expansion strategies include targeting emerging markets, which are anticipated to contribute an additional 5% to overall revenue growth[14]. - The company is exploring potential mergers and acquisitions to strengthen its position in the refrigerant market and diversify its product offerings[14]. - The company is strategically positioning itself for future growth through potential mergers and acquisitions in the specialty materials sector[15]. - The company aims to enhance its market share in fluorinated chemical products and improve competitiveness through digital transformation and green development strategies[64]. Environmental Responsibility - The company is committed to sustainability and is actively working on developing eco-friendly materials and processes[15]. - The company aims for "zero loopholes, zero accidents, and zero injuries" in its environmental management strategy[98]. - The company has actively engaged in environmental protection initiatives, including zero direct discharge of wastewater and air quality monitoring[108]. - The company reduced water, coal, electricity, and steam consumption per ten thousand industrial added value by 51.2%, 41.3%, 43.0%, and 45.3% year-on-year, respectively, resulting in a total reduction of 1.56 million tons of carbon dioxide emissions[109]. - The company is focused on green development and optimizing its operations in response to national carbon neutrality goals, which may impose stricter production regulations[88]. Financial Position and Assets - The total assets of the company at the end of the reporting period were ¥16,097,021,541.46, an increase of 2.58% from the previous year[25]. - The company's total liabilities at the end of the reporting period were approximately 2,549,274,000.00[150]. - The company's total equity decreased by approximately 450,725,930.00 compared to the previous period[150]. - The company's cash and cash equivalents decreased by 19.69% to ¥1,346,945,130.58, accounting for 8.37% of total assets[69]. - The company reported a total asset value of CNY 13,975,607,789.82 as of June 30, 2021[130]. - The company's equity attributable to shareholders was CNY 6,475,607,789.82 as of June 30, 2021[130]. Risks and Challenges - The company faces risks from the ongoing uncertainty of the COVID-19 pandemic, which may adversely affect its supply chain and normal operations[83]. - The company is at risk from rising prices of key raw materials and energy, which could negatively impact its operating results[85]. - The company anticipates challenges from rising raw material costs and intensified competition in the HFCs market, impacting future performance[64]. - The company acknowledges the cyclical nature of the chemical industry, which may lead to price volatility and potential adverse effects on financial performance if supply exceeds demand[84]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the authenticity and completeness of the semi-annual report[4]. - The company appointed Zhou Li Yang as the chairman of the board and elected Li Jun as a director in 2021[91]. - The company has not reported any significant changes in its registered address or office address during the reporting period[21]. - The company has not reported any significant contracts or other major matters during the reporting period[124].