Financial Performance - In 2022, the company achieved a net profit of CNY 2,208,838,585.89, with a total distributable profit of CNY 2,292,013,361.60 by the end of the year[4]. - The proposed profit distribution plan for 2022 is CNY 5.21 per 10 shares, totaling CNY 2,085,634,235.29 in dividends[4]. - The company's operating revenue for 2022 was CNY 20,192,222,964.59, representing a 2.46% increase from CNY 19,706,882,079.97 in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 6,610,015,911.86, a 9.65% increase compared to CNY 6,028,473,746.53 in 2021[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,377,021,554.19, reflecting a decrease of 15.01% from CNY 5,150,099,734.87 in 2021[21]. - The net cash flow from operating activities decreased by 31.05% to CNY 4,124,060,977.31 from CNY 5,981,158,526.45 in 2021[21]. - By the end of 2022, the net assets attributable to shareholders reached CNY 27,597,668,458.05, a 22.29% increase from CNY 22,567,564,914.67 at the end of 2021[21]. - Total assets increased by 10.96% to CNY 48,633,670,688.89 from CNY 43,828,317,484.55 in 2021[21]. - The basic earnings per share for 2022 was CNY 1.6512, up 9.65% from CNY 1.5059 in 2021[21]. - The weighted average return on equity decreased to 26.52% from 30.15% in 2021, a reduction of 3.63 percentage points[21]. Revenue and Sales - In Q1 2022, the company reported revenue of ¥5.13 billion, which increased to ¥6.78 billion in Q2, but decreased to ¥4.19 billion in Q3 and ¥4.09 billion in Q4[23]. - The net profit attributable to shareholders was ¥1.84 billion in Q1, rising to ¥2.37 billion in Q2, then dropping to ¥1.31 billion in Q3 and ¥1.09 billion in Q4[23]. - The net cash flow from operating activities was ¥1.34 billion in Q1, peaking at ¥2.13 billion in Q2, but fell to ¥151 million in Q3 and ¥509 million in Q4[23]. - The company achieved operating revenue of CNY 2,019,222.30 million, a year-on-year increase of 2.46%[40]. - The net profit attributable to shareholders reached CNY 661,001.59 million, reflecting a growth of 9.65% compared to the previous year[40]. - The company sold 2,110,300 tons of roving and products, along with 702 million meters of electronic cloth during the reporting period[36]. - The company’s glass fiber and its products accounted for 96.06% of total operating revenue, amounting to CNY 1,686,686.99 million[36]. Production and Manufacturing - The company achieved a record in the production of electronic fabric, marking it as the global leader in this segment[27]. - The new intelligent manufacturing base in Tongxiang was completed with an investment of ¥10 billion, enhancing production capabilities[27]. - The company launched a new generation of E9 ultra-high modulus glass fiber, contributing to the development of lightweight wind turbine blades[28]. - The total production of glass fiber yarn in China reached 6.87 million tons, a year-on-year increase of 10.2%[60]. - The total production of various electronic cloth/felt products in China reached approximately 860,000 tons, a year-on-year increase of 6.2%[61]. - The total production of industrial felt products in China was about 770,000 tons in 2022, with a year-on-year growth of 6.6%[61]. - The total production of glass fiber reinforced composite materials in 2022 was approximately 6.41 million tons, reflecting a year-on-year increase of 9.8%[62]. - The production of glass fiber reinforced thermoplastic composite materials grew by about 24.5% in 2022, reaching approximately 341,000 tons[62]. Research and Development - The company employed 1,303 R&D personnel, representing 9.23% of the total workforce, with a focus on enhancing innovation capabilities[52]. - The company invested CNY 577 million in R&D during the reporting period, focusing on glass fiber technology and product development[53]. - Research and development expenses rose by 4.50% to approximately CNY 577.05 million, accounting for 2.86% of total operating revenue[51]. - The company holds world-class core intellectual property in three major technology areas: glass formulation, large glass fiber pool kilns, and green manufacturing[54]. - The company is recognized as a national technology innovation demonstration enterprise and has received multiple awards for its technological advancements[54]. Market Strategy and Expansion - The company established stable partnerships with several Fortune 500 companies, enhancing its market presence[29]. - The company implemented a "comprehensive go-out strategy" in Q4 to boost sales and customer engagement[29]. - The company is expanding its international presence with production bases in the United States and Egypt, following a "three regions, five continents" strategy[39]. - The company is implementing a global marketing network and industrial layout to support a dual circulation model, enhancing resource sharing and integration[77]. - The company aims for high-speed growth by expanding its absolute advantage in the fiberglass sector and gradually cultivating a relative advantage in composite materials[75]. Environmental and Social Responsibility - The company is actively pursuing green development and has been awarded honors such as the "Green Design Demonstration Enterprise" by the Ministry of Industry and Information Technology[31]. - The company has committed to green development and aims to become a globally competitive leader in the fiberglass industry, focusing on sustainable practices and carbon neutrality[148]. - The company achieved a reduction of 229,231 tons in carbon dioxide equivalent emissions through various carbon reduction measures in 2022[149]. - The company utilized a distributed photovoltaic power generation system, generating 58.1872 million kWh of self-consumed electricity in 2022[149]. - The company disclosed a total social responsibility investment of 6.8825 million RMB in 2022, which includes 5.6572 million RMB in funds and 1.2253 million RMB in material donations[151]. - The company has committed to donating 10 million RMB to the Tongxiang Charity Association over five years, with an annual contribution of 500,000 RMB for educational and assistance projects[153]. Governance and Management - The company has a diverse board with members holding various positions in related industries, enhancing its strategic decision-making capabilities[101]. - The company’s governance structure was updated with the election of new independent directors, strengthening its oversight and accountability[98]. - The company has maintained a strong presence in the cement industry, with Chen Xuean also holding positions in several other cement-related companies, indicating a robust network[101]. - The company’s financial management is overseen by Pei Hongyan, who serves as Chief Accountant and Board Secretary, ensuring compliance and strategic financial oversight[100]. - The company has implemented a performance-based remuneration system for directors and senior management, linking pay to operational performance[103]. Risks and Challenges - The company faces risks from potential changes in tax policies and government subsidies, which could impact its financial performance[80]. - The company is exposed to foreign exchange risks, particularly with fluctuations in the RMB/USD exchange rate affecting export pricing and revenue[81]. - The company is subject to trade protection measures, including a 25% tariff on fiberglass products exported to the U.S. and significant anti-dumping duties in the EU[82]. - The company faces risks related to raw material and energy prices, which can impact production and costs due to the consumption of significant amounts of electricity, natural gas, and raw materials[84]. Shareholder Information - The total number of ordinary shareholders increased from 133,028 to 147,792 during the reporting period[181]. - China National Building Material Co., Ltd. holds 1,079,739,151 shares, accounting for 26.97% of total shares[184]. - The top ten shareholders include various funds, with the largest being China National Building Material Co., Ltd. and Zhen Shi Holding Group Co., Ltd.[184]. - The company has a total of 13,468,920 shares at the end of the reporting period, indicating an increase of 50,000 shares during the year[95]. Internal Controls and Compliance - The company has a comprehensive internal control system, with no significant deficiencies identified in the financial reporting internal controls as of December 31, 2022[128]. - The company has completed the rectification of internal control and governance issues as per regulatory requirements[135]. - The company has not faced any penalties from securities regulatory authorities in the past three years[105]. - The company has not made any changes to its accounting policies or estimates that would significantly impact its financial statements[164].

证券代码：600176 证券简称：中国巨石 公告编号：2023-010 中国巨石股份有限公司 关于召开 2022 年度网上业绩说明会的公告 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： ●会议时间：2023 年 3 月 21 日下午 16:00-17:00 ●会议地点：上证路演中心（http://roadshow.sseinfo.com/）和公司直播 端口（https://shangzhibo.tv/watch/10154735?lang=zh-cn） ●会议方式：网络直播+文字互动 ●投资者可于 3 月 20 日下午 16:00 前登录上证路演中心网站首页，点击"提 问预征集"栏目（http://roadshow.sseinfo.com/questionCollection.do），根 据活动时间，选中本次活动或通过公司邮箱（ir@jushi.com）向公司提问，公司 将在说明会上对投资者普遍关注的问题进行回答。 中国巨石股份有限公司（以下简称"公司"）将于 2023 年 3 月 21 日披露 202 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥4,192,660,545.64, a decrease of 20.53% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was ¥1,311,174,307.95, down 23.21% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥766,770,409.50, a decline of 46.53% compared to the previous year[4]. - The basic earnings per share for Q3 2022 was ¥0.3275, a decrease of 23.23% year-on-year[4]. - Total revenue for the first three quarters of 2022 reached ¥16.10 billion, a 16.5% increase from ¥13.84 billion in the same period of 2021[18]. - Net profit for the first three quarters of 2022 was ¥5.68 billion, representing a 30.2% increase compared to ¥4.36 billion in 2021[19]. - The total comprehensive income attributable to the parent company reached CNY 5,932,414,110.29, an increase from CNY 4,276,048,685.05 in the same period last year, reflecting a growth of approximately 38.8%[20]. - Basic and diluted earnings per share were CNY 1.3782, compared to CNY 1.0753 in the previous year, representing an increase of about 28.2%[20]. Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥50,400,572,588.83, reflecting a 15.00% increase from the end of the previous year[5]. - The company's total assets as of September 30, 2022, amounted to ¥50.40 billion, an increase from ¥43.83 billion at the end of 2021[15]. - The company's total liabilities reached ¥22.65 billion, an increase from ¥20.31 billion in the previous year[16]. - The equity attributable to shareholders increased by 17.77% to ¥26,578,473,395.52 compared to the end of the previous year[5]. - The company's equity attributable to shareholders reached ¥26.58 billion, up from ¥22.57 billion at the end of 2021, indicating a 17.7% growth[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥3,614,246,739.17, down 8.60% compared to the previous year[4]. - Cash inflow from operating activities totaled CNY 14,708,409,746.95, up from CNY 10,698,520,861.61 in the same period last year, indicating a growth of approximately 37.0%[22]. - The net cash flow from operating activities was CNY 3,614,246,739.17, slightly down from CNY 3,954,285,155.98 in the previous year, a decrease of about 8.6%[22]. - Total cash inflow from investment activities was CNY 9,165,322,568.04, significantly higher than CNY 1,090,155,081.43 in the previous year, marking an increase of about 740.5%[22]. - The net cash flow from investment activities was negative at CNY -1,276,745,577.57, an improvement from CNY -1,905,280,116.73 in the previous year[22]. - Total cash inflow from financing activities was CNY 12,106,371,371.13, compared to CNY 8,901,937,025.72 in the previous year, reflecting an increase of approximately 36.8%[22]. - The net cash flow from financing activities was negative at CNY -660,635,732.70, an improvement from CNY -1,480,583,445.83 in the previous year[22]. Operating Costs and Expenses - Operating costs for the first three quarters of 2022 were ¥11.57 billion, up 28.1% from ¥9.03 billion in the previous year[18]. - Research and development expenses for the first three quarters of 2022 were ¥441.43 million, up from ¥380.51 million in the same period of 2021[19]. - The company reported a significant increase in inventory, which rose to ¥3.79 billion from ¥2.20 billion, reflecting a 72.0% increase[15]. Non-Recurring Gains and Losses - The company reported non-recurring gains of ¥544,403,898.45 for Q3 2022, significantly lower than the previous year's figure[6]. - The decline in net profit attributable to shareholders after deducting non-recurring gains was primarily due to a decrease in product sales prices and a reduction in gross margin[7].

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥11.91 billion, an increase of 39.13% compared to ¥8.56 billion in the same period last year[20]. - Net profit attributable to shareholders for the first half of 2022 was ¥4.21 billion, up 61.96% from ¥2.60 billion in the previous year[20]. - Basic earnings per share increased by 61.97% to ¥1.0507 from ¥0.6487 in the same period last year[19]. - The weighted average return on net assets rose to 17.27%, an increase of 3.28 percentage points compared to 13.99% in the previous year[19]. - The net cash flow from operating activities was ¥3.46 billion, representing a 21.76% increase from ¥2.84 billion in the previous year[20]. - The company's total assets at the end of the reporting period were ¥48.20 billion, a 9.98% increase from ¥43.83 billion at the end of the previous year[20]. - The net assets attributable to shareholders increased by 10.98% to ¥25.05 billion from ¥22.57 billion at the end of the previous year[20]. - The company reported a significant decrease in financial expenses by 51.58%, attributed to increased interest income and foreign exchange gains[31]. - The company's net profit after deducting non-recurring gains and losses for the first half of 2022 was approximately ¥2.83 billion, representing a 12.64% increase compared to the same period last year[98]. - The EBITDA to total debt ratio improved to 0.2787, a 35.36% increase from 0.2059 in the previous year[98]. - The interest coverage ratio increased significantly to 26.31, up 74.35% from 15.09 in the same period last year[98]. - The cash interest coverage ratio rose to 24.28, reflecting a 55.64% increase compared to 15.60 in the previous year[98]. Revenue and Sales - In the first half of 2022, the company achieved a sales volume of 1.0702 million tons of fiberglass and 328 million meters of electronic cloth, generating a total revenue of CNY 9,298.91 million, accounting for 94.93% of the main business revenue[24]. - The company's operating revenue increased by 39.13% year-on-year, reaching CNY 11,909.68 million, while operating costs rose by 64.32% to CNY 7,499.97 million[31]. - The company reported a total profit for the first half of 2022 of CNY 5,131,170,869.98, up from CNY 3,113,132,012.79 in the previous year, marking an increase of 64.73%[110]. - The company's operating profit for the first half of 2022 was CNY 5,169,770,122.41, an increase of 64.73% from CNY 3,137,638,059.28 in the first half of 2021[110]. Assets and Liabilities - Accounts receivable increased by 48.07% to 2,594,656,275.72 yuan, driven by higher revenue and increased credit sales[33]. - The company reported a 272.24% increase in prepayments, totaling 716,653,537.80 yuan, due to higher advance payments for projects and materials[34]. - Inventory rose by 36.28% to 2,997,126,083.23 yuan, attributed to increased production capacity and higher stock levels[33]. - The company's fixed assets increased by 9.75% to 26,986,018,504.73 yuan, primarily due to the completion of new production lines[34]. - Current liabilities totaled approximately ¥16.29 billion, up from ¥13.88 billion at the end of the previous year[102]. - The company's total liabilities to assets ratio was 45.72%, a slight decrease of 0.61% from the previous year[98]. Cash Flow - The cash inflow from operating activities for the first half of 2022 was CNY 11,135,271,021.75, a 54.4% increase from CNY 7,189,017,409.72 in the same period of 2021[115]. - The net cash flow from operating activities was CNY 3,463,110,281.23, up from CNY 2,844,178,770.61 in the first half of 2021, representing a growth of 21.7%[115]. - The cash inflow from investment activities totaled CNY 7,579,753,234.13, significantly higher than CNY 364,706,204.38 in the previous year[116]. - The cash outflow for purchasing goods and services was CNY 4,659,218,496.45, up from CNY 2,613,038,580.54 in the first half of 2021[115]. Innovation and Development - The company has established a complete innovation system, focusing on major innovation projects and high-end innovations, including the establishment of the China Jushi Fiberglass Research Institute[28]. - The company’s R&D expenses increased by 22.73% to CNY 295.24 million, reflecting a commitment to innovation and technology advancement[31]. - The company has initiated a strategy to enhance its technological capabilities through research and development investments[122]. Environmental Compliance - The company has maintained compliance with environmental standards, with all reported emissions within regulatory limits[53]. - The company reported a total of 3.3246 tons of COD in domestic sewage, which is below the standard limit of ≤500 mg/l, with a comparison of 9.499 tons in the previous period[54]. - The company has implemented a wastewater pre-treatment system that allows for significant water reuse, reducing overall wastewater generation and pollutant discharge concentrations[56]. - The company is committed to achieving carbon peak and carbon neutrality goals, focusing on green development and innovation-driven strategies[61]. Corporate Governance and Compliance - There were no significant risks or violations of decision-making procedures reported during the period[6]. - The company has not reported any significant litigation or arbitration matters during the reporting period[71]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[70]. - The company has made commitments to resolve industry competition issues with its controlling shareholders, effective from January 5, 2021, for a period of two years[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 140,134[78]. - The largest shareholder, China National Building Material Group Corporation, held 1,079,739,151 shares, accounting for 26.97% of total shares[80]. - The company did not experience any changes in share capital structure during the reporting period[78]. Future Outlook - The management provided guidance indicating a cautious outlook for the next quarter, anticipating continued challenges in the market[122]. - The company plans to focus on market expansion and new product development in the upcoming quarters[122].