Financial Performance - In 2023, the company's operating revenue was CNY 14,875,802,391.80, a decrease of 26.33% compared to CNY 20,192,222,964.59 in 2022[14]. - The net profit attributable to shareholders was CNY 3,044,441,957.13, down 53.94% from CNY 6,610,015,911.86 in the previous year[14]. - The net cash flow from operating activities was CNY 867,222,853.35, a significant decline of 78.97% compared to CNY 4,124,060,977.31 in 2022[14]. - Basic earnings per share decreased by 53.94% to CNY 0.7605 from CNY 1.6512 in 2022[15]. - The weighted average return on equity dropped to 10.91% in 2023, down 15.61 percentage points from 26.52% in 2022[15]. - Non-recurring gains and losses totaled CNY 1,146,509,242.30 in 2023, significantly lower than CNY 2,232,994,357.67 in 2022[17]. - The company's net profit for 2023 was approximately ¥3.16 billion, a decrease of 53.7% compared to ¥6.82 billion in 2022[178]. - Total revenue for 2023 was ¥14.02 billion, down 10.9% from ¥15.74 billion in 2022[180]. Assets and Liabilities - As of the end of 2023, the total assets amounted to CNY 52,073,958,059.20, reflecting a 7.07% increase from CNY 48,633,670,688.89 at the end of 2022[14]. - The total liabilities increased to ¥22.08 billion in 2023, up from ¥19.84 billion in 2022, indicating a rise of around 11.3%[171]. - The debt-to-asset ratio increased to 42.39% in 2023 from 40.79% in 2022, reflecting an increase in total liabilities during the reporting period[158]. - The company's equity attributable to shareholders rose to ¥28.64 billion in 2023, up from ¥27.60 billion in 2022, indicating an increase of approximately 3.8%[172]. Cash Flow - The net cash flow from operating activities for 2023 was ¥867,222,853.35, a decrease of 78.9% compared to ¥4,124,060,977.31 in 2022[183]. - Cash inflow from financing activities was ¥15,331,086,705.56, a decrease of 8.4% compared to ¥16,733,912,803.43 in the previous year[183]. - The total cash and cash equivalents at the end of 2023 amounted to ¥3,126,268,154.16, up from ¥2,629,776,717.00 at the end of 2022[183]. Dividends and Shareholder Returns - The company plans to distribute a total dividend of CNY 1,100,862,600.20, which translates to CNY 2.75 per 10 shares (including tax) based on a total share capital of 4,003,136,728 shares[2]. - The total cash dividend amount is equivalent to 36.16% of the net profit attributable to ordinary shareholders, indicating a strong commitment to shareholder returns[93]. - The profit distribution to shareholders amounted to RMB -2,085,634,235.28, indicating a significant reduction in shareholder returns[191]. Research and Development - Research and development expenses amounted to CNY 519,365,367.39, representing 3.49% of operating revenue[34]. - The company has invested CNY 519 million in R&D during the reporting period, focusing on fiberglass technology and products[37]. - The number of R&D personnel is 1,322, accounting for 9.57% of the total workforce[36]. Market and Product Development - The company achieved a total sales volume of 2.4814 million tons for bulk yarn and products, and 836 million meters for electronic fabrics, generating a total revenue of CNY 1,442,251.90 million, accounting for 99.06% of its main business revenue[23]. - The company launched over ten major new products, aligning with the "dual carbon" goals, and received 60 new invention patents, including 35 foreign patents[19]. - The company plans to focus on market expansion and new product development to drive future growth[177]. Environmental and Social Responsibility - The company is committed to green development and aims to become a world-class fiberglass enterprise by promoting energy-saving and environmentally friendly practices[108]. - The company invested a total of 6.1576 million yuan in public welfare projects, including 5.7101 million yuan in funds and 447,500 yuan in material donations[112]. - The company conducted 40 public donation activities in 2023, contributing over 6.157 million yuan to various charitable causes[113]. Governance and Compliance - The company has established a robust corporate governance structure, ensuring clear separation of powers and responsibilities among its governing bodies[61]. - The company maintains complete operational independence from its controlling shareholders, ensuring autonomy in business operations[62]. - The internal control system has been evaluated as effective, with no significant deficiencies identified in financial reporting controls[96]. Risks and Challenges - The company faces significant trade protection measures, including a 25% tariff on approximately $200 billion of Chinese goods imposed by the US, affecting its fiberglass products[59]. - Rising raw material and energy costs, including electricity and natural gas, pose risks to production and overall cost structure[59]. - The company is exposed to financial risks from currency fluctuations, particularly with the USD, which could affect export pricing and foreign exchange gains or losses[58].

中国巨石（600176.SH）2023年年报点评 粗纱价格企稳趋势渐显，期待电子布价格弹性 2024年03月20日 ➢ 公司披露2023年报：实现营收148.76亿元，同比-26.33%，归母净利30.44亿 推荐 维持评级 元，同比-53.94%，扣非净利18.98亿元，同比-56.64%。其中，23Q4实现营收34.50 亿元，同比-15.64%，归母净利 3.71 亿元，同比-66.09%，扣非净利 2.74 亿元，同比- 当前价格： 10.10元 64.94%。全年毛利率28%，同比-7.6pct，净利率21.22%，同比-12.55pct，其中，23Q4 毛利率25.81%，同比-7.35pct、环比-1.34pct，净利率11.13%。2023年公司分红11.01 亿元，分红率36.16%（2022年为31.55%），对应当前股息率为2.72%。同时，公司 [Table_Author] 玻纤业务创始人张毓强先生辞去总经理职务、聘任杨国明先生为公司新总经理，张毓强仍 继续担任公司副董事长及董事会专门委员会相关职务，将在公司董事会战略把控及重大事 项决策方面继续发挥作用。 ➢ 粗纱：价格企稳趋势渐显， ...

中国巨石（600176.SH）2023年年报点评 粗纱价格企稳趋势渐显，期待电子布价格弹性 2024年03月20日 ➢ 公司披露2023年报：实现营收148.76亿元，同比-26.33%，归母净利30.44亿 推荐 维持评级 元，同比-53.94%，扣非净利18.98亿元，同比-56.64%。其中，23Q4实现营收34.50 亿元，同比-15.64%，归母净利 3.71 亿元，同比-66.09%，扣非净利 2.74 亿元，同比- 当前价格： 10.10元 64.94%。全年毛利率28%，同比-7.6pct，净利率21.22%，同比-12.55pct，其中，23Q4 毛利率25.81%，同比-7.35pct、环比-1.34pct，净利率11.13%。2023年公司分红11.01 亿元，分红率36.16%（2022年为31.55%），对应当前股息率为2.72%。同时，公司 [Table_Author] 玻纤业务创始人张毓强先生辞去总经理职务、聘任杨国明先生为公司新总经理，张毓强仍 继续担任公司副董事长及董事会专门委员会相关职务，将在公司董事会战略把控及重大事 项决策方面继续发挥作用。 ➢ 粗纱：价格企稳趋势渐显， ...

中国巨石股份有限公司 关于召开 2023 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： 证券代码：600176 证券简称：中国巨石 公告编号：2024-004 ●会议时间：2024 年 3 月 20 日下午 14:00-15:00 ●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 三、参加人员 公司总经理、独立董事、财务总监、董事会秘书、证券事务代表将出席本次 业绩说明会。 ●投资者可于 3 月 20 日下午 14:00 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 ...

中国巨石股份有限公司（以下简称"公司"）于 2023 年 4 月 14 日召开 2022 年年度股东大会，审议通过了《关于公司及全资子公司巨石集团有限公司 2023 年 发行公司债及非金融企业债务融资工具的议案》，同意公司及巨石集团有限公司在 2022 年年度股东大会批准该议案之日起至 2023 年年度股东大会召开之日的期间 内，并在相关法律法规、规范性文件规定的可发行债务融资工具额度范围内，根据 资金需求及市场情况以一次或分次形式发行包括公司债、短期融资券、超短期融资 券、中期票据等在内的本币债务融资工具，发行方式包括公开发行和非公开定向发 行。 证券代码：600176 证券简称：中国巨石 公告编号：2024-003 中国巨石股份有限公司 关于 2024 年度第二期超短期融资券发行结果的公告 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。 近日，公司发行了 2024 年度第二期超短期融资券,发行总额为人民币 5 亿 元，募集资金已于 2024 年 3 月 7 日到账。现将发行结果公告如下： | 名称 | 中国巨石股份有 ...

| 名称 | 中国巨石股份有限公司 | 简称 | 24 巨石 | SCP001 | | --- | --- | --- | --- | --- | | | 2024 年度第一期超短期融资券 | | | | | 代码 | 012480631 | 期限 | 177 天 | | | 起息日 | 2024 年 2 月 28 日 | 兑付日 | 2024 年 8 | 月 23 日 | | 计划发行总额 | 5.00 亿元 | 实际发行总额 | 5.00 亿元 | | | 发行利率 | 2.12% | 发行价格 | 100元/百元面值 | | | 簿记管理人 | 恒丰银行股份有限公司 | | | | | 主承销商 | 恒丰银行股份有限公司 | | | | 公司 2024 年度第一期超短期融资券发行的相关文件已在中国货币网 （www.chinamoney.com.cn）和上海清算所网站（www.shclearing.com）上刊登。 特此公告。 中国巨石股份有限公司董事会 2024 年 2 月 29 日 关于 2024 年度第一期超短期融资券发行结果的公告 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 ...

中国巨石 2024 年 1 月机构投资者调研记录 调研时间：2024年 1月 调研地点：中国巨石大楼 调研机构： 中金公司、海创投资、东吴证券、招商信诺、涌津投资、泉果基金 重点问题及答复： 1、面对如今国际经济形势，公司 2024 年经营工作打算如何开展？ 2024 年，公司将重点开展以下工作：（1）满产满销。上下统一全力支持满产 满销，稳定提高质量、做好结构调整、控制好成本消耗；调整结构、敬畏市场、尊 重客户，保证市场占有率，提高市场竞争力。加大对关键市场、关键客户开拓力度， 体现新质生产力。在新能源、新电池、新能源汽车、新材料应用领域的“四新”市 场上走出新路、开好新局、布好新点。（2）发现优势、发挥优势、发展优势，实 现优势再造，发挥好品牌优势、实力优势、技术优势。将优势转化为特色差别，转 化为竞争力。 2、国资委拟加强对央企市值管理的考核，公司如何进行市值管理呢？ 公司将持续做好业务经营，保持股东回报稳定，并通过开展投资者交流等方式， 积极听取股东、投资者的意见建议，不断提高市值管理工作的针对性和实效性。公 司已将市值管理纳入公司“十四五”期间关键战略目标，后续将根据国资委的要求 进一步完善考核机制 ...

中国巨石 2023 年 12 月机构投资者调研记录 调研时间：2023年 12月 调研地点：中国巨石大楼 调研机构： 天风证券、泽泉投资、润州投资 重点问题及答复： 1、公司怎样看市场供需情况？ 自去年第三季度以来，随着玻纤下游主要消费市场整体陷入低迷，行业出现阶 段性供需失衡，粗纱产品价格快速下跌。今年行业需求恢复仍不及预期，部分粗纱 产品价格创历史新低，预计行业内低端产能和竞争力较弱产能将加速淘汰。今年第 三季度以来，行业内企业采取了实施冷修技改计划、延迟新生产线投产等措施，现 阶段，行业基本实现产销平衡，但盈利能力仍处于较低水平。 2、未来资源类成本会越来越高，公司成本下降空间还有多大？ （1）资源类： ①矿产：公司非常注重矿产资源投资，通过签订战略协议、投 资并购等方式获取优质矿产资源，保证原材料供应的稳定性和连续性；②能源：能 源成本主要是天然气、电和水，公司通过改进窑炉设备和燃烧方式，配合玻纤配方 改进等技术手段，提高窑炉熔化率，降低能源消耗。 （2）非资源类： ①人工：近年公司人工成本基本保持稳定，智能化制造基地 的建设使得人均生产效率显著提高；②辅材：针对不同的生产辅材，公司由专门的 下属企业 ...

中国巨石 2023 年第三季度网上业绩说明会会议记录 调研时间：2023 年 10 月 31 日 13:00-14:00 调研地点：上海证券交易所上证路演中心（http://roadshow.sseinfo.com） 重点问题及答复： 1、中国巨石和中材科技的重组还会继续进行吗？ 回复：关于同业竞争问题解决的相关情况，详见公司 2022 年 12 月 17 日发布 的《关于公司控股股东及实际控制人避免同业竞争承诺延期履行的公告》，公告编 号 2022-062。 2、江苏基地建设资金从哪筹备的呢？ 回复：公司江苏淮安基地的项目建设资金由银行贷款和自有资金解决。 3、公司玻纤产品的应用范围有没有提升呢？ 回复：公司玻纤产品应用范围近年来进一步拓展，除了在建筑建材、基建、 交通等传统应用领域的渗透率持续提升，在电子电器、光伏风电新能源、汽车轻量 化等新兴领域市场份额也在不断拓展。特别是光伏行业作为一个新兴的具备百万吨 潜在市场需求的领域，玻璃纤维光伏边框以其优越的性能和成本竞争优势开始逐步 进入，预计未来会逐渐成为主流应用产品。 4、公司与振石集团是不是存在同业竞争呢？ 回复：公司与第二大股东振石集团不存在同业竞争 ...

Financial Performance - The company's operating revenue for Q3 2023 was ¥3,595,937,693.37, a decrease of 14.23% compared to the previous year[3]. - The net profit attributable to shareholders for Q3 2023 was ¥610,879,096.34, down 53.41% year-on-year[3]. - The basic earnings per share for Q3 2023 was ¥0.1526, reflecting a decline of 53.40% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2023 was RMB 11,425,481,365.74, a decrease of 29.5% compared to RMB 16,102,342,868.21 in the same period of 2022[14]. - In Q3 2023, the company's net profit was CNY 2,773,124,236.26, a decrease of 51.2% compared to CNY 5,675,604,394.60 in Q3 2022[15]. - The total revenue for Q3 2023 was CNY 3,250,909,465.98, down from CNY 6,795,604,206.96 in the same period last year, reflecting a decline of 52.1%[15]. - Operating profit for Q3 2023 was CNY 3,257,049,459.62, compared to CNY 6,839,479,994.40 in Q3 2022, representing a decrease of 52.4%[15]. - The company reported a net profit margin decline due to reduced revenue, impacting overall profitability[14]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥52,702,916,035.39, an increase of 8.37% from the end of the previous year[4]. - Total assets reached RMB 52,702,916,035.39 as of September 30, 2023, compared to RMB 48,633,670,688.89 at the end of 2022, representing an increase of 8.5%[12]. - Total liabilities increased to RMB 23,043,487,165.96 as of September 30, 2023, from RMB 19,836,180,889.93 at the end of 2022, marking a rise of 15.0%[13]. - The company's equity attributable to shareholders was RMB 28,329,916,300.08 as of September 30, 2023, compared to RMB 27,597,668,458.05 at the end of 2022, reflecting an increase of 2.7%[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥484,916,016.74, down 86.58% year-on-year[7]. - The company reported a cash flow from operating activities of CNY 484,916,016.74 in Q3 2023, significantly lower than CNY 3,614,246,739.17 in Q3 2022[18]. - Cash inflow from investment activities was CNY 1,866,614,707.28 in Q3 2023, a decrease from CNY 9,165,322,568.04 in Q3 2022[18]. - The company reported a net cash flow from financing activities of CNY 12,833,228,709.62 in Q3 2023, compared to CNY 12,106,371,371.13 in Q3 2022, showing an increase of 6.0%[18]. - Net cash flow from financing activities was 955,567,035.17, compared to a negative cash flow of -660,635,732.70 in the previous period, indicating a significant improvement[19]. - Total cash and cash equivalents at the end of the period reached 4,237,728,424.27, up from 3,897,297,109.94 in the previous period, reflecting a net increase of 1,607,951,707.27[19]. - Cash outflow from financing activities totaled 11,877,661,674.45, slightly down from 12,767,007,103.83 in the previous period[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 115,825[8]. - The largest shareholder, China National Building Material Group Corporation, held 26.97% of the shares[8]. Research and Development - Research and development expenses for Q3 2023 were CNY 408,404,803.93, a slight decrease from CNY 441,434,550.19 in Q3 2022[15]. Future Outlook - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[14].