Financial Performance - The company's operating revenue for 2022 was ¥18,014,442,222.42, a decrease of 11.15% compared to ¥20,274,262,977.87 in 2021[17] - The net profit attributable to shareholders for 2022 was ¥1,530,789,704.01, down 45.90% from ¥2,829,683,547.57 in the previous year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,428,470,542.87, a decrease of 43.50% compared to ¥2,528,258,242.57 in 2021[17] - Basic earnings per share decreased by 46.34% to CNY 0.66 in 2022 compared to CNY 1.23 in 2021[18] - Diluted earnings per share fell by 46.28% to CNY 0.65 in 2022 from CNY 1.21 in 2021[18] - The weighted average return on equity decreased by 12.63 percentage points to 11.71% in 2022 from 24.34% in 2021[18] - Total revenue for Q4 2022 was CNY 4,338,245,967.75, showing a decline from previous quarters[20] - Net profit attributable to shareholders for Q4 2022 was CNY 334,147,340.52, down from CNY 452,834,666.14 in Q2 2022[20] Cash Flow and Assets - The net cash flow from operating activities increased by 58.82% to ¥2,820,006,673.26 from ¥1,775,653,273.05 in 2021[17] - The net assets attributable to shareholders at the end of 2022 were ¥13,498,100,115.95, an increase of 3.07% from ¥13,096,413,999.03 at the end of 2021[17] - Total assets at the end of 2022 were ¥25,195,631,347.65, reflecting a 3.13% increase from ¥24,431,164,539.25 in 2021[17] - The company reported cash and cash equivalents of ¥3,105,848,398.61, representing 12.33% of total assets, an increase of 35.83% compared to the previous period[49] Dividends and Shareholder Information - The company plans to distribute a cash dividend of ¥4.50 per 10 shares to shareholders, pending approval at the annual general meeting[3] - In 2022, the company distributed cash dividends of 4.50 RMB per 10 shares, totaling 1,047,347,956.80 RMB, which represents 68.42% of the net profit attributable to ordinary shareholders[96] - The total number of shares held by the chairman increased from 4,427,736 to 4,827,736, reflecting a change of 400,000 shares due to stock option exercise[72] - The total number of shares held by the general manager increased from 1,886,250 to 2,146,250, reflecting a change of 260,000 shares due to stock option exercise[72] Market and Industry Trends - The company faced significant market challenges, including intense price competition and geopolitical factors affecting raw material costs[24] - In 2022, the global electronic industry is expected to decline by 2.1%, with a total market size of approximately $2.426 trillion[26] - PCB output value is projected to be $81.74 billion in 2022, reflecting a 1% year-on-year increase, significantly lower than the previous year's growth of 24.1%[27] - The PCB market is projected to decline by 3.9% in 2023, with an estimated market value of $78.5 billion[64] Research and Development - The company reported a total R&D expenditure of ¥943,229,755.81, which is 5.2% of total revenue[43] - The number of R&D personnel is 1,798, making up 15.46% of the total workforce[44] - The company is focusing on developing high Tg high-temperature copper-clad laminate materials for automotive electronics, with significant progress in testing and material selection[45] - The company has developed a low-loss substrate for semiconductor chip packaging, aiming to fill a gap in China's semiconductor industry and achieve performance levels comparable to Japanese and Korean counterparts[46] Environmental Management - The company invested approximately ¥13,030.81 million in environmental protection during the reporting period[103] - The main pollutants from the Wanjiang factory include sulfur dioxide, nitrogen oxides, and particulate matter, with emissions monitored to meet standards[103] - The company has established mechanisms for environmental protection and has reported no exceedances in noise pollution levels according to GB 12348-2008 standards[106] - The company has implemented measures to ensure that all monitored pollutants are within the permissible limits, demonstrating commitment to environmental standards[114] Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report[2] - The company has not faced any penalties from securities regulatory authorities in the past three years, reflecting compliance and governance integrity[80] - The company has a total of 12 directors serving in various capacities across multiple subsidiaries, indicating a strong governance structure[78] - The company has established a performance incentive fund to link executive compensation with company performance, ensuring transparency in the hiring process of senior management[100] Strategic Initiatives - The company aims to strengthen its core business in copper-clad laminates while expanding into new markets such as 5G communication and electric vehicles[27] - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[73] - The company has established a strategic committee to oversee long-term planning and market expansion initiatives[86] Social Responsibility - The company invested 60.30 million yuan in social responsibility projects, benefiting 296 individuals[189] - The company provided 1.9 million yuan for educational assistance, supporting 15 students from disadvantaged families[190] - Total investment in poverty alleviation and rural revitalization projects amounted to 313,600 CNY, benefiting 305 individuals[191] - The company has been involved in educational poverty alleviation activities across six schools in three regions since 1996[193]

股票简称：生益科技 股票代码：600183 公告编号：2023—006 广东生益科技股份有限公司 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法律责任。 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 投资者可于2023年03月24日(星期五)至03月30日(星期四)16:00前登录上证路演中 心网站首页点击"提问预征集"栏目或通过广东生益科技股份有限公司（以下简称"公司"） 投资者关系邮箱：tzzgx@syst.com.cn进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 公司将于 2023 年 03 月 29 日发布公司 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，公司计划于 2023 年 03 月 31 日下午 15:00-16:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2 ...

2022 年半年度报告 公司代码：600183 公司简称：生益科技 广东生益科技股份有限公司 2022 年半年度报告 1 / 190 2022 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人刘述峰、主管会计工作负责人何自强及会计机构负责人（会计主管人员）林道焕 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 本公司已在本报告中详细描述了存在风险事项，敬请查阅第三节"管理 ...

Financial Highlights Summary [Key Accounting Data and Financial Indicators](index=1&type=section&id=Item%20%28I%29.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company demonstrated robust financial performance in Q3 and year-to-date 2021, with significant increases in operating revenue and net profit attributable to shareholders Core Financial Indicators for Q3 and First Three Quarters of 2021 | Indicator | Current Period (Q3) | YoY Change (%) | Year-to-Date (YTD) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue (RMB)** | 5,546,926,755.60 | 45.54 | 15,378,560,307.54 | 43.86 | | **Net Profit Attributable to Shareholders (RMB)** | 924,754,814.32 | 93.88 | 2,339,401,728.08 | 79.56 | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB)** | 732,351,013.20 | 80.51 | 2,134,901,221.86 | 73.51 | | **Basic Earnings Per Share (RMB/share)** | 0.40 | 90.48 | 1.02 | 78.95 | | **Weighted Average Return on Net Assets (%)** | 7.62 | Increase 2.45 percentage points | 20.56 | Increase 6.18 percentage points | Key Balance Sheet Data as of September 30, 2021 | Indicator | End of Current Period | End of Previous Year | Change from Previous Year-End (%) | | :--- | :--- | :--- | :--- | | **Total Assets (RMB)** | 24,206,827,851.40 | 18,357,445,724.02 | 31.86 | | **Total Equity Attributable to Shareholders (RMB)** | 12,566,196,285.79 | 9,889,074,607.01 | 27.07 | [Non-recurring Gains and Losses](index=2&type=section&id=Item%20%28II%29.%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) In the first three quarters of 2021, the company's total non-recurring gains and losses amounted to approximately **205 million RMB**, primarily from **217 million RMB** in non-current asset disposal gains, significantly impacting current net profit Details of Non-recurring Gains and Losses for the First Three Quarters of 2021 | Item | Amount Year-to-Date (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 216,513,950.22 | | Government Grants Recognized in Current Profit/Loss | 58,489,064.41 | | Fair Value Changes in Financial Assets, etc. | -25,978,015.77 | | **Total** | **204,500,506.22** | [Analysis of Key Financial Indicator Changes](index=3&type=section&id=Item%20%28III%29.%20Changes%20and%20Reasons%20for%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's significant performance growth was driven by strong demand for copper-clad laminates, increased sales volume and prices, new capacity from Jiangxi and Shaanxi projects, and a **180 million RMB** asset disposal gain from government land acquisition - Revenue growth primarily resulted from increased sales volume and higher prices of copper-clad laminates[7](index=7&type=chunk) - Significant net profit growth was attributed to robust demand for copper-clad laminates, price adjustments in response to rising raw material costs, substantial increases in production and sales volume due to new project launches in Jiangxi and Shaanxi, and an approximately **180 million RMB** asset disposal gain from government land acquisition[7](index=7&type=chunk) - Total assets increased by **31.86%**, mainly due to funds raised from subsidiary IPOs, increased inventory and accounts receivable driven by business expansion, and a **1.084 billion RMB** land payment by a sub-subsidiary[7](index=7&type=chunk) Shareholder Information [Shareholding Structure](index=4&type=section&id=Item%20%28I%29.%20Total%20Common%20Shareholder%20Count%20and%20Top%20Ten%20Shareholders'%20Holdings) As of the reporting period end, the company had **155,465** common shareholders, with the top three, Guangdong Guangxin Holdings Group, Wai Wah Electronics, and Dongguan Guohong Investment, holding over **51%** combined, indicating a relatively concentrated equity structure - As of the reporting period end, the company had **155,465** common shareholders[8](index=8&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Nature | Number of Shares Held (shares) | Shareholding Percentage (%) | | :--- | :--- | :--- | :--- | | Guangdong Guangxin Holdings Group Co., Ltd. | State-owned Legal Entity | 549,204,645 | 23.78 | | Wai Wah Electronics Co., Ltd. | Overseas Legal Entity | 326,283,920 | 14.13 | | Dongguan Guohong Investment Co., Ltd. | State-owned Legal Entity | 320,997,139 | 13.90 | | Hong Kong Securities Clearing Company Limited | Unknown | 112,805,187 | 4.88 | - Dongguan Guohong Investment Co., Ltd. and Dongguan Kexin Capital Industry Development Investment Co., Ltd. are parties acting in concert, while no such relationship exists among the top three shareholders[9](index=9&type=chunk) Quarterly Financial Statements [Consolidated Balance Sheet Analysis](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2021, total assets reached **24.21 billion RMB**, a **31.86%** increase, driven by business expansion and subsidiary IPOs, with total liabilities at **9.89 billion RMB** - Total assets increased from **18.36 billion RMB** at the beginning of the year to **24.21 billion RMB**, a **31.86%** increase[5](index=5&type=chunk)[11](index=11&type=chunk) - Asset growth was primarily driven by increases in monetary funds (from **850 million RMB** to **2.512 billion RMB**), accounts receivable (from **4.888 billion RMB** to **6.713 billion RMB**), and inventory (from **2.519 billion RMB** to **3.440 billion RMB**)[10](index=10&type=chunk) - On the liability side, long-term borrowings significantly increased from **605 million RMB** to **1.473 billion RMB**, indicating increased long-term financing to support expansion[11](index=11&type=chunk) [Consolidated Income Statement Analysis](index=8&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2021, the company achieved total operating revenue of **15.38 billion RMB**, up **43.86%**, and net profit attributable to shareholders of **2.34 billion RMB**, a **79.56%** increase, driven by strong revenue growth, improved gross margins, and approximately **217 million RMB** in asset disposal gains Comparison of Core Income Statement Data for the First Three Quarters of 2021 | Item | First Three Quarters of 2021 (RMB) | First Three Quarters of 2020 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | 15,378,560,307.54 | 10,690,001,192.32 | +43.86% | | **Total Operating Costs** | 12,785,515,584.67 | 9,061,195,743.48 | +41.10% | | **Operating Profit** | 2,794,805,029.17 | 1,607,603,744.61 | +73.85% | | **Net Profit Attributable to Shareholders** | 2,339,401,728.08 | 1,302,821,119.36 | +79.56% | - Asset disposal gains amounted to **217 million RMB**, compared to a **4.18 million RMB** loss in the prior year, representing a significant non-operating factor contributing to profit growth[15](index=15&type=chunk) [Consolidated Cash Flow Statement Analysis](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2021, net cash from operating activities was **1.13 billion RMB**, stable year-over-year, while net cash used in investing activities was **1.25 billion RMB**, and net cash from financing activities was **1.75 billion RMB**, primarily from subsidiary IPOs and new borrowings Overview of Cash Flow Statement for the First Three Quarters of 2021 | Item | First Three Quarters of 2021 (RMB) | First Three Quarters of 2020 (RMB) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | 1,128,373,137.40 | 1,138,578,441.88 | | **Net Cash Flow from Investing Activities** | -1,252,977,695.90 | -1,485,105,104.67 | | **Net Cash Flow from Financing Activities** | 1,751,895,229.74 | 12,848,851.58 | - Cash inflow from financing activities significantly increased to **2.233 billion RMB**, primarily due to **1.993 billion RMB** from investments by minority shareholders in subsidiaries, substantially higher than **178 million RMB** in the prior year[19](index=19&type=chunk) - Period-end cash and cash equivalents increased significantly to **2.442 billion RMB** from **818 million RMB** at the beginning of the period, indicating a healthy cash position[19](index=19&type=chunk) [Changes in Accounting Policies](index=17&type=section&id=Item%20%28III%29.%20Adjustments%20to%20Financial%20Statements%20at%20the%20Beginning%20of%20the%20First%20Year%20of%20Adopting%20New%20Lease%20Standards%20from%202021) Effective January 1, 2021, the company adopted new lease standards, retrospectively adjusting financial statements to recognize approximately **80.83 million RMB** in right-of-use assets and **83.96 million RMB** in lease liabilities on the consolidated balance sheet, without affecting comparable period information - The company adopted new lease standards effective January 1, 2021, and adjusted its opening financial statements accordingly[34](index=34&type=chunk) - Upon initial adoption of the new standards, the consolidated statements saw an increase of **80.83 million RMB** in right-of-use assets, an increase of **83.96 million RMB** in lease liabilities (including current portion), and a total decrease of **2.58 million RMB** in owners' equity[27](index=27&type=chunk)[28](index=28&type=chunk)[30](index=30&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥9.83 billion, a 42.93% increase compared to ¥6.88 billion in the same period last year[19]. - Net profit attributable to shareholders was ¥1.41 billion, reflecting a 71.30% increase from ¥825.85 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥1.40 billion, up 70.06% from ¥824.73 million year-on-year[19]. - Basic earnings per share increased to ¥0.62, a rise of 72.22% compared to ¥0.36 in the same period last year[20]. - The weighted average return on net assets rose to 12.94%, an increase of 3.73 percentage points from 9.21% in the previous year[20]. - The total assets of the company at the end of the reporting period were ¥22.57 billion, a 22.92% increase from ¥18.36 billion at the end of the previous year[19]. - The net cash flow from operating activities was ¥1.36 billion, representing a 50.70% increase from ¥905.69 million in the same period last year[19]. - The company achieved a revenue of 9.831634 billion yuan, representing a year-on-year increase of 42.93%[31]. - The gross profit margin for the copper-clad laminate segment improved to 29.30%, up from 27.29% in the previous year, indicating better cost management and pricing strategies[38]. - The company reported a total profit of CNY 1,674,815,076.62 for the first half of 2021, compared to CNY 1,030,018,320.58 in the same period of 2020, marking a growth of 62.5%[166]. Production and Sales - The company produced 57.2184 million square meters of various copper-clad laminates in the first half of 2021, an increase of 18.76% year-on-year[31]. - The production of semi-cured sheets reached 88.586 million meters, up 41.56% compared to the same period last year[31]. - The sales volume of various copper-clad laminates was 59.0657 million square meters, an increase of 34.12% year-on-year[31]. - The company capitalized on the booming copper-clad laminate market, resulting in significant growth in both sales quantity and price compared to the previous year[20]. - The company experienced a 61.56% increase in sales volume and prices of copper-clad laminates, which significantly contributed to revenue growth[36]. Research and Development - Research and development expenses totaled ¥432,964,567.93, accounting for 4.40% of operating revenue, reflecting the company's commitment to innovation[38]. - The company has developed a full range of high-frequency products and achieved mass application in various fields, including 5G antennas and automotive electronics[28]. - The company has established a national engineering technology research center for electronic circuit substrates, enhancing its technological capabilities[30]. - The company has initiated research and development for new products, aiming to enhance its competitive edge in the market, with a focus on innovation and sustainability[182]. Market Strategy and Expansion - The company successfully adjusted its market strategy and product structure in response to rising raw material prices, leading to increased sales volume and prices of its products[20]. - The company plans to continue expanding its market presence and enhancing product offerings in response to the growing demand in the electronics sector[36]. - The company is focused on expanding its market presence and enhancing product quality to mitigate competitive risks from larger firms in Japan, the US, and Taiwan[54]. - The company has outlined a strategic plan for potential mergers and acquisitions to bolster its market position, although no specific targets were mentioned[182]. Environmental Compliance and Sustainability - The company’s main pollutant emissions from its Wanjiang factory are within the monitored standards, including sulfur dioxide and nitrogen oxides[64]. - The company’s environmental compliance includes proper handling of wastewater and air emissions[64]. - The company is committed to maintaining environmental standards and improving operational efficiency through ongoing monitoring and compliance efforts[66]. - The company has implemented a comprehensive environmental management system across its factories, including the establishment of a dedicated environmental technology research center[98]. - The company has received recognition for excellent environmental management practices from local environmental authorities[121]. Financial Position and Liabilities - The company's total liabilities were RMB 9.31 billion, an increase from RMB 7.71 billion at the end of 2020, representing a rise of 19.66%[160]. - The company's equity attributable to shareholders rose to RMB 11.54 billion, up from RMB 9.89 billion at the end of 2020, marking an increase of 16.67%[160]. - The company maintains a stable debt structure and strong repayment capability, supported by sufficient cash flow from operations[155]. - The total number of shares increased from 2,290,820,090 to 2,302,474,347 due to the exercise of stock options, with 11,654,257 shares added during the reporting period[139]. Shareholder Information - The company held two shareholder meetings in 2021, with all resolutions passed successfully[58]. - The company did not distribute profits or increase capital reserves in the first half of 2021, with no dividends or stock bonuses declared[60]. - The company has granted stock options to executives, with a total of 11,900,796 stock options held at the beginning of the period, and 3,620,796 options available for exercise during the reporting period[147]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly for copper, resin, and glass cloth, which can significantly impact production costs[54]. - Market competition remains a concern, with increasing demands for high integration, multifunctionality, and environmental standards in PCB technology, posing challenges to the company's competitive edge[54].