宝鸡钛业股份有限公司 2022 年 6 月投资者调研采访记录 来访单位：德邦证券、东方阿尔法、天风证券 会谈内容： 问题一：请问钛产品的主要用途是什么？ 回答：钛金属因其良好的耐腐蚀、比强度高、耐高温的优良在化 工、两碱、制盐，航工、航天、舰船、电力、医疗、武器装备等方面 得到广泛使用，随着钛冶炼技术的进步，将来钛必将等到广泛使用。 问题二：国内外钛行业需求结构差异？ 回答：总的来讲，钛行业国内外市场需求差异大，美国、俄罗斯 因为航空业发达，航空用钛占比较高，而且钛材企业生产规模大，盈 利能力较强；日本，主要是民用钛材，主要用在建筑、医疗、眼镜架 等。目前钛行业在我国航天航空、石油、化工、医疗、建筑、生活用 钛、舰船等领域有较大市场需求和市场空间。 问题三：近三年公司产品成本构成如何？ 回答：公司产品成本由原材料、辅料、人工工资、能源、折旧、 制造费用等项目构成，直接材料占产品成本的比例较高，在 80%以上。 问题四：公司现有的技术水平、管理水平以及人员能否顺利的保 障募资投资项目的完成？ 回答：经过多年的发展和积累，公司已形成了良好的技术人材储 备和管理人材及经验的储备，公司在对去年募集资金项目进行前期评 ...

宝鸡钛业股份有限公司 2022 年第三季度报告 单位：元 币种：人民币 证券代码：600456 证券简称：宝钛股份 债券代码：155801/155802 债券简称：19 宝钛 01/19 宝钛 02 宝鸡钛业股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 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。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------ ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,377,716,847.89, an increase of 18.92% compared to CNY 2,840,429,049.25 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 357,928,560.85, representing a growth of 28.75% from CNY 277,995,821.00 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 339,360,812.61, which is a 33.50% increase compared to CNY 254,199,527.70 in the previous year[21]. - Basic earnings per share for the first half of 2022 were CNY 0.7492, an increase of 24.49% from CNY 0.6018 in the same period last year[24]. - The weighted average return on net assets increased to 5.7570%, up by 0.6678 percentage points from 5.0892% year-on-year[24]. - The company achieved operating revenue of CNY 3.38 billion, a year-on-year increase of 18.92% compared to CNY 2.84 billion in the same period last year[44]. - The net profit attributable to shareholders reached CNY 358 million, reflecting a strong performance in the first half of 2022[40]. - The company reported a net profit of ¥478,618,563.95 for the first half of 2022, compared to ¥357,089,728.94 in the same period of 2021, showing a growth of 34%[175]. Cash Flow and Assets - The net cash flow from operating activities was CNY 16,372,596.21, a significant improvement from a negative cash flow of CNY -115,154,369.11 in the same period last year, marking a 114.22% increase[21]. - Cash and cash equivalents increased by 59.11% to CNY 2,601,456,901.08, compared to CNY 1,635,038,120.47 in the previous year[52]. - The total assets at the end of the reporting period were CNY 13,659,837,416.80, up 16.19% from CNY 11,756,706,145.91 at the end of the previous year[21]. - Current assets increased to CNY 10,201,281,605.21 from CNY 8,410,690,801.64, representing a growth of approximately 21.3%[160]. - Total liabilities increased to CNY 7,149,939,665.57 from CNY 5,274,173,133.87, representing a growth of approximately 35.5%[165]. Research and Development - The company received 9 technology achievement awards and was granted 2 patents in the first half of 2022, indicating a focus on innovation[43]. - Research and development expenses increased by 40.84% to CNY 79.65 million, driven by the expansion of R&D projects[44]. - The company has a strong R&D capability, recognized as a national high-tech enterprise, and has completed over 8,000 national research projects[35]. Market Position and Strategy - The company is recognized as the largest specialized rare metal production and research base in China, with its main titanium products' annual output ranking among the top in the world[35]. - The company is actively enhancing its market position in high-end applications, particularly in aerospace, marine, and defense sectors, to improve its product structure and market share[33]. - The titanium industry is expected to see stable growth in the second half of 2022, driven by demand from aerospace and chemical industries[33]. - The company aims to expand into new application fields for titanium materials, enhancing marketing efforts to cultivate new profit growth points[65]. Environmental Compliance - The company has established pollution prevention facilities, including exhaust gas absorption towers and washing towers, which are operating normally[86]. - The company strictly complies with national environmental protection laws and regulations, ensuring all construction projects have received necessary approvals and passed environmental protection acceptance[88]. - The company actively promotes green development and has not experienced any significant environmental pollution incidents during the reporting period[104]. Community Engagement - The company has taken measures to prevent poverty and support rural revitalization, contributing to community development[107]. - The company made donations of rice and cooking oil to 52 households in need during the Spring Festival, demonstrating its commitment to community support[111]. - The company has assisted 21 eligible students from poverty-stricken households in applying for the "Rain Dew Program" subsidies[111]. Corporate Governance - The company appointed Lei Rangqi as the new chairman on May 5, 2022, following the retirement of Wang Wensheng[74]. - The company has maintained a good integrity status during the reporting period, with no significant litigation or arbitration matters reported[122]. - The company reported no profit distribution or capital reserve transfer plans for the half-year period[78].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：600456 证券简称：宝钛股份 债券代码：155801/155802 债券简称：19 宝钛 01/19 宝钛 02 宝鸡钛业股份有限公司 2022 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，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。 公司负责人雷让岐、主管会计工作负责人及会计机构负责人（会计主管人员）宋朝利保证季度报 告中财务报表信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|------------------|-------------------------------------| | 项目 | 本报告期 | ...

Financial Performance - The company achieved an operating revenue of RMB 5.25 billion in 2021, representing a year-on-year increase of 20.94% compared to RMB 4.34 billion in 2020[21]. - Net profit attributable to shareholders reached RMB 560.28 million, a significant increase of 54.49% from RMB 362.66 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 514.01 million, up 61.25% from RMB 318.76 million in 2020[21]. - The company reported a net cash flow from operating activities of RMB 205.89 million, down 49.04% from RMB 404.03 million in 2020[21]. - Total assets increased by 34.38% to RMB 11.76 billion at the end of 2021, compared to RMB 8.75 billion at the end of 2020[21]. - Operating costs amounted to 4.03 billion RMB, reflecting a year-on-year increase of 22.52%[59]. - The gross margin for titanium products decreased by 2.52 percentage points to 23.38%, while the gross margin for other products increased by 7.47 percentage points to 19.37%[1]. - Titanium product revenue reached ¥4,742,897,459.24, with a year-over-year increase of 27.75%[1]. - Domestic revenue was ¥4,547,541,165.81, reflecting a 24.46% increase compared to the previous year, while foreign revenue decreased by 7.32% to ¥537,846,182.74[1]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 8.5 per 10 shares, totaling RMB 406,110,908.15, based on a total share capital of 477,777,539 shares as of December 31, 2021[6]. - The cash dividend amount for 2021 is set to be distributed on July 29, 2021, with the record date being July 28, 2021[181]. - The independent directors have expressed that the profit distribution plan is beneficial for shareholders, particularly minority shareholders, and does not adversely affect the company's operations or long-term development[182]. - The cash dividend policy is in compliance with the company's articles of association and the resolutions of the shareholders' meeting[182]. - The company has established a three-year shareholder return plan (2019-2021) to ensure adherence to its profit distribution policy[182]. Corporate Governance - The company has a robust governance structure that complies with regulatory requirements, with no significant discrepancies noted[136]. - The company has established specialized committees, including an audit committee and a remuneration and assessment committee, to oversee various governance aspects[170]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 579.91 million CNY[148]. - The company has a total of 14 directors and senior management, with 8 independent directors serving on the board[146]. - The company has not reported any changes in shareholding for its directors and senior management during the reporting period[146]. - The company has conducted six supervisory board meetings during the reporting period, effectively fulfilling its supervisory role[134]. Market and Industry Position - The company is recognized as the largest specialized rare metal production and research base in China, with a leading position in titanium production capacity[43]. - The titanium industry in China is experiencing stable growth, with high demand in aerospace and defense sectors, presenting significant market opportunities[44]. - The company focused on expanding into high-end markets such as aerospace, marine engineering, and new energy sectors, enhancing its market share[32]. - The company aims to achieve an operating revenue of 5.5 billion RMB and a titanium product output of 30,000 tons in 2022[100]. - The company is expanding its market presence in Europe, targeting a 25% increase in sales in that region over the next year[153]. Research and Development - The company has a strong R&D capability, being a national high-tech enterprise with multiple technology centers and partnerships with universities[53]. - The company received 6 awards for technological achievements and was granted 8 patents in 2021, highlighting its commitment to innovation[36]. - Total R&D expenditure was ¥163,091,309.17, accounting for 3.11% of total revenue[71]. - Research and development investments increased by 12%, focusing on advanced materials technology[153]. Environmental Responsibility - The company emphasizes green development and successfully met all environmental assessment indicators in 2021, with no major safety or environmental incidents[42]. - The company has adhered to national environmental protection laws and regulations, implementing pollution control measures, with all pollutants discharged meeting national standards and no penalties from environmental authorities[198]. - The company is committed to environmental responsibility and has not faced any environmental penalties during the reporting period[198]. - The company has implemented strict quality management systems, completing 15 domestic certifications and 13 international certifications in 2021[37]. Strategic Planning - The company plans to enhance its production capacity to 50,000 tons of titanium products and a certain amount of zirconium and nickel products[99]. - The company intends to invest 654 million RMB in fixed assets in 2022[100]. - The company will focus on market expansion and product upgrades to capture emerging market demands for titanium[101]. - The company is implementing cost reduction strategies, including optimizing inventory management and enhancing resource utilization efficiency[110]. Risk Management - The company faces raw material price fluctuation risks, particularly with sponge titanium, and will adjust inventory levels and strengthen supplier relationships to mitigate these risks[127]. - The company has implemented comprehensive measures to combat the ongoing COVID-19 pandemic, ensuring operational continuity and high-quality development[128]. - The company has emphasized strict production management and quality control to address potential risks in technology and product quality[125]. Investor Relations - The company plans to enhance investor relations management, ensuring timely and accurate information disclosure to build trust with investors[111]. - The company aims to improve the quality and transparency of annual report disclosures, facilitating two-way communication with investors[112]. - The company will maintain its website and investor relations section, ensuring up-to-date information is available for investors[115].

2021 年第三季度报告 单位：元 币种：人民币 证券代码：600456 证券简称：宝钛股份 债券代码：155801/155802 债券简称：19 宝钛 01/19 宝钛 02 宝鸡钛业股份有限公司 2021 年第三季度报告 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： 1、公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，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。 2、公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证 季度报告中财务报表信息的真实、准确、完整。 3、第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|--------------------------- ...

公司代码：600456 公司简称：宝钛股份 债券代码：155801/155802 债券简称：19 宝钛 01/19 宝钛 02 宝鸡钛业股份有限公司 2021 年半年度报告 宝鸡钛业股份有限公司 2021 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、准确、完 整，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、 公司负责人王文生、主管会计工作负责人宋朝利及会计机构负责人（会计主管人员）宋朝利 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 本报告期，公司不进行利润分配，也不以资本公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司未来计划、发展战略等前瞻性陈述，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 ...

2021 年第一季度报告 公司代码：600456 公司简称：宝钛股份 宝鸡钛业股份有限公司 2021 年第一季度报告 1 / 21 2021 年第一季度报告 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 目录 2 / 21 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 3.3 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 3.4 公司全体董事出席董事会审议季度报告。 3.5 公司负责人王文生、主管会计工作负责人宋朝利及会计机构负责人（会计主管人员）宋朝利 保证季度报告中财务报表的真实、准确、完整。 3.6 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|-------------------|----------------------|------------------- ...

Financial Performance - The company's operating revenue for 2020 was RMB 4,337,699,383.28, an increase of 3.58% compared to RMB 4,187,620,210.76 in 2019[32] - The net profit attributable to shareholders of the listed company reached RMB 362,656,356.23, representing a significant increase of 51.10% from RMB 240,010,609.72 in the previous year[32] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 318,759,747.72, up 54.82% from RMB 205,896,327.25 in 2019[32] - The net cash flow from operating activities was RMB 404,034,734.49, a remarkable increase of 667.25% compared to RMB 52,659,989.63 in 2019[32] - As of the end of 2020, the net assets attributable to shareholders of the listed company were RMB 4,010,838,574.73, an increase of 7.41% from RMB 3,734,248,204.86 at the end of 2019[32] - The total assets of the company at the end of 2020 amounted to RMB 8,749,124,415.59, reflecting an 8.00% increase from RMB 8,101,396,780.40 in 2019[32] - Basic earnings per share increased by 51.11% to CNY 0.8429 in 2020 compared to CNY 0.5578 in 2019[33] - The weighted average return on equity rose by 2.7984 percentage points to 9.3996% in 2020 from 6.6012% in 2019[33] - The company achieved an operating revenue of 4.338 billion yuan and a net profit attributable to shareholders of 363 million yuan in 2020, with titanium product sales volume reaching 18,829.15 tons, including 14,049.27 tons of titanium materials[71] Dividend Distribution - The company plans to distribute a cash dividend of RMB 10.5 per 10 shares, totaling RMB 501,666,415.95 based on the total share capital of 477,777,539 shares[6] - In 2020, the company reported a cash dividend of RMB 10.5 per share, amounting to RMB 501,666,415.95, which represents 138.33% of the net profit attributable to ordinary shareholders[182] - The company plans to distribute cash dividends of RMB 2 per 10 shares, totaling RMB 86,053,140, based on a total share capital of 430,265,700 shares[175] Market Position and Strategy - The company is recognized as the largest production and research base for titanium and titanium alloys in China, with advanced production systems[49] - The company has established long-term strategic partnerships with major clients such as Boeing and Airbus, enhancing its market competitiveness[63] - The company is recognized as the largest specialized rare metal production and research base in China, with its titanium production capacity ranking among the top in the world[63] - The company is actively expanding its market presence in aerospace, deep-sea exploration, and other high-tech industries, aiming to increase the application ratio of titanium materials in these fields[59] - The company focused on expanding into high-end markets such as aerospace, marine engineering, and medical applications, aiming to cultivate new profit growth points[75] - The company aims to expand its market presence by optimizing product structure and promoting new applications for titanium materials, targeting new profit growth points[165] Research and Development - The company has a strong R&D capability, having completed over 8,000 national research projects and achieved more than 700 research results[64] - Research and development expenses rose by 73.70% to 161 million RMB, driven by increased investment in R&D projects[86] - The total R&D investment for the period was ¥161,487,482.97, accounting for 3.72% of operating revenue[104] - The number of R&D personnel was 160, representing 4.02% of the total workforce[104] - The company emphasized the importance of research and development, targeting world-class market trends and increasing investment in new products and technologies to enhance market share[144] Operational Efficiency - The company optimized its product structure, leading to improved operational efficiency and increased profitability during the reporting period[36] - The company implemented 45 technological reform projects in 2020, achieving a comprehensive equipment integrity rate of 99.36%, significantly improving production capacity[80] - The company is advancing its smart manufacturing initiatives by integrating MES systems and utilizing big data to improve production efficiency and reduce costs[152] - The company will continue to optimize its production capacity and operational efficiency to meet market demands[139] Risk Management - The company has detailed descriptions of industry and market risks in the report, highlighting potential challenges for future development[10] - The company recognizes the financial risk associated with customer payment delays and will establish strong relationships to ensure timely collection of accounts receivable[168] - The company faces exchange rate risks due to its import and export activities and will monitor the foreign exchange market to mitigate potential impacts[169] - The company faces risks related to raw material price fluctuations, particularly in sponge titanium, which significantly impacts production costs[171] - The company has established a comprehensive environmental risk management system to minimize the probability of environmental risk incidents[171] Corporate Governance - The company has a well-defined corporate governance structure and management system, ensuring efficient and high-quality operational activities[67] - The company has a clear profit distribution policy that aligns with regulatory requirements, ensuring the protection of minority shareholders' rights[177] - The company has established strict regulations for related party transactions, ensuring compliance with relevant laws and internal policies[188] - The company is focused on maintaining compliance with regulations regarding related party transactions to protect shareholder rights[188] - The company committed to maintaining its independence and not interfering in management activities, ensuring no infringement on the interests of the listed company[197] Environmental and Social Responsibility - The company successfully completed all environmental assessment indicators and key tasks in 2020, with no major safety or environmental incidents reported[81] - The company will enhance its environmental protection measures to comply with increasingly stringent regulations and ensure pollution control[169] - The company has implemented various measures to combat the COVID-19 pandemic, including detailed emergency plans and management strategies[172] - The company has committed to enhancing its emergency response capabilities to ensure high-quality development despite ongoing uncertainties in the economic environment[172] Investor Relations - The company aims to strengthen investor relations by ensuring timely and accurate information disclosure and facilitating two-way communication with investors[154] - The company plans to enhance the quality and transparency of its annual report disclosures and engage with investors through various channels to build a positive market image[155] - The company will strictly adhere to the information disclosure requirements set by regulatory authorities, ensuring timely and accurate reporting of financial and operational status[156] - The company will conduct regular training for investor relations personnel to improve the quality of investor communication and management[164]

2020 年第三季度报告 公司代码：600456 公司简称：宝钛股份 宝鸡钛业股份有限公司 2020 年第三季度报告 1 / 24 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 24 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人王文生、主管会计工作负责人宋朝利及会计机构负责人（会计主管人员）宋朝利保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|---- ...