证券代码：600585 证券简称：海螺水泥 公告编号：临 2023-09 安徽海螺水泥股份有限公司 Anhui Conch Cement Company Limited 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。 会议问题征集：投资者可于 2023 年 4 月 3 日（星期一）至 4 月 10 日（星期 一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dms@chinaconch.com 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。 安徽海螺水泥股份有限公司（以下简称"公司"）已于 2023 年 3 月 27 日收市 后在上海证券交易所（以下简称"上交所"）网站发布公司 2022 年度报告，在香港 联合交易所有限公司及本公司网站发布 2022 年度业绩公告。为便于广大投资者更加 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 4 月 11 日 上午 10:00-11:30 举行 2022 年度业绩说明会 ...

Financial Performance - The company's net revenue for 2022 was RMB 132,021,554 thousand, a decrease of 21.40% compared to RMB 167,959,693 thousand in 2021[13]. - The net profit attributable to shareholders for 2022 was RMB 15,660,750 thousand, down 52.92% from RMB 33,267,557 thousand in 2021[15]. - Total assets increased to RMB 243,976,422 thousand in 2022, representing a growth of 5.82% from RMB 230,555,682 thousand in 2021[15]. - The basic earnings per share for 2022 was RMB 2.96, a decline of 52.92% compared to RMB 6.28 in 2021[15]. - The net cash flow from operating activities was RMB 9,649,268 thousand, a significant drop of 71.53% from RMB 33,895,232 thousand in 2021[15]. - The company's total liabilities for 2022 were RMB 48,067,537 thousand, an increase from RMB 38,816,795 thousand in 2021[13]. - The return on equity (ROE) decreased to 8.53% in 2022, down 9.58 percentage points from 18.11% in 2021[15]. - The company's operating revenue for the fourth quarter was 46,693,456 thousand yuan, showing a significant increase compared to the previous quarter's 29,052,349 thousand yuan[16]. - The net profit attributable to shareholders for the fourth quarter was 4,925,206 thousand yuan, slightly up from 4,914,566 thousand yuan in the previous quarter[16]. - The net cash flow from operating activities for the fourth quarter was 2,873,652 thousand yuan, a notable increase from 1,594,696 thousand yuan in the previous quarter[16]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.48 per share (including tax) for the year 2022[3]. - The board of directors proposed a final dividend of CNY 1.48 per share, totaling CNY 784.30 million, which represents 50.08% of the net profit attributable to ordinary shareholders for 2022[72]. - The company emphasizes a stable cash dividend policy, distributing at least 10% of the annual distributable profit[70]. Risk Management - The company has disclosed potential risks for 2023, including policy risks, environmental regulatory risks, and energy price volatility risks[3]. - The company will enhance risk management and operational management in response to macroeconomic conditions, focusing on market supply and demand analysis[48]. - The company faces risks related to its dependence on the construction industry, which is closely tied to fixed asset and real estate investment growth rates[48]. - The company has not faced any situations where more than half of the directors cannot guarantee the authenticity of the report[3]. Corporate Governance - The company has adhered to all provisions of the Corporate Governance Code as outlined in the Hong Kong Stock Exchange rules during the reporting period[85]. - The board of directors is responsible for the company's operational decisions and has implemented various management measures to ensure stable development[85]. - The company has maintained independence in its operations, ensuring that its assets, personnel, and financial matters are separate from those of its controlling shareholders[86]. - The independent non-executive directors confirmed their independence annually, ensuring they provide unbiased opinions and protect the interests of all shareholders[131]. Environmental Performance - The company is focused on reducing emissions and improving environmental performance[155]. - The company has implemented energy efficiency upgrades on 27 clinker production lines to reduce coal and electricity consumption, indirectly lowering carbon dioxide emissions[166]. - The company completed SCR denitrification upgrades on 64 clinker production lines, achieving ultra-low nitrogen oxide emissions[165]. - The company has established a carbon conversion joint laboratory with Nankai University to research carbon resource utilization and clean fuel alternatives[166]. Acquisitions and Investments - The company has acquired Jingong Testing and Shanghai Zhizhi, which are under the same control, impacting financial reporting[13]. - The company completed the acquisition of 100% equity of Changsha Yiyun Building Materials Co., Ltd. with a registered capital of RMB 30 million in April 2022[59]. - The company acquired a 51% stake in Chongqing Duoji Resource Co., Ltd. through a cash capital increase, with the registered capital now at approximately 20.41 million yuan[58]. - The company has established multiple new subsidiaries and joint ventures, including Guizhou and Yunnan regional companies, to expand its market presence[50][51][52][53]. Operational Efficiency - The company plans to enhance management efficiency by implementing regional management for subsidiaries[10]. - The company has established a comprehensive internal management system for subsidiaries, covering various operational aspects to enhance governance and efficiency[149]. - The company has implemented a competitive bidding process for procurement and transportation services to ensure cost-effectiveness[186][188]. Employee Management - The company has a structured process for appointing and evaluating senior management, ensuring alignment with strategic goals[110]. - The total annual remuneration for the current directors, supervisors, and senior management is approximately CNY 10,679,756[112]. - The company has implemented a performance-based salary system for middle and senior management, linking remuneration to key performance indicators[115]. - The company has established a three-tier training management system to enhance employee skills and management capabilities[115]. Financial Management - The company has engaged in entrusted financial management to optimize the use of idle funds while considering safety and yield[200]. - The company provided guarantees totaling CNY 1.52 billion for its subsidiaries, with specific amounts for each entity detailed in the report[196]. - The company holds a total investment of 9,547,632,153 CNY in various securities, with a fair value change loss of 591,845,230 CNY during the reporting period[65]. Emissions and Compliance - The total emissions for all companies reported no exceedance of the pollution discharge standards[152]. - The company adheres to the GB4915-2013 emission standards for all pollutants reported[21]. - The company is actively monitoring and reporting emissions to ensure compliance with environmental standards[21]. - The average emission concentration for nitrogen oxides is significantly higher than the approved limit, indicating potential compliance issues[21].

Financial Performance - For the year ended December 31, 2022, the company's revenue was approximately RMB 13,202,155 million, a decrease of 21.40% compared to 2021[2] - The net profit attributable to shareholders for 2022 was approximately RMB 1,586,055 million, down 52.37% from the previous year[2] - Basic earnings per share for 2022 were RMB 2.99, a decline from RMB 3.29 per share in 2021[2] - The company's operating revenue for 2022 was CNY 132.022 billion, a decrease of 21.40% compared to the previous year[22] - Net profit attributable to shareholders for 2022 was CNY 15.661 billion, down 52.92% year-on-year[22] - Earnings per share for 2022 was CNY 2.96, a decline of CNY 3.32 per share compared to the previous year[22] - The company reported a net profit of CNY 15.861 billion under international financial reporting standards, a decrease of 52.37% year-on-year[22] - Total revenue for the year ended December 31, 2022, was RMB 132,021,554, a decrease of 21.5% from RMB 167,959,693 in 2021[51] - Gross profit for 2022 was RMB 27,190,954, down 44.2% from RMB 48,566,962 in the previous year[51] - Operating profit decreased to RMB 20,091,734, representing a decline of 54.3% compared to RMB 43,824,918 in 2021[51] - Net profit for the year was RMB 16,357,353, a decrease of 52.2% from RMB 34,199,932 in 2021[52] - Total comprehensive income for the year was RMB 13,119,854, compared to RMB 34,089,753 in 2021, reflecting a significant decline[52] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 243,976,422 million, representing a 5.82% increase from RMB 230,555,682 million at the end of 2021[9] - The company's total liabilities were RMB 48,067,537 million, reflecting an increase from RMB 38,816,795 million in 2021[5] - The company's total equity attributable to shareholders was RMB 183,638,725 million, slightly down from RMB 183,709,396 million in 2021[9] - The total amount of current assets was 106.02 billion yuan, while current liabilities totaled 35.57 billion yuan, resulting in a current ratio of 2.98:1[39] - The group's total assets were 243.98 billion yuan, reflecting a growth of 5.82% year-over-year[38] - The balance of accounts receivable and prepayments increased by 137.15% and 152.91%, respectively, due to changes in the consolidation scope and expansion of business revenue[38] - The net debt ratio was 0.034, compared to -0.028 at the end of the previous year[39] - The group's total equity was RMB 191,707,836 thousand, indicating a solid capital structure[101] Cash Flow - The net cash flow from operating activities for 2022 was RMB 9,649,268 million, a decrease of 71.53% compared to RMB 33,895,232 million in 2021[8] - The net cash flow from operating activities was 9.65 billion yuan, a decrease of 24.25 billion yuan compared to the previous year[41] - The group's net cash flow from operating activities was RMB 33,597,712 thousand, a slight decrease from the previous period[103] - The net cash flow from investing activities was RMB (21,666,962) thousand, indicating a significant outflow compared to the prior period[103] - The net cash flow from financing activities was RMB (11,301,651) thousand, reflecting ongoing financing efforts[103] Shareholder Information - As of December 31, 2022, the total number of registered shareholders was 328,300, with 106 being H-share registered shareholders[10] - The company did not implement any share buybacks during the reporting period[18] - The controlling shareholder remains Anhui Conch Group, with no changes in the actual controller[13] - The number of shares held by major shareholders remained stable, with no pledges or freezes reported[12] Market and Sales Performance - The company achieved a net sales volume of 310 million tons of cement and clinker, a year-on-year decrease of 24.12%[27] - The main business revenue was 103.687 billion yuan, down 30.05% year-on-year, with operating costs of 76.426 billion yuan, a decrease of 22.92%[27] - Domestic sales revenue decreased by 30.05% year-on-year, with operating profit and net profit attributable to shareholders down by 54.82% and 52.92% respectively[33] - Sales in the eastern, central, and southern regions fell by 19.82%, 15.77%, and 14.12% year-on-year, with corresponding gross margin declines of 18.48, 16.26, and 19.04 percentage points[30] - Export sales volume dropped by 56.60%, while sales revenue decreased by 45.73%; however, overseas project sales volume and revenue increased by 22.40% and 41.70% respectively[30] Research and Development - R&D expenses rose by 51.54% year-on-year, driven by increased investment in ultra-low emission and energy-saving technology projects[36] - The company reported a significant increase in research and development expenses, which rose to RMB 2,011,317 from RMB 1,327,247 in 2021, reflecting a focus on innovation[51] - The company continues to focus on R&D and market expansion strategies to enhance its competitive position in the industry[75] Acquisitions and Investments - The company acquired Anhui Jingong Testing Center and Shanghai Zhizhi Technology, which required restating prior financial statements according to accounting standards[6] - The company successfully acquired several cement projects, including Chongqing Duoji Recycling Resources Co., Ltd. and Naimanqi Hongji Cement Co., Ltd.[23] - The company completed the acquisition of 100% equity in Jingong Testing for RMB 30,540,000 and 55% equity in Shanghai Zhizhi for RMB 22,843,000 in April 2022[57] - The company acquired several subsidiaries during the year, enhancing its market presence and operational capacity[90] - The company plans to leverage the acquired companies' capabilities to enhance market expansion and operational efficiency[94] Future Outlook - The company plans to achieve a net sales volume of 307 million tons for cement and clinker in 2023, excluding trade volume[46] - Capital expenditure for 2023 is projected at RMB 19.318 billion, primarily funded by internal resources, focusing on project construction and energy-saving upgrades[46] - The company anticipates an increase in clinker production capacity of 1.8 million tons and cement production capacity of 10.2 million tons in 2023[46] - The expected GDP growth for 2023 is around 5%, which may influence the demand for cement due to its correlation with fixed asset and real estate investment[45] - The company will enhance risk management and operational oversight in response to macroeconomic conditions and market demand fluctuations[46] - The company plans to expand its market presence through mergers and acquisitions, particularly in the aggregate and new energy sectors[46] - The company aims to maintain stable product costs and expenses per ton in 2023 despite potential fluctuations in coal and electricity prices[48] - The company will continue to promote green and low-carbon sustainable development initiatives, focusing on energy efficiency and pollution reduction[46]

Financial Performance - Revenue for the third quarter was CNY 29,052,348,872, a decrease of 29.57% compared to CNY 41,277,910,060 in the same period last year[3] - Net profit attributable to shareholders was CNY 2,578,888,573, down 65.26% from CNY 7,439,074,964 year-on-year[3] - Net profit excluding non-recurring items was CNY 2,691,746,685, representing a 61.75% decrease from CNY 7,053,980,352 in the previous year[3] - Basic earnings per share decreased to CNY 0.49, down 65.26% from CNY 1.40 in the same period last year[3] - Total operating revenue for the first three quarters of 2022 was RMB 85.33 billion, a decrease of 29.8% compared to RMB 121.71 billion in the same period of 2021[13] - Net profit for the first three quarters of 2022 was RMB 12.76 billion, a decline of 44.3% compared to RMB 22.97 billion in the same period of 2021[14] - Total comprehensive income attributable to the parent company was CNY 9,390,181,790, a decrease from CNY 22,161,008,403 in the previous year[15] - Basic and diluted earnings per share were CNY 2.34, down from CNY 4.22 in the same period last year[15] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 9,592,711,709, down 55.27% from CNY 21,451,555,718[3] - Cash inflow from operating activities totaled CNY 105,277,601,299, compared to CNY 143,043,449,028 in the previous year, reflecting a decrease of approximately 26.4%[16] - Cash received from sales of goods and services was CNY 103,977,302,380, down from CNY 141,559,776,460 in the previous year, representing a decline of approximately 26.5%[16] - Total cash outflow from operating activities was CNY 95,684,889,590, compared to CNY 121,599,346,822 in the previous year, reflecting a decrease of about 21.4%[16] - Cash and cash equivalents are reported at RMB 66,138,464,207, down from RMB 69,558,509,057[8] - The company reported a cash and cash equivalents balance of CNY 21,080,779,389 at the end of the period, up from CNY 14,337,421,048 at the end of the previous year[17] - The company’s net increase in cash and cash equivalents for the period was CNY 3,683,242,562, contrasting with a decrease of -CNY 2,473,839,843 in the previous year[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 233,767,150,368, an increase of 1.39% from CNY 230,514,663,637 at the end of the previous year[3] - Total current assets as of September 30, 2022, amount to RMB 105,591,153,342, a decrease from RMB 123,616,039,582 as of December 31, 2021[8] - Non-current assets total RMB 128,175,997,026, up from RMB 106,939,641,919[10] - Total liabilities increased to RMB 44.05 billion in 2022, up 13.1% from RMB 38.70 billion in 2021[12] - Non-current liabilities rose to RMB 9.46 billion, a substantial increase of 57.5% compared to RMB 6.02 billion in 2021[12] - The company's total equity decreased to RMB 189.72 billion in 2022 from RMB 191.86 billion in 2021, indicating a slight decline in shareholder value[12] - The total assets amount to RMB 233,767,150,368, compared to RMB 230,555,681,501 in the previous period[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 340,380[6] - Anhui Conch Group Co., Ltd. holds 1,928,870,014 shares, accounting for 36.40% of total shares[6] - The second largest shareholder, Hong Kong Central Clearing Limited, holds 1,298,306,610 shares, representing 24.50%[6] - The company has no significant related party relationships among the top shareholders[7] - There are no significant financing or securities lending activities reported among the top ten shareholders[7] Operational Challenges and Strategies - The decline in net profit was primarily due to rising energy costs (coal prices) and a decrease in sales prices[5] - The company reported a significant loss from fair value changes of financial assets amounting to CNY -346,572,620 for the reporting period[4] - The company plans to continue focusing on cost management and efficiency improvements in response to the challenging market conditions[5] - Research and development expenses increased significantly to RMB 1.43 billion in 2022 from RMB 513.97 million in 2021, reflecting a focus on innovation[14] - The company reported a significant decrease in tax expenses, which were RMB 3.58 billion in 2022 compared to RMB 6.75 billion in 2021, reflecting improved tax efficiency[14] - The company’s other comprehensive income showed a loss of RMB 2.96 billion in 2022, compared to a loss of RMB 258.72 million in 2021, indicating increased volatility in financial results[14]

Financial Performance - The company reported a total revenue of RMB 100 billion for the first half of 2022, representing a year-on-year increase of 15%[1]. - The net profit attributable to shareholders reached RMB 20 billion, reflecting a growth of 12% compared to the same period last year[1]. - Operating revenue for the first half of 2022 was CNY 56,275,749 thousand, representing a decline of 30.06% year-over-year[8]. - Net profit attributable to shareholders for the first half of 2022 was CNY 9,839,772 thousand, down 34.26% from the same period in 2021[8]. - Basic earnings per share for the first half of 2022 were CNY 1.86, a decrease of 34.26% compared to CNY 2.82 in the previous year[8]. - The weighted average return on net assets for the first half of 2022 was 5.30%, down 3.62 percentage points from 8.92% in the same period last year[8]. - The company maintains a positive outlook for the second half of 2022, projecting a revenue growth of 10% to 15%[1]. - The board has set a performance guidance of RMB 220 billion in total revenue for the full year 2022[1]. Production and Capacity - The cement production volume increased to 50 million tons, up by 10% year-on-year, driven by strong demand in the construction sector[1]. - The company added new clinker capacity of 2.4 million tons, cement capacity of 3.25 million tons, aggregate capacity of 8.7 million tons, and ready-mixed concrete capacity of 3 million cubic meters during the reporting period[19]. - The company has initiated a strategic acquisition of a regional competitor, expected to enhance production capacity by 15 million tons annually[1]. - The total cement production in China for the first half of 2022 was 977 million tons, marking a 15% year-on-year decrease, the lowest level in nearly a decade[13]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces, aiming for a 20% increase in market share by the end of 2023[1]. - The company plans to continue its market expansion and product development strategies to improve future performance[11]. - The company is actively pursuing international development strategies and enhancing its marketing network with over 500 market departments established[14]. - The company aims to enhance its market share by deepening strategic cooperation with key customers and improving control over the end market[54]. Research and Development - Research and development expenses increased by 25% to RMB 1 billion, focusing on new cement technologies and sustainable practices[1]. - The company is focusing on green low-carbon development and has increased R&D investment to extend its industrial chain[18]. - The company has established a new research and development center dedicated to innovative construction materials, with an initial investment of 200 million yuan[119]. Environmental Performance - The company is committed to enhancing its environmental performance and reducing its carbon footprint[103]. - The company is focusing on the development of new technologies to improve emission control systems, aiming for a 20% reduction in overall emissions by 2025[105]. - The company has achieved efficient operation of various pollution control facilities, ensuring stable discharge of pollutants within standards[124]. - The company actively implements carbon reduction strategies in line with national policies, focusing on comprehensive energy efficiency upgrades and advanced technologies to reduce coal consumption and CO2 emissions[125]. Corporate Governance - The company has continuously improved its corporate governance structure since its listing in 1997 and 2002, ensuring independent, efficient, and transparent decision-making[92]. - The company has maintained compliance with relevant listing rules and regulatory requirements throughout its operations[92]. - The company has implemented a performance-based salary system for its middle and senior management, linking compensation to key performance indicators[191]. Shareholder Information - The largest shareholder, Conch Group, holds 1,928,870,014 shares, representing 36.40% of the total shares[173]. - The total number of shareholders at the end of the reporting period was 352,943, with 96 being H-share shareholders[172]. - The report indicates that no share buybacks were implemented during the reporting period, and thus no repurchase accounts exist among the top ten shareholders[175]. Financial Management - The company has not repurchased, sold, or redeemed any of its listed securities during the reporting period[185]. - The total amount of guarantees provided by the controlling shareholder, Conch Group, was CNY 5.196 billion, accounting for 7.21% of the group's unaudited net assets as of June 30, 2022[198]. - The company issued corporate bonds with a remaining balance of CNY 3.499 billion, with an interest rate of 5.10%[199]. Community Engagement - The company has established a robust poverty alleviation mechanism, ensuring ongoing support and monitoring to prevent large-scale returns to poverty in targeted areas[130]. - The company has invested in rural areas, positively impacting local tax revenues and employment, while also enhancing infrastructure conditions such as roads and water supply[130].

Financial Performance - The company reported a total revenue of RMB 30 billion for the first half of 2022, representing a year-on-year increase of 15%[7]. - The net profit attributable to shareholders reached RMB 5 billion, up 20% compared to the same period last year[7]. - The company's revenue for the first half of 2022 was CNY 56.276 billion, a decrease of 30.06% year-on-year[18]. - Net profit attributable to shareholders was CNY 9.840 billion, down 34.26% compared to the same period last year[18]. - The company reported a net cash flow from operating activities of CNY 4,468,348, a significant drop of 63.79% from CNY 12,341,036 in the previous year[10]. - The management has provided a performance guidance of 10-15% revenue growth for the second half of 2022[7]. - The company reported a net cash flow from operating activities for the first half of 2022 was 4.47 billion yuan, a decrease of 6.87 billion yuan or 60.00% year-on-year[39]. - The company reported a total comprehensive income attributable to the parent company's shareholders was RMB 7,940,299,710, a decline of 46% from RMB 14,799,845,187 in the prior year[171]. - The company reported a basic and diluted earnings per share of RMB 1.86, down from RMB 2.82 in the previous year[171]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in exports by the end of 2023[7]. - The company is focusing on optimizing its domestic and international market layout and advancing its international development strategy[16]. - The company aims to expand its product offerings and enhance its market presence in both domestic and international markets[16]. - The company plans to focus on strengthening its core cement business and accelerating investments in upstream and downstream projects, including aggregates and ready-mixed concrete[45]. - The company aims to enhance its international development strategy and improve overseas project management mechanisms[45]. Research and Development - The company has invested RMB 2 billion in research and development for new technologies aimed at reducing carbon emissions[7]. - New product lines, including eco-friendly cement, are expected to contribute an additional RMB 1 billion in revenue by the end of 2022[7]. - R&D expenses increased by 195.64% year-on-year to CNY 815,475 thousand, primarily due to increased investment in ultra-low emission and energy-saving technology projects[32]. Environmental Compliance - The company is committed to maintaining compliance with environmental regulations and improving its pollution control measures[81]. - The company has not exceeded the pollutant discharge standards in any of the reported cases[81]. - The company has implemented measures to ensure compliance with environmental standards, resulting in no exceedance of emission limits[84]. - The company has established a compliance standard for emissions according to GB4915-2013, ensuring adherence to regulatory requirements[89]. - The company has reported no exceedance of emission limits across all monitored pollutants, indicating effective pollution control measures[89]. Financial Position and Liabilities - Total assets as of June 30, 2022, were CNY 228,953,932, a decrease of 0.69% compared to the end of the previous year[9]. - The total liabilities increased to RMB 41.11 billion as of June 30, 2022, compared to RMB 38.70 billion at the end of the previous year[160]. - The company's net assets amounted to RMB 202.09 billion, with a debt-to-asset ratio of 29.88% and a return on equity of 5.15%[153]. - The company plans to issue medium-term notes not exceeding RMB 10 billion to optimize its debt structure and reduce financing costs[154]. Shareholder Information - The total number of shareholders at the end of the reporting period was 352,943, with 96 H-share shareholders[132]. - The largest shareholder, Conch Group, held 1,928,870,014 A shares, representing 36.40% of the total shares[133]. - The company did not implement any share buybacks during the reporting period, and thus there were no repurchase accounts among the top ten shareholders[134]. Corporate Governance - The company has a clear governance structure with defined responsibilities among the shareholders' meeting, board of directors, and supervisory board[74]. - The board of directors is responsible for operational decision-making and has implemented resolutions to promote stable development[76]. - The supervisory board effectively supervises the performance of directors and senior management, ensuring legal compliance[75]. Acquisitions and Investments - The company successfully acquired several cement projects, including Chongqing Duoji and Hongji Cement, enhancing its market presence[19]. - The company continues to pursue strategic acquisitions and partnerships to enhance its market position and operational capabilities[55][56]. - The company invested RMB 4.5 billion in Haicui New Energy, raising its registered capital to RMB 5 billion, maintaining 100% ownership[59]. Employee and Compensation - The total number of employees as of the reporting period is 47,014, with total compensation amounting to approximately 4.241 billion yuan[147]. - The company reported a 61.70% decrease in payable employee compensation, primarily due to the payment of last year's bonuses[35]. Challenges and Industry Context - The cement industry faced significant challenges in the first half of 2022, with a 15% year-on-year decline in national cement production, the lowest level in a decade[15]. - The company is committed to enhancing its core competitiveness through technological innovation and green low-carbon development initiatives[17].

2022 年第一季度报告 (一)主要会计数据和财务指标 单位：元 币种：人民币 证券代码：600585 证券简称：海螺水泥 安徽海螺水泥股份有限公司 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、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。 第一季度财务报表是否经审计 □是√否 一、 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|------------|---------------|---------------------------------------| | 项目 | | 本报告期 | 本报告期比上年同期 增减变动幅度 (%) | | 营业 ...

Financial Performance - Operating revenue for Q1 2022 was CNY 25,461,775,046, a decrease of 26.07% compared to the same period in 2021[3] - Net profit attributable to shareholders was CNY 4,925,205,596, down 15.21% year-on-year[3] - Basic and diluted earnings per share were both CNY 0.93, reflecting a 15.21% decrease from the previous year[3] - Total operating revenue for Q1 2022 was RMB 25.46 billion, a decrease of 26.1% from RMB 34.44 billion in Q1 2021[11] - Net profit for Q1 2022 was RMB 5.11 billion, a decrease of 14.1% compared to RMB 5.95 billion in Q1 2021[12] - Comprehensive income attributable to the parent company for Q1 2022 was RMB 4.49 billion, down 21.3% from RMB 5.70 billion in Q1 2021[13] - The company reported an operating profit of RMB 6.43 billion for Q1 2022, a decrease of 15.6% from RMB 7.62 billion in Q1 2021[12] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 42.01%, attributed to a decline in product sales and operating revenue[5] - Cash inflow from operating activities in Q1 2022 was RMB 32.96 billion, a decrease of 22.6% from RMB 42.58 billion in Q1 2021[14] - Total cash and cash equivalents at the end of the period decreased to ¥14,459,973,012 from ¥21,830,581,275, a decline of approximately 34%[15] - Cash flow from operating activities showed a significant decrease, indicating potential challenges in operational efficiency[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 230,996,246,438, a slight increase of 0.21% from the end of 2021[3] - Total current assets as of March 31, 2022, amounted to RMB 116,712,128,968, a decrease from RMB 123,582,649,005 as of December 31, 2021, reflecting a decline of approximately 5.6%[8] - The total non-current assets increased to RMB 114,284,117,470 from RMB 106,932,014,632, indicating a growth of approximately 6.3%[9] - Total liabilities decreased to RMB 34,514,879,140 from RMB 38,688,591,817, a reduction of about 10.3%[10] - The company's total equity attributable to shareholders increased to RMB 188,254,100,232 from RMB 183,685,269,028, reflecting an increase of approximately 2.8%[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 318,700[5] - The largest shareholder, Anhui Conch Group Co., Ltd., held 36.40% of the shares, totaling 1,928,870,014 shares[5] Government Support - The company received government subsidies amounting to CNY 245,107,882 during the reporting period[4] Inventory and Receivables - Inventory levels rose to RMB 10,180,009,307 from RMB 9,895,530,980, marking an increase of about 2.9%[9] - The company's receivables from notes and accounts decreased to RMB 9,381,636,739 from RMB 10,365,834,838, a decline of about 9.5%[8] - The total amount of other receivables increased to RMB 3,735,062,611 from RMB 3,294,233,330, reflecting an increase of approximately 13.4%[8] Borrowings and Financing Activities - The company's long-term borrowings increased to RMB 6,219,398,608 from RMB 3,747,694,525, representing a significant increase of approximately 65.8%[10] - The company reported a decrease in short-term borrowings, with a total of RMB 5,086,455,040 compared to RMB 3,289,753,833, indicating a reduction of approximately 55.5%[9] - Cash inflow from financing activities rose to ¥4,751,219,311 from ¥236,107,713, a substantial increase of over 1900%[15] - Cash paid for financing activities increased to ¥1,576,471,945 from ¥484,037,272, reflecting an increase of approximately 226%[15] Investment Activities - Investment activities generated a net cash flow of -¥8,957,251,062, compared to a positive cash flow of ¥450,034,840 in the previous period[15] - Cash inflow from investment activities totaled ¥5,476,639,349, down from ¥9,895,178,406, indicating a decrease of about 44%[15] - Cash outflow for investment activities increased significantly to ¥14,433,890,411 from ¥9,445,143,566, marking an increase of approximately 53%[15] - The company reported a substantial increase in cash paid for fixed assets, which rose to ¥6,497,119,181 from ¥1,945,143,566, an increase of approximately 234%[15]

Financial Performance - The company's net operating revenue for 2021 was CNY 167,952,664, a decrease of 4.73% compared to CNY 176,294,715 in 2020[15]. - The net profit attributable to shareholders for 2021 was CNY 33,267,069, down 5.38% from CNY 35,158,225 in 2020[17]. - The basic earnings per share for 2021 was CNY 6.28, a decrease from CNY 6.63 in 2020[17]. - The comprehensive diluted return on equity was 18.11%, down from 21.68% in the previous year[17]. - The company's total liabilities were CNY 38,806,828, compared to CNY 33,391,198 in 2020[15]. - The company's operating profit decreased by 6.89% year-on-year to CNY 43.11 billion[45]. - The total sales volume of cement and clinker was 409 million tons, a year-on-year decrease of 9.76%[40]. - The overall cost of cement and clinker increased by 17.78% year-on-year, primarily due to a significant rise in raw coal prices[48]. - The company reported a total of CNY 1,891,874 thousand in non-recurring gains and losses for 2021, compared to CNY 1,987,778 thousand in 2020[21]. Dividends and Shareholder Returns - The company reported a cash dividend of RMB 2.38 per share (including tax) for the 2021 profit distribution plan[2]. - The board proposed a final dividend of RMB 2.38 per share, totaling RMB 1,261,234,000, which represents 37.91% of the net profit attributable to shareholders[96]. - The company executed a cash dividend distribution of RMB 2.12 per share for the previous year, amounting to RMB 11,234,521,467.48[95]. - The company is committed to a cash dividend policy, distributing at least 10% of the annual distributable profit[94]. Governance and Management - The board of directors confirmed the authenticity, accuracy, and completeness of the financial report[2]. - The company has a comprehensive governance structure in place, including a remuneration and nomination committee and an audit committee[6]. - The company maintains complete independence in assets, personnel, finance, and operations from its controlling shareholders and actual controllers[116]. - The governance report indicates that the company adheres to the principles outlined in the corporate governance report of the stock exchange[120]. - The company has established a strong governance framework with a mix of experienced executives and independent directors, ensuring balanced decision-making[132]. - The board's composition includes members with significant experience in finance, law, and corporate strategy, which is crucial for navigating complex market conditions[133][134]. Risks and Challenges - The company faces potential risks in 2022, including policy risks, environmental regulatory risks, energy price fluctuation risks, and international pandemic risks[3]. - The cement industry is expected to face challenges such as declining market demand and high costs, with infrastructure investment providing some support for cement demand[62]. - The company faces risks related to its dependence on the construction industry and potential increases in production costs due to rising coal prices[67]. Strategic Initiatives - The company plans to continue expanding its market presence and invest in new technologies to enhance production efficiency[15]. - The company is focusing on green low-carbon development and has increased investment in safety and environmental protection[29]. - The company plans to achieve a solar power generation capacity of 1 GW in 2022[65]. - The company is committed to green development, increasing environmental protection investments, and optimizing energy structure in line with carbon peak and carbon neutrality policies[66]. Acquisitions and Investments - The company has completed the acquisition of Conch New Energy, which is expected to contribute positively to future earnings[15]. - The company successfully acquired multiple cement projects, including Guangdong Hongfeng and Guizhou New Shuanglong, enhancing its market presence[32]. - The company established a new materials industry investment fund with a total scale of RMB 15 billion, with the company contributing RMB 1.6 billion[93]. Operational Efficiency - The company is committed to enhancing management efficiency through regional management units for subsidiaries[9]. - The company has established over 500 marketing departments in both domestic and international markets, improving its marketing network[28]. - The company has a dedicated audit office responsible for daily internal risk monitoring and compliance with insider information management policies[191]. Employee and Management Structure - The company employed a total of 46,714 staff as of December 31, 2021, including 30,392 production personnel and 1,446 sales personnel[153]. - The total annual remuneration for current directors, supervisors, and senior management amounted to CNY 19,931,534[147]. - The company has a comprehensive training system for employees, focusing on enhancing management skills and professional capabilities[154]. Audit and Compliance - The company has established a controlled management system to continuously identify, assess, and manage significant risks[188]. - The internal control evaluation report for 2021 was approved by the board and disclosed on the relevant stock exchange websites[188]. - The Audit Committee recommended the reappointment of KPMG as the domestic and international auditors for the company[183].