Financial Performance - The company reported a revenue of ¥19,070,225,164.95 in 2023, a decrease of 12.13% compared to ¥21,701,617,268.32 in 2022[24]. - Net profit attributable to shareholders was ¥765,337,842.07, down 71.56% from ¥2,691,262,599.60 in the previous year[24]. - The basic earnings per share decreased to ¥0.35, a decline of 71.54% from ¥1.23 in 2022[25]. - The company’s operating cash flow turned negative at -¥198,131,598.40, compared to a positive cash flow of ¥506,497,694.79 in 2022[24]. - The weighted average return on equity dropped to 3.35%, a decrease of 9.58 percentage points from 12.93% in 2022[25]. - The gross profit margin for the anode materials segment was 11.77%, down 10.36 percentage points from the previous year[88]. - The revenue from the polarizer segment was CNY 10,296,797,445.93, with a gross profit margin of 19.52%, reflecting a decrease of 7.18 percentage points year-on-year[88]. - The company reported a significant increase in other income, which rose by 188.96% to CNY 502,191,965.25 due to increased government subsidies[82]. - The financial expenses decreased by 32.91% to CNY 466,934,452.30, primarily due to lower loan interest rates and reduced exchange losses[83]. - The company experienced a 60.73% reduction in income tax expenses, attributed to two subsidiaries being recognized as high-tech enterprises with a reduced tax rate of 15%[84]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 438,585,378.60 (including tax) based on 2,192,926,893 shares available for distribution[6]. - The company’s cash dividends for the reporting period represent 57.31% of the net profit attributable to ordinary shareholders, amounting to 765,337,842.07 RMB[196]. - The total cash distribution, including share repurchases, is 984,101,512.29 RMB, which is 128.58% of the net profit attributable to ordinary shareholders[196]. - The cash dividend policy stipulates that at least 10% of the annual distributable profit should be distributed as cash dividends, with a minimum of 30% over the last three years[189]. - The cumulative cash dividends distributed over the last three years (2020-2022) amount to 1,772,048,957.70 RMB, which is more than 30% of the average distributable profit for the same period[193]. - The company will retain undistributed profits for future operational needs, as no cash distribution plan was proposed for the current reporting period[195]. Business Strategy and Development - The company has outlined its future development strategies and plans, which are subject to investment risks[8]. - The company is actively pursuing a strategy to divest non-core businesses and low-efficiency assets to improve overall performance[31]. - The company is focusing on a strategy to divest non-core businesses and underperforming assets, which has impacted overall performance[86]. - The company plans to continue focusing on product innovation and enhancing customer relationships to maintain its competitive edge in the market[32]. - The company is expected to benefit from the increasing domestic demand for polarizers as LCD panel production capacity shifts to mainland China, projected to exceed 75% by 2027[65]. - The company aims to enhance its global leadership in large-size polarizers and accelerate R&D in high-end LCD, OLED, and automotive technologies[125]. - The company plans to focus on diverse product matrices in the anode materials sector, targeting high energy density and ultra-fast charging developments[130]. - The company will continue to innovate in new processes and equipment to enhance product performance and cost advantages, including breakthroughs in graphite modification technology[131]. - The company is committed to advancing R&D in polarizers for various applications, including automotive and VR/AR, while also pursuing acquisitions to strengthen its product portfolio[135]. Research and Development - The company has enhanced its R&D capabilities by establishing a global polarizer R&D center and focusing on innovative materials and application technologies[39]. - The total R&D expenditure for the year was CNY 868,297,281.53, accounting for 4.55% of total revenue[97]. - The number of R&D personnel is 402, representing 4.97% of the total workforce[98]. - The company has developed several new anode materials, including high-performance graphite and silicon-based anodes, with some already in mass production[99]. - The company’s silicon-based anode products have achieved significant technological breakthroughs and are recognized by both domestic and international clients, leading to mass supply[56]. Market Position and Competition - The company achieved a 44.55% increase in sales volume for its anode materials in 2023, maintaining a leading market share of 19% in China[32]. - The global production of anode materials reached 1.7621 million tons in 2023, with a year-on-year growth of 20%, and the company's share in China's artificial anode materials production ranked first at 19%[45]. - The company’s market share for large-size polarizers increased from 30% in 2022 to 33% in 2023, maintaining the global leading position[63]. - The company is benefiting from favorable policies promoting the replacement of old equipment and consumer goods, which is expected to boost demand for polarizer materials[49]. - The company maintains a competitive edge through advanced technology and strategic partnerships, ensuring a stable supply chain and high-quality product offerings[53][56]. - The company faces intensified market competition as new entrants and existing players expand capacity in the lithium battery materials sector, potentially leading to structural overcapacity if demand does not meet expectations[141]. Corporate Governance - The company adheres to corporate governance standards, ensuring compliance with relevant laws and regulations, and maintains an independent operational structure from its controlling shareholder[148][150]. - The company has established a transparent performance evaluation and incentive mechanism for its executives, linking compensation to company performance[153]. - The company actively respects and protects the rights of stakeholders, aiming for a balanced approach to interests among shareholders, creditors, employees, and society[154]. - The company has implemented a strict insider information management system to prevent leaks and ensure fair information disclosure[155]. - The company has a robust compensation structure for its directors and senior management, which is reviewed by the remuneration and assessment committee[170]. Leadership and Management Changes - The company reported a significant leadership change with the election of new executives, including Li Zhi Hua as general manager and Li Keqin as CFO[164]. - The company appointed Zheng Ju as the chairman of the board on March 23, 2023, following the passing of the former chairman Zheng Yonggang[164]. - The company has maintained a stable leadership structure with key executives holding their positions since their appointments in 2015 and 2018[167]. - The company has ongoing board elections, with several new appointments including Zhu Zhiyong and Li Kexin as directors, and Li Fengfeng as Vice General Manager[171]. Risk Management - The international trade environment is increasingly unstable due to geopolitical conflicts and trade protectionism, which may hinder the company's overseas market development and customer procurement[144]. - Currency exchange rate fluctuations pose risks to the company's foreign currency assets, necessitating careful monitoring and risk management strategies[145]. - Raw material costs, particularly for petroleum coke and needle coke, significantly impact the cost structure of the lithium battery anode materials, and price fluctuations could adversely affect financial performance[142]. - The company emphasizes the importance of continuous technological innovation to maintain competitiveness amid evolving battery technologies, such as solid-state batteries and new display technologies like OLED and Micro LED[143].

一、 担保情况概述 （一）担保基本情况 2024年4月，为满足下属子公司的日常生产经营融资需求，公司同意为下属 子公司提供如下担保： 关于2024年4月份提供担保的公告 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 ● 被担保人名称及是否为上市公司关联人： 上海杉杉锂电材料科技有限公司下属全资子公司宁波杉杉新材料科技有限公 司、上海杉杉新材料有限公司、福建杉杉科技有限公司。上述被担保人均为 宁波杉杉股份有限公司（下称"公司"）合并报表范围内公司，不属于关联 担保。 证券代码：600884 证券简称：杉杉股份 公告编号：临 2024-031 宁波杉杉股份有限公司 公司于2023年5月10日召开的2022年年度股东大会审议通过了《关于公司 2023年度提供担保全年额度的议案》，同意公司及下属子公司提供以下担保额度 （币种为人民币或等值外币），并在额度范围内授权董事长或其授权代理人签署 具体的担保文件，期限为2022年年度股东大会审议通过之日起至2023年年度股东 ● 本次担保金额及已实际为其提供的担保金额：本次提供 ...

关于宁波杉杉股份有限公司 2023 年度非经常性损益 会计差错专项说明的鉴证报告 您可使用手机"扫一扫"或进入"注册会计师行业统一监管半台（http://acc.mof.gov.cn）"进行查导 报告! 关于宁波杉杉股份有限公司 2023 年度非经常性损益 会计差错专项说明的鉴证报告 信会师报字[2024]第 ZA12890 号 宁波杉杉股份有限公司全体股东: 我们接受委托,审计了宁波杉杉股份有限公司(以下简称杉杉股 份)财务报表,包括2023年12月31日的合并及母公司资产负债表, 2023 年度的合并及母公司利润表、合并及母公司现金流量表、合并 及母公司所有者权益变动表以及相关财务报表附注。根据《公开发行 证券的公司信息披露编报规则第 19 号 -- 财务信息的更正及相关披 露》的相关规定,就杉杉股份编制的《关于宁波杉杉股份有限公司 2023 年度非经常性损益会计差错专项说明》(以下简称"专项说明") 出具鉴证报告。 一、管理层的责任 杉杉股份管理层的责任是提供真实、合法、完整的相关资料,按 照《企业会计准则 第28号 -- 会计政策、会计估计变更和差错更正》 和《公开发行证券的公司信息披露编报规则第 1 ...

证券代码：600884 证券简称：杉杉股份 编号：临2024-030 宁波杉杉股份有限公司 第十一届监事会第八次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 （一）宁波杉杉股份有限公司（下称"公司"）第十一届监事会第八次会议 的召开符合《中华人民共和国公司法》《宁波杉杉股份有限公司章程》及有关法 律法规的相关规定。 （二）本次监事会会议于2024年4月30日以书面形式发出会议通知。 （三）本次监事会会议于2024年5月7日以通讯表决方式召开。 （四）本次监事会会议由公司监事会召集人主持，应出席监事3名，实际出 席会议监事3名，无缺席会议的监事。 关于2023年年度报告会计差错更正的议案。 （详见上海证券交易所网站） （3 票同意，0 票反对，0 票弃权） 与会监事认为：公司本次会计差错更正事项符合《企业会计准则第 28 号— 会计政策、会计估计变更和差错更正》、中国证券监督管理委员会关于《公开发 行证券的公司信息披露编报规则第 19 号—财务信息的更正及相关披露》的相关 规定，能够更加客 ...

证券代码：600884 证券简称：杉杉股份 公告编号：临 2024-028 宁波杉杉股份有限公司 关于股份回购比例达 1%、股份回购实施结果暨股份变动公告 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： | 回购方案首次披露日 | 2024/2/5 | | --- | --- | | 回购方案实施期限 | 自董事会审议通过回购股份方案之日起不超过 3 个月 | | 预计回购金额 | 25,000 万元~50,000 万元 | | 回购价格上限 | 18.60 元/股 | | 回购用途 | 为维护公司价值及股东权益 | | 实际回购股数 | 23,482,339 股 | | 实际回购股数占总股本比例 | 1.04% | | 实际回购金额 | 25,424.96 万元 | | 实际回购价格区间 | 9.47 元/股~12.01 元/股 | （三）本次股份回购实施过程中，公司严格按照《上市公司股份回购规则》《上 海证券交易所上市公司自律监管指引第 7 号——回购股份（2023 年 12 月修订）》 等有关规定及公司董 ...

Investment Rating - The report maintains a "Recommended" rating for the company [2][5]. Core Views - The company experienced a decline in revenue and net profit in 2023, with revenue at 19.07 billion yuan, down 12.13% year-on-year, and net profit at 0.765 billion yuan, down 71.56% year-on-year [1][2]. - In Q1 2024, the company reported revenue of 3.752 billion yuan, a decrease of 15.67% year-on-year, and a net loss of 0.073 billion yuan, a significant decline compared to the previous year [1]. - The company solidified its leading position in the anode materials sector, achieving a 19% market share in China, with a 44.55% increase in sales volume [1][2]. - The company is advancing its polarizer technology and plans to acquire LG Chem's SP business for 1.407 billion yuan to enhance its product offerings [1][2]. - Revenue projections for 2024-2026 are 21.575 billion yuan, 23.355 billion yuan, and 26.144 billion yuan, with expected net profits of 1.231 billion yuan, 1.591 billion yuan, and 1.834 billion yuan respectively [1][2]. Summary by Sections Financial Performance - In 2023, the company reported total revenue of 19.07 billion yuan and a net profit of 0.765 billion yuan, with significant declines in both metrics compared to the previous year [1][2]. - Q1 2024 results showed a revenue of 3.752 billion yuan and a net loss of 0.073 billion yuan, indicating a substantial year-on-year decline [1]. Market Position - The company holds a 19% market share in the domestic anode materials market, with a notable 44.55% increase in sales volume in 2023 [1][2]. - The company has established a comprehensive production capacity of 700,000 tons domestically and plans for 100,000 tons overseas [1]. Technological Advancements - The company has filed over 1,000 patents related to LCD polarizers, with 1,149 patents granted, including 1,067 invention patents [1]. - A significant breakthrough in polarizer technology was achieved, enabling mass production of large-size polarizers for high-definition displays [1]. Future Outlook - Revenue forecasts for 2024-2026 indicate growth rates of 13.1%, 8.2%, and 11.9% respectively, with net profit growth rates of 60.8%, 29.3%, and 15.3% [1][2]. - The current closing price corresponds to a PE ratio of 20, 16, and 14 for the years 2024-2026 [2].

Revenue and Profit Performance - Revenue for the first quarter of 2024 was 3.75 billion yuan, a decrease of 15.67% compared to the same period last year[4] - Total revenue for Q1 2024 reached RMB 18.85 billion, a slight decrease from RMB 19.13 billion in Q4 2023[15] - Total operating revenue for Q1 2024 was 3.75 billion CNY, a decrease of 15.68% compared to 4.45 billion CNY in Q1 2023[18] - Net profit attributable to shareholders of the listed company was -73.28 million yuan, a decrease of 112.80% year-on-year[4] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -73.35 million yuan, a decrease of 144.07% year-on-year[4] - Net profit for Q1 2024 was a loss of 59.58 million CNY, compared to a profit of 831.55 million CNY in Q1 2023[18] - Net profit attributable to parent company shareholders was -73.28 million yuan, compared to 572.60 million yuan in the same period last year[19] - Comprehensive income attributable to parent company shareholders was 276.87 million yuan, compared to 729.99 million yuan in the same period last year[19] - Basic earnings per share were -0.033 yuan, a decrease of 111.41% compared to the same period last year[8] - Diluted earnings per share were -0.033 yuan, a decrease of 111.41% compared to the same period last year[8] - Basic earnings per share were -0.033 yuan, compared to 0.293 yuan in the same period last year[19] Assets and Liabilities - Total assets at the end of the reporting period were 49.63 billion yuan, an increase of 2.37% compared to the end of the previous year[5] - Equity attributable to shareholders of the listed company was 22.77 billion yuan, an increase of 0.42% compared to the end of the previous year[5] - Total assets increased to 49.63 billion CNY from 48.47 billion CNY in the previous quarter, reflecting a growth of 2.39%[16][17] - Long-term equity investments remained stable at 7.10 billion CNY, showing a slight increase of 0.43% compared to the previous quarter[16] - Fixed assets decreased slightly to 10.76 billion CNY from 10.92 billion CNY, a reduction of 1.45%[16] - Construction in progress increased significantly to 6.66 billion CNY from 5.58 billion CNY, a growth of 19.25%[16] - Total liabilities increased to 25.96 billion CNY from 24.88 billion CNY, a growth of 4.31%[17] - Shareholders' equity slightly increased to 23.67 billion CNY from 23.59 billion CNY, a growth of 0.33%[17] Cash Flow and Operating Activities - The net cash flow from operating activities was 324.46 million yuan, mainly due to increased sales receipts from the negative electrode business and reduced cash outflows from purchasing inventory and prepayments using bills[7] - Cash received from sales of goods and services was 4.47 billion yuan, an increase from 4.11 billion yuan in the same period last year[20] - Net cash flow from operating activities was 324.46 million yuan, compared to -1.33 billion yuan in the same period last year[20] - Net cash flow from investing activities was -907.63 million yuan, compared to -2.07 billion yuan in the same period last year[21] - Net cash flow from financing activities was 1.36 billion yuan, compared to 2.76 billion yuan in the same period last year[21] - Cash and cash equivalents at the end of the period were 4.80 billion yuan, compared to 3.27 billion yuan at the end of the same period last year[21] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets was 741.71 million yuan, a decrease from 1.66 billion yuan in the same period last year[21] - Cash and cash equivalents increased to RMB 5.61 billion, up from RMB 4.86 billion at the end of 2023[15] Shareholder and Equity Information - The company's total number of ordinary shareholders at the end of the reporting period was 172,805[9] - The company repurchased 65.3 million shares, representing 2.89% of total shares outstanding[10] - Citibank, National Association holds 6.12 million shares as the GDR depository, with 1.22 million GDRs outstanding[10] - The top 10 shareholders collectively hold approximately 232.88 million shares, representing 10.3% of total shares outstanding[10] - The company's largest shareholder, Shanshan Group, holds 782.22 million shares, with 688.14 million shares pledged[10] - The China Construction Bank-ICBC New Energy Vehicle Index Fund increased its holdings to 6.18 million shares, up from 4.72 million shares[12] - The Agricultural Bank of China-CSOP 500 ETF reduced its holdings to 12.81 million shares from 13.63 million shares in the previous quarter[12] Operating Costs and R&D Expenses - Operating costs for Q1 2024 were 3.84 billion CNY, a decrease of 8.98% from 4.22 billion CNY in Q1 2023[18] - R&D expenses increased to 204.42 million CNY in Q1 2024, up 20.09% from 170.22 million CNY in Q1 2023[18] Inventory and Accounts Receivable - Accounts receivable decreased to RMB 4.34 billion from RMB 4.66 billion in the previous quarter[15] - Inventory levels remained stable at RMB 5.30 billion, compared to RMB 5.36 billion at the end of 2023[15] Other Comprehensive Income - Other comprehensive income after tax was 350.17 million yuan, compared to 157.40 million yuan in the same period last year[19] Reasons for Profit Decline - The decrease in net profit was mainly due to the decline in product prices of the negative electrode and polarizer businesses, as well as the impact of the transfer of equity in Xinya Shanshan New Materials Technology (Quzhou) Co., Ltd. in the same period last year[7]

2023 年第三季度报告 单位：元 币种：人民币 证券代码：600884 证券简称：杉杉股份 宁波杉杉股份有限公司 2023 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 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------------------|-------------------|----------------------------- ...

Financial Performance - Revenue for the first half of 2023 decreased by 12.11% to RMB 9,467,775,923.82 compared to the same period last year[18] - Net profit attributable to shareholders of the listed company dropped by 39.01% to RMB 1,013,091,536.67 year-on-year[18] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 58.62% to RMB 587,813,365.37[18] - Operating cash flow turned negative, with a net outflow of RMB 1,464,124,850.13, a decrease of 193.83% compared to the same period last year[18] - Basic earnings per share decreased by 29.96% to RMB 0.542[19] - Diluted earnings per share also decreased by 29.96% to RMB 0.542[19] - Weighted average return on equity (ROE) decreased by 4.079 percentage points to 4.340%[19] - Return on equity after deducting non-recurring gains and losses decreased by 4.681 percentage points to 2.518%[19] - The company achieved a revenue of 9,467.7759 million yuan in the first half of 2023, a year-on-year decrease of 12.11%, and a net profit attributable to shareholders of 1,013.0915 million yuan, a year-on-year decrease of 39.01%[47] - Total operating income for the reporting period was 9,467.78 million yuan, a year-on-year decrease of 12.11%[57] - Net profit attributable to shareholders of the parent company was 1,013.09 million yuan, a year-on-year decrease of 39.01%[57] - Net profit attributable to parent company shareholders decreased to 1,013,091,536.67 RMB in H1 2023 from 1,661,149,050.47 RMB in H1 2022, a decline of 39%[137] - Basic earnings per share dropped to 0.542 RMB in H1 2023 from 0.774 RMB in H1 2022[137] - Comprehensive income totaled 1,151,052,827.78 RMB in H1 2023, down from 1,740,436,679.35 RMB in H1 2022[137] - Sales revenue from goods and services in 2023 H1 decreased to RMB 8,059,700,800.33, down 13.3% compared to RMB 9,295,922,303.60 in 2022 H1[140] - Net cash flow from operating activities in 2023 H1 was negative RMB 1,464,124,850.13, a significant decline from positive RMB 1,560,449,276.28 in 2022 H1[140] - Cash outflow for purchasing goods and services increased to RMB 8,137,001,872.27 in 2023 H1, up 19.8% from RMB 6,792,585,869.74 in 2022 H1[140] - Net cash flow from investing activities improved slightly to negative RMB 3,604,210,851.32 in 2023 H1, compared to negative RMB 3,858,715,569.46 in 2022 H1[141] - Cash inflow from financing activities increased to RMB 8,756,040,674.05 in 2023 H1, up 11.3% from RMB 7,866,362,795.11 in 2022 H1[141] - Net cash flow from financing activities turned positive at RMB 4,599,271,044.86 in 2023 H1, a significant improvement from negative RMB 1,708,344,209.76 in 2022 H1[141] - Cash and cash equivalents decreased by RMB 478,359,696.03 in 2023 H1, compared to a larger decrease of RMB 3,989,821,867.84 in 2022 H1[141] - Parent company's operating cash flow turned negative at RMB -85,415,304.73 in 2023 H1, down from positive RMB 30,823,207.29 in 2022 H1[142] - Parent company's investment cash outflow decreased to RMB 1,195,624,739.85 in 2023 H1, down 37.3% from RMB 1,907,571,505.50 in 2022 H1[142] - Parent company's financing cash inflow decreased to RMB 1,946,000,000.00 in 2023 H1, down 50.2% from RMB 3,908,089,216.00 in 2022 H1[142] Business Operations - The company is a global leader in high-tech industries, focusing on the development of anode materials and polarizer businesses, and aims to become a global leader in these two niche markets[21] - The company's anode materials business includes products such as artificial graphite, natural graphite, silicon-based anode, and hard carbon, primarily used in new energy vehicles, consumer electronics, and energy storage industries[22] - In 2023 H1, the company's artificial graphite production accounted for the largest share in the industry, maintaining its leading position[27] - The company's polarizer business includes R&D, production, and sales of polarizers, which are core optical film materials for display panels, widely used in TVs, monitors, laptops, tablets, smartphones, and commercial displays[30] - The company's sales model involves collaboration between sales, R&D, quality, and technical support departments, forming a customer-focused approach to provide high-cost-performance products and services[26] - The company's production model follows a make-to-order principle, with monthly production planning based on sales forecasts and flexible production adjustments to meet market demand[25] - The company's procurement model combines centralized and decentralized approaches, ensuring efficient supply chain management and strategic partnerships with key suppliers[24] - Polarizer shipment area market share ranked first globally in the TFT-LCD polarizer market in the first half of 2023[33] - The company has completed a strategic layout of approximately 700,000 tons of graphite-based anode material capacity, including 100,000 tons (already in production), 200,000 tons, and 300,000 tons in Inner Mongolia, Sichuan, and Yunnan respectively[40] - The company is constructing a 4,000-ton silicon-based anode production base in Ningbo, with the first phase expected to start trial production in early 2024[41] - The company has 245 authorized patents for anode materials, including 4 international patents, 189 domestic invention patents, and 52 utility model patents as of June 30, 2023[38] - The company has achieved batch supply of 4C fast-charging products for power batteries and is supplying leading power battery companies with third-generation liquid-phase coating technology products[38] - The company's silicon-oxygen anode products have achieved large-scale applications in consumer electronics and power markets, with second-generation silicon-oxygen anode products already supplied to overseas leading customers[38] - The company is building a thousand-ton-level hard carbon production line, expected to start trial production in Q3 2023[38] - The company has established long-term stable cooperative relationships with global mainstream lithium battery manufacturers including CATL, LGES, ATL, BYD, and others[39] - The negative electrode material business generated a revenue of 3,160.7824 million yuan, a year-on-year decrease of 9.69%, with a net profit of 430.9116 million yuan, a year-on-year increase of 1.03%[48] - The company has applied for over 1,000 LCD polarizer-related patents globally, with 1,017 patents authorized, including 944 invention patents[44] - The company operates 5 ultra-wide front-end production lines, including a 2600mm ultra-wide production line, the largest in the world, capable of mass-producing polarizers for screens over 115 inches[45] - The company has installed over 20 RTP production lines globally, enhancing production efficiency and product yield[45] - The company's fast-charging products have achieved mass production of 5C products and sample verification of 6C products, with 4C products rapidly growing in shipments[49] - The company's silicon-based negative electrode products have achieved technological breakthroughs and are being supplied in bulk to overseas customers[49] - The company has established strategic partnerships with leading domestic raw material suppliers to ensure stable and secure supply of raw materials[42] - The company has developed and is promoting VR display polarizers and automotive polarizers, with VR polarizers undergoing customer certification and mass production[43] - The company has released three group standards for polarizers, contributing to the standardization and high-quality development of the polarizer industry[43] - The company's anode material business achieved significant sales growth with major head clients in the first half of 2023, further increasing client concentration[51] - Polarizer business revenue in the first half of 2023 was 5,306.06 million yuan, a year-on-year decrease of 7.36%, with net profit attributable to shareholders of 606.89 million yuan, down 24.12%[52] - The company achieved mass production of several high-end LCD polarizers for TV, IT, and mobile applications, maintaining a leading position in large-size TV polarizers[53] - The company completed the development of VR display polarizers and is actively promoting customer certification and mass production[53] Market and Industry Trends - In 2023 H1, China's power lithium battery shipments reached 270GWh, a 33% YoY increase, while energy storage lithium battery shipments reached 87GWh, a 67% YoY increase, driving demand for lithium battery materials[27] - Global lithium battery anode material shipments in 2023 H1 were 748,000 tons, a 17.4% YoY increase, with China's global market share further rising to 97%[27] - Global and China mainland TFT-LCD panel production line utilization rates increased to 82% and 86% respectively in Q2 2023, up 3 percentage points year-on-year and 13 percentage points quarter-on-quarter[33] - TV panel average shipment size reached 47.8 inches in the first half of 2023, up 2.2 inches year-on-year and 1.6 inches quarter-on-quarter[35] Financial Position and Assets - Total assets increased by 5.03% to RMB 47,186,207,292.63 compared to the end of the previous year[18] - Total assets increased to 47.19 billion yuan as of June 30, 2023, compared to 44.93 billion yuan at the end of 2022[131][133] - Total liabilities rose to 22.96 billion yuan from 20.80 billion yuan over the same period[133] - Current assets decreased slightly to 19.21 billion yuan from 19.24 billion yuan[131] - Non-current assets grew to 27.98 billion yuan from 25.98 billion yuan[131] - Long-term loans increased significantly to 5.99 billion yuan from 4.18 billion yuan[133] - Inventory rose to 5.59 billion yuan from 5.03 billion yuan[131] - Accounts receivable decreased to 4.52 billion yuan from 4.69 billion yuan[131] - Construction in progress expanded to 7.32 billion yuan from 4.95 billion yuan[132] - Short-term borrowings increased to 4.79 billion yuan from 3.93 billion yuan[133] - Retained earnings grew to 12.37 billion yuan from 12.03 billion yuan[133] - Total assets as of June 30, 2023, were 21.28 billion, a slight decrease from 21.91 billion at the end of 2022[134] - Total liabilities as of June 30, 2023, were 8.86 billion, compared to 8.62 billion at the end of 2022[135] - Short-term borrowings as of June 30, 2023, were 1.65 billion, an increase from 1.10 billion at the end of 2022[134] - Long-term borrowings as of June 30, 2023, were 2.89 billion, a slight decrease from 2.96 billion at the end of 2022[135] - Other receivables as of June 30, 2023, were 6.98 billion, an increase from 6.53 billion at the end of 2022[134] - Accounts receivable financing increased by 68.17% to 861.47 million yuan, mainly due to the settlement method of the negative electrode business being primarily through bills[62] - Other receivables surged by 162.82% to 1.31 billion yuan, primarily due to loans formed before the divestment of Shanshan Photovoltaic and its subsidiaries[62] - Assets held for sale decreased by 86.58% to 176.68 million yuan, mainly due to the completion of the 51% equity sale of Quzhou Shanshan in February 2023[62] - Construction in progress rose by 47.88% to 7.32 billion yuan, driven by new investments in expansion projects for negative electrode and polarizer businesses[62] - Long-term loans increased by 43.53% to 5.99 billion yuan, mainly used for new capacity projects in polarizer and negative electrode businesses[62] - Overseas assets totaled 298.98 million yuan, accounting for 0.63% of total assets[63] - Total external equity investment in the reporting period was 2.13 billion yuan, a decrease of 46.74% year-on-year[65] - Major non-equity investments include the 8 billion yuan lithium-ion battery negative material integrated base project in Meishan, Sichuan, with 36.98% of the total investment completed[67] - The fair value of other equity instrument investments increased by 106.63 million yuan to 856.05 million yuan[69] - Total financial assets measured at fair value reached 1.92 billion yuan, with a net increase of 455.85 million yuan during the reporting period[69] - DEFI TECHNOLOGIES INC's initial investment cost was 9,155,041.01 RMB, with a current book value of 131,483.77 RMB, reflecting a significant decline in fair value[70] - ARDEA RESOURCES LTD's book value decreased from 4,043,079.93 RMB to 2,046,861.35 RMB, with a fair value loss of 1,996,218.58 RMB[70] - Morella Corporation Limited's initial investment cost was 225,883,583.93 RMB, with a current book value of 17,329,383.25 RMB, indicating a substantial fair value loss[70] - Luoyang Molybdenum's book value increased from 682,500,000.00 RMB to 799,500,000.00 RMB, with a fair value gain of 117,000,000.00 RMB[70] Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 191,366[120] - The largest shareholder, Shanshan Group Co., Ltd., holds 782,222,036 shares, accounting for 34.55% of the total shares[121] - The second-largest shareholder, Ningbo Pengze Trading Co., Ltd., holds 205,264,756 shares, accounting for 9.07% of the total shares[121] - The third-largest shareholder, Ningbo Yinzhou Jielun Investment Co., Ltd., holds 77,873,254 shares, accounting for 3.44% of the total shares[121] - The fourth-largest shareholder, Shanshan Holdings Co., Ltd., holds 72,212,189 shares, accounting for 3.19% of the total shares[121] - The fifth-largest shareholder, Tianan Property Insurance Co., Ltd., holds 54,450,098 shares, accounting for 2.41% of the total shares[121] - The total number of GDRs outstanding as of the reporting period is 1,223,312[123] - Shanshan Group holds 782,222,036 shares, with 553,043,870 shares pledged[122] - The top 10 shareholders with restricted shares include Shanshan Group with 205,264,756 shares, which will be tradable after 2024-12-31[124] - The company plans to repurchase and cancel 4,980,725 restricted shares due to unmet performance targets or departure of incentive recipients[125] - Citibank, National Association holds 6,116,560 shares as the GDR depository[122] - The top 10 shareholders include Hong Kong Securities Clearing Company with 54,389,584 shares[122] - The company's restricted shares are subject to a lock-up period of 36 months from the issuance date[124] - The company's GDR depository, Citibank, National Association, holds shares on behalf of GDR holders[123] - The company's restricted shares are part of the 2022 equity incentive plan, with lock-up periods of 12, 24, 36, and 48 months[124] - The company's restricted shares include those held by key executives and core technical personnel[125] Environmental and Social Responsibility - The company's chemical oxygen demand (COD) emission concentration is 299.2 mg/L, with a total emission of 162.75 t/a, against a permitted total of 705.674 t/a[91] - Ammonia nitrogen emission concentration is 0.56 mg/L, with a total emission of 0.347 t/a, against a permitted total of 3.347 t/a[91] - Total phosphorus emission concentration is 0.21 mg/L, with a total emission of 0.122 t/a, against a permitted total of 0.621 t/a[91] - Total nitrogen emission concentration is 7.9 mg/L, with a total emission of 4.734 t/a[91] - Suspended solids emission concentration is 51 mg/L, with a total emission of 31.859 t/a, against a permitted total of 564.297 t/a[91] - VOCs emission concentration is 6.27 mg/m³, with a total emission of 10.9 t/a, against a permitted total of 99.4785 t/a[91] - Particulate matter emission concentration is 2.4 mg/m³, with a total emission of 1.25 t/a, against a permitted total of 3.446 t/a[91] - BOD5 emission concentration is 175 mg/L, with a total emission of 95.69 t/a[92] - Total phosphorus emission concentration is 0.12 mg/L, with a total emission of

2023 年第一季度报告 单位：元 币种：人民币 证券代码：600884 证券简称：杉杉股份 宁波杉杉股份有限公司 2023 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 | 本报告期比上年同期 增减变动幅度 (%) | | 营业收入 | 4,449,437,921.75 | - ...