证券代码：600884 证券简称：杉杉股份 公告编号：临 2023-062 宁波杉杉股份有限公司 关于增加回购股份资金总额暨调整回购股份方案的公告 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： 本次调整回购公司股份方案的具体内容：将回购资金总额由不低于人民 币 3 亿元（含）且不超过人民币 5 亿元（含）调整为不低于人民币 5 亿元（含） 且不超过人民币 8 亿元（含）。 除上述增加回购股份资金总额以外，本次回购公司股份方案的其他内容 未发生变化。 月 29 日召开的第十一届董事会第三次会议以全票同意的表决结果，审议通过了 《关于增加回购股份资金总额暨调整回购股份方案的议案》，公司独立董事发表 了同意的独立意见，根据《宁波杉杉股份有限公司章程》（下称"《公司章程》"） 的相关规定，本次调整回购股份方案事项已经三分之二以上董事出席的董事会会 议决议通过，无需提交公司股东大会审议。具体情况公告如下： 一、本次回购股份的基本情况及进展 公司于2022年12月26日召开的第十届董事会第三十八次会议，审议通过了 《关于 ...

证券代码：600884 证券简称：杉杉股份 公告编号：临 2023-063 投资者可于 2023 年 9 月 1 日(星期五)至 2023 年 9 月 7 日(星期四)16:0 0 前登录上证路演中心网站首页点击"提问预征集"栏目或通过宁波杉杉股份有 限公司（下称"公司"）邮箱 ssgf@shanshan.com 进行提问。公司将在信息披露 允许的范围内，于说明会上对投资者普遍关注的问题进行回答。 公司已于 2023 年 8 月 30 日发布公司 2023 年半年度报告，为便于广大投资 者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 9 月 8 日下午 15:00-16:00 举行 2023 年半年度业绩说明会，就投资者关心的 问题进行交流。 一、说明会类型 本次投资者说明会以视频录播结合网络互动形式召开，公司将针对 2023 年 半年度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息 披露允许的范围内就投资者普遍关注的问题进行回答。 宁波杉杉股份有限公司 关于召开 2023 年半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 ...

证券代码：600884 证券简称：杉杉股份 公告编号：临 2023-060 宁波杉杉股份有限公司 关于控股股东办理非公开发行可交换 公司债券股份补充质押的公告 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: 杉杉集团有限公司（下称"杉杉集团"）持有宁波杉杉股份有限公司（下 称"公司"）股份 782,222,036 股,占公司总股本的 34.55%。本次股份质押前， 杉杉集团持有公司股份累计质押数量 553,043,870 股，占其持有公司股份总数的 70.70%，占公司总股本的 24.43%。本次股份质押后，杉杉集团持有公司股份累 计质押数量（含本次）566,043,870 股，占其持有公司股份总数的 72.36%，占公 司总股本的 25.00%。 近日，公司收到杉杉集团通知，根据"22 杉 EB2""22 杉 EB3"和"22 杉 EB4"债券发行相关约定并结合其目前的担保情况，杉杉集团拟将其持有的本公 司 300 万股、600 万股和 400 万股无限售流通股补充质押给其债券受托管理人， 并办理相应的质押登 ...

宁波杉杉股份有限公司 关于控股股东拟办理非公开发行可交换 公司债券股份补充质押的公告 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: 杉杉集团有限公司（下称"杉杉集团"）持有宁波杉杉股份有限公司（下 称"公司"）股份 782,222,036 股,占公司总股本的 34.55%。本次股份质押前， 杉杉集团持有公司股份累计质押数量 553,043,870 股，占其持有公司股份总数的 70.70%，占公司总股本的 24.43%。本次股份质押后，杉杉集团持有公司股份累 计质押数量（含本次）566,043,870 股，占其持有公司股份总数的 72.36%，占公 司总股本的 25.00%。 根据《杉杉集团有限公司 2022 年面向专业投资者非公开发行可交换公司债 券（第二期）募集说明书》《杉杉集团有限公司 2022 年面向专业投资者非公开 发行可交换公司债券（第三期）募集说明书》和《杉杉集团有限公司 2022 年面 向专业投资者非公开发行可交换公司债券（第四期）募集说明书》相关约定，杉 杉集团已分别将其持有的本公司 7,98 ...

Financial Performance - The company's operating revenue for Q1 2023 was RMB 4,449,437,921.75, a decrease of 11.53% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 572,600,345.88, down 29.05% year-on-year[4] - The net profit after deducting non-recurring gains and losses was RMB 166,438,166.31, reflecting a significant decline of 72.94%[4] - The weighted average return on net assets was 2.433%, a decrease of 1.742 percentage points[4] - The company reported a significant decline in net profit from its core business due to increased market competition and reduced profitability in the lithium battery materials sector[7] - Total operating revenue for Q1 2023 was CNY 4,449,437,921.75, a decrease of 11.5% compared to CNY 5,029,500,864.87 in Q1 2022[14] - Net profit for Q1 2023 was CNY 593,574,808.82, a decline of 29.1% from CNY 836,471,026.90 in Q1 2022[15] - Total comprehensive income for Q1 2023 was CNY 750,970,568.44, compared to CNY 835,149,817.14 in Q1 2022[15] Cash Flow - The net cash flow from operating activities was negative RMB 1,325,600,692.98, a decrease of 1,334.73% compared to the previous year[4] - Cash flow from operating activities for Q1 2023 was negative CNY 1,325,600,692.98, compared to positive CNY 107,359,328.32 in Q1 2022[17] - The net cash flow from investment activities for Q1 2023 was -2,067,402,899.67, an improvement from -2,511,728,814.08 in Q1 2022, indicating a reduction in cash outflow by approximately 17.7%[18] - Cash inflow from financing activities totaled 4,779,766,955.17 in Q1 2023, up from 4,258,803,703.76 in Q1 2022, representing an increase of about 12.2%[18] - The net cash flow from financing activities improved significantly to 2,761,440,415.39 in Q1 2023, compared to -1,647,805,927.47 in Q1 2022, marking a turnaround of over 267%[18] - The total cash and cash equivalents at the end of Q1 2023 were 3,270,506,117.15, down from 4,631,671,119.93 in Q1 2022, reflecting a decrease of approximately 29.4%[18] - The cash outflow from financing activities decreased to 2,018,326,539.78 in Q1 2023, compared to 5,906,609,631.23 in Q1 2022, a reduction of about 65.8%[18] - The company experienced a net decrease in cash and cash equivalents of -640,671,843.03 in Q1 2023, an improvement from -4,047,110,971.68 in Q1 2022, showing a reduction in cash depletion by about 84.2%[18] Assets and Liabilities - Total assets at the end of Q1 2023 reached RMB 46,884,343,539.90, an increase of 4.36% from the end of the previous year[5] - Current assets decreased to ¥18.66 billion from ¥18.94 billion, a decline of about 1.5%[11] - Non-current assets rose to ¥28.23 billion from ¥25.98 billion, marking an increase of approximately 8.7%[12] - Total liabilities increased to ¥22.35 billion from ¥20.80 billion, an increase of about 7.5%[13] - Long-term borrowings rose to ¥6.30 billion from ¥4.18 billion, indicating a growth of approximately 50.7%[13] - The company's equity attributable to shareholders was RMB 23,563,404,503.44, up 2.21% from the previous year-end[5] - The company's equity attributable to shareholders increased to ¥23.56 billion from ¥23.05 billion, a growth of about 2.2%[13] Other Financial Metrics - Non-recurring gains and losses totaled RMB 406,162,179.57, primarily from the sale of equity in a subsidiary[6] - Research and development expenses for Q1 2023 were CNY 170,218,858.78, slightly down from CNY 174,788,511.01 in Q1 2022[14] - Other income for Q1 2023 increased significantly to CNY 162,391,594.03 from CNY 10,177,584.00 in Q1 2022[14] - Investment income for Q1 2023 was CNY 431,496,389.75, up from CNY 339,201,995.15 in Q1 2022[14] - Cash inflow from investment activities for Q1 2023 was CNY 386,936,283.55, an increase from CNY 282,277,714.13 in Q1 2022[17] - The cash flow from investment activities was significantly lower in Q1 2023, with total cash outflow of 2,454,339,183.22 compared to 2,794,006,528.21 in Q1 2022, indicating a decrease of approximately 12.1%[18] - The cash received from borrowings increased to 4,523,411,928.98 in Q1 2023, compared to 3,984,313,323.51 in Q1 2022, representing an increase of approximately 13.6%[18] - The cash paid for debt repayment in Q1 2023 was 1,297,019,225.37, a significant decrease from 4,492,808,510.75 in Q1 2022, reflecting a reduction of about 71.1%[18] Shareholder Information - As of March 31, 2023, the total number of ordinary shareholders was 207,564, with the largest shareholder holding 34.55% of the shares[8]

Financial Performance - The company achieved operating revenue of CNY 21,701,617,268.32 in 2022, representing a year-on-year increase of 4.84%[25]. - The net profit attributable to shareholders was CNY 2,691,262,599.60, a decrease of 19.42% compared to the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,328,894,845.78, an increase of 23.53% year-on-year[25]. - The company's total assets reached CNY 44,925,491,219.31 at the end of 2022, reflecting an 11.51% increase from the previous year[25]. - The weighted average return on equity decreased to 12.93%, down 10.82 percentage points from the previous year[26]. - The company’s cash flow from operating activities was CNY 506,497,694.79, a notable recovery from a negative cash flow in the previous year[25]. - The company’s net assets attributable to shareholders increased by 21.79% to CNY 23,053,341,900.80 by the end of 2022[25]. - The company reported a significant increase in shipment volume for its anode materials, driven by the booming demand in the new energy vehicle and energy storage markets[33]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 671,354,367.30 (including tax) based on 2,237,847,891 shares available for distribution[5]. - As of December 31, 2022, the company's distributable profit was RMB 3,450,687,783.57[5]. - The company has no plans for capital reserve conversion into share capital for the year 2022[5]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[7]. - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[10]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity and completeness of the annual report[9]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[8]. Research and Development - The company has made significant progress in R&D, with over 30 new patents registered and new products such as OLED polarizers undergoing customer certification[42]. - The company’s R&D expenses increased by 33.11% to CNY 952.57 million, reflecting a focus on enhancing product innovation in the polarizer business[91]. - The company holds over 1,000 technology patents and has more than 20 years of experience in the polarizer field, establishing itself as a global leader in this sector[70]. - The company is in the product certification phase for POLED polarizer development, aiming to enrich product applications[113]. Market Position and Strategy - The company aims to become a global leader in both lithium battery anode materials and polarizer markets, leveraging over 20 years of experience in lithium battery materials[55]. - The company plans to expand its silicon-based anode capacity in Ningbo, with a planned capacity of 40,000 tons, and the first phase of 10,000 tons is under construction, expected to start trial production in early 2024[37]. - The company has established strategic partnerships with major global lithium battery manufacturers, with the sales proportion from the top ten customers further increasing[62]. - The company is accelerating the construction of integrated production bases in Sichuan and Yunnan to enhance its graphite self-sufficiency rate and reduce outsourcing[63]. Production and Capacity - The company has completed a capacity layout of approximately 700,000 tons of anode materials by the end of 2022, with 200,000 tons already in production[62]. - The company is actively constructing new production lines for polarizers, with one line in Guangzhou already in mass production and others in various stages of construction and certification[44]. - The company has achieved mass production of long-cycle products (340/350) in the energy storage sector and is accelerating the development of third and fourth generation silicon-based anode materials[155]. Corporate Governance - The company held six shareholder meetings during the reporting period, ensuring compliance with the Company Law and Articles of Association[175]. - The company maintains a "three separations and two independents" approach with its controlling shareholder, ensuring independent operations of the board, supervisory board, and management[176]. - The board of directors strictly adheres to legal and regulatory requirements, with a well-defined structure and responsibilities[177]. - The supervisory board effectively monitors the company's operations and financial status, ensuring compliance and protecting shareholder rights[178]. Shareholder and Management Changes - The company reported the resignation of former chairman Zheng Yonggang due to illness on February 10, 2023[192]. - Zheng Ju was elected as the new chairman of the board on March 23, 2023[192]. - The total number of shares held by the board members increased from 10,943,017 at the beginning of the year to 21,992,517 at the end of the year, representing an increase of 100%[188]. - The company plans to continue its stock option incentive program to motivate and retain key personnel[190]. Future Outlook - The company anticipates continued growth in the lithium battery materials industry, driven by the global push for carbon neutrality and increasing demand in the new energy vehicle and energy storage markets[50]. - The global anode material industry is projected to grow rapidly, driven by the booming downstream new energy vehicle and energy storage industries, with a shipment volume expected to increase by over 4.5 times compared to 2021[147]. - The company is focused on continuous upgrades and innovations in manufacturing processes to improve operational efficiency and reduce costs[157].

信会计师事务所(特殊普通合 CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS 关于对宁波杉杉股份有限公司监管工作函的回复 信会师函字[2023]第 ZA017 号 上海证券交易所上市公司管理一部: 本所根据贵部所发文号为"上证公函【2023】0013 号"《关于宁波杉杉股份 有限公司信息披露相关事项的监管工作函》的要求,现就询问函中要求进行说明。 | 引用交易所本次问询函中所列问题 | 宋体加黑 | | --- | --- | | 本次会计师对问询的回复 のお気になると、その他のお気になると、その他のお気になると、 | 宋体 | 本次问询函: "前期,你公司独立董事、保荐机构中天国富证券、年审会计师事务所立 信会计师事务所(特殊普通合伙)均在投诉事项回复或相关公告中,发表明 确意见称上海钢石和杉杉控股不存在一致行动关系。请前述主体逐一明确前 期核实有关事项的方式及过程,发表相关意见的具体依据及其充分性,说明 是否勤勉尽责。" 会计师答复: 一、 我所未接到监管部门专门对杉杉控股和上海钢石是否是一致行动人进 行核查并发表明确意见的要求,亦从未发表明确意见称上海钢石和杉 ...

证券代码：600884 证券简称：杉杉股份 公告编号：临 2023-034 宁波杉杉股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 4 月 27 日(星期四)上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadsho w.sseinfo.com/） 会议召开方式：视频录播和网络互动 投资者可于 2023 年 4 月 20 日(星期四)至 4 月 26 日(星期三)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过宁波杉杉股份有限公司 （下称"公司"）邮箱 ssgf@shanshan.com 进行提问。公司将在信息披露允许的 范围内，于说明会上对投资者普遍关注的问题进行回答。 公司已于 2023 年 4 月 20 日发布公司 2022 年年度报告，为便于广大投资者 更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 4 月 27 日上午 ...

Financial Performance - The company's operating revenue for Q3 2022 was approximately ¥5.07 billion, a decrease of 12.08% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 was approximately ¥547.73 million, down 72.81% year-on-year[4]. - Basic earnings per share for Q3 2022 were ¥0.245, a decrease of 80.12% compared to the same period last year[8]. - Total operating revenue for the first three quarters of 2022 reached ¥15,840,567,383.04, a slight increase from ¥15,711,728,861.51 in the same period of 2021[17]. - Net profit for the first three quarters of 2022 was ¥2,313,335,986.48, compared to ¥2,959,674,155.06 in 2021, reflecting a decrease of approximately 21.8%[18]. - Operating profit for the first three quarters of 2022 was ¥2,763,066,979.81, down from ¥4,024,992,806.12 in the previous year[18]. - The total comprehensive income for the third quarter of 2022 was ¥2,218,090,384.39, slightly lower than ¥2,268,101,727.69 in the previous year[18]. Assets and Liabilities - Total assets at the end of Q3 2022 were approximately ¥46.89 billion, an increase of 16.39% compared to the end of the previous year[5]. - Shareholders' equity attributable to the parent company at the end of Q3 2022 was approximately ¥22.93 billion, up 21.12% year-on-year[5]. - The total current liabilities increased to RMB 10.67 billion from RMB 9.25 billion, reflecting a rise of approximately 15.3%[15]. - Total liabilities as of the end of the third quarter of 2022 amounted to ¥22,909,063,851.49, up from ¥20,938,094,457.01 in 2021[16]. - The company's total equity increased to ¥23,983,051,112.89 in 2022 from ¥19,350,374,546.75 in 2021, indicating growth of about 24%[16]. Cash Flow - The company reported a net cash flow from operating activities of approximately ¥1.79 billion for the first nine months of 2022[5]. - The cash inflow from operating activities for the first three quarters of 2022 was CNY 15.42 billion, an increase of 41.5% compared to CNY 10.90 billion in the same period of 2021[19]. - The net cash flow from operating activities was CNY 1.79 billion, a significant improvement from a negative CNY 874.53 million in the first three quarters of 2021[19]. - The cash inflow from financing activities was CNY 13.20 billion, an increase of 3.74% compared to CNY 12.72 billion in the previous year[20]. - The net cash flow from financing activities was CNY 2.31 billion, a decrease of 68.3% from CNY 7.28 billion in the same period of 2021[20]. Investments and Expenses - Research and development expenses increased to ¥715,657,889.38 in 2022 from ¥550,692,831.08 in 2021, marking a rise of approximately 30%[17]. - The cash outflow for investing activities totaled CNY 5.64 billion, a decrease of 29.1% from CNY 7.94 billion in the previous year[20]. - The net cash flow from investing activities was negative CNY 5.11 billion, worsening from negative CNY 3.07 billion in the same period of 2021[20]. - The company reported a decrease in tax expenses to ¥452,065,916.81 in 2022 from ¥1,061,570,003.78 in 2021[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 166,911[9]. - The company completed the issuance of Global Depositary Receipts (GDRs) on July 28, 2022, raising approximately USD 319 million through the issuance of 15,442,300 GDRs, representing 77,211,500 underlying A-shares[11][12]. - The company plans to proceed with a non-public offering of A-shares, pending approval from the shareholders' meeting and the China Securities Regulatory Commission[12].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 10.77 billion, an increase of 8.30% compared to CNY 9.95 billion in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached approximately CNY 1.66 billion, representing a significant increase of 118.65% from CNY 759.73 million year-on-year[20]. - The net profit after deducting non-recurring gains and losses was approximately CNY 1.42 billion, up 96.33% from CNY 723.51 million in the previous year[20]. - The net cash flow from operating activities was approximately CNY 1.56 billion, a substantial recovery from a negative cash flow of CNY -1.55 billion in the same period last year[20]. - The total assets of the company at the end of the reporting period were approximately CNY 42.30 billion, an increase of 5.00% from CNY 40.29 billion at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were approximately CNY 20.35 billion, reflecting a growth of 7.51% from CNY 18.93 billion at the end of the previous year[20]. - The basic earnings per share for the first half of 2022 were CNY 0.774, a 65.76% increase compared to CNY 0.467 in the same period last year[21]. - The weighted average return on net assets increased to 8.419%, up by 2.257 percentage points from 6.162% in the previous year[21]. Market Position and Demand - The company is a global leader in advanced materials manufacturing, focusing on lithium battery anode materials and polarizers, aiming to dominate these two niche markets[23]. - In the first half of 2022, the company's anode materials shipment ranked second in the industry, with a significant increase in output driven by the booming demand for new energy vehicles and energy storage[28]. - The demand for new energy vehicles in China surged, with cumulative production and sales reaching 2.661 million and 2.6 million units respectively, a year-on-year increase of 120%[29]. - The energy storage market demand exceeded expectations, with a significant increase in shipments due to the rising energy prices in Europe, leading to a more than 200% year-on-year growth in energy storage battery shipments[29]. - The company's lithium battery materials shipment is expected to reach approximately 542,000 tons in the first half of 2022, representing a year-on-year growth of 69%[30]. - The company has established strategic partnerships with leading battery manufacturers such as CATL, LGES, ATL, and BYD, enhancing its market position in the anode materials sector[28]. - The company anticipates continued strong growth in the lithium battery materials industry, driven by global carbon neutrality goals and increasing demand for new energy vehicles and energy storage solutions[31]. Production and Capacity Expansion - The company plans to strengthen its production capacity with new projects, including a 200,000-ton integrated base in Meishan, Sichuan, and a 300,000-ton integrated base in Anning, Yunnan[28]. - The company has initiated the construction of a 300,000-ton integrated base in Yunnan and a 40,000-ton silicon-based anode material project in Ningbo to enhance production capacity[56]. - The company’s integrated production capacity is expected to reach 180,000 tons, with over 90,000 tons of graphitization capacity[46]. - The company has established stable relationships with major clients such as BOE, LG Display, and Sharp, ensuring consistent demand for its products[36]. Research and Development - The company’s R&D expenses increased by 18.77% to ¥419,296,358.56, up from ¥353,042,165.13 in the previous year[68]. - As of June 30, 2022, the company holds 189 authorized patents in anode materials, including 151 invention patents[44]. - The company has applied for over 1,000 LCD polarizer-related patents globally, with 965 patents granted, including 921 invention patents[49]. - The company has developed high-energy density fast-charging technology for its anode materials, which is now being applied in downstream automotive companies[43]. Environmental Compliance and Sustainability - The company operates several key pollution discharge units and is committed to environmental compliance, with specific measures in place for waste gas and wastewater treatment[97]. - The company reported a total pollutant discharge of 70.01 tons in the first half of 2022, with specific emissions including 3.996 tons of particulate matter, 5.418 tons of sulfur dioxide, and 7.304 tons of nitrogen oxides[98]. - The company has implemented pollution control facilities that meet national standards, ensuring that waste gas and wastewater are treated to meet discharge requirements before being released[99]. - The company actively promotes energy conservation and emission reduction through increased investment in environmental protection equipment and technological upgrades[104]. - The company emphasizes a low-carbon green operation model, focusing on resource efficiency and the use of clean energy to reduce greenhouse gas emissions[107]. Financial Management and Investments - The company sold 100% equity of Hunan Yongshan Lithium Industry Co., Ltd., generating corresponding investment income during the reporting period[54]. - The company has strengthened its supply chain by collaborating with key suppliers to secure high-quality raw materials for the next 3-5 years[47]. - The company reported a net cash flow from financing activities of -¥1,708,344,209.76, compared to a positive cash flow of ¥7,203,459,475.50 in the first half of 2021[149]. - The company has committed to ensuring that any business opportunities within its main business scope are directed to the company, avoiding conflicts of interest[111]. Risks and Challenges - The company faces risks from policy changes affecting the lithium battery and polarizer industries, with strategies to enhance profitability through continuous technological innovation[83]. - Market competition is intensifying in the lithium battery materials sector, with potential structural oversupply risks; the company plans to enhance competitiveness through technology and product upgrades[84]. - Raw material price fluctuations pose a significant risk, particularly for petroleum coke and needle coke, which constitute a large portion of production costs[85]. - The company acknowledges the challenge posed by emerging display technologies like OLED and Micro LED to its LCD polarizer business, which may affect demand and profit margins[87]. - The company is exposed to foreign exchange risks due to international procurement and sales, involving currencies like USD and EUR, and plans to monitor exchange rate dynamics closely[88]. Corporate Governance and Compliance - The company has committed to maintaining the authenticity, accuracy, and completeness of the information provided, as well as ensuring the independence of the listed company and avoiding competition with peers[110]. - The company has proposed no profit distribution or capital reserve increase for the half-year period[92]. - The company has implemented a stock option and restricted stock incentive plan, which was approved in March 2022, to motivate and retain key personnel[93]. - The company has made adjustments to its stock option incentive plan, including changes to the list of incentive recipients and the exercise price of stock options[94].