SSE ������ ESG Report 2022 Cover Story Inclusive Society for a Better Tomorrow Dots connect to form lines and then planes like a circuit, Intuiting threads of technology and society intertwined. With technology's infusion, we can work to realize a better future together. As a leading global company of electronic design and manufacturing services, USI turns innovative technologies into value for our customers and continues to leverage corporate influence to promote public welfare and sustainable development ...

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。 特别提示：本简报所载财务数据为初步核算数据，未经会计师事务所审计， 最终数据以公司定期报告为准，请投资者注意投资风险。 | 证券代码：601231 | 证券简称：环旭电子 | 公告编号：临 | 2023-070 | | --- | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | | 环旭电子股份有限公司 2023 年 7 月营业收入简报 1 环旭电子股份有限公司董事会 2023 年 8 月 9 日 环旭电子股份有限公司（以下简称"公司"）2023 年 7 月合并营业收入为人 民币 5,036,421,474.54 元，较去年同期的合并营业收入减少 10.76%，较 2023 年 6 月合并营业收入环比增加 6.38%。 公司 2023 年 1 月至 7 月合并营业收入为人民币 31,902,055,647.32 元，较去年 同期的合并营业收入减少 7.75%。 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 12,998,168,439.83, representing a decrease of 6.85% compared to the same period last year[4]. - The net profit attributable to shareholders for Q1 2023 was CNY 277,457,152.84, down 36.79% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 219,683,026.20, a decline of 46.78% compared to the previous year[4]. - Basic earnings per share for Q1 2023 were CNY 0.13, down 36.72% year-on-year[4]. - Operating profit for Q1 2023 was approximately ¥302.39 million, down 39.5% from ¥499.57 million in Q1 2022[19]. - Net profit attributable to shareholders for Q1 2023 was approximately ¥277.46 million, a decline of 36.7% compared to ¥438.95 million in Q1 2022[19]. - The company recorded a total comprehensive income of approximately ¥221.05 million for Q1 2023, down from ¥348.08 million in Q1 2022[20]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 50.29% to CNY 2,545,922,484.41[4]. - Cash flow from operating activities for Q1 2023 was approximately ¥2.55 billion, an increase of 50.4% from ¥1.69 billion in Q1 2022[21]. - Cash and cash equivalents as of March 31, 2023, were RMB 9,981,077,691.02, up from RMB 7,695,016,173.40 at the end of 2022[16]. - Cash and cash equivalents at the end of Q1 2023 totaled approximately ¥9.97 billion, up from ¥6.72 billion at the end of Q1 2022[21]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 36,872,150,137.05, a decrease of 4.41% from the end of the previous year[6]. - Total assets decreased from RMB 38,574,464,731.16 at the end of 2022 to RMB 36,872,150,137.05 as of March 31, 2023[17]. - Total liabilities decreased from RMB 22,824,625,585.61 to RMB 20,871,967,052.46 during the same period[17]. - The company reported a decrease in inventory from RMB 10,909,893,675.82 at the end of 2022 to RMB 9,970,519,228.25 in Q1 2023[16]. - Long-term investments decreased from RMB 611,007,676.15 to RMB 492,647,519.17[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,272[9]. - The largest shareholder, Huan Cheng Technology Co., Ltd., held 76.29% of the shares[9]. Revenue Breakdown - Communication products revenue decreased by 17.49% to RMB 457,556.33 million, while automotive electronics products increased by 30.12% to RMB 120,053.97 million[11]. - Total revenue for Q1 2023 was approximately ¥12.99 billion, a decrease of 6.8% from ¥13.95 billion in Q1 2022[19]. - The company reported a decrease in total operating costs to approximately ¥12.66 billion, down 6.1% from ¥13.49 billion in Q1 2022[19]. Future Outlook - The company expects Q2 2023 revenue to grow by no more than 10% compared to Q1 2023, with improved operating profit margins[14]. - The company emphasizes that future operational goals are subject to uncertainties, including international trade stability and market conditions[14]. Research and Development - Research and development expenses increased to approximately ¥399.12 million, up 2.9% from ¥387.94 million in Q1 2022[19]. Financial Expenses - The company experienced a significant increase in financial expenses, with interest expenses rising to approximately ¥83.29 million from ¥47.36 million in Q1 2022[19]. Non-Recurring Gains - The company reported non-recurring gains totaling CNY 57,774,126.64 for the period[7]. - The impact of Purchase Price Allocation (PPA) on net profit in Q1 2023 was RMB 954.01 million, reflecting a 1.88% year-over-year increase[13].

| | | 环旭电子股份有限公司 关于召开 2022 年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个别及连带责任。 一、业绩说明会类型 本次业绩说明会通过视频直播和网络互动方式召开，公司将针对 2022 年年 度业绩和经营情况与投资者进行交流，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。 二、业绩说明会召开的时间、地点 （一）会议召开时间：2023 年 4 月 18 日（星期二）15:00-16:30 （二）会议召开地点：同顺路演平台或同花顺 App 端入口 1 重要内容提示： 公司于 2023 年 4 月 4 日披露了《2022 年年度报告》。为了便于广大投资者 更全面深入地了解公司的经营情况，公司拟召开业绩说明会，就投资者普遍关心 的问题进行交流。 会议召开时间：2023 年 4 月 18 日（星期二）15:00-16:30 会议召开地点：同顺路演平台（https://board.10jqka.com.cn/ir，下同）或同花 顺 App 端入口（同花顺 App 首页—搜索框输入"路演平台"进入 ...

Financial Performance - The company's operating revenue for 2022 was approximately ¥68.52 billion, representing a year-on-year increase of 23.90% compared to ¥55.30 billion in 2021[20]. - Net profit attributable to shareholders for 2022 was approximately ¥3.06 billion, a significant increase of 64.69% from ¥1.86 billion in 2021[20]. - The net cash flow from operating activities for 2022 was approximately ¥3.44 billion, a substantial recovery from a negative cash flow of ¥1.10 billion in 2021[20]. - The company's total assets at the end of 2022 were approximately ¥38.57 billion, reflecting a year-on-year growth of 7.58% from ¥35.86 billion in 2021[20]. - Basic earnings per share for 2022 increased to ¥1.40, up 64.71% from ¥0.85 in 2021[21]. - The weighted average return on equity for 2022 was 21.43%, an increase of 6.60 percentage points compared to 14.83% in 2021[21]. - The company reported a significant increase in net profit for the fourth quarter of 2022, reaching approximately ¥888.92 million[24]. - The company's operating profit for 2022 was 3.461 billion RMB, up 62.34% from 2.132 billion RMB in 2021; total profit reached 3.477 billion RMB, a 62.57% increase from 2.139 billion RMB[28]. - The net profit attributable to shareholders was 3.060 billion RMB, representing a 64.69% growth from 1.858 billion RMB in 2021; the net profit after deducting non-recurring gains and losses was 3.010 billion RMB, an increase of 77.58% year-on-year[28]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 4.30 CNY per 10 shares (including tax) for the 2022 fiscal year, with no stock bonus or capital increase[4]. - Cumulative cash dividends since the company's listing reached 4.793 billion yuan, with an average cash payout ratio of 34.70%[55]. - The total cash dividend amount for 2021 was 797,589,679.64 RMB, which represents 42.93% of the net profit attributable to ordinary shareholders in the consolidated financial statements[159]. Audit and Compliance - The company received a standard unqualified audit report from Deloitte Huayong Accounting Firm[3]. - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its responsible personnel[3]. - The company has implemented a robust internal control system to enhance compliance and operational efficiency[126]. - The company reported no significant issues in its internal audit work, ensuring compliance with governance standards[150]. - The company has maintained a strict adherence to commitments regarding related party transactions and competition resolution[194]. Market Position and Industry Trends - The company is a global leader in the electronic manufacturing services (EMS) industry, ranking 12th in the global EMS provider rankings in 2021[36]. - The global EMS industry size exceeded 720 billion USD in 2022, with the top 10 companies accounting for over 70% of the revenue[31]. - The demand for electric vehicles and related automotive electronics is expected to grow rapidly due to the global push for "carbon neutrality"[32]. - The automotive electronics segment includes power modules and electric drive inverters, with over 30 years of experience and recognition from major electric vehicle manufacturers[42]. - The company is positioned to benefit from the growing integration of 5G technology with AI and cloud computing, creating new opportunities in the hardware and electronic device sectors[103]. Research and Development - Research and development expenses increased to 2.034 billion yuan in 2022, up from 1.641 billion yuan in 2021, indicating a focus on innovation[53]. - The company has established a micro-innovation research center in late 2020 to enhance its capabilities in miniaturization and modularization for various electronic products[51]. - The company is increasing R&D investments in key technologies and applications, particularly in industrial and automotive electronics, to capture future market growth opportunities[109]. Environmental and Social Responsibility - The company has invested a total of RMB 4,160,652 in social welfare projects in 2022, benefiting 5,161 individuals[188]. - The company has been issuing a sustainable development report annually since 2013, available on its website for public access[187]. - The company achieved a waste recycling rate of over 90% in 2022, adhering to policies of waste reduction and reuse[184]. - The company offset approximately 99,729 tons of CO2 emissions by using 100% renewable energy certificates in 2022[186]. - The company has invested in environmental protection projects annually, ensuring compliance with environmental regulations[183]. Strategic Initiatives and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]. - The company aims to enhance its R&D capabilities and extend its services towards the left end of the value chain, focusing on EMS+/JDM models[102]. - The company plans to upgrade four factories to a 5-star standard by 2025, achieving full automation in production[112]. - The company is focusing on developing new technologies and products, including 5G wireless modules and automotive electronic products[115]. - The company aims to achieve net-zero carbon emissions by 2050, as part of its sustainability strategy[116]. Risk Management - The company is actively assessing risks and developing supply chain contingency plans to mitigate potential disruptions[111]. - The company faces potential risks from geopolitical tensions, trade sanctions, and changes in local laws affecting overseas operations[122]. - The company has a dynamic management mechanism for suppliers to enhance supply chain resilience amid global disruptions[124]. - The company is closely monitoring international foreign exchange trends to mitigate significant currency risks[123]. Governance and Management - The company has a risk management committee in place, demonstrating a commitment to managing potential risks effectively[136]. - The company has a structured decision-making process for executive compensation, ensuring transparency and accountability[140]. - The company has appointed independent directors in various subsidiaries, enhancing governance and oversight[138]. - The company has a diverse board composition, with members holding positions in multiple organizations, enhancing its strategic capabilities[137].

Revenue and Profit Growth - Revenue for Q1 2022 reached RMB 13,953,702,502.36, a 27.61% increase year-over-year[4] - Net profit attributable to shareholders of the listed company was RMB 438,949,141.54, up 79.40% year-over-year[4] - Total revenue for Q1 2022 reached RMB 1,395,370.25 million, a 27.61% increase YoY[12] - Total revenue for Q1 2022 reached 13.95 billion RMB, a 27.6% increase compared to 10.93 billion RMB in Q1 2021[18] - Net profit for Q1 2022 was 438.95 million RMB, up 79.4% from 244.70 million RMB in Q1 2021[18] - Operating profit rose by 60.4% to 499.57 million RMB in Q1 2022 compared to 311.42 million RMB in Q1 2021[18] EBITDA and Operating Performance - EBITDA for Q1 2022 was RMB 785.25 million, a 34.23% increase compared to the same period last year[5] - Cash flow from operating activities turned positive to RMB 1,693,989,778.99, compared to a negative RMB 217,236,055.57 in the same period last year[4] - Net cash flow from operating activities was RMB 1.69 billion, a significant improvement from a negative RMB 217.24 million in the same period last year[20] R&D and Financial Expenses - R&D expenses increased by 31.50% due to higher personnel costs and material costs for new product development[8] - Financial expenses surged by 188.77% primarily due to the recognition of interest expense amortization for convertible bonds[8] - R&D expenses increased by 31.5% to 387.94 million RMB in Q1 2022 compared to 295.00 million RMB in Q1 2021[18] - Interest expenses increased by 37.2% to 47.36 million RMB in Q1 2022 compared to 34.52 million RMB in Q1 2021[18] Asset and Liability Changes - Total assets decreased by 2.67% compared to the end of the previous year, standing at RMB 34,898,783,832.87[5] - Equity attributable to shareholders of the listed company increased by 2.52% to RMB 13,411,827,772.16[5] - Total assets decreased slightly to 34.90 billion RMB in Q1 2022 from 35.86 billion RMB in Q1 2021[17] - Total liabilities decreased to 21.49 billion RMB in Q1 2022 from 22.77 billion RMB in Q1 2021[17] - Total equity increased to 13.41 billion RMB in Q1 2022 from 13.08 billion RMB in Q1 2021[17] Cash Flow and Liquidity - Cash conversion cycle increased by 8 days to 53 days compared to the same period last year[5] - Cash and cash equivalents stood at RMB 6,735,119,182.52 as of March 31, 2022[16] - Inventory increased to RMB 10,574,210,702.39 as of March 31, 2022, up from RMB 9,037,562,662.64 at the end of 2021[16] - Sales of goods and services received cash of RMB 17.2 billion, a 21.9% increase compared to RMB 14.11 billion in the same period last year[20] - Cash received from investment returns increased to RMB 18.7 million, up from RMB 7.52 million in the previous year[20] - Cash outflow for investment activities was RMB 1.9 billion, compared to RMB 1.48 billion in the same period last year[21] - Net cash flow from financing activities was negative RMB 418.63 million, a sharp decline from RMB 3.52 billion in the same period last year[21] - Cash and cash equivalents at the end of the period were RMB 6.72 billion, down from RMB 9.36 billion in the same period last year[21] - Cash received from borrowing increased to RMB 3.89 billion, up from RMB 1.08 billion in the previous year[21] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets was RMB 574.4 million, compared to RMB 268.73 million in the same period last year[20] - Cash received from tax refunds decreased to RMB 140.71 million, down from RMB 177.86 million in the previous year[20] - Cash paid for employee compensation and benefits was RMB 1.01 billion, a slight increase from RMB 968.17 million in the same period last year[20] Non-Recurring Items and Shareholder Information - Non-recurring gains and losses amounted to RMB 26,189,135.75, including government subsidies and gains from financial assets[7] - Total number of ordinary shareholders at the end of the reporting period is 54,290[10] - Huancheng Technology Co., Ltd. holds 1,683,749,126 shares, accounting for 76.17% of the total shares[10] Product Revenue Breakdown - Communications product revenue increased by 35.54% YoY to RMB 553,206.12 million in Q1 2022[12] - Consumer electronics product revenue grew by 15.65% YoY to RMB 398,954.79 million in Q1 2022[12] - Automotive electronics product revenue surged by 52.64% YoY to RMB 89,587.48 million in Q1 2022[12] Earnings Per Share and Comprehensive Income - Basic earnings per share increased to 0.20 RMB in Q1 2022 from 0.11 RMB in Q1 2021[19] - Other comprehensive income decreased to -90.86 million RMB in Q1 2022 from 61.56 million RMB in Q1 2021[19] PPA Impact and Revenue Growth Target - PPA impact on operating profit was RMB 1,235 million, accounting for 0.09% of revenue[13] - Q2 2022 revenue growth target is set at 20%-25% YoY[14]