Financial Performance - The company's operating revenue for Q1 2023 was CNY 15,913,454,482.67, representing a year-on-year increase of 22.47%[4] - The net profit attributable to shareholders of the listed company was a loss of CNY 490,158,350.61, a decrease of 132.61% compared to the same period last year[4] - The basic earnings per share for the period was -CNY 0.20, a decrease of 132.26% year-on-year[4] - The diluted earnings per share for the period was also -CNY 0.20, reflecting the same percentage decrease as basic earnings[4] - The weighted average return on net assets was -1.42%, a decrease of 5.53 percentage points compared to the previous year[4] - The company's total comprehensive income for Q1 2023 was CNY -468,502,314.28, compared to CNY 1,511,300,925.79 in Q1 2022[22] - Net profit for Q1 2023 was CNY -472,675,522.41, a significant decrease from CNY 1,509,773,408.38 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was a negative CNY 2,293,260,872.07, reflecting an increase of 38.58% year-on-year[4] - The net cash flow from operating activities for Q1 2023 was CNY -2,293,260,872.07, an improvement from CNY -3,733,478,502.12 in Q1 2022[24] - Net cash flow from investment activities was -$3.20 billion, compared to -$3.34 billion in the previous period, indicating a slight improvement[25] - The net cash flow from financing activities was $6.75 billion, an increase from $5.70 billion year-over-year, indicating stronger financing performance[25] - The ending cash and cash equivalents balance was $7.78 billion, compared to $7.53 billion in the previous period, showing an increase in liquidity[25] - The net increase in cash and cash equivalents was $1.26 billion, contrasting with a decrease of $1.38 billion in the previous period, indicating improved cash management[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 91,828,511,686.53, an increase of 1.87% from the end of the previous year[5] - The equity attributable to shareholders of the listed company decreased by 1.46% to CNY 34,194,059,439.24 compared to the end of the previous year[5] - Total liabilities reached CNY 57.31 billion, up from CNY 55.14 billion, indicating an increase of approximately 3.95%[18] - The company's equity remained stable at CNY 34.52 billion, with a slight change from CNY 34.01 billion[18] - The company's current assets totaled CNY 25.81 billion, up from CNY 22.47 billion, indicating a growth of about 14.67% year-over-year[17] - Accounts receivable decreased significantly to CNY 450.20 million from CNY 794.59 million, a decline of about 43.43%[15] - Inventory rose to CNY 8.62 billion, compared to CNY 7.39 billion, marking an increase of approximately 16.67%[17] - Short-term borrowings increased to CNY 23.35 billion from CNY 19.51 billion, representing a rise of about 19.36%[18] - The company reported a decrease in contract liabilities to CNY 808.70 million from CNY 1.12 billion, a decline of approximately 27.67%[18] - The company’s long-term borrowings increased to CNY 19.73 billion from CNY 15.32 billion, reflecting a growth of about 28.00%[18] Operating Costs and Expenses - Total operating costs for Q1 2023 were CNY 15,950,709,596.37, up from CNY 12,449,160,203.68 in Q1 2022, reflecting a 28.5% increase[20] - Research and development expenses for Q1 2023 totaled CNY 325,499,782.44, compared to CNY 307,129,517.05 in Q1 2022, indicating a 6.0% increase[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,463[10]

Financial Performance - The net profit for the year 2022 reached CNY 1,917.17 million, with a total distributable profit of CNY 8,703.31 million[2]. - The company will not distribute cash dividends or issue bonus shares for the year 2022, and no capital reserve will be converted into share capital[2]. - The statutory surplus reserve was increased by CNY 55.96 million, reaching 50% of the registered capital, thus no further statutory surplus reserve will be allocated for the year[2]. - The company's operating revenue for 2022 was CNY 61,993,349,371.81, an increase of 4.79% compared to CNY 59,157,202,368.45 in 2021[17]. - The net profit attributable to shareholders for 2022 was CNY 130,209,410.96, a significant decrease of 98.26% from CNY 7,464,486,120.27 in 2021[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 8,511,848.09, down 99.89% from CNY 7,423,774,149.84 in the previous year[17]. - The net cash flow from operating activities was CNY 1,072,585,797.15, a decrease of 61.61% compared to CNY 2,793,938,316.07 in 2021[17]. - The company's total assets at the end of 2022 were CNY 90,140,027,522.54, an increase of 29.09% from CNY 69,826,113,321.20 in 2021[17]. - The net assets attributable to shareholders at the end of 2022 were CNY 34,698,022,970.04, a decrease of 3.53% from CNY 35,968,544,998.50 in 2021[17]. - The basic earnings per share for 2022 were CNY 0.05, down 98.45% from CNY 3.23 in 2021[18]. - The weighted average return on net assets for 2022 was 0.37%, a decrease of 23.85 percentage points from 24.22% in 2021[18]. - The total profit for the year was -325.39 million RMB, a decline of 104.01% year-on-year[39]. - The gross profit margin decreased by 7.95 percentage points to 3.27% compared to the previous year[43]. Operational Challenges - The company faced significant challenges in 2022 due to rising raw material costs and a temporary decline in market demand, impacting production and sales margins[17]. - The company faced significant external pressures in 2022, including high costs and weak demand in the polyester filament market due to geopolitical tensions and inflation[25]. - The company experienced a decline in net profit margins, with a notable drop in profitability in the latter half of the year due to market conditions[20]. - The polyester filament industry faced significant challenges, with raw material prices rising sharply and downstream demand collapsing, yet the company maintained stable growth in investment, employment, sales, production, and exports[27]. - The company faced risks from fluctuations in raw material and product prices, which significantly impact operational performance due to the cyclical nature of the chemical fiber industry[93]. Market and Industry Trends - The overall market for polyester filament showed a "V" shaped price trend, indicating volatility in pricing throughout the year[25]. - The average monthly price of semi-dull POY 150D/48F fluctuated throughout 2022, with notable price increases driven by rising crude oil prices, particularly in Q1 and Q4[26]. - The polyester filament production volume in China was 42.76 million tons in 2022, a slight decrease of 0.24% year-on-year, marking the first negative growth in nearly 40 years for the chemical fiber industry[29]. - The polyester filament industry is expected to experience a recovery in downstream demand in 2023, potentially improving profitability[93]. Strategic Initiatives - The company plans to focus on improving operational efficiency and exploring new market opportunities to recover from the current downturn[17]. - The company is actively developing new products and technologies, with a focus on functional fibers and has received several awards for its innovation efforts, including the Zhejiang Province Standard Innovation Major Contribution Award[28]. - The company is extending its industrial chain upstream to include PTA, MEG, and other related fields to enhance profitability and stability[36]. - The company has implemented advanced KTS technology in its PTA projects, significantly reducing energy consumption and operational costs[33]. - The company is committed to enhancing safety and environmental protection measures to mitigate risks associated with production processes and comply with stricter regulations[93]. Environmental and Social Responsibility - The company invested 232.90 million RMB in environmental protection during the reporting period[131]. - The company has reported a COD emission of 1.061 tons against a permitted limit of 16.92 tons, indicating compliance with environmental standards[133]. - The total sulfur dioxide emissions were 5.05 tons, significantly lower than the permitted 67.24 tons, demonstrating effective pollution control measures[133]. - The company has implemented strategies to ensure that all emissions are below the regulatory thresholds, contributing to environmental sustainability[135]. - The company is committed to green and low-carbon development, focusing on innovative technologies to reduce emissions across its production processes[153]. - The company invested 452,000 yuan in social responsibility projects, benefiting approximately 1,000 individuals through donations and public welfare initiatives[155][156]. Governance and Compliance - The company has established a management system to prevent the misuse of funds by controlling shareholders, which was approved by the board in September 2021[97]. - The company has disclosed 78 interim announcements and completed regular reports in a timely manner during the reporting period[95]. - The company has established investor relations management practices to ensure equal access to information for all shareholders[95]. - The company has not faced any penalties from securities regulatory authorities in the past three years[110]. - The company has maintained independence from its controlling shareholder in terms of assets, personnel, finance, and business operations[97]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 73,847, down from 75,463 at the end of the previous month[183]. - The top shareholder, Tongkun Holding Group Co., Ltd., holds 464,908,884 shares, accounting for 19.28% of the total shares[184]. - The company repurchased a total of 36,447,273 shares, accounting for 1.51% of the total share capital, with a total expenditure of CNY 600,355,573.10[179]. - The total pre-tax compensation for Chen Shiliang during the reporting period was 556.04 thousand yuan[101]. Investment and Expansion - The company plans to commence production for the Hengyang project in Q1 2023, with a total investment of 25.5 billion RMB[74]. - The company has invested a total of RMB 1,595,296.49 million in the Tongkun (Yangkou Port) polyester integration project, which is expected to achieve full production by the end of 2023[83]. - The company has reported a total of RMB 610,345,899.67 in receivables financing, reflecting an increase from the previous period[85].

股票代码：601233 股票简称：桐昆股份 公告编号：2023-032 桐昆集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日发布公司 2022 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 05 月 10 日下 午 15:00-16:30 举行 2022 年度业绩暨现金分红说明会，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结合网络互动召开，公司将针对 2022 年度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。 桐昆集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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。 重要内容提示： 会议召开时间：2023 年 5 月 10 日(星期三) 下午 15:00-16:30 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） ...