| 证券代码：601636 | 证券简称：旗滨集团 | 公告编号：2023-044 | | --- | --- | --- | | 可转债代码：113047 | 可转债简称：旗滨转债 | | 株洲旗滨集团股份有限公司 关于召开 2022 年度暨 2023 年第一季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 5 月 22 日(星期一)下午 14:00-15:00； 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/）； 会议召开方式：上证路演中心网络互动； 投资者可于 2023 年 5 月 9 日(星期二)至 5 月 19 日(星期五)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司投资者关系邮箱 (info@kibing-glass.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。 株洲旗滨集团股份有限公司（以下简称 ...

Financial Performance - The company's operating revenue for 2022 was approximately ¥13.31 billion, a decrease of 9.42% compared to ¥14.70 billion in 2021[18]. - The net profit attributable to shareholders for 2022 was approximately ¥1.32 billion, down 68.95% from ¥4.24 billion in 2021[18]. - The net cash flow from operating activities for 2022 was approximately ¥567.58 million, a significant decline of 88.81% compared to ¥5.07 billion in 2021[18]. - The total assets at the end of 2022 were approximately ¥24.43 billion, an increase of 16.68% from ¥20.94 billion in 2021[18]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥12.60 billion, a decrease of 5.61% from ¥13.35 billion in 2021[18]. - The basic earnings per share for 2022 were ¥1.6152, a decrease of 69.50% compared to ¥5.30 in 2021[19]. - The company reported a non-recurring gain of approximately ¥129.65 million from government subsidies in 2022, compared to ¥104.76 million in 2021[23]. Dividend Distribution - The proposed cash dividend for 2022 is RMB 2.5 per 10 shares, totaling RMB 669,849,617.00, representing a cash dividend payout ratio of 50.87%[3]. - There are no significant changes in the total share capital before the dividend distribution date, maintaining the proposed distribution ratio[3]. - The cash dividend for 2021 amounted to 2.13822 billion yuan, with a cash dividend ratio of 50.51%, marking the highest dividend amount since the company's listing[26]. - The company has achieved a cumulative cash dividend of 6.484 billion yuan since its listing, exceeding the total amount raised during the IPO (5.03 billion yuan) with a cumulative cash dividend ratio of 55.07%[26]. Operational Strategy - The company plans to focus on expanding its market presence and enhancing product development in the upcoming year[18]. - The company aims to improve operational efficiency and reduce costs in response to the challenging market conditions[18]. - The company focused on cost reduction and efficiency improvement, implementing measures across various management areas to stabilize operational performance[25]. - The company enhanced its product structure and aimed to expand into high-end glass markets, increasing brand influence and sustainable development capabilities[25]. - The company optimized its procurement strategies to control raw material costs and logistics expenses effectively[25]. - The company emphasized market analysis and flexible marketing strategies to respond to market changes and maintain balanced production and sales[25]. - The company aimed to reduce homogenization competition by diversifying its product offerings, including differentiated products like colored and coated glass[25]. Risk Management - The company has outlined potential risks in its operational discussion and analysis section[5]. - The company has implemented a comprehensive risk assessment and management system to enhance risk identification and management capabilities[26]. - The company has established a risk management mechanism for futures trading to mitigate potential market risks associated with price fluctuations[58]. - The company has conducted ongoing risk assessments and business testing, enhancing risk management capabilities across three levels: group, subsidiary, and business[129]. Corporate Governance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[4]. - The company has not violated decision-making procedures for external guarantees[4]. - The company has provided a standard unqualified audit report from Zhongzheng Huacai Accounting Firm[2]. - The board of directors and supervisory board members have all attended the board meeting, ensuring the authenticity and completeness of the annual report[2]. - The governance structure was improved, with a focus on professional management and market-oriented evaluation mechanisms[25]. - The company has established a governance structure that ensures effective decision-making, execution, and supervision, with 28 governance systems approved by the board or shareholders[73]. - The company’s governance structure aligns with the requirements of the "Code of Corporate Governance for Listed Companies" without significant discrepancies[75]. Environmental Responsibility - The company has committed to a green development philosophy, focusing on sustainable practices and resource conservation[145]. - The company has made significant investments in environmental protection, ensuring compliance with environmental standards and reducing operational costs[143]. - The company achieved a total SO2 emission of 2,963 tons in 2022, which is below the permitted total of 4,982.1 tons[135]. - The NOx emission concentration was recorded at 383 mg/Nm³, significantly below the standard limit of 700 mg/Nm³[135]. - The company generated approximately 297 million kWh of electricity from waste heat recovery in 2022[136]. - The company has implemented a rainwater and sewage diversion system, with treated wastewater used for landscaping[137]. Market Trends - The float glass industry is experiencing a structural oversupply, with significant impacts from the real estate market downturn, the Russia-Ukraine conflict, and recurring pandemic effects, leading to a substantial decline in product gross margins and overall profitability[27]. - The demand for energy-saving glass is expected to increase due to new regulations and heightened consumer awareness, despite intensified competition in the market[27]. - The photovoltaic glass market is benefiting from rapid growth in the solar energy sector, with significant increases in production capacity and demand expected in 2023[29]. - The implementation of the "14th Five-Year" renewable energy development plan is expected to further boost the photovoltaic industry, enhancing the demand for photovoltaic glass[29]. Shareholder Engagement - The company held multiple shareholder meetings in 2022, including the third on July 27, which approved two proposals related to project management and capital increase for a subsidiary[78]. - The fourth shareholder meeting on October 12 approved three proposals, including a draft for the long-term employee stock ownership plan[78]. - The fifth shareholder meeting on November 28 approved ten proposals, including the spin-off of a subsidiary for listing on the Growth Enterprise Market[78]. - The company is committed to maintaining transparency by publishing announcements in major financial newspapers and on the Shanghai Stock Exchange website[78]. Future Outlook - The company aims to achieve revenue exceeding 15 billion yuan in 2023, focusing on stable development and high-quality products[69]. - The company plans to enhance product quality and optimize product structure through technological upgrades and talent acquisition[70]. - The company is actively pursuing the replacement of low-boron and sodium-calcium pharmaceutical glass with neutral borosilicate glass, capitalizing on significant market opportunities[67]. - The company is committed to continuous innovation in technology, processes, and equipment to improve environmental performance[70].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,130,753,381.06, representing a year-on-year increase of 2.21%[4] - Net profit attributable to shareholders of the listed company was CNY 112,644,894.02, a decrease of 78.42% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 64,659,397.06, down 86.63% year-on-year[4] - Basic earnings per share were CNY 0.0420, a decrease of 78.38% year-on-year[4] - Diluted earnings per share were CNY 0.0446, down 76.61% compared to the same period last year[4] - The total comprehensive income for Q1 2023 was approximately ¥126.36 million, down from ¥514.21 million in Q1 2022, indicating a decrease of approximately 75.5%[21] - The net profit attributable to the parent company for Q1 2023 was approximately ¥112.64 million, a decrease from ¥522.02 million in Q1 2022, representing a decline of about 78.5%[21] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -98,599,010.32, a decline of 77.98% compared to the previous year[4] - Cash inflows from operating activities for Q1 2023 totaled approximately ¥2.02 billion, down from ¥2.17 billion in Q1 2022, a decrease of about 6.9%[23] - The net cash outflow from operating activities for Q1 2023 was approximately -¥98.60 million, compared to -¥35.47 million in Q1 2022, indicating a worsening cash flow situation[23] - The ending cash and cash equivalents balance for Q1 2023 was approximately ¥3.10 billion, down from ¥4.51 billion at the end of Q1 2022, a decrease of about 31.8%[24] - The company's cash and cash equivalents decreased to approximately 3.22 billion RMB from 3.33 billion RMB at the end of 2022[17] - The company's total current assets amounted to approximately 8.17 billion RMB, an increase from 7.72 billion RMB at the end of 2022[17] Investments and Subsidiaries - The company has approved an investment of approximately RMB 970 million (about $139 million) for two high-performance electronic glass production lines and RMB 780 million (about $112 million) for two neutral borosilicate pharmaceutical glass production lines in Luzhou, Sichuan[11] - The company has increased its investment in Fujian Pharmaceutical Glass by RMB 306 million (about $44 million), raising its registered capital from RMB 100 million to RMB 400 million, increasing its ownership from 67.84% to 91.96%[12] - The company has approved a capital increase of RMB 500 million (about $72 million) for its wholly-owned subsidiary, Zhangzhou Qibin Photovoltaic New Energy Technology Co., Ltd., doubling its registered capital to RMB 1 billion[12] - The company’s subsidiary, Hunan Qibin Electronic Glass Co., Ltd., has completed the registration and establishment procedures for the new production lines in Luzhou[11] - The company’s subsidiary, Tianjin Qibin Energy-saving Glass Co., Ltd., had its frozen assets released following a court settlement, restoring normal operations[11] - The company completed a share buyback of 29,023,678 shares, representing 1.0816% of the total share capital, with a total expenditure of approximately 304.96 million RMB[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 125,872, with the largest shareholder, Fujian Qibin Group Co., Ltd., holding 681,172,979 shares, representing 25.38% of the total[9] - The top ten shareholders do not participate in margin financing or securities lending activities[10] - The company has not disclosed any other significant shareholder relationships or actions that would affect shareholder voting rights[10] Market and Operational Challenges - The decline in net profit was attributed to rising raw material costs and geopolitical conflicts affecting the market[8] - The company is focused on expanding its high-end product market layout to enhance profitability and brand influence[11] Liabilities and Equity - Total assets at the end of the reporting period were CNY 25,921,089,018.60, an increase of 6.09% from the end of the previous year[4] - Total liabilities amounted to ¥12,832,485,368.69 in Q1 2023, compared to ¥11,509,214,926.54 in Q1 2022, indicating an increase of about 11.5%[19] - Long-term borrowings increased to ¥4,962,443,246.96 in Q1 2023 from ¥3,667,842,841.04 in Q1 2022, reflecting a rise of approximately 35.3%[19] - The company's total equity reached ¥13,088,603,649.91 in Q1 2023, compared to ¥12,924,855,154.18 in Q1 2022, indicating an increase of approximately 1.3%[19] Research and Development - Research and development expenses for Q1 2023 were ¥103,639,515.28, down from ¥116,325,417.41 in Q1 2022, showing a decrease of about 10.9%[20]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 6,492,205,791.05, a decrease of 4.99% compared to the same period last year[19]. - Net profit attributable to shareholders was CNY 1,079,172,681.84, reflecting a significant decline of 51.22% year-over-year[19]. - The basic earnings per share decreased to CNY 0.4023, down 51.16% from CNY 0.8237 in the previous year[20]. - The weighted average return on equity dropped to 7.97%, a decrease of 12.73 percentage points compared to the same period last year[20]. - The net cash flow from operating activities was CNY 586,090,870.54, down 75.37% from CNY 2,380,004,183.42 in the previous year[19]. - Total assets increased to CNY 21,596,266,286.88, representing a growth of 3.15% compared to the end of the previous year[19]. - The company reported non-recurring gains of CNY 77,357,713.39, after accounting for tax effects and minority interests[22]. - The company reported total revenue of 649,221,000 CNY, a decrease of 34,065,000 CNY, representing a decline of 4.99% year-on-year[36]. - The net profit attributable to shareholders was 107,917,000 CNY, down 113,315,000 CNY, reflecting a decline of 51.22% year-on-year[36]. - The company produced 59.53 million weight cases of high-quality float glass, a decrease of 750,000 weight cases year-on-year[36]. - The company sold 55.07 million weight cases of high-quality float glass, a decrease of 5.89 million weight cases year-on-year[36]. Market and Industry Trends - The float glass industry is experiencing a structural oversupply, but high-end glass product demand is increasing, leading to technological advancements[25]. - The energy-saving glass market is expected to grow due to government regulations and increasing consumer awareness of energy efficiency[26]. - The company anticipates a gradual recovery in the glass demand as real estate market policies stabilize in the second half of 2022[25]. - High-alumina electronic glass is expected to maintain continuous growth due to increasing demand from large-screen smartphones, automotive displays, and emerging industries like smart home and healthcare[27]. - The domestic pharmaceutical packaging market is projected to grow significantly as neutral borosilicate glass gradually replaces low-borosilicate and soda-lime glass, driven by improved living standards and health awareness[29]. - In the first half of 2022, China's solar power generation capacity increased by 30.88 GW, a year-on-year growth of 137.4%, indicating strong demand for photovoltaic glass[29]. - Photovoltaic glass production capacity saw a year-on-year increase of 121.6% in the first half of 2022, reflecting the rapid development of the photovoltaic industry[29]. - The dual-glass module penetration rate is expected to exceed 60% by 2025, with an annual compound growth rate of over 16.47%, further driving the demand for photovoltaic glass[29]. Company Strategy and Operations - The company operates 25 high-quality float glass production lines and has multiple production lines for photovoltaic glass, high-alumina electronic glass, and neutral borosilicate glass, indicating a robust manufacturing capacity[30]. - The company is advancing its high-end product strategy, with ongoing construction of phase two projects for electronic and pharmaceutical glass, aiming to expand production scale and market share[34]. - The company is implementing a share repurchase plan and major shareholder increase plan to enhance its market image and brand value[34]. - The company is focusing on optimizing its product structure and enhancing quality to strengthen its competitive position in the glass industry[34]. - The company is actively pursuing resource strategies to improve production safety and expand cost advantages, contributing to its long-term growth[34]. - The company is accelerating the development of photovoltaic glass and related projects, as well as expanding electronic and pharmaceutical glass production[37]. - The company aims to enhance its R&D capabilities for high-end products and improve risk control to ensure development quality[37]. Financial Management and Investments - The company is investing approximately ¥312,000 million in two new photovoltaic glass production lines in Sabah, Malaysia, and ¥85,000 million in a quartz sand production base[48]. - The company plans to invest approximately ¥49,167 million in distributed photovoltaic power generation projects with a total installed capacity of 143.02MWp across multiple locations[49]. - A total investment of approximately ¥518,000 million is planned for four new photovoltaic glass production lines in Zhaotong, Yunnan[51]. - The company is also investing approximately ¥114,000 million in a second phase of photovoltaic glass production line construction in Zhangzhou, Fujian[52]. - The company reported a total investment of 246.62 million RMB for the capital increase of its subsidiary, Liling Electronic Glass, increasing its registered capital from 476.69 million RMB to 600 million RMB[116]. - The company has committed to complete the exit from existing financial business investments by December 31, 2021, and will not make new investments in financial businesses for 36 months after the fundraising is completed[107]. Environmental and Social Responsibility - The company has implemented a rainwater and sewage separation system, with treated wastewater used for landscaping[90]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[94]. - The company has established a comprehensive emergency response plan for environmental incidents, including 17 specialized plans and 15 on-site response plans[92]. - The company’s pollution control facilities meet or exceed national and local environmental standards, with real-time monitoring of emissions[89]. - The company has engaged in community support activities, including providing assistance to vulnerable groups and promoting charitable initiatives[102]. - The company has reduced carbon emissions by optimizing fuel usage and improving combustion processes, aligning with national carbon neutrality goals[101]. - The company invested approximately 130 million RMB in environmental governance during the reporting period, focusing on daily operational expenses and optimization of environmental technology upgrades[99]. Corporate Governance and Compliance - The company completed the election of the fifth board of directors and the fifth supervisory board on April 22, 2022, with the chairman being He Wenjin[77]. - The fifth board of directors consists of 11 members, including 4 independent directors and 7 non-independent directors[78]. - The company appointed Zhang Baizhong as the president and Zhang Guoming as the CFO during the board restructuring[78]. - The company has confirmed that there are no major violations or penalties involving its directors, supervisors, or senior management during the reporting period[110]. - The company emphasizes the importance of accurate financial disclosure and internal control, aiming for high-quality development and improved financial reporting standards[111]. - The company maintains a strong commitment to compliance with laws and regulations, ensuring good integrity status without any significant debts or court judgments pending[112]. - The company has established a good reputation in the capital market through its compliance and operational integrity[112]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 163,423[127]. - Fujian Qibin Group Co., Ltd. holds 681,172,979 shares, accounting for 25.36% of total shares[129]. - Yu Qibing directly holds 402,500,000 shares, representing 14.98% of total shares[132]. - The total shareholding of Yu Qibing and his associate Yu Yong increased from 40.34% to 41.16%, totaling 1,105,685,901 shares[132]. - The company issued 1.5 billion RMB in convertible bonds, with a net fundraising amount of 1.487 billion RMB after expenses[136]. - The company maintained an "AA+" credit rating for the convertible bonds, indicating strong repayment safety[148]. Risks and Challenges - The company faces risks from the real estate market's dependency, with potential impacts on glass demand due to structural overcapacity and intensified competition, despite expectations of a market recovery[66]. - Rising raw material prices, including soda ash and quartz sand, significantly impact production costs, with the company planning to optimize production processes to mitigate these risks[67]. - The company is expanding its overseas investments, particularly in Malaysia, while acknowledging the risks associated with political, economic, and legal environments in foreign markets[68]. - The company will enhance tracking and analysis of international financial market exchange rate fluctuations to mitigate adverse impacts on financial status due to exchange and interest rate risks[69].