2019 年年度报告 | --- | --- | |---------------------|---------------------------| | | | | 公司代码： 603659 | 公司简称：璞泰来 | | 债券代码： 143119 | 债券简称： PR 璞泰 01 | | 债券代码： 143514 | 债券简称： PR 璞泰 02 | | 可转债代码： 113562 | 可转债简称：璞泰转债 | 上海璞泰来新能源科技股份有限公司 2019 年年度报告 1 / 228 2019 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 安永华明会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人梁丰、主管会计工作负责人韩钟伟及会计机构负责人（会计主管人员）韦富桂声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2019 年年度利润分配方 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,177,300,177.60, representing a 58.04% increase compared to CNY 1,377,696,364.17 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 263,803,143.72, a 2.62% increase from CNY 257,063,708.12 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 239,671,376.33, which is an 8.53% increase from CNY 220,841,064.58 year-on-year[17]. - The net cash flow from operating activities was CNY 196,547,072.45, a significant improvement of 364.45% compared to a negative cash flow of CNY -74,322,343.95 in the same period last year[17]. - The total assets of the company reached CNY 7,705,638,678.47, which is a 15.69% increase compared to CNY 6,660,461,107.69 at the end of the previous year[17]. - Basic earnings per share for the reporting period (1-6 months) increased by 3.39% to CNY 0.61 compared to the same period last year[18]. - The weighted average return on equity decreased by 0.82 percentage points to 8.93% compared to the previous year[18]. Business Operations - The company’s main business includes the R&D, production, and sales of key materials for lithium-ion batteries and automation equipment[22]. - The production model is based on "order-based production" with a focus on market forecasts and maintaining appropriate inventory levels[25]. - The company is expanding its production capabilities with new projects, including a 50,000-ton graphite processing base that has commenced operations[24]. - Strategic partnerships with leading battery manufacturers such as ATL and CATL have been established to ensure stable business relationships[25]. - The company is advancing the construction of a production base for high-performance lithium-ion battery anode materials, with an investment progress of nearly 70% and an expected annual shipment of over 50,000 tons[39]. - The company is focusing on R&D in the field of anode materials, collaborating with institutions like the Chinese Academy of Sciences to enhance product development and technological innovation[33]. Market Trends - The demand for power batteries in the new energy vehicle sector saw a significant increase, with a 48.5% growth in production and sales of new energy vehicles in the first half of 2019[26]. - The installed capacity of power batteries in China reached 30.01 GWh in the first half of 2019, representing a year-on-year growth of 94.29%[26]. - The cumulative operational scale of electrochemical energy storage in China is expected to reach 1.92 GWh by the end of 2019, with an annual growth rate of 89%[28]. - The lithium-ion battery industry is projected to maintain over 70% annual growth rate in 2020, with expectations to exceed 10 GWh in 2022 and approach 20 GWh in 2023[28]. Research and Development - The company has developed high-end anode materials with international leading levels, meeting fast charging requirements and featuring high capacity and long cycle life[29]. - The company has made significant advancements in high-speed coating technology, improving efficiency and reducing production costs for clients[30]. - The company is committed to developing new products and processes, with ongoing research in solid-state and fuel cell technologies[32]. - The company has integrated resources for separator base film, coating materials, and processing technology, achieving cost reductions while enhancing battery performance[31]. Financial Position - The company reported a significant increase in fixed assets, reaching CNY 1,130,235,080.50, up 66.13% compared to the previous period, due to the completion of expansion projects[58]. - Short-term borrowings increased to CNY 1,051,582,000.00, reflecting a 151.88% rise as the company sought additional funds to support business growth[58]. - The company's total liabilities as of June 30, 2019, were CNY 4,496.81 million, compared to CNY 3,539.26 million at the end of 2018, marking an increase of approximately 27.2%[113]. - The company's cash and cash equivalents decreased to CNY 1,112.00 million from CNY 1,334.27 million, a decline of about 16.6%[111]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,137[92]. - The largest shareholder, Liang Feng, held 130,914,010 shares, representing 30.12% of the total shares[93]. - The company does not plan to distribute profits or increase capital reserves for the first half of 2019, with no dividends or stock bonuses proposed[65]. Risk Factors - The company faces risks from macroeconomic fluctuations and potential structural overcapacity in the lithium battery materials industry, which could adversely affect performance[60]. - The company faces uncertainties in the commercialization of new technologies and products, which may impact future performance if not successfully developed[63]. Accounting Policies - The financial statements are prepared based on the going concern principle, in accordance with the accounting standards issued by the Ministry of Finance[139]. - The company’s accounting policies include specific estimates related to expected credit losses and inventory valuation methods[140]. - The company applies a control-based approach to determine the scope of consolidated financial statements, including all subsidiaries[147]. Corporate Governance - The company has appointed Ernst & Young Hua Ming as the auditing firm for the fiscal year 2019, effective from the date of the shareholders' meeting[68]. - The company maintains a good integrity status, with no significant debts or court judgments outstanding during the reporting period[70].

Financial Performance - The company's operating revenue for 2018 was CNY 3,311,025,339.14, representing a 47.20% increase compared to CNY 2,249,358,777.21 in 2017[19]. - The net profit attributable to shareholders for 2018 was CNY 594,257,759.99, a 31.80% increase from CNY 450,865,833.88 in 2017[19]. - The net cash flow from operating activities for 2018 reached CNY 326,315,354.11, a significant increase of 777.69% compared to CNY 37,179,031.05 in 2017[19]. - The total assets at the end of 2018 were CNY 6,660,461,107.69, reflecting a 53.51% increase from CNY 4,338,877,027.77 at the end of 2017[19]. - The basic earnings per share for 2018 was CNY 1.37, up 15.13% from CNY 1.19 in 2017[20]. - The weighted average return on equity for 2018 was 22.39%, a decrease of 10.06 percentage points from 32.45% in 2017[20]. - The company achieved an annual revenue of 3.311 billion yuan, representing a year-on-year growth of 47.20%[46]. - The net profit attributable to shareholders reached 594 million yuan, with a year-on-year increase of 31.80%[46]. - The company achieved a main business revenue of 3,307.33 million yuan, a year-on-year increase of 47.50%[53]. Dividend Policy - The company plans to distribute a cash dividend of 4.2 RMB per 10 shares, totaling 182,572,110 RMB based on a total share capital of 434,695,500 shares as of the end of 2018[4]. - The cash dividend per 10 shares was RMB 4.20 in 2018, an increase from RMB 3.13 in 2017[129]. - In 2018, the company distributed cash dividends totaling RMB 182,572,110, representing 30.72% of the net profit attributable to ordinary shareholders[129]. - The company has a cash dividend policy prioritizing cash distributions, with a minimum cash dividend ratio of 10% of the distributable profit when conditions are met[123]. - In mature stages without major capital expenditures, the company aims for cash dividends to constitute at least 80% of profit distribution[124]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[3]. - The company has confirmed that there are no violations in decision-making procedures for external guarantees[6]. - The company has not faced any risks of suspension or termination of its listing during the reporting period[136]. - The company has not reported any significant litigation or arbitration matters beyond those already disclosed[137]. - The company has not made any changes to its accounting policies or estimates that would impact its financial reporting[132]. Operational Overview - The company operates several wholly-owned subsidiaries across various regions, enhancing its operational footprint[10]. - The company focuses on the research, production, and sales of key materials and automated process equipment for lithium-ion batteries[27]. - The main products include anode materials, automated coating equipment, separator base films, and aluminum-plastic packaging films[28]. - The company aims to provide comprehensive solutions for lithium-ion battery materials and processes, positioning itself as a world-class enterprise in this field[27]. - The company utilizes both external procurement and outsourcing for its raw materials, ensuring quality and competitive pricing through strategic supplier partnerships[31]. Market Position and Strategy - The company’s products are positioned in the mid-to-high-end market, primarily sold to renowned lithium battery manufacturers such as ATL, CATL, and BYD, establishing long-term stable business relationships[33]. - The company has entered the supply chains of major global clients such as ATL, CATL, and Tesla, expanding its market presence[44]. - The company aims to leverage its advantages to continuously increase its market scale while promoting collaborative development within the industry[35]. - The company is focusing on asset quality and management efficiency to navigate challenges posed by rising raw material costs and market pressures[46]. Research and Development - The company emphasizes R&D investment, collaborating with renowned research institutions to maintain product innovation and competitiveness[42]. - The company has developed advanced technologies in negative electrode materials and graphite processing, producing high-end materials with international leading levels, characterized by high capacity and long cycle life[37]. - The company has made significant progress in the development of new products and technologies, including high-performance coating materials and automated equipment[54]. - The company is committed to advancing the research and development of next-generation power batteries and innovative battery materials[83]. Risk Management - The company has outlined potential risk factors and their impacts in the section discussing future development[6]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, urging caution regarding investment risks[5]. - The company faces risks from macroeconomic fluctuations and excess capacity in downstream industries, which could negatively impact performance if customer credit risks are not effectively managed[117]. - The domestic lithium battery materials and equipment industry is experiencing intensified competition, leading to significant price volatility and affecting profitability[118]. Social Responsibility - The company initiated a project in Zhuozi County, a national-level poverty-stricken area, to produce 50,000 to 60,000 tons of lithium-ion battery anode materials annually[148]. - The company trained 61 individuals from impoverished backgrounds through professional skills training programs[148]. - The company donated RMB 48,000 to support 8 students from impoverished families[148]. - The company’s poverty alleviation efforts included an investment of RMB 7.65 million in various initiatives[149]. - The company has implemented regular environmental monitoring to ensure compliance with pollution standards, including waste gas and wastewater management[153]. Governance and Management - The company has established a management holding platform through Ningbo Huineng Investment Partnership (Limited Partnership), with Liang Feng as the executive partner[182]. - The board of directors consists of 5 members, including 2 independent directors, ensuring effective governance and oversight[191]. - The company has implemented a structured governance framework, including various committees to oversee strategic and operational decisions[190]. - The company has established a dedicated board secretary responsible for information disclosure, ensuring transparency and equal access to information for all shareholders[192]. Employee and Workforce - The total number of employees in the parent company is 33, while the main subsidiaries employ 2,424, resulting in a total of 2,457 employees[185]. - The company has a diverse employee educational background, with 50 holding postgraduate degrees, 348 with bachelor's degrees, and 359 with associate degrees[186]. - The company emphasizes a compensation policy that aligns with its strategic goals, focusing on ability, responsibility, and performance[187]. - The company has established a comprehensive training program aimed at enhancing employee skills and organizational performance[188].

2018 年第三季度报告 公司代码：603659 公司简称：璞泰来 上海璞泰来新能源科技股份有限公司 2018 年第三季度报告 2.1 主要财务数据 | | | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | --- | | | 本报告期末 | | 上年度末 | 本报告期末比上年度末增 | | | | | | | | 减(%) | | | | 总资产 | 6,028,267,830.76 | | 4,338,877,027.77 | 38.94 | | | | 归属于上市公司 | 2,741,331,120.20 | | 2,447,209,143.29 | | | 12.02 | | 股东的净资产 | | | | | | | | | 年初至报告期末 | | 上年初至上年报告期末 | 比上年同期增减(%) | | | | | （1-9 | 月） | （1-9 月） | | | | | 经营活动产生的 现金流量净额 | 179,209,766.85 | | -39,264,256.97 | | | 556.42 | | | 年初至报告期末 ...

Financial Performance - The company's operating revenue for the first half of 2018 reached ¥1,377,696,364.17, representing a 44.34% increase compared to ¥954,506,385.54 in the same period last year[21] - The net profit attributable to shareholders of the listed company was ¥257,063,708.12, up 31.29% from ¥195,799,543.25 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥220,841,064.58, reflecting a 22.22% increase from ¥180,693,828.75 year-on-year[21] - Basic earnings per share for the first half of the year increased by 11.32% to CNY 0.59 compared to the same period last year[22] - The company's anode materials business generated sales revenue of 844.4587 million RMB, up 33.81% year-on-year[51] - The lithium battery equipment business reported sales revenue of 263.3568 million RMB, reflecting a growth of 12.65% compared to the previous year[53] - The separator coating and processing business achieved sales revenue of 85.9190 million RMB, marking a year-on-year increase of 32.67%[55] - The aluminum-plastic packaging film business realized sales revenue of 25.1003 million RMB, with a growth of 29.18% year-on-year[56] - The company's operating profit was ¥297,771,846.73, an increase of 37.8% compared to ¥216,060,642.53 in the same period last year[132] - Net profit for the first half of 2018 was ¥258,914,016.87, representing a 32.2% increase from ¥195,799,543.25 in the prior year[132] Cash Flow and Financial Position - The net cash flow from operating activities was -¥74,322,343.95, a significant decline compared to -¥11,756,950.24 in the same period last year, indicating a 532.16% decrease[21] - The company reported a net cash outflow from investing activities of -¥507,532,681.15, primarily due to investments in production capacity expansion[61] - Cash flow from financing activities increased by 84.42% to ¥485,536,702.71, mainly from increased bank loans and bond issuance to meet funding needs[61] - The company's total assets increased significantly, with accounts receivable decreasing by 39.54% to ¥107,527,658.95, while prepayments surged by 289.57% to ¥149,513,450.37 due to business growth[63] - The total cash and cash equivalents at the end of the period were CNY 998,903,211.76, down from CNY 1,096,542,958.88 at the beginning of the period[139] - The net cash flow from financing activities was -¥50,046,413.24, a significant decline from a positive cash flow of ¥197,775,616.70 in the previous period, indicating challenges in financing[142] Research and Development - The company focuses on R&D, production, and sales of key materials and equipment for lithium-ion batteries, including anode materials and automated coating machines[27] - The company has established a strong R&D collaboration with institutions like the Chinese Academy of Sciences, enhancing its anode material development capabilities[40] - The company has implemented a multi-dimensional technology R&D innovation system, achieving breakthroughs in domestic technology for coated separators and aluminum-plastic packaging films[41] - The company is focusing on R&D for new technologies and processes, including the development of oil-based PVDF coating processes for separators[55] Market and Industry Trends - The production volume of new energy vehicles in the first half of 2018 reached 413,000 units, representing a year-on-year growth of 94.9%[33] - The total installed capacity of power batteries in the first half of 2018 was approximately 15.54 GWh, a year-on-year increase of 168%[33] - The market for consumer batteries is expected to maintain stable demand, while new applications like drones and VR are growing rapidly[32] - The energy storage battery market is anticipated to expand significantly, driven by increasing commercial applications and domestic planning[35] Risks and Challenges - The company faces risks from macroeconomic fluctuations and potential overcapacity in downstream industries, which could adversely affect performance[69] - Increased market competition in the lithium battery materials and equipment sector may lead to significant price volatility and impact profitability[69] - Raw material price fluctuations pose a risk, as the company relies on external procurement for key materials[69] Corporate Governance and Structure - The company has a governance structure that includes a board of directors, supervisory board, and various specialized committees[155] - The company has maintained its ability to continue as a going concern for the next 12 months[158] - The financial statements are prepared in accordance with the accounting standards for enterprises, reflecting the company's financial position and operating results accurately[160] Community Engagement and Social Responsibility - The company has trained 30 individuals from impoverished backgrounds through professional skills training programs[86] - A total of RMB 25,000 has been invested to support 3 impoverished students in the community[86] - The employee mutual aid fund has assisted 4 employees in need, with a total aid amount of RMB 22,000[86] - The company aims to prioritize the recruitment of impoverished individuals, reserving 20 positions annually for them[85] - The total financial input for poverty alleviation efforts is RMB 5.02 million, with no documented cases of poverty alleviation among registered impoverished individuals[87] Financial Instruments and Accounting Policies - The company recognizes goodwill when the purchase cost exceeds the fair value of identifiable net assets acquired in a business combination[166] - Financial instruments are classified and measured at fair value upon initial recognition, with transaction costs recognized in profit or loss for certain categories[180] - The company uses the effective interest method for subsequent measurement of financial assets and liabilities[183] - The company applies an aging analysis method for accounts receivable impairment, with specific percentages for different aging categories, such as 5% for within 1 year and 100% for over 5 years[199]

公司代码：603659 公司简称：璞泰来 上海璞泰来新能源科技股份有限公司 2018 年第一季度报告 上海璞泰来新能源科技股份有限公司 2018 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 上海璞泰来新能源科技股份有限公司 2018 年第一季度报告 一、 重要提示 √适用 □不适用 二、 公司基本情况 单位：元 币种：人民币 2.1 主要财务数据 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | -9,557.12 | 固定资产处置损失 | | 越权审批，或无正式批准文件，或 | | | | 偶发性的税收返还、减免 | | | | 计入当期损益的政府补助，但与公 | 23,729,982.26 | 各类补贴款 | | 司正常经营业务密切相关，符合国 | | | | 家政策规定、按照一定标准定额或 | | | | 定量持续享受的政府补助除外 | | | | 计入当期损益的对非金融企业收取 | | | | 的资金占用 ...

Financial Performance - The company's operating revenue for 2017 reached ¥2,249,358,777.21, representing a 34.10% increase compared to the previous year[24]. - Net profit attributable to shareholders was ¥450,865,833.88, a 27.47% increase year-over-year[24]. - The basic earnings per share for 2017 was ¥1.19, reflecting a 23.96% increase from ¥0.96 in 2016[25]. - The total assets of the company at the end of 2017 amounted to ¥4,338,877,027.77, a 122.86% increase from the previous year[24]. - The net cash flow from operating activities for 2017 was ¥30,496,231.05, a significant decrease of 85.70% compared to the previous year[24]. - The weighted average return on equity decreased to 32.45%, down by 10.66 percentage points from 43.11% in 2016[26]. - The company reported a quarterly revenue of ¥698,513,617.93 in Q4 2017, with a net profit of ¥126,933,328.07 for the same period[28]. - Non-recurring gains and losses for 2017 totaled ¥24,731,594.59, a decrease from ¥42,635,187.75 in 2016[31]. - The company's net assets attributable to shareholders increased by 145.34% to ¥2,447,209,143.29 at the end of 2017[24]. Dividend Policy - The company plans to distribute a cash dividend of 3.13 RMB per 10 shares, totaling 135,436,007.70 RMB based on a total share capital of 432,702,900 shares as of the end of 2017[5]. - The company proposed a cash dividend of 3.13 RMB per 10 shares for the year 2017, with a total cash dividend amounting to 135,436,007.70 RMB, representing 30.04% of the net profit attributable to ordinary shareholders[147]. - The company did not distribute any dividends in 2015 and 2016, as it was not yet listed and retained earnings were not allocated[147]. - The company must disclose reasons for not proposing a cash dividend when profits are available, along with the intended use of undistributed profits[148]. - The company’s profit distribution policy can be adjusted in cases of force majeure or significant changes in operational conditions, but must comply with relevant laws and regulations[144]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[4]. - The company has engaged Zhonghui Certified Public Accountants for auditing, ensuring compliance and transparency in financial reporting[21]. - The company has not violated decision-making procedures for providing guarantees[7]. - The company must complete the distribution of dividends within two months after the shareholders' meeting decision[143]. - Independent directors are responsible for ensuring that the profit distribution policy is executed in accordance with the company’s articles of association and shareholder resolutions[145]. Business Operations and Strategy - The company focuses on the upstream key materials and automation equipment for lithium-ion batteries, aiming to become a world-class provider of comprehensive solutions in this field[34]. - The main business includes the R&D, production, and sales of key materials such as anode materials, automated coating machines, coated separators, and aluminum-plastic packaging films[34]. - The production model is based on "order-based production with moderate inventory" to meet customer demands and market forecasts[37]. - The company is strategically reducing reliance on outsourced processing by enhancing its own production capabilities in key processes[36]. - The company’s sales strategy primarily involves direct sales to battery manufacturers, focusing on technical marketing to meet diverse customer needs[37]. Market Trends and Challenges - The demand for consumer batteries is driven by new applications such as VR, drones, and wearable devices, with a projected CAGR of nearly 80% for the VR industry from 2016 to 2020[39]. - The power battery market, particularly for electric vehicles, saw a production of 794,000 units in 2017, with a year-on-year growth of 21% in installed lithium-ion battery capacity[39]. - The company faces challenges in 2018 due to a shift in demand and increased competition in the lithium battery market, as government subsidies are gradually reduced[42]. - The company is focusing on the domestic market, with 92.01% of its revenue generated from domestic sales, amounting to 206,297.37 million RMB[108]. Research and Development - The company aims to become a leading provider of lithium-ion battery materials and automation solutions, emphasizing R&D and technology development[45]. - The company is focusing on R&D for ultra-thin separators and has initiated trials for new bonding and coating technologies to enhance product performance[62]. - The company plans to establish research centers for anode materials, coating equipment, and coating processes to enhance its R&D capabilities and develop high-performance lithium-ion battery materials[124]. - The company is actively collaborating with research institutions and downstream manufacturers to drive technological advancements and meet market demands[61]. Financial Management - The company improved its financial management and cost control, leading to stable gross profit margins despite rising raw material costs[66]. - The main business cost increased to approximately 1.42 billion RMB, with a year-on-year growth of 29.15%[76]. - Research and development expenses rose to approximately 94.61 million RMB, reflecting a 35.31% increase compared to the previous year[76]. - The company has established a talent development strategy to strengthen internal talent cultivation and attract external talent, ensuring a robust talent pool for sustainable growth[134]. Shareholder Structure - The top shareholder, Liang Feng, holds 130,914,010 shares, representing 30.2% of the total shares[188]. - The total number of shares held by the top five shareholders is 307,868,099, which is 66.2% of the total shares[188]. - The company does not have any controlling shareholder or actual controller changes during the reporting period[193]. - The company’s actual controller, Liang Feng, is also the chairman and director, with no foreign residency rights[195].