江苏鼎胜新能源材料股份有限公司 （江苏镇江京口经济开发区） 2022 年度向特定对象发行 A 股股票 申请文件审核中心意见落实函之回复报告 （修订稿） 保荐人（主承销商） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 江苏鼎胜新能源材料股份有限公司 2022 年度向特定对象发行 A 股股票 申请文件审核中心意见落实函之回复报告（修订稿） 上海证券交易所： 贵所于 2023 年 7 月 4 日出具的《关于江苏鼎胜新能源材料股份有限公司向 特定对象发行股票的审核中心意见落实函》（上证上审（再融资）〔2023〕451 号） （以下简称"《问询函》"）收悉，中信证券股份有限公司作为保荐人和主承销商， 与发行人、发行人律师、申报会计师对《问询函》所列问题认真进行了逐项落实， 现回复如下，请予审核。 说明： 一、如无特别说明，本回复报告中的简称或名词释义与《江苏鼎胜新能源材 料股份有限公司 2022 年度向特定对象发行 A 股股票募集说明书》（以下简称"《募 集说明书》"）中的相同。 7-1-1-1 黑体（不加粗） 《问询函》所列问题 宋体（不加粗） 对《问询函》所列问题的回复 楷体（不加粗） 对《募集 ...

上海市广发律师事务所 关于江苏鼎胜新能源材料股份有限公司 向特定对象发行股票的 电话：021-58358013 | 传真：021-58358012 网址：http://www.gffirm.com | 电子信箱：gf@gffirm.com 办公地址：上海市浦东新区南泉北路 429 号泰康大厦 26 楼 | 邮政编码：200120 | 第一部分 言 | 引 | 3 | | --- | --- | --- | | 第二部分 文 | 正 | 4 | | 一、关于发行人因资金占用受到行政处罚和纪律处分的后续整改情况等相关问 | | | | 题的核查（《通知》中落实问题第 2 题） 4 | | | | 二、关于募投项目相关问题的核查（《通知》中落实问题第 3 题） 25 | | | | 三、本次发行的总体结论性意见 29 | | | 补充法律意见（五）（二次修订稿） 上海市广发律师事务所（以下简称"本所"）接受江苏鼎胜新能源材料股份 有限公司的委托，作为其申请向特定对象发行股票工作的专项法律顾问，已于 2022 年 10 月 14 日出具了《上海市广发律师事务所关于江苏鼎胜新能源材料股 份有限公司非公开发行股票的律师工 ...

证券代码：603876 证券简称：鼎胜新材 公告编号：2023-097 债券代码：113534 债券简称：鼎胜转债 特此公告。 江苏鼎胜新能源材料股份有限公司 关于向特定对象发行股票的审核中心意见落实函回 复（修订稿）的公告 江苏鼎胜新能源材料股份有限公司 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。 江苏鼎胜新能源材料股份有限公司（以下简称"公司"）于2023年7月4 日收到上海证券交易所（以下简称"上交所"）出具的《关于江苏鼎胜新能 源材料股份有限公司向特定对象发行股票的审核中心意见落实函》（上证上 审（再融资）[2023]451号）（以下简称"《落实函》"）。 公司收到《落实函》后，会同本次发行相关中介机构对《落实函》提出 的问题进行了认真的研究和逐项落实，具体内容详见公司于2023年7月11日披 露于上海证券交易所网站（www.sse.com.cn）的《江苏鼎胜新能源材料股份 有限公司2022年度向特定对象发行A股股票申请文件审核中心意见落实函之回 复报告》等文件。 公司会同相关中介机构对部分回复内容进行了补充 ...

证券代码：603876 证券简称：鼎胜新材 公告编号：2023-096 债券代码：113534 债券简称：鼎胜转债 江苏鼎胜新能源材料股份有限公司 关于为全资子公司提供担保的公告 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： 一、担保情况概述 （一）担保基本情况简介 为满足鼎胜进出口日常经营需要，需向广发银行股份有限公司杭州清泰支 行（以下简称"广发银行"）申请综合授信，公司为鼎胜进出口提供金额为人民 币 5,000.00 万元的最高额连带保证责任。 （二）担保事项履行的内部决策程序 担保人名称：江苏鼎胜新能源材料股份有限公司（以下简称"公司"） 被担保人名称：公司全资子公司杭州鼎胜进出口有限公司（以下简称 "鼎胜进出口"） 本次担保金额及已实际为其提供的担保余额：本次公司为鼎胜进出口担 保的金额为5,000.00万元，截止目前公司及子公司为鼎胜进出口实际提 供的担保余额为人民币0.00万元。 本次担保是否有反担保：无 对外担保逾期的累计数量：无 及签署相关担保文件。具体内容详见公司于2023年4月28 ...

Capital Structure and Dividends - The company increased the registered capital of its subsidiary Dingheng by $45 million, raising its ownership stake from 80% to 88.06%[3] - The company plans to distribute cash dividends of RMB 421,796,284.56 (including tax) to shareholders, with a proposed capital increase of 8 shares for every 10 shares held[31] - The company’s total share capital is expected to increase to 882,829,432.80 shares after the proposed capital increase is completed[31] Financial Performance - In 2022, the company achieved total aluminum sales of approximately 753,900 tons, with total assets increasing by 35.01% to approximately RMB 21.954 billion[51] - The company's operating revenue reached approximately RMB 21.605 billion, representing an increase of 18.92% compared to the previous year[51] - Net profit attributable to the parent company was RMB 1.382 billion, a year-on-year increase of 221.26%[51] - Basic earnings per share rose to RMB 2.82, a 200% increase from RMB 0.94 in 2021[43] - The weighted average return on equity increased to 24.39%, up 14.39 percentage points from 10% in 2021[43] - The total equity attributable to shareholders of the parent company increased by 28.11% to approximately RMB 6.304 billion[51] - The net cash flow from operating activities was approximately ¥1.82 billion, up 160.55% from ¥699 million in the previous year[67] - The company’s net assets increased by 28.11% to approximately ¥6.30 billion at the end of 2022, compared to ¥4.92 billion at the end of 2021[67] - The total assets of the company grew by 35.01% to approximately ¥21.95 billion in 2022, up from ¥16.26 billion in 2021[67] Product Development and Innovation - The company aims to enhance its market share and profitability by focusing on new energy and new materials sectors, leveraging its leading position in the aluminum foil industry[6] - The company will invest in the development of key products such as double-zero foil, brazing foil, and battery foil, emphasizing technological innovation and cost reduction[7] - The company plans to optimize its production processes through research and development collaborations, aiming to improve product performance and yield rates[7] - The company has developed a new generation of aluminum foil for lithium batteries using a "casting-rolling" process, significantly reducing production costs and enhancing market competitiveness[90] - The company has diversified its product offerings into four main categories, including packaging aluminum foil and new energy materials, covering a wide range of applications in the economy[91] - The company has established multiple provincial and municipal-level R&D platforms, enhancing its technological innovation capabilities[113] - The increase in research and development expenses is attributed to heightened investment in innovation during the reporting period[95] - Research and development expenses amounted to CNY 999.52 million, an increase of 60.77% year-on-year[116] - The company holds a total of 232 patents, including 74 invention patents, with the number of invention patents increasing annually[115] Market Position and Strategy - The company is positioned to benefit from supportive national policies aimed at promoting the aluminum processing industry and the rapid development of the new energy vehicle sector[5] - The company has established strategic partnerships with major battery manufacturers, including CATL and BYD, to enhance its position in the lithium battery aluminum foil market[106] - The company is focusing on expanding its production capacity for high-end aluminum foil products, particularly for lithium batteries, to meet increasing market demand[106] - The company has maintained a stable customer base with no significant loss of major clients, which supports future growth and market expansion[108] - The company has a strong competitive advantage due to its scale, which allows for lower fixed costs and improved production efficiency[109] - The company has a strong marketing team and plans to implement a "global, hierarchical, and specialized" market development strategy to adapt to increasing competition and expand its market presence[170] Operational Efficiency and Cost Management - The company has implemented a cost control strategy to improve production efficiency and reduce costs by replacing expensive imported equipment with advanced domestic alternatives[8] - The company optimized its product structure, significantly increasing the proportion of battery foil and packaging foil products[51] - The company implemented lean management practices to reduce costs and improve efficiency across various dimensions, including production and logistics[52] - The company has a complete industrial chain from "casting-rolling-cold rolling-foil rolling-coating-oxidation-shearing," enhancing production flexibility and competitiveness[154] Risk Management - The company is exposed to foreign exchange risks due to its export transactions primarily settled in USD, which may impact its operating performance[10] - The company faces risks from international trade protection policies that could impact export competitiveness and profitability due to anti-dumping and countervailing duties imposed by various countries[173] - The company has a risk of potential environmental pollution incidents due to its large production scale and complex production environment, which could negatively impact its business and brand[176] - The company’s main raw materials for aluminum foil products are aluminum ingots, with pricing linked to the average market price of aluminum ingots, which exposes it to price volatility risks[172] Governance and Compliance - The company emphasizes the importance of transparency and governance, ensuring compliance with legal requirements during shareholder meetings[13] - The company has established a governance structure that includes a general meeting of shareholders, a board of directors, a supervisory board, and a management team, ensuring clear responsibilities and effective checks and balances[177] - The board of directors has formed specialized committees, including a strategy committee, nomination committee, audit committee, and compensation and assessment committee, to ensure compliance and effective decision-making[178] - The company has a complete set of management systems to ensure the authenticity and accuracy of information disclosure, complying with regulatory requirements[163] - The company adheres to legal requirements and continuously improves its governance structure in accordance with the Company Law and other regulations[177] Environmental Responsibility - The company emphasizes environmental protection, having implemented an "Environmental Impact Assessment System" and obtained pollution discharge permits, with all environmental facilities operating normally during the reporting period[176]

Financial Performance - The company's operating revenue for Q1 2023 was ¥4,508,576,861.36, representing a decrease of 20.17% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was ¥154,683,820.37, down 28.18% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥142,132,147.85, a decrease of 25.99% compared to the previous year[2]. - The company reported a comprehensive income total of ¥156,710,650.00 for the quarter, compared to ¥221,013,467.65 in the same quarter last year[11]. - Basic earnings per share for Q1 2023 were ¥0.32, down from ¥0.44 in Q1 2022[11]. - The net profit for the first quarter of 2023 was CNY 154,318,308.81, a decrease of 28.38% compared to CNY 215,417,143.40 in the same period of 2022[26]. - Total operating profit for the first quarter was CNY 186,477,163.89, down from CNY 240,080,816.60 in the previous year, reflecting a decline of 22.36%[26]. - The company reported a total revenue of CNY 184,178,803.12, compared to CNY 245,898,660.12 in the same quarter last year, indicating a decrease of 25.06%[26]. - The company's basic earnings per share for Q1 2023 was ¥0.32, a decrease of 29.55% year-on-year[48]. Operating Costs and Expenses - The total operating costs for Q1 2023 were ¥4,252,675,419.59, down from ¥5,372,487,632.04 in Q1 2022[25]. - Research and development expenses amounted to CNY 221,645,361.23, slightly down from CNY 237,153,619.89 year-over-year[26]. - The company recorded a financial expense of CNY 42,449,792.85, significantly lower than CNY 61,511,736.05 in the previous year, a reduction of 30.96%[26]. Cash Flow and Investments - The cash and cash equivalents at the end of the period increased to ¥1,035,235,625.29 from ¥542,126,779.14 at the end of the previous year[13]. - The company invested ¥77,284,675.50 in fixed assets, intangible assets, and other long-term assets during the quarter[13]. - The net cash flow from financing activities was ¥242,392,754.02, an increase from ¥128,172,270.81 in the previous year[13]. - Cash inflow from investment activities was ¥213,319,448.83, compared to ¥78,945,779.99 in the same period last year[45]. - The cash and cash equivalents increased to CNY 8,483,823,023.20 from CNY 7,153,731,403.00, representing a growth of 18.54%[40]. Assets and Liabilities - The total assets as of March 31, 2023, were CNY 16,516,494,384.65, compared to CNY 14,822,187,592.19 at the end of 2022, an increase of 11.43%[40]. - Total assets increased to ¥23,650,578,988.86, up 7.73% from ¥21,954,060,892.02 at the end of the previous year[48]. - The total current liabilities increased to ¥14,939,551,132.58, compared to ¥13,395,572,597.89 in the previous period[48]. - Long-term borrowings stood at ¥1,460,846,618.70, slightly down from ¥1,471,989,590.99 in the previous period[48]. - Total liabilities increased to $17,170,631,919.83 from $15,638,418,705.66, representing a growth of approximately 9.8% year-over-year[55]. - Non-current liabilities totaled $2,231,080,787.25, down from $2,242,846,107.77, indicating a decrease of about 0.5%[55]. Shareholder Equity - The company's equity attributable to shareholders increased to ¥6,468,877,694.43, up 2.61% from ¥6,304,207,300.20 at the end of the previous year[48]. - Total equity attributable to shareholders rose to $6,468,877,694.43 from $6,304,207,300.20, reflecting an increase of about 2.6%[55]. - Unappropriated profits increased to $3,221,358,350.86 from $3,066,674,530.49, marking a growth of approximately 5.0%[55]. - The total equity increased to $6,479,947,069.03 from $6,315,642,186.36, representing an increase of approximately 2.6%[55]. Other Income and Grants - The company received government grants amounting to CNY 9,540,544.31, which are closely related to its normal business operations[35]. - Other comprehensive income rose to $6,640,557.75 from $4,248,216.56, showing an increase of approximately 56.3%[55]. - Deferred income decreased to $36,143,960.05 from $36,954,752.21, a decline of approximately 2.2%[55]. - The company's intangible assets decreased slightly to ¥326,264,213.10 from ¥328,623,711.15 in the previous period[48].

证券代码：603876 证券简称：鼎胜新材 公告编号：2023-034 债券代码：113534 债券简称：鼎胜转债 江苏鼎胜新能源材料股份有限公司 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个别及连带责任。 重要内容提示： 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 05 月 04 日(星期四) 至 05 月 10 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 通过公司邮箱 dingshengxincai@dingshengxincai.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。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 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。 江苏鼎胜新能源材料股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥5,199,953,795.15, representing a year-on-year increase of 7.99%[6] - The net profit attributable to shareholders for Q3 2022 reached ¥436,325,579.51, a significant increase of 294.36% compared to the same period last year[6] - The basic earnings per share for Q3 2022 was ¥0.89, reflecting an increase of 286.96% year-on-year[8] - The net profit attributable to shareholders for the year-to-date was ¥1,033,112,098.60, with a year-on-year increase of 293.27%[6] - The diluted earnings per share for Q3 2022 was ¥0.86, an increase of 218.52% year-on-year[8] - Total operating revenue for the first three quarters of 2022 reached ¥16,645,416,459.53, an increase of 29.0% compared to ¥12,864,212,728.99 in the same period of 2021[34] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was ¥1,033,112,098.60, compared to ¥262,700,189.45 in the same period of 2021, reflecting a significant increase[37] - The total comprehensive income attributable to the parent company reached CNY 1,021,945,636.83, compared to CNY 239,945,619.74 in the same period last year, indicating significant growth[39] - Basic earnings per share increased to CNY 2.12 from CNY 0.59 year-over-year, reflecting improved profitability[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥20,140,506,336.94, up 123.86% from the end of the previous year[9] - The total assets of the company reached ¥20,140,506,336.94 in 2022, up from ¥16,261,178,719.52 in 2021, showing robust growth in asset base[33] - Total liabilities increased to ¥14,180,629,933.66 in 2022 from ¥11,330,020,772.84 in 2021, representing a growth of 25.7%[33] - The total equity attributable to shareholders at the end of the reporting period was ¥5,947,857,720.70, up 120.87% from the previous year[9] - The company's total equity attributable to shareholders rose to ¥5,947,857,720.70 in 2022, up from ¥4,920,929,920.38 in 2021, indicating a growth of 20.8%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,671,112,795.72, showing a year-on-year increase of 896.64%[8] - Cash flow from operating activities amounted to CNY 16,472,211,928.28, up from CNY 9,914,248,294.84 in the previous year, showing a 66.5% increase[43] - The company reported cash and cash equivalents at the end of the period totaling CNY 763,719,367.72, compared to CNY 478,429,307.06 at the end of the same period last year, representing a 59.5% increase[45] - The company received CNY 12,881,985,217.38 in cash from sales of goods and services, a significant increase from CNY 7,548,920,021.54 in the previous year, reflecting strong sales performance[43] - The company paid CNY 8,258,044,128.56 for goods and services, compared to CNY 6,726,784,972.57 in the previous year, indicating increased operational costs[43] - The company reported a total cash inflow from financing activities of CNY 7,411,878,466.18, compared to CNY 6,644,539,695.18 in the previous year, showing an 11.5% increase in financing[45] Shareholder Information - The top shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., holds 28.2% of the shares, totaling 138,704,300 shares[19] - The second-largest shareholder, Beijing Purun Square Equity Investment Center, holds 10.5% of the shares, totaling 51,707,100 shares[19] - The company has a total of 10 major shareholders, with the top 10 holding significant stakes in the company, indicating strong institutional support[19] Operational Highlights - The company reported non-recurring gains and losses of ¥17,558,365.45 for Q3 2022, primarily from government subsidies closely related to normal business operations[10] - Research and development expenses for the first three quarters of 2022 amounted to ¥789,868,605.61, a significant increase from ¥437,236,923.03 in the same period of 2021, reflecting a focus on innovation[34] - The total operating costs for the first three quarters of 2022 were ¥15,250,009,939.52, an increase from ¥12,461,493,731.40 in 2021, reflecting higher operational expenses[34] - The company's cash and cash equivalents amounted to ¥5.16 billion, significantly up from ¥2.12 billion in the previous year, indicating a growth of approximately 143%[25] - The company reported a significant increase in trading financial assets, which rose to ¥722.66 million from ¥311.61 million, a growth of about 132%[28] - The company's inventory stood at ¥3.39 billion, slightly down from ¥3.45 billion, showing a decrease of around 1.6%[28] - The total current assets reached ¥13.34 billion, up from ¥10.03 billion, marking an increase of approximately 33%[28] Financial Management - Financial expenses decreased to ¥60,694,396.43 in 2022 from ¥250,768,551.16 in 2021, indicating improved cost management[37] - The company has not engaged in margin financing or securities lending activities as stated in the report[23] - The company plans to expand its market presence and invest in new technologies to drive future growth[32] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 38,202,947.80, compared to a negative impact of CNY -76,173,003.30 in the previous year, indicating improved currency stability[45]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥11,445,462,664.38, representing a 42.20% increase compared to ¥8,049,002,991.19 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥596,786,519.09, a significant increase of 292.47% from ¥152,058,056.06 in the previous year[24]. - The net cash flow from operating activities was ¥1,151,343,041.75, a turnaround from a negative cash flow of -¥88,037,800.58 in the same period last year, marking a 1,407.78% increase[24]. - The company's total assets at the end of the reporting period were ¥19,886,794,211.79, up 22.30% from ¥16,261,178,719.52 at the end of the previous year[24]. - The basic earnings per share for the first half of 2022 was ¥1.22, an increase of 281.25% compared to ¥0.32 in the same period last year[24]. - The company achieved a total revenue of approximately CNY 11.445 billion in the first half of 2022, representing a year-on-year increase of 42.20%[53]. - The net profit attributable to the parent company was CNY 597 million, a significant increase of 292.47% compared to the same period last year[53]. - Total assets increased by 22.30% to approximately CNY 19.887 billion, while equity attributable to shareholders rose by 11.62% to about CNY 5.493 billion[53]. Stock and Incentive Plans - The company completed the grant of 3.7807 million restricted stocks under the 2022 incentive plan[11]. - The company’s 2022 restricted stock incentive plan was approved in multiple board and shareholder meetings[10]. - The company has completed the registration and capital change for the restricted stock incentive plan with local authorities[10]. - The company completed the registration of 318.07 million restricted stock grants under the 2022 incentive plan[79]. - The company completed the registration of 600,000 reserved restricted stocks under the 2022 incentive plan[81]. - The company issued 3,780,700 new shares, increasing the total share count to 489,767,839 shares[144]. - The company completed the registration of the restricted stock incentive plan on March 23, 2022[161]. - The company granted a total of 575,000 restricted stock units during the reporting period, with no shares unlocked[161]. Research and Development - The company has established multiple provincial and municipal R&D platforms, enhancing its ability to capture industry trends and accelerate the commercialization of technological achievements[48]. - The company has developed a new generation of aluminum foil for power lithium batteries using a "casting-rolling" green manufacturing technology, which significantly reduces production costs and enhances market competitiveness[45]. - Research and development expenses rose significantly by 87.59% to ¥522,034,069.87 from ¥278,286,031.71, indicating increased investment in R&D[57]. - Research and development expenses for the first half of 2022 were ¥522,034,069.87, compared to ¥278,286,031.71 in the same period of 2021, representing an increase of approximately 87.6%[199]. Environmental Management - The company has implemented comprehensive safety management systems to minimize risks of production accidents, although complexities in the production environment still pose potential hazards[69]. - Environmental protection measures are in place, including compliance with environmental impact assessments and certifications, but the company acknowledges potential risks of pollution incidents due to its large-scale operations[69]. - The company is actively pursuing green energy initiatives, including replacing coal with natural gas and installing solar panels to reduce carbon emissions[106]. - The company has established an emergency response plan for environmental incidents, ensuring effective monitoring and management of environmental risks[97]. - The company has committed to enhancing its environmental management practices and has organized training to raise employee awareness of environmental protection[105]. - The wastewater treatment system operates stably, achieving zero discharge after treatment, with the Inner Mongolia subsidiary's wastewater undergoing two-stage purification before reuse[95]. - The company has received administrative penalties totaling RMB 154,000 due to violations related to hazardous waste storage and air pollution control measures[101][102]. Risk Management - The company faces risks related to raw material price fluctuations, particularly in aluminum ingots, which can significantly impact short-term profit levels due to the pricing model based on aluminum prices plus processing fees[68]. - The company exports primarily in USD, exposing it to exchange rate fluctuations that could lead to gains or losses, despite using financial instruments to mitigate these risks[68]. - The company has strengthened its investor relations management, ensuring timely and accurate information disclosure to enhance transparency and stakeholder trust[54]. Corporate Governance - The company has established fair transaction principles to avoid conflicts of interest in related party transactions, ensuring transparency and compliance with regulations[110]. - The commitment to avoid related party transactions includes a requirement for fair pricing based on market standards[110]. - The company has a long-term commitment to adhere to legal and regulatory requirements regarding share transfers and related party transactions[110]. - The company received a warning and a fine of 1.5 million yuan from the Jiangsu Securities Regulatory Bureau due to related party fund occupation and information disclosure violations[118]. - The actual controller and former chairman, Zhou Xianhai, was fined 2.3 million yuan, while the former director and CFO, Li Xiang, was fined 700,000 yuan for their roles in the violations[118]. - The company has committed to enhancing internal management and compliance with laws and regulations to protect investor rights and ensure sustainable development[118]. Subsidiaries and Investments - The company has a total of 15 controlled subsidiaries, with total assets amounting to approximately 1,000,000,000 RMB, and a net profit of 19,567.96 million RMB from its main subsidiary, Wuxing Aluminum[65]. - The company reported a net profit of 16,380.50 million RMB from its subsidiary, Liancheng New Materials, which specializes in the production and sales of aluminum plates and foils[65]. - The company’s subsidiary, Ding Sheng Import and Export, reported a net loss of 909.44 million RMB, indicating challenges in its trading operations[65]. - The company’s total assets across its subsidiaries include significant holdings in aluminum production and trading, with total assets of 373,229.83 million RMB in Liancheng New Materials[65]. Shareholder Information - The number of shareholders reached 14,907 by the end of the reporting period[151]. - The top ten shareholders held a total of 28.36% of shares, with Hangzhou Dingsheng Industrial Group Co., Ltd. holding 138,704,300 shares (28.36%) and Beijing Purun Square Equity Investment Center holding 51,707,100 shares (10.57%)[154]. - The company’s management saw significant increases in shareholdings due to the 2022 restricted stock incentive plan, with one director increasing holdings from 1,700 to 30,000 shares[158]. - The company’s total share capital increased due to the conversion of convertible bonds, impacting financial metrics positively[149].

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,647,405,293.54, representing a year-on-year increase of 65.82%[6] - The net profit attributable to shareholders for Q1 2022 was ¥215,376,939.30, showing a significant increase of 387.45% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥192,035,026.13, reflecting a year-on-year increase of 497.89%[10] - The basic earnings per share for Q1 2022 was ¥0.44, an increase of 340.00% year-on-year[10] - The diluted earnings per share for Q1 2022 was ¥0.43, marking a 514.29% increase compared to the previous year[10] - The total comprehensive income for Q1 2022 was ¥221,013,467.65, compared to ¥39,584,695.17 in Q1 2021, reflecting a growth of 460.5%[34] - The company reported a total profit of ¥245,898,660.12 for Q1 2022, compared to ¥56,768,095.10 in Q1 2021, an increase of 333.5%[34] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥17,804,252,209.50, a 9.49% increase from the end of the previous year[10] - The company's total liabilities increased to RMB 11.39 billion from RMB 9.77 billion, reflecting a growth of about 16.5%[25] - The total assets of the company reached RMB 17.80 billion, up from RMB 16.26 billion, which is an increase of approximately 9.4%[25] - The company's total liabilities rose to ¥12,590,253,609.40, compared to ¥11,330,020,772.84 in the previous year, indicating an increase of 11.1%[30] - Shareholders' equity attributable to the parent company was ¥5,203,730,369.70, reflecting a 5.74% increase from the end of the previous year[10] Cash Flow - Cash inflow from operating activities totaled CNY 5,044,716,185.74, a significant increase from CNY 2,490,489,505.13 in the previous year, representing a growth of approximately 102%[35] - The net cash flow from operating activities was CNY 170,732,846.76, recovering from a negative CNY 127,293,315.24 in Q1 2021[35] - Cash inflow from financing activities was CNY 3,499,413,978.37, an increase from CNY 2,831,576,122.09 in the previous year[38] - The net cash flow from financing activities was CNY 128,172,270.81, a decrease from CNY 815,393,438.68 in Q1 2021[38] - The ending balance of cash and cash equivalents was CNY 542,126,779.14, compared to CNY 504,029,419.75 at the end of Q1 2021[38] Operational Metrics - The increase in operating revenue was attributed to higher sales volume and fluctuations in aluminum prices[13] - The increase in net profit was driven by the rise in sales of high value-added products[13] - Research and development expenses increased to ¥237,153,619.89 in Q1 2022, up 111.5% from ¥112,292,038.17 in Q1 2021[30] Current Assets and Liabilities - As of March 31, 2022, the company's total current assets amounted to approximately RMB 11.49 billion, an increase from RMB 10.03 billion as of December 31, 2021, representing a growth of about 14.6%[22] - The company's cash and cash equivalents stood at RMB 2.49 billion, up from RMB 2.12 billion, reflecting an increase of approximately 17.3% year-over-year[22] - Accounts receivable increased to RMB 2.33 billion from RMB 1.93 billion, marking a growth of approximately 20.6%[22] - Inventory levels rose to RMB 3.62 billion, compared to RMB 3.45 billion, indicating an increase of about 5.2%[22] - The company's accounts payable increased to RMB 1.03 billion from RMB 1.01 billion, showing a growth of about 1.7%[25] - The company reported a decrease in employee compensation payable to RMB 58.69 million from RMB 77.91 million, a decline of approximately 24.7%[25] Other Financial Activities - The company did not participate in margin financing or securities lending activities during the reporting period[19] - Cash outflow for investing activities was CNY 664,742,494.62, down from CNY 829,327,747.75 in the previous year[38] - The net cash flow from investing activities was negative CNY 585,796,714.63, compared to negative CNY 514,153,420.56 in Q1 2021[38] - The company received CNY 290,877,078.30 in tax refunds, up from CNY 151,960,293.55 in the previous year[35] - The company reported an increase in cash received from other operating activities to CNY 560,144,955.31, compared to CNY 444,864,011.25 in Q1 2021[35]