我们同意《公司 2023 年半年度募集资金存放与使用情况的专项报告》。 恒盛能源股份有限公司独立董事关于 第三届董事会第二次会议相关事项的独立意见 恒盛能源股份有限公司： 根据《公司法》、《证券法》、《上市公司独立董事规则》及《公司章程》等有 关规定，作为恒盛能源股份有限公司（以下简称"公司"）的独立董事，对公司 2023 年 8 月 21 日召开的第三届董事会第二次会议的相关事项发表独立意见如下： 一、关于公司 2023 年半年度募集资金存放与实际使用情况的专项报告的独 立意见 经审查，该报告符合《上市公司监管指引第 2 号——上市公司募集资金管理 和使用的监管要求（2022 年修订）》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》和《恒盛能源股份有限公司募集资金管理制度》的相关规定， 真实、准确、完整披露了公司 2023 年半年度募集资金的存放与实际使用情况。 截至报告期末，公司不存在变相改变募集资金用途和违规使用募集资金的情形， 公司募集资金使用及披露不存在重大问题，不存在损害公司及股东尤其是中小股 东利益的情形。 独立董事：于友达、周鑫发、徐浩 2023 年 8 月 21 日 （以下无正 ...

证券代码：605580 证券简称：恒盛能源 公告编号：2023-038 恒盛能源股份有限公司 第三届监事会第二次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 （一）审议通过《关于公司 2023 年半年度报告及摘要的议案》 恒盛能源股份有限公司（以下简称"公司"）第三届监事会第二次会议于 2023 年 08 月 21 日在公司二楼会议室以现场和通讯相结合的方式召开，本次会议通知 于 2023 年 08 月 11 日以通讯方式送达各位监事，本次会议应参加表决的监事 3 人，实际参与表决监事 3 人，会议由监事会主席洪名高先生主持。本次会议的召 集、召开符合《公司法》和《公司章程》的规定。本次会议审议通过二项议案。 二、监事会会议审议情况 监事会认为： 1.公司 2023 年半年度报告及摘要的编制和审议程序符合有关法律、法规、 《公司章程》和本公司相关内部管理制度的规定。 2.公司 2023 年半年度报告及摘要的内容与格式符合中国证监会和上海证券 交易所的各项规定，所包含的信息真实反映出 ...

证券代码：605580 证券简称：恒盛能源 公告编号：2023-037 恒盛能源股份有限公司 第三届董事会第二次会议决议公告 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、董事会会议召开情况 恒盛能源股份有限公司（以下简称"公司"）第三届董事会第二次会议于 2023 年 08 月 21 日在公司三楼会议室以现场和通讯相结合方式召开，本次会议通知于 2023 年 08 月 11 日以通讯方式送达各位董事，本次会议应参加表决的董事 7 人， 实际参与表决董事 7 人，会议由董事长余国旭先生主持。会议列席人员为监事会 成员、董事会秘书及其他高级管理人员。本次会议的召集、召开符合《公司法》 和《公司章程》的规定。本次会议审议通过三项议案。 二、董事会会议审议情况 （一）审议通过《关于公司 2023 年半年度报告及摘要的议案》 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《恒 盛能源股份有限公司 2023 年半年度报告》、《恒盛能源股份有限公司 2023 年半年 度报告摘要》。 表决结果：同 ...

公司已于 2023 年 6 月 26 日召开 2023 年第二次临时股东大会，审议通过了 《关于向关联方增资收购股权暨关联交易的议案》，同时完成增资协议生效所需 的各项决策程序。 近日公司的增资款已完成实缴，桦茂科技相关工商变更登记也已完成并取得 新颁发的营业执照。本次增资事项最终实施结果与前述公告披露内容无差异。 特此公告。 证券代码：605580 证券简称：恒盛能源 公告编号：2023-036 恒盛能源股份有限公司 关于向关联方增资收购股权暨关联交易的进展公告 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。 恒盛能源股份有限公司（以下简称"恒盛能源"、"公司"）于 2023 年 6 月 10 日在上海证券交易所网站披露了《恒盛能源股份有限公司关于向关联方增资 收购股权暨关联交易公告》（2023-026），公司以现金方式向浙江桦茂科技有限公 司（以下简称"桦茂科技"）增资 10,000.00 万元，主要用于桦茂科技建造厂房 与设备购置，增资完成后公司将直接持有桦茂科技 66.67%的股权。根据交易安 排，本次交易完成后 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 192,641,735.85, representing a year-on-year increase of 1.74%[4] - Net profit attributable to shareholders decreased by 31.70% to CNY 27,708,643.41 compared to the same period last year[4] - The basic earnings per share (EPS) fell by 30.00% to CNY 0.14[4] - The weighted average return on equity (ROE) decreased by 1.60 percentage points to 3.08%[4] - Total operating revenue for Q1 2023 was CNY 192,641,735.85, an increase of 1.8% compared to CNY 189,339,812.37 in Q1 2022[15] - Net profit for Q1 2023 was CNY 27,708,643.41, a decrease of 31.6% from CNY 40,567,101.99 in Q1 2022[16] - Earnings per share for Q1 2023 was CNY 0.14, down from CNY 0.20 in Q1 2022[16] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 1,098,851,591.78, a slight increase of 0.22% from the end of the previous year[5] - Total liabilities for Q1 2023 were CNY 185,741,119.98, a decrease of 12.1% from CNY 211,198,398.65 in Q1 2022[12] - Non-current assets totaled CNY 551,744,012.40, an increase from CNY 533,127,336.84 in the previous quarter[12] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 271,045,521.37, compared to CNY 247,089,120.11 at the end of Q1 2022, reflecting a year-over-year increase[19] Cash Flow - The net cash flow from operating activities was CNY 94,637,404.12, with no comparative data available[4] - In Q1 2023, the company's operating cash inflow was CNY 216,107,735.91, an increase of 8.8% compared to CNY 198,870,429.10 in Q1 2022[17] - The net cash flow from operating activities was CNY 94,637,404.12, a significant recovery from a net outflow of CNY -12,581,105.81 in the same period last year[17] - The total cash inflow from investment activities was CNY 221,835,781.53, while cash outflow was CNY 22,748,686.90, resulting in a net cash flow of CNY -22,070,670.90, down from CNY 169,920,953.33 in Q1 2022[19] - The company reported a cash inflow from financing activities of CNY 4,600,000.00, while cash outflow was CNY 9,928,644.60, leading to a net cash flow of CNY -5,328,644.60, compared to CNY -481,250.02 in Q1 2022[19] Operational Efficiency - The decline in net profit was primarily due to longer Spring Festival holidays affecting production and sales, along with increased raw material costs[6] - The company reported non-recurring gains and losses totaling CNY 496,835.43, after accounting for tax effects[6] - The cash received from other operating activities increased significantly to CNY 8,896,467.22 from CNY 3,600,743.99 in the previous year, reflecting enhanced operational efficiency[17] - The cash paid for purchasing goods and services was CNY 87,180,253.09, a decrease from CNY 170,345,616.81 in Q1 2022, showing improved cost management[17] - The company reported a decrease in tax payments from CNY 28,256,324.68 in Q1 2022 to CNY 14,536,334.13 in Q1 2023, indicating a potential reduction in tax liabilities[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,571[8] - Shareholders' equity attributable to the parent company increased by 3.15% to CNY 913,110,471.80[5]

Financial Performance - The company's operating revenue for 2022 was CNY 887,132,358.48, representing a 15.12% increase compared to CNY 770,618,703.50 in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 137,753,662.46, up 10.59% from CNY 124,561,132.13 in the previous year[21]. - The net profit excluding non-recurring gains and losses was CNY 128,982,200.62, reflecting a 9.05% increase from CNY 118,278,048.82 in 2021[21]. - Cash flow from operating activities decreased by 67.60% to CNY 50,379,506.71 from CNY 155,492,267.08 in 2021[21]. - Total assets at the end of 2022 were CNY 1,096,432,257.55, a 4.55% increase from CNY 1,048,721,709.86 at the end of 2021[21]. - The company's net assets attributable to shareholders increased by 4.49% to CNY 885,233,858.90 from CNY 847,215,935.14 in 2021[21]. - Basic earnings per share decreased by 8.00% to 0.69 yuan per share in 2022[22]. - The weighted average return on equity fell by 6.92 percentage points to 16.06%[22]. - The gross profit margin for operating revenue was 25.31%, with a main business gross profit margin of 24.77%[60]. - The revenue from steam sales reached ¥670,133,277.16, growing by 20.69% year-on-year[64]. - The cost of sales increased to ¥662,624,046.41, a rise of 14.81% from the previous year, primarily due to higher coal procurement costs[57]. Dividends and Shareholder Returns - The board proposed a cash dividend of CNY 6.00 per 10 shares and a capital reserve transfer of 4 shares for every 10 shares held[5]. - The profit distribution plan indicates that the cash dividend accounts for 87.11% of the net profit attributable to ordinary shareholders in the consolidated financial statements[143]. Environmental and Operational Initiatives - The company emphasized low-carbon and clean production, achieving no major environmental pollution incidents in the year[32]. - The average annual consumption of biomass fuel was approximately 140,000 tons, equivalent to saving about 60,000 tons of standard coal[32]. - The company achieved ultra-low emissions for air pollutants, with SO2, NOX, and particulate matter emissions reduced by 50%, 65%, and 50% respectively, complying with national standards[54]. - The company implemented a wastewater treatment system that meets national and local discharge standards, with all wastewater being reused[150]. - The company has established an online monitoring system for boiler flue gas emissions, ensuring real-time compliance with emission standards[154]. - The company invested approximately 22.31 million yuan in environmental protection during the reporting period[148]. - The company achieved 100% compliance in the disposal of general solid waste and hazardous waste[149]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights[111]. - The company held 2 shareholder meetings during the reporting period, ensuring compliance with legal requirements and allowing all shareholders, especially minority shareholders, to exercise their voting rights[112]. - The company maintained independent operations and decision-making capabilities, with no interference from the controlling shareholder during the reporting period[113]. - The company has established information disclosure management systems to ensure accurate and complete information dissemination, with no insider trading incidents reported[117]. - The company has a structured governance framework with specialized committees that enhance operational efficiency and compliance[114]. - The company has not faced any penalties from securities regulatory authorities in the past three years[127]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[196]. - The company has not experienced any major accounting errors that would require correction[198]. Risks and Challenges - The company faces risks from potential changes in industrial policies, particularly regarding the "coal-to-gas" initiative, which could adversely affect its operations if enforced[101]. - The company acknowledges the impact of raw material price fluctuations, particularly for coal and biomass fuels, on its gross profit margin[104]. - The company is actively seeking to develop cogeneration projects outside its current operational area to mitigate risks associated with regional concentration[103]. Research and Development - The company’s R&D expenses surged to ¥10,435,423.10, a significant increase of 749.55% compared to the previous year[58]. - The number of R&D personnel is 47, representing 21.36% of the total workforce[72]. - The company is increasing investment in research and development for biomass cogeneration technology and pollution control technology, focusing on key technologies and processes[99]. Strategic Development - The company aims to transform from a regional cogeneration enterprise to a green and intelligent energy enterprise with significant influence in Zhejiang Province and nationwide, continuously creating value for investors[97]. - The company plans to enhance its operational management through market expansion, talent development, internal control improvement, and mergers and acquisitions to achieve high-quality growth[98]. - The company is committed to integrating new information technologies such as big data and cloud computing to enhance operational efficiency and reduce maintenance costs[95]. Community Engagement - The company made a total of 612,000 yuan in donations for public welfare projects, including support for rural revitalization[159]. - The company contributed 401,700 yuan towards poverty alleviation and rural revitalization projects, including a donation of 170,000 yuan to Xinjiang Zuosheng Agricultural Development Co., Ltd.[159].

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/） 证券代码：605580 证券简称：恒盛能源 公告编号：2023-001 恒盛能源股份有限公司 关于召开 2022 年度业绩说明会的公告 （三）会议召开方式：上证路演中心网络互动 三、参加人员 总经理：余恒先生 董事会秘书：徐洁芬女士 财务总监：项红日先生 独立董事：于友达先生 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 03 月 29 日(星期三)至 04 月 04 日(星期二)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 zjhxxujf@163.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。 恒盛能源股份有限公司（以下简称"公司"）将于 2023 年 03 月 30 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 04 月 06 日下午 13:00 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 189,375,186.99, representing a year-on-year increase of 14.05%[4] - The net profit attributable to shareholders for Q3 2022 was CNY 23,917,381.85, a decrease of 5.24% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,675,797.59, an increase of 6.36% year-on-year[4] - Basic earnings per share for Q3 2022 were CNY 0.12, down 20.00% from the previous year[5] - The weighted average return on equity was 2.88%, a decrease of 1.65 percentage points compared to the previous year[5] - The net profit for Q3 2022 was CNY 95,490,917.27, an increase of 6.4% compared to CNY 89,918,720.27 in Q3 2021[18] - The total profit for Q3 2022 reached CNY 124,940,400.76, up from CNY 119,077,860.00 in the same period last year, reflecting a growth of 4.8%[18] - Operating profit for Q3 2022 was CNY 125,120,330.08, compared to CNY 118,061,193.72 in Q3 2021, indicating a rise of 5.5%[18] - The basic and diluted earnings per share for Q3 2022 were both CNY 0.48, compared to CNY 0.58 in Q3 2021[19] - The company’s total comprehensive income for Q3 2022 was CNY 95,490,917.27, up from CNY 89,918,720.27 in Q3 2021[19] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period decreased by 58.84%, totaling CNY 31,631,595.22[8] - Cash flow from operating activities for the first three quarters of 2022 was CNY 31,631,595.22, down from CNY 76,850,022.04 in the same period of 2021[21] - Cash flow from investing activities generated a net inflow of CNY 181,242,937.17 in the first three quarters of 2022, compared to a net outflow of CNY 130,521,329.17 in the previous year[21] - The company's cash and cash equivalents as of September 30, 2022, amounted to ¥197,742,750.75, compared to ¥90,230,522.61 at the end of 2021[13] - The total cash and cash equivalents at the end of Q3 2022 amounted to CNY 197,242,750.75, an increase from CNY 178,210,923.56 at the end of Q3 2021[22] Costs and Expenses - The company experienced an increase in costs due to higher payments for raw materials and taxes, impacting cash flow[8] - Total operating costs for the first three quarters of 2022 were ¥482,276,372.92, up 22.2% from ¥394,479,558.10 in 2021[17] - Research and development expenses for the first three quarters of 2022 were ¥7,917,633.94, indicating ongoing investment in innovation[17] - The company incurred credit impairment losses of CNY -5,251,235.70 in Q3 2022, compared to CNY -3,981,857.63 in Q3 2021[18] Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 953,630,862.78, a decrease of 9.07% from the end of the previous year[5] - Total assets decreased to ¥953,630,862.78 as of September 30, 2022, from ¥1,048,721,709.86 at the end of 2021[16] - Total liabilities decreased to ¥110,924,010.37 from ¥201,505,774.72 in the previous year[15] - The company reported a decrease in accounts receivable to ¥162,469,445.61 from ¥194,242,729.94 year-over-year[13] - The company’s inventory as of September 30, 2022, was ¥27,557,833.71, down from ¥31,244,921.14 in the previous year[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,324[10] - The company reported a total of CNY 241,584.26 in non-recurring gains for the current period[7] Revenue Overview - Total revenue for the first three quarters of 2022 reached ¥621,129,110.48, an increase of 22.2% compared to ¥507,931,792.99 in the same period of 2021[17] - Operating income for the first three quarters of 2022 was ¥621,129,110.48, with a gross profit margin of approximately 22.4%[17] - The company reported cash received from sales and services of CNY 625,748,460.12 for the first three quarters of 2022, a significant increase from CNY 446,596,303.70 in the same period of 2021[20]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥431,753,923.49, representing a 26.28% increase compared to ¥341,888,613.32 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was ¥71,573,535.42, which is a 10.66% increase from ¥64,677,476.57 in the previous year[20]. - Basic earnings per share for the first half of 2022 were ¥0.36, down 16.28% from ¥0.43 in the same period last year[21]. - The company achieved operating revenue of 432 million RMB, an increase of 26.28% year-on-year[33]. - Net profit attributable to shareholders reached 71.57 million RMB, up 10.66% compared to the previous year[33]. - The company reported a total comprehensive income of 71,573,535.42 RMB for the period[152]. - The total comprehensive income for the period amounted to ¥64,677,476.57[154]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥28,619,863.52, compared to a positive cash flow of ¥66,053,563.59 in the same period last year[20]. - The company reported a significant increase in cash and cash equivalents, totaling 135.56 million RMB, which is 50.23% higher than the previous year[37]. - The company's current assets totaled CNY 555,722,702.96, slightly down from CNY 559,351,552.32, indicating a decrease of about 0.5%[127]. - Cash and cash equivalents increased to CNY 135,555,608.53 from CNY 90,230,522.61, representing a growth of approximately 50%[127]. - The ending balance of cash and cash equivalents was 123,188,393.79 RMB, compared to 21,063,744.30 RMB at the end of the previous period[149]. Investment and Costs - Operating costs increased by 27.66% to 309 million RMB, primarily due to rising coal procurement prices[34]. - The company reported a total investment income of 3,619,734.50, with a tax impact of 1,265,352.89[23]. - The company incurred financial expenses of ¥-324.42 thousand in the first half of 2022, a decrease from ¥2.94 million in the first half of 2021[140]. - Total operating costs amounted to ¥323,933,030.31, up 26.3% from ¥256,601,648.91 year-on-year[136]. Environmental and Operational Efficiency - The company has achieved significant emissions reductions, with SO2, NOX, and particulate matter emissions reduced by 50%, 65%, and 50% respectively, meeting stringent environmental standards[30]. - The company has implemented a smart power plant platform for real-time monitoring of equipment and production indicators, enhancing operational efficiency[30]. - The company has implemented measures to ensure 100% compliance in the disposal of general and hazardous waste, with all pollution sources equipped with treatment facilities[62]. - The company has successfully implemented measures to prevent and control environmental incidents, with an emergency response plan in place[65]. Shareholder and Governance - The controlling shareholders have committed to a voluntary lock-up period of 36 months from the date of the company's stock listing, during which they will not transfer or manage their shares[76]. - The company will ensure compliance with the stabilization plan and accept supervision from regulatory bodies and investors[85]. - The company commits to ensuring that its prospectus and related documents are true, accurate, and complete, with no false records or misleading statements[101]. - The integrity status of the company and its controlling shareholders is good during the reporting period[111]. Risks and Challenges - The company faces risks related to fluctuations in coal and biomass fuel prices, which significantly impact the overall gross profit margin[50]. - The company is subject to potential operational risks due to its concentrated business in a specific region, limiting its market reach[49]. - The company is exposed to risks from changes in tax incentive policies, particularly the VAT refund policy that could affect profitability[51]. - The company is required to adapt its management practices to accommodate rapid scale expansion, which poses a risk to its operational efficiency[53]. Research and Development - Research and development expenses amounted to 4.5 million RMB, indicating an increase compared to the previous year[34]. - The company invested ¥4,500,185.47 in research and development expenses during the first half of 2022[136]. - Research and development expenses for the first half of 2022 were reported at ¥2.31 million, reflecting the company's commitment to innovation[140].

Financial Performance - The company's operating revenue for Q1 2022 was ¥189,339,812.37, representing a year-on-year increase of 9.50%[4] - The net profit attributable to shareholders was ¥40,567,101.99, reflecting a growth of 27.39% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,081,076.59, up by 24.01% year-on-year[4] - Total operating revenue for Q1 2022 was CNY 189,339,812.37, an increase of 9.1% compared to CNY 172,912,617.31 in Q1 2021[17] - Net profit for Q1 2022 reached CNY 40,567,101.99, representing a 27.3% increase from CNY 31,845,091.74 in Q1 2021[18] - Earnings per share for Q1 2022 were CNY 0.20, slightly down from CNY 0.21 in Q1 2021[19] Cash Flow - The net cash flow from operating activities was -¥12,581,105.81, a decrease of 134.45% compared to the previous year[4] - Cash inflow from operating activities in Q1 2022 was $199,347,216.89, a 55.1% increase from $128,454,798.76 in Q1 2021[20] - Cash outflow from operating activities in Q1 2022 was $211,928,322.70, compared to $91,935,539.77 in Q1 2021, resulting in a net cash flow from operating activities of -$12,581,105.81[20] - The net increase in cash and cash equivalents for Q1 2022 was $156,858,597.50, compared to $22,384,530.32 in Q1 2021[21] - The ending balance of cash and cash equivalents for Q1 2022 was $247,089,120.11, significantly higher than $55,105,018.41 in Q1 2021[21] - The company reported a significant increase in cash received from sales of goods and services, amounting to $194,116,587.57 in Q1 2022, compared to $124,047,048.78 in Q1 2021, reflecting a growth of 56.4%[20] - The company paid $170,345,616.81 for goods and services in Q1 2022, which is a substantial increase from $69,665,872.92 in Q1 2021[20] - The company received $1,629,885.33 in tax refunds in Q1 2022, up from $1,363,324.63 in Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,016,971,028.14, a decrease of 3.03% from the end of the previous year[4] - Total assets as of the end of Q1 2022 amounted to CNY 1,016,971,028.14, a decrease from CNY 1,048,721,709.86 at the end of Q1 2021[15] - Total liabilities for Q1 2022 were CNY 129,187,991.01, down from CNY 201,505,774.72 in Q1 2021[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,775[8] - The top shareholder, Yu Guoxu, holds 31.81% of the shares, followed by Du Shunxian with 20.83%[8] Research and Development - Research and development expenses for Q1 2022 were CNY 1,416,780.62, reflecting the company's commitment to innovation[17] Financial Management - The company reported a financial income of CNY 502,074.67 in Q1 2022, compared to CNY 58,346.14 in Q1 2021, indicating better financial management[17] - The company's cash flow from operating activities showed a positive trend, indicating improved liquidity management[19] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Subsidiary Establishment - The company established a wholly-owned subsidiary, Zhejiang Hehua Environmental Technology Co., Ltd., during the reporting period[10] Product Launches and Market Strategies - The company did not report any new product launches or market expansion strategies during the conference call[22]