广东芳源新材料集团股份有限公司 2023年第四次临时股东大会会议资料 广东芳源新材料集团股份有限公司 2023 年第四次临时股东大会会议资料 2023 年 8 月 （4）其他人员。 广东芳源新材料集团股份有限公司 2023年第四次临时股东大会会议资料 广东芳源新材料集团股份有限公司 2023 年第四次临时股东大会会议须知 根据《广东芳源新材料集团股份有限公司章程》和《广东芳源新材料集团股 份有限公司股东大会议事规则》的相关规定，广东芳源新材料集团股份有限公司 （以下简称"公司"）特制定本次股东大会的会议须知。 一、股东大会会议组织 1、本次会议由公司董事会依法召集。 2、本次会议采取现场投票与网络投票相结合的方式。本次股东大会将通过 上海证券交易所交易系统向公司股东提供网络投票平台，股东可以在网络投票时 间内通过上述系统行使表决权。 3、本次会议的出席人员 （1）2023 年 8 月 21 日（星期一）下午交易结束后在中国证券登记结算有 限责任公司上海分公司登记在册的公司股东或股东委托代理人； （2）公司董事、监事和高级管理人员； （3）公司聘请的律师； 4、本次会议行使《公司法》和《广东芳源新材料集团股份有 ...

Financial Performance - The company's operating revenue for 2022 was approximately CNY 2.94 billion, representing a 41.83% increase compared to CNY 2.07 billion in 2021[23]. - The net profit attributable to shareholders decreased by 92.83% to CNY 4.79 million in 2022 from CNY 66.72 million in 2021[23]. - The net cash flow from operating activities was negative at CNY -299.65 million, a decline of 347.75% compared to CNY 120.95 million in 2021[23]. - The total assets increased by 46.26% to CNY 4.20 billion at the end of 2022, up from CNY 2.87 billion at the end of 2021[23]. - The company's net assets attributable to shareholders rose by 13.32% to CNY 1.50 billion at the end of 2022, compared to CNY 1.33 billion at the end of 2021[23]. - The basic earnings per share dropped by 93.33% to CNY 0.01 in 2022 from CNY 0.15 in 2021[24]. - The company's gross profit margin has been declining, primarily due to fluctuations in nickel and cobalt prices and increased costs of auxiliary materials like sulfuric acid[85]. Investment and R&D - Research and development expenses accounted for 5.01% of operating revenue in 2022, an increase of 0.6 percentage points from 4.41% in 2021[24]. - The company plans to invest in projects to produce 50,000 tons of high-end ternary lithium battery precursors and 10,000 tons of battery-grade lithium hydroxide annually[23]. - The company has successfully applied for 4 new patents and received 16 patent authorizations during the reporting period[39]. - The company reported a 61.05% increase in R&D expenses, totaling approximately ¥147.13 million, compared to ¥91.36 million in the previous year, driven by enhanced competitiveness and increased employee compensation due to the stock incentive plan[66]. - The company aims to achieve mass production and stable processes for new products, contributing to advancements in energy density and safety performance of lithium battery products[73]. Corporate Governance - The audit report issued by Tianjian Accounting Firm confirms the financial report's authenticity, accuracy, and completeness[5]. - The board of directors and management have collectively ensured the accuracy and completeness of the annual report, reflecting strong governance practices[5]. - The company has not proposed any special arrangements for corporate governance, indicating a standard governance structure[9]. - The company has conducted 17 board meetings, 15 supervisory meetings, and 5 shareholder meetings in 2022, ensuring compliance with legal and regulatory requirements[137]. - The company emphasizes transparency in information disclosure and enhances interaction with investors to protect their legal rights[200]. Market and Industry Trends - The global electric vehicle market is accelerating, with various governments implementing policies to promote the development of new energy vehicles, such as the U.S. Inflation Reduction Act and Germany's charging infrastructure planning[54]. - The global market for ternary precursors is expected to grow significantly, with shipments projected to reach 2.24 million tons by 2025, indicating a market scale of approximately $240 billion[49]. - The company is focusing on high-nickel ternary precursors, achieving innovations in separation and material synthesis technologies, and is a key supplier in the Panasonic-Tesla supply chain[53]. - The company is actively expanding its production capacity for ternary precursors to meet the growing demand in the electric vehicle sector[128]. Risks and Challenges - The company has detailed various risks and countermeasures in its annual report, emphasizing the importance of investor awareness regarding investment risks[4]. - The company is exposed to risks from fluctuations in raw material prices, particularly nickel and cobalt, which can impact production costs[81]. - The company faces risks related to inventory valuation, as the ending inventory value constitutes a significant portion of total assets, which may lead to liquidity issues[83]. - The company is exposed to risks from changes in industry policies and intensified market competition, particularly in the high-nickel precursor segment[86]. Shareholder Returns and Dividends - The profit distribution plan for 2022 includes no cash dividends, no bonus shares, and no capital reserve transfer to share capital, with undistributed profits carried forward to future years[6]. - The total cash dividend amount for the year 2022 was 50,002,926.21 RMB, which was included in the cash repurchase of shares[180]. - The company confirmed a total of 98,612,947.99 RMB in share-based payment expenses for the incentive plans during the reporting period[185]. - The independent directors confirmed that the cash dividend policy complies with the company's articles of association and shareholder resolutions[178]. Strategic Partnerships and Collaborations - The company has formed strategic partnerships with leading battery manufacturers, enhancing its customer base and market position[37]. - The company has established a strategic partnership with MCC for nickel-cobalt resource supply, ensuring stable raw material availability[74]. - The company has formed a joint venture with Veolia for battery recycling, aiming to secure raw material supply channels[74]. - The company has adjusted its cooperation with Panasonic China since February 2021, now sourcing nickel and cobalt raw materials from Panasonic to produce NCA ternary precursors, ensuring stable supply from internationally recognized companies[45]. Employee and Management Structure - The company employed a total of 1,082 staff, with 287 in the parent company and 795 in major subsidiaries[171]. - The company has implemented a restricted stock incentive plan for directors, senior management, and key technical personnel to enhance employee motivation and stability[173]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period was CNY 10.20 million[157]. - The company has a structured remuneration scheme for its directors, supervisors, and senior management based on their actual positions and responsibilities[157].

| 证券代码：688148 | 证券简称：芳源股份 公告编号：2023-037 | | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | 广东芳源新材料集团股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2023 年 5 月 26 日（星期五）上午 11:00-12:00 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 19 日（星期五）至 5 月 25 日（星期四）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 fyhb@fangyuan-group.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。 三、参加人员 董事长、总裁：罗爱平 董事会秘书：陈剑良 财务总监：吕海斌 广东芳源新材 ...

Financial Performance - The company's operating revenue for Q1 2023 reached ¥803,354,074.25, representing a year-on-year increase of 98.46%[5]. - Total operating revenue for Q1 2023 reached ¥803,354,074.25, a significant increase of 98.5% compared to ¥404,787,086.21 in Q1 2022[22]. - The net profit for Q1 2023 was ¥1,059,758.47, a turnaround from a net loss of ¥2,308,457.45 in Q1 2022[24]. - The net profit attributable to shareholders of the listed company was ¥1,067,447.79, with a significant increase in sales revenue contributing to this growth[5][8]. - The company reported a gross profit margin of approximately 0.13% for Q1 2023, compared to a negative margin in Q1 2022[22]. - Total operating costs for Q1 2023 were ¥802,267,303.01, up 92.5% from ¥416,583,926.87 in Q1 2022[22]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥183,609,481.41, reflecting a decrease of 526.38% due to increased cash payments for raw materials and other expenses[5][8]. - In Q1 2023, the company reported cash inflows from operating activities of CNY 958,114,576.77, a significant increase of 56.4% compared to CNY 612,502,069.41 in Q1 2022[26]. - The net cash outflow from operating activities was CNY -183,609,481.41, contrasting with a net inflow of CNY 43,062,191.17 in the same period last year[26]. - The company reported a net cash decrease of CNY -110,486,172.05 for the quarter, contrasting with a net increase of CNY 100,535,277.19 in Q1 2022[27]. - The ending cash and cash equivalents balance was CNY 502,135,096.19, compared to CNY 329,896,058.92 at the end of Q1 2022, representing a year-over-year increase of 52%[27]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,242,273,546.76, showing a slight increase of 0.91% compared to the end of the previous year[6]. - The total assets increased to ¥4,242,273,546.76 in Q1 2023, compared to ¥4,204,038,988.04 in Q1 2022[20]. - Total liabilities amounted to ¥2,715,559,111.67 in Q1 2023, a slight increase from ¥2,688,049,823.95 in Q1 2022[20]. - The total current assets as of March 31, 2023, were RMB 2,779,743,352.89, a decrease from RMB 2,843,097,557.41 at the end of 2022[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,593, indicating a stable shareholder base[9]. - The top shareholder, Luo Aiping, holds 76,482,800 shares, representing 14.95% of the total shares[10]. - The company has not disclosed any other significant shareholder relationships or actions beyond those mentioned[12]. Research and Development - The company's R&D investment totaled ¥22,801,527.64, accounting for 2.84% of operating revenue, which is a decrease of 2.56 percentage points year-on-year[6]. - Research and development expenses for Q1 2023 totaled ¥22,801,527.64, slightly up from ¥21,845,657.88 in Q1 2022[22]. Market and Strategic Initiatives - The company is experiencing rapid growth in the power battery industry, leading to increased sales volume and prices[8]. - The company plans to invest up to RMB 2 billion in a lithium iron phosphate battery recycling and cathode material production project to expand its market presence in the new energy sector[15]. - The company has not reported any significant new product developments or market expansion strategies in this quarter[8]. - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[22]. - The company did not report any new product launches or significant market expansion strategies during the quarter[28]. Inventory and Receivables - The company's inventory increased to RMB 1,393,360,150.52 from RMB 1,342,521,619.73 at the end of 2022, indicating a growth of approximately 3.3%[18]. - The company reported accounts receivable of RMB 390,101,110.35, down from RMB 424,862,827.24 at the end of 2022, reflecting a decrease of approximately 8.2%[18]. - The company’s prepayments increased to RMB 131,347,181.74 from RMB 98,430,270.29, showing a growth of approximately 33.4%[18]. Financing Activities - The company experienced cash inflows from financing activities totaling CNY 277,577,097.80, up from CNY 247,858,062.56 in Q1 2022, marking an increase of 12%[27]. - Cash outflows from financing activities were CNY 101,865,586.98, a decrease from CNY 121,409,796.31 in the previous year, indicating a reduction of 16%[27]. - The net cash increase from financing activities was CNY 175,711,510.82, compared to CNY 126,448,266.25 in Q1 2022, reflecting a growth of 39%[27]. Convertible Bonds - The company has not yet converted any of the RMB 64,200,000 of convertible bonds issued, with only 53 shares converted, representing 0.00001% of the total shares before conversion[14]. Government Approvals - The company is awaiting necessary government approvals for the new investment project, which may introduce risks[16].

Financial Performance - The company's operating revenue for 2022 was approximately CNY 2.94 billion, representing a 41.83% increase compared to CNY 2.07 billion in 2021[23]. - The net profit attributable to shareholders decreased by 92.83% to CNY 4.79 million in 2022 from CNY 66.72 million in 2021[23]. - The net cash flow from operating activities was negative at CNY -299.65 million, a decline of 347.75% compared to CNY 120.95 million in 2021[23]. - The total assets increased by 46.26% to CNY 4.20 billion at the end of 2022, up from CNY 2.87 billion at the end of 2021[23]. - The company's net assets attributable to shareholders rose by 13.32% to CNY 1.50 billion at the end of 2022, compared to CNY 1.33 billion at the end of 2021[23]. - The basic earnings per share dropped by 93.33% to CNY 0.01 in 2022 from CNY 0.15 in 2021[24]. - The company's gross profit margin has been declining due to fluctuations in nickel and cobalt prices, increased costs of auxiliary materials, and changes in cooperation with major clients[83]. - The company faced significant financial risks due to high inventory levels and potential price declines in raw materials like nickel and cobalt[83]. Research and Development - Research and development expenses accounted for 5.01% of operating revenue in 2022, an increase of 0.6 percentage points from 4.41% in 2021[24]. - The company increased its R&D investment, contributing to the overall increase in expenses and impacting profitability[25]. - R&D investment amounted to 147.13 million yuan, representing a 61.05% increase compared to the previous year[38]. - The company has developed several core technologies, including the "extraction without nickel" technology, which improves the process flow in the nickel hydrometallurgy industry and reduces manufacturing costs[73]. - The company has established a stable and efficient R&D system, enhancing the electrochemical performance and stability of ternary precursors for lithium batteries[73]. Market Strategy and Expansion - The company plans to focus on future development strategies and market expansion, although specific numerical targets were not disclosed in the provided content[8]. - The company is focused on expanding its market presence and enhancing its product offerings in the lithium battery materials sector[23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]. - The company is actively expanding its ternary precursor production capacity to meet the growing market demand and improve its market share[130]. - The company aims to enhance its core competitiveness and profitability by expanding its business scope and scale, focusing on resource recycling and sustainable development[132]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, indicating a stable governance structure[9]. - The company has not violated any decision-making procedures for external guarantees, further reflecting its compliance with regulations[9]. - The company's board of directors and management have confirmed the authenticity and completeness of the annual report, ensuring accountability[5]. - The company has established a comprehensive management system to ensure compliance with legal regulations and improve governance structures[138]. Risks and Challenges - The company has detailed various risks and countermeasures in its annual report, emphasizing the importance of investor awareness regarding investment risks[4]. - The company faces risks related to fluctuating raw material prices, particularly for nickel and cobalt[81]. - The company is exposed to risks from changes in industry policies and intensified market competition in the electric vehicle sector[86]. - The company's future plans and strategic developments are subject to risks and do not constitute a commitment to investors[8]. Shareholder Returns and Dividends - The profit distribution plan for 2022 includes no cash dividends, no bonus shares, and no capital reserve transfer to share capital, with undistributed profits carried forward to future years[6]. - The company reported a share buyback amounting to RMB 50,002,926.21, which is considered as cash dividends, representing 1,044.64% of the net profit attributable to shareholders for the year 2022[5]. - The company has a three-year shareholder dividend return plan in place[141]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[181]. Employee and Management Structure - The company employed a total of 1,082 staff, with 287 in the parent company and 795 in major subsidiaries[173]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to RMB 10.20 million[159]. - The company has implemented a restricted stock incentive plan for directors, executives, and key technical personnel to enhance employee motivation and stability[175]. - The total number of employees eligible for the stock incentive plan was 113, representing 10.72% of the total workforce[184]. Strategic Partnerships and Collaborations - The company has formed long-term cooperative relationships with leading battery manufacturers, enhancing its market position[37]. - The company transitioned its collaboration with Panasonic China in February 2021, now sourcing nickel and cobalt raw materials from Panasonic to produce NCA ternary precursors, ensuring stable supply from internationally recognized companies[45]. - The company has established a strategic cooperation agreement with MCC for stable supply of nickel and cobalt resources[74]. - The company formed a joint venture with Veolia for battery recycling, enhancing raw material supply security[74].

证券代码：688148 证券简称：芳源股份 广东芳源新材料集团股份有限公司 投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | --- | |------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------- ...

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、准确性和完整性依法承担法律责任。 2022 年第三季度报告 证券代码：688148 证券简称：芳源股份 广东芳源新材料集团股份有限公司 2022 年第三季度报告 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、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。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 938,971,474.07 | 49.59 | 1,885,213 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[1]. - The company has set a revenue guidance of RMB 1.2 billion for the full year 2022, reflecting an expected growth of 10%[1]. - The company's operating revenue for the first half of 2022 was approximately ¥946.24 million, representing a 4.76% increase compared to ¥903.28 million in the same period last year[18]. - The net profit attributable to shareholders decreased by 94.77% to ¥2.82 million from ¥53.92 million year-on-year[18]. - The net profit after deducting non-recurring gains and losses fell by 96.08% to ¥2.11 million compared to ¥53.90 million in the previous year[18]. - The net cash flow from operating activities increased by 15.94% to ¥80.52 million from ¥69.45 million year-on-year[18]. - The company's total assets increased by 24.19% to ¥3.57 billion from ¥2.87 billion at the end of the previous year[18]. - The company's net assets attributable to shareholders rose by 0.90% to ¥1.34 billion from ¥1.33 billion at the end of the previous year[18]. - The company's gross margin has decreased due to rising prices of auxiliary materials such as sulfuric acid and liquid alkali, as well as increased manufacturing costs[69]. - The net profit for the first half of 2022 was ¥2,746,039.13, a significant decrease from ¥53,925,921.29 in the previous year[174]. Research and Development - The company has invested RMB 100 million in R&D for new materials, aiming to improve product performance and sustainability[1]. - Research and development expenses accounted for 5.17% of operating revenue, an increase of 1.83 percentage points compared to 3.34% in the previous year[19]. - The total R&D expenditure for the current period is ¥48,959,064.63, representing a 62.42% increase compared to ¥30,142,832.09 in the same period last year[41]. - The company has applied for 3 new patents and received 8 patent authorizations during the reporting period, bringing the total to 69 authorized patents[40]. - The company emphasizes R&D through various models, including independent research, industry-university cooperation, and market demand development, to innovate and meet industrial needs[27][28][29]. - The number of R&D personnel increased to 169 from 93, with R&D personnel now accounting for 16.72% of the total workforce, up from 11.79%[44]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by the end of 2023[1]. - The company has established partnerships with three major automotive manufacturers to supply battery materials, expected to generate an additional RMB 200 million in revenue[1]. - The company is actively advancing the construction of a project with an annual production capacity of 50,000 tons of high-end ternary lithium battery precursors (NCA, NCM) and 10,000 tons of battery-grade lithium hydroxide, expected to commence production in October 2022[53]. - The company plans to issue convertible bonds to raise up to 642 million yuan for the aforementioned production projects, with approval from the Shanghai Stock Exchange obtained on July 8, 2022[54]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $100 million allocated for potential deals[112]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes that could impact operations[1]. - The company is facing risks related to rapid technological changes in the battery industry, which could impact the demand for its NCA ternary precursors[57]. - The company is also at risk of core technology leakage and personnel turnover, which could undermine its competitive advantage in the market[58]. - The company is highly dependent on Panasonic for its business performance, which poses risks if Panasonic changes its procurement requirements or reduces orders[61]. - The company faces risks from high concentration of raw material suppliers, which could adversely affect production if supplier relationships deteriorate[60]. Environmental and Compliance - The subsidiary, Jiangmen Fangyuan New Energy Materials Co., is classified as a key pollutant discharge unit, with specific emissions data reported, including 8.037 tons of COD and 1.014 tons of ammonia nitrogen discharged[98]. - Pollution control facilities at the subsidiary are operating normally, and the company has been recognized as a clean production enterprise by local authorities[100]. - Environmental impact assessments for construction projects have been completed and approved, ensuring compliance with environmental regulations[101]. - The company has established emergency response plans for environmental incidents, enhancing its capability to manage and mitigate environmental risks effectively[105]. - The company conducts regular environmental monitoring and has implemented a self-monitoring scheme to ensure compliance with pollution discharge standards[106]. Shareholder and Governance - The board has approved a profit distribution plan, with no plans for capital increase through retained earnings for this period[1]. - The company has undergone a significant management change, with several key personnel, including the CFO and multiple board members, resigning and new appointments made[90]. - The company will ensure compliance with all legal and regulatory requirements regarding share transfers and commitments[110]. - The company will publicly announce any failure to fulfill commitments regarding immediate return dilution and provide explanations and apologies if necessary[119]. - The company commits to ensuring that the contents of the prospectus and other disclosure materials do not contain false records, misleading statements, or significant omissions, and will bear legal responsibility for the authenticity, accuracy, and completeness of these documents[121].

Financial Performance - The company's operating revenue for 2021 was approximately CNY 2.07 billion, representing a year-on-year increase of 108.49% compared to CNY 992.67 million in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 66.72 million, up 12.46% from CNY 59.33 million in 2020[21]. - The net cash flow from operating activities decreased by 36.52% to CNY 120.95 million in 2021, down from CNY 190.53 million in 2020[21]. - The company's total assets at the end of 2021 reached approximately CNY 2.87 billion, an increase of 98.25% from CNY 1.45 billion at the end of 2020[21]. - The net assets attributable to shareholders increased by 43.22% to CNY 1.33 billion at the end of 2021, compared to CNY 927.15 million at the end of 2020[21]. - The basic earnings per share for 2021 was CNY 0.15, reflecting a 7.14% increase from CNY 0.14 in 2020[21]. - The gross profit margin for the company's main business was 11.99% in 2021, down from 15.33% in 2020 and 20.24% in 2019, primarily due to a decrease in the gross margin of NCA ternary precursors[69]. - The gross margin for NCA ternary precursors was 11.55% in 2021, down from 19.00% in 2020 and 22.52% in 2019, with NCA products accounting for 64.12% of main business revenue in 2021[69]. Dividend and Profit Distribution - The proposed cash dividend for 2021 is CNY 0.8 per 10 shares, totaling CNY 40,937,440.00, which represents 61.36% of the net profit attributable to shareholders[5]. - The board of directors has approved the profit distribution plan, pending shareholder approval[5]. Research and Development - The R&D investment as a percentage of operating revenue was 4.41% in 2021, slightly down from 4.52% in 2020[21]. - Research and development investment reached CNY 91.36 million, accounting for 4.41% of revenue, with a year-on-year increase of 103.58%[37]. - The company applied for 10 new patents and received 17 patent authorizations during the reporting period, with R&D personnel increasing by 88.04% to 173[37]. - The company has developed multiple new products, including high-capacity and high-nickel NCA ternary precursors, with total expected investments of 8 million RMB for each new product[56]. Operational Challenges and Risks - The company has not achieved profitability since its listing, indicating ongoing financial challenges[4]. - The company faced rising costs for nickel and cobalt, as well as auxiliary materials, impacting overall profitability despite revenue growth[22]. - The company is at risk of losing core technical talent and facing potential leaks of proprietary technology, which could adversely affect its competitive edge[65]. - The company is exposed to fluctuations in raw material prices, particularly nickel and cobalt, which can significantly impact production costs and profitability[67]. - Changes in industry policies related to the new energy vehicle sector could have a substantial impact on the company's sales and overall performance[71]. Market and Sales Performance - The company reported a significant increase in sales volume of ternary precursors, driven by strong demand in the downstream electric vehicle sector[22]. - The company achieved operating revenue of CNY 2,069,563,235.71, representing a year-on-year growth of 108.49%[75]. - NCA ternary precursor product revenue reached CNY 1,326,321,447.95, accounting for 64.09% of total revenue, with a year-on-year growth of 80.43%[79]. - NCM ternary precursor product revenue was CNY 537,054,830.98, representing a significant year-on-year increase of 623.12%[79]. Strategic Initiatives - The company plans to invest in projects to produce 50,000 tons of high-end ternary lithium battery precursors and 10,000 tons of lithium hydroxide for batteries[11]. - The company is focusing on optimizing production processes and enhancing resource utilization efficiency to better serve downstream customers[34]. - The company has established a strategic cooperation agreement with MCC to ensure stable supply of nickel and cobalt resources, addressing supply chain pressures and optimizing supplier structure[35]. - The company plans to issue convertible bonds to support its sustainable development and expand business scale[117]. Corporate Governance - The company held 11 board meetings, 8 supervisory meetings, and 7 shareholder meetings during the reporting period, ensuring compliance with relevant regulations[121]. - The company has established a clear cash dividend policy, allowing for distributions based on actual operating conditions[157]. - The company has implemented a strict quality control system since 2015, ensuring high standards in the production of ternary precursor materials[61]. Environmental Responsibility - The company adheres to environmental regulations and has implemented necessary environmental protection facilities, ensuring compliance with emission standards[181]. - The company has established emergency response plans for environmental incidents, ensuring timely and effective handling of accidents to minimize environmental harm[187]. - The company was recognized as a clean production enterprise by the Jiangmen Municipal Bureau of Industry and Information Technology in December 2020[185]. Employee Management and Compensation - The company has implemented stock incentive grants for key personnel, enhancing retention and motivation[127]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to RMB 603.59 million[141]. - The company has established a remuneration decision-making process for directors and supervisors, which requires approval from the shareholders' meeting[141]. Community Engagement - The company donated a total of 893,000 RMB for various charitable activities, including educational support and medical equipment donations[195]. - The company actively participates in community support initiatives, contributing to rural revitalization efforts with a donation of 150,000 RMB[196].

2022 年第一季度报告 证券代码：688148 证券简称：芳源股份 广东芳源环保股份有限公司 2022 年第一季度报告 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。 | 项目 | 本报告期 | 本报告期比上年同期 | | --- | --- | --- | | | | 增减变动幅度(%) | | 营业收入 | 404,787,086.21 | 15.03 | | 归属于上市公司股东的净利润 | -2,270,778.97 | -112.55 | | 归属于上市公司股东的扣除非经 常性损益的净利润 | -2,716,429.48 | -115.09 | | 经营活动产生的现金流量净额 | 43,062,191.17 | 不适用 | | 基本每股收益（元/股） | -0.00 | 不适用 | | 稀释每股收益（元/股） | -0.00 | 不适用 | 1 / 12 2022 年第一季度报告 | 加权平均净资产收益率（%） | | -0.17 | 减少 2.10 | 个百分点 | | --- | --- | --- | - ...