| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2023-055 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于参加 2023 年半年度新能源及新材料行业集体业绩说 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： 线 上 文 字 互 动 平 台 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （http://roadshow.sseinfo.com/） 投资者可于 2023 年 9 月 7 日(星期四)下午 16:00 前将有关问题通过电 子邮件的形式发送至公司投资者关系邮箱：688388@gdjykj.net。公司将在文字 互动环节对投资者普遍关注的问题进行回答。 广东嘉元科技股份有限公司（以下简称"公司"）已于 2023 年 8 月 29 日披 露公司《2023 年半年度报告》，为便于广大投资者更全面深入地了解公司 2023 年 半年度经营成果、财务状况、发展理念，公司参与了由上 ...

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2023-053 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 第五届监事会第七次会议决议公告 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。 一、监事会会议召开情况 广东嘉元科技股份有限公司（以下简称"公司"）第五届监事会第七次会议 （以下简称"会议"）于 2023 年 8 月 26 日以通讯表决方式召开，本次会议通知 于 2023 年 8 月 16 日发出，会议应出席监事 3 名，实际出席监事 3 名，出席会议 人数符合《中华人民共和国公司法》和《广东嘉元科技股份有限公司章程》（以 下简称"《公司章程》"）规定。会议的召集和召开程序符合有关法律、行政法 规、部门规章、规范性文件和《公司章程》的规定，会议决议合法、有效。 二、监事会会议审议情况 本次会议以记名投票表决方式审议通过了以下议案: （一）审议通过《公司 2023 年半年度报告及其摘要》 （5）具体内容详见公司同日在上 ...

广东嘉元科技股份有限公司 ( 本页 为《广东嘉元科技股份有限公司独立董事关于第五届董事会第 九次会议相关事项的独立意见》之签署页) 独立董事 (签名): 张展源_张of8188 2073年8月26日 ( 本页 为《广东嘉元科技股份有限公司独立董事关于第五届董事会第 九次会议相关事项的独立意见》之签署页 ) 独立董事 (签名):施志聪 2025K 2023年 8月26日 经审核，公司根据相关业务规则，编制了《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》，公司编制的《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》内容真实、准确、 完整，不存在虚假记载、误导性陈述和重大遗漏，符合相关法律法规 的规定，如实反映了公司 2023 年半年度募集资金存放与实际使用情 况，不存在违规使用募集资金的行为，不存在改变或变相改变募集资 金投向和损害股东利益的情况。 综上，我们一致同意该议案。（以下无正文） ( 本页 为《广东嘉 元科技 股份有限公司独立董事关于第五届董事会第 九次会议相关事项的独立意见》之签署页） 独立董事（签名): 廖朝理 2m 2073年8月26日 独立董事关于第五届董事会第 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥983,837,667.02, representing a year-on-year increase of 2.20%[5] - The net profit attributable to shareholders decreased by 78.83% to ¥36,834,887.49 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses also fell by 78.87% to ¥35,460,018.32[5] - Basic and diluted earnings per share were both ¥0.12, down 83.78% compared to the same period last year[6] - The company's total revenue for Q1 2023 was ¥981,708,582.37, representing an increase of 2.0% compared to ¥960,022,513.32 in Q1 2022[31] - The net profit for Q1 2023 was ¥41,422,009.97, a decrease of 76.8% from ¥171,579,269.43 in Q1 2022[32] - The company’s total comprehensive income for Q1 2023 was CNY 36,725,685.92, compared to CNY 174,004,292.32 in the previous year, indicating a significant decrease[21] Cash Flow - The net cash flow from operating activities was ¥54,663,341.10, an increase of 72.35% year-on-year[6] - The cash inflow from operating activities was ¥1,033,264,967.09 in Q1 2023, compared to ¥902,507,027.00 in Q1 2022, marking a growth of 14.5%[34] - The net cash flow from investing activities in Q1 2023 was negative CNY 85,094,418.82, compared to a positive cash flow of CNY 444,234,963.74 in Q1 2022, indicating a significant shift in investment strategy[24] - The total cash inflow from financing activities in Q1 2023 was CNY 278,060,000.00, down from CNY 332,510,000.00 in Q1 2022, indicating a decrease in financing activities[25] - The net cash flow from financing activities was $206,802,609.02 in Q1 2023, a turnaround from a negative $170,492,377.93 in Q1 2022[35] - The net increase in cash and cash equivalents for Q1 2023 was $864,049,491.64, compared to $288,080,401.65 in Q1 2022, representing an increase of about 200%[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,051,938,837.43, an increase of 2.37% from the end of the previous year[6] - Current liabilities totaled CNY 1,899,629,768.31 in Q1 2023, slightly down from CNY 1,921,838,238.79 in Q1 2022, a decrease of approximately 1.2%[18] - Non-current liabilities increased to CNY 1,697,381,002.67 in Q1 2023 from CNY 1,469,904,264.74 in Q1 2022, representing an increase of about 15.5%[18] - The company's total liabilities amounted to ¥2,916,388,251.16 in Q1 2023, compared to ¥2,856,677,144.15 in Q1 2022, an increase of 2.0%[29] Research and Development - Research and development expenses totaled ¥64,019,930.55, up 26.84% from the previous year, accounting for 6.51% of operating revenue, an increase of 1.27 percentage points[6] - Research and development expenses for Q1 2023 were CNY 10,195,654.61, significantly lower than CNY 50,471,587.02 in Q1 2022, marking a reduction of about 79.9%[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 20,072[12] - The largest shareholder, Guangdong Jiayuan Investment Development Co., Ltd., holds 10,309,278 shares, accounting for 24.19% of the total shares[12] - The top ten shareholders include various investment funds, with the largest being the Jiashan New Energy Materials Fund, holding 4,598,544 shares[13] Government Support and Investments - The company received government subsidies amounting to ¥666,807.92, which contributed to its non-recurring gains[7] - The company reported investment income of CNY 1,476,350.53 for Q1 2023, down from CNY 7,001,232.36 in Q1 2022, a decline of approximately 78.9%[20] - The company received CNY 300,000,000.00 from investment recoveries in Q1 2023, a significant drop from CNY 912,212,502.05 in Q1 2022, highlighting changes in investment returns[24] Operational Costs - The company reported a significant increase in operating costs by 30.56% due to expanded production capacity and rising labor and material costs[9] - Total operating costs for Q1 2023 were CNY 941,564,623.85, up from CNY 763,401,565.61 in Q1 2022, indicating a rise of about 23.4%[19] Future Outlook - The company plans to continue increasing investment in new product development and market expansion strategies[9] - The company has not provided any specific performance guidance for the upcoming quarters[15] - The company has not reported any significant new product developments or technological advancements in the current quarter[15] - There are no new market expansion or acquisition strategies disclosed in the latest report[15] - The company has not received any notifications regarding related party relationships among shareholders, except for known relationships[14] Accounting Standards - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[35]

| 证券代码：688388 | 证券简称：嘉元科技 | 公告编号：2023-032 | | --- | --- | --- | | 转债代码：118000 | 转债简称：嘉元转债 | | 广东嘉元科技股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 会议时间：2023 年 5 月 5 日（星期五）10:00-11:00 会议方式：上证路演中心网络文字互动方式 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （http://roadshow.sseinfo.com） 投资者可于 2023 年 4 月 27 日（星期四）至 2023 年 5 月 4 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"栏目或将有关问题通过 电子邮件的形式发送至公司投资者关系邮箱：688388@gdjykj.net。公司将在说 明会上对投资者普遍关注的问题进行回答。投资者可于 2023 年 5 月 5 日 ...

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year growth of 20%[74]. - The company’s net profit for 2022 was reported at 300 million RMB, reflecting a 30% increase compared to 2021[74]. - The company's basic earnings per share for 2022 was CNY 2.12, a decrease of 10.92% compared to CNY 2.38 in 2021[90]. - The weighted average return on equity for 2022 was 12.10%, down by 5.78 percentage points from 17.88% in 2021[90]. - The net profit attributable to shareholders decreased by 5.36% to ¥520,504,370.05 from ¥549,959,098.02 in the previous year[127]. - The net cash flow from operating activities was negative at -¥537,601,633.11, a decrease of 268.70% compared to ¥318,670,380.58 in 2021[128]. - The company's net assets increased by 102.92% to ¥7,286,287,476.45 at the end of 2022, up from ¥3,590,662,429.33 at the end of 2021[128]. - The total operating income for Q4 2022 was ¥1,359,655,926.79, showing a slight increase compared to ¥1,347,027,522.87 in Q3 2022[138]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 5.5 RMB per 10 shares, totaling approximately 167.45 million RMB, which accounts for 32.17% of the net profit attributable to shareholders for 2022[10]. - The company intends to increase its total share capital by 121.78 million shares through a capital reserve transfer, raising the total share capital to approximately 426.24 million shares[10]. - The company has initiated a share buyback program worth 100 million RMB to enhance shareholder value[74]. - The company raised a total of RMB 3.407 billion through the issuance of 70,257,493 new shares, with a par value of RMB 1.00 per share[99]. - As of the latest report, the total number of shares outstanding is 304,455,734, with 72.96% being unrestricted circulating shares[98]. Market and Competitive Landscape - The demand for lithium-ion battery copper foil is rapidly increasing due to the growth of the electric vehicle and energy storage sectors, with significant implications for the company's profitability[5]. - The company is exposed to risks from market competition, as new entrants and existing players expand their production capacity in the lithium battery copper foil market[5]. - The company faces risks related to customer concentration, as its main clients are well-known lithium-ion battery manufacturers[85]. - The company’s lithium battery copper foil market share ranks among the top in China, with a focus on high-end products like the 4.5μm ultra-thin copper foil[146]. - The company is positioned to leverage advancements in technology and market expansion opportunities in the lithium battery sector[199]. Research and Development - Research and development expenditures are classified into research and development phases, with research phase costs expensed as incurred[25]. - Research and development expenses increased by 25% year-over-year, totaling 200 million RMB, focusing on new product innovations in electronic copper foil technology[74]. - The company has a stable R&D team with strong professional capabilities, which is crucial for maintaining its competitive advantage in core technologies[82]. - The company applied for 82 technology patents during the reporting period, including 66 invention patents, and was recognized as a national intellectual property demonstration enterprise[149]. - The company is actively developing new copper foil products, including high tensile strength ultra-thin double-sided electrolytic copper foil, with nine new products in the pipeline[149]. Production Capacity and Projects - The company has multiple copper foil production projects under construction, which will increase capacity but may lead to overcapacity if market demand shifts[8]. - The company is expanding its copper foil production capacity to over 50,000 tons annually, with significant projects underway in Jiangxi and Ningde[146]. - The company plans to continue expanding its production capacity and increasing inventory of raw materials to support sales growth[129]. - The "Annual Production of 15,000 Tons of High-Performance Copper Foil Project (Ningde)" had a total investment of 1.2 billion yuan, with actual expenses of 480.82 million yuan, indicating a completion rate of 50.09%[181]. Risk Management - The company acknowledges the risk of declining gross margins due to potential increases in sales prices and raw material costs amid intensified market competition[8]. - The company faces a risk of declining gross margins due to potential adverse changes in product pricing and raw material costs amid increasing market competition and policy adjustments[92]. - The company has implemented a production model based on sales forecasts to mitigate the risks associated with copper price fluctuations[92]. - The company emphasizes the importance of technological innovation and market expansion to mitigate risks associated with product concentration and market competition[5]. Quality Management - The company emphasizes product quality and safety, implementing strict quality management and risk control systems[85]. - The company won the Guangdong Provincial Government Quality Award, highlighting its competitive edge in quality management[146]. - The company implemented a new quality management model, enhancing product quality and customer satisfaction while reducing costs and emissions[146]. Financial Management and Investments - The company has a total of RMB 2.17 billion in bank wealth management products, with an outstanding balance of RMB 324 million[117]. - The company has invested RMB 1.71 billion in bank wealth management products using raised funds, with an outstanding balance of RMB 200 million[117]. - The company has provided guarantees totaling RMB 1.66 billion to subsidiaries during the reporting period[114]. - The company reported interest income from idle working capital and funds raised during the project implementation period, contributing to overall financial performance[175].

Financial Performance - The company's operating revenue for Q3 2022 reached ¥1,347,027,522.87, representing a year-on-year increase of 72.28%[9] - The net profit attributable to shareholders was ¥149,671,376.73, showing a slight decrease of 0.21% compared to the same period last year[9] - The net profit after deducting non-recurring gains and losses was ¥150,248,664.41, which increased by 11.71% year-on-year[9] - Total operating revenue for the first three quarters of 2022 reached ¥3,281,189,504.30, a significant increase from ¥1,987,242,146.61 in the same period of 2021, representing a growth of approximately 65.0%[46] - Net profit for the third quarter of 2022 was ¥437,409,497.49, up from ¥394,375,769.03 in the same quarter of 2021, reflecting a growth of approximately 10.9%[50] - Total comprehensive income attributable to the parent company reached ¥487,685,554.50, an increase from ¥394,224,868.08 in the previous year, reflecting a growth of approximately 23.7%[52] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥7,873,623,969.01, reflecting a growth of 29.92% compared to the end of the previous year[13] - The company's total assets reached ¥7,873,623,969.01 in 2022, up from ¥6,060,437,733.79 in 2021, indicating an increase of approximately 30.0%[46] - The total liabilities increased to ¥3,794,349,997.65 in 2022 from ¥2,451,678,420.26 in 2021, marking an increase of about 54.5%[46] - The company's total liabilities rose to ¥3,488,352,081.49, up from ¥2,358,639,044.03, which is an increase of approximately 47.9%[62] - The company's total equity attributable to shareholders increased to ¥3,961,456,815.04, up 10.33% from the previous year[13] - The company's equity totaled ¥3,985,604,561.16, up from ¥3,610,150,928.74, reflecting a growth of about 10.4%[62] Cash Flow - Cash flow from operating activities showed a net outflow of ¥274,002,393.11 for the year-to-date period[13] - Cash inflow from operating activities totaled ¥3,127,843,064.19, up from ¥2,115,311,722.76, indicating a growth of approximately 47.8%[52] - Cash outflow from operating activities amounted to ¥3,401,845,457.30, compared to ¥1,955,509,591.20 in the previous year, showing an increase of about 73.9%[55] - Net cash flow from operating activities was negative at ¥-274,002,393.11, a decline from a positive cash flow of ¥159,802,131.56 in the previous year[55] - Cash flow from investing activities was negative at ¥-948,127,388.64, improving from ¥-1,434,584,734.31 year-over-year[56] - Cash flow from financing activities generated a net inflow of ¥607,259,606.94, down from ¥1,673,676,229.29 in the previous year[57] Research and Development - The company's R&D investment totaled ¥15,566,595.81 in Q3 2022, a decrease of 58.13% year-on-year, with R&D expenses accounting for 1.16% of operating revenue[13] - Research and development expenses for the reporting period were -58.13 million, indicating a decrease in R&D investment compared to the same period last year[22] - Research and development expenses for the third quarter of 2022 amounted to ¥119,402,805.11, compared to ¥93,249,977.26 in the same quarter of 2021, representing a growth of about 28.0%[46] - Research and development expenses for the first three quarters of 2022 amounted to ¥119,402,805.11, up from ¥93,249,977.26 in the previous year, reflecting a growth of approximately 28.1%[62] Shareholder Information - The company’s total number of common shareholders at the end of the reporting period was 17,075, with the largest shareholder holding 27.04% of the shares[29] - Basic and diluted earnings per share increased to ¥1.87 from ¥1.71, representing a rise of about 9.4%[52]

Company Focus and Market Position - The company focuses on the research, production, and sales of high-performance electrolytic copper foil, with a significant portion of profits derived from lithium battery copper foil sales[6]. - The company primarily produces ultra-thin and extremely thin lithium battery copper foil, with major downstream customers being lithium-ion battery manufacturers[9]. - The company is at risk of losing its technological and market leadership if it fails to keep pace with new technology developments in the copper foil industry[4]. - The company emphasizes the importance of continuous technological innovation and process improvement to meet the increasing quality demands in the copper foil industry[4]. - The company is focused on expanding its product structure and market share in the lithium battery sector, which has a broad market outlook[76]. - The company is focusing on technological innovation, particularly in the development of ultra-thin copper foil products to meet the demands of the electric vehicle industry[93]. Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 25%[25]. - The gross profit margin improved to 30%, up from 28% in the same period last year[25]. - The company's operating revenue for the first half of the year reached ¥1,934,161,981.43, representing a 60.46% increase compared to ¥1,205,359,008.98 in the same period last year[35]. - Net profit attributable to shareholders was ¥288,017,848.64, up 17.92% from ¥244,244,171.75 year-on-year[35]. - The net profit after deducting non-recurring gains and losses was ¥279,929,084.59, reflecting a 21.47% increase from ¥230,456,577.75 in the previous year[35]. - The performance guidance for the second half of 2022 anticipates a revenue growth of 20%[25]. Research and Development - The company has a stable R&D team with strong professional capabilities, which is crucial for maintaining its competitive edge in the market[5]. - The company has allocated RMB 200 million for R&D in new technologies over the next two years[25]. - The total R&D investment amounted to ¥103,836,209.30, representing an 85.20% increase compared to ¥56,068,322.83 in the same period last year[74]. - R&D investment accounted for 5.37% of operating revenue, an increase of 0.72 percentage points from 4.65% in the previous year[74]. - The company applied for 55 technology patents during the reporting period, including 50 invention patents (5 international) and 5 utility model patents[70]. - The company has developed a new method for producing ultra-thin electrolytic copper foil, which enhances the performance of lithium-ion batteries[68]. Production Capacity and Expansion - The company is expanding its production capacity through multiple ongoing and planned projects, aiming to meet the growing demand in the new energy market[12]. - The company plans to expand its production capacity by 40% in the next year to meet growing demand[25]. - The company is expanding its production capacity with projects such as the annual production of 15,000 tons of high-performance copper foil and 30,000 tons of high-precision ultra-thin electronic copper foil, which are gradually being put into operation[90]. - The company has initiated a strategic partnership with Ningde Times to enhance supply chain efficiency[25]. Risks and Challenges - The company acknowledges the risk of declining gross margins due to potential increases in sales prices and raw material costs amid intensified market competition[11]. - The company is aware of the risks associated with a concentrated product structure and downstream application fields, which could significantly impact performance if market conditions change[9]. - The company faces risks related to the fluctuation of copper prices, which directly impacts production costs and product gross margins[107]. - The company faces intensified competition in the lithium battery copper foil market, with new entrants and expanded capacities from existing players[116]. - There is a risk of hydrogen fuel cells potentially replacing lithium-ion batteries, which could impact the company's market position if it fails to innovate[117]. Environmental Management - The company has established a systematic pollution management system to comply with environmental regulations, but faces risks related to potential environmental incidents[118]. - The company has implemented pollution discharge permits and has established wastewater treatment facilities that comply with local standards, ensuring that production wastewater is treated and reused[167]. - The company’s wastewater discharge meets the second-stage first-level standards of local pollution discharge limits, ensuring compliance with environmental regulations[169]. - The company has actively participated in clean production audits and received certification for clean production practices, valid until 2024[185]. Customer Relationships and Market Strategy - The company has established strong customer relationships, enhancing its market position and increasing its market share in the lithium battery copper foil sector[87]. - The company is committed to broadening its sales channels and enhancing product competitiveness to effectively absorb the new production capacity and improve operational performance[12]. - The company's top five customers accounted for 89.87% of total revenue during the reporting period, indicating a high customer concentration risk[102]. Human Resources and Management - The company has a stable management team with over 20 years of industry experience, enhancing its competitive advantage in technology innovation and market responsiveness[85]. - The number of R&D personnel increased to 227 from 159, with R&D personnel accounting for 10.99% of the total workforce[82]. - Average salary for R&D personnel rose to CNY 12.99 million from CNY 4.75 million, reflecting a significant increase in compensation[82]. Shareholder Commitments and Governance - The company has committed to a 36-month lock-up period for shares held by major shareholders, starting from the date of listing, with specific conditions for extension based on stock performance[194]. - Major shareholders are restricted to transferring no more than 25% of their shares annually after the lock-up period ends, and cannot transfer shares within 6 months of leaving their positions[194]. - The commitments made by major shareholders are to remain effective until they cease to be the controlling shareholders of the company[200].

Financial Performance - The company's operating revenue for 2021 reached approximately ¥2.80 billion, representing a 133.26% increase compared to ¥1.20 billion in 2020[40]. - Net profit attributable to shareholders for 2021 was approximately ¥549.96 million, a 195.02% increase from ¥186.41 million in 2020[40]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥497.21 million, reflecting a 203.54% increase from ¥163.80 million in 2020[40]. - The net cash flow from operating activities for 2021 was approximately ¥318.67 million, a significant increase of 249.68% compared to ¥91.13 million in 2020[40]. - As of the end of 2021, the total assets of the company were approximately ¥6.06 billion, a 106.04% increase from ¥2.94 billion at the end of 2020[40]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥3.59 billion, marking a 37.53% increase from ¥2.61 billion at the end of 2020[40]. - The company achieved a basic earnings per share of 2.38 yuan, a 193.83% increase compared to the previous year[43]. - The company's operating revenue for 2021 was 2,804,179,482.94 yuan, representing a 133.26% year-on-year growth[52]. - The weighted average return on equity increased by 10.57 percentage points to 17.88%[43]. - The company reported a total R&D investment of ¥146,905,282.85, a 102.81% increase compared to ¥72,433,288.56 in the previous year[92]. Market Position and Strategy - The company primarily focuses on the production and sales of high-performance lithium battery copper foil, with a significant portion of its profits derived from this segment[7]. - The company has established stable cooperative relationships with major battery manufacturers, enhancing its market position in the lithium battery copper foil sector[52]. - The company plans to expand its market presence and invest in new product development to sustain growth in the coming years[40]. - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to strengthen its market position[40]. - Future performance guidance indicates continued revenue growth driven by increased demand in the industry[40]. - The company aims to leverage its R&D efforts to introduce innovative products that meet market needs[40]. - The company is positioned as a leading supplier in the domestic lithium battery copper foil market, benefiting from strong R&D capabilities and industry partnerships[186]. - The company aims to enhance its market share in ultra-thin lithium battery copper foil products while expanding its production capacity for new high-strength products[187]. Research and Development - The company has established a strong R&D team and maintains a leading position in technology innovation within the industry[5]. - The company emphasizes the need for continuous technological innovation to meet increasing quality and process requirements in the copper foil industry[5]. - The company applied for 79 technology patents during the reporting period, including 59 invention patents[52]. - The company has developed several core technologies, including manufacturing techniques for ultra-thin and extremely thin copper foil, which are critical for the production process[80]. - The company has made significant advancements in its proprietary technologies, including methods for producing ultra-thin electrolytic copper foil and copper foil cleaning techniques[89]. - The company is focusing on new product development in the lithium-ion battery sector, with several projects meeting their expected targets[99]. - The company will continue to increase R&D investment, focusing on the development of ultra-thin electrolytic copper foil for high-capacity power batteries and high-end digital 3C battery products[191]. Risks and Challenges - The company is facing risks related to the loss of core technical personnel, which could adversely affect product development and manufacturing capabilities[6]. - The company is exposed to risks from intensified market competition, particularly as new entrants and existing players expand their production capacity in the lithium battery copper foil market[12]. - The company’s products are primarily used in the electric vehicle and energy storage sectors, making it vulnerable to changes in industry policies and market demand[7]. - The company’s current production capacity expansion may lead to potential overcapacity if market demand shifts unfavorably[14]. - The company’s gross margin may decline due to fluctuations in product pricing and raw material costs amid increasing market competition[13]. - The company faces a risk of declining gross margins due to potential increases in raw material costs and intensified market competition[117]. - The company is exposed to macroeconomic risks that could impact demand in the lithium battery and printed circuit board industries[123]. - Environmental risks are present due to potential pollution from production processes, necessitating compliance with increasing environmental regulations[126]. Operational Efficiency - The company adopts a "sales-driven production" model, aligning production plans with customer orders to optimize operational efficiency[64]. - The company has established stable supply channels for raw materials like copper wire and sulfuric acid, ensuring a reliable procurement process[64]. - The company emphasizes risk management and compliance, enhancing internal control systems and governance structures during the reporting period[4]. - The company has implemented effective cost control measures by closely monitoring raw material prices and optimizing procurement strategies[108]. Customer and Supplier Relationships - The top five customers accounted for 83.99% of the company's total revenue, indicating a high customer concentration risk[112]. - The company established long-term cooperative relationships with major customers, mitigating risks associated with reliance on a few clients[150]. - The top five suppliers accounted for CNY 185,343.38 million, representing 88.11% of the total annual purchases, with the largest supplier, Fujian Shanghang Solar Copper Industry Co., Ltd., contributing CNY 73,855.08 million or 35.11%[154]. Corporate Governance - The company held 6 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting shareholder rights[198]. - The board of directors operates independently and effectively, with specialized committees to support decision-making processes[198]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making and operations[199]. - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[200].

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.80 billion, representing a 133.26% increase compared to ¥1.20 billion in 2020[37]. - The net profit attributable to shareholders for 2021 was approximately ¥549.96 million, a 195.02% increase from ¥186.41 million in 2020[37]. - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥497.21 million, reflecting a 203.54% increase compared to ¥163.80 million in 2020[37]. - The net cash flow from operating activities for 2021 was approximately ¥318.67 million, up 249.68% from ¥91.13 million in 2020[37]. - The total assets at the end of 2021 were approximately ¥6.06 billion, a 106.04% increase from ¥2.94 billion at the end of 2020[37]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥3.59 billion, a 37.53% increase from ¥2.61 billion at the end of 2020[37]. - The company achieved a basic earnings per share of CNY 2.38, a 193.83% increase compared to CNY 0.81 in the previous year[40]. - Revenue from copper foil business reached CNY 2,804,179,482.94, representing a 133.26% year-over-year growth[49]. - The company reported a main business revenue of CNY 2,804,179,482.94, representing a 133.26% increase compared to the previous year[129]. - The net profit attributable to shareholders reached CNY 549,959,098.02, marking a 195.02% increase year-over-year[129]. Market Position and Competition - The company is positioned as a leading supplier of lithium battery copper foil, benefiting from the rapid growth of the lithium-ion battery market driven by the booming electric vehicle industry[189]. - The company faces risks related to technological innovation, particularly in the copper foil industry, which requires continuous improvement to meet increasing quality and process demands[5]. - There is a significant risk of market competition intensifying, as existing lithium battery copper foil manufacturers are expanding capacity and new entrants are emerging in the market[12]. - The concentration of downstream applications in the lithium battery sector poses a risk if market competition increases or if new technologies emerge[11]. - The company has maintained stable cooperation with major battery manufacturers like CATL, enhancing its market position in lithium battery copper foil[49]. - The competitive landscape includes Nord Investment Co. and Guangdong Super Hua Technology Co., both of which have significant market shares and technological advancements in the lithium battery copper foil sector[69][70]. - The company faces risks from intensified competition in the lithium battery copper foil market due to increased capacity and investment from other industries[121]. Research and Development - The company has established a strong R&D team to enhance its independent innovation capabilities, positioning itself among the industry leaders[5]. - The company applied for 79 technology patents during the reporting period, including 59 invention patents and 20 utility model patents[49]. - The company has been recognized as a high-tech enterprise and has established partnerships with universities for research and development, enhancing its technological capabilities[72]. - The company achieved significant advancements in its core technology for ultra-thin electrolytic copper foil used in lithium-ion batteries, recognized with awards including the Guangdong Provincial Science and Technology Progress Award[86]. - The company has ongoing projects with a total expected investment of ¥25,000,000 for RD01, which has already received ¥28,215,417.22 in funding, aimed at new products and processes in the lithium-ion battery sector[93]. - The company is focusing on new product development in the lithium-ion battery sector, which has a high market demand[96]. - The company plans to increase R&D investment, particularly in ultra-thin electrolytic copper foil for high-capacity power batteries and high-end digital 3C battery products, ensuring product quality and cost competitiveness[194]. Production and Capacity Expansion - The company plans to accelerate the construction of new production capacity to capitalize on opportunities in the electric vehicle industry[49]. - The company successfully launched the "5000 tons/year high-performance copper foil technology transformation project" during the reporting period, achieving expected targets[55]. - The first production line of the "annual output of 15,000 tons high-performance copper foil project" successfully commenced trial production, enhancing overall capacity and efficiency[55]. - The company plans to continue expanding its production capacity to meet growing market demand[141]. - The company aims to enhance its production capacity for high-strength ultra-thin lithium battery copper foil, focusing on expanding market share and improving product performance[190]. Risk Management - The company emphasizes risk management and internal control, ensuring compliance with legal and regulatory requirements during the reporting period[52]. - The company acknowledges the risk of declining gross margins due to potential adverse changes in product pricing and raw material costs[13]. - The company faces risks related to the fluctuation of copper prices, which directly impacts production costs and profit margins[116]. - The company has a risk of declining gross margins due to potential increases in raw material costs or intensified market competition[116]. - The company is exposed to seasonal fluctuations in revenue due to the nature of its customer base and the industries it serves[114]. Customer Relationships - The top five customers accounted for 83.99% of the company's total revenue during the reporting period, indicating a high customer concentration risk[111]. - The company has established long-term partnerships with key clients, achieving high customer recognition for its products and services in the lithium battery sector[71]. - The company has established long-term cooperative relationships with major customers, reducing reliance on any single customer[150]. Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[39]. - The company has initiated plans for potential mergers and acquisitions to strengthen its market position[39]. - The company aims to maintain a sustainable growth trajectory through strategic investments and operational efficiencies[39]. - The company is actively managing raw material costs to maintain competitive pricing and optimize procurement strategies[106]. - The company intends to optimize procurement channels and improve supplier quality systems to enhance product quality and delivery times, aiming to reduce inventory and increase material turnover[197].