证券代码：688707 证券简称：振华新材 公告编号：2023-029 贵州振华新材料股份有限公司 关于放弃参股公司增资优先认购权暨关联交易的公告 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： 交易简要内容：贵州振华新材料股份有限公司（以下简称"振华新材" "公司"）的参股公司贵州红星电子材料有限公司（以下简称"红星电子"）拟 实施增资，红星电子现有注册资本为 6,850 万元，计划新增资本 8,150 万元，增 资完成后红星电子注册资本为 15,000 万元。公司同意红星电子本次增资事项， 并放弃对红星电子同比例增资优先认购权。 本次放弃对参股公司的增资优先认购权，构成关联交易。本次增资完成 后，公司持有红星电子的的股权比例将从现有的 34%下降至 15.53%。 本次交易未构成重大资产重组 过去 12 个月内公司与红星电子之间发生的关联交易均为日常关联交易， 2022 年 8 月至 2023 年 7 月实际发生关联交易金额为人民币 3.76 亿元，未超出 年度股东大会审议通过的预计金额。 一、关联交易 ...

我们同意《关于放弃红星电子增资优先认购权暨关联交易的议案》，并同意 将该议案提交公司董事会审议。 以下无正文，接独立董事签字页） 1 （本页无正文，为《贵州振华新材料股份有限公司独立董事关于公司第六届董事 会第十次会议有关事项的独立意见》签署页) 贵州振华新材料股份有限公司 独立董事关于 公司第六届董事会第十次会议有关事项的独立意见 根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共 和国证券法》（以下简称"《证券法》"）等法律、法规及规范性文件，《贵州 振华新材料股份有限公司章程》（以下简称"《公司章程》"）《贵州振华新材 料股份有限公司独立董事工作制度》等公司制度文件的相关规定，我们作为贵州 振华新材料股份有限公司(以下简称"公司")独立董事，本着对全体股东和公司 负责的原则，对公司第六届董事会第十次会议有关审议事项进行了认真审查，并 发表如下独立意见： 1. 《关于放弃红星电子增资优先认购权暨关联交易的议案》 经核查，我们认为：公司放弃对参股公司红星电子的增资优先认购权是基于 自身发展定位和整体发展战略规划而做出的审慎决策，符合公司长期发展战略规 划。同时，本次放弃增资优先认购权涉及到关 ...

贵州振华新材料股份有限公司 独立董事关于 公司第六届董事会第十次会议有关事项的事前认可意见 根据《中华人民共和国公司法》（以下简称"《公司法》"）等法律、法规 及规范性文件，《贵州振华新材料股份有限公司章程》（以下简称"《公司章程》"） 《贵州振华新材料股份有限公司独立董事工作制度》等公司制度文件的相关规 定，我们作为贵州振华新材料股份有限公司(以下简称"公司")独立董事，本着 对全体股东和公司负责的原则，基于独立、客观判断的原则，现发表事前认可意 见如下： 1. 《关于放弃红星电子增资优先认购权暨关联交易的议案》 1 （本页无正文，为《贵州振华新材料股份有限公司独立董事关于公司第六届董事 会第十次会议有关事项的事前认可意见》签署页) 独立董事签字: 程 琥 梅 益 范其勇 公司拟放弃红星电子增资优先认购权暨关联交易是出于公司整体发展战略 考虑，公司本次放弃红星电子增资优先认购权的关联交易是按照公平、公正以及 诚实守信等原则开展，不存在损害公司利益和其他非关联董事、非关联股东的利 益的情形，符合中国证监会和上海证券交易所的有关规定。 因此，我们同意将该议案提交董事会审议。 （以下无正文，接独立董事签字页） 贵 ...

Financial Performance - The net profit attributable to shareholders of the listed company decreased by 79.37% in the current reporting period due to a decline in upstream lithium salt market prices[1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 78.85%, as downstream customers adjusted their procurement of cathode materials to optimize inventory costs[1]. - Basic and diluted earnings per share for the current period were both down by 79.37% due to a decrease in product sales and an increase in unit labor and manufacturing costs[1]. - Operating revenue for the reporting period was CNY 2,006,164,565.53, a decrease of 22.21% compared to the same period last year[13]. - Net profit attributable to shareholders was CNY 70,641,478.89, down 79.37% year-on-year[13]. - Basic earnings per share were CNY 0.1595, reflecting a decline of 79.37% year-on-year[13]. - Net profit for Q1 2023 was CNY 83,054,132.52, a significant decline of 78.8% compared to CNY 391,452,746.26 in Q1 2022[34]. Cash Flow and Investments - The cash and cash equivalents at the end of the period amounted to 856,518,197.42 RMB, reflecting a net decrease of 741,153,653.19 RMB during the period[11]. - The company incurred an investment cash outflow of 112,642,329.68 RMB, with a net cash flow from investing activities of -111,717,116.58 RMB[11]. - The financing activities generated a net cash flow of 148,203,776.09 RMB, with total cash inflows from financing activities amounting to 681,825,640.41 RMB[11]. - Cash flow from operating activities was negative at CNY -777,647,036.07, not applicable for year-on-year comparison[13]. - In Q1 2023, cash inflow from operating activities was approximately CNY 1.23 billion, compared to CNY 668.59 million in Q1 2022, representing a significant increase[51]. - The net cash outflow from operating activities was CNY -777.65 million in Q1 2023, compared to CNY -91.76 million in Q1 2022, indicating a worsening cash flow situation[51]. - Cash inflow from investment activities totaled CNY 925.21 million in Q1 2023, while cash outflow for fixed assets and other long-term assets was CNY 112.64 million[51]. Inventory and Receivables - The company recognized a provision for inventory impairment at the end of the reporting period due to the decline in upstream lithium salt prices[1]. - Accounts receivable decreased from CNY 1,566,769,750.87 to CNY 1,209,496,467.84[15]. - Inventory increased from CNY 1,825,297,355.36 to CNY 2,074,752,879.83[15]. Research and Development - R&D investment totaled CNY 37,300,068.68, a decrease of 39.05% compared to the previous year[13]. - R&D expenditure accounted for 1.86% of operating revenue, a decrease of 0.51 percentage points year-on-year[13]. - Research and development expenses for Q1 2023 were CNY 37,300,068.68, a decrease of 39.0% from CNY 61,193,756.50 in Q1 2022[34]. Market and Strategic Focus - The overall gross profit margin decreased year-on-year, influenced by the rapid decline in upstream lithium salt prices and the corresponding cost fluctuations[1]. - The company is focusing on optimizing its product structure and cost management in response to market changes[1]. - The company has established a comprehensive cooperation relationship with leading domestic battery cell customers for sodium-ion batteries, achieving sales of several tons during the reporting period[44]. - The company has laid out corresponding patents and core technologies for sodium-ion battery materials, ensuring a solid foundation for future business development[44]. Assets and Equity - Total assets at the end of Q1 2023 were CNY 10,200,149,004.30, a decrease of 7.87% from CNY 11,071,740,496.25 at the end of the previous year[40]. - Equity attributable to shareholders of the listed company increased by 1.73% to CNY 4,159,539,044.66 from CNY 4,088,897,565.77 at the end of the previous year[40]. Financial Ratios - The weighted average return on equity was 1.71%, a decrease of 9.34 percentage points compared to the previous year[13]. - The company reported a significant increase in investment income from joint ventures, amounting to CNY 5,254,388.96 in Q1 2023 compared to CNY 13,008,239.80 in Q1 2022[34]. - The company’s financial expenses for Q1 2023 were CNY 19,311,141.08, slightly down from CNY 19,726,442.76 in Q1 2022[34].

证券代码：688707 证券简称：振华新材 公告编号：2023-024 贵州振华新材料股份有限公司 关于参加"2022 年度贵州辖区上市公司业绩说明会 暨投资者集体接待日活动"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。 贵州振华新材料股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日披露了《2022 年年度报告》。为加强上市公司与投资者的交流互动，便于投 资者进一步了解公司 2022 年度经营情况及其他关切问题，公司将参加在贵州证 监局指导下，贵州证券业协会联合深圳市全景网络有限公司举办 2022 年度贵州 辖区上市公司业绩说明会暨投资者集体接待日活动，并征集相关问题，具体安排 如下： 一、业绩说明会的安排 召开时间：2023 年 5 月 17 日 15:30-17:30 召开方式：网络远程方式。 出席本次活动人员有：董事长侯乔坤先生、董事会秘书兼副总经理王敬先生、 总会计师刘进先生。 参与方式：投资者可登录 http://rs.p5w.net 进入专区页面参与交流。 二、投资者问题提前征集 ...

Financial Performance - The net profit attributable to shareholders of the listed company decreased by 79.37% during the reporting period due to a decline in upstream lithium salt market prices[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses also fell by 78.85%, as downstream customers adjusted their procurement of cathode materials to optimize inventory costs[14]. - Basic earnings per share decreased by 79.37% in the reporting period, reflecting a drop in product sales[14]. - Net profit attributable to shareholders for Q1 2023 was CNY 70,641,478.89, down 79.37% from the previous year[32]. - Basic earnings per share for Q1 2023 was CNY 0.1595, reflecting a decrease of 79.37% year-over-year[32]. - Net profit for the period was 70,641,478.89, compared to 342,439,942.24 in the previous period, indicating a significant decrease[48]. - Basic and diluted earnings per share were both 0.1595, down from 0.7731 in the previous period[48]. - The total comprehensive income attributable to the parent company was 70,641,478.89, a decrease from 342,439,942.24[48]. Assets and Liabilities - The total non-current assets amounted to approximately RMB 3.02 billion, an increase from RMB 2.88 billion in the previous period[22]. - The total assets of the company were approximately RMB 10.20 billion, down from RMB 11.07 billion in the previous period[23]. - The total liabilities decreased to approximately RMB 6.04 billion from RMB 6.98 billion in the previous period[23]. - Total assets at the end of Q1 2023 were CNY 10,200,149,004.30, down 7.87% from CNY 11,071,740,496.25 at the end of the previous year[33]. - The total current assets as of March 31, 2023, are RMB 7,177,479,216.28, down from RMB 8,194,719,827.31 at the end of 2022[41]. - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 856,518,197.42, down from CNY 901,387,716.98 at the end of the previous year[30]. - The company's cash and cash equivalents as of March 31, 2023, amount to RMB 990,542,476.47, a decrease from RMB 1,899,131,035.92 at the end of 2022[41]. - Accounts receivable decreased to RMB 1,209,496,467.84 from RMB 1,566,769,750.87 year-over-year[41]. - Inventory increased to RMB 2,074,752,879.83 from RMB 1,825,297,355.36 year-over-year[41]. - Long-term equity investments increased to RMB 61,653,177.43 from RMB 56,398,788.47 year-over-year[41]. - Fixed assets remained stable at RMB 2,367,065,666.67 compared to RMB 2,367,042,668.20 at the end of 2022[41]. Revenue and Costs - Total operating revenue for Q1 2023 was CNY 2,006,164,565.53, a decrease of 22.21% compared to CNY 2,579,080,055.70 in Q1 2022[25]. - The company reported a total operating cost of CNY 1,891,010,544.53 for Q1 2023, compared to CNY 2,194,293,593.39 in Q1 2022[25]. - Research and development expenses totaled CNY 37,300,068.68, a decrease of 39.05% compared to the previous year[32]. - Net cash flow from operating activities for Q1 2023 was -CNY 777,647,036.07, indicating a significant cash outflow[29]. - The company experienced a net cash outflow from investing activities of -CNY 111,717,116.58 in Q1 2023[30]. Business Development - The company has established comprehensive and deep cooperation with leading domestic cell customers for its sodium-ion battery cathode materials, achieving sales of several tons during the reporting period[17]. - The company has laid out corresponding patents and core technologies for sodium-ion batteries, ensuring independent control for future business development[17]. - The company has cumulatively sold tens of tons of sodium-ion battery cathode materials[38]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,200[36]. - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 125,380,000 shares, accounting for 28.31% of total shares[36]. Other Financial Information - The company reported a government subsidy of RMB 1.95 million, which is closely related to its normal business operations[5]. - The company recorded a loss of RMB 2.22 million from the disposal of non-current assets during the reporting period[5]. - The weighted average return on net assets for Q1 2023 was 1.71%, a decrease of 9.34 percentage points compared to the previous year[32]. - The company has no known related party transactions or concerted actions among the top shareholders[37].

Revenue Growth - In 2022, the company's revenue from ternary cathode materials reached 13.5 billion RMB, accounting for 97% of total revenue, with a year-on-year growth of 158% driven by increased demand for new energy vehicles [20]. - The sales volume of ternary cathode materials increased by 34% year-on-year, benefiting from the rapid growth of the new energy vehicle market, which saw a total sales volume of 6.887 million units in China, a 93.4% increase [20]. - The company achieved an operating revenue of CNY 1,393,559.36 million in 2022, representing a year-on-year increase of 152.69% due to strong demand for cathode materials in the rapidly growing electric vehicle battery market [116]. - The company's total revenue for the current period reached ¥1,393,559.36 million, a 152.69% increase compared to ¥551,490.04 million in the previous year [137]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a year-over-year growth of 25% [185]. Profitability and Financial Performance - The company's net profit attributable to shareholders increased significantly due to a substantial rise in operating income and optimized product structure [10]. - The company's gross profit margin experienced significant fluctuations due to the lag in matching raw material costs with sales pricing, influenced by volatile raw material market prices [108]. - The gross profit margin for the lithium battery sector was 13.24%, a decrease of 1.32 percentage points compared to the previous year [139]. - The gross profit margin for ternary cathode materials was 13.23%, reflecting a decrease of 1.29 percentage points compared to the previous year [139]. - The company reported a significant increase in long-term borrowings to ¥123,631.51 million, up 113.32% from ¥57,956.51 million, to support expanded operations [123]. Research and Development - The company achieved a total R&D investment of approximately ¥250.95 million in 2022, representing a 67.93% increase compared to ¥149.44 million in the previous year [39]. - Research and development expenses totaled RMB 250.95 million, a year-on-year increase of 67.93%, attributed to the expansion of the R&D team and increased investment in R&D activities [63]. - The company has developed sodium-ion battery cathode materials with superior performance indicators compared to market averages, achieving sales of several tons during the reporting period [61]. - The company has submitted 9 patent applications related to sodium-ion battery cathode materials, forming an initial patent layout to ensure technological independence [86]. - The company has been granted 17 invention patents, including 16 domestic and 1 foreign patent, highlighting its commitment to innovation [38]. Market Position and Competitive Advantage - The company is positioned to benefit from the ongoing growth in the new energy vehicle sector, which is expected to continue expanding in the coming years [20]. - The company has established a strong competitive position in the global power battery market, characterized by a tripartite structure among China, Japan, and South Korea [59]. - The company has established long-term stable partnerships with major domestic battery manufacturers, including CATL and A123, enhancing its market presence [73]. - The company has achieved industrialization of a full series of nickel-cobalt-manganese lithium ternary cathode materials, including medium nickel, medium-high nickel, high nickel, and ultra-high nickel [53]. - High-nickel ternary materials (8 series and above) accounted for over 40% of the shipment structure in China in 2022, indicating a significant market trend towards high-nickel materials [31]. Production and Capacity Utilization - The production capacity utilization rate exceeded 90% in 2022, leading to cost reductions and efficiency improvements [10]. - The company is actively expanding production capacity in the new energy vehicle battery sector, with multiple projects underway including the Yilong Phase III and Shawan Phase I upgrades [193]. - The company has launched high-nickel single crystal products, which are gaining market share due to their cost-effectiveness in high-voltage applications, contributing to an increasing proportion of main business revenue [69]. - The company has achieved over ten tons of shipments in ultra-high nickel single crystal materials, demonstrating superior energy density and high-temperature storage performance compared to competitors [95]. - The company has achieved industrialization of a full range of primary particle large single crystal ternary cathode materials, covering mid-nickel, medium-high nickel, high nickel, and ultra-high nickel [165]. Customer and Supplier Relationships - The top five customers contributed CNY 132.9 billion, which accounted for 95.36% of the annual sales total, highlighting a high customer concentration risk [119]. - The company's top customer contributed ¥1,077,020.02 million in sales, representing 77.29% of total annual sales, indicating a high dependency on major clients [143]. - The top five suppliers accounted for 58.65% of total procurement, with no related party transactions, indicating a stable supply chain [143]. - The company has established comprehensive and in-depth cooperation with leading domestic battery cell customers, with cumulative shipments of sodium-ion battery cathode materials reaching several tons [41]. - The company plans to enhance cooperation with well-known battery clients to penetrate the supply chains of electric vehicles and energy storage systems [152]. Sustainability and Risk Management - The company is actively participating in the recycling industry for used power batteries, aligning with national strategies for sustainable resource development [33]. - The company is focusing on the development of low-cost ternary precursors, sodium-ion battery cathode materials, and other advanced materials to mitigate the risk of technological obsolescence [102]. - The company emphasizes quality management and has obtained ISO/TS16949:2009 certification, ensuring that new product development meets industry standards [97]. - The company aims to integrate sustainable development into its business processes and strategic direction, enhancing its core competitiveness in new materials [169]. - The company emphasizes the importance of risk management in project construction to mitigate potential risks associated with simultaneous project execution [193]. Financial Health and Cash Flow - The company's asset-liability ratio stood at 63.07% at the end of 2022, indicating a relatively high level of financial leverage and associated risks [85]. - The cash flow from operating activities showed a significant recovery in the fourth quarter, reaching 913.62 million RMB [14]. - The net cash flow from operating activities surged to ¥115,671.41 million, a significant increase of 1,107.25% from ¥9,581.38 million in the previous year, driven by expanded production and sales [158]. - The company faces risks related to the volatility of key raw material prices, including lithium, cobalt, and nickel, which could impact profitability and supply chain stability [103]. - The investment cash flow net amount was negative at -¥84,091.90 million, primarily due to increased investments in construction projects [159].

证券代码：688707 证券简称：振华新材 公告编号：2023-010 贵州振华新材料股份有限公司 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、准确性和完整性承担个别及连带责任。 重要内容提示： 投资者可于 2023 年 4 月 26 日(星期三)至 5 月 5 日(星期五)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 zec@zh-echem.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。 贵州振华新材料股份有限公司（以下简称"公司"）将分别于 2023 年 4 月 28 日及 2023 年 4 月 29 日发布公司 2022 年年度报告及 2023 年第一季度报告， 为便于广大投资者更全面深入地了解公司2022年年度及2023年第一季度经营成 果、财务状况，公司计划于 2023 年 5 月 8 日上午 09:00-10:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次 ...

证券代码：688707 证券简称：振华新材 编号：2022-004 贵州振华新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：688707 证券简称：振华新材 编号：2022-003 贵州振华新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | 特定对象调研 | 分析师会议 | | 投资者关系 | □媒体采访 | □业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | | 现场参观 | □一对一沟通 | | | □券商策略会 □其他 | | | 参与单位及 人员 | 国泰君安：石岩、牟俊宇、庞钧文 林浩祥 | 富国基金：邬华宇、王泉涌、徐智翔、杨栋、吴畏、祝帧哲、肖威兵、孟浩之、 孙彬、孙萌、孙权、王佳晨、毕天宇、崔宇、顾飞飞、厉叶淼、侯梧、朱少醒、 ...