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、 ...

证券代码：688707 证券简称：振华新材 编号：2022-005 贵州振华新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------|--------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥4,463,879,242.15, representing a year-on-year increase of 205.79%[5] - Net profit attributable to shareholders for Q3 2022 was ¥340,037,249.03, reflecting a year-on-year growth of 210.63%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥334,581,815.08, up 212.91% year-on-year[5] - The total operating revenue for the first three quarters of 2022 reached ¥9,904,055,834.86, a significant increase from ¥3,543,449,581.03 in the same period of 2021[39] - The net profit for the first three quarters of 2022 was ¥1,006,097,492.79, compared to ¥260,527,706.73 in the previous year, indicating a substantial growth[41] - The operating profit for the first three quarters of 2022 was ¥1,136,505,865.98, compared to ¥293,993,502.17 in the previous year, showing a growth of around 287.5%[39] - The company reported a total profit of ¥1,148,860,423.00 for the first three quarters of 2022, a substantial increase from ¥294,752,620.49 in the same period of 2021[41] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥9,792,867,753.16, an increase of 40.86% compared to the end of the previous year[9] - The total assets amounted to ¥9,792,867,753.16, up from ¥6,952,186,115.69, indicating an increase of approximately 40.5% year-over-year[36] - The total liabilities increased to ¥5,930,466,674.39 from ¥4,001,775,104.85 year-over-year[34] - The total liabilities increased to ¥5,970,084,772.86 from ¥4,024,766,925.68 year-over-year, reflecting a growth of approximately 48.4%[36] - The total equity attributable to shareholders of the parent company rose to ¥3,822,782,980.30 from ¥2,927,419,190.01, marking an increase of about 30.5%[36] Cash Flow - The company reported a cash flow from operating activities of ¥90,767,292.62 for Q3 2022, with a year-to-date total of ¥243,094,582.65[5] - In the first three quarters of 2022, the cash inflow from operating activities was approximately CNY 2.42 billion, compared to CNY 1.31 billion in the same period of 2021, representing an increase of 84.8%[44] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 243.09 million, a significant recovery from a negative cash flow of CNY -140.55 million in the same period of 2021[44] - The cash inflow from financing activities was CNY 1.34 billion in the first three quarters of 2022, down from CNY 2.14 billion in the same period of 2021, indicating a decrease in financing activities[47] - The net cash flow from financing activities was CNY -362.82 million in the first three quarters of 2022, a decline from a positive cash flow of CNY 1.55 billion in the same period of 2021[47] Research and Development - Research and development expenses totaled ¥55,832,557.62 for Q3 2022, accounting for 1.25% of operating revenue, a decrease of 0.81 percentage points year-on-year[9] - Research and development expenses for the first three quarters of 2022 were ¥193,661,050.94, significantly higher than ¥74,260,810.65 in the same period of 2021, representing an increase of approximately 160.4%[39] - The company plans to continue investing in R&D to enhance product competitiveness and support new product development[15] Market and Revenue Drivers - The increase in revenue was attributed to the rapid growth of the new energy vehicle battery market and increased demand for cathode materials[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,802, with the largest shareholder, China Zhinhua Electronics Group Co., Ltd., holding 125,380,000 shares, representing 28.31% of the total[22] - The top ten shareholders include state-owned entities and private equity firms, indicating a diverse ownership structure[22] Inventory and Receivables - Accounts receivable increased to ¥2,124,852,969.09 from ¥964,672,390.76 year-over-year[31] - Inventory levels rose to ¥1,960,590,787.86 compared to ¥1,519,820,736.05 in the previous year[31] Cash and Cash Equivalents - The company's cash and cash equivalents as of September 30, 2022, amounted to ¥1,233,320,045.75, a decrease from ¥1,470,991,345.96 at the end of 2021[31] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2022 was CNY 694.25 million, down from CNY 1.35 billion at the end of the same period in 2021[47] Investment Activities - The cash outflow for investment activities in the first three quarters of 2022 totaled CNY 2.01 billion, compared to CNY 133.61 million in the same period of 2021, indicating a substantial increase in investment spending[47] - The net cash flow from investment activities was CNY -606.35 million in the first three quarters of 2022, compared to CNY -133.60 million in the same period of 2021, reflecting increased investment outlays[47] - The company received CNY 1.4 billion from investment recoveries in the first three quarters of 2022, indicating strong cash inflow from divestments[47] - The company paid CNY 1.1 billion in debt repayments during the first three quarters of 2022, reflecting ongoing debt management efforts[47] Other Information - The company has not reported any significant new product launches or technological advancements in this quarter[28]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million CNY for the first half of 2022, representing a 25% year-over-year growth[2]. - The company's operating revenue for the first half of 2022 reached 544,017.66 million RMB, a year-on-year increase of 161.09% compared to 208,365.16 million RMB in the same period last year[27]. - The net profit attributable to shareholders for the first half of 2022 was 66,606.02 million RMB, representing a significant year-on-year growth of 340.92% from 15,106.09 million RMB[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 65,617.88 million RMB, up 347.04% year-on-year from 14,678.25 million RMB[27]. - The net cash flow from operating activities increased by 825.89% year-on-year, amounting to 15,232.73 million RMB compared to 1,645.20 million RMB in the previous year[27][30]. - The gross profit margin improved to 35%, up from 30% in the same period last year[2]. Market Expansion and Product Development - User data indicates a growing customer base, with an increase of 15% in active users compared to the previous year, reaching 1.2 million users[2]. - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 20% based on current market trends and demand[2]. - New product development includes the launch of a next-generation lithium-ion battery, expected to enhance energy density by 30%[2]. - The company is expanding its market presence, with plans to enter two new international markets by the end of 2022[2]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to increase market share by 10%[2]. Research and Development - The company has allocated 50 million CNY for research and development in new technologies for battery materials[2]. - The company's R&D investment accounted for 2.53% of operating revenue, up from 2.12% in the previous year, indicating a 0.41 percentage point increase[27]. - The company achieved a total R&D investment of ¥137,828,493.32, representing a significant increase of 212.2% compared to ¥44,147,890.84 in the same period last year[49]. - The number of R&D personnel increased to 276, representing 14.22% of the total workforce, compared to 217 and 12.22% respectively in the previous year[56]. - The company has established an annual production line capacity of 50,000 tons for lithium-ion battery cathode materials, which can also be adjusted to produce sodium-ion battery cathode materials[35]. - The company has achieved substantial breakthroughs in the research and development of sodium-ion battery cathode materials, with initial small-batch shipments to customers[35]. Environmental and Sustainability Initiatives - Future guidance includes maintaining a focus on sustainability and reducing carbon emissions by 15% over the next three years[2]. - The company has established wastewater treatment systems and other pollution control facilities, maintaining compliance with environmental standards during the reporting period[104]. - The company achieved a 20% reduction in carbon dioxide emissions per unit compared to the baseline year, with a renewable energy usage rate of 60% and a recycled material usage rate of 20%[113]. - The company has implemented stricter internal wastewater control standards, ensuring compliance with legal discharge requirements for wastewater, waste gas, and noise[112]. - The company is actively working on carbon reduction initiatives, including the establishment of a zero-carbon factory and promoting upstream suppliers to improve their carbon emission systems[113]. Financial Management and Shareholder Relations - The company commits to actively promote the construction of fundraising investment projects to achieve expected benefits as soon as possible[10]. - The company will strictly implement the cash dividend policy to provide reasonable returns to investors[10]. - The controlling shareholder expresses confidence in the company's future and intends to maintain a stable shareholding position[127]. - The company will not transfer or manage shares held before the IPO for 12 months post-listing[126]. - The company has established a comprehensive financial cooperation agreement with China Electronics Financial Co., with a credit limit of RMB 2 billion, effective for three years[174]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which could impact production capacity[2]. - The company faces risks related to raw material price fluctuations, particularly for lithium resources, which have been in high demand since 2021[68]. - Accounts receivable amounted to ¥274,615.13 million, accounting for 35.20% of total assets, raising concerns about potential bad debt risks[74]. - Inventory value stood at ¥142,766.91 million, representing 18.30% of total assets, which poses a risk of inventory write-downs if market conditions worsen[75]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period[166]. - There are no significant non-operating fund occupations by controlling shareholders or other related parties[166]. - The company has no major related party transactions that have not been disclosed in temporary announcements[169]. - The company has received no penalties or corrective actions related to violations of laws and regulations during the reporting period[166].

证券代码：688707 证券简称：振华新材 公告编号：2022-019 贵州振华新材料股份有限公司 关于参加"2021 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。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广 大投资者沟通交流，进一步提升投资者关系管理水平，贵州证监局、贵州证券业 协会联合深圳市全景网络有限公司，将于 2022 年 5 月 13 日 09:30-11:30 在"全 景路演"（http://rs.p5w.net）举办"2021 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"。 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、 董事会办公室主任夏荧营女士。 为充分尊重投资者、提升交流的针对性，现就公司本次活动提前向投资者公 开征集问题，广泛听取投资者的意见和建议。投资者可即日起访问 https://ir. p5w.net/zj/ ，进入问题征集专题页面提交问题。公司将对投资者普遍关注的问 题 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,579,080,055.70, representing a year-on-year increase of 161.40%[6] - Net profit attributable to shareholders was ¥342,439,942.24, up 345.35% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥338,339,320.72, reflecting a 352.29% increase year-on-year[6] - Basic earnings per share increased to ¥0.77, a rise of 234.78% year-on-year[6] - Total operating revenue for Q1 2022 reached ¥2,579,080,055.70, a significant increase of 161.5% compared to ¥986,638,550.27 in Q1 2021[38] - Net profit for Q1 2022 was ¥342,439,942.24, compared to ¥76,892,284.21 in Q1 2021, representing a growth of 345.5%[41] - The company's comprehensive income for Q1 2022 totaled ¥342,439,942.24, compared to ¥76,892,284.21 in Q1 2021, reflecting a substantial increase[41] Cash Flow and Liquidity - The company's cash flow from operating activities was negative at -¥91,760,183.04, a decline of 312.45% compared to the previous year[6] - Cash inflow from operating activities totaled CNY 668,592,792.21 in Q1 2022, up from CNY 375,570,523.20 in Q1 2021, indicating strong operational performance[43] - Net cash outflow from operating activities was CNY -91,760,183.04 in Q1 2022, a decline from a net inflow of CNY 43,192,364.73 in Q1 2021[43] - The ending cash and cash equivalents balance for Q1 2022 was CNY 901,387,716.98, down from CNY 1,420,337,872.19 at the beginning of the period[45] - The company reported a significant increase in cash received from sales, totaling CNY 660,985,701.69 in Q1 2022, compared to CNY 373,873,212.63 in Q1 2021[43] - Total cash outflow for operating activities was CNY 760,352,975.25 in Q1 2022, compared to CNY 332,378,158.47 in Q1 2021, indicating increased operational costs[43] Research and Development - R&D investment totaled ¥61,193,756.50, marking a 162.67% increase from the previous year, accounting for 2.37% of operating revenue[9] - Research and development expenses for Q1 2022 were ¥61,193,756.50, significantly higher than ¥23,297,159.24 in Q1 2021, indicating an increase of 162.5%[38] - The company plans to continue investing in R&D to enhance product competitiveness and maintain market position[18] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥7,230,920,086.52, an increase of 4.01% from the end of the previous year[9] - Total assets have increased to approximately RMB 7.23 billion from RMB 6.95 billion year-over-year[31] - The company's total liabilities decreased from ¥4,024,766,925.68 to ¥3,961,060,954.27, a reduction of approximately 1.6%[34] - The total equity attributable to shareholders increased from ¥2,927,419,190.01 to ¥3,269,859,132.25, marking a growth of 11.7%[34] - Accounts receivable increased to approximately RMB 1.33 billion, up from RMB 964.67 million in the previous year[28] - Inventory as of March 31, 2022, is approximately RMB 1.77 billion, compared to RMB 1.52 billion at the end of 2021, indicating growth in stock levels[28] - The company reported an increase in accounts payable to approximately RMB 1.08 billion, up from RMB 1.28 billion[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 8,440[20] - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 125,380,000 shares, accounting for 28.31% of the total shares[20] Market and Growth Strategy - The significant increase in revenue was driven by the growing demand in the new energy vehicle battery market and rising raw material prices, with high-nickel NCM material sales reaching ¥728 million, up 271% year-on-year[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41] - The company has not disclosed any new product developments or market expansion strategies in the current report[30]

Financial Performance - The company plans to distribute a cash dividend of 2.5 CNY per 10 shares, totaling approximately 110.73 million CNY, which represents 26.84% of the net profit attributable to shareholders for 2021, amounting to 412.58 million CNY[7]. - The company has not achieved profitability since its listing, indicating ongoing challenges in reaching a positive net income[5]. - Guizhou Zhenhua E-chem Inc. reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year 2021, representing a growth of 25% year-over-year[20]. - The company achieved operating revenue of CNY 551,490.04 million in 2021, a year-on-year increase of 432.07%[30]. - Net profit attributable to shareholders reached CNY 41,257.92 million, marking a turnaround from a loss in the previous year[30]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 15%[158]. - The company reported a total of 14,500,956 million in user data, indicating a stable user base[150]. - The performance summary highlighted a growth of 3,284 million in net profit, reflecting a positive trend in financial health[150]. Operational Efficiency - The company aims to improve operational efficiency by 15% through the implementation of advanced manufacturing technologies[20]. - The company has reported a net profit margin of 12% for the fiscal year 2021, reflecting improved cost management and operational efficiencies[20]. - Operating costs rose to CNY 4,710.24 million, reflecting a 382.75% increase, but the growth rate was lower than that of revenue due to improved production efficiency[101]. - The company aims to reduce operational costs by 5% through improved supply chain management[155]. Research and Development - The company is investing heavily in R&D, with an allocation of 200 million CNY for the development of new materials and technologies in the upcoming year[20]. - Research and development expenses accounted for 2.71% of operating revenue, a decrease of 3.56 percentage points from the previous year[30]. - The company achieved a significant increase in R&D investment, totaling approximately ¥149.44 million, representing a year-on-year growth of 130.04%[71]. - The company is focusing on new product and technology research, aiming to enhance competitive advantage[150]. - The R&D department has reported a 15% increase in efficiency due to the adoption of new technologies[158]. Market Expansion - Future outlook indicates a projected revenue growth of 30% for the next fiscal year, driven by new product launches and market expansion strategies[20]. - Guizhou Zhenhua E-chem Inc. plans to enter new markets, targeting Southeast Asia and Europe, aiming for a market share increase of 10% in these regions[20]. - Market expansion strategies are being implemented to capture new customer segments and increase market share[150]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[158]. Risk Management - The company has outlined potential risks in its operations, which are detailed in the management discussion and analysis section of the report[5]. - The company faces risks related to technological updates and iterations, which could impact its market competitiveness and profitability if it fails to keep pace with industry advancements[87]. - The company’s main raw materials account for over 80% of its main business costs, and fluctuations in raw material prices could adversely affect its production and profitability[89]. - The company faces risks related to high accounts receivable and inventory levels, which could impact profitability if not managed effectively[93]. Corporate Governance - The company has a cash dividend policy that ensures at least 20% of profit distribution is in cash, with a proposed cash dividend of 2.5 CNY per 10 shares, totaling approximately 110.73 million CNY for 2021[187]. - The company has established performance evaluation standards and incentive mechanisms for directors, supervisors, and senior management, ensuring transparency and compliance with relevant laws and regulations[140]. - The company has maintained a stable shareholding structure among its directors and senior management, with no changes in shareholdings reported during the period[147]. - The company has established specialized committees including the audit committee, nomination committee, remuneration and assessment committee, and strategic committee[173]. Environmental Sustainability - The company adheres to a sustainable development philosophy, integrating low-carbon and energy-saving practices into its operations[193]. - The company has established an environmental management system based on ISO 14001:2015 standards to enhance environmental performance[200]. - The company purchased 22 million kilowatt-hours of hydropower in 2021, achieving a clean energy consumption ratio of 77.5%[196]. - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 20% by 2025[158].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,459,797,972.72, representing a year-on-year increase of 402.35%[7] - The net profit attributable to shareholders for the same period was ¥109,466,788.41, reflecting a significant increase of 511.62% compared to the previous year[7] - The basic earnings per share for Q3 2021 was ¥0.2966, an increase of 450.28% year-on-year[11] - The net profit attributable to shareholders for the reporting period is 511.62 million RMB, showing a significant turnaround from a net loss of 132 million RMB in the same period last year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters of 2021 is 254 million RMB, compared to a loss of 159 million RMB in the same period of 2020[18] - The basic earnings per share for the first three quarters of 2021 is 0.7562 RMB, a recovery from a loss of 0.3985 RMB per share in the same period last year[18] - The total operating revenue for the first three quarters of 2021 reached ¥3,543,449,581.03, a significant increase from ¥684,073,774.41 in the same period of 2020, representing a growth of approximately 418%[36] - The net profit for the first three quarters of 2021 was ¥260,527,706.73, a turnaround from a net loss of ¥132,392,349.01 in the same period of 2020[36] - The total comprehensive income attributable to the parent company was 260,527,706.73 RMB, a significant turnaround from -132,392,349.01 RMB in the same period last year[40] Research and Development - Research and development expenses totaled ¥30,112,919.81, accounting for 2.06% of operating revenue, which is an increase of 3.44 percentage points compared to the previous year[11] - Research and development expenses totaled 68.43 million RMB for the first three quarters of 2021, reflecting the company's commitment to enhancing product competitiveness through innovation[18] - Research and development expenses for the first three quarters of 2021 were ¥74,260,810.65, an increase from ¥44,089,551.96 in 2020, showing a growth of about 68%[36] Assets and Equity - Total assets at the end of Q3 2021 amounted to ¥6,051,548,100.23, marking a 42.19% increase from the end of the previous year[11] - The equity attributable to shareholders increased to ¥2,775,358,443.79, a substantial rise of 116.89% year-on-year[11] - The total assets at the end of the reporting period amount to 4.219 billion RMB, primarily due to funds raised from the initial public offering[18] - The equity attributable to shareholders at the end of the reporting period is 1.1689 billion RMB, indicating a solid financial position[18] - The company's total assets as of the end of the reporting period amounted to ¥6,051,548,100.23, up from ¥4,256,057,147.23 a year earlier, reflecting a growth of approximately 42%[33] - The company's equity attributable to shareholders increased to ¥2,775,358,443.79 from ¥1,279,612,865.92, representing a growth of about 117%[33] Cash Flow - The company reported a net cash flow from operating activities of -¥140,550,105.48 for the year-to-date period[11] - The net cash flow from operating activities for the first three quarters of 2021 is -141 million RMB, an improvement from -426 million RMB in the same period of 2020, driven by increased sales and improved working capital[18] - The company reported a net cash flow from operating activities of -140,550,105.48 RMB for the first three quarters of 2021, an improvement from -425,850,690.97 RMB in the same period of 2020[41] - The company incurred total cash outflows from operating activities amounting to 1,452,187,084.55 RMB, compared to 901,875,504.79 RMB in the previous year[42] - The net cash flow from investing activities was -133,601,165.61 RMB, a slight improvement from -147,645,310.53 RMB in the same period last year[43] - Cash inflows from financing activities totaled 2,143,905,184.21 RMB, compared to 1,300,050,224.95 RMB in the previous year[43] - The company reported a net cash flow from financing activities of 1,550,387,488.28 RMB, a significant increase from 444,250,044.66 RMB year-over-year[43] - The ending balance of cash and cash equivalents was 1,345,249,861.99 RMB, compared to 30,830,195.01 RMB at the end of the same period last year[43] Sales and Market Demand - The sales revenue from high-nickel NCM ternary materials in Q3 2021 was ¥6.10 billion, with a quarter-on-quarter growth of 30%[16] - The average selling price of major products increased due to rising raw material costs, contributing to the overall revenue growth[16] - The company attributed the significant revenue growth to increased demand in the downstream electric vehicle battery market and a recovery from the impact of COVID-19 on previous year’s orders[16] - The increase in sales scale and product structure adjustment, particularly in high-nickel NCM ternary materials, contributed to the profitability turnaround[18] Shareholder Information - The company has a total of 23,253 common shareholders, with the largest shareholder holding 28.31% of the shares[22]