编号：2019-002 1 证券代码：000672 证券简称：上峰水泥 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|----------------------------|---------------------------------------------------------------------------------------------------------| | | | 特定对象调研 □分析师会议 | | 投资者关系活 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | 动类别 | □现场参观 | | | | □ 其他 | | | | | 华泰证券：鲍荣富、陈亚龙、方晏荷、邱营、胡建、朱洵、 | | 参与单位名称 | | 曹麟蔚、何刘邦、李振兴、张祥、张雪蓉；华泰保险：张 雪；国泰君安：朱晨曦；荷宝投资：唐琳；碧云资本：杜延 | | 及人员姓名 | | | | | 羽；兴业基金：陈楷月 | 奕；中国平安：张琎；华夏基金：孟清扬；中财招商：吴 | | 时间 | 2019 年 2 ...

编号：2019-001 证券代码：000672 证券简称：上峰水泥 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|-----------------------------|-------------------------------------------| | | | | | | 特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | 动类别 | □现场参观 | | | | □ 其他 | | | 参与单位名称 | | | | 及人员姓名 | 中信证券：陈中亮 | | | 时间 | 2019 年 1 月 9 日 | | | | 杭州市西湖区文二西路 | 738 号西溪乐谷创意产业园 1 号楼 E | | 地点 | 单元 | | | 上市公司接待 | 副总经理兼董事会秘书：瞿辉 | | 1 | --- | --- | |--------------|---------------------------------------------------- ...

证券代码：000672 证券简称：上峰水泥 编号：2021-001 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|------------------------------|------------------------------------------------------------| | | | 特定对象调研 □分析师会议 | | 投资者关系活 | 媒体采访 | □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他 | | | 参与单位名称 | | 参会机构名称：中国水泥网、财联社、宽合投资、中国银河证 | | 及人员姓名 | | 券、中银国际证券、国信证券、浙江国恬资产管理有限公司。 | | 时间 | 2021 年 3 月 23 日 | | | 地点 | 杭州市文二西路 738 | 号西溪乐谷创意产业园 | | 上市公司参会 | | | | 接待人员姓名 | 公司副总经理兼董事会秘书 | 瞿辉、公司投资副总监 杨旭 | | | | 一、请简单介绍公司近期生产和经营 ...

证券代码：000672 证券简称：上峰水泥 编号：2021-003 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|---------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

证券代码：000672 证券简称：上峰水泥 编号：2022-001 1 甘肃上峰水泥股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------|------------------------------|---------------------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 | □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他（电话会议） | | | | | 参会投资者名称（排名不分先后）：国海证券：盛昌盛、彭棋、 | | | | 孙伯文；湘财：徐若旭；光大证券：宋金苗；云门投资：俞忠 | | | | 华；泰康资产：侯星辰；光大证券研究所：冯孟乾、孙伟风； | | | | 红土创新：杨一；开思基金：董源；信达澳银：郭敏；民生加 银：刘旭明；招商基金：何文韬；盈峰资本：张庭 ...

证券代码：000672 证券简称：上峰水泥 1 甘肃上峰水泥股份有限公司 投资者关系活动记录表 编号：2022-004 | --- | --- | --- | |--------------|---------------------------|------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活 | □媒体采访 | □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他（电话会议） | | | | 个人投资者： | | | | | 机构投资者：国泰君安：黄涛；国海证券：景丹阳；中金公司： | | | | 龚晴、姚旭东；泰康资产管理有限责任公司：高洁；太平洋保 | | | | 险：魏巍；世诚投资：邹文俊；深圳前海行健资本管理有限公 | | | 资基金： Zhiwei Mao | 司：赵佳雍；上海利檀投资管理有限公司 - 利檀绝智私募证券投 ；博时基金管 ...

Financial Performance - The company's revenue for Q3 2022 was CNY 1,618,501,264.43, a decrease of 22.82% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was CNY 139,058,706.25, down 76.00% year-on-year[4] - The total sales volume for the first nine months was 14.16 million tons, a decline of 9.64% compared to the previous year[11] - The company reported a net profit of CNY 874 million for the first three quarters, a decrease of 46.48% year-on-year[12] - Operating revenue for the period was 5.163 billion, a decrease of 9.27% year-on-year, primarily due to lower sales volume and prices of cement products[35] - Net profit for the period was ¥874,334,230.25, down 46.6% from ¥1,633,539,978.93 in the previous period[69] - Earnings per share (EPS) for the period was ¥0.87, compared to ¥1.98 in the previous period[70] - The total comprehensive income for the period was ¥867,422,211.77, down from ¥1,634,023,079.06 in the previous period[70] Production and Sales - The company produced 1,081 million tons of cement in the first nine months, a decrease of 53,000 tons year-on-year[11] - The total operating costs increased to ¥3,889,835,084.06, up 5.13% from ¥3,699,708,569.44 in the previous period[65] Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,953,657,948.19, an increase of 5.48% from the end of the previous year[4] - The total assets amounted to ¥15,953,657,948.19, an increase from ¥15,125,420,566.46 in the previous period[64] - The company's total liabilities reached CNY 6,841,474,110.10, up from CNY 6,093,378,010.59, marking an increase of about 12.2%[60] - The company's equity attributable to shareholders was CNY 975,185,779.00, an increase from CNY 813,619,871.00, reflecting a growth of approximately 20%[60] Cash Flow - The company’s cash flow from operating activities for the first nine months was CNY 1,037,602,277.34, down 32.30% year-on-year[4] - The net cash flow from operating activities decreased by 32.30% to 1.037 billion, mainly due to a decline in operating profit[45] - Total cash inflow from investment activities was $791,417,118.20, down 44.4% from $1,424,124,356.33 in the prior period[75] - Cash outflow from investment activities totaled $1,939,586,855.84, a decrease of 39.3% compared to $3,200,448,826.71 last period[75] - Net cash flow from financing activities was -$69,419,184.03, contrasting with a positive cash flow of $9,638,225.35 in the previous period[77] Investments and R&D - Research and development expenses surged by 1031.88% to 135.71 million, reflecting increased investment in low-emission and new material technologies[39] - The company reported a significant increase in long-term equity investments by 35.75% to 1.030 billion, reflecting ongoing investments in new economic sectors[24] - Long-term equity investments increased to CNY 1,029,898,636.42 from CNY 758,690,209.45, reflecting a growth of approximately 35.6%[58] Inventory and Receivables - Inventory increased by 32.13% to 1.347 billion, driven by higher cement and coal stock levels[22] - The accounts receivable decreased by 23.10% to 414.11 million, while the prepayments increased significantly by 166.07% to 305.99 million[16] - The inventory value as of September 30, 2022, was CNY 1,347,966,043.75, up from CNY 1,020,159,174.67, indicating an increase of about 32.1%[55] - The company reported a decrease in accounts receivable to CNY 305,144,662.09 from CNY 300,508,237.76, a slight increase of about 1.3%[55] Strategic Initiatives - The company is advancing its "one main and two wings" development strategy, focusing on cement and building materials, while also expanding into new economic sectors[13] - The company has initiated construction on its first solar energy storage project, expected to be operational by the end of the year[13]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[31]. - The net profit attributable to shareholders reached RMB 300 million, up 20% compared to the same period last year[31]. - The company's operating revenue for the reporting period was ¥3,545,099,962.46, a decrease of 1.37% compared to the same period last year[38]. - The net profit attributable to shareholders was ¥707,123,610.60, reflecting a decline of 29.97% year-over-year[38]. - The net profit after deducting non-recurring gains and losses was ¥775,104,340.33, down 24.50% from the previous year[38]. - The net cash flow from operating activities was ¥655,335,281.90, a decrease of 29.19% compared to the same period last year[38]. - The basic earnings per share were ¥0.73, representing a decline of 42.06% year-over-year[38]. - The company's revenue for the reporting period was 3.545 billion yuan, a decrease of 1.37% year-on-year, with a net profit of 707 million yuan, down 29.97%[66]. - The revenue from aggregate products increased by 27.42% year-on-year, while the revenue from environmental disposal services surged by 121.77%[78]. Production and Capacity - The company's cement production volume increased by 10% to 2.5 million tons in the first half of 2022[31]. - The company's cement production volume was 6.27 million tons, a year-on-year decrease of 47%, while the total sales volume was 8.4 million tons, down 13.93% compared to the previous year[65]. - The company plans to expand its market presence by increasing production capacity by 15% in the next fiscal year[31]. - The company has a cement grinding capacity of 6 million tons per year and an aggregate production capacity of 1 million tons per year, supported by high-quality limestone mines and convenient transportation conditions along the Yangtze River[118]. Environmental Initiatives - The company aims to enhance its environmental sustainability initiatives, targeting a 25% reduction in carbon emissions by 2025[31]. - The company is focusing on environmental services through its cement kiln collaborative disposal of hazardous waste, which is becoming a significant new business[48]. - The company is committed to reducing production loads for lines involved in the disposal of urban solid waste and hazardous waste during peak-shifting periods[147]. - The company has established a regulatory framework for the co-disposal of solid waste in cement kilns, promoting sustainable waste management practices[148]. - The company is actively participating in the national initiative for green and low-carbon development in the cement industry, aligning with government policies[146]. - The company invested CNY 49.35 million in environmental governance and protection from January to June 2022, and paid CNY 2.42 million in environmental protection tax[169]. Strategic Investments and Expansion - The company has invested RMB 50 million in new technology development for more efficient cement production processes[31]. - The company is expanding into the "photovoltaic + energy storage" and smart logistics sectors, leveraging existing resources[48]. - The company is collaborating with leading technology firms in the new energy sector to develop integrated "photovoltaic and energy storage" projects[50]. - The company has made new investments in photovoltaic new energy and port transportation subsidiaries, increasing long-term equity investments to ¥813,129,866.97[84]. - The company has invested in the first project of its new economic equity investment in Hefei Jinghe Integrated Circuit Co., which successfully passed the IPO review[67]. Market Position and Recognition - The company is recognized as one of the top 100 global listed companies in the building materials sector, ranking 9th in comprehensive strength in 2022[56]. - The company is classified as a key pollutant discharge unit and must comply with various environmental protection policies and standards[140]. - The company has a stable major shareholder structure and has maintained operational efficiency indicators among the top in the industry since its restructuring in 2013[71]. Risks and Challenges - The company is facing risks related to the political and legal environment in Kyrgyzstan, which may affect the progress of its projects[88]. - The company faces risks from industry overcapacity, which could negatively impact performance if regulatory policies are not effectively implemented[119]. - The average cost of coal and electricity accounts for over 50% of the total production cost, making the company vulnerable to fluctuations in energy prices[125]. Corporate Governance and Management - The company held four temporary shareholder meetings and one annual shareholder meeting in 2022, with investor participation rates ranging from 58.90% to 59.66%[129]. - The company experienced changes in its board and management, with several resignations and elections occurring in May and June 2022[132][131]. - The company’s chairman and president increased his shareholding from 24,000 to 384,000 shares during the reporting period, representing 0.04% of the total equity[137]. Safety and Compliance - Significant investments were made in safety production and risk management, including enhanced safety education and training for employees[194]. - The company has established online monitoring facilities for pollutant emissions and conducts regular self-monitoring and third-party testing[167]. - The company initiated an emergency response plan following a safety incident, conducting comprehensive safety inspections across all production bases and subsidiaries[194].

Financial Performance - The company reported a total revenue of 807,829,542 RMB for the year 2021, with a cash dividend of 8.00 RMB per 10 shares distributed to shareholders[7]. - The company's operating revenue for 2021 was CNY 8,314,529,247.34, representing a 29.26% increase from CNY 6,432,292,239.10 in 2020[33]. - The net profit attributable to shareholders for 2021 was CNY 2,176,221,452.49, a 7.42% increase compared to CNY 2,025,845,134.58 in 2020[33]. - The net cash flow from operating activities reached CNY 2,840,039,076.87, marking a 41.00% increase from CNY 2,014,156,628.37 in 2020[33]. - The total assets at the end of 2021 amounted to CNY 15,125,420,566.46, a 33.81% increase from CNY 11,303,732,426.10 at the end of 2020[33]. - The net assets attributable to shareholders increased by 22.34% to CNY 8,289,700,699.34 from CNY 6,775,844,428.67 in 2020[33]. - The company reported a basic earnings per share of CNY 2.72 for 2021, up 7.09% from CNY 2.54 in 2020[33]. - The weighted average return on equity for 2021 was 29.11%, down from 33.55% in 2020[33]. - The company’s gross profit margin was 43.58%, which decreased compared to the previous year due to rising costs[44]. - The company’s debt-to-asset ratio stood at 40.29%, indicating a stable financial structure[48]. Market Expansion and Strategy - The company plans to expand its market presence and enhance production capacity through strategic investments in new technologies and facilities[9]. - Future guidance indicates a projected revenue growth of 10% for the upcoming fiscal year, driven by increased sales and market expansion efforts[9]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and diversify its product offerings[9]. - The company is exploring international markets, particularly in Central Asia, to leverage growth opportunities[9]. - The company has established partnerships with key stakeholders to support its growth strategy and innovation efforts[9]. - The company plans to continue expanding its market presence and invest in new technologies to enhance production efficiency[32]. - The company expanded its market presence from the East China base to three major regions: East China, Northwest, and Southwest[53]. - The company has established a strong market presence in regions such as Xinjiang, Ningxia, Inner Mongolia, and Kyrgyzstan, enhancing resource accumulation[82]. Production and Operations - Cement clinker production reached 16.18 million tons, a year-on-year increase of 21.6%, while total cement production was 15.56 million tons, up 33.9%[44]. - The average selling price of cement clinker increased by 31.01 yuan/ton, and the average selling price of cement rose by 24.37 yuan/ton due to rising coal prices[44]. - The company produced 1,556,000 tons of cement in 2021, a year-on-year increase of 33.91%, with a sales volume of 1,533,000 tons, up 32.58% year-on-year, and a cement sales gross margin of 40.59%, down 5.81 percentage points[66]. - The company’s cement production capacity is primarily distributed across East China, Northwest, and Southwest regions, with significant market presence in the Yangtze River Delta and Xinjiang[145]. - The company has five clinker production lines with an annual capacity of 6 million tons of cement grinding and 1 million tons of aggregate production[145]. Research and Development - Research and development expenses surged by 150.73% to ¥180.66 million in 2021, focusing on energy-saving and environmentally friendly technologies[103]. - The number of R&D personnel rose by 55.56% to 42 in 2021, increasing the proportion of R&D staff to 1.50% of total employees[110]. - The company obtained several patents for new technologies, including a pre-treatment method for flammable materials and a waste transfer device, aimed at improving efficiency and safety[110]. - The company aims to reduce raw material costs and improve cement performance through ongoing R&D projects, including the use of low-grade sulfur slag[109]. Environmental and Sustainability Initiatives - The company is committed to enhancing its corporate governance and sustainability practices in line with industry standards[9]. - The company has implemented various environmental policies and upgraded production processes to align with national carbon neutrality goals[59]. - The company is developing technologies for the co-disposal of contaminated soil in cement kilns, aiming for a waste incineration rate of ≥99.99%[104]. - The company plans to enhance resource recycling capabilities and promote sustainable development through its key initiatives[104]. Corporate Governance - The company has established an incentive mechanism linking employee income to performance, promoting sustainable development[190]. - The company maintains independent operations from its controlling shareholder, ensuring no interference in decision-making[189]. - The company has a clear information disclosure policy, ensuring timely and accurate communication with investors[191]. - The company’s governance structure is designed to be effective, with clear responsibilities and checks in place[183]. - The company actively engages with investors through various channels, ensuring their rights to information[191]. Financial Management and Investment - The financial management strategy includes enhancing budget management and risk control to ensure healthy operations under strategic planning, while maintaining cash flow safety[168]. - The company made significant equity investments totaling ¥412 million in various projects, including a 100% stake in Douan Shafeng Jiexia Environmental Technology Co., Ltd. for ¥50 million[133]. - The total investment amount for the reporting period was ¥1,113,500,856.41, a decrease of 15.01% compared to ¥1,310,187,983.78 in the same period last year[131]. - The company has ongoing projects with potential risks including market competition and achieving economic benefits[131]. Community Engagement and Social Responsibility - The company is actively engaging in community development and social responsibility initiatives, aligning with ESG goals and promoting local economic growth[169].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,491,221,619.94, representing a year-on-year increase of 21.78% compared to CNY 1,224,566,653.28 in the same period last year[7]. - The net profit attributable to shareholders decreased by 3.79% to CNY 341,074,021.81 from CNY 354,519,479.50 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 314,958,867.29, down 9.31% from CNY 347,306,448.45 in the previous year[7]. - The company's gross profit margin decreased to 41.14%, down 9.07 percentage points year-on-year due to rising coal prices impacting manufacturing costs[12]. - Total operating revenue for the current period reached ¥1,491,221,619.94, an increase of 21.8% compared to ¥1,224,566,653.28 in the previous period[49]. - Net profit for the current period was ¥335,738,552.23, a decrease of 4.9% from ¥353,095,892.29 in the previous period[49]. - Basic earnings per share for the current period were ¥0.43, down from ¥0.44 in the previous period[51]. Cash Flow and Investments - The company's cash flow from operating activities was CNY 396,325,655.75, a decrease of 5.81% compared to CNY 420,788,299.26 in the same period last year[7]. - The net cash flow from operating activities decreased by 5.81% to ¥396.33 million compared to ¥420.79 million in the same period last year[31]. - The net cash flow from investing activities improved by 49.28%, from -¥1,033.32 million to -¥524.12 million, mainly due to reduced new economic investment expenditures[31][32]. - The net cash flow from financing activities increased by 20.54%, from -¥133.71 million to -¥161.18 million, reflecting new long-term financing and repayment of some short-term loans[31][33]. - Total cash inflow from operating activities is ¥1,820,734,746.65, up from ¥1,305,949,757.30, representing an increase of 39.4%[53]. - Cash outflow from operating activities totaled ¥1,424,409,090.90, compared to ¥885,161,458.04 in the previous period, indicating a rise of 60.8%[53]. - The net cash flow from investing activities is -¥524,121,746.42, an improvement from -¥1,033,315,031.60 in the previous period[53]. - The net cash flow from financing activities is -¥161,175,612.28, worsening from -¥133,709,416.57 in the previous period[56]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,281,661,343.51, an increase of 1.03% from CNY 15,125,420,566.46 at the end of the previous year[7]. - Total liabilities decreased to ¥5,920,360,254.50 from ¥6,093,378,010.59, a reduction of 2.84%[49]. - The company's equity attributable to shareholders increased to ¥8,632,563,712.09 from ¥8,289,700,699.34, representing a growth of 4.14%[49]. - The company's cash and cash equivalents decreased by 9.12% to CNY 315,063.23 million, primarily due to investments in financial products[15]. - The company's cash and cash equivalents decreased from ¥3,466.94 million at the beginning of the year to ¥3,150.63 million at the end of the period[43]. - The total current assets increased slightly from ¥7,145.07 million to ¥7,189.33 million, driven by changes in various asset categories[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,309, with the largest shareholder, Zhejiang Shangfeng Holding Group Co., Ltd., holding 32.36% of shares[34]. - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Southern Cement Co., Ltd., owning 14.40%[34]. Research and Development - Research and development expenses for the current period were ¥4,268,356.12, significantly higher than ¥1,335,264.32 in the previous period, indicating a focus on innovation[49]. Inventory and Other Assets - The company reported a slight increase in inventory from ¥1,020.16 million to ¥1,063.83 million, reflecting ongoing operational activities[43]. - Long-term equity investments rose from ¥758.69 million to ¥789.67 million, indicating growth in investment activities[43]. Strategic Outlook - The company plans to continue its development strategy focusing on "stability and progress" to mitigate market impacts and enhance operational efficiency[12]. - The company has not disclosed any significant new strategies or product developments during this reporting period[43].