Market Recovery and Industry Overview - The gypsum board industry in China saw a recovery in the first half of 2022, but the second half was affected by high temperatures and demand issues, leading to underperformance [2] - As of 2023, the real estate sector is gradually recovering, although the foundation for this recovery remains unstable [2] - The gypsum board market's recovery varies by region, but overall, the industry's development aligns with company expectations [2] Pricing and Sales Strategy - The pricing adjustment policies for gypsum boards are generally executed as planned, with the company aiming to lead the industry towards a healthier ecosystem [3] - The company has not yet detailed the percentage of sales from renovation companies, as sales are primarily conducted through channels [3] Product Development and Market Expansion - The company is focusing on thickening gypsum boards to enhance fire resistance and sound insulation properties [4] - New product development is underway, including GFP gypsum-based fire-resistant boards and quick-install boards for hospital applications [4] - The company is strengthening collaboration with design institutes to explore niche markets, although market cultivation will take time [4] Production Capacity and Internationalization - The company plans to unify the production capacity layout for its gypsum board brands, with ongoing construction of production lines in Inner Mongolia and Guangxi [4] - Internationalization is a strategic direction, with the company leveraging resources from sister companies to expand globally [5]

Financial Performance - The company's operating revenue for Q1 2023 was ¥4,724,321,769.59, representing a 2.48% increase compared to ¥4,609,853,698.97 in the same period last year[5]. - Net profit attributable to shareholders for Q1 2023 was ¥591,176,732.24, reflecting a 5.58% increase from ¥559,949,115.63 in Q1 2022[5]. - Operating profit for Q1 2023 was ¥633,360,433.83, compared to ¥583,397,228.03 in Q1 2022, indicating a growth of 8.57%[42]. - The total comprehensive income for the first quarter of 2023 was approximately ¥584.09 million, an increase from ¥550.54 million in the previous year[43]. - The basic and diluted earnings per share for the first quarter of 2023 were both ¥0.350, up from ¥0.331 in the same period last year[43]. - The company reported a net profit margin improvement, with operating profit margin increasing to approximately 13.41% from 12.65% year-over-year[42]. Cash Flow and Liquidity - The net cash flow from operating activities improved by 23.11%, reaching -¥316,567,846.29 compared to -¥411,730,822.29 in the previous year[5]. - The net cash flow from investing activities increased by ¥204,022,968.19, a growth of 31.96% compared to the same period last year[18]. - The net cash flow from financing activities decreased by ¥308,782,720.46, a decline of 2407.58% year-over-year, mainly due to a reduction in net borrowings compared to the previous year[18]. - Cash and cash equivalents increased to ¥788,132,882.29 from ¥555,669,732.67, marking a significant rise of 41.78%[40]. - The company reported cash inflows from investment activities of approximately ¥5.10 billion, significantly higher than ¥3.94 billion in the previous year[46]. - The company received approximately ¥71.84 million in tax refunds during the first quarter, compared to ¥25.86 million in the previous year[46]. Assets and Liabilities - Total assets at the end of Q1 2023 amounted to ¥29,138,840,682.64, a 1.76% increase from ¥28,604,536,225.61 at the end of the previous year[5]. - Current assets totaled ¥11,499,408,907.03, up from ¥10,973,363,239.23, representing a growth of 4.78%[40]. - The company's total liabilities decreased to ¥7,121,443,867.19 from ¥7,189,686,971.18, a reduction of 0.95%[40]. - Long-term borrowings increased to ¥990,000,000.00 from ¥490,000,000.00, indicating a significant rise of 102.04%[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,060, with no preferred shareholders having restored voting rights[19]. - The largest shareholder, China National Building Material Group Corporation, holds 37.83% of the shares, totaling 639,065,870 shares, which are pledged[20]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 11.56% of the shares, totaling 195,306,296 shares, which are also pledged[20]. - The third-largest shareholder, Tai'an Guotai Min'an Investment Group Co., Ltd., holds 6.68% of the shares, totaling 112,872,368 shares, which are pledged[20]. Legal Matters - The company has no significant litigation matters to report during this period[21]. - The company has been involved in multiple lawsuits related to gypsum board quality issues since 2009, leading to significant legal expenses and settlements[22]. - The financial impact of these settlements has been accounted for in the company's financial reports, affecting its overall liability and cash flow[27]. - Taishan agreed to a comprehensive settlement in the multi-district litigation case, paying a total of $248 million, which includes attorney fees, to resolve all claims from collective members[29]. - As of March 31, 2023, Taishan has incurred a total of approximately ¥2.5 billion ($385 million) in legal fees and settlement costs related to the litigation[30]. Investment and Projects - The company has utilized ¥203,780 million ($31 million) of the raised funds for investment projects, with ¥639.14 million ($97,000) remaining in the dedicated fund account[32]. - The construction project for the building materials base has a total committed investment of ¥49,912.19 million ($7.6 million), with 98.19% of the investment completed by the end of the reporting period[33]. - The company aims to strengthen its core gypsum board business, enhancing market competitiveness and expanding production capacity and market share[34]. - The gypsum board production lines in Shaanxi and Jinggangshan are projected to have an annual capacity of 30 million square meters each, with investments of CNY 10,177 million and CNY 10,232 million respectively[34]. - The company has decided to shift focus from seven structural steel projects to two new material bases in Ji'an and Fuping, reallocating remaining funds to enhance liquidity[34].

Group 1: Rural Revitalization Initiatives - The company actively participates in the "Green Building Materials Going to the Countryside" initiative, becoming one of the first enterprises to join the 2022 program [2] - As of 2022, the company has established over 4,000 county and township channels to deliver green products to local communities [2] - The company has formed a dedicated team to promote green building materials in rural areas, enhancing its service and product offerings [2] Group 2: Market Position and Growth Strategies - The company aims to transition from industrial products to consumer goods, focusing on collaboration, digitalization, and high-end development [3] - The company plans to expand its product categories and develop customized and prefabricated products, enhancing its "Gypsum Board+" business [3] - The company is committed to international expansion while deepening its domestic market presence [3] Group 3: Financial Performance and Inventory Management - Despite a rise in inventory levels, the company has maintained a balanced overall sales volume, outperforming market trends [4] - The increase in inventory is attributed to rising raw material costs and the addition of new subsidiaries [5] - The company is focused on reducing inventory through improved management and digitalization efforts [5] Group 4: Industry Challenges and Responses - The waterproof materials industry faces declining profit margins due to high costs, insufficient demand, and intense competition [4] - The introduction of stringent regulations is expected to enhance product durability and drive innovation within the industry [4] - The company is focused on improving its supply chain management to reduce costs and enhance product quality [4]

一、业绩说明会相关安排 1.时间：2023 年 4 月 4 日（星期二）15:00 至 17:00。 2.召开方式：网络远程文字交流。 3.参与方式：投资者可以登录全景网"投资者关系互动平台" （http://ir.p5w.net）网络远程参与。 证券代码：000786 证券简称：北新建材 公告编号：2023-016 北新集团建材股份有限公司 关于举行 2022 年度业绩说明会并征集问题的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 北新集团建材股份有限公司（以下简称公司）已于 2023 年 3 月 22 日在深圳证券交易所网站（网址：http://www.szse.cn）及巨潮 资讯网站（网址：http://www.cninfo.com.cn）披露了《2022 年年 度报告》和《2022 年年度报告摘要》。为便于广大投资者进一步了 解公司 2022 年年度经营情况，公司将举行 2022 年度业绩说明会，现 将有关事项公告如下： 欢迎广大投资者积极参与。 特此公告。 北新集团建材股份有限公司 董事会 2023 年 3 月 30 日 4.公司出席人员：公司 ...

Financial Performance - The company's operating revenue for 2022 was ¥19,934,313,133.14, a decrease of 5.49% compared to ¥21,085,691,108.46 in 2021[12]. - The net profit attributable to shareholders for 2022 was ¥3,136,397,898.47, down 10.71% from ¥3,510,191,056.04 in 2021[12]. - The net profit after deducting non-recurring gains and losses was ¥2,615,349,627.84, a decline of 23.39% from ¥3,413,787,201.74 in 2021[12]. - The basic earnings per share for 2022 were ¥1.856, down 10.73% from ¥2.078 in 2021[12]. - The weighted average return on equity for 2022 was 15.88%, a decrease of 4.07% from 19.94% in 2021[12]. - The company's total revenue for 2022 was CNY 1,993,431.31 million, a decrease of 5.49% year-on-year[36]. - The net profit attributable to shareholders was CNY 313,639.79 million, down 10.71% compared to the previous year[36]. - The company's total revenue for 2022 was 76,076,276 million RMB, reflecting a significant increase compared to the previous year[94]. Dividend Distribution - The company plans to distribute a cash dividend of 6.55 CNY per 10 shares to all shareholders, based on a total of 1,689,507,842 shares[2]. - The total number of shares for the dividend distribution is 1,689,507,842 shares, with a net profit of 211,517,062.75 CNY for the year 2022[122]. - The company reported a distributable profit of 1,558,690,029.05 CNY at the end of 2022, after accounting for the previous year's cash dividends[122]. Assets and Liabilities - The company's total assets at the end of 2022 were ¥28,604,536,225.61, representing a 7.64% increase from ¥26,573,872,662.88 at the end of 2021[13]. - The net assets attributable to shareholders increased by 10.61% to ¥20,955,711,697.05 at the end of 2022, compared to ¥18,944,787,215.48 at the end of 2021[13]. - The company's fixed assets were valued at ¥12,458,666,429.14, accounting for 43.55% of total assets, a decrease of 1.01% from the previous period[59]. - The total amount of restricted assets at the end of the reporting period was ¥34,467,143.20, primarily due to bank acceptance deposits and guarantees[62]. Production and Capacity - The company's gypsum board production capacity is 3.358 billion square meters, maintaining its position as the largest gypsum board manufacturer globally[33]. - The capacity utilization rate for gypsum board production was 64.29% during the reporting period, with plans to continuously improve this rate in the future[27]. - The company's gypsum board gross margin was 34.95%, a decrease of 2.31% compared to the previous year[26]. - The company's gypsum board inventory increased by 12.01% to 242 million square meters, with a book value of inventory goods at 1.481 billion yuan, an increase of 0.11 billion yuan from the beginning of the period[26]. Research and Development - The company invested CNY 86,111.41 million in research and development, a decrease of 1.54% year-on-year[36]. - Research and development investment reached ¥861 million in 2022, accounting for 4.32% of operating revenue, an increase of 0.17% from the previous year[41]. - The company has applied for a total of 7,232 patents, with 5,501 granted, indicating a strong focus on innovation and intellectual property[41]. - The company is committed to technological innovation and the development of new products to meet diverse customer needs, leveraging its brand influence in the industry[25]. Market Position and Strategy - The company has a leading market position in the gypsum board industry, ranking first in market share, and successfully covers both high-end and mid-range product markets[25]. - The company is focused on expanding its marketing network across major cities and developed regions, enhancing collaboration with real estate developers and construction companies[26]. - The company aims to capture 50% of the global gypsum board market as part of its strategy to become a world-class industrial benchmark[85]. - The company is committed to accelerating its internationalization efforts and advancing its global layout strategy[86]. Environmental Management - The company is actively responding to national carbon reduction policies and has implemented various measures to enhance environmental management and pollution control[24]. - The company has committed to further improving its environmental management practices in line with national standards[133]. - The company has implemented advanced dust collection systems, achieving a particulate matter emission level of 0.34 mg/m³ at Tianjin Beixin Building Materials Co.[136]. - The company is focused on enhancing its emission control technologies to further reduce pollutants in the future[136]. Governance and Compliance - The company has maintained a governance structure that complies with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange, ensuring operational transparency and independent oversight[89]. - The company has established complete independence in operations, personnel, assets, institutions, and finances from its controlling shareholder, ensuring no overlap in business activities[90]. - The company has not reported any significant differences between its governance practices and the regulatory requirements[89]. - The company has a structured approach to remuneration that considers industry standards and historical compensation levels[105]. Legal Matters - The company has been involved in multiple lawsuits related to gypsum board quality issues, with claims totaling approximately $2,758,356.52 in damages plus interest since May 2010[156]. - The company reached a settlement with Lennar Homes, paying $500,000 to resolve claims, while its subsidiary paid $6 million[156]. - The company has engaged both domestic and international legal counsel to defend against ongoing litigation since 2010[156]. - The company has consistently disclosed updates on litigation progress in its periodic reports since 2010[156].

Group 1: Company Overview - The company is North New Building Materials Co., Ltd. (证券代码：000786, 证券简称：北新建材) [1] - The main product is gypsum board, which is used in both new house decoration and renovation of existing houses [1] Group 2: Market Impact - The slowdown in real estate investment growth is not expected to significantly impact the company's business [1] - The company's market share is continuously increasing, and the promotion of internal partition wall business in the housing market contributes to stability [1] Group 3: Financial Performance - The company's gross profit margin remained high in the first half of 2014 due to cost reduction, scale advantages, and efficiency improvements [1] - The current production capacity of light steel keel is nearly 100,000 tons [1]