股票代码：000877 股票简称：天山股份 新疆天山水泥股份有限公司投资者关系活动记录表 编号：2023-007 投资者关系活 □特定对象调研 □分析师会议 动类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 √其他（现场会议） 深交所投服部、易方达基金、申万宏源证券、中信建投证券、国泰君 参与单位名称 安证券、个人投资者 23 名 及人员姓名 时间 2023 年 5 月 26 日 地点 公司会议室（新疆） 李雪芹、叶虹 上市公司接待 人员姓名 一、活动情况介绍 本次投资者关系活动的主题为：深交所新疆资本市场服务周"踔 厉奋进新征程 投教服务再出发"。 来自申万宏源证券、中信建投证券、国泰君安证券的二十多名投 资者走进天山股份，与企业对话，直观感受上市公司的经营情况。公 司通过子公司宣传片和现场介绍的方式，与各位来宾进行座谈交流， 回答投资者关心的问题。 投资者关系 活动主要内 二、互动交流环节主要内容 容介绍 1、请介绍"空中走廊"的情况？ 答：公司持续打造绿色矿山、绿色工厂和智能工厂，拥有槐坎南方、 泰安中联、遵义赛德等一批世界领先的第二代新兴干法水泥标杆企业， 同时还建设运营了海盐、 ...

股票代码：000877 股票简称：天山股份 编号：2023-006 投资者关系 √特定对象调研 □分析师会议 活动类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 √其他（线上会议） 长江证券、中邮证券、民生证券、光大证券、安信证券、浦银安 参与单位名 盛基金、兆天投资、信达澳亚、中银基金、国泰基金、旌安投资、 称及人员姓 平安资产、工银瑞信基金、康曼德资本、太保资产、前海联合基 名 金、安信基金、中国华能、建信基金、富安达基金、东方资管、 摩根华鑫基金、大成基金、长城基金、诺德基金、慎知资产、前 海人寿、中欧基金、华富基金、招商信诺、银润资产、光大保德 信基金、上银基金、中银资管、中科沃土基金、暖逸新投资、中 金资管、博道基金、东财基金、韬慧投资 时间 2023 年 5 月 14 日—5 月 24 日 地点 公司会议室（新疆） 李雪芹、冶俭、杨东亮、叶虹、李福民 上市公司接 待人员姓名 1、目前新疆市场逐步进入旺季，从需求发货和价格端看，目前 是什么状态？ 答：今年一季度，自治区统计局根据地区生产总值统一核算，新 疆实现地区生产总值 4,149.52 亿元，同比增长 4.9%。从水泥销 ...

股票代码：000877 股票简称：天山股份 新疆天山水泥股份有限公司投资者关系活动记录表 编号：2023-005 投资者关系活动 √特定对象调研 □分析师会议 类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 天风证券、新华资产 参与单位名称及 人员姓名 时间 2023 年 5 月 16 日 地点 公司会议室 李雪芹、朱立胜、叶虹、李福民 上市公司接待人 员姓名 1、今年市场需求情况如何？ 答：今年市场在春节后恢复较早，4 月份，南方降雨影响施工进度， 销量略有波动，整体需求平稳。 2、下半年需求如何展望？ 答：我国政府坚持稳中求进，超前开展基础设施建设投资的政策正 投资者关系活动 在发力，地方政府专项债券加快发行节奏，"十四五"规划的重点 主要内容介绍 项目陆续启动，扩大有效投资方面有潜力、有空间；房地产预计已 基本触底。2023 年预计：需求总体持平、同比略有改善。 3、稳定水泥价格上，公司在供给侧有哪些举措？ 答：当前水泥行业产能过剩局面依然严峻，价格取决于供求关系， 需要行业多措并举实施供给侧结构性改革。长远发展的角度，需要 | --- | |- ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥22,379,456,077.40, a decrease of 20.83% compared to the same period last year[4] - The net profit attributable to shareholders was -¥1,231,161,519.53, representing a decline of 220.08% year-on-year[4] - The basic earnings per share decreased by 216.38% to -¥0.1421 compared to the same period last year[4] - In Q1 2023, the company reported a net profit loss of CNY 1,411,482,903.47, compared to a net profit of CNY 1,147,280,965.08 in Q1 2022, indicating a significant decline[20] - The total revenue from operating activities was CNY 20,137,004,988.76, down from CNY 27,558,033,495.04 in the same period last year, representing a decrease of approximately 27.1%[22] - The company's operating profit was CNY -1,463,637,795.63, contrasting with an operating profit of CNY 1,839,318,703.17 in Q1 2022[20] - The company’s total comprehensive income for Q1 2023 was CNY -1,351,312,760.28, compared to CNY 1,161,468,413.81 in Q1 2022[21] - Basic and diluted earnings per share were both CNY -0.1421, down from CNY 0.1221 in the same quarter last year[21] Cash Flow and Liquidity - The net cash flow from operating activities increased by 189.20% to ¥1,459,969,607.30 compared to the previous year[4] - The cash and cash equivalents at the end of Q1 2023 amounted to RMB 17,121,936,049.43, an increase of 59.8% from RMB 10,745,267,773.65 at the beginning of the year[15] - Cash and cash equivalents at the end of the period totaled CNY 14,877,764,025.88, compared to CNY 18,426,122,321.71 at the end of Q1 2022[23] - The company incurred financial expenses of CNY 1,016,838,238.26, a decrease from CNY 1,086,042,473.85 in the previous year[20] - The company’s investment activities resulted in a net cash outflow of CNY -3,822,633,207.81, compared to a net outflow of CNY -3,147,410,462.63 in Q1 2022[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥296,674,283,835.38, reflecting a growth of 2.71% from the end of the previous year[5] - The total assets as of March 31, 2023, were RMB 296,674,283,835.38, compared to RMB 288,836,545,090.53 at the beginning of the year, indicating a growth of 2.9%[17] - The total liabilities increased to RMB 200,630,988,270.67 from RMB 191,534,784,049.72, representing an increase of 4.5%[17] - The company's total liabilities increased, leading to a 59.34% rise in cash and cash equivalents compared to the beginning of the year[8] Research and Development - The company's R&D expenses rose by 70.11% year-on-year, indicating an increased focus on research and development[8] - Research and development expenses increased to CNY 306,560,565.21 from CNY 180,214,145.87, reflecting a growth of approximately 69.9% year-over-year[20] Investment and Acquisitions - The company reported a significant decrease in investment income, down 89.23% year-on-year, due to reduced profits from joint ventures[9] - The company experienced a 35.38% increase in non-operating income compared to the previous year, primarily due to an increase in approved unpayable accounts[9] - The company plans to issue convertible bonds to unspecified investors, with the application accepted by the Shenzhen Stock Exchange on April 18, 2023[12] - The company is in the process of acquiring controlling stakes in cement-related businesses from Ningxia Building Materials Group, as part of a major asset restructuring plan[13] Inventory and Receivables - The inventory at the end of Q1 2023 was RMB 11,560,205,993.78, slightly down from RMB 11,763,487,646.82 at the beginning of the year[16] - The accounts receivable increased to RMB 32,729,481,981.75 from RMB 31,671,089,080.57, reflecting a rise of 3.3%[16] - The company reported a decrease in short-term borrowings to RMB 28,932,402,407.37 from RMB 25,874,955,066.48, indicating a rise of 7.9%[17] Operating Costs - The total operating costs for Q1 2023 were RMB 24,136,695,746.24, down from RMB 26,936,757,247.19 in the previous year, reflecting a reduction of 10.4%[19]

Group 1: Market Demand and Pricing - The overall demand for cement in 2023 is expected to remain stable with slight improvements, supported by government infrastructure investments and the recovery of the real estate sector [1] - Regional price differences for cement are noted, with the Yangtze River Delta and Pearl River Delta markets recovering gradually post-Spring Festival, while northern markets remain weak [2] - The average cement price in 2022 experienced fluctuations, with expectations for a low-to-high trend in 2023 [2] Group 2: Production Capacity and Cost Management - The company has a clinker production capacity of 320 million tons, ready-mixed concrete capacity of 400 million cubic meters, and aggregate capacity of 230 million tons, with a focus on optimizing layouts in core profit areas [2] - Coal prices in 2023 are expected to remain high but stable, with strategies in place to manage costs through strategic partnerships and alternative sourcing [2] - The company is enhancing its production efficiency through smart factory initiatives, aiming to reduce energy consumption and maintenance costs [3] Group 3: Strategic Development and Internationalization - The company plans to establish a world-class cement enterprise, focusing on high-end, intelligent, and green transformation during the 14th Five-Year Plan period [4] - Internationalization efforts include market research and the development of an international investment and management system, with a focus on mergers and acquisitions [4] - A joint venture with Jidong Cement aims to implement national capacity reduction policies and promote structural reforms in the regional cement industry [3]

证券代码：000877 证券简称：天山股份 公告编号：2023-017 新疆天山水泥股份有限公司 关于召开 2022 年度业绩说明会的公告 特此公告。 新疆天山水泥股份有限公司董事会 本次网上说明会将采用网络远程的方式举行，投资者可登陆"天山 股份投资者关系"小程序参与互动交流。为广泛听取投资者的意见和建 议，提前向投资者征集问题，提问通道自发出公告之日起开放。 参与方式一：在微信小程序中搜索"天山股份投资者关系"； 参与方式二：微信扫一扫以下二维码： 投资者依据提示，授权登入"天山股份投资者关系"小程序，即可 参与交流。 出席本次网上说明会的人员有：董事长、独立董事、总裁、财务总 监、董事会秘书（如有特殊情况，参会人员将可能进行调整）。 敬请广大投资者积极参与。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载，误导性陈述或重大遗漏。 新疆天山水泥股份有限公司（以下简称"公司"）已于 2023 年 3 月 22 日在巨潮资讯网（http://www.cninfo.com.cn/）上披露了《2022 年年度报告》及《2022 年年度报告摘要》。 为便于广大投资者进一步了解公司 2022 ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2022[3]. - In 2022, the company's operating revenue was CNY 132.58 billion, a decrease of 22.03% compared to CNY 169.98 billion in 2021[20]. - The net profit attributable to shareholders was CNY 4.54 billion, down 63.80% from CNY 12.53 billion in the previous year[20]. - The gross profit margin for the cement and related products segment was 15.68%, down 9.15% from the previous year[59]. - The company reported a total revenue of 10.5 billion yuan for the year 2022, representing a year-on-year increase of 15%[155]. - The net profit attributable to shareholders was 1.2 billion yuan, an increase of 20% compared to the previous year[155]. - The company achieved a net profit attributable to shareholders of 4,542,240,500.33 CNY for the year 2022[186]. Dividend Distribution - The company plans to distribute a cash dividend of 2.70 yuan per 10 shares to all shareholders, based on a total of 8,663,422,814 shares[4]. - The cash dividend distribution plan for 2022 involves a payout of 2.70 CNY per 10 shares, totaling 2,339,124,159.78 CNY, which represents 51.50% of the net profit attributable to shareholders[186]. - The company plans to distribute at least 50% of the net profit attributable to shareholders as cash dividends in the years 2022-2024, provided there are no significant investments or cash expenditures[186]. Market Expansion and Strategy - The company is focusing on expanding its market presence in the western region, targeting a 20% increase in market share by 2025[3]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[146]. - The company plans to expand its market presence in the western region, aiming for a 10% increase in sales in that area[159]. - The company is exploring potential acquisitions to enhance its market share, targeting firms with complementary technologies[155]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[159]. Operational Efficiency and Cost Management - The company aims to achieve a 15% reduction in production costs through operational efficiencies by the end of 2023[3]. - The company plans to reduce production costs by 5% through operational efficiencies in the upcoming fiscal year[146]. - The company is investing 200 million yuan in new technology to improve production efficiency by 15%[159]. - The company has invested 500 million yuan in new technology development aimed at improving production efficiency by 10%[3]. Research and Development - Research and development expenses increased by 6.04% to ¥1,910,766,618.79 compared to the previous year[68]. - R&D investment totaled ¥3,749,110,277.98, a 35.46% increase year-on-year, representing 2.83% of operating revenue[70]. - The company plans to invest 500 million yuan in R&D for new product development in 2023, focusing on eco-friendly cement solutions[155]. - The company has developed 116 types of specialty cement products, making it the largest producer of specialty cement in China[54]. Sustainability and Environmental Initiatives - The company is focusing on green and intelligent development as a response to the industry's transition towards low-carbon operations[27]. - The management emphasized sustainability initiatives, aiming for a 40% reduction in carbon emissions by 2025[146]. - The company is committed to sustainable development by implementing photovoltaic and wind power projects to increase the share of clean energy[115]. - The company is focusing on carbon neutrality and has adopted a full lifecycle carbon reduction approach, increasing investments in ecological protection[115]. Corporate Governance - The company has established a robust corporate governance structure, including a board of directors with 9 members and 5 specialized committees[125]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring no interference in business activities[131]. - The company has a complete and independent financial management system, with no intervention from the controlling shareholder in financial decisions[132]. - The company held 18 board meetings during the reporting period, with decisions announced on various dates throughout the year[171][172]. Challenges and Risks - The overall economic environment in 2022 was challenging, with China's GDP growing by only 3.0% and fixed asset investment increasing by 5.1%[27]. - The company faces risks from macroeconomic slowdowns affecting demand, with potential negative impacts on operational performance due to stricter real estate policies and fixed asset investment declines[112]. - The company faces rising cost risks due to high coal and electricity prices, which significantly impact production costs[114]. - Labor costs and environmental protection investments are also increasing, potentially affecting profitability if not fully passed on to product prices[114]. Acquisitions and Investments - The company has completed various capital increases and acquisitions, enhancing its market position in the cement and aggregate industry[84]. - The company is actively pursuing long-term growth strategies through capital investments in subsidiaries and related businesses[84]. - The company has initiated a project for a 6,000 t/d clinker cement production line with an investment of 867,317,000 yuan, which is 41.53% completed[88]. - The company has acquired 100% of the assets of Beijing Huachen Pujin Asset Management Center, with a total investment of 629,208,000 yuan[86]. Employee Development and Remuneration - The total remuneration for directors, supervisors, and senior management in 2022 amounted to CNY 27.37 million[170]. - The company has established a "dual-channel" career development system to enhance employee career growth and learning opportunities[183]. - The company has implemented a performance evaluation mechanism to ensure the effectiveness of its compensation system[181]. - The company emphasizes a "learning organization" culture, continuously developing training methods and optimizing training systems[183].

Company Overview - The company, originally established as Xinjiang Cement Plant, was restructured in 1998 and listed in 1999. Its cement production capacity has grown from 450,000 tons to approximately 38 million tons, with commercial concrete capacity around 14 million cubic meters [2]. Production Capacity and Utilization - The current production capacity utilization rate is about 60%, affected by the long winter season in Xinjiang [3]. - The company has established a network of 12 locations across Xinjiang, covering strategic and economically significant areas [3]. Customer Base - The customer base is divided into three segments: 1. Key engineering and projects (railways, highways, airports) 2. Industrial projects (major investments) 3. Residential construction and others [3]. Financial Performance - The gross profit margin for cement last year was 24.43% [3]. - In the first half of the year, the company incurred losses exceeding 19 million due to market conditions and pricing factors in Xinjiang [3]. Market Conditions - The overall demand for cement in Xinjiang has decreased compared to last year due to market environment impacts [3]. - The company noted that coal prices in Xinjiang have remained stable, while a decrease in coal prices in East China has slightly reduced costs [4]. Strategic Insights - The major shareholder, China National Materials Group, currently has no plans to increase its stake in the company [4]. - The company has implemented refined management practices, leading to a reduction in overall costs compared to the previous year [4].

Company Overview - The company originated from Xinjiang Cement Plant, established in 1956, and was incorporated in 1998, successfully listed on the Shenzhen Stock Exchange in 1999 [1] - Initial cement production capacity was approximately 450,000 tons at the time of listing, which has now increased to nearly 40 million tons [3] Product Development - The company currently has a concrete production capacity of about 1,530 cubic meters, making it the second-largest concrete enterprise in Xinjiang [3] - The company owns three major cement brands: "Tianshan," "Tunhe," and "Duolang," with "Tianshan" trademark recognized as a famous brand in Xinjiang and China [3] Market Expansion - The company entered the Jiangsu market in 2002 by establishing Jiangsu Tianshan Cement Co., Ltd., and expanded its presence through new constructions and acquisitions in the "Suzhou-Wuxi-Changzhou" area [3] Workforce Composition - As of the end of 2014, the company had 11,325 employees, with female employees accounting for 25.46% (2,883 individuals) and ethnic minority employees making up 17.10% (1,937 individuals) of the total workforce [4] Strategic Development - Xinjiang is identified as a core area for the "Belt and Road" initiative, with significant development opportunities due to historical underdevelopment compared to coastal cities [3] - The region plans to implement major infrastructure and industrial development projects to enhance the Silk Road Economic Belt, including the establishment of a "China-Central Asia Free Trade Zone" [3]

Company Overview - The company originated from Xinjiang Cement Plant, established in 1956, and was incorporated in 1998, successfully listed on the Shenzhen Stock Exchange in 1999. It is currently the largest cement enterprise in Northwest China and the largest oil well cement production base [1]. Production Capacity - The company's cement production capacity was approximately 450,000 tons at the time of listing, and it has now approached 40 million tons [2]. - Most of the production capacity is distributed within Xinjiang, with a small portion in Jiangsu Province [2]. Industry Insights - The production technology for cement is relatively simple, resulting in low industry entry barriers [2]. - The company owns three main cement brands: "Tianshan," "Tunhe," and "Duolang," with "Tianshan" recognized as a famous trademark in Xinjiang and a well-known trademark in China [2]. Financial Operations - The company has entrusted loans primarily through banks or the financial company of the controlling shareholder, China National Materials Group [2]. Workforce - As of the end of 2014, the company employed 11,325 people [2]. Export Activities - Currently, the company does not export cement directly to Japan [2]. Development Opportunities - Xinjiang is considered a core area for the "Belt and Road" initiative, with significant development opportunities due to its historical lag behind coastal developed cities. The region is set to initiate major infrastructure and industrial development projects that will enhance the Silk Road Economic Belt [3].