Financial Performance - The company's operating revenue for Q1 2023 was ¥854,482,275.61, representing a 63.49% increase compared to ¥522,652,924.53 in the same period last year[5] - The net profit attributable to shareholders for Q1 2023 was ¥335,762,713.10, a 19.82% increase from ¥280,211,043.90 in the previous year[5] - Total operating revenue for Q1 2023 was CNY 854,482,275.61, an increase of 63.5% compared to CNY 522,652,924.53 in Q1 2022[18] - Net profit for Q1 2023 reached CNY 334,537,256.93, representing a 18.4% increase from CNY 282,516,883.44 in Q1 2022[20] - The total comprehensive income for the period was approximately CNY 334.54 million, compared to CNY 282.52 million in the previous period, representing an increase of 18.43%[21] - The company’s total comprehensive income attributable to the parent company was CNY 335.76 million, compared to CNY 280.21 million in the previous period, an increase of 19.83%[21] Cash Flow - The net cash flow from operating activities reached ¥457,421,832.31, marking an 87.90% increase from ¥243,436,846.98 in the same period last year[5] - Cash inflows from operating activities amounted to CNY 1.15 billion, significantly higher than CNY 518.94 million in the previous period, an increase of 121.73%[22] - Cash outflows from operating activities totaled CNY 691.47 million, compared to CNY 275.50 million in the previous period, an increase of 150.73%[23] - The net cash flow from operating activities was CNY 457.42 million, up from CNY 243.44 million, an increase of 88.06%[23] - Cash and cash equivalents at the end of the period were CNY 1.66 billion, down from CNY 1.03 billion at the end of the previous period, a decrease of 60.36%[23] - The company reported cash outflows from investing activities of CNY 487.89 million, compared to CNY 116.08 million in the previous period, an increase of 319.73%[23] - The company’s cash flow from financing activities showed a net outflow of CNY 19.43 million, compared to a net inflow of CNY 44.02 million in the previous period[23] Assets and Liabilities - The company's total assets at the end of Q1 2023 were ¥13,304,815,513.79, a 3.57% increase from ¥12,846,371,183.15 at the end of the previous year[5] - Current liabilities totaled CNY 1,133,560,005.91, an increase from CNY 998,411,953.71 in the previous year[18] - The company's total assets as of Q1 2023 amounted to CNY 13,304,815,513.79, compared to CNY 12,846,673,797.29 at the end of Q1 2022[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,452, with the top ten shareholders holding a combined 45.23% of shares[10] - The largest shareholder, China Agricultural Production Materials Group Co., Ltd., holds 15.60% of shares, totaling 144,913,793 shares[10] - The top ten shareholders include both domestic and foreign entities, with significant stakes held by private equity firms[12] Expenses - Research and development expenses for Q1 2023 were ¥5,972,770.60, a 100% increase due to new R&D projects initiated during the period[9] - The company's sales expenses increased by 193.91% to ¥6,446,353.86, primarily due to higher warehousing and promotional costs[9] - Total operating costs for Q1 2023 were CNY 446,759,649.33, up 131.9% from CNY 193,221,478.46 in the same period last year[18] - The company reported a significant increase in inventory, which rose to CNY 243,837,714.50 from CNY 188,924,489.71 year-over-year[18] Governance - The company has undergone board and supervisory committee elections in January 2023, indicating a potential shift in governance[15]

证券代码：000893 证券简称：亚钾国际 公告编号：2023-041 亚钾国际投资（广州）股份有限公司 关于举行 2022 年度业绩说明会的公告 亚钾国际投资（广州）股份有限公司（以下简称"公司"）定于 2023 年 4 月 27 日（星期四）下午 15:00-16:30 在全景网举办 2022 年度业绩说明会，本次年度 业绩说明会将采用网络远程视频直播的方式举行，投资者可登陆全景网"投资者 关系互动平台"（https://ir.p5w.net）参与本次年度业绩说明会。 出席本次说明会的人员有：公司董事长郭柏春先生、总经理马英军先生、董 事会秘书刘冰燕女士、财务总监苏学军先生、副总经理郑友业先生、副总经理佟 永恒先生。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2023 年 4 月 25 日（星期二）17：00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码，进 入问题征集专题页面。公司将在 2022 年度业绩说明会上，对投资者普遍关注的 问题进行回答。 欢迎广大投资者积极参与本次网上说明 ...

Financial Performance - The company's operating revenue for 2022 was ¥3,466,116,843.79, representing a 313.00% increase compared to ¥832,964,828.62 in 2021[15]. - The net profit attributable to shareholders for 2022 was ¥2,028,673,070.02, a 125.58% increase from ¥895,091,891.35 in 2021[16]. - The net profit after deducting non-recurring gains and losses was ¥2,027,562,144.03, up 590.33% from ¥289,506,062.86 in 2021[16]. - The net cash flow from operating activities reached ¥1,809,956,943.78, a 273.65% increase compared to ¥484,402,004.71 in 2021[16]. - The total assets at the end of 2022 were ¥12,846,371,183.15, reflecting a 131.08% increase from ¥5,554,662,919.75 at the end of 2021[16]. - The net assets attributable to shareholders were ¥10,114,234,651.77, a 119.24% increase from ¥4,609,063,246.01 at the end of 2021[16]. - The basic earnings per share for 2022 were ¥2.4580, up 106.88% from ¥1.1826 in 2021[16]. - The diluted earnings per share were ¥2.4374, a 105.15% increase from ¥1.1826 in 2021[16]. - The weighted average return on equity was 28.39%, an increase of 6.79% from 21.51% in 2021[16]. - In 2022, the company's total revenue reached approximately CNY 3.46 billion, with quarterly revenues of CNY 522.65 million, CNY 1.24 billion, CNY 649.48 million, and CNY 1.05 billion respectively[18]. Market and Industry Dynamics - The company emphasizes the risk of potash price fluctuations due to geopolitical factors and overall demand for compound fertilizers[3]. - The global potassium fertilizer market has been under supply pressure since 2020, with a significant impact from geopolitical tensions, leading to a projected 30% decrease in Russian exports and a 67% decrease in Belarusian exports in 2022 compared to 2021[22]. - The global potassium salt production in 2022 reached 40 million tons (K₂O equivalent), with Canada, Belarus, and Russia accounting for over 60% of the total production[23]. - The demand for potassium fertilizers is expected to increase by 4% in 2023, driven by rising food prices and limited new production capacity[24]. - The geopolitical situation and inflationary pressures are expected to continue influencing global fertilizer prices and demand in 2023[24]. - The average annual growth rate of potassium fertilizer demand in Asia is expected to remain at 4%-5%, driven by economic growth and population increase[26]. - The demand for potassium fertilizer in Southeast Asia is significant, as the region produces about 85% of the world's palm oil and nearly 50% of rice, both of which rely heavily on potassium fertilizer[27]. Company Operations and Strategy - The company’s main business shifted to potash fertilizer operations, grain trading, and shipping services since 2019[10]. - The company is focused on expanding its market presence and enhancing its product offerings in response to the growing demand for potassium fertilizers[22]. - The company has achieved a production capacity of 1 million tons per year for its first potassium fertilizer project in Laos, reaching this target in just 17 months of production and 6 months of ramp-up time[38]. - The second 1 million tons per year potassium fertilizer project successfully commenced trial production on January 1, 2023, indicating rapid expansion in production capacity[38]. - The company has established a comprehensive potassium fertilizer production system in Laos, achieving a production capacity of 1 million tons per year, with plans for further expansion through innovative technologies[52]. - The company is actively responding to national policies to ensure domestic potassium fertilizer supply, leveraging its overseas production bases[35]. - The company has established a comprehensive supply chain management system to optimize procurement and enhance supply quality, supporting its "smart mining" initiatives[38]. Governance and Compliance - The company has a well-structured governance system, ensuring strategic alignment and effective decision-making to support long-term growth[56]. - The company has established effective communication channels with shareholders, particularly focusing on protecting the rights of minority shareholders[97]. - The company has independent operational capabilities, with no interference from the controlling shareholder in its major decision-making processes[100]. - The company has implemented strict information disclosure practices, ensuring timely and accurate communication of relevant information to all shareholders[98]. - The company has established a comprehensive internal control system to enhance operational efficiency and governance standards[97]. - The company has maintained independent tax payment and financial decision-making, without sharing bank accounts with the controlling shareholder[103]. Employee and Community Engagement - The company has implemented a comprehensive employee training program, focusing on internal and external training methods to enhance staff capabilities[137]. - The company has introduced advanced agricultural machinery to assist local employees with rice harvesting, fostering good relations with the community[160]. - The company has established partnerships with local hospitals to provide health services for employees, enhancing their well-being and sense of belonging[160]. - The company has committed to maintaining the highest safety standards in its operations, continuously improving safety management protocols[161]. - The company has implemented a "Home for Employees" plan to enhance employee satisfaction, including the opening of a new dormitory with comprehensive facilities such as a gym, medical room, and convenience store[159]. Future Outlook and Growth Plans - The company aims to achieve an annual production capacity of 500 million tons of potash by 2025, with plans to expand to 700-1,000 million tons based on market demand[92]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 300 million RMB earmarked for potential deals[176]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[115]. - The company is investing in new technology development, allocating 100 million RMB towards R&D initiatives aimed at enhancing product efficiency[184]. - The company aims to improve operational efficiency and explore potential mergers and acquisitions[128].

Market Outlook - The potash market is expected to remain in a sustained high cycle over the next two years due to supply-demand dynamics [2] - Belarus and Russia account for nearly 40% of global potash production capacity, with significant reductions expected due to the ongoing Ukraine conflict and sanctions [2] - Global potash supply is projected to decrease by 6-8 million tons this year, with Belarus expected to cut production by 6-8 million tons and Russia by 2-6 million tons [3] Demand Factors - Global grain inventories are at historical lows, with major agricultural prices (soybeans, corn, wheat) rising by 50%-90% compared to the 10-year average [3] - High agricultural prices are expected to support fertilizer demand, as farmers are incentivized to plant more due to favorable price coverage [3] Sales Model - The company employs two main sales models: EXW (Ex Works) and CFR (Cost and Freight), affecting the timing of revenue recognition [3] Cost and Expansion - The operating cost per ton in 2021 was 825 RMB, with expectations for cost reduction as production scales up [3] - The second million-ton project is expected to be completed by the end of 2022, and the third by the end of 2023, with fixed asset investment for future projects reduced to approximately 4 billion RMB [4] Transportation Capacity - The company does not foresee transportation bottlenecks post-expansion, with existing road infrastructure capable of handling up to 3 million tons of potash [4] - Ongoing infrastructure projects, including a new highway and railway, will enhance transportation efficiency and capacity [4] Impact of COVID-19 - Recent adjustments in Laos' pandemic policies have positively impacted production and sales, with international ports fully reopened [5] - Domestic sales are experiencing delays due to port unloading and customs clearance, but the company is actively seeking solutions [5]