证券代码：000973 证券简称：佛塑科技 佛山佛塑科技集团股份有限公司投资者关系活动记录表 编号：2023-04 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 ☑现场参观 □其他 参与单位名称及 人员姓名 中信证券研究所王喆，玄元投资宋之国、胡泽滢 时间 2023 年 7 月 13 日（星期四）上午 11:00 至 11:45 地点 佛塑科技总部大楼数字化展厅、A1 会议室 上市公司接待人 1. 总裁助理、董事会办公室主任刘燕婷 2. 证券事务代表、董事会办公室副主任陆励 员姓名 一、参观公司数字化展厅，总裁助理、董事会办公室主任刘燕婷 介绍公司历史沿革、经营情况、主要产品等基本情况。 二、参与人员提出的问题及公司回复情况 公司就参与人员提出的问题进行了沟通交流： 1.公司是否有资本支出（投资）计划？ 投资者关系活动 答：公司正在进行的投资项目有纬达光电偏光膜三期项目、经纬 主要内容介绍 分公司高新复合阻隔材料升级扩产项目、新能源镀膜生产线设备扩产 项目。未来将围绕公司"十四五"发展规划，密切关注经济环境、行 业及市场动态，结合公司实际情况进行研判， ...

证券代码：000973 证券简称：佛塑科技 佛山佛塑科技集团股份有限公司投资者关系活动记录表 编号：2023-02 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 ☑现场参观 □其他 大连期协、国泰君安期货、广东期协、宝城期货、华泰期货、新湖期 参与单位名称及 货、中泰期货、长江期货、紫金天风期货、光大期货、兴业银行、中 人员姓名 国国际期货、广发期货、宏源期货、东海期货、兴证期货、长城期货、 格林大华期货、中信建投期货 时间 2023 年 5 月 17 日（星期三）下午 13:30 至 15:00 地点 佛塑科技总部大楼数字化展厅、A1 会议室 1. 副总裁、董事会秘书何水秀 上市公司接待人 2. 总裁助理、董事会办公室主任刘燕婷 员姓名 3. 供应链管理部总经理陈建仕 4. 证券事务代表、董事会办公室副主任陆励 5. 战略投资中心投资经理黄川光 参与单位提出的问题及公司回复情况 公司就参与单位提出的问题进行了沟通交流： 投资者关系活动 1.请介绍一下公司历史沿革、经营情况、主要产品等基本情况 答：佛塑科技成立于 1988 年 6 月，前身是佛山市塑料 ...

Financial Performance - The company's revenue for Q1 2023 was ¥609,400,222.07, representing a 6.69% increase compared to ¥571,200,468.02 in the same period last year[4]. - Net profit attributable to shareholders decreased by 37.46% to ¥17,842,114.14 from ¥28,528,676.45 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 40.14% to ¥14,592,412.60 compared to ¥24,377,690.73 in the previous year[4]. - Basic and diluted earnings per share decreased by 37.63% to ¥0.0184 from ¥0.0295 in the previous year[4]. - The company's net profit for Q1 2023 was ¥27,607,314.01, a decrease of 38.2% from ¥44,638,251.19 in Q1 2022[15]. - The total profit for Q1 2023 was ¥28,182,959.10, a decrease from ¥44,669,614.57 in Q1 2022, representing a decline of approximately 37%[16]. - The net profit for Q1 2023 was ¥25,314,850.01, down from ¥40,053,920.13 in the same period last year, indicating a decrease of about 37%[16]. - The basic earnings per share for Q1 2023 was ¥0.0184, compared to ¥0.0295 in Q1 2022, representing a decline of approximately 38%[16]. Cash Flow and Assets - The company's cash flow from operating activities showed a slight decline of 1.22%, amounting to -¥35,083,270.21[4]. - Cash and cash equivalents at the end of Q1 2023 totaled ¥893,654,122.48, down from ¥969,482,680.09 at the beginning of the year, a decline of 7.8%[14]. - Total assets at the end of the reporting period were ¥4,365,150,965.31, down 3.81% from ¥4,538,207,017.14 at the end of the previous year[4]. - Total assets decreased to ¥4,365,150,965.31 at the end of Q1 2023 from ¥4,538,207,017.14 at the beginning of the year, a reduction of 3.8%[14]. - The company's total liabilities decreased to ¥1,079,189,983.34 from ¥1,277,341,349.79, a decline of 15.5%[14]. - Inventory levels were reported at ¥518,476,397.97, slightly down from ¥520,672,044.94 at the beginning of the year, a decrease of 0.4%[14]. - The net cash flow from operating activities for Q1 2023 was -¥35,083,270.21, compared to -¥34,661,693.47 in Q1 2022, showing a slight increase in cash outflow[18]. - The net cash flow from investing activities for Q1 2023 was ¥72,989,785.40, a significant improvement from -¥45,595,027.79 in Q1 2022[19]. - The cash and cash equivalents at the end of Q1 2023 were ¥889,433,778.78, down from ¥954,661,947.26 at the beginning of the period[19]. - The total cash outflow from financing activities in Q1 2023 was ¥224,072,599.83, compared to ¥318,676,439.25 in Q1 2022, indicating a decrease of about 30%[19]. Investments and Shareholder Information - The company's investment income decreased by 122.19% year-on-year, primarily due to reduced investment income from joint ventures[6]. - The company experienced a 61.55% increase in construction in progress, mainly due to investments in the new factory and supporting projects for polarized film[6]. - The total number of common shareholders at the end of the reporting period is 70,283[8]. - The largest shareholder, Guangdong Guangxin Holdings Group Co., Ltd., holds 26.75% of shares, totaling 258,760,512 shares[8]. - The company is investing in the construction of a new factory and supporting projects to meet the needs of the Wida Optoelectronics Phase III project[10]. - Wida Optoelectronics successfully raised 327.29 million RMB through the issuance of 38.41 million shares for the Phase III project, with a net amount of 315.33 million RMB after expenses[11]. - The company is currently in the process of land and property acquisition for the Guangzhou-Zhanjiang high-speed railway construction project, affecting its subsidiary's operations[12]. Operating Costs and Expenses - Operating costs for Q1 2023 were ¥577,200,618.81, up from ¥530,871,765.99 in the same period last year, reflecting a rise of 8.7%[15]. - Research and development expenses increased to ¥35,519,561.35 in Q1 2023, compared to ¥30,644,838.21 in Q1 2022, an increase of 15.8%[15]. - The company reported a decrease in short-term borrowings to ¥215,838,642.37 from ¥332,868,614.66, a reduction of 35.2%[14]. - The company reported a tax expense of ¥2,868,109.09 for Q1 2023, down from ¥4,615,694.44 in Q1 2022, reflecting a decrease of approximately 38%[16]. - The company reported a 70.12% decrease in tax refunds received compared to the previous year, mainly due to last year's higher refunds of VAT and additional taxes[6].

证券代码：000973 证券简称：佛塑科技 公告编号：2023-17 出席本次业绩说明会的人员有：公司董事、总裁马平三，独立董事周荣，财务总监刘 杏萍，副总裁、董事会秘书何水秀。 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13日（星期四）15:00 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，也可通过 电子邮件的形式发送至公司邮箱：dmb@fspg.com.cn。在信息披露允许的范围内，公司将 在本次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业绩说明会。 佛山佛塑科技集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司及公司董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 佛山佛塑科技集团股份有限公司（以下简称公司）《2022 年年度报告》及其摘要于 2023 年 3 月 25 日在《中国证券报》《证券时报》、巨潮资讯网（http://www.cninfo.com.cn） 披 ...

Financial Performance - The company's operating revenue for 2022 was CNY 2,635,116,887.63, representing a 7.24% increase compared to CNY 2,457,257,563.52 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 136,405,883.52, an increase of 11.88% from CNY 121,920,883.30 in 2021[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 107,446,735.14, up 17.86% from CNY 91,166,836.40 in 2021[22]. - The basic earnings per share for 2022 was CNY 0.1410, reflecting an increase of 11.90% from CNY 0.1260 in 2021[22]. - The total assets at the end of 2022 were CNY 4,538,207,017.14, a 14.38% increase from CNY 3,967,799,736.24 at the end of 2021[22]. - The net assets attributable to shareholders at the end of 2022 were CNY 2,647,129,670.40, which is a 6.70% increase from CNY 2,480,994,930.28 at the end of 2021[22]. - The net cash flow from operating activities for 2022 was CNY 174,953,416.52, a decrease of 39.47% compared to CNY 289,038,759.80 in 2021[22]. - The weighted average return on net assets for 2022 was 5.40%, an increase of 0.38 percentage points from 5.02% in 2021[22]. Revenue Breakdown - The company's total revenue for Q1 2022 was ¥571.2 million, Q2 was ¥695.5 million, Q3 was ¥680.6 million, and Q4 was ¥687.8 million, showing a stable revenue stream throughout the year[26]. - The optical materials segment saw a revenue increase of 13.17%, totaling CNY 584 million, while the barrier materials segment decreased by 4.23% to CNY 1.025 billion[44]. - The supply chain business experienced significant growth, with revenue rising by 184.62% to CNY 311 million[44]. - The revenue from the dialysis materials industry reached ¥371,968,301.97, representing a year-on-year increase of 12.75%[47]. - The optical materials industry generated revenue of ¥584,208,913.03, with a significant growth of 40.48% compared to the previous year[47]. - The barrier materials industry reported revenue of ¥1,025,405,380.59, showing a year-on-year increase of 17.33%[47]. - The supply chain business revenue was ¥310,890,143.91, reflecting an impressive growth of 184.62% year-on-year[47]. Research and Development - The company applied for 78 new patents during the reporting period, including 17 invention patents, and has a total of 291 authorized patents as of the end of the reporting period[39]. - Research and development expenses increased by 11.95% to ¥136,334,581.11 compared to ¥121,784,276.09 in the previous year[56]. - The number of R&D personnel rose by 3.49% to 415, with the proportion of R&D personnel in the total workforce increasing to 13.11%[58]. - The company is developing multiple new products, including antibacterial composite materials and eco-friendly packaging films, to enhance market competitiveness[57]. Governance and Management - The company has established a clear organizational and governance structure, ensuring effective decision-making and internal control[88]. - The company maintained independence from its controlling shareholders in operations, assets, finance, and business activities[91]. - The independent directors actively participated in board meetings and provided professional advice on major decisions[88]. - The company has committed to enhancing its governance rules and mechanisms to ensure compliance and sustainable development[89]. - The board of directors is composed of experienced professionals with backgrounds in engineering, economics, and management, ensuring a diverse skill set[99]. Environmental Compliance - The company adheres to national and local environmental laws and standards, implementing strict pollution control measures[137]. - The company reported a total emission of 4.255 tons of nitrogen oxides, which is within the regulatory limits[139]. - The company has implemented a self-monitoring environmental plan, achieving compliance in all monitored indicators throughout the year[141]. - The company has invested in new technologies for VOCs treatment, including the use of electrostatic oil smoke treatment technology[141]. - The company aims to achieve carbon peak and carbon neutrality goals, enhancing green manufacturing levels and establishing a long-term mechanism for sustainable development[147]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 1.32 billion RMB[106]. - New product launches are expected to contribute an additional 200 million RMB in revenue over the next year[106]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[106]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential deals[106]. Shareholder Engagement - The company is committed to maintaining communication with shareholders, especially minority shareholders, regarding dividend policies[121]. - The company has maintained a transparent cash dividend policy, complying with shareholder meeting resolutions and internal regulations[123]. - A cash dividend of CNY 0.43 per 10 shares (tax included) was proposed, totaling CNY 41,599,196.35, which represents 100% of the profit distribution[127]. Risk Management - The company faces risks from domestic and international economic fluctuations, which may impact operations, and plans to enhance technological innovation and market expansion to mitigate these risks[84]. - The company is exposed to raw material price volatility risks, particularly for polyethylene and polypropylene, and will optimize inventory management and procurement strategies to mitigate these risks[85]. - Currency exchange rate fluctuations pose a risk due to the company's overseas operations and imports, and the company will utilize financial tools to manage this risk effectively[85].

Group 1: Investor Relations Activity Overview - The investor relations activity was conducted in a seminar format, led by the company's Vice President and Secretary of the Board, He Shuixiu [2] - Participants included representatives from various investment firms and securities companies [1] Group 2: Project Introductions - **Guangzhou Nansha Free Trade Zone South China Cross-Border E-Commerce Park Project**: - Approved on May 25, 2015, with an initial investment of CNY 46.55 million [2] - The project covers an area of approximately 44,327 square meters, with a planned construction area of about 120,000 square meters [2] - The first phase investment is CNY 46.55 million, with CNY 34.05 million allocated to land and CNY 12.5 million for construction [2] - Expected construction period is about 5 months [2] - **Increase in Shareholding of Shenzhen Huatuo Financial Services Co., Ltd.**: - Approved on June 24, 2015, with a cash investment of CNY 10.2 million for a 51% stake [4] - The total registered capital of Huatuo Financial will be CNY 20 million post-investment [4] Group 3: Financial Performance and Future Plans - **Foshan Weida Optoelectronic Materials Co., Ltd.**: - Established in January 2004, reported revenue of CNY 191.69 million and net profit of CNY 42.39 million in 2014 [5] - **New Non-Porous Moisture-Permeable Waterproof Film Project**: - The project company, Foshan Jinwanda New Materials Technology Co., Ltd., has been established and is currently in production [5] - A second phase investment of CNY 17.4 million is planned [5] - **High-Precision Thin Capacitor Film Project**: - The project has completed factory construction and is progressing as scheduled [5] Group 4: Stock Option Incentive Plan - The company has proposed a stock option incentive plan to motivate key management and technical personnel, with a proposed grant of 9.67 million shares at an exercise price of CNY 9.46 [6] - Performance targets include a weighted average return on net assets (excluding non-recurring gains and losses) of no less than 3% and a net profit growth rate of no less than 6% [6] Group 5: New Projects and Investments - **Power Storage Lithium-Ion Battery Separator Project**: - The project has a total investment of CNY 30.39 million and aims to establish a wholly-owned subsidiary in Wuhu, Anhui Province [7] - The project has received positive feedback from initial trials [7]

Group 1: Company Overview - The largest shareholder of Foshan Fosu Technology Group Co., Ltd. is Guangdong Guangxin Holdings Group Co., Ltd., holding 251,599,212 shares, which accounts for 26.01% of the total shares [1] - The company has a total of 13 departments and 5 specialized committees under the board, with approximately 4,000 employees and production bases in Shanxi, Sichuan, and Guangxi [2] Group 2: Business Performance - In 2015, the company achieved a revenue of 2.887 billion CNY, a growth of 5.69% compared to the previous year, and a net profit of 82.7018 million CNY, an increase of 3.19% [3] - In Q1 2016, the company reported a revenue of 567 million CNY, a growth of 1.54% year-on-year, and a net profit of 16.3787 million CNY, which is a significant increase of 104.01% [3] Group 3: Product and Market Strategy - The company focuses on four main product series: dialysis materials, electrical materials, optical materials, and barrier materials, with a strategic emphasis on new energy, new materials, and energy-saving environmental protection [2][4] - The company is actively expanding its international supply chain management and cross-border e-commerce to create new profit growth points [3] Group 4: Research and Development - The company has established a research center for graphene lithium-ion batteries in collaboration with Shanghai Silicate Research Institute, aiming to enhance its technological capabilities and support its expansion into the lithium-ion battery sector [5][6] - The company has participated in the formulation of over 30 national and industry standards, showcasing its strong R&D capabilities [3] Group 5: Corporate Honors and Recognition - In 2015, the company was recognized as a "High-tech Enterprise" and awarded the title of "National Technology Innovation Demonstration Enterprise" [2] - The company is listed among the top 500 manufacturing enterprises in China and is the only strategic industry new materials enterprise in Guangdong Province [2]

Group 1: Company Performance and Strategy - The company focuses on the development of new materials and aims to solidify its position in niche markets through core product leadership [2] - The company plans to enhance its industrial layout based on solid existing operations and self-innovation to achieve high-quality development [3] Group 2: Stock Performance and Investor Concerns - The stock price has been sluggish for nearly 6 years, raising concerns among investors about the lack of measures to boost stock value [2] - Despite good performance and reform measures, the long-term stagnation of stock prices has led to a lack of investor confidence [3] Group 3: Future Outlook and Risks - The company’s subsidiary, Weida Optoelectronics, is expected to enhance its capacity and technology through its public offering on the Beijing Stock Exchange, aligning with the company's 14th Five-Year Plan [3] - There are risks associated with the public offering, including the possibility of failing to pass the listing review or registration with the China Securities Regulatory Commission [3]

佛山佛塑科技集团股份有限公司 2022 年第三季度报告 证券代码：000973 证券简称：佛塑科技 公告编号：2022-48 佛山佛塑科技集团股份有限公司 2022 年第三季度报告 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。 3.第三季度报告是否经过审计 □是 √否 1 佛山佛塑科技集团股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 680,606,257.47 | 7.5 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Section%201%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) The company's board, supervisors, and senior management ensure report accuracy, with no plans for cash dividends or capital increase from reserves for the period - The company's Board of Directors, Supervisory Committee, and senior management ensure the truthfulness, accuracy, and completeness of this semi-annual report and assume corresponding legal responsibilities For the reporting period, the company plans no cash dividends, bonus shares, or capital increase from capital reserves[4](index=4&type=chunk)[5](index=5&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Section%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) This chapter presents the company's core financial data, showing a 7.71% revenue growth and 2.55% net profit increase, but a 103.61% decline in operating cash flow due to increased raw material reserves and accounts receivable Key Financial Indicators for H1 2022 | Indicator | Current Period (CNY) | Prior Year Period (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,266,750,149.15 | 1,176,060,560.86 | 7.71% | | Net Profit Attributable to Shareholders (CNY) | 68,318,773.08 | 66,622,144.90 | 2.55% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (CNY) | 60,936,365.95 | 60,275,975.66 | 1.10% | | Net Cash Flow from Operating Activities (CNY) | -3,690,984.09 | 102,129,912.41 | -103.61% | | Basic Earnings Per Share (CNY/share) | 0.0706 | 0.0689 | 2.47% | | Weighted Average Return on Net Assets | 2.72% | 2.75% | Decrease of 0.03 percentage points | | Total Assets (CNY) | 4,234,101,875.14 | 3,967,799,736.24 | 6.71% (End of period vs. end of prior year) | | Net Assets Attributable to Shareholders (CNY) | 2,513,180,661.33 | 2,480,994,930.28 | 1.30% (End of period vs. end of prior year) | Non-Recurring Gains and Losses for H1 2022 | Item | Amount (CNY) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 247,494.77 | Primarily gains/losses from disposal of fixed assets | | Government Grants Included in Current Profit/Loss | 7,530,548.59 | Primarily special funds for SME development, logistics enterprise support funds, etc | | Fair Value Changes and Investment Income from Transactional Financial Assets | 3,208,678.04 | Primarily income from bank wealth management products and fair value changes | | Other Non-Operating Income and Expenses | 94,877.93 | - | | Gains/Losses from Debt Restructuring | -30,000.00 | - | | Less: Income Tax Impact | 1,461,476.17 | - | | Less: Impact on Minority Interests (After Tax) | 2,207,716.03 | - | | **Total** | **7,382,407.13** | - | [Management Discussion and Analysis](index=9&type=section&id=Section%203%20Management%20Discussion%20and%20Analysis) [Principal Business and Operating Model](index=9&type=section&id=I.%20Principal%20Business%20Activities%20During%20the%20Reporting%20Period) The company's main business involves the production and sale of advanced polymer new materials, categorized into dialysis, optoelectronic, and barrier materials, primarily operating on a make-to-order basis with no significant changes in business or operating model during the period Main Product Categories and Applications | Product Category | Main Products and Applications | | :--- | :--- | | Dialysis Materials | Microporous breathable film, non-porous moisture-permeable waterproof functional film, etc., applied in feminine and infant hygiene, medical protection, outdoor apparel, and other fields | | Optoelectronic Materials | Polarizing film, roughened electrical film, high-temperature resistant capacitor film, etc., applied in LCD displays, ultra-high voltage power transmission and transformation, new energy vehicles, and other fields | | Barrier Materials | Composite plastic woven materials, high-barrier nylon film, heat-shrinkable tobacco film, etc., applied in modern agriculture, construction waterproofing, high-end consumer goods, and other fields | - The company adopts a marketing model focused on developing end-customers, combining online and offline platforms, and primarily uses a **make-to-order** production model[28](index=28&type=chunk) [Core Competitiveness Analysis](index=9&type=section&id=II.%20Core%20Competitiveness%20Analysis) As a national technology innovation demonstration enterprise, the company possesses multiple provincial-level technology innovation platforms, has led or participated in developing 39 national and industry standards, and holds 252 authorized patents, with technology innovation and industry standing as its core competencies - The company is a **National Torch Program Key High-Tech Enterprise**, a **National Technology Innovation Demonstration Enterprise**, and was selected for the **State-owned Assets Supervision and Administration Commission's (SASAC) 'Science and Technology Reform Demonstration Enterprise' list**[30](index=30&type=chunk)[31](index=31&type=chunk) - As of the end of the reporting period, the company had accumulated **252 authorized patents**, including **97 invention patents**, and had led or participated in developing **39 national and industry standards**[30](index=30&type=chunk) [Main Business Analysis](index=10&type=section&id=III.%20Main%20Business%20Analysis) In H1 2022, operating revenue grew by 7.71%, with optoelectronic materials and logistics services showing significant growth, while dialysis materials declined, and operating cash flow experienced a substantial outflow due to increased raw material reserves and accounts receivable Key Financial Data Year-over-Year Changes | Item | Current Period (CNY) | Prior Year Period (CNY) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,266,750,149.15 | 1,176,060,560.86 | 7.71% | - | | Net Cash Flow from Operating Activities | -3,690,984.09 | 102,129,912.41 | -103.61% | Increase in raw material reserves and accounts receivable | | Net Cash Flow from Investing Activities | -47,647,875.46 | -81,065,626.33 | 41.22% | Increase in net cash flow from purchasing wealth management products | | Net Cash Flow from Financing Activities | 135,568,781.68 | -75,674,536.35 | 279.15% | Adjustment of financing structure, increase in borrowings | Main Business by Segment | Segment | Operating Revenue (CNY) | Operating Cost (CNY) | Gross Margin | YoY Operating Revenue Change | YoY Operating Cost Change | YoY Gross Margin Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Dialysis Materials | 180,133,604.28 | 148,040,894.83 | 17.82% | -10.25% | -9.56% | -0.63% | | Optoelectronic Materials | 280,381,232.81 | 164,020,571.10 | 41.50% | 14.06% | -1.37% | 9.15% | | Barrier Materials | 525,766,365.13 | 448,047,696.31 | 14.78% | 1.87% | 6.05% | -3.36% | | Logistics Services | 92,298,902.99 | 79,655,373.76 | 13.70% | 71.07% | 93.07% | -9.83% | [Non-Core Business Analysis](index=12&type=section&id=IV.%20Non-Core%20Business%20Analysis) Non-core businesses significantly impacted total profit, with sustainable investment income primarily from equity-accountable long-term equity investments, while non-sustainable asset impairments mainly stemmed from inventory write-downs and bad debt provisions Composition of Non-Core Business | Item | Amount (CNY) | Proportion of Total Profit | Reason for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 14,588,603.59 | 14.54% | Primarily investment income from long-term equity investments accounted for using the equity method | Yes | | Gains/Losses from Fair Value Changes | 754,080.78 | 0.75% | Primarily gains from fair value changes of transactional financial assets | No | | Asset Impairment | 11,378,275.15 | 11.34% | Primarily inventory write-down provisions and bad debt provisions recognized in the current period | No | [Assets and Liabilities Analysis](index=12&type=section&id=V.%20Assets%20and%20Liabilities%20Analysis) As of the end of the reporting period, total assets increased by 6.71% from the prior year-end, with increases in monetary funds, accounts receivable, and inventory, while both short-term and long-term borrowings significantly grew, reflecting adjustments in the company's financing structure - The company's total assets increased by **6.71%** compared to the end of the prior year, with the proportion of short-term and long-term borrowings to total assets increasing by **2.21** and **2.02 percentage points**, respectively[43](index=43&type=chunk)[44](index=44&type=chunk) [Investment Analysis](index=14&type=section&id=VI.%20Investment%20Analysis) During the reporting period, the company's investment amount significantly decreased by 77.20%, with ongoing major non-equity investments primarily in Weida Optoelectronics' polarizer Phase III project and new plant facilities, both self-funded and in early stages, alongside a CNY 243 million investment in bank wealth management products Significant Non-Equity Investments in Progress During the Reporting Period | Project Name | Investment Method | Amount Invested in Current Period (CNY) | Cumulative Actual Investment Amount (CNY) | Source of Funds | | :--- | :--- | :--- | :--- | :--- | | Weida Optoelectronics Polarizer Phase III Project | Self-built | 110,150.94 | 217,698.10 | Own funds | | New Plant and Supporting Facilities Project | Self-built | 927,159.35 | 927,159.35 | Own funds | - During the reporting period, the company used its own funds to purchase bank wealth management products, with a transaction amount of **CNY 243 million** and an outstanding balance of **CNY 191 million**[101](index=101&type=chunk) [Analysis of Major Holding and Associate Companies](index=15&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Associate%20Companies) Holding subsidiaries Weida Optoelectronics and Easda Capacitor Materials are key profit contributors, while associate company DuPont Hongji Film's net profit significantly declined by 66.61% due to weakened market demand, and another associate, Jinhui High-Tech, continues to incur losses, leading to a cumulative impairment provision of CNY 245 million Operating Performance of Major Subsidiaries and Associate Companies (Unit: CNY 10,000) | Company Name | Type | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | :--- | | Foshan Weida Optoelectronic Materials Co., Ltd | Subsidiary | 12,687.58 | 3,844.20 | 3,308.16 | | Foshan Easda Capacitor Materials Co., Ltd | Subsidiary | 6,527.97 | 1,283.69 | 1,157.38 | | Foshan DuPont Hongji Film Co., Ltd | Associate Company | 36,008.84 | 1,811.06 | 2,112.40 | | Foshan Jinhui High-Tech Optoelectronic Materials Co., Ltd | Associate Company | 38.52 | -1,634.41 | -1,620.06 | - Associate company Foshan DuPont Hongji Film Co., Ltd. reported a net profit of **CNY 21.124 million** for the period, a **66.61% year-over-year decrease**, primarily due to weakened product market demand[56](index=56&type=chunk) - Due to the continuous losses of associate company Jinhui, the company has cumulatively recognized an impairment provision of **CNY 244.6962 million** for its long-term equity investment in the entity[57](index=57&type=chunk) [Risks and Countermeasures](index=16&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces four main risks: domestic and international economic fluctuations, intensified market competition, raw material price volatility, and exchange rate fluctuations, which it plans to address through technological innovation, market expansion, inventory optimization, cost control, and financial instruments - The company has identified four major risks: - **Domestic and International Economic Volatility Risk**: Economic growth pressure may impact the company's operations - **Intensified Market Competition Risk**: Fierce competition in high-end product segments necessitates increased R&D investment - **Raw Material Price Fluctuation Risk**: High volatility in bulk raw material prices like polyethylene and polypropylene affects profitability - **Exchange Rate Fluctuation Risk**: Import and export businesses face price or exchange loss risks due to currency fluctuations[58](index=58&type=chunk)[59](index=59&type=chunk) [Corporate Governance](index=17&type=section&id=Section%204%20Corporate%20Governance) During the reporting period, the company held two shareholder meetings, including one annual and one extraordinary general meeting, saw Director Wang Li's departure due to work reasons, and implemented no profit distribution, capital reserve capitalization, or equity incentive plans - One annual general meeting and one extraordinary general meeting were held during the reporting period[62](index=62&type=chunk) - Director Wang Li resigned from his directorship on **March 23, 2022**, due to work reasons[63](index=63&type=chunk) - There were no profit distributions, capital reserve capitalization, equity incentives, or employee stock ownership plans during this reporting period[64](index=64&type=chunk) [Environmental and Social Responsibility](index=18&type=section&id=Section%205%20Environmental%20and%20Social%20Responsibility) The company and its Hongji branch are key pollutant emitters, with no exceedances reported for SO2, NOx, and non-methane total hydrocarbons, while actively pursuing green development through emission reduction initiatives and fulfilling social responsibilities by prioritizing safety, employee welfare, and contributing to epidemic prevention efforts - The company's Hongji branch is designated as a **key pollutant-discharging entity**, with boiler exhaust and organic waste gas as primary pollutants, and no exceedances were reported during the period[67](index=67&type=chunk) - To reduce carbon emissions, the company upgraded waste gas treatment facilities, promoted cleaner production audits, conducted ISO system certifications, and planned photovoltaic power generation projects, achieving cumulative energy savings of **768 tons of standard coal** in H1 2022[71](index=71&type=chunk)[72](index=72&type=chunk)[73](index=73&type=chunk) - Regarding social responsibility, the company actively participated in epidemic prevention and control, producing **2,313 tons of protective clothing raw materials** from January to June 2022, sufficient for **19.08 million protective products**, and organized **430 volunteer service person-times**[78](index=78&type=chunk) [Significant Matters](index=21&type=section&id=Section%206%20Significant%20Matters) This chapter discloses significant matters, including ongoing entrusted loan disputes with Guangzhou Huagong Baichuan, where one case was terminated due to lack of executable assets, and approximately CNY 43.6565 million in routine related-party transactions, alongside holding subsidiary Weida Optoelectronics' application for Beijing Stock Exchange listing and plans for a CNY 499 million polarizer Phase III project - Two entrusted loan dispute cases between the company and Guangzhou Huagong Baichuan are still in execution, with one case involving a principal of **CNY 65.8 million** terminated by the court due to the absence of other executable assets from Huagong Baichuan, though the company reserves the right to apply for resumption of execution[85](index=85&type=chunk)[86](index=86&type=chunk) - During the reporting period, the company engaged in routine related-party transactions totaling **CNY 43.6565 million**, primarily involving sales of products, provision of management services, and leasing of factory buildings to associate company DuPont Hongji, with transaction amounts not exceeding the annual estimated limits[87](index=87&type=chunk)[88](index=88&type=chunk) - Holding subsidiary Foshan Weida Optoelectronic Materials Co., Ltd.'s application for listing on the Beijing Stock Exchange has been officially accepted, and it plans to invest **CNY 498.8844 million** in the construction of its polarizer Phase III project[103](index=103&type=chunk)[105](index=105&type=chunk) [Share Changes and Shareholder Information](index=28&type=section&id=Section%207%20Share%20Changes%20and%20Shareholder%20Information) During the reporting period, the company's total share capital remained unchanged at 967,423,171 shares, with the vast majority being unrestricted shares, and Guangdong Guangxin Holdings Group Co., Ltd. holding 26.75% as the largest shareholder among 74,454 common shareholders - The company's total share capital remained unchanged during the reporting period, totaling **967,423,171 shares**[109](index=109&type=chunk) Top Two Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at Period End | | :--- | :--- | :--- | :--- | | Guangdong Guangxin Holdings Group Co., Ltd | State-owned Legal Person | 26.75% | 258,760,512 | | Central Huijin Asset Management Co., Ltd | State-owned Legal Person | 1.43% | 13,856,300 | [Preferred Shares Information](index=32&type=section&id=Section%208%20Preferred%20Shares%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[118](index=118&type=chunk) [Bonds Information](index=32&type=section&id=Section%209%20Bonds%20Information) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[120](index=120&type=chunk) [Financial Report](index=33&type=section&id=Section%2010%20Financial%20Report) [Financial Statements](index=33&type=section&id=II.%20Financial%20Statements) This section includes the company's unaudited consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, showing growth in total assets and revenue but a net outflow in operating cash flow and increases in both long-term and short-term borrowings - Unaudited consolidated and parent company balance sheets as of **June 30, 2022**, and consolidated and parent company income statements, cash flow statements, and statements of changes in owners' equity for H1 2022 are provided[122](index=122&type=chunk) [Significant Accounting Policies and Estimates](index=53&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) This chapter details the company's significant accounting policies and estimates, adhering to Chinese Enterprise Accounting Standards, covering financial instrument classification using the expected credit loss model, revenue recognition upon customer control transfer, inventory valuation at weighted average cost and lower of cost or net realizable value, and long-term equity investment accounting based on control level - Revenue Recognition: Revenue is recognized when performance obligations in the contract are satisfied, specifically when the customer obtains control of the related goods[252](index=252&type=chunk) - Impairment of Financial Assets: The expected credit loss model is applied, measuring loss provisions for financial assets at different stages based on expected credit losses over 12 months or the entire lifetime[196](index=196&type=chunk) - Inventory Valuation: Issued inventory is accounted for using the weighted-average method, and measured at the lower of cost or net realizable value at period-end[208](index=208&type=chunk) [Notes to Consolidated Financial Statement Items](index=77&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This chapter provides detailed notes on key consolidated financial statement items, including accounts receivable with a book balance of CNY 452 million and a bad debt provision of CNY 116 million, inventory with a book value of CNY 513 million and a write-down provision of CNY 32.54 million, and goodwill with an original book value of CNY 47.01 million and accumulated impairment of CNY 24.08 million, alongside short-term and long-term borrowings of CNY 387 million and CNY 412 million respectively - Accounts receivable had an end-of-period book balance of **CNY 452 million**, with a bad debt provision of **CNY 116 million**, resulting in a book value of **CNY 336 million**[293](index=293&type=chunk) - Inventory had an end-of-period book balance of **CNY 545 million**, with an inventory write-down provision of **CNY 32.54 million**, resulting in a book value of **CNY 513 million**[336](index=336&type=chunk) - Goodwill had an original book value of **CNY 47.0056 million**, with an end-of-period impairment provision balance of **CNY 24.0802 million**[387](index=387&type=chunk)[389](index=389&type=chunk) [Interests in Other Entities](index=118&type=section&id=IX.%20Interests%20in%20Other%20Entities) This chapter discloses the company's subsidiaries, joint ventures, and associates, including 12 consolidated subsidiaries, with Foshan Weida Optoelectronic Materials Co., Ltd. being a significant non-wholly owned subsidiary, and several entities like Foshan DuPont Hongji Film Co., Ltd. accounted for using the equity method - The company has **12 subsidiaries (including sub-subsidiaries)** included in the scope of consolidation, including Foshan Weida Optoelectronic Materials Co., Ltd. (**51.22% owned**) and Guangdong Hejie International Supply Chain Co., Ltd. (**55% owned**)[553](index=553&type=chunk) - Significant associate Foshan DuPont Hongji Film Co., Ltd. (**49% owned**) achieved a net profit of **CNY 21.124 million** in the current reporting period[562](index=562&type=chunk)[565](index=565&type=chunk) [Related Parties and Related Party Transactions](index=125&type=section&id=XII.%20Related%20Parties%20and%20Related%20Party%20Transactions) Guangdong Guangxin Holdings Group Co., Ltd. is the controlling shareholder with a 26.75% stake, and during the period, the company engaged in various routine related-party transactions, primarily sales of products and provision of services to associate Foshan DuPont Hongji Film Co., Ltd. - The controlling shareholder is Guangdong Guangxin Holdings Group Co., Ltd., with a shareholding ratio of **26.75%**[594](index=594&type=chunk) Key Related Party Transactions (Current Period) | Related Party | Related Party Transaction Content | Amount (CNY) | | :--- | :--- | :--- | | Foshan DuPont Hongji Film Co., Ltd | Sales of Products | 33,754,971.77 | | Foshan DuPont Hongji Film Co., Ltd | Provision of Management Services | 2,386,020.65 | | Foshan DuPont Hongji Film Co., Ltd | Lease of Houses and Buildings | 6,050,024.97 | [Supplementary Information](index=142&type=section&id=XVIII.%20Supplementary%20Information) This chapter provides a detailed statement of non-recurring gains and losses, along with supplementary financial indicators such as return on net assets and earnings per share, showing total non-recurring gains and losses of CNY 7.3824 million and a weighted average return on net assets of 2.42% after deducting non-recurring items - Total non-recurring gains and losses for the current period amounted to **CNY 7,382,407.13**, primarily comprising government grants and gains from transactional financial assets[698](index=698&type=chunk)[699](index=699&type=chunk) Return on Net Assets and Earnings Per Share | Profit for the Period | Weighted Average Return on Net Assets | Basic Earnings Per Share (CNY/share) | | :--- | :--- | :--- | | Net Profit Attributable to Common Shareholders of the Company | 2.72% | 0.0706 | | Net Profit Attributable to Common Shareholders of the Company (Excluding Non-Recurring Items) | 2.42% | 0.0630 |