证券代码：002028.SZ 证券简称：思源电气 编号：2023-008 | --- | --- | --- | --- | |--------------------|---------------|-------------|--------------| | | ■特定对象调研 | 分析师会议 | □媒体采访 | | 投资者关系活动类别 | □业绩说明会 | □新闻发布会 | 路演活动 | | | □现场参观 | □其他（ | 他活动内容） | 国泰基金、东吴证券、泰康资产、泰康基金、广发基金、诚旸投资、招商电新、招商 参与单位名称 证券、东吴证券、东兴基金、博时基金、华福电新、国信电新、天弘基金、中金电新、 及人员姓名 信达电新、TT 国际、长江电新、沣京资本、光大自营、交银施罗德等 时间 2023 年 7 月 11 日 21:00-22:00 地点 腾讯会议 上市公司接待 人员姓名 财务总监兼董事会秘书 杨哲嵘 一、介绍公司上半年总体情况 公司上半年基本上按预期计划完成了阶段性业绩目标。 2023 年公司营业收入目标增长 20%。上半年公司实现营业总收入 53.03 亿元， 较去年同期增长 22.0 ...

证券代码：002028.SZ 证券简称：思源电气 思源电气股份有限公司投资者关系活动记录表 编号：2023-007 ■特定对象调研 分析师会议 □媒体采访 投资者关系活 □业绩说明会 □新闻发布会 路演活动 动类别 □现场参观 □其他（请文字说明其他活动内容） 国信证券、深圳宽裕资产管理有限公司、中信建投、施罗德基金、国寿养老、兴全基 参与单位名称 金、明涧投资、嘉实基金、UBS、上海保银、中财招商投资集团、人保资产、股东范先 及人员姓名 生、中金公司、长江养老保险股份有限公司 时间 2023 年 6 月 30 日 15:00-16:30 地点 公司会议室 上市公司接待 人员姓名 财务总监兼董事会秘书 杨哲嵘；市场战略部总监 李刚 Q1：2023 年上半年公司订单情况如何？ A1：目前来看，国内市场和海外的订单增速都符合预期并略有超出。 1）国内市场得益于新能源建设、国家电力基建投资等带来的需求量增加 ； 2）海外市场目前中东地区、南美地区增速相对较快。 投资者关系活 动主要内容介 Q2：欧洲电网新能源建设对公司的影响？ 绍 A2：主要从以下几个方面来看： 1）欧洲电网需求较大，新能源市场建设也比较积极，局部 ...

证券代码：002028.SZ 证券简称：思源电气 编号：2023-006 | --- | --- | --- | --- | |--------------------|-----------------------------------|------------------------------------------|----------------------------------| | 动类别投资者关系活 | ■特定对象调研□业绩说明会□现场参观 | 分析师会议□新闻发布会□其他（请文字说明其 | □媒体采访 路演活动 他活动内容） | | 参与单位名称 | 朱雀基金、源峰基金、 | 西部证券、于翼资产 | 中信自营、石峰资产、旌安投资、 | | 及人员姓名 | 正心谷资本、 | 工银安盛、上银基金、 | 公司股东龚某、耿某 | 时间 2023 年 5 月 31 日 10:00-11:30 地点 公司 409 会议室 上市公司接待 | --- | --- | --- | |----------|----------------------|--------| | | 董事会秘书兼财务总监 | 杨 ...

Financial Performance - The company's revenue for Q1 2023 was ¥2,171,977,395.78, representing a 24.88% increase compared to ¥1,739,308,457.30 in the same period last year[3] - Net profit attributable to shareholders was ¥218,414,345.95, up 43.54% from ¥152,165,107.41 year-on-year[3] - Basic and diluted earnings per share increased by 40.00% to ¥0.28 from ¥0.20[3] - The company reported a comprehensive income total of CNY 228,491,092.17 for Q1 2023, compared to CNY 157,314,256.72 in the same quarter last year, an increase of 45.2%[22] - Net profit for Q1 2023 reached CNY 230,091,560.42, representing a 43.3% increase from CNY 160,522,783.71 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was -¥400,352,423.62, an improvement of 9.63% compared to -¥443,010,811.47 in the previous year[3] - Total cash inflow from operating activities is 2,201,541,509.41 CNY, compared to 1,987,554,064.31 CNY in the previous period, reflecting a growth of approximately 10.74%[24] - Cash outflow from operating activities totaled 2,601,893,933.03 CNY, up from 2,430,564,875.78 CNY, indicating an increase of about 7.06%[24] - The ending balance of cash and cash equivalents is 1,520,573,213.20 CNY, up from 1,006,807,366.93 CNY in the previous period[24] - The company received 35,954,655.83 CNY in tax refunds, an increase from 21,473,123.03 CNY in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,520,742,673.67, a decrease of 1.21% from ¥15,710,545,591.09 at the end of the previous year[3] - The total liabilities decreased to CNY 5,829,814,138.89 from CNY 6,274,562,705.66, indicating a reduction of approximately 7.1%[18] - As of March 31, 2023, the total current assets amount to 11,137,055,290.75 RMB, down from 12,073,564,306.50 RMB at the beginning of the year[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,901[11] - The largest shareholder, Dong Zengping, holds 17.07% of shares, totaling 131,444,820 shares[11] - Shareholders' equity attributable to the parent company increased by 2.52% to ¥9,402,269,464.22 from ¥9,170,972,696.01[3] Research and Development - Research and development expenses rose significantly by 63% to ¥163,275,614.05, reflecting the company's commitment to enhancing product development capabilities[8] - The R&D expenses for Q1 2023 amounted to CNY 163,275,614.05, which is a significant increase of 63.8% compared to CNY 99,644,093.17 in Q1 2022[21] Acquisitions and Investments - The company acquired a controlling interest in a subsidiary, resulting in goodwill of ¥806,744,752.84, a 1472.44% increase compared to the previous period[8] - The company has completed the acquisition of 41.1985% equity in Xinjing Carbon Energy Technology Wuxi Co., Ltd., and now holds 51.2000% of the company[13] - The company plans to acquire an additional 19.2194% equity in Xinjing Carbon Energy Technology Wuxi Co., Ltd. for no more than 288.291 million RMB[14] Operating Costs - The total operating costs for Q1 2023 were CNY 1,962,094,100.54, up from CNY 1,562,014,829.25 in the same period last year, reflecting a 25.6% increase[20]

Financial Performance - The company's operating revenue for 2022 was ¥10,537,097,608.15, an increase of 21.18% compared to ¥8,695,335,076.97 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥1,220,411,207.56, reflecting a slight increase of 1.90% from ¥1,197,669,571.59 in 2021[21]. - The net cash flow from operating activities surged by 175.12% to ¥1,054,857,918.15 in 2022, compared to ¥383,411,104.61 in 2021[21]. - The company's total assets at the end of 2022 reached ¥15,710,545,591.09, a 12.91% increase from ¥13,914,411,613.85 at the end of 2021[21]. - The weighted average return on equity decreased to 13.92% in 2022 from 16.10% in 2021, a decline of 2.18%[21]. - The company reported a net profit of ¥152,165,107.41 in Q4 2022, down from ¥434,664,880.28 in Q4 2021[26]. - The company's total revenue for the reporting period reached 10.537 billion yuan, representing a year-on-year growth of 21.18%[43]. - The net profit attributable to shareholders was 1.22 billion yuan, an increase of 1.90% compared to the previous year[43]. - The company secured new orders worth 12.122 billion yuan, marking a growth of 16.91% year-on-year[43]. - The gross profit margin for switch-related products was 26.71%, down 4.81 percentage points from the previous year[49]. Investment and R&D - The company's R&D investment reached 670 million yuan, an increase of 21.00% year-on-year, representing 6.39% of total revenue[50]. - The company is actively exploring the application of power-type energy storage components and developing new technologies in digital grid and power electronics[36]. - The company is developing several new products, including RIP dry-type bushing and Super5000 integrated monitoring systems, aimed at creating new profit growth points[70]. - The company aims to increase R&D investment to develop competitive technology and product platforms, focusing on flexible DC transmission, automotive electronics, and smart operation and maintenance[109]. Market and Operational Strategy - The company plans to focus on the development of a new power system characterized by safety, efficiency, and low carbon emissions, as outlined in the "New Power System Development Blue Paper" released in January 2023[33]. - The company is positioned to benefit from the increasing investment in renewable energy, with wind and solar power generation capacity growing by 11.2% and 28.1% respectively in 2022[34]. - The company is focusing on expanding its market presence in regions with underdeveloped power infrastructure, such as Southeast Asia and Africa[38]. - The company has established subsidiaries in over 70 countries, with foreign exchange hedging strategies in place to mitigate currency risk[113]. - The company faces market risks due to fluctuating raw material prices and intends to improve cost efficiency through process enhancements and long-term supplier relationships[112]. Governance and Compliance - The governance structure of the company complies with relevant laws and regulations, ensuring effective operation of the general meeting, board of directors, and supervisory board[122]. - The company emphasizes the protection of minority shareholders' rights during shareholder meetings, ensuring equal treatment of all shareholders[123]. - The company has implemented internal control measures to enhance operational governance and compliance with regulations[122]. - The company maintains strict compliance with information disclosure regulations, coordinating investor relations and responding to shareholder inquiries[128]. - The internal control self-assessment and audit processes are conducted regularly to maintain high standards of governance[176]. Environmental Compliance - The company has implemented measures to ensure that all emissions are in compliance with the relevant environmental standards[189]. - The company reported a total emission of 6216 kg of particulate matter, which is within the regulatory limits[193]. - The company has successfully managed to keep all reported emissions under the specified limits, indicating effective pollution control measures[193]. - The company achieved a credit rating score of 10 points for environmental compliance[200]. - The company has established emergency response plans for potential environmental incidents, including leaks and fires, with annual drills conducted[199]. Employee and Management - The total number of employees at the end of the reporting period was 6,684, with 2,656 in production, 569 in sales, and 2,979 in technical roles[156]. - The company has implemented a performance-based compensation policy, linking individual bonuses to overall company performance[157]. - The educational background of employees includes 9 with doctoral degrees, 385 with master's degrees, and 2,155 with bachelor's degrees, reflecting a highly educated workforce[156]. - The company has conducted 1,371 training sessions throughout the year, with over 30,000 participants, focusing on various professional development programs[159]. - The company has maintained a consistent management team since its establishment in 1993, with key personnel holding multiple positions in related companies[140].

Financial Performance - Power electronics complete equipment: Revenue of 113.1493 million yuan in the first half of 2014, primarily targeting the non-system market, especially the wind power market [2] - Substation automation and relay protection systems: Revenue of 66.2966 million yuan in the first half of 2014, a year-on-year increase of 59.18%, contributing to profits after market entry [2] - Gas-insulated metal-enclosed switchgear (GIS): New contract orders of 567 million yuan in the first half of 2014, a 56% increase compared to the same period last year [2] Market Expansion - GIS products, particularly 110kV and 220kV GIS, achieved satisfactory market share in State Grid and Southern Grid tenders and entered international markets such as Brazil through overseas sales channels [2] Strategic Decisions - Sale of Pinggao Electric shares: The company announced the sale of available-for-sale financial assets on August 19, 2014, and no longer directly or indirectly held Pinggao Electric shares as of August 18, 2014, based on market conditions and strategic considerations [3] Investor Relations - Investor relations activity involved specific object research with participation from Haitong Securities and Guotai Securities Investment Trust, focusing on the company's production and operation status for the first half of 2014 [2][3]