Group 1: Company Overview and Product Applications - The company primarily produces lithium manganese oxide (LMO) products, which are mainly used in power and low-speed power batteries [1] - In 2022, the overall shipment of manganese oxide was approximately 70,460 tons, with production and sales being basically balanced [1] Group 2: Market Conditions and Demand - The high prices of raw materials, particularly lithium carbonate, have led to a significant increase in LMO prices, reducing its cost-effectiveness in the low-speed electric vehicle sector [1] - Economic downturns have weakened consumer market demand, resulting in decreased downstream demand for LMO [1] - Following the rationalization of lithium carbonate prices, the competitiveness of lithium battery anodes is expected to improve, enhancing the cost-performance advantage of LMO [1] Group 3: Production Capacity and Resources - The current annual production capacity for manganese tetroxide is 10,000 tons [2] - The company holds mining rights for a manganese mine in Hunan, which is currently resuming production, and is actively seeking other quality manganese resources [2] Group 4: Export and Revenue - In 2022, the export revenue from electrolytic manganese dioxide accounted for 15.5% of its total sales revenue [2]

| 投资者关系活动类 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | 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） | | 活动参与人员 | 线上参与公司2022年度业绩说明会的投资者 | | | 公司接待人员： | | | 董事长 刘干江先生 | | | 董事兼总经理 龙绍飞先生 | | | 董事、副总经理兼董事会秘书 贺娟女士 | | | 财务总监 张伏林先生 | | | 独立董事 周波女士 | | 时间 | 2023年05月15日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 形式 | 网络互动 | | 交流内容及具体问 | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、公司目前电解二氧化锰产能多少？今年新增多少产能？ | | | 答：目前产能12.2万吨，今年未新增产能。 | | | 2、公司产品下游主要应用在哪些方面？今年下游的景气 | | | 度，以及碳酸锂的价格的展望，领导您持有怎么样 ...

湘潭电化科技股份有限公司 证券代码：002125 证券简称：湘潭电化 公告编码：2023-024 投 资 者 可 于 2023 年 5 月 15 日 （ 星 期 一 ） 15:00-17:00 通 过 网 址 https://eseb.cn/14z7swM9J0k或使用微信扫描以下小程序码进入，参 与互动交流。 关于举办2022年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 湘潭电化科技股份有限公司（以下简称"公司"）已于2023年4月25日在巨 潮资讯网上披露了《2022年年度报告》。为便于广大投资者更加全面深入地了 解公司经营情况及未来发展战略，公司定于2023年5月15日举办2022年度网上业 绩说明会，具体情况如下： 一、业绩说明会的安排 1、会议召开时间：2023年5月15日（星期一）15:00-17:00 2、会议召开方式：网络互动方式 3、会议召开地点：价值在线（www.ir-online.cn） 4、出席本次说明会的人员有：公司董事长刘干江先生，董事兼总经理龙绍 飞先生，董事、副总经理兼董事会秘书贺娟女士，财务总监张伏林 ...

Financial Performance - Revenue for Q1 2023 was CNY 464.22 million, an increase of 6.16% compared to CNY 437.29 million in the same period last year[4] - Net profit attributable to shareholders decreased by 71.27% to CNY 40.44 million from CNY 140.78 million year-on-year[4] - Net profit after deducting non-recurring gains and losses fell by 79.90% to CNY 27.84 million compared to CNY 138.47 million in the previous year[4] - Basic and diluted earnings per share dropped by 72.73% to CNY 0.06 from CNY 0.22 year-on-year[4] - Net profit decreased by 72.99% year-on-year, primarily due to reduced investment income from associates, lower average selling prices of lithium manganese oxide products, decreased sales volume of electrolytic manganese dioxide, and increased management costs due to production stoppage during the Spring Festival[12] - Total operating revenue for Q1 2023 was CNY 464,219,545.45, an increase of 6.4% compared to CNY 437,286,057.48 in Q1 2022[22] - Net profit for Q1 2023 was CNY 39,958,522.62, a decrease of 73.0% from CNY 147,919,715.95 in Q1 2022[23] - The total comprehensive income for the first quarter of 2023 was CNY 39,958,522.62, compared to CNY 147,919,715.95 in the same period last year[24] Cash Flow and Liquidity - Operating cash flow decreased by 20.67% to CNY 15.35 million from CNY 19.35 million in the same period last year[4] - Cash and cash equivalents increased by 74.03% to CNY 146.07 million compared to CNY 83.93 million in the previous year[8] - Cash and cash equivalents increased to ¥421,225,562.64 from ¥284,735,935.17 at the beginning of the year, indicating improved liquidity[18] - The cash flow impact from exchange rate changes increased by 38.87% year-on-year, highlighting the influence of currency fluctuations on cash and cash equivalents[12] - The net cash flow from operating activities was CNY 15,353,435.59, down from CNY 19,352,843.68 year-on-year, indicating a decrease of approximately 21%[26] - The cash inflow from operating activities totaled CNY 384,028,572.75, slightly lower than CNY 393,383,759.99 in the previous year[26] - The cash outflow from operating activities was CNY 368,675,137.16, compared to CNY 374,030,916.31 in the same period last year[26] - The net cash flow from investing activities was -CNY 5,862,403.38, a significant improvement from -CNY 71,845,492.10 in the previous year[26] - The cash inflow from financing activities was CNY 405,600,000.00, down from CNY 620,775,305.58 year-on-year[26] - The cash outflow from financing activities totaled CNY 268,782,716.74, compared to CNY 483,961,084.39 in the same period last year[26] - The ending cash and cash equivalents balance was CNY 350,065,659.87, an increase from CNY 280,321,524.78 year-on-year[26] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 5.13 billion, a slight decrease of 0.12% from CNY 5.13 billion at the end of the previous year[4] - Current liabilities decreased to CNY 1,388,768,016.95 from CNY 1,693,528,592.95 in the previous quarter, a reduction of 18.0%[20] - Long-term borrowings increased to CNY 1,009,304,211.58, up from CNY 897,092,583.69, reflecting a growth of 12.5%[20] - The company's total assets amounted to CNY 5,128,319,012.19, slightly down from CNY 5,134,447,718.55 at the end of the previous quarter[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 58,719, with no preferred shareholders restoring voting rights[14] - The largest shareholder, Xiangtan Electric Group Co., Ltd., holds 28.59% of shares, amounting to 179,971,473 shares, with 89,890,000 shares pledged[14] - The company has no preferred shareholders as of the reporting period, indicating a focus on common equity financing[16] - The company is actively managing its shareholder structure, with significant stakes held by state-owned entities, ensuring stability in governance[14] Operating Costs and Expenses - Operating costs increased by 35.11% to CNY 379.52 million, primarily due to increased sales of lithium manganese oxide products[9] - Total operating costs rose to CNY 451,524,276.17, up 32.3% from CNY 341,789,825.26 in the previous year[22] - Research and development expenses for Q1 2023 were CNY 9,858,886.45, slightly down from CNY 10,102,988.75 in Q1 2022[23] Investment and Non-Operating Income - Non-operating income surged by 1599.94% to CNY 1.73 million, mainly from the disposal of non-current asset waste income[11] - The company reported an investment income of CNY 21,954,308.41, a significant decrease from CNY 74,734,982.24 in the same period last year[23] Other Information - The company decided to conclude the "Xiangtan Electric New Energy Materials Research Institute Construction Project" and permanently supplement working capital with surplus raised funds of ¥40.1298 million[16] - The company reported a decrease in accounts receivable from ¥412,016,842.05 to ¥369,340,469.90, reflecting improved collection efficiency[18] - The company did not undergo an audit for the first quarter report[27]

Financial Performance - The company's operating revenue for 2022 was ¥2,100,302,864.42, representing a 12.22% increase compared to ¥1,871,534,201.90 in 2021[18] - The net profit attributable to shareholders for 2022 was ¥394,115,452.34, a significant increase of 65.76% from ¥237,759,714.49 in 2021[18] - The basic earnings per share for 2022 was ¥0.63, up 65.79% from ¥0.38 in 2021[18] - The cash flow from operating activities for 2022 was ¥240,713,079.28, reflecting a 114.51% increase compared to ¥112,215,039.99 in 2021[18] - The total assets at the end of 2022 amounted to ¥5,134,447,718.55, an increase of 14.53% from ¥4,482,952,930.87 at the end of 2021[18] - The net assets attributable to shareholders at the end of 2022 were ¥2,361,949,887.21, an 18.42% increase from ¥1,994,632,130.55 at the end of 2021[18] - The company reported a weighted average return on equity of 18.11% for 2022, up from 12.65% in 2021[18] - The net profit after deducting non-recurring gains and losses for 2022 was ¥390,812,087.46, a 102.81% increase from ¥192,700,854.40 in 2021[18] Revenue Breakdown - The company's total revenue for Q4 2022 was approximately ¥757.51 million, showing a significant increase compared to Q3 2022's ¥426.35 million[22] - The battery materials sector generated ¥1,807,365,161.72, accounting for 86.05% of total revenue, with a growth of 41.09% from ¥1,281,032,423.12 in 2021[47] - The sales revenue of lithium manganese oxide reached CNY 456.54 million, a significant increase of 711.04% year-on-year, driven by increased sales volume and higher selling prices due to rising raw material costs[41] - Revenue from the wastewater treatment sector decreased by 6.46% to ¥120,951,543.48, with a gross margin of 38.49%[50] - The company’s revenue from the Guangxi region increased by 57.78% to ¥1,085,587,352.60, while revenue from Hunan decreased by 14.26% to ¥1,014,715,511.82[48] Production and Capacity - The company reported a total of 272.75 billion units of carbon and alkaline zinc-manganese batteries exported in 2022, a year-on-year decrease of 5.96%[28] - The output of manganese acid lithium in 2022 was 70,000 tons, representing a year-on-year decline of 37%[29] - The company has an annual production capacity of 122,000 tons for electrolytic manganese dioxide, ranking among the top in the industry[28] - The lithium manganese oxide production line has a designed capacity of 20,000 tons, with a current utilization rate of 39.32%[36] - The company has completed the construction of a 20,000-ton lithium manganese oxide production line, with equipment installation ongoing for a second line[36] Research and Development - The company has obtained 5 invention patents and 24 utility model patents related to electrolytic manganese dioxide, enhancing its R&D capabilities[34] - The company maintains a strong technical R&D team with extensive industry experience, ensuring continuous innovation and product development[38] - The company emphasizes technological innovation, having established a new energy materials research institute and deepened cooperation with universities for research and development[44] - The company’s R&D investment increased by 25.44% to ¥86,217,702.03 in 2022, representing 4.11% of total revenue, up from 3.67% in 2021[62] Environmental Management - The company is classified as a key pollutant discharge unit, adhering to multiple environmental protection laws and standards during its operations[159] - The company reported a total emission of 3.933 tons of sulfur dioxide and 3.828 tons of particulate matter, both within the industry emission standards[161] - The company has made significant investments in pollution control technologies, including desulfurization and denitrification systems[165] - The company has implemented measures to reduce carbon emissions, including optimizing production processes and collaborating with photovoltaic power operators to establish distributed solar power stations[173] Strategic Initiatives - The company plans to expand its market presence and enhance product offerings, focusing on new technologies and product development[52] - The company is focused on expanding its production capacity for lithium battery materials, with a target of 1 million tons per year[77] - The company is exploring potential mergers and acquisitions to bolster its market position[195] - The company aims to enhance employee training and welfare, focusing on improving the overall work environment[176] Governance and Compliance - The company has established a robust corporate governance structure to protect the rights of shareholders and creditors, ensuring timely and accurate information disclosure[174] - The company maintained a 100% response rate to investor inquiries through the Shenzhen Stock Exchange interactive platform, addressing 222 questions throughout the year[116] - The company has a complete and independent R&D, supply, production, and sales system, ensuring no asset or fund occupation by the controlling shareholder[117] - The company has committed to resolving potential industry competition by ensuring fair transfer of mining rights from the controlling shareholder when conditions are met[118] Employee and Community Engagement - The total number of employees at the end of the reporting period was 1,051, with 810 at the parent company and 241 at major subsidiaries[145] - The company has established a robust internal control system to ensure compliance, asset security, and the accuracy of financial reporting[153] - The company actively participates in social welfare initiatives, including support for disabled individuals and elderly workers in need[176] - A total of CNY 766,500 was contributed to local villages for poverty alleviation and rural revitalization efforts during the reporting period[177]

Group 1: Industry Overview - The electrolytic manganese dioxide (EMD) industry is currently sluggish, with intense market competition, but there is a growing demand for EMD used in secondary batteries, such as lithium manganese oxide [1][2] - The company primarily produces EMD for primary batteries, but is shifting focus towards EMD for secondary batteries to align with industry trends [2] Group 2: Strategic Planning - The company is collaborating with downstream customers to develop EMD products for secondary batteries, enhancing its competitive edge and solidifying its market position [2] - The company plans to leverage its resources and advantages as a listed entity to deepen its involvement in the manganese industry and expand market share [2] Group 3: Environmental Initiatives - The acquisition of a wastewater treatment company has been completed, marking the company's entry into the environmental sector, with plans to integrate additional wastewater treatment enterprises in the region as conditions mature [2][3] - The environmental sector is expected to gradually increase its share in the company's main business, achieving a "dual-wheel drive" for core operations [2] Group 4: Production Capacity and Infrastructure - The new EMD production line at the new base is currently in trial operation, with an annual production capacity of 30,000 tons [2][3] - The relocation of production facilities aims to optimize production processes and improve the company's competitive capabilities [3]

Group 1: Company Overview and Operations - The new base's electrolytic manganese dioxide production line is currently in trial operation, with an annual capacity of 30,000 tons [1] - Some functional departments are still operating at the original site in Zhuzhou Port, while the relocation optimizes production layout and processes, enhancing competitiveness [1][2] Group 2: Strategic Positioning - The company focuses on solidifying its core business while expanding into environmental protection [2] - In 2011, the company acquired operational assets related to manganese mining and processing, improving mechanization and safety, which effectively reduced mining costs [2] Group 3: Environmental Initiatives - The company completed the acquisition of a wastewater treatment company in January 2015, entering the environmental industry [3] - The wastewater treatment company provides stable income, profit, and cash flow, with its effluent quality meeting Class A standards [3] - The company emphasizes environmental management and investment, ensuring compliance with pollution control and resource utilization [4]

Group 1: Company Strategy - The company is implementing a dual-core development strategy focusing on manganese-based new energy battery materials and wastewater treatment industries [2][3] - Plans to expand market share in the manganese industry while exploring new energy battery materials through asset restructuring and self-cultivation [2] - The company has completed the acquisition of a wastewater treatment company, aiming to integrate additional urban wastewater treatment businesses in the future [3] Group 2: Production and Operations - The new production base has successfully relocated and commenced trial production, achieving design-level quality and cost control [3] - The expropriation of the original production base in Zhuzhou Port has begun, but specific timelines and compensation amounts are yet to be determined [3] Group 3: Environmental Industry Development - The company is starting its foray into the environmental industry with wastewater treatment, but future developments may extend beyond this area and the Xiangtan region [3] Group 4: Financing and Employee Incentives - The non-public stock issuance project has been approved by the China Securities Regulatory Commission, pending final approval [4] - Completion of the stock issuance is expected to reduce financial costs and significantly improve the company's debt-to-asset ratio, enhancing financing capabilities [4] - The company emphasizes the importance of talent development and aims to stabilize management and technical teams by allowing employees to share in the company's growth [4]

Group 1: New Energy Battery Materials Development - The company currently produces electrolytic manganese dioxide primarily for primary and secondary battery materials, with a gradual increase in the proportion of secondary battery materials [2] - The company closely monitors the research and application of downstream battery material technologies to seek greater development in the new energy battery materials sector [2] Group 2: Non-Public Stock Issuance - The non-public stock issuance has received formal approval from the China Securities Regulatory Commission, which is significant for the company's future industrial transformation and upgrading [3] Group 3: Wastewater Treatment Acquisition - The revenue from the acquired wastewater treatment company is stable and meets expectations, aligning with the company's "dual-driven" development strategy in the environmental protection industry [3] - The choice to enter the urban wastewater treatment sector is based on its characteristics of government-authorized franchise operations and stable cash flow, which can significantly enhance the company's profits and mitigate industry volatility impacts [3]

Group 1: Investor Relations Activity - The investor relations activity was conducted on June 24, 2015, at the company's fourth-floor conference room [1] - The activity involved representatives from Haitong Securities Co., Ltd. [1] Group 2: Key Discussion Points - The compensation for the relocation of the Zhubu Port production line has not yet been determined [1] - The company's development strategy focuses on dual core businesses: manganese-based new energy battery materials and environmental industries such as wastewater treatment [1]