1 证券代码：002428 证券简称：云南锗业 云南临沧鑫圆锗业股份有限公司 投资者关系活动记录表 编号：2021-004 | --- | --- | --- | |--------------|------------------------------------|------------------------------------------------| | | | | | 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 | | 参与单位名称 | 云南迈隆投资管理有限公司：刘锡标； | | | 及人员姓名 | 厦门璐博投资管理有限公司：郑学军； | | | | 上海怡勤投资管理有限公司：喻亚兴； | | | | | 河南粒子私募基金管理有限公司：孙祥祥、闫慧芳； | | | 上海千波资产管理有限公司：束其全； | | | | 温州艾姆凯国际贸易公司：张高选； | | | | | 深圳市北极星光资产管理有限公司：李晶； | | | 福建善敏投资有限公司：高春丽； | | ...

1 证券代码：002428 证券简称：云南锗业 云南临沧鑫圆锗业股份有限公司 投资者关系活动记录表 编号：2021-005 | --- | --- | --- | |--------------|--------------------------------|----------------------------------------------------------------| | | | | | 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 | | 参与单位名称 | | 太平洋证券股份有限公司：杨云生、李帅华、胡梅华、孙俊、范广权、 | | 及人员姓名 | | 张子豪、赵捷荣、马毅、吴鹏、黎晔、张峥、朱世法； | | | | 云南卓晔投资管理有限公司：张帅； | | | | 陕西金控创新投资管理有限公司：杨斌； | | | 青骊资产管理有限公司：李梦窈； | | | | 歌斐资产管理有限公司：汪庆祥； | | | | 云南创景投资有限公司：李维明； | | | | ...

证券代码：002428 证券简称：云南锗业 1 云南临沧鑫圆锗业股份有限公司 投资者关系活动记录表 编号：2022-001 | --- | --- | --- | |--------------|------------------------------------|----------------------------------------------------------------| | | | | | 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 | | 参与单位名称 | | 国泰君安证券股份有限公司：董明斌、洪宜峰、李亮亮； | | 及人员姓名 | | 上海泊通投资管理有限公司：泸洋、蔡凯； | | | 华泰柏瑞基金管理有限公司：何静； | | | | 汇丰晋信基金管理有限公司：陶雨涛； | | | | 金鹰基金管理有限公司：周雅雯； | | | | 万家基金管理有限公司：董嘉艺； | | | | 中海基金管理有限公司：马涛。 | | | 时间 2022 | ...

1 证券代码：002428 证券简称：云南锗业 云南临沧鑫圆锗业股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |--------------|---------------------------------------------------------------|----------------------------------------------------------------| | | | | | 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 | | 参与单位名称 | 参与 " 2022 | 年云南辖区上市公司投资者网上集体接待日暨集体业绩说 | | 及人员姓名 | 明会"的投资者 | | | 时间 2022 | 年 5 月 19 日 | | | | 地点 "全景•路演天下"网站（ 财经、全景路演 APP | http://rs.p5w.net/ ）、微信公众号：全景 | | | | | | 上市公司接待 ...

证券代码：002428 证券简称：云南锗业 编号：2022-004 云南临沧鑫圆锗业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------| | | | | | 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 | | 参与单位名称 | 华安证券股份有限公司：徐峰； | | | 及人员姓名 | 四川汇源医疗设备有限公司：施燕。 | 华泰证券股份有限公司云南分公司：尹天水、刘娇； | | 时间 2022 | 年 7 月 1 日 | | | | | 地点 ...

证券代码：002428 证券简称：云南锗业 编号：2022-005 云南临沧鑫圆锗业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------------------------------------|--------------------------------------------------------------------| | | | | | 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 | | 参与单位名称 | | 中信建投证券股份有限公司：王介超、覃静 | | 及人员姓名 | 天弘基金管理有限公司：耿浩然 | | | | 大成基金管理有限公司：张家旺 | | | | 上海恒西投资管理有限公司：方草 | | | | | 上海光大证券资产管理有限公司：孟祥飞 | | | 长江证券股份有限公司：王旺 | | | | 建信理财有限责任公司：杨璇 | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥101,726,790.10, a decrease of 26.96% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was -¥19,310,416.03, representing a decline of 425.79% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥26,634,084.39, down 257.90% from the previous year[7]. - The basic earnings per share for Q3 2022 was -¥0.030, a decline of 400.00% compared to the same period last year[7]. - The net profit for the third quarter was 687,649.51, a decrease from 25,228,058.80 in the previous year[51]. - The total comprehensive income attributable to the parent company was -7,039,864.53, compared to 15,363,535.81 in the same period last year[51]. - The basic and diluted earnings per share were both -0.011, down from 0.024 in the previous year[51]. Cash Flow - The company's cash flow from operating activities was -¥14,755,071.85, a decrease of 241.29% year-on-year[7]. - Net cash flow from operating activities decreased by 241.29% to -CNY 14,755,071.85, primarily due to a reduction in government subsidies received[32]. - Cash flow from operating activities showed a net outflow of -14,755,071.85, compared to a net inflow of 10,442,876.90 in the previous year[52]. - Cash inflow from investment activities totaled 742,452.11, significantly up from 17,000.00 in the previous year[55]. - Cash flow from financing activities generated a net inflow of 162,680,488.30, compared to 30,039,994.51 in the previous year[55]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,489,499,531.22, an increase of 5.99% compared to the end of the previous year[7]. - Total assets amounted to CNY 2,489,499,531.22, compared to CNY 2,348,876,914.48 at the start of the year, representing a growth of 6%[44]. - The company's total liabilities increased to CNY 943,743,783.92, up from CNY 803,665,904.43, reflecting a rise of 17.4%[41]. - Total liabilities increased by 37.02%, with long-term borrowings rising by CNY 45 million due to new loans taken by a subsidiary[23]. Revenue and Costs - Operating revenue for the first nine months of 2022 was CNY 412,499,097.55, an increase of 8.82% compared to CNY 379,066,919.48 in the same period of 2021[25]. - Total operating revenue for Q3 2022 reached CNY 412,499,097.55, an increase of 8.3% compared to CNY 379,066,919.48 in the same period last year[45]. - Operating costs increased by 11.00% to CNY 344,275,731.43, primarily due to a rise in unit costs and changes in sales volume structure[25][26]. - Total operating costs for Q3 2022 were CNY 439,490,776.77, up from CNY 408,198,865.21, reflecting a year-over-year increase of 7.6%[45]. - Sales expenses rose by 30.48% to CNY 6,218,279.89, attributed to increased advertising and transportation costs due to higher revenue[26]. Research and Development - The company reported a significant increase in development expenditures by 766.77%, primarily due to ongoing research projects in key technologies for various applications[19]. - Research and development expenses for Q3 2022 were CNY 17,183,337.78, a decrease of 23.5% from CNY 22,490,373.57 in the previous year[45]. Shareholder Information - The company had a total of 60,921 common shareholders at the end of the reporting period[36]. - The total equity attributable to shareholders of the parent company was CNY 1,462,862,139.29, slightly down from CNY 1,470,134,036.90[44]. Other Financial Metrics - The gross profit margin for the reporting period was 16.54%, a decrease of 1.64 percentage points year-on-year[14]. - The company reported a decrease in contract liabilities by 77.83%, indicating a reduction in the amount of signed contract liabilities during the period[20]. - Other payables increased by 55.97% due to government subsidies received for technology research[23]. - Other current liabilities decreased by 99.90%, mainly due to the reversal of bills that did not meet termination confirmation conditions[23]. - The company's cash and cash equivalents increased to CNY 173,387,656.80 as of September 30, 2022, compared to CNY 109,933,763.94 at the beginning of the year, marking a growth of 57.7%[38]. - Inventory levels rose to CNY 469,019,410.08, up from CNY 437,686,047.72, indicating an increase of 7.1%[41].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥310,772,307.45, representing a 29.60% increase compared to ¥239,788,840.60 in the same period last year[26]. - The net profit attributable to shareholders of the listed company decreased by 35.54% to ¥12,270,551.50 from ¥19,036,154.86 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was ¥739,695.95, a significant increase of 117.55% compared to a loss of ¥4,215,771.29 in the previous year[26]. - The net cash flow from operating activities was ¥29,505,647.62, down 67.16% from ¥89,842,683.18 in the same period last year[26]. - Total assets at the end of the reporting period were ¥2,412,028,110.17, an increase of 2.69% from ¥2,348,876,914.48 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company increased by 0.85% to ¥1,482,634,105.24 from ¥1,470,134,036.90 at the end of the previous year[26]. - Basic earnings per share decreased by 34.48% to ¥0.019 from ¥0.029 in the same period last year[26]. - The weighted average return on net assets was 0.83%, down from 1.30% in the previous year[26]. Revenue Sources - The revenue from material-grade germanium products increased by 63.68% to CNY 124,490,101.23, with a gross profit margin of 15.76%[57]. - The revenue from compound semiconductor materials grew by 80.67% to CNY 53,599,598.12, although the gross profit margin decreased by 9.89%[57]. - The revenue from fiber-grade germanium products surged by 87.38% to CNY 54,046,882.27, with a gross profit margin of 17.84%[57]. - The company’s revenue is significantly influenced by germanium prices, with material-grade germanium products being the largest revenue source[41]. Production and Operations - The company produced 16.84 tons of material-grade germanium products and 12.08 million pieces of photovoltaic-grade germanium products during the reporting period[37]. - The production of infrared-grade germanium products decreased significantly, while the sales of germanium lenses increased, leading to an overall decline in sales volume but an increase in gross margin[39]. - The company has experienced an increase in production of fiber-grade germanium products due to a recovery in downstream market demand[37]. - The production of compound semiconductor materials has begun, with the company gradually increasing output after customer certification[37]. Research and Development - The company has a strong research and development capability, having undertaken over 30 national and provincial-level projects and holding 135 authorized patents[49]. - Research and development investment reached CNY 42,266,922.99, a significant increase of 157.01% compared to CNY 16,445,555.78 in the previous year, driven by multiple key technology research projects[51]. - The company aims to expand its market presence and enhance profitability through the development of compound semiconductor materials and deep-processing products[46]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[100]. - The total discharge of COD was 0.1 tons, with a concentration of 14.7 mg/L at the discharge outlet[100]. - The company executed wastewater discharge standards according to GB/T 31962-2015 and GB8978-1996[100]. - The company has implemented a comprehensive wastewater treatment process to meet discharge standards[110]. - The company has reported no production activities in 2022, resulting in zero emissions from certain facilities[110]. - The company has achieved all environmental protection indicators in accordance with national and local standards, emphasizing the importance of environmental protection among employees[141]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[95]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[96]. - The annual shareholders meeting had a participation rate of 25.69% on April 28, 2022[93]. - The company has committed to avoiding any competition with its major business activities[150]. - The actual controller and shareholders have fulfilled their commitments regarding share transfer restrictions and avoiding competition with the company[148]. Financial Management - The company provided guarantees for its subsidiaries' loans amounting to 80 million yuan and 90 million yuan, with a loan term of 5 years[168]. - The company approved a loan application of RMB 65 million from China Agricultural Bank, secured by mining rights and real estate, with a one-year term[169]. - The company applied for a comprehensive credit line of RMB 238 million from Guangfa Bank, with a one-year validity, and provided real estate as collateral[174]. - The total external guarantee amount approved during the reporting period is 0[197]. - There are no guarantees provided to related parties[197]. Risk Factors - The company faces risks related to price fluctuations and customer concentration, which could adversely affect its production and operations[83]. - The company is experiencing increased competition in the compound semiconductor materials sector, which may lead to price declines if not effectively managed[83]. - The company has seen a gradual decrease in customer concentration, but it remains relatively high, posing a risk to revenue stability[83]. Social Responsibility - The company actively participates in social welfare initiatives, supporting local education and infrastructure development[143]. - The company has implemented measures to ensure employee health and safety during the COVID-19 pandemic, following government guidelines[144].

Revenue and Profit - The company's revenue for Q1 2022 was ¥150,700,459.86, representing a 37.91% increase compared to ¥109,278,181.93 in the same period last year[8] - Net profit attributable to shareholders decreased by 43.72% to ¥8,735,778.55 from ¥15,522,585.11 year-on-year[10] - The total comprehensive income attributable to the parent company's owners was 8,735,778.55, compared to 15,522,585.11 in the previous period, reflecting a decrease of approximately 43.3%[48] - Net profit for the current period was CNY 15,136,535.65, compared to CNY 20,683,773.89 in the previous period, reflecting a decrease of approximately 26.8%[44] Cash Flow - Operating cash flow decreased significantly by 96.78% to ¥2,437,457.55 from ¥75,766,036.68 in the same period last year[8] - Net cash flow from operating activities dropped by 96.78% compared to the same period last year, mainly attributed to the decrease in government subsidies[25] - Cash inflow from operating activities totaled 183,450,421.11, compared to 262,035,370.01 in the previous period, representing a decrease of about 30%[52] - The cash outflow from operating activities was 181,012,963.56, slightly lower than 186,269,333.33 in the previous period, showing a decrease of approximately 2.4%[52] - The cash flow from financing activities generated a net amount of 44,197,831.44, compared to 6,052,750.85 in the previous period, indicating a substantial increase[55] Assets and Liabilities - The company's total assets increased by 1.82% to ¥2,391,712,880.27 from ¥2,348,876,914.48 at the end of the previous year[8] - Total liabilities increased to CNY 831,280,584.58 from CNY 803,665,904.43, which is an increase of about 3.4%[40] - Non-current liabilities totaled CNY 378,470,628.89, up from CNY 318,317,465.58, indicating a growth of approximately 18.9%[40] - The company's total equity increased to CNY 1,560,432,295.69 from CNY 1,545,211,010.05, reflecting a growth of approximately 1.0%[40] Expenses - The gross profit margin increased by 88.74%, while operating profit decreased by 15.09% due to rising operating expenses[9] - The company reported a 266.90% increase in income tax expenses, amounting to ¥1,630,923.63, due to higher taxable income[23] - Total operating costs amounted to CNY 145,422,548.43, up from CNY 117,230,160.36, indicating a rise of about 24.0%[41] - Research and development expenses increased by 18.12%, reflecting ongoing projects in solar cell technology[9] - Research and development expenses increased to CNY 6,106,625.87 from CNY 4,987,491.25, marking a rise of about 22.5%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 57,887, with the top ten shareholders holding a combined 20.01% of shares[27] - The largest shareholder, Lincang Feixiang Smelting Co., Ltd., holds 13.72% of shares, with 42,400,000 shares pledged[27] Inventory and Cash Equivalents - Cash and cash equivalents at the end of the reporting period were ¥124,438,269.01, compared to ¥109,933,763.94 at the beginning of the year[34] - Inventory increased to ¥458,255,988.36 from ¥437,686,047.72 at the beginning of the year[34] - The company's cash and cash equivalents decreased, impacting liquidity, with short-term borrowings at CNY 327,070,437.87, down from CNY 339,986,834.43[40] - The cash and cash equivalents at the end of the period amounted to 61,984,963.90, down from 169,754,020.17 in the previous period, reflecting a decrease of approximately 63.5%[55]

Financial Performance - The company's operating revenue for 2021 was ¥556,481,927.27, a decrease of 16.95% compared to ¥670,039,629.14 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥13,961,935.98, down 38.31% from ¥22,632,038.83 in 2020[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥26,030,745.50, a significant decline of 3,280.62% compared to -¥770,000.05 in 2020[27]. - The net cash flow from operating activities was ¥112,514,113.01, a decrease of 9.82% from ¥124,771,164.47 in 2020[27]. - Basic earnings per share for 2021 were ¥0.02, a decrease of 50.00% from ¥0.04 in 2020[27]. - The weighted average return on equity for 2021 was 0.95%, down from 1.57% in 2020[27]. - The total operating revenue for 2021 was ¥556,481,927.27, a decrease of 16.95% compared to ¥670,039,629.14 in 2020[76]. - The net profit attributable to the parent company was approximately ¥13.96 million, down 38.31% from ¥22.63 million in 2020[59]. Assets and Liabilities - The total assets at the end of 2021 were ¥2,348,876,914.48, an increase of 5.86% from ¥2,218,799,682.21 at the end of 2020[27]. - The net assets attributable to shareholders at the end of 2021 were ¥1,470,134,036.90, up 1.03% from ¥1,455,083,196.48 at the end of 2020[27]. - The company's inventory increased by 42.64% year-on-year, with raw material inventory rising by 49.42% to mitigate the impact of rising raw material prices[118]. - Fixed assets at year-end amounted to 1,037,753,463.24 yuan, representing 44.18% of total assets, a decrease of 4.47% compared to the beginning of the year[118]. Revenue Sources and Product Performance - The sales revenue from material-grade germanium products remains the largest source of income, but the company is shifting focus towards downstream processing products[48]. - The revenue from material-grade germanium products increased by 56.27% to ¥237,935,882.70, accounting for 42.76% of total revenue[76]. - The company produced 34.25 tons of material-grade germanium products and 5.72 tons of infrared-grade germanium products, along with 20,000 photovoltaic-grade germanium wafers[66]. - The sales volume of material-grade germanium products increased by 26.72% year-on-year, reaching 33,795.52 kg, while production volume rose by 17.39% to 34,246.43 kg[92]. - The production volume of photovoltaic-grade germanium products decreased by 30.29% year-on-year, totaling 244,781 pieces (equivalent to 4 inches), due to a delay in a major customer's procurement plan[84]. Market and Industry Trends - The domestic fiber optic market showed signs of recovery in the second half of the year, increasing demand for germanium metal[42]. - The global consumption of germanium increased in 2021, driven by demand in infrared optics, fiber optics, electronics, and photovoltaics, with a notable recovery in the second half of the year[141]. - The company anticipates continued growth in the demand for germanium products, particularly in the solar energy sector, due to the rising need for satellite solar cells[145]. - The competitive landscape for germanium is expected to strengthen, with increasing demand from both military and civilian markets, despite potential short-term fluctuations in market demand[146]. Research and Development - The company increased R&D investment to CNY 42,857,205.89 in 2021, a 65.47% increase from CNY 25,901,051.29 in 2020, representing 7.70% of operating revenue[109]. - The company is developing high-purity germanium production technology to meet various fiber optic customer needs[101]. - The company completed the design and construction of an 8-inch solar cell-grade germanium single crystal pilot line, achieving key technical indicators[109]. - The company has initiated the closure of the Meizijinqing mine in compliance with national policies, which had a proven reserve of 76.36 tons of germanium metal[43]. Operational Challenges and Risks - The company faces price risk and customer concentration risk, with a high customer concentration still present despite a gradual decrease in recent years[167]. - The compound semiconductor materials require strict customer certification, which can take several months to over a year, potentially impacting sales if certifications are delayed[170]. - The company is exposed to product quality risks due to the complex growth environment of compound semiconductor crystals, which may lead to increased production costs and customer dissatisfaction[171]. - Environmental regulations are becoming stricter, increasing the operational pressure on the company to enhance its environmental protection measures and potentially raising costs[173]. Corporate Governance and Management - The board of directors consists of nine members, including three independent directors, ensuring compliance with legal requirements[189]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finance[197]. - The company has established a fair and transparent employee performance evaluation and incentive mechanism[193]. - The company strictly follows information disclosure regulations, ensuring timely and accurate information dissemination[195].