证券代码：002438 证券简称：江苏神通 江苏神通阀门股份有限公司投资者关系活动记录表 编号：2023-012 □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（电话调研） 参与单位名称及 人员姓名 银华基金、民生机械 时间 2023 年 5 月 16 日 地点 公司会议室 上市公司接待人 副总裁：章其强 员姓名 证券事务代表：陈鸣迪 投资者关系活动 机构投资者就公司生产经营情况、未来发展规划和战略等进行沟 主要内容介绍 通交流。 附件清单（如有） 具体内容详见附件：2023 年 5 月 16 日投资者调研会议记录 日期 2023 年 5 月 16 日 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥497,091,458.19, a decrease of 2.79% compared to ¥511,362,155.88 in the same period last year[12]. - The net profit attributable to shareholders for Q1 2023 was ¥75,969,470.17, representing an increase of 2.94% from ¥73,798,630.36 year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥71,439,637.32, up 6.77% from ¥66,909,397.69 in the previous year[12]. - The net profit attributable to the parent company for the current period is ¥75,969,470.17, compared to ¥73,798,630.36 in the previous period, reflecting an increase of approximately 2.96%[28]. - The total comprehensive income attributable to the parent company is ¥75,969,470.17, consistent with the previous period's figure of ¥73,798,630.36[28]. - The net profit for the first quarter of 2023 was approximately ¥75.97 million, an increase from ¥73.80 million in the same period last year, representing a growth of about 2.9%[48]. - Total profit for the first quarter was approximately ¥87.04 million, slightly up from ¥86.92 million year-over-year, indicating a growth of about 0.1%[48]. - Basic and diluted earnings per share for the first quarter were both ¥0.1497, compared to ¥0.1454 in the previous year, reflecting an increase of 1.5%[51]. Cash Flow and Assets - The net cash flow from operating activities was -¥94,888,134.01, a significant decline of 1,492.92% compared to -¥5,956,863.81 in the same period last year[12]. - Cash and cash equivalents decreased by 43.35% compared to the beginning of the year, primarily due to cash payments for purchasing goods and repaying bank loans[35]. - The total cash inflow from investment activities is ¥242,690,972.87, down from ¥419,083,088.19 in the previous period, reflecting a decrease of approximately 42.00%[32]. - The net cash flow from financing activities is -¥101,056,936.72, compared to ¥510,740,639.74 in the previous period, indicating a significant decline[33]. - Total assets at the end of Q1 2023 were ¥5,620,829,349.40, down 3.09% from ¥5,800,144,112.54 at the end of the previous year[12]. - The company's total current assets decreased to CNY 3,018,839,786.66 from CNY 3,290,468,883.31, a decline of about 8.2%[42]. - The total non-current assets increased to CNY 2,601,989,562.74 from CNY 2,509,675,229.23, reflecting an increase of approximately 3.7%[43]. Liabilities and Equity - The total liabilities decreased to CNY 2,591,417,385.28 from CNY 2,846,701,618.59, a reduction of about 9%[45]. - The equity attributable to shareholders increased by 2.57% to ¥3,029,411,964.12 from ¥2,953,442,493.95 at the end of the previous year[12]. - The company's equity attributable to shareholders rose to CNY 3,029,411,964.12 from CNY 2,953,442,493.95, an increase of about 2.6%[45]. Expenses and Impairments - The company's impairment losses on assets increased by 195.76% year-on-year, primarily due to higher inventory write-downs[7]. - The company reported a 273.12% increase in non-operating expenses year-on-year, attributed to higher charitable donations[7]. - Research and development expenses increased by 44.95% year-on-year, indicating a strong commitment to innovation and product development[36]. - Financial expenses rose to ¥4.06 million from ¥3.62 million, an increase of approximately 12.2%[48]. - The company reported a decrease in tax expenses to ¥11.07 million from ¥13.12 million, a reduction of about 15.6%[48]. - The company reported a 42.43% decrease in taxes and surcharges compared to the same period last year, primarily due to reduced VAT payments[36]. Other Financial Metrics - The company's cash and cash equivalents decreased to CNY 518,496,230.93 from CNY 915,294,699.45, reflecting a decline of approximately 43.4%[42]. - Accounts receivable increased to CNY 953,062,324.29 from CNY 809,092,228.68, representing a growth of about 17.7%[42]. - Inventory rose to CNY 874,206,608.63 from CNY 850,209,157.55, indicating an increase of approximately 2.8%[42]. - The company experienced a notable decrease in credit impairment losses, which improved to -¥3.02 million from -¥8.10 million, indicating a positive change in credit quality[48]. - The operating profit for the first quarter was approximately ¥87.40 million, slightly up from ¥86.97 million, reflecting a growth of about 0.5%[48]. Reporting and Audit - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[55]. - The report was released on April 28, 2023, providing timely insights into the company's financial performance[60].

Operational Achievements - The company’s subsidiary, Ruifan Energy Technology Co., Ltd., has successfully put into operation a 135MW ultra-supercritical gas-fired power generation unit, which has been running continuously for 168 hours[1]. - The company has established a strategic partnership with Hebei Jinxin Steel Group for energy management projects, indicating a focus on market expansion[1]. - Jiangsu Shentong Valve Co., Ltd. is actively involved in technology development and consulting services, enhancing its competitive edge in the valve and energy equipment market[89]. - The company is focusing on expanding its market presence in the renewable energy sector through its subsidiary Nantong Shentong New Energy Technology Co., Ltd., which reported a revenue of CNY 7,237,038.64 million[92]. Financial Performance - Total operating revenue for 2022 was CNY 1,955,053,960.31, an increase from CNY 1,909,723,752.50 in 2021, representing a growth of approximately 2.4%[174]. - Net profit for 2022 was CNY 227,550,314.41, compared to CNY 253,397,358.39 in 2021, reflecting a decrease of approximately 10.2%[177]. - The company reported a significant increase in long-term borrowings, which rose to CNY 514,007,174.19 from CNY 110,000,000.00, indicating a growth of approximately 367.3%[165]. - The total liabilities reached CNY 2,846,701,618.59, up from CNY 1,996,400,294.94, reflecting a rise of approximately 42.7%[167]. Share Capital and Ownership - The company issued 21,781,305 shares of A-shares at a price of RMB 17.01 per share, raising a total of RMB 370,499,998.05, with a net amount of RMB 361,870,676.09 after deducting issuance costs[17]. - The total number of shares increased from 485,756,156 to 507,537,461, with limited shares increasing by 150 and unrestricted shares increasing by 21,781,155[8]. - The largest shareholder, Ningbo Juyuan Ruili Investment Partnership, holds 16.27% of the shares, totaling 82,578,557 shares[54]. - The total number of common shareholders at the end of the reporting period is 21,938, an increase from 19,313 at the end of the previous month[54]. Cash Flow and Investments - Operating cash inflow increased by 7.48% to ¥1,455,893,281.47, while operating cash outflow rose by 4.59% to ¥1,209,052,121.66, resulting in a net cash flow from operating activities of ¥246,841,159.81, up 24.29%[23]. - Investment cash inflow surged by 112.36% to ¥2,314,834,805.69, while investment cash outflow increased by 114.98% to ¥3,174,105,244.91, leading to a net cash flow from investing activities of -¥859,270,439.22, a decline of 122.38%[23]. - The company launched an industrial development fund with a total scale of 100 million yuan, with 80 million yuan contributed by the company, aimed at investing in various projects[146]. - The company invested CNY 1,951,131,225.39 in various projects, which is a significant rise from CNY 621,872,940.05 in the previous year, indicating a growth of 213.5%[190]. Research and Development - The company employed 241 R&D personnel, representing a 3.43% increase from the previous year, with R&D personnel accounting for 15.97% of the total workforce[119]. - Research and development expenses for 2022 were CNY 74,713,036.31, a slight decrease from CNY 79,718,404.02 in 2021, indicating a reduction of about 6.3%[177]. - The company aims to enhance its competitive advantage in environmental protection, energy-saving, and new energy equipment through new technology and product development[101]. Regulatory and Compliance - The audit opinion for the financial statements was a standard unqualified opinion, indicating compliance with accounting standards[112]. - The company has not disclosed any issues regarding the use of raised funds, reflecting compliance with financial regulations[85]. - The company’s high-tech enterprise recognition is expected to enhance its competitive advantage and reduce tax burdens[3]. Subsidiaries and Acquisitions - The company established two subsidiaries: Rizhao Ruifan Energy Equity Investment Partnership and Shentong Semiconductor Technology (Nantong) Co., Ltd., to align with its strategic planning for long-term development[98]. - Jiangsu Shentong Valve Co., Ltd. acquired 100% equity of Wuxi Flange Forging Co., Ltd. through a combination of non-public share issuance and cash payment, completing the transfer by the end of 2015[138]. - The company signed a framework agreement to acquire controlling interest in Dewei Valve Casting (Suzhou) Co., Ltd., combining share acquisition and cash capital increase[102]. Market Outlook - The company anticipates continued growth in the metallurgical industry, driven by increasing demand and competitive dynamics[199]. - The steel industry is a pillar of China's national economy, supporting sustained rapid economic development with abundant steel production capacity[199].

Financial Performance - Jiangsu Shentong's product sales revenue for the year reached CNY 1,955.054 million, which is a key performance indicator for the company[22]. - The company's operating revenue for 2022 was ¥1,158,878,228.62, a slight increase of 1.6% compared to ¥1,143,896,056.51 in 2021[66]. - Operating profit decreased to ¥202,929,677.55 in 2022, down 27.8% from ¥280,903,175.86 in 2021[66]. - The total comprehensive income for the period decreased by CNY 1,516,653.44, resulting in a total of CNY 251,880,704.95[88]. - The profit distribution included a surplus reserve allocation of CNY 25,302,136.18 and a distribution to owners of CNY -24,287,807.80[93]. - The company reported a total of RMB 20.51 million in government subsidies related to its normal business operations for 2022[152]. - The total operating revenue for 2022 was approximately RMB 2.05 billion, with a net profit attributable to shareholders of RMB 227 million, representing a year-on-year increase of 12.5%[149]. Shareholder Information - The company raised a total of RMB 370,499,998.05 through a private placement of 21,781,305 shares at a price of RMB 17.01 per share, with a net amount of RMB 361,870,676.09 after deducting issuance costs[3]. - The total number of shares held by the top 10 unrestricted shareholders includes 82,578,557 shares held by Ningbo Juyuan Ruili Investment Partnership, representing a significant portion of the company's equity[7]. - The company’s actual controller, Han Li, is also the controlling person of the largest shareholder, Ningbo Juyuan Ruili Investment Partnership[9]. - The company’s top 10 unrestricted shareholders do not have any agreed repurchase transactions during the reporting period[9]. Audit and Compliance - The company received a standard unqualified audit opinion from Tianzhi International Accounting Firm for the financial statements as of December 31, 2022[18]. - The company’s financial report was signed off on April 16, 2023, indicating timely compliance with regulatory requirements[18]. - The management is responsible for ensuring the accuracy of financial reporting and compliance with auditing standards[25]. - Jiangsu Shentong's financial statements are subject to audit to provide reasonable assurance that they are free from material misstatement due to fraud or error[25]. Assets and Liabilities - The total assets of the company as of December 31, 2022, amounted to ¥4,228,985,230.53, an increase from ¥3,542,776,356.35 in 2021[61]. - The total current liabilities increased to ¥2,131,477,615.69 in 2022 from ¥1,813,065,963.52 in 2021[59]. - Long-term borrowings rose significantly to ¥514,007,174.19 in 2022 from ¥110,000,000.00 in 2021[59]. - The company’s non-current assets totaled ¥1,810,327,871.37, up from ¥1,442,884,108.30 in the previous year[61]. - The company’s contract liabilities decreased to ¥167,925,439.99 in 2022 from ¥211,670,809.22 in 2021[59]. Research and Development - The company completed the R&D of the nuclear chemical instrument ball valve, aiming to expand the supply range of ball valves[51]. - The number of R&D personnel decreased by 1.46% from 2021 to 2022, with a total of 99 undergraduates and 1 PhD[53]. - Research and development expenses were ¥47,600,883.50 in 2022, a decrease of 10.4% from ¥53,164,429.70 in 2021[66]. - The company has made substantial investments in R&D for high-end products applicable to both nuclear power and military sectors, anticipating significant market opportunities[157]. Market and Future Outlook - The company’s future outlook includes continued focus on product development and market expansion strategies[21]. - The company aims to expand its market share in the energy and petrochemical sectors, focusing on traditional products like butterfly valves and ball valves[159]. - The company plans to actively explore the LNG market, which is expected to have significant growth potential under national environmental strategies[159]. - The company is positioned to benefit from the increasing demand for comprehensive energy services due to the "dual control" policy on energy consumption[161]. Financial Policies and Practices - The company recognizes research and development costs as expenses during the research phase and capitalizes them during the development phase if certain criteria are met[29]. - The company capitalizes interest expenses incurred on specific borrowings for asset construction, deducting any interest income earned on unutilized funds[26]. - The company recognizes financial assets and liabilities upon entering into financial instrument contracts, ensuring proper classification and measurement[126]. - The company measures inventory at the lower of cost and net realizable value, recognizing impairment for inventory when the cost exceeds the net realizable value[191]. Procurement and Supplier Management - The total procurement amount from the top five suppliers is ¥601,419,971.62, accounting for 26.33% of the annual total procurement[49]. - The largest supplier contributed ¥339,791,900.00, representing 14.88% of the annual procurement total[49]. - The company has established a stable procurement channel and a comprehensive supplier management system, ensuring quality control and supplier evaluation[164]. - The company employs a procurement model that combines "production-based ordering" and "appropriate reserves," optimizing inventory management[164]. Risk and Uncertainty - The company acknowledges the uncertainty in achieving future business plans due to market conditions and operational efforts[132]. - The company will recognize any unrealized losses from internal transactions only if there is evidence of asset impairment[119].

证券代码：002438 证券简称：江苏神通 公告编号：2023-024 江苏神通阀门股份有限公司 关于举行 2022 年度网上业绩说明会的通知 本公司及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、误导性陈述或重大遗漏。 江苏神通阀门股份有限公司（以下简称"公司"）2022 年年度报告全文及 摘要已于 2023 年 4 月 18 日刊登于巨潮资讯网、《证券时报》《中国证券报》。 为方便广大股东和投资者特别是中小投资者进一步了解公司 2022 年度生产 经营、产品研发与市场拓展及未来发展战略等情况，公司定于 2023 年 4 月 25 日 （星期二）下午 15:00-17:00 在全景网举行 2022 年度业绩网上说明会，本次年 度业绩说明会将采用网络远程的方式举行，广大投资者可登陆"全景•路演天 下"（http://rs.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩说明会的嘉宾有：董事、总裁吴建新先生、独立董事严骏 先生、副总裁兼董事会秘书章其强先生、财务总监林冬香女士、审计总监洪学超 先生、保荐代表人张翼等。 江苏神通阀门股份有限公司董事会 2023 年 4 月 18 日 ...