江苏世纪同仁律师事务所 法律意见书 江苏世纪同仁律师事务所关于 江苏百川高科新材料股份有限公司 2023 年第一次临时股东大会的法律意见书 致：江苏百川高科新材料股份有限公司 根据《中华人民共和国公司法》、《中华人民共和国证券法》和中国证监会 《上市公司股东大会规则》等法律、法规和规范性文件以及公司《章程》的规定， 本所受贵公司董事会的委托，指派本律师出席贵公司 2023 年第一次临时股东大 会，并就本次股东大会的召集、召开程序、出席会议人员资格、召集人资格、表 决程序以及表决结果的合法有效性等事项出具法律意见。 为出具本法律意见书，本律师对本次股东大会所涉及的有关事项进行了审查， 查阅了本律师认为出具法律意见所必须查阅的文件，并对有关问题进行了必要的 核查和验证。 本律师同意将本法律意见书随贵公司本次股东大会决议一并公告，并依法对 本法律意见书承担相应的责任。 本律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业务 标准、道德规范和勤勉尽责精神，出具法律意见如下： 一、关于本次股东大会的召集、召开程序 1、本次股东大会由董事会召集，2023 年 8 月 29 日，贵公司召开第六届董 事会第十八次 ...

证券代码:002455 证券简称:百川股份 公告编号:2023—055 债券代码:127075 债券简称:百川转2 江苏百川高科新材料股份有限公司 2023 年第一次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更以往股东大会已通过决议的情形。 一、会议召开和出席情况 （一）召开情况 1、会议召开时间： ①现场会议召开时间：2023 年 9 月 18 日（星期一）下午 14：00。 ②网络投票的具体时间为：通过深圳证券交易所交易系统进行网络投票的具 体时间为 2023 年 9 月 18 日交易时间，即 9:15—9:25,9:30-11:30 和 13:00— 15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2023 年 9 月 18 日上午 9:15 至下午 3:00 期间任意时间。 通过网络投票的股东 25 人，代表股份 22,272,224 股，占公司有表决权股份 总数的 3.7548％。 2、中小股东出席的总体情况 通过现场和网络投票的中小 ...

证券代码:002455 证券简称:百川股份 公告编号:2023—054 债券代码:127075 债券简称:百川转2 江苏百川高科新材料股份有限公司 关于召开2023年第一次临时股东大会的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 江苏百川高科新材料股份有限公司(以下简称"公司")于2023年8月31日在"巨潮资讯网" （http://www.cninfo.com.cn）、《证券时报》和《中国证券报》上发布了《关于召开2023年第 一次临时股东大会的通知》（公告编号：2023-052)，本次会议将采用现场与网络投票相结合 的方式，为了便于各位股东行使股东大会表决权，保护广大投资者合法权益，现将相关事项再 次通知如下： 一、召开会议的基本情况 1.股东大会届次：2023年第一次临时股东大会。 2.股东大会的召集人：公司董事会，经公司第六届董事会第十八次会议审议通过，同意召 开本次股东大会。 3.会议召开的合法、合规性：本次股东大会会议召开符合有关法律、行政法规、部门规章、 规范性文件和公司章程的规定。 4.会议召开时间： ①现场会议召开时间：202 ...

Financial Performance - The company's non-recurring profit and loss for the first half of 2023 amounted to RMB 8,584,567.91, with other non-operating income and expenses totaling RMB 2,517,433.27[4] - Total operating revenue for the first half of 2023 was RMB 2,081,165,126.24, a slight increase from RMB 2,060,223,072.20 in the same period last year[70] - Total operating costs for the first half of 2023 were RMB 2,170,972,376.91, up from RMB 1,955,082,585.61 in the first half of 2022[70] - Net cash flow from operating activities for the first half of 2023 was RMB 94,908,605.87, a significant improvement from a negative RMB 121,959,634.02 in the same period last year[72] - Net cash flow from financing activities for the first half of 2023 was RMB 104,832,463.05, compared to a negative RMB 5,186,366.50 in the first half of 2022[73] - Revenue for the reporting period was RMB 2.081 billion, a 1.02% increase year-over-year[98] - Operating costs increased by 11.59% to RMB 2.015 billion compared to the same period last year[98] - Net cash flow from operating activities significantly improved to RMB 94.91 million, a 177.82% increase due to reduced cash payments for goods and services[99] - Net cash flow from financing activities decreased by 30.49% to RMB 899.59 million, primarily due to increased debt repayments[99] - Revenue from the new energy sector surged by 145.96% to RMB 435.60 million, accounting for 20.93% of total revenue[100] - Domestic sales increased by 14.60% to RMB 1.617 billion, while international sales decreased by 28.50% to RMB 464.29 million[100] - R&D investment decreased by 18.72% to RMB 42.34 million compared to the same period last year[99] - Net profit for the period was -67,623,780.49 RMB, compared to 93,332,338.23 RMB in the previous period[86] - The company's net profit attributable to shareholders was a loss of RMB 62.9 million, a 158.34% decrease compared to the same period last year[133] - Operating cash flow was RMB 94.9 million, a 177.82% increase compared to the same period last year[133] - Total assets increased by 11.03% to RMB 11.181 billion compared to the end of the previous year[133] - Shareholders' equity decreased by 3.90% to RMB 2.280 billion compared to the end of the previous year[133] - The company's net profit attributable to the parent company's shareholders was -62,903,757.63 yuan, a significant decline from 107,821,285.94 yuan in the previous period[194] - The company's basic earnings per share (EPS) was -0.11 yuan, compared to 0.18 yuan in the previous period[194] - The company's total comprehensive income was -67,602,490.50 yuan, down from 93,358,653.50 yuan in the previous period[194] - Operating cash flow from activities decreased to -46,243,118.11 yuan in the first half of 2023, compared to 13,029,857.30 yuan in the same period last year[196] - Cash received from sales of goods and services dropped to 61,479,384.30 yuan in H1 2023 from 72,895,221.01 yuan in H1 2022[196] - Cash paid for goods and services increased significantly to 102,371,638.46 yuan in H1 2023, up from 52,647,349.23 yuan in H1 2022[196] - Investment activities generated a cash inflow of 4,892,635.00 yuan in H1 2023, primarily from investment recoveries[196] Business Operations - The company operates in three main sectors: fine chemicals, new materials, and new energy, with products widely used in coatings, inks, and energy storage systems[5] - The company's upstream industries include fine chemicals, with key raw materials such as acetic acid, butanol, and methanol, which are influenced by international oil prices[6] - The company has invested RMB 30,011.42 million in a lithium battery material project, with RMB 24,519.89 million replaced by raised funds[10] - The company has implemented energy-saving measures, including upgrading to first-class energy efficiency motors and utilizing membrane technology for water recycling, reducing electricity and water consumption[11] - The company raised a total of 96,200.6 million yuan through the issuance of convertible bonds in 2022, with 21,938.98 million yuan used in the current period and a cumulative usage of 60,072.11 million yuan[16] - The company has no outstanding commitments related to its initial public offering or refinancing, and all commitments have been fulfilled as of the reporting period[12] - The company did not engage in any derivative investments during the reporting period[13] - The company has a strong management team with extensive experience in the chemical industry, supported by advanced management methods such as "6S management"[14] - The company benefits from national policies, including the "14th Five-Year Plan," which promotes non-fossil energy and aims for a 20% share of new energy vehicle sales by 2025[15] - The company has no changes in the use of raised funds during the reporting period[17] - The company did not undergo any environmental penalties during the reporting period[18] - The company's semi-annual financial report was not audited[20] - The company did not engage in any joint external investment-related transactions during the reporting period[21] - The company did not have any leasing activities during the reporting period[23] - The company provided a total guarantee amount of 4,000 million for Nantong Baichuan on March 8, 2023, with a guarantee period of 365 days[24] - Nantong Baichuan received a guarantee of 4,500 million on November 21, 2022, with a guarantee period of 726 days[24] - A guarantee of 1,000 million was issued to Nantong Baichuan on May 18, 2023, with a guarantee period of 365 days[24] - Nantong Baichuan was granted a guarantee of 3,000 million on November 22, 2022, with a guarantee period of 303 days[24] - The company provided a guarantee of 4,400 million to Nantong Baichuan on December 7, 2022, with a guarantee period of 363 days[24] - A guarantee of 4,000 million was issued to Nantong Baichuan on December 9, 2022, with a guarantee period of 363 days[24] - Nantong Baichuan received a guarantee of 3,600 million on December 13, 2022, with a guarantee period of 363 days[24] - The company provided a guarantee of 2,400 million to Nantong Baichuan on December 16, 2022, with a guarantee period of 363 days[24] - A guarantee of 1,600 million was issued to Nantong Baichuan on February 9, 2023, with a guarantee period of 364 days[24] - The company provided a guarantee of 5,300 million to Nantong Baichuan on March 25, 2023, with a guarantee period of 365 days[24] - The company's total guarantee amount approved during the reporting period was 520,360 million yuan, with actual guarantee issuance of 214,100 million yuan[26] - The actual guarantee balance at the end of the reporting period was 454,197.12 million yuan, accounting for 199.23% of the company's net assets[26] - The company's total share capital increased to 593,168,207 shares due to the conversion of "Baichuan Convertible Bonds 2"[32] - The company's largest shareholder, Zheng Tiejian, holds 18.83% of the shares, with 47.8 million shares pledged[33] - The company invested 200 million yuan to increase the registered capital of Ningxia Baichuan New Materials from 1.5 billion yuan to 1.7 billion yuan[28] - The company decided not to lower the conversion price of "Baichuan Convertible Bonds 2" in three separate announcements in April, May, and June 2023[29] - Long-term equity investments increased to RMB 21,376,391.94 from RMB 16,451,610.81[42] - Fixed assets grew to RMB 3,211,203,694.98 from RMB 3,077,143,220.89[42] - Construction in progress rose to RMB 2,871,158,786.46 from RMB 3,889,039,944.93[42] - Intangible assets slightly decreased to RMB 247,806,322.05 from RMB 245,689,385.88[42] - Total non-current assets increased to RMB 7,043,660,904.16 from RMB 7,917,323,007.33[42] - Total assets grew to RMB 10,069,929,518.34 from RMB 11,180,784,771.24[42] - Short-term borrowings increased to RMB 2,423,198,720.72 from RMB 2,866,744,114.91[42] - Accounts payable rose to RMB 1,062,897,010.59 from RMB 1,184,831,197.06[42] - Contract liabilities decreased to RMB 51,067,600.63 from RMB 34,234,255.27[42] - The company received a RMB 20,000 fine for violating the "Pollutant Discharge Permit Management Regulations"[44] - The total approved guarantee quota for subsidiaries during the reporting period was 475,010 thousand RMB, with actual guarantee issuance amounting to 210,600 thousand RMB[52] - The total approved guarantee quota for subsidiaries at the end of the reporting period was 494,810 thousand RMB, with actual guarantee balance totaling 406,848.12 thousand RMB[52] - A significant guarantee of 30,000 thousand RMB was issued on May 21, 2020, with a duration of 2,518 days[52] - A guarantee of 44,055 thousand RMB was issued on May 19, 2021, with a duration of 2,734 days[52] - A guarantee of 14,700 thousand RMB was issued on March 25, 2022, with a duration of 1,093 days[52] - A guarantee of 19,800 thousand RMB was issued on March 1, 2022, with a duration of 1,392 days[52] - A guarantee of 7,476.45 thousand RMB was issued on September 16, 2022, with a duration of 1,825 days[52] - A guarantee of 8,000 thousand RMB was issued on December 19, 2022, with a duration of 365 days[52] - A guarantee of 7,200 thousand RMB was issued on December 19, 2022, with a duration of 726 days[52] - A guarantee of 5,000 thousand RMB was issued on December 19, 2022, with a duration of 364 days[52] - Ningxia Industrial Fund increased its investment in Ningxia Baichuan Technology by 200 million yuan, with Ningxia Baichuan New Materials providing guarantees and using equity from Nantong Baichuan and Ningxia Baichuan New Materials as collateral[53] - The company's entrusted wealth management funds totaled 3.1 billion yuan, with 1.8 billion yuan still outstanding, and no overdue or impaired amounts[54] - The conversion period for "Baichuan Convertible Bond 2" started on April 25, 2023, and the conversion price was adjusted from 10.36 yuan/share to 10.31 yuan/share effective May 15, 2023[55] - The company decided not to propose a downward adjustment of the conversion price for "Baichuan Convertible Bond 2" if triggered again before September 7, 2023[56] - The company's restricted shares remained unchanged at 95,391,227 shares, accounting for 16.08% of total shares[58] - The company's unrestricted shares increased by 3,038 shares to 497,776,980 shares, maintaining an 83.92% share of total shares[58] - The company's current ratio decreased by 7.35% to 0.63 compared to the previous year-end[67] - The debt-to-asset ratio increased by 3.81% to 74.15% compared to the previous year-end[67] - The quick ratio decreased by 7.89% to 0.35 compared to the previous year-end[67] - The net profit after deducting non-recurring gains and losses decreased by 189.05% to -7.148 million compared to the same period last year[67] - The EBITDA to total debt ratio decreased by 3.94% to 2.35% compared to the same period last year[67] - The interest coverage ratio decreased by 104.12% to -0.07 compared to the same period last year[67] - The cash interest coverage ratio decreased by 165.18% to 0.73 compared to the same period last year[67] - The EBITDA interest coverage ratio decreased by 66.38% to 1.19 compared to the same period last year[67] - The company's monetary funds decreased to 875.78 million from 1.02 billion at the beginning of the year[68] - The company's accounts receivable increased to 572.24 million from 406.32 million at the beginning of the year[68] - Total assets as of the end of the first half of 2023 were RMB 3,582,295,185.44, up from RMB 3,514,130,297.70 at the end of the first half of 2022[69] - Accounts receivable as of the end of the first half of 2023 were RMB 4,756,225.56, more than double the RMB 2,293,688.56 at the end of the first half of 2022[69] - Other receivables as of the end of the first half of 2023 were RMB 31,379,229.87, a significant increase from RMB 7,728,239.00 at the end of the first half of 2022[69] - Cash and cash equivalents at the end of the first half of 2023 were RMB 13,792,608.58, up from RMB 9,949,815.45 at the end of the first half of 2022[73] - Long-term equity investments as of the end of the first half of 2023 were RMB 2,483,585,931.63, slightly down from RMB 2,488,500,712.76 at the end of the first half of 2022[69] - Total liabilities as of the end of the first half of 2023 were RMB 148,000,000.00, up from RMB 140,068,700.00 at the end of the first half of 2022[69] - Total investment in the reporting period was RMB 1,073,866,805.85, a decrease of 25.42% compared to the same period last year[76] - Comprehensive income for the period amounted to RMB 62,903,757.6[74] - Comprehensive income for the period amounted to RMB 107,847,601.21[75] - Owner's equity increased by RMB 27,215,865.0 due to capital contributions[75] - Owner's equity increased by RMB 3,038.00 due to capital contributions[74] - Profit distribution to owners (or shareholders) was RMB 29,658,393.5[74] - Profit distribution to owners (or shareholders) was RMB 29,658,254.5[75] - Other equity tool holders contributed RMB 35,400,601.6 to capital[75] - Other equity tool holders contributed RMB -7,184.55 to capital[74] - Total comprehensive income for the period was RMB 21,289.99[74] - The company invested RMB 106.6 million in the graphite anode material phase II project, with a cumulative investment of RMB 348.6 million and an expected return of RMB 147.5 million[78] - The graphite anode material phase III project received an investment of RMB 228.5 million, with a cumulative investment of RMB 668.8 million and an expected return of RMB 300.6 million[79] - The lithium battery material resource utilization project invested RMB 92.7 million, with a cumulative investment of RMB 238.0 million and an expected return of RMB 90.7 million[79] - The lithium battery resource utilization device project invested RMB 21.2 million, with a cumulative investment of RMB 51.5 million[80] - The lithium iron phosphate (LFP) project invested RMB 376.8 million, with a cumulative investment of RMB 51.5 million[80] - Total liabilities increased to 1,599,179,970.97 yuan, up from 1,493,013,111.70 yuan in the previous period[85] - Total owner's equity decreased to 1,983,115,214.47 yuan, down from 2,021,117,186.00 yuan in the previous period[85] - The company's total assets reached 3,582,295,185.44 yuan, compared to 3,514,130,297.70 yuan in the previous period[85] - The cumulative amount of convertible bonds converted into shares was 31,600.00 yuan, with 3,038 shares converted, accounting for 0.00% of the total shares issued before the conversion period[82] - The company's long-term debt stood at 49,000,000.00 yuan, with no prior long-term debt recorded[85] - The company's short-term liabilities due within one year amounted to 50,500,000.00 yuan, consistent with the previous period[85] - The company's other payables increased to 513,449,653.16 yuan, up from 431,755,090.13 yuan in the previous period[85] - The company's capital reserve remained stable at 827

江苏百川高科新材料股份有限公司（以下简称"公司"）于 2022 年 11 月 29 日召开第六届 董事会第十一次会议、第六届监事会第十一次会议，审议通过了《关于使用部分闲置募集资金暂 时补充流动资金的议案》，同意公司在确保不影响募集资金投资计划正常进行和募集资金安全的 情况下，使用额度不超过 3 亿元人民币的闲置募集资金暂时补充流动资金，使用期限为自董事会 审议通过之日起不超过 12 个月。具体内容详见公司 2022 年 11 月 30 日刊登在"巨潮资讯网" （http://www.cninfo.com.cn）、《证券时报》和《中国证券报》上《关于使用部分闲置募集资金 暂时补充流动资金的公告》（公告编号：2022-105）。 公司在使用部分闲置募集资金暂时补充流动资金期间，通过合理安排，资金运作良好，没有 影响募集资金投资计划的正常进行，不存在变相改变募集资金用途的情形。公司本次实际使用闲 置募集资金补充流动资金金额为人民币 3 亿元。截至 2023 年 8 月 25 日，公司已将上述用于暂时 补充流动资金的募集资金全部归还至募集资金专用账户，该笔资金使用期限未超过 12 个月。公 司已将上述募集资金归还情 ...

Financial Performance - The company reported a revenue of CNY 773.96 million for Q1 2023, a decrease of 21.94% compared to CNY 991.49 million in the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 47.91 million, down 176.34% from a profit of CNY 62.76 million in Q1 2022[5] - The net cash flow from operating activities was a negative CNY 182.32 million, representing a decline of 319.56% compared to a negative CNY 43.46 million in the previous year[5] - The basic earnings per share were reported at -CNY 0.08, a decrease of 172.73% from CNY 0.11 in the same quarter last year[5] - Total operating revenue for Q1 2023 was ¥773,961,790.36, a decrease of 21.9% compared to ¥991,486,767.35 in Q1 2022[18] - Net loss for Q1 2023 was ¥54,254,719.33, compared to a net profit of ¥59,499,751.44 in Q1 2022, indicating a significant decline in profitability[19] - The company's operating profit for Q1 2023 was -¥64,318,822.19, contrasting with an operating profit of ¥65,422,961.84 in the previous year[18] - Basic earnings per share for Q1 2023 were -¥0.08, down from ¥0.11 in Q1 2022, indicating a decline in shareholder value[19] Assets and Liabilities - Total assets increased by 9.29% to CNY 11.01 billion from CNY 10.07 billion at the end of the previous year[5] - The total liabilities as of Q1 2023 amounted to ¥8,073,240,684.20, an increase from ¥7,082,855,406.80 in the previous year[18] - The total equity attributable to shareholders of the parent company decreased to ¥2,324,230,588.47 from ¥2,372,287,778.26 year-over-year[18] - Non-current assets totaled ¥7,439,672,423.23, compared to ¥7,043,660,904.16 at the beginning of the year, marking an increase of about 5.6%[15] Cash Flow - The cash inflow from operating activities for Q1 2023 was ¥568,400,201.62, a decrease of 32.8% compared to ¥846,640,326.62 in Q1 2022[22] - The cash outflow from operating activities totaled ¥750,723,170.04, down from ¥890,096,494.35 in the previous year, resulting in a net cash flow from operating activities of -¥182,322,968.42[22] - The cash inflow from investing activities was ¥4,607,187.26, while cash outflow was ¥534,042,984.94, leading to a net cash flow from investing activities of -¥529,435,797.68[22] - The cash inflow from financing activities amounted to ¥1,967,175,649.00, compared to ¥1,579,172,000.00 in Q1 2022, indicating a 24.6% increase[23] - The cash outflow from financing activities was ¥1,048,814,061.15, resulting in a net cash flow from financing activities of ¥918,361,587.85[23] - The total cash and cash equivalents at the end of Q1 2023 were ¥759,252,374.75, up from ¥426,618,306.88 at the end of Q1 2022, reflecting a 77.8% increase[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 99,143[12] - The company has a total of 10 major shareholders, with the largest shareholder holding 18.83% of the shares[12] Operational Insights - The company experienced a significant decline in gross profit due to weakened downstream market demand and substantial fluctuations in raw material prices[6] - The company plans to further expand its market presence and improve inventory turnover as market conditions stabilize[6] - Research and development expenses increased to ¥24,447,527.89 in Q1 2023, compared to ¥23,984,717.94 in Q1 2022, reflecting a focus on innovation[18] - The company reported a significant increase in cash received from customers, totaling ¥536,742,061.98, compared to ¥811,161,456.30 in the previous year, indicating a decline of 33.8%[22] - The cash paid to employees increased to ¥71,760,458.19 from ¥60,821,769.71, representing an 18.3% rise year-over-year[22] Other Income and Expenses - Interest income increased by 74.76% to CNY 3.28 million, primarily due to increased interest from bank acceptance bill guarantees[11] - Other income surged by 640.11% to CNY 5.49 million, mainly due to an increase in government subsidies recognized in the current period[11] - The company reported a significant increase in long-term borrowings by 34.92% to CNY 1.64 billion, attributed to loans for the Ningxia project[11] Inventory and Receivables - Accounts receivable decreased to ¥383,824,127.95 from ¥406,316,167.39 at the beginning of the year, reflecting a decline of approximately 5.5%[15] - Inventory increased significantly to ¥1,565,661,027.52 from ¥1,315,852,308.28, representing a growth of about 19%[15] - The company reported a significant increase in prepayments to ¥199,821,630.93 from ¥170,137,668.48, which is an increase of about 17.5%[15] - The long-term equity investments decreased to ¥16,505,641.59 from ¥21,376,391.94, a decline of approximately 22.7%[15] Audit and Future Outlook - The first quarter report was not audited, as indicated in the audit report section[24] - Future outlook and strategic initiatives were not explicitly detailed in the provided documents, indicating a need for further information[20] - The company did not report any new product launches or technological advancements during this quarter[24]

证券代码：002455 证券简称：百川股份 江苏百川高科新材料股份有限公司 投资者关系活动记录表 投资者关系活 动类别 □特定对象调研 □分析师会议 □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） 参与单位名称 及人员姓名 通过全景网"投资者关系互动平台"（http://ir.p5w.net）参 与公司 2022 年度网上业绩说明会的投资者 时间 2023 年 4 月 21 日下午 15:00-17:00 地点 全景网"投资者关系互动平台"（https://ir.p5w.net） 上市公司接待 人员姓名 董事长：郑铁江 总经理：蒋国强 副总经理、财务总监：曹彩娥 副总经理、董事会秘书：陈慧敏 独立董事：刘斌 保荐代表人：孟硕 投资者关系活 动主要内容介 绍 1、面对现在国家大力发展数字经济，请问子公司储能产品可以 应用于云计算服务器等应急电源吗？ 答：子公司海基新能源主营锂离子电池、电池组以及系统的研发、 生产、销售和服务，产品定位于"泛储能"应用领域，下游应用 覆盖至大型集装箱式储能系统、工商业储能产品、户用储能设备 以及通信备电等多个应用领域。感谢您的关注 ...

Financial Performance - In 2022, the company's operating revenue was CNY 4,131,027,380, a decrease of 3.60% compared to CNY 4,285,433,800 in 2021[21]. - The net profit attributable to shareholders was CNY 135,816,738, down 39.81% from CNY 225,663,526 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 107,742,485, a decline of 50.34% from CNY 216,978,961.85 in 2021[21]. - The company's total assets increased by 39.91% to CNY 10,069,929,500 from CNY 7,199,963,650 in 2021[22]. - The net assets attributable to shareholders rose by 24.43% to CNY 2,372,287,770 from CNY 1,909,154,050 in the previous year[22]. - The basic earnings per share decreased by 45.24% to CNY 0.23 from CNY 0.43 in 2021[21]. - The cash flow from operating activities showed a net decrease of 35.98%, totaling CNY 179,108,516 in 2022 compared to CNY 283,768,279 in 2021[21]. - The company achieved operating revenue of CNY 4,131,027,387.52, a decrease of 3.60% compared to CNY 4,285,433,800.05 in the previous year[65]. - Net profit attributable to shareholders was CNY 135,816,738.16, down 39.81% from CNY 225,663,526.84, primarily due to a decline in chemical product sales prices[65]. Dividends and Shareholder Returns - The company reported a cash dividend of 0.50 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The total cash dividend amounting to CNY 29,658,258.45, representing 100% of the profit distribution[161]. - The company’s profit distribution policy requires a minimum of 20% of profits to be distributed as cash dividends during growth phases[159]. Business Strategy and Development - The company has established a long-term strategic layout in diversified development across the chemical, new materials, and renewable energy industries[35]. - The company aims to adapt to the new economic normal and actively respond to national policies on technological innovation and resource adjustment[35]. - The company is actively expanding its new materials business, with projects being launched to enhance revenue streams[23]. - The company is focusing on the core business of lithium battery energy storage, with plans to develop large-scale energy storage battery systems and communication power supply markets[118]. - The company plans to expand its market presence by investing in new lithium battery projects and technologies[99]. - The company aims to enhance its production capacity by 30% in the next fiscal year[99]. Research and Development - The company has established a research and development center of over 8,600 m² in Ningxia, with various R&D equipment valued at nearly 20 million yuan[46]. - The company’s R&D expenses were CNY 94,351,775.64, a decrease of 8.54% from the previous year[66]. - The company completed the development of a 25Ah sodium-ion battery and is assessing its performance for market development[85]. - The company is advancing the development of a high-capacity lithium iron phosphate battery with a capacity of 325Ah, aimed at reducing costs and increasing energy density[85]. - The company plans to increase R&D investment in new products and environmentally friendly production processes, particularly in high value-added products[116]. Market Position and Competition - The company is positioned to benefit from the growth in the energy storage and new energy vehicle industries, with a focus on lithium battery material projects[64]. - The company has established long-term stable partnerships with leading domestic companies in the graphite electrode and lithium battery sectors, enhancing its market position[60]. - The company is focusing on developing new products and technologies, particularly in the lithium-ion battery sector, to maintain competitiveness amid increasing market competition[124]. Environmental Compliance and Sustainability - The company adheres to multiple environmental protection laws and standards, ensuring compliance in its production operations[170]. - The company has implemented measures to address environmental compliance, including regular assessments and adherence to national standards[170]. - Jiangsu Baichuan has established contracts for the disposal of construction and household waste, ensuring proper management and compliance with local regulations[175]. - The company invested a total of 352.28 million yuan in environmental protection measures during the reporting period[179]. - The company achieved a reduction in particulate matter emissions to 0.507 tons per year, meeting the national standards[175]. Risk Factors and Challenges - The company faces several risk factors including industry economic risks, safety production risks, environmental protection risks, raw material price fluctuations, market competition risks, product technology iteration risks, and project implementation risks[4]. - The company’s operations are influenced by macroeconomic conditions, which may lead to cyclical fluctuations in performance[41]. - The company acknowledges the uncertainty in project implementation timelines and will adjust its business strategies based on market conditions[126]. Corporate Governance - The company strictly adheres to the regulations of the Company Law and Securities Law, ensuring a well-structured corporate governance system and compliance with relevant laws[130]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities[133]. - The management team includes professionals with advanced degrees and significant industry experience, which supports the company's operational effectiveness[138]. Employee Management and Development - The total number of employees at the end of the reporting period was 2,896, with 2,264 in production, 360 in technical roles, and 78 in sales[155]. - The company has established a training mechanism to enhance employee skills and ensure the achievement of operational goals[157]. - The company emphasizes talent development and recruitment to support its rapid growth and expansion in various business areas[119]. Future Outlook - Future guidance indicates a projected revenue growth of 20% for the upcoming fiscal year[99]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2025[150]. - The company is exploring potential mergers and acquisitions to strengthen its market position[99].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,060,223,072.20, representing a 3.01% increase compared to ¥2,000,074,161.31 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥107,821,285.94, a 32.42% increase from ¥81,424,971.73 in the previous year[21]. - The basic earnings per share increased to ¥0.18, up 12.50% from ¥0.16 in the same period last year[21]. - The total assets at the end of the reporting period were ¥9,145,365,797.66, reflecting a 27.07% increase from ¥7,199,963,652.87 at the end of the previous year[21]. - The company's total revenue for the first half of 2022 was approximately ¥2.06 billion, representing a year-on-year increase of 3.01% compared to ¥2.00 billion in the same period last year[50]. - The revenue from the new materials segment surged by 283.38%, reaching approximately ¥394 million, up from ¥102 million in the previous year, indicating significant growth in this area[53]. - The company's operating costs increased slightly by 0.60% to approximately ¥1.81 billion, compared to ¥1.79 billion in the previous year[50]. - The net profit after deducting non-recurring gains and losses was ¥80,282,901.87, a 1.79% increase from ¥78,872,110.46 in the same period last year[21]. - The net profit for the first half of 2022 reached CNY 191,971,036.52, a significant increase of 49.2% compared to CNY 128,718,240.62 in the same period of 2021[192]. - Operating profit for the first half of 2022 was CNY 189,290,259.37, up from CNY 128,319,329.20 in the first half of 2021, reflecting a growth of 47.5%[192]. Cash Flow and Investments - The company reported a significant decline in cash flow from operating activities, with a net cash outflow of ¥121,959,634.02, compared to a cash outflow of ¥13,251,046.97 in the same period last year, marking an 820.38% increase in cash outflow[21]. - The net cash flow from operating activities showed a significant decline of 820.38%, amounting to approximately -¥122 million, primarily due to increased working capital expenditures[50]. - The net cash flow from financing activities increased by 89.62% to approximately ¥1.29 billion, driven by higher cash received from borrowings[50]. - The company reported a total cash outflow from investment activities of 394,824,514.92 CNY, indicating significant investment activity[197]. - The company raised CNY 2,480,312,000.00 through financing activities, a substantial increase from CNY 1,563,996,000.00 in the first half of 2021[195]. Business Segments and Operations - The company operates in three main business segments: fine chemicals, new materials, and new energy, with a strong market presence in both domestic and international markets[28]. - The fine chemicals segment includes products such as environmentally friendly organic solvents and high-temperature resistant plasticizers, with leading production capacity and quality in the industry[29]. - The new materials segment focuses on needle coke and lithium battery materials, catering to the steelmaking and new energy sectors[29]. - The new energy segment offers various lithium-ion batteries and energy storage systems, targeting applications in large-scale storage and commercial energy solutions[29]. - The company has established long-term partnerships with several Fortune 500 chemical and coating companies, indicating strong market trust and collaboration[29]. Research and Development - The company is actively involved in the research and development of new products and technologies to enhance its market offerings[29]. - Research and development expenses rose by 14.60% to approximately ¥52 million, reflecting the company's commitment to innovation[50]. - The company has developed a technology innovation system focused on market needs, with subsidiaries recognized as high-tech enterprises by Jiangsu Province[38]. - The company has established multiple high-level R&D platforms and has been involved in the formulation of several national and industry standards, enhancing its product quality and performance[39]. Market and Competitive Position - The company aims to expand its market presence through strategic initiatives and potential mergers and acquisitions in the future[29]. - The company is positioned to benefit from the growing demand for graphite electrodes due to the increasing focus on electric arc furnace steel production, which currently represents only 10% of total steel production in China[46]. - The company has established a leading production scale in the domestic lithium battery materials sector, with significant advantages in cost control, technology R&D, and market adaptability[37]. - The company aims to leverage the growth in the new energy sector, with strategic collaborations with energy storage integrators like Kelu Electronics and Sunshine Power[42]. Environmental and Safety Management - The company will continue to focus on environmental protection and has met national standards for pollutant emissions during the reporting period[82]. - The company has implemented environmental impact assessments and adhered to legal requirements for construction projects, with no violations reported[96]. - The company has established a comprehensive environmental monitoring plan, ensuring ongoing compliance with environmental regulations[97]. - The company has maintained a zero exceedance rate for major pollutants in emissions, demonstrating effective pollution control measures[95]. - The company has established a robust safety management system, including various safety protocols and regular training to enhance employee safety awareness[103]. Risks and Challenges - The company faces risks including overall economic conditions, safety production, environmental protection, raw material price fluctuations, and market competition[4]. - The company is facing risks related to the stability and price trends of raw material supplies, which could adversely affect production stability and profitability if prices rise significantly or supply shortages occur[84]. - The company plans to strengthen internal management and budget control to mitigate the impact of raw material price fluctuations[83]. Shareholder and Capital Structure - The registered capital of Haiji New Energy increased from 950 million to 1.215 billion RMB, representing a 28.42% increase[123]. - The total number of ordinary shares held by major shareholders includes Zheng Tiejian with 111,690,000 shares (18.83%) and Zheng Jiang with 15,498,303 shares (2.61%) as of the reporting period[159]. - The total number of restricted shares at the end of the reporting period was 95,391,227, down from 115,284,977 at the beginning[157]. - The company has not reported any changes in the controlling shareholder or actual controller during the reporting period[162].

Financial Performance - The company's operating revenue for Q1 2022 was ¥991,486,767.35, representing an increase of 11.95% compared to the same period last year[3]. - Net profit attributable to shareholders for Q1 2022 was ¥62,759,554.13, a significant increase of 112.66% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥36,331,986.94, up by 27.70% from the previous year[3]. - Revenue for Q1 2022 reached CNY 65,422,961.84, a 77.60% increase compared to CNY 36,837,397.21 in Q1 2021[9]. - Net profit for Q1 2022 was CNY 59,499,751.44, reflecting a 93.00% increase from CNY 30,828,092.14 in Q1 2021[9]. - Operating profit reached CNY 65,422,961.84, up 77.5% from CNY 36,837,397.21 in the same period last year[29]. - The total comprehensive income for Q1 2022 was CNY 59,497,907.63, compared to CNY 30,830,499.33 in Q1 2021[30]. Assets and Liabilities - The company's total assets as of March 31, 2022, were ¥8,503,741,347.08, reflecting an 18.38% increase from the end of the previous year[3]. - The company's short-term borrowings increased by 34.05% to ¥2,199,014,579.23, primarily due to increased raw material procurement needs[8]. - The company's cash and cash equivalents rose by 47.82% to ¥1,280,550,133.06, mainly due to an increase in bill guarantees[8]. - Total assets increased from RMB 7.18 billion at the beginning of the year to RMB 8.50 billion at the end of the period, reflecting a growth of approximately 18.3%[25][26]. - Inventory levels rose from RMB 727.49 million to RMB 885.84 million, reflecting an increase of approximately 21.7%[24]. - The company's equity attributable to shareholders increased from RMB 1.89 billion to RMB 2.06 billion, marking a growth of approximately 8.5%[26]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥43,456,167.73, worsening by 22.06% compared to the previous year[3]. - Operating cash inflow for Q1 2022 totaled CNY 846,640,326.62, up 39.12% from CNY 608,555,662.01 in Q1 2021[9]. - Cash flow from financing activities increased by 101.17% to CNY 1,579,172,000.00, driven by increased borrowings[9]. - Cash flow from operating activities showed a net outflow of CNY 43,456,167.73, worsening from a net outflow of CNY 35,601,799.11 in the previous year[34]. - Cash flow from investing activities resulted in a net outflow of CNY 877,497,226.94, compared to a net outflow of CNY 485,867,048.80 in Q1 2021[34]. - Cash flow from financing activities generated a net inflow of CNY 964,128,107.31, significantly higher than CNY 396,975,287.33 in the same quarter last year[34]. Shareholder Information - The company's basic and diluted earnings per share for Q1 2022 were both ¥0.11, an increase of 83.33% year-on-year[3]. - The company reported a basic earnings per share of CNY 0.11, an increase of 83.33% from CNY 0.06 in the same period last year[9]. - The company's share capital has increased from 516,977,142 shares to 593,165,169 shares due to the conversion of "Baichuan Convertible Bonds," leading to necessary amendments to the company's articles of association[19]. Investments and Projects - The subsidiary Ningxia Baichuan Technology Co., Ltd. has commenced trial production of a project with an annual capacity of 50,000 tons of trimethylolpropane and 2,000 tons of cyclic trimethylolpropane formaldehyde, which is expected to positively impact future operating performance[13]. - The "Annual Production of 5,000 Tons of Graphite Anode Materials (10,000 Tons of Graphitization) Project" has completed acceptance and has officially commenced production, which is expected to create new profit growth points for the company[18]. - The acrylic ester project has completed construction and has officially commenced production, enhancing the company's product variety and market presence[22]. - The company plans to issue convertible bonds to raise up to RMB 978 million, which will be fully invested in a project to produce 30,000 tons of anode materials annually[20]. Expenses - Sales expenses increased by 41.43% to CNY 8,379,729.47 due to expansion and increased employee compensation[9]. - Financial expenses surged by 137.86% to CNY 20,330,986.86, primarily due to increased interest expenses[9]. - Research and development expenses totaled CNY 23,984,717.94, an increase of 24.4% from CNY 19,344,654.23 in Q1 2021[29]. - The total tax expenses for Q1 2022 were CNY 6,411,692.96, slightly down from CNY 6,692,040.43 in Q1 2021[29].