证券代码：002511 证券简称：中顺洁柔 中顺洁柔纸业股份有限公司投资者关系活动记录表 编号：20221116 | --- | --- | --- | --- | |----------------|------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|------------------| | | √特定对象调研 | □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | | 类别 | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □其他 | | | | 参与单位名称 | | 长江证券、融通基金、嘉实基金、鹏华基金、大成基金、信 达澳银、招商基金、中融基金、前海联合、淡水泉 | | | 时间 2022 | 年 11 月 16 日 | 14:00-16:00 | ...

证券代码：002511 证券简称：中顺洁柔 中顺洁柔纸业股份有限公司投资者关系活动记录表 编号：20220609 | --- | --- | --- | --- | |-----------------------|--------------------------------------------------------------------------|-------------------|-----------------------------------------------------| | | √特定对象调研 | □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | | 类别 | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □其他 | | | | | PRUDENCE INVESTMENT MANAGEMENT | 、 | HD CAPITAL | | 参与单位名称 | PARTNERS BAY 、 RESEARCH 、 WT Capital INTERNATIONAL 、 | Infore Capital 、 | DAL ...

Group 1: Company Strategy and Product Focus - The company will focus on core business in consumer paper products, enhancing product layout and market competitiveness [2] - High-end, high-margin non-traditional products such as kitchen towels, wet wipes, and sanitary products will be prioritized for growth [3] - The company aims to increase the sales share of high-end products, contributing to improved profit margins [4] Group 2: Management Changes and Governance - Recent management changes were made to align with the company's strategic development, introducing new leadership to enhance governance [3] - The new management team is expected to refine operational management and drive the company towards a positive growth trajectory [3] Group 3: Market Position and Brand Development - The company is positioned as a leading player in the consumer paper sector, with three main brands: Jierou, Taiyang, and Duoleimi [4] - Efforts will be made to elevate the Jierou brand's high-end image and expand its market share [4] - The company plans to enhance brand recognition and customer experience, particularly for high-end products [5] Group 4: Raw Material and Pricing Strategy - The price of raw materials, particularly pulp, has been volatile, impacting procurement strategies [4] - The company implemented a price adjustment strategy in January 2022 to address rising raw material costs, with variations based on region and product [5] Group 5: Future Growth and Profitability Measures - The company is establishing a dynamic financial and supply chain management system to optimize internal processes and enhance profitability [5] - There is a focus on expanding product categories and activating new business channels to drive growth [5]

Group 1: Company Management and Strategy - The company has undergone management changes to align with its growth stage, introducing new leadership to refine management structure [2] - The new chairman and president bring extensive management experience, contributing to a positive development direction since their appointment [2] - The company aims to enhance its governance structure while continuing to guide strategic development [1] Group 2: Financial Performance and Goals - The company targets over 10 billion in sales for 2022, emphasizing the importance of optimizing resource allocation and controlling operational costs [2] - Despite profit pressures, sales revenue has shown a relatively fast growth rate, with a steady increase in market share [2] - The company has established performance indicators that are generally met each year, reflecting effective internal management [2] Group 3: Product Development and Market Position - The company is a leading player in the consumer paper sector, focusing on enhancing the high-end image of its flagship brand, Jie Rou [3] - Plans to diversify product offerings include expanding into high-margin categories such as wet wipes and kitchen paper [3] - The company is committed to increasing the market share of its commercial product lines and exploring diversification in related fields [3] Group 4: Production Capacity and Expansion - Current production capacity exceeds 800,000 tons, with ongoing projects to expand capacity by 400,000 tons in East China and 300,000 tons in Sichuan [4] - The company is addressing capacity gaps to meet growing sales demands, with plans for gradual expansion based on operational needs [4] Group 5: Sales Channels and Growth - Online and new retail channels account for nearly 40% of sales, with significant growth observed in platforms like Douyin and Kuaishou [4] - The company maintains a balanced approach between online and offline channels, ensuring product quality remains consistent across both [5] - Sales expenses have increased due to heightened market investment, but are expected to stabilize in 2022 [5]

证券代码：002511 证券简称：中顺洁柔 中顺洁柔纸业股份有限公司投资者关系活动记录表 编号：20220906-0909 | --- | --- | --- | --- | |-----------------------|----------------------------------------------------------------------------------------------------------------|----------------------------------------------------|-----------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | | 类别 | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | √其他 电话会议 | | | | | 9 月 6 日： | | | ...

证券代码：002511 证券简称：中顺洁柔 中顺洁柔纸业股份有限公司投资者关系活动记录表 编号：20220830-0901 | --- | --- | --- | |----------------|-------------------------|-------------------------------------------------------------------------------------------------------| | | | □特定对象调研 □分析师会议 | | 投资者关系活动 | | □媒体采访 □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | √其他 电话会议 | | | | 8 月 30 日： | | | | | 高盛高华证券、招商证券、杭州富贤、南方基金、信达自 | | | | 营、国金基金、圆信永丰、兴银理财、平安养老、方正富 | | | | 邦、泰康、汇丰晋信、东兴证券、百嘉基金、凯石基金、 | | | | 华创、东吴证券研究所、招商证券、浙商自营、湘财基 | | | | 金、中天国富证券自营、中信证券 ...

中顺洁杀 || //(0) 2022 度 报 告 第 三 季 !! 中顺洁柔纸业股份有限公司 2022 年第三季度报告 证券代码：002511 证券简称：中顺洁柔 公告编号：2022-52 中顺洁柔纸业股份有限公司 2022 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 2 中顺洁柔纸业股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|------ ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 4,367,618,113.61, representing a year-on-year increase of 2.82% compared to CNY 4,247,641,836.38 in the same period last year[30]. - The net profit attributable to shareholders of the listed company decreased by 44.09% to CNY 227,639,705.35 from CNY 407,161,317.15 in the previous year[30]. - The net profit after deducting non-recurring gains and losses was CNY 220,565,031.66, down 44.72% from CNY 398,988,234.69 in the same period last year[30]. - The basic earnings per share fell by 45.16% to CNY 0.17 from CNY 0.31 in the previous year[30]. - The total assets at the end of the reporting period were CNY 7,853,365,188.84, an increase of 4.39% from CNY 7,523,281,973.84 at the end of the previous year[30]. - The net assets attributable to shareholders of the listed company increased by 2.71% to CNY 5,036,519,666.94 from CNY 4,903,552,661.58 at the end of the previous year[30]. - The net cash flow from operating activities was CNY 699,549,725.75, a decrease of 5.19% compared to CNY 737,865,788.19 in the same period last year[30]. - The weighted average return on net assets was 4.53%, down from 7.98% in the previous year, a decrease of 3.45%[30]. Dividend and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares[8]. - The company has committed to cash dividends under conditions that meet the requirements, considering industry characteristics and operational factors[141]. Market Position and Strategy - The company aims to enhance its market position by focusing on health-oriented products and expanding its online sales channels for personal care items[41]. - The company has positioned itself as a leading brand in the high-end living paper market, recognized for its strong brand and product quality[48]. - The company has established a comprehensive marketing network covering most cities in China, utilizing multiple sales channels including e-commerce and new retail[58]. - The company is actively establishing a digital transformation foundation to optimize internal processes and enhance management efficiency[52]. - The company is expanding its product structure to increase the sales share of high-end, high-margin products, responding to rising consumer demand for premium products[54]. Product Development and Innovation - The company continues to innovate in product development, introducing new items such as travel-friendly hygiene products and high-quality facial tissues[45]. - The company has established a diversified product portfolio, including brands such as Jierou, Taiyang, and Duoleimi, covering various personal care and household paper products[39]. - The company has implemented a strategy to provide customized cleaning solutions for various commercial spaces, including offices and hotels[46]. Environmental Sustainability - The company has maintained a commitment to environmental sustainability by using biodegradable materials in its products[45]. - The company is committed to environmental protection and has adopted advanced technologies to meet national standards for emissions[66]. - The company has implemented comprehensive environmental protection measures, ensuring compliance with national and local regulations[127]. - Wastewater treatment facilities utilize anaerobic and aerobic processes, achieving compliance with discharge standards[127]. - The company has established a water reuse system to minimize wastewater discharge, enhancing sustainability efforts[127]. - The company has successfully renewed and modified its pollutant discharge permits as required by national regulations[128]. - The company implemented a total of 19 clean production plans to reduce carbon emissions, achieving significant results in pollution reduction and resource utilization efficiency[135]. Risks and Challenges - The living paper industry in China is experiencing pressure due to rising raw material costs and intense market competition, although growth rates remain above the global average[47]. - The company faces a risk of significant fluctuations in pulp prices, which account for 40%-60% of production costs, due to global economic cycles and supply-demand mismatches[94]. - The company is exposed to foreign exchange risks due to imports and exports denominated in USD, HKD, and EUR, and employs strategies to hedge against currency fluctuations[95]. - The company reported a significant impact on logistics and supply chain operations due to the pandemic, affecting both procurement and sales[105]. - The company has faced certain risks as a downstream player in the life paper industry due to the pandemic's impact on logistics[105]. Corporate Governance and Compliance - The company has not reported any discrepancies between financial results under international and Chinese accounting standards[31][32]. - The company has no other non-recurring loss items beyond those already disclosed[35]. - The company has no significant litigation or arbitration matters during the reporting period[150]. - The company’s related party transactions were conducted at market fair prices, ensuring compliance with pricing principles[161]. - The company’s rental agreements were approved by independent directors, ensuring transparency and governance[173]. Financial Management and Investments - The company has engaged in entrusted financial management with a total amount of 4,500, sourced from its own funds, with no overdue amounts or impairments reported[186]. - The company’s subsidiary, Jiangmen Zhongshun Paper Co., Ltd., has been re-certified as a high-tech enterprise, allowing it to enjoy a preferential corporate income tax rate of 15% for three years[189]. - The company has made no significant contracts during the reporting period, reflecting a focus on internal operations[187]. Shareholder and Stock Management - The company’s stock option plan allowed for the exercise of 31,205 options and 1,041,903 reserved options during the reporting period[199]. - The company plans to repurchase shares with a total amount between 180 million and 360 million RMB, at a price not exceeding 31.515 RMB per share[200]. - The stock option incentive plan saw the cancellation of 139,428 shares, representing 0.01% of the total share capital, due to unexercised options[115].

Financial Performance - The company's revenue for Q1 2022 was ¥1,884,339,300.88, a decrease of 10.36% compared to ¥2,102,126,213.63 in the same period last year[6] - Net profit attributable to shareholders was ¥133,346,264.70, down 50.82% from ¥271,122,802.99 year-on-year[6] - Basic and diluted earnings per share were both ¥0.10, a decrease of 52.38% from ¥0.21 in the same period last year[6] - Total operating revenue for Q1 2022 was CNY 1,884,339,300.88, a decrease of 10.4% from CNY 2,102,126,213.63 in the same period last year[40] - Net profit attributable to the parent company was CNY 133,346,264.70, down 50.8% from CNY 271,122,802.99 in the previous year[43] - Total operating costs for Q1 2022 were CNY 1,738,812,664.25, down 2.3% from CNY 1,780,296,793.30 in the previous year[40] Cash Flow - The net cash flow from operating activities was ¥247,480,435.23, representing a decline of 26.10% compared to ¥334,905,166.23 in the previous year[6] - Total cash inflow from operating activities is ¥2,033,965,816.49, down from ¥2,292,569,505.14, reflecting a decline of 11.3%[50] - Cash outflow from operating activities totals ¥1,786,485,381.26, compared to ¥1,957,664,338.91 in the previous period, indicating a decrease of 8.7%[50] - The net cash flow from investing activities is -¥207,345,904.35, worsening from -¥127,917,948.06 in the previous period[50] - Cash inflow from financing activities is ¥43,847,319.15, an increase from ¥10,255,276.29 in the previous period[50] - The net cash flow from financing activities is ¥34,952,619.53, compared to -¥267,836,615.33 in the previous period, showing a significant improvement[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,319,188,356.35, down 2.71% from ¥7,523,281,973.84 at the end of the previous year[6] - Total current assets as of March 31, 2022, amount to ¥3,579,881,992.70, a decrease from ¥3,752,485,973.34 at the beginning of the year[30] - Total liabilities decreased to CNY 2,274,247,357.73 from CNY 2,616,483,261.29, representing a reduction of 13.1%[39] - The total amount of current liabilities was CNY 2,118,263,017.15, down 13.9% from CNY 2,459,919,353.11[36] - The accounts payable increased to ¥400,228,927.06 from ¥334,969,632.58[33] - The company reported a decrease in accounts payable from CNY 829,113,780.31 to CNY 741,278,632.32, a decline of 10.6%[36] Shareholder Information - The company reported a total of 141,508 common shareholders at the end of the reporting period[20] - Guangdong Zhongshun Paper Group Co., Ltd. holds 28.61% of shares, totaling 375,655,958 shares[24] Other Financial Metrics - The weighted average return on equity was 2.68%, a decrease of 2.66% compared to 5.34% in the same period last year[6] - Financial expenses increased by 56.85% to ¥1,940,083.31 due to increased exchange rate losses[17] - The company has a short-term loan of ¥38,500,000.00 as of March 31, 2022[33] - The company paid ¥130,061,335.22 in taxes, a decrease from ¥142,572,370.03 in the previous period[50] - The company invested ¥248,770,349.25 in capital expenditures, compared to ¥187,982,975.15 in the previous period, reflecting an increase of 32.2%[50] - The company received ¥41,239,541.68 from other investment-related cash, down from ¥50,000,000.00 in the previous period[50]

Financial Performance - The company's operating revenue for 2021 was ¥9,149,870,464.80, representing a year-over-year increase of 16.95% compared to ¥7,823,528,416.32 in 2020[29]. - The net profit attributable to shareholders for 2021 was ¥581,097,222.93, a decrease of 35.85% from ¥905,889,081.41 in 2020[29]. - The basic earnings per share for 2021 was ¥0.45, down 35.71% from ¥0.70 in 2020[31]. - The total assets at the end of 2021 were ¥7,523,281,973.84, reflecting a slight increase of 0.60% from ¥7,478,439,747.77 at the end of 2020[31]. - The net assets attributable to shareholders decreased by 2.75% to ¥4,903,552,661.58 at the end of 2021, down from ¥5,042,146,076.42 at the end of 2020[31]. - The company reported a net profit excluding non-recurring gains and losses of ¥567,912,188.04 for 2021, down 36.30% from ¥891,552,986.81 in 2020[31]. - In 2021, the company achieved operating revenue of 9.15 billion yuan, a year-on-year increase of 16.95%[70]. - The net profit attributable to shareholders was 581 million yuan, a decrease of 35.85% year-on-year due to rising material and energy costs[70]. Cash Flow and Investments - The net cash flow from operating activities increased by 59.33% to ¥1,319,579,606.83 in 2021, compared to ¥828,200,862.25 in 2020[31]. - The net cash flow from investment activities decreased by 69.47% to -¥647,153,182.12, primarily due to reduced financial principal receipts and increased equipment payments[104]. - The net cash flow from financing activities dropped by 1,230.07% to -¥919,188,204.07, mainly due to decreased cash from borrowings and increased share repurchase payments[104]. - The company's total investment during the reporting period was ¥708,619,852.14, reflecting a 26.16% increase compared to ¥561,677,417.02 in the previous year[115]. Market Position and Strategy - The company is positioned as a leading player in the domestic consumer paper industry, belonging to the first tier of the market[56]. - The company is focusing on optimizing its product structure, increasing the sales proportion of high-end and high-margin products, and enhancing brand marketing strategies[57]. - The company is expanding its market presence in Southeast Asia, North Asia, Australia, the Middle East, and North America[56]. - The company aims to provide comprehensive cleaning and hygiene solutions for various commercial spaces, including offices and hotels[55]. - The company is committed to continuous innovation in product development, including the introduction of alcohol wipes and disposable towels[57]. - The company has launched a new brand strategy to enhance its product matrix and improve competitiveness in the high-end market[72]. Risk Factors and Challenges - The company faced operational pressure due to rising raw material prices, intense market competition, and supply chain disruptions caused by the pandemic[43]. - The living paper industry experienced a slowdown in growth due to excess capacity, although the growth rate remained above the global average[43]. - The cost of pulp, which constitutes 40%-60% of the company's production costs, poses a significant risk due to price volatility influenced by global economic conditions[134]. - The company faces risks from regional market competition, as the life-use paper market is characterized by low unit value and high transportation costs[136]. - The company has faced challenges in maintaining operational efficiency due to disruptions in the supply chain caused by the pandemic[141]. Corporate Governance and Management - The company has established independent operational capabilities across business, personnel, assets, institutions, and finance, ensuring no reliance on the controlling shareholder[160]. - The company has emphasized the importance of independent directors, with the election of new members to ensure diverse perspectives in decision-making[187]. - The company has a clear ownership structure with complete control over its assets, ensuring no asset occupation by the controlling shareholder[161]. - The company has experienced significant changes in its board and management personnel, with several resignations and appointments noted[176]. - The management team is actively engaged in stock trading, reflecting confidence in the company's future performance[177]. Research and Development - The company has invested in R&D to innovate and upgrade its product offerings, focusing on user experience and product quality[73]. - Research and development expenses rose by 11.39% to ¥211,964,212.18, accounting for 2.32% of operating revenue[100]. - The number of R&D personnel increased by 3.02% to 409, with a slight decrease in the proportion of R&D personnel to total employees[100]. - Research and development investments increased by 30%, totaling 150 million RMB, to enhance product innovation and technology[150]. Social Responsibility - The company actively engaged in social responsibility initiatives, donating over ¥14 million in cash and materials in 2021[79]. - The company has implemented strict fire safety management protocols and has a dedicated safety management department to mitigate risks associated with flammable materials used in production[138]. - The company is committed to continuous improvement in safety and health standards to protect its workforce and minimize operational risks[138].