常州亚玛顿股份有限公司投资者关系活动记录表 证券代码：002623 证券简称：亚玛顿 编号：2015-004 | --- | --- | --- | --- | |-------------------------|-------|--------------------------------------|---------------------------------------------------------------------------------------------------------------| | | | | | | | √ | 特定对象调研 | 分析师会议 | | | | 媒体采访 | 业绩说明会 | | 投资者关系活动类别 | | 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 | | 张晓亮；申万宏源王钦、顾溢辉； | 中投证券李凡、王海青；招商证券韩创、王晶晶；国泰君安证 券祝捷；上海玖歌投资叶涛金；上海偕沣资产周钢；中信证券 | | 时间 | | 2015 年 03 月 ...

常州亚玛顿股份有限公司投资者关系活动记录表 证券代码：002623 证券简称：亚玛顿 编号：2015-003 | --- | --- | --- | |-------------------------|--------------------|-----------------------------------------------------------| | | | | | | √ | 分析师会议 | | | | 业绩说明会 | | 投资者关系活动类别 | | 路演活动 | | | | | | | | 其他（请文字说明其他活动内容） | | 参与单位名称及人员 姓名 | | 国海证券谭倩、李恩国；太平洋证券石金漫； | | 时间 | 2015 | | | 地点 | 公司会议室 | | | 上市公司接待人姓名 | | 董事会秘书：刘芹；证券事务代表：金振华； | | | 一、签署《承诺书》 | | | | | 二、采取问答方式，由董事会秘书刘芹负责回答： | | | | | | | 1 、公司 | 玻璃的镀膜技术与竞争对手相比有何优势？ | | | | 答：我公司是国内最早、目前规模最大的光伏减反玻璃 ...

Group 1: Company Overview and Future Plans - The company aims to maintain the sales volume of AR products at the same level as 2015 [1] - Plans to establish at least 200MW solar power station projects and sell ultra-thin double-glass components [1] - New electronic consumer products (ultra-thin large-size display screen cover glass) are expected to achieve certain production and sales in the second quarter of this year [1] Group 2: Competitive Landscape - The photovoltaic industry is experiencing intense competition, with many domestic suppliers launching anti-reflective glass on a large scale [2] - The company is one of the earliest and largest manufacturers of anti-reflective glass in China, holding advantages in product performance and quality [2] - The company's self-developed anti-reflective film technology is continuously improved, increasing transmittance by over 3% [2] Group 3: International Expansion - The establishment of a factory in Dubai is based on favorable local natural conditions and government support for the photovoltaic industry [2] - The Dubai subsidiary will have an initial production line of 100MW ultra-thin double-glass components, with mass production expected in the second quarter of this year [2] Group 4: Product Advantages - Ultra-thin double-glass components offer advantages over traditional components, including lightweight, longevity, safety, aesthetics, and reduced PID [2] - These components are suitable for harsh environmental conditions and can be used in various applications such as rooftops, parking lots, and agricultural greenhouses [2] Group 5: Strategic Partnerships - The investment in SolarMax Technology, a U.S. solar system integrator, aims to expand the company's downstream supply chain and enhance competitiveness [2] - SolarMax is currently performing well, with sales revenue increasing year by year [2] Group 6: Product Development - The company is focused on developing electronic consumer products, with equipment for ultra-thin large-size display screen cover glass already in place and expected to begin gradual mass production after the second quarter of this year [2] Group 7: Future Projects - The company plans to continue constructing photovoltaic power station projects to promote the application of ultra-thin double-glass components [3] - If market promotion of ultra-thin double-glass components is slow, the company will further invest in self-built photovoltaic power station projects [3]

Group 1: Company Overview - The company is called Yamaton Co., Ltd. with stock code 002623 [1] - The investor relations activity took place on June 4, 2020, in the company meeting room [2] Group 2: Sales and Production - Yamaton signed a two-year sales contract with Longi, which is being executed as per agreement [3] - The company has a stable order volume since April 2020, supported by the operation of a 650t furnace in Fengyang [3] - The first furnace in Fengyang supplies 100% of its output to Yamaton, meeting approximately 80% of the company's processing capacity [4] - The company plans to build two additional 650t furnaces to meet market demand for photovoltaic glass and related products [4] Group 3: Partnerships and Clientele - Yamaton has become a qualified supplier for Tesla, gradually increasing supply of solar roof tiles since 2019 [4] - The company produces various electronic display glass products, primarily serving well-known domestic and international TV manufacturers [5] Group 4: Solar Power Stations - From 2015 to 2017, Yamaton invested in solar power stations to promote ultra-thin double-glass components, achieving good returns [5] - The company has sold three solar power projects by the end of 2019, with a total capacity of approximately 189MW for self-built and owned grid-connected solar power stations [6] - The company is actively applying for the eighth batch of photovoltaic subsidy policies, which will positively impact future asset sales [6]

Group 1: Company Overview and Recent Developments - The company signed a long-term sales contract with Trina Solar, which includes a total sales volume for over two years, with prices adjusted based on market conditions [3] - The company experienced significant growth in sales revenue and profit in the first three quarters compared to the same period last year, attributed to increased market penetration of double-glass components and stable supply from the Fengyang furnace [3][4] Group 2: Production Capacity and Supply Chain - The Fengyang furnace, with a capacity of 650 tons per day, began production in April 2020 and currently meets 80% of the company's deep processing capacity needs [4] - The second phase of the Fengyang furnace is under construction, expected to be operational by mid-next year, with a total capacity of 1.2 billion square meters once fully operational [4][5] Group 3: Market Position and Future Strategy - The company aims to position itself in the ultra-thin photovoltaic glass sector, differentiating itself from leading competitors by developing 1.6mm photovoltaic glass [5] - The company is also exploring mergers and acquisitions related to the Fengyang company to alleviate long-standing procurement constraints [4][5] Group 4: Industry Trends and Outlook - The photovoltaic glass market is experiencing a supply shortage, with prices rising due to slower production expansion compared to component manufacturing [6] - The company anticipates significant growth in renewable energy during the "14th Five-Year Plan" period, driven by energy security and clean transformation policies [6] Group 5: Diversification into Electronic Glass - The company has established partnerships with well-known display manufacturers and is currently supplying electronic glass products, which are expected to become a new profit growth point [7] - The electronic glass products include ultra-thin large-size display screen glass and large-size television back covers, with a complete set of deep processing capabilities to meet customized product demands [7]

Group 1: Company Overview and Production Capacity - The company plans to achieve a sales volume of 100 million square meters of ultra-thin glass in 2021, significantly increasing production capacity due to the commissioning of the Fengyang kiln and expansion of deep processing [3] - The Fengyang Silicon Valley's two new kilns are expected to be operational by mid-2021, aligning with the expansion of the company's deep processing production line [3] - The total production capacity after the completion of three kilns at Fengyang Silicon Valley is estimated to be between 120 million to 150 million square meters, meeting 80% of the company's raw glass demand [3] Group 2: Product Development and Market Trends - The company has successfully produced 1.6mm raw glass and is awaiting customer certification for its deep processing capabilities [3] - The future trend in solar roofing products (BIPV) is expected to grow, with the company's 1.6mm ultra-thin photovoltaic glass offering significant advantages in addressing issues like load-bearing and fire safety [4] - The company has established partnerships with well-known domestic display manufacturers, leading to an increase in order volume compared to the previous year [4] Group 3: Related Party Transactions and Strategic Plans - All raw glass produced by Fengyang Silicon Valley is sold to the listed company, constituting 100% related party transactions, with pricing determined at market rates to ensure fairness [4] - The company plans to consider acquiring Fengyang Silicon Valley to reduce related party transactions and focus on integrated production in the photovoltaic glass sector [4]

Financial Performance - The company's operating revenue for Q3 2022 was ¥815,743,820.68, representing a 51.93% increase compared to the same period last year[3]. - The net profit attributable to shareholders decreased by 5.86% to ¥16,187,939.35, while the net profit excluding non-recurring gains and losses increased by 239.44% to ¥11,632,052.29[3]. - The company reported a 60.43% increase in total profit compared to the same period last year, driven by higher operating profits[9]. - Operating profit for the period was ¥68,003,982.27, up 78.9% from ¥38,009,727.03 in Q3 2021[24]. - Net profit attributable to shareholders of the parent company was ¥59,174,196.23, representing a 46.2% increase from ¥40,475,827.33 in the previous year[24]. - Comprehensive income for the period totaled ¥61,960,797.63, compared to ¥43,339,213.32 in the same quarter last year, marking a growth of 43.1%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,846,710,786.67, a decrease of 0.94% from the end of the previous year[3]. - The company’s non-current assets totaled RMB 1,826,052,829.02, slightly down from RMB 1,836,907,149.78 at the beginning of the year[20]. - Total liabilities decreased to ¥1,547,502,689.36 from ¥1,601,020,582.80, a reduction of approximately 3.3%[21]. - Total equity attributable to shareholders of the parent company increased slightly to ¥3,282,212,182.98 from ¥3,277,086,312.44, reflecting a growth of 0.15%[21]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥67,812,872.13, a significant decrease of 157.77% compared to the same period last year[3]. - Cash flow from operating activities was ¥1,294,112,105.83, an increase of 27% from ¥1,019,812,272.68 in the previous year[27]. - The net cash flow from operating activities was -67,812,872.13 CNY, a decrease from 117,380,589.78 CNY in the previous year[28]. - The total cash outflow from operating activities was 1,407,567,042.94 CNY, compared to 985,495,384.71 CNY in the previous year[28]. - Cash inflow from financing activities totaled 370,626,132.06 CNY, down from 1,640,040,152.13 CNY in the previous year[29]. - The net cash flow from financing activities was -95,994,210.61 CNY, compared to 747,096,531.49 CNY in the same period last year[29]. Inventory and Receivables - The balance of accounts receivable increased by 39.13%, reflecting higher sales revenue during the reporting period[6]. - The company reported a significant increase in accounts receivable, indicating improved sales performance and customer demand[19]. - The company’s inventory decreased by 34.62%, attributed to faster inventory turnover due to increased sales volume[7]. - The accounts receivable increased to RMB 694,318,512.66 from RMB 499,034,394.48, representing a growth of approximately 39.2%[19]. Research and Development - Research and development expenses increased by 47.54% compared to the same period last year, indicating a stronger focus on innovation[8]. - Research and development expenses rose to ¥62,687,124.89, up 47.5% from ¥42,488,558.28 in Q3 2021, indicating a focus on innovation[23]. Share Repurchase and Acquisitions - The company repurchased a total of 1,593,737 shares, accounting for 0.8% of the total share capital, with a total payment of RMB 44,195,504[16][17]. - The maximum repurchase price was RMB 29.94 per share, while the minimum was RMB 23.34 per share[17]. - The company plans to acquire 100% equity of Fengyang Silicon Valley Intelligent Co., Ltd. through a combination of issuing shares and cash payment, which constitutes a major asset restructuring[14]. - The total amount for the share repurchase plan is set between RMB 90 million and RMB 180 million[15].

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.03 billion, representing a 12.71% increase compared to ¥1.80 billion in 2020[21]. - The net profit attributable to shareholders decreased by 60.80% to approximately ¥54 million from ¥137 million in 2020[21]. - The net cash flow from operating activities was negative at approximately -¥143 million, a decline of 159.41% compared to ¥241 million in 2020[21]. - The total assets at the end of 2021 were approximately ¥4.89 billion, an increase of 20.70% from ¥4.05 billion at the end of 2020[21]. - The company reported a basic earnings per share of ¥0.30, down 65.12% from ¥0.86 in 2020[21]. - The company experienced a substantial decline in net profit after deducting non-recurring gains and losses, which fell by 81.14% to approximately ¥13.57 million in 2021[21]. - The company reported a weighted average return on equity of 1.92% for 2021, down from 6.20% in 2020[21]. - Operating profit decreased to CNY 60,978,500, a decline of 62.28% year-on-year, while net profit attributable to shareholders fell by 60.80% to CNY 53,999,000[47]. - The revenue from the renewable energy sector accounted for 93.64% of total revenue, with a year-on-year increase of 8.35%[54]. - The company reported a significant increase of 276.25% in revenue from electronic glass and display products, contributing 5.41% to total revenue[54]. Dividend Distribution - The company plans to distribute a cash dividend of 0.60 CNY per 10 shares to all shareholders, based on a total of 199,062,500 shares[5]. - The company has a cash dividend distribution plan, with a total cash dividend amount of 11,943,750.00 CNY, which is 100% of the total profit distribution[162]. - The company plans to distribute at least 10% of the distributable profit as cash dividends annually, with a cumulative distribution of no less than 30% of the average annual distributable profit over three years[185]. Business Expansion and Development - The company has expanded its main business to include the production and sales of ultra-thin ≤2.0mm photovoltaic glass and ultra-thin double-glass components, following the completion of its fundraising project[19]. - The company has entered the photovoltaic power station investment and operation sector to promote its ultra-thin double-glass components through self-built demonstration projects[19]. - The company has launched a multifunctional lightweight reinforced optoelectronic glass production line project, increasing its product offerings to include electronic glass and display series products[19]. - The company is expanding its large-size, high-power ultra-thin photovoltaic glass processing lines to enhance market share, driven by the growing demand for large-size and thin photovoltaic glass[48]. - The company is seizing opportunities in the BIPV market by developing new products for three application scenarios, including BIPV colored steel tiles and BIPV photovoltaic tiles[49]. - The company plans to achieve a sales volume of 120 million square meters of photovoltaic glass in 2022, primarily focusing on ultra-thin glass with a thickness of ≤2.0mm[101]. - In the BIPV sector, the company aims to construct approximately 50MW of demonstration projects using BIPV colored steel tile products in 2022[102]. - The company intends to complete 300-500 rooftop projects for BIPV photovoltaic tile products by the end of the year, with ongoing discussions for distribution channels in Germany, the UK, Australia, and Japan[102]. Research and Development - The company has established a complete R&D, procurement, production, and sales system, implementing a "sales-driven production" model to meet customer demands effectively[40]. - The company aims to enhance its product competitiveness through continuous technological innovation and has established strategic partnerships with major component manufacturers[43]. - The company is committed to optimizing its product structure and expanding into new fields such as BIPV and energy-saving building materials to create new profit growth points[46]. - The company is focused on extending the lifespan and improving the performance of its products through advanced materials and technologies[74]. - The company has developed a new optical glass for displays that meets industry standards for aging performance, including DH240 and thermal shock tests[75]. - The company is working on a simple and environmentally friendly preparation process for light-collecting glass, which is expected to enhance product performance[75]. - The company is enhancing its competitive edge in the optoelectronic display sector through innovative product development and market expansion strategies[75]. - The company's R&D investment increased by 35.92% to ¥70,249,532.84 in 2021, representing 3.46% of total revenue, up from 2.87% in 2020[77]. Market Trends and Risks - The company anticipates significant growth opportunities in the renewable energy sector due to national policies aimed at carbon neutrality by 2060[33]. - The company faces significant risks from policy changes in the photovoltaic industry, which could lead to a sharp decline in market demand and operational performance if subsidies are reduced or eliminated[106]. - The ongoing COVID-19 pandemic poses a risk to the company's operations and financial performance, with potential impacts on raw material procurement and revenue generation[110]. - The company is closely monitoring accounts receivable due to the long payment terms typical in the photovoltaic industry, which could impact cash flow and financial stability if economic conditions worsen[109]. - The company is actively managing foreign exchange risks as its sales to overseas clients are primarily settled in foreign currencies, which can affect revenue and profit margins[110]. Governance and Compliance - The company has established a robust governance structure, ensuring compliance with regulatory requirements and enhancing investor relations[117]. - The company adheres to legal and regulatory requirements for information disclosure, ensuring all shareholders can access information fairly[121]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, linking compensation to operational performance[123]. - The company has established a comprehensive governance structure and internal control system in compliance with relevant laws and regulations[170]. - The company is committed to maintaining transparency and compliance with all relevant laws and regulations[183]. Employee Management - The company has a total of 673 employees at the end of the reporting period, with 350 in production, 95 in technical roles, and 19 in sales[156]. - The company has set a salary system that links performance assessment results to employee compensation, ensuring a fair and reasonable compensation structure[158]. - The company has established a training program to enhance the overall quality and professional skills of its employees, aligning with business development strategies[159]. - The company emphasizes a "people-oriented" talent strategy, focusing on employee rights protection, health, safety, and job satisfaction, while continuously optimizing the employee care system[175]. Environmental and Social Responsibility - The company actively engages in social responsibility and environmental protection, promoting sustainable development practices[123]. - The company adheres to a green development philosophy, implementing measures for pollution reduction and promoting advanced, energy-efficient technologies[176]. - The company has not reported any significant environmental penalties during the reporting period[173]. - The company has not initiated any poverty alleviation or rural revitalization projects during the reporting period[178].

Dividend Distribution - The company plans to distribute a cash dividend of 0.60 CNY per 10 shares to all shareholders, based on a total of 199,062,500 shares[5]. - The cash dividend distribution accounts for 100% of the total profit distribution amount[164]. - The company committed to distributing at least 10% of the annual distributable profits in cash dividends, with a cumulative distribution of no less than 30% of the average annual distributable profits over three consecutive years[187]. Business Expansion and Operations - The company has expanded its main business to include the production and sales of ultra-thin photovoltaic glass and ultra-thin double-glass components, following the completion of its investment projects[19]. - The company is involved in the investment and operation of photovoltaic power stations to promote the advantages of ultra-thin double-glass components through demonstration projects[19]. - The company has invested in a project in Fengyang, Anhui, to produce 100 million square meters of special optical glass annually, ensuring a stable supply of raw materials for its deep processing business[44]. - The company is expanding its large-size, high-power ultra-thin photovoltaic glass processing lines to enhance market share and improve profitability[50]. - The company plans to expand its market presence by developing curved lightweight double-glass solar modules, targeting BIPV and VIVP applications[78]. Financial Performance - The company reported a significant increase in revenue from the production of electronic glass and display series products after launching a new production line[19]. - The company's operating revenue for 2021 was approximately ¥2.03 billion, representing a 12.71% increase compared to ¥1.80 billion in 2020[21]. - The net profit attributable to shareholders decreased by 60.80% to approximately ¥54 million in 2021, down from ¥137 million in 2020[21]. - The total assets at the end of 2021 were approximately ¥4.89 billion, reflecting a 20.70% increase from ¥4.05 billion at the end of 2020[21]. - The company achieved operating revenue of CNY 2,031,982,715.82, an increase of 12.71% compared to the same period last year[56]. Research and Development - The company has established a complete R&D, procurement, production, and sales system, implementing a "sales-driven production" model to meet customer demands effectively[40]. - The company aims to enhance its product competitiveness through continuous technological innovation and has been recognized as a national high-tech enterprise[45]. - The company's R&D investment increased by 35.92% to approximately CNY 70.25 million, representing 3.46% of total revenue[79]. - The company is developing ultra-thin glass diffusion panels aimed at achieving optical effects comparable to traditional acrylic diffusion panels, with a thickness of ≤2.0mm[76]. Market Trends and Opportunities - The company anticipates significant growth opportunities in the renewable energy sector, driven by national policies targeting carbon neutrality by 2060[33]. - The company experienced a substantial increase in distributed photovoltaic installations, which reached 29.28 GW in 2021, a year-on-year growth of 88.66%[32]. - In 2021, the global newly installed photovoltaic capacity reached approximately 170 GW, a year-on-year increase of 30.77%[31]. - China's newly installed photovoltaic capacity in 2021 was approximately 54.88 GW, a 13.86% increase year-on-year, maintaining its position as the world's largest market[32]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and countermeasures in its future development outlook[5]. - The company faces significant risks from policy changes in the photovoltaic industry, which could lead to a sharp decline in market demand if subsidies are reduced or eliminated[107]. - The ongoing COVID-19 pandemic poses a risk to the company's operations and financial performance, with contingency plans in place to mitigate potential impacts[111]. Corporate Governance - The company has established a comprehensive governance structure and internal control system, continuously improving its operational management and governance level[172]. - The governance structure remains robust, with compliance to regulatory standards ensuring effective oversight and management practices[118]. - The company adheres to legal and regulatory requirements for information disclosure, ensuring all shareholders have equal access to information[123]. Employee and Social Responsibility - Employee rights are prioritized, with a focus on health, safety, and job satisfaction, alongside a competitive compensation system and career development opportunities[177]. - The company actively participates in social responsibility initiatives, including tax compliance and support for vulnerable groups[179]. - The company has implemented a supplier evaluation system to ensure dynamic management and collaboration with qualified suppliers, aiming for mutual development[177]. Financial Management - The company has temporarily deposited ¥415 million of idle raised funds into fixed deposits to enhance the efficiency of fund usage[92]. - The company plans to conduct cash management for temporarily idle fundraising funds to maximize shareholder interests[100]. - The company is committed to maintaining compliance with regulatory requirements set by the China Securities Regulatory Commission[156].

Financial Performance - Revenue for Q1 2018 was CNY 260,697,214.55, a decrease of 20.28% compared to CNY 327,035,173.58 in the same period last year[9] - Net profit attributable to shareholders was CNY 7,460,336.71, an increase of 6.69% from CNY 6,992,301.46 year-on-year[9] - The net profit after deducting non-recurring gains and losses was CNY 7,573,741.62, up 53.05% from CNY 4,948,617.43 in the previous year[9] - The net profit attributable to shareholders for the first half of 2018 is expected to be between 65 million and 68 million CNY, representing an increase of approximately 753.70% to 793.10% compared to the same period in 2017[32] - The significant growth in performance is attributed to sufficient orders for coated glass products and ultra-thin double-glass components, as well as the resolution of previous raw material constraints[32] Cash Flow and Assets - The net cash flow from operating activities was CNY -195,927,740.52, a decrease of 673.18% compared to CNY -25,340,618.83 last year[9] - Total assets at the end of the reporting period were CNY 4,946,558,067.59, an increase of 4.40% from CNY 4,738,106,338.13 at the end of the previous year[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,928[13] - The company commits to distributing at least 10% of the distributable profits as cash dividends annually, with a cumulative distribution of no less than 30% over any three consecutive fiscal years[30] - In mature development stages without significant capital expenditure, cash dividends should constitute at least 80% of the profit distribution[31] Operational Changes - Accounts receivable increased by 63.3% compared to the beginning of the period due to increased bank acceptance of accounts receivable[17] - Prepaid accounts increased by 71.04% due to significant increases in raw material prepayments[17] - Inventory increased by 70.71% due to increased orders for ultra-thin double-glass components, leading to higher raw material and finished goods stock[18] - Operating expenses decreased by 34.11% compared to the same period last year due to reduced sales volume, resulting in lower transportation costs[21] Financing Activities - The company approved a non-public offering of up to 32 million A-shares to raise a total of no more than 955.9976 million yuan for various solar power projects[24] - The company decided to terminate the non-public offering due to changes in refinancing policies, capital market conditions, and financing timing, opting to use its own funds for project financing[24] - The company has made progress on the solar power projects, which are currently proceeding smoothly with self-funding[24] Market and Product Development - The company plans to sell the Puan power station, which will allow for the recognition of previously unconfirmed revenue from the sale of the Xingyi power station[32] - The electronic glass products have gained traction in the market, leading to a positive impact on the company's performance due to ongoing orders[32] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[33] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34] - The company conducted multiple investor relations activities, including on-site investigations by institutions in January 2018[35] - The company’s actual controllers have made commitments to avoid any non-standard financial transactions with the company[30]