关于江苏华宏科技股份有限公司 2023年上半年现场检查报告 | 保荐人名称：申万宏源证券承销保荐有限责任公司 | 被保荐公司简称：华宏科技 | | | --- | --- | --- | | 保荐代表人姓名：胡古月 联系电话：021-33389888 | | | | 保荐代表人姓名：艾可仁 联系电话：021-33389888 | | | | 现场检查人员姓名：胡古月、艾可仁、程长鹏 | | | | 现场检查对应期间：2023年1月1日至2023年6月30日 | | | | 现场检查时间：2023年11月7日-2023年11月10日 | | | | 一、现场检查事项 现场检查意见 | | | | （一）公司治理 是 否 | | 不适用 | | 现场检查手段：1.查阅公司章程和公司治理相关制度；2.查阅三会文件及相关决议， | | | | 核查其执行情况；3.核查董监高人员变动及相关决策文件；4.核查控股股东、实际控 | | | | 制人的变动情况及其对外投资情况 | | | | 1.公司章程和公司治理制度是否完备、合规 √ | | | | 2.公司章程和三会规则是否得到有效执行 √ | | | | 3.三会会议 ...

Financial Performance - The company's revenue for Q3 2023 was ¥1,836,334,499.05, a decrease of 2.71% compared to the same period last year[5] - Net profit attributable to shareholders was ¥32,146,525.84, representing a significant increase of 127.02% year-on-year[5] - Basic earnings per share for Q3 2023 were ¥0.0552, up 127.16% from the same period last year[5] - Total operating revenue for Q3 2023 was ¥5,365,391,333.39, a decrease of 18.0% compared to ¥6,546,292,068.70 in Q3 2022[19] - Net profit for Q3 2023 was a loss of ¥167,652,434.37, compared to a profit of ¥397,107,179.98 in Q3 2022, representing a significant decline[20] - Basic earnings per share for Q3 2023 were -¥0.2655, compared to ¥0.6905 in Q3 2022, indicating a significant decline in profitability[21] Cash Flow - The cash flow from operating activities for the year-to-date was ¥467,203,688.05, showing an increase of 804.45% compared to the previous year[5] - The net cash flow from operating activities for Q3 2023 was ¥467,203,688.05, a turnaround from a negative cash flow of ¥66,321,358.59 in Q3 2022[22] - The net cash flow from financing activities was -¥346,614,065.73, a decrease of 184.19% attributed to increased cash dividends and share repurchases[10] - The net cash flow from financing activities was -346,614,065.73 CNY, contrasting with a positive flow of 411,710,333.48 CNY in the previous year[24] - The cash inflow from investment activities was 1,663,958,936.72 CNY, down from 3,577,846,717.00 CNY year-over-year[24] - The company experienced a cash decrease of 46,914,313.20 CNY during the quarter, compared to an increase of 34,292,930.81 CNY in the same period last year[24] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥5,988,563,529.99, a decrease of 7.48% from the end of the previous year[5] - The total current assets decreased to ¥3,620,582,880.20 from ¥4,077,352,665.83[15] - The total liabilities as of Q3 2023 were ¥2,189,476,865.49, down from ¥2,380,889,288.37 in the previous year[20] - The total equity attributable to shareholders of the parent company decreased to ¥3,719,077,961.78 from ¥3,997,459,859.52 year-over-year[20] - The total non-current liabilities include long-term borrowings of ¥290,141,157.00, an increase from ¥200,100,000.00[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,341[11] - The largest shareholder, Jiangsu Huahong Industrial Group Co., Ltd., holds 34.54% of shares, totaling 200,884,632 shares[11] Investment and Expenses - The company reported a significant increase in investment income of 189.32%, amounting to ¥12,956,020.06 for the year-to-date[9] - The company experienced a 168.64% increase in financial expenses, totaling ¥46,126,228.14, due to interest expenses from convertible bonds[9] - Research and development expenses for Q3 2023 were ¥181,154,204.79, a decrease of 25.3% from ¥242,391,620.99 in Q3 2022[19] - The company reported an investment income of ¥12,956,020.06 for Q3 2023, up from ¥4,478,053.46 in the same period last year[19] Inventory and Borrowings - The inventory as of September 30, 2023, is ¥1,765,523,384.16, down from ¥2,212,426,566.17[15] - Short-term borrowings decreased to ¥449,466,833.33 from ¥666,827,786.71[16] - The company adjusted the conversion price of its "Huahong Convertible Bonds" to ¥13.92 per share effective August 2, 2023[13]

江苏华宏科技股份有限公司 2023 年半年度报告全文 江苏华宏科技股份有限公司 2023 年半年度报告 2023 年 8 月 1 江苏华宏科技股份有限公司 2023 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人胡品贤、主管会计工作负责人曹吾娟及会计机构负责人(会计 主管人员)曹吾娟声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的未来计划不构成公司对投资者的实质性承诺。请广大投 资者注意投资风险。 公司未来面对的风险主要集中在并购整合风险、市场竞争加剧的风险、 原材料价格波动的风险、人力资源风险和汇率波动风险等方面。具体风险详 见第三节 管理层讨论与分析之"十、公司面临的风险和应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | | | | 第一节 重要提示、目录和释义 | 2 | | --- | --- | | 第二节 公司简介和主要财务指标 | 6 ...

Financial Performance - The company's operating revenue for 2022 was ¥8,475,015,663.88, representing a 25.06% increase compared to ¥6,776,828,766.80 in 2021[6]. - The net profit attributable to shareholders decreased by 23.58% to ¥406,569,887.16 in 2022 from ¥532,027,212.26 in 2021[6]. - The net profit after deducting non-recurring gains and losses was ¥327,761,518.32, down 34.16% from ¥497,782,396.53 in the previous year[6]. - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥364,451,798.50 in 2022 compared to a positive cash flow of ¥194,953,667.26 in 2021, marking a 286.94% decrease[6]. - Basic earnings per share fell by 24.47% to ¥0.71 in 2022 from ¥0.94 in 2021[6]. - Total assets increased by 25.41% to ¥6,472,800,314.90 at the end of 2022, up from ¥5,161,188,431.08 at the end of 2021[6]. - The weighted average return on equity decreased to 11.02% in 2022 from 16.18% in 2021, a decline of 5.16%[6]. - The company reported a significant drop in quarterly net profit, with only ¥4,707,326.09 in Q4 2022 compared to ¥254,145,067.99 in Q1 2022[26]. - The company achieved operating revenue of 8.475 billion yuan, an increase of 25.06% year-on-year, while net profit attributable to shareholders was 407 million yuan, a decrease of 23.58%[55]. Industry Overview - The company operates in the recycling equipment manufacturing and waste steel industries, which are critical sectors in China's resource recovery efforts, with waste steel accounting for 65.62% of the total recycled resources in 2021[33]. - The rare earth recycling industry in China has seen rapid development, driven by strong demand for neodymium-iron-boron permanent magnets and government support for recycling initiatives[36]. - The elevator industry in China has experienced significant growth, with production increasing from 365,000 units in 2010 to 1,173,000 units in 2019, representing a compound annual growth rate of 13.85%[38]. - The market size of the elevator industry in China has exceeded 235 billion yuan, positioning it as a leading market globally[38]. Risks and Challenges - The company faces risks including merger integration, intensified market competition, raw material price fluctuations, human resource risks, and exchange rate volatility[4]. - The company’s future plans do not constitute a substantive commitment to investors, highlighting the importance of investment risk awareness[4]. - Since 2022, the company has experienced significant fluctuations in raw material prices, impacting production costs and profitability; strategies include adjusting procurement methods based on market conditions to mitigate risks[91]. - The company is addressing human resource risks by enhancing talent acquisition and internal training mechanisms to ensure a skilled workforce amid rising costs and competition[92]. - The company is exposed to foreign exchange risks due to global operations and plans to use forward foreign exchange contracts to manage these risks effectively[92]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring independence from its controlling shareholder in operations, personnel, and financial matters[100]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[98]. - The company has implemented a robust information disclosure system to ensure transparency and timely communication with investors[99]. - The company is committed to maintaining the rights of all shareholders, particularly minority shareholders, through proper governance practices[97]. - The company operates independently with a self-accounting and self-financing system, establishing a complete financial accounting system[102]. Shareholder Information - The company reported a cash dividend of 2 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[4]. - The total distributable profit for the parent company is 680,055,217.44 RMB[130]. - The annual cash dividend distribution plan is set at 2.00 RMB per 10 shares, with a total cash dividend amount of 116,126,792.60 RMB, representing 100% of the distributable profit[130][131]. Research and Development - Research and development expenses increased by 21.67% to ¥317,961,605.47 from ¥261,340,648.16 in 2021[71]. - The company plans to strengthen product upgrades and technological innovation in the recycling resource processing equipment sector to maintain its leading position[90]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product efficiency[158]. Strategic Initiatives - The company has established long-term cooperative relationships with major global elevator manufacturers, enhancing its position in the global supply chain[53]. - The company is actively exploring opportunities in environmental protection, smart manufacturing, and IoT-related industries[41]. - The company aims to actively develop the recycling business, focusing on the dismantling of end-of-life vehicles and expanding into downstream recycling of various metals and non-metals[90]. Employee Information - The total number of employees at the end of the reporting period is 2,383, with 760 from the parent company and 1,623 from major subsidiaries[127]. - The company has a total of 1,416 production personnel, 270 sales personnel, 241 technical personnel, 114 financial personnel, and 342 administrative personnel[127]. - The company has implemented various training programs, including office automation, safety production, and equipment maintenance[129]. Financial Management - The company has independent financial personnel and does not allow interference from controlling shareholders in fund utilization[102]. - The total approved guarantee amount for subsidiaries is CNY 120,000,000, with actual guarantees amounting to CNY 111,500,000 during the reporting period[191]. - The company has committed to a cash asset management plan, with details on entrusted financial management to be disclosed[192].

Financial Performance - The company's revenue for Q1 2023 was ¥1,764,103,722.33, a decrease of 24.95% compared to ¥2,350,592,515.17 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥59,088,586.31, representing a decline of 123.25% from a profit of ¥254,145,067.99 in the previous year[5] - The total profit for the period was a loss of ¥87,300,883.98, a decline of 133.08% compared to a profit of ¥263,917,325.37 in Q1 2022[9] - The net profit for Q1 2023 was a loss of ¥63,321,032.84, compared to a profit of ¥252,826,320.91 in Q1 2022, indicating a significant decline[19] - The basic earnings per share for Q1 2023 was -0.1028, compared to 0.4477 in the same period last year[19] Cash Flow - The net cash flow from operating activities increased by 180.31% to ¥203,411,264.03, up from ¥72,565,554.61 in Q1 2022[5] - The company reported a net cash flow from operating activities of ¥203,411,264.03, an increase from ¥72,565,554.61 in the previous year[21] - The company's cash flow from investing activities showed a net outflow of ¥126,901,710.88, which was an increase in outflow compared to ¥69,081,270.97 in the previous year[9] - The net cash flow from investment activities was -126,901,710.88 CNY, compared to -69,081,270.97 CNY in the previous year[22] - The total cash inflow from financing activities was 47,380,000.00 CNY, down from 130,950,000.00 CNY year-over-year[22] - The net cash flow from financing activities was -39,395,248.20 CNY, a decrease from 55,545,735.00 CNY in the same period last year[22] - The cash and cash equivalents at the end of the period amounted to 795,624,284.89 CNY, up from 403,685,031.72 CNY year-over-year[22] - The net increase in cash and cash equivalents for the quarter was 36,900,516.46 CNY, compared to 58,875,342.45 CNY in the previous year[22] - The company incurred 10,098,995.61 CNY in cash payments for dividends and interest during the quarter[22] - The cash outflow for financing activities totaled 86,775,248.20 CNY, compared to 75,404,265.00 CNY in the previous year[22] - The impact of exchange rate changes on cash and cash equivalents was -213,788.49 CNY[22] Assets and Liabilities - The company's total assets as of March 31, 2023, were ¥6,653,178,140.95, reflecting a 2.79% increase from ¥6,472,800,314.90 at the end of the previous year[5] - The company's total assets amount to 6,653,178,140.95 CNY, an increase from 6,472,800,314.90 CNY at the beginning of the year[15] - Current assets total 4,229,226,811.88 CNY, up from 4,077,352,665.83 CNY at the start of the year[14] - Total liabilities are 2,645,552,497.37 CNY, compared to 2,380,889,288.37 CNY at the beginning of the year[15] - The company's inventory stands at 2,137,106,806.26 CNY, a decrease from 2,212,426,566.17 CNY[14] - The accounts receivable amount to 474,262,843.28 CNY, down from 511,906,530.11 CNY[14] - The company has a long-term equity investment of 58,482,027.62 CNY, slightly down from 58,627,559.00 CNY[14] Expenses - Research and development expenses decreased by 35.84% to ¥58,147,358.63, down from ¥90,634,647.10 in the same quarter last year[9] - Research and development expenses decreased to ¥58,147,358.63 from ¥90,634,647.10, representing a reduction of about 36%[18] - The company reported a significant increase in financial expenses, which rose by 340.71% to ¥16,940,700.16 due to increased interest expenses from convertible bonds[9] - The financial expenses rose to ¥16,940,700.16, compared to ¥3,843,975.33 in the previous year, indicating an increase of over 340%[18] - The company experienced a 406.28% increase in interest expenses, amounting to ¥16,120,519.04, attributed to the issuance of convertible bonds[9] - The company's inventory impairment loss was recorded at ¥139,580,676.69, primarily due to increased inventory write-downs[9] Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[19] - The company established a wholly-owned subsidiary, Ningbo Zhonghang Industrial Co., Ltd., with an annual production capacity of 4,000 tons of high-performance sintered neodymium iron boron[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,076[11] - Jiangsu Huahong Industrial Group Co., Ltd. holds 34.52% of shares, totaling 200,884,632 shares, which are pledged[11] Audit Status - The first quarter report was not audited[23]

证券代码：002645 证券简称：华宏科技 江苏华宏科技股份有限公司投资者关系活动记录表 编号：2015-001 | --- | --- | --- | |------------------|----------------------------|-------| | | | | | 投资者关系活动类 | √ 特定对象调研 □分析师会议 | | | 别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及人 | 方正证券 徐闯； | | | 员姓名 | 广州证券 赵文； | | | | 广发证券 王珂 唐晢； | | | | 光大证券 王凯； | | | | 银河证券 李辰； | | | | 东北证券 朱纪征； | | | | 景顺长城 郑巍山； | | | | 中金环保 孙维容； | | | | 南方基金 姚万宁； | | | | 玖歌投资 李佳培； | | | | 农银汇理 王晓辉； | | | --- | --- | |------------------|------------------- ...

证券代码：002645 证券简称：华宏科技 江苏华宏科技股份有限公司投资者关系活动记录表 编号：2016-001 | --- | --- | --- | |------------------|------------------------------|--------------------------------------------------------| | | | | | 投资者关系活动类 | √ | 特定对象调研 □分析师会议 | | 别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及人 | 民生证券 王宁 | | | 员姓名 | | | | 时间 | 2016 年 11 月 1 | 日 | | 地点 | 公司会议室 | | | 上市公司接待人员 | | 董事、副总经理、董事会秘书：朱大勇 | | 姓名 | 证券事务代表：蒋祖超 | | | 投资者关系活动主 | | 本次投资者见面会主要围绕公司近期发展状况、未来战略规 | | 要内容介绍 | 划以及再生资源行业现状展开。 | | ...

证券代码：002645 证券简称：华宏科技 江苏华宏科技股份有限公司投资者关系活动记录表 编号：2017-001 | --- | --- | --- | |-------------------------|-------------------------|--------------------------------------------------------| | | | | | 投资者关系活动类 | √ | 特定对象调研 □分析师会议 | | 别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及人 员姓名 | 国联证券 马松、陈猛 | | | 时间 | 2017 年 6 月 29 | 日 | | 地点 | 公司会议室 | | | 上市公司接待人员 | | 董事、副总经理、董事会秘书：朱大勇 | | 姓名 | 证券事务代表：蒋祖超 | | | | | 本次投资者见面会主要围绕公司战略转型推进情况、再生资 | | | | 源行业发展现状及电梯部件业务发展情况展开。 | | 投资者关系活动主 ...

证券代码：002645 证券简称：华宏科技 江苏华宏科技股份有限公司投资者关系活动记录表 编号：2017-002 | --- | --- | --- | |------------------|-------------------------|--------------------------------------------------------| | | | | | 投资者关系活动类 | √ | 特定对象调研 □分析师会议 | | 别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | □ 其他 | | 参与单位名称及人 | | 广发证券 王珂；东方证券 赵梓涵；汇丰晋信 陆彬； | | 员姓名 | | 长城基金 周诗博；泰信基金 董季周；兴业证券 王丽佳； | | | | 安信证券 李哲、周喆；东北证券 刘军 | | 时间 | 2017 年 8 月 17 | 日 -8 月 18 日 | | 地点 | 公司会议室 | | | 上市公司接待人员 | | 董事、副总经理、董事会秘书：朱大勇 | | 姓名 | 证券事务代表：蒋祖超 | | | | ...