Financial Performance - In 2022, the company achieved total operating revenue of CNY 583,440.65 million, a year-on-year increase of 7.30% [2] - Net profit attributable to shareholders was CNY 20,446.60 million, a significant year-on-year growth of 565.29% [2] - The growth in performance was primarily driven by strong downstream market demand for aluminum foil and the release of production capacity from Anhui Zhongji [2] Aluminum Processing Business - The aluminum processing segment generated operating revenue of CNY 368,244.67 million in 2022, reflecting a year-on-year growth of 29.24% [2] - Sales volume reached 15.49 million tons, up 25.43% year-on-year, with a gross profit margin increase of 6.67% [2] - The aluminum foil business sold 10.13 million tons, with Jiangsu Zhongji contributing 7.40 million tons and Anhui Zhongji contributing 2.73 million tons [2] Production Capacity and Expansion - Jiangsu Zhongji has a current aluminum foil production capacity of 83,000 tons, while Anhui Zhongji is building a high-precision electronic aluminum foil project with a total capacity of 72,000 tons [3] - The total aluminum foil production capacity across both bases is expected to reach 255,000 tons upon project completion [3] - The company is also expanding its aluminum plate and strip production capacity to 240,000 tons through ongoing projects [3] Functional Film Business - In 2022, the functional film segment sold 1.41 million square meters, a year-on-year increase of 89.41%, but revenue decreased by 25.77% to CNY 2,478.29 million [3] - The company is focusing on high-barrier films, car wrap films, and energy-saving films, with products already in mass production for photovoltaic applications [4] Strategic Focus and Future Plans - The company aims to concentrate resources on core businesses, seizing opportunities in new energy, energy storage, and photovoltaic sectors [4] - Plans include optimizing the industrial chain, enriching the product system, and fostering new profit growth points [4] - Continuous innovation and improvement of production processes are prioritized to enhance product gross margins [4]

Financial Performance - The company's operating revenue for 2022 was approximately ¥5.83 billion, an increase of 7.30% compared to ¥5.44 billion in 2021[24]. - The net profit attributable to shareholders for 2022 was approximately ¥204.47 million, a significant increase of 565.29% from a loss of ¥43.94 million in 2021[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥197.00 million, up 464.57% from a loss of ¥54.03 million in 2021[24]. - The total assets at the end of 2022 reached approximately ¥10.31 billion, representing a growth of 32.82% from ¥7.76 billion at the end of 2021[24]. - The company's basic earnings per share for 2022 was ¥0.2884, compared to a loss of ¥0.0666 in 2021, marking an increase of 533.03%[24]. - The company reported a negative cash flow from operating activities of approximately ¥109.24 million in 2022, a decline of 175.89% from a positive cash flow of ¥143.95 million in 2021[24]. - The company achieved a total operating revenue of 583,440.65 million yuan in 2022, representing a year-on-year increase of 7.30%[47]. - Net profit attributable to shareholders reached 20,446.60 million yuan, a significant year-on-year growth of 565.29%[47]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 19,699.61 million yuan, up 464.57% year-on-year[47]. Business Segments - The company operates three main business segments: aluminum processing, paper packaging materials, and functional films[17]. - The aluminum processing business generated revenue of CNY 368,244.67 million, up 29.24% year-on-year, driven by strong downstream market demand[51]. - The paper packaging materials business reported revenue of CNY 45,929.55 million, a decline of 9.33% year-on-year, due to slowing end-consumer demand[52]. - The functional film business generated revenue of CNY 2,478.29 million, down 25.77% year-on-year, while improving gross margin through product structure optimization[53]. Research and Development - The company has accumulated 42 invention patents and 250 utility model patents by the end of 2022, highlighting its strong focus on R&D innovation[48]. - The company filed for 31 new patents during the reporting period, enhancing its innovation capabilities[50]. - The company aims to strengthen its R&D capabilities by recruiting and training more technology talents to drive innovation in new materials[54]. - Research and development expenses increased by 31.75% to ¥89,470,144.24 in 2022, compared to ¥67,910,186.36 in 2021, due to higher product development investments[68]. Market Trends - The global packaging market is projected to grow from $806.3 billion in 2016 to $1,162.1 billion by 2026, reflecting a compound annual growth rate (CAGR) of 3.8%[37]. - The new materials industry in China is expected to achieve a CAGR of 18.7% from 2015 to 2025, reaching a market size of 10 trillion yuan[38]. - The demand for battery aluminum foil is driven by the growth of new energy vehicles and is projected to benefit from a global power battery shipment volume of no less than 1,400 GWh by 2025[37]. - The paper packaging industry is shifting towards green and environmentally friendly materials, adhering to the "3R" standards of reduction, reuse, and recycling[41]. Risk Management - The company acknowledges various risks including technological innovation risks, raw material price fluctuations, and market expansion risks[3]. - The company emphasizes the importance of risk awareness among investors regarding future plans and forecasts[3]. - The company is addressing risks related to raw material price fluctuations by diversifying procurement channels and implementing hedging strategies[113]. - The company is enhancing its overseas business risk management by balancing foreign currency assets and liabilities[114]. Corporate Governance - The governance structure of the company complies with relevant laws and regulations, with no unresolved governance issues reported[121]. - The company has been actively improving its internal management and control systems to enhance governance levels[121]. - The company emphasizes a strong governance structure with various committees, including audit and remuneration committees, to enhance accountability[129]. - The board of directors held multiple meetings during the reporting period, with significant resolutions disclosed on various dates[143]. Shareholder Engagement - The company conducted multiple investor communications, including on-site and telephone meetings, with various financial institutions throughout 2022[117][118]. - The first interim shareholder meeting in 2022 had an investor participation rate of 38.26%[123]. - The annual shareholder meeting on April 19, 2022, saw a participation rate of 38.53%[123]. - The company emphasizes the importance of investor rights protection, ensuring timely and accurate information disclosure through various communication channels[189]. Environmental Responsibility - The company has implemented strict measures to manage waste emissions, including waste gas, wastewater, and solid waste[179]. - The company reported no instances of exceeding the pollution discharge standards in its operations[179]. - The company has a comprehensive environmental protection strategy in place, adhering to relevant regulations and standards[179]. - In 2022, the company invested CNY 8.7858 million in environmental governance and protection, and paid CNY 33,400 in environmental protection tax[185]. Strategic Investments - The company is focusing on expanding its production capacity, with a project aimed at producing 100,000 tons of power and energy storage battery foil[92]. - The company approved a proposal to invest in a new energy coating foil project with an annual production capacity of 50,000 tons[150]. - The company plans to establish a wholly-owned subsidiary in Shenzhen for new material investments[150]. - The company is expected to apply for comprehensive credit financing for the year 2023[151]. Employee Management - The total number of employees at the end of the reporting period was 2,283, with 1,444 in production, 92 in sales, 307 in technology, 78 in finance, and 362 in administration[156]. - The company has established a comprehensive welfare system, including social insurance and housing funds, to support employee benefits[157]. - The employee stock ownership plan (ESOP) includes 234 participants, comprising 10 directors, supervisors, and senior management, along with 224 other employees[168]. - The company emphasizes performance-based incentives in its compensation policy, linking individual performance to organizational value creation[157].

Group 1: Company Overview - Wanshun New Materials focuses on the new materials industry, primarily engaged in aluminum foil, functional films, and paper packaging materials, ranking 91st among the top 500 manufacturing enterprises in Guangdong Province in 2022 [2] - The company is a leading player in its niche market with strong competitive advantages [2] Group 2: Aluminum Processing Business - The aluminum processing segment is the largest contributor to the company's performance, with a complete industrial chain from aluminum plate strips to aluminum foil and carbon-coated foil [2] - Current aluminum foil production capacity includes 83,000 tons from Jiangsu Zhongji and 72,000 tons from Anhui Zhongji, with additional projects expected to increase total capacity to 255,000 tons by 2024 [2][3] Group 3: Battery Aluminum Foil Market Expansion - The battery aluminum foil market is expanding steadily, with a minimum supply agreement of 320,000 tons signed with CATL for 2023-2026 [3] - The company has established stable partnerships with several leading battery manufacturers, leveraging brand influence and technical reserves [3][4] Group 4: High-Barrier Film Project - The high-barrier film production base has begun to release capacity, with products applied in photovoltaic, packaging, and quantum dot display fields [3] - The company has developed recyclable single-material (PP) and heat-resistant transparent high-barrier films to meet global green development trends [3] Group 5: Quality Development Initiatives - The company has proactively upgraded its product structure, developing aluminum foil products for new energy batteries and establishing a dedicated production base [4] - Ongoing projects include a 32,000-ton phase II and a 100,000-ton phase III battery aluminum foil project to support high-quality development [4]

Group 1: Market Performance - The traditional paper packaging materials business has seen a slowdown in growth due to the impact of anti-smoking policies and high consumption control, leading to a 5.39% year-on-year increase in revenue, reaching over 300 million yuan [3] - The company has intensified market expansion efforts, resulting in stable growth in the paper packaging materials sector [3] Group 2: Aluminum Foil Business - The pricing model for aluminum foil processing is based on the aluminum ingot price plus processing fees, with export pricing linked to the London Metal Exchange (LME) aluminum price [3] - Fluctuations in domestic and international aluminum prices have affected profitability; an increase in LME prices benefits exports, while a rise in domestic prices raises procurement costs [3] - The gap between domestic and international aluminum prices has gradually shifted favorably for the company, providing a positive market environment for its aluminum foil business [3] Group 3: Conductive Film Project - The second phase of the conductive film project has seen the commissioning of the second main production line in March, with sales revenue reaching 65.87 million yuan in the first half of the year [4] - The company is enhancing customer relationships and promoting product validation among downstream brand manufacturers to increase brand recognition [4] Group 4: Energy-Saving Film Development - The company is leveraging its technical strengths in eco-friendly packaging and conductive films to enter the energy-saving film market, utilizing advanced production techniques [4] - The main products for energy-saving films are targeted at the mid-to-high-end market, with annual demand in the automotive glass sector projected to exceed 100 million square meters, and over 30 million square meters for mid-to-high-end films [4] - The global demand for energy-saving films in the construction sector is estimated at 21 million square meters, with significant market potential for retrofitting existing high-energy-consuming buildings in China [5] Group 5: Fundraising Project - The company’s fundraising project is currently under review by the China Securities Regulatory Commission, with details on the target and pricing yet to be determined [5]

Group 1: Energy-Saving Film Overview - Energy-saving film is a multi-layer functional polyester composite film (PET) used primarily for automotive and building glass applications, enhancing performance and strength while providing insulation, energy savings, and safety features [2][3]. - The production line for energy-saving film has an annual capacity of 2.4 million square meters, with a total investment of 40.851 million yuan, including approximately 26.2 million yuan for equipment [3][4]. Group 2: Project Implementation and Economic Benefits - The project has a total duration of 20 months, with 4 months allocated for preparation and 16 months for construction and commissioning [3][4]. - The project is expected to generate annual sales revenue of 36 million yuan and a net profit of 6.46382 million yuan, with a payback period of 5.59 years post-construction [4]. Group 3: Market Demand and Future Prospects - The market demand for energy-saving film in the automotive sector is estimated at over 300 million square meters annually, with high-end film demand exceeding 30 million square meters [4]. - In the building sector, the projected demand for energy-saving film is 21 million square meters, driven by the need to retrofit existing high-energy-consuming buildings [4][5].

证券代码：300057 证券简称：万顺股份 汕头万顺包装材料股份有限公司投资者关系活动记录表 编号：20150910 | --- | --- | --- | |-----------------------|------------------------------|-----------------------------------------------------------------| | | | | | | √ | 特定对象调研 □分析师会议 | | 投资者关系 | □ 媒体采访 □业绩说明会 | | | 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 | | 长城国瑞证券有限公司——黄文忠、郑学军 | | 人员姓名 | | | | 时 间 | 2015 年 9 月 10 | 日 15:00 | | 地 点 | | 汕头万顺包装材料股份有限公司会议室 | | 上市公司接待人 员姓名 | | 董事会秘书-黄薇、证券事务代表-杨时哲 | | 投资者关系活动 | 问：定增项目节能膜产品介绍？ | ...

证券代码：300057 证券简称：万顺股份 汕头万顺包装材料股份有限公司投资者关系活动记录表 编号：20151126 | --- | --- | --- | --- | |-----------------------|-------------------------------|----------------------------------------------------|--------------| | | | | | | | √ | 特定对象调研 □分析师会议 | | | 投资者关系 | □ | 媒体采访 □业绩说明会 | | | 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 | | 安信证券股份有限公司——雷慧华 | | | | | 中银基金管理有限公司——王佳晨 | | | 人员姓名 | | 海通证券股份有限公司——刘蓬勃 | | | 时 间 | 2015 年 11 月 26 | 日 14:00 | | | 地 点 | | 汕头万顺包装材料股份有限公司会议室 | | | ...

Group 1: Aluminum Foil Business - The aluminum foil business is experiencing stable growth due to reduced price differences domestically and internationally, benefiting export opportunities [2][3] - Jiangsu Zhongji has established long-term partnerships with well-known brands, enhancing product quality and supply stability [3] - In December 2014, Jiangsu Zhongji acquired a 60% stake in Jiangsu Huafeng Aluminum Co., which will help reduce production costs and improve profitability [3] Group 2: Paper Packaging Materials - The growth rate of the cigarette market is slowing due to anti-smoking policies and high consumption control, impacting the paper packaging materials sector [3] - The company is actively expanding into other markets such as daily goods and food packaging to maintain stable development in paper products [3] Group 3: Conductive Film Business - The conductive film business has seen significant growth, with increased brand recognition after certifications from Lenovo and Coolpad [3][4] - The company is enhancing product competitiveness through ongoing collaborations with downstream brand manufacturers [3][4] Group 4: Non-Public Stock Issuance - The non-public stock issuance is progressing normally, following the relevant procedures of the China Securities Regulatory Commission [4] - The funds raised will be invested in energy-saving film projects, which are multi-layer functional polyester composite films used in various glass applications [4][5] Group 5: Market Potential for Energy-Saving Films - The annual market demand for energy-saving films in the automotive sector is projected to exceed 100 million square meters, with high-end films demand at over 30 million square meters [5] - In the construction sector, the global demand for energy-saving films is estimated at 21 million square meters, with significant market potential for retrofitting existing high-energy-consuming buildings [5]