Financial Performance - The company's operating revenue for 2022 reached ¥6,222,551,128.43, a significant increase of 88.0% compared to ¥3,301,519,785.95 in 2021[105]. - Operating profit for 2022 was ¥506,810,637.22, up 45.5% from ¥348,283,159.39 in the previous year[106]. - Net profit for 2022 amounted to ¥474,020,485.63, representing a 55.3% increase from ¥305,376,457.04 in 2021[106]. - The total profit for 2022 was ¥504,938,324.82, up 50.0% from ¥336,585,788.04 in the previous year[106]. - The net profit after deducting non-recurring gains and losses for the reporting period was RMB 38,574.82 million, an increase of 50.68% compared to RMB 25,600.60 million in the same period last year[85]. - The company reported a net increase in owner's contributions of 57,903,562.06 yuan during the period[142]. - The total comprehensive income for the year amounted to 404,222,705.32, compared to 266,513,022.37 in the previous year, indicating an increase of about 51.7%[139]. Research and Development - R&D expenses rose by 74.12% to ¥311,340,171.53 in 2022, reflecting increased investment in R&D[2]. - The total R&D investment reached ¥327,966,496.13 in 2022, accounting for 5.19% of operating revenue[5]. - The number of R&D personnel increased by 31.27% to 361 in 2022 compared to 275 in 2021[5]. - Research and development expenses rose to ¥252,205,513.67 in 2022, up 93.6% from ¥130,213,992.65 in 2021, indicating a strong focus on innovation[105]. - The company aims to develop low-cost production processes for high-performance NdFeB magnets for new energy vehicles[3]. - The company plans to enhance its market competitiveness through the development of new technologies and products, including high-efficiency controllers[3]. - The company plans to continue investing in R&D and market expansion strategies to sustain growth and enhance competitive advantage in the industry[137]. Cash Flow and Liquidity - Operating cash inflow increased by 63.96% to ¥5,720,723,198.57 in 2022 from ¥3,489,198,514.55 in 2021[6]. - Net cash flow from operating activities decreased by 35.04% to ¥231,514,844.18 in 2022[6]. - The company reported a net cash increase of ¥512,678,748.66 for the year, compared to ¥201,193,581.15 in 2021, reflecting improved cash flow management[109]. - The cash flow from financing activities showed a net inflow of ¥773,711,383.57 in 2022, a turnaround from a net outflow of -¥260,190,355.22 in 2021[109]. - The cash inflow from financing activities totaled CNY 2,431,196,225.55 in 2022, a substantial increase from CNY 161,823,378.95 in 2021[163]. - The company received CNY 1,736,294,347.29 in borrowings in 2022, a significant rise from CNY 31,558,619.83 in 2021[163]. - The company reported a cash inflow of CNY 8,920,773.13 from investment income in 2022, down from CNY 23,989,123.12 in 2021[162]. Assets and Liabilities - Total assets increased to ¥8,879,525,208.49, up from ¥5,104,518,407.64, representing a growth of approximately 73.5%[100]. - The company's asset-liability ratio increased to 58.65%, up by 14.12% from 44.53% at the end of the previous year[85]. - Total liabilities reached ¥5,207,984,137.11, up from ¥2,273,233,195.49, indicating a growth of around 128.5%[101]. - Owner's equity increased to ¥3,671,541,071.38 from ¥2,831,285,212.15, representing a growth of approximately 29.7%[101]. - Current liabilities rose to ¥4,002,299,803.14 from ¥2,146,891,753.05, an increase of approximately 86.3%[100]. - The company's total equity at the end of the year was CNY 2,884,251,980.49[175]. Financial Management - The company's financial expenses decreased significantly to -¥1,454,639.45 in 2022 from ¥16,567,601.81 in 2021, indicating better financial management[105]. - The interest coverage ratio improved to 45.2 times, an increase of 26.15% from 35.83 times in the previous year[85]. - The company's EBITDA interest coverage ratio was 56.18, up by 20.64% from 46.57 in the previous year[85]. - The company incurred financial expenses of -1,580,226.78, a notable decrease from 17,670,069.37 in the previous period, indicating improved financial management[132]. Investments - The company made a significant equity investment of ¥100,000,000.00 in Nantong Zhenghai Magnetic Materials Co., holding a 100% stake, with an investment loss of ¥14,009,200.50 reported[16]. - The company has engaged in entrusted wealth management with various banks, with a total amount of 5,000 million from CITIC Bank yielding a return of 60.57 million at a rate of 4.75%[38]. - The company also invested 15,000 million with Guangfa Bank, achieving a return of 55.48 million at a rate of 1.50%[38]. - The company has multiple investments with Huaxia Bank, including 10,000 million yielding 20.77 million at a rate of 2.17%[42]. - The company has not reported any expected inability to recover principal or other impairment risks related to entrusted wealth management[44]. Environmental and Social Responsibility - The company achieved a carbon neutrality milestone on January 1, 2022, resulting in a reduction of CO2 emissions by 336,548.3 kg, SO2 by 191.29 kg, and NOx by 175.01 kg[23]. - There were no significant legal disputes or administrative penalties related to environmental issues during the reporting period[29].

出席本次年度业绩说明会的人员有：公司董事长王庆凯先生，董事、总经 理李志强先生，独立董事王吉法先生，副总经理、财务总监、董事会秘书高波女 士，保荐代表人龙忆先生。 | 证券代码：300224 | 证券简称：正海磁材 公告编号：2023-12-01 | | --- | --- | | 转债代码：123169 | 转债简称：正海转债 | 烟台正海磁性材料股份有限公司 关于举办2022年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 烟台正海磁性材料股份有限公司（以下简称"公司"）已于 2023 年 3 月 28 日发布了 2022 年年度报告。为便于广大投资者更深入、全面地了解公司情况， 公司定于 2023 年 3 月 31 日（星期五）下午 15:00-17:00 在机会宝举办 2022 年度网上业绩说明会。 本次年度业绩说明会采用网络远程的方式举行，投资者可登录机会宝 （https://n.jhbshow.com/live-text/2124749289 或扫描下方二维码）参与本 次年度业绩说明会。 董事会 为充分尊重投资者，提升交流的 ...

Financial Performance - In the first three quarters of 2022, the company achieved total operating revenue of 455,718.30 million yuan, representing a year-on-year increase of 89.84% [2] - The net profit attributable to shareholders was 30,509.57 million yuan, with a year-on-year growth of 66.21% [2] - Basic earnings per share reached 0.37 yuan, reflecting a year-on-year increase of 68.18% [2] Production and Capacity Expansion - The company is actively expanding production capacity across three major bases, with a focus on meeting market demand [3] - A new project for electronic special materials manufacturing aims to establish a production capacity of 6,000 tons per year for high-performance rare earth permanent magnets [3] - The Nantong base project is progressing well, with several main buildings completed and equipment installation underway [3] Raw Material Management - The company employs a procurement model that combines "production-based procurement" and "reasonable inventory" to ensure stable supply and production continuity [4] - Long-term agreements and random procurement strategies are utilized to manage raw material inventory effectively [4] Impact of COVID-19 - The company's operations remain normal, with established response plans and mechanisms to manage potential impacts from the pandemic [4] - Measures have been implemented to ensure the smooth delivery of orders despite challenges posed by COVID-19 [4] Investor Relations - The company maintains strict adherence to information disclosure regulations, ensuring that all communications are accurate, complete, and timely [4]

Group 1: Company Performance and Strategy - The company is confident in achieving the performance targets set in the equity incentive plan [3] - The raw material inventory cycle is generally around 2 months, adhering to a sales-driven production and procurement strategy [3] - After resolving patent restrictions with Hitachi Metals, the company is well-positioned to expand its international market presence, leading to a significant increase in overseas sales compared to last year [3] Group 2: Client and Market Focus - Shanghai Dajun primarily serves clients in the new energy vehicle motor drive system sector, covering various downstream demands including passenger cars and commercial vehicles [3] - Following the completion of the asset acquisition project, Shanghai Dajun will continue to focus on the research, production, and sales of new energy vehicle motor drive systems, with full support from the company [3] Group 3: Product and Profit Composition - The company's products are mainly applied in high-end markets such as wind power, energy-saving elevators, variable frequency air conditioning, EPS, new energy vehicles, and consumer electronics, with wind power being the largest revenue contributor [4] - The market share in air conditioning, EPS, and new energy vehicles is rapidly increasing [4] Group 4: Market Conditions - The company views rare earth prices as being relatively stable, influenced by national policies and market supply and demand factors [4]

Group 1: Company Strategy and Operations - The company plans to support Shanghai Dajun in expanding its main business in the research, production, sales, and service of electric motor drive systems for new energy vehicles after the completion of the asset acquisition project [3] - The company has established a strong brand image and gained recognition from high-end clients due to its focus on high-performance NdFeB permanent magnet materials and strong R&D capabilities [3] - The company aims to enhance its product structure by increasing sales in the automotive and electronics markets while expanding its overseas market efforts [3] Group 2: Competitive Advantages and Market Position - The company maintains a competitive edge over its main rivals through superior product quality and efficient management practices [3] - The gross profit margin is closely related to the operating rate and product structure, with expectations for improvement as the operating rate increases and product structure optimizes [3][4] - The company has successfully become a major supplier of NdFeB to leading domestic new energy vehicle manufacturers and has begun bulk supply after passing international certifications [4] Group 3: Pricing and Market Conditions - The company employs a cost-plus pricing strategy for its customized non-standard products, considering factors such as production complexity [3] - The current rare earth prices are viewed as relatively stable, influenced by national policies and market supply-demand dynamics [4]