编 号： 2018-005 证券代码：300340 证券简称：科恒股份 江门市科恒实业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|----------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | 类别 | □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 | 新时代证券 陈皓 | | | 人员姓名 | | | | 时间 | 2018 年 5 月 2 | 日 9：00-11：00 | | 地点 | 科恒股份江门会议室 | | | 上市公司接待人 员姓名 | 董事会秘书 唐秀雷 | | | 投资者关系活动 | 1 、公司锂电设备订单情况 | | | 主要内容介绍 | | 答：目前订单洽谈和签订情况较为平稳，没有特别大的波动， ...

Financial Performance - The company's revenue for Q3 2022 was ¥1,083,513,458.21, representing a 16.23% increase year-over-year[5] - The net profit attributable to shareholders was -¥47,034,531.32, a decrease of 422.67% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥64,086,432.34, a decline of 594.78% year-over-year[5] - Total operating revenue for the first nine months of 2022 reached ¥2,706,892,936.53, a 14.38% increase compared to ¥2,366,582,425.19 in the same period of 2021, primarily due to a significant increase in the sales price of lithium battery cathode materials[10] - Net profit for the first nine months of 2022 was a loss of ¥57,708,564.05, a decrease of 346.92% compared to a profit of ¥23,371,221.73 in the same period of 2021, attributed to a decline in gross profit margin[10] - The company's net loss for the period was ¥57,877,900.47, compared to a loss of ¥40,114,987.50 in the previous year[20] - The net profit for Q3 2022 was -57,708,564.05 CNY, compared to a net profit of 23,371,221.73 CNY in Q3 2021, indicating a significant decline[22] - Operating profit for Q3 2022 was -104,716,668.14 CNY, down from 25,195,644.50 CNY in the same period last year[22] - Total revenue from operating activities was 1,654,784,884.61 CNY, a decrease from 2,315,525,355.46 CNY in Q3 2021, representing a decline of approximately 28.5%[23] - The total comprehensive income for Q3 2022 was -57,708,564.05 CNY, compared to 22,959,104.33 CNY in the same quarter of the previous year[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,955,626,143.81, an increase of 11.97% from the end of the previous year[5] - The total liabilities increased to ¥4,307,518,806.33, compared to ¥3,719,297,265.88 at the beginning of the year, marking a rise of 15.8%[20] - The company's total equity attributable to shareholders decreased by 8.21% to ¥647,155,417.51 compared to the end of the previous year[5] - The company's equity attributable to shareholders decreased to ¥647,155,417.51 from ¥705,033,317.98, reflecting a decline of 8.2%[20] Cash Flow - Cash flow from operating activities showed a net inflow of ¥44,883,945.81, down 72.53% year-to-date[5] - Cash flow from operating activities decreased by 72.53% to ¥44,883,945.81, down from ¥163,370,375.59, primarily due to increased payments for goods[10] - Cash flow from investing activities showed a net inflow of ¥3,196,777.16, a significant improvement compared to a net outflow of ¥94,222,836.06 in the previous year, mainly due to the disposal of a stake in Guangzheng Kexing[10] - Cash flow from financing activities resulted in a net outflow of ¥23,427,906.72, a 484.52% increase in outflow compared to ¥6,092,781.19 in the same period last year, primarily due to repayments of funds borrowed from related parties[10] - The company reported a cash outflow from financing activities of -23,427,906.72 CNY, compared to -6,092,781.19 CNY in Q3 2021[24] Inventory and Borrowings - Inventory increased by 34.35% to ¥2,230,991,943.56, primarily due to increased stock for timely delivery by a subsidiary[9] - Short-term borrowings rose by 65.57% to ¥350,497,489.46, attributed to new loans taken during the period[9] - The company's inventory increased significantly to ¥2,230,991,943.56, compared to ¥1,660,539,042.09 at the beginning of the year, reflecting a growth of 34.3%[19] - Short-term borrowings rose to ¥350,497,489.46, compared to ¥211,690,000.00 at the start of the year, indicating a 65.7% increase[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,764, with no preferred shareholders[12] - The largest shareholder, Wanguo Jiang, holds 14.36% of the shares, amounting to 30,453,975 shares, with 22,840,481 shares pledged[12] Operating Costs and Expenses - Operating costs increased by 17.88% to ¥2,495,400,836.34, up from ¥2,116,841,824.92, mainly due to a substantial rise in the procurement prices of lithium battery raw materials[10] - Total operating costs amounted to ¥2,797,509,171.35, up 17.1% from ¥2,388,786,078.10 year-on-year[21] - Research and development expenses for the quarter were ¥151,035,117.96, an increase of 19.8% from ¥125,936,908.47 in the same period last year[21] Taxation and Other Income - Other income increased by 30.31% to ¥32,898,563.66, compared to ¥25,247,337.52, mainly due to a significant increase in government subsidies[10] - The company reported a 61.75% increase in taxes and surcharges, totaling ¥5,966,729.22, compared to ¥3,688,896.90 in the previous year[10] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to ¥104,285,733.86 from ¥112,228,369.73 at the beginning of the year, a decline of 7.5%[19] - Cash and cash equivalents at the end of Q3 2022 totaled 45,867,945.64 CNY, compared to 98,727,832.62 CNY at the end of Q3 2021, reflecting a decrease of about 53.6%[24] Foreign Exchange Impact - The company experienced a foreign exchange impact of -18,603.69 CNY on cash and cash equivalents during the quarter[24] Audit Information - The company did not conduct any audited review of the Q3 2022 report[25]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,623,379,478.32, representing a 13.18% increase compared to ¥1,434,373,354.91 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was a loss of ¥10,843,369.16, a decrease of 234.14% from a profit of ¥8,083,362.12 in the previous year[22]. - The net cash flow from operating activities increased significantly to ¥72,335,028.02, up 713.70% from ¥8,889,671.45 in the same period last year[22]. - The total assets at the end of the reporting period were ¥4,848,581,597.23, reflecting a 9.55% increase from ¥4,425,848,167.41 at the end of the previous year[22]. - The company's weighted average return on net assets was -1.55%, a decrease of 2.71% compared to 1.16% in the previous year[22]. - The net profit after deducting non-recurring gains and losses was a loss of ¥39,112,993.64, which is a 765.48% decline from a loss of ¥4,519,208.63 in the same period last year[22]. - The basic and diluted earnings per share were both -¥0.0511, a decrease of 234.12% from ¥0.0381 in the previous year[22]. - The company's revenue for the reporting period reached ¥1,623,379,478.32, representing a year-on-year increase of 13.18%, primarily due to a significant rise in the sales price of lithium battery cathode materials[60]. - The cost of sales increased to ¥1,464,622,357.31, a 12.14% rise compared to the previous year, mainly driven by the substantial increase in the procurement prices of lithium battery raw materials[60]. - Sales expenses decreased by 47.57% to ¥11,246,725.46, primarily due to transportation costs being included in the cost of sales[60]. - Management expenses rose by 35.71% to ¥60,127,644.16, mainly attributed to increased wages and benefits during the reporting period[60]. Revenue Sources - Revenue from lithium battery cathode materials reached CNY 1,102,456,829.11, with a year-on-year growth of 15.49%[31]. - Revenue from lithium battery equipment was CNY 394,369,381.11, showing a year-on-year increase of 2.72%[31]. - The total revenue from cathode materials and lithium equipment accounted for 92.2% of the total revenue for the reporting period[31]. Research and Development - The company is actively enhancing its R&D capabilities, focusing on developing urgently needed products and improving existing product performance[36]. - The company has applied for a total of 185 national patents, including 38 invention patents and 77 utility model patents, showcasing its commitment to innovation[56]. - Research and development investment increased by 29.34% to 90,478,224.13 CNY, driven by increased revenue and a focus on R&D[61]. - The company plans to enhance its R&D investment in high-voltage, high-energy density, and high-nickel lithium-ion battery cathode materials, which have started to contribute to sales revenue[99]. - The company is developing new products including sodium batteries, phosphate systems, and low-cobalt or cobalt-free systems, all of which are progressing steadily[99]. Market Trends - The lithium-ion battery market is expected to continue growing, driven by demand in consumer electronics and new energy vehicles[38]. - The domestic new energy vehicle market maintained strong growth, with cumulative production of 2.071 million units from January to May 2022, representing a year-on-year increase of 114.2%[39]. - Global sales of new energy vehicles reached approximately 3.2 million units from January to May 2022, a year-on-year growth of 66%[39]. - The global power battery shipment volume is expected to reach 1.5 TWh by 2025, indicating significant market potential for the lithium-ion battery industry[39]. - The cumulative installed capacity of global energy storage is projected to reach 741 GWh by 2030, driven by decreasing costs of electrochemical energy storage systems[40]. Operational Challenges - The company has acknowledged potential risks in its operations and has outlined corresponding countermeasures in its report[4]. - The company has implemented measures to stabilize raw material supply and control costs, including establishing a stable supplier system and flexible pricing strategies[98]. - The company has established dedicated departments to manage project progress and acceptance to address short-term liquidity needs due to increased inventory[100]. - The company reported a significant increase in accounts receivable, which stood at CNY 1,029,934,330.47, down from CNY 1,162,626,825.40, a decrease of about 11.4%[169]. Strategic Initiatives - The company plans to build a new 100,000 square meter production base in Zhuhai, expected to commence production in 2023[58]. - The company has formed a dual-driven model with its materials and intelligent equipment sectors, enhancing resource integration and operational efficiency[51]. - The company is focusing on technological advancements and innovation in its product offerings to enhance competitiveness[199]. - The company aims to improve its operational efficiency and reduce costs through strategic initiatives[199]. - The company is exploring potential mergers and acquisitions to accelerate growth and market presence[199]. Shareholder Information - The company has not distributed cash dividends or bonus shares for the half-year period[109]. - The company has established a cash dividend policy in accordance with its articles of association, promoting shareholder value[116]. - The total number of shares outstanding is 212,144,720, with 100% of shares accounted for[151]. - The largest shareholder, Zhuzhou High-Tech Group, holds 12,500,000 shares, representing 5.89% of total shares[156]. - The total number of shareholders with voting rights at the end of the reporting period is 26,070[155]. Environmental and Social Responsibility - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities, and there were no administrative penalties due to environmental issues during the reporting period[116]. - The company has implemented measures to reduce carbon emissions, although specific details on the effectiveness of these measures were not disclosed[116]. - The company maintains a commitment to social responsibility, focusing on employee welfare and community engagement[118].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,434,373,354.91, representing a 117.21% increase compared to ¥660,368,711.76 in the same period last year[24]. - The net profit attributable to shareholders was ¥8,083,362.12, a significant turnaround from a loss of ¥34,904,544.48 in the previous year, marking a 123.16% improvement[24]. - The net cash flow from operating activities reached ¥8,889,671.45, compared to a negative cash flow of ¥61,746,229.35 in the same period last year, reflecting a 114.40% increase[24]. - Total assets at the end of the reporting period were ¥3,469,652,819.24, up 36.36% from ¥2,544,495,783.26 at the end of the previous year[24]. - The company's basic earnings per share improved to ¥0.0381 from a loss of ¥0.1645, indicating a 123.16% increase[24]. - The weighted average return on net assets was 1.16%, a recovery from -2.44% in the previous year, showing a 3.60% improvement[24]. - The net profit after deducting non-recurring gains and losses was -¥4,519,208.63, an improvement of 91.64% from -¥54,033,664.28 in the same period last year[24]. - The company reported a net loss of CNY 410,857,423.81, slightly improved from a loss of CNY 418,940,785.93 in the previous period[155]. Revenue Sources - Revenue from lithium battery cathode materials was CNY 954,585,433.67, up 144.13% year-on-year, with sales volume of 0.78 million tons, an increase of 89.62%[31]. - Revenue from lithium battery equipment was CNY 383,929,102.51, reflecting an 81.82% year-on-year growth, with total orders on hand amounting to CNY 3.039 billion as of July 2021[31]. - The company achieved operating revenue of CNY 1,434,373,354.91, representing a year-on-year growth of 117.21%[31]. Research and Development - The company has set up multiple R&D project teams to enhance product performance and quality, ensuring competitiveness in the market[32]. - The company is focusing on the automation of lithium-ion battery production processes, enhancing efficiency and reducing costs[37]. - Research and development investment rose by 33.94% to ¥69,955,038.85, reflecting the company's commitment to enhancing its R&D capabilities[49]. - The company is committed to R&D in new technologies and products, aiming to maintain a competitive edge in the rapidly evolving lithium battery market[41]. Market and Industry Trends - The lithium battery industry is experiencing rapid growth, with China's new energy vehicle production and sales increasing by 10.9% year-on-year in 2020[35]. - The new energy vehicle registration volume reached 774,000 units, a growth of 234.9% year-on-year, and an increase of 473,000 units compared to the first half of 2019, marking a historical high[36]. - The global cumulative energy storage deployment capacity is expected to reach 741 GWh by 2030, indicating a significant market expansion opportunity[36]. Financial Position and Assets - The company's cash and cash equivalents at the end of the reporting period were CNY 154,380,222.13, up from CNY 64,395,548.18 at the end of the previous year[58]. - Accounts receivable rose to CNY 997,984,134.17, accounting for 28.76% of total assets, driven by a substantial rise in sales[58]. - Inventory levels rose to CNY 840,055,299.58, representing 24.21% of total assets, due to increased stocking in response to higher sales[58]. - Total liabilities increased to CNY 2,765,715,255.81 from CNY 1,849,406,394.10, reflecting a growth of approximately 49.4%[154]. Investment and Financing Activities - The company reported a net investment of CNY 83,708,849.75 during the reporting period, a significant increase of 560.33% compared to the previous year[62]. - The net cash inflow from financing activities surged by 589.30% to ¥130,979,372.02, driven by increased borrowing to support the growing sales scale[49]. - The company raised a total of RMB 141,937,225.00 from a private placement of 6,451,691 shares at RMB 22.00 per share, with a net amount of RMB 131,937,225.00 after underwriting fees[68]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly for cobalt and lithium, which could impact revenue and profit margins[83]. - The company is exposed to risks related to the rapid development of the new energy vehicle industry and potential policy adjustments that may adversely affect operations[84]. - The company has recognized goodwill of CNY 388,799,621.35 from the acquisition of Haoneng Technology, with a potential impairment risk if future performance declines[86]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has not established a cash distribution plan due to losses in the previous year, despite emphasizing the importance of investor returns[99]. - The total number of ordinary shareholders at the end of the reporting period is 24,326[137]. - The largest shareholder, Wang Guojiang, holds 14.36% of the shares, totaling 30,453,975 shares, with 24,168,200 shares subject to restrictions[137]. Operational Efficiency - The company has implemented a comprehensive human resources management system, focusing on employee training and development[100]. - The company has established long-term stable business relationships with major clients including CATL, BYD, and Panasonic[32]. - The company’s production model is based on order-driven manufacturing, balancing market forecasts with appropriate inventory levels[32].

Financial Performance - The company reported a significant increase in revenue due to the rapid growth in the lithium-ion battery and automation equipment sectors, driven by the booming electric vehicle industry[8]. - The company's operating revenue for 2021 was ¥3,330,642,471.02, representing a 102.29% increase compared to ¥1,646,469,671.19 in 2020[28]. - The net profit attributable to shareholders in 2021 was ¥13,984,267.23, a significant recovery from a loss of ¥744,955,174.90 in 2020, marking a 101.88% increase[28]. - The net cash flow from operating activities improved to ¥171,960,942.25 in 2021, compared to a negative cash flow of ¥128,966,066.71 in 2020, reflecting a 233.34% increase[28]. - The total assets at the end of 2021 reached ¥4,425,848,167.41, a 73.94% increase from ¥2,544,495,783.26 at the end of 2020[28]. - The company's basic earnings per share for 2021 was ¥0.0659, recovering from a loss of ¥3.5115 per share in 2020[28]. - The weighted average return on equity improved to 1.99% in 2021, up from -69.26% in 2020, indicating a 71.25% increase[28]. - The company achieved a total revenue of approximately CNY 3.33 billion in the reporting period, representing a year-on-year growth of 102.29%[47]. - The net profit attributable to shareholders was approximately CNY 13.98 million, with a year-on-year increase of 101.88%[47]. - The total operating costs increased by 82.44% to 2,173,952,843.96 CNY in 2021 from 1,191,579,262.09 CNY in 2020[68]. Market and Industry Trends - The lithium-ion battery industry is projected to see stable growth in consumer battery demand, with an expected increase from 42 GWh in 2021 to 51.5 GWh in 2023, representing a growth rate of 22.62%[41]. - In 2021, China's production of lithium-ion batteries reached 324 GWh, a year-on-year increase of 106%, with power batteries growing by 175% to 220 GWh[44]. - The penetration rate of new energy vehicles in China rose from 5.76% in 2020 to 14.84% in 2021, with sales reaching 2.99 million units, a growth of 169.1%[42]. - The global demand for power batteries is expected to exceed 650 GWh by 2022, with a compound annual growth rate of nearly 35% projected until 2030[43]. - The company acknowledges the competitive landscape in the lithium-ion battery industry, with increased investment from major players and new entrants[8]. Research and Development - The company plans to continue investing in R&D to enhance product technology and quality, aiming to launch high-end products in the power sector[8]. - The company has multiple R&D project teams focusing on urgent market needs, product performance enhancement, and cutting-edge technology research to maintain competitive advantage[48]. - The company has established several research centers, including the "Guangdong Provincial Enterprise Technology Center," to enhance its R&D capabilities and foster innovation[48]. - The company’s R&D investment has been a key factor in maintaining its competitive edge, focusing on lithium battery cathode materials and automation equipment[55]. - The total R&D investment amounted to ¥185,330,569.08, representing 5.56% of operating revenue, a decrease from 6.75% in the previous year[79]. Operational Challenges - The company has faced challenges due to the ongoing COVID-19 pandemic, affecting production, logistics, and delivery timelines, which has negatively impacted revenue recognition[12]. - The company has implemented proactive measures in procurement, sales pricing, and inventory management to mitigate the impact of raw material price fluctuations on performance[7]. - The company is undergoing expansion and restructuring to enhance its lithium battery equipment business, which presents management challenges due to rapid growth[10]. - The company emphasizes the importance of adapting its management systems to cope with the challenges posed by its expanding scale and operations[10]. Governance and Management - The company’s governance structure complies with the requirements of relevant laws and regulations, ensuring independent operation from its controlling shareholder[111][112]. - The company has established a performance evaluation and incentive mechanism for directors and senior management, linking their compensation directly to the company's operating performance[115]. - The company maintains a strict information disclosure policy, ensuring timely and accurate communication with investors through designated media[115]. - The company has implemented a stock option incentive plan to motivate management and key personnel to achieve better performance[115]. - The company’s board of directors consists of 9 members, including 3 independent directors, meeting legal and regulatory requirements[112]. Financial Management - The company has a total of ¥672,497,668.97 in restricted assets, including cash, accounts receivable, fixed assets, and intangible assets[88]. - The company’s long-term equity investments decreased to ¥187,857,044.6, a decline of 3.88% from ¥206,619,136.11[87]. - The company reported a total distributable profit of -404,114,987.50 yuan, with no cash dividends or stock bonuses distributed during the reporting period[145]. - The company has not declared any cash dividends or stock bonuses for the reporting period[12]. - The company has established and effectively implemented internal control systems to ensure the authenticity and fairness of financial statements[150]. Product Development - The company has developed a range of lithium battery cathode materials, including NCM523 and NCM811, with specific capacities ranging from 155 to 196 mAh/g, targeting applications in electric vehicles and consumer electronics[50]. - The company’s high-precision continuous slitting equipment can achieve a slitting speed of 100 m/min, with burr control within 5 μm, catering to the high precision requirements of power battery electrodes[54]. - The company has created a high-performance manganese acid lithium material for electronic cigarette batteries, achieving excellent discharge and storage performance[77]. - The company is working on a high-capacity low-cost ternary cathode material for mid-to-high-end mobile power supplies, currently in the debugging and qualification phase[76]. - The company has developed a high-cost performance capacity-type lithium cobalt oxide with a yield improvement from 60% to over 90%[76]. Customer and Supplier Relations - The company has formed strategic partnerships with major clients such as CATL and BYD, ensuring long-term stable business relationships in the lithium battery manufacturing sector[48]. - The company’s top five customers accounted for 22.18% of total annual sales, with total sales amounting to 738,894,930.77 CNY[71]. - The total procurement amount from the top five suppliers was 1,396,472,423.83 CNY, representing 38.39% of total annual procurement[72]. Employee Management - The total number of employees at the end of the reporting period was 2,068, with 492 in the parent company and 1,576 in major subsidiaries[140]. - The professional composition included 1,335 production personnel, 419 technical personnel, and 47 sales personnel[140]. - The company plans to enhance its internal training programs to improve employee skills and core competitiveness[143]. - The company has established a fair and competitive salary performance system to align employee interests with company performance[142]. Environmental and Social Responsibility - The company adheres to labor laws and focuses on employee satisfaction and development through training programs[159]. - There were no significant environmental issues or administrative penalties reported during the period[158]. - The company respects and protects the legitimate rights and interests of stakeholders, promoting balanced interests among shareholders, employees, and society[115].

江门市科恒实业股份有限公司 2022 年第一季度报告全文 江门市科恒实业股份有限公司 2022 年第一季度报告 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。 重要内容提示: 3、第一季度报告是否经过审计 □ 是 √ 否 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 785,165,474.39 | 615,413,702.59 | 27.58% | | 归属于上市公司股东的净利润（元） | 15,764,165.93 | 2,165,313.46 | 628.03% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 11,237,513.61 | 1,157,853.80 | 87 ...

Financial Performance - The company's revenue for Q3 2021 reached ¥932,209,070.28, representing a 76.33% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥14,576,704.57, a significant increase of 141.71% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥12,952,540.52, up 135.21% from the previous year[4] - The company reported a 99.03% increase in total operating income for the first nine months of 2021, totaling ¥2,366,582,425.19[11] - The company's basic earnings per share for Q3 2021 was ¥0.0687, up 141.71% year-on-year[4] - The net profit for the third quarter of 2021 was CNY 23,371,221.73, a recovery from a net loss of CNY 69,648,513.87 in the same quarter of the previous year[26] - The company reported a basic and diluted earnings per share of CNY 0.1068, compared to a loss per share of CNY 0.3293 in the previous year[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,103,066,932.62, an increase of 61.25% compared to the end of the previous year[5] - The total assets as of the end of the third quarter of 2021 were CNY 4,103,066,932.62, compared to CNY 2,544,495,783.26 at the end of the previous year, marking an increase of about 61.1%[23] - The total liabilities increased to CNY 3,384,600,735.89 from CNY 1,849,406,394.10, representing a growth of approximately 83.0%[23] - The company’s total current liabilities were CNY 1,817,562,049.90, a decrease of CNY 12,456,978.53 from the previous period[35] Cash Flow - The cash flow from operating activities for the first nine months was ¥163,370,375.59, a substantial increase of 336.65%[4] - The net cash flow from operating activities increased by 336.65% to ¥163,370,375.59, primarily due to a significant increase in advance payments from new orders received by the subsidiary Haoneng Technology[12] - The net cash flow from operating activities for Q3 2021 was ¥163,370,375.59, a significant improvement compared to a negative cash flow of ¥69,035,482.72 in Q3 2020, indicating a recovery in operational performance[30] - Total cash inflow from operating activities reached ¥2,315,525,355.46, while cash outflow was ¥2,152,154,979.87, resulting in a net increase in cash from operations[30] - The company received tax refunds amounting to ¥9,566,090.53, contributing positively to cash flow from operating activities[30] Investments and Financing - The net cash flow from investing activities decreased by 184.06% to -¥94,222,836.06, mainly due to an investment of approximately ¥56 million in land acquisition and expansion of production lines by subsidiaries[12] - The net cash flow from financing activities improved by 86.32% to -¥6,092,781.19, attributed to a substantial increase in sales scale leading to higher funding needs and increased borrowing[12] - Cash inflow from financing activities was ¥395,480,000.00, while cash outflow totaled ¥401,572,781.19, leading to a net cash outflow of ¥6,092,781.19 in Q3 2021[31] Research and Development - Research and development expenses increased by 52.55% to ¥125,936,908.47, reflecting the company's commitment to innovation[11] - Research and development expenses for the third quarter of 2021 amounted to CNY 125,936,908.47, up from CNY 82,556,372.71 in the same period last year, reflecting an increase of approximately 52.5%[26] Shareholder and Equity Information - The company plans to issue A-shares to specific investors, with a proposed subscription amount of ¥700 million, pending regulatory approvals[16] - The major shareholder, Zhuzhou High-tech Group, acquired 12,500,000 shares, representing 5.89% of the total share capital, enhancing its stake in the company[16] - The company’s total equity as of the end of the third quarter of 2021 was CNY 718,466,196.73, compared to CNY 695,089,389.16 in the previous year, indicating a slight increase of approximately 3.4%[23] Inventory and Receivables - Accounts receivable increased by 81.99% to ¥1,168,120,383.81, driven by the significant growth in sales[9] - Inventory levels increased significantly to ¥1,186,383,897.14 from ¥675,221,177.15, suggesting a buildup in stock to meet anticipated demand[21] - Accounts receivable rose to ¥1,168,120,383.81 from ¥641,855,023.98, reflecting increased sales and order volume[21]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.43 billion, representing a 117.21% increase compared to ¥660 million in the same period last year[24]. - The net profit attributable to shareholders was approximately ¥8.08 million, a significant turnaround from a loss of ¥34.90 million in the previous year, marking a 123.16% improvement[24]. - The net cash flow from operating activities reached approximately ¥8.89 million, compared to a negative cash flow of ¥61.75 million in the same period last year, reflecting a 114.40% increase[24]. - The company's basic earnings per share improved to ¥0.0381, compared to a loss of ¥0.1645 per share in the same period last year, indicating a 123.16% increase[24]. - The weighted average return on net assets was 1.16%, a recovery from -2.44% in the previous year[24]. - The company reported a total comprehensive income of ¥8,848,175.27 for the first half of 2021, compared to a loss of ¥37,526,276.41 in the same period of 2020[163]. - The total profit for the first half of 2021 was ¥10,149,136.93, compared to a total loss of ¥50,294,580.42 in the same period of 2020[162]. Revenue Sources - Revenue from lithium battery cathode materials and lithium battery equipment accounted for 93.32% of total revenue, with respective revenues of CNY 954,585,433.67 and CNY 383,929,102.51[31]. - The sales volume of lithium battery cathode materials was 0.78 million tons, reflecting a year-on-year growth of 89.62%[31]. - The revenue from lithium-ion battery automation production equipment reached ¥383,929,102.51, an increase of 4.53% year-on-year, contributing 81.82% to total revenue[54]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.47 billion, a 36.36% increase from ¥2.54 billion at the end of the previous year[24]. - The company's cash and cash equivalents increased to ¥154,380,222.13, representing 4.45% of total assets, up from 2.53% in the previous year[58]. - Accounts receivable rose to ¥997,984,134.17, accounting for 28.76% of total assets, reflecting a significant increase due to higher sales volume[58]. - Inventory increased to ¥840,055,299.58, making up 24.21% of total assets, driven by increased stocking in response to higher sales[58]. - Total liabilities increased to CNY 2,765,715,255.81 from CNY 1,849,406,394.10, reflecting a growth of approximately 49.4%[154]. Research and Development - The company has set up multiple R&D project teams to enhance product performance and quality, ensuring competitiveness in the market[32]. - Research and development expenses increased by 33.94% to ¥69,955,038.85, reflecting the company's commitment to enhancing its R&D capabilities[49]. - The company aims to enhance shareholder value through strategic investments and potential acquisitions[178]. Market and Industry Trends - The lithium-ion battery industry is experiencing rapid growth, with significant increases in demand for both consumer and power batteries[35]. - The new energy vehicle registration volume reached 774,000 units, a growth of 234.9% year-on-year, and an increase of 473,000 units compared to the first half of 2019, marking a historical high[36]. - The global cumulative energy storage deployment capacity is expected to reach 741 GWh by 2030, driven by the decreasing costs of electrochemical energy storage systems[36]. Risk Management - The company faces risks and has outlined measures to address them in the report, emphasizing the importance of investor awareness regarding potential risks[6]. - The company faces risks from raw material price fluctuations, particularly for cobalt and lithium, which could impact revenue and profit margins[83]. - The company has implemented measures to reduce the risk of bad debts from overdue accounts receivable[85]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has not engaged in entrusted financial management or derivative investments during the reporting period[76][77]. - The company has not faced any environmental penalties during the reporting period and complies with environmental protection laws[98]. Investments and Financing - The company’s investment activities resulted in a net cash outflow of -¥83,708,849.75, primarily due to the acquisition of land and new production equipment[49]. - The company’s financing activities generated a net cash inflow of ¥130,979,372.02, a 589.30% increase compared to the previous year, driven by increased borrowing needs[49]. - The company has allocated 8,083 million yuan for research and development in new technologies[178]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 24,326[137]. - The largest shareholder, Wanguo Jiang, holds 14.36% of the shares, totaling 30,453,975 shares, with 24,168,200 shares subject to restrictions[137]. - The company plans to transfer 12.5 million shares, representing 5.89% of the total share capital, to Zhuzhou High-tech Group Co., Ltd.[127]. Subsidiary Performance - The subsidiary Shenzhen Haoneng reported total assets of CNY 1,669,218,804.3 and a net loss of CNY 9,309,206.72[81]. - The subsidiary Yingde City Keheng New Energy Technology reported total assets of CNY 561,819,201 and a net profit of CNY 17,973,121.86[82].

Financial Performance - The company reported a revenue of ¥1,646,469,671.19, a year-on-year decline of 10.51%[5]. - The net profit attributable to shareholders was a loss of ¥744,955,174.90, a year-on-year decrease of 6,493.65%[5]. - The company's operating revenue for 2020 was ¥1,646,469,671.19, a decrease of 10.51% compared to ¥1,839,913,629.72 in 2019[25]. - The net profit attributable to shareholders in 2020 was -¥744,955,174.90, representing a decline of 2,547.85% from ¥30,433,054.17 in 2019[25]. - The net cash flow from operating activities was -¥128,966,066.71 in 2020, a decrease of 140.18% compared to ¥321,003,368.01 in 2019[25]. - The total assets at the end of 2020 were ¥2,544,495,783.26, down 23.73% from ¥3,336,082,641.27 at the end of 2019[25]. - The net assets attributable to shareholders decreased by 52.14% to ¥693,607,813.56 at the end of 2020 from ¥1,449,249,696.84 at the end of 2019[25]. - The basic earnings per share for 2020 were -¥3.5115, a decline of 2,547.04% from ¥0.1435 in 2019[25]. - The company reported a significant increase in non-recurring losses, with a total of -¥764,689,939.11 for the year, compared to a profit of ¥11,960,153.56 in 2019[25]. - The company incurred a net loss of -¥675,101,976.66 in Q4 2020, significantly impacting the annual performance[28]. Revenue Breakdown - Revenue from lithium battery cathode materials reached CNY 1,097,772,989.05, an increase of 20.73% year-on-year, with sales volume of 10,617.43 tons, up 39.02%[35]. - Revenue from lithium battery equipment was CNY 388,995,761.07, a decline of 51.67% year-on-year[35]. - The company’s revenue from rare earth luminescent materials increased by 27.49% to ¥81,000,416.73[55]. - The company’s revenue from exports rose by 67.98% to ¥27,657,386.60, indicating growth in international markets[55]. Operational Adjustments - The company has made substantial internal management improvements, resulting in a significant increase in new orders in the first quarter of the current year[5][12]. - The company has undertaken significant organizational adjustments within its subsidiary Haoneng Technology to enhance operational efficiency and profitability[12]. - The company is expanding its business scope through mergers and acquisitions, which presents management challenges due to rapid growth[10]. - The company has implemented a dual-driven business strategy focusing on both lithium battery cathode materials and equipment, enhancing operational synergies[48]. Research and Development - The company is committed to increasing R&D investment to develop high-end products and keep pace with new technologies in the lithium-ion battery industry[8]. - The company has set up multiple R&D project teams to enhance product performance and quality, focusing on market needs and technological advancements[36]. - R&D investment accounted for 6.75% of operating revenue, up from 5.56% in 2019, indicating a strategic focus on innovation[69]. - The number of R&D personnel increased to 375, representing 25.68% of the total workforce, compared to 24.33% in 2019[69]. Market Trends - In 2020, China's production and sales of new energy vehicles reached 1.366 million units, with a year-on-year growth of 7.5% and 10.9% respectively[38]. - The global electric vehicle market is expected to continue its positive growth trend, driven by increasing penetration rates and supportive policies in Europe[38]. - The market for energy storage is entering a phase of large-scale development, driven by decreasing costs of electrochemical storage systems[39]. Financial Management - The company has not declared any cash dividends or stock bonuses for the reporting period[13]. - The company has a total of 10,800 million yuan in loans from related parties, with an interest rate of 10%[125]. - The company has a total of 3,000 million yuan in loans from related parties at an interest rate of 10%[125]. - The company has a commitment to invest 5,335.7 million yuan in various projects, with a cumulative investment of 4,997.61 million yuan, achieving 99.99% of the planned investment[86]. Governance and Compliance - The company has established multiple subsidiaries, including Guangdong Keminor Technology Co., Ltd. and Hangzhou Yingke New Materials Co., Ltd., all included in the consolidated financial statements as of December 31, 2020[112]. - The company has maintained an independent business structure, with no interference from the controlling shareholder in decision-making or operational activities[187]. - The independent directors actively participate in training organized by the China Securities Regulatory Commission to enhance their capabilities[188]. - The company has committed to transparent information disclosure, ensuring all investors have equal access to company information[190]. Leadership and Management - The current chairman and president, Wang Guojiang, founded the company in 1994 and has extensive experience in the industry[169]. - The company has a diverse board with members holding various positions in other organizations, indicating strong industry connections[174]. - The management team includes key personnel with backgrounds in engineering, finance, and management, ensuring a well-rounded leadership[170]. - The total remuneration paid to directors, supervisors, and senior management in 2020 amounted to 378.24 million yuan[179]. Employee and Talent Management - The company employed a total of 1,460 staff, including 806 production personnel and 375 technical personnel[180]. - The company has established a comprehensive training program to enhance talent development, resulting in a significant increase in total training hours compared to the previous year[183]. - The company maintains a performance-based remuneration system to align employee interests with company performance[182]. Shareholder Information - The total number of shareholders increased from 21,620 to 22,783 during the reporting period[151]. - The largest shareholder, Wang Guojiang, holds 14.36% of the shares, totaling 30,453,975 shares, with a decrease of 10,151,325 shares during the reporting period[151]. - The company has not engaged in any repurchase transactions among the top 10 shareholders during the reporting period[152]. - The company has not issued any new securities during the reporting period[149].

江门市科恒实业股份有限公司 2021 年第一季度报告全文 江门市科恒实业股份有限公司 2021 年第一季度报告 2021 年 04 月 1 江门市科恒实业股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人万国江、主管会计工作负责人李树生及会计机构负责人(会计主 管人员)马丽琴声明：保证季度报告中财务报表的真实、准确、完整。 2 江门市科恒实业股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 615,413,702.59 | 266,700,655.14 | 130.75% | | 归属于上市公司股东的净利润（元） | 2,165,313.46 | 8,1 ...