编 号： 201 7 -0 18 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 | | 兴业证券：张新和、曾韬；国投瑞银基金：刘一泽；阳光保险： | | 人员姓名 | | 张路宁；南方基金：王博；泓屹资产：王国鹏；金域投资：魏 宏伟；银河金汇资管：李卓轩；国信自营：林照天 | | 时间 | 2017 年 9 月 7 日 | 14：00-17 ...

编 号： 201 7 -0 16 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 | | 天风证券 曾帅 朱晔 招商证券 陈术子 | | 人员姓名 | 华创证券 娄湘虹 | | | 时间 | 2017 年 7 月 27 | 日 15：00-16：30 | | 地点 | 公司会议室 | | | 上市公司接待人 | 董事会秘书 唐秀雷 | | | 员姓名 | | | | 投资者关系活动 | 1 、公司正极材料目前的发展状况 | | | 主 ...

编 号： 201 7 -0 21 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 | 东北证券 孙潇雅 | | | 人员姓名 | 华安基金 苏广宁 | | | 时间 | 2017 年 9 月 15 | 日 15： 00-17：00 | | 地点 | 公司会议室 | | | 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、公司正极材料的产销量情况 | | | 主要内容介绍 | 答：本月江门 50 ...

编 号： 2017-025 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 | 弘则研究 张骥（ | 14 日上午） | | 人员姓名 | | 上海证券 倪瑞超 兴业证券 张新和 长城证券 刘峰（ 15 日下午） | | 时间 | 2017 年 11 月 9 | 日 12：00-15：30 | | 地点 | 科恒股份江门会议室 | | | 上市公司接待人 | 董事会秘书 唐秀雷 | | | 员姓名 | | | | 投资者关系活动 | 1 、 ...

Group 1: Order and Market Overview - The current order situation is stable, with new orders expected to increase in the second half of the year [2] - The largest customer for existing orders is CATL, with other clients being major domestic battery cell manufacturers [2] - The lithium battery equipment market is anticipated to grow this year as most mainstream battery cell manufacturers plan to expand production [3] Group 2: Product Composition and Development - The main product in the order composition is the coating machine, followed by slitting and other equipment [3] - The company has established a competitive position in the international market due to improved product performance and service capabilities [3] - Hydrogen fuel cell equipment has matured, with several coating devices already generating sales, positioning the company as a leader in this area [3] Group 3: Capacity and Profitability - The planned capacity for the second phase in Yingde is 8,000 tons, with 3,000 tons achieved last year and 5,000 tons/year construction delayed but progressing [4] - The overall gross margin in the cathode material industry is currently low due to structural issues and previous inventory policies affecting profitability [4] - Future demand diversification in electric vehicles is expected to improve gross margins and profitability [4] Group 4: Competitive Landscape and M&A - The cathode material industry is entering a phase where technical capabilities and financial strength are critical, leading to accelerated industry consolidation [4] - The company is currently auditing financial data for potential M&A targets, with a completion date expected in June [4] - The M&A aims to enhance the scale and competitiveness of the lithium battery equipment segment [4] Group 5: Shareholder and Financial Support - The actual controller has a high performance guarantee ratio, with some shares pledged as collateral to mitigate risks [5] - The local government is facilitating liquidity support for the company's actual controller, with preparations completed and moving into operational stages [5]

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].