证券代码：300568 证券简称：星源材质 深圳市星源材质科技股份有限公司 投资者关系活动记录表 编号：2023-002 | --- | --- | --- | --- | |-----------------------------|----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：300568 证券简称：星源材质 深圳市星源材质科技股份有限公司 投资者关系活动记录表 A4：公司一直以来最大的竞争对手都是自己，主要面对的问题还是产能 不足，还不能充分满足隔膜行业的中高端市场对公司产品的需求量。由于隔 膜行业在生产技术上的高壁垒，生产线建设和产品导入的周期都比较长，隔 膜市场中高端产能供给依旧存在不足。随着未来公司第五代超级湿法生产线 的投产，新一代产线生产效率大幅提升的同时也可进一步降低生产成本，实 现公司整体业务的发展。 | | □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 | 参与本次业绩说明会的所有投资者 | | 及人员姓名 | | | 时间 | 年 月 日 2023 5 19 15:00-17:00 | | 地点 | 深圳证券交易所上市大厅以及线上深圳证券交易所"互动易"平台"云 | | | 访谈"栏目 | | | 董事长兼总经理：陈秀峰先生 | | 上市公司接待 | ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300568 证券简称：星源材质 公告编号：2023-055 深圳市星源材质科技股份有限公司 关于举行 2022 年度业绩说明会的公告 深圳市星源材质科技股份有限公司（以下简称"公司"）《2022年年度报告》 及 《 2022 年年度报告摘要》已于 2023 年 4 月 26 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露。 为便于广大投资者进一步了解公司2022年度经营情况，公司将于2023年5月 19日（周五）15:00-17:00在深圳证券交易所上市大厅举办2022年度业绩说明会。 本次业绩说明会系深圳证券交易所系列业绩说明会"低碳先锋迈新阶"主题特定 活动。本次业绩说明会将采用图文与直播视频转播的方式举行，投资者可登录深 圳证券交易所"互动易"平台（http://irm.cninfo.com.cn），进入"云访谈"栏目参与 本次年度业绩说明会，也可扫描下方二维码观看直播及参与交流。 深圳市星源材质科技股份有限公司董事会 2023 年 5 月 12 日 （公 ...

Financial Performance - The company's revenue for Q1 2023 was CNY 664,728,704.86, a slight increase of 0.04% compared to CNY 664,448,341.17 in the same period last year[4]. - Net profit attributable to shareholders was CNY 182,926,962.40, representing a growth of 9.16% from CNY 167,580,779.13 year-on-year[4]. - The total revenue for Q1 2023 was approximately CNY 473.36 million, a slight increase from CNY 466.82 million in Q1 2022, representing a growth of 1.16%[18]. - The net profit attributable to the parent company was CNY 182.93 million, up from CNY 167.58 million in the same period last year, indicating a growth of 9.14%[19]. - The total comprehensive income attributable to the parent company was CNY 180.99 million, compared to CNY 147.87 million in the previous year, reflecting an increase of 22.39%[19]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.14, down from CNY 0.22 in Q1 2022, indicating a decrease of 36.36%[19]. Cash Flow and Investments - The net cash flow from operating activities decreased by 43.60%, amounting to CNY 161,447,637.47 compared to CNY 286,266,897.25 in the previous year[8]. - The cash inflow from investment activities was CNY 1.64 billion, significantly higher than CNY 271.72 million in the previous year, marking an increase of 504.06%[21]. - The cash outflow for investment activities totaled CNY 2.42 billion, compared to CNY 553.20 million in Q1 2022, resulting in a substantial increase of 338.73%[21]. - The net cash flow from financing activities was CNY 276.42 million, compared to CNY 86.99 million in the same period last year, showing an increase of 217.66%[21]. - The company's cash and cash equivalents stood at CNY 3.09 billion, down from CNY 3.13 billion, a decrease of about 1%[16]. - The cash and cash equivalents at the end of Q1 2023 were CNY 945.70 million, an increase from CNY 734.85 million at the end of Q1 2022[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,221,260,874.13, up 3.80% from CNY 13,701,183,703.59 at the end of the previous year[4]. - Current assets totaled CNY 6.83 billion, slightly up from CNY 6.78 billion, indicating a growth of about 0.8%[16]. - Total liabilities rose to CNY 5.44 billion, compared to CNY 5.12 billion, marking an increase of around 6.4%[17]. - Long-term borrowings increased significantly to CNY 2.69 billion from CNY 2.20 billion, representing a growth of approximately 21.3%[17]. - Short-term borrowings decreased to CNY 755.19 million from CNY 787.35 million, a reduction of approximately 4.5%[17]. - Inventory levels increased to CNY 300.34 million from CNY 283.70 million, reflecting a growth of approximately 5.8%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 78,669, with the largest shareholder holding 13.15% of the shares[9]. - The company’s major shareholder, Chen Liang, completed a share reduction plan, reducing his holdings by up to 24,274,845 shares, which is 1.90% of the total share capital[14]. - The company’s major shareholder, Chen Xiufeng, holds 42,124,148 shares, making him the second-largest shareholder[10]. - The top ten shareholders hold a total of 62,328,554 shares, with Hong Kong Central Clearing Limited being the largest shareholder[10]. - The company has not disclosed any related party relationships among the top shareholders[10]. - The company’s total restricted shares at the beginning of the period were 259,916,686, with 2,444,648 shares released during the period[12]. Research and Development - Research and development expenses increased by 63.84%, reaching CNY 51,548,952.13, reflecting the company's commitment to new technology and product development[7]. - The company plans to invest 10 billion RMB in a lithium battery separator production base in Nanhai District, Foshan, with an expected annual production capacity of 3.2 billion square meters of wet separators, 1.6 billion square meters of dry separators, and 3.4 billion square meters of coated separators[13]. - The company established a wholly-owned subsidiary, Xingyuan Materials (Foshan) New Materials Technology Co., Ltd., to facilitate the construction of the new production base[13]. - The company’s stock incentive plan includes a total of 92,075,300 restricted shares granted at a price of 11.73 RMB per share[13]. - The company’s stock incentive plan was adjusted to increase the reserved stock from 621,800 shares to 931,700 shares due to a stock dividend distribution[13]. Other Financial Metrics - The weighted average return on net assets decreased to 2.15%, down 1.71% from 3.86% in the previous year[4]. - The company’s total equity attributable to shareholders increased by 2.25% to CNY 8,625,568,680.65 from CNY 8,435,362,488.61 at the end of the previous year[4]. - The equity attributable to shareholders rose to CNY 8.78 billion from CNY 8.58 billion, an increase of about 2.3%[17]. - The company reported a decrease in employee compensation payable to CNY 45.78 million from CNY 93.69 million, a reduction of approximately 51%[17]. - The company reported a foreign currency translation loss of CNY 1.94 million, compared to a loss of CNY 19.71 million in the same period last year, indicating an improvement[19].

Financial Performance - The company's revenue for 2022 was CNY 2,880,270,166.38, representing a 54.81% increase compared to CNY 1,860,537,490.88 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 719,271,501.75, a significant increase of 154.25% from CNY 282,895,244.91 in 2021[20]. - The net cash flow from operating activities reached CNY 1,292,998,473.37, up 223.93% from CNY 399,155,160.28 in the previous year[20]. - The total assets at the end of 2022 amounted to CNY 13,701,183,703.59, reflecting a 79.88% increase from CNY 7,616,661,050.64 at the end of 2021[20]. - The net assets attributable to shareholders increased to CNY 8,435,362,488.61, a 97.70% rise from CNY 4,266,760,577.56 in 2021[20]. - The basic earnings per share for 2022 was CNY 0.60, which is a 130.77% increase compared to CNY 0.26 in 2021[20]. - The diluted earnings per share also stood at CNY 0.60, reflecting the same growth rate of 130.77% from the previous year[20]. - The weighted average return on net assets was 11.82% for 2022, an increase of 3.40% from 8.42% in 2021[20]. - The company's revenue for Q1, Q2, and Q3 were approximately $664.45 million, $669.78 million, and $758.33 million respectively, indicating a steady growth trend[22]. - The net profit attributable to shareholders for the year was approximately $167.58 million in Q1, $200.42 million in Q2, $219.87 million in Q3, and $131.40 million in Q4, showing a year-over-year increase[23]. Market Position and Strategy - The company is focusing on expanding its mid-to-high-end market presence to mitigate risks associated with intensified competition in the low-end market[3]. - Major clients include industry leaders such as CATL, BYD, and LG Chem, indicating a high customer concentration risk[5]. - The company aims to reduce reliance on major clients by expanding its customer base globally[5]. - The company is actively developing new products and technologies to address potential risks from industry advancements and product substitutions[7]. - The company is committed to maintaining its competitive edge through continuous R&D and strategic partnerships within the industry[7]. - The company is focusing on mitigating risks associated with potential policy changes by diversifying its product applications[8]. - The company is positioned in a key industry supported by national policies, with significant emphasis on the development of lithium-ion battery materials[29]. - The company plans to enhance its market presence and expand its product offerings in response to the growing demand for lithium-ion battery separators[28]. - The company is expanding its market presence by penetrating overseas markets, capturing over 80% of the global market share in lithium battery separators[32]. Research and Development - The company is increasing investment in research and development to explore new functionalities for battery separators and expand into new commercial application markets[8]. - The company has established a leading R&D platform and has formed partnerships with several universities for technology development and talent cultivation[48]. - The company has applied for a total of 454 patents, including 77 foreign patents, and has obtained 235 effective patents as of December 31, 2022[49]. - The company has developed key technologies for lithium-ion battery separators, including co-extrusion composite stretching and nanofiber technology, enhancing its competitive edge[49]. - The company is investing in R&D to stay ahead of technological advancements and potential product substitutions in the lithium-ion battery separator industry[120]. - The company has implemented incentive policies and management systems to prevent the loss of core technical personnel, ensuring respect for R&D staff and their contributions[122]. Risks and Challenges - The company faces risks from rising raw material costs, particularly for PP and PE, which are primarily imported[6]. - Future changes in industry policies could adversely affect the entire new energy vehicle supply chain, including the company's operational performance[8]. - The company is exposed to raw material cost increases, particularly for PP and PE, which are primarily imported and subject to exchange rate fluctuations[116]. - The company faces risks from price declines and margin fluctuations due to increased competition in the lithium-ion battery separator market[114]. - The company has a high customer concentration, relying on major clients like CATL and BYD, which poses risks if these relationships are disrupted[115]. Corporate Governance - The company has established a complete governance structure in compliance with relevant laws and regulations, enhancing operational standards and internal control systems[125]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[127]. - The company has held 14 board meetings during the reporting period, demonstrating active governance and oversight[127]. - The supervisory board comprises 3 members, ensuring effective supervision of the company's financial and operational activities[128]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a complete business system[130]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, ensuring compliance with national laws and regulations[172]. - The company emphasizes transparency and timely information disclosure to investors, enhancing trust and communication[173]. - The company has established a safety management system and conducted regular safety training and emergency drills, achieving ISO45001 certification[173]. - The company has not engaged in targeted poverty alleviation work during the reporting year and has no subsequent plans[174]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 30% based on new product launches and market expansion strategies[141]. - The company plans to continue developing new products, including water-based adhesives and polymer solid electrolyte membranes, to lead industry technology advancements[81]. - The company aims to launch three new products in 2023, which are anticipated to contribute an additional 300 million RMB in revenue[141]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[141]. - The company is focused on expanding its production capacity in the lithium-ion battery separator industry, with multiple projects under construction[91].

Production Capacity - The company's dry method production capacity in 2016 was 130 million square meters, and the wet method capacity was 26 million square meters [3] - The new dry production line at the Shenzhen headquarters has an annual capacity of 50 million square meters and is currently operational [3] - The company plans to add two wet production lines in Hefei, each with a design capacity of 40 million square meters [3] - The total production capacity, including both dry and wet methods, is expected to reach 700-800 million square meters after the completion of Hefei and Changzhou bases [3] Market Trends - The price of lithium battery separators is expected to decline, with the cost share of separators in battery production dropping from 20-30% to around 10% [3] - The decrease in separator prices is attributed to increased production capacity and technological advancements, although the rate of price decline will slow down [3] Equipment and Technology - The company primarily imports equipment from Germany due to its higher precision and customizes it based on its own technological advantages [4] - The depreciation of dry method equipment accounts for a larger proportion of product costs compared to wet method equipment, with manufacturing costs making up about 30% of total costs [4] Clientele and Supply - Major clients include LG Chem, BYD, Wanxiang, and others, with both dry and wet method clients being similar [5] - The Hefei base prioritizes supplying separators to Hefei Guoxuan, with prices negotiated based on market rates to ensure fairness [5] Raw Material Impact - The main raw materials are polypropylene (PP) and polyethylene (PE), which are petroleum derivatives; however, their price fluctuations have a minimal impact on overall product costs [5]

Group 1: Company Investment and Capacity - The investment in Changzhou Xinyuan is 1.6 billion, with equipment investment of 1.2 billion, and the total production capacity is 360 million square meters [2] - In 2016, the company's dry process capacity was 130 million square meters, and wet process capacity was 26 million square meters [3] - By the second half of this year, Hefei Xinyuan is expected to release approximately 40 million square meters of wet process capacity [3] Group 2: Market Performance and Trends - The first quarter shipment volume this year saw a year-on-year decline due to the impact of subsidy events, with new subsidy policies released on December 29, 2016 [3] - The price of lithium battery separators has decreased, with the cost proportion in batteries dropping from 20-30% to around 10% [4] - Currently, overseas sales account for approximately 30% of the company's total sales, while domestic sales account for 70% [4]