江苏久吾高科技股份有限公司 2023 年第一季度报告 证券代码：300631 证券简称：久吾高科 公告编号：2023-016 江苏久吾高科技股份有限公司 2023 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 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。 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） | 136,024,050.34 | 104,790,149.72 | | 29.81% | | 归属于上市公司股东的净利 | 5,155, ...

Financial Performance - The company's operating revenue for 2022 was ¥741,309,374.83, representing a 37.34% increase compared to ¥539,773,421.30 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥43,274,220.39, a decrease of 38.29% from ¥70,124,270.08 in 2021[22]. - The net cash flow from operating activities for 2022 was -¥49,460,226.40, a decline of 286.97% compared to ¥26,452,979.25 in 2021[22]. - The total assets at the end of 2022 were ¥1,823,669,209.83, an increase of 19.76% from ¥1,522,824,726.68 at the end of 2021[22]. - The company reported a weighted average return on equity of 3.66% for 2022, down from 7.92% in 2021[22]. - The company's overall gross margin declined due to increased market competition and rising raw material costs[51]. - The company achieved operating revenue of 741 million, a year-on-year increase of 37.34%[51]. - The net profit attributable to the parent company was 43.27 million, a year-on-year decrease of 38.29%[51]. - Research and development expenses amounted to 42.16 million, accounting for 5.69% of operating revenue[47]. - The revenue from membrane integration technology solutions accounted for 85.39% of total revenue, amounting to ¥633,030,816.22, which is a 33.34% increase from ¥474,758,507.63 in the previous year[57]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.7 RMB per 10 shares to all shareholders, based on a total of 122,642,024 shares[4]. - The net profit attributable to the parent company for the year 2022 is 43,274,220.39 yuan, with a retained profit of 29,844,912.46 yuan after statutory surplus reserve allocation[149]. Research and Development - The company has established a complete R&D system for ceramic membranes, organic membranes, and lithium adsorbents, promoting continuous technological innovation[41]. - The company’s R&D investment accounted for 5.69% of operating revenue, focusing on innovations in separation materials and applications, including lithium extraction from salt lakes and titanium gypsum resource utilization[54]. - The number of R&D personnel increased by 38.36% from 73 in 2021 to 101 in 2022, with a notable rise in the proportion of personnel holding bachelor's degrees[73]. - The company has developed multiple core technologies in membrane separation, with most being at a leading domestic or advanced international level[105]. - The company is focusing on the development of high-capacity, high-stability hollow porous adsorbents, which will improve its market share in lithium extraction from salt lakes[69]. Market and Industry Trends - The total production value of China's separation membrane industry is expected to exceed ¥360 billion in 2022[32]. - The market demand for lithium adsorbents is expected to grow significantly due to the rapid development of the new energy and energy storage industries[32]. - The lithium battery industry is experiencing significant growth driven by the rapid development of electric vehicles, with strong demand for lithium carbonate and lithium hydroxide as key raw materials[33]. - The company is actively expanding its market presence in the dual carbon field, aligning with national strategies for carbon peak and carbon neutrality[34]. - The company is exploring new strategies for market expansion, particularly in the Asia-Pacific region, to capture emerging opportunities[122]. Technology and Innovation - The company focuses on the research and application of separation materials and technologies, including ceramic membranes and lithium adsorbents[31]. - The company has developed an "adsorption + membrane" lithium extraction process and has industrialized key membrane materials and lithium adsorption materials, positioning itself to capitalize on the increasing demand for lithium resources[33]. - The company is developing a new membrane integration technology for the resource utilization of waste salt and concentrated saltwater, aiming for industrial application and expanding its waste salt treatment technology application scenarios[67]. - The company is working on a fermentation and membrane separation technology that aims to improve fermentation efficiency and product yield, with a focus on reducing costs and enhancing market potential[67]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder interests[109]. - The board of directors consists of 9 members, including 3 independent directors, meeting legal and regulatory requirements[110]. - The company has maintained independence from its controlling shareholder, ensuring no interference in decision-making or operations[110]. - The company emphasizes the importance of training for its directors to ensure compliance with relevant laws and regulations[110]. - The company has established a comprehensive performance evaluation system for senior management, linking their performance directly to compensation[112]. Environmental and Social Responsibility - The company has implemented an environmental management system in accordance with GB/T 24001-2016/ISO 14001:2015 standards to minimize negative environmental impacts[163]. - The company was recognized as a "Green Factory" in Jiangsu Province for its efforts in energy management and carbon reduction[164]. - The company promotes environmental protection by implementing an environmental management system in accordance with ISO 14001 standards, focusing on energy conservation and pollution prevention[168]. - The company adheres to legal operations and actively engages in social welfare, including the establishment of the "Jiu Wu Scholarship" for underprivileged students[168]. Employee and Talent Management - The total number of employees at the end of the reporting period is 516, with 451 from the parent company and 65 from major subsidiaries[145]. - The employee composition includes 216 production personnel, 52 sales personnel, 189 technical personnel, 12 financial personnel, and 47 administrative personnel[145]. - The company emphasizes talent training with a structured annual training plan covering four major categories, including job skills and management enhancement[147]. - The company has a total of 59 employees with a master's degree or above, 179 with a bachelor's degree, 97 with a college diploma, and 181 with a high school diploma or below[145]. Strategic Initiatives and Future Outlook - The company plans to enhance the performance of lithium adsorption materials and develop new types of membrane products to open new application spaces[102]. - The company aims to maintain a market share of no less than 30% in the domestic ceramic membrane market over the next five years, leveraging the public offering to expand capacity and improve technology quality[175]. - The company plans to invest in research and development, allocating 15% of its revenue towards innovation initiatives in the upcoming fiscal year[121]. - The company is committed to sustainability and has initiated several projects aimed at reducing its environmental impact[122].

证券代码：300631 证券简称：久吾高科 江苏久吾高科技股份有限公司 投资者关系活动记录表 编号：2017-001 | --- | --- | --- | |----------------|--------------------------|--------------------------------------------------------------| | | | | | | √ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | 类别 | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | | | 上海人寿：杨红杰；人保资产：黄鑫；江苏汇鸿汇升投资管理有限公 | | | | 司：王之军、宋潇；南京双安资产管理有限公司：吴春燕；易方达基 | | 参与单位名称及 | | 金：王超；上德投资：吴海娟；上海羽时资产：符理璞；国储汇金资 | | 人员姓名 | | 本管理有限公司：张建房；首善财富：石嵘；东方财富：张玮；南京 | | | | 泉峰投资管理有限公司：徐蔚；兴全基金：程子 ...

Market Position and Industry Insights - The company holds over 40% market share in the domestic ceramic membrane market from 2012 to 2014, based on installation area statistics [3] - The ceramic membrane market size is expected to grow as the application fields expand [3] - Competitors in the ceramic membrane industry include international firms like Novasep and Pall, as well as domestic companies like Senda Membrane [6] Technological Developments - The company has made significant R&D investments in lithium extraction technology, with relevant patents disclosed in its prospectus and annual reports [4] - The ceramic membrane technology for ship exhaust desulfurization offers advantages over traditional methods, including reduced reagent consumption and smaller waste volume [4] - The company has signed contracts in the biofuel ethanol production sector, focusing on efficient separation processes [5] Application Areas and Market Expansion - The company’s sugar production process effectively reduces raw material costs and enhances product quality, facilitating market promotion [4] - In the paper industry, the company has secured multiple wastewater treatment projects, emphasizing zero discharge and water reuse technologies [5] - The timeline for industry-wide adoption of new technologies remains uncertain, but successful demonstration projects will drive interest from other companies [6] Cost and Competitive Analysis - There is potential for cost reduction in ceramic membrane production through ongoing research in material formulation and preparation [6] - The cost comparison between ceramic and organic membranes is complex due to their differing advantages and application environments [6]

证券代码：300631 证券简称：久吾高科 江苏久吾高科技股份有限公司 投资者关系活动记录表 编号：2017-003 | --- | --- | |----------------|---------------------------------------------------------------| | | | | | √ 特定对象调研□分析师会议 | | 投资者关系活动 | □媒体采访□业绩说明会 | | | □ 新闻发布会□路演活动 | | 类别 | □ 现场参观 | | | □ 其他（请文字说明其他活动内容） | | 参与单位名称及 | 国信证券 王宁、武云泽；华鑫证券 刘文慧；深圳市高新投 毛伟平； | | 人员姓名 | 弘尚资产 孙兆辉 | | 时间 | 2017 年 10 月 31 日上午 10:00 | | 地点 | 南京市浦口区园思路 9 号 | | 上市公司接待人 | 久吾高科董事会秘书 程恒 | | 员姓名 | 久吾高科证券事务代表 江燕 | | 投资者关系活动 | 问 1 ：陶瓷膜的下游应用领域有哪些？ | | --- | --- | --- | |-------------- ...

Group 1: Project Progress and Financials - The company is currently in the design and procurement phase for the Wenkang Salt Lake project, with equipment expected to be delivered this year, although actual delivery may be uncertain due to site infrastructure progress [3][4] - The profit margin for the Wenkang Salt Lake project is still uncertain as the project is in the detailed design and procurement stage, and the complete lithium extraction cost cannot be calculated at this time [4][5] - The company’s accounts receivable are primarily concentrated within three years, indicating a good quality of clients, mostly industrial enterprises [5][6] Group 2: Technology and Market Position - The company uses organic membranes sourced externally, with the choice of membrane materials depending on project specifics, client needs, and economic factors [5][6] - The company has invested significantly in R&D, resulting in over 100 patents, which enhances its technological barriers and competitive edge in the market [7][8] - The company is actively exploring new application areas beyond lithium extraction from salt lakes, including titanium dioxide, industrial wastewater zero discharge, and flue gas desulfurization [6][7] Group 3: Financial Performance and Challenges - The company has experienced a decline in gross and net profit margins due to increased competition in traditional business areas and a higher proportion of outsourced components in project contracts [6][7] - The cost of membrane technology for industrial water reuse is proportional to the reuse rate, with a treatment cost of approximately 1-2 RMB per ton at a 60%-70% reuse rate [8][9] - The company is considering implementing an equity incentive plan in the future [8][9]

Group 1: Company Overview - Jiangsu Jiuwu High-Tech Co., Ltd. focuses on material research and application, particularly in separation membrane materials and adsorbents [2] - The company has multiple first-of-its-kind application cases in various fields, including resource utilization solutions for industrial by-products [2] Group 2: Financial Performance - The company's gross margin decreased in the first half of the year due to raw material price fluctuations and lower margins in new demonstration projects [3] - Government subsidies averaged over 10 million annually in the past three years but are not sustainable [3] Group 3: Operational Insights - Sales expenses increased due to significant upfront costs in new field promotions, while management expenses rose due to wage increases [3] - High accounts receivable ratio is attributed to engineering projects with longer payment cycles, though the risk of bad debts is low due to strong client backgrounds [3] Group 4: Research and Development - The company is actively developing adsorbents and has begun small and pilot tests using its produced adsorbents [4] - Future projects include high-performance filtration membrane industrialization, with a focus on environmental policy compliance [4] Group 5: Market Position and Strategy - The membrane materials market is competitive, with both complementary and substitutive relationships among different types of membranes [4] - The company plans to invest more in external development, particularly in membrane materials, while also enhancing its technological innovation capabilities [5] Group 6: Future Plans - The company aims to optimize its revenue structure while ensuring the safety of its funds and considering investment in operational projects [5] - Recent projects in the field of carbon monoxide to ethanol production have seen contract amounts exceeding 100 million in the past three years [5]

证券代码：300631 证券简称：久吾高科 债券代码：123047 债券简称：久吾转债 江苏久吾高科技股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | --- | --- | |-----------------------------|------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------| | | 特定对象调研 ...

Group 1: Company Overview - The company focuses on the research and application of ceramic membranes and membrane separation technology, providing integrated solutions for industrial separation and environmental water treatment [2] - The business areas include biomedicine, chemicals, new energy, industrial wastewater, municipal wastewater, and environmental governance [2] Group 2: Production Capacity and Projects - The company is constructing a lithium adsorbent production capacity of 6,000 tons/year, with 2,000 tons/year already completed [3] - The company has ongoing pilot projects in various salt lakes, including those in Tibet and with partners like Zijin Mining [2][3] Group 3: Product Performance and Market Position - The average gross margin for materials is approximately 40% to 50%, while the gross margin for integrated solutions varies, with equipment parts around 20% to 30% [4] - The company's lithium adsorbent products are reported to have high mass transfer efficiency, selectivity, and long service life [3] Group 4: Future Directions and Innovations - The company aims to focus on large-scale applications for ceramic membranes, particularly in water treatment, and will invest in high-value specialty membranes [4] - There is no current industrial layout for manganese-based adsorbents due to technical challenges [4] Group 5: Financial and Operational Insights - Revenue recognition follows accounting standards, with different methods based on whether installation is required [4] - The usage of adsorbents correlates with lithium carbonate production, typically ranging from hundreds to thousands of tons for a 10,000-ton lithium carbonate project [5]