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]

Revenue and Profitability - Revenue for Q3 2022 reached ¥241,396,484.57, an increase of 71.83% year-over-year, and a total of ¥506,007,421.43 for the year-to-date, up 55.26% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2022 was ¥10,424,640.96, a decrease of 9.76% year-over-year, with a year-to-date net profit of ¥18,911,363.12, down 7.56%[3] - Basic earnings per share for Q3 2022 were ¥0.0851, down 19.94% year-over-year, and year-to-date earnings per share were ¥0.1546, down 17.55%[4] - The company reported a net profit margin improvement, with net profit figures to be detailed in the full report, indicating positive financial health moving forward[32] - The net profit for Q3 2022 was CNY 18,871,317.69, a decrease of 29.8% compared to CNY 26,872,481.47 in Q3 2021[34] - Operating profit for the quarter was CNY 18,260,817.15, down 33.4% from CNY 27,386,003.10 in the same period last year[34] - The company reported a total profit of CNY 20,542,936.47 for the quarter, a decrease of 28.2% from CNY 28,576,999.81 in Q3 2021[34] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥1,757,224,038.80, reflecting a 15.39% increase from the end of the previous year[4] - Total assets reached ¥1,757,224,038.80, an increase of 15.4% from ¥1,522,824,726.68 at the beginning of the year[31] - Total liabilities increased to ¥576,812,508.72, up from ¥442,680,141.41, marking a rise of 30.3%[31] - The company's equity attributable to shareholders rose to ¥1,180,114,403.70, compared to ¥1,079,897,413.46, reflecting a growth of 9.3%[31] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of ¥16,408,311.38, a significant decline of 351.95% year-over-year[19] - The net cash flow from operating activities was negative CNY 16,408,311.38, compared to a positive CNY 6,512,605.81 in the previous year[37] - Investment activities generated a net cash inflow that increased by 37.85% year-over-year, driven by increased fixed asset investments[20] - Investment activities generated a net cash flow of CNY 34,883,863.15, compared to CNY 25,305,236.93 in the same quarter last year[37] - Financing activities resulted in a net cash flow of CNY 78,734,021.20, a significant improvement from a negative CNY 29,397,955.87 in Q3 2021[37] Operating Costs and Expenses - The company experienced a 95.23% increase in operating costs year-over-year, attributed to expanded revenue scale and increased costs from intensified competition and project delays[18] - Total operating costs amounted to ¥490,476,081.95, up 62.2% from ¥302,526,636.35 year-over-year, with operating costs specifically rising from ¥205,328,688.67 to ¥400,855,176.86[33] - Research and development expenses for the quarter were ¥26,384,599.10, an increase from ¥22,883,023.78 in the previous year, indicating a growth of 15.0%[33] - Financial expenses decreased by 138.21% year-over-year, mainly due to the redemption of convertible bonds issued in 2020[18] Shareholder Information - The top 10 unrestricted shareholders hold a total of 42,000,000 shares, with Shanghai Dehui Group Co., Ltd. being the largest shareholder at 32,000,000 shares[24] - The company has a total of 375,000 restricted shares held by executives, which are subject to a 25% annual release during their tenure[26] - The total number of restricted shares at the end of the period is 1,098,648, primarily due to executive lock-up agreements[27] - The company has implemented a strategy to manage executive share restrictions, ensuring that no more than 25% of their total shares can be transferred during their tenure[26] - As of July 20, 2022, 834,924 shares held by JPMorgan Chase Bank and 663,258 shares held by Chen Peng were released from restrictions[27] - The company has not disclosed any known relationships or concerted actions among the top shareholders[24] Market and Product Development - The report indicates that there are no new products or technologies mentioned in the current quarter[27] - There is no mention of market expansion or acquisitions in the current financial report[27] - The company has not provided specific future guidance or performance outlook in the current report[27] - The report does not include any significant changes in user data or customer metrics[27]

Capital Structure and Financial Position - The registered capital of the company increased from RMB 108,624,902 to RMB 122,642,024 during the reporting period[26]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[5]. - The company’s total assets increased by 18.50% to ¥1,804,490,031.88 from ¥1,522,824,726.68 at the end of the previous year[27]. - The company’s equity attributable to shareholders increased to RMB 1,169,689,762.74 from RMB 1,079,897,413.46, reflecting a growth of about 8.3%[162]. - The total liabilities of the company were RMB 634,581,724.58 as of June 30, 2022, up from RMB 442,680,141.41, which is an increase of approximately 43.3%[162]. - The company reported a total of RMB 5,830,231.46 in other payables, which increased from RMB 3,968,461.88, showing a growth of about 46.8%[162]. - The company’s cash and cash equivalents increased significantly to RMB 208,027,371.63 from RMB 86,120,642.42, representing a growth of approximately 142.5%[160]. - The company reported a total of RMB 34,528.36 million in raised funds, with CNY 10,452.68 million invested during the reporting period[74]. - The company has CNY 172,253,586.79 in restricted assets, primarily due to guarantees for bank loans and bills[69]. Revenue and Profitability - The company's operating revenue for the current period is ¥264,610,936.86, representing a 42.71% increase compared to ¥185,422,934.59 in the same period last year[27]. - The net profit attributable to shareholders decreased by 4.71% to ¥8,486,722.16 from ¥8,906,046.49 year-on-year[27]. - The net profit for the first half of 2022 reached ¥9.74 million, up 15.1% from ¥8.47 million in the first half of 2021[172]. - The total profit for the first half of 2022 was approximately ¥9.25 million, compared to ¥8.45 million in the same period of 2021, marking a 9.5% increase[172]. - The gross profit margin for the membrane integration technology solutions was 18.55%, with a year-on-year decrease of 14.08%[62]. Research and Development - R&D expenses accounted for 5.89% of the revenue, with direct R&D investment amounting to 15.59 million yuan[50][54]. - The company has accumulated 69 invention patents, 119 utility model patents, and 5 design patents, with 106 patent applications under review[54]. - The company has developed lithium adsorption materials and is in the industrialization phase for these products, enhancing its separation material product range[50][53]. - Research and development expenses for the first half of 2022 were CNY 15,590,238.29, slightly up from CNY 15,232,980.20 in the same period last year, indicating a focus on innovation[168]. Market and Industry Position - The company operates in the high-tech sector, focusing on membrane technology and separation processes[15]. - The company is recognized as a leading enterprise in the ceramic membrane field by the China Membrane Industry Association[44]. - The rapid development of the lithium battery industry is driven by the growth of new energy vehicles, creating significant investment opportunities in lithium extraction technologies[46]. - The company has established a strategic cooperation agreement with Zijin Mining for lithium extraction process research, indicating strong industry partnerships[51]. - The company provides integrated membrane technology solutions for industries such as biomedicine, chemicals, and environmental water treatment[90]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The company’s financial report includes a detailed analysis of potential risks and countermeasures[4]. - The company is facing risks related to accounts receivable collection due to macroeconomic slowdown and increased financing costs, which may extend the payment cycle[91]. - The company has established a dedicated team to manage the collection of large or aged accounts receivable to mitigate financial pressure[91]. Environmental and Social Responsibility - The company is committed to environmental management and adheres to standards to reduce negative impacts on the environment[102]. - The company has not reported any significant environmental penalties during the reporting period[102]. - The company actively engages in social responsibility initiatives, including the establishment of the "Jiu Wu Scholarship" to support underprivileged students[105]. Governance and Compliance - The company has maintained a strict governance structure to protect the rights of shareholders and creditors since its listing[103]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[110]. - The company has not engaged in any illegal external guarantees during the reporting period[111]. - The company has a clear profit distribution policy that aligns with regulatory requirements and investor feedback[103]. Shareholder and Equity Information - The total number of restricted shares increased from 2,116,875 to 5,010,555, representing 4.09% of total shares[136]. - The company issued 3,121,212 new shares in 2021, which were listed on the Shenzhen Stock Exchange on January 20, 2022[131]. - The total amount of funds raised by Jiangsu Jiuwu High-Tech Co., Ltd. was approximately ¥102.99 million, with a net amount of ¥99.70 million after deducting issuance costs[145]. - As of the end of the reporting period, the total number of ordinary shareholders was 25,471[146].