证券代码：300700 证券简称：岱勒新材 公告编号：2023-012 长沙岱勒新材料科技股份有限公司 关于举行 2022 年度业绩网上说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 长沙岱勒新材料科技股份有限公司（以下简称"公司"）2022 年年度报告 全文及其摘要已于 2023 年 3 月 4 日刊登于中国证监会指定信息披露网站巨潮资 讯网（www.cninfo.com.cn）。为便于广大投资者更深入全面地了解公司情况，公 司定于 2023 年 3 月 21 日（星期二）下午 15:00-17:00 举行 2022 年度业绩网上 说明会，现将有关事项公告如下： 本次 2022 年度业绩网上说明会将在全景网举办，投资者可登录"全景•路演 天下"（http://rs.p5w.net）参与交流。 出席本次说明会的人员有：公司董事长段志明先生，总经理段志勇先生，董 事会秘书、财务总监周家华先生，财务负责人陈冬梅女士，独立董事黄珺女士。 为充分尊重投资者、提升公司与投资者之间的交流效率及针对性，现就公司 2022 年度业绩说明会提前向投资者公开征集问题 ...

Group 1: Production Capacity and Plans - The company plans to expand its production capacity to 600,000 kilometers per year by the end of 2022, with current capacity at 300,000 kilometers per month [1] - The expansion will be achieved through equipment upgrades and the addition of new production lines [1] - The company aims to align production capacity with market demand and trends [2] Group 2: Material Consumption and Efficiency - Current wire consumption for single GW silicon wafers is approximately 60,000 kilometers, with no significant changes expected in the average consumption level next year [2] - The company anticipates an increase in the penetration rate of tungsten wire diamond wire, contingent on the resolution of raw material supply issues [2] - The production efficiency is expected to improve significantly with the introduction of new 20-wire machines, which will reduce costs and enhance material utilization [2] Group 3: Market Share and Competitive Position - The company's market share is projected to increase significantly in the coming years, with notable growth observed from Q3 to Q4 of this year [2] - The transition from multi-crystalline to mono-crystalline products has been a key factor in the company's market strategy [2] - The company has been focusing on R&D and technological upgrades to enhance its competitive position in the market [2] Group 4: Product Specifications and Trends - The mainstream specifications for diamond wire products this year are primarily 38um and 40um, with carbon steel diamond wire at 35um being the most common [3] - The 35um specification has increased its market share to approximately 60%, while tungsten wire diamond wire is primarily supplied in 30-32um and 27um sizes [4] - The company expects that the technical requirements for diamond wire will continue to rise as the industry moves towards larger and thinner wafers [3]

Group 1: Financial Performance - The company achieved a revenue of 276 million yuan in the first half of 2022, representing a 173% year-on-year increase [2] - The net profit attributable to shareholders significantly increased, driven by enhanced production capacity and technological upgrades [2] - The average gross margin for the second quarter reached 32.5%, indicating improved profitability [2][4] Group 2: Production Capacity and Expansion Plans - The company plans to increase its production capacity to 3 million kilometers per month by the end of 2022, which is 3-4 times higher than the same period last year [2] - The first batch of new equipment was installed in June 2022, with a total capacity expected to reach 2 million kilometers by September and 3 million kilometers by October [5] - The company is focused on accelerating its expansion plans to meet the growing demand from downstream customers [5] Group 3: Market and Product Development - The company aims to enhance its diamond wire products not only in the photovoltaic sector but also in other fields [3] - The main product specifications for diamond wire include 36um and 40um, each accounting for approximately 20% of the total output [3] - The company has established partnerships with key clients in the tungsten wire sector, including major players like GCL and Jinko [4] Group 4: Industry Trends and Challenges - The industry is experiencing a significant expansion cycle, with many companies announcing their own capacity increases [4] - Despite the expansion, the company does not anticipate a price war, as the release of new capacity will take time and depend on product quality and client demand [4] - The challenges in expansion include equipment design and selection, as well as aligning production capacity with downstream customer needs [4]

Production Capacity and Expansion Plans - The company plans to reach a production capacity of 300 million kilometers per month by October 2022, with an earlier-than-expected ramp-up due to increased investment in production lines [2] - The total production capacity could reach 500 million kilometers per month, with an additional 200 million kilometers per month expected from new diamond wire capacity [2] - The company aims to enhance production capacity further based on market demand, with an estimated completion time of 3-5 months for additional upgrades [2] Market Trends and Competitive Landscape - The industry is experiencing rapid expansion, with many companies announcing their own capacity increases, driven by a shift towards finer and thinner wire applications [3] - The company is optimistic about expanding its market share in the diamond wire segment, particularly in the photovoltaic sector [3] - Despite the expansion, the company does not foresee a price war, as the release of new capacities will take time and depend on product quality and client demand [4] Product Development and Diversification - The company is focused on two main development routes: expanding the diamond wire product range and exploring new materials for photovoltaic and energy storage applications [3] - The company has developed diamond wire specifically for silicon carbide semiconductor processing, which is seeing stable growth in sales [4] - The company is also exploring potential acquisitions and partnerships to enhance its product offerings and market presence [3] Pricing and Supply Chain Dynamics - The price of diamond wire has been relatively stable, with fluctuations in upstream carbon steel wire prices noted, but overall, the cost remains low in the context of silicon wafer production [4] - The company is actively working with suppliers to ensure a stable supply of raw materials, particularly for tungsten wire, which is gaining traction in the market [4] - The current mainstream specifications for diamond wire are 35um and 38um, with ongoing efforts to develop finer specifications [4]

Group 1: Financial Performance - The company's gross profit margin has been gradually improving, primarily due to capacity release and technological advancements [2] - The production efficiency and energy consumption have shown significant improvement with the introduction of new equipment, contributing to effective cost control [2] - The gross profit margin levels for different product specifications are not strictly calculated separately due to continuous production in the same environment [2] Group 2: Product Structure and Market Demand - The current shipment structure shows that the 38um specification is dominant, with prices around 40,000 yuan (including tax) [2] - There is a strong demand for switching to finer wire specifications (35um, 36um), driven by downstream customer needs for larger and thinner products [3] - The industry is pursuing fine wire technology, with downstream clients rapidly transitioning to larger sizes and thinner sheets [3] Group 3: Supply Chain and Production Capacity - The supply of tungsten wire is currently tight, impacting the availability of tungsten wire diamond cutting products [3] - The company is planning to enhance production capacity after achieving the target of 300 million kilometers by the end of the year, focusing on technological upgrades [4] - The overall market demand for diamond wire is expected to increase as silicon wafer processing capacity expands [3] Group 4: Market Outlook and Pricing Pressure - The anticipated demand for diamond wire is projected to reach 3.5 billion kilometers, with the silicon wafer industry expected to expand significantly [3] - The cost of diamond wire is a minor component of the overall silicon wafer cost, but quality and performance are becoming increasingly critical for downstream clients [3] - Future pricing pressure is expected, but the market will not solely rely on low prices; product iteration will play a significant role in pricing strategies [3]

Financial Performance - The company's revenue for the first three quarters reached 442 million, with Q3 alone contributing 166 million, marking a 102.95% increase year-on-year [3] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 71.65 million for the first three quarters, with Q3 accounting for 30.76 million [3] - The average monthly shipment volume is approximately 1.5 million kilometers, with Q3's total shipment volume at 4.5 million kilometers [3] Production Capacity and Expansion - The company announced a new production capacity plan of 2 million kilometers per month in April, with ongoing expansion since June [3] - By October, the expansion equipment is expected to be fully operational, with plans to reach a monthly capacity of 3 million kilometers by the end of the year [5] - Future plans include increasing capacity to over 5 million kilometers per month in the first half of next year [5] Product Specifications and Market Trends - The company’s product line includes diamond wire, with the finest specifications currently at 28um for tungsten wire and 33um for carbon steel wire [4][6] - The market demand for finer wire diameters is driven by the high prices of silicon wafers and technological requirements [4] - The gross profit margin is gradually improving due to increased production scale and enhanced technical research and development [4] Market Outlook and Strategic Focus - The company is optimistic about the future of diamond wire in the semiconductor market, particularly for silicon carbide applications, despite the current small market size [4] - There is a focus on integrating energy storage solutions, with ongoing research and development in new energy materials [5] - The company aims to position itself as a multi-product pillar in the new materials or new energy sectors, ensuring sustainable growth [5]

Financial Performance - The company's revenue for Q3 2022 reached ¥165,840,698.86, representing a 102.95% increase year-over-year[5] - Net profit attributable to shareholders was ¥30,953,476.93, a staggering increase of 26,616.02% compared to the same period last year[5] - The basic earnings per share (EPS) was ¥0.2547, reflecting a 23,254.55% increase year-over-year[5] - Total operating revenue for the third quarter reached CNY 441,982,357.02, a significant increase from CNY 182,686,690.35 in the same period last year, representing a growth of approximately 142.3%[19] - Net profit for the period was CNY 71,840,036.21, compared to a net loss of CNY 18,162,074.22 in the previous year, indicating a turnaround in profitability[20] - Basic earnings per share for Q3 2022 were 0.6196, compared to a loss of 0.1589 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,395,815,762.43, a 27.44% increase from the previous year-end[5] - Total assets rose to CNY 1,395,815,762.43, compared to CNY 1,095,308,874.09 in the previous year, marking an increase of approximately 27.5%[18] - The company's total liabilities increased to CNY 687,569,039.20, up from CNY 641,180,766.00, which is an increase of about 7.2%[18] - The company’s total equity attributable to shareholders rose to ¥710,025,176.85, marking a 55.90% increase from the previous year[5] - The equity attributable to shareholders of the parent company reached CNY 710,025,176.85, compared to CNY 455,423,630.89, reflecting a growth of approximately 55.8%[18] Cash Flow - Cash flow from operating activities showed a negative net amount of -¥15,067,904.07, a decline of 217.95% due to increased procurement for expansion[8] - Net cash flow from operating activities was -15,067,904.07 yuan, a decrease from 12,774,809.15 yuan in the same period last year[22] - Total cash inflow from financing activities was 160,000,000.00 yuan, up from 95,059,369.85 yuan in the previous year[22] - Cash and cash equivalents at the end of the period were 72,255,931.40 yuan, down from 77,462,902.43 yuan at the end of the previous year[22] - Cash outflow from investing activities totaled 32,738,217.92 yuan, compared to 14,191,089.12 yuan in the same period last year[22] - The company’s net cash flow from financing activities was 38,399,336.63 yuan, compared to a net outflow of -17,707,481.92 yuan in the same period last year[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,418[10] - The largest shareholder, Duan Zhiming, holds 20.40% of shares, totaling 24,789,050 shares[10] - The number of shares held by the top ten shareholders with unrestricted conditions totals 29,401,191 shares[14] - There are no reported changes in the status of the top ten shareholders' shares[10] Research and Development - Research and development expenses increased by 74.33% to ¥19,919,801.05, indicating a commitment to innovation[8] - Research and development expenses increased to CNY 19,919,801.05, up from CNY 11,426,628.10, reflecting a growth of about 74.5% year-over-year[19] Inventory and Receivables - Accounts receivable increased significantly from ¥130,580,021.64 to ¥211,079,495.76, representing a growth of about 61.5%[16] - Inventory rose from ¥105,861,541.29 to ¥145,920,684.44, an increase of approximately 37.8%[16] - Total current assets increased from ¥454,076,614.34 to ¥647,125,603.17, a growth of about 42.6%[16] - Fixed assets increased from ¥502,016,743.82 to ¥565,827,196.38, reflecting a growth of approximately 12.7%[16] Financial Management - The company experienced a 639.56% increase in contract liabilities, reaching ¥465,759.62, due to an increase in customer prepayments[8] - The company’s financial expenses decreased by 57.91% to ¥5,670,016.73, primarily due to reduced interest from convertible bonds[8] - The company reported a gross profit margin improvement, with total operating costs at CNY 356,125,523.27, compared to CNY 209,323,231.07, indicating a more efficient cost structure[19] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[20] - The company aims to enhance its competitive position through strategic investments in technology and innovation[20]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 276,141,658.16, representing a 173.48% increase compared to CNY 100,971,580.55 in the same period last year[24]. - The net profit attributable to shareholders of the listed company reached CNY 41,369,490.10, a significant turnaround from a loss of CNY 16,908,772.44 in the previous year, marking a 344.66% increase[24]. - The net profit after deducting non-recurring gains and losses was CNY 40,893,152.34, compared to a loss of CNY 18,867,611.78 last year, reflecting a 316.74% improvement[24]. - The basic earnings per share increased to CNY 0.36, up 325.00% from a loss of CNY 0.16 per share in the previous year[24]. - The company achieved operating revenue of 276.14 million yuan in the first half of 2022, an increase of 173.48% year-on-year[42]. - The net profit attributable to shareholders reached 41.37 million yuan, showing significant growth compared to the same period last year[42]. - The gross profit margin for diamond wire products was 32.55%, with revenue from this segment increasing by 169.61% year-on-year[51]. - The company reported a significant increase in income tax expenses to ¥7,405,730.60, a rise of 283.57% compared to a tax benefit of -¥4,034,391.08 in the previous year, driven by increased profits[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,212,068,038.52, a 10.66% increase from CNY 1,095,308,874.09 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company rose to CNY 679,071,699.92, a 49.11% increase from CNY 455,423,630.89 at the end of the previous year[24]. - Accounts receivable increased to ¥197,889,486.98, representing 16.33% of total assets, up from 11.92% last year, due to a significant rise in sales volume[52]. - The company's cash and cash equivalents decreased to -¥36,543,731.39, a decline of 152.02% from -¥14,500,287.30, primarily due to cash flow reductions from operating and investing activities[50]. - Total liabilities decreased to CNY 534,575,189.97 from CNY 641,180,766.00, a reduction of approximately 16.66%[154]. - Owner's equity increased to CNY 677,492,848.55, up from CNY 454,128,108.09, marking a growth of 49.38%[154]. Cash Flow - The company reported a negative cash flow from operating activities of CNY -13,961,398.49, which is a 46.17% decline compared to CNY -9,551,578.83 in the same period last year[24]. - The net cash flow from investing activities was -¥28,948,997.62, a significant drop of 166.83% from -¥10,849,259.13, attributed to increased fixed asset investments for expansion[50]. - The company's operating cash flow for the first half of 2022 was -13,961,398.49 CNY, compared to -9,551,578.83 CNY in the same period of 2021, indicating a decline in cash generation from operations[166]. - The total cash inflow from financing activities increased to 70,000,000.00 CNY in the first half of 2022, up from 30,000,000.00 CNY in the first half of 2021[168]. Research and Development - Research and development expenses amounted to 12.52 million yuan, a 48.59% increase year-on-year, enhancing product technology and production line capabilities[42]. - The company has developed 40 authorized patents, showcasing its commitment to innovation and technology advancement[44]. - Continuous investment in R&D is emphasized to improve product competitiveness and expand market applications[67]. - The company is investing 100 million CNY in R&D for new technologies aimed at enhancing product efficiency[96]. Market and Industry Trends - The global photovoltaic industry has seen a rapid growth trend, with a record new installed capacity of 167.8GW in 2021, representing a 25% increase year-on-year[36]. - China's new photovoltaic installed capacity reached 54.88GW in 2021, a year-on-year increase of 13.9%, with cumulative installed capacity exceeding 300GW[37]. - The company is positioned to benefit from the ongoing expansion in the photovoltaic and sapphire markets, driven by increasing demand for solar energy and LED applications[35]. - The LED market is projected to reach a value of $8.11 billion in 2022, with a year-on-year growth of 9.2%, driven by advancements in smart lighting and health-oriented lighting solutions[39]. Operational Efficiency and Strategy - The production model is order-driven, allowing for semi-customized production to meet diverse customer needs, which enhances responsiveness to market changes[32]. - The company plans to expand its production capacity to 3 million kilometers per month within the year[42]. - The company aims to maintain stable product quality and reduce costs through lean production practices to enhance profitability[69]. - The company plans to deepen cooperation with suppliers and enhance strategic procurement to mitigate raw material price volatility[71]. Environmental Management - The company has established an effective environmental risk management system and continuously improves its environmental supervision and management[89]. - The company adheres to the ISO14001 environmental management system, promoting clean production and sustainable development[91]. - The company is committed to reducing carbon emissions and has initiated clean production plans[91]. Corporate Governance and Compliance - The company has committed to ensuring that its operational activities do not harm the interests of the company[101]. - The management emphasized the importance of adhering to regulatory requirements and maintaining transparency in all financial disclosures and shareholder communications[100]. - The company has not provided any financial support or compensation to investors in the past and does not plan to do so in the future[104]. Shareholder Information - The company’s stock structure includes 30.67% of restricted shares and 69.33% of unrestricted shares[131]. - The number of shareholders at the end of the reporting period was 11,564, with the largest shareholder holding 20.40% of the shares[136]. - The company reported a total of 32,860,764 shares held by directors and senior management, with 75% of shares locked during their tenure[135].

Financial Performance - The company's revenue for Q1 2022 was CNY 122,678,043.95, representing a 175.75% increase compared to CNY 44,489,045.44 in the same period last year[3]. - Net profit attributable to shareholders reached CNY 13,508,465.73, a significant turnaround from a loss of CNY 6,098,309.68, marking a 321.51% increase[3]. - The net profit after deducting non-recurring gains and losses was CNY 13,498,638.51, compared to a loss of CNY 7,874,836.37, reflecting a 271.41% improvement[3]. - The basic earnings per share improved to CNY 0.121 from a loss of CNY 0.074, representing a 263.51% increase[3]. - The total comprehensive income for the first quarter was CNY 13,352,545.58, compared to a loss of CNY 6,098,309.68 in the previous period[24]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,091,163,567.98, a slight decrease of 0.38% from CNY 1,095,308,874.09 at the end of the previous year[3]. - The total liabilities decreased to CNY 441,404,335.38 from CNY 641,180,766.00, reflecting a reduction of approximately 30.9%[19]. - Current assets totaled CNY 462,829,783.60, showing a modest increase from CNY 454,076,614.34 at the start of the year[18]. - Accounts receivable rose to CNY 169,587,879.78 from CNY 130,580,021.64, indicating an increase of approximately 29.9%[18]. - Inventory levels increased slightly to CNY 107,168,961.44 from CNY 105,861,541.29, reflecting a growth of about 1.2%[18]. Shareholder Information - Shareholders' equity attributable to the company increased by 42.99% to CNY 651,210,675.55 from CNY 455,423,630.89[3]. - The total number of common shareholders at the end of the reporting period is 11,151[9]. - The largest shareholder, Duan Zhiming, holds 20.40% of the shares, totaling 24,789,050 shares[9]. - The top ten shareholders hold a combined 54.67% of the company's shares[9]. - The largest shareholder's restricted shares amount to 18,591,787, which are locked for a certain period[12]. Cash Flow - The net cash flow from operating activities was negative at CNY -23,020,843.73, worsening by 56.71% compared to CNY -14,690,476.18 in the previous year[7]. - Cash inflow from operating activities totaled CNY 53,520,131.33, up from CNY 32,647,565.80 in the previous period, representing a 63.9% increase[26]. - Cash outflow from operating activities was CNY 76,540,975.06, compared to CNY 47,338,041.98 in the previous period, indicating a 61.9% increase[27]. - Cash flow from investing activities resulted in a net outflow of -CNY 5,881,604.89, compared to -CNY 7,851,700.97 in the previous period[27]. - The ending cash and cash equivalents balance was CNY 42,705,936.56, down from CNY 100,175,787.83 at the end of the previous period[27]. Research and Development - Research and development expenses increased by 33.56% to CNY 5,062,276.79, reflecting the company's commitment to innovation[6]. - The company reported research and development expenses of CNY 5,062,276.79, up from CNY 3,790,270.97, indicating an increase of approximately 33.6% year-over-year[21]. Corporate Actions - The company plans to raise up to 365.76 million RMB through a private placement to supplement working capital and repay interest-bearing debts[13]. - A total of 8.7 million restricted stock options were granted to 29 incentive recipients at a price of 11.36 RMB per share[14]. - The company redeemed all "Dai Le Convertible Bonds" on March 22, 2022, paying a total of 6,708,968.28 RMB[15]. - The total number of restricted shares at the end of the period is 32,860,764 shares, with no new restricted shares added during the period[12]. - The company has no preferred shareholders as of the reporting period[11]. Operational Overview - Total operating revenue for the first quarter reached CNY 122,678,043.95, a significant increase from CNY 44,489,045.44 in the previous year, representing a growth of approximately 175.5%[21]. - Total operating costs amounted to CNY 106,129,580.98, up from CNY 54,403,903.55, indicating a year-over-year increase of about 95.3%[21]. - The company did not undergo an audit for the first quarter report[28]. - The report was released by the board of directors on April 22, 2022[29].

Financial Performance - The company reported a significant decline in annual performance, with specific reasons and measures for improving profitability detailed in the management discussion section[6]. - The company's operating revenue for 2021 was ¥270,702,347.37, an increase of 11.45% compared to ¥242,897,047.71 in 2020[23]. - The net profit attributable to shareholders was -¥78,122,344.08, a significant decrease of 5,295.01% from a profit of ¥1,503,797.09 in 2020[23]. - The net cash flow from operating activities was ¥29,700,085.34, up 8.89% from ¥27,276,287.22 in 2020[23]. - The total assets at the end of 2021 were ¥1,095,308,874.09, a decrease of 3.66% from ¥1,136,905,433.26 at the end of 2020[23]. - The company's basic and diluted earnings per share were both -¥0.730, a decline of 7,400.00% from ¥0.010 in 2020[23]. - The weighted average return on equity was -15.80%, down 16.08% from 0.28% in 2020[23]. - The company achieved operating revenue of 27,070.23 million yuan in the reporting period, an increase of 11.45% year-on-year[48]. - The company reported a net profit attributable to shareholders of -7,812.23 million yuan, influenced by increased inventory impairment and longer accounts receivable collection periods[48]. Dividend and Capital Management - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The company’s profit distribution plan aligns with its articles of association and considers industry characteristics, development stage, profitability, and shareholder return needs[169]. Research and Development - The company is committed to becoming a global leader in hard and brittle material processing consumables, with ongoing investments in research and development[42]. - In 2021, the company invested CNY 17.31 million in R&D, a 12.04% increase year-over-year, accounting for 6.39% of revenue[51]. - The company applied for 5 patents and was granted 7 patents during the reporting period, enhancing its intellectual property portfolio[51]. - The company plans to increase R&D investment to enhance product competitiveness and develop new products, focusing on high-grade diamond and tungsten wire technologies[102]. - The company aims to continuously increase R&D investment to enhance product competitiveness in response to market demand[112]. Market Position and Industry Trends - The company is positioned in the diamond wire industry, primarily serving the photovoltaic and sapphire sectors, which are expected to grow due to global renewable energy trends[34]. - The company anticipates that the photovoltaic industry will see significant growth, with renewable energy expected to account for 95% of new power generation installations by 2025[35]. - The transition to a "grid parity" era for photovoltaic power generation is expected to open new market opportunities for the company[36]. - In 2021, China's newly installed photovoltaic capacity reached a record high of 54.88 GW, a year-on-year increase of 13.9% compared to 48.2 GW in 2020[37]. - The global demand for new photovoltaic installations is projected to reach 270-330 GW by 2025, more than double the current demand, indicating a significant market expansion[38]. Operational Efficiency and Management - The company is focusing on technological upgrades and optimizing production processes to address the decline in operating performance[49]. - The company optimized its management processes to improve operational efficiency and established a profit-target-based assessment mechanism[52]. - The company has established a customer-oriented technical service and product quality improvement system, enhancing customer satisfaction and product performance[61]. - The company has implemented quality management systems certified by ISO9001:2015 and RoHS, but risks of quality issues remain[114]. - The company is focused on optimizing its compensation system to retain high-quality R&D personnel and prevent technology leakage[115]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[6]. - The company faces risks related to declining sales prices and gross margins due to increased competition in the diamond wire manufacturing industry[108]. - Fluctuations in raw material prices, which constitute a significant portion of product costs, could adversely affect profit margins[117]. - The company maintains a risk management system to prevent operational risks through its internal control framework[175]. Corporate Governance - The company has a transparent information disclosure system, ensuring timely and accurate information is available to all investors[126]. - The governance structure of the company aligns with legal and regulatory requirements, with no significant discrepancies noted[127]. - The company has established a performance evaluation and incentive system linking management compensation to business performance, ensuring transparency in the hiring of senior management[126]. - The company is committed to maintaining high standards of corporate governance with independent directors overseeing operations[141]. Employee Management - The total number of employees at the end of the reporting period was 713, with 489 in the parent company and 224 in major subsidiaries[162]. - The company is committed to providing competitive salaries and implementing a fair employee performance evaluation mechanism[163]. - The company has established a comprehensive training system to enhance employee skills and support strategic goals[166]. - The company implemented an employee stock ownership incentive plan in December 2021 to boost employee confidence and stabilize its talent pool[55]. Environmental Responsibility - The company is classified as a key pollutant discharge unit and has reported emissions of Chemical Oxygen Demand (COD) at 2.31 tons/year, which is within the approved limit of 2.53 tons/year[183]. - The company has implemented a robust environmental risk management system and has conducted emergency drills for environmental incidents[184]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[186].