Financial Performance - The company's revenue for Q1 2023 reached ¥1,548,338,008.73, representing a 121.72% increase compared to ¥698,332,291.58 in the same period last year[5] - Net profit attributable to shareholders was ¥86,263,701.13, a significant increase of 370.75% from ¥18,324,725.58 year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥79,774,968.38, up 244.04% from ¥23,187,622.42 in the previous year[5] - Basic and diluted earnings per share both increased to ¥0.86, reflecting a 377.78% rise from ¥0.18 in the same period last year[5] - The total operating revenue for Q1 2023 was CNY 1,548,338,008.73, a significant increase from CNY 698,332,291.58 in the same period last year, representing a growth of approximately 121.5%[27] - The net profit for Q1 2023 reached CNY 84,858,660.24, up from CNY 18,324,725.58 in Q1 2022, marking a growth of approximately 363.5%[28] - The company reported a significant increase in operating income, leading to a 433.01% rise in income tax expenses to ¥12,331,274.52 from ¥2,313,514.73[10] - The company has shown a strong improvement in operating profit, which was CNY 89,259,597.83 in Q1 2023, compared to CNY 18,231,119.25 in Q1 2022, marking an increase of approximately 389.5%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,169,171,125.70, a 24.26% increase from ¥3,355,189,075.52 at the end of the previous year[5] - The total liabilities for Q1 2023 were CNY 3,138,523,717.62, up from CNY 2,409,858,862.04 in Q1 2022, which is an increase of approximately 30.3%[25] - The total equity attributable to the parent company as of Q1 2023 was CNY 1,005,746,170.69, compared to CNY 919,023,935.20 in the previous year, indicating an increase of about 9.4%[25] Cash Flow - The company's cash flow from operating activities showed a negative net amount of ¥496,407,977.27, a decrease of 255.29% compared to ¥319,671,947.28 in the previous year[5] - The net cash flow from operating activities was -¥496,407,977.27, a decrease of 255.29% from ¥319,671,947.28, mainly due to increased prepayments for raw materials[10] - The net cash flow from investing activities was ¥11,775,545.56, a recovery from -¥9,083,633.54, resulting from the return of idle funds from cash management[10] - The net cash flow from financing activities increased to ¥369,008,111.50, a 214.23% rise from -¥323,030,996.71, reflecting expanded bank financing to support inventory procurement[10] - Cash inflow from operating activities was CNY 932,014,339.32, an increase from CNY 808,003,304.32 in the previous year, reflecting a growth of 15.4%[30] - The ending balance of cash and cash equivalents was CNY 130,296,323.71, down from CNY 178,997,359.08 in the previous year[32] Investments and Expenses - R&D expenses increased to ¥37,093,757.30, up 70.39% from ¥21,769,847.30, due to enhanced team building and increased investment in technology innovation and product development[10] - Financial expenses rose to ¥12,671,599.24, a 203.00% increase from -¥12,301,933.32, primarily due to increased interest expenses and reduced foreign exchange gains[10] - The company reported a significant increase in interest income, which rose to CNY 3,306,775.95 in Q1 2023 from CNY 323,406.56 in Q1 2022, representing a growth of approximately 923.5%[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,509, with the largest shareholder holding 19.30% of shares[11] - The top ten shareholders collectively hold significant stakes, with the largest shareholder, Shi Weili, owning 19,302,669 shares[12] - The company reported a total of 30,488,826 shares with lock-up restrictions remaining at the end of the period, with no shares released or newly restricted during the current period[15] - The company has not released any shares from lock-up restrictions during the current period[15] Regulatory and Compliance - The company received a warning letter from the Jiangsu Securities Regulatory Bureau regarding compliance matters[21] - The company anticipates a total amount of related party transactions not exceeding RMB 1,001.70 million for the year 2023[16] - The company plans to engage in foreign exchange derivative trading with a limit of up to RMB 2 billion and silver futures contracts with a margin not exceeding RMB 60 million for the year 2023[17] - The company has approved a comprehensive credit limit application of up to RMB 3.2 billion, valid for twelve months from the date of approval[19] Market and Strategic Initiatives - The company is actively expanding its market presence and enhancing its product offerings through increased R&D investment and strategic financial management[10] - The company experienced a 123.68% increase in accounts payable, rising to ¥229,014,947.30 due to expanded production and sales[9] - The company reported a 701.93% increase in taxes and surcharges, amounting to ¥1,412,691.92, driven by significant business growth[9] - The company is actively advancing its fundraising projects, leading to a 39.47% increase in construction in progress, totaling ¥110,244,982.00[9]

无锡帝科电子材料股份有限公司 2023 年第一季度报告 证券代码：300842 证券简称：帝科股份 公告编号：2023-042 无锡帝科电子材料股份有限公司 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、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 1 无锡帝科电子材料股份有限公司 2023 年第一季度报告 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） | 1,548,338,008.73 | 698,332,291.58 | 121.72% | | ...

Financial Performance - The company achieved operating revenue of 3,766.674 million yuan, an increase of 33.83% compared to the previous year[4]. - The net profit attributable to shareholders was -173.239 million yuan, a decrease of 118.44% year-on-year[4]. - The company's operating revenue for 2022 was ¥3,766,673,993.15, representing a 33.83% increase compared to ¥2,814,456,026.02 in 2021[30]. - The net profit attributable to shareholders was -¥17,323,949.79 in 2022, a decrease of 118.44% from ¥93,935,699.23 in 2021[30]. - The net cash flow from operating activities improved by 24.10%, amounting to -¥196,882,465.77 in 2022 compared to -¥259,398,093.53 in 2021[30]. - Total assets increased by 48.11% to ¥3,355,189,075.52 at the end of 2022, up from ¥2,265,325,565.08 at the end of 2021[30]. - The company's basic earnings per share for 2022 was -¥0.17, down 118.09% from ¥0.94 in 2021[30]. - The weighted average return on equity was -1.87% in 2022, a decline of 12.51% from 10.64% in 2021[30]. - The company reported a total revenue of ¥1,155,514,238.69 in Q4 2022, with a net profit attributable to shareholders of -¥31,473,267.25[33]. - The revenue for the first three quarters of 2022 was ¥698,332,291.58 in Q1, ¥972,070,979.12 in Q2, and ¥940,756,483.76 in Q3[33]. Market and Industry Trends - The global photovoltaic market is expected to grow rapidly, with an estimated 1,500 GW of new installations from 2022 to 2027, driven by the transition to renewable energy[42]. - China's new photovoltaic installed capacity reached 87.41 GW in 2022, a year-on-year increase of 59.3%, maintaining its position as the world's largest market[43]. - The global demand for conductive silver paste is projected to grow significantly, supported by an annual average increase in global photovoltaic installations of 232-286 GW from 2022 to 2025[46]. - The company anticipates that the market share of TOPCon batteries will exceed 35% and HJT batteries will approach 20% by 2025, which will support long-term growth in the conductive silver paste market[46]. - The photovoltaic industry is influenced by macroeconomic factors and policy changes, which can lead to fluctuations in market demand for conductive silver paste[128]. Product Development and R&D - The company plans to enhance its R&D capabilities and maintain a technology-leading advantage in the solar photovoltaic sector, focusing on upgrading conductive silver paste products[7]. - R&D investment in 2022 was 11,492.73 million yuan, maintaining an industry-leading position[66]. - The company has developed a market-oriented R&D system, focusing on core technologies in glass, organic, and silver powder systems[47]. - The company is actively developing N-type high-efficiency battery technologies, including TOPCon, HJT, and new IBC batteries, to meet growing market demand[124]. - The company is focusing on the research, production, and sales of new electronic materials, primarily crystalline silicon solar cell conductive silver paste, which is crucial for photovoltaic power stations[128]. Supply Chain and Operational Efficiency - In 2023, the company aims to optimize supply chain processes to reduce product costs and improve operational efficiency[7]. - The company employs a procurement model based on production needs, considering historical purchasing data and maintaining a certain level of inventory to ensure supply stability[56]. - The production model is based on sales forecasts, allowing for rapid production and ensuring product supply to customers[57]. - The company utilizes a multi-supplier approach to enhance supply security and reduce procurement costs for key raw materials like silver powder[56]. - The company is increasing the use of domestically produced silver powder to enhance supply chain security and reduce costs, positively impacting profitability[71]. Financial Management and Governance - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[138]. - The company maintains complete independence from its controlling shareholder in terms of business operations, personnel, assets, and finances, with no guarantees provided to the controlling shareholder[139]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[140]. - The company has a complete and independent financial management system, with dedicated accounting personnel and independent bank accounts[142]. - The company reported a total shareholding of 19,302,669 shares at the beginning of the period, with no changes during the reporting period[146]. Risks and Challenges - The company continues to face risks including intensified competition, exchange rate fluctuations, and cash flow challenges[8]. - The company is at risk of declining gross margins due to cost pressures from upstream suppliers and increased competition in the photovoltaic sector[130]. - The company may face negative cash flow from operating activities due to the timing of receivables and payables, which could impact its liquidity[131]. - The company has established a strict accounts receivable management system to mitigate collection risks associated with its expanding sales[132]. - The company faces risks from intensified market competition as domestic firms improve the quality and performance of conductive silver paste, potentially impacting pricing strategies[129]. Shareholder Returns and Dividends - The company will not distribute cash dividends or issue bonus shares for the reporting period[9]. - The board proposed not to distribute cash dividends or issue bonus shares for the year 2022 due to the negative net profit, aiming to ensure operational stability and long-term shareholder interests[186]. - Future dividend plans include a commitment to return 40% of net profits to shareholders over the next three years[175]. Internal Control and Compliance - The company identified internal control deficiencies related to inventory management and has taken corrective measures, including training and strengthening internal audit functions[195]. - The company received a warning from the Jiangsu Securities Regulatory Bureau regarding issues in stock incentive management, leading to the cancellation of unvested restricted stocks for ineligible participants[196]. - The company plans to enhance its internal control system in 2023, focusing on compliance with regulations and improving operational processes[196]. - The internal control self-assessment report was disclosed on April 27, 2023, indicating that 100% of the total assets and operating income of the evaluated units were included in the company's consolidated financial statements[200].

证券代码：300842 证券简称：帝科股份 无锡帝科电子材料股份有限公司 投资者关系活动记录表 编号：2020-001 | --- | --- | --- | |-------------------|-----------------------------------|------------------------------------------------------| | | | | | 投 资 者 关 系 活 | 特定对象调研 □分析师会议 | | | 动类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参 与 单 位 名 称 | | 海通证券、泾溪投资、新时代证券、中欧基金、诺安基金、 | | 及人员姓名 | | 中信保诚、平安养老保险、中信建投、混沌投资、中庚基 | | | 金、浙商证券，共计 | 人 | | 时间 | 2020 年 7 月 8 日下午 | 1:00-3:00 | | 地点 | 公司会议室 | | | 上 市 公 司 接 待 | 董事长、总经理 史卫利 ...

证券代码：300842 证券简称：帝科股份 无锡帝科电子材料股份有限公司 投资者关系活动记录表 编号：2020-002 | --- | --- | --- | |-------------------|----------------------------------|------------------------------------------------------| | | | | | 投 资 者 关 系 活 | 特定对象调研 □分析师会议 | | | 动类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他 （电话会议） | | | 参 与 单 位 名 称 | | 中信建投、国泰基金、东北证券、康曼德资本、国投瑞银、 | | 及人员姓名 | | 鸿道投资、中银基金、太平资产、聚鸣投资、富国基金、招 | | | 银理财、港丽投资、国联证券，共计 | 16 人 | | 时间 | 2020 年 9 月 14 | 日下午 14:00-15:00 | | 地点 | 电话会议 | | | 上 市 公 司 接 待 | 董事、财务总监 ...

证券代码：300842 证券简称：帝科股份 无锡帝科电子材料股份有限公司 投资者关系活动记录表 编号：2020-003 | --- | --- | --- | |----------------------|------------------------------|---------------------------------------------------------------------------------------------------| | | | | | 投 资 者 关 系 活 | | 特定对象调研 □分析师会议 | | 动类别 | □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 | | 中信证券、中金公司、国联证券、浙商证券、长信基金，共 | | 及人员姓名 | 计 8 人。 | | | 时间 | 2020 年 11 月 2 日 | 14:00-16:00 | | 地点 | 公司会议室 | | | 上 市 公 司 接 待 | | 董事、财务总监 戚尔东先生 | | ...

证券代码：300842 证券简称：帝科股份 编号：2021-002 无锡帝科电子材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------|----------------------------------------------|---------------------------------------------------------------------------------------------------------------| | | | | | 投 资者 关系 活 | 特定对象调研 | □分析师会议 | | 动类别 | □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 | | 博时基金、鹏华基金、银华基金、申万宏源、上投摩根基金、 诺安基金、太平资产、东吴基金、汐泰投资、金鹰基金、中欧 | | 及人员姓名 | 基金等 15 人。 | | | 时间 | 2021 年 9 月 9 日 13:00-15:00 | | | 地点 ...

证券代码：300842 证券简称：帝科股份 编号：2021-003 无锡帝科电子材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------|----------------------------------------------------|--------------------------------------------------------------------| | | | | | 投 资者 关系 活 | 特定对象调研 | □分析师会议 | | 动类别 | □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 | | 国联证券、兴业证券、广发证券、河清资本、东北证券、科闻 | | 及人员姓名 | 申万宏源证券、上海玖歌投资等 | 投资、民生证券、中欧基金、中国人寿养老保险、农银汇理、 16 人。 | | 时间 | 2021 年 10 月 29 日 13:00-14:30 | | | 地点 | 无锡帝科电子材料股份有限公司上海分公司 ...