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 ...

Group 1: Company Overview and Market Position - Wuxi Dike Electronic Materials Co., Ltd. is a leading supplier of conductive silver paste in the photovoltaic industry, focusing on N-type TOPCon and HJT battery technologies [2][4]. - The company has established a strong customer base, including industry leaders such as Jinko, Trina, and Tongwei, with significant market share in N-type battery materials [4][5]. Group 2: Product Development and Innovation - The company is actively developing TOPCon metallization pastes, with a focus on improving efficiency and reducing costs through inorganic system enhancements [3][6]. - Continuous R&D efforts have led to advancements in low-temperature silver pastes for HJT batteries, achieving rapid progress in client testing and certification [3][4]. Group 3: Financial Performance and Challenges - The company reported a decline in profit due to reduced gross margins influenced by rising costs of raw materials and increased market competition [6]. - Exchange rate losses from the rapid appreciation of the USD against the RMB have also impacted financial performance [6]. Group 4: Future Plans and Investments - A total investment of approximately 400 million RMB is planned for the new electronic materials project in Dongying, which includes a 5,000-ton silver nitrate production line and a 2,000-ton metal powder production line [5]. - The company aims to enhance its supply chain and promote higher-margin products to improve profitability in the future [6].

无锡帝科电子材料股份有限公司 2022 年第三季度报告 证券代码：300842 证券简称：帝科股份 公告编号：2022-111 无锡帝科电子材料股份有限公司 2022 年第三季度报告 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.第三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 2022 年第三季度报告 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 | --- | --- | --- | --- | --- | |--------------------------------------------------------|------------|--------------------------------- ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[25]. - Gross profit margin for the first half of 2022 was 30%, a decrease of 5% compared to the same period last year[25]. - The company's operating revenue for the reporting period was ¥1,670,403,270.70, representing a 19.71% increase compared to ¥1,395,367,834.99 in the same period last year[33]. - The net profit attributable to shareholders of the listed company decreased by 59.35% to ¥27,752,783.71 from ¥68,266,427.55 in the previous year[33]. - The net profit after deducting non-recurring gains and losses was ¥15,398,509.14, down 74.03% from ¥59,303,645.32 in the same period last year[33]. - The net cash flow from operating activities increased by 248.54% to ¥249,483,425.79, compared to a negative cash flow of ¥167,956,147.77 in the previous year[33]. - The operating cost increased by 26.30% to CNY 1,546,658,044.21, compared to CNY 1,224,617,401.60 in the previous year[83]. - The company reported a significant increase in financial expenses by 145.28% to CNY 18,064,767.34, primarily due to foreign exchange losses from USD loans[83]. - The investment income showed a loss of CNY 19,743,804.90, accounting for -70.28% of total profit, mainly from silver futures and foreign exchange derivatives[89]. Research and Development - The company plans to invest RMB 100 million in R&D for new product development in the next fiscal year[25]. - The company invested ¥50,994,700 in R&D during the first half of 2022, maintaining a leading position in the industry[75]. - The company plans to increase R&D investment and market promotion efforts, focusing on the development of next-generation photovoltaic cell metallization solutions, including N-type TOPCon and HJT technologies[51]. - The company is focusing on the development of new technologies, including advanced solar cell materials, to maintain competitive advantage[25]. - The company’s R&D team has created a market-oriented and customer-driven independent R&D system, mastering several core technologies in the conductive silver paste field[50]. - The company plans to enhance R&D innovation, optimize supply chains, and promote high-margin products like N-type TOPCon battery conductive silver paste to maintain competitive advantages[131]. Market and Sales - User data indicates a 20% increase in customer base, reaching 1 million active users by June 2022[25]. - The company has expanded its market presence in Southeast Asia, achieving a 25% growth in sales in that region[25]. - Future guidance estimates a revenue growth of 10-15% for the second half of 2022[25]. - The sales revenue from photovoltaic conductive silver paste was CNY 1,462,483,709.36, reflecting an 8.25% increase from CNY 1,341,783,601.47[86]. - The sales strategy primarily involves direct sales to high-quality customers, supplemented by distributors for smaller clients, enhancing sales efficiency[66]. Risks and Challenges - The company faces risks including market competition and fluctuations in raw material prices, which may impact profitability[5]. - The company acknowledges the cyclical nature of the photovoltaic industry, which may impact the demand for its key product, conductive silver paste for solar cells[125]. - The company faces increasing market competition as domestic firms improve the quality and performance of conductive silver paste, challenging the previous reliance on foreign suppliers[126]. - The company has a significant amount of foreign currency borrowings and relies on imported silver powder, making it vulnerable to exchange rate fluctuations that could impact operational performance[132]. - There is a risk of negative net cash flow from operating activities as the company provides customers with credit terms while needing to prepay suppliers, potentially leading to working capital shortages[133]. - The accounts receivable balance is growing rapidly, primarily due to increased sales scale and settlement cycles, which could lead to collection risks if economic conditions worsen[134]. Corporate Governance and Social Responsibility - The company has established a robust corporate governance structure to protect shareholder rights, particularly for minority shareholders[151]. - Employee welfare is prioritized through various benefits, including housing arrangements and health check-ups, ensuring comprehensive health protection[154]. - The company continues to integrate social responsibility into its development strategy, balancing economic and social benefits[155]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[150]. Investments and Acquisitions - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[25]. - The company plans to apply for a comprehensive credit line not exceeding RMB 2.3 billion from financial institutions for operational and strategic needs[176]. - The company is planning to issue shares to acquire 100% equity of Jiangsu Suote Electronic Materials Co., Ltd. and raise matching funds through a private placement[179]. - The company has received a notice from the Shenzhen Stock Exchange regarding the acceptance of its application for the issuance of shares to purchase assets and raise matching funds[180]. - The company has applied for a suspension of the review of the major asset restructuring due to the expiration of the audit and valuation reports[182].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 25% compared to 2020[18]. - The company's operating revenue for 2021 was ¥2,814,456,026.02, representing a 77.96% increase compared to ¥1,581,544,560.49 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥93,935,699.23, an increase of 14.43% from ¥82,086,519.78 in 2020[24]. - The net profit after deducting non-recurring gains and losses was ¥105,358,110.58, which is a 31.60% increase from ¥80,059,617.83 in 2020[24]. - The company achieved a revenue of ¥2,814,456,026.02, representing a year-on-year growth of 77.96%[56]. - The net profit attributable to shareholders was ¥93,935,699.23, with a year-on-year increase of 14.43%[56]. - The company reported a total revenue of 1,932.67 million CNY for the reporting period[155]. - The company reported a significant increase in revenue for the year 2021, with total revenue reaching 1.5 billion RMB, representing a year-over-year growth of 20%[200]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development in the solar energy sector in 2022[18]. - The company invested ¥98,189,000 in R&D in 2021, maintaining a leading position in the industry[59]. - The company has a total of 116 R&D personnel, accounting for 44.79% of the total workforce[59]. - The R&D expenditure for new products and technologies reached 150 million yuan, accounting for 12.5% of total revenue[169]. - The company is focusing on next-generation N-type battery industrialization opportunities, including TOPCon, HJT, and IBC battery technologies[120]. - The company aims to leverage its R&D capabilities to drive innovation and improve product competitiveness[159]. - Investment in R&D increased by 30% year-over-year, totaling 300 million RMB, focusing on new technologies and product innovations[200]. Market Expansion and Strategy - User data indicates a 15% increase in the number of active customers, reaching 10,000 by the end of 2021[18]. - The company has set a revenue target of RMB 1.5 billion for 2022, reflecting a growth forecast of 25%[18]. - Market expansion efforts include entering two new international markets in Southeast Asia by Q3 2022[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023[169]. - The company is actively expanding its market presence and optimizing its customer structure in response to supply chain fluctuations[63]. - The company aims to increase its production and sales volume, as well as market share in the photovoltaic industry, particularly with P-type solar cells[118]. Product Development - The company is developing new technologies in the field of Tunnel Oxide Passivated Contact (TOPCon) solar cells, aiming for commercial production by 2023[18]. - The company is also developing conductive adhesives for semiconductor packaging, leveraging its conductive silver paste technology platform[43]. - The company introduced two new product lines, which are expected to contribute an additional 300 million yuan in revenue over the next year[169]. - The company aims to launch three new products in 2022, which are anticipated to contribute an additional 200 million RMB in revenue[200]. Financial Management and Governance - The company has no plans to distribute cash dividends or issue bonus shares for the fiscal year 2021[6]. - The company emphasizes continuous investment in technology R&D and has built a high-quality R&D team to ensure rapid response to market changes[55]. - The company has established an independent human resources department and governance structure, ensuring no shareholder interference in personnel decisions[142]. - The company has an independent financial department with a standardized accounting system, allowing for autonomous financial decision-making[143]. - The company is committed to maintaining transparency and accountability in its financial reporting practices[156]. Risks and Challenges - The company faces risks including market competition and fluctuations in raw material prices, which could impact future profitability[6]. - The company acknowledges risks from industry cyclicality and market competition, emphasizing the need for continuous R&D and innovation to maintain its market position[124][125]. - The company's operating cash flow was negative due to long cash conversion cycles and increased prepayments for raw materials, leading to potential liquidity risks if business scales rapidly[128]. - Accounts receivable increased significantly, primarily due to expanded sales and settlement cycles, with most receivables aging within one year, but economic downturns could heighten collection risks[128]. Customer and Supplier Relations - The top five customers accounted for 61.90% of total sales, with the largest customer contributing ¥570,696,872.04, or 20.28% of total sales[80]. - The top five suppliers represented 95.43% of total purchases, with the largest supplier, DOWA Electronics Materials CO.,LTD, accounting for ¥1,876,822,961.20, or 67.56% of total purchases[80]. - The company has established a strong customer resource advantage, being recognized as a top supplier in the global photovoltaic conductive silver paste supply chain[62]. Operational Efficiency - The company increased its production capacity and inventory levels in response to growing downstream demand, with production volume rising by 50.17% year-on-year[71]. - The company has implemented new strategies to enhance customer engagement, resulting in a 15% increase in customer retention rates[200]. - The company plans to enhance cash management and optimize settlement methods to alleviate financial pressure, including measures like bill pledging and strengthening collection management[128].

无锡帝科电子材料股份有限公司 2022 年第一季度报告全文 证券代码：300842 证券简称：帝科股份 公告编号：2022-050 无锡帝科电子材料股份有限公司 2022 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 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 本报告期比上年同期增 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|----------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 25%[18]. - The company's operating revenue for 2021 was ¥2,814,456,026.02, representing a 77.96% increase compared to ¥1,581,544,560.49 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥93,935,699.23, which is a 14.43% increase from ¥82,086,519.78 in 2020[24]. - The company achieved a revenue of ¥2,814,456,026.02, representing a year-on-year growth of 77.96%[62]. - Revenue from photovoltaic conductive silver paste reached ¥2,691,105,455.71, an increase of 70.27% year-on-year[69]. - The company reported a total revenue of 1,932.67 million CNY for the fiscal year 2021[165]. - The company experienced a year-on-year growth of 19.30% in revenue compared to the previous year[165]. - The company reported a total revenue of 1.2 billion yuan for the fiscal year 2021, representing a year-over-year increase of 15%[176]. Profitability and Margins - Gross profit margin for 2021 was 30%, a decrease from 35% in 2020, indicating pressure on profitability[18]. - The net profit after deducting non-recurring gains and losses was ¥105,358,110.58, up 31.60% from ¥80,059,617.83 in 2020[24]. - The weighted average return on equity for 2021 was 10.64%, down from 13.27% in 2020[24]. - The gross profit margin for electronic materials was 11.67%, down 1.66% from the previous year[76]. Research and Development - The company plans to invest 15% of its revenue into R&D for new product development and technological advancements in 2022[18]. - The company invested ¥98,189,000 in R&D in 2021, maintaining a leading position in the industry[65]. - The R&D expenditure for new products and technologies was 150 million yuan, accounting for 12.5% of total revenue[176]. - The company has established a self-driven R&D system focused on market orientation and customer demand, leading to multiple core technologies in conductive silver paste[62]. - The company has a strong R&D team with members holding advanced degrees and extensive experience in the industry[167]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[176]. - The company aims to increase its market share through strategic partnerships and potential acquisitions[167]. - The company is focusing on expanding its market share in advanced printing and semiconductor packaging materials through ongoing R&D initiatives[88]. Product Development and Innovation - New product lines, including advanced conductive adhesives, are projected to contribute an additional RMB 200 million in revenue in 2022[18]. - The company is also expanding its product applications into the semiconductor electronic packaging sector, developing conductive adhesives that meet varying thermal performance requirements[47]. - The company is developing new products such as conductive silver paste for 5G filters and low-temperature conductive silver paste for heterojunction (HJT) batteries, aiming to enhance market competitiveness[89]. - The company is focused on developing conductive silver paste for photovoltaic cells, with an emphasis on enhancing efficiency and reducing costs in the solar industry[129]. Risks and Challenges - The management highlighted risks including market competition and potential fluctuations in raw material costs impacting future performance[6]. - The company faces risks from industry cyclicality, with potential impacts on its operating performance due to fluctuations in the photovoltaic market[132]. - The company is aware of the risk of declining gross margins due to intensified competition and is taking measures to control costs and enhance supply chain management[136]. - The company is managing foreign exchange risks related to its import of raw materials, primarily silver powder, by engaging in foreign exchange derivative transactions[137]. Corporate Governance and Management - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[145]. - The company has established independent financial, personnel, and operational systems, ensuring complete independence from its controlling shareholder[150]. - The company has maintained compliance with corporate governance standards, with no significant discrepancies from regulatory requirements[149]. - The company has implemented a performance evaluation and incentive mechanism for its senior management, ensuring transparency in the hiring process[147]. Cash Flow and Financial Position - The net cash flow from operating activities for 2021 was -¥259,398,093.53, an improvement of 50.17% compared to -¥520,598,228.39 in 2020[24]. - The net cash flow from operating activities increased significantly due to expanded sales and good customer collections[96]. - The company's cash and cash equivalents increased to approximately 236.32 million, representing 10.43% of total assets, up from 8.80% at the beginning of the year[100]. - Accounts receivable rose to approximately 651.36 million, making up 28.75% of total assets, reflecting a significant increase in sales revenue[100]. Shareholder Engagement - The company held its first temporary shareholders' meeting in 2021 with an investor participation rate of 33.81% on February 19, 2021[157]. - The second temporary shareholders' meeting in 2021 had a participation rate of 30.50% on April 14, 2021[157]. - The annual shareholders' meeting for 2020 recorded a participation rate of 41.42% on May 18, 2021[157].

Revenue and Profitability - Revenue for Q3 2021 reached ¥830,322,736.25, an increase of 61.41% compared to the same period last year[4] - Net profit attributable to shareholders was ¥23,769,493.24, a decrease of 23.26% year-over-year[4] - Net profit excluding non-recurring gains and losses was ¥19,275,311.69, down 47.26% from the previous year[4] - Revenue for Q3 2021 reached CNY 2,225,690,571.24, a 119.52% increase compared to CNY 1,013,871,353.50 in the same period last year[7] - Net profit for the period led to an increase in undistributed profits to CNY 283,260,451.57, up 48.13% from CNY 191,224,530.78[7] - The net profit for Q3 2021 was CNY 92,035,920.79, an increase of 16.5% compared to CNY 79,257,535.10 in the same period last year[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,275,033,939.65, reflecting a 40.55% increase from the end of the previous year[4] - Total liabilities amounted to CNY 1,346,418,540.09, compared to CNY 784,019,127.53 at the end of 2020, reflecting an increase of approximately 71.8%[17] - The company reported a significant increase in accounts receivable by 30.15% to ¥664,053,013.02 due to higher sales revenue[6] - Inventory increased by 50.38% to ¥296,949,747.69 as the company prepared for expanded production and sales[6] Cash Flow - Cash flow from operating activities showed a net outflow of ¥400,668,672.94, a 25.15% increase in outflow compared to the same period last year[4] - The cash and cash equivalents at the end of the period totaled 139,704,307.05 CNY, down from 227,965,303.78 CNY in the previous year, representing a decline of approximately 38.7%[28] - The cash flow from operating activities showed a net outflow of CNY -400,668,672.94, worsening from CNY -320,142,760.92 in the same quarter last year[26] Expenses - Operating costs increased to CNY 1,985,803,206.87, reflecting a 130.76% rise from CNY 860,560,583.47, primarily due to increased sales volume and rising silver prices[7] - R&D expenses doubled to CNY 73,171,575.67, a 100.60% increase from CNY 36,476,818.34, as the company focused on enhancing its R&D capabilities[7] - The financial expenses increased to CNY 9,716,909.18, compared to CNY 4,535,365.64 in the same period last year, indicating a rise of 114.4%[20] Investments and Financing - The company is actively advancing its fundraising projects, leading to a 16,367.09% increase in construction in progress to ¥76,538,369.01[6] - The total cash inflow from financing activities amounted to 1,819,224,493.94 CNY, compared to 1,326,737,733.46 CNY in the same period last year, reflecting a growth of approximately 37%[28] - The company experienced an investment loss of CNY -14,093,912.29, contrasting with an investment gain of CNY 17,704,997.36 in the previous year[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,943, with the top ten shareholders holding significant stakes[9] - The company reported a total of 30,488,826 restricted shares held by major shareholders, with no shares released during the reporting period[11] - The company’s major shareholder, Qian Yaping, plans to reduce her holdings by up to 3,000,000 shares, representing 3.00% of the total share capital[13] Corporate Actions and Legal Matters - The company plans to issue shares to acquire 100% equity of Jiangsu Suote Electronic Materials Co., Ltd. and raise supporting funds from no more than 35 specific investors[12] - The company has reported ongoing litigation involving Jiangsu Suote related to patent infringement disputes[13] - The company completed the registration of changes in its business scope and amendments to its articles of association as of September 13, 2021[13] Miscellaneous - The company has not disclosed any other significant matters beyond those mentioned[13] - The third quarter report was not audited, indicating that the financial figures are preliminary and subject to change[32]