华盛锂电(688353) - 2025 Q2 - 季度财报

Section 1 Definitions 1.1 Definitions of Common Terms This section defines key terms and entities used in the report, including company and subsidiary names, industry-specific chemicals (e.g., VC, FEC, LiFSI), and project names, providing a foundational understanding for readers - "Company, the Company, Joint Stock Company, Jiangsu Huasheng, Huasheng Lithium" all refer to Jiangsu Huasheng Lithium Battery Materials Co., Ltd[12] - Major subsidiaries include Taixing Huasheng, Huaying New Energy, Shengmei Lithium, Xianghe New Energy, and Huasheng Lianying[12] - Detailed explanations are provided for industry terms such as lithium battery electrolyte, lithium battery electrolyte additives, silicon-carbon anode, solid-state electrolyte, and high-performance carbon nanotubes[13][14] - Various chemical abbreviations and their full names are listed, such as VC (Vinylene Carbonate), FEC (Fluoroethylene Carbonate), LiFSI (Lithium Bis(fluorosulfonyl)imide), LiDFOB (Lithium Difluoro(oxalato)borate), and MMDS (Methylene Methanedisulfonate)[14] Section 2 Company Profile and Key Financial Indicators 2. Company Basic Information This section provides fundamental company details including its Chinese name, abbreviation, legal representative, registered and office addresses, website, and email address - The company's Chinese name is Jiangsu Huasheng Lithium Battery Materials Co., Ltd., abbreviated as Huasheng Lithium[16] - The legal representative is Shen Jinliang, and the registered and office address is No. 1 Desheng Road, Jiangsu Yangtze River International Chemical Industrial Park[16] 2. Contact Person and Information This section provides the names, contact addresses, telephone numbers, and email addresses of the company's Board Secretary and Securities Affairs Representative, facilitating investor inquiries and communication - The Board Secretary is Huang Zhendong, and the Securities Affairs Representative is Lu Haiyuan; both can be reached at 0512-58782831 or bod@sinohsc.com[17] 3. Information Disclosure and Document Custody Location Changes This section specifies the company's designated newspapers for information disclosure, the website address for semi-annual reports, and the location where reports are kept, ensuring transparency and accessibility of information - The company's selected newspapers for information disclosure include Securities Times, China Securities Journal, Shanghai Securities News, and Securities Daily[18] - The website address for semi-annual reports is www.sse.com.cn, and the company's semi-annual reports are kept at the company's Board Office[18] 4. Company Stock/Depositary Receipt Overview This section discloses the listing exchange, board, ticker symbol, and stock code of the company's A-shares, as well as the previous ticker symbol, clarifying the company's market information - The company's stock type is A-shares, listed on the STAR Market of the Shanghai Stock Exchange[19] - The stock ticker symbol is Huasheng Lithium, and the stock code is 688353[19] 6. Company Key Accounting Data and Financial Indicators During the reporting period, the company's operating revenue increased by 72.02% year-on-year, but net profit attributable to shareholders and net cash flow from operating activities were both negative, with increased net outflow, indicating challenges in profitability and cash flow management despite revenue growth Major Accounting Data (Jan-Jun 2025 vs Prior Period) | Indicator | Current Period (Jan-Jun) (CNY) | Prior Period (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 349,852,789.28 | 203,380,818.52 | 72.02 | | Total Profit | -91,930,084.98 | -92,086,556.63 | N/A | | Net Profit Attributable to Shareholders of Listed Company | -72,738,903.13 | -72,523,260.94 | N/A | | Net Cash Flow from Operating Activities | -183,292,007.81 | -51,635,127.82 | N/A | | Net Assets Attributable to Shareholders of Listed Company (Period End) | 3,323,201,769.54 | 3,467,733,474.55 | -4.17 | | Total Assets (Period End) | 4,238,415,781.27 | 4,290,085,764.97 | -1.20 | Major Financial Indicators (Jan-Jun 2025 vs Prior Period) | Indicator | Current Period (Jan-Jun) | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic EPS (CNY/share) | -0.47 | -0.45 | N/A | | Diluted EPS (CNY/share) | -0.46 | -0.45 | N/A | | Basic EPS After Deducting Non-Recurring Gains and Losses (CNY/share) | -0.50 | -0.56 | N/A | | Weighted Average ROE (%) | -2.14 | -1.97 | Decrease of 0.17 percentage points | | R&D Investment as % of Operating Revenue (%) | 6.65 | 9.37 | Decrease of 2.72 percentage points | - Operating revenue increased by 72.02%, primarily due to increased market demand and a significant increase in product sales volume[23] - Net cash flow from operating activities showed a larger net outflow compared to the prior period, mainly due to decreased sales collection and increased operating cash outflows[23] 8. Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 5.77 million CNY, primarily comprising government grants recognized in current profit or loss and fair value changes from financial assets, alongside other non-operating income and expenses Non-Recurring Gains and Losses Items and Amounts (Unit: CNY) | Item | Amount | | :--- | :--- | | Government Grants Recognized in Current Profit/Loss | 1,132,158.00 | | Fair Value Changes and Disposal Gains/Losses from Financial Assets and Liabilities Held by Non-Financial Enterprises (Excluding Effective Hedging Related to Normal Business Operations) | 13,468,885.15 | | Other Non-Operating Income and Expenses Apart from the Above | -6,588,910.19 | | Less: Income Tax Impact | 2,162,284.80 | | Minority Interest Impact (After Tax) | 78,702.09 | | Total | 5,771,146.07 | 9. Companies with Equity Incentive or Employee Stock Ownership Plans May Choose to Disclose Net Profit After Deducting Share-Based Payment Impact This section discloses the company's net profit after deducting the impact of share-based payments, which was -77.37 million CNY for the current reporting period, representing a slight reduction in loss compared to the prior period Net Profit After Deducting Share-Based Payment Impact (Unit: CNY) | Indicator | Current Period (Jan-Jun) | Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Net Profit After Deducting Share-Based Payment Impact | -77,371,524.56 | -78,500,725.75 | N/A | Section 3 Management Discussion and Analysis 1. Description of the Company's Industry and Main Business During the Reporting Period The company specializes in R&D, production, and sales of lithium battery electrolyte additives and specialty organosilicon, being a leading supplier of VC and FEC. During the reporting period, the company actively expanded capacity, continued R&D on new additives and battery materials, and ventured into hazardous waste disposal to address industry competition and market demand - The company's products primarily include electronic chemicals (VC, FEC, BOB, and other lithium battery electrolyte additives) and specialty organosilicon (IPTS, TESPI)[31][32] - The company is one of the leading suppliers in the VC and FEC markets, with products widely used in new energy vehicles, power tools, and 3C products[31][56] - The company operates four production bases in Zhangjiagang and Taixing; upon completion of the third phase of its IPO projects, VC and FEC production capacity will reach 14,000 tons per year[31](index=3