Group 1: Investor Relations Activities - The company conducted an investor relations activity on May 21, 2025, from 15:30 to 17:00 via the "Panorama Roadshow" interactive platform [3] - Participants included investors engaging in the "2025 Jiangxi Listed Companies Online Collective Reception Day" [3] - Company representatives included Chairwoman Deng Daqin, CFO Deng Congxiu, and Vice General Manager and Board Secretary Tian Jiali [3] Group 2: Key Questions and Responses - The company is involved in the development of solid-state battery materials, specifically special graphite materials, which are essential for solid electrolyte research and production [5] - The solid-state battery sector is considered a potential direction for the company's future development, although the industry is not yet fully industrialized and involves confidentiality agreements with clients [5] - The company is open to the possibility of introducing strategic investors or asset restructuring, with any such arrangements to be disclosed in accordance with regulations [5]

Core Viewpoint - The company announced a delay in the investment project for producing high-end special graphite materials due to changes in the macroeconomic environment and a slowdown in customer demand, extending the project timeline to March 31, 2026 [2] Group 1: Company Performance and Financials - In Q1 2025, the company reported a main revenue of 65.51 million yuan, a year-on-year decrease of 36.07% [6] - The net profit attributable to shareholders was -18.10 million yuan, a year-on-year decline of 214.73% [6] - The net profit after deducting non-recurring items was -19.12 million yuan, down 222.91% year-on-year [6] - The company's debt ratio stood at 45.94%, with financial expenses amounting to 2.59 million yuan and a gross profit margin of 9.67% [6] Group 2: Strategic Initiatives and Future Growth - The company plans to enhance its production quality, accelerate inventory turnover, improve new product development, and reduce costs to navigate challenges in 2025 [4] - Future profit growth points include the steady advancement of a project to produce 30,000 tons of high-end special graphite materials, improving production efficiency through a comprehensive R&D system, and expanding both domestic and international markets [5] Group 3: Talent and Management Strategy - The company acknowledges the importance of talent strategy for sustainable development and plans to consider optimizing the compensation structure for core team members in the future [2] - The current compensation levels are based on industry cycles, company profitability, and individual performance assessments [2] Group 4: Product Development and Market Position - The company does not currently have plans to develop graphene or carbon fiber products but focuses on high-end graphite materials applicable in various industries such as photovoltaics, semiconductors, and aerospace [3] - The company maintains a high inventory level due to industry characteristics and production cycles, ensuring that inventory valuation aligns with market conditions [3]

Group 1: Investor Relations Activity Overview - The company held its 2024 annual performance briefing on May 16, 2025, via an online platform [3] - Key attendees included the Chairman, General Manager, Financial Officer, Board Secretary, and the sponsor representative [3] Group 2: Performance and Challenges - The company plans to extend the construction period of the "annual production of 18,000 tons of high-end special graphite material project" to March 31, 2026, due to changes in market demand and macroeconomic conditions [5] - In 2024, the company faced a significant decline in sales prices of key products due to reduced demand in downstream industries, leading to a substantial drop in gross profit margin [8] Group 3: Talent and Compensation Strategy - The management is considering optimizing the compensation structure for core team members to enhance competitiveness, with potential adjustments to bonuses and long-term equity incentives in the future [5] Group 4: Inventory and Financial Management - The company maintains high inventory levels due to industry characteristics and production cycles, ensuring that inventory impairment tests consider various factors to align book values with actual conditions [7] - The company has recognized impairment provisions for existing inventory due to lower sales prices compared to costs, contributing to financial losses [8] Group 5: Future Growth Opportunities - Future profit growth is expected from the steady advancement of the 30,000 tons special high-end graphite material project, enhancing product quality consistency [9] - The company aims to improve production efficiency and reduce costs through a comprehensive R&D system [9] - Expansion into domestic and international markets is a key strategy to increase sales scale and profitability [9]

Group 1: Financial Performance and Challenges - The company reported a loss in 2024 primarily due to oversupply in downstream lithium battery and photovoltaic sectors, leading to a decline in both shipment volume and average prices [5] - Inventory impairment provisions amounted to approximately CNY 136 million due to price declines [5] - Credit impairment provisions increased significantly, totaling CNY 42 million, as customer payment speeds slowed [5] - Asset impairment provisions were recorded at around CNY 50 million following cautious assessments of related assets [5] Group 2: Investor Relations and Communication - The company has established various channels for investor interaction, including an investor relations section on its website, a dedicated phone line, and an email address for inquiries [6] - The company encourages investors to engage through multiple communication methods and welcomes on-site visits for further discussions [6] Group 3: Product Applications and Innovations - Special graphite materials are widely used in lithium batteries, photovoltaics, artificial diamonds, metallurgy, chemicals, machinery, and electronics [8] - The company has optimized its production process for special graphite, reducing the roasting steps from three to one, which significantly shortens production cycles [5] - High-purity graphite is utilized in sodium batteries and solid-state batteries, with notable clients in the sodium battery sector [7] Group 4: Market Strategy and Future Outlook - The company plans to optimize product structure and reduce reliance on lithium battery and photovoltaic products, while increasing the proportion of high-value-added products [9] - Measures to enhance cash flow and manage costs are being implemented to navigate the current industry downturn [9] - The company is committed to improving its market value through enhanced operational performance, governance structure optimization, and better investor communication [10] Group 5: Regulatory and Strategic Positioning - Special graphite is classified as a dual-use item subject to export controls, with recent adjustments allowing for the export of low-sensitivity graphite products while maintaining controls on high-purity materials [11] - The company is focused on research and development for high-end applications of special graphite materials, particularly in nuclear-grade sealing materials [12]

在第三十四届哈洽会上，黑龙江省鸡西市以"中国石墨之都·北疆开放明珠"为名片，携"黑色资源绿色革命"的 底气、"寒地龙药"的清香与对俄合作的开放姿态亮相。鸡西市副市长陈霖在接受新华网访谈时，揭秘了这座百年 煤城如何将"乌金石墨"转化为绿色动能。 新华网：本届哈洽会鸡西展厅如何体现本土特色？布局和展品有哪些创新？ 陈霖：在本届哈洽会上，鸡西以"石墨之都·北疆开放明珠"为定位，打造了150平方米的特装展厅。向全球客商展 示鸡西资源禀赋、区位优势，产业生态和文旅魅力。 在展厅设计上，融合了中式框架与俄罗斯元素，顶部采用了蓝白山水纹，与中俄界湖兴凯湖的生态美景相互 呼应，中心螺旋柱，融合了石墨晶体与碳元素，搭配的AI机器人演示工业科技，彰显出鸡西作为"石墨之都"的特 色与科技实力，正面还特设了俄式浮雕展台，以褐色为主色调，凸显了对俄合作的重要地位。 在功能分区方面，划分出了展示区、品鉴区和洽谈区等不同场景。展示区展示了石墨新材料、生物医药产 品、刺五加制品等六大领域商品；品鉴区现场供应鸡西大冷面、辣菜等特色食品，让参观者既能了解鸡西产业产 品，又能品鉴鸡西美食；洽谈区为客商们提供了舒适的交流合作空间，实现了"观展—体验 ...

关于平顶山东方碳素股份有限公司 公开发行股票并在北交所上市 申请文件的审核问询函的回复 信会师函字[2023]第 ZB009 号 a t and Art 立信会计师事务所(特殊普通合伙) BDO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 立信会计师事务所(特殊普通合伙) 关于平顶山东方碳素股份有限公司公开发行股票 并在北交所上市申请文件的审核问询函的回复 信会师函字[2023]第 ZB009 号 北京证券交易所: 贵所于 2023年1月12日出具的《关于平顶山东方碳素股份有限公司公开发 行股票并在北交所上市申请文件的审核问询函》(以下简称"《审核问询函》") 收悉,立信会计师事务所(特殊普通合伙)(以下简称"会计师"或"我们")对审 核问询函中涉及申报会计师的有关问题回复如下: 如无特别说明,本审核问询问题的回复中简称与《平顶山东方碳素股份有限 公司招股说明书(申报稿)》中的简称具有相同含义。 本回复报告中的字体代表以下含义: | 问询函所列问题 | 黑体加粗 | | --- | --- | | 对问询函所列问题的回复 | 宋体 | | 对招股说明书 ...