国林科技(300786) - 国林科技调研活动信息

Financial Performance - In Q3 2022, the company's operating revenue was 198 million CNY, a decrease of 46.77% compared to the previous year [2] - The net profit attributable to shareholders was 12.09 million CNY, down 80.78% year-on-year [2] - The net cash flow from operating activities was 28.3 million CNY, an increase of 149.08% compared to the same period last year [2] Project Updates - The Xinjiang subsidiary is currently in a trial production phase, facing increased costs due to depreciation and employee salaries [2] - The production capacity ramp-up in Xinjiang has been delayed due to strict pandemic control measures, limiting the number of employees [3] - The company is optimizing the DCS control system during the lockdown period, but full production ramp-up will only begin after restrictions are lifted [3] Business Operations - The company has 1.1 million CNY in unexecuted contracts, which provide some stability to operations [3] - Revenue from the ozone business segment has declined due to delays in product delivery and acceptance caused by the pandemic [3] - The company is maintaining communication with domestic and international clients, although logistics disruptions have affected order fulfillment [4] Equipment and Production - The verification results for the first set of semiconductor ozone cleaning equipment are still pending [4] - The pricing of semiconductor ozone cleaning equipment will be determined based on customer needs and design plans [4] - The company plans to hire approximately 230 employees for the Xinjiang project, with current staffing at around 200 [4] Raw Materials and Costs - The main raw materials for producing ethyl aldehyde acid are anhydride and ozone, with sufficient domestic supply for anhydride [5] - The production of 25,000 tons of ethyl aldehyde acid is estimated to yield around 23,000 tons of potassium formate as a byproduct [5] - The company is currently working on a preliminary cost accounting plan for the production process [5]