Company Overview - Qiaoyuan Co., Ltd. specializes in the research, production, sales, and service of high-purity gases, with nearly 20 years of development [3] - The product range includes high-purity oxygen, nitrogen, argon, medical oxygen, food nitrogen, industrial oxygen, carbon dioxide, hydrogen, various electronic gases, and mixed gases, serving industries such as metallurgy, chemicals, military, medical, food, new energy, semiconductors, electronic information, biomedicine, and new materials [3] Financial Performance - The company's performance in 2022 declined primarily due to: - Increased costs leading to a decrease in overall gross margin, including: - Price inversion for liquid products provided to Tongwei project, which was largely resolved by Q3 [3] - Year-on-year increase in energy electricity prices [3] - Increased period expenses, mainly due to safety expenses, listing costs, and sales equipment [3] Sales Structure - Sales revenue breakdown for gases in 2022: - Oxygen: ¥448,858,407.18 (48.87% of total revenue) compared to ¥440,182,455.61 (52.87% in 2021) [4] - Nitrogen: ¥319,485,087.12 (34.79%) compared to ¥240,916,000.88 (28.94%) [4] - Argon: ¥86,573,045.75 (9.43%) compared to ¥83,379,800.55 (10.01%) [4] - Other gases: ¥21,656,889.43 (2.36%) compared to ¥20,679,863.23 (2.48%) [4] - Other: ¥41,818,149.49 (4.55%) compared to ¥47,413,284.93 (5.69%) [4] Production Capacity - Main product capacity and utilization rates as of 2022: - Oxygen: Designed capacity 597,816,000 Nm³, utilization rate 41.11%, with additional capacity under construction [5] - Nitrogen: Designed capacity 684,576,000 Nm³, utilization rate 54.63%, with significant additional capacity under construction [5] - Liquid oxygen: Designed capacity 691,891.28 tons, utilization rate 65.82% [5] - Liquid nitrogen: Designed capacity 544,206.62 tons, utilization rate 83.15% [5] - Liquid argon: Designed capacity 61,256.36 tons, utilization rate 45.99% [5] Investor Communication - The company engaged in thorough communication with investors during the meeting, adhering to regulations and ensuring no undisclosed significant information was leaked [6]
侨源股份(301286) - 侨源股份:2023年5月4日投资者关系活动记录表