Financial Performance - Revenue for the first nine months reached ¥17.57 billion, a 156.43% increase year-on-year[14] - Net profit attributable to shareholders for the first nine months was ¥1.36 billion, up 24.52% from the previous year[14] - Basic earnings per share increased to ¥1.86, representing a 24.00% growth compared to the same period last year[14] - Operating revenue for Q3 was ¥7.37 billion, reflecting a 178.64% increase year-on-year[15] - Net profit attributable to shareholders for Q3 was ¥439.66 million, a 22.18% increase compared to the same quarter last year[15] - Total operating revenue for Q3 2022 reached ¥7.37 billion, a significant increase from ¥2.64 billion in Q3 2021, representing a growth of approximately 178.5%[83] - The company reported a total profit of ¥492.37 million for Q3 2022, compared to ¥426.28 million in Q3 2021, reflecting an increase of approximately 15.5%[84] Assets and Liabilities - Total assets increased by 72.27% to ¥28.34 billion compared to the end of the previous year[14] - The company's total liabilities to assets ratio increased to 63.73% from 51.86% year-on-year[14] - Total liabilities increased to ¥18,061,187,460.16 from ¥8,531,892,929.61, indicating a rise of 111.9%[76] - The company's total assets reached ¥28,341,168,580.82, compared to ¥16,451,507,336.30, representing a growth of 72.0%[76] - Short-term borrowings increased to ¥2,711,362,158.92 from ¥1,523,869,077.63, a rise of 77.9%[75] - The company's total liabilities increased to ¥9.27 billion in 2022 from ¥4.56 billion in 2021, marking a rise of about 103.5%[80] Cash Flow - Cash flow from operating activities showed a net outflow of ¥671.40 million, worsening by 111.42% compared to the previous year[14] - Operating cash inflow for the first nine months of 2022 was CNY 12,218,637,456.48, a significant increase from CNY 4,967,734,787.46 in the same period of 2021, representing a growth of approximately 146%[92] - Net cash flow from operating activities for the first nine months of 2022 was -CNY 671,398,112.96, worsening from -CNY 317,568,634.13 in 2021[92] - Cash inflow from financing activities reached CNY 6,437,417,045.25 in 2022, up from CNY 1,379,331,630.15 in 2021, marking an increase of approximately 367%[93] - Total cash outflow from operating activities was CNY 12,890,035,569.44 in 2022, up from CNY 5,285,303,421.59 in 2021, indicating a rise of about 143%[92] Shareholder Information - The largest shareholder, Baoan Holdings, holds 319,801,593 shares, representing 43.92% of total shares[30] - China Baoan, the second largest shareholder, holds 177,926,341 shares, accounting for 24.44% of total shares[30] - The total shares held by the top ten shareholders amount to 602,581,870, which is 82.76% of the total shares[30] Research and Development - Research and development expenses increased by 131.31% year-over-year, indicating a continued commitment to enhancing R&D capabilities[19] - Research and development expenses for Q3 2022 were ¥373.48 million, significantly higher than ¥141.90 million in Q3 2021, representing an increase of about 163.5%[83] Guarantees and Commitments - The company provided guarantees totaling 70 million for Huizhou Bettery, with a guarantee balance of 0 as of December 31, 2021[37] - A guarantee of 250 million was issued for Huizhou Bettery, with a balance of approximately 231.92 million as of July 19, 2022[37] - The company has a guarantee of 500 million for Huizhou Bettery, with a balance of 475 million as of April 26, 2025[37] - The company has committed to avoiding competition with its controlling subsidiary, Betterray, and will cease any competing business if necessary[48] - The company is actively fulfilling its commitments regarding profit distribution policies as outlined in its public offering documents[50] Legal Matters - There were no litigation or arbitration matters reported during the reporting period[35] - The company is involved in ongoing litigation against Shenzhen Watma for unpaid debts totaling RMB 108 million, with a court ruling in favor of the company[59] - The company has filed two lawsuits against Watma for a total of RMB 222.16 million in unpaid debts, with one ruling ordering repayment of RMB 11.71 million[55][60]

Financial Performance - Operating revenue for the first nine months reached ¥17.57 billion, a 156.43% increase year-on-year[14] - Net profit attributable to shareholders for the first nine months was ¥1.36 billion, up 24.52% from the previous year[14] - In Q3 2022, operating revenue was ¥7.37 billion, representing a 178.64% increase compared to Q3 2021[15] - Net profit attributable to shareholders in Q3 2022 was ¥439.66 million, a 22.18% increase year-on-year[15] - Basic earnings per share for Q3 2022 increased to ¥0.60, up 20.00% from ¥0.50 in Q3 2021[15] - Revenue increased by 156.43% compared to the previous period, driven by the growth in demand for new energy vehicles[20] - Net profit increased by 20.55% compared to the previous period, benefiting from the sustained growth in the downstream new energy vehicle industry[20] - Total operating revenue for Q3 2022 reached ¥7,367,388,815.93, a significant increase of 178.5% compared to ¥2,644,046,707.14 in Q3 2021[83] - Total profit for Q3 2022 was ¥492,371,249.52, compared to ¥426,283,229.14 in Q3 2021, indicating a growth of 15.5%[84] Assets and Liabilities - Total assets increased by 72.27% to ¥28.34 billion compared to the end of the previous year[14] - The company's total liabilities to assets ratio increased to 63.73% from 51.86% at the end of the previous year[14] - Total liabilities increased to RMB 13,973.41 million as of September 30, 2022, up from RMB 6,556.12 million at the end of 2021, reflecting a rise in short-term borrowings and accounts payable[75] - Total liabilities increased to CNY 18.06 billion from CNY 8.53 billion, representing a growth of 111.9% year-over-year[76] - Total owner's equity increased to CNY 10.28 billion from CNY 7.92 billion, a growth of 29.0%[76] Cash Flow - Cash flow from operating activities showed a net outflow of ¥671.40 million, worsening by 111.42% compared to the previous year[14] - Cash flow from operating activities decreased by 111.42% compared to the previous period, mainly due to increased payments for raw materials and processing fees[22] - The cash inflow from operating activities for the first nine months of 2022 was negative at approximately -¥671.40 million, compared to -¥317.57 million in the same period of 2021[92] - Total cash inflow from financing activities reached CNY 6,437,417,045.25 in 2022, compared to CNY 1,379,331,630.15 in 2021, indicating an increase of about 367%[93] - The net cash flow from financing activities was CNY 4,151,350,679.55 in 2022, a substantial rise from CNY 321,759,379.73 in 2021, reflecting an increase of approximately 1,200%[93] Investments and R&D - Research and development expenses increased by 131.31% compared to the previous period, reflecting the company's commitment to enhancing R&D investment[20] - Research and development expenses in Q3 2022 amounted to ¥373,483,114.97, a 163.5% increase compared to ¥141,895,497.52 in Q3 2021[83] - The company plans to jointly invest with Yiwei Lithium Energy to increase capital in Sichuan Bettery, with the company contributing 826 million CNY and Yiwei contributing 884 million CNY[44] - The registered capital of Sichuan Bettery will increase to 2,210 million CNY, with the company maintaining a 60% ownership stake[44] Shareholder Information - Major shareholders include Baoan Holdings with 43.92% and China Baoan with 24.44% of shares[31] - The total shares held by the top ten shareholders amount to 602,581,870, representing 82.76% of the total shares[31] Legal Matters - The chairman of the company, Mr. He Xueqin, received a notice of investigation from the China Securities Regulatory Commission for suspected insider trading, which does not affect the company's daily operations[52] - The company is involved in ongoing litigation against Shenzhen Wotema for unpaid debts totaling ¥22,216.30 million, with a judgment requiring repayment of ¥1,170.71 million plus penalties[54][55] - The company has initiated a lawsuit against Jingzhou Wotema for unpaid debts of ¥2,030.40 million, with a court ruling in favor of the company[57] - The company has filed a lawsuit against Shenzhen Waterma for RMB 10.8 million due to unpaid project funds, with the court ruling in favor of the company[59] Guarantees and Commitments - The company has provided guarantees totaling 70 million, 250 million, and 500 million for various projects, with significant amounts still outstanding[37] - The total amount of guarantees provided by the company is ¥400,000,000, with a remaining balance of ¥277,627,035.39 as of May 25, 2026[46] - The company provided guarantees for its subsidiaries' bank financing, with a total guarantee amount of 5,845,640,000.00 CNY and an actual amount of 3,521,725,394.93 CNY reported[39] - The company is actively fulfilling its commitments related to shareholding and competition avoidance, as stated in its public disclosures[48]

Company Achievements and Projects - BTR New Material Group Co., Ltd. achieved a significant milestone by obtaining CNAS accreditation for its subsidiary, enhancing its research and testing capabilities[5]. - The company commenced construction on a 40,000-ton silicon-based anode material project, which will solidify its leading position in the high-end anode materials market[5]. - A strategic cooperation framework agreement was signed with Zhongwei Co., focusing on precursor product development and overseas mineral resource development[5]. - The company initiated a project in Xiangyun County, Yunnan, to leverage local advantages and enhance its competitive edge in anode materials[5]. - A joint venture was established with Stellar Investment Pte. Ltd. to invest in an 80,000-ton integrated lithium battery anode material project in Indonesia[5]. - The company is expanding its production capacity with a new 200,000-ton lithium battery anode material base project in Dali, Yunnan[5]. - The company has established a robust R&D system and invested significantly in new technologies and products to maintain its competitive advantage in the lithium-ion battery materials industry[11]. - The company is exploring potential mergers and acquisitions to strengthen its supply chain and enhance production capacity[25]. - The company has achieved full product coverage in the anode materials sector, including natural graphite and silicon-carbon, providing significant operational flexibility[81]. Financial Performance - The total revenue for the first half of 2022 reached RMB 728 million, representing a year-on-year increase of 25% compared to the same period in 2021[25]. - The company reported a net profit of RMB 150 million for the first half of 2022, which is an increase of 30% year-on-year[25]. - The gross margin for the first half of 2022 was 35%, up from 32% in the same period last year[25]. - The company achieved a revenue of ¥10.20 billion, representing a year-on-year increase of 142.47%[27]. - The net profit attributable to shareholders was ¥917.91 million, an increase of 25.67% compared to the previous year[27]. - The company reported a net profit growth rate of 21.45%, down from 237.77% in the previous year[29]. - The company has set a revenue target of RMB 1.5 billion for the full year 2022, indicating a growth forecast of 20%[25]. - The company reported a total revenue of approximately CNY 3.69 billion and a net profit of CNY 153.58 million for the period[62]. Research and Development - Research and development expenses increased by 40% in the first half of 2022, reflecting the company's commitment to innovation[25]. - The company is actively engaged in R&D to meet the evolving demands of the lithium-ion battery market, focusing on new technologies and products[78]. - The company has invested significantly in R&D, focusing on advanced technologies such as sodium-ion battery materials and solid-state electrolytes, enhancing its innovation capabilities[79]. - Research and development expenses for the first half of 2022 were ¥514,356,520.99, up from ¥241,935,492.61 in the first half of 2021, indicating a growth of 112.4%[174]. Market Expansion and Customer Base - User data indicates that the company has expanded its customer base by 15%, reaching a total of 1,200 active clients[25]. - Market expansion efforts have led to a 20% increase in sales in the Southeast Asian region[25]. - The company registered a subsidiary in Germany and established an office in Japan to expand its overseas customer service[36]. Risks and Challenges - The company faces risks related to accounts receivable, currency fluctuations, and the need for continuous R&D in a technology-intensive industry[11]. - The rapid expansion of production capacity necessitates improvements in management capabilities to maintain operational efficiency and profitability[12]. - The company is exposed to foreign exchange risks due to international sales primarily settled in USD, which may impact financial performance[78]. - Rising raw material prices, particularly for natural graphite and lithium salts, pose a risk to the company's profitability if costs cannot be fully passed on to customers[82]. Environmental and Social Responsibility - The company is focusing on sustainable practices, with plans to reduce carbon emissions by 25% by 2025[25]. - The company actively engaged in social responsibility initiatives, purchasing over CNY 250,000 in poverty alleviation products and donating CNY 80,000 to local charities[65]. - The company emphasizes environmental protection, contributing over CNY 1 million to local greening projects[68]. - Bettery's wastewater and exhaust gas treatment facilities are operating normally with no exceedances reported[70]. Financial Structure and Shareholder Information - The total amount of external guarantees provided by the company and its subsidiaries is CNY 5,047,640,000, with a remaining balance of CNY 2,736,465,917.91[90]. - The company has provided guarantees for loans from various banks, with amounts including CNY 188,590,340 and CNY 400,000,000[95]. - The total share capital increased from 485,386,150 shares to 728,079,225 shares after the implementation of the 2021 annual equity distribution plan on May 5, 2022, representing a growth of approximately 50%[128]. - The company raised a total of 1,672,000,000 yuan through public offerings, with 196,618,286.74 yuan utilized during the reporting period[137]. Legal Matters - Bettery Nano has filed lawsuits against Shenzhen Watma and its affiliates for unpaid debts totaling RMB 222.16 million, with claims for interest and penalties[109]. - The Shenzhen Intermediate People's Court accepted the bankruptcy liquidation of Shenzhen Watma in December 2019, and as of the report date, no distribution of bankruptcy assets has occurred[109]. - Bettery Nano has been awarded a judgment for RMB 11.71 million against Shenzhen Watma and Shaanxi Watma, with a joint liability from guarantor Li Jinlin[110].

Financial Performance - Revenue for the first quarter reached CNY 4,078,760,337.43, a 120.08% increase year-on-year [18]. - Net profit attributable to shareholders rose by 72.22% to CNY 451,297,424.24 compared to the same period last year [18]. - The net profit after deducting non-recurring gains and losses increased by 78.02% to CNY 430,218,766.40 [18]. - Basic earnings per share increased by 75.47% to CNY 0.93 [18]. - The company reported a significant increase in the number of shareholders, reaching 12,998 [24]. - The company’s net profit for Q1 2022 was approximately ¥448.66 million, a significant increase from ¥262.05 million in Q1 2021, representing a growth of 71.3% [79]. - Total operating revenue for Q1 2022 reached ¥4,078,760,337.43, a significant increase from ¥1,853,334,464.79 in Q1 2021, representing a growth of approximately 120.0% [78]. - Total operating costs for Q1 2022 were ¥3,595,704,168.70, compared to ¥1,550,959,877.39 in Q1 2021, indicating an increase of about 131.5% [78]. Assets and Liabilities - Total assets increased by 21.84% to CNY 20,043,919,994.42 compared to the end of the previous year [17]. - The company's total liabilities to assets ratio (consolidated) was 57.71%, up from 51.86% at the end of the previous year [17]. - Total liabilities increased to approximately 9.12 billion RMB from 6.56 billion RMB, reflecting a growth of about 39% [70]. - The company's long-term borrowings rose to approximately 1.63 billion RMB from 1.15 billion RMB, an increase of about 41.3% [70]. - The total current assets increased to approximately 11.59 billion RMB as of March 31, 2022, compared to 8.80 billion RMB at the end of 2021, reflecting a growth of about 31.5% [69]. Cash Flow - The cash flow from operating activities decreased by 233.44% to -CNY 287,242,829.01, primarily due to increased payments for raw materials and outsourcing [18]. - The company reported a net cash outflow from operating activities of approximately ¥287.24 million in Q1 2022, compared to a net inflow of ¥215.26 million in Q1 2021 [85]. - Cash inflow from financing activities in Q1 2022 was CNY 1,294,577,663.99, compared to CNY 260,000,000.00 in Q1 2021, marking a growth of about 397.5% [88]. - Total cash inflow from operating activities was CNY 1,728,823,714.30, while total cash outflow was CNY 1,917,102,391.45, resulting in a net cash flow of negative CNY 188,278,677.15 [88]. Shareholder Information - Major shareholders include China Baoan Group Holding Co., Ltd. with a 43.92% stake and China Baoan Group Co., Ltd. with a 24.44% stake [27]. - The total number of ordinary shares increased from 485,386,150 to 485,386,150, with the proportion of unrestricted shares rising to 98.37% [24]. - The company has no outstanding preferred shares as of the reporting period [28]. Legal and Compliance - There were no significant legal disputes or external guarantees reported during the period [30]. - The company has fulfilled all disclosure obligations regarding major transactions and commitments [30]. - The company is actively working to fulfill its commitments regarding competitive business practices and share management [39]. - The company has ongoing guarantees and commitments related to its financial obligations and corporate governance [38][39]. Inventory and Operating Costs - Operating costs decreased to CNY 1,306,978,069.31 from CNY 1,345,558,589.82 year-over-year, reflecting a reduction of approximately 2.5% [22]. - The company reported a significant increase in inventory, which rose to ¥1,369,215,516.84 from ¥950,772,327.25, reflecting an increase of about 43.9% [74]. Debt Recovery and Litigation - The company is pursuing legal actions to recover debts totaling ¥220.16 million from Shenzhen and Shaanxi Watma due to unpaid obligations [44]. - The company has engaged in a tripartite agreement to offset debts with Tenyi Maozhu, but has only received partial fulfillment of the agreement [43]. - Bettery Nano has a claim against Henan Guoneng for 198.352 million RMB in unpaid goods, with a court ruling confirming the debt [52].

Business Development and Expansion - The company successfully launched the SAP ERP project in January, promoting standardized and refined development[3]. - In June, a joint venture was established to invest in a project with an annual production capacity of 50,000 tons of high-nickel ternary cathode materials for lithium batteries[4]. - The company established joint ventures in multiple locations for the integrated production line of anode materials from September to November[5]. - The company became one of the first listed companies on the Beijing Stock Exchange on November 15, marking a new chapter in its development[7]. - The company is expanding rapidly, necessitating improvements in resource integration, talent development, and operational management[16]. - The company plans to expand its market presence and invest in new product development to enhance competitiveness[24]. - The company is focused on the production and operation of lithium-ion battery anode and cathode materials, indicating a strategic emphasis on the energy sector[28]. - The company is actively monitoring the impact of government policies on the electric vehicle industry, which could influence market dynamics[18]. - The company aims to establish overseas production bases to achieve global operations and strengthen its position in the lithium battery materials market[154]. Financial Performance - The company's operating revenue for 2021 reached ¥10,491,350,091.12, representing a 135.67% increase compared to ¥4,451,752,877.06 in 2020[35]. - The net profit attributable to shareholders for 2021 was ¥1,440,985,383.11, a significant increase of 191.39% from ¥494,513,815.31 in the previous year[35]. - The net profit after deducting non-recurring gains and losses was ¥1,119,873,557.94, up 238.17% from ¥331,160,491.14 in 2020[35]. - The gross profit margin for 2021 was 25.02%, down from 26.91% in 2020[35]. - The basic earnings per share increased to 2.97, reflecting a 175.00% rise from 1.08 in 2020[35]. - The weighted average return on equity based on net profit attributable to shareholders was 20.98%, compared to 9.82% in 2020[35]. - Total assets increased by 54.39% from CNY 10,655,831,580.50 at the end of 2020 to CNY 16,451,507,336.30 at the end of 2021[37]. - Total liabilities rose by 100.51% from CNY 4,255,092,715.60 at the end of 2020 to CNY 8,531,892,929.61 at the end of 2021[37]. - Operating cash flow turned negative at CNY -881,465,375.38, a decrease of 230.23% from CNY 676,846,030.64 in 2020[40]. - Revenue growth rate was 135.67%, indicating a substantial increase in sales compared to the previous year[41]. Research and Development - The company has invested significantly in R&D, establishing multiple research centers and leading in independent innovation capabilities[16]. - Research and development expenses grew by 136.66% to ¥591,447,874.24, reflecting increased investment in innovation[71]. - The total number of R&D personnel increased from 489 to 619, with the proportion of R&D staff in total employees rising from 12.33% to 13.34%[101]. - Key R&D projects include the development of new battery material recycling technology and ultra-high nickel cathode materials, aimed at reducing production costs and enhancing product performance[105][104]. - The company is actively expanding into advanced technologies such as all-solid-state electrolytes and battery recycling technologies to maintain its competitive edge in the materials sector[104]. Market and Industry Challenges - The lithium-ion battery industry is experiencing intensified competition, leading to potential price declines and limited profitability due to increased market participants and capacity expansion[17]. - Raw material costs significantly impact the company's operating costs, with price fluctuations expected to continue due to tight supply and high demand in 2022[17]. - The company faces risks related to accounts receivable, currency fluctuations, and R&D uncertainties, which could impact its operational performance[15]. - International trade disputes, particularly between the US and China, may create barriers that negatively affect the company's operations in the global market[19]. - The rapid expansion of the lithium-ion battery market could lead to overcapacity and increased pressure on pricing if demand does not meet expectations[17]. - The company faces risks from potential technological shifts, as advancements in alternative battery technologies could threaten the market share of lithium-ion batteries[18]. - The concentration of new production capacity in specific regions may lead to energy bottlenecks and increased operational costs[17]. Environmental and Social Responsibility - The company has achieved compliance with environmental standards, with no exceedances reported in wastewater and waste gas treatment facilities[134]. - The company is committed to sustainable practices and has implemented monitoring systems to track emissions and discharges effectively[137]. - The company conducted quarterly third-party monitoring of wastewater and annual monitoring of waste gas to ensure compliance with environmental regulations[137]. - The company actively engaged in social responsibility initiatives, including donations to local charities and support for rural revitalization projects[128]. Risk Management - The company is focused on risk control, particularly regarding funding, project quality, and compliance, to mitigate potential impacts on operations[157]. - The company acknowledges the risk of intensified market competition in the lithium battery sector, with a strategy to enhance product value and reduce production costs[159]. - Fluctuations in raw material prices, including natural graphite and lithium salts, pose a significant risk to the company's operating costs and profitability[159]. - The company has established a credit management system to mitigate accounts receivable risks, focusing on maintaining relationships with reputable clients[161]. Stock Options and Incentives - The company implemented the second phase of the stock option incentive plan, granting a total of 24.83 million stock options, with 440,000 options becoming invalid during the reporting period[194]. - The fair value of the granted stock options is estimated at CNY 363.90 million, based on the Black-Scholes model[196]. - The incentive plan is expected to have a minor negative impact on net profit growth rate due to expense amortization, but the overall performance improvement is anticipated to outweigh these costs[198]. - The company is committed to attracting and retaining talent through its long-term incentive mechanisms[194].