Financial Performance - For the year ended December 31, 2024, the Group's revenue amounted to approximately RMB2,157.0 million, representing an increase of approximately RMB91.5 million or approximately 4.4% compared to 2023[15]. - The gross profit for the year ended December 31, 2024, was approximately RMB215.2 million, a decrease of approximately RMB103.4 million or approximately 32.5% compared to the same period in 2023[16]. - The net loss for the year ended December 31, 2024, was approximately RMB1.5 million, a decrease of approximately RMB46.7 million or approximately 103.3% compared to the net profit of approximately RMB45.2 million for the same period in 2023[17]. - Basic and diluted loss per share attributable to ordinary equity owners of the parent for the year ended December 31, 2024, was approximately RMB0.02, a decrease of approximately RMB0.05 or approximately 166.7% compared to the earnings per share of approximately RMB0.03 for the same period in 2023[18]. - The Group's gross profit margin decreased to 10.0% in 2024 from 15.4% in 2023[23]. - The net profit margin for the year was -0.1%, down from 2.2% in the previous year[23]. - Total revenue for 2024 increased by approximately 4.4% to approximately RMB2,157.0 million, compared to approximately RMB2,065.5 million in 2023[52]. - The overall gross profit of the segment decreased by approximately 53.8% to approximately RMB114.8 million, with a gross profit margin decrease of approximately 8.8 percentage points to approximately 12.1%[69]. Dividend and Shareholder Information - The Board recommended a final dividend of RMB0.025 per ordinary share for the year ended December 31, 2024, subject to shareholders' approval at the AGM[19]. - The Board proposed a final dividend of RMB0.025 per ordinary share, subject to shareholder approval, bringing the total dividend for the year to RMB0.055 per ordinary share if approved[21]. Revenue Breakdown - Revenue from the top five largest customers accounted for approximately 43.7% of the Group's total revenue in 2024, up from approximately 37.0% in 2023[50]. - Revenue derived from the Chinese Mainland accounted for approximately 84.7% of the Group's total revenue in 2024, compared to approximately 82.2% in 2023[51]. - Revenue from the battery materials segment increased by approximately 51.2% to approximately RMB754.0 million, accounting for approximately 35.0% of the Group's total revenue[58]. - The revenue from dye intermediate products decreased by approximately 19.7% to approximately RMB424.8 million, accounting for approximately 19.7% of the Group's total revenue[64]. - Revenue from agricultural chemical intermediate products decreased by approximately 20.7% to approximately RMB523.8 million, accounting for approximately 24.3% of the Group's total revenue[65]. - Revenue from mainland China accounted for approximately 84.7% of total revenue, while export revenue accounted for approximately 15.3%[54]. Expenses and Cost Management - Selling and distribution expenses in 2024 were approximately RMB25.8 million, a decrease of approximately RMB18.4 million compared to RMB44.2 million in 2023, accounting for approximately 1.2% of total revenue[103][104]. - Administrative expenses for 2024 were approximately RMB158.2 million, a decrease of approximately RMB20.1 million from RMB178.3 million in 2023, representing approximately 7.3% of total revenue[105][106]. - Finance costs increased to approximately RMB38.3 million in 2024, up by approximately RMB5.3 million from RMB33.0 million in 2023, due to the recognition of repurchase obligations as financial liabilities[114]. - The income tax expense for the Group in 2024 was approximately RMB1.9 million, a decrease of approximately RMB12.5 million from RMB14.4 million in 2023, mainly due to a decrease in profit before tax[116]. Assets and Liabilities - The Group's total assets increased to RMB3,507.4 million in 2024 from RMB3,453.7 million in 2023[23]. - Current liabilities rose to RMB1,200.0 million in 2024 from RMB1,140.2 million in 2023[23]. - The Group's interest-bearing bank and other borrowings were approximately RMB208.4 million as of December 31, 2024, down from RMB317.1 million in 2023, with a fixed interest rate range of 2.95%-8.32%[130]. - The gearing ratio decreased to approximately 10.7% as of December 31, 2024, compared to 15.4% in 2023[133]. - Total current assets increased to approximately RMB1,562.3 million in 2024 from RMB1,467.5 million in 2023, primarily driven by an increase in trade receivables and notes receivable[134]. - Trade receivables and notes receivable rose by approximately RMB232.2 million, with turnover days increasing from 122 days in 2023 to 143 days in 2024[143][144]. - Other payables and accruals increased by approximately RMB307.0 million, reaching approximately RMB584.6 million in 2024, primarily due to endorsed notes receivable[151]. Research and Development - The Group continued to invest in research and development to enhance technological innovation capabilities and expand into new product areas[35]. - The Group completed the research project of continuous tandem esterification of DMSS products, enhancing energy saving and efficiency[85]. - The Group's research and development efforts focus on maintaining competitive advantages and exploring new business growth opportunities[88]. - The Group plans to increase investment in technology research and development to enhance core competitiveness in the new energy sector[97][100]. ESG and Sustainability - The Company is committed to promoting sustainable development and has integrated ESG governance into its strategic decision-making[179]. - The Company aims to accelerate the commercialization of green technology to drive high-quality corporate growth amidst global energy transitions[180]. - The Company established the ESG Committee before the start of the 2020 reporting period and formed a sustainable development team in 2023 to manage ESG-related issues[186]. - The Board is responsible for assessing the impact of ESG risks on the Company's operations and formulating corresponding ESG policies[190]. - The Company conducts annual materiality assessments to understand stakeholder opinions and expectations regarding ESG matters[191]. - The ESG Committee monitors and reviews emerging ESG trends and issues, providing guidance for the development of the Company's ESG vision[196]. - The Company aims to improve its performance in ESG areas to boost core competitiveness and sustainable development capabilities[197].

Financial Performance - For the year ending December 31, 2024, the group's revenue was approximately RMB 2,157.0 million, an increase of about RMB 91.5 million or approximately 4.4% compared to the same period in 2023[3]. - The group's gross profit for the year was approximately RMB 215.2 million, a decrease of about RMB 103.4 million or approximately 32.5% compared to the previous year[3]. - The net loss for the year was approximately RMB 1.5 million, a decrease of about RMB 46.7 million or approximately 103.3% compared to a net profit of RMB 45.2 million in 2023[3]. - Basic and diluted loss per share attributable to ordinary equity holders of the parent was approximately RMB 0.02, a decrease of about RMB 0.05 or approximately 166.7% compared to earnings of RMB 0.03 per share in 2023[3]. - The company reported a total comprehensive loss of approximately RMB 6.996 million for the year, compared to a total comprehensive income of RMB 51.1 million in 2023[4]. - The company reported a net loss of RMB 21,098,000 for the year, compared to a profit of RMB 29,061,000 in the previous year[12]. - The pre-tax profit for 2024 is RMB 376,000, a significant decrease from RMB 59,600,000 in 2023, reflecting a decline of approximately 99.37%[56]. - The total income tax expense for 2024 is RMB 1,862,000, down from RMB 14,407,000 in 2023, indicating a reduction of about 87.06%[56]. Dividends - The board proposed a final dividend of RMB 0.025 per ordinary share, subject to shareholder approval, bringing the total dividend for the year to RMB 0.055 per ordinary share if approved[3]. - The company declared an interim dividend of RMB 0.005 per share for 2024, compared to RMB 0.029 per share in 2023, representing a decrease of approximately 82.76%[57]. - The proposed final dividend for 2024 is RMB 0.025 per share, down from RMB 0.038 per share in 2023, which is a reduction of about 34.21%[57]. - The total amount of the proposed final dividend is approximately RMB 24.273 million, assuming approval at the upcoming annual general meeting[144]. Assets and Liabilities - Non-current assets totaled approximately RMB 1,945.1 million, a decrease from RMB 1,986.2 million in 2023[7]. - Current assets amounted to approximately RMB 1,562.3 million, an increase from RMB 1,467.5 million in 2023[7]. - Total liabilities were approximately RMB 1,554.4 million, with current liabilities at RMB 1,200.0 million, an increase from RMB 1,140.2 million in 2023[8]. - The company's total equity was approximately RMB 1,953.1 million, a decrease from RMB 2,054.8 million in 2023[8]. - The total liabilities as of December 31, 2024, were RMB 1,554,394,000, an increase from RMB 1,398,865,000 in 2023, representing a growth of approximately 11.1%[36]. - The asset-liability ratio as of December 31, 2024, is approximately 10.7%, down from 15.4% in 2023[126]. Cash Flow - The net cash flow from operating activities for the year ending December 31, 2024, was RMB 173,915,000, compared to RMB 46,179,000 in 2023[15]. - Cash and cash equivalents decreased by RMB 20,215,000 for the year ending December 31, 2024, with year-end cash and cash equivalents totaling RMB 266,789,000[16]. - The net cash inflow from operating activities for 2024 is approximately RMB 173.9 million, an increase of about RMB 127.7 million from RMB 46.2 million in 2023, driven by higher overall sales revenue and improved collection[120]. - The net cash outflow from investing activities for 2024 is approximately RMB 31.6 million, a decrease of about RMB 102.4 million compared to RMB 134 million in 2023, mainly due to the release of bank deposit guarantees[121]. Segment Performance - The company operates three reportable segments: Battery Materials, Dye and Agricultural Chemicals Intermediates, and Pigment Intermediates and New Materials[33]. - The battery materials segment generated revenue of RMB 753,960,000 in 2024, compared to RMB 498,646,000 in 2023, reflecting a significant increase of approximately 51.2%[36]. - The agricultural chemicals segment reported a profit of RMB 91,003,000 in 2024, a recovery from a loss of RMB 180,149,000 in 2023[36]. - The dye and agricultural chemical intermediates segment contributed approximately 44.0% to total revenue, with revenue decreasing by about 20.3% to approximately RMB 948.6 million from RMB 1,189.9 million in the same period of 2023[98]. - The pigment intermediates and new materials segment's revenue increased by approximately 20.5% to about RMB 454.4 million, accounting for approximately 21.0% of total revenue[100]. Research and Development - The company maintains a commitment to R&D and technological innovation as a core competitive advantage, focusing on improving existing products and exploring new business growth opportunities[104]. - The company is actively developing new materials such as manganese iron phosphate and sodium-ion battery materials to seize market opportunities[102]. - Research and development expenses decreased significantly to RMB 22,650,000 in 2024 from RMB 39,460,000 in 2023, indicating a potential shift in investment strategy[49]. Shareholder Actions - The company repurchased shares worth RMB 20,019,000 during the year[10]. - The company repurchased 24,711,500 shares during the fiscal year, with a total cost of HKD 21,958,685, reflecting confidence in its future prospects[151]. - The company successfully sold approximately 3.76% of its stake in Caike Technology for a total consideration of RMB 39,975,197.36, completing the transaction by the end of the review year[108]. Governance and Compliance - The company has adopted the Corporate Governance Code and is committed to maintaining high standards of corporate governance[147]. - The audit committee reviewed the accounting principles and practices adopted by the group, confirming consistency with the draft financial statements[155]. - The company plans to replace its auditor, Ernst & Young, with Tianjian International Certified Public Accountants, effective after the annual general meeting[156].

Financial Performance - Revenue for the six months ended June 30, 2024, amounted to approximately RMB 1,005.0 million, representing an increase of approximately RMB 8.6 million or approximately 0.9% compared to the same period in 2023[6]. - Gross profit for the same period was approximately RMB 145.4 million, a decrease of approximately RMB 30.8 million or approximately 17.5% compared to the prior year[7]. - Net profit for the six months ended June 30, 2024, was approximately RMB 23.5 million, reflecting a decrease of approximately RMB 19.5 million or approximately 45.3% compared to the same period in 2023[8]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent for the six months ended June 30, 2024, was approximately RMB 0.02, a decrease of approximately RMB 0.01 or approximately 33.3% compared to the same period in 2023[9]. - The profit attributable to equity holders of the parent decreased by approximately 52.6% to approximately RMB 15.6 million, compared to RMB 32.9 million in the same period of 2023[16]. - The total comprehensive income for the period decreased to RMB 24,718,000 in 2024 from RMB 45,887,000 in 2023, representing a decline of 46%[151]. - Profit for the period was RMB 23,498, compared to RMB 42,970 in 2023, showing a decrease of around 45.4%[150]. Dividends - The Board declared an interim dividend of RMB 0.005 per ordinary share for the six months ended June 30, 2024, compared to RMB 0.029 per ordinary share for the same period in 2023[10]. - A special dividend of RMB 0.025 per ordinary share was declared for the six months ended June 30, 2024, while there was no special dividend in the same period of 2023[11]. - The total amount of the interim dividend is approximately RMB 4,927,000, while the special dividend amounts to approximately RMB 24,635,000 based on 985,401,000 issued shares[95]. - The dividends will be paid in Hong Kong dollars at HK$0.006 per share for the interim dividend and HK$0.027 per share for the special dividend, using an exchange rate of HK$1:RMB0.916[96]. Segment Performance - The battery materials segment revenue increased by approximately 29.3% to approximately RMB 281.9 million, accounting for approximately 28.1% of total revenue[17]. - The total revenue of the dye and agricultural chemical intermediates segment decreased by approximately 14.2% to approximately RMB 502.5 million, accounting for approximately 50.0% of the Group's overall revenue[25][26]. - Revenue from dye intermediate products decreased by approximately 20.7% to approximately RMB 228.1 million compared to the same period in 2023[22][23]. - Revenue from agricultural chemical intermediate products decreased by approximately 7.9% to approximately RMB 274.4 million compared to the same period in 2023[24][30]. - Revenue from the pigment intermediates and new materials segment increased by approximately 14.3% to approximately RMB 220.6 million, accounting for approximately 21.9% of the Group's total revenue[30][31]. Cost and Expenses - Selling and distribution expenses amounted to approximately RMB 18.9 million, representing a decrease of approximately RMB 5.0 million from approximately RMB 23.9 million in the same period of 2023[50]. - Administrative expenses decreased to approximately RMB 74.7 million, down approximately RMB 14.3 million from approximately RMB 89.0 million in the same period of 2023[51]. - Finance costs increased to approximately RMB 22.1 million, an increase of approximately RMB 12.0 million compared to approximately RMB 10.1 million in the same period of 2023[53]. - The overall gross profit margin for the Group decreased by approximately 3.2 percentage points to approximately 14.5% from 17.7% in the same period of 2023[14]. Cash Flow and Liquidity - The Group's net cash inflows from operating activities were approximately RMB 35.2 million, remaining stable compared to approximately RMB 34.7 million in the same period of 2023[60]. - Net cash outflows from investing activities were approximately RMB 10.8 million, a decrease of approximately RMB 70.0 million from approximately RMB 80.8 million in the same period of 2023[60]. - Net cash outflows from financing activities were approximately RMB 134.3 million, a decrease of approximately RMB 405.7 million compared to net cash inflows of approximately RMB 271.4 million in the same period of 2023[62]. - As of June 30, 2024, the Group had cash and cash equivalents of approximately RMB 177.4 million, down from approximately RMB 287.4 million as of December 31, 2023[65]. Assets and Liabilities - The Group's total current assets were approximately RMB 1,453.5 million as of June 30, 2024, compared to RMB 1,467.5 million as of December 31, 2023[73]. - Trade and notes receivable increased to approximately RMB 807.3 million as of June 30, 2024, up by approximately RMB 65.3 million from RMB 742.0 million as of December 31, 2023[74]. - The Group's gearing ratio improved to approximately 11.5% as of June 30, 2024, down from 15.4% as of December 31, 2023[70]. - As of June 30, 2024, total current liabilities amounted to approximately RMB 1,139.1 million, a slight decrease from RMB 1,140.2 million as of December 31, 2023[76]. Employee and Operational Metrics - For the six months ended June 30, 2024, total staff costs amounted to approximately RMB 111.6 million, an increase from approximately RMB 98.7 million for the same period in 2023, primarily due to an increase in the number of employees[89]. - As of June 30, 2024, the Group had 2,117 employees, up from 2,031 as of June 30, 2023[88]. Corporate Governance - The Company has complied with all provisions of the Corporate Governance Code except for code provision C.2.1, which requires separation of the roles of chairman and CEO[108]. - Mr. GE Yi serves as both chairman and CEO, which the Board believes provides strong and consistent leadership[109]. - The Audit Committee, comprising three independent non-executive Directors, reviewed the unaudited interim financial statements for the six months ended June 30, 2024[115]. Shareholder Information - As of June 30, 2024, the total number of issued shares was 995,676,000[125]. - Director GE Yi holds 133,337,750 shares, representing approximately 13.39% of the total shareholding[125]. - Major shareholder Cavalli holds 133,337,750 shares, representing approximately 13.39% of the total shareholding[131]. Market and Strategic Outlook - The domestic new energy vehicle industry continues to grow rapidly, becoming a significant driver for global development, despite facing challenges such as supply-demand imbalances and intensified competition[36]. - The Group plans to expand the iron phosphate production line in Dongying Factory from 50,000 tonnes/year to 70,000 tonnes/year by the end of 2024, aiming for a total production capacity of 100,000 tonnes/year[38]. - The Group's strategy includes focusing on technology innovation to drive the healthy development of the battery material segment, which is a key strategic direction for long-term growth[39].

Financial Performance - For the six months ended June 30, 2024, the company's revenue was approximately RMB 1,005.0 million, an increase of about RMB 8.6 million or approximately 0.9% compared to the same period in 2023[1]. - The gross profit for the same period decreased to approximately RMB 145.4 million, a decline of about RMB 30.8 million or approximately 17.5% year-on-year[1]. - The net profit for the six months ended June 30, 2024, was approximately RMB 23.5 million, a decrease of about RMB 19.5 million or approximately 45.3% compared to the previous year[1]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent were RMB 0.02, a decrease of about RMB 0.01 or approximately 33.3% from the same period in 2023[1]. - The total comprehensive income for the period was RMB 24.7 million, down from RMB 45.9 million in the previous year[2]. - The overall gross margin declined by approximately 3.2 percentage points to about 14.5%, compared to 17.7% for the six months ended June 30, 2023[48]. - The profit attributable to equity holders of the parent company decreased by approximately 52.6% to about RMB 15.6 million, compared to RMB 32.9 million for the six months ended June 30, 2023[49]. Revenue Breakdown - The battery materials segment reported external customer revenue of RMB 281,949,000, up from RMB 217,966,000 in the previous year, reflecting a significant increase of 29.3%[13]. - Revenue from the dye and agricultural chemical intermediates segment decreased by approximately 14.2% to about RMB 502.5 million, compared to RMB 585.4 million for the same period in 2023[51]. - Revenue from the pigment intermediates and new materials segment increased by approximately 14.3% to about RMB 220.6 million, compared to RMB 193.0 million for the same period in 2023[53]. - Revenue from battery materials was RMB 281.9 million, while revenue from agricultural chemical intermediates was RMB 502.5 million, and revenue from pigment intermediates and new materials was RMB 220.6 million[48]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was RMB 35,167,000, slightly up from RMB 34,680,000 in the same period last year, representing a 1.4% increase[5]. - The net cash used in investing activities for the first half of 2024 was RMB 10,758,000, a substantial improvement from RMB 80,800,000 in the same period of 2023[5]. - Financing activities resulted in a net cash outflow of RMB 134,311,000 for the first half of 2024, compared to a net inflow of RMB 271,411,000 in the same period last year[5]. - The net cash outflow from investing activities was approximately RMB 10.8 million, a decrease of about RMB 70.0 million from RMB 80.8 million in the same period of 2023[65]. Assets and Liabilities - Non-current assets totaled RMB 1,973.3 million as of June 30, 2024, compared to RMB 1,986.2 million as of December 31, 2023[3]. - Current assets amounted to RMB 1,453.5 million, slightly down from RMB 1,467.5 million at the end of 2023[4]. - Current liabilities totaled RMB 1,139.1 million, showing a slight decrease from RMB 1,140.2 million at the end of the previous year[4]. - The company's total equity was RMB 2,026.8 million, down from RMB 2,054.8 million as of December 31, 2023[4]. - The total assets of the group as of June 30, 2024, were RMB 3,426,755 thousand, an increase from RMB 3,453,696 thousand as of December 31, 2023, reflecting a decrease of approximately 0.8%[14]. - The total liabilities of the group as of June 30, 2024, were RMB 1,399,996 thousand, which is relatively stable compared to RMB 1,398,865 thousand as of December 31, 2023[14]. Dividends and Shareholder Returns - The company declared an interim dividend of RMB 0.005 per share and a special dividend of RMB 0.025 per share for the six months ended June 30, 2024[1]. - The total amount for the interim and special dividends is approximately RMB 4.93 million and RMB 24.64 million, respectively, based on 985,401,000 shares issued[86]. Operational Efficiency - Sales and distribution expenses decreased to approximately RMB 18.9 million, accounting for 1.9% of total revenue, down from 2.4% in the same period last year[60]. - Administrative expenses were approximately RMB 74.7 million, a decrease of about RMB 14.3 million, representing 7.4% of total revenue, down from 8.9% year-on-year[61]. - The company plans to enhance R&D investment and improve safety production management to maintain competitive advantages across its product segments[57]. Employee and Management - The total employee cost was approximately RMB 111.6 million, an increase from RMB 98.7 million for the same period in 2023, primarily due to an increase in employee numbers to enhance production capacity[84]. - The total number of employees increased to 2,117 as of June 30, 2024, compared to 2,031 a year earlier[84]. Compliance and Governance - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial statements for the six months ending June 30, 2024[92]. - The independent auditor, Ernst & Young, conducted a review of the interim financial information in accordance with Hong Kong Review Standards[92]. - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website, containing all required information as per listing rules[93].

通过这个市场调研还有结合我们自身的状况就选择了锂电池正极材料的前驱体那它呢本质上也是属于这个中间体的一个分类那当时有两个可以去这个选择参与的赛道一个是磷酸铁里的前驱体磷酸铁一个就是镍铬锰里的前驱体 考虑到镍骨猛酸里当中会有比较高价值的金属元素,那并不是我们所擅长的,所以我们就选择了在磷酸铁这个产品上来进行发力。从2017年开始工业化建设磷酸铁的生产线,在国内也是最早一批开始工业化去参与磷酸铁生产的企业之一。 经历了这个产线这个建设的周期之后呢当它迎来投产的这个时间点但在那个时候呢二元的发展整体是被这个三元是处在一个压制的状况因为当时的续航里程包括国家补贴政策的一个扶持真的直到这个2020年比尔迪推出了高变电池之后那随着这个续航里程的增加成本以及安全性的一个竞争优势 那零三协理又逐渐的回到了这个市场的主流地位那也是一直到今天也算是在整个的这个市场范围当中也是占据了这个超过50%超过一半的一个比例那我们在这个过程中也逐渐的去发展我们的规模提高我们的技术特别是在这个市场比较累落的时候 因为最开始磷酸铁整个中国的供应商当时大家都会选择两步法的生产工艺包括我们在内也不例外我们最早的一条磷酸铁产能是一万五千吨每年那后面随 ...

Financial Performance - For the year ended December 31, 2023, the Group's revenue amounted to approximately RMB2,065.5 million, representing a decrease of approximately RMB56.8 million or approximately 2.7% compared to the same period in 2022[8]. - The Group's gross profit for the year was approximately RMB318.6 million, a decrease of approximately RMB249.9 million or approximately 44.0% compared to the same period in 2022[15]. - The profit attributable to owners of the parent for the year was approximately RMB29.1 million, a decrease of approximately RMB212.9 million or approximately 87.5% compared to the same period in 2022[9]. - The basic and diluted earnings per share attributable to ordinary equity holders of the parent was RMB0.03, a decrease of RMB0.21 or approximately 87.5% compared to the same period in 2022[9]. - The Group's net profit for the year was approximately RMB45.2 million, a decrease of approximately RMB209.0 million or approximately 82.2% compared to the same period in 2022[16]. - The total dividends for the year, assuming the final dividend is approved, will amount to RMB0.067 per ordinary share[17]. - The Group's performance reflects challenges in the market, impacting both revenue and profit margins significantly[8][15]. - The decline in gross profit and net profit indicates a need for operational adjustments and potential cost management strategies moving forward[15][16]. Segment Performance - The battery materials segment reported a sales volume of 44,700 tonnes, with a gross profit margin of -14.6%[36]. - The dye and agricultural chemical intermediates segment generated revenue of RMB 1,189.9 million, with a gross profit margin of 20.9%[36]. - The pigment intermediates and new materials segment achieved revenue of RMB 376.0 million, with a gross profit margin of 37.9%[36]. - In 2023, the revenue from the battery materials segment decreased by approximately 27.7% to approximately RMB498.6 million, accounting for approximately 24.1% of the Group's total revenue[93]. - Revenue from dye and agricultural chemical intermediates increased by approximately 11.0% to approximately RMB1,290.4 million, accounting for approximately 57.6% of the Group's total revenue[78]. - The revenue from dye intermediate products increased by approximately 38.0% to approximately RMB529.1 million, accounting for approximately 25.6% of the Group's total revenue[75]. - The revenue from pigment intermediates and new materials increased by approximately 4.5% to approximately RMB377.0 million, accounting for approximately 18.3% of the Group's total revenue[80]. Strategic Initiatives - The company is focusing on strategic initiatives to enhance market presence and product offerings in the upcoming fiscal year[8]. - The Group continues to optimize production processes for iron phosphate battery materials and new material polymerized monomer BPDA to improve quality and reduce costs[27]. - The Group's diversified development strategies aim to safeguard sustainable growth amidst market changes and competition[21]. - The Group is focusing on investment in research and development of new processes and products, successfully developing recycling technology for lithium iron phosphate in 2023[55]. - The company plans to maintain a steady financial strategy and continue focusing on research and development to enhance overall competitiveness[84]. Capital and Investment - The Group successfully introduced ten independent investors, raising a total of RMB 229 million for Shandong Caike New Materials Group[33]. - The Group is preparing for the independent listing of Shandong Caike New Materials Group on a recognized stock exchange in China to enhance capital market visibility[33]. - In 2023, net cash outflows used in investing activities amounted to approximately RMB134.0 million, a decrease of approximately RMB151.2 million compared to RMB285.2 million in 2022[163]. - Net cash inflows from operating activities in 2023 were approximately RMB46.2 million, representing a decrease of approximately RMB325.3 million from RMB371.5 million in 2022, mainly due to a decrease in operating profit[178]. Employee and Workplace Practices - The total number of employees in 2023 is 1,999, with a gender distribution of 71% male (1,415) and 29% female (584)[144]. - The average training time for male employees increased to 25 hours in 2023, while female employees received an average of 21 hours of training[150]. - The proportion of employees trained in 2023 was 76% for males and 24% for females[150]. - The group has implemented a competitive and fair compensation and welfare system, regularly conducting salary surveys to adjust pay scales accordingly[155]. - The group emphasizes the use of environmentally friendly packaging materials to reduce the impact on health and the environment[139]. - The group has established clear dismissal standards and processes to protect employee rights and prevent arbitrary dismissals[141]. - The group has a performance bonus and reward plan to recognize employees who make outstanding contributions to the business[159]. - The group has a training needs assessment process to formulate annual, quarterly, and monthly training plans based on departmental requirements[160]. - The group has a strict prohibition against child and forced labor, promoting equality and anti-discrimination in the workplace[156]. Environmental and Social Responsibility - The Environment, Social, and Governance (ESG) report was presented, showcasing the company's commitment to sustainable practices[197]. - The total water consumption increased to 1,415,417 cubic meters in 2023, compared to 868,929 cubic meters in 2022[128]. - The wastewater quantity increased to 660,772 cubic meters in 2023, up from 355,896 cubic meters in 2022[131]. - The average selling price of the group's products decreased in 2023, leading to an increase in the density of hazardous waste disposal[138]. - The company donated a total of RMB50,000 to the Charity Federation of Hekou District to support rural revitalization and charitable education projects[186]. Compliance and Safety - The company reported a total workforce with no significant non-compliance issues during the reporting period[1]. - There were no work-related fatalities reported in the past three years, reflecting strong safety management practices[1]. - The company adhered to relevant laws and regulations, ensuring compliance in health and safety matters[1]. - Occupational health and safety measures were described, highlighting their implementation and monitoring[1]. - Safety knowledge contests were organized to promote awareness and engagement in workplace safety[196].

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 254,232 million, representing a 5.5% increase from RMB 242,035 million in the previous year[18] - The company's net profit attributable to equity holders for the year was RMB 51,113 million, up from RMB 45,193 million, reflecting a growth of 13.5%[18] - The company reported a total comprehensive income of RMB 260,493 million, compared to RMB 242,035 million, reflecting an increase of 7.6%[18] - For the year ended December 31, 2023, the group's revenue was approximately RMB 2,065.5 million, a decrease of about RMB 56.8 million or approximately 2.7% compared to the same period in 2022[44] - The group's gross profit for the year ended December 31, 2023, was approximately RMB 318.6 million, a decrease of about RMB 249.9 million or approximately 44.0% compared to the same period in 2022[44] - The group's net profit for the year ended December 31, 2023, was approximately RMB 45.2 million, a decrease of about RMB 209.0 million or approximately 82.2% compared to the same period in 2022[44] - Basic and diluted earnings per share attributable to ordinary equity holders of the parent for the year ended December 31, 2023, was approximately RMB 0.03, a decrease of about RMB 0.21 or approximately 87.5% compared to the same period in 2022[44] - The company reported a significant increase in cash inflow from new bank loans and borrowings amounting to 355,759 million[5] - The company reported a profit attributable to equity holders of the parent of RMB 29,061 for 2023, down 88% from RMB 242,035 in 2022[123] Assets and Liabilities - The total assets as of December 31, 2023, amounted to RMB 3,483,696 million, compared to RMB 3,198,099 million in the previous year, indicating an increase of 8.9%[19] - The total liabilities increased to RMB 1,140,162 million from RMB 1,034,468 million, representing a growth of 10.2%[19] - The company's equity attributable to shareholders decreased slightly to RMB 1,846,641 million from RMB 1,976,131 million, a decline of 6.6%[5] - The company's total assets as of December 31, 2023, included equity attributable to ordinary shareholders of approximately RMB 1,895.5 million, compared to RMB 2,037.5 million in 2022[49] - The company's liabilities totaled RMB 1,398,865,000, with significant liabilities in the battery materials segment amounting to RMB 1,235,407,000[106] Cash Flow and Investments - Cash and cash equivalents increased to RMB 287,441 million from RMB 189,069 million, marking a significant rise of 52.1%[19] - The net cash flow from investing activities was a negative 133,966 million, compared to a negative 285,236 million in the previous period[5] - The net cash flow from financing activities was 185,657 million, contrasting with a negative 79,421 million in the prior year[5] - The company purchased property, plant, and equipment amounting to 72,436 million, indicating ongoing capital investments[5] - The company reported a significant cash inflow of 55,000 million from the sale of a subsidiary's partial interest[5] - The company incurred a dividend payment of 94,578 million during the financing activities[5] Dividends and Share Repurchase - The company declared dividends to shareholders totaling RMB 89,265 thousand[21] - The board proposed a final dividend of RMB 0.038 per ordinary share for the year ended December 31, 2023, subject to shareholder approval[44] - The proposed final dividend per ordinary share for 2023 is RMB 0.038, a decrease from RMB 0.059 in 2022, totaling approximately RMB 38,479,000[122] - The company repurchased its own shares amounting to RMB 19,663 thousand during the year[21] - The company repurchased a total of 18,549,500 shares at a total cost of approximately HKD 21,473,740 during the year[79] Operational Challenges and Strategic Focus - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to strengthen its market position[16] - The company experienced a significant decline in operating profit, reflecting challenges in the market and increased costs[44] - The company’s financial performance reflects a strategic focus on expanding its market presence and enhancing product offerings through continued investment in new technologies and materials[107] Research and Development - Research and development expenses rose significantly to RMB 39,460, up 55% from RMB 25,495 in the previous year[116] Corporate Governance - The company maintains a high standard of corporate governance, adhering to the Corporate Governance Code, with the chairman also serving as the CEO to ensure consistent leadership[100][101] - The company will continue to review and monitor its corporate governance practices to ensure compliance with the Corporate Governance Code[102]

於二零二三年六月三十日，本集團共有員工2,031名 （於二零二二年六月三十日：1,924名）。 Management Discussion and Analysis 管理層討論及分析 RMB0.029 per share = HK$0.032 per share Exchange rate 0.918 董事會決議就截至二零二三年六月三十日止六個月 宣派及派付中期股息每股普通股人民幣0.029元（截 至二零二二年六月三十日止六個月：每股普通股人 民幣0.036元）。 暫停辦理股份過戶登記手續 CORPORATE GOVERNANCE AND OTHER 企業管治常規 於截至二零二三年六月三十日止六個月期間，除《企 業管治守則》第二部分守則條文第C.2.1條外，本公 司已遵照《企業管治守則》的所有守則條文。根據 《企業管治守則》第二部分守則條文第C.2.1條，主席 及行政總裁的職位須有所區分，且不應由同一人擔 任。本公司偏離守則條文第C.2.1條，原因是戈弋先 生同時擔任本公司主席兼行政總裁。由於戈弋先生 加入本集團多年，彼深入瞭解本集團業務、管理、 客戶及產品。憑藉其於業務營運及管理的豐富經 驗，董事會認為兩個 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 Tsaker New Energy Tech Co., Limited 彩 客 新 能 源 科 技 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1986） 截至二零二三年六月三十日止六個月之中期業績公告 財務摘要 本集團截至二零二三年六月三十日止六個月的收益約為人民幣996.4百萬元，較 二零二二年同期增加約人民幣73.2百萬元或約7.9%。 本集團截至二零二三年六月三十日止六個月的毛利約為人民幣176.2百萬元，較 二零二二年同期減少約人民幣86.1百萬元或約32.8%。 本集團截至二零二三年六月三十日止六個月的純利約為人民幣43.0百萬元，較 二零二二年同期減少約人民幣41.3百萬元或約49.0%。 截至二零二三年六月三十日止六個月，母公司普通股權益擁有人應佔每股基 本及攤薄盈利約為人民幣0.03元，較二零二二年同期減少約人民幣0.05元或約 ...

Financial Performance - For the year ended December 31, 2022, the Group's revenue was approximately RMB2,122.3 million, an increase of approximately RMB341.2 million or 19.2% compared to the same period in 2021[17] - The Group's gross profit for the year ended December 31, 2022, was approximately RMB568.5 million, reflecting an increase of approximately RMB28.2 million or 5.2% year-over-year[17] - The net profit for the year ended December 31, 2022, amounted to approximately RMB254.2 million, representing an increase of approximately RMB27.0 million or 11.9% compared to 2021[18] - Basic and diluted earnings per share attributable to ordinary equity owners of the parent for the year ended December 31, 2022, were approximately RMB0.24, an increase of approximately RMB0.02 or 9.1% year-over-year[19] - The company reported revenue of approximately RMB 2,122.3 million for the year ended December 31, 2022, representing an increase of approximately RMB 341.2 million or about 19.2% compared to 2021[40] - Gross profit for the same period was approximately RMB 568.5 million, an increase of approximately RMB 28.2 million or about 5.2% year-over-year[40] - The net profit for 2022 was approximately RMB 254.2 million, reflecting an increase of approximately RMB 27.0 million or about 11.9% compared to the previous year[32] - Profit attributable to owners of the parent was RMB 242.0 million, up from RMB 226.2 million in 2021[39] - The basic and diluted earnings per share attributable to ordinary equity holders of the parent was RMB 0.24, an increase of approximately RMB 0.02 or about 9.1% from 2021[40] - The income tax expense for 2022 was approximately RMB 80.5 million, remaining stable compared to RMB 80.4 million in 2021[143] Dividends - The Board recommended a final dividend of RMB0.059 per ordinary share for the year ended December 31, 2022, subject to shareholder approval at the AGM[20] - The total dividends for the year, assuming the final dividend is approved, will amount to RMB0.095 per ordinary share, including an interim dividend of RMB0.036 per share[20] Profitability Ratios - The gross profit margin decreased to 26.8% in 2022 from 30.3% in 2021[40] - The net profit margin for 2022 was 12.0%, slightly down from 12.8% in 2021[40] Liquidity and Financial Stability - The current ratio decreased to 1.15 in 2022 from 1.43 in 2021, indicating a tighter liquidity position[40] - The company maintained a net debt to equity ratio of 14.3% in 2022, down from 16.7% in 2021, reflecting improved financial stability[40] Research and Development - The company plans to focus on investment in research and development, particularly in new processes and technologies to drive future growth[33] - The Group completed the research and development of recycling technology for lithium iron phosphate, which is expected to be industrialized in due course[62] - The Group's investment in research and development remains a priority, with ongoing upgrades to production processes and products[53] - The Group is actively developing new products, including lithium iron manganese phosphate and sodium ion battery materials, to expand its product range[62] - The company aims to enhance overall competitiveness through continuous research and development of new products and processes[110] Environmental Performance - The Group's NOx emissions decreased from 34 tonnes in 2021 to 18 tonnes in 2022, achieving a reduction intensity of 0.008 NOx emissions per million RMB revenue[65] - The Group's SOx emissions decreased from 9 tonnes in 2021 to 8 tonnes in 2022, with a reduction intensity of 0.004 SOx emissions per million RMB revenue[65] - The Group's particulate matter emissions decreased from 5 tonnes in 2021 to 1 tonne in 2022, achieving a reduction intensity of 0.0006 per million RMB revenue[65] - Direct GHG emissions increased to 152,177 tCO2e in 2022 from 148,877 tCO2e in 2021, while total GHG emissions rose to 302,119 tCO2e from 218,462 tCO2e[149] - Water consumption increased from 868,929 m³ in 2021 to 1,335,751 m³ in 2022, representing a 53.8% increase[162] - Water intensity rose from 409 m³ per million RMB revenue in 2021 to 750 m³ per million RMB revenue in 2022, indicating a 83.5% increase[162] - Wastewater quantity increased from 355,896 m³ in 2021 to 597,080 m³ in 2022, reflecting a 67.8% increase[166] - Wastewater intensity rose from 168 m³ per million RMB revenue in 2021 to 335 m³ per million RMB revenue in 2022, showing a 99.4% increase[166] - The Group aims to reduce wastewater discharge intensity from 2021 to 2025, with annual monitoring of emission intensity[164] - Non-hazardous waste recycling measures achieved nearly 100% recycling rate during the Reporting Period[173] - The Group has implemented rigorous management for hazardous waste to ensure safe treatment and minimize leakage risks[170] - The Group has established a target to reduce wastewater discharge intensity by monitoring emissions annually until 2025[164] - The Group's water-saving measures include optimizing processes and adopting new technologies to achieve zero water discharge in key operations[157] - The Group has set up designated areas for the separate collection of hazardous wastes to enhance waste management practices[170] - Hazardous waste produced decreased from 419 tonnes in 2021 to 364 tonnes in 2022, representing a reduction of approximately 13.1%[175] - Non-hazardous waste produced decreased from 8,699 tonnes in 2021 to 7,631 tonnes in 2022, a decline of about 12.3%[175] - Non-hazardous waste recycled remained stable at 99% for both 2021 and 2022[175] - The hazardous waste disposal intensity improved significantly from 0.21 to 0.04 tonnes per million RMB revenue, a reduction of approximately 81%[175] Production and Operational Efficiency - The battery materials segment recorded an annual sales revenue of approximately RMB689.5 million, representing an increase of approximately 297.4% compared to 2021[50] - The Group successfully realized stable and large-scale mass production of a new process for co-producing iron oxide red products, improving production capacity and lowering costs[53] - Tsaker New Energy achieved an annual electricity cost savings of approximately 200,000 yuan after modifications to the synthetic post reactor in the iron phosphate workshop[92] - The renovation of the nitrification reactor reduced steam consumption by 0.35 tons per ton of product, resulting in cost savings of about 5.68 million yuan[93] - Total energy consumption increased to 818,924 MWh in 2022 from 769,383 MWh in 2021, with total energy intensity slightly decreasing from 393 MWh/M' RMB revenue to 386 MWh/M' RMB revenue[95] - The company reported a significant increase in steam consumption due to the addition of the newly operated Dongying Production Plant, which underwent a testing phase[96] - Tsaker Huayu's energy consumption per ton of product decreased by 35.6% to 1.09 from 1.478, while Tsaker Dongao's decreased by 4.43%[99] Strategic Initiatives - The Group is considering the transfer of Tsaker Technology's listing to The Beijing Stock Exchange and a spin-off of Shandong TNM Group for better capital market presence[59] - Tsaker Technology successfully completed its listing on the NEEQ in 2022 and is considering a transfer to the Beijing Stock Exchange, with the application accepted by the regulatory authority on September 30, 2022[106] - The company plans to spin off Shandong TNM Group and list it independently on a recognized stock exchange in China, with an investment agreement signed with eight independent investors on March 10, 2023[106] Customer Concentration - Revenue from the top five largest customers accounted for approximately 38.6% of the Group's total revenue in 2022, up from 33.8% in 2021[200] Pricing and Sales Volume - The average unit selling price for battery materials was RMB 37,268 per ton, with a sales volume of 9,675 tons[132] - The average unit selling price for battery materials was RMB 14,991 per ton in 2022[196] Resource Conservation - The Group's Dongguang Production Plant reused 1,992 iron drums during the reporting period, contributing to resource conservation[180] - The Group emphasizes eco-friendly packaging materials while ensuring compliance with client and industry requirements[176]