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]

Employee and Corporate Governance - As of June 30, 2023, the company had a total of 2,031 employees, an increase from 1,924 employees as of June 30, 2022[1] - The company has complied with all provisions of the Corporate Governance Code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[6] - The company will continue to review and monitor its corporate governance practices to ensure compliance with the Corporate Governance Code[7] - The company has adopted the Model Code for Directors' securities transactions, with all directors confirming compliance for the six months ended June 30, 2023[8] - There were no changes in the information of directors or chief executives that required disclosure under the Listing Rules during the review period[10] - The company is committed to maintaining a stable leadership structure to effectively implement business decisions and strategies[6] Financial Performance - Revenue for the first half of 2023 reached RMB 996,415,000, representing a 7.9% increase from RMB 923,237,000 in the same period of 2022[24] - Gross profit decreased to RMB 176,238,000, down 32.8% from RMB 262,340,000 year-over-year[24] - Profit for the period was RMB 42,970,000, a decline of 49.1% compared to RMB 84,300,000 in 2022[24] - Total comprehensive income for the period was RMB 45,887,000, down 51.7% from RMB 94,969,000 in the previous year[25] - Basic and diluted earnings per share decreased to RMB 0.03 from RMB 0.08, reflecting a 62.5% decline[25] - Selling and distribution expenses were RMB 23,883,000, a decrease from RMB 28,483,000 in 2022[24] - Administrative expenses were RMB 88,988,000, down from RMB 102,935,000 year-over-year[24] - Other comprehensive income, net of tax, was RMB 2,917,000, compared to RMB 10,669,000 in the previous year[25] - The company reported an exchange difference on translation of foreign operations of RMB 7,551,000, down from RMB 16,497,000 in 2022[24] Equity and Dividends - The total equity as of June 30, 2023, was RMB 2,078,981,000, compared to RMB 2,099,959,000 at the beginning of the year[32] - The company distributed dividends amounting to RMB 69,388,000 to shareholders during the reporting period[36] - Mr. GE Yi is deemed to be interested in a total of 400,013,250 shares as of June 30, 2023, due to voting rights transferred from associated companies[14] Cash Flow and Investments - Net cash flows from operating activities for the first half of 2023 were RMB 34,680,000, a decrease from RMB 106,639,000 in the same period of 2022[50] - The company reported cash and cash equivalents at the end of the period amounting to RMB 414,843,000, compared to RMB 73,980,000 at the end of the previous year[50] - Cash generated from operations was RMB 81,318,000, with income tax paid amounting to RMB 46,638,000[50] - The company incurred net cash flows used in investing activities of RMB 80,800,000, a decrease from RMB 113,939,000 in the previous year[50] - Proceeds from borrowings amounted to RMB 196,366,000, while repayments of borrowings were RMB 123,146,000[50] Segment Performance - The battery materials segment reported a loss of RMB 116,584,000, while the dye and agricultural chemical intermediates segment achieved a profit of RMB 152,765,000[70] - The pigment intermediates and new materials segment generated a profit of RMB 58,026,000, contributing to a total segment profit of RMB 94,207,000[70] - The external customer revenue breakdown included RMB 217,966,000 from battery materials, RMB 585,414,000 from dye and agricultural chemical intermediates, and RMB 193,035,000 from pigment intermediates and new materials[70] - The company has ceased to report the "others" segment due to no revenue generated since 2022, focusing on its core operating segments[70] Assets and Liabilities - The Group's total assets as of June 30, 2023, amounted to RMB 3,390,492,000, an increase from RMB 3,195,239,000 as of December 31, 2022, representing a growth of approximately 6.1%[93] - The Group's total liabilities as of June 30, 2023, were RMB 1,311,511,000, compared to RMB 1,095,280,000 as of December 31, 2022, indicating an increase of about 19.7%[93] - The Group's non-current assets are primarily located in Mainland China, highlighting the geographical focus of its operations[90] Taxation and Impairments - Current income tax expense for the six months ended June 30, 2023, was RMB 47,414,000, compared to RMB 23,385,000 for the same period in 2022[129] - The impairment provision for trade receivables was RMB 8,870,000 as of June 30, 2023, compared to RMB 7,704,000 as of December 31, 2022[140] - The Group wrote down inventories by RMB 15,828,000 for the six months ended June 30, 2023, with no write-downs reported for the same period in 2022[139] Research and Development - Research and development costs rose significantly to RMB 23,660,000, up from RMB 8,823,000, marking a 168.5% increase compared to the same period in 2022[144] Financial Instruments and Fair Value - The fair value hierarchy includes Level 1, Level 2, and Level 3 valuations, with specific financial instruments categorized accordingly[18] - The Group's financial instruments at fair value include equity investments designated at FVOCI and financial assets at FVPL, which are subject to fair value measurement[18]

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]

Financial Performance - For the year ended December 31, 2022, the group's revenue was approximately RMB 2,122.3 million, an increase of about RMB 341.2 million or approximately 19.2% compared to the same period in 2021[1]. - The group's gross profit for the year was approximately RMB 568.5 million, an increase of about RMB 28.2 million or approximately 5.2% compared to the previous year[1]. - The group's net profit for the year was approximately RMB 254.2 million, an increase of about RMB 27.0 million or approximately 11.9% compared to the previous year[1]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent were approximately RMB 0.24, an increase of about RMB 0.02 or approximately 9.1% compared to the previous year[1]. - The group reported a total comprehensive income of RMB 272.7 million for the year, compared to RMB 235.3 million in the previous year[9]. - The company's overall revenue increased by approximately 19.2% to about RMB 2,122.3 million in 2022, compared to RMB 1,781.1 million in 2021[73]. - The net profit for 2022 was approximately RMB 254.2 million, an increase of about RMB 27.0 million or 11.9% from 2021[99]. - The gross margin for 2022 was approximately 26.8%, down from 30.3% in 2021, primarily due to the decline in average selling prices of dye intermediates[98]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.059 per share, subject to approval at the annual general meeting, bringing the total dividend for the year to RMB 0.095 per share if approved[1]. - The company proposed a final dividend of RMB 0.059 per share, subject to approval at the annual general meeting, with a total proposed dividend amounting to approximately RMB 59.9 million[140]. Assets and Liabilities - The total assets less current liabilities amounted to RMB 2,160.8 million, compared to RMB 1,931.4 million in the previous year[12]. - The total equity attributable to ordinary equity holders of the parent was RMB 2,037.5 million, an increase from RMB 1,875.5 million in the previous year[15]. - Current assets totaled RMB 1,187.9 million, compared to RMB 912.5 million in the previous year, indicating a significant increase in liquidity[12]. - As of December 31, 2022, the total current liabilities were approximately RMB 1,034.5 million, up from RMB 637.1 million in 2021, with trade payables increasing to RMB 384.1 million from RMB 195.7 million[121]. - The company had unused bank financing of RMB 110,653,000 as of December 31, 2022, up from RMB 59,263,000 in 2021[39]. - The company’s debt-to-equity ratio was approximately 14.3%, down from 16.7% in 2021, primarily due to a reduction in interest-bearing bank and other borrowings and an increase in total equity[131]. Cash Flow and Investments - The net cash generated from operating activities rose significantly to RMB 494,027 thousand in 2022 compared to RMB 296,060 thousand in 2021, marking a growth of about 66.8%[20]. - Cash outflow from investing activities was approximately RMB 285.2 million in 2022, an increase of about RMB 207.4 million from RMB 77.8 million in 2021, mainly due to capital expenditures for a new 50,000 tons/year lithium iron phosphate production line[116]. - The company experienced a net cash outflow from investing activities of RMB 285,236 thousand in 2022, compared to RMB 77,767 thousand in 2021, highlighting a significant increase in investment expenditures[22]. Segment Performance - The battery materials segment's revenue surged by approximately 297.4% to about RMB 689.5 million, accounting for approximately 32.5% of total revenue[74]. - The dye intermediates segment's revenue decreased by approximately 51.4% to about RMB 383.4 million, representing about 18.1% of total revenue[76]. - The sales revenue of the agricultural chemicals intermediate products increased by approximately 48.7% to about RMB 688.8 million, accounting for about 32.4% of the group's total revenue[90]. - The gross profit for the battery materials segment increased by about 2,311.5% to approximately RMB 250.8 million, with a gross margin of about 36.4%[61]. - The overall gross profit of the agricultural chemicals intermediate products decreased by about 49.5% to approximately RMB 204.8 million, with a gross margin decline of 13.3 percentage points to about 19.1%[90]. Operational Efficiency - The company reported a gross profit margin of 30.3% for the year, with the top five customers contributing approximately 38.6% of total revenue, up from 33.8% in 2021[58]. - Inventory turnover days remained stable at 62 days in 2022, compared to 64 days in 2021[132]. - Trade receivables and notes receivable turnover days increased from 52 days in 2021 to 81 days in 2022, attributed to a significant increase in sales revenue in the battery materials segment, which primarily settled payments through bank acceptance bills[133]. Research and Development - The company emphasizes continuous investment in R&D to maintain market competitiveness and explore new growth opportunities[82]. - The group plans to continue increasing R&D investment to develop new products and technologies, focusing on new energy and new materials as future development directions[87]. Corporate Governance and Structure - The company maintained a high level of corporate governance to protect shareholder interests and enhance corporate value[143]. - The board of directors consists of experienced members, with the chairman and CEO being the same person to ensure consistent leadership and effective execution of business strategies[162]. Market Position and Strategy - The company has changed its English name from "Tsaker Chemical Group Limited" to "Tsaker New Energy Tech Co., Limited" to better reflect its future development direction[170]. - The battery materials segment has become the highest profit-contributing core business segment, with new projects in lithium iron phosphate and resource recycling expected to further increase its share in overall business[170]. - Revenue distribution by region shows that mainland China accounted for approximately 81.1% of total revenue, while India contributed about 6.0%[173].

Revenue and Profitability - Revenue for the six months ended June 30, 2022, amounted to approximately RMB 923.2 million, representing an increase of approximately RMB 169.8 million or 22.5% compared to the same period in 2021[12]. - Gross profit for the same period was approximately RMB 262.3 million, reflecting an increase of approximately RMB 47.9 million or 22.3% compared to the prior year[13]. - Net profit for the six months ended June 30, 2022, was approximately RMB 84.3 million, which is an increase of approximately RMB 1.2 million or 1.4% compared to the same period in 2021[13]. - Profit attributable to owners of the parent for the period was RMB 79.9 million, compared to RMB 83.1 million in the same period of 2021[12]. - Basic and diluted earnings per share attributable to ordinary equity holders of the parent for the six months ended June 30, 2022, remained at RMB 0.08, unchanged from the same period in 2021[14]. - The Group's overall gross profit decreased by approximately 32.8% to approximately RMB 108.7 million, with a gross profit margin of approximately 22.9%[40][41]. - The gross profit margin for the Group was approximately 28.4%, slightly down from approximately 28.5% in the same period of 2021[67]. - The net profit margin of the Group was approximately 9.1%, down from approximately 11.0% in the same period of 2021[67]. Segment Performance - Battery materials accounted for approximately 27.2% of total revenue, significantly up from 3.1% in the same period of 2021, due to rapid growth in market demand for lithium battery products[24]. - The overall gross profit for the Group increased by approximately 22.3% to approximately RMB 262.3 million, driven by significant increases in sales volume and average sales price of iron phosphate, the Group's major battery material product[21]. - The gross profit margin for the battery materials segment increased by 63.5 percentage points to approximately 30.8%, compared to a negative gross profit margin of approximately 32.7% in the same period of 2021[30]. - Revenue from dye and agricultural chemical intermediates decreased by approximately 63.8% to approximately RMB 133.8 million due to prolonged production suspensions among downstream customers[34]. - The total revenue of the dye and agricultural chemical intermediates segment decreased by approximately 17.3% to approximately RMB474.5 million, accounting for about 51.4% of the Group's overall revenue[39][41]. - Revenue from agricultural chemical intermediates increased by approximately 66.6% to approximately RMB340.7 million compared to the same period in 2021[36][37]. - Gross profit for the dye intermediates decreased by approximately 68.2% to approximately RMB35.3 million, with a gross profit margin of approximately 26.4%[40][41]. - Gross profit for agricultural chemical intermediates increased by approximately 44.8% to approximately RMB73.4 million, with a gross profit margin of approximately 21.5%[40][41]. - Revenue from pigment intermediates increased by approximately 27.2% to approximately RMB197.9 million, accounting for approximately 21.4% of total revenue[43][44]. Cash Flow and Financial Position - Net cash inflows from operating activities were approximately RMB 106.6 million, an increase of approximately RMB 40.2 million compared to RMB 66.4 million in the same period in 2021[78]. - Net cash outflows from investing activities increased to approximately RMB 113.9 million from approximately RMB 25.7 million in the same period in 2021, mainly due to payments for the construction of a new production line[79]. - Net cash outflows from financing activities were approximately RMB 97.7 million, an increase of approximately RMB 60.2 million compared to RMB 37.5 million in the same period in 2021, primarily due to dividend payments[82]. - As of June 30, 2022, the Group had cash and cash equivalents of approximately RMB 74.0 million, down from approximately RMB 180.1 million as of December 31, 2021[85]. - Total current assets decreased to approximately RMB709.0 million as of June 30, 2022, from approximately RMB912.5 million as of December 31, 2021[96]. - Total current liabilities amounted to approximately RMB594.7 million as of June 30, 2022, compared to approximately RMB637.1 million as of December 31, 2021[100]. - The Group's liquidity position is monitored closely to ensure it meets funding requirements, maintaining a prudent financial management approach[84]. Administrative and Operational Expenses - Selling and distribution expenses amounted to approximately RMB28.5 million, representing an increase of approximately RMB1.2 million compared to the same period in 2021, and accounted for approximately 3.1% of the Group's revenue[67]. - Administrative expenses increased to approximately RMB102.9 million, up by approximately RMB35.7 million compared to RMB67.2 million in the same period of 2021, primarily due to extended production suspension caused by the COVID-19 pandemic[69]. - For the six months ended June 30, 2022, the total staff costs amounted to approximately RMB 88.4 million, an increase from approximately RMB 63.0 million for the same period in 2021, primarily due to higher employee remuneration and the addition of staff for the iron phosphate production line[117][120]. Corporate Governance and Compliance - The Company has complied with all provisions of the Corporate Governance Code except for the separation of the roles of chairman and CEO, which are held by the same individual[132]. - The company has adopted the Model Code for Directors' securities transactions, confirming compliance by all directors for the six months ended June 30, 2022[139]. - The Audit Committee consists of three independent non-executive directors, ensuring effective oversight of financial reporting[139]. - The company will continue to review and monitor its corporate governance practices to ensure compliance with the Corporate Governance Code[135]. Shareholder Information - As of June 30, 2022, the total number of issued shares was 1,021,227,500[147]. - Director GE Yi holds 133,337,750 shares, representing approximately 13.06% of the total shareholding[147]. - GE Yi is also deemed to be interested in an additional 400,013,250 shares, representing approximately 39.17% of the total shareholding due to a voting right transfer agreement[150]. - The total amount of interim dividend payable is approximately RMB 36,689,000 based on the total number of shares of 1,019,132,500 as of the report date[125][127]. - The company repurchased a total of 2,095,000 shares at a total consideration of HK$2,849,835 during the six months ended June 30, 2022[174].

Financial Performance - For the year ended December 31, 2021, the Group's revenue amounted to approximately RMB 1,781.1 million, representing an increase of approximately RMB 505.8 million or 39.7% compared to the same period in 2020[14]. - The Group's gross profit for the year ended December 31, 2021, was approximately RMB 540.3 million, reflecting an increase of approximately RMB 95.0 million or 21.3% compared to the previous year[16]. - The net profit for the Group for the year ended December 31, 2021, was approximately RMB 227.2 million, which is an increase of approximately RMB 82.6 million or 57.1% compared to 2020[17]. - Profit attributable to owners of the parent for the year was RMB 226.2 million, up from RMB 144.9 million in 2020[14]. - Earnings per share attributable to ordinary equity holders of the parent increased to RMB 0.22 for the year ended December 31, 2021, compared to RMB 0.14 in 2020[14]. - The Group's financial highlights indicate a strong performance with significant growth in both revenue and profit metrics[13]. - Total revenue increased by approximately 39.7% to approximately RMB1,781.1 million in 2021, compared to approximately RMB1,275.3 million in 2020[79]. - Gross profit increased by approximately 21.3% to approximately RMB540.3 million, with a gross profit margin decreasing to approximately 30.3% from approximately 34.9% in 2020[79]. - The Group's net profit margin improved to approximately 12.8% in 2021 from 11.3% in 2020[132]. Revenue Breakdown - Revenue from dye intermediates increased by approximately 33.7% to approximately RMB789.3 million, accounting for approximately 44.3% of total revenue[82]. - Revenue from agricultural chemical intermediates increased by approximately 11.6% to approximately RMB463.1 million, representing approximately 26.0% of total revenue[82]. - Revenue from pigment intermediates increased by approximately 39.2% to approximately RMB353.6 million, maintaining a share of approximately 19.9% of total revenue[87]. - Revenue from battery materials surged by approximately 2,015.9% to approximately RMB173.5 million, accounting for approximately 9.7% of total revenue[89]. - Revenue from Mainland China accounted for approximately 67.9% of total revenue, with India at 9.0% and Indonesia at 5.3%[76][77]. - Export revenue amounted to approximately RMB571.3 million, representing an increase of approximately 39.7% compared to RMB408.9 million in 2020[97]. - Export revenue accounted for approximately 32.1% of total revenue in 2021, consistent with 2020[104]. Operational Efficiency - The gross profit margin for 2021 was 30.3%, down from 34.9% in 2020, indicating a shift in profitability dynamics[22]. - The inventory turnover days improved to 64 days in 2021 from 98 days in 2020, indicating more efficient inventory management[22]. - The turnover days for trade receivables decreased from 71 days in 2020 to 52 days in 2021, reflecting a return to normal payment schedules post-COVID-19[169]. - The total amount of trade payables decreased from RMB 178.9 million in 2020 to RMB 195.7 million in 2021, with turnover days dropping from 100 days to 54 days[173][179]. Strategic Initiatives - The management discussion and analysis section will provide further insights into operational strategies and market conditions affecting performance[12]. - Future outlook and guidance will be discussed in the upcoming sections, focusing on market expansion and new product development[12]. - The company is actively pursuing new technologies and product innovations to enhance its competitive position in the market[12]. - Strategic initiatives, including potential mergers and acquisitions, are being evaluated to drive growth and market share[12]. - The Group plans to focus on key fixed asset investment projects, including the iron phosphate expansion project and the new BPDA capacity project in 2022[50][51]. - The Group aims to expand into new energy and new materials sectors, which are expected to become a significant part of its overall business[124]. Research and Development - In 2021, the Group completed small and pilot scale R&D of the BPDA product, entering the high-performance macromolecular compounds market[44][45]. - The Group continues to focus on research and development to enhance product quality and competitiveness in the market[99]. - The Group will continue to invest in research and development to maintain competitive advantages and explore new business growth points[109]. Financial Health - Current assets increased to RMB912,494 in 2021 from RMB647,532 in 2020, indicating improved liquidity[22]. - The Group maintained a current ratio of 1.43 in 2021, up from 1.08 in 2020, suggesting better short-term financial health[22]. - The Group's gearing ratio improved to approximately 16.7% as of December 31, 2021, down from 20.8% in 2020, due to a reduction in borrowings and an increase in total equity[157][160]. - As of December 31, 2021, the Group had cash and cash equivalents of approximately RMB180.1 million, an increase from approximately RMB101.2 million in 2020[153]. - The Group's total current assets increased to approximately RMB912.5 million in 2021 from RMB647.5 million in 2020, primarily driven by higher inventories and trade receivables[163][164]. Employee and Administrative Costs - The total staff costs for the Group during the review year were approximately RMB1,434 million, an increase from approximately RMB1,160 million in 2020[198]. - The Group had 1,581 employees as of December 31, 2021, compared to 1,526 employees in 2020[197]. - Selling and distribution expenses increased to approximately RMB58.2 million in 2021, up approximately RMB16.6 million from RMB41.6 million in 2020[133]. - Administrative expenses amounted to approximately RMB143.8 million in 2021, a decrease of approximately RMB34.4 million compared to RMB178.2 million in 2020, primarily due to a reduction in the suspension period from the COVID-19 pandemic[139]. Environmental and Sustainability Efforts - The Group successfully upgraded its iron phosphate production line in 2021, leading to a reduction in production costs[42][43]. - The Group achieved zero discharge of solid waste from the production process of co-production of iron oxide red products in 2021[42][43]. - The Group completed the upgrade of its DSD Acid production line, achieving zero solid waste emissions and introducing iron oxide red as a new product[121]. - The production process of DSD Acid was transformed to achieve zero discharge of solid waste, converting scrap iron sludge into iron oxide red, which has a production capacity of 30,000 tons/year[119]. Capital Market Activities - The Group is considering a spin-off of Tsaker Technology for separate quotation on the NEEQ to enhance visibility and broaden financing channels[46][47]. - The Group plans to spin off Tsaker Technology for separate quotation on the NEEQ to enhance financing ability and visibility in the capital market[120]. - The net proceeds from the Group's listing amounted to approximately RMB 3,788 million, used for purposes disclosed in the Prospectus[200].

Financial Performance - Revenue for the six months ended June 30, 2021, amounted to approximately RMB 753.4 million, representing an increase of approximately RMB 17.9 million or 2.4% compared to the same period in 2020[14]. - Gross profit for the same period was approximately RMB 214.4 million, reflecting a decrease of approximately RMB 92.6 million or 30.2% compared to the prior year[16]. - Net profit for the six months ended June 30, 2021, was approximately RMB 83.1 million, a decrease of approximately RMB 55.6 million or 40.1% compared to the same period in 2020[17]. - Basic and diluted earnings per share for the period were approximately RMB 0.08, representing a decrease of approximately RMB 0.05 or 38.5% compared to the same period in 2020[18]. - The overall gross profit margin for the Group was 28.5%[22]. - Overall gross profit decreased by approximately 30.2% to approximately RMB 214.4 million, resulting in a gross profit margin decline of 13.2 percentage points to approximately 28.5%[26][28]. - Profit attributable to equity holders decreased by approximately 40.2% to approximately RMB 83.1 million, with a profit margin decline of 7.9 percentage points to approximately 11.0%[28]. - The net profit for the Review Period was approximately RMB 83.1 million, a decrease of 40.1% from RMB 138.7 million in the same period of 2020, with a net profit margin of 11.0% compared to 18.9% in 2020[72]. Revenue Breakdown - Revenue from dye and agricultural chemical intermediates was RMB 573.9 million, with a gross profit margin of 28.2%[22]. - Revenue from pigment intermediates was RMB 155.6 million, with a gross profit margin of 38.8%[22]. - Revenue from battery materials was RMB 23.4 million, with a negative gross profit margin of 32.7%[22]. - Revenue from dye and agricultural chemical intermediates accounted for approximately 76.2% of total revenue, down from 81.9% in the first half of 2020[30]. - Revenue from pigment intermediates increased by approximately 23.9% to approximately RMB 155.6 million, accounting for approximately 20.7% of total revenue[44]. - Revenue from agricultural chemical intermediates decreased by approximately 7.8% to approximately RMB 204.5 million compared to the same period in 2020[36]. - The battery materials segment accounted for approximately 3.1% of total revenue, with revenue of approximately RMB 23.4 million, significantly up from 0.7% in the first half of 2020[47]. Dividend and Shareholder Information - The Board declared an interim dividend of RMB 0.039 per ordinary share for the six months ended June 30, 2021, down from RMB 0.048 per share in the same period of 2020[19]. - The total amount of interim dividend payable, based on 1,026,255,000 shares, is approximately RMB 40,024,000[142]. - The interim dividend will be paid on September 21, 2021, to shareholders registered by September 8, 2021, with an exchange rate of HK$1: RMB0.832[141]. - As of June 30, 2021, Ge Yi holds 133,337,750 shares, representing approximately 12.91% of the total shareholding[162]. - Ge Yi is also deemed to be interested in an additional 400,013,250 shares, which accounts for approximately 38.72% of the total shareholding due to a voting rights transfer agreement[162]. - The total number of issued shares as of June 30, 2021, was 1,033,104,000 shares[162]. Expenses and Costs - Selling and distribution expenses increased to approximately RMB 27.3 million, representing 3.6% of the Group's revenue, up from 2.7% in the same period of 2020[74]. - Administrative expenses decreased to approximately RMB 67.2 million, accounting for 8.9% of revenue, down from 11.5% in the same period of 2020[77][80]. - Finance costs rose slightly to approximately RMB 13.8 million, compared to RMB 13.6 million in the same period of 2020[81]. - Income tax expenses decreased to approximately RMB 26.4 million, down from RMB 39.9 million in the same period of 2020, primarily due to lower profit before tax[89]. Cash Flow and Liquidity - The Group's net cash inflows from operating activities were approximately RMB 66.4 million, a decrease of approximately RMB 88.2 million from RMB 154.6 million in the same period of 2020[90]. - The Group's net cash outflows from investing activities were approximately RMB 25.7 million, a decrease of approximately RMB 23.9 million from RMB 49.6 million in the same period of 2020[91]. - The Group's net cash outflows from financing activities were approximately RMB 37.5 million, representing a decrease of approximately RMB 52.0 million compared to RMB 89.5 million in the same period of 2020, mainly due to no dividend payments during the review period[93]. - As of June 30, 2021, the Group had cash and cash equivalents of approximately RMB 104.6 million, an increase from approximately RMB 101.2 million as of December 31, 2020[101]. - The Group maintained a healthy liquidity position throughout the review period, with unutilized banking facilities of RMB 1.0 million as of June 30, 2021[100]. Production and Capacity - The production capacity for iron phosphate products has been increased from 15,000 tonnes per year to 20,000 tonnes per year, with new processes adopted to improve efficiency and reduce costs[64]. - The ortho-toluidine production facility has been upgraded to produce para-toluidine, with a combined production capacity of 6,000 tonnes per year, enhancing overall income and profit through external sales[64]. - The Group has utilized approximately RMB 189.4 million for production capacity expansion, indicating a focus on growth and operational efficiency[133]. Corporate Governance and Compliance - The Company complied with all provisions of the Corporate Governance Code for the six months ended June 30, 2021, except for code provision A.2.1 regarding the separation of roles of chairman and CEO[147]. - The Audit Committee reviewed the unaudited interim financial statements for the six months ended June 30, 2021, which were independently reviewed by Ernst & Young[153]. - There were no significant events from June 30, 2021, to the date of the report, except for the interim dividend declaration[139]. Employee Information - The Group had 1,458 employees as of June 30, 2021, a decrease from 1,534 employees in the previous year[128]. - Total staff costs for the six months ended June 30, 2021, amounted to approximately RMB 63.0 million, an increase from approximately RMB 60.6 million for the same period in 2020[128].

Financial Performance - For the year ended December 31, 2020, the Group's revenue amounted to approximately RMB 1,275.3 million, representing a decrease of approximately RMB 543.0 million or 29.9% compared to the same period in 2019[14]. - The Group's gross profit for the year ended December 31, 2020, was approximately RMB 445.3 million, reflecting a decrease of approximately RMB 595.7 million or 57.2% compared to 2019[16]. - The net profit for the year ended December 31, 2020, was approximately RMB 144.6 million, a decrease of approximately RMB 373.7 million or 72.1% compared to the same period in 2019[17]. - Basic and diluted earnings per share attributable to ordinary equity owners of the parent for the year ended December 31, 2020, was approximately RMB 0.14, representing a decrease of approximately RMB 0.36 or 72.0% compared to 2019[18]. - Total revenue for 2020 was RMB1,275.3 million, a decrease of approximately 29.9% from RMB1,818.3 million in 2019[22]. - Gross profit for 2020 was RMB445.3 million, down approximately 57.3% from RMB1,041.0 million in 2019, resulting in a gross profit margin of 34.9%[22]. - Profit for the year was RMB144.6 million, a decline of approximately 72.1% compared to RMB518.3 million in 2019[22]. Market Challenges and Strategic Initiatives - The significant decline in revenue and profit is attributed to market challenges faced during the year, impacting overall performance[15]. - The Group is focusing on strategic initiatives to enhance operational efficiency and explore new market opportunities moving forward[14]. - Future outlook includes potential investments in new technologies and product development to regain market share[14]. - The management is committed to improving financial performance and restoring profitability in the upcoming fiscal periods[14]. - The Group plans to expand its market presence through strategic partnerships and collaborations[14]. - The Group is actively seeking potential acquisition and merger projects to enhance its market position and create synergy with existing businesses[67]. Segment Performance - The dye and agricultural chemical intermediates segment contributed approximately RMB1,005.4 million in revenue, representing a decrease of approximately 33.4% year-over-year[35]. - Revenue from pigment intermediates accounted for 19.9% of total revenue, contributing approximately RMB254.1 million, with a gross profit margin increase of approximately 6.2 percentage points to approximately 43.9%[36]. - Revenue from dye intermediates decreased by approximately 50.2% to approximately RMB590.4 million in 2020, representing approximately 46.3% of total revenue[87]. - Revenue from agricultural chemical intermediates increased by approximately 28.0% to approximately RMB415.0 million in 2020, accounting for approximately 32.5% of total revenue[87]. Research and Development - Ongoing efforts in research and development are expected to drive innovation and product offerings in the chemical sector[14]. - R&D investment increased by approximately 37.3% in 2020, reaching approximately RMB25.9 million[114]. - The Group emphasizes continuous research and development, upgrading existing technologies and developing new environmentally friendly production technologies[43]. Financial Position and Liquidity - Non-current assets totaled RMB1,695.6 million, a slight decrease from RMB1,725.0 million in 2019[22]. - Current liabilities decreased to RMB597.6 million from RMB745.9 million in 2019, indicating improved liquidity[22]. - The net debt to equity ratio increased to 20.8% from 17.8% in 2019, reflecting a higher reliance on debt financing[22]. - The Group maintained a healthy liquidity position, with daily working capital primarily derived from internally generated cash flow and bank borrowings[160]. - As of December 31, 2020, the Group's cash and cash equivalents totaled approximately RMB101.2 million, compared to RMB104.8 million in 2019[154]. Employee and Operational Management - The total staff costs of the Group amounted to approximately RMB 116.0 million in 2020, down from approximately RMB 164.4 million in 2019[197]. - As of December 31, 2020, the Group had 1,526 employees, a slight decrease from 1,553 employees in 2019[196]. - The company has established a human resources policy and system to effectively manage employees, including a reasonable incentive reward system and various training programs[200]. - Employee compensation is determined based on their roles and current market trends, and includes bonuses, training programs, pensions, medical insurance, and provident funds[200]. Dividend and Shareholder Returns - The Board did not recommend a final dividend for the year ended December 31, 2020, with an interim dividend of RMB0.048 per share for the six months ended June 30, 2020, compared to RMB0.150 per share for the entire year of 2019[19]. Foreign Exchange and Risk Management - The company is exposed to foreign exchange risk due to fluctuations in exchange rates, particularly as its export business expands[198]. - Currently, the company does not have a foreign currency hedging policy in place, but the board monitors related risks and may consider hedging significant foreign currency risks if necessary[199].