Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares to all shareholders, based on a total of 121,982,307 shares[5]. - The company plans to distribute a cash dividend of RMB 3 per 10 shares (including tax), totaling RMB 36,594,692.10, which represents 100% of the distributable profit[49]. - The total number of shares for the cash dividend distribution is 121,982,307 shares[49]. Financial Performance - The company's operating revenue for 2022 was ¥2,668,280,651.85, representing a 60.47% increase compared to ¥1,662,741,729.95 in 2021[25]. - The net profit attributable to shareholders for 2022 was ¥132,499,262.16, a 56.16% increase from ¥84,850,015.60 in 2021[25]. - The net profit after deducting non-recurring gains and losses was ¥114,717,693.42, which is a 5.89% increase from ¥108,338,590.32 in 2021[25]. - The total assets at the end of 2022 reached ¥3,709,807,017.35, a 99.54% increase from ¥1,859,133,636.29 at the end of 2021[25]. - The net assets attributable to shareholders increased by 205.56% to ¥2,501,491,796.10 from ¥818,660,950.61 in 2021[25]. - The company achieved a revenue of CNY 2.671 billion in 2022, representing a year-on-year growth of 60.65%[51]. - The net profit attributable to shareholders was CNY 135 million, an increase of 59.21% compared to the previous year[51]. - Total assets reached CNY 3.710 billion, up 99.58% year-on-year, while equity attributable to shareholders increased by 205.88% to CNY 2.504 billion[51]. - The lithium battery segment accounted for 91.33% of total revenue, with sales of CNY 2.437 billion, reflecting a growth of 48.62%[60]. Market Trends and Industry Insights - In 2022, global sales of new energy vehicles exceeded 10.82 million units, a year-on-year increase of nearly 62%[35]. - The global lithium-ion battery shipment volume reached 957.7 GWh in 2022, representing a 70.3% year-on-year growth[36]. - The market penetration rate of new energy vehicles in China increased from 14% in 2021 to 26% in 2022[35]. - The company operates in the lithium-ion battery cathode material sector, which is crucial for the rapidly growing electric vehicle and energy storage markets[35]. - The company primarily engages in the research, production, and sales of lithium battery ternary materials and their precursors, focusing on high energy density and stable structure applications in electric vehicles and related fields[37]. Research and Development - The company is actively involved in the research and development of new products and technologies in the lithium battery field[4]. - Research and development expenses increased by 27.96% to 84,201,725.25 yuan due to increased investment in R&D[72]. - The company has completed the development of high-nickel low-cobalt multi-crystal materials, achieving a performance of 193mAh/g and a cycle life of 1200s, which enhances its market share in the electric vehicle and high-end 3C digital sectors[73]. - The company is focusing on the development of lithium-ion battery recycling technologies, aiming to improve resource recovery rates and enhance its position in the lithium resource recycling industry[74]. - The company has initiated the production of new products aimed at electric tools, which will help meet diverse customer needs and reduce production costs[74]. Operational Challenges and Risks - The company reported a negative cash flow from operating activities of ¥927,268,946.73, a significant decline of 543.32% compared to -¥144,136,992.89 in 2021[25]. - The company faces risks related to project construction delays, management challenges due to scale expansion, and fluctuations in raw material prices[108][110][112]. - The company anticipates potential downward pressure on gross margins due to rising raw material costs and increased competition in the lithium battery market[113][114]. Governance and Compliance - The company emphasizes compliance with disclosure requirements related to the lithium-ion battery industry chain[4]. - The company has established a governance structure that complies with relevant laws and regulations, enhancing its governance level and ensuring investor protection[118]. - The board of directors consists of 9 members, including 3 independent directors, and has established specialized committees to ensure compliance and effective oversight[120]. - The company emphasizes information disclosure, adhering to regulations and maintaining transparency in communications with investors[123]. Environmental Responsibility - The company strictly adhered to various environmental protection laws and standards, including the "Environmental Protection Law of the People's Republic of China" and the "Air Pollution Prevention and Control Law" during its operations[182]. - The company implemented measures to reduce carbon emissions, aligning with national "dual carbon" goals, including the establishment of an energy management system based on ISO 50001 standards[187]. - The company reported no administrative penalties due to environmental issues during the reporting period[190]. Employee Welfare and Remuneration - The total remuneration paid to directors, supervisors, and senior management in 2022 amounted to 3.3058 million yuan, including 180,000 yuan for independent directors' allowances[155]. - The company has established a performance-oriented compensation system to enhance employee motivation and align with industry salary levels[167]. - The total number of employees at the end of the reporting period was 618, with 372 in the parent company and 246 in major subsidiaries[166]. Future Outlook and Strategic Initiatives - The company plans to invest in new technologies and product development to stay competitive in the lithium energy market[135]. - The company has set a future outlook with a revenue target of 2 billion yuan for 2023, aiming for a growth rate of 33%[146]. - The company is expanding its market presence, with plans to enter Southeast Asia by Q3 2023, targeting a market share of 10% within the first year[146]. - The company is expected to apply for financing from financial institutions for the year 2023[160].

Financial Performance - The company's revenue for Q3 2022 reached ¥501,383,859.41, representing a 27.28% increase year-over-year, and a total revenue of ¥1,939,412,529.94 for the year-to-date, up 75.93% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥44,183,428.54, a significant increase of 265.20% year-over-year, with a year-to-date net profit of ¥157,580,232.52, up 290.34%[5]. - The basic earnings per share for Q3 2022 was ¥0.43, reflecting a 248.28% increase year-over-year, while the diluted earnings per share also stood at ¥0.43[5]. - Total operating revenue for Q3 2022 reached CNY 1,939,412,529.94, a significant increase of 76% compared to CNY 1,102,404,412.20 in the same period last year[23]. - Net profit for Q3 2022 was CNY 157,580,232.52, compared to CNY 40,370,268.73 in Q3 2021, marking a growth of 290%[24]. - Basic and diluted earnings per share for the period were both CNY 1.66, up from CNY 0.44 in the previous year[25]. - The total comprehensive income for the period was CNY 157,580,232.52, compared to CNY 40,370,268.73 in the same quarter last year[25]. Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥3,720,619,224.79, a 100.13% increase from the end of the previous year[5]. - Total assets increased to CNY 3,720,619,224.79, compared to CNY 1,859,133,636.29 at the end of the previous year, indicating a growth of 100%[21]. - The company's total liabilities increased, with short-term borrowings rising to ¥408,500,000.00, an 86.08% increase, primarily to supplement working capital[9]. - Total liabilities rose to CNY 1,194,046,458.33, up from CNY 1,040,472,685.68, representing a 15% increase[21]. - The company's equity attributable to shareholders increased to ¥2,526,572,766.46, a 208.62% rise compared to the previous year-end[5]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥501,732,510.08 year-to-date, indicating a significant decline of 561.51%[5]. - The net cash flow from operating activities was negative CNY 501.73 million, a significant increase in loss of 561.51% compared to a loss of CNY 75.85 million in the previous year, attributed to substantial price increases in raw materials[13]. - Operating cash inflow for the current period reached ¥506,211,341.19, a significant increase from ¥190,765,512.14 in the previous period, reflecting a growth of approximately 165.5%[26]. - The net cash flow from financing activities surged to CNY 1.95 billion, a 2397.15% increase from CNY 78.21 million, primarily due to the company's initial public offering and increased borrowings[13]. - Total cash inflow from financing activities was ¥2,356,252,290.18, a significant rise from ¥161,736,639.58 in the previous period[27]. - The net cash flow from financing activities was ¥1,953,129,382.44, compared to ¥78,214,203.04 in the previous period, indicating strong financing support[27]. - The net increase in cash and cash equivalents for the current period was ¥1,340,061,963.05, contrasting with a decrease of -¥38,624,126.92 in the previous period[27]. - The ending balance of cash and cash equivalents stood at ¥1,347,193,666.50, up from ¥7,513,147.54 in the previous period[27]. Expenses and Investments - Operating costs increased to approximately CNY 1.66 billion, up 74.72% from CNY 950.64 million in 2021, mainly due to rising raw material prices[12]. - Research and development expenses rose by 34.53% to CNY 52.26 million, reflecting increased investment in R&D activities[12]. - Research and development expenses for the quarter were CNY 52,256,101.09, an increase from CNY 38,844,020.01, indicating a 34% rise[23]. - The company reported a significant increase in tax expenses, which rose by 424.37% to CNY 16.84 million, driven by higher profits[12]. - The company reported a cash outflow of ¥720,427,714.30 for purchasing goods and services, significantly higher than ¥143,048,618.21 in the previous period[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,119, with no preferred shareholders[15]. - The top three shareholders, Wang Ruiqing, Li Xuan, and Li Wen, collectively hold 38.44% of the company's shares, with Wang Ruiqing holding 18.76%[16]. IPO and Non-Operating Income - The company successfully completed its initial public offering on August 29, 2022, following approval from the China Securities Regulatory Commission[17]. - The company received a disaster recovery subsidy of CNY 3.21 million, contributing to a 395.30% increase in non-operating income[12].