DFD(002407)2023-03-22 16:00Financial Performance - The company achieved an operating revenue of CNY 1,235,800.61 million in 2022, representing a growth of 58.47% compared to 2021[32]. - The total profit for the year was CNY 228,103.44 million, with a net profit attributable to shareholders of CNY 194,803.86 million, resulting in a basic earnings per share of CNY 2.54[32]. - Total revenue for 2022 reached approximately 7.80 billion in 2021[33]. - Revenue from the industrial sector accounted for 82.09% of total revenue, increasing by 76.43% year-over-year[33]. - New materials revenue surged to approximately 10.48 billion, making up 84.82% of total revenue, with a 49.01% increase compared to the previous year[33]. - The company achieved a 100.66% increase in revenue from new energy batteries, reaching approximately 1.88 billion, representing 15.18% of total revenue[33]. - The company's operating revenue for the industrial sector reached ¥10,144,975,691.74, representing a year-on-year increase of 76.43%[64]. - The gross profit margin for the new materials segment was 38.36%, with a revenue increase of 91.85% compared to the previous year[64]. - The gross profit margin for the aluminum fluoride segment was 13.61%, with a revenue increase of 32.14%[64]. Research and Development - The company has filed 1,012 patents, with 729 granted, including 187 invention patents, showcasing its commitment to innovation[27]. - Research and development personnel increased by 86.52% to 1,259 in 2022, with a notable rise in the proportion of R&D staff to 15.90%[36]. - Research and development expenses amounted to ¥500,616,006.04, reflecting an increase of 89.86% due to heightened R&D efforts and new projects[70]. - The company is focusing on sodium-ion battery technology, with plans to accelerate industrialization as production costs decrease[19]. - The company is developing new organic electrolyte additives and solid electrolyte materials to enhance the performance of ion batteries, with ongoing experimental projects[82]. - The company's R&D investment increased to ¥500,980,223.02 in 2022, a rise of 46.43% compared to ¥342,137,319.53 in 2021[94]. - R&D investment as a percentage of operating revenue decreased to 4.05% in 2022 from 4.39% in 2021, reflecting a decline of 0.34%[94]. Production Capacity and Projects - The company has a production capacity of 55,000 tons/year for high-purity lithium hexafluorophosphate, with an 88% capacity utilization rate[24]. - The company is constructing a new project to produce 30,000 tons/year of ultra-pure lithium hexafluorophosphate, expected to enhance production capabilities[24]. - The company has developed a new generation of lithium bis(fluorosulfonyl)imide (LIFSI) technology, significantly reducing production costs, with a new project of 10,000 tons underway[13]. - The company is in the trial production phase for a high-performance battery system, aiming to enhance energy density and reliability[36]. - Development of a low-cost battery system is underway, targeting a cost reduction of over 10% without compromising performance[36]. - The company aims to enhance the production capacity of lithium hexafluorophosphate, targeting increased revenue and profitability through cost and technology advantages[82]. - The company plans to ensure the completion and production of 30,000 tons of electronic-grade hydrofluoric acid projects in 2023, while expanding its semiconductor market presence[82]. - The annual production capacity for high-performance anhydrous aluminum fluoride technology transformation project is set at 30,000 tons, with an investment of RMB 26 million and a progress rate of 56.95%[129]. - The annual production capacity for ultra-pure electronic-grade hydrofluoric acid project is also 30,000 tons, with an investment of RMB 35 million and a progress rate of 32.80%[129]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing its product offerings through ongoing R&D initiatives[70]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[197]. - The company aims to enhance its market leadership in aluminum fluoride and improve profitability through resource utilization and technological transformation[112]. - The company aims to maintain its leading position in lithium hexafluorophosphate, which is a key product in its first value curve, while exploring deep cooperation opportunities globally[113]. - The sodium-ion battery is positioned as a leading product, with the company adopting a "leading strategy" to achieve significant market presence in this new segment[115]. - The company is committed to expanding its high-end product capacity and enhancing brand influence in the electronic chemicals sector, which is seen as a new growth point[113]. - The company is actively exploring potential mergers and acquisitions to bolster its market position[180]. Financial Management and Risks - Cash and cash equivalents at the end of 2022 amounted to ¥3,684,280,082.72, representing 20.20% of total assets, an increase of 7.98% from the beginning of the year[77]. - The net cash flow from operating activities decreased by 11.24% year-on-year, primarily due to increased raw material procurement and invoice issuance[96]. - The net cash flow from investing activities grew by 97.09% year-on-year, attributed to increased investments in capacity expansion[96]. - The net cash flow from financing activities increased by ¥254,362.15 million year-on-year, mainly due to the rise in long-term borrowings[96]. - The company has faced risks related to raw material price fluctuations, particularly for lithium, nickel, and cobalt, which are critical for production[87]. - The company aims to enhance operational efficiency through improved production processes and strategic partnerships with raw material suppliers[87]. - The company faces management risks due to the rapid expansion of its scale and business, necessitating timely adjustments in management systems[139]. Corporate Governance - The company has a transparent performance evaluation and incentive mechanism for its management personnel, ensuring compliance with legal regulations[142]. - The company has established an independent and complete financial accounting system, enabling it to make independent financial decisions[149]. - The board of directors consists of 9 members, with a mix of current and former members, ensuring diverse governance[153]. - The company has a clear governance structure, operating independently from its controlling shareholders, ensuring compliance with laws and regulations[170]. - The company emphasizes the importance of protecting the rights of stakeholders and balancing interests among various parties[168]. - The company has a strong commitment to corporate governance, as evidenced by the approval of various governance-related proposals during shareholder meetings[175]. Employee and Management Changes - The total number of employees has increased by 10% compared to the previous year, reflecting the company's growth strategy[197]. - The total remuneration for senior management in 2022 amounted to approximately 104.16 million yuan[179]. - The total pre-tax remuneration for the board members amounted to 4,839.38 million CNY[194]. - The chairman, Li Shijiang, received a pre-tax remuneration of 591.85 million CNY[194]. - The company held six temporary shareholder meetings in 2022, with investor participation rates ranging from 17.84% to 19.25%[175]. - Each board member attended 7 shareholder meetings, with no absences reported[200].