YONGXING MATERIALS(002756)2023-03-20 16:00Financial Performance - The company's operating revenue for 2022 reached ¥15.58 billion, a 116.39% increase compared to ¥7.20 billion in 2021[17]. - Net profit attributable to shareholders was ¥6.32 billion, reflecting a significant increase of 612.42% from ¥887 million in the previous year[17]. - The net cash flow from operating activities was ¥6.65 billion, up 746.29% from ¥786 million in 2021[17]. - The basic earnings per share rose to ¥15.59, a 602.25% increase compared to ¥2.22 in 2021[17]. - The total assets at the end of 2022 amounted to ¥15.42 billion, representing a 142.15% increase from ¥6.37 billion at the end of 2021[17]. - The company reported a diluted earnings per share of ¥15.51, which is a 608.22% increase from ¥2.19 in 2021[17]. - The weighted average return on equity was 74.72%, up from 19.34% in the previous year[17]. - The company experienced a significant increase in net assets attributable to shareholders, which reached ¥12.28 billion, a 143.81% increase from ¥5.04 billion in 2021[17]. - In 2022, the company achieved a revenue of 15.579 billion yuan, representing a year-on-year growth of 116.39%[45]. - The net profit attributable to shareholders reached 6.32 billion yuan, a significant increase of 612.42% year-on-year[46]. Dividend Distribution - The company plans to distribute a cash dividend of 50 RMB (including tax) for every 10 shares, along with a bonus share issuance of 3 shares for every 10 shares held[2]. - The total profit distribution plan amounts to 414,693,493 RMB[4]. - The total distributable profit for the year is 2,340,464,893.93 RMB, with cash dividends accounting for 100% of the profit distribution[165]. - The cash dividend distribution policy prioritizes cash dividends, with a minimum of 20% of distributable profits allocated for cash dividends if there are no major capital expenditures[163]. - In mature stages without major capital expenditures, cash dividends should constitute at least 80% of the profit distribution[163]. - The company emphasizes the importance of stable and continuous profit distribution policies to ensure long-term sustainable development[163]. Business Operations - The company has a project for an annual production capacity of 10,000 tons of battery-grade lithium carbonate and another for 20,000 tons[8]. - The company is involved in the production of automotive high-pressure common rail and gas valve silver rods with an annual capacity of 20,000 tons[8]. - The company has established a lithium carbonate business covering mining, beneficiation, and processing, producing battery-grade lithium carbonate from its own lithium mica resources[26]. - The lithium-ion battery business focuses on ultra-wide temperature range, long life, fast charging and discharging, and high power batteries, with main products including 21Ah square aluminum shell batteries[26]. - The company has established stable partnerships with leading enterprises in the lithium-ion battery sector, ensuring sustainable development of its lithium battery business[34]. - The company has a lithium resource reserve of 492,252.13 thousand tons, with a confirmed Li2O content of ≥0.20% amounting to 410,007.97 thousand tons, ensuring stable raw material supply for lithium salt production[30]. Research and Development - Research and development expenses increased by 130.84% to CNY 514,936,649.84 in 2022, reflecting the company's commitment to enhancing R&D investment[65]. - The company has 32 patents related to lithium carbonate preparation, with 4 invention patents, achieving a mature production process for high-purity battery-grade lithium carbonate[32]. - The lithium-ion battery business has 7 patents, including 6 invention patents, focusing on technology innovation and process improvement[37]. - The company is currently developing ultra-pure stainless steel materials for semiconductor and nuclear power applications, addressing the urgent demand in these sectors[67]. - The company is actively developing new technologies in lithium extraction and processing to enhance product quality and reduce costs[124]. Market Trends and Strategy - The lithium battery energy storage market saw a shipment volume of 130 GWh in 2022, marking a 170% year-on-year growth[23]. - The production and sales of new energy vehicles in China reached 7.06 million and 6.89 million units respectively, with year-on-year growth rates of 96.90% and 93.45%[23]. - The company anticipates continued growth in the lithium battery new energy sector, supported by national policies promoting electric vehicles and energy storage[99]. - The company plans to enhance its lithium resource security and supply chain resilience to support the long-term development of the lithium battery new energy industry[100]. - The overall market outlook for lithium products remains strong, with anticipated growth rates of 20-25% annually over the next five years[124]. Environmental Responsibility - The company strictly adheres to environmental protection laws and standards, managing pollutants such as wastewater, waste gas, noise, and solid waste according to national and regional emission standards[177]. - The company has invested in pollution control facilities, including a pulse bag filter system and a waste acid recovery system, to ensure compliance with environmental standards[181]. - The company has committed to various environmental protection measures, including the use of clean energy since 2009, and continues to promote energy-saving improvements[183]. - The company has established a comprehensive emergency response plan for environmental incidents, which has been filed with the local ecological environment bureau[183]. - The company has reduced particulate matter emissions significantly in 2022 by maintaining its dust collection systems[181]. Corporate Governance - The board of directors consists of 9 members, including 6 non-independent directors and 3 independent directors, complying with legal requirements[127]. - The company has established a comprehensive internal control system, focusing on risk management and compliance with legal standards[129]. - The company maintains independence in assets, personnel, finance, institutions, and business operations, ensuring no violations by the controlling shareholder[131]. - The company has implemented a performance assessment mechanism for senior management, linked to the restricted stock incentive plan[170]. - The company emphasizes the importance of internal audit and supervision by independent directors to enhance governance levels[173].