XFH(SZ:300890)2023-04-27 16:00Financial Performance - The company's operating revenue for 2021 was CNY 1,118,240,808.36, representing a year-on-year increase of 168.78%[25]. - The net profit attributable to shareholders for 2021 was CNY 99,839,401.25, up 119.65% compared to the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 102,656,735.43, an increase of 206.95% year-on-year[25]. - The basic earnings per share for 2021 was CNY 0.9984, reflecting a growth of 78.48% from the previous year[25]. - The total assets at the end of 2021 amounted to CNY 2,361,367,621.93, a 51.72% increase from the end of 2020[25]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,146,806,096.99, up 12.02% from the previous year[25]. - The company reported a net cash flow from operating activities of CNY 24,393,911.89, which is a 16.57% increase compared to 2020[25]. - In Q4 2021, the operating revenue reached CNY 428,272,317.46, contributing significantly to the annual growth[28]. - The company experienced a significant increase in sales volume and revenue due to the rising demand in the new energy sector[25]. - The gross profit margin for lithium battery materials was 26.11%, showing a decrease of 2.66% from the previous year[54]. Market and Product Development - The company is focused on expanding its market presence and enhancing its product offerings to meet the growing demand in the lithium-ion battery sector[9]. - The company aims to strengthen its position in the new carbon materials industry, focusing on the development of silicon-carbon anodes and graphene[40]. - The company is actively expanding into international markets, engaging with major battery manufacturers in South Korea and Japan[48]. - The company is committed to improving management levels and operational efficiency to better navigate market challenges and opportunities[6]. - The company aims to continuously improve its technological innovation capabilities to develop more competitive products in response to increasing market competition[9]. - The company is developing high-capacity silicon-carbon anode materials with a target capacity exceeding 450mAh/g and first-cycle efficiency above 85%[66]. - The company is focusing on low-cost, high-energy-density artificial graphite anodes, targeting a specific capacity greater than 350mAh/g and a real density of at least 1.60 g/cm3[66]. - The company is conducting research on high-power artificial graphite anode materials, aiming to meet the requirements for electric vehicles and achieve industry-leading technical indicators[66]. Supply Chain and Production - The company has established a stable supply chain for graphite processing through long-term collaborations with processing vendors[8]. - The company has implemented strategies to stabilize product gross margins, including expanding high-value product sales and improving procurement strategies to reduce raw material costs[9]. - The company's graphite anode material production capacity utilization rate was 111.63%, indicating a strong demand exceeding production capacity[55]. - The total operating costs for the main business increased by 184.45% to CNY 823,906,968.29, driven by higher sales volume and increased processing fees due to supply constraints[59]. - The company has a stable customer base, including major clients like LG Energy and BYD, which supports ongoing product development and capacity expansion[48]. Research and Development - The company has established a comprehensive R&D structure, including multiple specialized centers for the development of lithium battery anode materials[41]. - The company has 49 invention patents and 8 utility model patents, with ongoing applications for 37 additional patents[46]. - The company’s R&D investment amounted to ¥40,504,216.66 in 2021, representing 3.62% of operating revenue[68]. - The number of R&D personnel increased by 24% from 75 in 2020 to 93 in 2021[68]. - The company is enhancing its R&D efforts, focusing on high-performance natural graphite anodes and new materials like graphene and silicon-carbon composites[110]. Governance and Compliance - The company has improved its governance structure, enhancing its governance capabilities and completing a self-inspection report and rectification plan[117]. - The company has developed and implemented various governance documents to clarify the responsibilities of different governance bodies, strengthening insider information management and investor communication[118]. - The company has maintained a high level of transparency, disclosing 128 announcements and responding to over 400 investor inquiries during the reporting period[120]. - The company emphasizes strict adherence to safety production laws and regulations, prioritizing employee health and safety[113]. - The company has established a robust contract management system in place, ensuring compliance and protection of its legal rights[169]. Environmental and Social Responsibility - The company has implemented effective environmental protection measures, including the installation of ventilation, dust removal, and smoke elimination equipment in its facilities[114]. - The company has engaged in carbon reduction initiatives by signing agreements with state-owned forest farms to plant carbon forests[114]. - The company actively participates in social welfare activities, including providing scholarships and donations totaling 1.96 million yuan for educational support[188]. - The company has not experienced any major safety or environmental incidents throughout the year, ensuring normal production operations[187]. - The company promotes a green office concept, encouraging practices such as paper recycling and energy conservation among employees[187]. Future Outlook and Strategy - The company plans to maintain its current dividend policy, opting not to distribute cash dividends or issue bonus shares[10]. - The company aims to achieve a specific capacity greater than 355mAh/g for high-energy-density artificial graphite anodes, with a low-temperature charging capability of -20 degrees Celsius[66]. - The company plans to establish a new subsidiary in Pengxi County with an annual production capacity of 60,000 tons for graphite anode materials[103]. - The company intends to implement a strategy focusing on internationalization and major clients, particularly in the rapidly growing European electric vehicle market[112]. - The company plans to accelerate project construction to expand production capacity and reduce manufacturing costs in 2022[111].