Company Overview - Zhejiang Tianhong Lithium Battery Co., Ltd. was listed on the Beijing Stock Exchange on January 19, 2023[5]. - The company has no controlling shareholder, with actual controllers being Du Weiyun, Zhou Xinfang, Zhou Zhiwei, and Qian Xu[23]. - The total share capital of the company is 102,650,665 shares[23]. - The registered capital of the company is 102,650,665 RMB[24]. - The company has 7,387 shareholders, with the top ten shareholders holding a combined 63.50% of the total shares[132]. Financial Performance - The company's operating revenue for 2023 was ¥287,473,342.85, a decrease of 18.80% compared to ¥354,032,876.11 in 2022[30]. - The net profit attributable to shareholders for 2023 was ¥11,790,520.57, down 63.47% from ¥32,272,964.56 in 2022[30]. - The gross profit margin decreased to 10.94% in 2023 from 16.01% in 2022[30]. - Total assets increased by 46.97% to ¥377,464,060.92 at the end of 2023, compared to ¥256,832,349.66 at the end of 2022[31]. - The company's net assets attributable to shareholders rose by 82.36% to ¥260,318,812.60 in 2023 from ¥142,750,435.41 in 2022[31]. - The current ratio improved to 2.83 in 2023, up 42.21% from 1.99 in 2022[31]. - The net cash flow from operating activities was ¥8,118,271.63 in 2023, a significant increase of 128.05% compared to -¥28,946,740.18 in 2022[31]. - The basic earnings per share decreased by 70.00% to ¥0.12 in 2023 from ¥0.40 in 2022[30]. - The company reported a significant increase in total share capital from 57,081,006 shares to 102,650,665 shares after issuing 21,881,044 shares to unspecified qualified investors[128]. Awards and Recognition - The company received the "2023 Annual Quality Award" from the Changxing County People's Government[6]. - The company was recognized as one of the "Top 50 Industrial Enterprises" in Changxing County for 2023[7]. Research and Development - The company holds 22 domestic and international patents, including 5 invention patents, indicating a strong focus on innovation[42]. - Research and development expenses decreased by 14.25% to ¥10,748,903.46, indicating a reduction in investment in innovation[56]. - The total number of R&D personnel increased from 34 to 42, with R&D personnel accounting for 13.38% of the total workforce[86]. - The company has developed a new lithium battery module structure that improves overall battery performance, enhancing market competitiveness[89]. - The company has implemented measures in procurement management, product development, and production management to ensure quality control at critical points[176]. Market Expansion and Strategy - The company established subsidiaries in Indonesia, Germany, and a storage business, and acquired a 20% stake in Shenzhen Sanhe Energy to expand its market presence[46]. - The company plans to focus on small and medium-sized commercial energy storage products (215KWH-1000KWH) in 2024, anticipating increased demand due to price adjustments in peak and valley electricity[47]. - The company aims to maintain its revenue targets for 2024 by leveraging new product development and expanding its market presence, particularly through its subsidiaries in Indonesia and Germany[105]. - The company is actively developing new products and expanding into new markets to strengthen its competitive position[109]. Governance and Compliance - The company has implemented new accounting policies regarding deferred income tax liabilities and assets, effective from January 1, 2023, ensuring compliance with updated regulations[94]. - The company has established a comprehensive investor relations management system to ensure timely disclosure of information and protect shareholder rights[194]. - The company has not encountered any legal or regulatory violations during the reporting period, demonstrating sound governance practices[192]. - The independent directors accounted for more than one-third of the board members, and an internal audit department is in place[196]. Environmental and Safety Measures - The company has implemented effective environmental protection measures, ensuring compliance with legal standards and preventing pollution[174]. - The company’s production facilities are equipped to handle various pollutants, including air and water contaminants, with sufficient treatment capabilities[175]. - The company has established a safety testing room and performance testing room to ensure product quality and compliance with certifications such as TUVSUD, UL, and KC[176]. Employee and Management Information - The total number of employees increased from 253 to 314, with a net addition of 61 employees during the reporting period[157]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 2.0828 million yuan[156]. - The chairman and general manager, Du Weiyun, received a pre-tax remuneration of 262,900 yuan for the reporting period[152]. Future Outlook - The company expects new development opportunities in 2024 as the industry undergoes a reshuffle following inventory clearance[51]. - The global demand for lithium batteries is expected to continue growing, particularly in electric vehicles and energy storage sectors, with 2024 being identified as a pivotal year for commercial energy storage[100]. - The company is committed to improving its governance and internal controls to enhance information disclosure quality and provide good returns to shareholders[106].
天宏锂电(873152) - 2023 Q4 - 年度财报