NBSS(SH:600884)2016-04-14 16:00Financial Performance - The company's net profit for 2015 was CNY 552,167,207.60, with a total distributable profit of CNY 1,260,418,301.66 after accounting for retained earnings and legal reserves[5]. - The company's operating revenue for 2015 was approximately ¥4.30 billion, representing a year-on-year increase of 17.58% compared to ¥3.66 billion in 2014[21]. - Net profit attributable to shareholders increased by 90.81% year-on-year to approximately ¥664.81 million, up from ¥348.42 million in 2014[21]. - Basic earnings per share rose to ¥1.618, a 90.81% increase from ¥0.848 in 2014[22]. - The weighted average return on equity increased by 5.37 percentage points to 14.71% from 9.34% in 2014[22]. - The net profit after deducting non-recurring gains and losses increased by 62.77% year-on-year, primarily due to a significant rise in the profitability of the cathode material business[23]. - The company achieved a net profit attributable to shareholders of 664.81 million RMB, representing a year-on-year growth of 90.81%, primarily due to investment gains from the sale of Ningbo Bank shares[173]. Profit Distribution - The proposed profit distribution plan includes a stock dividend of 8 shares for every 10 shares held and a cash dividend of CNY 1.75 per share (tax included)[5]. - The company proposed a cash dividend of 1.75 RMB per 10 shares for 2015, totaling 98,241,936.28 RMB, which represents 14.78% of the net profit attributable to shareholders[198]. - The company has maintained a cash dividend policy that requires annual distributions to be at least 10% of the current year's distributable profit and cumulative distributions over the last three years to be no less than 30% of the average distributable profit[200]. - The board of directors approved the profit distribution plan after independent directors provided their opinions, ensuring compliance with the company's operational situation[196]. Assets and Liabilities - The company's total assets at the end of 2015 were approximately ¥10.20 billion, an increase of 11.26% from ¥9.17 billion at the end of 2014[21]. - The company reported a capital reserve of CNY 503,972,330.64, with a share premium of CNY 454,309,461.13 as of December 31, 2015[5]. - The company's total external investment in 2015 was CNY 1,863,490,485.89, representing a significant increase of 206.65% compared to the previous year[145]. - The company's prepaid accounts increased by 57.84% to CNY 234,438,151.17 compared to the previous year[112]. - The company's construction in progress rose by 146.51% to CNY 377,108,358.31, reflecting increased investment in new energy vehicle projects[112]. Business Operations - The company is optimizing its traditional business model and launching new business strategies to enhance brand value and product offerings[30]. - The company has established a comprehensive product system in lithium battery materials, with the largest production scale globally[59]. - The company has expanded into the new energy vehicle sector, achieving sales revenue from battery modules and charging station operations in 2015[42][43]. - The company is actively pursuing mergers and acquisitions to strengthen its lithium battery materials industry and enhance its competitive edge in the market[176]. Market Trends - The lithium battery materials market is expected to grow significantly due to increasing demand from consumer electronics and electric vehicles, with a focus on high-performance materials and cost-sensitive applications[40][41]. - In 2015, China's new energy vehicle production reached 379,000 units, a year-on-year increase of 400%[47]. - The production of pure electric passenger vehicles was 142,800 units, up 300% year-on-year, while plug-in hybrid passenger vehicles reached 63,600 units, also up 300%[47]. - The cumulative installed capacity of China's energy storage market reached 21.9 GW by the end of 2015, with significant growth potential in the sector[160]. Research and Development - Research and development expenses rose by 79.41% to ¥8,023,318.88, reflecting increased investment in lithium battery materials and new energy vehicle sectors[87][88]. - The company introduced 22 new patents and was granted 6 patents during the year, focusing on new product development in the 3C, power, and fast-charging sectors[73]. - The company maintained a focus on product development, with multiple new lithium battery materials entering mass production[106]. Risk Management - The company has outlined potential risks in its future development strategy, which investors should be aware of[6]. - The company is committed to improving its risk control standards and enhancing management efficiency in its financial services, including factoring and leasing businesses[178]. Strategic Investments - The company completed a non-public offering of A-shares, raising a net amount of approximately 3.43 billion yuan to invest in lithium-ion battery projects and enhance core competitiveness[82]. - The company plans to invest approximately $121.92 million in a project to produce 35,000 tons of lithium-ion battery materials annually[185]. - The company plans to establish a flexible production line for automotive power batteries with an annual capacity of 15,000 to 20,000 sets, expected to commence production in the second half of 2016[177].