VEKEN TECHNOLOGY(SH:600152)2023-04-17 16:00Financial Performance - In 2022, the net profit attributable to the parent company was -104,899,446.55 CNY, and the consolidated undistributed profit was -254,229,300.50 CNY[5]. - The net profit for the parent company was -27,546,897.98 CNY, with undistributed profits of 307,854,959.23 CNY[5]. - The company's operating revenue for 2022 was CNY 2,325,154,378.19, representing a 12.03% increase compared to CNY 2,075,438,208.29 in 2021[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 104,899,446.55 in 2022, an improvement from a loss of CNY 127,176,282.86 in 2021[21]. - The cash flow from operating activities for 2022 was CNY 281,036,354.21, a significant recovery from a negative cash flow of CNY 235,772,360.91 in 2021[21]. - The total assets decreased to CNY 3,491,894,319.58 at the end of 2022, down 13.42% from CNY 4,033,254,016.35 at the end of 2021[21]. - The basic earnings per share for 2022 was -0.1998, an improvement from -0.2829 in 2021[22]. - The weighted average return on equity increased to -5.43% in 2022, up 2.3 percentage points from -7.73% in 2021[22]. - The total non-recurring gains and losses for 2022 amounted to CNY 29,844,937.10, compared to CNY 33,985,546.38 in 2021[27]. - The company’s net assets attributable to shareholders decreased by 4.83% to CNY 1,890,021,731.31 at the end of 2022[21]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Zhonglian Accounting Firm[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[8]. - The report includes a risk statement regarding forward-looking statements, indicating potential investment risks[6]. - There are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. - All board members attended the board meeting, ensuring the authenticity and completeness of the annual report[8]. - The report outlines potential risks the company may face, detailed in the management discussion and analysis section[8]. Research and Development - The company has a total of 192 patents as of December 31, 2022, including 67 invention patents, 121 utility model patents, and 4 design patents[33]. - The company is focusing on R&D and has developed low-cost battery cell systems to reduce BOM costs, enhancing its competitive edge[33]. - Research and development expenses totaled CNY 77,814,581.62, accounting for 3.35% of total revenue[60]. - The company is committed to increasing R&D investment to strengthen its technological edge and product performance, particularly in sodium battery technology[84]. Market Strategy and Expansion - The company is expanding into the sodium battery market, investing CNY 200 million of unused fundraising into a 2GWh sodium-ion battery project[32]. - The company is focusing on expanding its market share in small power batteries, driven by the growing demand for electric two-wheelers and portable energy storage products[73]. - The company plans to deepen its layout in the small power lithium-ion battery sector while maintaining its core business in consumer electronics batteries[48]. - The company aims to transition its product structure from mid-range to high-end, enhancing market share and influence through R&D investments and targeting first-tier brand clients[81]. - The company plans to leverage sodium battery production to penetrate the rapidly growing energy storage market, capitalizing on the safety and cost-effectiveness of sodium batteries[83]. Corporate Governance - The company has established a dedicated investor relations management department to ensure timely communication with shareholders and investors[95]. - The board of supervisors consists of 3 shareholder supervisors and 2 employee supervisors, ensuring compliance with relevant laws and regulations[95]. - The company strictly adheres to information disclosure obligations as per the Securities Law and Shanghai Stock Exchange regulations[95]. - The company has implemented measures to maintain the independence of its assets, personnel, and operations from its controlling shareholders[96]. - The company is committed to improving its governance structure to promote sustainable and healthy development[95]. Financial Management - The company has engaged in low-risk financial investments to manage idle funds effectively[171]. - The company has consistently achieved returns on its financial investments, demonstrating effective capital management[171]. - The total amount of guarantees provided by the company during the reporting period (excluding guarantees to subsidiaries) was CNY 1,070,000,000[165]. - The total amount of guarantees at the end of the reporting period (excluding guarantees to subsidiaries) was CNY 830,000,000, accounting for 64.97% of the company's net assets[165]. - The company has provided guarantees to subsidiaries totaling CNY 1,031,000,000 during the reporting period[165]. Environmental and Social Responsibility - The company is committed to energy conservation and pollution reduction, aligning with national goals[135]. - The company has not disclosed a separate social responsibility report or ESG report[138]. - No environmental protection mechanisms were established, and no funds were allocated for environmental protection during the reporting period (0万元)[134]. - The company did not implement any carbon reduction measures, resulting in zero reduction in carbon emissions (0 tons)[136]. Shareholder and Stock Information - The total number of shares decreased from 525,480,527 to 524,904,562 due to the cancellation of 575,965 shares as part of performance compensation[178]. - The company repurchased and canceled 575,965 shares as part of a performance compensation agreement, impacting the total share count[177]. - The company’s total number of unrestricted shares increased to 490,646,814, representing 93.47% of total shares[176]. - The top ten shareholders include various investment funds, with the largest being Vico Holdings, followed by Ningbo Industrial Investment[186]. - The company has not experienced any changes in controlling shareholders during the reporting period[192].