SDWH(SH:600241)2022-04-21 16:00Financial Performance - The company reported a net profit attributable to shareholders of -¥13,382,430 for 2021, compared to -¥28,092,755.90 in 2020, indicating an improvement in losses[6]. - Total revenue for 2021 was ¥780,855,817.67, representing a 51.36% increase from ¥515,890,198.71 in 2020[21]. - The net cash flow from operating activities was ¥278,043,738.14, a significant recovery from -¥49,083,749.72 in the previous year[21]. - The basic earnings per share for 2021 was -¥0.05, an improvement from -¥0.10 in 2020[22]. - The weighted average return on equity improved to -1.35% in 2021 from -2.91% in 2020[22]. - The company recorded a net profit attributable to shareholders of the parent company at a loss of 13.38 million RMB, an improvement of 14.71 million RMB compared to the previous year[29]. - The company reported a net profit reduction of ¥51,821,009.19 due to investment losses and impairment losses[51]. - The company reported a net profit of 5.74 million yuan from its lithium battery subsidiary, indicating strong performance in this segment[15]. - The company reported a comprehensive loss of ¥13,382,430.00 for the year 2021, compared to a loss of ¥28,092,755.90 in 2020, indicating an improvement in financial performance[194]. Revenue and Growth - The company achieved operating revenue of 780.86 million RMB in 2021, representing a year-on-year growth of 51.36% due to strong demand for lithium batteries and increased order volume[29]. - The lithium-ion battery segment generated revenue of 504.10 million RMB, a significant increase of 218.13%, and turned a profit with a net profit of 57.44 million RMB[30]. - The nickel-hydrogen battery segment reported revenue of 272.04 million RMB, a year-on-year increase of 4.85%, but net profit declined by approximately 40.48% to 19.63 million RMB[30]. - The company achieved a total revenue of 780.86 million RMB, representing a year-on-year increase of 51.36%[39]. - Jiuyi Lithium Energy's revenue reached 504.10 million RMB, a significant increase of 218.13% year-on-year, with a net profit of 57.44 million RMB[34]. - Jiuyi Energy's revenue was 272.04 million RMB, showing a year-on-year increase of 4.85%, but net profit decreased by approximately 40.48% to 19.63 million RMB[35]. Assets and Liabilities - The company's total assets increased by 10.10% to ¥1,368,349,122.92 at the end of 2021, up from ¥1,242,841,721.98 in 2020[21]. - The net assets attributable to shareholders at the end of 2021 were ¥993,995,610.80, a slight decrease of 0.37% from ¥997,721,192.95 in 2020[21]. - The total liabilities increased, with short-term borrowings at ¥132,435,121.78, reflecting a significant change in the financial structure[53]. - The total equity attributable to shareholders decreased to CNY 993,995,610.80 in 2021 from CNY 997,721,192.95 in 2020, a slight decline of about 0.3%[171]. - Total assets increased to CNY 1,368,349,122.92 as of December 31, 2021, up from CNY 1,242,841,721.98 in 2020, representing a growth of approximately 10.1%[169]. Research and Development - The company invested 31.40 million RMB in R&D, which is a 46.26% increase compared to the previous year[39]. - The company has a total of 122 R&D personnel, accounting for 12.26% of the total workforce[49]. - Research and development expenses increased to ¥31,402,078.57, representing a 46.3% rise from ¥21,470,042.16 in the previous year[177]. Risk Management and Strategy - The company plans to focus on risk management and has outlined potential risks in its future development strategies[8]. - The company has identified risks related to limited production capacity and rising raw material prices, which could impact operational performance[62]. - The company has established a strategy of "industry + capital" for high-quality expansion and aims to increase market share in niche segments[61]. - The company plans to continue product development and market expansion in the lithium-ion battery sector, leveraging its existing production capacity[31]. Governance and Management - The company has made significant investments in enhancing its governance structure to comply with regulatory requirements[65]. - The company has conducted four shareholder meetings in the reporting period, all of which passed the proposed resolutions[67]. - The total pre-tax compensation for senior management during the reporting period amounted to 4.1322 million yuan[69]. - The company has been expanding its management team with experienced professionals from various sectors, including finance and real estate[71]. - The management team includes individuals with extensive backgrounds in accounting and investment management, enhancing the company's strategic capabilities[74]. Legal and Compliance - The company has not faced any penalties from securities regulatory authorities in the past three years[78]. - The company has not engaged in any violations regarding guarantees during the reporting period[109]. - The company has ongoing litigation with multiple creditors, including a claim from Guangfa Bank Dalian Branch for 45,236,531.26 RMB, which includes 45 million RMB in principal and interest[125]. - The company faced a lawsuit from Industrial Bank Dalian Branch for overdue payments amounting to 30 million RMB, with a total claim of 30,167,687.50 RMB including interest and legal fees[125]. Cash Flow and Liquidity - The cash and cash equivalents increased to ¥426,894,234.69, representing 31.20% of total assets, a 90.98% increase from the previous year[52]. - The company reported a significant increase in sales cash receipts, totaling 731,774,513.13 RMB in 2021, compared to 460,450,567.38 RMB in 2020, marking a growth of approximately 58.8%[186]. - The cash flow from operating activities generated a net amount of 278,043,738.14 RMB in 2021, a recovery from a negative cash flow of -49,083,749.72 RMB in 2020[186]. - The cash flow from investing activities showed a net inflow of 40,598,889.70 RMB in 2021, recovering from a net outflow of -7,637,463.40 RMB in 2020, indicating improved investment management[187]. Related Party Transactions - The company reported a total of 379.20 million RMB in related party transactions for the year, with no significant discrepancies from market prices[128]. - The company has engaged in property leasing transactions with related parties, with a total of 126.10 million RMB in rental payments made[128]. - The company has a total of 65.00 million RMB in rental agreements with its wholly-owned subsidiary, with all transactions priced at market rates[128]. Future Outlook - The company aims for a revenue target of 845 million yuan and a cost of 650 million yuan for 2022, with an expected operating profit[62]. - The lithium-ion battery market is experiencing accelerated penetration in cordless power tools, wireless vacuum cleaners, and electric bicycles, with significant growth potential in the domestic market[60]. - The company plans to enhance production efficiency and product quality while managing rising raw material costs through long-term agreements with suppliers[63].