NBYS(SH:600366)2023-04-21 16:00Financial Performance - The company's operating revenue for 2022 was CNY 6,409,378,888.29, representing a 70.74% increase compared to CNY 3,753,956,786.41 in 2021[26] - The net profit attributable to shareholders of the listed company decreased by 31.37% to CNY 355,690,304.17 from CNY 518,245,359.16 in the previous year[26] - The net cash flow from operating activities was negative at CNY -1,155,147,529.95, compared to CNY -996,053,349.65 in 2021, indicating a worsening cash flow situation[26] - Basic earnings per share decreased by 32.39% to CNY 0.3600 in 2022, down from CNY 0.5325 in 2021[28] - The weighted average return on net assets decreased by 4.28 percentage points to 6.97% in 2022, compared to 11.25% in 2021[28] - The company reported a net profit after deducting non-recurring gains and losses of CNY 381,585,320.60, which is a 7.29% increase from CNY 355,667,898.13 in 2021[26] Assets and Liabilities - The total assets of the company increased by 33.10% to CNY 9,694,262,592.62 at the end of 2022, up from CNY 7,283,530,163.98 at the end of 2021[27] - The net assets attributable to shareholders of the listed company rose by 26.10% to CNY 6,123,987,864.73 from CNY 4,856,346,304.11 in the previous year[27] - The company's accounts receivable increased by 88.90% to CNY 1.90 billion, attributed to business growth[67] - The total amount of guarantees provided by the company (excluding subsidiaries) at the end of the reporting period is 44,304.20 million RMB, which accounts for 7.22% of the company's net assets[172] Revenue by Sector - In 2022, the company achieved sales revenue of approximately 1.473 billion CNY in the new energy vehicle sector, representing a year-on-year growth of about 242%[42] - Sales revenue in the consumer electronics sector reached approximately 1.784 billion CNY, reflecting a year-on-year increase of about 27%[43] - In the industrial and other applications sector, sales revenue amounted to approximately 2.167 billion CNY, showing a year-on-year growth of about 42%[43] Production and Capacity - The company has established a production capacity of 21,000 tons/year for neodymium-iron-boron raw materials and 10,000 tons/year for grain boundary diffusion by the end of 2022[36] - The company plans to expand its production capacity to 36,000 tons of high-performance neodymium iron boron by mid-2025, up from the current capacity of 21,000 tons[48] - The company produced 10,138 tons of neodymium iron boron products, with a sales volume of 9,614 tons, reflecting a production increase of 24.42% year-on-year[55] Research and Development - The company authorized 9 invention patents in 2022, including 1 U.S. patent, and participated in 5 national key R&D projects[35] - Research and development expenses increased by 73.84% to CNY 401,359,244.56, indicating a strong commitment to innovation[50] - The number of R&D personnel was 428, making up 12.86% of the total workforce[62] Environmental and Social Responsibility - The company invested approximately 15.6 million yuan in environmental protection during the reporting period, primarily for wastewater, solid waste disposal, and the purchase and maintenance of environmental protection equipment[134] - The company achieved a 100% compliance rate for emissions during the reporting period, with total emissions of COD at 11.7 tons and NH3-N at 2.9 tons[134] - The company established a charity fund with a total investment of 600,000 yuan to support local families in need and various public welfare projects, benefiting around 2,000 people[143] Corporate Governance - The board of directors consists of 7 members, including 3 independent directors with expertise in materials, law, and finance, ensuring compliance with legal requirements[89] - The company has implemented measures to enhance corporate governance, including the establishment of internal control norms and regular board meetings[88] - The company has not reported any significant deficiencies in internal control during the reporting period[128] Shareholder Information - The company plans to distribute a cash dividend of CNY 1 per 10 shares to all shareholders based on a total share base of 1,099,081,051 shares[6] - The total cash dividend amount, including share repurchase, reached 207,156,662.14 RMB, which accounts for 58.24% of the net profit attributable to ordinary shareholders in the consolidated financial statements[120] - The total number of shares held by the chairman increased to 1,620,000, reflecting a stable leadership commitment[94] Market Risks - The company faces risks from fluctuations in rare earth material prices, which could significantly impact operational performance if prices change drastically[84] - Global trade protectionism poses a risk to the company's export business, particularly if developed countries impose unfavorable trade policies on Chinese rare earth products[85] - The company is exposed to foreign exchange risks due to overseas business transactions typically settled in USD or EUR, which could lead to exchange losses[86]