NBSS(SH:600884)2023-04-19 16:00Financial Performance - The company achieved operating revenue of CNY 21,701,617,268.32 in 2022, representing a year-on-year increase of 4.84%[25]. - The net profit attributable to shareholders was CNY 2,691,262,599.60, a decrease of 19.42% compared to the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,328,894,845.78, an increase of 23.53% year-on-year[25]. - The company's total assets reached CNY 44,925,491,219.31 at the end of 2022, reflecting an 11.51% increase from the previous year[25]. - The weighted average return on equity decreased to 12.93%, down 10.82 percentage points from the previous year[26]. - The company’s cash flow from operating activities was CNY 506,497,694.79, a notable recovery from a negative cash flow in the previous year[25]. - The company’s net assets attributable to shareholders increased by 21.79% to CNY 23,053,341,900.80 by the end of 2022[25]. - The company reported a significant increase in shipment volume for its anode materials, driven by the booming demand in the new energy vehicle and energy storage markets[33]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 671,354,367.30 (including tax) based on 2,237,847,891 shares available for distribution[5]. - As of December 31, 2022, the company's distributable profit was RMB 3,450,687,783.57[5]. - The company has no plans for capital reserve conversion into share capital for the year 2022[5]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies[7]. - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[10]. - There are no violations of decision-making procedures regarding external guarantees[9]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity and completeness of the annual report[9]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[8]. Research and Development - The company has made significant progress in R&D, with over 30 new patents registered and new products such as OLED polarizers undergoing customer certification[42]. - The company’s R&D expenses increased by 33.11% to CNY 952.57 million, reflecting a focus on enhancing product innovation in the polarizer business[91]. - The company holds over 1,000 technology patents and has more than 20 years of experience in the polarizer field, establishing itself as a global leader in this sector[70]. - The company is in the product certification phase for POLED polarizer development, aiming to enrich product applications[113]. Market Position and Strategy - The company aims to become a global leader in both lithium battery anode materials and polarizer markets, leveraging over 20 years of experience in lithium battery materials[55]. - The company plans to expand its silicon-based anode capacity in Ningbo, with a planned capacity of 40,000 tons, and the first phase of 10,000 tons is under construction, expected to start trial production in early 2024[37]. - The company has established strategic partnerships with major global lithium battery manufacturers, with the sales proportion from the top ten customers further increasing[62]. - The company is accelerating the construction of integrated production bases in Sichuan and Yunnan to enhance its graphite self-sufficiency rate and reduce outsourcing[63]. Production and Capacity - The company has completed a capacity layout of approximately 700,000 tons of anode materials by the end of 2022, with 200,000 tons already in production[62]. - The company is actively constructing new production lines for polarizers, with one line in Guangzhou already in mass production and others in various stages of construction and certification[44]. - The company has achieved mass production of long-cycle products (340/350) in the energy storage sector and is accelerating the development of third and fourth generation silicon-based anode materials[155]. Corporate Governance - The company held six shareholder meetings during the reporting period, ensuring compliance with the Company Law and Articles of Association[175]. - The company maintains a "three separations and two independents" approach with its controlling shareholder, ensuring independent operations of the board, supervisory board, and management[176]. - The board of directors strictly adheres to legal and regulatory requirements, with a well-defined structure and responsibilities[177]. - The supervisory board effectively monitors the company's operations and financial status, ensuring compliance and protecting shareholder rights[178]. Shareholder and Management Changes - The company reported the resignation of former chairman Zheng Yonggang due to illness on February 10, 2023[192]. - Zheng Ju was elected as the new chairman of the board on March 23, 2023[192]. - The total number of shares held by the board members increased from 10,943,017 at the beginning of the year to 21,992,517 at the end of the year, representing an increase of 100%[188]. - The company plans to continue its stock option incentive program to motivate and retain key personnel[190]. Future Outlook - The company anticipates continued growth in the lithium battery materials industry, driven by the global push for carbon neutrality and increasing demand in the new energy vehicle and energy storage markets[50]. - The global anode material industry is projected to grow rapidly, driven by the booming downstream new energy vehicle and energy storage industries, with a shipment volume expected to increase by over 4.5 times compared to 2021[147]. - The company is focused on continuous upgrades and innovations in manufacturing processes to improve operational efficiency and reduce costs[157].