Camel Group(SH:601311)2023-04-20 16:00Financial Performance - The net profit attributable to shareholders for 2022 was CNY 470,020,362.31, a decrease of 43.49% year-on-year[32]. - The basic earnings per share for 2022 was CNY 0.40, down 45.21% from CNY 0.73 in 2021[28]. - The weighted average return on equity decreased to 5.37% in 2022, down 5.18 percentage points from 10.55% in 2021[28]. - The net profit after deducting non-recurring gains and losses was CNY 51,259.11 million, a decrease of 33.74% year-on-year[32]. - The net cash flow from operating activities for 2022 was CNY 24,583.81 million, down 67.87% from CNY 76,522.31 million in 2021[81]. - The company reported a net profit of CNY 170,579,625.63 in the fourth quarter of 2022[29]. - The total impact of non-recurring gains and losses for the reporting period was -42,570,692.41, with a significant tax impact of -21,105,738.96[67]. - The company reported a total of 15,400,648.25 in other non-recurring gains for the period[67]. Dividend and Equity - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 234,629,223.60, which accounts for 49.92% of the annual net profit[3]. - The total equity of the company as of March 31, 2023, was 1,173,146,118 shares[3]. - The company’s retained earnings as of December 31, 2022, were CNY 3,511,949,348.24[3]. - The net assets attributable to shareholders at the end of 2022 were CNY 896,603.71 million, up 5.64% from CNY 848,696.12 million at the end of 2021[81]. Revenue and Sales - The company achieved operating revenue of CNY 1,342,536.09 million in 2022, representing a year-on-year growth of 8.24%[32]. - The company's operating revenue for 2022 was CNY 1,342,536.09 million, an increase of 8.24% compared to CNY 1,240,345.45 million in 2021[81]. - The sales volume of lead-acid batteries increased by 32.5% year-on-year, with a significant quarter-on-quarter growth of 26.2% in Q4[86]. - The company achieved a year-on-year increase of 270% in sales of auxiliary batteries for new energy vehicles, with 12 new projects developed in this area[36]. - The company expanded its overseas market, achieving a year-on-year sales growth of approximately 31.4%, with products exported to 140 ports across 64 countries and regions[48]. - Online sales orders increased by 30% year-on-year, with online sales market share reaching 40.9%[47]. Market and Product Development - The company's commercial vehicle supporting market faced significant pressure, with annual sales declining approximately 40% year-on-year[33]. - In 2022, the company completed the mass production and model switching of 55 vehicle models, including exclusive supply for two commercial vehicles from Jianghuai Automobile and export commercial vehicles from China National Heavy Duty Truck[33]. - The company maintained a market share of approximately 48.6% in the supporting market, despite a year-on-year sales decline of about 11.2%[33]. - The company completed 62 project appointments, including new projects with high-end clients such as BMW and Scania[33]. - The company has established a multi-point layout overseas to deepen market penetration and drive sales growth[69]. - The company developed 18 new B2B clients during the reporting period, securing projects with KIA and Perodua[88]. - The company has established five overseas subsidiaries, including in Germany and Indonesia, and initiated a pilot for an overseas warehousing model[88]. Research and Development - R&D investment reached 52.85 million yuan, a year-on-year increase of 7.52%, accounting for 3.94% of operating revenue[36]. - The company holds 739 valid patents as of the end of 2022, with 149 patent applications completed during the year[38]. - The company completed 193 patent applications and received 102 authorized patents in 2022, totaling 296 valid patents by the end of the year[140]. - The company’s R&D centers in Xiangyang, Wuhan, and the US (Germany) closely track global advancements in battery technology, with a strong R&D team supporting innovation[187]. Environmental and Recycling Initiatives - The company is actively developing a "green lead-acid recycling industry chain," enhancing the production of recycled lead products while ensuring compliance with emission standards[50]. - The company has a waste lead-acid battery recycling capacity of 860,000 tons per year, forming a complete resource closed-loop and recycling utilization system[154]. - The company processed approximately 670,000 tons of waste lead-acid batteries during 2022, representing a year-on-year growth of about 10%, with around 70% of the produced lead used for self-supply[170]. - The company has established 20 centralized transfer points, 2,520 collection points, and 299 joint recycling units by the end of the reporting period[170]. - The company’s recycling of waste lead-acid batteries contributes to alleviating the shortage of lead raw materials, with the number of enterprises processing over 100,000 tons of waste batteries increasing to over 40 in 2022[177]. Strategic Initiatives - The company is advancing the "You Neng Da" and "Integrated Purchase and Sales" initiatives to enhance operational efficiency[69]. - The company has developed a brand management system with five major automotive low-voltage battery brands, enhancing market positioning[194]. - The company aims to strengthen its market presence through differentiated brand operations and improved service capabilities for local distributors[193]. - The company has adopted a light-asset operation model for energy storage products, mitigating risks from raw material price fluctuations[190]. Future Outlook - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[73]. - The company plans to achieve full production capacity at its Malaysia plant in 2023 and expects the U.S. plant to reach production capacity in the first half of 2023[88].