BLEST(SH:603959)2023-04-28 16:00Financial Performance - In 2022, the company's operating revenue reached ¥3,219,864,213.35, representing a 209.24% increase compared to ¥1,041,209,142.16 in 2021[22] - The net profit attributable to shareholders of the listed company was ¥8,588,546.43, a decrease of 70.71% from ¥29,324,997.00 in the previous year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥11,153,093.01, a decline of 160.59% compared to ¥18,408,233.36 in 2021[22] - The net cash flow from operating activities was ¥202,060,440.90, down 39.92% from ¥336,345,813.84 in the previous year[22] - Basic earnings per share decreased by 70.74% to ¥0.02 from ¥0.06 in 2021[23] - The weighted average return on net assets was 1.31%, down from 4.62% in the previous year[23] - Operating costs rose to CNY 2,895,796,022.31, reflecting a 245.39% increase compared to the previous year[72] - Research and development expenses increased by 67.83% to CNY 109,072,906.44, accounting for 3.39% of operating revenue[79] Market and Industry Trends - The company has outlined various industry and market risks in the report, emphasizing the need for investors to be aware of potential risks[7] - The company is actively expanding its lithium battery business, benefiting from increasing demand in the new energy sector and supportive government policies[33] - In 2022, global sales of new energy vehicles reached 10.824 million units, a year-on-year increase of 61.6%, with pure electric vehicles accounting for 74% of sales[47] - The production of lithium-ion batteries in China reached 750 GWh in 2022, growing over 130% year-on-year, with the industry’s total output value exceeding 1.2 trillion yuan[49] - The market size of China's petrochemical industry is expected to reach 21 trillion yuan by 2027, with a compound annual growth rate of 6% from 2022 to 2027[52] Business Expansion and Acquisitions - The company signed new contracts worth 3.524 billion RMB in 2022, with 3.344 billion RMB attributed to the new energy lithium battery sector[33] - The total backlog of orders at the end of the reporting period was 4.109 billion RMB, indicating strong market demand[34] - The company is in the process of acquiring 60% equity in Suzhou Xiran Industrial Equipment Co., with due diligence ongoing[40] - A subsidiary has signed an agreement to acquire 60% of Wuxi Baiqing Intelligent Robot Technology Co. for ¥1,200,000 to enhance competitiveness in lithium battery production lines[40] - The company completed the acquisition of 60% of Wuxi Baijing for a cash consideration of 1.2 million, enhancing its competitive edge in the lithium battery production line[98] Research and Development - The company has developed 200 patents, with 52 new patents authorized during the reporting period, focusing on innovations in lithium battery production and other technologies[45] - The company has developed high-temperature proton exchange membranes for hydrogen fuel cells, which can operate at temperatures between 120℃ and 180℃, showcasing significant technical advantages[56] - The company has developed a solid-state electrolyte process and is advancing the mass production of hydrogen fuel cell core materials[122] - The company has completed the R&D of a waste lubricating oil recovery technology, producing high-standard lubricating oil base oils that meet Sinopec's MVI standards[84] Corporate Governance and Management - The company held its annual shareholder meeting on May 27, 2022, where key reports including the 2021 financial settlement report were presented[140] - The company has established specialized committees for audit, nomination, compensation, strategy, and risk management, ensuring effective governance[158] - The company has a structured approach to profit distribution, ensuring that the policy aligns with its sustainable development goals[176] - The company has a cash dividend policy that prioritizes cash dividends, with a minimum of 20% of distributable profits to be distributed in cash if conditions are met[172] Environmental and Social Responsibility - The company has not reported any environmental violations or pollution incidents during the reporting period, maintaining a 100% compliance rate for waste water and waste gas[181] - The company has implemented measures to reduce carbon emissions, promoting digital construction and paperless operations[182] - The company encourages energy conservation and green office practices among employees, aiming to save every unit of electricity and water[182] Risks and Challenges - The company faces macroeconomic risks due to reliance on national economic conditions and industry investment policies, which may impact project investments[128] - There is a risk of losing technological leadership due to rapid industry innovation and the uncertainty of engineering transformation of technological achievements[129] - The company may encounter risks related to accounts receivable due to potential delays in project payments and the collection of quality assurance funds[131]