Greenway(SH:688345)2022-04-19 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥2.22 billion, representing a year-on-year increase of 54.91% compared to ¥1.43 billion in 2020[21]. - The net profit attributable to shareholders of the listed company was approximately ¥125.79 million, a slight increase of 1.95% from ¥123.38 million in 2020[21]. - The net cash flow from operating activities decreased by 73.95% to approximately ¥29.26 million, down from ¥112.36 million in 2020, primarily due to increases in accounts receivable and inventory[24]. - The net assets attributable to shareholders of the listed company increased by 162.05% to approximately ¥1.14 billion, up from ¥435.27 million in 2020, mainly due to the increase in capital from the initial public offering[24]. - Total assets grew by 107.06% to approximately ¥2.22 billion, compared to ¥1.07 billion in 2020, driven by the funds raised from the IPO and increased production scale[24]. - Basic earnings per share decreased by 12.73% to ¥1.44 from ¥1.65 in 2020[23]. - The gross profit margin decreased by 3.25 percentage points due to rising raw material prices and exchange rate fluctuations[101]. - The company reported a total revenue of 17,480.10 million RMB, with a net profit of 12,856.90 million RMB, reflecting a significant increase compared to the previous year[81]. Dividend Policy - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling 20 million RMB (including tax) based on a total share capital of 100 million shares as of December 31, 2021, resulting in a cash dividend payout ratio of 15.90%[5]. - The cash dividend ratio for the year is 15.90%, which is below 30% of the net profit attributable to shareholders[172]. - The company emphasizes a stable profit distribution policy, ensuring at least 15% of the distributable profit is allocated as cash dividends when conditions are met[167]. - The company's profit distribution policy is subject to change based on operational needs and investment plans, requiring board and shareholder approval[171]. Research and Development - The R&D expenditure as a percentage of operating revenue was 4.47%, slightly up from 4.26% in 2020[23]. - The company reported a 62.48% increase in R&D expenditures, totaling ¥9,902.41 million, compared to ¥6,094.60 million in the previous year[74]. - The number of R&D personnel increased to 313, representing 13.35% of the total workforce, up from 9.28% in the previous year[84]. - The company is focusing on the development of new technologies and products in the lithium battery sector, particularly in lightweight lithium batteries, to capture new market opportunities[42]. - The company has developed advanced battery management systems to enhance battery performance and ensure intelligent management of battery systems[85]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development[24]. - The company aims to explore the domestic portable energy storage market, providing cost-effective lithium batteries for local manufacturers and brand owners[42]. - The company is focusing on expanding its market presence in both domestic and international lithium battery markets, particularly in electric bicycles and home storage[135]. - Future outlook indicates a projected revenue growth of 15% for 2022, driven by new product launches and market expansion strategies[144]. - The company plans to enhance its digital marketing strategies, targeting a 20% increase in online sales by the end of 2022[144]. Supply Chain and Partnerships - The company has established strategic partnerships with key suppliers such as LG Energy and Funeng Technology to enhance supply chain capabilities[35]. - The company has established a long-term strategic cooperation agreement with LG Chem for lithium-ion cell procurement, ensuring a stable supply chain[45]. - The company maintains a stable supply chain with long-term strategic partnerships with key suppliers like LG and Panasonic, ensuring a reliable source of raw materials[88]. Risks and Challenges - The company has detailed the major risks it may face in its operations within the report[4]. - The company faces risks related to raw material supply, particularly due to potential disruptions from the COVID-19 pandemic and changes in international trade policies[91]. - The company is investing in R&D for lightweight vehicle lithium-ion batteries and high-performance energy storage devices, facing risks related to the uncertainty of new technology outcomes[90]. Environmental and Social Responsibility - The company emphasizes environmental responsibility, adhering to local environmental laws and investing in pollution control measures to reduce emissions and enhance sustainability[180]. - The company has established various environmental management systems, including hazardous waste management and air pollution control, to comply with national and industry standards[189]. - The company has achieved ISO14001 certification, ensuring that all materials and products meet RoHS regulations[191]. - The company has donated a total of 60,000 yuan during charity events in June and July 2021[195]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[7]. - The company emphasizes the importance of independent governance and compliance with regulatory standards to enhance operational transparency[138]. - The board of directors has approved a new dividend policy, aiming to return 30% of net profits to shareholders starting in 2022[144].