ZHUHAI COSMX(SH:688772)2022-04-18 16:00Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[12]. - The company's operating revenue for 2021 was approximately CNY 10.34 billion, representing a 48.47% increase compared to CNY 6.96 billion in 2020[22]. - Net profit attributable to shareholders for 2021 was approximately CNY 945.83 million, a 15.76% increase from CNY 817.03 million in 2020[22]. - The cash flow from operating activities for 2021 was approximately CNY 1.99 billion, reflecting a 5.97% increase from CNY 1.88 billion in 2020[23]. - The company's total assets as of the end of 2021 were approximately CNY 16.34 billion, a 90.35% increase from CNY 8.58 billion at the end of 2020[23]. - The net assets attributable to shareholders at the end of 2021 were approximately CNY 6.30 billion, a 94.02% increase from CNY 3.25 billion at the end of 2020[23]. - The basic earnings per share for 2021 was CNY 0.95, an increase of 11.76% from CNY 0.85 in 2020[24]. - The company achieved a main business revenue of 996,716.91 million RMB, representing a year-on-year growth of 47.69% due to increased market demand and sales volume[87]. - The net profit attributable to shareholders was CNY 94,582.67 million, up 15.76% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 84,281.99 million, an increase of 7.05%[84]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.18 per share, totaling approximately RMB 201.93 million, which represents 21.35% of the net profit attributable to shareholders for the year 2021[6]. - The company does not plan to increase capital reserves or issue bonus shares for the year 2021[6]. - The company has not made any adjustments to its established cash dividend policy during the reporting period[150]. - The board approved a dividend payout of $50 million, marking a commitment to returning value to shareholders[195]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[12]. - The company plans to enter the electric vehicle market, with a projected revenue contribution of 500 million RMB by 2024[12]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 25% to 1.875 billion RMB[12]. - The company is actively pursuing new strategies for market expansion and product development[125]. - The company announced plans for market expansion into Southeast Asia, targeting a 10% market share within the next two years[195]. Research and Development - Research and development investment increased by 40%, totaling 300 million RMB, to support new technology initiatives[13]. - The R&D expenditure as a percentage of operating revenue was 6.03% in 2021, up from 5.83% in 2020[24]. - The company invested 62,336.69 million yuan in R&D, accounting for 6.03% of revenue, with a year-on-year increase of 53.62%[36]. - The company is investing in R&D for key materials and technologies related to lithium-ion batteries, which are essential for maintaining competitive advantages in the industry[48]. - The company is focusing on expanding its R&D capabilities with a team of experienced professionals in various engineering roles[125]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm[5]. - The company has improved its corporate governance structure and internal control systems in compliance with relevant laws and regulations[115]. - The board of directors and independent directors have effectively ensured fair and scientific decision-making processes[115]. - The company has not reported any changes in the voting rights arrangements during the reporting period[117]. - The company has established a robust internal control system, ensuring effective operation and compliance with relevant regulations[158]. Risks and Challenges - The company faces risks including fluctuations in raw material prices and a potential slowdown in revenue growth from its main business[4]. - The company faced challenges from fluctuating raw material prices and supply chain capacity shortages, impacting product demand growth[33]. - The company faces risks related to fluctuations in raw material prices, which significantly impact its operating costs[74]. - The company faces risks from potential changes in tax incentives, which could increase overall tax burdens and impact performance[77]. Innovation and Technology - The company has achieved significant advancements in lithium-ion battery technology, with new generation batteries showing improvements in energy density and cycle life compared to previous models[52]. - The company has filed a total of 839 intellectual property applications in the reporting period, with 336 newly approved, indicating strong research and development activity[56]. - The company has successfully launched mass production of fast-charging batteries with 3C charging capabilities, while 5C and higher rate charging batteries are in trial production[52]. - The company has developed new technologies, including a multi-pole ear winding technology that improves energy density by over 15%[67]. - The company is committed to improving its supply chain management and cost control, enhancing its competitive position in the lithium-ion battery market[49]. Social Responsibility and ESG - The company emphasizes ESG management, integrating environmental protection and social responsibility into daily operations[161]. - The company has implemented measures to reduce greenhouse gas emissions, focusing on energy efficiency and the use of renewable energy sources[165]. - The company has actively participated in charitable activities, donating 5 million yuan for pandemic relief efforts in 2020[175]. - The company has contributed 13 million yuan to various charitable activities, including support for rural revitalization and employment assistance[174]. - The company has established a complete set of internal control management systems for supplier selection and procurement, ensuring fair and standardized processes[181].