长远锂科(688779) - 2022 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥7,633,320,653.32, representing a 167.93% increase compared to ¥2,849,001,039.48 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥757,696,776.49, up 141.66% from ¥313,538,888.22 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥722,464,602.37, an increase of 137.04% compared to ¥304,788,661.89 in the same period last year[25]. - Basic earnings per share increased by 77.27% to CNY 0.39 compared to the same period last year[26]. - Net profit attributable to shareholders rose by 141.66% due to strong demand in the new energy vehicle industry[28]. - Total revenue increased by 167.93%, driven by robust downstream market demand and price adjustments due to rising material costs[28]. - The company's revenue for the first half of 2022 was CNY 763,332.07 million, an increase of 167.93% year-on-year, while net profit attributable to shareholders was CNY 75,769.68 million, up 141.66%[43]. - The weighted average return on equity improved by 1.62 percentage points to 11.03%[26]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥13,723,784,009.39, a 46.02% increase from ¥9,398,305,360.56 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company increased by 8.39% to ¥7,070,716,205.27 from ¥6,523,302,912.43 at the end of the previous year[25]. - Cash and cash equivalents decreased by 40.09% to ¥766,371,189.81, accounting for 5.58% of total assets[101]. - Accounts receivable increased by 73.72% to ¥3,826,710,119.25, representing 27.88% of total assets due to strong downstream market demand[101]. - Inventory rose by 54.17% to ¥2,430,945,738.80, making up 17.71% of total assets, driven by increased production and rising material prices[101]. - Short-term borrowings surged by 1,004.94% to ¥317,560,730.20, constituting 2.31% of total assets, primarily due to increased bank credit borrowings[101]. - Accounts payable increased by 67.53% to ¥2,827,653,566.40, representing 20.60% of total assets, attributed to expanded production and rising material costs[103]. - Contract liabilities rose by 242.50% to ¥60,227,594.71, accounting for 0.44% of total assets, due to increased prepayments from customers[103]. Research and Development - Research and development expenses accounted for 4.18% of operating revenue, a slight decrease of 0.05 percentage points[28]. - Research and development expenses totaled CNY 319,209,279.67, a significant increase of 164.98% compared to the previous year, accounting for 4.18% of total revenue[53]. - The number of R&D personnel increased to 283, accounting for 16.57% of the total workforce[60]. - The total compensation for R&D personnel amounted to RMB 3,854.00 million, with an average salary of RMB 13.62 million[60]. - The company is actively developing new materials for solid-state batteries and sodium-ion batteries, collaborating with multiple downstream battery enterprises[46]. - The company achieved significant progress in the development of high-nickel ternary materials, high-power ternary materials, and high-voltage ternary materials, with several products entering mass production[46]. Market and Sales - The company’s sales model primarily involves direct sales, with a focus on customer engagement and product development based on client needs[40]. - The sales of new energy vehicles in China reached 2.6 million units, representing a year-on-year growth of 115.59%[43]. - The company has established a stable customer channel, successfully entering the supplier systems of major lithium battery manufacturers such as CATL and BYD[69]. - The company has a leading position in the domestic market for high-power lithium battery cathode materials, with several products aimed at electric tools and digital applications[56]. Environmental and Social Responsibility - The company reported a total of 44.13 million tons of wastewater processed in the first half of 2022, with 26.73 million tons reused and 1.49 million tons discharged in compliance with standards[132]. - The company’s subsidiary, Jinch Materials, is classified as a key pollutant discharge unit, with all monitored pollutants meeting regulatory standards during the reporting period[127]. - The company constructed various pollution control facilities, including ammonia absorption towers and RTO incinerators, which operated smoothly during the reporting period[132]. - The company has established a comprehensive environmental monitoring plan, with all pollution indicators meeting the required standards[134]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[135]. - In the first half of 2022, the company participated in poverty alleviation efforts, contributing a total of CNY 132,300 in consumption assistance and facilitating employment for 6 workers from targeted villages[144]. Governance and Compliance - The report has not been audited, and the management has confirmed the accuracy and completeness of the financial report[7]. - There were no significant changes in the company's governance structure or non-operating fund occupation by controlling shareholders[10]. - The company committed to not transferring or entrusting the management of its shares for 36 months from the date of listing on the STAR Market[154]. - The company will not repurchase shares during the lock-up period, which lasts for 36 months from the listing date[155]. - The company prioritizes cash dividends in its profit distribution policy, with a minimum of 10% of distributable profits to be distributed as cash dividends if profits are positive[166]. - The company commits to strictly adhere to its profit distribution policy as outlined in its articles of association[169]. - The company will publicly disclose any failure to fulfill commitments and apologize to shareholders, while also taking legal responsibility for any resulting losses[199].