Desay Battery(SZ:000049)2023-04-27 16:00Guarantees and Financial Management - The total approved guarantee amount for subsidiaries during the reporting period was 1,540,000[1]. - The actual guarantee amount that occurred for subsidiaries during the reporting period was 506,344.12[1]. - The total approved guarantee amount at the end of the reporting period was 1,540,000, with an actual guarantee balance of 314,737.68[2]. - The total guarantee amount during the reporting period was 1,565,000, with an actual guarantee amount of 520,063.60[2]. - The actual guarantee total accounted for 77.71% of the company's net assets[2]. - The company did not provide guarantees for shareholders, actual controllers, or related parties, with a balance of 0[2]. - The company has entrusted financial management with a total amount of 60,346.09 million, with no overdue amounts[6]. - The company did not engage in entrusted loans during the reporting period[7]. Share Capital and Stock Repurchase - The total number of shares decreased by 912,108, resulting in a total of 299,386,862 shares[20]. - The company completed the repurchase and cancellation of 27,068 restricted stocks from departing incentive recipients during the reporting period[21]. - The company completed the repurchase and cancellation of 885,040 restricted stocks, reducing the total share capital from 300,271,902 shares to 299,386,862 shares[26]. - The company completed the repurchase and cancellation of 912,108 restricted shares, reducing the total share capital from 300,298,970 shares to 299,386,862 shares[57]. - The basic and diluted earnings per share for the year 2021 were adjusted from 2.6423 RMB to 2.6454 RMB due to the share repurchase[57]. - The total number of ordinary shareholders at the end of the reporting period was 55,140, down from 70,304 at the end of the previous month[61]. - The largest shareholder, Huizhou Innovation Investment Co., Ltd., holds 22.93% of the shares, totaling 68,645,596 shares[61]. - Guangdong Desay Group Co., Ltd. is the second-largest shareholder with a 22.03% stake, amounting to 65,953,611 shares[61]. - The top ten shareholders did not engage in any agreed repurchase transactions during the reporting period[63]. Revenue and Profit Performance - In 2022, the company's total revenue for the four quarters was approximately ¥4.90 billion, ¥4.58 billion, ¥6.03 billion, and ¥6.24 billion respectively, showing a significant increase in the third and fourth quarters[31]. - The net profit attributable to shareholders for the first, second, third, and fourth quarters was approximately ¥154.25 million, ¥153.19 million, ¥298.43 million, and ¥260.34 million respectively, indicating strong performance in the third quarter[31]. - The company reported a government subsidy of approximately ¥40.03 million in 2022, an increase from ¥31.71 million in 2021[39]. - In 2022, the company reported a total income of 49,719,656.25 CNY, an increase of 32.2% compared to 37,633,308.34 CNY in 2021[41]. - The net profit for the year was CNY 0.852 billion, reflecting a year-on-year growth of 7.36%, with the net profit attributable to shareholders reaching CNY 0.866 billion, up 9.13%[84]. - The total operating revenue for 2022 reached RMB 21.75 billion, an increase of 11.6% compared to RMB 19.47 billion in the previous year[167]. - Net profit attributable to shareholders was RMB 866.21 million, up 9.1% from RMB 793.77 million in the prior year[167]. - Total comprehensive income for the year was RMB 867.53 million, compared to RMB 792.50 million in 2021, reflecting a growth of 9.5%[167]. Cash Flow and Financial Position - The cash flow from operating activities showed a net inflow of approximately ¥231.10 million in the third quarter, recovering from a net outflow of ¥19.90 million in the second quarter[31]. - Operating cash inflow totaled ¥23.54 billion, a year-on-year increase of 16.88% from ¥20.14 billion[143]. - Operating cash outflow amounted to ¥23.15 billion, reflecting a 17.74% increase from ¥19.66 billion[143]. - Net cash flow from operating activities decreased by 18.62% to ¥390.93 million, down from ¥480.41 million[143]. - Investment cash inflow decreased by 43.98% to ¥1.27 billion, compared to ¥2.27 billion in the previous year[143]. - Net cash flow from investment activities worsened by 85.39%, resulting in a deficit of ¥1.46 billion[143]. - Financing cash inflow increased by 67.05% to ¥4.70 billion, up from ¥2.81 billion[143]. - The net increase in cash and cash equivalents was ¥368.77 million, a significant improvement of 245.48% from a decrease of ¥253.49 million[143]. - Total assets increased to RMB 12.51 billion, up from RMB 10.78 billion, representing a growth of approximately 16.06% year-over-year[161]. - Current assets totaled RMB 8.64 billion, compared to RMB 8.25 billion at the beginning of the year, reflecting an increase of about 4.83%[161]. - Cash and cash equivalents rose to RMB 713.19 million from RMB 271.02 million, marking a significant increase of approximately 163.06%[161]. - Total liabilities amounted to RMB 8.29 billion, up from RMB 7.35 billion, indicating an increase of approximately 12.87%[165]. - Total equity attributable to shareholders reached RMB 4.09 billion, compared to RMB 3.43 billion, reflecting an increase of approximately 19.19%[165]. Research and Development - The company has accumulated 134 invention patents, 752 utility model patents, 22 design patents, and 106 software copyrights by the end of 2022, with 27 invention patents applied for during the reporting period[80]. - Research and development expenses increased by 35.30% to ¥550,750,186.83, primarily due to higher wages, material consumption, and depreciation costs[127]. - The number of R&D personnel increased by 39.57% to 1,305 in 2022, compared to 935 in 2021[140]. - The company is focusing on the development of high-safety, high-temperature, and high-energy-density solid-state batteries, with initial polymer composite electrolyte materials already prepared[137]. - The company has successfully synthesized the first batch of sodium-ion battery materials, indicating progress towards industrial application[137]. - R&D investment increased significantly, with a focus on SIP technology and energy cell technology development to enhance competitive advantages[143]. Market Trends and Business Strategy - The lithium-ion battery industry in China saw a production increase of over 130% in 2022, reaching 750 GWh, with energy storage batteries exceeding 100 GWh[45]. - Global lithium-ion battery shipments reached 957.7 GWh in 2022, a year-on-year growth of 70.3%, with electric vehicle batteries growing by 84.4%[45]. - The global smartphone market experienced an 11.3% decline in shipments in 2022, totaling 1.21 billion units, the lowest since 2013[46]. - The company is focusing on expanding its business in energy storage cells and advanced packaging (SIP) while optimizing its industrial layout[50]. - The company plans to continue expanding its market presence and investing in new technologies as part of its growth strategy[40]. - The company is actively pursuing new investment projects in the electrical machinery and equipment manufacturing industry[187]. Inventory and Production - The inventory volume decreased by 15.96% to 1,103.29 thousand units in 2022 from 1,312.86 thousand units in 2021[95]. - The sales volume of battery packs decreased by 18.17% to 25,735.14 thousand units in 2022 from 31,447.73 thousand units in 2021[118]. - The production volume of battery packs fell by 21.14% to 25,256.49 thousand units in 2022 compared to 32,028.90 thousand units in 2021[118]. - The sales volume of power management systems (BMS) decreased by 21.93% to 28,672.00 thousand units in 2022 from 36,727.18 thousand units in 2021[118]. - The production volume of power management systems (BMS) declined by 22.53% to 28,462.43 thousand units in 2022 compared to 36,740.10 thousand units in 2021[118].