Azure(SZ:002245)2023-04-24 16:00Financial Performance - The total revenue for the year 2022 was ¥6,285,116,746.33, representing a decrease of 5.92% compared to 2021[34] - The net profit attributable to shareholders was ¥378,343,919.83, down 43.54% from the previous year[34] - The basic earnings per share decreased by 46.85% to ¥0.3459[34] - The company reported a cash flow from operating activities of ¥474,516,240.91, a decrease of 11.22% from the previous year[34] - The weighted average return on equity was 7.65%, down from 21.04% in 2021[34] - Total operating revenue for 2022 was ¥6,285,116,746.33, a decrease of 5.93% from ¥6,680,492,083.22 in 2021[128] - Operating profit for 2022 was ¥447,424,194.34, a decline of 46.0% compared to ¥829,430,089.38 in 2021[128] - The total profit for the year was approximately ¥451.61 million, a decrease of 46% compared to ¥837.08 million in the previous year[148] - The net profit attributable to shareholders of the parent company was approximately ¥378.34 million, down 43.5% from ¥670.12 million year-on-year[148] - The total comprehensive income for the year was CNY 378,343,919.83, compared to CNY 406,717,231.27 in the previous year, showing a decrease of 7.0%[177] Assets and Liabilities - The total assets at the end of 2022 were ¥11,323,842,274.58, an increase of 16.47% from the end of 2021[34] - The total liabilities amounted to RMB 4,128,501,726.22, a decrease from RMB 5,383,349,735.86 in the previous year[123] - The total equity attributable to the parent company reached RMB 6,346,527,991.40, compared to RMB 3,568,144,417.58 in the previous year[123] - The company’s current liabilities totaled RMB 3,537,971,344.09, down from RMB 4,585,146,966.50 in the previous year[123] - The company’s retained earnings increased to RMB 2,101,677,203.95 from RMB 1,887,192,236.96[123] Revenue Breakdown - Revenue from the lithium battery sector was ¥2,556,197,830.81, accounting for 40.67% of total revenue, down 4.39% from ¥2,673,594,178.11[79] - The LED sector generated ¥1,127,144,249.48, which is 17.93% of total revenue, reflecting a decline of 12.14% from ¥1,282,875,089.06[79] - Revenue from the metal logistics sector was ¥2,597,972,888.00, making up 41.34% of total revenue, a decrease of 4.28% from ¥2,714,219,608.79[79] - Revenue from overseas markets increased by 42.76% to ¥1,173,895,155.53, compared to ¥822,273,829.19 in the previous year[79] Market and Industry Trends - The lithium battery market is projected to grow rapidly, with an expected demand for over 1 billion lithium batteries for electric motorcycles by 2026, driven by policies promoting electric vehicles[44] - The global household energy storage installation capacity reached 15.6 GWh in 2022, a year-on-year increase of 136.4%[65] - By 2025, the global household energy storage installation capacity is expected to reach 52.6 GWh, and by 2030, it is projected to reach 172.7 GWh, with a cumulative capacity of 748.9 GWh[65] - The global sales of electric bicycles from 2020 to 2022 were 6.89 million, 8.87 million, and 11.21 million units respectively, totaling nearly 27 million units, with lithium battery usage reaching 1.6 billion units[64] - The market for lithium-ion batteries in cleaning appliances is projected to reach 1.25 billion units by 2025[64] Strategic Initiatives - The company plans to distribute a cash dividend of ¥0.35 per 10 shares, with no bonus shares issued[22] - The company aims to enhance its R&D capabilities in the lithium battery sector to maintain a competitive edge in high-rate power battery applications[86] - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[173] - The company aims to enhance its technological capabilities and explore potential mergers and acquisitions to strengthen its market position[179] Operational Insights - The company has expanded its business into three main sectors: lithium batteries, LED chips, and metal logistics, with over 20 subsidiaries across various regions[48] - The company has established a leading position in the domestic high-performance cylindrical lithium battery market, focusing on small power batteries for electric tools and cleaning appliances[71] - The company has expanded its sales team from three to eight departments, enhancing its business development and customer service capabilities[76] - The company is implementing a global strategy to mitigate geopolitical and trade policy risks while expanding its international business team[72] Cash Flow and Investments - The cash inflow from operating activities for 2022 was CNY 7,505,593,663.46, an increase of 26.3% compared to CNY 5,940,384,662.87 in 2021[174] - The total cash outflow for purchasing goods and services was CNY 6,008,626,486.18, which rose from CNY 4,463,083,365.41 in 2021, indicating a growth of 34.7%[174] - The total cash inflow from investment activities was 729,048,735.35 CNY, an increase from 605,261,596.63 CNY in the previous period[153] - The company paid 2,012,500,000.00 CNY in cash for investments, indicating a substantial investment outflow[153]