SACRED SUN(SZ:002580)2022-04-26 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[14] - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[14] - In 2021, the company's operating revenue reached CNY 2,090,524,718.71, an increase of 18.69% compared to CNY 1,761,288,768.66 in 2020[20] - The net profit attributable to shareholders was CNY 33,951,426.48, reflecting an 18.52% increase from CNY 28,646,091.77 in the previous year[20] - The company achieved a total revenue of CNY 2,090.52 million in 2021, representing a year-on-year growth of 18.69%[36] - Net profit attributable to shareholders reached CNY 33.95 million, an increase of 18.52% compared to the previous year[36] - The revenue from new energy and emergency storage batteries accounted for 59.28% of total revenue, amounting to CNY 1,239.23 million, with a growth of 11.60%[39] Market Expansion and Strategy - The company plans to invest RMB 200 million in research and development for new energy technologies in 2022[14] - The company has set a revenue target of RMB 1.5 billion for 2022, reflecting a growth forecast of 25%[14] - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by 2025[14] - A strategic acquisition of a local battery manufacturer is planned to enhance production capacity by 30%[14] - The company is actively expanding its lithium battery storage market, participating in various domestic and international projects[38] - The company aims to optimize market structure and enhance profitability by stabilizing existing domestic business and expanding into the electric power market, targeting new customer segments[77] Research and Development - The company holds 205 patents, enhancing its technological capabilities in lithium-ion and lead-acid battery systems[34] - Research and development expenses were ¥66,975,999.36, a slight decrease of 0.77% from the previous year[49] - The company has ongoing R&D projects aimed at developing new products, including a long-life lithium-ion battery and a 5G base station power system[50] - The company is increasing R&D efforts to enhance core competitiveness, focusing on lead-acid battery technology and lithium-ion battery key technologies, aiming for differentiated competitive advantages[77] Financial Management and Governance - The company will not distribute cash dividends for the fiscal year 2021, opting to reinvest profits into business growth[5] - The company has a transparent and fair performance evaluation and incentive mechanism for senior management, aimed at enhancing employee motivation and retaining talent[90] - The company has a complete and independent governance structure, ensuring the board and management operate without interference from controlling shareholders[96] - The company has established a robust investor relations management system to enhance communication and transparency with stakeholders[92] Environmental and Social Responsibility - The company has established industrial wastewater treatment facilities with a design capacity of 80m³/h, treating over 85% of wastewater for reuse in production[148] - The company generated 2.9455 million kWh of electricity from its photovoltaic facilities, all utilized for production operations, contributing to reduced carbon emissions[152] - The company emphasizes social responsibility and environmental protection, actively engaging with stakeholders to balance interests and promote sustainable development[91] - The company has achieved a significant increase in waste battery recycling rates through a structured collection and management system, participating in national pilot programs across multiple provinces[159] Risks and Challenges - The management highlighted potential risks including raw material price fluctuations and regulatory changes impacting the industry[4] - The company is aware of risks related to industry policy changes, product technology iterations, raw material price fluctuations, exchange rate changes, environmental regulations, and pandemic impacts, and is taking measures to mitigate these risks[79][80] - The company has established strategic partnerships with suppliers to hedge against raw material price volatility and is implementing framework agreements with major clients[79] Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with a projected growth rate of 10% for the upcoming year[102] - The company aims to expand its lithium battery market while maintaining its lead in the lead-acid battery market, focusing on high-profit businesses and products[76] - The company plans to enhance its comprehensive profitability and operational efficiency through technological and management innovation[76]