TINCI(SZ:002709)2022-03-21 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥11.09 billion, representing a 169.26% increase compared to ¥4.12 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥2.21 billion, a 314.42% increase from ¥532.87 million in 2020[17]. - The net cash flow from operating activities for 2021 was approximately ¥2.05 billion, up 223.59% from ¥632.46 million in 2020[17]. - The basic earnings per share for 2021 was ¥2.35, reflecting a 305.17% increase compared to ¥0.58 in 2020[17]. - The total assets at the end of 2021 were approximately ¥13.90 billion, a 131.25% increase from ¥6.01 billion at the end of 2020[17]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥7.16 billion, an increase of 111.37% from ¥3.39 billion at the end of 2020[18]. - The company achieved a weighted average return on equity of 40.92% in 2021, an increase of 23.43 percentage points from 17.49% in 2020[17]. - In 2021, the company achieved a revenue of CNY 11,090,801,692.82, representing a year-on-year growth of 169.26%[46]. - The net profit attributable to shareholders reached CNY 2,208,337,176.26, with a year-on-year increase of 314.42%[46]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 2.05 billion for the year, compared to CNY 1.24 billion in the previous year, indicating a growth of 65.5%[21]. Dividend and Capital Distribution - The company plans to distribute a cash dividend of 5 RMB per 10 shares (including tax) and to increase capital by converting reserves, issuing 10 additional shares for every 10 shares held[4]. - The total distributable profit for the company was 1,217,334,213.18 CNY, with cash dividends accounting for 100% of the profit distribution[167]. - The minimum proportion of cash dividends in profit distribution is set at 20% due to the company's growth stage[167]. - The company plans to review its shareholder dividend return plan at least every three years, considering feedback from shareholders and independent directors[164]. - The company has established a shareholder dividend return plan that emphasizes cash dividends as the primary method of profit distribution[164]. Market Strategy and Growth - The company plans to continue expanding its market presence and investing in new technologies and products to sustain growth[11]. - The company has a strong focus on lithium-ion battery materials, which are critical for the growing electric vehicle market[11]. - The company is actively pursuing strategic partnerships and potential acquisitions to enhance its competitive position in the industry[11]. - The company is actively developing sodium-ion battery technology and establishing a corresponding product platform to enhance competitiveness in the industry[35]. - The company is focusing on high-performance lithium-ion battery materials and plans to establish a green recycling industry chain for battery materials[112]. - The company aims to expand its market share in the lithium-ion battery materials sector by increasing international orders, particularly from Tesla's supply chain[114]. Research and Development - The company has a mature research and development platform for lithium-ion battery electrolytes, with 42 core technical personnel and multiple patents related to electrolyte additives and lithium-ion batteries[34]. - Research and development expenses increased by 124.63% year-on-year, totaling ¥378,171,883.04, to maintain the company's technological advantage[63]. - The company has several ongoing R&D projects, including high-energy density lithium iron phosphate electrolyte and sodium-ion battery electrolyte, aimed at enhancing competitiveness in the market[64]. - The company is enhancing its research and development capabilities for electrolyte materials, aiming to maintain its position as the world's leading supplier[111]. - The company is collaborating with universities and suppliers to enhance research capabilities in electrolyte development and production efficiency[115]. Environmental and Social Responsibility - The company achieved a 100% compliance rate in its self-monitoring plan for environmental emissions[188]. - The company has implemented a new emergency response plan for environmental incidents, filed with the local ecological environment bureau[190]. - The company actively participates in social responsibility activities, including a donation of 1 million yuan to the Red Cross for educational support in Lake Kou County[195]. - The company has not faced any major accidents or legal violations during the reporting period, reflecting a strong commitment to EHS (Environment, Health, and Safety) management[193]. - The company has established a comprehensive governance framework to enhance internal controls and risk management[183]. Governance and Management - The board of directors has ensured the accuracy and completeness of the annual report, with all directors present for the meeting[3]. - The company maintains a robust governance structure, ensuring compliance with relevant laws and regulations while protecting shareholder rights[122]. - The board of directors consists of 9 members, including 4 independent directors and 5 non-independent directors, complying with relevant laws and regulations[124]. - A total of 17 board meetings were held during the reporting period, with all directors attending and fulfilling their responsibilities[124]. - The company has established a dedicated audit department to strengthen internal controls and ensure compliance with regulations[128]. Employee Management and Development - The total number of employees at the end of the reporting period was 4,020, with 536 in the parent company and 3,484 in major subsidiaries[159]. - The company has a total of 173 employees with a master's degree or above, and 568 with a bachelor's degree, indicating a strong educational background among staff[159]. - The annual training plan focuses on enhancing employee skills to meet the rapid business development needs, with various specialized training programs implemented[161]. - The company has established a dual career development path for employees, enhancing internal mobility and skill development[160]. - The company emphasizes a competitive internal salary policy to attract and retain talent, aligning with market standards and internal fairness[160]. Investment and Capital Management - The company has raised a total of CNY 224,074.79 million through non-public stock offerings, with CNY 110,915.75 million utilized by the end of the reporting period[81]. - The company has a remaining balance of CNY 53,674.63 million in raised funds, which are held in a special account[81]. - The company completed the acquisition of Anhui Yisheng Environmental Technology Co., Ltd. for a total consideration of CNY 13,500,000, fully funded by its own capital[76]. - The company has invested CNY 277,098,524.50 in a 150,000-ton lithium battery material project, with a cumulative actual investment of CNY 293,955,435.58, achieving 67.41% project progress[78]. - The company has a total of CNY 687,719,558.70 invested in various lithium-ion battery material projects, with a cumulative actual investment of CNY 772,727,697.31[79].