TINCI(SZ:002709)2023-04-10 16:00Financial Performance - The company's revenue for 2022 reached ¥22,316,935,603.86, representing a 101.22% increase compared to ¥11,090,801,692.82 in 2021[21]. - Net profit attributable to shareholders was ¥5,714,438,026.64, up 158.77% from ¥2,208,337,176.26 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥5,539,411,998.04, a 155.38% increase from ¥2,169,059,410.65 in 2021[21]. - The net cash flow from operating activities was ¥4,163,859,812.88, reflecting a 103.45% growth compared to ¥2,046,599,671.85 in 2021[21]. - Basic earnings per share increased to ¥2.99, a rise of 153.39% from ¥1.18 in the previous year[21]. - Total assets at the end of 2022 were ¥25,530,928,935.72, an increase of 83.69% from ¥13,899,180,424.37 at the end of 2021[21]. - Net assets attributable to shareholders reached ¥12,545,968,968.49, up 75.31% from ¥7,156,592,959.36 in 2021[21]. - The weighted average return on equity was 59.42%, an increase of 18.50 percentage points from 40.92% in the previous year[21]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 6 RMB per 10 shares (including tax) based on the total share capital after deducting shares held in the repurchase account[4]. Governance and Management - The company has a comprehensive governance structure with all board members present for the report's approval, ensuring accountability and transparency[4]. - The management team has over 20 years of industry experience, and the company has implemented a comprehensive talent development and incentive system[56]. - The company has a dedicated financial department and independent accounting system, ensuring no shared bank accounts with the controlling shareholder[176]. - The company has established specialized committees within the board to strengthen governance and operational efficiency[164]. - The company actively monitors its fundraising usage and related transactions to maintain transparency and accountability[169]. Research and Development - The company has a mature R&D platform for electrolyte products, including conventional and new solvent technologies[42]. - The company has developed advanced electrolyte solutions for high voltage, high temperature, and long-life applications, demonstrating its R&D advantages[42]. - The company is actively developing new products in the fields of sodium-ion batteries, high-voltage cathodes, and solid-state batteries[43]. - Research and development expenses surged by 136.38% to ¥893.92 million, reflecting the company's commitment to maintaining technological advantages[86]. - The company is focusing on fast-charging electrolyte solutions for ternary batteries, which are expected to meet the growing market demand for quick charging capabilities[88]. Market Trends and Opportunities - The lithium battery materials market experienced rapid growth in 2022, driven by policy support and technological advancements, with the company increasing its market share in both domestic and international markets[31]. - The demand for personal care products and daily chemicals is expected to continue growing, driven by rising disposable income and consumer preferences for high-quality products[38]. - The lithium-ion battery materials industry is expected to see significant growth due to the transition to renewable energy sources, with increasing demand for new materials and technologies[130]. Production Capacity and Expansion - The company is actively expanding its production capacity with multiple projects, including a 300,000 tons electrolyte construction project and a 100,000 tons lithium-ion battery recycling project[48]. - The company has a designed capacity of 78,372 tons for daily chemical materials and special chemicals, with a utilization rate between 50% to 100%[46]. - The lithium-ion battery materials segment has a designed capacity of 510,952 tons, with a utilization rate between 80% to 100%[46]. - The company plans to expand its production capacity for daily chemical new materials to 18,500 tons by 2023[122]. Financial Management and Investments - The company reported a total investment of 26,969.90 million CNY for the sulfuric acid project, which was increased from the initial budget of 23,356.00 million CNY[122]. - The company has committed to invest in projects totaling CNY 503,591.46 million, with CNY 204,071.34 million already invested, achieving a progress rate of 91.06%[118]. - The company is actively pursuing mergers and acquisitions to enhance its market position and expand its product offerings[108]. Environmental and Sustainability Initiatives - The company is focused on building a circular economy and has successfully entered new markets through mergers and acquisitions, enhancing its industry position[54]. - The company is constructing a "zero-carbon factory" in Sichuan, achieving complete green electricity coverage across all plants and implementing electric logistics for zero-carbon transportation[144]. - The management team emphasized the importance of sustainability in their new strategies, aiming for a 30% reduction in carbon emissions by 2025[190]. Shareholder Engagement - The company held a total of 7 shareholder meetings during the reporting period, ensuring equal rights for all shareholders to exercise their voting rights[163]. - The company engaged with over 250 institutions and more than 1000 participants in 8 on-site research activities throughout the year, enhancing investor relations[172].