GHKJ(SZ:002741)2023-03-30 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,580,095,761.16, representing a 28.09% increase compared to ¥2,014,264,550.37 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥62,296,122.55, a significant increase of 72.40% from ¥36,134,820.48 in 2020[22]. - The net profit after deducting non-recurring gains and losses was ¥40,725,741.82, which is a 185.26% increase compared to ¥14,276,648.05 in 2020[23]. - The basic earnings per share for 2021 was ¥0.16, up 60.00% from ¥0.10 in 2020[23]. - The total assets at the end of 2021 were ¥3,031,813,593.79, reflecting a 10.62% increase from ¥2,740,782,660.35 at the end of 2020[23]. - The net assets attributable to shareholders increased by 22.65% to ¥1,578,767,669.50 at the end of 2021, compared to ¥1,287,187,306.88 at the end of 2020[23]. - The net cash flow from operating activities for 2021 was ¥44,246,345.71, a decrease of 64.57% from ¥124,896,456.41 in 2020[23]. - The weighted average return on equity for 2021 was 4.51%, an increase from 2.85% in 2020[23]. - The company's total revenue for Q4 was approximately ¥735.46 million, showing a steady increase from previous quarters[27]. - The net profit attributable to shareholders for Q4 was approximately ¥13.31 million, a decrease compared to Q3's ¥18.93 million[27]. - The net cash flow from operating activities for Q4 was approximately ¥59.30 million, indicating a positive cash flow trend[27]. Business Operations - The company operates several wholly-owned subsidiaries, including Guangdong Dongshuo Technology Co., Ltd. and Zhuhai Zhongli New Energy Materials Co., Ltd.[13]. - The company has undergone several changes in its business scope, including the production and sales of lithium battery materials as of 2021[21]. - The company is focused on the development of lithium-ion battery materials, which are essential for electric vehicles and energy storage solutions[14]. - The company specializes in lithium battery materials, producing stable quality products such as ternary precursors and lithium iron phosphate, with a focus on high pressure density and cycle stability[39]. - The company has established a design capacity of 20,000 tons for chemical reagents, 50,000 tons for PCB chemicals, and 26,000 tons for lithium battery materials, with ongoing construction for an additional 10,000 tons of lithium battery materials[59]. - The company has established a nationwide marketing network with sales centers in Guangzhou, Shanghai, and Hong Kong, and offices in multiple cities[56]. - The company has established partnerships with several universities and research institutions to enhance its R&D capabilities and foster talent development[65]. Research and Development - The company holds 11 authorized patents for electronic chemicals and 14 for lithium battery materials, showcasing its R&D advantages in fine crystallization control and extraction techniques[58]. - The company’s R&D investment accounted for over 4.6% of operating revenue, focusing on enhancing technological advantages in application industries[69]. - The company has a strong R&D platform, including a national enterprise technology center, which enhances its ability to innovate and develop key technologies[64]. - The company has implemented a talent strategy to attract high-quality personnel and enhance its workforce capabilities to support its growth objectives[110]. - The company has established a high-level R&D team, ensuring its technology development remains at the forefront of the industry, which is crucial for maintaining market competitiveness[111]. Market Trends - The demand for electronic chemicals in China was 1.25 million tons in 2020, projected to grow to 2.30 million tons by 2030, at a CAGR of 6.45%[34]. - In 2021, domestic new energy vehicle sales reached 3.52 million units, a year-on-year increase of 160%[34]. - The total installed capacity of power batteries in China for 2021 was 154.5 GWh, a year-on-year growth of 142.8%[35]. - The market share of lithium iron phosphate batteries in the power battery sector reached 51.7% in 2021, with a significant year-on-year growth of 227.4%[35]. - The company is positioned to benefit from the increasing demand for battery recycling, with an estimated 137.4 GWh of used power batteries needing recycling by 2025[37]. Environmental Compliance - The company has implemented strict environmental management practices to comply with regulations, but future changes in environmental laws may impact profitability[114]. - The company reported a total nickel discharge of 0.03 mg/L, which is below the standard limit[174]. - The company achieved a particulate matter emission of 15.43 mg/m³, complying with the emission standards[175]. - The total VOC emissions were recorded at 0.07 tons, which is within the permissible limits[176]. - The company successfully maintained SO2 emissions at 0.35 tons, adhering to environmental regulations[175]. - The NOX emissions were reported at 2.86 tons, which is compliant with the required standards[175]. - The company’s formaldehyde emissions were measured at 2.48 mg/m³, below the regulatory threshold[175]. - The company has installed automatic monitoring equipment for air pollutants, which is connected to the monitoring devices of the ecological environment authorities[179]. Corporate Governance - The company strictly adheres to legal regulations and guidelines for corporate governance, ensuring compliance with the requirements of the China Securities Regulatory Commission[121]. - The company has implemented effective investor relations management, fostering good communication and interaction with investors[124]. - The company’s board of directors and supervisory board operate independently, ensuring responsible governance and oversight of financial matters[122]. - The company has established a fair and transparent performance evaluation and incentive system, linking the income of management and employees to business performance[123]. - The company has a complete business, supply, production, and sales system, demonstrating its capability for independent operation and risk management[126]. Employee Relations - The total number of employees at the end of the reporting period was 1,289, with 877 in the parent company and 412 in major subsidiaries[154]. - The professional composition includes 450 production personnel, 120 sales personnel, 439 technical personnel, 28 financial personnel, and 252 administrative personnel[155]. - The company has implemented a diversified compensation assessment plan linked to performance growth, aiming to motivate employees and achieve corporate goals[156]. - Training programs are focused on building a talent development system, including various training projects to enhance professional skills and leadership capabilities[157]. Strategic Initiatives - The company plans to focus on four core businesses: PCB chemicals, lithium battery materials, chemical reagents, and comprehensive utilization of retired power batteries[108]. - The company aims to significantly develop its new energy business, particularly in lithium battery materials and the comprehensive utilization of retired power batteries, supported by technological innovation[108]. - The company intends to strengthen cooperation along the industrial chain by collaborating closely with downstream customers and forming alliances with domestic and international partners[108]. - The company is committed to a share repurchase plan, which is currently in progress and is expected to be completed within 6 months from the initiation of the repurchase obligation[193].