LEAD INTELLIGENT(SZ:300450)2022-04-24 16:00Financial Performance - The company's operating revenue for 2021 was ¥10,036,591,737.08, representing a 71.32% increase compared to ¥5,858,300,569.00 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥1,584,673,046.04, a 106.47% increase from ¥767,505,205.19 in 2020[21]. - The basic earnings per share for 2021 was ¥1.2827, up 135.66% from ¥0.5443 in 2020[21]. - The total assets at the end of 2021 reached ¥24,000,151,927.26, an increase of 89.54% from ¥12,662,184,576.72 at the end of 2020[21]. - The company's operating revenue for 2021 reached CNY 10,036.59 million, a year-on-year increase of 71.32%, with the lithium battery intelligent equipment business accounting for 69.30% of total revenue[72]. - The net profit attributable to shareholders for 2021 was CNY 1,584.67 million, representing a year-on-year growth of 106.47%[72]. - The company signed new orders amounting to CNY 18.7 billion (excluding tax) during the reporting period, setting a record high and creating favorable conditions for future performance growth[72]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares (including tax) to all shareholders based on a total of 1,563,766,329 shares[6]. - The total remuneration paid to directors, supervisors, and senior management for the reporting period amounted to CNY 11.31 million[186]. - Wang Yanqing, the chairman, received a total pre-tax remuneration of CNY 2.40 million[188]. - The company has established a performance-based bonus system for its senior management, which is determined based on the company's annual performance[186]. Research and Development - The company has maintained high R&D investment in lithium battery equipment, with significant advancements in coating machines and high-speed stacking machines, achieving a leading position in the industry[38]. - The company has a research and development team of 3,248 members, focusing on high-end new energy equipment and enhancing innovation efficiency[73]. - Total R&D investment reached ¥1,070,064,872.79 in 2021, accounting for 10.66% of operating revenue[92]. - The company is committed to increasing its production capacity and delivery capabilities to meet the growing market demand, focusing on automation and digitalization[74]. - The company plans to maintain its R&D investment levels to support the development of new technologies, processes, and equipment, while enhancing the efficiency and quality of R&D[130]. Market and Industry Trends - In 2021, global sales of new energy vehicles reached 6.11 million units, a 110% increase year-on-year, with domestic sales in China reaching 3.52 million units, up 158%[34]. - The penetration rate of new energy vehicles in China reached 16% in 2021, significantly up from 5.4% in 2020[34]. - The global energy storage battery shipment is expected to reach 416 GWh by 2025, driven by the increasing demand for renewable energy and energy storage applications[36]. - The global consumer lithium battery market is projected to reach $27.33 billion by 2025, with a compound annual growth rate (CAGR) of 20.27% from 2020 to 2025[36]. - The new energy vehicle market is projected to reach a penetration rate of 20% by 2025 in China, with similar growth expected in Europe and the U.S., indicating a robust demand for the company's products[64]. Operational Efficiency and Strategy - The company employs a customized production model based on client-specific needs, ensuring high adaptability and efficiency in manufacturing processes[60]. - The sales strategy primarily involves direct sales through established relationships with clients in the lithium battery and photovoltaic sectors, supported by participation in industry exhibitions[62]. - The company has developed a comprehensive digital management platform to enhance operational efficiency and product quality across R&D, procurement, production, and sales[57]. - The company is focused on improving operational efficiency and increasing profitability in the upcoming fiscal year[171]. - The company has implemented cost-cutting measures that are expected to reduce operational expenses by 5% in the next fiscal year[178]. Governance and Management - The company has established a robust governance framework, including a board of directors with 7 members, 3 of whom are independent directors, and has set up specialized committees to enhance operational compliance and shareholder protection[157]. - The company maintains a complete and independent operational structure, ensuring no reliance on the controlling shareholder for business, assets, personnel, or finances[159]. - The company has a structured compensation policy that includes basic salary, performance pay, and other allowances[186]. - The management team has undergone changes, with new independent directors appointed to strengthen governance and oversight[175]. Risks and Challenges - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks in its future development outlook[6]. - The company faces risks from macroeconomic fluctuations that could impact sales, particularly in the lithium battery sector, and plans to adapt capacity and product offerings accordingly[143]. - The company is addressing the risk of bad debts from high accounts receivable by enhancing credit rating processes and improving risk management[144]. - The company has implemented measures to mitigate the risk of product development delays due to competitors introducing advanced technologies[149]. International Expansion - The company has established subsidiaries in Sweden, Germany, and the USA to enhance its international presence[14]. - The company is actively expanding its international presence, having established subsidiaries in the USA, Germany, Sweden, Japan, and South Korea, enhancing its global competitiveness[70]. - The company plans to expand its market presence in the new energy sector, focusing on automation and smart manufacturing[91]. - The company is expanding its market presence, targeting international markets with a goal to increase export sales by 40% in 2022[181]. Employee and Workforce Development - The total number of employees at the end of the reporting period was 14,858, with 12,845 in the parent company and 2,013 in major subsidiaries[199]. - The professional composition includes 9,533 production personnel, 3,248 technical personnel, and 137 sales personnel[199]. - The company aims to provide career development opportunities and platforms for its employees[200]. - The company adjusted its employee compensation system during the reporting period to enhance performance evaluation and job responsibility mechanisms[200].