Lead Power(SZ:300530)2022-03-30 16:00Financial Performance - The company's net profit attributable to shareholders was negative due to increased R&D and operational expenses in the new energy battery business[4]. - The company's operating revenue for 2021 was ¥146,016,712.96, representing a 29.96% increase compared to ¥112,357,539.00 in 2020[19]. - The net profit attributable to shareholders was -¥124,716,354.67 in 2021, a decline of 147.57% from -¥50,375,850.75 in 2020[19]. - The net cash flow from operating activities was -¥16,604,062.59, a significant decrease of 1,019.69% compared to -¥1,482,910.04 in 2020[19]. - The total assets at the end of 2021 amounted to ¥1,834,777,304.54, a 67.69% increase from ¥1,094,165,902.85 at the end of 2020[19]. - The company's basic earnings per share for 2021 was -¥0.79, a decrease of 146.88% from -¥0.32 in 2020[19]. - The weighted average return on equity was -50.40% in 2021, down from -11.72% in 2020, indicating a significant decline in profitability[19]. - The company reported a total of ¥114,785,582.83 in non-recurring gains and losses for 2021, up from ¥56,296,814.64 in 2020[26]. - The total equity attributable to shareholders decreased by 39.17% to ¥187,844,534.03 at the end of 2021 from ¥308,795,483.57 at the end of 2020[19]. Business Strategy and Development - The company plans to focus on core business development and enhance sustainable profitability by leveraging existing resource advantages and capital platforms[4]. - The company aims to enhance its R&D capabilities and product innovation to capture high-end markets previously dominated by multinational corporations[30]. - The company will adopt a differentiated competition strategy to meet the diverse needs of customers in the power battery market[33]. - The company aims to enhance its new energy battery business by focusing on customer demand, technological innovation, and developing high energy density, high reliability, and long-life battery products[78]. - The company plans to implement a dual-drive strategy for energy storage and power, focusing on technology enhancement, capacity construction, cost reduction, organizational optimization, and team building[79]. - The company is exploring potential mergers and acquisitions to expand its market presence and enhance its competitive edge[99]. - The company is actively pursuing market expansion and new investment opportunities to enhance its competitive position[126]. Research and Development - Research and development expenses increased by 117.93% to ¥93,904,361.62, primarily due to investments in the new energy battery business[55]. - The total R&D investment for 2021 was ¥103,015,728.17, up from ¥77,199,405.10 in 2020[58]. - The company has established advanced laboratories and testing centers for battery R&D, utilizing international advanced lithium-ion battery preparation technology[39]. - The company developed several new battery technologies, including LFP cells for A00/A0 level vehicles and high-nickel cells for vehicles with a range exceeding 600km[57]. Market Trends and Industry Conditions - The demand for new energy power batteries is expected to continue growing rapidly in the coming years, driven by the electrification of vehicles[4]. - In 2021, China's new energy vehicle production and sales reached 3.545 million and 3.521 million units, respectively, representing a year-on-year growth of 160%[31]. - The cumulative installed capacity of power batteries in China reached 154.5 GWh in 2021, with a year-on-year increase of 142.8%[33]. - The market share of new energy vehicles in China reached 13.4% in 2021, an increase of 8 percentage points year-on-year[31]. Corporate Governance and Shareholder Relations - The company held 1 annual general meeting and 6 extraordinary general meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[87]. - The board of directors consists of 9 members, including 3 independent directors, meeting the requirements of relevant laws and regulations[88]. - The supervisory board has 3 members, including 1 employee representative, effectively supervising the company's major matters and financial status[89]. - The company emphasizes information disclosure and investor relations, ensuring accurate and timely information is provided through designated media[89]. - The company has established a mechanism for dividend distribution to ensure continuity and stability[196]. - The company plans to distribute dividends in cash, with at least 20% of the annual distributable profit allocated for this purpose[196]. Financial Management and Capital Structure - The company will not distribute cash dividends or issue bonus shares for the year[6]. - The company approved a proposal for a specific stock issuance to certain investors, which is expected to enhance its capital structure and support future growth initiatives[96]. - The company has received approval for a capital reduction plan, which is expected to optimize its capital structure and improve financial flexibility[97]. - The company plans to address the dilution of immediate returns from stock issuance through compensatory measures[119]. Operational Efficiency and Risk Management - The company aims to improve internal control mechanisms and risk management to enhance operational standards and attract high-end talent[4]. - The company has implemented effective measures to protect the rights of stakeholders and enhance social responsibility[90]. - The company has committed to ensuring that all disclosed information is truthful and accurate[183]. - The company will strengthen the management of raised funds to ensure compliance and effective use[190]. Employee and Labor Relations - The total number of employees at the end of the reporting period was 659, with 20 from the parent company and 639 from major subsidiaries[132]. - The professional composition included 367 production personnel, 35 sales personnel, and 120 technical personnel[133]. - The company has implemented a strict compliance with labor laws and established a comprehensive human resource management system[134]. - The company conducted various training programs, including specialized training for systems like MES, BPM, and SAP to enhance operational efficiency[135]. Environmental and Social Responsibility - The company has committed to avoiding related party transactions to ensure fair decision-making processes[157]. - The company has actively pursued innovation and improvement in its operations to achieve harmonious development with society and the environment[152]. - The company has maintained a strong focus on product quality and customer satisfaction to enhance customer loyalty[153]. - The company has committed to not transferring benefits to other entities or individuals under unfair conditions[185].