XFH(SZ:300890)2022-03-02 16:00Financial Performance - The company's operating revenue for 2021 reached ¥1,118,240,808.36, representing a year-on-year increase of 168.78%[24]. - The net profit attributable to shareholders was ¥99,839,401.25, a growth of 119.65% compared to the previous year[24]. - The net profit after deducting non-recurring gains and losses was ¥102,656,735.43, marking a significant increase of 206.95% year-on-year[24]. - The total assets at the end of 2021 amounted to ¥2,361,367,621.93, up 51.72% from the previous year[24]. - The basic earnings per share for 2021 was ¥0.9984, an increase of 78.48% compared to ¥0.5594 in 2020[24]. - The company reported a net cash flow from operating activities of ¥24,393,911.89, which is a 16.57% increase from the previous year[24]. - In Q4 2021, the operating revenue was ¥428,272,317.46, contributing to a total annual revenue growth[27]. - The company experienced a significant increase in sales volume and revenue due to the rising demand in the new energy sector[24]. - The sales volume of lithium battery materials reached 39,865.19 tons in 2021, a year-on-year increase of 174.48% compared to 14,523.81 tons in 2020[55]. - The production volume for the same period was 39,270.94 tons, up 125.96% from 17,379.15 tons in 2020[55]. Market and Product Development - The company is focusing on developing high-value-added products to stabilize gross margins amid increasing competition and raw material costs[9]. - The company aims to strengthen its position in the new carbon materials industry, with ongoing developments in silicon-carbon anodes and graphene[39]. - The company is actively expanding into international markets, engaging with major battery manufacturers in South Korea and Japan[47]. - The company plans to enhance its production capacity by completing its self-built graphitization project in Fujian within the year, which is expected to improve cost control[8]. - The company is committed to continuous technological innovation to enhance product competitiveness and efficiency[9]. - The company has established a comprehensive R&D structure, including multiple specialized centers for powder engineering and material characterization[40]. - The company is developing high-capacity silicon-carbon anode materials with a target capacity of over 450mAh/g and first-cycle efficiency exceeding 85%[66]. - The company is working on high-temperature gas-cooled reactor graphite materials, meeting mechanical performance and neutron radiation requirements[66]. - The company is conducting customer tests for high-power artificial graphite anode materials, which are suitable for various electric tools and hybrid vehicles[65]. Raw Material and Cost Management - The company reported a significant increase in revenue driven by the sales of graphite anode materials, with a notable rise in raw material prices impacting profitability[6]. - The company is actively monitoring raw material price trends and has implemented strategies to mitigate the impact of price fluctuations on profits[6]. - The average selling price of graphite anode materials increased significantly, with raw material costs rising by 150.65% to CNY 493,890,130.36, accounting for 59.94% of total operating costs[58]. - The total operating costs for the main business increased by 184.45% to CNY 823,906,968.29, driven by higher sales volume and increased processing fees due to supply constraints[58]. - The company acknowledges risks related to external processing costs and is taking measures to manage these risks effectively[8]. Corporate Governance and Shareholder Engagement - The company has improved its governance structure and completed a self-inspection report and rectification plan during the reporting period[117]. - The company ensures equal information access for all shareholders through various communication channels, including phone and website interactions[120]. - The company held its annual general meeting with a participation rate of 66.02% on May 12, 2021[123]. - The company has established a structured remuneration system for its directors and senior management, aligning their interests with company performance[140]. - The company has implemented a stock incentive plan for its senior management, which is reflected in their reported remuneration[143]. - The company has established a robust internal control system to enhance corporate governance and operational compliance[177]. Environmental and Social Responsibility - The company emphasizes safety production and environmental awareness to ensure sustainable development in 2022[113]. - The company has signed agreements with state-owned forest farms to indirectly reduce carbon emissions through carbon forest planting[114]. - The company has installed waste gas treatment equipment, effectively improving emissions and reducing electricity consumption through various energy-saving measures[176]. - The company actively participated in social welfare activities, including educational sponsorships and donations totaling 1.96 million yuan for various causes[188]. - The company has implemented a comprehensive employee welfare program, including free accommodation and recreational facilities[183]. Future Outlook and Strategic Plans - The company plans to enhance its product research and development capabilities and technical innovation to strengthen its core competitiveness in the industry[157]. - The company aims to expand its production capacity to over 900,000 tons in the coming years, with a focus on high-end graphite anode materials[106]. - The company plans to use no more than RMB 1.3 billion of idle raised funds for cash management within a 12-month period[92]. - The company is committed to increasing its international market share and targeting high-quality domestic clients to boost sales[109]. - Future guidance indicates a projected revenue growth of 20% for the next fiscal year, aiming for 1.44 billion RMB[138].