CNGR(SZ:300919)2022-03-15 16:00Dividend Distribution - The company plans to distribute a cash dividend of 1.68 CNY per 10 shares to all shareholders, based on a total of 605,673,053 shares[2]. - The company has not issued any bonus shares or capital reserves for the current fiscal year[2]. - The company has a clear and transparent cash dividend policy, ensuring compliance with its articles of association and shareholder resolutions[132]. Financial Performance - The company's operating revenue for 2021 was ¥20,072,491,322.92, representing a 169.81% increase compared to ¥7,439,624,072.44 in 2020[13]. - The net profit attributable to shareholders for 2021 was ¥938,952,084.15, a 123.48% increase from ¥420,159,388.57 in 2020[13]. - The total assets at the end of 2021 reached ¥28,199,762,284.09, a 185.88% increase from ¥9,864,111,074.13 at the end of 2020[13]. - The basic earnings per share for 2021 was ¥1.64, doubling from ¥0.82 in 2020[13]. - The company reported a total revenue of 170,265,083.35 CNY, with a significant increase in non-operating income of 7,446,493.30 CNY[17]. Research and Development - The report highlights the company's commitment to research and development in new materials and technologies[6]. - The company's R&D investment was ¥76,919,620, reflecting a year-on-year growth of 184.77%[34]. - The company has developed several core technologies, including single crystal precursor synthesis and quantitative continuous nucleation methods[39]. - The company is investing 100 million yuan in research and development to innovate new technologies in the next year[189]. Market Expansion and Strategy - The company is positioned to expand its market presence through strategic partnerships and acquisitions in the new energy sector[6]. - The company plans to continue expanding its market presence and investing in new technologies to enhance product performance[8]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[102]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 25%[102]. Environmental Management - The company has established a complete environmental management system and obtained ISO 14001 certification[145]. - The company has implemented measures to reduce carbon emissions and established a carbon management system[148]. - The company reported no significant environmental incidents or administrative penalties during the reporting period[148]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of investor interests[89]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal requirements for composition[90]. - The company has implemented a performance evaluation and incentive mechanism for directors, supervisors, and senior management, ensuring transparency in appointments[90]. Cash Flow and Financing - The company reported a net cash flow from operating activities of -¥1,658,738,594.58 for 2021, a significant decrease from ¥463,587,801.66 in 2020[13]. - Net cash flow from financing activities increased by 473.72% to ¥11,264,572,573.35 in 2021 from ¥1,963,435,606.63 in 2020, driven by increased fundraising and bank loans[57]. - The company plans to issue shares to specific targets in 2021, with a detailed feasibility analysis and shareholder return plan for the next three years (2021-2023)[116]. Employee Management - The total number of employees at the end of the reporting period was 7,127, with 5,109 in production, 563 in technology, and 1,307 in administration[127]. - The company emphasizes employee training, with a structured program that includes both internal and external training tailored to employee needs and company development[130]. - The company has a strict salary policy that includes performance bonuses based on individual and company performance, ensuring fair and competitive compensation[129]. Strategic Partnerships - The company has established stable partnerships with leading battery manufacturers, including LG Chem and Tesla, enhancing its position in the lithium-ion battery supply chain[26]. - The company has established long-term partnerships with renowned suppliers such as ATL, Glencore, and BHP to ensure stable supply and quality of raw materials[27]. Risk Management - The company has implemented a pricing mechanism based on raw material costs plus processing fees, ensuring competitive pricing for its products[28]. - The company is enhancing its raw material procurement strategy to mitigate price volatility risks by synchronizing raw material procurement with product sales orders[86]. Future Outlook - The company anticipates continued growth in the electric vehicle market, with global EV sales reaching 6.5 million units in 2021, a 109% increase year-on-year[21]. - The overall market for new energy vehicles is expected to continue its upward trend, supported by favorable government policies and increasing consumer demand[21]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% based on new product launches and market expansion strategies[191].