CNGR(SZ:300919)2023-04-26 16:00Financial Performance - The company's operating revenue for 2022 was ¥30,343,741,598.70, representing a 51.17% increase from ¥20,072,491,322.92 in 2021[13]. - The net profit attributable to shareholders for 2022 was ¥1,543,528,759.67, a 64.39% increase compared to ¥938,952,084.15 in 2021[13]. - The net profit after deducting non-recurring gains and losses was ¥1,109,059,455.92, up 44.28% from ¥768,687,000.80 in 2021[13]. - The total assets at the end of 2022 reached ¥53,874,678,701.90, a 91.05% increase from ¥28,199,762,284.09 at the end of 2021[13]. - The net assets attributable to shareholders increased by 68.03% to ¥16,521,952,975.65 from ¥9,832,492,979.69 in 2021[13]. - The basic earnings per share for 2022 was ¥2.52, a 53.66% increase from ¥1.64 in 2021[13]. - The company reported a negative net cash flow from operating activities of ¥4,953,567,118.52, worsening by 198.63% from ¥-1,658,738,594.58 in 2021[13]. - The company achieved quarterly revenues of ¥8,057,929,502.94 in Q4 2022, showing consistent growth throughout the year[14]. - The weighted average return on equity for 2022 was 14.02%, down from 19.89% in 2021[13]. Dividend Distribution - The company plans to distribute a cash dividend of 2.58 RMB per 10 shares to all shareholders, based on a total of 670,633,576 shares[2]. - The cash dividend for the 2021 fiscal year was set at 1.68 yuan per 10 shares, totaling approximately 173 million yuan, with a cash dividend payout ratio of 100%[139]. Research and Development - The company is focused on the development of new technologies and products in the lithium battery sector, which is critical for its growth strategy[6]. - The company is actively engaged in research and development of high-nickel ternary precursors, which are essential for advanced battery materials[6]. - The company has developed advanced synthesis technologies for precursors, including single crystal precursor synthesis and quantitative nucleation continuous synthesis, improving product performance and stability[24]. - The company’s R&D team has expanded from under 600 to over 900 personnel, enhancing its comprehensive R&D capabilities across multiple material systems[31]. - The company’s R&D investment in 2022 amounted to approximately ¥929.16 million, representing 3.06% of total revenue, a decrease from 3.83% in 2021[54]. Market Expansion and Strategy - The report indicates that the company is exploring market expansion opportunities, particularly in the renewable energy sector[6]. - The company is positioned to benefit from the extension of the electric vehicle purchase tax exemption policy until December 31, 2023, which is expected to stimulate demand[89]. - The company is actively pursuing technology advancements in precursor synthesis, including single crystal precursor synthesis and quantitative continuous precipitation methods[38]. - The company aims to enhance its core competitiveness by focusing on market expansion and maintaining strong relationships with key customers like Tesla and LG Chem[92]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[113]. Supply Chain and Procurement - The company sources raw materials primarily through a centralized procurement model, establishing long-term relationships with suppliers to ensure quality and stability[25]. - The total procurement amount from the top five suppliers is ¥14,330,622,862.65, accounting for 45.51% of the annual total procurement[47]. - The company has developed a strategic cooperation mechanism with suppliers to diversify its raw material sources and optimize supply chain management[96]. Governance and Compliance - The report emphasizes the importance of accurate financial reporting, with all board members present for the approval of the annual report[2]. - The company has a comprehensive governance structure in place to ensure compliance with regulatory requirements and enhance operational efficiency[4]. - The company has established a long-term value incentive system to motivate employees and attract talent for efficient expansion[96]. - The company is committed to transparent information disclosure and compliance with relevant regulations to protect investor interests[101]. Environmental Responsibility - The company strictly adheres to various environmental protection laws and standards, including the Environmental Protection Law of the People's Republic of China and the Air Pollution Prevention and Control Law[157]. - The company invested approximately CNY 17.87 million in environmental governance and protection in 2022, and paid CNY 267,000 in environmental protection tax[163]. - The company has implemented effective pollution control measures, with no environmental pollution incidents occurring during the reporting period[161]. Employee Management and Compensation - The company emphasizes a comprehensive salary system and incentive mechanisms to ensure fair and competitive compensation for employees[134]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 11.652 million yuan[119]. - The company has implemented a restricted stock incentive plan in April 2022 and an employee stock ownership plan in November 2022 to encourage long-term development[134]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.8 billion RMB[191]. - The company plans to launch three new products in Q2 2023, targeting a revenue contribution of 300 million RMB in the first year[174]. - The company is exploring potential acquisitions to strengthen its supply chain, with a budget of 500 million yuan allocated for this purpose[113].