Financial Performance - The company's revenue for the year was approximately RMB 3.1931 billion, representing an increase of about 8.3% compared to last year (RMB 2.9489 billion) [7]. - The gross profit for the year was approximately RMB 3.702 billion, which is an increase of about 11.3% from last year's RMB 3.324 billion [7]. - The net profit attributable to the company was approximately RMB 417 million, down from RMB 516 million in the previous year [7]. - The basic earnings per share for the year were RMB 0.38, compared to RMB 0.47 in the previous year [7]. - Total revenue for the year ended December 31, 2022, was RMB 31,930,551 thousand, an increase from RMB 29,488,819 thousand in 2021, representing a growth of approximately 8.3% [30]. - Gross profit for 2022 was RMB 3,701,517 thousand, compared to RMB 3,324,497 thousand in 2021, indicating a year-over-year increase of about 11.3% [30]. - Net profit for the year was RMB 587,849 thousand, up from RMB 535,085 thousand in the previous year, reflecting an increase of approximately 9.8% [30]. - The company reported a total comprehensive income of RMB 580,276 thousand for 2022, compared to RMB 539,204 thousand in 2021, which is an increase of approximately 7.6% [30]. Taxation and Expenses - The total income tax expense for the year was RMB 230.228 million, a decrease from RMB 249.532 million in the previous year [5]. - The company reported a tax impact of RMB 204.519 million based on a statutory income tax rate of 25% [5]. - The company experienced a decrease in the tax impact from unrecognized tax losses and temporary differences, amounting to RMB 144.906 million, down from RMB 190.631 million in the previous year [5]. - The deferred tax liabilities decreased from RMB 20,877 thousand to RMB 10,000 thousand, a significant drop of about 52.1% [19]. - The actual tax rate for the year was approximately 28.1%, down from 31.8% in the previous year, mainly due to the reduction of previously unrecognized tax losses and temporary differences [146]. Research and Development - The company's research and development expenses recognized for the year were RMB 1.097 billion, up from RMB 929.292 million in the previous year [11]. - The group invested approximately RMB 1.097 billion in R&D, which accounted for about 3.4% of total revenue, focusing on core technology and product development [95]. - Research and development expenses increased to approximately RMB 1,097,402,000, an increase of about 18.1% from RMB 929,292,000 in the previous year, mainly due to increased R&D spending on lead-acid batteries and other new technology products [123]. Employee Costs - The total employee costs, including directors' remuneration, amounted to RMB 1.904 billion, compared to RMB 1.566 billion in the previous year [11]. - The total employee cost for the year was approximately RMB 1,904,042,000 [167]. - The company continues to enhance employee training, focusing on management and professional technical personnel [167]. Assets and Liabilities - Total current liabilities decreased from RMB 12,099,870 thousand to RMB 11,495,088 thousand, a reduction of approximately 5% [19]. - Total assets increased from RMB 8,083,892 thousand to RMB 8,483,247 thousand, reflecting a growth of approximately 4.9% [19]. - Total equity rose from RMB 6,380,685 thousand to RMB 6,810,306 thousand, an increase of around 6.7% [19]. - The company's retained earnings increased from RMB 5,523,236 thousand to RMB 5,819,442 thousand, showing a growth of about 5.4% [19]. - The company reported a decrease in borrowings from RMB 4,698,121 thousand to RMB 4,195,517 thousand, a reduction of approximately 10.7% [19]. - The group's debt net amount, including borrowings and lease liabilities, was approximately RMB 2,586,765,000, compared to RMB 2,150,287,000 on December 31, 2021 [147]. Sales and Revenue Breakdown - The company’s lithium-ion battery sales reached RMB 362,426,000 in 2022, up from RMB 245,914,000 in 2021, marking an increase of approximately 47.3% [63]. - The company’s lead-acid battery sales were RMB 19,471,287,000 in 2022, compared to RMB 16,038,462,000 in 2021, representing a growth of about 21.4% [63]. - Sales revenue from lead-acid batteries increased by 15.3% to approximately RMB 27.93 billion, accounting for about 87.5% of total revenue [91]. - Sales revenue from electric bicycle batteries rose by 21.4% to approximately RMB 19.47 billion, representing about 61% of total revenue [91]. - The sales revenue from electric tricycle batteries and special-purpose electric vehicle batteries increased by 3.4% to approximately RMB 8.463 billion, accounting for about 26.5% of total revenue [91]. Corporate Governance and Compliance - The company has adopted a code of conduct for securities trading by directors and senior management, ensuring compliance with relevant regulations [170]. - The audit committee has reviewed the group's accounting principles and practices, confirming compliance with applicable accounting standards [172]. - The board believes that the current arrangement of having the chairman also serve as the CEO enhances operational efficiency [168]. Future Outlook and Strategy - The company aims to leverage market changes to adjust marketing and production strategies, focusing on technological innovation and green development to achieve its vision of becoming a top ten global new energy enterprise [137]. - The implementation of the new national standard for electric bicycles is expected to drive a replacement wave, benefiting leading companies in the industry [90]. - The introduction of new regulations for electric tricycles is expected to drive replacement demand and accelerate industry consolidation [108].
超威动力(00951) - 2022 - 年度业绩