Financial Performance - Gross profit increased by approximately 38.27% to about RMB 6.39 billion[2] - Shareholders' profit attributable increased by approximately 38.19% to about RMB 1.80 billion[2] - Basic earnings per share increased by approximately 39.13% to about RMB 1.60[2] - Total comprehensive income for the year was RMB 2.13 billion, compared to RMB 1.45 billion in the previous year[5] - The profit for the year was RMB 1,551,212 thousand, down 25.4% from RMB 2,079,678 thousand in the previous year[15] - The net profit margin improved from 1.81% in 2021 to 2.79% in 2022, reflecting enhanced profitability[79] Revenue and Sales - Revenue for the year ended December 31, 2022, was RMB 74.60 billion, a decrease from RMB 85.62 billion in the previous year[4] - The group's total revenue for the year ended December 31, 2022, was RMB 85,615,917 thousand, a decrease of 1.4% from RMB 86,041,456 thousand in 2021[15] - Manufacturing business external sales reached RMB 41,971,044 thousand, up 10.4% from RMB 37,920,576 thousand in the previous year[15] - Trade external sales decreased to RMB 32,627,597 thousand from RMB 47,695,341 thousand, representing a decline of 31.6%[15] - Revenue from lead-acid battery products was RMB 35,747,300 thousand, up from RMB 31,820,839 thousand, reflecting a growth of 12.1%[19] - The group's lead-acid battery business achieved revenue of approximately RMB 35.11 billion, representing a year-on-year growth of about 12.31%[46] - The lithium-ion battery business achieved revenue of approximately RMB 1.602 billion, representing a year-on-year growth of about 62.30%[55] - The lithium-ion energy storage segment generated revenue of approximately RMB 524 million, with a significant year-on-year increase of approximately 353.51%[56] - The hydrogen fuel cell business reported revenue of approximately RMB 63.39 million during the reporting period[60] Costs and Expenses - Research and development costs for the year were RMB 1.62 billion, up from RMB 1.48 billion in the previous year[4] - Distribution and selling costs increased by approximately 18.53% from RMB 1.037 billion in 2021 to RMB 1.229 billion in 2022, mainly due to rising transportation costs[74] - Administrative expenses increased by approximately 37.75% from RMB 989 million in 2021 to RMB 1.363 billion in 2022, driven by higher employee costs and consulting fees[75] - The total financing costs for the year ended December 31, 2022, amount to RMB 340,738,000, an increase from RMB 254,089,000 in 2021[27] - The income tax expense for the year ended December 31, 2022, is RMB 659,163,000, compared to RMB 285,730,000 in 2021[28] - The total employee costs for the year ended December 31, 2022, are RMB 2,706,962,000, a decrease from RMB 3,276,024,000 in 2021[31] Assets and Liabilities - Non-current assets increased to RMB 13.60 billion from RMB 9.65 billion in the previous year[6] - Current assets increased to RMB 26.54 billion from RMB 23.09 billion in the previous year[6] - Current liabilities increased to RMB 20.37 billion from RMB 15.29 billion in the previous year[7] - The company's total assets grew by approximately 22.59% from RMB 32.739 billion in 2021 to RMB 40.136 billion in 2022, with non-current assets increasing by about 40.87%[77] - Total liabilities increased by approximately 32.30% from RMB 17.362 billion in 2021 to RMB 22.970 billion in 2022, with current liabilities rising by about 33.27%[78] Dividends and Shareholder Information - The proposed final dividend is HKD 0.40 per share[2] - The company declared a final dividend of HKD 0.40 per share (equivalent to approximately RMB 34.84) for the year ended December 31, 2022[33] - Basic earnings per share rose to RMB 1.60 from RMB 1.15, with a proposed dividend of 40.00 HKD cents per share[84] Strategic Initiatives and Developments - The company has established subsidiaries in Hong Kong and Nigeria, and set up overseas offices in Vietnam, India, and the Netherlands to enhance international business expansion[43] - The company is focusing on dual technology routes with lead-acid and lithium-ion batteries to drive sustainable development in the new energy sector[42] - The company has increased its research and development efforts in new battery technologies, including fuel cells and sodium-ion batteries, to enhance its competitive edge[43] - The company has established strategic partnerships with major enterprises such as State Grid and China Huaneng Group to promote new energy and energy storage development models[57] - The company plans to enhance global energy cooperation and expand its market presence through a more open and integrated approach[71] Operational Metrics - The company employed 26,971 staff as of December 31, 2022, up from 25,618 in the previous year, with employee costs totaling approximately RMB 3.26 billion[90] - The cash net amount from operating activities decreased to approximately RMB 1.590 billion in 2022 from RMB 2.105 billion in 2021, mainly due to increased production capacity and inventory growth[76] - Inventory turnover days increased by 10 days to 30 days due to increased production capacity and inventory in 2022[82] - Accounts receivable turnover days increased by 2 days to 8 days, attributed to growth in primary market sales[82] Governance and Compliance - Deloitte has confirmed the financial statements for the year ending December 31, 2022, ensuring the accuracy of the reported figures[97] - All directors have confirmed compliance with the standard code for securities trading throughout the year ending December 31, 2022[98] - The company has adopted the corporate governance code as per the listing rules for the year ending December 31, 2022, with the exception of certain provisions[96] Future Outlook - The company aims to build a trillion-level industrial ecosystem around lead-acid and energy storage sectors, focusing on technological innovation and strategic layout[70] - Future plans include further automation in production to reduce labor costs amid rising labor expenses in China[92]
天能动力(00819) - 2022 - 年度业绩