NBSS(SH:600884)2024-05-09 01:51Financial Performance - The company's operating revenue decreased by 12.13% to approximately CNY 19.07 billion in 2023, down from CNY 21.70 billion in 2022[29]. - The net profit attributable to shareholders dropped by 71.56% to approximately CNY 765.34 million in 2023, compared to CNY 2.69 billion in 2022[29]. - The company reported a significant decline in cash flow from operating activities, with a net outflow of approximately CNY 198.13 million in 2023[29]. - The weighted average return on equity decreased by 9.58 percentage points to 3.35% in 2023, down from 12.93% in 2022[29]. - The net profit attributable to shareholders was CNY 76,533.78 million, down 71.56% year-on-year[43]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 21,886.44 million, a decline of 90.60% year-on-year[43]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares, totaling RMB 438,585,378.60 (including tax) based on 2,192,926,893 shares available for distribution[5]. Market Position and Growth - The company ranked first globally in the production of artificial graphite anode materials for three consecutive years[14]. - The company maintained a leading global market share, further solidifying its position as an industry leader[42]. - The company’s polarizer business is a leader in the global market, following the acquisition of LG Chem's LCD polarizer business in 2021[8]. - The company has established stable relationships with major panel manufacturers, ensuring a consistent customer base[23]. - The company’s two core businesses, negative materials and polarizers, both saw year-on-year sales growth, outpacing the industry average[42]. Production and Sales - In 2023, the global production of anode materials reached 1.7621 million tons, a year-on-year increase of 20%[16]. - Global sales of new energy vehicles reached 14.653 million units in 2023, a year-on-year increase of 35.4%[16]. - The global energy storage battery shipment volume reached 224.2 GWh in 2023, a year-on-year increase of 40.7%[16]. - The production model is primarily "sales-driven," with production plans based on customer demand and historical sales data[22]. - The company has deepened cooperation with leading battery manufacturers, resulting in significant year-on-year growth in sales to key customers[17]. Strategic Focus - The company has divested from non-core businesses, including electrolyte and photovoltaic segments, focusing on core anode and polarizer businesses[8]. - The company is actively focusing on its core strategy, accelerating the divestment of non-core businesses and inefficient assets[43]. - The company plans to enhance its competitiveness in high-end LCD, OLED, and automotive products, with a focus on differentiated technologies[28]. - The shift of panel production capacity to mainland China is expected to increase domestic demand for upstream polarizers, benefiting local manufacturers[26]. - The company continues to implement cost reduction measures to provide high-quality products and services[42]. Challenges - The company faced significant challenges due to a slowdown in terminal demand and price declines in the lithium battery materials sector[43]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 172,201[34]. - The largest shareholder, Shanshan Group, held 782,222,036 shares, accounting for 34.64% of total shares, with 566,043,870 shares pledged[35]. Technical Advancements - The company has established a strong technical barrier in fast-charging products, maintaining a leading position in downstream application share[14]. - The company’s anode materials are primarily used in electric vehicles, consumer electronics, and energy storage sectors[9]. - The company's market share for large-size polarizers increased from 30% in 2022 to 33% in 2023, maintaining the global leading position[24].