MustangBattery(SH:605378)2021-11-11 07:34Group 1: Financial Performance - In 2021, the company achieved a revenue of ¥1,186,526,229.26, representing a year-on-year growth of 7.99% [3] - The net profit attributable to shareholders was ¥75,839,985.35, showing a decline of 35.87% compared to the previous year [3] - The company plans to address the issue of revenue growth without profit increase by adapting to market demands and expanding sales channels in 2022 [4] Group 2: Market Strategy and Operations - The company focuses on high-performance, environmentally friendly zinc-manganese batteries, with a product range that includes various alkaline and carbon batteries [3] - The operational model integrates research and development, procurement, production, and sales [3] - The company aims to enhance its marketing capabilities and adjust product prices in response to rising industry costs in 2022 [4] Group 3: Research and Development - The company holds 80 patents, including 20 invention patents, 59 utility model patents, and 1 design patent [2] - It has established a provincial-level high-tech enterprise research and development center, showcasing strong R&D capabilities [2] - The company is committed to continuous innovation and improving battery performance through partnerships and independent research [5] Group 4: Market Challenges and Future Outlook - The company is facing challenges due to rising raw material prices, particularly zinc and electrolytic manganese dioxide, which have impacted profit margins [4] - The ongoing geopolitical tensions, such as the Russia-Ukraine conflict, have led to increased prices for bulk raw materials, affecting sales [4] - The company envisions becoming a globally recognized leader in the zinc-manganese battery sector by enhancing product quality and service [5]