Securities code: Shenzhen Xfh Technology Co.Ltd(300890) securities abbreviation: Shenzhen Xfh Technology Co.Ltd(300890) Announcement No.: 202206 Shenzhen Xfh Technology Co.Ltd(300890) 2021 annual report summary I. important tips the summary of this annual report is from the full text of the annual report, in order to fully understand the company's operating results, financial status and future development plan, Investors shall carefully read the full text of the annual report in the media designated by the CSRC. In addition to the following directors, other directors attended the meeting of the board of directors to consider the annual report in person
Name of director not present in person position of director not present in person reason for not attending the meeting name of the entrusted person
The audit opinion of Zhonghua Certified Public Accountants (special general partnership) on the company's financial report this year is: standard unqualified opinion. Changes of accounting firm during the reporting period: the accounting firm of the company changed from to Zhonghua accounting firm (special general partnership) this year. Tips of non-standard audit opinions □ applicable √ not applicable when the company is listed and is not profitable at present □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Shenzhen Xfh Technology Co.Ltd(300890) stock code Shenzhen Xfh Technology Co.Ltd(300890)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: ye Wenguo, Gao Yizhen
Office address: unit J, 20 / F, block C, building 9, Baoneng Science Park, No. 1, Qingxiang Road, Longhua street, Longhua District, Shenzhen, Guangdong Province
Fax: 075527289066
Tel: 075527289799
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
1. Main business and products
The company is mainly engaged in the R & D, production and sales of lithium battery cathode materials. Since its inception, the company has always adhered to customer-centered, market-oriented, and provided customers with better products and services through continuous product and technological innovation. It is an advanced supplier of lithium battery cathode materials in China. The company's current products are mainly graphite cathode materials, which are widely used in lithium battery fields, including power (electric vehicles, such as new energy vehicles, electric bicycles, etc.), 3C consumer electronics and industrial energy storage. In terms of development strategy, the company will focus on the mission of strengthening and expanding the new carbon material industry in the future, and strive to build the company into a first-class manufacturer of new carbon materials based on carbon and integrating R & D and production. At present, the company has involved in the field of new carbon materials such as silicon carbon anode, B-type titanium dioxide and graphene, and has the basic conditions for industrialization.
2. Main business model
Since the establishment of the company, the company has been engaged in the R & D, production and sales of lithium battery cathode materials. It adopts the business mode of setting production by sales and direct sales. It obtains income and profits by selling graphite cathode materials. The business model is mature and stable.
(1) R & D mode
The company has R & D center, R & D department and technology department. The R & D center is divided into powder engineering center, powder physical and chemical performance testing center, powder electrical performance testing center and material characterization center; The R & D part includes R & D group I (development of graphite lithium battery cathode materials), R & D group II (development of non graphite lithium battery cathode materials) and R & D group III (development of other new carbon materials); The technical part consists of product group and process group. The company has a high-quality engineering, technology and R & D team, which is engaged in the cutting-edge technology tracking of lithium-ion battery cathode materials and new carbon materials. It is responsible for the testing, demonstration and testing of new products and new process routes, as well as the industrialization of newly developed products and the preparation of small-scale and pilot test samples.
(2) Procurement mode
The main raw materials of the company are various specifications of primary graphite and coke raw materials, and the auxiliary materials are asphalt, carbon black or other high molecular polymers. The energy and power required by the company are mainly electricity.
The company mainly adopts the procurement mode of "production based procurement", and the procurement department implements the procurement demand every month according to the procurement plan issued by the production department. All raw materials required for production shall be purchased by the purchasing department after fully comparing the prices of the manufacturers listed in the company's list of qualified suppliers. The development of new suppliers must pass the qualification examination of relevant departments such as technology, quality, procurement and production. Only those who pass the review can enter the list of qualified suppliers. Every year, Shenzhen Xfh Technology Co.Ltd(300890) continuously evaluates, scores and classifies qualified suppliers from the aspects of product quality, supply speed, product price, after-sales service and other performances, and treats different types of suppliers differently in subsequent cooperation.
The graphite chemical process of the company's artificial graphite production is completed by outsourcing. Through years of cooperation, the company has formed a relatively stable graphitization cooperation unit. The company reviews the product quality, delivery date, price and other important terms of each partner every year according to the qualified supplier management system to determine the priority cooperation object. In the process of outsourcing processing and production, the company sends special personnel to track the whole process and carry out strict quality inspection to ensure that the quality meets the standard.
(3) Production mode
The company adopts the production mode of "order based production supplemented by planned production". The production department shall formulate the production plan for the next month according to the customer order and the sales plan predicted by the sales department, combined with the actual inventory of finished products, the shipment of the previous month and the production capacity of the workshop.
During the actual operation of the current period, the production department reasonably adjusts the production plan according to the specific order to ensure on-time delivery to meet the needs of customers.
(4) Sales model
The company adopts direct selling mode. The specific process is as follows: the salesperson visits the target customers, communicates and understands their specific needs, recommends appropriate products, and finally achieves sales through product testing, business condition negotiation, etc. The company also provides technical support and services before, during and after sales to help customers solve problems in the use of products. The company's sales business implements the whole link process management from developing and maintaining customers to product delivery control, sales collection, after-sales service and so on. According to the changes of market conditions and customers' own reasons, different credit rating is adopted. For customers with poor credit rating, Shenzhen Xfh Technology Co.Ltd(300890) will properly control the delivery volume and delivery time, and strictly collect the payment for goods.
3. Overview of operating results
In 2021, driven by market demand and the goal of "double carbon", despite the shortage of chips, the impact of the epidemic and the decline of subsidies, the market demand for new energy vehicles remained strong, and the sales volume of Shanxi Guoxin Energy Corporation Limited(600617) vehicles and the installed capacity of power batteries increased significantly. Benefiting from the rising prosperity of the new energy industry and the impact of demand growth, the company's business has developed rapidly. During the reporting period, the company achieved an operating revenue of 11182408 million yuan, an increase of 168.78% over the same period of last year, and a net profit attributable to shareholders of listed companies of 1026567 million yuan, an increase of 206.95% over the same period of last year. 3. Main accounting data and financial indicators (1) whether the company needs to retroactively adjust or restate the accounting data of previous years in recent three years □ yes √ no
Unit: Yuan
Year end 2021 year end 2020 year end increase or decrease over the previous year year end 2019 year end
Total assets 236136762193155634749074 51.72% 117132704739
Net assets attributable to shareholders of the listed company 114680609699102371815684 12.02% 654763461 eleven
20212020 year-on-year increase or decrease 2019
Operating income 11182408083641 Jiang Su Wujin Stainless Steel Pipe Group Co.Ltd(603878) 891 168.78% 164552880936
Net profit attributable to shareholders of listed company 99839401254545305410 119.65% 26168885767
Net profit attributable to shareholders of listed companies after deducting non recurring profits and losses of 102656735433344358565 206.95% 35039124867
Net cash flow from operating activities 24393911892092716100 16.57% 6543460438
Basic earnings per share (yuan / share) 0.9984 0.559478.48% 0.8225
Diluted earnings per share (yuan / share) 0.9780 0.559474.83% 0.8225
Weighted average return on net assets 9.21%, 5.99%, 3.22%, 9.89%
Note: 1 during the reporting period, the company achieved an operating revenue of 11182408 million yuan, an increase of 168.78% over the same period of the previous year, mainly due to the rising prosperity of the new energy industry and the growth of downstream demand, resulting in a significant increase in the company's sales and operating revenue year-on-year.
2 during the reporting period, the company granted 5 million class II restricted shares, and the share based payment settled by equity in this year was 332485 million yuan. After deducting the above share based payment expenses, the company realized a net profit attributable to the shareholders of the listed company of 998394 million yuan, a year-on-year increase of 119.65%, mainly due to the increase of income. 3 during the reporting period, the details of the company's non recurring profit and loss are detailed in "section II, VIII non recurring profit and loss items and amounts". (2) Quarterly main accounting data
Unit: Yuan
First quarter second quarter third quarter fourth quarter
Operating income 15 China Coal Xinji Energy Co.Ltd(601918) 9092258598785230808942827231746
Net profit attributable to shareholders of the listed company 20107150542259144818 13,796223.58 43,344578.95
The deduction attributable to the shareholders of the listed company is not subject to 1745412878208528759511152423745319730696 net profit from recurring profit and loss
Net cash flow from operating activities 2482050259 -279929307 -3887234856259937
