Securities code: Guangdong Dazhi Environmental Protection Technology Incorporated Company(300530) securities abbreviation: ST Dazhi Announcement No.: 2022029 Hunan Lingpai Dazhi Technology Co., Ltd. 2021 annual report summary I. important tips the summary of this annual report comes 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 Tianjian 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 Tianjian 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 ST Dazhi stock code Guangdong Dazhi Environmental Protection Technology Incorporated Company(300530)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Shen Yumin, Zhang Xuewen
Office address: Mobile Internet, Hengzhou Avenue, high tech Zone, Hengyang City, Hunan Province Mobile Internet Industrial Park, Hengzhou Avenue, high tech Zone, Hengyang City, Hunan Province
Fax: 07348813813
Tel: 07348813813
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(I) main business, products and uses
1. New energy business battery
Adhering to the mission of “leading technology and surging power”, the company focuses on the R & D, production and sales of new energy vehicle power batteries, energy storage and other products, and is committed to providing first-class solutions for global new energy applications. The main products are power batteries and modules, comprehensively layout various application markets and model levels of passenger vehicles, and jointly promote the electrification and development of new energy vehicles with customers with competitive products and leading technology Intellectualization and networking.
2. Surface engineering chemicals business
Since its establishment, the company has been committed to the R & D, production and sales of new environmental protection surface engineering chemicals, providing users with integrated solutions such as new environmental protection technology, products, application process and after-sales service, which can effectively promote the cleaner production process, efficient production process and environmental protection of product quality of downstream enterprises. The new environmental protection surface engineering chemicals produced by the company can replace and upgrade the traditional surface engineering materials and processes. The products can be mainly divided into coating additives and coating intermediates. Coating additives are mainly used in the production and processing of industrial products of downstream coating and processing enterprises, which can effectively reduce the wastewater treatment pressure of downstream production and processing enterprises, greatly improve the qualification rate of one-time production and processing products, reduce the energy and material consumption caused by rework, and finally apply to the surface engineering fields of automobile, machinery, electronic materials, coatings, construction, shipbuilding, aerospace and other industries; Coating intermediates are mainly used in the production of coating additives.
(II) business model
1. New energy battery business
During the reporting period, the company vigorously promoted the construction of power battery capacity, reached the first 1.8gwh power battery production line in the fourth quarter of 2021, and realized batch delivery. In terms of R & D, the company adopts the R & D mode dominated by independent R & D, and makes R & D investment in differentiated products such as ternary high energy density, lamination technology and fast charging. The high-performance power battery R & D center invested and constructed by its subsidiary Suzhou Lingpai was unveiled and gradually put into use during the reporting period. At present, it has formed a certain ability of cell and module design, trial production, commissioning and verification, Provide strong support for the company’s power battery and battery system product research and development. In terms of procurement, the company has opened up the supply chain system construction of the first product and realized batch supply. In terms of production, the company mainly produces according to customer orders, supplemented by planned production. In terms of marketing, the company will mainly adopt the direct sales mode. It has conducted preliminary contact and product demand discussion with several large automobile enterprises in China, and improved its popularity in the industry and carried out market development by participating in industry forums, professional exhibitions and other diversified ways; During the reporting period, the first customer product announcement and batch supply have been realized.
2. Surface engineering chemicals business
The company’s surface engineering chemicals business has an independent R & D, procurement, production and sales system, which mainly makes profits through the sales of coating additives, coating intermediates and other products. In terms of R & D, through the combination of independent R & D and “production, learning and research” cooperative R & D, while relying on the independent R & D of the company’s R & D team and core technicians, the company has carried out the development of new products and new technologies through cooperation with major scientific research institutes, and achieved industry-leading results in the industrialization of new environmental protection coating intermediates and other process technologies. In terms of procurement, on the basis of considering market factors, the company purchases raw materials required for production through negotiation and pricing, and ensures the stability of the company’s procurement by establishing a stable procurement system and establishing a quality control management system related to raw material procurement. In terms of production, the company organizes and arranges production according to the seasonal demand changes of the industry according to the market sales situation and market demand forecast of each product and on the basis of referring to customer orders.
In terms of marketing, the company mainly adopts the direct selling mode, and its products are mainly sold to downstream coating production and processing enterprises and coating additive manufacturers. In the international market, the company has the right of self import and export, and is sold to overseas markets by means of independent export and agency export of import and export companies. The company formulates the expected selling price of products according to the product cost and expected gross profit margin, and makes appropriate adjustment to the specific selling price by comprehensively considering different customer types, customer scale, product launch time and other factors.
(III) main performance drivers
1. New energy business battery
Since 2021, the new energy vehicle market has continued to improve, driving the rapid increase in the demand for lithium-ion power batteries. At present, the competition among China Shanxi Guoxin Energy Corporation Limited(600617) power battery enterprises is fierce and the market tends to be concentrated, but the power battery market is still growing. The expanding incremental market provides market opportunities for new power battery enterprises with R & D technology advantages. The company will seize the window of the development of electrification in the global automotive industry and meet the diversified needs of different customers for new energy power batteries by promoting the R & D and mass production of core products, carrying out the R & D and reserve R & D of cutting-edge products, and strengthening the in-depth cooperation with downstream customers.
2. Surface engineering chemicals business
According to different downstream application fields, surface engineering chemicals can be divided into PCB electronic chemicals, flat panel display electronic chemicals, integrated circuit electronic chemicals, etc. According to the Research Report on China’s surface engineering chemicals industry from 2019 to 2025 issued by Sinopharm Research Institute, the global market scale of electronic chemicals for PCB will maintain an average annual growth rate of about 3% from 2019 to 2024, while China may maintain an average annual growth rate of about 5%; Electronic chemicals for flat panel display are expected to reach US $51 billion in global market and US $21 billion in Chinese market in 2024, with compound growth rates of about 10% and 15% from 2019 to 2024 respectively; Electronic chemicals for integrated circuits with the continuous expansion of the market for integrated circuits, especially the increasing demand in the markets of developing countries, it is expected that the market of relevant electronic chemicals will continue to grow. It is expected that the global market and Chinese market will reach 85 billion US dollars and 35.7 billion US dollars respectively in 2024. The company has been deeply engaged in the surface engineering industry for many years. At present, it is in a leading position in the industry, and has formed strong competitive advantages in core technology, talents, environmental protection, brand and business location.
(IV) industry development
1. New energy business battery
Under the macro development situation of global carbon peak, carbon neutralization, the development of new energy vehicles is an important direction for China to become a powerful automobile country and reduce carbon emissions from the transportation industry. As a key component of new energy vehicles, power battery plays an important role in the development of new energy vehicle industry and the transformation of vehicle energy demand structure. According to the data of China automotive power battery industry alliance, in 2021, the output of China Shipbuilding Industry Group Power Co.Ltd(600482) battery accumulated 219.7gwh, with a year-on-year increase of 163.4%, and the cumulative sales volume reached 186.0gwh, with a year-on-year increase of 182.3%. Compared with 2020, 2021 has achieved a significant growth, and the electrification process of the automobile industry is still accelerating. The development of new energy automobile industry will drive the further development of new energy industry chains such as power batteries. Power battery manufacturing is a capital and technology intensive industry. The competition of enterprises in the industry is reflected in R & D and production technology, scale effect, brand construction and so on. In recent years, the leading enterprises in the industry have made use of their own technology, capital and scale advantages to continuously increase R & D investment and expand planned production capacity, forming certain barriers to new entrants. At the same time, in order to ensure the security and stability of the power battery supply chain and reduce the cost of the whole vehicle to cope with the increasingly fierce industry competition, the vehicle enterprises also need to open up second suppliers to reduce the procurement concentration while cooperating with their main new energy power battery suppliers. High quality emerging battery enterprises are still expected to rise.
2. Surface engineering chemicals business
As a national strategic emerging industry, high-tech industry and the supporting industry of “made in China 2025”, the surface engineering industry has the characteristics of wide application, strong compatibility and high importance. Its development has been strongly supported by the national industrial policy. Surface engineering plays an important role in industry and manufacturing. It plays an extremely key role in modern industry and manufacturing, such as aerospace, automobile, shipbuilding, machinery, electronic materials and so on. In recent years, with the formulation and implementation of the national industrial adjustment plan, industrial integration has gradually become the focus of development, backward products and production capacity in the industry have been phased out, the industrial concentration will be further improved, and electroplating processing enterprises will gradually realize Park and large-scale. Such large enterprises put forward higher requirements for the production and environmental protection qualification, product quality and stability, supply and service capacity of upstream suppliers. Therefore, this will also promote the further high-quality development of advantageous enterprises in the industry. With the promotion of industrial upgrading and the improvement of the overall scientific research and technology level of the industry, the comprehensive strength of Chinese industry enterprises is also increasing, the gap with foreign enterprises is narrowing, and the proportion of domestic products in the medium and high-end market is expected to gradually rise. 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
By the end of 2021, by the end of 2020, by the end of 2019 compared with the end of last year
reduce
Total assets 183477730454109416590285 67.69% 57877097262
Net assets attributable to shareholders of listed companies 1878445340330879548357 – 39.17% 52419332907
20212020 year-on-year increase or decrease 2019
Operating income 1460167129611235753900 29.96% 17349978039
Net profit attributable to shareholders of listed companies
