证券代码：000898 证券简称：鞍钢股份 公告编号：2024-018 鞍钢股份有限公司 关于董事、高管辞任的公告 鞍钢股份有限公司 董事会 2024 年 4 月 26 日 | 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 | | --- | | 虚假记载、误导性陈述或重大遗漏。 | 因工作变动，田勇先生于 2024 年 4 月 26 日向鞍钢股份有限公 司（以下简称公司）董事会提交了书面辞职报告，申请辞去公司董事、 副总经理及董事会提名委员会委员职务。根据相关法律、法规、规范 性文件和《公司章程》的规定，田勇先生的辞任自其辞职报告送达公 司董事会时生效。 辞任后，田勇先生将不在公司及公司控股子公司担任职务。截 至本公告日，田勇先生持有公司 A 股股票 20.1 万股。田勇先生已承 诺离任后六个月内不主动转让其所持公司股份。田勇先生已确认，其 与公司、公司董事会及监事会之间无任何意见分歧，亦不存在任何与 其辞任有关的其他需要通知交易所和公司股东注意之事项。 公司董事会谨此向田勇先生在任职期间为公司做出的贡献表示 衷心地感谢。 特此公告。 ...

证券代码：000898 证券简称：鞍钢股份 公告编号：2024-017 鞍钢股份有限公司 关于 2020 年限制性股票激励计划预留授予部分 第一个解除限售期解除限售股份上市流通的提示性公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示 1. 鞍钢股份有限公司（以下简称公司）2020年限制性股票激励 计划（以下简称本次激励计划）预留授予部分第一个解除限售期解除 限售条件已经成就，符合解除限售条件的激励对象共计36名，可解除 限售的限制性股票数量为164.2030万股，占公司目前总股本的0.02%； 2. 本次解除限售的限制性股票上市流通日为2024年4月18日。 公司于2024年3月28日召开第九届第二十七次董事会、第九届第 十一次监事会，审议通过了《关于2020年限制性股票激励计划预留授 予部分第一个解除限售期解除限售条件成就的议案》。根据《上市公 司股权激励管理办法》（以下简称《管理办法》）及公司《2020年限 制性股票激励计划（草案）》（以下简称《激励计划（草案）》）的 相关规定及公司2020年第三次临时股东大会授权，公司办理了2020 年限制性 ...

本所仅就与公司本次激励计划相关的法律问题发表意见，且仅根据中华人民 共和国境内（为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别 行政区和中国台湾地区，以下简称中国境内）现行法律法规发表法律意见，并不依 据任何中国境外法律发表法律意见。本所不对公司本次激励计划所涉及的标的股 票价值、考核标准等问题的合理性以及会计、财务等非法律专业事项发表意见。在 本法律意见书中对有关财务数据或结论进行引述时，本所已履行了必要的注意义 务，但该等引述不应视为本所对这些数据、结论的真实性和准确性作出任何明示或 默示的保证。 北京市金杜律师事务所 关于鞍钢股份有限公司 2020 年限制性股票激励计划 预留授予部分第一个解除限售期解除限售及回购注销部分限制性股票 的法律意见书 致：鞍钢股份有限公司 北京市金杜律师事务所（以下简称本所）接受鞍钢股份有限公司（以下简称鞍 钢股份或公司）委托，根据《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）、中国证券监督管理委员会（以下简 称中国证监会）《上市公司股权激励管理办法》（以下简称《管理办法》）、《国有控 股上市公司（境内）实施股权 ...

Financial Performance - In 2023, the company's operating revenue was RMB 113,502 million, a decrease of 13.40% compared to RMB 131,072 million in 2022[23]. - The net profit attributable to shareholders was RMB -3,257 million in 2023, a significant decline from RMB 156 million in 2022, representing a decrease of 3,115.74%[23]. - The company's cash flow from operating activities was RMB 1,579 million, down 74.28% from RMB 6,139 million in 2022[23]. - Total assets at the end of 2023 were RMB 97,014 million, a slight increase of 0.02% from RMB 96,935 million at the end of 2022[23]. - The total liabilities increased by 8.60% to RMB 41,623 million at the end of 2023, compared to RMB 38,138 million at the end of 2022[23]. - The company's equity attributable to shareholders decreased by 5.69% to RMB 54,704 million at the end of 2023, down from RMB 58,140 million at the end of 2022[23]. - The total profit for the period was RMB -4,142 million, a significant decline of 1,439.78% from RMB -269 million in the previous year[52][53]. - The domestic market revenue decreased by 14.94% to RMB 106,342 million, while export revenue increased by 18.17% to RMB 7,160 million[54][55]. Operational Highlights - The company produced 25.46 million tons of iron, 26.63 million tons of steel, and 24.60 million tons of steel products, with year-on-year changes of -2.97%, +0.15%, and -1.93% respectively[34]. - The company achieved a steel sales volume of 24.85 million tons, a decrease of 3.72% year-on-year, with a steel production and sales rate of 101.03%[34]. - The production of non-oriented silicon steel for electric vehicles increased by 20% year-on-year, achieving historical highs in both output and yield[35]. - The company launched 52 new product varieties in 2023, with a 12.2% increase in automotive steel sales and a 14.85% increase in heavy rail sales year-on-year[36]. - Export order volume increased by 33.85% year-on-year, with breakthroughs in the export of specialty steel products[36]. Research and Development - The company’s R&D capabilities are ranked among the top in the steel industry, with significant advancements in clean steel smelting and high-strength thick-walled pipeline steel technology[43]. - The company maintained a total of 3,811 valid patents, with 2,515 being invention patents, reflecting a 4.0% increase year-on-year[46]. - The company reported a decrease in R&D expenses to RMB 492 million, down 32.32% from RMB 727 million in the previous year, primarily due to reduced new product trial costs[52][53]. - The company is advancing several R&D projects, including domestic production of steel for high-speed train components, aiming for significant market impact in the future[67]. - The company has developed corrosion-resistant steel plates with a corrosion resistance capacity increased by over 2.6 times compared to traditional steel plates, addressing key technical challenges in marine construction[68]. Environmental Initiatives - The company has implemented 152 ultra-low emission projects with a total investment of RMB 3.21 billion, ensuring stable operation of pollution control facilities[193]. - In 2023, the company traded 2.46 billion kWh of clean energy, reducing electricity costs by RMB 160 million and cutting carbon emissions by 1.4 million tons[194]. - The company plans to complete four waste gas comprehensive utilization high-efficiency power generation units by 2024, expected to generate an additional 480 million kWh of electricity and reduce carbon emissions by 200,000 tons[194]. - The company achieved a carbon emission reduction of 0.03 tons per RMB 10,000 of output, reaching 5.54 tons per RMB 10,000 of output in 2023[193]. - The company has completed research on a carbon reduction plan for automotive steel, achieving a 30% reduction in carbon emissions for several products[195]. Governance and Management - The company has established a comprehensive corporate governance system in compliance with relevant laws and regulations, ensuring effective internal control[104]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and finances, aligning with legal requirements[104]. - The board consists of 8 members, including 4 independent non-executive directors, with plans to add at least one female director by the end of 2024[186]. - The company has implemented a diversity policy for board members, considering factors such as gender, age, culture, and professional experience[167]. - The board is responsible for significant corporate actions, including mergers, acquisitions, and capital structure changes, ensuring strategic alignment with shareholder interests[161]. Shareholder Engagement - The first temporary shareholders' meeting in 2023 had an investor participation rate of 57.95%[106]. - The second temporary shareholders' meeting in 2023 had an investor participation rate of 57.69%[107]. - The third temporary shareholders' meeting in 2023 had an investor participation rate of 67.01%[107]. - The company has conducted 16 investor relations activities to enhance communication with investors[179]. - The company responded to 62 investor inquiries through the Shenzhen Stock Exchange's interactive platform during the reporting period[180]. Future Outlook - The global economy is expected to continue its slow recovery in 2024, with the steel industry entering a new adjustment cycle, leading to a projected slight decline in overall steel demand[97]. - The company anticipates facing significant operational pressure due to raw material price fluctuations, environmental protection, and safety management risks in 2024[97]. - The company plans to invest 4.205 billion yuan in fixed assets and external investments in 2024, primarily funded by self-owned funds, with bank loans and bond issuance as supplementary sources[95]. - The company aims to strengthen capital management and accelerate ultra-low emission transformation to improve risk prevention capabilities[97]. - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions, as part of its market expansion strategy[130].

Financial Performance - Operating revenue for the year 2023 was RMB 113,502 million, a decrease of 13.40% compared to RMB 131,072 million in 2022[7]. - Total profit for 2023 was RMB -4,142 million, a significant decline from a profit of RMB -269 million in 2022, representing a decrease of 1,439.78%[7]. - Net profit attributable to shareholders for 2023 was RMB -3,257 million, compared to a profit of RMB 156 million in 2022, marking a decrease of 3,115.74%[7]. - Basic earnings per share for 2023 were RMB -0.347, a sharp decline from RMB 0.017 in 2022[7]. - Cash flow from operating activities for 2023 was RMB 1,579 million, a decrease of 74.28% from RMB 6,139 million in 2022[7]. - The total operating revenue for the year was RMB 113,502 million, with a quarterly breakdown showing Q1 at RMB 30,844 million, Q2 at RMB 27,981 million, Q3 at RMB 25,463 million, and Q4 at RMB 29,214 million[9]. - The total operating revenue for 2023 was RMB 113,502 million, a decrease of 13.40% compared to RMB 131,072 million in 2022[28]. - The steel processing industry accounted for RMB 113,311 million of the total revenue, down 13.35% from RMB 130,769 million in the previous year[29]. - Domestic sales in China were RMB 106,342 million, representing a decline of 14.94% from RMB 125,013 million in 2022[28]. - The company reported a net cash decrease of RMB 1,872 million, a significant drop of 513.77% compared to a decrease of RMB 305 million in the same period last year[27]. - The gross profit margin for the steel processing industry decreased by 2.83 percentage points to -0.50% in 2023[29]. - The sales volume of steel processing products was 2,485.49 million tons, down 3.72% from 2,581.65 million tons in 2022[30]. - The company reported a net profit of RMB (4,142) million for the year, resulting in a basic and diluted earnings per share of RMB (0.347)[142]. Assets and Liabilities - The total assets as of the end of 2023 were RMB 97,014 million, a slight increase of 0.02% from RMB 96,935 million at the end of 2022[8]. - Total liabilities increased to RMB 41,623 million in 2023, up 8.60% from RMB 38,138 million in 2022[8]. - The equity attributable to shareholders decreased by 5.69% to RMB 54,704 million in 2023 from RMB 58,140 million in 2022[8]. - The asset-liability ratio rose to 42.90% in 2023, an increase of 3.38 percentage points from 39.34% in 2022[8]. - Cash and cash equivalents decreased to RMB 3,221 million as of December 31, 2023, from RMB 5,093 million a year earlier, a decline of approximately 36.8%[118]. - Total current assets amounted to RMB 27,119 million, down from RMB 29,232 million in 2022, representing a decrease of about 7.2%[118]. - Total liabilities increased to RMB 41,623 million in 2023, compared to RMB 38,328 million in 2022, marking an increase of approximately 6.0%[119]. - The company's total assets as of December 31, 2023, were RMB 97,014 million, slightly up from RMB 96,991 million in 2022[121]. - The company’s net current liabilities increased to RMB (8,069) million in 2023 from RMB (6,922) million in 2022, indicating a decline in liquidity[144]. Operational Efficiency - The company achieved a production and material rate increase in new energy vehicle silicon steel, reaching historical highs in both production and material rates[15]. - The company reported a significant improvement in logistics efficiency and cost control, with major logistics indicators showing new breakthroughs[15]. - The company has implemented continuous cost reduction strategies, optimizing procurement and logistics to enhance operational efficiency[15]. - Operating costs also fell by 10.92% year-on-year to RMB 114.037 billion[24]. - Management expenses increased by 30.12% year-on-year to RMB 1.689 billion, primarily due to organizational reforms and enhanced labor productivity[24]. - Financial expenses decreased significantly by 47.02% year-on-year to RMB 258 million, attributed to a reduction in average indirect financing costs and lower exchange losses[25]. - R&D expenses dropped by 32.32% year-on-year to RMB 492 million, mainly due to reduced costs in new product trials[25]. - The company reported a 5% decrease in operational costs due to efficiency improvements[146]. Research and Development - The company launched 52 new product varieties, exceeding the planned flagship product ratio by 4.05 percentage points and direct supply ratio by 9 percentage points[16]. - The R&D investment for 2023 is RMB 2,852 million, representing an increase of 8.81% from RMB 2,621 million in 2022[52]. - R&D personnel count increased to 2,278 in 2023, a growth of 4.26% from 2,185 in 2022, with the proportion of R&D personnel rising to 8.45%[51]. - The company has developed advanced high-strength steel with laser welding technology, improving production efficiency and stability[49]. - The company has completed the development of corrosion-resistant steel plates, achieving a corrosion resistance improvement of 3 times compared to traditional steel plates[45]. - The company has developed a new line for low-carbon automotive steel, aiming to achieve a 30% reduction in carbon emissions[47]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[146]. Market and Sales Performance - The sales volume of automotive steel increased by 12.2% year-on-year, while heavy rail sales grew by 14.85% year-on-year[16]. - The company achieved a 33.85% year-on-year increase in export order volume, with significant breakthroughs in exporting container steel and 50-meter long heavy rails[16]. - The company is focusing on expanding its market presence through new product development and technological advancements in various sectors[40]. - Market expansion efforts have led to a 30% increase in market share in the Asia-Pacific region[146]. - New product launches contributed to a 25% increase in sales, with the latest product generating $300 million in its first month[146]. Strategic Initiatives - The company aims to enhance its core competitiveness and become a leading enterprise in the steel industry through its "11361" development strategy[19]. - The company plans to focus on reform and innovation in 2024, enhancing development quality and promoting world-class enterprise construction[20]. - The company plans to invest RMB 42.05 billion in fixed assets and external investments in 2024, primarily funded by internal resources[23]. - The company is focusing on digital empowerment to enhance core competitiveness and drive transformation[22]. - The company aims to improve its sustainable development capabilities by advancing low-carbon production technologies and enhancing energy efficiency[22]. Related Party Transactions - The approved transaction amount for related party transactions was RMB 3,702 million, which did not exceed the approved limit[99]. - The company engaged in related party transactions for the procurement of steel products, totaling RMB 1,377 million[97]. - The total amount of related party transactions for auxiliary materials was RMB 2,712 million[99]. - The company has established relationships with several related party suppliers, including Anshan Iron and Steel Group[99]. - The pricing principles for related party transactions were based on market principles[99]. - The company has engaged in joint investments with related parties, including a registered capital of RMB 180 million for a joint venture in chemical technology[107]. Compliance and Governance - The company has appointed Lixin Certified Public Accountants as the auditor for the 2023 fiscal year, with a fee of RMB 5 million[83]. - The company has engaged Lixin Certified Public Accountants for internal control audit services for 2023, with a fee of RMB 700,000[86]. - There were no significant lawsuits or penalties reported during the reporting period[88]. - The company has not faced any bankruptcy restructuring issues during the reporting period[88]. - The company has not violated any commitments related to avoiding competition with its controlling shareholder since the commitment was made[71].

证券代码：000898 证券简称：鞍钢股份 公告编号：2024-009 鞍钢股份有限公司 （三）2020年12月30日，公司公告了《鞍钢股份有限公司关于限制 性股票激励计划获国资委批复的公告》，根据国务院国有资产监督管理 1 委员会（简称国资委）《关于鞍钢股份有限公司实施限制性股票激励计 划的批复》（国资考分【2020】664号），国资委原则同意公司实施本次 激励计划。 （四）2020年12月31日，公司2020年第三次临时股东大会审议通过 了《鞍钢股份有限公司2020年限制性股票激励计划（草案）及其摘要的 议案》及其他相关议案。并于同日，公司披露了《鞍钢股份有限公司关 于公司2020年限制性股票激励计划内幕信息知情人及激励对象买卖公司 股票情况的自查报告》，未发现相关内幕信息知情人存在利用内幕信息 买卖公司股票的行为。 关于 2020 年限制性股票激励计划部分激励对象 已获授但尚未解除限售的限制性股票回购注销的公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 鞍钢股份有限公司（以下简称公司）于2024年3月28日召开的第九届 第二十七次董事会审议通过了《关 ...

责任钢铁 美好未来 鞍钢股份有限公司 2023年 社会责任报告暨环境、社会及管治报告 目录 ESG 管理 1 1 | 14 | ESG 治理结构 | | --- | --- | | 15 | ESG 管理路径 | | 16 | 重要性议题 | | 17 | 利益相关方沟通 | 高效治理 2 2 | 20 | 发展战略 | | --- | --- | | 20 | 公司治理 | | 21 | 股东权益保障 | | 22 | 风险与机遇 | | 24 | 道德政策与实践 | 多元价值 3 3 | 28 | 匠心制造 | | --- | --- | | 33 | 创新引领 | | 35 | 提质增效 | | 1 | 董事会声明 | | --- | --- | | 2 | 董事长致辞 | | 4 | 关于我们 | | 8 | 数说 2023 | | 10 | 年度荣誉 | 洁净自然 4 4 | 38 | 应对气候变化的进展 | | --- | --- | | 44 | 环境管理 | | 46 | 能源与资源管理 | | 49 | 排放物管理 | | 52 | 生物多样性保护 | 5 5 美好社会 | 56 | 赋能员 ...

Financial Performance - The company's operating revenue for the third quarter was RMB 25,463 million, a decrease of 16.67% compared to the same period last year[3]. - The net profit attributable to shareholders was RMB -769 million, representing a decline of 49.51% year-on-year[3]. - The basic earnings per share were RMB -0.082, a decrease of 49.07% compared to the previous year[3]. - Total operating revenue for the first nine months of 2023 was RMB 84,288 million, a decrease of 16.1% compared to RMB 100,850 million in the same period of 2022[20]. - Net profit for the first nine months of 2023 was a loss of RMB 2,094 million, compared to a profit of RMB 214 million in the same period of 2022[20]. - The company’s total comprehensive income for the first nine months of 2023 was a loss of RMB 1,573 million, compared to a gain of RMB 423 million in the same period of 2022[24]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 55.24% year-on-year, amounting to RMB 2,774 million[3]. - Cash flow from operating activities generated RMB 2,567 million in the first nine months of 2023, down from RMB 4,347 million in the same period of 2022[25]. - Cash and cash equivalents at the end of September 2023 were RMB 4,113 million, down from RMB 6,162 million at the end of 2022[21]. - The company’s cash and cash equivalents at the end of September 2023 were RMB 1,869 million, down from RMB 3,463 million at the end of 2022[25]. - The net increase in cash and cash equivalents decreased by RMB 1,744 million year-on-year, influenced by reduced cash inflows from operating activities[10]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 96,639 million, a decrease of 0.31% from the end of the previous year[3]. - Total liabilities increased to RMB 39,905 million from RMB 38,138 million year-over-year[18]. - Total assets as of September 30, 2023, were RMB 91,617 million, slightly up from RMB 91,385 million at the end of 2022[22]. - Total liabilities increased to RMB 38,123 million as of September 30, 2023, up from RMB 36,283 million at the end of 2022[23]. - The company's cash and cash equivalents decreased to RMB 4,113 million from RMB 5,093 million[16]. Expenses - Management expenses increased by RMB 287 million year-on-year, primarily due to higher personnel costs[7]. - Research and development expenses decreased by RMB 208 million year-on-year, mainly due to reduced costs for new product trials[7]. - The company reported a significant increase in financial expenses, totaling RMB 219 million, compared to RMB 443 million in the previous year[20]. - Research and development expenses for the first nine months of 2023 were RMB 357 million, down 36.8% from RMB 565 million in the same period of 2022[20]. - The company’s financial expenses decreased to RMB 268 million in the first nine months of 2023 from RMB 476 million in the same period of 2022[24]. Shareholder Information - The total number of shareholders was 107,198, with the top 10 shareholders holding a combined 78.81% of shares[12]. - The company completed the repurchase and cancellation of 1,128,370 restricted stocks, reducing total shares from 9,400,979,520 to 9,399,442,527[14]. Market and Operational Insights - The company reported a decrease in operating profit, total profit, and net profit due to the weak cycle and low demand in the steel industry[8]. - The company has ongoing plans for market expansion and new product development, although specific figures were not disclosed in the call[14].

Financial Performance - Operating revenue for the first nine months of 2023 was RMB 25,463 million, a decrease of 16.67% compared to the same period last year[3]. - Net profit attributable to shareholders for the first nine months was RMB -769 million, representing a 49.51% increase in losses year-on-year[3]. - The net profit excluding non-recurring gains and losses for the first nine months was RMB -778 million, a 50.38% increase in losses compared to the previous year[3]. - Basic earnings per share for the first nine months was RMB -0.082, an increase in losses of 49.07% compared to the same period last year[3]. - Operating profit for the first nine months of 2023 was (2,863) million RMB, a significant decline from 99 million RMB in the same period of 2022[21]. - Net profit attributable to the parent company for the first nine months of 2023 was (2,115) million RMB, compared to 193 million RMB in the same period of 2022[21]. - Total comprehensive income for the first nine months of 2023 was (2,075) million RMB, down from 268 million RMB in the same period of 2022[23]. - Net profit for the first nine months of 2023 was a loss of RMB 1,613 million, compared to a profit of RMB 348 million in the same period of 2022[31]. Cash Flow and Assets - Cash flow from operating activities for the first nine months was RMB 2,774 million, a decrease of 55.24% year-on-year[3]. - The net cash inflow from operating activities decreased by RMB 3,424 million compared to the same period last year, primarily due to a decrease in cash received from sales of goods and services by RMB 17,691 million[10]. - Cash flow from operating activities generated a net cash inflow of RMB 2,567 million, down 40.9% from RMB 4,347 million in the previous year[33]. - Cash and cash equivalents at the end of September 2023 were 4,113 million RMB, down from 6,162 million RMB at the end of December 2022[26]. - The company reported a decrease in cash and cash equivalents to RMB 4,113 million as of September 30, 2023, down from RMB 5,093 million at the end of 2022, a decline of approximately 19.3%[16]. - The net increase in cash and cash equivalents decreased by RMB 1,744 million compared to the same period last year, influenced by various factors including a decrease in net cash inflow from operating activities[10]. Liabilities and Equity - Total liabilities increased to RMB 39,905 million as of September 30, 2023, compared to RMB 38,138 million at the end of 2022, indicating a rise of approximately 4.6%[19]. - Long-term borrowings increased significantly to RMB 3,569 million as of September 30, 2023, compared to RMB 600 million at the end of 2022, marking a substantial rise[19]. - The company reported a significant increase in long-term borrowings to RMB 3,439 million from RMB 600 million at the end of 2022, reflecting a strategic shift in financing[28]. - The company's total equity attributable to shareholders decreased to RMB 53,494 million from RMB 55,102 million year-over-year[29]. Operating Costs and Expenses - Total operating costs for the first nine months of 2023 were RMB 87,458 million, down from RMB 101,614 million in 2022, indicating a reduction of about 14%[20]. - Management expenses increased by RMB 287 million year-on-year, primarily due to higher personnel costs[7]. - Research and development expenses decreased by RMB 208 million year-on-year, mainly due to reduced trial production costs[7]. - The company’s R&D expenses for the first nine months of 2023 were RMB 357 million, down from RMB 565 million in the same period of 2022, a reduction of about 36.8%[20]. Market Conditions - Operating profit, total profit, net profit, and net profit attributable to the parent company decreased compared to the same period last year, primarily due to the weak cycle and low demand in the steel industry, with a significant drop in steel prices outpacing the decline in raw material prices[8]. - The company plans to focus on new product development and market expansion strategies to improve future performance[36].

Financial Performance - The company's operating revenue for the first half of 2023 was RMB 58,825 million, a decrease of 16.32% compared to RMB 70,294 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of RMB 1,346 million, representing a decline of 178.44% from a profit of RMB 1,716 million in the previous year[21]. - The net cash flow from operating activities was RMB 2,415 million, down 41.67% from RMB 4,140 million in the same period last year[21]. - The basic and diluted earnings per share were both RMB -0.143, a decrease of 178.57% compared to RMB 0.182 in the previous year[21]. - The total profit amounted to RMB -1,773 million, representing a decline of 180.37% year-on-year[63]. - The gross profit margin was -3.01%, a decline of 6.15 percentage points year-on-year[63]. - The net increase in cash and cash equivalents was RMB -1,371 million, a decrease of 95.30% year-on-year[84]. Assets and Equity - Total assets at the end of the reporting period were RMB 95,754 million, a decrease of 1.22% from RMB 96,935 million at the end of the previous year[23]. - The equity attributable to shareholders of the listed company was RMB 56,826 million, down 2.26% from RMB 58,140 million at the end of the previous year[23]. - The ratio of shareholders' equity to liabilities was 1.50 times as of June 30, 2023, down from 1.54 times at the end of 2022[111]. - Inventory increased to RMB 14,022 million, representing 14.64% of total assets, up from 14.00% last year[105]. Production and Sales - In the first half of 2023, the domestic crude steel production reached 536 million tons, a year-on-year increase of 1.3%[35]. - The company sold 12.79 million tons of steel, a decrease of 1.95% year-on-year, achieving a steel sales rate of 101.31%[41]. - The production of high magnetic permeability oriented silicon steel increased by 36% year-on-year, with a yield rate improvement of 3.32 percentage points[41]. - The export of steel products increased by 31.3% year-on-year, indicating enhanced international competitiveness of domestic high-end products[35]. - The sales volume of automotive high-strength steel products grew by 3.7% year-on-year, while the export order volume for various steel products increased by 17.2%[47]. Cost Management - The company successfully reduced the cost of steel production by RMB 85 per ton in the first half of the year, with external energy costs decreasing by 7.37% year-on-year[45]. - The average procurement cost of imported iron ore decreased by RMB 33 per ton, a year-on-year decline of 3.64%[33]. - The company is focusing on cost reduction and efficiency improvement through comprehensive benchmarking and smart operations integration[45]. Research and Development - Research and development expenses decreased by 37.97% to RMB 245 million, primarily due to reduced costs in new product trials[70]. - The company registered 449 patents, including 318 invention patents, accounting for 70.8% of the total[62]. - The company is actively expanding its core patent layout in the fields of automotive steel and low-alloy high-strength steel, forming a patent cluster that includes 12 inventions[62]. - The company launched 26 new product varieties and signed 103 technical agreements during the reporting period[47]. Corporate Governance and Compliance - The financial report for the first half of 2023 has not been audited[4]. - The financial report was prepared in accordance with China's Accounting Standards for Business Enterprises[5]. - The company is committed to enhancing its corporate governance standards in line with international practices[182]. - The company has maintained compliance with the Hong Kong Stock Exchange's public float requirements as of June 30, 2023[179]. Future Outlook and Strategy - The company plans not to distribute cash dividends or issue bonus shares for the first half of 2023[3]. - The company plans to enhance budget leadership and implement cost reduction strategies to improve operational efficiency in the second half of 2023[163]. - The company aims to strengthen market development and optimize product structure to enhance marketing effectiveness[166]. - The company anticipates that steel prices may rebound in the second half of 2023, supported by recovering demand and policy measures, despite ongoing global economic uncertainties[163]. - The company is focusing on high-quality development amidst challenges such as geopolitical conflicts, inflation, and a banking crisis, which have led to insufficient global demand growth[167]. Employee and Shareholder Information - As of June 30, 2023, the total number of employees in the company and its main subsidiaries was 28,021[198]. - The company completed the repurchase and cancellation of 2,040,931 restricted shares, reducing the total share capital from 9,403,020,451 shares to 9,400,979,520 shares[191]. - A total of 172 individuals had their restricted shares released, amounting to 14,779,050 shares, as part of the stock incentive plan[194]. - The participation ratio for the 2022 Annual General Meeting was 58.32% and for the first extraordinary general meeting in 2023 was 57.95%[185].