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].

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[12]. - The net profit attributable to shareholders of the listed company was a loss of RMB 1,346 million, down 178.44% from a profit of RMB 1,716 million in the previous year[12]. - The net cash flow from operating activities was RMB 2,415 million, representing a decline of 41.67% from RMB 4,140 million in the same period last year[12]. - The basic earnings per share for the first half of 2023 was -RMB 0.143, compared to RMB 0.182 in the same period last year, a decrease of 178.57%[12]. - The total profit for the period was RMB -1,773 million, representing a decline of 180.37% year-on-year[25]. - The company’s sales profit margin was -3.01%, a decline of 6.15 percentage points year-on-year[22]. - The company’s gross profit margin was negative, resulting in an operating loss of RMB 1,758 million compared to an operating profit of RMB 2,224 million in the same period last year[107]. - The company’s total comprehensive income for the first half of 2023 was a loss of RMB 1,295 million, compared to a comprehensive income of RMB 1,806 million in the same period last year[107]. Assets and Liabilities - 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[12]. - 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[12]. - The company's cash and cash equivalents decreased to RMB 3,722 million from RMB 4,696 million at the end of the previous period[109]. - Total current assets decreased to 27,742 million RMB, down from 29,232 million RMB at the end of the previous year[104]. - Total liabilities increased slightly to 38,256 million RMB, compared to 38,138 million RMB at the end of the previous year[106]. - The company's accounts receivable amounted to 4,472 million as of June 30, 2023, an increase of 24% from 3,608 million as of December 31, 2022[192]. Production and Sales - In the first half of 2023, the company produced 13.22 million tons of iron, 13.83 million tons of steel, and 12.62 million tons of steel products, with year-on-year increases of 0.72%, 2.44%, and a decrease of 0.35% respectively[17]. - The company sold 12.79 million tons of steel, a year-on-year decrease of 1.95%, achieving a steel sales rate of 101.31%[17]. - The average cost reduction per ton of steel was RMB 85, with a 3.75% decrease in three major expenses per ton of steel and a 7.37% reduction in external energy costs[17]. - The company exported steel products with an order volume increase of 17.2% year-on-year, achieving breakthroughs in automotive steel, rails, ship plates, and home appliance steel[18]. Research and Development - The company’s R&D expenses decreased by 37.97% to RMB 245 million, primarily due to reduced costs in new product trials[25]. - The company launched 26 new product varieties and signed 103 technical agreements in the first half of 2023, with engineering sales increasing by 22.9% year-on-year[17]. - The production of high magnetic induction oriented silicon steel increased by 36% year-on-year, with a product yield improvement of 3.32 percentage points[17]. Environmental and Social Responsibility - The company paid an environmental protection tax of RMB 47 million in the first half of 2023[64]. - The company has completed 15 energy-saving projects with a total investment of RMB 60.1 million, expected to yield annual benefits of RMB 36.1 million and reduce carbon emissions by approximately 44,000 tons[65]. - The company allocated a total of RMB 16.4 million for poverty alleviation projects, with RMB 16.1 million directed to targeted assistance in Ta County and RMB 300,000 for a project in Chaoyang City[66]. Corporate Governance - The company plans not to distribute cash dividends or bonus shares for the first half of 2023[3]. - The company held its annual general meeting on May 29, 2023, with an investor participation rate of 58.32%[50]. - The chairman was unable to attend the annual general meeting due to official duties, delegating the responsibility to another director[49]. Financial Management - The company plans to enhance budget leadership and focus on cost reduction, aiming to improve operational efficiency and profitability[46]. - The company has established a risk prevention framework to address potential market uncertainties and regulatory challenges[46]. - The company has approved the hedging business limits for 2023 in its board meetings held on March 30 and May 29, 2023[41]. Market Position - The market share for railway corrosion-resistant steel has consistently remained above 40%, maintaining the industry leader position for 19 consecutive years[20]. - The company has expanded its overseas marketing channels, focusing on demand along the "Belt and Road" initiative to enhance export competitiveness[47]. Employee Information - The total number of employees as of June 30, 2023, is 28,021, with 19,944 in production, 4,055 in technical roles, and 357 in sales[57][58]. - The company has a total of 9,437 employees with a bachelor's degree or higher, representing approximately 33.6% of the workforce[58]. Accounting and Financial Reporting - The financial statements were prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[122]. - The company has not experienced any changes in accounting policies or estimates during the reporting period[178]. - The company recognizes the net assets and operating results of subsidiaries from the date control is obtained, and adjusts for any losses exceeding minority interests[129].

Financial Performance - 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[7]. - Net profit attributable to shareholders was RMB -1,346 million, representing a decline of 178.44% from RMB 1,716 million in the previous year[7]. - Basic earnings per share were RMB -0.143, down 178.57% from RMB 0.182 in the same period last year[7]. - Total profit amounted to RMB -1,773 million, representing a decline of 180.37% year-on-year[19]. - The company's operating revenue for the reporting period was RMB 58,825 million, a decrease of 16.32% compared to the same period last year[16]. - The gross profit margin for the steel rolling processing industry was -0.25%, down 5.48 percentage points year-on-year[26]. - The company's sales revenue from steel products was RMB 53,442 million, a decrease of 16.83% compared to the previous year[25]. - The total operating revenue for the first half of 2023 was RMB 58,825 million, a decrease of 16.4% compared to RMB 70,294 million in the same period of 2022[80]. - The net profit attributable to the parent company for the first half of 2023 was RMB (1,346) million, compared to RMB 1,716 million in the same period of 2022, indicating a significant decline[81]. Cash Flow and Assets - Net cash flow from operating activities was RMB 2,415 million, a decrease of 41.67% compared to RMB 4,140 million in the previous year[7]. - Cash and cash equivalents decreased by RMB 1,371 million, a decline of 95.30% compared to the previous year[23]. - The total assets at the end of the reporting period were RMB 95,754 million, down 1.22% from RMB 96,935 million at the end of the previous year[8]. - Current assets totaled RMB 27,742 million as of June 30, 2023, a decrease of 5.1% from RMB 29,232 million at the end of 2022[79]. - The company's cash and cash equivalents decreased to RMB 3,722 million from RMB 5,093 million, reflecting a decline of 27%[76]. - The accounts receivable increased to RMB 3,721 million, representing 3.89% of total assets, up by 0.96 percentage points year-on-year[30]. - The company reported a significant increase in accounts receivable from RMB 3,608 million as of December 31, 2022, to RMB 4,472 million as of June 30, 2023[89]. Operational Efficiency and Cost Management - The company successfully reduced costs, with a decrease of 3.75% in three major expenses per ton of steel and a 7.37% reduction in external energy costs per ton of steel compared to the previous year[12]. - The company plans to enhance budget guidance and focus on cost reduction, aiming to improve operational efficiency[38]. - The company will strengthen lean manufacturing and ensure stable production and quality economic operations[38]. - The company aims to expand its market presence and optimize product structure to enhance marketing effectiveness[38]. Market and Product Development - The company is focusing on enhancing its supply chain financial services as part of its strategic initiatives for 2022-2024[6]. - The company plans to explore new market expansions and product developments in the upcoming quarters[2]. - Steel production reached 13.22 million tons, an increase of 0.72% year-on-year, while sales of steel products decreased by 1.95% to 12.79 million tons, achieving a sales-to-production rate of 101.31%[11]. - The export order volume increased by 17.2% year-on-year, with significant breakthroughs in various steel products including automotive steel and ship plates[12]. - The company launched 26 new products and signed 103 technical agreements during the reporting period, enhancing its marketing capabilities[12]. Research and Development - Research and development expenses decreased by 37.97% to RMB 245 million, primarily due to reduced costs in new product trials[20]. - The company will increase R&D efforts to continuously improve technological innovation capabilities[38]. Risk Management and Compliance - The company is committed to enhancing risk prevention capabilities and solidifying its foundational risk management strategies[38]. - The company has established internal control procedures for commodity futures hedging, which help mitigate operational risks and comply with relevant laws and regulations[48]. - The company did not engage in speculative derivative investments during the reporting period[48]. Related Party Transactions - The total amount of related party transactions was RMB 13,186 million, accounting for 30.58% of similar transactions[58]. - The procurement from Anshan Iron and Steel Group accounted for RMB 8,862 million, representing 20.55% of the total related transactions[58]. - The company has adhered to market principles in all related party transactions[58]. Corporate Governance - The company has established a sound corporate governance system in compliance with relevant regulations and standards[74]. - The audit committee has reviewed the accounting principles and internal controls up to June 30, 2023[55].

Financial Performance - The company's operating revenue for Q1 2023 was RMB 30,844 million, a decrease of 11.69% compared to RMB 34,927 million in the same period last year[3]. - The net profit attributable to shareholders of the listed company was RMB -149 million, a significant decline of 110.05% from RMB 1,482 million year-on-year[3]. - The company reported a decrease in operating profit, total profit, and net profit due to lower demand in the steel industry and high costs, leading to significant declines in performance[7]. - Net profit for Q1 2023 was a loss of RMB 145 million, compared to a profit of RMB 1,488 million in Q1 2022, representing a significant decline[16]. - Operating profit for Q1 2023 was a loss of RMB 170 million, down from a profit of RMB 2,048 million in Q1 2022[16]. - Net profit for Q1 2023 was a loss of RMB 305 million, compared to a profit of RMB 1,053 million in Q1 2022, indicating a significant decline[21]. Cash Flow - The net cash flow from operating activities increased by 29.42% to RMB 2,556 million, compared to RMB 1,975 million in the previous year[3]. - Cash flow from operating activities for Q1 2023 was RMB 2,556 million, compared to RMB 1,975 million in Q1 2022, indicating an increase[17]. - The company reported an increase in cash received from financing activities to RMB 2,390 million in Q1 2023, compared to RMB 40 million in Q1 2022[17]. - Cash flow from operating activities for Q1 2023 was RMB 2,400 million, an increase from RMB 1,266 million in Q1 2022[22]. Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 99,780 million, reflecting a 2.93% increase from RMB 96,935 million at the end of the previous year[3]. - As of March 31, 2023, total assets amounted to RMB 99,780 million, an increase from RMB 96,935 million as of December 31, 2022, reflecting a growth of approximately 2.84%[13]. - Total liabilities stood at RMB 41,098 million, compared to RMB 38,138 million, marking an increase of around 5.12%[14]. - Total liabilities as of March 31, 2023, were RMB 40,211 million, up from RMB 36,283 million at the end of 2022, representing an increase of 5.1%[20]. - Non-current liabilities increased to RMB 2,920 million as of March 31, 2023, compared to RMB 1,843 million at the end of 2022, a rise of 58.5%[20]. Research and Development - Research and development expenses decreased by RMB 78 million compared to the same period last year, primarily due to reduced costs in new product trials[6]. - Research and development expenses decreased to RMB 134 million in Q1 2023 from RMB 212 million in Q1 2022, a reduction of 36.8%[16]. - Research and development expenses for Q1 2023 were RMB 112 million, down from RMB 208 million in Q1 2022, a decrease of 46.2%[21]. Investment Income - Investment income increased by RMB 29 million year-on-year, mainly due to higher returns from joint ventures[6]. - The company reported an investment income of RMB 88 million in Q1 2023, compared to RMB 33 million in Q1 2022, an increase of 167.7%[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 114,517, including 453 H-share shareholders[8]. - The company held a total of 9,401 million shares as of March 31, 2023, down from 9,403 million shares, reflecting a minor decrease in share capital[14]. - The company repurchased and canceled 2,040,931 restricted shares, reducing its registered capital from RMB 9,403,020,451 to RMB 9,400,979,520[11].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 (在中華人民共和國註冊成立之股份有限公司) （股份編號：0347） 2023年第一季度報告 鞍 鋼 股 份 有 限 公 司（「本公司」或「公 司」）董 事 會（「董事會」）欣 然 宣 佈 本 公 司 及 其 子 公 司 截 至 二 零 二 三 年 三 月 三 十 一 日 止 三 個 月（「報告期」）根 據《中 國 企 業 會 計 準 則》編 製 的 未 經 審 計 業 績。本 公 告 乃 根 據 香 港 聯 合 交 易 所 有限公司證券上市規則第13.09及13.10B條及香港法例第571章證券及期 貨條例第XIVA部 的 內 幕 消 息 條 文 作 出。 本 公 告 的 內 容 與 於 深 圳 證 券 交 易 所 刊 發 的 公 告 所 載 者 一 致。本 公 告 於 香 港 及 深 圳 同 步 刊 發。 – 1 – 第一節 重要提示 ...

Financial Performance - In 2022, the company reported a net profit attributable to shareholders of RMB 156 million, a decrease of 97.76% compared to RMB 6,964 million in 2021[24]. - The operating income for 2022 was RMB 131,072 million, down 3.71% from RMB 136,120 million in the previous year[15]. - The net cash flow from operating activities decreased by 52.54% to RMB 6,139 million in 2022 from RMB 12,935 million in 2021[15]. - The total assets at the end of 2022 were RMB 96,935 million, a decrease of 1.74% from RMB 98,652 million at the end of 2021[16]. - The total liabilities increased by 1.93% to RMB 38,138 million in 2022 from RMB 37,415 million in 2021[16]. - The basic earnings per share for 2022 were RMB 0.017, a decline of 97.70% from RMB 0.740 in 2021[15]. - The weighted average return on equity decreased to 0.26% in 2022 from 12.12% in 2021, a drop of 11.86 percentage points[15]. - The gross profit margin for steel products decreased by 6.59% to RMB 118,482 million in 2022, compared to RMB 126,845 million in 2021[44]. - The total profit for the period was a loss of RMB 269 million, a significant decline of 103.00% from a profit of RMB 8,959 million in the previous year[80]. Share Capital and Stock Transactions - The company issued 890 million H-shares at a price of HKD 1.63 per share in July 1997, and 300 million A-shares at RMB 3.90 per share in November 1997[5]. - In 2007, the company raised RMB 17 billion through a rights issue, issuing 1,106,022,150 A-shares at RMB 15.4 per share[7]. - The total number of shares after the 2019 capital reserve transfer was 9,405,250,201 shares, with A-shares accounting for 7,993,710,201 shares and H-shares for 1,411,540,000 shares[8]. - The company repurchased and canceled 2,229,750 A-shares in February 2022 due to the departure of employees who no longer met incentive conditions[8]. - The company’s total share capital was reduced to 9,400,979,520 shares after the cancellation of 2,040,931 A-shares in February 2023[8]. - The company reported a total share capital of 9,403 million shares as of March 30, 2023[17]. - The company’s registered capital decreased from RMB 9,403,020,451 to RMB 9,400,979,520 due to the cancellation of restricted shares[70]. Dividend and Profit Distribution - The board proposed a cash dividend of RMB 0.068 per share (including tax), totaling approximately RMB 64 million, which accounts for about 40% of the net profit attributable to shareholders[25]. - The company will withhold a 10% corporate income tax on dividends distributed to non-resident corporate shareholders[26]. - The company plans to hold the annual general meeting on May 29, 2023, to approve the profit distribution plan[25]. Research and Development - The company launched 173 technology research projects and was recognized as a "National Intellectual Property Advantage Enterprise"[32]. - Research and development expenses increased by 13.59% to RMB 727 million from RMB 640 million in the previous year[78]. - R&D investment amounted to RMB 2,621 million in 2022, a slight decrease of 0.8% from RMB 2,644 million in 2021, while the proportion of R&D investment to operating revenue increased from 1.93% to 2.0%[105]. - The number of R&D personnel with master's degrees increased by 110% from 199 in 2021 to 418 in 2022[104]. - The company is focusing on developing high-efficiency smelting technology to improve production efficiency and reduce costs[97]. Market and Industry Trends - In 2022, China's crude steel production was 1.018 billion tons, a year-on-year decrease of 1.7%, reflecting significant pressure on the steel industry due to various economic factors[28]. - The steel industry in China is undergoing digital transformation and low-carbon development, with increased investment in research and environmental protection[28]. - The company aims to enhance brand influence and market expansion through a multi-dimensional service and marketing system[38]. - The company aims to accelerate product upgrades and optimize market marketing to promote high-quality development and enhance innovation and competitiveness[149]. Corporate Governance - The company emphasizes the importance of governance and management stability, as evidenced by the structured changes in its board and management team[162]. - The company is committed to maintaining a high standard of corporate governance and transparency in its operations[161]. - The governance structure includes a mix of executive and independent directors, ensuring a balanced oversight of company operations[159]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 822.55 million[185]. Environmental and Social Responsibility - The company is committed to achieving carbon neutrality and enhancing green development capabilities through energy-saving projects[40]. - The company initiated 23 energy-saving projects, expected to reduce carbon dioxide emissions by over 800,000 tons annually[35]. - The company traded 2.62 billion kilowatt-hours of clean energy, reducing carbon dioxide emissions by 420,000 tons[35]. - Total donations made by the group during the reporting period amounted to RMB 16.3993 million[66]. Risk Management - The company has implemented strict management of bank accounts and funds, ensuring compliance with approval procedures for fund allocation and usage[132]. - The company has assessed legal risks associated with derivative trading and operates in compliance with national futures trading laws and regulations[130]. - The company plans to continue monitoring market conditions and adjusting its hedging strategies to manage risks effectively[130]. Subsidiaries and Investments - The company established three new subsidiaries during the year: Beijing Guomao, Delin Industrial Products, and New Energy Air[47]. - The company plans to invest RMB 3,709 million in fixed assets and external investments in 2023, primarily funded by self-owned capital[41]. - The company’s financial subsidiary reported total assets of RMB 35,926 million, indicating a strong financial position[140].

Financial Performance - The company reported a revenue of RMB 131,072 million for 2022, a decrease of 3.71% compared to RMB 136,120 million in 2021[16]. - The net profit attributable to shareholders was RMB 156 million, reflecting a significant decline of 97.76% from RMB 6,964 million in the previous year[16]. - The operating profit for 2022 was a loss of RMB 218 million, a decrease of 102.42% compared to an operating profit of RMB 9,023 million in 2021[16]. - The net cash flow from operating activities was RMB 6,139 million, down 52.54% from RMB 12,935 million in 2021[16]. - The total assets at the end of 2022 were RMB 96,935 million, a decrease of 1.74% from RMB 98,652 million at the end of 2021[16]. - The total liabilities increased by 1.93% to RMB 38,138 million at the end of 2022, compared to RMB 37,415 million at the end of 2021[16]. - The company’s weighted average return on equity dropped to 0.26%, down 11.86 percentage points from 12.12% in 2021[16]. - The gross profit margin for the steel rolling industry was 2.33%, down 7.34 percentage points from the previous year[38]. - The company’s operating costs totaled RMB 127,727 million, with raw materials accounting for 82.05% of total operating costs[41]. - The company reported a total revenue of 9.94 billion for the current period, reflecting a significant increase compared to previous periods[89]. Dividend and Shareholder Returns - The board of directors proposed a cash dividend of RMB 0.068 per share, totaling approximately RMB 64 million, which accounts for 40% of the net profit attributable to shareholders[4]. - The cash dividend payout ratio is 100% of the distributable profit[121]. - The company did not propose a cash dividend distribution plan despite having positive distributable profits for shareholders[120]. Market and Production - The steel industry in China faced significant challenges in 2022, with crude steel production declining by 1.7% to 1.018 billion tons[22]. - In 2022, the production volumes for iron, steel, and steel products were 26.24 million tons, 26.59 million tons, and 25.08 million tons, representing year-over-year increases of 3.50%, 0.45%, and 1.14% respectively. Steel sales reached 25.82 million tons, up 5.83% from the previous year[26]. - The company maintained a market share of over 40% in railway corrosion-resistant steel, leading the industry for 19 consecutive years[31]. - The company achieved a 3.8% reduction in product costs year-over-year, effectively supporting its operational performance[26]. - The export order volume increased by 26.5% year-over-year, with significant contracts won for seven overseas key projects, including the Nigeria Kakak Railway[26]. Research and Development - The company has undertaken 173 technology research projects and received the title of "National Intellectual Property Advantage Enterprise"[24]. - Research and development expenses increased by 13.59% to RMB 727 million from RMB 640 million year-on-year[36]. - The company’s patent innovation index ranked third in the national steel industry for two consecutive years, showcasing its strong technological capabilities[29]. - The number of R&D personnel increased by 21% from 1,806 in 2021 to 2,185 in 2022, with the proportion of R&D personnel rising from 5.94% to 7.46%[50]. - R&D investment amounted to RMB 2,621 million in 2022, a slight decrease of 0.8% compared to RMB 2,644 million in 2021, while the ratio of R&D investment to operating revenue increased by 0.07 percentage points to 2.0%[51]. Corporate Governance - The company has established a comprehensive corporate governance system in compliance with relevant laws and regulations, ensuring effective internal control[84]. - The board consists of seven members, with four being independent non-executive directors, exceeding the requirement of one-third independence[143]. - The company has implemented a securities trading code for directors to comply with the Hong Kong Stock Exchange listing rules[142]. - The company has established specialized committees within the board, with independent non-executive directors holding a majority in key committees[143]. - The company’s independent non-executive directors are subject to annual independence reviews by the nomination committee[145]. Environmental and Social Responsibility - The company implemented 50 environmental protection renovation projects in 2022, with a total investment of RMB 877 million, including RMB 841 million for ultra-low emission renovation projects[168]. - The company achieved zero wastewater discharge during non-rainy periods at the Anshan plant, with stable operation of pollution control facilities ensuring compliance with emission standards[168]. - The company invested RMB 16.3993 million in nine poverty alleviation projects in 2022, introducing funds of RMB 78 million and purchasing assistance products worth RMB 18.5023 million[171]. - The company has a 100% compliance rate for environmental impact assessments and has completed the renewal and modification of pollution discharge permits[168]. Strategic Initiatives - The company aims to enhance its core competitiveness by implementing a "11361" development strategy, focusing on efficiency improvement, cost transformation, service leadership, technological advancement, smart manufacturing, and ecological integration[72]. - The company plans to upgrade its steel base, focusing on product quality enhancement, energy conservation, green production, and intelligent manufacturing to create new profit growth points[73]. - The company is committed to high-quality development and aims to become a world-class enterprise with global competitiveness[72]. - The company is actively pursuing measures to enhance its corporate governance and operational efficiency[84]. Risk Management - The company has established a major risk assessment mechanism to identify, analyze, and evaluate risks affecting strategic and operational goals, with annual major risk evaluations approved by the board[164]. - The company has a risk warning mechanism in place, monitoring changes in laws, regulations, and market dynamics to identify potential major risks in real-time[165]. - The company is committed to enhancing risk prevention and control capabilities, particularly in financial risk management[75]. Employee Relations - The total number of employees at the end of the reporting period was 29,303, including 25,405 at the parent company and 3,898 at major subsidiaries[116]. - The company conducted 13,108 training sessions throughout the year, focusing on production operations and transformation upgrades[119]. - The company has implemented a stock incentive plan in 2020 to attract and retain talent, linking employee interests with shareholder benefits[118]. Related Party Transactions - The company reported a total of 16,859 million RMB in related party transactions with Ansteel Group Mining Co., Ltd., accounting for 22.33% of similar transaction amounts[181]. - The total amount of related party transactions for major raw material procurement reached 24,365 million RMB, which is 32.27% of similar transaction amounts[182]. - The company’s daily related transactions were conducted under normal commercial terms and did not exceed the limits set in the related transaction agreements[191].