2022 年第三季度报告 单位：元 币种：人民币 1 / 12 证券代码：600126 证券简称：杭钢股份 杭州钢铁股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |-----------------------------------------------|-------------------|------------------------------|-------------------|---------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥25.78 billion, an increase of 1.27% compared to ¥25.46 billion in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥516.89 million, a decrease of 47.62% from ¥986.86 million in the same period last year[17]. - The basic earnings per share for the first half of 2022 was ¥0.15, down 48.28% from ¥0.29 in the same period last year[18]. - The company reported a decrease of 42.40% in net profit after deducting non-recurring gains and losses, amounting to approximately ¥493.52 million compared to ¥856.88 million in the same period last year[17]. - The company achieved operating revenue of 25.78 billion RMB, a year-on-year increase of 1.27%[25]. - Net profit attributable to the parent company was 517 million RMB, a decrease of 47.62% year-on-year[24]. - The company reported a net loss attributable to owners of CNY 675,437,816.60 for the first half of 2022[81]. Cash Flow and Assets - The net cash flow from operating activities increased by 85.85% to approximately ¥2.50 billion, compared to ¥1.35 billion in the same period last year[17]. - The total assets at the end of the reporting period were approximately ¥31.01 billion, an increase of 5.96% from ¥29.26 billion at the end of the previous year[17]. - The company reported a total cash balance of approximately ¥11.16 billion at the end of the period, up from ¥9.91 billion at the beginning of the period, indicating a growth of about 12.6%[140]. - Cash and cash equivalents rose to CNY 11,160,908,943.03, up from CNY 9,909,373,765.85, indicating an increase of about 12.63%[63]. - The total current assets increased to CNY 17,384,609,486.84 from CNY 15,380,512,894.24, representing a growth of approximately 13.06%[63]. Liabilities and Equity - The total liabilities increased to CNY 10,457,372,899.96 from CNY 8,382,044,142.60, which is an increase of approximately 24.73%[64]. - The total equity attributable to shareholders decreased to ¥20.22 billion, a decline of about 1.57% from ¥20.55 billion at the end of the previous year[17]. - The company reported a guarantee deposit for bank acceptance bills of approximately ¥45.16 million at the end of the period, compared to ¥26.55 million at the beginning, showing an increase of about 69.9%[141]. - The total amount of notes payable at the end of the period is CNY 2,917,718,573.80, up from CNY 2,238,050,722.36 at the beginning[195]. Operational Efficiency - The company has implemented a highly integrated ERP system that enhances management efficiency and transparency, aligning online design with offline processes[22]. - The company successfully reduced particulate emissions by 11.2% and average dust reduction by 12.7% compared to the same period last year[24]. - The company aims to enhance product quality and market competitiveness by adhering to a "low-cost, high-efficiency" operational strategy[37]. Industry Context - The steel industry experienced a significant decline in performance, with steel production decreasing year-on-year due to the impact of COVID-19, leading to a drop in demand from downstream industries[21]. - The digital economy sector showed robust growth, with the total revenue of electronic information manufacturing, software, telecommunications, and internet industries exceeding 10 trillion RMB in the first half of the year[21]. - The steel industry is facing high raw material costs and declining profitability, indicating a challenging market environment[21]. Environmental and Compliance - Environmental pressures are increasing with stricter emission standards, and the company is committed to achieving compliance with pollution discharge limits and advancing ultra-low emission transformations[37]. - The company has completed 24 out of 28 ultra-low emission transformation projects, with the remaining projects progressing as planned[42]. - The company has established a comprehensive pollution prevention facility that operates in conjunction with its main production equipment[42]. Investments and Projects - The company invested ¥140.075 million in equity investment projects, primarily for the registered capital of Zhejiang Cloud Computing Data Center Co., Ltd.[31]. - The total investment in the Zhejiang Cloud Computing Data Center project (Phase I) is ¥95,163,457.59, which is still under construction[34]. - The company is investing in digital economy projects in Hangzhou, which is recognized as a national pilot city for cloud computing innovation, benefiting from strong policy support[22]. Risk Management - The company has indicated potential risks in its future development strategies, which are detailed in the management discussion and analysis section[5]. - The company faces operational risks due to falling steel prices and rising raw material costs, leading to compressed profit margins and uncertainty in earnings[37]. - The company is entering the digital economy sector, which presents operational risks due to a lack of management experience and professional talent in this area[37]. Shareholder Information - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, representing 45.23% of the total shares[59]. - The company has a total of 66,429 common stock shareholders as of the end of the reporting period[59]. - The company has committed to avoiding direct or indirect competition with Hangzhou Iron & Steel Co., Ltd. following the closure of its production base in 2015[48].

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 1,640,658,327.88, with the parent company achieving a net profit of RMB 1,012,898,582.47[4] - The company's operating revenue for 2021 reached ¥49,961,420,226.57, representing a 51.92% increase compared to ¥32,887,496,605.45 in 2020[17] - Net profit attributable to shareholders was ¥1,640,658,327.88, up 44.40% from ¥1,136,217,070.95 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥1,530,000,843.87, a 36.56% increase from ¥1,120,388,546.86 in 2020[17] - Basic earnings per share for 2021 were ¥0.49, a 44.12% increase from ¥0.34 in 2020[19] - The total distributable profit for the parent company as of December 31, 2021, was RMB 934,605,107.28 after accounting for retained earnings and cash dividends[4] - The proposed cash dividend for 2021 is RMB 2.50 per 10 shares, totaling RMB 844,297,270.75, which represents 51.46% of the net profit attributable to shareholders[4] Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[3] - The board of directors and management have confirmed the accuracy and completeness of the financial report[2] - There were no non-operating fund occupations by controlling shareholders or related parties reported[6] - The company has not violated decision-making procedures for external guarantees[6] Operational Highlights - The total share capital as of December 31, 2021, was 3,377,189,083 shares[4] - The company produced 1.0867 million tons of coke, 3.8327 million tons of molten iron, 4.0536 million tons of slab, and 3.98 million tons of hot rolled coil in 2021[24] - The company developed 21 new products in 2021, expanding new product volume to 524,400 tons and generating an additional profit of 39.3131 million yuan from new products, with high-quality specialty products accounting for 56.02% of total products[24] Research and Development - Research and development expenses for the year reached 530 million yuan, a 15.39% increase compared to the previous year, with significant advancements in high-carbon tool steel product development and the establishment of a smart control platform for hot-rolled steel production[24] - The company aims to target a research and development investment rate exceeding 3.2% for the year, with plans to publish at least five national or industry standards[70] Environmental and Social Responsibility - The company was recognized as a provincial-level "waste-free factory" and a four-star "green factory" in Ningbo, with pollutant emissions significantly reduced by 26.7% for particulate matter, 34.2% for sulfur dioxide, and 23.8% for ammonia nitrogen compared to the previous year[25] - The company is committed to the "dual carbon" development strategy, aiming to become a green and low-carbon demonstration enterprise[112] - The company has implemented measures to control energy consumption effectively, completing the orderly electricity usage tasks as required by local energy authorities[112] Governance and Management - The company held 2 shareholder meetings and 7 board meetings during the reporting period, ensuring compliance with decision-making processes and information disclosure requirements[73] - The board consists of 9 members, including 3 independent directors, ensuring compliance with governance standards and enhancing decision-making rigor[75] - The company has established a complete business system with independent operational capabilities, maintaining independence from its controlling shareholder, Hangang Group[76] Financial Position - The total assets at the end of 2021 were ¥29,263,454,318.80, a 5.08% increase from ¥27,849,860,643.77 in 2020[17] - The net assets attributable to shareholders increased to ¥20,547,160,472.20, reflecting a 3.11% growth from ¥19,927,117,161.06 in 2020[17] - The company's cash and cash equivalents reached approximately ¥9.91 billion, up from ¥7.27 billion in the previous year, indicating a growth of approximately 36.0%[158] Risks and Challenges - The company faces risks related to environmental standards and will implement measures to ensure compliance with increasingly stringent emission requirements[72] - The company is entering the digital economy sector, which poses operational risks due to a lack of management experience and professional talent in this area[72] Strategic Initiatives - The company aims to enhance competitiveness in the steel manufacturing industry while fostering the digital economy, particularly through investments in Internet Data Centers (IDC)[68] - The company plans to increase the proportion of high-quality specialty products to 56% by the end of the year, focusing on high-end product development and technological innovation[69]

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 1,640,658,327.88, with the parent company achieving a net profit of RMB 1,012,898,582.47[4] - The company's operating revenue for 2021 reached ¥49,961,420,226.57, representing a 51.92% increase compared to ¥32,887,496,605.45 in 2020[17] - Net profit attributable to shareholders was ¥1,640,658,327.88, up 44.40% from ¥1,136,217,070.95 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥1,530,000,843.87, a 36.56% increase from ¥1,120,388,546.86 in 2020[17] - The company's total assets increased by 5.08% to ¥29,263,454,318.80 at the end of 2021, compared to ¥27,849,860,643.77 at the end of 2020[17] - Basic earnings per share for 2021 were ¥0.49, reflecting a 44.12% increase from ¥0.34 in 2020[19] - The weighted average return on equity rose to 8.14%, an increase of 2.38 percentage points from 5.76% in 2020[19] - The company achieved an operating revenue of 49.961 billion yuan, a year-on-year increase of 51.92%, and a net profit attributable to shareholders of 1.641 billion yuan, up 44.40% year-on-year[24] Dividends and Profit Distribution - The total distributable profit for the parent company as of December 31, 2021, was RMB 934,605,107.28 after accounting for retained earnings and cash dividends[4] - The proposed cash dividend for 2021 is RMB 2.50 per 10 shares, totaling RMB 844,297,270.75, which represents 51.46% of the net profit attributable to shareholders[4] - The company did not plan to issue bonus shares or increase capital from surplus reserves for the 2021 fiscal year[4] Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[3] - The board of directors and management have confirmed the accuracy and completeness of the financial report[2] - There were no non-operating fund occupations by controlling shareholders or related parties reported[6] - The company has not violated decision-making procedures for external guarantees[6] Research and Development - Research and development expenses for the year amounted to 530 million yuan, a 15.39% increase compared to the previous year, with significant achievements in high-carbon tool steel product development and several awards received for innovation[24] - The company developed 21 new products in 2021, expanding new product volume to 524,400 tons and generating additional revenue of 39.3131 million yuan from these products, with high-quality specialty products accounting for 56.02% of total products[24] Environmental and Social Responsibility - The company reported a 26.3% decrease in particulate matter emissions and a 28.4% decrease in sulfur dioxide emissions compared to 2020[103] - The company completed 21 out of 28 ultra-low emission transformation projects, enhancing its environmental protection facilities[106] - The company maintained a 100% compliance rate for pollutant self-monitoring and supervision monitoring[103] - The company is committed to the "dual carbon" development strategy, aiming to become a green and low-carbon demonstration enterprise[112] Corporate Governance - The company held 2 shareholder meetings and 7 board meetings during the reporting period, ensuring compliance with decision-making processes and information disclosure requirements[73] - The company received an A rating for its 2021 information disclosure work from the Shanghai Stock Exchange, highlighting its commitment to transparency and investor relations[75] - The board consists of 9 members, including 3 independent directors, ensuring compliance with governance standards and enhancing decision-making rigor[75] - The company has established a complete business system and maintains independent operational capabilities, ensuring compliance with governance regulations[76] Financial Position and Assets - The company's total assets increased to approximately ¥29.26 billion, an increase from ¥27.85 billion in 2020, representing a growth of about 5.1%[158] - The company's cash and cash equivalents reached approximately ¥9.91 billion, up from ¥7.27 billion in the previous year, indicating a growth of approximately 36.0%[158] - The total liabilities of the company were approximately ¥8.71 billion, compared to ¥7.75 billion in the previous year, which is an increase of about 12.3%[160] - The company's total equity attributable to shareholders reached CNY 15,871,783,186.21, an increase from CNY 15,570,752,319.26 in 2020, showing a growth of 1.9%[164] Strategic Initiatives - The company is actively pursuing carbon neutrality initiatives, having developed a smart energy management platform and launched a carbon peak and carbon neutrality action plan[25] - The company aims to enhance competitiveness in the steel manufacturing industry while fostering the digital economy, particularly through investments in Internet Data Centers (IDC)[68] - The company plans to leverage its resources in both steel and digital economy sectors to optimize operational costs and enhance profitability[30] Legal and Regulatory Matters - The company faced a significant lawsuit regarding a sales contract dispute, with the court ruling in favor of the company, and the associated costs were borne by Hanggang Group as per their agreement[125] - The company has not reported any guarantees provided to shareholders, actual controllers, or related parties during the reporting period[139] - The company has not faced any delisting risks or bankruptcy restructuring issues during the reporting period[125]

2021 年第三季度报告 单位：元 币种：人民币 证券代码：600126 证券简称：杭钢股份 杭州钢铁股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|----------|--------|----------|-------------------------------------------|----------------|--------|----------|----------- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥25,460,097,617.78, representing an increase of 89.79% compared to the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥985,507,205.61, a significant increase of 159.24% year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥960,878,422.47, up 173.25% from the previous year[17]. - The basic earnings per share for the first half of 2021 was ¥0.29, reflecting a growth of 163.64% compared to the same period last year[18]. - The total assets of the company at the end of the reporting period were ¥29,981,447,272.25, an increase of 7.65% from the end of the previous year[17]. - The net cash flow from operating activities was ¥1,346,459,725.20, down 27.81% compared to the same period last year[17]. - The weighted average return on net assets was 4.85%, an increase of 2.90 percentage points year-on-year[18]. - The company's net assets attributable to shareholders at the end of the reporting period were ¥19,892,737,517.07, a slight decrease of 0.17% from the previous year[17]. - The investment income increased by 65.14% to ¥161,971,260.02, compared to ¥98,082,916.40 in the previous year, mainly due to the transfer of equity in a subsidiary[30]. - The company reported a significant increase in investment income, which reached ¥161,971,260.02 compared to ¥98,082,916.40 in the previous year, reflecting a growth of about 64.5%[82]. Production and Operations - The company produced 226.65 thousand tons of hot-rolled coils, with a total production of 210.77 thousand tons of molten iron and 54.09 thousand tons of coke during the reporting period[26]. - The proportion of high-quality specialty products reached 54.6%, an increase of 6.8 percentage points compared to the previous year[26]. - Operating costs rose to ¥23,780,531,902.18, reflecting an increase of 85.87% from ¥12,794,213,505.02 year-on-year, primarily due to rising commodity prices and expanded trading operations[31]. - Research and development expenses amounted to 339 million RMB, reflecting a year-on-year growth of 112.32%[26]. - The company has implemented 14 out of 8 ultra-low emission projects, with the green intelligent transformation of the No. 2 blast furnace scheduled for completion in Q4 2021[26]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Hangzhou Ziheng Company and 51% equity in Ningbo Zida Logistics Company for a total of 95.81 million RMB[19]. - The company invested CNY 4.83 billion in equity investments, including 100% acquisition of a data company and 51% of a logistics company[37]. - The company also allocated CNY 6.52 billion for non-equity investments, focusing on technological upgrades and cloud computing projects[37]. - The company signed a land lease agreement with Hangang Group for 206,674 square meters of land for the Zhejiang Cloud Computing Data Center project, with annual rent for the northern land set at CNY 8.86 million[67]. Environmental and Safety Measures - The total nitrogen emissions decreased by 5.9% as part of the company's commitment to low-carbon development and environmental management[27]. - The company emphasizes safety production and environmental protection, implementing measures to mitigate risks associated with production safety and environmental compliance[43]. - The company has completed 14 out of 31 planned environmental protection projects, including 28 ultra-low emission transformation projects, with ongoing projects progressing as scheduled[48]. - The company has established a comprehensive pollution prevention facility, ensuring stable and efficient operation of environmental protection facilities, with regular inspections conducted[48]. Financial Position and Liabilities - The company's total liabilities reached ¥10,081,235,794.62 as of June 30, 2021, compared to ¥7,752,427,054.87 at the end of 2020, marking an increase of around 29.00%[77]. - The total equity attributable to shareholders was ¥19,892,737,517.07 as of June 30, 2021, slightly down from ¥19,927,397,023.73 at the end of 2020, showing a decrease of about 0.17%[77]. - The company's short-term borrowings increased to ¥180,000,000.00 as of June 30, 2021, from ¥50,000,000.00 at the end of 2020, reflecting a growth of 260.00%[76]. - The company has not provided any guarantees to related parties or entities with a debt ratio exceeding 70%[69]. Shareholder Information - The total number of shareholders as of the end of the reporting period was 54,299[70]. - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, accounting for 45.23% of total shares[71]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[70]. Compliance and Governance - The company has not faced any administrative penalties for environmental issues during the reporting period[52]. - The company has committed to avoiding direct or indirect competition with Hangzhou Iron & Steel Co., Ltd. and its subsidiaries, with measures in place to resolve any potential conflicts[55]. - The company has disclosed its daily related transactions in the 2021 annual report, ensuring transparency[61]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[103]. - The accounting policies comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[104]. - The company has not reported any significant changes in contract assets or impairment provisions during the reporting period[179].

2021 年第一季度报告 公司代码：600126 公司简称：杭钢股份 杭州钢铁股份有限公司 2021 年第一季度报告 1 / 19 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人吴东明、主管会计工作负责人牟晨晖及会计机构负责人（会计主管人员）陆才平 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------------------------|-------------------|--------- ...

Financial Performance - The net profit attributable to shareholders for 2020 was RMB 1,133,229,562.10, with the parent company achieving a net profit of RMB 1,101,915,222.17[3] - The company's operating revenue for 2020 was approximately ¥32.43 billion, representing a 21.25% increase from ¥26.74 billion in 2019[17] - Net profit attributable to shareholders was approximately ¥1.13 billion, up 23.47% from ¥917.84 million in 2019[17] - The net profit after deducting non-recurring gains and losses was approximately ¥1.12 billion, an increase of 28.36% compared to ¥875.19 million in 2019[17] - Basic earnings per share for 2020 was ¥0.34, a 25.93% increase from ¥0.27 in 2019[18] - The weighted average return on equity increased to 5.81% in 2020, up from 4.73% in 2019, reflecting a 1.08 percentage point increase[18] - The company reported a total asset value of approximately ¥27.37 billion at the end of 2020, a 3.92% increase from ¥26.34 billion at the end of 2019[17] - The company achieved an operating revenue of 32.43 billion yuan in 2020, representing a year-on-year growth of 21.25%[36] - The net profit attributable to the parent company was 1.13 billion yuan, an increase of 23.47% compared to the previous year[36] Dividends and Profit Distribution - The total cash dividends proposed for 2020 amount to RMB 675,437,816.60, which represents 95.36% of the net profit attributable to shareholders[3] - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares (including tax) to all shareholders[3] - The total cash dividend for the year, including the interim dividend, is RMB 1,080,700,506.56 (including tax)[3] - The company did not propose any stock dividends or capital reserve transfers for 2020[3] - The company has established a cash dividend policy that complies with regulations and protects the rights of minority investors, ensuring transparency in profit distribution[72] Environmental and Social Responsibility - The company is committed to enhancing its environmental management and has invested significantly in environmental protection measures to meet increasing standards[71] - The company achieved a 14.1% reduction in sulfur dioxide emissions and a 14.7% reduction in nitrogen oxides emissions compared to 2019[95] - The total nitrogen emissions decreased by 28.5%, while ammonia nitrogen emissions saw a significant drop of 70.9% in the same period[95] - The overall solid waste utilization rate reached 99.69% in 2020, indicating effective waste management practices[96] - The company is committed to green development and has implemented ultra-low emission modifications as part of its environmental responsibility initiatives[94] - The company has actively engaged in social responsibility activities, including pandemic relief efforts and environmental protection initiatives[94] Operational Efficiency and Management - The company has implemented a highly integrated ERP system that enhances management transparency and decision-making effectiveness[24] - The company is focusing on high-quality development by enhancing production efficiency and safety, implementing standardized management, and optimizing resource procurement to improve cost competitiveness[68] - The company is enhancing its operational management by aligning with industry standards and optimizing maintenance processes to improve service quality and efficiency[69] - The company has established comprehensive pollution prevention facilities that operate in conjunction with main production equipment, ensuring stable and efficient operation of environmental protection facilities[102] Investments and Projects - The company established a wholly-owned subsidiary, Zhejiang Cloud Computing Data Center Co., Ltd., with an investment of ¥3.979 billion for a data center project[23] - The company is investing 3.979 billion yuan in the Zhejiang Cloud Computing Data Center project, with the first phase expected to be completed in 2021[32] - The Zhejiang Cloud Computing Data Center project has completed 72% of its foundation construction as of the end of 2020[32] - The company plans to establish a joint venture with Beijing Century Internet Broadband Data Center Co., Ltd. for the operation of the Zhejiang Cloud Computing Data Center project[32] Risks and Challenges - The company has outlined potential risks in its future development strategies, which are detailed in the report[5] - The company faces industry risks including high iron ore costs and fluctuating demand, and it plans to adapt its operations to maintain competitiveness through innovation and quality improvement[70] - The company faces operational risks in the digital economy sector due to a lack of management experience and professional talent, and plans to mitigate these risks through comprehensive institutional design and team motivation[71] Financial Position and Assets - The company reported a significant increase in other receivables, which rose to ¥1,772,650,669.92 from ¥1,034,615,338.53, reflecting a growth of approximately 71.36%[147] - Total assets increased to ¥27,373,855,001.44, up from ¥26,342,111,435.67, representing a growth of approximately 3.93%[145] - Current assets totaled ¥15,359,651,100.66, compared to ¥11,387,090,455.22, indicating an increase of about 34.67%[145] - Non-current assets decreased to ¥12,014,203,900.78 from ¥14,955,020,980.45, reflecting a decline of approximately 19.73%[145] Governance and Compliance - The company maintains a strong commitment to information disclosure, ensuring transparency and compliance with regulatory requirements[126] - The company has not faced any penalties from securities regulatory authorities in the past three years[122] - The company has established a governance structure that aligns with the requirements of the Company Law and the Securities Law[126] - The company did not disclose any issues regarding independence from its controlling shareholder[132] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,102[108] - Hangzhou Iron and Steel Group Co., Ltd. holds 1,527,508,156 shares, representing 45.23% of total shares[109] - The company’s major shareholder, Hangang Group, increased its stake by 2,034,210 shares, representing 0.06% of the total share capital, and plans to acquire an additional 0.5% to 1% of shares within 12 months[92] Research and Development - The company’s research and development expenses increased by 9.53% to 459.10 million yuan in 2020[37] - The total R&D expenditure amounted to ¥459.10 million, representing 1.42% of the total revenue, with a year-on-year increase of 9.53%[44] - The company successfully developed 27 new products, including high-strength automotive structural steel S700MC and high-carbon tool steel SK85, with quality approaching that of imported materials[29]

Financial Performance - Operating revenue for the first nine months rose by 16.25% to CNY 22,669,541,059.24 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 7.66% to CNY 758,004,316.86 year-on-year[5] - The company reported a basic earnings per share of CNY 0.22, down 8.33% from the previous year[5] - Total operating revenue for Q3 2020 reached ¥9.42 billion, a 34.3% increase from ¥7.02 billion in Q3 2019[22] - Net profit for Q3 2020 was ¥368.37 million, compared to ¥118.18 million in Q3 2019, representing a 211.5% increase[23] - The total profit for the first three quarters of 2020 was ¥990.60 million, down 11.8% from ¥1.12 billion in the same period of 2019[22] - The company achieved a gross profit margin of approximately 5.1% in Q3 2020, compared to 4.0% in Q3 2019[22] - The company’s total comprehensive income for Q3 2020 was CNY 43.3 million, compared to CNY 14.4 million in Q3 2019, reflecting a strong performance in overall profitability[24] Cash Flow - Net cash flow from operating activities surged by 129.06% to CNY 3,178,060,365.16 for the first nine months[5] - Cash flow from operating activities for the first nine months of 2020 was CNY 3.18 billion, compared to CNY 1.39 billion in the same period of 2019, marking a growth of 128.5%[25] - The net cash flow from operating activities for the first three quarters of 2020 was ¥57,106,276.55, an increase of 47.0% compared to ¥38,814,492.98 in the same period of 2019[29] - The ending balance of cash and cash equivalents was ¥5,687,151,575.73, up from ¥3,084,946,218.02 at the end of the previous year[29] - Cash and cash equivalents at the end of Q3 2020 totaled CNY 9.42 billion, an increase from CNY 6.95 billion at the end of Q3 2019, representing a growth of 35.5%[26] Assets and Liabilities - Total assets increased by 16.78% year-on-year to CNY 30,762,422,953.68[5] - Total current assets increased by 39.56%, reaching CNY 15,889,064,909.11 compared to CNY 11,387,090,455.22 at the end of 2019[15] - Total liabilities reached CNY 10.81 billion, up from CNY 7.17 billion, marking a growth of around 50.5%[17] - Current liabilities rose significantly to CNY 9.98 billion, compared to CNY 6.46 billion, reflecting an increase of approximately 54.1%[16] - Owner's equity increased to CNY 19.95 billion from CNY 19.18 billion, showing an increase of about 4.0%[17] Investments and Acquisitions - The company plans to invest CNY 39.79 billion in establishing a wholly-owned subsidiary for a cloud computing data center project[13] - The company is in the process of acquiring 100% equity of Zhejiang Dongling Trading Co., Ltd. and other related assets, with regulatory approval in progress[13] Inventory and Receivables - Inventory increased by 48.37% to CNY 2,791,249,318.84 compared to the previous year[10] - Accounts receivable increased due to higher operating receivables from subsidiaries, with a total of CNY 336,594,083.08 as of September 30, 2020, compared to CNY 222,388,508.17 at the end of 2019[15] - The company reported a significant increase in other receivables, which rose to CNY 99,827,382.28 from CNY 39,888,823.72 year-on-year[15] Expenses - Sales expenses rose by 49.78% year-on-year, totaling CNY 26,082,523.14 compared to CNY 17,413,624.60 in the same period last year[11] - Research and development expenses in Q3 2020 amounted to ¥212.92 million, a significant increase of 123.8% from ¥95.39 million in Q3 2019[22] - Tax expenses for Q3 2020 were ¥33.02 million, an increase of 126.5% from ¥14.61 million in Q3 2019[22] Shareholder Information - The number of shareholders at the end of the reporting period was 50,566[7] - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 45.23% of the shares[7]

Financial Performance - In the first half of 2020, the company achieved a net profit attributable to shareholders of RMB 392,431,658.15, a decrease of 44.68% compared to the same period last year[4]. - The company's operating income for the first half of 2020 was RMB 13,249,714,079.63, representing a year-on-year increase of 6.15%[15]. - The basic earnings per share for the first half of 2020 were RMB 0.12, down 42.86% from RMB 0.21 in the same period last year[16]. - The company reported a diluted earnings per share of RMB 0.12, which is a decrease of 42.86% compared to the previous year[16]. - The weighted average return on net assets was 2.05%, a decrease of 1.72 percentage points from the previous year[16]. - The company achieved operating revenue of 13.25 billion RMB, an increase of 6.15% year-on-year[21]. - The net profit attributable to the parent company was 392 million RMB, a decrease of 44.68% year-on-year[21]. - The company reported a net profit of RMB 392,431,658.15 for the first half of 2020, with the parent company achieving a net profit of RMB 328,592,233.39[39]. - The total profit for the first half of 2020 was CNY 495,091,471.95, down from CNY 954,721,892.09, reflecting a decrease of approximately 48.1%[77]. - The company recorded a tax expense of CNY 90,037,820.09, compared to CNY 230,517,607.21 in the same period of 2019, a decrease of about 60.9%[77]. Cash Flow and Assets - The net cash flow from operating activities was RMB 1,850,850,610.61, an increase of 19.65% compared to the previous year[15]. - As of June 30, 2020, the company's cash and cash equivalents amounted to RMB 8,359,840,759.05, an increase from RMB 6,440,699,788.80 at the end of 2019, representing a growth of approximately 30%[70]. - The total current assets reached RMB 13,675,603,986.24, up from RMB 11,387,090,455.22 at the end of 2019, indicating an increase of about 20.1%[70]. - The company's inventory decreased to RMB 1,716,125,972.32 from RMB 1,881,248,691.79, showing a decline of about 8.8%[70]. - The total assets at the end of the reporting period were RMB 28,654,603,495.36, an increase of 8.78% from the end of the previous year[15]. - The total liabilities amounted to CNY 9,068,694,316.67, up from CNY 7,165,660,226.50, which is an increase of around 26.6%[72]. - The equity attributable to shareholders increased to CNY 19,359,444,015.46 from CNY 18,962,608,039.65, showing a growth of about 2.1%[72]. Environmental and Operational Initiatives - The company reported a 21.75% reduction in sulfur dioxide emissions and a 76.07% reduction in ammonia nitrogen emissions compared to the same period last year[23]. - The company signed strategic cooperation agreements for environmental projects, including a collaboration with Yiwu Water Construction Group[24]. - The company completed 13 technical transformation projects during the reporting period[23]. - The company’s comprehensive energy consumption per ton of steel decreased by 2.47% compared to the annual plan[23]. - The company has implemented environmental management systems and pollution control measures as planned[54]. - The company has achieved stable compliance with pollutant discharge standards across various facilities, with regular inspections and management of environmental protection facilities[58]. Investments and Projects - The company signed a cooperation framework agreement with Zhejiang Tmall to jointly build the Zhejiang Cloud Computing Data Center project, with an investment of 3.979 billion yuan[25]. - The company invested 454.28 million yuan in non-equity investment projects, primarily for the Hangang Big Data Center project[31]. - The company plans to establish a wholly-owned subsidiary for the cloud computing data center project, with an investment of 1 billion yuan[33]. - The company has ongoing projects in resource recycling, with an investment of RMB 3,205,191.20 for the annual dismantling of 50,000 scrapped vehicles[34]. - The company reported a total of 91,495,446.19 RMB in land use rights without property certificates due to historical reasons[195]. Shareholder and Governance Information - The company held its annual general meeting on June 12, 2020, and the first extraordinary general meeting on July 17, 2020[38]. - The company completed the election of its eighth board of directors and supervisory board on June 12, 2020, ensuring governance continuity[68]. - The company did not report any changes in its controlling shareholders or actual controllers during the reporting period[68]. - The total number of ordinary shareholders reached 33,469 by the end of the reporting period[66]. - The top shareholder, Hangzhou Steel Group, holds 1,527,508,156 shares, representing 45.23% of the total[66]. Accounting and Financial Policies - The company's accounting currency is Renminbi (RMB) [98]. - The financial statements have been prepared based on the going concern principle, indicating no significant doubts about the company's ability to continue operations[94]. - The company applies the accounting treatment for business combinations under common control and non-common control, adjusting capital reserves and retained earnings accordingly [99]. - The company recognizes revenue from construction contracts based on the fair value of consideration received or receivable, with specific accounting treatments for financial assets and intangible assets[125]. - The company applies expected credit loss model for impairment measurement of financial instruments, including loans and debt investments, based on the weighted average of credit losses adjusted for default risk[106]. Risk Management - The company is currently facing operational, safety production, and environmental risks, which have not significantly changed from previous reports[37]. - The company has undertaken to compensate Hangzhou Iron & Steel Co., Ltd. for any losses incurred due to violations of the commitments made regarding competition and related transactions[41]. - The company has not engaged in any major asset or equity sales during the reporting period[35]. - There were no significant lawsuits or arbitration matters reported during the reporting period[43].