股票代码：600399 股票简称：抚顺特钢 编号：临 2023-039 抚顺特殊钢股份有限公司 2023 年半年度经营数据公告 特此公告。 抚顺特殊钢股份有限公司董事会 二〇二三年八月十九日 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏，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。 根据《上海证券交易所上市公司自律监管指引第 3 号—行业信息 披露（第七号钢铁）》第二十二条的相关规定，抚顺特殊钢股份有限 公司现将 2023 年上半年的主要经营数据公告如下： | 产品名称 | 经营指标 | 2023 年 1-6 | 月 | 2022 年 1-6 | 月 | 增减情况（%） | | --- | --- | --- | --- | --- | --- | --- | | 合金结构 | 产量（万吨） | 12.76 | | 12.17 | | 4.85 | | 钢 | 销量（万吨） | 12.50 | | 12.67 | | -1.38 | | | 平均售价（元/吨，不含税） | 11,649.73 | | 11,162.55 | | 4.36 | | 工具钢 ...

证券代码：600399 证券简称：抚顺特钢 公告编号：临 2023-038 抚顺特殊钢股份有限公司 关于召开 2023 年半年度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 8 月 17 日(星期四) 至 8 月 23 日(星期 三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 抚顺特殊钢股份有限公司（以下简称"公司"）将于 2023 年 8 月 19 日发布公司 2023 年半年度报告，为便于广大投资者更全面深 入地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 8 月 24 日 下午 15:00-16:00 举行 2023 年半年度业绩说明 会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 ...

Financial Position - Total current assets as of March 31, 2023, amounted to ¥6,394,170,439.62, a decrease from ¥6,487,069,431.76 as of December 31, 2022, reflecting a decline of approximately 1.43%[6] - Total liabilities as of March 31, 2023, were ¥2,669,948,714.42, down from ¥2,729,452,760.39, indicating a decrease of about 2.18%[9] - The company reported a total asset value of ¥11,785,430,212.05, slightly down from ¥11,787,611,253.41 as of December 31, 2022[9] - The company's total liabilities decreased to ¥5,670,776,161.91 from ¥5,733,238,004.20 in the previous year[11] - The total assets of the company were reported at ¥11,785,430,212.05, slightly down from ¥11,787,611,253.41 in the previous year[11] - The total equity attributable to shareholders increased to ¥6,114,654,050.14 from ¥6,054,373,249.21 year-over-year[11] - The total equity attributable to shareholders increased by 1.00% to 6,114,654,050.14 RMB compared to the previous year-end[28] Cash Flow - Cash and cash equivalents decreased to ¥1,199,767,371.74 from ¥1,783,106,313.81, representing a decline of about 32.66%[6] - Cash and cash equivalents at the end of the period were 428,707,825.97 RMB, down from 561,723,049.77 RMB at the end of the previous year[22] - The net cash flow from operating activities for Q1 2023 was -686,998,333.63 RMB, a significant decrease compared to 71,587,726.70 RMB in Q1 2022[20] - The cash inflow from investment activities was 202,755,400.00 RMB, compared to 114,595,719.58 RMB in the same period last year[22] - The cash outflow from investment activities totaled 110,623,166.03 RMB, a decrease from 576,693,678.93 RMB in Q1 2022[22] - The company reported a cash flow from financing activities net amounting to -18,820,869.54 RMB, contrasting with a positive flow of 76,232,602.68 RMB in the previous year[22] - The company experienced a decrease in cash flow due to increased inventory levels and bills receivable[29] Revenue and Profitability - Total operating revenue for Q1 2023 reached ¥2,008,580,081.26, an increase of 10.3% compared to ¥1,822,069,624.01 in Q1 2022[14] - Total operating costs for Q1 2023 were ¥1,967,388,708.30, up from ¥1,757,508,539.07 in Q1 2022, reflecting a year-over-year increase of 11.9%[14] - Net profit for Q1 2023 was ¥60,222,965.85, a decrease of 29.5% from ¥85,411,027.84 in Q1 2022[16] - Net profit attributable to shareholders decreased by 29.49% due to rising costs of raw materials and energy, leading to a decline in gross profit[29] - Net profit after deducting non-recurring gains and losses fell by 38.23%, reflecting similar cost pressures[29] - The company reported a gross profit margin of approximately 2.1% for Q1 2023, compared to 4.5% in Q1 2022[14] - Basic earnings per share were CNY 0.0305, reflecting a decrease of 29.49%[32] - Diluted earnings per share were also CNY 0.0305, down 29.49% compared to the previous year[32] - The weighted average return on equity was 0.99%, a decline of 0.46 percentage points[32] Shareholder Information - The number of common shareholders at the end of the reporting period was 76,745, with the largest shareholder holding 29.25% of shares[2] Inventory and Receivables - The company’s inventory as of March 31, 2023, was ¥2,666,655,891.80, compared to ¥2,548,998,600.12 in the previous year, reflecting an increase of approximately 4.62%[6] - Accounts receivable increased to ¥414,047,337.65 from ¥372,954,793.99, showing an increase of approximately 10.99%[6] - The company’s accounts payable decreased to ¥1,038,353,965.70 from ¥1,065,612,620.53, reflecting a decline of approximately 2.55%[9] Research and Development - Research and development expenses for Q1 2023 amounted to ¥100,567,711.71, slightly up from ¥98,078,432.73 in Q1 2022[14] Deferred Income - Deferred income increased to ¥196,646,385.40 from ¥190,259,798.79 in the previous year, indicating a growth of 3.5%[11] Non-Operating Income and Expenses - Non-operating income and expenses totaled CNY 20,342,771.28, with various components contributing to this figure[34]

Financial Performance - In Q1 2023, the company's operating revenue reached ¥2,008,580,081.26, representing a year-on-year increase of 10.24%[16] - The net profit attributable to shareholders decreased by 29.49% to ¥60,222,965.85, primarily due to rising raw material and energy costs leading to a decline in gross profit[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 38.23% to ¥39,880,194.57[16] - The basic earnings per share decreased by 29.49% to ¥0.0305[16] - The diluted earnings per share also decreased by 29.49% to ¥0.0305[16] - The company reported a decrease in contract liabilities from RMB 356,248,810.40 to RMB 272,193,742.92, a decline of approximately 23.5%[24] - The company recorded a total profit of 59,297,965.81 RMB in Q1 2023, down from 87,202,594.51 RMB in Q1 2022, a decrease of about 32.0%[36] - The company's net profit for Q1 2023 was 60,222,965.85 RMB, down from 85,411,027.84 RMB in Q1 2022, indicating a decrease of about 29.5%[38] Cash Flow and Liquidity - The net cash flow from operating activities was reported at -¥686,998,333.63, indicating a decrease due to increased inventory and bill receivables[16] - In Q1 2023, the company reported a net cash flow from operating activities of -686,998,333.63 RMB, a significant decline compared to 71,587,726.70 RMB in Q1 2022[32] - The company’s cash inflow from operating activities was 1,213,390,938.58 RMB in Q1 2023, down from 1,640,326,870.10 RMB in Q1 2022, a decrease of approximately 26.0%[32] - The company’s cash outflow from operating activities increased to 1,900,389,272.21 RMB in Q1 2023, compared to 1,568,739,143.40 RMB in Q1 2022, an increase of approximately 21.09%[32] - Cash inflow from investment activities totaled 202,755,400.00 RMB in Q1 2023, compared to 114,595,719.58 RMB in Q1 2022, marking an increase of about 76.67%[32] - The net increase in cash and cash equivalents was a decrease of $614,746,848.40, compared to a decrease of $316,899,873.32 in the previous period[39] - The ending balance of cash and cash equivalents was $428,707,825.97, down from $561,723,049.77 in the previous period[39] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥11,785,430,212.05, a slight decrease of 0.02% compared to the end of the previous year[17] - The equity attributable to shareholders increased by 1.00% to ¥6,114,654,050.14 compared to the end of the previous year[17] - Non-current assets totaled RMB 5,391,259,772.43, up from RMB 5,300,541,821.65, indicating an increase of about 1.7%[24] - Current liabilities decreased to RMB 2,669,948,714.42 from RMB 2,729,452,760.39, a reduction of about 2.2%[24] - Non-current liabilities totaled RMB 3,000,827,447.49, a slight decrease from RMB 3,003,785,243.81, showing a decline of approximately 0.1%[24] - Long-term borrowings remained stable at RMB 2,541,805,385.81, showing minimal change from RMB 2,541,801,983.03[24] Inventory and Operational Focus - The company reported a significant increase in inventory, which rose to ¥2,666,655,891.80 from ¥2,548,998,600.12 in the previous year[20] - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the provided content[24] Tax and Other Financial Metrics - The company’s tax expenses for Q1 2023 were -925,000.04 RMB, compared to 1,791,566.67 RMB in Q1 2022, indicating a significant reduction in tax liabilities[36] - The company’s investment income received in Q1 2023 was 2,755,400.00 RMB, compared to 769,719.58 RMB in Q1 2022, representing an increase of about 257.0%[32] Reporting and Oversight - The first quarter report was released on April 20, 2023[42] - The financial report was overseen by the company’s responsible personnel, including the accounting work supervisor and accounting institution head[43]

Corporate Governance and Meetings - The company held a total of 6 board meetings during the reporting period, with 3 conducted via communication methods and 3 combining on-site and communication methods [3]. - The strategic and investment committee held 1 meeting to discuss the investment in technology renovation projects, emphasizing the importance of timely project completion [6]. Training and Employee Development - A total of 914 training sessions were conducted in 2022, with 47,046 participants, aimed at enhancing management and employee skills [9]. - The company plans to continue multi-level training in 2023 to further enhance employee skills and support corporate development [9]. - The company has established a comprehensive compensation structure for management, combining basic salary, performance bonuses, and benefits [9]. - The company has implemented a performance-oriented salary system for middle and senior management, reflecting efficiency and fairness [9]. Environmental Commitment - The company has committed to reducing carbon emissions as part of its strategy to achieve carbon peak by 2030 and carbon neutrality by 2060, implementing various energy-saving measures [19]. - The company has completely phased out the use of coal as a fuel source by shutting down two 35-ton coal-fired boilers, marking a significant step towards clean and low-carbon combustion [20]. - The company reduced carbon emissions by 62,303 tons through measures such as shutting down coal-fired boilers [38]. - The company has established an environmental protection mechanism and complies with pollution discharge permit limits [34]. - The company has invested 82.42 million RMB in environmental protection funds during the reporting period [34]. - The company is focused on optimizing processes to reduce energy consumption and pollution emissions through technical renovations [19]. Legal Matters and Litigation - The company has faced a total of 4,052 lawsuits from minority shareholders, with a total compensation claim amounting to 298.62 million RMB; 12.23 million RMB has been paid out in settled cases [50]. - The company is currently involved in several lawsuits, including a claim for 2.12 million RMB in construction payments and interest, with the first instance trial already held [50]. - The company has a pending lawsuit regarding the return of 910 kilograms of tin-based alloy valued at 266,630 RMB, with an appeal filed [50]. - The company has reported a first-instance judgment requiring it to pay 1.74 million RMB in principal and interest to a plaintiff, with mediation reached on March 30, 2023 [50]. - The company has ongoing litigation involving claims amounting to approximately 409.98 million yuan, with a first-instance judgment confirming the bank's ordinary bankruptcy claim against the company [61]. - The company has no significant litigation or arbitration matters pending that could affect its financial position [32]. - The company is awaiting the court's decision on several ongoing lawsuits, with no significant debts due that remain unpaid [32]. - The company recognized a provision for expected liabilities of CNY 96.22 million due to a court ruling related to bankruptcy claims [137]. - The company has faced a total of 4,052 lawsuits related to securities false statements, with a total claim amount of CNY 298.62 million [137]. - The company has compensated CNY 119.75 million to 3,967 shareholders regarding the aforementioned lawsuits [137]. Financial Performance - The total revenue for the current period is CNY 6,612,081,961.76, representing a 12.69% increase compared to CNY 5,867,446,660.54 in the same period last year [91]. - The net profit for the year was 197 million RMB, a significant decrease of 74.92% compared to the previous year [151]. - The basic earnings per share for 2022 was CNY 0.10, a decrease of 75.00% compared to CNY 0.40 in 2021 [128]. - The diluted earnings per share for 2022 was also CNY 0.10, reflecting a 75.00% decline from the previous year [128]. - The weighted average return on equity decreased to 3.30% in 2022, down 11.04 percentage points from 14.34% in 2021 [128]. - The company reported a significant increase in estimated liabilities by 6709.01%, primarily due to a lawsuit provision [97]. - The company's cash and cash equivalents increased by 54.64%, primarily due to the redemption of entrusted financial management products [97]. - The company's accounts receivable increased by 100%, attributed to the holding of commercial acceptance bills [97]. - The gross profit margin for profile products decreased from 19.36% to 14.09% [104]. - The total assets of Fushun Special Steel Co., Ltd. are CNY 1,805,144,601.80, with a net profit of CNY 175,598,768.79 for the year [112]. - The company plans to expand its market presence and invest in new projects, as indicated by a 40.67% increase in construction in progress [97]. - The company has not experienced any major changes in its development strategy during the reporting period [108]. - The company’s revenue and profit performance are expected to be impacted by ongoing legal proceedings and provisions made [137]. Production and Capacity - In 2022, the company achieved a steel production of 613,900 tons, a year-on-year decrease of 11.22% [151]. - The company has ongoing projects aimed at increasing production capacity by approximately 42,800 tons through the construction of new facilities and technology upgrades, expected to be completed by 2024 [86]. - The company completed the construction of a new 7,000-ton forging machine and a 30-ton vacuum self-consumption furnace, which were put into production as planned [153]. - The company has completed the installation of three out of twelve new electric arc furnaces, with the remaining expected to be operational by June 2023 [86]. - The company’s high-end product capacity utilization remains high, indicating strong operational efficiency and market demand [86]. - The company is currently implementing a series of technical upgrades and new projects to enhance its production capabilities and product offerings, which are expected to positively impact future growth [86]. - The production of induction steel increased by 3.5% year-on-year, and self-consumed steel production rose by 8.5% [152]. - The company produced 456,673 tons of special steel, a decrease of 17.06% compared to the previous year [199]. - The sales volume of special steel reached 463,823 tons, down 14.11% year-on-year [199]. - The inventory of special steel stood at 45,620 tons, reflecting a reduction of 13.55% from the previous year [199]. Research and Development - Research and development expenses amounted to 382.63 million RMB, representing a 23.88% increase from the previous year [178]. - The company developed 271 new products and acquired 256 new customers during the reporting period [176]. - The company conducted 56 domestic substitution projects and 47 product certification projects in 2022 [176]. - The company has ongoing research projects totaling 58, with 31 from the National Defense Science and Technology Industry Administration [176]. - The company participated in 58 national projects and completed 9, while also obtaining 20 authorized patents during the year [152]. Market and Industry Trends - The automotive industry accounted for approximately 40% of the domestic special steel demand, which was negatively impacted by the economic downturn [154]. - The overall operating efficiency of the special steel industry has declined due to high raw material prices and falling steel prices in the second half of the year [193]. - The company experienced a general decline in demand from downstream industries such as automotive and engineering machinery due to economic downturns [193]. - The global crude steel production in 2022 was 1.832 billion tons, a decrease of 4.3% year-on-year, with China's production at 1.013 billion tons, down 2.1% [154]. Strategic Partnerships and Recognition - The company has formed stable strategic cooperation relationships with its controlling shareholder, which helps reduce operating costs and expand product range [53]. - The company has established long-term stable partnerships with key clients such as China Commercial Aircraft Corporation and Shaanxi Fast Gear [195]. - The company has received multiple quality awards, including the National Defense Science and Technology Progress First Prize in 2015 [195]. - The company is recognized as a high-tech enterprise and has a national-level technology center [195]. - The company has participated in drafting several national standards, including three military standards [195]. - The company is part of the Shagang Group and is recognized as one of the most influential special steel enterprises in China [193].

股票代码：600399 股票简称：抚顺特钢 编号：临 2023-020 抚顺特殊钢股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏，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： 会议召开时间：2023 年 4 月 28 日（星期五）下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于本公告披露日后至 4 月 27 日(星期四)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱进行 提问。公司将在说明会上对投资者普遍关注的问题进行回答。 三、 参加人员 总经理孙立国先生、董事会秘书祁勇先生、财务总监吴效超先生、 独立董事兆文军先生。 四、投资者参加方式 （一）投资者可在 2023 年 4 月 28 日下午 15:00-16:00，通过互 联网登录上证路演中心（http://roadshow.sseinfo.com/），在线参 与本 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,921,985,051.28, representing a year-over-year increase of 6.78%[5] - The net profit attributable to shareholders for Q3 2022 was ¥115,747,243.54, a decrease of 54.42% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥102,381,346.21, down 53.97% year-over-year[5] - The basic earnings per share for Q3 2022 was ¥0.0587, reflecting a decline of 54.43% compared to the previous year[8] - Total operating revenue for the first three quarters of 2022 was CNY 5,737,388,135.49, an increase from CNY 5,568,845,223.27 in the same period of 2021, representing a growth of approximately 3.04%[30] - Net profit for the first three quarters of 2022 reached CNY 299,026,991.19, compared to CNY 685,135,278.18 in the same period of 2021, reflecting a decrease of approximately 56.36%[30] - The net profit attributable to shareholders of the parent company for the first three quarters of 2022 was approximately ¥299 million, a decrease from ¥685 million in the same period of 2021, representing a decline of about 56.4%[32] - The basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.1516, down from ¥0.3474 in the same period of 2021, indicating a decrease of approximately 56.4%[32] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥11,205,932,058.74, an increase of 9.61% from the end of the previous year[8] - The total assets as of the end of the reporting period were CNY 11,205,932,058.74, up from CNY 10,223,592,341.25 at the end of the previous year, representing an increase of approximately 9.65%[26] - Total liabilities increased to CNY 5,047,866,583.04 from CNY 4,364,608,307.59, marking a rise of about 15.67%[26] - Non-current liabilities totaled CNY 2,823,591,507.02, compared to CNY 2,723,742,311.93 in the previous year, indicating an increase of approximately 3.68%[26] - The company's equity attributable to shareholders reached CNY 6,158,065,475.70, up from CNY 5,858,984,033.66, reflecting an increase of about 5.10%[26] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥355,528,620.37, showing a significant increase of 870.99%[5] - Cash inflow from operating activities for the first three quarters of 2022 was approximately ¥5.61 billion, compared to ¥4.43 billion in the same period of 2021, reflecting an increase of about 26.6%[36] - Cash outflow from operating activities totaled approximately ¥5.25 billion in the first three quarters of 2022, compared to ¥4.39 billion in the same period of 2021, resulting in a net cash flow from operating activities of approximately ¥355 million, up from ¥36.6 million in 2021[36] - The total cash and cash equivalents at the end of the reporting period was approximately ¥1.28 billion, an increase from ¥376 million at the end of the same period in 2021[38] Shareholder Information - The total number of common shareholders at the end of the reporting period was 58,748[11] - The largest shareholder, Northeast Special Steel Group Co., Ltd., held 29.25% of the shares, with a total of 576,876,444 shares[11] Legal and Compliance Issues - The company has ongoing litigation with Jilin Bank involving a guarantee of RMB 300 million, with a court ruling confirming a bankruptcy claim of RMB 246,606,047.74 against the company[18] - The company is facing potential liabilities from 3,604 lawsuits related to information disclosure violations, with a total claim amount of RMB 265,350,800[18] - The company has paid RMB 104,809,900 in compensation to 3,524 plaintiffs as of the report date, with ongoing payments expected[18] - The company has not made provisions for the potential liabilities from the lawsuits as the first-instance judgment is under appeal[18] Operational Challenges - The company reported a decrease in gross profit due to rising raw material and energy prices, as well as market downturns[10] - The company reported a decrease in trading financial assets from RMB 937,958,312.31 to RMB 676,031,070.75, a decline of approximately 28%[21] - The accounts receivable decreased from RMB 345,460,586.43 to RMB 317,901,460.03, a reduction of about 8%[21] - Inventory levels increased to RMB 2,562,316,635.97 from RMB 2,187,389,708.83, representing a rise of approximately 17%[21] Research and Development - Research and development expenses for the first three quarters of 2022 amounted to CNY 286,084,948.61, compared to CNY 254,129,707.68 in 2021, showing an increase of about 12.55%[30] - The company plans to continue investing in R&D to enhance product offerings and maintain competitive advantage in the market[30] - The company has not disclosed any new product developments or market expansion strategies in the current report[18] - The company has not disclosed any new product developments or market expansion strategies in the provided financial report[32]

Financial Performance - The company's operating revenue for the first half of the year was ¥3,815,403,084.21, representing a 1.24% increase compared to the same period last year[25]. - The net profit attributable to shareholders decreased by 57.50% to ¥183,279,747.65 from ¥431,198,989.95 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 63.06% to ¥150,655,674.72[25]. - The net cash flow from operating activities was ¥281,600,879.01, a significant recovery from a negative cash flow of ¥148,350,177.16 in the previous year[25]. - The company's total assets increased by 6.85% to ¥10,923,862,503.08 compared to the end of the previous year[25]. - The weighted average return on net assets decreased by 5.14 percentage points to 3.08%[25]. - The basic earnings per share dropped by 59.09% to ¥0.09 from ¥0.22 in the same period last year[25]. - The company reported non-recurring gains of ¥32,624,072.93, primarily from government subsidies and debt restructuring[28]. - The total operating revenue for the first half of 2022 was RMB 3,815,403,084.21, an increase from RMB 3,768,852,075.16 in the same period of 2021, representing a growth of approximately 1.4%[158]. - Net profit for the first half of 2022 was RMB 183,279,747.65, down from RMB 431,198,989.95 in the same period of 2021, indicating a decline of approximately 57.5%[162]. Raw Material Costs and Production - The company reported that raw material costs account for approximately 60%-70% of product costs, significantly impacting profitability due to price fluctuations in nickel, cobalt, and chromium[8]. - The company has implemented a sales-based production model to mitigate the impact of raw material price increases, but cannot fully transfer these costs to downstream users[8]. - The company is facing significant pressure in production and operations due to the substantial rise in raw material and energy prices, impacting profitability[47]. - The company has implemented cost reduction and efficiency enhancement measures, which partially offset the adverse impact of rising energy and raw material prices[43]. - The company achieved a steel production of 321,400 tons, a year-on-year decrease of 15.96%, and a steel product output of 236,300 tons, down 22.87%[41]. Research and Development - In the first half of 2022, the company undertook 53 research projects, with 13 completed and 39 ongoing, including 5 projects from the Ministry of Science and Technology[38]. - The company's R&D expenditure in the first half of 2022 amounted to CNY 199 million[38]. - The company received 6 invention patents and 3 utility model patents in the first half of 2022, demonstrating its commitment to innovation[38]. - The company is currently implementing several major technology transformation projects to enhance production capacity, including a 30-ton vacuum induction furnace and a 70MN quick forging machine, expected to increase capacity by approximately 42,800 tons[128]. - The company is also working on a project to improve military product capacity, with new equipment expected to be operational by May and December 2023[128]. Legal Matters - The company faced a total of 3,475 lawsuits related to securities false statements, with a total claim amount of approximately RMB 263.81 million, and has already compensated RMB 82.90 million in 2662 cases[11]. - The company is involved in a significant lawsuit regarding a sales contract dispute, with a claim amount of RMB 18.16 million[99]. - The court has issued a ruling that the company owes RMB 8.41 million plus interest to Zhonggang Deyuan, and the execution of the judgment has been completed[100]. - The company is involved in multiple lawsuits, with a total claim amount of 26,380.86 million from small shareholders due to false statements, with 3,475 cases filed as of August 19, 2022[107]. - The company has paid a total of 9,985.54 million to 3,400 shareholders as part of settlements and judgments[107]. Environmental Compliance - The company has a wastewater discharge of 312,000 tons and a chemical oxygen demand (COD) of 3.35 tons for the reporting period[75]. - The total emissions of nitrogen oxides were 68.15 tons, while sulfur dioxide emissions were 0.44 tons, all meeting the relevant standards[75]. - The company received an administrative penalty of 200,000 yuan due to environmental violations related to its coal-fired boiler monitoring facilities[83]. - The company has installed online monitoring equipment at its wastewater treatment plant and other emission points to ensure compliance with environmental standards[79]. - The company is committed to reducing carbon emissions and has initiated an energy-saving and environmental protection technology transformation project[85]. Shareholder and Corporate Governance - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[8]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has not disclosed any changes in its information disclosure practices during the reporting period[24]. - The company has not distributed profits or increased capital reserves during the reporting period[71]. - The company has not disclosed any new employee stock ownership plans or other incentive measures[71]. Market Position and Strategy - The company operates in the special steel industry, which has seen rapid development and diversification, particularly in defense and aerospace sectors[30]. - The main products include high-temperature alloys and stainless steel, with applications across various industries such as aerospace, energy, and transportation[33]. - The company has developed over 800 specifications of high-temperature alloys and corrosion-resistant alloys, which are primarily used in aerospace, marine, gas turbines, and energy sectors[34]. - The company has produced over 5,400 grades of special steel materials, including high-temperature alloys, ultra-high-strength steel, and special stainless steel, maintaining a leading position in the domestic special steel industry[38]. - The company has a strong market presence in high-end automotive steel, high-speed tool steel, titanium alloys, and bearing steel, continuously expanding its market share[37].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,822,069,624.01, representing a year-on-year increase of 1.03%[6] - The net profit attributable to shareholders was ¥85,411,027.84, a decrease of 50.58% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥64,561,084.94, down 59.84% year-on-year[6] - The basic earnings per share for the period was ¥0.0433, reflecting a decline of 50.58% year-on-year[6] - The company's net profit for the first quarter of 2022 was ¥85,411,027.84, a decrease of 50.6% compared to ¥172,839,756.67 in the same period of 2021[31] - Total profit for the first quarter was ¥87,202,594.51, down from ¥173,983,448.21, reflecting a decrease of 50.1%[28] - The basic earnings per share for the first quarter was ¥0.0433, compared to ¥0.0876 in the same quarter of the previous year, a decline of 50.6%[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,550,413,988.22, an increase of 3.20% from the end of the previous year[9] - The equity attributable to shareholders at the end of the reporting period was ¥5,944,519,263.91, up 1.46% from the end of the previous year[9] - Total liabilities amounted to CNY 4,605,894,724.31, an increase of 5.52% from CNY 4,364,608,307.59 at the end of 2021[25] - Current assets totaled CNY 5,806,808,643.47 as of March 31, 2022, an increase of 2.25% from CNY 5,679,362,284.75 at the end of 2021[20] - Non-current assets reached CNY 4,743,605,344.75, representing a growth of 4.39% from CNY 4,544,230,056.50 at the end of 2021[23] - Total assets increased to CNY 10,550,413,988.22, up 3.20% from CNY 10,223,592,341.25 at the end of 2021[23] - Shareholders' equity totaled CNY 5,944,519,263.91, up from CNY 5,858,984,033.66 at the end of 2021[25] Operating Costs and Expenses - Total operating costs for Q1 2022 amounted to CNY 1,757,508,539.07, up 6.97% from CNY 1,642,669,291.74 in Q1 2021[25] - The company attributed the decline in net profit to rising raw material and energy prices, which led to a decrease in gross profit[10] - Research and development expenses increased significantly to ¥98,078,432.73 from ¥30,210,114.27, representing a growth of 225.5%[28] - The company's operating profit decreased to ¥84,309,506.96 from ¥174,578,429.54, a decline of 51.8%[28] - The company reported a decrease in sales expenses to ¥12,412,298.73 from ¥14,019,861.75, a reduction of 11.5%[28] - The financial expenses decreased slightly to ¥16,261,272.30 from ¥17,726,144.03, a decline of 8.3%[28] Cash Flow and Financing Activities - Cash flow from operating activities generated a net amount of ¥71,587,726.70, a significant improvement from a net outflow of ¥415,876,837.55 in the first quarter of 2021[35] - The net cash flow from investing activities was -$462,097,959.35, a significant decrease compared to -$130,584,007.54 in the previous period[37] - Total cash inflow from financing activities amounted to $145,000,000.00, with a net cash flow of $76,232,602.68, contrasting with a net outflow of -$18,926,842.89 previously[37] - The cash and cash equivalents at the end of the period were $561,723,049.77, down from $878,622,923.09 at the beginning of the period[37] - The cash outflow for debt repayment was $50,000,000.00, marking a new cash outflow compared to $0.00 previously[37] - The company received $145,000,000.00 from borrowings during the financing activities[37] Other Income and Subsidies - The company received government subsidies amounting to ¥6,511,189.6 during the reporting period[10] - Other income increased to ¥6,511,189.60 from ¥1,962,735.32, showing a growth of 231.5%[28] - The total amount of non-recurring gains and losses was ¥20,849,942.90 after tax impacts[10]

Financial Performance - The company achieved a net profit of ¥785,104,694.31 for the year 2021, with an accumulated undistributed profit of ¥1,512,353,699.95 by the end of the year[7]. - The total revenue for 2021 was 7,414,429,093.84 RMB, reflecting an 18.21% increase compared to 2020[26]. - The net profit attributable to shareholders was 783,392,201.12 RMB, representing a 42.02% increase from the previous year[26]. - The company reported a net cash flow from operating activities of 340,168,389.89 RMB, a decrease of 45.10% compared to 2020[26]. - The company's total assets at the end of 2021 were 10,223,592,341.25 RMB, a 10.03% increase from the end of 2020[26]. - The basic earnings per share for 2021 was 0.40 RMB, up 42.86% from 0.28 RMB in 2020[29]. - The weighted average return on equity increased to 14.34%, up 2.83 percentage points from 11.51% in 2020[29]. - The company reported a gross margin of 20.00% for the overall business, a decrease of 1.93 percentage points compared to the previous year[57]. Production and Sales - In 2021, the company achieved a steel production of 691,500 tons, an increase of 7.76% year-on-year[36]. - The company achieved a steel production volume of 691,500 tons, an increase of 7.76% year-on-year, and a steel product output of 550,600 tons, up 9.12% year-on-year[39]. - Special steel production reached 550,631 tons, with sales volume of 539,988 tons, reflecting a production increase of 9.13% year-on-year[60]. - The production of alloy structural steel tools reached 314,830 tons this year, a slight decrease from 319,574 tons last year, with sales of 315,490 tons compared to 313,839 tons last year, generating revenue of 300,378,000 RMB, up from 260,309,000 RMB last year, resulting in a gross margin of 16.73% this year compared to 7.0% last year[87]. - Stainless steel production was 81,945 tons this year, with sales of 64,752 tons, generating revenue of 138,110,000 RMB and a gross margin of 22.09%, compared to last year's gross margin of 23.15%[90]. Research and Development - The company focused on R&D in key areas such as national defense and aerospace, enhancing quality and efficiency[36]. - The company’s R&D expenditure for 2021 amounted to 309 million yuan, with 56 ongoing research projects, including 6 national projects approved[39]. - The company received 13 invention patents and 2 utility model patents in 2021, contributing to its innovation capabilities[39]. - The company has developed over 5,400 grades of special steel materials, showcasing its extensive production experience[48]. - Research and development expenses amounted to ¥308.87 million, representing 4.17% of total revenue[71]. Market and Strategic Focus - The company’s strategic focus on high-end special steel products has led to significant growth opportunities in the market[36]. - The company is actively expanding into new markets, particularly in defense, shipbuilding, automotive stainless steel, and wind power bearing steel[39]. - The company plans to achieve steel production of 680,000 to 740,000 tons and steel product output of 540,000 to 600,000 tons in 2022, with core products "three highs and one special" targeted at 75,000 to 85,000 tons[100]. - The projected revenue for 2022 is between 8 billion to 8.8 billion yuan, with a net profit forecast of 500 million to 800 million yuan[100]. Raw Material Costs and Risks - Raw material costs, primarily nickel, cobalt, and chromium, accounted for approximately 60%-70% of the company's product cost structure, significantly impacting profitability due to price fluctuations[9]. - The company anticipates significant uncertainty in profitability due to the potential for further increases in raw material prices in 2022[9]. - The company faces risks from potential claims by minority shareholders due to past regulatory violations related to information disclosure[101]. - The company recognizes the ongoing economic environment risks, including trade disputes and the impact of the COVID-19 pandemic on production and demand[104]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations[106]. - The company emphasizes the importance of maintaining the rights of all shareholders, particularly minority shareholders, during its operations[106]. - The company has implemented a product specialization system to mitigate competition with its controlling shareholder, Dongbei Special Steel Group[109]. - The company has maintained compliance with the China Securities Regulatory Commission's regulations regarding corporate independence[188]. Environmental Responsibility - The company invested 75.31 million yuan in environmental protection measures, including the replacement of dust collectors and the renovation of waste steel storage areas[164]. - The company has established a complete management system in accordance with ISO 14001 standards to enhance environmental protection and pollution prevention[164]. - The company’s wastewater emissions included 13.6 tons of chemical oxygen demand and 0.73 tons of ammonia nitrogen, both compliant with discharge standards[163]. - The company has established emergency response plans for environmental pollution incidents to ensure safety and compliance with regulations[168]. Social Responsibility - The company conducted four visits to 42 registered impoverished households in 2021 to understand their living conditions and reasons for poverty[176]. - The company participated in various village affairs and implemented precise poverty alleviation measures in accordance with provincial and municipal requirements[176]. - The company emphasizes compliance with national laws and regulations, enhancing tax awareness and fulfilling tax obligations proactively[175]. - The company will continue to deepen its social responsibility concept and integrate it into all aspects of production and management[175].