证券代码：600507 证券简称：方大特钢 公告编号：临2023-046 方大特钢科技股份有限公司 关于参加江西辖区上市公司 2023 年投资者网上集体 接待日活动的公告 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。 为进一步加强与投资者的互动交流，方大特钢科技股份有限公司（以下简称 "公司"）将参加由江西证监局、江西省上市公司协会与深圳市全景网络有限公 司联合举办的"2023 年江西辖区上市公司投资者集体接待日活动"，现将相关 事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参与 本次互动交流，活动时间为 2023 年 5 月 19 日（周五）14:30-17:00。届时公司总 经理常健、财务总监颜军、董事会秘书吴爱萍将在线就公司 2022 年度业绩、公 司治理、发展战略、经营状况、融资计划、股权激励和可持续发展等投资者关心 的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与! 特此公告。 方大 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 4,175,133,578.75, representing a decrease of 20.20% compared to the same period last year[3]. - The net profit attributable to shareholders for Q1 2023 was CNY 107,509,085.57, down 80.14% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 144,741,127.94, a decrease of 73.12% compared to the previous year[3]. - Basic earnings per share for Q1 2023 were CNY 0.050, down 80.00% compared to the same period last year[3]. - The net profit for Q1 2023 was RMB 105.88 million, a decrease from RMB 536.19 million in Q1 2022[29]. - The operating profit for Q1 2023 was RMB 130.21 million, down from RMB 663.50 million in the same period last year[29]. - The company's basic and diluted earnings per share for Q1 2023 were both RMB 0.05, compared to RMB 0.25 in Q1 2022[29]. - The company reported a fair value loss of RMB 71.00 million in Q1 2023, compared to a loss of RMB 3.33 million in Q1 2022[29]. - Total operating revenue for Q1 2023 was ¥4,175,133,578.75, a decrease of 20.2% compared to ¥5,232,187,319.32 in Q1 2022[43]. - Total operating costs for Q1 2023 were ¥4,031,155,717.46, down 12.1% from ¥4,589,516,706.63 in Q1 2022[43]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 512,647,395.31, a decline of 117.06% year-on-year[3]. - In Q1 2023, the cash inflow from operating activities was CNY 4,052,928,432.02, a decrease of 52.4% compared to CNY 8,511,161,361.71 in Q1 2022[30]. - The net cash flow from operating activities was negative at CNY -512,647,395.31, contrasting with a positive CNY 3,005,140,057.98 in the same period last year[30]. - The total cash inflow from investment activities was CNY 301,273,311.58, down from CNY 419,548,003.95 in Q1 2022[30]. - Cash received from tax refunds increased to CNY 15,380,569.49 in Q1 2023, compared to CNY 5,859,105.04 in Q1 2022, reflecting improved tax recovery efforts[30]. - Cash and cash equivalents at the end of Q1 2023 totaled ¥4,400,113,696.01, down from ¥10,359,587,523.23 at the end of Q1 2022[47]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 18,902,168,426.12, an increase of 8.93% from the end of the previous year[5]. - The company's total liabilities increased to RMB 10.04 billion as of March 31, 2023, compared to RMB 8.60 billion at the end of 2022[26]. - The company's total current liabilities rose to RMB 9.43 billion as of March 31, 2023, compared to RMB 7.90 billion at the end of 2022[26]. - The company's long-term borrowings decreased to RMB 514.52 million as of March 31, 2023, from RMB 591.79 million at the end of 2022[26]. - The company's contract liabilities increased to RMB 590.93 million as of March 31, 2023, from RMB 298.17 million at the end of 2022[26]. - The total liabilities of the company increased, with accounts payable reaching CNY 3,744,461,814.69 in Q1 2023, up from CNY 2,884,808,006.45 at the end of 2022[38]. - The company's total assets increased to CNY 18,902,168,426.12 as of March 31, 2023, up from CNY 17,352,939,086.54 at the end of 2022[38]. - Inventory as of March 31, 2023, was CNY 1,662,683,765.91, slightly up from CNY 1,637,792,012.97 at the end of 2022[38]. - Short-term borrowings rose to CNY 1,065,074,013.88 in Q1 2023, compared to CNY 623,331,743.89 at the end of 2022, indicating increased leverage[38]. Strategic Initiatives - The company plans to acquire 100% equity of Liaoning Fangda Group International Trade Co., Ltd. for CNY 795 million, with the transaction approved by the shareholders' meeting[11]. - The company plans to issue convertible bonds totaling up to RMB 3.1 billion for various projects, including energy-saving upgrades and smart factory construction[21]. - The company has maintained a stable long-term equity investment of CNY 4,150,105,287.09 as of March 31, 2023, compared to CNY 4,128,945,684.57 at the end of 2022[38]. Research and Development - Research and development expenses for Q1 2023 were ¥14,379,647.98, an increase from ¥10,624,175.59 in Q1 2022[43]. Financial Expenses - Financial expenses in Q1 2023 showed a net income of -¥27,660,375.98, compared to -¥40,002,295.75 in Q1 2022[43]. - The company reported a decrease in sales expenses to ¥7,500,220.46 from ¥10,029,316.49 in Q1 2022[43].

Financial Performance - The company's operating revenue for 2022 was CNY 23.24 billion, an increase of 7.19% compared to CNY 21.68 billion in 2021[12]. - The net profit attributable to shareholders for 2022 was CNY 926.20 million, a decrease of 66.10% from CNY 2.73 billion in 2021[12]. - The net profit after deducting non-recurring gains and losses was CNY 768.35 million, down 71.04% from CNY 2.65 billion in 2021[12]. - The basic earnings per share for 2022 were CNY 0.43, a decrease of 66.14% from CNY 1.27 in 2021[12]. - The company reported a net profit of -159.93 million RMB in Q4 2022, following a trend of declining profits throughout the year[49]. - The total revenue for the year was 4,250,233.46 million RMB, with a decrease of 0.04% compared to the previous year[106]. - The gross profit margin for hot-rolled steel products was 10.23%, down from 17.85% in the previous year[106]. Cash Flow and Assets - The net cash flow from operating activities increased by 68.89% to CNY 3.64 billion in 2022, compared to CNY 2.15 billion in 2021[12]. - The total assets at the end of 2022 were CNY 17.35 billion, a decrease of 13.70% from CNY 20.11 billion at the end of 2021[12]. - The company's net assets attributable to shareholders decreased by 10.68% to CNY 8.46 billion at the end of 2022, down from CNY 9.47 billion at the end of 2021[12]. - The company reported a significant decrease in cash and cash equivalents, totaling 5,571,437,537.79 RMB, a decline of 45.62% from the previous year[111]. - The company's cash flow from investment activities was 580 million RMB, while cash used for debt repayment was approximately 3.551 billion RMB[92]. - The net cash flow from investing activities was -¥4,180,612,257.54, compared to -¥490,911,104.13 in the previous year[123]. - The net cash flow from financing activities was -¥3,028,983,433.52, a significant decrease from ¥193,033,981.50 in the previous year[123]. Production and Sales - In 2022, the company produced 4.2548 million tons of steel and achieved operating revenue of 23.239 billion RMB, with a net profit attributable to shareholders of 926 million RMB[52]. - The company aims to achieve a steel production and sales target of 4.05 million tons in 2023, with specific targets of 107,600 tons for board springs production and 119,450 tons for sales[170]. - In 2022, the production of pig iron and crude steel in China was 86.383 million tons and 101.3 million tons, respectively, representing a year-on-year decrease of 0.8% and 2.1%[57]. - The company produced 416,332.20 tons of spring flat steel, with a sales volume of 413,150.93 tons, generating revenue of 156,399.48 million RMB and a gross margin of 10.87%[186]. Research and Development - In 2022, the company conducted 44 technology research projects and obtained 17 national patent authorizations[34]. - The total R&D investment for the reporting period was ¥79,012,300.30, accounting for 0.34% of operating revenue[117]. - Research and development personnel accounted for 0.83% of the total workforce, with a total of 59 R&D staff[100]. - The company established a new subsidiary, Nanchang Fangda Special Steel Research Center Co., Ltd., with a registered capital of 32,000,000 RMB[96]. Market Position and Strategy - The company has a high brand recognition and market share in Jiangxi Province, primarily selling rebar and premium wire through agents[39]. - The company has been recognized as a leading enterprise in manufacturing in Nanchang and Jiangxi Province, and was included in the annual cash dividend list of A-share listed companies in China[52]. - The company is actively promoting energy consumption benchmarking and resource recovery, achieving full utilization of low-pressure saturated steam[52]. - The company has established a strong cooperative relationship in the automotive spring steel market, maintaining a high market share[39]. - The company emphasizes a flexible procurement strategy based on production and supply needs, maximizing product profitability[60]. - The company plans to maintain its cost competitiveness through optimized raw material structures and refined management practices[86]. Challenges and Future Outlook - The steel industry faced a significant decline in economic benefits, with profits in the black metal smelting and rolling industry dropping by 91.3% year-on-year[38]. - The company expects to face challenges from global inflation and a sluggish domestic real estate market, which may impact steel demand[178]. - The company anticipates a moderate improvement in steel demand in 2023, despite potential price fluctuations due to international factors[167]. - The company aims to enhance its market risk resilience through continuous implementation of refined management practices[88]. Environmental and Safety Initiatives - The company is committed to digital transformation across production, supply, sales, and finance to enhance management efficiency and risk control[38]. - The company will continue to invest in low-emission transformation projects, including upgrades to sintering machines and environmental dust removal systems, to meet stringent environmental standards[179]. - The company emphasizes safety production and environmental protection, aiming for A-level performance in environmental standards[199]. - The company is focused on achieving ultra-low emissions and improving environmental accident prevention capabilities[199]. Corporate Governance and Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[128]. - The company has not made any significant changes or adjustments to its business, products, or services during the reporting period[116]. - The company plans to distribute no cash dividends or stock dividends for the 2022 fiscal year[138]. - The company’s employee compensation strategy includes a combination of short-term and long-term incentives linked to performance outcomes[85].

证券代码：600507 证券简称：方大特钢 公告编号：临 2023-024 方大特钢科技股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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： 方大特钢科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 18 日发 布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况，公司计划于 2023 年 3 月 31 日下午 16:00-17:00 举行 2022 年 度业绩暨现金分红说明会，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 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 三、参加人员 1 董事会秘书：吴爱萍 财务总监：颜军 独立董事：魏颜 （如有特殊情况，参会人员将可能进行调整。） 四、投资者参加方式 会议召开时间：2023 年 3 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 4,854,140,327.83, a decrease of 20.74% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2022 was CNY 159,270,604.44, down 76.03% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 132,306,340.59, a decline of 80.09% compared to the previous year[4]. - The basic and diluted earnings per share for Q3 2022 were CNY 0.066, representing a decrease of 78.71% year-on-year[10]. - Total operating revenue for the first three quarters of 2022 reached CNY 18,160,630,313, an increase of 13.3% compared to CNY 15,991,493,950.53 in the same period of 2021[25]. - Operating profit for the first three quarters of 2022 was CNY 1,379,189,685.56, a decrease of 52.3% from CNY 2,893,171,872.71 in the previous year[25]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was CNY 1,086,131,299.97, down 49.3% from CNY 2,141,472,322.48 in the same period of 2021[27]. - Basic earnings per share for the first three quarters of 2022 were CNY 0.486, compared to CNY 0.993 in the previous year[27]. - The total comprehensive income for the first three quarters of 2022 was CNY 1,072,809,012.93, a decrease of 50.7% from CNY 2,175,072,429.58 in the same period of 2021[27]. Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 23,262,246,525.93, an increase of 15.69% from the end of the previous year[6]. - The equity attributable to shareholders at the end of Q3 2022 was CNY 7,972,537,232.00, a decrease of 15.79% compared to the end of the previous year[6]. - Total liabilities as of the end of the third quarter of 2022 amounted to CNY 14,980,500,096.57, an increase from CNY 10,302,102,300.35 at the end of the previous year[25]. - The company's long-term equity investments surged to RMB 4.08 billion from RMB 40.43 million, indicating a significant increase[21]. - The company reported a total of RMB 1.21 billion in long-term borrowings as of September 30, 2022, reflecting a new financial strategy[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 2,170,611,440.99, down 36.87% year-on-year[4]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 20,749,284,064.75, compared to CNY 14,848,378,317.37 in the same period of 2021, reflecting a growth of 39.5%[29]. - The net cash flow from operating activities was CNY 2,170,611,440.99, a decrease of 36.9% compared to CNY 3,438,350,017.13 in the previous period[31]. - Total cash outflow from operating activities amounted to CNY 18,578,672,623.76, up 62.8% from CNY 11,410,028,300.24[31]. - The net cash flow from investing activities was -CNY 3,553,870,067.28, compared to -CNY 76,988,030.97 in the previous period[31]. - Cash inflow from financing activities totaled CNY 6,531,522,355.55, an increase of 28.0% from CNY 5,099,825,000.00[31]. - The net cash flow from financing activities was CNY 886,274,983.96, down 46.5% from CNY 1,657,552,199.46[31]. - The ending balance of cash and cash equivalents was CNY 7,396,746,758.82, a decrease from CNY 11,055,185,174.41 in the previous period[31]. Shareholder Information - The company had a total of 118,082 common shareholders at the end of the reporting period[11]. Inventory and Receivables - The company's inventory decreased to RMB 1.41 billion from RMB 1.48 billion, showing a decline of approximately 4.88% year-over-year[19]. - The accounts receivable increased to RMB 381.37 million from RMB 280.82 million, marking a growth of about 35.87%[19]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 31,409,478.20, down from CNY 45,592,502.05 in the previous year[25]. Other Developments - The company established a wholly-owned subsidiary, Nanchang Fangda Special Steel Research Center Co., Ltd., with a registered capital of RMB 320 million on July 1, 2022[15]. - On July 28, 2022, the company signed a land reserve contract with Nanchang Land Reserve Center for a total acquisition price of RMB 184.76 million, with the first payment of RMB 92.38 million already received[15]. - The company also set up another wholly-owned subsidiary, Ningbo Changli International Trade Co., Ltd., with a registered capital of RMB 30 million on August 16, 2022[16].

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 13,306,489,985.17, representing a 34.85% increase compared to RMB 9,867,492,127.12 in the same period last year[16]. - The net profit attributable to shareholders of the listed company decreased by 37.25% to RMB 926,860,695.53 from RMB 1,477,046,269.78 year-on-year[16]. - The net profit after deducting non-recurring gains and losses was RMB 918,848,268.32, down 35.22% from RMB 1,418,362,165.62 in the previous year[16]. - The net cash flow from operating activities was RMB 2,144,060,789.75, a decrease of 6.76% compared to RMB 2,299,572,393.57 in the same period last year[16]. - Basic earnings per share for the first half of 2022 were RMB 0.42, down 39.13% from RMB 0.69 in the same period last year[16]. - The weighted average return on net assets was 9.34%, a decrease of 6.31 percentage points compared to 15.65% in the previous year[16]. - The company's operating costs increased by 56.28% year-on-year, primarily due to rising raw material prices and increased trade activities[31]. - The company achieved operating revenue of 13.306 billion RMB, a year-on-year growth of 34.85%[31]. - The net profit attributable to shareholders was 927 million RMB, a year-on-year decline of 37.25%[29]. - The company reported a net loss of 2,588,303,797.53 CNY during the first half of 2022, significantly impacting the retained earnings[156]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 22,653,682,990.59, an increase of 12.66% from RMB 20,107,525,358.80 at the end of the previous year[16]. - The total liabilities increased to CNY 15,160,338,238.12 from CNY 12,895,274,146.64, reflecting a growth of 17.6%[136]. - The company's equity attributable to shareholders decreased to CNY 7.80 billion from CNY 9.47 billion, a decline of approximately 17.7%[129]. - The total owner's equity at the end of the reporting period is 8,529,329,069.75 CNY, a decrease of 913,887,386.93 CNY compared to the previous period[153]. - The total liabilities and owner's equity at the end of the period is 5,431,490,761.07 CNY, reflecting the company's financial position[156]. Production and Sales - In the first half of 2022, the company produced and sold 2.0911 million tons and 2.0809 million tons of steel products, respectively, representing year-on-year increases of 1.42% and 1.20%[29]. - The company operates in the manufacturing sector, specifically in the black metal smelting and rolling industry, producing products such as rebar, high-quality wire, and spring flat steel[21]. - The company maintains a high market share and brand recognition in Jiangxi Province, particularly for rebar and high-quality wire[21]. - The company has extended its product line to include a full range of automotive leaf springs, catering primarily to the commercial vehicle market[21]. Market Conditions - In the first half of 2022, China's crude steel production was 527 million tons, a year-on-year decrease of 36.45 million tons, or 6.5%[22]. - The steel price index decreased by 7.0% compared to the beginning of the year and dropped by 14.0% from its peak in mid-April 2022[22]. - Steel inventory among key enterprises reached 16.95 million tons, a year-on-year increase of 23.1%[22]. - The profit of the black metal smelting and rolling industry fell by 68.7% in the first half of 2022, with total losses for loss-making enterprises increasing by 442.4%[22]. - The outlook for the second half of 2022 suggests a potential improvement in supply-demand dynamics due to ongoing infrastructure investments[23]. Investments and Subsidiaries - The company transferred 60% equity of Jiangxi Special Automobile Co., Ltd. for a price of 22.92 million yuan[38]. - The company transferred 70% equity of Chenzhou Xinglong Mining Co., Ltd. for a price of 20.63 million yuan, while waiving all debts owed by the company to Chenzhou Xinglong Mining[38]. - The company established Nanchang Huxu Steel Industry Investment Partnership with a total fund size expected to be 10 billion yuan, with the company contributing 4 billion yuan[39]. - The company reported total assets of Jiangxi Fangda Special Steel Automotive Suspension Group Co., Ltd. at 2.26 billion yuan, with a net profit of -5.28 million yuan for the reporting period[42]. - The company reported total assets of Ningbo Fangda Seagull Trading Co., Ltd. at 1.46 billion yuan, with a net profit of 241.03 million yuan for the reporting period[42]. Environmental and Safety Measures - The company is committed to safety and environmental protection, implementing ultra-low emission transformations and improving environmental indicators[28]. - The company maintained stable and compliant emissions for wastewater and waste gas during the reporting period, with all discharge points meeting standards[58]. - The company has a total of 163 environmental protection facilities, including 68 for air treatment and 10 for water treatment, achieving a 100% compliance rate for emissions in the first half of 2022[61]. - The company has established emergency response plans for environmental incidents, ensuring preparedness for potential pollution accidents[63]. - The company has implemented measures to reduce carbon emissions by utilizing waste heat and gas for power generation, with a total installed capacity of 116 MW[67]. Corporate Governance and Shareholder Information - The company appointed Wu Aiping as the secretary of the board and Tang Chun as the deputy general manager, while Zhang Baidan and Dai Xinmin resigned from their positions[51]. - The company did not distribute profits or increase capital reserves in the first half of 2022, with no dividends or bonus shares issued[52]. - The total number of shares held by directors and senior management increased significantly due to stock incentive grants, with notable increases for several key executives[114]. - The total number of common shareholders as of the end of the reporting period is 117,548[106]. - The top ten shareholders collectively hold 38.71% of the company's shares, a decrease from 43.72%[110]. Related Party Transactions - The company expects to have related party transactions amounting to approximately 2,845.36 million RMB for the year 2022[77]. - The company anticipates additional related party transactions of 11 million RMB with its subsidiary Gansu Fangda Yourta Animal Husbandry Development Co., Ltd.[77]. - The company projects an additional related party transaction amounting to 250 million RMB with Beijing Fangda Carbon Technology Co., Ltd.[77]. - The total sales amount from related party transactions reached CNY 2,525,412.33 thousand[81]. - The company has established various asset management agreements with its controlling shareholder, Fangda Steel[86]. Financial Instruments and Accounting Policies - The company's financial statements are prepared based on the going concern principle, in accordance with the accounting standards set by the Ministry of Finance of the People's Republic of China[165]. - The company applies specific accounting treatments for mergers under common control and non-common control, ensuring fair value measurement for acquired assets and liabilities[174]. - The company recognizes investment income from the difference between the fair value and book value of equity held prior to the acquisition date when acquiring subsidiaries not under common control[178]. - The company assesses credit risk based on the nature of financial instruments, determining significant increases in credit risk if overdue by more than 30 days[192]. - The company uses historical credit loss experience to adjust the expected credit loss calculations based on current and future economic conditions[190].

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,232,187,319.32, representing a year-on-year increase of 29.46%[5] - The net profit attributable to shareholders was ¥541,288,667.53, showing a slight decrease of 2.08% compared to the same period last year[5] - Basic earnings per share were ¥0.25, down by 3.85% compared to the previous year[5] - The weighted average return on equity was 5.56%, a decrease of 0.34 percentage points from the previous year[5] - Net profit for Q1 2022 was ¥536,188,908.44, slightly down from ¥554,513,579.58 in Q1 2021, representing a decrease of 3.3%[27] - Earnings per share for Q1 2022 were ¥0.25, unchanged from ¥0.26 in Q1 2021[27] - The total comprehensive income attributable to shareholders of the parent company for Q1 2022 was ¥541,288,667.53, compared to ¥552,809,280.37 in Q1 2021, a decrease of 2.1%[27] Cash Flow - The net cash flow from operating activities reached ¥3,005,140,057.98, a significant improvement from a negative cash flow of ¥128,391,927.93 in the same period last year[5][10] - In Q1 2022, the cash inflow from operating activities was approximately CNY 8.51 billion, a significant increase from CNY 3.13 billion in Q1 2021, representing a growth of 171.5%[30] - The net cash flow from operating activities reached CNY 3.01 billion, compared to a negative cash flow of CNY 128.39 million in the same period last year[30] - Cash inflow from financing activities amounted to CNY 3.89 billion, a significant rise from CNY 740 million in Q1 2021, showing strong financing efforts[32] - The net cash flow from financing activities was CNY 3.25 billion, up from CNY 589.71 million in the same quarter last year, indicating improved capital raising[32] - The ending balance of cash and cash equivalents was CNY 10.36 billion, compared to CNY 6.47 billion at the end of Q1 2021, marking a year-over-year increase of 60.5%[32] - The company reported a cash inflow from sales of goods and services of approximately CNY 8.00 billion, significantly higher than CNY 3.00 billion in the previous year[30] - The total cash outflow for operating activities was CNY 5.51 billion, compared to CNY 3.26 billion in Q1 2021, reflecting increased operational costs[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥25,113,904,629.40, reflecting a 24.90% increase from the previous year[7] - The equity attributable to shareholders increased to ¥10,003,126,812.54, marking a growth of 5.66% year-on-year[7] - Total liabilities increased to ¥14,793,624,057.15 in Q1 2022 from ¥10,302,102,300.35 in Q1 2021, marking a growth of 43.4%[23] - Total equity rose to ¥10,320,280,572.25 in Q1 2022, up from ¥9,805,423,058.45 in Q1 2021, indicating an increase of 5.2%[23] - The company's cash and cash equivalents amounted to CNY 12,951,152,730.83, up from CNY 10,246,182,059.84, indicating a growth of about 26.4% year-over-year[17] - The company reported accounts receivable of CNY 454,722,160.30, which is a significant increase from CNY 280,822,469.90, marking a growth of about 62%[19] - The total current liabilities of the company was CNY 7,540,757,605.14, which is an increase from CNY 3,538,615,505.23, reflecting a growth of approximately 113%[19] Investments and Expenses - The company plans to establish a new investment partnership with a total fund size of CNY 10 billion, with the company contributing CNY 4 billion[15] - The company approved a stock incentive plan granting 17,637,000 restricted shares at a price of CNY 4.29 per share[15] - The company transferred 60% equity in Jiangxi Special Automobile Co., Ltd. for CNY 22.92 million and 70% equity in Chenzhou Xinglong Mining Co., Ltd. for CNY 20.63 million[15] - Operating costs for Q1 2022 were ¥4,589,516,706.63, compared to ¥4,423,349,195.04 in Q1 2021, reflecting a rise of 3.8%[25] - The company reported a decrease in sales expenses to ¥10,029,316.49 in Q1 2022 from ¥32,184,790.36 in Q1 2021, a reduction of 68.9%[25] - Research and development expenses decreased to ¥10,624,175.59 in Q1 2022 from ¥12,803,777.76 in Q1 2021, a decline of 17.0%[25] Inventory and Accounts Payable - Inventory levels increased to CNY 1,699,193,873.81 from CNY 1,479,890,214.68, reflecting a rise of approximately 14.8%[19] - The accounts payable increased to CNY 1,632,895,522.73 from CNY 1,961,501,094.90, indicating a decrease of about 16.7%[19] - The company experienced a foreign exchange loss of CNY 373,330.24, which slightly impacted the overall cash position[32]

Financial Performance - The company achieved operating revenue of CNY 21.68 billion in 2021, a year-on-year increase of 30.59% compared to CNY 16.60 billion in 2020[13]. - Net profit attributable to shareholders reached CNY 2.73 billion, reflecting a 27.65% increase from CNY 2.14 billion in the previous year[13]. - The net profit after deducting non-recurring gains and losses was CNY 2.65 billion, up 29.15% from CNY 2.05 billion in 2020[13]. - The company's total assets increased by 46.61% to CNY 20.11 billion at the end of 2021, compared to CNY 13.72 billion at the end of 2020[13]. - The weighted average return on net assets was 29.44%, an increase of 0.65 percentage points from 28.79% in 2020[13]. - The basic earnings per share for 2021 was CNY 1.27, up from CNY 0.99 in 2020, marking a 28.28% increase[13]. - The company reported a quarterly revenue of CNY 6.12 billion in Q3 2021, with a net profit of CNY 664.43 million for the same period[15]. - The company reported a significant increase in revenue, achieving a total of 49.62 billion RMB for the year 2021[88]. - The net profit for the year reached CNY 2,759,501,000.67, an increase from CNY 2,158,195,396.94 in the previous year, representing a growth of approximately 27.8%[200]. Dividend and Shareholder Returns - The proposed cash dividend for 2021 is CNY 11.10 per 10 shares, totaling CNY 2,393,104,747.53 (including tax) based on a total share capital of 2,155,950,223 shares[3]. - The cash dividend payout ratio for the year is 87.60%, indicating a strong return to shareholders[3]. - The company has not proposed any stock dividends or capital reserve transfers for the year[3]. - The company has established a clear and fair cash dividend policy, ensuring the protection of minority shareholders' rights[114]. Operational Efficiency and Cost Management - Operating revenue increased by 30.59% compared to the previous year, primarily due to the rise in product sales prices[35]. - Operating costs rose by 35.18% year-on-year, mainly due to increased raw material procurement prices[35]. - The company focused on cost-effectiveness through benchmarking and continuous improvement initiatives, leading to better operational performance[20]. - The company aims to enhance its supply chain management to reduce costs by 5% in the upcoming fiscal year[91]. - The gross profit margin improved to 18%, up from 16% in the previous year, indicating better cost management and pricing strategies[95]. Research and Development - Research and development expenses increased by 47.10% compared to the previous year, reflecting the company's commitment to enhancing R&D projects[35]. - The total number of R&D personnel was 66, representing 0.88% of the total workforce[47]. - The company is actively engaging in research and development to enhance its product offerings and technological capabilities[75]. - New product development initiatives are underway, focusing on innovative steel products aimed at expanding market share[90]. - The company plans to invest in new technologies to improve operational efficiency, with an estimated budget of 1 billion RMB over the next two years[91]. Environmental and Safety Practices - The company emphasized safety and environmental protection, implementing strict safety management practices and enhancing safety training[17]. - The company achieved zero environmental pollution incidents and zero administrative penalties in 2021[19]. - The company maintained a 100% compliance rate for environmental protection facilities, with all emissions meeting standards during the reporting period[121]. - The company has 163 environmental protection facilities, including 68 for air treatment and 10 for water treatment, all operating effectively[121]. - The company implemented measures to reduce carbon emissions, including the successful grid connection of the No. 1 gas turbine generator on May 7, 2021[127]. Market and Industry Outlook - The company anticipates that infrastructure investment will rebound in 2022, with over 1 trillion RMB of local government special bonds expected to be implemented[64]. - The company expects that the focus on green and low-carbon development will become a key point for the steel industry, aligning with national goals for carbon neutrality[64]. - The global steel demand is projected to grow by 2.2% in 2022, reaching 1.896 billion tons, while China's steel export price advantage is expected to weaken[67]. - The company aims to produce and sell 4.05 million tons of steel in 2022, with specific targets of 188,000 tons for spring plates and 193,000 tons for sales[70]. Corporate Governance and Compliance - The company adheres to strict corporate governance practices, ensuring compliance with relevant laws and regulations to protect shareholder rights[78]. - The internal control audit report issued by Zhongzheng Hua Certified Public Accountants confirmed effective financial reporting internal controls as of December 31, 2021[118]. - The company has not faced any penalties from securities regulatory authorities in the past three years[102]. - The company has maintained a consistent attendance record for its directors at board meetings, with no instances of consecutive absences[103]. Related Party Transactions - The total amount of related party transactions for the year reached CNY 6,583,751.27, indicating significant inter-company sales activities[142]. - The company engaged in various transactions with related parties, including purchasing goods valued at CNY 1,346,613.24 from Gansu Fangda Tongte New Materials Co., Ltd.[139]. - The company utilized market price or negotiated price as the pricing principle for all related transactions, ensuring competitive pricing[139]. - The company has confirmed that all external guarantees have been executed in compliance with relevant laws and regulations, with no overdue guarantee issues[152]. Employee and Management Practices - The company has a comprehensive training strategy aimed at enhancing employee skills and overall quality[111]. - The company has implemented a salary system that combines short-term and long-term incentives for middle and senior management, focusing on performance and contribution[110]. - The total remuneration paid to directors, supervisors, and senior management was CNY 6,370.75 million[102]. - The management team emphasized the importance of sustainability in future operations, aiming for a 20% reduction in carbon emissions by 2025[90].

Financial Performance - The company's operating revenue for Q3 2021 was ¥6,124,001,823.41, representing a year-on-year increase of 36.12%[2] - The net profit attributable to shareholders for Q3 2021 was ¥664,426,052.70, showing a slight decrease of 1.68% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥2,082,815,245.86, reflecting a significant increase of 45.93%[7] - Total operating revenue for the first three quarters of 2021 reached CNY 15,991,493,950.53, an increase of 35.9% compared to CNY 11,856,207,417.89 in the same period of 2020[15] - Operating profit for the first three quarters of 2021 was CNY 2,893,171,872.71, up from CNY 2,195,304,623.37 in the previous year, reflecting a growth of 31.7%[17] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was CNY 2,141,472,322.48, compared to CNY 1,497,077,206.28 in 2020, marking an increase of 43.2%[19] - Total comprehensive income for the first three quarters of 2021 was CNY 2,175,072,429.58, compared to CNY 1,519,529,605.30 in the previous year, reflecting a growth of 43.2%[19] Assets and Liabilities - Total assets at the end of the reporting period reached ¥20,702,885,172.25, marking a year-on-year increase of 50.95%[4] - As of September 30, 2021, the total assets of Fangda Special Steel Technology Co., Ltd. reached RMB 20.70 billion, a significant increase from RMB 13.72 billion as of December 31, 2020, representing a growth of approximately 51.5%[11] - Current liabilities totaled RMB 11.40 billion, up from RMB 4.19 billion, which is an increase of approximately 172%[14] - Total liabilities amounted to CNY 11,493,051,208.81, significantly higher than CNY 4,272,192,968.92 in the same period last year[15] - Total liabilities were CNY 4,187,351,745.13, remaining stable compared to the previous year[26] - Total liabilities amounted to CNY 4,272,192,968.92, a decrease of CNY 12,369,300.12 from the previous period[27] Cash Flow - The company reported a net cash flow from operating activities of ¥3,438,350,017.13 for the year-to-date, which is a decrease of 2.27% compared to the previous year[2] - Cash inflow from operating activities totaled CNY 14,848,378,317.37, an increase from CNY 11,680,568,088.96 in the previous year, representing a growth of 27.5%[19] - The net cash flow from operating activities was CNY 3,438,350,017.13, a decrease of 2.3% compared to CNY 3,518,256,920.18 in the previous year[22] - The company reported a net increase in cash and cash equivalents of CNY 5,017,870,413.25, compared to CNY 2,250,094,676.80 in the same period last year, marking a 122.3% increase[22] - The cash outflow for operating activities totaled CNY 11,410,028,300.24, compared to CNY 8,162,311,168.78 in the previous year, reflecting a 39.5% increase[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 84,491[7] - The top ten shareholders held a combined 70.09% of the company's shares, with the largest shareholder owning 19.16%[7] Research and Development - Research and development expenses for the first three quarters of 2021 were CNY 45,592,502.05, compared to CNY 36,712,873.70 in 2020, indicating an increase of 24.1%[17] Future Outlook - The company is actively engaged in new product development and market expansion strategies, although specific details were not disclosed in the report[12] - The company plans to continue leveraging its strong cash position for future investments and potential acquisitions to enhance market presence[12] - The overall financial health of the company appears robust, with a strong liquidity position and significant asset growth, positioning it well for future opportunities[12]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 9.87 billion, representing a 34.12% increase compared to RMB 7.36 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached approximately RMB 1.48 billion, an increase of 79.84% from RMB 821 million in the previous year[18]. - The net profit after deducting non-recurring gains and losses was approximately RMB 1.42 billion, up 83.17% from RMB 774 million in the same period last year[18]. - Basic earnings per share for the first half of 2021 were RMB 0.69, an increase of 81.58% compared to RMB 0.38 in the same period last year[19]. - The weighted average return on equity increased to 15.65%, up 4 percentage points from 11.65% in the previous year[19]. - The company reported a total comprehensive income of ¥1,496,034,731.49 for the first half of 2021, compared to ¥824,094,242.62 in the same period of 2020[128]. - The company reported a comprehensive income total of 922,631,643.66 for the current period[162]. Cash Flow and Assets - The net cash flow from operating activities was approximately RMB 2.30 billion, showing a slight increase of 3.52% compared to RMB 2.22 billion in the previous year[18]. - Total assets at the end of the period reached ¥19.80 billion, with cash and cash equivalents accounting for 61.90%[48]. - Cash and cash equivalents reached CNY 12.26 billion, up from CNY 6.48 billion, indicating a significant increase of 89.5% year-over-year[115]. - The total liabilities reached ¥11.27 billion, up from ¥4.27 billion, marking an increase of approximately 64.5%[118]. - The company reported a significant increase in inventory, which rose to ¥1.17 billion from ¥812.78 million, a growth of about 43.5%[122]. Market and Industry Context - The company operates in the "Manufacturing - Black Metal Smelting and Rolling Processing Industry," focusing on the processing of metallurgical raw materials and the production of black metal smelting products, including rebar and spring flat steel[25]. - The outlook for the steel market indicates a potential slowdown in demand growth in the second half of 2021 due to earlier consumption and increasing production constraints[31]. - The apparent consumption of crude steel in China from January to June 2021 was 537 million tons, a year-on-year increase of 10.3%[26]. Research and Development - The company successfully developed a new 2000MPa spring steel, completing road tests for a domestic bus brand and achieving small batch supply[37]. - The company’s R&D expenses increased by 34.31% to CNY 29.24 million, reflecting a commitment to innovation[44]. Environmental and Social Responsibility - The company has established 5 rural revitalization projects in Gansu Dongxiang, investing a total of 56.83 million yuan, creating employment for over 1,560 local residents[76]. - As of June 30, 2021, the company has 164 environmental protection facilities, including 68 air treatment facilities and 11 water treatment facilities, with an operational synchronization rate of 100%[71]. - The company has maintained a 100% compliance rate for wastewater and air emissions during the reporting period[70]. Corporate Governance and Compliance - The company has made changes in senior management, including the appointment of new assistant general managers[62]. - The company reported a commitment to avoid substantial competition with its controlling shareholders, ensuring compliance with regulations and equal shareholder rights since February 24, 2010[82]. - The company has not disclosed any stock incentive plans or employee shareholding plans[65]. Related Party Transactions - The estimated daily related transactions with affiliated parties for the year are projected to be CNY 138.84 million[85]. - The company has established agreements with various related parties, including sales agreements at market prices, ensuring compliance with market standards[90]. - The total sales from related parties amounted to approximately CNY 3,375,627.90, indicating significant business activity within the company's network[90]. Future Outlook and Strategy - The company plans to adapt to market changes by adjusting production and procurement strategies to maximize product profitability[44]. - The company aims to enhance its operational efficiency through strategic mergers and acquisitions in the upcoming quarters[154]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[154].