证券代码：600581 证券简称：八一钢铁 公告编号：临 2023-023 新疆八一钢铁股份有限公司 关于参加新疆辖区上市公司 2023 年投资者 网上集体接待日活动的公告 为进一步加强与投资者的互动交流，新疆八一钢铁股份有限公司（以下简称 "公司"）将参加由新疆证监局、新疆上市公司协会与深圳市全景网络有限公司 联合举办的"2023 年新疆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 （http://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 6 月 16 日（周五）15:30-18:00。届时公司高 管将在线就公司 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 大投资者积极参与。 出席本次集体接待日的人员有：公司总经理刘文壮先生、董事会秘书兼总会 计师樊国康先生。 特此公告。 新疆八一钢铁股份有限公司董事会 2023 年 6 月 9 日 ...

证券代码：600581 证券简称：八一钢铁 公告编号：临 2023-022 新疆八一钢铁股份有限公司 一、说明会类型 本次业绩说明会以网络文字互动形式召开，公司将针对 2022 年度及 2023 年一季度 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、方式 (一)会议召开时间：2023 年 6 月 9 日（星期五）下午 15:30-17:00 关于召开 2022 年度暨 2023 年第一季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个别及连带责任。 重要内容提示： (二）会议召开地点：全景网"投资者关系互动平台"（http://ir.p5w.net/） 投资者可于 2023 年 6 月 8 日（星期四）18：00 前访问 https://ir.p5w.net/zj/ 进入问题征集专题页面，或通过公司邮箱 longyx@bygt.com.cn 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。 新疆八一钢铁股份 ...

证券代码：600581 证券简称：八一钢铁 公告编号：临2023-021 新疆八一钢铁股份有限公司 关于参加"中国宝武下属上市公司投资者统一见面会" 投资者交流活动情况的公告 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、准确性和完整性依法承担法律责任。 新疆八一钢铁股份有限公司（以下简称"公司"）于2023年5月25日参加了 "中国宝武下属上市公司投资者统一见面会"投资者交流活动。本次活动旨在加 强公司与机构投资者的沟通交流，增进机构投资者对上市公司及行业的了解，增 进上市公司市场认同和价值实现，提高上市公司质量。活动相关情况公告如下： 一、活动基本情况 1. 时间：5月25日（周四）下午13:00-18:00 2. 地点：上海市浦东新区世博大道1859号宝武大厦301、302会议室 3. 参会人员： 董事长：吴彬 董事会秘书、总会计师：樊国康 4. 调研机构名称（排名不分先后）： 太平资产管理有限公司、中信建投证券股份有限公司、中信证券股份有限公司、光大 证券股份有限公司等。 二、交流主要内容 （一）投资者调研了解中国宝武钢铁集团有限公司（以下简称" ...

2023 年第一季度报告 证券代码：600581 证券简称：八一钢铁 新疆八一钢铁股份有限公司 2023 年第一季度报告 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。 第一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 单位：元 币种：人民币 1 / 18 2023 年第一季度报告 | 项目 | 本报告期 | 上年同期 | | 本报告期比上年同 期增减变动幅度 | | --- | --- | --- | --- | --- | | | | | | (%) | | | | 调整前 | 调整后 | 调整后 | | 营业收入 | 4,008,911,509.48 | 5,096,064,603.43 | 5,096,064,6 ...

Financial Performance - The company's operating revenue for 2022 was CNY 23,044,316,157.76, a decrease of 25.37% compared to CNY 30,879,274,018.20 in 2021[22]. - The net profit attributable to shareholders for 2022 was a loss of CNY 1,367,062,768.07, a decline of 215.73% from a profit of CNY 1,181,201,785.93 in 2021[23]. - The revenue from core business operations, after excluding non-core income, was CNY 22,155,590,448.96, down 24.18% from CNY 29,220,391,922.47 in 2021[23]. - Total revenue for 2022 was 23.04 billion yuan, a decline of 25.37% year-on-year[32]. - The company reported a basic and diluted earnings per share of -0.885 yuan, a decrease of 214.79% compared to 2021[24]. - The weighted average return on equity was -38.05%, down 58.25 percentage points from the previous year[24]. - The net loss attributable to shareholders was 1.406 billion yuan, a decrease of 215.13% year-on-year[32]. - The company achieved a cash flow from operating activities of -446.98 million yuan in 2022[27]. - The company reported a cumulative loss of CNY 1,537,393,503.54 for the year 2022, with an ending undistributed profit of CNY -1,578,772,724.69, leading to no profit distribution or capital reserve transfer for the year[108]. Operational Highlights - The company produced 4.89 million tons of iron and 5.30 million tons of steel in 2022, representing a decrease of 107,000 tons and 113,000 tons respectively compared to 2021[32]. - The company achieved a 30% reduction in solid fuel consumption and a 21% carbon emission reduction through the industrial application of the HyCROF technology[36]. - The company developed 25 new products during the reporting period, with a total sales volume of 290,000 tons and a new product sales rate of 5.5%[36]. - The company has an annual steel production capacity of 8 million tons and operates a complete steel industry chain[34]. - The company produced 171.59 million tons of construction materials, a decrease of 23.86% year-over-year, while sales volume decreased by 25.29%[45]. Cash Flow and Assets - The net cash flow from operating activities increased by 198.03% to CNY 654,425,228.71 in 2022, compared to CNY 219,586,807.91 in 2021[23]. - The total assets at the end of 2022 were CNY 29,695,266,816.57, a decrease of 4.73% from CNY 31,171,017,892.76 at the end of 2021[23]. - The net assets attributable to shareholders decreased by 31.57% to CNY 2,920,629,148.43 at the end of 2022, down from CNY 4,268,232,200.71 at the end of 2021[23]. - The cash and cash equivalents increased by 51.41% to ¥1,826,388,502.77 compared to the previous period[57]. - The inventory decreased by 24.12% to ¥3,389,478,254.78 from ¥4,467,020,256.46 in the previous period[57]. Strategic Initiatives - The company is focusing on green manufacturing and has achieved a carbon reduction target of 21% through innovative technologies[32]. - The company plans to enhance its digital transformation and smart manufacturing capabilities to drive efficiency and competitiveness[32]. - The company aims to extend its product industry chain and deepen market development to maximize product profitability[32]. - The company plans to complete ultra-low emission transformation projects in 2023, aligning with regional environmental regulations[65]. - The company is committed to a "regional + boutique + leading + green" development strategy to enhance manufacturing capabilities and product competitiveness[72]. Governance and Management - The company completed the election of the eighth board of directors and supervisory board in November 2022, with 9 directors, including 3 independent directors, accounting for 33%[75]. - The company has maintained complete operational independence from its controlling shareholder, ensuring independent business and financial operations[76]. - The company has engaged in various strategic partnerships and collaborations to enhance its market position[86]. - The company has established specialized committees under the board, including audit and remuneration committees, to enhance governance[96]. - The company has a structured salary distribution system in place, with year-end bonuses based on performance metrics[88]. Environmental Compliance - The company invested 106 million yuan in environmental protection during the reporting period[119]. - The actual emissions of particulate matter were 835.466 tons, sulfur dioxide 1,291.475 tons, and nitrogen oxides 3,942.64 tons, with wastewater from the metal products subsidiary achieving zero discharge[120]. - The company has implemented a wastewater treatment system that allows for the complete reuse of treated water in production processes, achieving zero discharge for ammonia nitrogen[124]. - The company has established a comprehensive governance plan for air pollution control, aligning with national and regional environmental policies[124]. - The company completed 18 environmental protection projects in 2022, including upgrades to sintering machine emissions and dust removal systems[126]. Related Party Transactions - The company reported a total of 837.2 million yuan in related party transactions during the reporting period[160]. - The expected daily related party transactions for 2022 were estimated at 25.24 billion yuan, including 7.5 billion yuan for financial services[161]. - The company emphasized fair pricing in related transactions, adhering to market prices or local standards where applicable, ensuring no harm to shareholder interests[164]. - The company’s related transactions were conducted under principles of fairness and transparency, with strict adherence to disclosure obligations[164]. - The company will ensure that Ba Yi Steel operates independently and can make its own financial decisions without interference[146]. Future Outlook - The company anticipates that the steel industry will face a decline in overall domestic demand, influenced by high supply capacity and insufficient downstream demand[6]. - The company aims to apply for a comprehensive credit line of 24.22 billion yuan from financial institutions in 2023[72]. - For 2023, the company plans to produce 5.38 million tons of iron, 6.05 million tons of steel, and 5.78 million tons of materials, with an expected operating income of 27 billion yuan[72]. - The company plans to conduct key fixed asset investment projects in 2022, reflecting a strategic focus on capital allocation[91]. - The company has committed to resolving potential industry competition issues following the acquisition of Ba Yi Steel, ensuring no harm to the interests of minority shareholders[152].

2022 年第三季度报告 证券代码：600581 证券简称：八一钢铁 新疆八一钢铁股份有限公司 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 1 / 17 2022 年第三季度报告 一、 主要财务数据 (一)主要会计数据和财务指标 2 / 17 单位：元 币种：人民币 项目 本报告期 上年同期 本报告期比 上年同期增 减变动幅度 (%) 年初至报告期 末 上年同期 年初至报告期末 比上年同期增减 变动幅度(%) 调整前 调整后 调整后 调整前 调整后 调整后 营业收入 6,617,369,043.98 9,154,413,415.37 10,155,139,933.73 -34.84 19, ...

2022 年半年度报告 公司代码：600581 公司简称：八一钢铁 新疆八一钢铁股份有限公司 2022 年半年度报告 1 / 133 2022 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，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。 二、 公司全体董事出席董事会会议。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的经营计划和发展战略等陈述不构成公司对投资者的实质承诺，敬请投资者注意 投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 今年以来，受国际形势复杂严峻、国内疫情多点散发、产业链供应链运行不畅等因素影响，钢材 市场呈现"供给减量、需求偏弱、库存上升、价格下跌、成本上涨、收入减少、利润下滑"的运 行态势，公司面临新一轮钢铁行业下行周期。公司将上下 ...

Financial Performance - In Q1 2022, the company reported a net profit of -334.2 million RMB, a decrease of 284.31% year-on-year[6]. - The company's operating revenue for Q1 2022 was 5.1 billion RMB, a decline of 16% year-on-year[6]. - The basic earnings per share for Q1 2022 was -0.219 RMB, a decrease of 288% year-on-year[6]. - Total revenue for Q1 2022 was CNY 5,096,064,603.43, a decrease of 15.9% compared to CNY 6,066,514,605.84 in Q1 2021[18]. - Operating profit for Q1 2022 was CNY -287,540,169.40, compared to a profit of CNY 234,959,281.67 in Q1 2021, indicating a significant decline[19]. - Net profit for Q1 2022 was CNY -334,092,463.69, contrasting with a net profit of CNY 190,241,380.44 in Q1 2021[19]. - The net profit margin for Q1 2022 was impacted by increased operational costs, leading to a net loss of CNY 466.33 million, compared to a loss of CNY 41.38 million in the previous year[27]. Production and Operations - Steel production in January and February was 565,000 tons, down 38,200 tons compared to the same period last year[4]. - The company experienced a significant increase in long-term deferred expenses by 84.82% due to mining operations[7]. - The company is focusing on cost control measures to improve profitability in the upcoming quarters[19]. - The company plans to focus on expanding its market presence and enhancing operational efficiency in the upcoming quarters to improve financial performance[24]. Assets and Liabilities - Total assets at the end of Q1 2022 were 31.74 billion RMB, an increase of 1.82% from the end of the previous year[6]. - The company's equity attributable to shareholders decreased by 7.69% to 3.94 billion RMB compared to the end of the previous year[6]. - Total assets as of Q1 2022 amounted to CNY 31,737,317,516.25, an increase from CNY 31,171,017,892.76 in the previous year[15]. - Total liabilities for Q1 2022 were CNY 27,669,504,121.68, up from CNY 26,776,176,088.71 in Q1 2021[15]. - The company's total liabilities as of March 31, 2022, were CNY 24.08 billion, up from CNY 22.95 billion at the end of 2021, indicating an increase of approximately 4.93%[27]. Cash Flow and Liquidity - The company's cash and cash equivalents as of March 31, 2022, amount to approximately RMB 1.26 billion, an increase from RMB 1.21 billion at the end of 2021[13]. - The cash and cash equivalents at the end of Q1 2022 were CNY 1.09 billion, compared to CNY 1.45 billion at the end of Q1 2021, reflecting a decrease of about 24.7%[24]. - The net cash flow from operating activities for Q1 2022 was negative CNY 446.98 million, an improvement compared to negative CNY 752.47 million in Q1 2021, indicating a reduction in cash outflow by approximately 40.5%[24]. - The total cash outflow from investing activities in Q1 2022 was CNY 20.79 million, significantly lower than CNY 94.13 million in Q1 2021, showing a decrease of about 77.9%[24]. - The net cash flow from financing activities in Q1 2022 was CNY 482.76 million, a turnaround from negative CNY 96.49 million in Q1 2021, reflecting a positive change of approximately 600%[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 81,906[10]. - The largest shareholder, Baosteel Group Xinjiang Bayi Iron & Steel Co., Ltd., holds 766,789,264 shares, accounting for 50.02% of total shares[10]. - The company has not disclosed any related party relationships among the top ten shareholders[11]. - The company has not participated in margin financing and securities lending activities[11]. Research and Development - Research and development expenses decreased by 76.48% in Q1 2022 compared to the previous year[7]. - Research and development expenses for Q1 2022 were CNY 23,634,894.42, significantly lower than CNY 100,498,550.77 in Q1 2021, indicating a reduction in innovation spending[19]. - Research and development expenses in Q1 2022 were approximately ¥24 million, a decrease of 76.6% from ¥100 million in Q1 2021[29]. Incentives and Talent Management - The company plans to implement a restricted stock incentive plan to attract and retain talent, approved by the State-owned Assets Supervision and Administration Commission[12]. - The company is focused on long-term development and aligning interests among shareholders, management, and key personnel[12].

Financial Performance - In 2021, the company achieved a revenue of ¥30,879,274,018.20, representing a 33.62% increase compared to ¥23,109,679,904.54 in 2020[24]. - The net profit attributable to shareholders was ¥1,181,201,785.93, a significant increase of 257.67% from ¥330,248,424.56 in the previous year[24]. - The basic earnings per share rose to ¥0.771, up 258.60% from ¥0.215 in 2020[25]. - The company reported a net profit for 2021 of 1.221 billion RMB, a significant year-on-year growth of 252.81%[33]. - The company achieved a total revenue of 30.8 billion RMB, representing a year-on-year increase of 33.62%[33]. - The company reported a significant increase in financing activities, with net cash flow from financing activities amounting to approximately CNY 468 million, compared to CNY 10.63 million in the previous year[41]. - The company reported a net loss of CNY 41,379,221.15 for 2021, compared to a larger loss of CNY 1,185,843,695.44 in 2020, showing an improvement in financial performance[199]. Assets and Liabilities - The company's total assets increased by 4.24% to ¥31,171,017,892.76 at the end of 2021, compared to ¥29,901,954,987.24 at the end of 2020[24]. - The company's total assets grew to CNY 27,296,060,747.16, up from CNY 22,444,779,052.59, representing a growth of 21.5%[199]. - Total liabilities increased to ¥26.78 billion in 2021 from ¥24.55 billion in 2020, reflecting a growth of around 9.1%[195]. - The company's equity attributable to shareholders decreased to ¥4.27 billion in 2021 from ¥5.25 billion in 2020, a drop of about 18.7%[195]. - Current assets decreased to ¥9.35 billion in 2021 from ¥9.89 billion in 2020, a decline of about 5.4%[194]. - Long-term borrowings decreased significantly to ¥210.82 million in 2021 from ¥870.38 million in 2020, a decline of approximately 75.8%[194]. Cash Flow - The company reported a net cash flow from operating activities of ¥219,586,807.91, a decrease of 90.24% compared to ¥2,249,110,183.28 in 2020[24]. - The company reported a decrease in cash flow from operating activities, with a net cash flow of approximately CNY 219.59 million, down 90.24% from CNY 2.25 billion in the previous year[41]. - Cash and cash equivalents decreased by 52.05% to ¥1,206,262,954.13 from ¥2,515,566,674.64[56]. Production and Operations - The company produced 5.96 million tons of pig iron, 6.42 million tons of steel, and 6.21 million tons of finished products, with respective increases of 5,000 tons, 17,000 tons, and 24,000 tons compared to the previous year[33]. - The company plans to produce 5.9 million tons of iron, 6.25 million tons of steel, and 6 million tons of materials in 2022, with a revenue target of RMB 31.7 billion[73]. - The company completed fixed asset investments of RMB 590 million in 2021, focusing on key projects such as low-carbon metallurgy engineering[68]. Research and Development - Research and development expenses surged by 95.21% to approximately CNY 423.54 million, up from CNY 216.97 million in the previous year, indicating a strong focus on innovation[41]. - The company’s total research and development expenditure was ¥423,542,981.36, which represents 1.4% of total revenue[54]. - The company is focusing on low-carbon green metallurgy projects to enhance its competitive advantage[34]. Environmental Initiatives - The company is committed to enhancing its green manufacturing capabilities and aims for zero emissions in its production processes[35]. - The company has implemented measures to enhance environmental performance and reduce carbon emissions as part of its commitment to sustainable development[121]. - The company achieved a 10% reduction in emissions by using hydrogen-rich carbon cycle blast furnace technology[123]. - The company completed 14 environmental protection projects, including upgrades to dust removal systems and nitrogen oxide reduction technologies[116]. Governance and Management - The company has a clear governance structure with designated roles for its board members and management team[89]. - The company has implemented a cash dividend policy, establishing a stable dividend mechanism to protect investors' rights, with a new three-year shareholder return plan for 2021-2023[106]. - The governance structure has been continuously improved, ensuring compliance with relevant laws and regulations, and enhancing operational transparency[79]. - The company held multiple shareholder meetings in 2021, adhering to procedural requirements and ensuring effective decision-making[80]. Related Party Transactions - The company engaged in significant related party transactions, raising risks of inadequate disclosure and non-arm's length pricing[184]. - The company emphasizes fair and reasonable pricing in related transactions, adhering to national pricing standards where applicable[155]. - The company has committed to reducing and regulating related party transactions to protect the interests of shareholders[129]. Market Position and Strategy - The company maintained a strong brand presence, being recognized as the largest steel listed company in Xinjiang and a key player in the northwest region[40]. - The company is actively pursuing low-carbon metallurgy technology advancements, positioning itself as a leader in green technology within the steel industry[40]. - The company plans to continue expanding its market presence and enhancing its production capabilities, with a focus on smart manufacturing and digital transformation[40].

Financial Performance - The company's operating revenue for Q3 2021 was ¥9,154,413,415.37, representing a year-on-year increase of 56.11%[5] - The net profit attributable to shareholders for the same period was ¥955,196,920.87, a significant increase of 309.37% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.624, reflecting a 313.25% increase year-on-year[6] - The company's operating revenue for the first three quarters of 2021 reached ¥23.81 billion, a significant increase of 51.8% compared to ¥15.67 billion in the same period of 2020[19] - The net profit for the first three quarters of 2021 was ¥2.23 billion, up 638.4% from ¥302.53 million in the first three quarters of 2020[20] - The total profit for the first three quarters of 2021 was ¥2.61 billion, compared to ¥345.90 million in the same period of 2020, reflecting strong operational performance[20] - The company's total comprehensive income for the first three quarters of 2021 was ¥2.23 billion, compared to ¥299.36 million in the same period of 2020[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥27,063,525,665.82, marking a 20.58% increase from the end of the previous year[6] - Current assets totaled CNY 11,096,117,599.79, up from CNY 8,396,665,254.56, indicating a growth of about 32.2%[14] - Inventory increased to CNY 4,091,284,634.69 from CNY 3,166,828,468.39, reflecting a rise of approximately 29.2%[14] - Total liabilities amounted to CNY 20,333,803,451.65, compared to CNY 17,939,358,127.89, marking an increase of around 13.3%[16] - The company's equity rose to CNY 6,729,722,214.17 from CNY 4,505,420,924.70, showing a significant increase of approximately 49.3%[16] Cash Flow and Financing - The company's cash flow from operating activities for the year-to-date was ¥764,902,580.76, showing a 4.51% increase[6] - The cash flow from operating activities for the first three quarters of 2021 was ¥764.90 million, slightly up from ¥731.92 million in the same period of 2020[22] - The company reported a net increase in cash and cash equivalents of ¥1.06 billion for the first three quarters of 2021, compared to ¥682.30 million in 2020[23] - The cash inflow from financing activities was ¥5.29 billion in 2021, compared to ¥4.74 billion in 2020, indicating robust financing efforts[23] Research and Development - Research and development expenses surged by 3,658.95%, indicating a strong focus on innovation and technology upgrades[9] - Research and development expenses surged to ¥413.03 million in 2021, compared to only ¥5.39 million in 2020, indicating a strong focus on innovation[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 62,390[11] - The company's total equity attributable to shareholders increased by 49.37% to ¥6,729,722,214.17 compared to the previous year[6] Operational Costs - The company reported a 44.70% increase in operating costs due to rising raw material prices and increased sales volume[9] Other Financial Metrics - The weighted average return on equity was 15.31%, up from 9.99% in the same period last year[6] - The company's financial expenses increased to ¥276.27 million in 2021 from ¥245.01 million in 2020, primarily due to interest expenses[19] - Cash and cash equivalents stood at CNY 3,463,660,458.12, up from CNY 2,407,635,865.98, representing a growth of about 44%[14] - Accounts receivable surged to CNY 746,567,162.05 from CNY 61,637,838.48, indicating a dramatic increase of approximately 1118%[14] Investment Activities - The company has ongoing investments in fixed assets totaling CNY 13,301,905,111.80, slightly down from CNY 13,622,971,847.48[15] - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[13]