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]

2021 年半年度报告 三、 本半年度报告未经审计。 四、 公司负责人沈东新、主管会计工作负责人张春辉及会计机构负责人（会计主管人员）樊国康 声明：保证半年度报告中财务报告的真实、准确、完整。 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 2021 年半年度报告 1 / 103 2021 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、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。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 肖国栋 | 因工作原因 | 沈东新 | 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前瞻性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 ...

证券代码：600581 证券简称：八一钢铁 公告编号：临 2021-022 新疆八一钢铁股份有限公司 关于参加 2021 年新疆辖区上市公司 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 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。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2021 年 6 月 18 日参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展的 2021 年新 疆辖区上市公司投资者网上集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录全景网"投资者关系互动平台"网站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参 与公司本次投资者集体接待日活动，活动时间为 2021 年 6 月 18 日（星期五） 15:00-17:30。 出席本次集体接待日的人员有：公司总经理张春辉先生、董事 ...

2021 年第一季度报告 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 2021 年第一季度报告 1 / 13 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 肖国栋 | 董事 | 因工作原因 | 沈东新 | 1.3 公司负责人沈东新、主管会计工作负责人张春辉及会计机构负责人（会计主管人员）樊国康 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 单位：元 币种：人民币 3 / 13 2021 年第一季度报告 | | 本报告期末 | 上年度末 | 本报告期末比上年 | | --- | -- ...

Financial Performance - In 2020, the company achieved a net profit of ¥316,278,230.76, a significant increase of 184.58% compared to ¥111,139,007.10 in 2019[5]. - The operating revenue for 2020 was ¥21,723,191,629.85, representing a growth of 5.39% from ¥20,612,490,685.42 in 2019[23]. - The total annual net profit for 2020 was CNY 316 million, showing a significant increase of 184.58% compared to the previous year[37]. - The company achieved a total annual revenue of CNY 21.7 billion in 2020, representing a year-on-year growth of 5.39%[37]. - The operating profit rose to approximately CNY 392.67 million, representing a significant increase of 234.89% year-on-year[40]. - The company reported a profit before tax of approximately CNY 381.65 million, an increase of 231.68% compared to the previous year[40]. - The basic earnings per share for 2020 were ¥0.206, up 182.19% from ¥0.073 in 2019[24]. - The total comprehensive income for 2020 was CNY 312,338,842.55, significantly higher than CNY 112,627,104.08 in 2019[187]. Cash Flow and Assets - The net cash flow from operating activities increased by 365.36% to ¥2,252,663,116.67, up from ¥484,064,738.12 in the previous year[23]. - The company’s cash and cash equivalents increased by 454.37% to ¥2,407,635,865.98, significantly improving liquidity[55]. - The company's total assets rose to ¥22,444,779,052.59, marking a 15.13% increase from ¥19,495,345,077.35 in 2019[23]. - Current assets totaled CNY 8,396,665,254.56, up from CNY 5,286,427,697.55 in 2019, indicating a significant increase of about 58.5%[182]. - Cash and cash equivalents reached CNY 2,407,635,865.98, compared to CNY 434,303,830.66 in the previous year, reflecting a substantial rise of approximately 453.5%[182]. Production and Market Position - The company maintained a market share of 36.1% in the domestic rebar market and 73.5% in the plate market within Xinjiang[32]. - The production capacity of the company includes 7 million tons of iron, 7.3 million tons of steel, and 7.7 million tons of materials annually[32]. - The company produced 5.91 million tons of iron, 6.25 million tons of steel, and 5.97 million tons of commercial materials in 2020, with respective year-on-year increases of 39,000 tons, 45,000 tons, and 46,000 tons[37]. - The expected demand for steel in Xinjiang in 2021 is approximately 11.4 million tons, driven by market recovery[70]. Research and Development - Research and development expenses surged by 199.03% to approximately CNY 216.97 million, indicating a strong focus on innovation[40]. - The total R&D expenditure was ¥216,970,741.88, which is 1% of the total revenue, with 586 R&D personnel making up 10.92% of the total workforce[52]. - The company aims to enhance its low-carbon metallurgy innovation capabilities, establishing a dedicated working group for this purpose[39]. Environmental Responsibility - The company reported a total particulate matter emission of 970.869 tons, sulfur dioxide emission of 2529.86 tons, and nitrogen oxides emission of 4271.428 tons, all within the permitted limits[122]. - The company has implemented 182 sets of environmental protection facilities, all of which are operating normally and meeting emission standards[123]. - The company has established an emergency response plan for environmental accidents, which has been filed with the Urumqi Environmental Emergency Center[125]. - The total emissions of COD and ammonia nitrogen were reported as zero, indicating effective wastewater treatment[122]. Corporate Governance and Shareholder Relations - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and protecting minority shareholders[155]. - The board of directors consists of 9 members, including 3 independent directors, with various specialized committees in place[156]. - The company has maintained a strict information disclosure policy, ensuring timely and fair access to information for all shareholders[155]. - The company has committed to protecting the interests of minority shareholders by ensuring that the restructuring does not dilute current earnings per share[97]. Related Party Transactions - The total amount of related party transactions with Baogang Company reached approximately ¥2,642,347,320.17 for coking coal, accounting for 83.19% of similar transactions[111]. - The company has implemented significant asset restructuring to reduce reliance on related parties and enhance operational independence[113]. - The company strictly adheres to fair pricing principles for related party transactions, ensuring compliance with market prices where applicable[113]. Future Plans and Strategic Initiatives - The company plans to increase its production capacity for steel to 720,000 tons in 2021, up from 625,000 tons in 2020[44]. - The company plans to produce 6.5 million tons of iron, 7.2 million tons of steel, and 6.8 million tons of materials in 2021, aiming for a revenue of 25.3 billion yuan[73]. - The company aims to implement green development strategies and improve energy efficiency in response to carbon emission targets by 2030 and 2060[77].

Financial Performance - Net profit attributable to shareholders rose by 25.93% to CNY 302.53 million year-on-year[9] - Operating revenue for the first nine months reached CNY 15.67 billion, a slight increase of 1.15% compared to the same period last year[9] - Operating profit increased by 34.39% to 348,440,359.24 yuan compared to the same period last year[17] - Total revenue increased, contributing to a profit before tax of 345,899,371.40 yuan, up 32.24% year-on-year[17] - The net profit for Q3 2020 was approximately ¥233.33 million, representing an increase of 100.0% from ¥116.60 million in Q3 2019[27] - The company reported a total comprehensive income of approximately ¥230.89 million in Q3 2020, compared to ¥116.60 million in Q3 2019[28] - The basic earnings per share for Q3 2020 was ¥0.151, an increase from ¥0.076 in Q3 2019[28] Cash Flow and Liquidity - Cash flow from operating activities improved significantly, with a net amount of CNY 731.92 million, reversing a loss of CNY 148.26 million from the previous year[9] - Cash flow from operating activities showed a net inflow of 731,919,264.05 yuan, a significant improvement from a net outflow of 148,261,679.41 yuan in the previous year[17] - The cash flow from operating activities for the first three quarters of 2020 was approximately ¥731.92 million, compared to a negative cash flow of ¥148.26 million in the same period of 2019[30] - The company reported a significant increase in cash and cash equivalents, up 178.29% to CNY 1.21 billion due to increased sales revenue[15] - The cash and cash equivalents at the end of Q3 2020 were approximately ¥1.12 billion, an increase from ¥385.60 million at the end of Q3 2019[30] Assets and Liabilities - Total assets increased by 11.50% to CNY 21.74 billion compared to the end of the previous year[9] - The total assets of the company as of September 30, 2020, amounted to 21,737,023,821.25 yuan, compared to 19,495,345,077.35 yuan at the end of 2019[21] - The company's total liabilities increased to 17,284,937,208.05 yuan from 15,345,349,709.38 yuan at the end of the previous year[22] - Total current assets amounted to approximately $5.29 billion, with inventory accounting for $3.10 billion[33] - Total non-current assets reached approximately $14.21 billion, primarily driven by fixed assets valued at $13.60 billion[33] - Total liabilities were approximately $15.35 billion, with current liabilities constituting about $15.34 billion[35] - The company's total equity stood at approximately $4.15 billion, with retained earnings showing a deficit of approximately $1.50 billion[35] - Short-term borrowings were approximately $5.54 billion, indicating a significant reliance on debt financing[35] Shareholder Information - The total number of shareholders reached 81,174, with the largest shareholder holding 50.02% of the shares[12] Government Support and Subsidies - The company received government subsidies amounting to CNY 21.19 million during the reporting period[11] Research and Development - Research and development expenses decreased by 92.13% to 5,385,807.70 yuan due to reduced spending on new product development[17] - Research and development expenses in Q3 2020 were approximately ¥4.29 million, a significant decrease of 90.2% compared to ¥43.88 million in Q3 2019[25] Operational Efficiency - The company maintained a stable iron ore price despite a 30% increase in the Platts index, contributing to overall cost reduction[17] - The company plans to continue optimizing cost control and improving management capabilities to strengthen its operational performance[17] Accounts Receivable and Payable - Accounts receivable surged by 474.66% to CNY 513.29 million, indicating increased credit sales[15] - Accounts receivable totaled approximately $89.32 million, while accounts payable reached approximately $1.62 billion[33] Financial Reporting Changes - The company has adopted new revenue recognition standards effective January 1, 2020, impacting financial reporting practices[37] - The company has a deferred tax asset of approximately $2.56 million, which may provide future tax benefits[33]