2023 年第一季度报告 单位：元 币种：人民币 (一)主要会计数据和财务指标 1 / 11 证券代码：600782 证券简称：新钢股份 新余钢铁股份有限公司 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。 公司负责人刘建荣、主管会计工作负责人卢梅林及会计机构负责人（会计主管人员）李雪红保证 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 | --- | --- | --- | |-----------------------------------------------|-------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增 减变动幅度 (%) | | 营业收入 | 22,8 ...

Financial Performance - In 2022, the company achieved operating revenue of 99.01 billion RMB, a decrease of 5.63% compared to 2021[29]. - The net profit attributable to shareholders was 1.046 billion RMB, down 75.95% year-on-year[29]. - The net cash flow from operating activities was 78.11 million RMB, a significant decline of 98.38% compared to the previous year[29]. - In 2022, the company's basic earnings per share decreased by 76.26% to CNY 0.33 compared to CNY 1.39 in 2021[56]. - The company's net profit attributable to shareholders was CNY -50.96 million in Q4 2022, a significant decline from previous quarters[57]. - The total revenue for Q4 2022 was CNY 2.30 billion, showing a decline compared to previous quarters[57]. - The company's total revenue for the reporting period was ¥9,900,132.03, a decrease of 5.63% compared to ¥10,491,110.72 in the previous year[66]. - The net cash flow from operating activities dropped significantly by 98.37%, from ¥480,600.00 to ¥7,810.58[66]. - The gross profit margin for the steel manufacturing segment was 6.43%, down by 5.44 percentage points year-on-year[67]. - The company reported a significant increase in financial expenses, which rose by 210.06% to ¥31,647.61 from ¥10,207.02[71]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, pending approval at the 2022 annual general meeting[3]. - The company does not plan to increase capital reserves through profit distribution, opting instead to carry forward undistributed profits to the next fiscal year[3]. - The company will adjust the total distribution amount if there are changes in total share capital before the dividend distribution date[3]. - The proposed cash dividend for 2022 is CNY 1.00 per 10 shares, subject to shareholder approval[185]. - The company declared a cash dividend of 1.00 yuan per 10 shares, totaling 318,872,269.60 yuan, which represents 30.47% of the net profit attributable to ordinary shareholders[187]. - The total dividend amount also accounts for 30.47% of the net profit attributable to ordinary shareholders[187]. Risk Management - The company acknowledges risks including macroeconomic, market, financial, and operational risks, with detailed strategies outlined in the management discussion section[5]. - The company emphasizes that forward-looking statements regarding future plans do not constitute a commitment to investors, highlighting investment risks[4]. - The company’s management discusses potential risks and countermeasures in detail, emphasizing the importance of risk management strategies[5]. - The company is navigating a challenging external environment with pressures from demand contraction and high raw material costs[62]. - The company is closely monitoring macroeconomic conditions and adjusting production and sales strategies accordingly to mitigate risks from lower-than-expected downstream demand[141]. Operational Efficiency and Innovation - The company has implemented a major reform with a 44% reduction in organizational layers to enhance operational efficiency[38]. - The company has launched multiple smart manufacturing projects, achieving a business online rate of over 87%[38]. - The company is focusing on digital transformation with a five-year plan to become a "digital benchmark enterprise" in the industry[38]. - The company aims to enhance its competitive edge through technological innovation and strategic partnerships within the Baowu ecosystem[43]. - The company is committed to continuous reform and innovation, focusing on improving organizational efficiency and employee satisfaction through a multi-dimensional incentive system[43]. - The company is actively pursuing digital transformation and green development initiatives to align with modern industry standards and customer expectations[42]. - The company aims to achieve "green new steel" by implementing various environmental protection projects and ensuring compliance with emission standards[116]. - The company is committed to achieving ultra-low emissions and has initiated projects for upgrading silicon steel production[138]. Research and Development - The company employed 2,119 R&D personnel, accounting for 16.84% of the total workforce[74]. - Research and development expenses increased by 6.18% to ¥65,022.35, compared to ¥61,236.63 in the previous year[66]. - The company’s R&D investment totaled 187,959.38 million, accounting for 1.90% of operating revenue[97]. - The company developed 65 new products during the reporting period, generating revenue of 63.2813 million yuan[99]. - The company has been recognized for its key R&D projects, including the "Hydrogen-based Flash Ironmaking Key Technology Research" listed as a major technology project in Jiangxi Province[99]. Market Position and Strategy - The company aims to become a global leader in high-quality silicon steel and thick plates, integrating advanced management systems and resources to enhance operational efficiency and digital transformation[43]. - The company is strategically located in Jiangxi Province, benefiting from proximity to major industrial regions and a favorable business environment, which supports sustainable development[43]. - The company has established a comprehensive marketing network across Central, Eastern, and Southern China, gradually expanding its international market presence[43]. - The company emphasizes a customer-centric approach, integrating various business processes to provide a "one-stop" service experience, enhancing customer satisfaction[43]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the industry[150]. Environmental and Social Responsibility - The company has implemented measures to comply with environmental regulations, resulting in zero major environmental pollution incidents during the reporting period[191]. - The company has actively engaged in rural revitalization efforts, including funding projects and establishing a leadership group for these initiatives[198]. - The company has supported local agriculture by investing in vegetable greenhouses and promoting local products, achieving significant sales of 63,000 bottles of chili sauce[198]. - The company has developed an emergency response plan for environmental pollution incidents, ensuring preparedness for potential environmental emergencies[194]. Governance and Compliance - The company has strengthened its governance structure, ensuring effective operation and compliance with legal requirements, while enhancing investor relations[144]. - The company has maintained independence from its controlling shareholders, ensuring no interference in decision-making or operational activities[146]. - The company has established a robust internal control system to enhance decision-making efficiency and ensure compliance and asset security[187]. - There were no significant deficiencies in internal control during the reporting period[187].

证券代码：600782 证券简称：新钢股份 公告编号：临 2023-022 新余钢铁股份有限公司 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法律责任。 重要内容提示： 会议召开时间：2023 年 04 月 27 日(星期四) 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 2023 年 04 月 20 日(星期四) 至 04 月 26 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 Ir_600782@163.com 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。 新余钢铁股份有限公司（以下简称"公司"）已于 2023 年 4 月 18 日发布公司 2022 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 04 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥23,899,335,377.70, a decrease of 22.50% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥135,666,003.54, down 86.77% year-on-year[6]. - Year-to-date net profit attributable to shareholders reached ¥1,555,997,741.47, reflecting a decline of 54.64% compared to the same period last year[6]. - Basic earnings per share for Q3 2022 were ¥0.04, a decrease of 87.80% year-on-year[10]. - Total operating revenue for the first three quarters of 2022 was CNY 75,974,648,225.70, a decrease of 11.5% compared to CNY 85,445,258,320.47 in the same period of 2021[25]. - Total operating costs for the first three quarters of 2022 were CNY 74,460,958,923.91, down from CNY 81,676,437,935.29 in 2021, reflecting a reduction of 8.1%[25]. - Total revenue for the third quarter was 1,869,609,559.70 CNY, a decrease of approximately 54.2% compared to 4,086,135,679.98 CNY in the same period last year[27]. - Net profit for the third quarter was 1,572,484,475.70 CNY, down 55.6% from 3,532,050,359.28 CNY year-over-year[27]. - The company reported a total comprehensive income of 1,600,622,936.77 CNY, compared to 3,530,699,034.75 CNY in the same quarter last year, indicating a decrease of approximately 54.7%[29]. - Basic and diluted earnings per share were both 0.50 CNY, down from 1.10 CNY in the previous year[29]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥966,610,880.04, down 51.41% compared to the previous year[10]. - Cash and cash equivalents as of September 30, 2022, were CNY 3,123,203,151.88, a decrease of 38.4% from CNY 5,061,533,627.98 at the end of 2021[20]. - Cash flow from operating activities for the first nine months was 966,610,880.04 CNY, a decrease from 1,989,173,625.97 CNY year-over-year[34]. - Cash inflow from investment activities totaled 8,799,667,844.17 CNY, compared to 8,342,321,299.79 CNY in the previous year[34]. - The company experienced a net cash outflow from investment activities of 312,960,724.03 CNY, an improvement from a net outflow of 2,857,965,490.58 CNY last year[34]. - Financing activities generated cash inflow of 3,842,987,568.52 CNY, slightly lower than 3,767,968,927.31 CNY in the previous year[34]. - The net cash flow from financing activities was -$2.42 billion, compared to -$990.58 million in the previous period, indicating a significant increase in cash outflow[35]. - The total cash and cash equivalents at the end of the period amounted to $2.99 billion, up from $2.56 billion year-over-year[35]. - The cash and cash equivalents net increase for the period was -$1.83 billion, slightly improved from -$1.85 billion in the previous year[35]. - The cash outflow from financing activities totaled $6.27 billion, an increase from $4.76 billion in the same period last year[35]. - The impact of exchange rate changes on cash and cash equivalents was -$55.55 million, contrasting with a positive impact of $7.28 million in the previous year[35]. Assets and Liabilities - Total assets at the end of the reporting period were ¥59,260,095,808.57, an increase of 0.93% from the end of the previous year[10]. - The company's equity attributable to shareholders was ¥26,919,310,520.15, a slight increase of 0.07% from the previous year[10]. - The total assets as of September 30, 2022, amounted to CNY 59,260,095,808.57, slightly up from CNY 58,712,914,516.57 at the end of 2021[25]. - Total liabilities increased to CNY 31,571,288,198.81 as of September 30, 2022, compared to CNY 31,060,753,769.08 at the end of 2021, indicating a rise of 1.6%[25]. - The company's total equity as of September 30, 2022, was CNY 27,688,807,609.76, an increase from CNY 27,652,160,747.49 at the end of 2021[25]. Shareholder Information - The company had a total of 72,147 common shareholders at the end of the reporting period[15]. Operational Insights - The decline in net profit was primarily due to weakened downstream demand in the steel industry and continuous price drops in steel products[14]. - Research and development expenses increased significantly to 1,575,426,997.56 CNY, compared to 585,238,344.19 CNY in the previous year, reflecting a growth of 168%[27]. - The company has ongoing construction projects with a value of CNY 2,858,701,005.59 as of September 30, 2022, significantly up from CNY 1,361,556,165.80 at the end of 2021, indicating growth in capital expenditure[23].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥52.08 billion, a decrease of 4.64% compared to ¥54.61 billion in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥1.42 billion, down 40.94% from ¥2.40 billion year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥1.21 billion, a decline of 46.77% compared to ¥2.27 billion in the previous year[21]. - The net cash flow from operating activities was ¥750.84 million, a decrease of 36.70% from ¥1.19 billion in the same period last year[21]. - Basic earnings per share for the first half of 2022 were ¥0.45, down 41.56% from ¥0.77 in the same period last year[21]. - The weighted average return on net assets was 5.29%, a decrease of 4.64 percentage points compared to 9.93% in the previous year[21]. - The company reported a year-on-year decrease of 55.47% in total profit for the steel industry, indicating significant pressure on profitability[30]. - The total comprehensive income attributable to the parent company for the first half of 2022 was CNY 1,433,290,344.86, down from CNY 2,402,571,223.04 in the same period of 2021, a decrease of approximately 40.29%[120]. - The net profit for the first half of 2022 was CNY 1,576,828,592.74, down from CNY 2,617,593,877.16 in the first half of 2021, indicating a decrease of about 39.73%[125]. Assets and Liabilities - The total assets at the end of the reporting period were ¥61.08 billion, an increase of 4.03% from ¥58.71 billion at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were ¥26.77 billion, a slight decrease of 0.49% from ¥26.90 billion at the end of the previous year[21]. - The company maintained a debt-to-asset ratio of 54.90%[31]. - The total liabilities increased to CNY 28,169,118,764.91 from CNY 25,908,080,893.68, reflecting a rise in financial obligations[115]. - The total cash and cash equivalents at the end of the period stood at CNY 1,539,120,220.95, a decrease from CNY 1,007,285,578.54 in the previous year[137]. - The company’s total liabilities increased, with cash paid for debt repayment amounting to CNY 2,110,000,000.00, slightly down from CNY 1,895,747,000.00 in the previous year[134]. Cash Flow - The net cash flow from operating activities decreased by 36.70% to ¥750,842,550.25 from ¥1,186,237,032.59 in the previous year[41]. - Cash inflow from operating activities totaled CNY 40,282,291,622.38 for the first half of 2022, down from CNY 42,419,277,667.34 in the first half of 2021, a decrease of approximately 5.04%[129]. - The company recorded a net cash outflow from operating activities of CNY 39,531,449,072.13, compared to CNY 41,233,040,634.75 in the same period of 2021, reflecting a decrease of about 4.13%[129]. - Cash inflow from investment activities totaled CNY 6,569,226,218.44, an increase of 14.8% from CNY 5,727,608,583.39 year-over-year[134]. - The net cash outflow from investment activities was CNY -2,424,856,640.68, improving from CNY -3,804,280,392.43 in the previous year[134]. Research and Development - Research and development expenses increased by 70.98% to ¥578,231,240.49, up from ¥338,195,627.53, due to increased investment in new product development and digital transformation[41]. - Research and development expenses for the first half of 2022 amounted to CNY 453,234,308.27, significantly higher than CNY 177,451,255.47 in the same period of 2021, reflecting an increase of approximately 154.66%[122]. Environmental Compliance - The company reported zero major environmental pollution incidents during the reporting period[68]. - The total discharge of COD was 91.349 tons, which is compliant with national discharge standards[68]. - The company achieved a 100% synchronization rate for environmental protection facilities and main facilities during the first half of 2022[72]. - The company has implemented various environmental protection projects, including upgrades to gas cooling and low emissions for sintering machines[72]. - The company is committed to environmental compliance and has initiated projects for low emissions and energy efficiency to meet dual carbon policy requirements[61]. Shareholder Information - The controlling shareholder's equity stake in the company increased to 44.81% following the completion of a share conversion from convertible bonds on April 20, 2022[91]. - As of June 6, 2022, Xinjian Group holds 1,428,799,497 shares of Xinjian Co., accounting for 44.81% of the total share capital[92]. - The total number of ordinary shareholders as of the reporting period end is 66,289[97]. - The company distributed CNY 1,563,976,074.50 to shareholders during the reporting period, which is a significant portion of the profits[147]. Strategic Initiatives - The company focused on digital transformation and management reform to enhance operational resilience amid market challenges[35]. - The company plans to leverage infrastructure investment and stabilize the real estate sector to gradually recover steel demand in the second half of the year[31]. - The company is actively pursuing low-carbon development projects to align with industry standards for ultra-low emissions[41]. Economic and Market Risks - The company faces economic risks due to global instability, impacting raw material prices and supply chains, and plans to enhance cost monitoring and digital transformation[57]. - Market risks include fluctuations in iron ore prices and demand from key industries, which may affect order execution and gross margins[57]. - The ongoing COVID-19 pandemic poses supply and demand uncertainties, prompting the company to enhance digital transformation and new product development efforts[62].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 26,002,448,237.10, representing a year-on-year increase of 2.76%[5] - The net profit attributable to shareholders for Q1 2022 was CNY 1,030,157,221.12, reflecting a year-on-year increase of 6.12%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 2.04% to CNY 860,737,386.71[5] - Total operating revenue for Q1 2022 was CNY 26,002,448,237.10, an increase of 2.76% from CNY 25,304,758,482.13 in Q1 2021[25] - Total operating costs for Q1 2022 were CNY 25,037,734,042.62, up 3.17% from CNY 24,269,438,974.78 in Q1 2021[25] - Net profit for Q1 2022 reached CNY 1,041,731,684.03, representing a 4.42% increase compared to CNY 997,606,367.64 in Q1 2021[29] - Total profit for Q1 2022 was CNY 1,208,175,715.88, up from CNY 1,151,267,325.50 in Q1 2021, marking a 4.95% increase[29] Cash Flow - The net cash flow from operating activities significantly decreased by 75.83% to CNY 442,062,280.12, primarily due to changes in inventory and receivables[5] - Cash inflow from operating activities for Q1 2022 was CNY 21,970,479,791.46, compared to CNY 20,551,079,912.51 in Q1 2021, indicating a growth of 6.89%[31] - The net cash flow from operating activities was 442,062,280.12, a decrease of 75.8% compared to 1,828,660,475.34 from the previous period[34] - Cash inflow from investment activities totaled 3,485,322,903.12, up 34.2% from 2,597,968,193.24 in the prior period[34] - The net cash flow from investment activities was -2,501,067,467.71, an improvement from -3,372,991,474.06 in the previous period[34] - Cash inflow from financing activities was 1,419,000,000.00, slightly down from 1,451,603,773.98 year-over-year[34] - The net cash flow from financing activities was 140,583,900.58, a decrease of 55.7% compared to 316,824,090.59 from the previous period[34] - The total cash and cash equivalents at the end of the period were 2,892,224,504.67, down from 3,191,169,988.18 in the previous year[36] - The total cash outflow from operating activities was 21,528,417,511.34, an increase of 14.5% from 18,722,419,437.17[34] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 60,362,007,247.90, an increase of 2.81% compared to the end of the previous year[7] - The company's current assets totaled CNY 33,934,965,994.08, slightly down from CNY 34,463,056,180.36 at the end of 2021, indicating a decrease of about 1.5%[19] - Cash and cash equivalents decreased to CNY 3,221,771,268.62 from CNY 5,061,533,627.98, representing a decline of approximately 36.4%[19] - Accounts receivable increased to CNY 2,211,720,372.21 from CNY 1,892,482,103.48, showing a growth of about 16.8%[19] - Inventory rose to CNY 7,110,797,275.50 from CNY 6,248,619,543.33, marking an increase of approximately 13.8%[19] - The total liabilities of the company were CNY 31,669,151,851.21, up from CNY 31,060,753,769.08, indicating an increase of about 2%[22] - The company's equity attributable to shareholders reached CNY 27,928,270,578.40, compared to CNY 26,899,150,392.11, reflecting a growth of approximately 3.8%[23] - The company's short-term borrowings increased to CNY 3,206,000,000.00 from CNY 3,113,806,696.84, representing a rise of about 3%[22] - The company reported a decrease in other receivables to CNY 130,415,304.94 from CNY 171,383,995.43, which is a decline of approximately 24%[19] - The company’s non-current assets totaled CNY 26,427,041,253.82, an increase from CNY 24,249,858,336.21, indicating a growth of about 9%[19] Shareholder Information - The top shareholder, Xinyu Steel Group Co., Ltd., holds 1,217,098,232 shares, accounting for 38.17% of the total shares[12] Research and Development - Research and development expenses in Q1 2022 totaled CNY 143,885,877.88, an increase of 25.83% from CNY 114,437,216.76 in Q1 2021[25] Other Income and Expenses - Other income for Q1 2022 was CNY 54,185,904.40, compared to CNY 34,990,948.53 in Q1 2021, reflecting a growth of 55.06%[25] - Financial expenses for Q1 2022 were CNY 51,827,579.45, an increase of 96.06% from CNY 26,458,028.72 in Q1 2021[25] - Investment income for Q1 2022 was CNY 81,375,526.57, up from CNY 74,828,849.77 in Q1 2021, showing an increase of 8.25%[25]

Financial Performance - In 2021, the company's operating revenue reached CNY 10,491,283.98 million, an increase of 44.88% compared to 2020[20] - The net profit attributable to shareholders was CNY 434,455.86 million, reflecting a growth of 60.90% year-on-year[20] - The net profit after deducting non-recurring gains and losses was CNY 408,372.49 million, up 66.53% from the previous year[20] - The net cash flow from operating activities was CNY 481,132.80 million, an increase of 34.56% compared to 2020[20] - By the end of 2021, the net assets attributable to shareholders amounted to CNY 2,689,915.04 million, a growth of 14.47% year-on-year[20] - Basic earnings per share rose to CNY 1.39, a 63.53% increase compared to CNY 0.85 in 2020[23] - The weighted average return on equity improved to 17.42%, an increase of 5.49 percentage points from 11.93% in 2020[23] - The company achieved a total revenue of CNY 10,490,000 million for the year, reflecting a robust growth trajectory despite market challenges[30] - The company achieved operating revenue of 104.91 billion RMB, a year-on-year increase of 44.88%, and a net profit of 4.47 billion RMB, up 62.84% year-on-year[47] Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 5.00 per 10 shares (including tax) to all shareholders[4] - The cash dividend policy is clear and complies with company regulations, ensuring protection of minority shareholders' rights[119] - The company reported a positive net profit attributable to shareholders, but did not propose a cash profit distribution plan for the reporting period[122] Risk Management - The company has identified risks including macroeconomic, market, financial, and operational risks, with strategies outlined in the management discussion section[5] - The company faces economic risks due to the cyclical nature of the steel industry, with challenges including demand contraction and inflationary pressures[83] - The company faces operational risks due to significant fluctuations in the prices of raw materials such as iron ore, coke, and oil, which may lead to reduced profits and unmet operational expectations[86] Operational Efficiency and Innovation - The company emphasized innovation and efficiency improvements, leading to enhanced management levels and operational performance[30] - The company achieved significant improvements in production efficiency and capacity, with a focus on optimizing operations and reducing converter steel consumption[32] - The digital transformation initiative "Smart New Steel" has been launched, enhancing collaboration with high-tech firms and implementing multiple smart manufacturing projects[32] - The company aims to enhance production efficiency by reducing raw material procurement costs and optimizing coal and ore blending, aiming for a significant reduction in production costs[76] Environmental Responsibility - Environmental initiatives have led to a 58.57% increase in self-generated electricity and a 16.2 kgce/t reduction in comprehensive energy consumption per ton of steel[32] - The company has committed to achieving ultra-low emissions in key processes and completing environmental upgrade projects as part of its "Green New Steel" initiative[81] - The company has established a comprehensive internal control system covering governance, information disclosure, and risk management to ensure compliance and operational efficiency[122] - The company has maintained a 100% operational compliance rate for its environmental facilities, ensuring effective environmental management[132] Market Position and Strategy - The company aims to enhance its market competitiveness by focusing on a diverse product structure and high-value-added products[42] - The company is located in Jiangxi Province, benefiting from proximity to major markets and a favorable business environment for sustainable development[43] - The company is focused on enhancing its financial information systems and investment management strategies[104] - The company is actively pursuing energy-saving projects, including efficient power generation from gas resources and rooftop solar power generation, to improve its environmental performance[86] Governance and Management - The company has established a comprehensive governance structure, ensuring clear responsibilities among the shareholders' meeting, board of directors, and management team[88] - Independent directors are contributing to the company's management and strategic development by providing independent opinions on significant matters[89] - The company has implemented robust information disclosure management systems to ensure timely and accurate communication with investors[92] - The company has experienced changes in its board members, with several resignations due to personal or work-related reasons[104] Research and Development - The company has made progress in R&D, with breakthroughs in rare earth steel and the establishment of a full range of non-oriented electrical steel products, alongside new projects for high-grade electrical steel for electric vehicles[32] - Total R&D expenditure amounted to 231,669.52 million, representing 2.21% of operating revenue, with no capitalized R&D expenses[57] - The company plans to increase its R&D budget by 10% to foster innovation in product development[99] Employee Management - The company reported a total of 15,670 employees, with 10,873 in the parent company and 4,797 in major subsidiaries[112] - Employee income increased by over 10% due to performance-based salary adjustments and a new wage system implemented[115] - The training program for 2022 focuses on digital transformation and enhancing employee skills, with a strong emphasis on management training[116] Financial Health - The total assets at the end of the reporting period amounted to ¥11,354,711,445.12 million, with overseas assets accounting for 1.90% of total assets[62] - The company's accounts payable rose by 31.48% to ¥651,255.59 million from ¥495,318.57 million in the previous year, driven by an increase in trade payables[60] - The company reported a significant increase in tax payable, rising by 148.09% to ¥113,723.22 million from ¥45,839.26 million, due to increased corporate income tax and VAT[62] Shareholder Structure - The largest shareholder, Xinyu Steel Group Co., Ltd., holds 1,217,098,232 shares, representing 38.17% of the total shares[166] - The second-largest shareholder, Xinjing Group - Huatai United Securities, decreased its holdings by 205,513,104 shares, now holding 349,486,896 shares, which is 10.96%[166] - The controlling shareholder is Xinyu Steel Group Co., Ltd., which is a state-owned entity[170] - The actual controller of the company is the Jiangxi Provincial State-owned Assets Supervision and Administration Commission[173]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥3,083,604.09 million, representing a year-on-year increase of 53.80%[6] - Net profit attributable to shareholders was ¥102,517.38 million, up 29.25% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥95,320.67 million, reflecting a 43.64% increase year-on-year[6] - Basic earnings per share for the quarter were ¥0.328, an increase of 30.40% from the previous year[6] - Total operating revenue for the first three quarters of 2021 reached ¥85.45 billion, a significant increase of 64.5% compared to ¥51.93 billion in the same period of 2020[32] - Net profit for the first three quarters of 2021 was ¥3.53 billion, representing a 84.4% increase from ¥1.92 billion in the same period of 2020[35] - The company reported a total profit of ¥4.09 billion for the first three quarters of 2021, compared to ¥2.29 billion in the previous year, marking an increase of 78.9%[35] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,903,505.89 million, a 13.06% increase from the end of the previous year[9] - As of September 30, 2021, total assets amounted to RMB 59,035,058,863.32, an increase from RMB 52,217,493,400.72 at the end of 2020, representing a growth of approximately 13.9%[22] - Current assets totaled RMB 33,150,477,168.04, up from RMB 28,221,735,131.17 at the end of 2020, indicating an increase of about 17.5%[22] - Total liabilities reached RMB 32,310,872,335.04, up from RMB 28,071,552,271.34, which is an increase of around 15.4%[28] - The company's equity attributable to shareholders was RMB 25,988,675,719.55, compared to RMB 23,498,365,150.88 at the end of 2020, representing a growth of about 10.6%[28] Cash Flow and Investments - Cash flow from operating activities for the first three quarters of 2021 totaled ¥63.73 billion, an increase from ¥40.48 billion in the previous year[38] - The net cash flow from operating activities was 1,989,173,625.97, a decrease of 48.0% compared to 3,827,546,981.28 from the previous period[41] - The total cash outflow from investing activities was 11,200,286,790.37, down 17.7% from 13,603,819,225.56 in the prior period[41] - The total cash inflow from investing activities was 8,342,321,299.79, down 15.2% from 9,831,392,633.73 in the prior period[41] - The cash paid for investments was 10,279,000,000.00, a decrease of 20.5% compared to 12,924,299,215.43 in the previous period[41] Research and Development - The company reported a significant increase in research and development expenses by 51.43%, primarily due to investments in electrical steel projects[13] - Research and development expenses for the first three quarters of 2021 amounted to ¥585.24 million, up 51.5% from ¥386.46 million in 2020[32] Other Financial Metrics - The company's weighted average return on equity was 4.024%, an increase of 0.49 percentage points compared to the previous year[6] - The total cash inflow from financing activities was 3,767,968,927.31, down 19.7% from 4,696,070,753.71 in the prior period[41] - The cash paid for employee compensation was 2,422,155,509.48, an increase of 12.7% from 2,148,749,189.05 in the prior period[41] - The cash paid for taxes was 1,498,122,941.33, a decrease of 38.9% compared to 2,447,737,879.97 in the previous period[41]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥54.61 billion, an increase of 71.31% compared to ¥31.88 billion in the same period last year[21]. - Net profit attributable to shareholders was ¥2.40 billion, up 119.88% from ¥1.09 billion year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥2.27 billion, representing a 157.58% increase from ¥882 million in the previous year[21]. - Basic earnings per share increased to ¥0.77, a rise of 126.47% compared to ¥0.34 in the same period last year[21]. - Operating costs increased to ¥51.08 billion, reflecting a 70.12% rise from ¥30.03 billion, primarily due to expanded sales scale and rising raw material procurement costs[39]. - The company's net profit for the first half of 2021 reached ¥2,617,593,877.16, a significant increase from ¥957,286,307.61 in the same period of 2020, representing a growth of approximately 173%[127]. - Operating profit for the first half of 2021 was ¥2,888,447,508.02, compared to ¥1,121,269,792.40 in the previous year, indicating an increase of about 158%[125]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥55.90 billion, up 7.06% from ¥52.22 billion at the end of the previous year[21]. - As of June 30, 2021, the company's total assets amounted to 55.902 billion RMB, with a net asset value of 24.963 billion RMB and a debt-to-asset ratio of 54.10%[29]. - Total liabilities reached ¥30,241,964,005.90, up from ¥28,071,552,271.34, indicating a growth of around 7.8%[108]. - Current liabilities amounted to ¥29,461,017,567.47, compared to ¥27,155,720,361.27, showing an increase of about 8.5%[106]. - The company's equity attributable to shareholders increased to ¥24,962,550,729.22 from ¥23,498,365,150.88, a growth of about 6.2%[108]. Cash Flow - The net cash flow from operating activities was ¥1.19 billion, a decrease of 65.62% from ¥3.45 billion in the previous year[21]. - The cash and cash equivalents at the end of the reporting period were ¥2.35 billion, a decrease of 48.13% from ¥4.52 billion at the end of the previous year[43]. - The net cash flow from operating activities for the first half of 2021 was ¥2,108,282,187.58, slightly up from ¥2,064,451,575.42 in the same period of 2020, indicating a growth of approximately 2.5%[135]. - The total cash inflow from investment activities was ¥5,727,608,583.39, down from ¥6,111,570,035.10 in the previous year, representing a decrease of about 6.3%[135]. Research and Development - Research and development expenses rose by 41.72% to ¥338.20 million, up from ¥238.64 million, driven by increased investment from the subsidiary[39]. - The company is investing heavily in R&D, with a budget allocation of 100 million for new technology development in 2021[192]. Environmental Compliance - The company strictly complies with environmental laws and regulations, ensuring that major pollutants are below government-approved discharge limits[66]. - The company has achieved a 100% operational rate for its environmental protection facilities[72]. - The company is actively implementing ultra-low emission upgrades in line with national environmental policies, including several key projects[72]. Market Strategy - The company is actively pursuing market expansion and product differentiation strategies, including the production of high-grade electrical steel[33]. - The company plans to enhance production capacity and efficiency through ongoing projects, including the commissioning of new coke ovens and sintering machines[34]. - Market expansion plans include entering three new international markets by the end of Q4 2021, aiming for a 10% market share in each[194]. Shareholder Information - The total number of common shareholders as of the end of the reporting period was 45,512[92]. - The largest shareholder, Xinyu Steel Group Co., Ltd., held 1,217,098,232 shares, representing 38.17% of total shares[92]. - The company has not made any interim profit distribution plans for the current period[62]. Social Responsibility - The company has successfully lifted all 146 registered impoverished households in the Yangsong Village out of poverty, achieving a 100% poverty alleviation rate[78]. - The company has implemented measures to ensure the stability of poverty alleviation policies, maintaining support for households that have been lifted out of poverty[78]. - The company has donated medical masks and books as part of its charitable efforts during the reporting period[78].

Financial Performance - Operating revenue surged by 70.82% to CNY 2,530,475.85 million year-on-year[11] - Net profit attributable to shareholders rose by 88.83% to CNY 97,077.56 million compared to the same period last year[11] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 122.97% to CNY 87,862.52 million[11] - Basic earnings per share increased by 87.50% to CNY 0.30 per share[11] - Total profit amounted to CNY 115,126.73 million, reflecting an 88.13% increase from CNY 61,194.94 million, attributed to effective quality improvement measures and favorable market conditions[20] - Total operating revenue for Q1 2021 reached ¥25.30 billion, a 70.8% increase from ¥14.81 billion in Q1 2020[40] - Net profit for Q1 2021 was ¥997.61 million, compared to ¥518.46 million in Q1 2020, representing a 92.5% increase[42] - The company reported a profit margin of 3.94% in Q1 2021, compared to 3.49% in Q1 2020[42] - Comprehensive income for Q1 2021 was ¥999.19 million, compared to ¥521.74 million in Q1 2020, reflecting a growth of 91.5%[42] Assets and Liabilities - Total assets increased by 2.98% to CNY 5,377,365.41 million compared to the end of the previous year[11] - Total assets increased to CNY 53,773,654,136.56 from CNY 52,217,493,400.72, reflecting growth in both current and non-current assets[28] - Total liabilities increased from ¥28,071,552,271.34 to ¥28,628,518,211.98, representing a growth of about 1.98%[30] - Total equity attributable to shareholders rose from ¥23,498,365,150.88 to ¥24,470,729,169.67, an increase of approximately 4.14%[30] - Total equity increased from ¥24,145,941,129.38 to ¥25,145,135,924.58, representing a growth of about 4.15%[30] Cash Flow - Cash flow from operating activities decreased by 2.30% to CNY 182,866.05 million compared to the previous year[11] - The net cash flow from operating activities for Q1 2021 was ¥1,828,660,475.34, compared to ¥1,871,798,104.84 in Q1 2020, showing a slight decrease[47] - Total cash inflow from operating activities was ¥20,551,079,912.51, up from ¥13,241,547,481.28 in the previous year, indicating a significant increase of approximately 55.5%[47] - Cash and cash equivalents decreased to CNY 3,564,691,946.15 from CNY 4,524,632,931.63, indicating a reduction in liquidity[25] - Cash and cash equivalents at the end of Q1 2021 were ¥3,191,169,988.18, down from ¥5,156,114,037.05 at the end of Q1 2020, representing a decrease of approximately 38.1%[50] Operational Efficiency - The company plans to continue enhancing its operational efficiency and exploring market expansion opportunities to sustain growth in the upcoming periods[20] - The company reported a significant increase in operating income, with operating costs rising to CNY 2,392,910.32 million, up 70.89% from CNY 1,400,242.03 million, primarily due to higher procurement costs[20] - Cash paid for purchasing goods and services rose by 83.32% to CNY 1,617,997.96 million, compared to CNY 882,598.92 million, also due to increased business scale[20] Research and Development - Research and development expenses increased by 38.19% to CNY 11,443.72 million, up from CNY 8,281.24 million, due to a rise in the number of R&D projects and increased investment[20] - Research and development expenses in Q1 2021 totaled ¥114.44 million, an increase of 38.3% from ¥82.81 million in Q1 2020[40] Shareholder Information - The number of shareholders reached 45,576 at the end of the reporting period[14] - The largest shareholder, Xinyu Steel Group Co., Ltd., holds 38.17% of the shares[14]