Financial Performance - In Q1 2023, Chongqing Steel reported a net loss of CNY 105,451,906.05, compared to a net profit of CNY 442,999,067.32 in the same period last year[10]. - The company's operating profit for Q1 2023 was -CNY 114,045,817.56, a significant decline from CNY 591,248,783.90 in Q1 2022[10]. - The company reported a total comprehensive loss of CNY 105,451,906.05 for Q1 2023, mirroring the net loss figure[10]. - The net profit for Q1 2023 was a loss of ¥122,269,851.32, compared to a profit of ¥391,769,667.61 in Q1 2022[57]. - The net profit attributable to shareholders for Q1 2023 was a loss of CNY 105,451,906.05, a decrease of 123.80% compared to the same period last year[75]. Revenue and Costs - Total operating revenue for Q1 2023 reached ¥10,470,409,086.22, an increase of 20.1% compared to ¥8,720,405,782.79 in Q1 2022[50]. - The company's operating revenue for Q1 2023 was CNY 10,470,409,086.22, representing a year-on-year increase of 20.07%[75]. - Total operating costs for Q1 2023 were ¥10,607,423,444.43, up from ¥8,195,033,135.10 in Q1 2022, reflecting a year-over-year increase of 29.5%[50]. - The company’s total operating costs for Q1 2023 were ¥10,652,107,907.40, up from ¥8,036,501,504.62 in Q1 2022[56]. Cash Flow - The net cash flow from operating activities for Q1 2023 was -1,027,469,422.83 RMB, a decrease compared to 278,512,003.46 RMB in Q1 2022[17]. - Cash inflow from operating activities totaled 9,592,778,468.97 RMB, up from 7,443,616,534.80 RMB in the same period last year, representing an increase of approximately 29%[17]. - Cash outflow from operating activities increased to 10,620,247,891.80 RMB, compared to 7,165,104,531.34 RMB in Q1 2022, marking a rise of about 48%[17]. - The company reported a net cash decrease of ¥2,080,268,309.47 in Q1 2023, compared to a decrease of ¥2,705,710,867.85 in Q4 2022, indicating a reduction in cash outflow[doc id='37']. Assets and Liabilities - Total assets at the end of Q1 2023 were 38,940,427,129.72 RMB, down 1.08% from 39,364,800,403.02 RMB at the end of the previous year[26]. - The company’s total liabilities decreased to 17,701,418,205.88 RMB from 18,022,882,702.66 RMB, indicating a reduction in financial obligations[34]. - The total liabilities decreased from ¥17,939,261,242.26 in the previous period to ¥17,644,437,223.82[54]. - The total assets as of March 31, 2023, were CNY 38,940,427,129.72, a slight decrease from CNY 39,364,800,403.02 at the end of 2022[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 168,546[22]. - The largest shareholder, Chongqing Changshou Steel Co., Ltd., held 2,096,981,600 shares, representing 23.51% of the total shares[22]. - The equity attributable to shareholders of the listed company decreased by 0.48% to 21,239,008,923.84 RMB from 21,341,917,700.36 RMB at the end of the previous year[26]. Research and Development - Research and development expenses for Q1 2023 were CNY 7,405,741.15, indicating ongoing investment in innovation despite financial losses[10]. - Research and development expenses for Q1 2023 were ¥7,405,741.15, indicating ongoing investment in innovation[56]. Financial Expenses and Tax - Financial expenses for Q1 2023 amounted to CNY 53,747,225.27, down from CNY 77,075,937.02 in Q1 2022[10]. - The company's cash and cash equivalents at the end of the period were ¥1,857,324,578.40, down from ¥3,126,340,652.26 in the previous year[59]. - Chongqing Steel's tax expenses for Q1 2023 were CNY 33,637,814.07, compared to CNY 35,826,337.06 in the previous year[10].

Financial Performance - The net profit of Chongqing Iron & Steel Co., Ltd. for 2022 was -1.038 billion RMB, with retained earnings at -7.651 billion RMB by the end of 2022, leading to a recommendation not to distribute profits for the year [18]. - Basic earnings per share for 2022 was -0.11 RMB, a decrease of 142.31% compared to 0.26 RMB in 2021 [26]. - The company's operating revenue for 2022 was CNY 36,561,531, a decrease of 8.25% compared to CNY 39,849,418 in 2021 [51]. - The net profit attributable to shareholders was CNY -1,019,409, representing a decline of 144.82% from CNY 2,274,395 in the previous year [51]. - The total profit for the company was -1.202 billion RMB, a significant decline of 153.12% year-on-year [64]. - The average selling price of commodity billets was 4,048 RMB per ton, down 12.98% year-on-year, impacting revenue negatively by 5.018 billion RMB [64]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2022 was -1,086,273 thousand RMB, a decrease of 144.28% compared to 2,453,197 thousand RMB in 2021 [200]. Revenue and Sales - Revenue from the steel industry was 36.274 billion RMB, a decrease of 3.18% year-on-year, with a gross margin reduction of 10.55 percentage points [43]. - The revenue from steel products was 33.932 billion RMB, with a year-on-year increase of 2.15%, but the gross margin decreased by 11.37 percentage points [43]. - Revenue from the Southwest region was 27.947 billion RMB, with a year-on-year increase of 13.72%, but the gross margin decreased by 10.80 percentage points [46]. - The company reported a significant decrease in revenue from other regions, down 35.41% year-on-year, totaling 8.327 billion RMB [46]. - The company achieved a sales volume of 8.3832 million tons of commodity billets, representing a year-on-year increase of 17.40% [62]. Cash Flow and Financial Position - The net cash flow from operating activities decreased primarily due to reduced net profit and the settlement of forward letters of credit [40]. - The net cash flow from operating activities was CNY 1,470,087, down 73.85% from CNY 5,621,433 in 2021 [51]. - The cash flow from financing activities decreased due to a reduction in new borrowings during the period [40]. - The total assets at the end of 2022 were CNY 39,364,800, a decrease of 8.45% from CNY 42,995,956 at the end of 2021 [51]. - The net assets attributable to shareholders were CNY 21,341,918, down 4.62% from CNY 22,375,211 in the previous year [51]. - The current ratio decreased by 25.29%, from 0.87 in 2021 to 0.65 in 2022 [200]. - The quick ratio decreased by 27.42%, from 0.62 in 2021 to 0.45 in 2022 [200]. - The asset-liability ratio improved by 2.18 percentage points, from 47.96% in 2021 to 45.78% in 2022 [200]. - The EBITDA to total debt ratio decreased by 83.78%, from 0.37 in 2021 to 0.06 in 2022, indicating a significant reduction in profitability [200]. Production and Operational Metrics - The company achieved record production levels for steel and materials, marking a significant milestone in its high-quality development [55]. - The company achieved a steel production of 7.8735 million tons in 2022, marking a historical high, with the cost of slab steel production dropping to 488 RMB/ton in November, a record low [56]. - The company’s steel rolling output reached 8.33 million tons in 2022, an increase of 17.82% year-on-year, also a historical high [56]. - The company’s comprehensive production capacity reached 12 million tons in 2022, following the completion of production line adjustments and supporting projects [56]. - The company’s production of iron, steel, and commodity billets reached 7.23 million tons, 7.87 million tons, and 8.34 million tons respectively, with year-on-year growth rates of 7.20%, 10.65%, and 16.57% [72]. Research and Development - Research and development expenses increased due to the addition of new projects [40]. - Research and development expenses increased by 109.81% to 24.764 million RMB, indicating a focus on innovation [63]. Environmental and Sustainability Initiatives - The company implemented eight energy-saving and carbon reduction projects, achieving an annual coal savings of 51,700 tons and a cumulative cost reduction of 176 million RMB in 2022 [56]. - The company implemented carbon reduction measures, achieving a reduction of 115,600 tons of CO2 equivalent emissions [99]. - The company completed several environmental projects, including a zero discharge wastewater treatment system and a high-efficiency power generation technology [98]. - The company received the "Chongqing Green Factory" title in 2022, with an annual green development index of 74 points, an increase of 8 points year-on-year [56]. - The company is increasing its investment in Baowu Water Technology Co., leveraging its expertise for zero wastewater discharge and ultra-low emissions, supporting the company's green transformation [180]. Corporate Governance and Management - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules during the reporting period [1]. - The company has maintained a continuous relationship with its accounting firm for five years, ensuring consistent auditing practices [109]. - The company’s audit committee consists of three independent non-executive directors and one non-executive director, ensuring oversight of financial reporting [5]. - The company appointed Meng Wenwang as the new President and Director in November 2022 [169]. - The company’s management team underwent significant changes in 2022, including the appointment and resignation of several key personnel [169][171]. Related Party Transactions - The total amount of products provided by the company to China Baowu Group from April 1, 2021, to December 31, 2023, is capped at RMB 49,741 million [132]. - The total amount of products, materials, and services provided by China Baowu Group to the company during the same period is capped at RMB 87,990 million [132]. - The actual amount of related transactions during the reporting period remained within the annual cap [132].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 7,649,896, a decrease of 15.88% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY -787,733, representing a decline of 531.21% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -833,404, down 558.09% from the previous year[5]. - The basic earnings per share for the quarter was CNY -0.09, a decrease of 550.00% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 was RMB 25,666,072, a decrease of 19.1% compared to RMB 31,764,218 in the same period of 2021[29]. - The company reported a net loss of RMB 6,722,441, compared to a net loss of RMB 6,451,124 in the previous year[26]. - The company reported a net profit of -271,317 thousand RMB for the current period, compared to a net profit of 2,879,721 thousand RMB in the same period last year, indicating a significant decline[32]. - Operating profit for the current period was -231,178 thousand RMB, while the previous period reported an operating profit of 3,046,277 thousand RMB, reflecting a substantial decrease[32]. - The net profit for the first three quarters of 2022 was a loss of CNY 306,348, compared to a profit of CNY 2,733,131 in the same period of 2021[54]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 39,645,837, a decrease of 7.79% from the end of the previous year[9]. - Total current assets decreased to RMB 9,204,507, down 30.4% from RMB 13,350,662 at the end of 2021[23]. - Total non-current assets increased to RMB 30,441,330, up 2.7% from RMB 29,645,294 at the end of 2021[23]. - Total assets decreased to RMB 39,645,837, down 7.8% from RMB 42,995,956 at the end of 2021[28]. - Total liabilities decreased to RMB 17,544,996, down 14.5% from RMB 20,620,747 at the end of 2021[26]. - The total liabilities decreased to CNY 17,445,489 from CNY 20,407,592, a reduction of 14.4%[46]. - The company's long-term debt decreased to RMB 1,546,800 from RMB 1,792,800, a reduction of 13.7%[26]. - The company's short-term borrowings decreased to CNY 1,606,704 from CNY 2,629,734, a decline of 38.8%[46]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,101,822, down 44.66% compared to the same period last year[5]. - Cash flow from operating activities generated a net cash inflow of 1,101,822 thousand RMB, down from 1,991,154 thousand RMB in the previous year[39]. - Cash flow from operating activities generated a net amount of CNY 867,510, down from CNY 1,505,138 in the previous year[56]. - The company's cash inflow from operating activities totaled CNY 27,925,273, compared to CNY 29,385,363 in the previous year, indicating a decrease of 5.0%[56]. - The net cash flow from investment activities was -2,138,542, a decrease from -3,743,901[58]. - The total cash inflow from financing activities was 2,433,694, down from 5,740,457[58]. - The net cash flow from financing activities was -1,631,881, compared to 1,622,074 in the previous period[58]. - The cash outflow from financing activities totaled 4,065,575, slightly down from 4,118,383[58]. Shareholder Information - The company reported a total of 178,939 common shareholders at the end of the reporting period[14]. - The largest shareholder, Chongqing Changshou Steel Co., Ltd., held 23.51% of the shares[14]. Research and Development - Research and development expenses increased to RMB 196,029, up 67% from RMB 117,372 in the same period of 2021[29]. - Research and development expenses increased to CNY 196,029, up from CNY 117,373, representing a growth of 67.0%[48]. Inventory and Sales - The company experienced a significant decline in sales volume and prices of its products, coupled with rising raw material costs, impacting profitability[10]. - The company experienced a decrease in sales revenue from 29,286,413 thousand RMB to 27,788,389 thousand RMB year-over-year[36]. - The company's inventory decreased from 3,815,186 thousand RMB to 3,602,413 thousand RMB year-over-year, indicating a reduction in stock levels[41].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 18,016,176, a decrease of 20.53% compared to CNY 22,669,939 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 516,416, down 80.85% from CNY 2,697,041 in the previous year[23]. - The net cash flow from operating activities was CNY 936,511, a decline of 39.44% compared to CNY 1,546,388 in the same period last year[23]. - The total assets at the end of the reporting period were CNY 39,856,278, a decrease of 7.30% from CNY 42,995,956 at the end of the previous year[23]. - The total profit for the first half of 2022 was RMB 636 million, a decrease of RMB 2.061 billion year-on-year[37]. - The company reported a net profit of 546,619 thousand RMB for the current period, a decrease of 80.72% compared to the same period last year[148]. - The current ratio decreased by 17.24% to 0.72, while the quick ratio dropped by 37.10% to 0.39 due to an increase in current liabilities[148]. - The debt-to-asset ratio improved by 5.41 percentage points to 42.55% compared to the end of the previous year[148]. Production and Operations - In the first half of 2022, the company's production of iron, steel, and finished products decreased by 20.66%, 23.55%, and 21.57% respectively, with total production of 3.698 million tons, 3.846 million tons, and 3.809 million tons[33]. - The company achieved a significant reduction in costs, with improvements in the cost rankings for coking, sintering, and hot rolling processes compared to the previous year[33]. - The average hot charging rate for the hot rolling line reached 78.78% in the first quarter of 2022, marking a significant operational efficiency improvement[33]. - The company is positioned as a major steel producer in the southwestern region of China, benefiting from favorable geographical conditions and strong local demand[32]. Market and Industry Trends - The steel industry experienced a decline in profitability, with total profits in the black metal smelting and rolling processing industry dropping by 68.7% year-on-year, totaling 82.6 billion yuan, while losses for loss-making enterprises increased by 442.4% year-on-year to 41 billion yuan[28]. - As of June 2022, China's crude steel production was 527 million tons, a year-on-year decrease of 6.5%, with June production at 90.73 million tons, down 3.3% month-on-month[28]. - The gross profit margin for the steel industry was 6.82%, down 8.86% year-on-year[40]. Research and Development - Research and development expenses increased by 38.68% to RMB 104,832 thousand due to an increase in R&D projects[36]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[156]. Environmental and Social Responsibility - The company reported that total pollutant emissions in the first half of 2022 did not exceed the permitted total, with no environmental administrative penalties incurred during the reporting period[72]. - The total emission of particulate matter was 155.4 tons, with a concentration below the ironmaking industry air pollutant emission standard[72]. - The company has achieved a wastewater zero discharge project with a new capacity of 10,000 cubic meters per day, meeting COD and ammonia nitrogen discharge standards[76]. - The company has actively participated in social responsibility initiatives, donating RMB 160,000 to various charitable projects[86]. Corporate Governance and Compliance - The company’s audit committee consists of three independent non-executive directors and one non-executive director, ensuring compliance with corporate governance standards[127]. - The company has confirmed compliance with the Hong Kong Stock Exchange's corporate governance code during the reporting period[127]. - The company has not reported any overdue guarantees or liabilities that would require joint liability during the reporting period[124]. Strategic Partnerships and Investments - The company signed a strategic cooperation agreement with Anshan Steel in December 2021, launching a "network steel mill" operational model, which was officially unveiled in February 2022[33]. - The company plans to establish a joint venture with Baosteel Resources Holdings (Shanghai) Co., Ltd. with a registered capital of 180 million RMB, where the company will hold a 19% stake[127]. - The company has invested CNY 34.2 million for a 19% stake in Baowu Jingcheng (Zhoushan) Mining Technology Co., Ltd.[52]. Financial Management - The company reduced interest-bearing liabilities from RMB 10.49 billion at the beginning of the year to RMB 6.91 billion, a decrease of 34%[36]. - The company achieved a net cash outflow from investing activities of RMB 1,841,168 thousand in the first half of 2022, compared to a net outflow of RMB 1,864,545 thousand in the same period of 2021[167]. - The company has not declared any interim dividends for the six months ending June 30, 2022, due to cumulative undistributed profits remaining negative[127].

2022 年第一季度报告 单位：千元 币种：人民币 证券代码：601005 证券简称：重庆钢铁 重庆钢铁股份有限公司 2022 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个别及连带责任。 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报表 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 | --- | --- | --- | |-----------------------------------------------|-----------|-------------------------------------| | 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 | 8,720,406 | -12.61 | | ...

Financial Performance - In 2021, the company's operating revenue reached CNY 39.85 billion, a 62.72% increase compared to CNY 24.49 billion in 2020[22] - The net profit attributable to shareholders was CNY 2.27 billion, representing a significant increase of 256.22% from CNY 638.48 million in the previous year[22] - The net cash flow from operating activities was CNY 5.62 billion, up 320.21% from CNY 1.34 billion in 2020[22] - The total assets of the company at the end of 2021 were CNY 42.99 billion, a 7.62% increase from CNY 39.95 billion at the end of 2020[22] - The net assets attributable to shareholders increased to CNY 22.38 billion, reflecting an 11.66% growth from CNY 20.04 billion in 2020[22] - The company reported a net profit excluding non-recurring gains and losses of CNY 2.45 billion, a 399.55% increase from CNY 491.08 million in 2020[22] - Basic earnings per share increased by 271.43% to CNY 0.26 compared to CNY 0.07 in the previous year[25] - The weighted average return on equity rose by 7.49 percentage points to 10.73% from 3.24% in the previous year[25] - The total profit reached 22.63 billion yuan, marking a significant year-on-year growth of 262.42%[45] - The company reported a total of 5,698,000 shares allocated to employees under the employee stock ownership plan, with a total value of approximately 1,373.93 million[143] Environmental Commitment - The company achieved a 21% reduction in dust emissions compared to 2020, reflecting its commitment to environmental management[35] - The company is committed to high-quality green manufacturing and aims to become a leader in the steel industry in Southwest China[40] - The company is committed to reducing comprehensive energy consumption per ton of steel and has developed a "carbon peak, carbon neutrality" plan[97] - Sustainability initiatives are being prioritized, with a goal to reduce carbon emissions by 30% over the next five years[152] Production and Operations - The company produced 711.55 million tons of steel, a year-on-year increase of 5.59%, achieving the highest production level in history[45] - The cumulative crude steel production for the year was 1.033 billion tons, a decrease of approximately 3.0% compared to the previous year[39] - The steel export volume for the year was 66.9 million tons, reflecting a year-on-year increase of 24.6%[39] - The company maintained a high furnace dry coke ratio of 329 kg/t.Fe, setting a historical record in March 2021[35] - The company plans to achieve pig iron production of 722,000 tons and steel production of 712,000 tons in 2022, with a revenue target of 42 billion yuan[94] Research and Development - A total of 275 patents were applied for in 2021, with 105 being invention patents, marking a fourfold increase in patent applications compared to the previous year[35] - Research and development expenses amounted to 1,256,341 thousand RMB, representing 3.15% of total revenue[64] - The company is investing 2 billion yuan in R&D for new technologies aimed at improving production efficiency[152] - The number of R&D personnel is 866, accounting for 12.86% of the total workforce[64] Corporate Governance - The company maintained strict compliance with the Company Law and Articles of Association, ensuring equal rights for all shareholders, especially minority shareholders[102] - The board of directors consisted of 9 members, including 3 independent directors and 2 independent directors with accounting expertise[102] - The company has established a robust internal control system, conducting regular risk assessments and implementing a mechanism for managing key risks[102] - The company has achieved a high level of corporate governance, adhering to the principles outlined in the corporate governance code[106] Strategic Plans - The company plans to continue expanding its market presence and investing in fixed assets, which increased cash outflow from investment activities to CNY -5,536,088 thousand[46] - The company plans to continue its focus on supply-side structural reforms, with an emphasis on capacity and carbon emission controls in line with national policies[92] - The company is focused on enhancing its management and operational capabilities through experienced leadership in production and innovation[144] - The company is actively pursuing new strategies for growth, including potential market expansions and technological advancements in its operations[156] Financial Management - The company has implemented a comprehensive information disclosure system, ensuring timely and accurate communication with investors[102] - The total remuneration for directors, supervisors, and senior management in the reporting period amounted to RMB 13.7393 million (pre-tax)[167] - The company emphasizes performance-based evaluation for senior management, linking compensation to annual performance indicators[167] - The company has implemented a new performance incentive framework for senior management for the period 2021-2023[167] Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[149] - Market expansion plans include entering two new international markets, targeting a 25% increase in export sales[152] - The company is considering strategic acquisitions to enhance its market position, with a budget of 3 billion yuan allocated for potential deals[152] Employee Engagement - The employee training program in 2021 involved 48,764 participants, with an average training duration of 76.2 hours per person, representing a significant increase compared to 2020[196] - The company’s employee compensation structure includes basic salary, allowances, and bonuses, determined based on economic performance and assessment results[192] - The company has implemented a minimum wage policy, ensuring employee compensation meets or exceeds local government standards[192]

1 证券代码：601005 股票简称：重庆钢铁 公告编号：2021-073 关于参加投资者网上集体接待日活动的公告 Chongqing Iron & Steel Company Limited （在中华人民共和国注册成立的股份有限公司） 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。 为进一步加强与投资者之间的沟通，增进投资者对公司的了 解，重庆钢铁股份有限公司（简称"公司"）将参加由重庆上市公 司协会联合上证所信息网络有限公司、深圳全景网络有限公司举办 的"重庆辖区上市公司 2021 年投资者网上集体接待日活动"。 本次集体接待日活动将于 2021 年 11 月 25 日 15:00-17:00 举行， 投资者可以登录上证路演中心网站（http://roadshow.sseinfo.com/）参 与本次活动。 届时，公司高管人员将参加本次活动，通过网络在线交流方 式，就公司治理、发展战略、经营状况及可持续发展等投资者所关 心的问题，与投资者进行"一对多"形式的在线沟通交流。欢迎广 大投资者踊跃参与。 特此公告。 重庆钢 ...

Financial Performance - The company's operating revenue for Q3 2021 was RMB 9,094,279, an increase of 29.95% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was RMB 182,680, a decrease of 26.63% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 181,930, down 26.05% from the previous year[5] - The total operating revenue for the first three quarters of 2021 reached CNY 31,764,218 thousand, a significant increase from CNY 17,925,894 thousand in the same period of 2020, representing an increase of approximately 77.5%[25] - The company's net profit attributable to shareholders for the first three quarters of 2021 was CNY -5,845,796 thousand, an improvement from CNY -8,725,517 thousand in the same period of 2020[25] - The company's operating profit for the period was 3,046,277 thousand RMB, compared to 369,664 thousand RMB in the previous period, indicating significant growth[28] - The total profit amounted to 2,879,104 thousand RMB, up from 370,447 thousand RMB year-over-year[28] - Net profit attributable to shareholders reached 2,879,721 thousand RMB, compared to 370,332 thousand RMB in the same period last year, reflecting a substantial increase[28] - The company's total comprehensive income for the period was 2,879,721 thousand RMB, reflecting strong performance compared to 370,332 thousand RMB in the prior year[31] Assets and Liabilities - The total assets at the end of the reporting period were RMB 41,614,315, representing a 4.17% increase from the end of the previous year[7] - The total assets as of September 30, 2021, amounted to CNY 41,614,315 thousand, up from CNY 39,949,856 thousand at the end of 2020, indicating a growth of approximately 4.2%[25] - The company's cash and cash equivalents decreased to CNY 4,426,763 thousand from CNY 4,943,231 thousand at the end of 2020, a decline of about 10.4%[20] - Inventory levels decreased to CNY 4,381,077 thousand from CNY 5,054,908 thousand, representing a reduction of approximately 13.3%[20] - The company's short-term borrowings increased significantly to CNY 2,432,197 thousand from CNY 700,788 thousand, marking an increase of about 247.5%[23] - The total liabilities decreased slightly to CNY 18,623,309 thousand from CNY 19,911,389 thousand, a decrease of approximately 6.5%[23] - The company's fixed assets increased to CNY 20,189,207 thousand from CNY 16,630,788 thousand, reflecting a growth of about 21.0%[20] Cash Flow - The company reported a significant increase in operating cash flow for the year-to-date, up 310.05% to RMB 1,991,154[5] - Cash flow from operating activities generated a net amount of 1,991,154 thousand RMB, a significant increase from 485,587 thousand RMB in the prior year[34] - Cash inflow from financing activities totaled 5,740,457 thousand RMB, compared to 3,093,050 thousand RMB in the previous period[36] - The company reported cash and cash equivalents at the end of the period amounting to 4,082,939 thousand RMB, down from 3,041,378 thousand RMB year-over-year[36] - The company experienced a net cash outflow from investing activities of 3,751,101 thousand RMB, compared to a net outflow of 669,506 thousand RMB in the previous year[34] Costs and Expenses - The total operating costs for the first three quarters of 2021 were CNY 28,758,515 thousand, compared to CNY 17,578,660 thousand in 2020, reflecting an increase of about 63.5%[25] - The increase in operating revenue was primarily driven by higher sales volume and price increases of commodity billets[9] - The net profit increase year-to-date was attributed to the same factors, along with cost reduction efforts[9] - The company reported research and development expenses of CNY 117,372 thousand for the first three quarters of 2021, indicating ongoing investment in innovation[25] Earnings Per Share - The basic earnings per share for Q3 2021 was RMB 0.020, a decrease of 28.57% compared to the same period last year[7] - Basic and diluted earnings per share were both 0.323 RMB, compared to 0.042 RMB in the previous year[31] - The weighted average return on equity was 0.80%, a decrease of 0.47 percentage points year-on-year[7]

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 22,669,939 thousand, a 107.46% increase compared to CNY 10,927,367 thousand in the same period last year[20]. - Net profit attributable to shareholders of the listed company was CNY 2,697,041 thousand, representing a significant increase of 2,122.44% from CNY 121,355 thousand in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 2,834,482 thousand, up 2,529.56% from CNY 107,793 thousand year-on-year[20]. - The net cash flow from operating activities was CNY 1,546,388 thousand, an increase of 1,772.46% compared to CNY 82,586 thousand in the same period last year[20]. - The total profit for the first half of 2021 was CNY 2,697,000, representing a 21-fold increase year-on-year[33]. - The total comprehensive income for the first half of 2021 was RMB 2,697,041 thousand, a significant increase from RMB 121,355 thousand in the same period of 2020, indicating strong financial performance[158]. - The company's operating profit for the first half of 2021 was RMB 2,863,513 thousand, a substantial rise from RMB 121,489 thousand in the same period of 2020, representing an increase of around 2,265%[158]. Earnings and Profitability - Basic earnings per share for the first half of 2021 were CNY 0.30, a 2,900.00% increase from CNY 0.01 in the same period last year[20]. - The company reported a significant increase in diluted earnings per share to CNY 0.30, compared to CNY 0.01 in the same period last year[20]. - The weighted average return on net assets increased to 12.61%, up 11.99 percentage points from 0.62% in the previous year[20]. - The gross profit margin for the steel industry was 15.68%, reflecting an increase of 10.54% year-on-year[37]. - The company's sales profit margin reached 6.56%, up 3.4 percentage points compared to the previous year[27]. Production and Sales - In the first half of 2021, the company achieved production volumes of 4.66 million tons of iron, 5.03 million tons of steel, and 4.86 million tons of finished products, representing year-on-year increases of 62.76%, 53.36%, and 54.68% respectively[29]. - The average selling price of commodity billets increased by 36.05% to CNY 4,555 per ton, contributing an additional CNY 48,540,000 in sales revenue[33]. - The sales volume of commodity billets reached 4,754,200 tons, a year-on-year increase of 51.55%, adding CNY 63,000,000 to sales revenue[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 45,151,053 thousand, a 13.02% increase from CNY 39,949,856 thousand at the end of the previous year[20]. - The total liabilities as of June 30, 2021, amounted to RMB 22,408,046 thousand, up from RMB 19,911,389 thousand at the end of 2020, reflecting an increase of about 12.5%[156]. - The total shareholders' equity as of June 30, 2021, was RMB 22,743,007 thousand, compared to RMB 20,038,467 thousand at the end of 2020, marking an increase of approximately 13.5%[156]. - The company's total liabilities decreased slightly to 49.63% of total assets, down 0.21 percentage points from the previous year[150]. Cash Flow - Operating cash inflow for the first half of 2021 reached RMB 21,266,062 thousand, a significant increase of 125% compared to RMB 9,437,183 thousand in the same period of 2020[167]. - Cash outflow from investing activities was RMB 1,864,855 thousand, significantly higher than RMB 188,638 thousand in the first half of 2020[169]. - The company raised RMB 3,860,457 thousand through financing activities in the first half of 2021, compared to RMB 2,004,500 thousand in the same period of 2020[169]. Research and Development - Research and development expenses amounted to CNY 755,910, with direct investment in product sales totaling CNY 546,000,000[32]. - Research and development expenses for the first half of 2021 were RMB 75,591 thousand, indicating the company's commitment to innovation and technology development[158]. Environmental and Social Responsibility - The company reported a total pollutant discharge of 5074.4 tons for particulate matter and 7.47 tons for ammonia nitrogen, with a total allowable discharge of 11635 tons for particulate matter and 47.2 tons for ammonia nitrogen[71]. - The company has established a comprehensive environmental risk prevention system and has developed an emergency response plan for environmental incidents, valid until December 16, 2023[76]. - The company donated a total of RMB 142.44 million to support rural revitalization and poverty alleviation projects, specifically funding the construction of 6 fitness paths in Tianxing Village, Chongqing[83]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations[126]. - The audit committee consists of three independent non-executive directors and one non-executive director, with the chairman being Mr. Zhang Jinru as of August 12, 2021[126]. - The company has no significant litigation or arbitration matters during the reporting period[102]. Employee Stock Ownership Plans - The company has repurchased a total of 81,500,000 A-shares, accounting for approximately 0.91% of the total share capital, with a total payment of RMB 84,333,550.00 (excluding transaction fees) [68]. - The company’s employee stock ownership plans are designed to align the interests of core employees and shareholders, promoting long-term stability and value enhancement [65]. - The company completed the first phase of the employee stock ownership plan, purchasing 24,791,400 shares, which will be locked for a period from May 15, 2019, to May 14, 2020 [65].