Financial Performance - Operating revenue for the third quarter was CNY 7,649,896, a decrease of 15.88% compared to the same period last year[3]. - Net profit attributable to shareholders was CNY -787,733, representing a decline of 531.21% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -833,404, down 558.09% from the previous year[3]. - Basic and diluted earnings per share were both CNY -0.09, a decrease of 550.00% year-on-year[3]. - Net profit for the first three quarters of 2022 was a loss of CNY 271,317, compared to a net profit of CNY 2,879,721 in the same period of 2021[20]. - The company reported a total comprehensive income attributable to the parent company of -271,317 for the first three quarters of 2022, compared to 2,879,721 in the same period of 2021[22]. - The company reported a net loss of CNY 306,348 for the first three quarters of 2022, compared to a net profit of CNY 2,733,131 in the same period of 2021[36]. - Total comprehensive income amounted to -306,348 thousand RMB, compared to 2,733,131 thousand RMB in the previous year[39]. Cash Flow - Cash flow from operating activities showed a net amount of CNY 1,101,822, a decrease of 44.66% compared to the previous year[3]. - Cash inflow from operating activities was 27,925,273 thousand RMB, a decrease of 4.9% from 29,385,363 thousand RMB in the previous year[41]. - Net cash flow from operating activities decreased to 867,510 thousand RMB, down 42.4% from 1,505,138 thousand RMB in the previous year[41]. - Cash outflow from investment activities was CNY 2,767,149, down 26.3% from CNY 3,751,411 in 2021[25]. - Net cash flow from investing activities was -2,138,542 thousand RMB, an improvement from -3,743,901 thousand RMB in the previous year[42]. - Cash inflow from financing activities was 2,433,694 thousand RMB, down 57.6% from 5,740,457 thousand RMB in the previous year[43]. - Net cash flow from financing activities was negative CNY 1,866,161 for the first three quarters of 2022, compared to a positive CNY 1,135,192 in the same period of 2021[27]. - The net increase in cash and cash equivalents was -2,885,196 thousand RMB, worsening from -607,094 thousand RMB in the previous year[44]. - The ending balance of cash and cash equivalents was 2,946,918 thousand RMB, down from 4,082,367 thousand RMB in the previous year[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 39,645,837, down 7.79% from the end of the previous year[3]. - Current assets totaled RMB 9,204,507 thousand, down from RMB 13,350,662 thousand, indicating a decrease of about 30.4%[13][16]. - Total liabilities decreased to RMB 17,544,996 thousand from RMB 20,620,747 thousand, representing a reduction of approximately 14.5%[17]. - The company’s total assets decreased to CNY 39,343,006 as of September 30, 2022, from CNY 42,616,495 at the end of 2021[32]. - Total current assets decreased to CNY 9,370,179 as of September 30, 2022, down from CNY 13,544,575 at the end of 2021[28]. - Total liabilities decreased to CNY 17,445,489 as of September 30, 2022, compared to CNY 20,407,592 at the end of 2021[31]. - Current liabilities totaled RMB 13,471,562 thousand, down from RMB 15,411,421 thousand, indicating a decrease of approximately 12.6%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 178,939[6]. - The largest shareholder, Chongqing Changshou Iron & Steel Co., Ltd., holds 23.51% of the shares[7]. Research and Development - Research and development expenses increased to CNY 196,029 in the first three quarters of 2022, up 67.0% from CNY 117,372 in the same period of 2021[18]. - Research and development expenses increased to CNY 196,029 in the first three quarters of 2022, up from CNY 117,373 in the same period of 2021, reflecting a focus on innovation[34]. Future Outlook - The company plans to continue focusing on market expansion and new product development to improve future performance[34].

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 18,016,176 thousand, a decrease of 20.53% compared to RMB 22,669,939 thousand in the same period last year[14]. - Net profit attributable to shareholders of the listed company was RMB 516,416 thousand, down 80.85% from RMB 2,697,041 thousand year-on-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 546,619 thousand, a decrease of 80.72% compared to RMB 2,834,482 thousand in the previous year[14]. - The net cash flow from operating activities was RMB 936,511 thousand, down 39.44% from RMB 1,546,388 thousand in the same period last year[14]. - Basic earnings per share decreased by 80.00% to CNY 0.06 compared to CNY 0.30 in the same period last year[16]. - Diluted earnings per share also decreased by 80.00% to CNY 0.06 from CNY 0.30 year-on-year[16]. - The weighted average return on net assets dropped by 10.33 percentage points to 2.28% from 12.61% in the previous year[16]. - The total profit of the black metal smelting and rolling processing industry decreased by 68.7% to CNY 82.6 billion in the first half of 2022[19]. - The total profit for the group was RMB 636 million, a decrease of RMB 2.061 billion year-on-year, primarily due to a decline in sales volume and prices[29]. - The company's operating revenue for the period was RMB 18.02 billion, a decrease of 20.53% compared to RMB 22.67 billion in the same period last year[27]. Production and Sales - In the first half of 2022, the company produced 3.698 million tons of iron, 3.846 million tons of steel, and 3.809 million tons of finished products, representing year-on-year decreases of 20.66%, 23.55%, and 21.57% respectively[24]. - Steel production in China decreased by 6.5% year-on-year, with a total output of 527 million tons in the first half of 2022[19]. - The average selling price of finished products was RMB 4,522 per ton, down 0.72% year-on-year, contributing to a revenue loss of RMB 376 million[29]. - Total steel sales volume in the first half of 2022 was 374.58 million tons, down 21.21% from 475.42 million tons in the same period of 2021, leading to a revenue decrease of RMB 4,343,719,000[34]. - The revenue from steel products was RMB 16,936,653,000, reflecting a decline of 21.79% year-on-year, with a gross profit margin of 7.15%, down 8.85%[37]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 39,856,278 thousand, a decrease of 7.30% from RMB 42,995,956 thousand at the end of the previous year[15]. - Total liabilities decreased from 20,620,747 thousand RMB to 16,960,277 thousand RMB[158]. - The company's total equity increased from 22,375,209 thousand RMB to 22,896,001 thousand RMB[159]. - Cash and cash equivalents at the end of the reporting period were RMB 2,880,483,000, representing 7.22% of total assets, a decrease of 55.07% compared to the previous year[41]. - Inventory increased to RMB 4,421,481,000, accounting for 11.08% of total assets, reflecting a 15.14% increase year-on-year[41]. Strategic Initiatives - The company aims to enhance competitiveness and innovation through strategic initiatives aligned with the "Belt and Road" initiative[20]. - The company plans to enhance its market expansion strategies and invest in new technologies to improve operational efficiency and product offerings[36]. - The company has initiated a strategic cooperation agreement with Sichuan Yaan Anshan Steel Co., marking a significant step in its "network steel mill" operational model[24]. - The company plans to achieve an iron output of 7.22 million tons, steel output of 7.12 million tons, and revenue of RMB 42 billion for the year 2022[25]. Environmental Compliance - The company has implemented a zero discharge wastewater treatment system, increasing its deep treatment capacity by 10,000 cubic meters per day[73]. - The company has completed the construction of projects for desulfurization and denitrification of sintering flue gas, achieving ultra-low emissions standards[73]. - The total pollutant emissions for the first half of 2022 did not exceed the permitted total indicators, with no environmental administrative penalties reported[68]. - The company has strengthened environmental protection measures, ensuring compliance with pollution discharge standards[72]. - The company is committed to reducing carbon emissions through various energy-saving projects, including heat recovery systems and energy-efficient upgrades[79]. Corporate Governance - The company guarantees strict compliance with laws, regulations, and its articles of association, ensuring no improper benefits are sought at the expense of other shareholders[87]. - The company has appointed Meng Wenwang as the new Senior Vice President following the resignation of Yao Xiaohu due to work adjustments[58]. - The company adhered to the corporate governance code as per the Hong Kong Stock Exchange listing rules, with no deviations reported[126]. - The audit committee, consisting of three independent non-executive directors and one non-executive director, reviewed the unaudited interim financial report before board approval[130]. Related Party Transactions - The total amount for products provided by the company to China Baowu from April 1, 2021, to December 31, 2023, is capped at RMB 49,741 million[102]. - The total amount for products, materials, and services provided by China Baowu to the company during the same period is capped at RMB 87,990 million[102]. - The actual related transaction amount for the reporting period was within the annual cap, with procurement of goods and services totaling RMB 5,173,241 thousand and sales of goods totaling RMB 3,212,373 thousand[106]. - The company has established pricing principles based on market pricing for its related party transactions[110]. - The company has committed to compensating any losses incurred by Chongqing Steel due to non-fulfillment of commitments made by the controlling parties[97].

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].

Financial Performance - The net profit attributable to shareholders for the year 2021 was CNY 2.173 billion, while the undistributed profits at the end of 2021 were CNY -6.613 billion, leading to a decision not to distribute profits for the year[2]. - The company's operating revenue for 2021 reached CNY 39,849,418 thousand, representing a 62.72% increase compared to CNY 24,489,935 thousand in 2020[18]. - Net profit attributable to shareholders of the listed company was CNY 2,274,393 thousand, a significant increase of 256.22% from CNY 638,479 thousand in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 2,453,195 thousand, up 399.55% from CNY 491,082 thousand in 2020[18]. - The net cash flow from operating activities was CNY 5,621,431 thousand, a 320.21% increase from CNY 1,337,765 thousand in 2020[18]. - The company's total assets at the end of 2021 were CNY 42,995,956 thousand, reflecting a 7.62% increase from CNY 39,949,856 thousand at the end of 2020[18]. - The net assets attributable to shareholders of the listed company increased to CNY 22,375,209 thousand, an 11.66% rise from CNY 20,038,467 thousand in 2020[18]. - Basic earnings per share for 2021 were CNY 0.26, a 271.43% increase compared to CNY 0.07 in 2020[20]. - The weighted average return on net assets increased to 10.73%, up 7.49 percentage points from 3.24% in 2020[20]. - The total profit reached RMB 2.26 billion, marking a significant year-on-year growth of 262.42%[54]. Corporate Governance - The company received a standard unqualified audit report from Ernst & Young Hua Ming Accounting Firm, ensuring the accuracy and completeness of the financial report[3]. - The board of directors confirmed that all members attended the board meeting, ensuring collective responsibility for the report's accuracy[3]. - The company has maintained compliance with decision-making procedures regarding external guarantees, indicating sound corporate governance practices[4]. - The company has established a comprehensive internal control system, conducting risk assessments and analyses to identify and mitigate potential risks[149]. - The company adheres to the principles of good corporate governance, enhancing operational transparency and accountability to ensure steady development and increase shareholder value[143]. - The board of directors consists of 9 members, including 3 independent directors and 2 independent directors with accounting expertise[147]. - The company has established a diversity policy for its board, considering various factors such as skills, industry experience, and gender when appointing directors[169]. - The company has implemented a strict insider information management system, with no incidents of insider information leakage or insider trading reported during the reporting period[151]. - The board of directors has established four specialized committees to enhance governance and decision-making processes, ensuring compliance with relevant laws and regulations[147]. Environmental and Social Responsibility - The management emphasized a focus on cost reduction and efficiency improvement, achieving record profits and establishing a new phase of green, low-carbon, high-quality development[31]. - In 2021, the company achieved a 21% reduction in dust emissions compared to 2020, with all pollutant discharge meeting standards[32]. - The company is committed to high-quality green manufacturing and aims to become a leader in the steel industry in Southwest China[46]. - The company is focusing on green manufacturing and smart manufacturing to enhance its competitive position in the southwestern steel market[129]. - The company plans to implement a comprehensive strategy for carbon peak and carbon neutrality, including a detailed "6C" carbon reduction plan[136]. - The company is committed to enhancing its energy efficiency and reducing carbon emissions in response to stricter environmental regulations[136]. - The company emphasizes the importance of environmental, social, and governance (ESG) work as part of its strategic development[176]. Market and Production - The production volume for iron, steel, and finished products was 6.74 million tons, 7.12 million tons, and 7.16 million tons respectively, with year-on-year growth of 5.74% and 5.59%[54]. - The average selling price of finished products was RMB 4,652 per ton, which increased by 34.72% compared to the previous year[60]. - The company has a production capacity exceeding 10 million tons of steel, maintaining strong competitiveness in industry metrics[51]. - The company improved its profit per ton of steel ranking from 60th to 44th among 86 steel enterprises in China, indicating significant cost management progress[35]. - The company reported a significant decline in sales volume for rebar, dropping by 97.02% to 1.324 million tons in 2021, resulting in a loss of revenue of RMB 1,421,227 thousand[65]. - The sales volume of steel products increased to 714.05 million tons in 2021, up 4.61% from 682.56 million tons in 2020, contributing an additional revenue of RMB 1,051,942 thousand[65]. Research and Development - The total number of patent applications reached 275 in 2021, with 105 being invention patents, marking a fourfold increase in patent acceptance compared to the previous year[36]. - Research and development expenses totaled 1,256,341 thousand yuan, constituting 3.15% of operating revenue[85]. - The number of R&D personnel was 866, accounting for 12.86% of the total workforce[87]. Financial Position and Investments - The company reported a significant increase in cash flow from investment activities, with a net outflow of -5,536,088 thousand yuan due to increased fixed asset investments[90]. - The company's cash and cash equivalents increased by 1,134,148 thousand yuan, compared to 3,102,767 thousand yuan in the previous year[90]. - Fixed assets reached 21,891,662 thousand yuan, which is 50.92% of total assets, up from 41.63% in the previous year[94]. - Long-term borrowings increased significantly by 298.40% to RMB 1,792,800 thousand, representing 4.17% of total assets[96]. - The company completed equity investment projects totaling RMB 209,620 thousand, with actual contributions of RMB 126,420 thousand, including a 72% stake acquisition in Xinguang Changlong for RMB 126,420 thousand[113]. Shareholder Rights and Transparency - The company allows shareholders holding more than 10% of shares to request the board to convene an extraordinary general meeting within 10 days of the request[187]. - The board must respond to the request for an extraordinary general meeting within 10 days, and if agreed, notify within 5 days[188]. - Shareholders have the right to access the company's articles of association and other relevant information after paying reasonable costs[190]. - The company is committed to maintaining transparency in shareholder rights and information access procedures[192]. Future Outlook - For 2022, the company aims for a pig iron production of 7.22 million tons, steel production of 7.12 million tons, and revenue of 42 billion CNY[133]. - The company faces risks from fluctuating raw material prices, particularly for imported iron ore, which could impact profitability[138]. - The company did not provide any future performance guidance or outlook in the current report[198].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 8,720,406, a decrease of 12.61% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 442,999, reflecting a decline of 59.45% year-on-year[6]. - The basic earnings per share (EPS) was CNY 0.05, down 58.33% from the previous year[6]. - The total comprehensive income attributable to the parent company for Q1 2022 was CNY 442,999,000, a decrease from CNY 1,092,412,000 in Q1 2021, representing a decline of approximately 59.5%[34]. - Net profit for Q1 2022 was 442,999 thousand RMB, a significant decline from 1,092,412 thousand RMB in Q1 2021, representing a decrease of 59.5%[30]. - The net profit for Q1 2022 was CNY 391,770 thousand, down from CNY 1,017,165 thousand in Q1 2021, representing a decline of 61.54%[48]. - The basic and diluted earnings per share for Q1 2022 were both CNY 0.05, down from CNY 0.12 in Q1 2021, a decrease of 58.3%[34]. - The company reported a basic and diluted earnings per share of CNY 0.04 for Q1 2022, down from CNY 0.11 in Q1 2021[50]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 42,362,462, a decrease of 1.47% from the end of the previous year[9]. - The total assets amounted to 42,362,462 thousand RMB, slightly down from 42,995,956 thousand RMB year-over-year[28]. - The total assets of the company as of Q1 2022 were CNY 42,014,537,000, down from CNY 42,616,495,000 in Q1 2021, reflecting a decrease of approximately 1.4%[42]. - Current liabilities totaled 15,654,581 thousand RMB, an increase from 15,411,421 thousand RMB in the previous year[26]. - Non-current liabilities decreased to 3,885,234 thousand RMB, down from 5,209,326 thousand RMB in the previous year, indicating a reduction of 25.4%[26]. - The total liabilities of the company as of Q1 2022 were CNY 15,531,551,000, compared to CNY 15,205,044,000 in Q1 2021, indicating an increase of approximately 2.1%[42]. - The total liabilities decreased to CNY 19,410,132 thousand in Q1 2022 from CNY 20,407,592 thousand in Q1 2021, a reduction of 4.89%[44]. Cash Flow - The net cash flow from operating activities was CNY 278,512, with no applicable year-on-year comparison[6]. - The net cash flow from operating activities for Q1 2022 was CNY 278,512,000, compared to a negative cash flow of CNY -1,031,089,000 in Q1 2021, indicating a significant improvement[36]. - The cash flow from operating activities for Q1 2022 was CNY 169,636 thousand, compared to a negative cash flow of CNY -1,320,186 thousand in Q1 2021[50]. - The total cash inflow from operating activities decreased to CNY 7,443,617,000 in Q1 2022 from CNY 9,534,185,000 in Q1 2021, reflecting a decline of about 21.8%[36]. - The cash outflow from operating activities in Q1 2022 was CNY 7,165,105,000, down from CNY 10,565,274,000 in Q1 2021, a reduction of approximately 32.5%[36]. - The company reported a net cash outflow from financing activities of CNY -2,418,736,000 in Q1 2022, compared to CNY -244,600,000 in Q1 2021, indicating a significant increase in cash outflow[39]. - The total cash outflow from financing activities in Q1 2022 was CNY 2,504,923 thousand, compared to CNY 3,100,203 thousand in Q1 2021, indicating a decrease of 19.23%[52]. Shareholder Information - The company had a total of 193,964 common shareholders at the end of the reporting period[15]. - The largest shareholder, Chongqing Changshou Steel Co., Ltd., held 2,096,981,600 shares, accounting for 23.51% of total shares[16]. Inventory and Costs - Total operating costs decreased to 8,195,033 thousand RMB, a reduction of 7.9% compared to 8,900,287 thousand RMB in the previous year[28]. - Inventory levels rose to 4,358,376 thousand RMB, up from 3,840,198 thousand RMB, indicating an increase of 13.5%[26]. - The company's inventory increased to CNY 4,332,828,000 in Q1 2022 from CNY 3,815,186,000 in Q1 2021, representing an increase of about 13.5%[42]. - The company reported a decrease in management expenses to 95,458 thousand RMB from 117,136 thousand RMB, a decline of 18.5%[30]. - The company incurred financial expenses of CNY 73,766 thousand in Q1 2022, an increase from CNY 60,270 thousand in Q1 2021[44]. - Non-recurring losses totaled CNY -14,211, mainly from other operating income and expenses[10].

Financial Performance - Operating revenue for the first quarter was RMB 8,720,406, a decrease of 12.61% compared to the same period last year[2] - Net profit attributable to shareholders was RMB 442,999, representing a decline of 59.45% year-on-year[2] - Basic earnings per share decreased by 58.33% to RMB 0.05[2] - Total comprehensive income for Q1 2022 was CNY 442,999 thousand, a decrease from CNY 1,092,412 thousand in Q1 2021, representing a decline of approximately 59.5%[27] - Net profit for Q1 2022 was RMB 442,999 thousand, significantly lower than RMB 1,092,412 thousand in Q1 2021, indicating a decline of approximately 59.5%[22] - Operating revenue for Q1 2022 was CNY 8,737,203 thousand, down 12.5% from CNY 9,978,832 thousand in Q1 2021[38] - Net profit for Q1 2022 was CNY 391,770 thousand, a significant decrease of 61.5% compared to CNY 1,017,165 thousand in Q1 2021[40] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.04, down from CNY 0.11 in Q1 2021[40] Assets and Liabilities - Total assets at the end of the reporting period were RMB 42,362,462, down 1.47% from the previous year-end[3] - The company's total liabilities as of March 31, 2022, were RMB 19,539,815 thousand, down from RMB 20,620,747 thousand, reflecting a decrease of about 5.2%[16] - Long-term borrowings decreased to RMB 1,238,000 thousand from RMB 1,792,800 thousand, a reduction of approximately 30.9%[16] - Total current assets were RMB 12,544,315 thousand, down from RMB 13,350,662 thousand, indicating a decrease of about 6.03%[11] - Total current liabilities amounted to RMB 15,654,581 thousand, slightly up from RMB 15,411,421 thousand, indicating an increase of about 1.6%[15] - The total equity attributable to shareholders was RMB -6,008,123 thousand as of March 31, 2022, an improvement from RMB -6,451,124 thousand as of December 31, 2021[16] - The company reported a total equity of CNY 22,604,405 thousand as of March 31, 2022, compared to CNY 22,208,903 thousand as of December 31, 2021, reflecting an increase of approximately 1.8%[36] Cash Flow - The company reported a net cash flow from operating activities of RMB 278,512[2] - Cash inflow from operating activities in Q1 2022 was CNY 7,443,617 thousand, compared to CNY 9,534,185 thousand in Q1 2021, reflecting a decline of about 21.9%[29] - Cash outflow from operating activities in Q1 2022 was CNY 7,165,105 thousand, down from CNY 10,565,274 thousand in Q1 2021, a decrease of approximately 32.6%[30] - Cash flow from operating activities for Q1 2022 was CNY 169,636 thousand, a recovery from a negative cash flow of CNY 1,320,186 thousand in Q1 2021[42] - The net increase in cash and cash equivalents for Q1 2022 was -2,705,774, compared to -1,477,287 in Q1 2021, highlighting worsening liquidity conditions[44] - The ending balance of cash and cash equivalents as of Q1 2022 was 3,126,340, slightly down from 3,212,184 in Q1 2021, reflecting a decrease in available cash[44] Investment Activities - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets in Q1 2022 was 529,315, compared to 82,153 in Q1 2021, representing a significant increase[43] - Cash outflow from investment activities totaled 568,415 in Q1 2022, up from 196,602 in Q1 2021, indicating a substantial rise in investment expenditures[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 193,964[6] - The largest shareholder, Chongqing Changshou Steel Co., Ltd., holds 2,096,981,600 shares, accounting for 23.51% of the total[7] Accounting and Reporting Changes - The company executed new accounting standards starting in 2022, which may affect financial reporting and analysis going forward[44]

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 ...

Defined Contribution Plan - Chongqing Iron & Steel Company reported no forfeited contributions under its defined contribution plan as of December 31, 2020[1] - The company confirmed that there were no forfeited contributions available to reduce current contribution levels[1] - The defined contribution plan does not involve any employee contributions being forfeited[1] - The company is compliant with the Hong Kong Stock Exchange listing rules regarding the disclosure of defined contribution plans[1] Announcement Details - The announcement serves as a supplementary report to the annual report published on April 27, 2021[1] - The announcement was made by the company secretary, Zou An, on November 5, 2021[1] - The company emphasizes the accuracy and completeness of the information provided in the announcement[1] Board of Directors - The board of directors remains unchanged as of the announcement date[1] - The board of directors includes both executive and independent non-executive members[1] Financial Information - The financial information and content in the annual report remain consistent and unchanged[1]

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]