新钢股份(600782) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was RMB 11,294,099,879.88, a decrease of 50.62% compared to the same period last year[2] - Net profit attributable to shareholders of the listed company was RMB -15,611,920, indicating a loss[2] - Basic earnings per share (EPS) for Q1 2024 was RMB -0.05, compared to RMB 0.03 in the same period last year[10] - Total comprehensive income for Q1 2024 was RMB -155,025,673.90, compared to RMB 88,385,964.13 in the same period last year[10] - Revenue decreased by 50.62% due to reduced trade income and lower steel product prices and sales volume[41] - Net profit attributable to shareholders of the parent company was -156.12 million, compared to 95.68 million in the previous period[61] - Operating profit was -111.02 million, compared to 132.71 million in the previous period[61] - Total profit was -119.85 million, compared to 135.83 million in the previous period[61] - Income tax expense was 33.51 million, compared to 43.85 million in the previous period[61] Cash Flow - Operating cash flow was RMB -2,352,440, primarily due to weakened demand in the steel industry and declining steel product prices[4] - Net cash flow from operating activities was -23.52 million, compared to 374.61 million in the previous period[34] - Net cash flow from investing activities was -618.66 million, compared to -2,325.90 million in the previous period[34] - Net cash flow from financing activities was -397.65 million, compared to 247.45 million in the previous period[34] - Sales of goods and services received cash of RMB 10,324,582,363.23 in Q1 2024, compared to RMB 19,131,019,631.67 in Q1 2023, a decrease of approximately 46%[62] - Total cash inflows from operating activities were RMB 12,373,442,987.33 in Q1 2024, down from RMB 22,639,048,423.89 in Q1 2023, a decline of around 45%[62] - Cash paid for goods and services was RMB 10,397,442,958.78 in Q1 2024, compared to RMB 20,077,953,428.25 in Q1 2023, a decrease of approximately 48%[62] - Net cash flow from financing activities was negative RMB 432,431,734.50 in Q1 2024, compared to positive RMB 247,449,437.68 in Q1 2023[64] - The impact of exchange rate changes on cash and cash equivalents was negative RMB 12,337,594.33 in Q1 2024, compared to negative RMB 8,996,286.43 in Q1 2023[64] - Net increase in cash and cash equivalents was negative RMB 1,086,955,649.70 in Q1 2024, compared to negative RMB 1,712,841,328.93 in Q1 2023[64] - Ending cash and cash equivalents balance was RMB 3,162,321,415.41 in Q1 2024, compared to RMB 2,621,340,903.95 in Q1 2023[64] Assets and Liabilities - Total assets as of March 31, 2024, were RMB 51,000,607,856.37, a decrease from RMB 52,934,758,886.90 at the end of 2023[8] - Total liabilities and shareholders' equity were RMB 51,000,607,856.37, down from RMB 52,934,758,886.90 at the end of 2023[8] - Inventory as of March 31, 2024, was RMB 4,473,985,998.97, down from RMB 4,839,432,981.99 at the end of 2023[7] - Total current liabilities amounted to 20,121,527,650.01 yuan, with non-current liabilities at 3,731,121,662.11 yuan[19] - Total equity attributable to the parent company's shareholders was 26,410,395,862.05 yuan[19] - Long-term borrowings increased to 3,408,750,000.00 yuan from 3,308,750,000.00 yuan in the previous period[19] - The company's undistributed profits stood at 15,668,163,139.86 yuan[19] - Total assets decreased by 3.65% to 5,100.06 million from 5,293.48 million at the end of the previous year[53] Shareholders and Equity - Total number of ordinary shareholders at the end of the reporting period was 54,224[16] - New Yu Steel Group holds 45.42% of the company's shares, totaling 1,428,799,497 shares[16] - The top 10 shareholders hold a significant portion of the company's shares, with no known relationships or concerted actions among them[26] Research and Development - R&D expenses for Q1 2024 were RMB 150,418,942.98, a significant decrease from RMB 428,174,443.11 in the same period last year[9] Non-Recurring Items - Non-recurring gains and losses totaled 84,477,142.59 yuan, including government subsidies of 6,874,711.40 yuan and financial asset gains of 100,287,024.02 yuan[14] Accounting and Reporting - The company reported no adjustments due to new accounting standards or interpretations effective from 2024[25] Strategic Focus - The company's goal is to focus on developing high-quality silicon steel and thick plate products, leading to a reduction in trade income[41]