BSP(SZ:000761)2024-08-28 12:07Financial Performance - The company's operating revenue for the first half of 2024 was ¥28,364,539,286.80, a decrease of 7.21% compared to ¥30,567,409,205.03 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was -¥1,550,950,137.71, representing a decline of 54.33% from -¥1,004,945,623.68 in the previous year[12]. - The net cash flow from operating activities was ¥1,095,091,396.54, down 76.51% from ¥4,662,637,281.81 in the same period last year[12]. - The basic earnings per share were -¥0.3775, a decrease of 54.33% compared to -¥0.2446 in the previous year[12]. - The company reported a net loss of RMB 4,624,647,116.78, compared to a loss of RMB 2,900,010,737.27 in the previous year[95]. - The total operating revenue for the first half of 2024 was RMB 28,364,539,286.80, a decrease of 7.1% compared to RMB 30,567,409,205.03 in the same period last year[96]. - The company reported a total comprehensive loss for the first half of 2024 of RMB -1,506,290,296.63, compared to RMB -983,416,724.55 in the previous year[96]. Assets and Liabilities - Total assets at the end of the reporting period were ¥45,631,488,543.54, a decrease of 1.19% from ¥46,181,979,851.06 at the end of the previous year[12]. - The net assets attributable to shareholders of the listed company were ¥15,462,920,341.56, down 9.09% from ¥17,009,969,496.07 at the end of the previous year[12]. - Total liabilities reached RMB 31,653,278,552.09, up from RMB 30,219,016,984.45, marking an increase of about 4.8%[95]. - The company's total equity decreased to RMB 14,429,945,577.98 from RMB 16,152,889,749.34, a decline of approximately 10.7%[95]. - The total amount of other comprehensive income for the first half of 2024 is a loss of RMB 50,371,341.88, contributing to the overall decline in equity[104]. Production and Sales - In the first half of 2024, the company produced 5.3473 million tons of pig iron, an increase of 318,000 tons year-on-year[16]. - Crude steel production reached 5.7217 million tons, up by 52,900 tons compared to the previous year[16]. - Steel output was 8.5029 million tons, reflecting a year-on-year increase of 365,900 tons[16]. - Automotive steel sales reached 1.3818 million tons, an increase of 115,100 tons or 9.09% year-on-year[16]. - The company achieved a record delivery rate of 100% to automotive manufacturers for four consecutive months[16]. Environmental and Social Responsibility - The company faces environmental protection risks due to increased regulatory scrutiny and rising operational costs, with measures in place to enhance green production practices[39]. - The company reported a total of 23.2 tons of COD emissions and 0.9 tons of ammonia nitrogen emissions, both within the permitted limits[45]. - The company paid CNY 13.99 million in environmental protection tax in the first half of 2024[48]. - The company provided 19,000 yuan in assistance to 12 employees in need, demonstrating its commitment to social responsibility[51]. - The company is actively participating in rural revitalization efforts, with 2 employees serving as village secretaries to promote local economic development[51]. Research and Development - The company successfully developed 42 new product grades, including a 700MPa high-strength steel for photovoltaic brackets, which has been marketed successfully[19]. - The company is developing new products including 2GPa hot-formed steel and cold-rolled dual-phase steel[16]. - Research and development investment remained stable at approximately ¥970.76 million, a slight increase of 0.09% year-on-year[18]. Corporate Governance and Compliance - The company has not engaged in any securities or derivative investments during the reporting period[26]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[23]. - The company has maintained compliance with its commitments regarding related party transactions, ensuring fair pricing and independent decision-making[54]. - The company has received a warning letter from the China Securities Regulatory Commission due to past issues with timely settlement of procurement costs[57]. Future Outlook and Strategic Initiatives - The company plans to complete 65 ultra-low emission transformation projects by the end of the year[16]. - The company aims to enhance its digital transformation and smart manufacturing capabilities, with a 9% increase in the completion rate of main production line upgrades[19]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[43]. - The company is committed to maintaining operational independence from its controlling shareholder, Ansteel Group, ensuring no interference in business decisions[52].