Financial Performance - Operating revenue for the reporting period was CNY 15,086,019,195, representing a decline of 28.14% year-on-year[4]. - Net profit attributable to shareholders was CNY -689,212,586.56, compared to CNY -434,740,206.19 in the same period last year[4]. - The company reported a total profit of RMB -813 million in the first half of 2024, a decrease of RMB 298 million year-on-year[15]. - The company reported a net loss of RMB 702.11 million for the first half of 2024, compared to a net loss of RMB 446.17 million in the same period of 2023[45]. - Total revenue from sales of goods and services for the first half of 2024 was RMB 13,880,910,978.59, a decrease of 34.5% compared to RMB 21,177,299,366.76 in the same period of 2023[48]. Cash Flow - Cash flow from operating activities increased by 98.48% to CNY 822,749,668.37 compared to CNY 414,520,654.04 in the previous year[4]. - Net cash flow from operating activities for the first half of 2024 was RMB 819,613,325.64, an increase of 102.0% compared to RMB 405,384,838.00 in the first half of 2023[48]. - Total cash inflow from operating activities was RMB 13,983,199,646.35, down 34.5% from RMB 21,281,122,763.32 in the first half of 2023[40]. - Total cash outflow from operating activities was RMB 13,160,449,977.98, a decrease of 37.1% compared to RMB 20,866,602,109.28 in the same period of 2023[40]. - The company incurred a net cash outflow from financing activities of RMB 315,087,563.85 in the first half of 2024, compared to a net outflow of RMB 1,081,155,780.23 in the same period of 2023[49]. Assets and Liabilities - Total assets as of the reporting period amounted to CNY 36,496,090,054, a decrease of 2.30% compared to the previous year-end[4]. - Current assets totaled RMB 5,537,420,302.76, down from RMB 6,051,987,303.55 at the end of 2023, reflecting a decrease of approximately 8.5%[31]. - Total liabilities decreased slightly to RMB 17,392,610,450.68 from RMB 17,502,703,730.69, a reduction of about 0.63%[32]. - The total equity of the company as of June 30, 2024, was RMB 18.87 billion, down from RMB 19.64 billion at the end of 2023[43]. - The company reported a net loss of RMB 9,658,510,297.59 in retained earnings, compared to a loss of RMB 8,969,258,456.28 at the end of 2023[33]. Shareholder Information - The top shareholder, Chongqing Changshou Iron & Steel Co., Ltd., holds 23.51% of the shares, totaling 2,096,981,600 shares[6]. - The total number of shareholders as of the reporting period was 162,405[5]. - The company did not declare any interim dividends for the six months ending June 30, 2024, due to accumulated undistributed profits remaining negative[25]. - The company repurchased 66,838,500 shares, accounting for 0.749% of the total share capital, with a total payment of 69,752,500 RMB during the reporting period[22]. Research and Development - Research and development expenses increased to RMB 19,635,965.12 in the first half of 2024, up 34.8% from RMB 14,557,677.64 in the same period of 2023[34]. - The company completed 8 patents and registered 8 technological papers and achievements, enhancing its innovation capabilities[10]. - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[34]. Operational Efficiency - The company achieved a self-generated electricity rate of 88.22%, an increase of 3.33% year-on-year, with a peak of 95.36% in February, setting a historical record[10]. - The production cost of slab processing was ranked in the top 77 of the industry, improving by 19 positions compared to last year[11]. - The average selling price of commodity billet decreased by RMB 190 per ton to RMB 3,546 per ton, contributing to a reduction in revenue of RMB 10.01 billion[15]. - The sales volume of commodity billets was 3.986 million tons, a decrease of 26.46% compared to the previous year[15]. - In the first half of 2024, the average selling price of steel products decreased across all categories, with the overall average price dropping by 5.09% compared to 2023, resulting in a revenue decrease of 1,000,778,000 RMB[17].
重庆钢铁股份(01053) - 2024 - 中期业绩