山东钢铁(600022) - 2018 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 37.32% to CNY 621.45 million year-on-year[6] - The company reported a significant increase in net profit excluding non-recurring gains and losses, up 341.59% to CNY 629.18 million[6] - Net profit for Q1 2018 reached ¥629,045,516.71, an increase of 36.0% compared to ¥462,835,539.40 in Q1 2017[25] - Net profit for the current period is approximately ¥596.90 million, compared to ¥432.11 million in the previous period, reflecting a growth of 38.2%[29] - Total comprehensive income for the current period is approximately ¥596.90 million, compared to ¥432.11 million in the previous period, indicating a growth of 38.2%[29] Revenue and Costs - Operating revenue decreased by 28.41% to CNY 11.80 billion compared to the same period last year[6] - Operating revenue decreased by 28.41% to CNY 11,804,065,407.69 from CNY 16,487,891,234.27, attributed to the shutdown of the Jinan branch and reduced production capacity[14] - The company's operating revenue for the current period is approximately ¥10.80 billion, a decrease of 30.0% compared to ¥15.63 billion in the previous period[29] - Operating costs decreased by 31.48% to CNY 10,729,145,217.11 from CNY 15,658,396,528.59, also due to the Jinan branch shutdown[14] - Total operating costs for Q1 2018 were ¥11,177,011,914.42, down 31.5% from ¥16,329,930,553.53 year-over-year[25] Assets and Liabilities - Total assets increased by 1.93% to CNY 58.11 billion compared to the end of the previous year[6] - The company’s total assets increased to CNY 58,105,759,901.78 from CNY 57,004,127,503.61, reflecting a growth in overall asset base[19] - The company’s total liabilities decreased to CNY 30,649,601,291.03 from CNY 31,179,902,444.31, indicating improved liability management[19] - Total liabilities decreased to ¥15,078,945,416.76 from ¥15,996,686,273.96, a reduction of 5.7%[22] - Total equity increased to ¥18,345,392,542.64 from ¥17,748,674,205.72, representing a growth of 3.4%[22] Cash Flow - Net cash flow from operating activities improved by 89.54%, reaching -CNY 124.96 million[6] - Net cash flow from operating activities improved by 89.54%, reaching CNY -124,959,705.80 compared to CNY -1,194,310,646.28 in the previous year[14] - Cash flow from operating activities shows a net outflow of approximately ¥124.96 million, an improvement from a net outflow of ¥1.19 billion in the previous period[30] - The company reported cash and cash equivalents at the end of the period of approximately ¥4.40 billion, down from ¥7.20 billion in the previous period[30] - The company’s cash and cash equivalents decreased to CNY 7,442,380,879.52 from CNY 9,376,810,980.96, reflecting cash flow challenges[18] Shareholder Information - The number of shareholders reached 318,941 at the end of the reporting period[10] - The largest shareholder, Jinan Steel Group Co., Ltd., holds 30.22% of the shares[10] Investment Income - The company reported a significant decrease in investment income, down 84.10% to CNY 17,001,414.78 from CNY 106,944,891.07, due to reduced gains from subsidiary disposals[14] - The company reported an investment income of ¥17,001,414.78, down from ¥106,944,891.07 in the previous year[25] Asset Restructuring - The company plans to conduct a major asset restructuring involving the acquisition of stakes in several subsidiaries, which may constitute a significant asset reorganization[15] Non-Current Assets - Total non-current assets increased to ¥23,374,920,901.73 from ¥22,487,578,911.29, reflecting a growth of 3.9%[21]