BSGCO(SZ:000959)2015-09-01 16:00Financial Performance - The company's operating revenue for the first half of 2015 was ¥9,922,047,343.90, a decrease of 21.64% compared to ¥12,662,805,315.35 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥222,870,595.47, a decline of 2,481.05% from a profit of ¥9,360,180.88 in the previous year[20]. - The net cash flow from operating activities was negative at ¥648,420,102.86, down 154.23% from ¥1,195,710,439.49 in the same period last year[20]. - The total profit for the period was -39.246 million yuan, with a net profit attributable to shareholders of the listed company at -22.287 million yuan[27]. - The operating revenue for the current period is CNY 9,327,245,411.96, a decrease of 19.6% compared to CNY 11,604,862,405.94 in the previous period[112]. - The net profit attributable to the parent company is CNY -222,870,595.47, compared to a profit of CNY 9,360,180.88 in the previous period, indicating a significant decline[110]. - The total profit for the current period is CNY -392,459,359.66, compared to CNY -34,185,411.72 in the previous period, reflecting a worsening financial performance[110]. Assets and Liabilities - The total assets at the end of the reporting period were ¥62,597,616,313.45, reflecting a 1.71% increase from ¥61,546,325,239.24 at the end of the previous year[20]. - The total liabilities stood at CNY 25.61 billion, slightly down from CNY 25.75 billion, showing a decrease of approximately 0.54%[101]. - The company's current assets reached CNY 6.40 billion, up from CNY 5.88 billion, indicating an increase of about 8.73%[100]. - The total liabilities increased to CNY 31,533,959,292.88 from CNY 30,756,659,983.03, representing a rise of 2.5%[106]. - The total amount of minority interests was 355,922 million yuan at the end of the current period[120]. Production and Operations - The company achieved pig iron production of 3.7948 million tons, converter steel production of 3.7412 million tons, and steel production of 3.3808 million tons during the reporting period[27]. - The company completed 93.52 thousand tons of cold-rolled sheet production against an annual plan of 190 thousand tons, indicating a significant shortfall[31]. - The company’s steel product revenue decreased by 20.96% to 6.265 billion yuan compared to the previous year[33]. Cash Flow and Investments - The company’s investment activities generated a net cash outflow of -726.26 million yuan, a significant increase in outflow compared to -448.59 million yuan in the previous year[29]. - The cash flow from operating activities is CNY 5,694,856,550.29, down from CNY 12,411,404,123.05 in the previous period, a decrease of 54.1%[115]. - The net cash flow from investment activities was -649,190,464.01 CNY, compared to -385,987,100.85 CNY in the previous period[118]. Shareholder Information - The total number of shares is 5,289,389,600, with 77.20% being restricted shares and 22.80% being unrestricted shares[84]. - The largest shareholder, Shougang Group, holds 79.38% of the shares, totaling 4,198,760,871 shares[85]. - The company distributed a cash dividend of CNY 0.10 per share, totaling CNY 52,893,896, based on a total share capital of 5,289,389,600 shares[50]. Corporate Governance and Compliance - There were no major litigation or arbitration matters during the reporting period[56]. - The company did not engage in any asset acquisitions or sales during the reporting period[58][59]. - The company has not faced any penalties or rectification issues during the reporting period[78]. Market Conditions - The steel industry faced severe market conditions with continuous declines in steel prices and profits due to overcapacity and weak demand[26]. - The company plans to resolve industry competition issues through restructuring within three years after the completion of the reorganization[75]. Financial Policies and Practices - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[7]. - The company has committed to ensuring that cash dividends will not be less than 80% of the distributable profits achieved in the year[76]. - The company reported no entrusted financial management, derivative investments, or entrusted loans during the reporting period[41][42][43]. Financial Reporting and Auditing - The half-year financial report has not been audited[77]. - The financial report for the first half of 2015 was not audited, which is a standard practice for interim reports[98].