Financial Performance - The company's operating revenue for the first quarter reached CNY 26,580,269,666, representing an increase of 11.28% compared to the same period last year[2] - Net profit attributable to shareholders decreased by 17.04% to CNY 1,253,376,821[2] - The net profit after deducting non-recurring gains and losses was CNY 1,130,866,442, down 21.26% year-on-year[2] - The company's total revenue for the reporting period was approximately RMB 26.580 billion, an increase of 11.28% year-on-year, driven by higher sales volume and prices of steel products[12] - Net profit for Q1 2022 was RMB 1.32 billion, a decline of 19.4% compared to RMB 1.64 billion in Q1 2021[20] - Basic earnings per share for Q1 2022 were RMB 0.16, down from RMB 0.20 in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,637,434,029, a decline of 25.36% compared to the previous year[2] - Operating cash flow for Q1 2022 was RMB 1,637,434,029, a decrease of 25.3% compared to RMB 2,193,893,473 in Q1 2021[21] - Cash inflow from operating activities totaled RMB 20,531,405,707, down 29.2% from RMB 28,961,173,560 in the same period last year[21] - Cash outflow from operating activities was RMB 18,893,971,678, a reduction of 29.5% compared to RMB 26,767,280,087 in Q1 2021[21] - Cash inflow from financing activities was RMB 4,252,999,899, down 51.7% from RMB 8,811,533,704 in Q1 2021[22] - Net cash used in financing activities was RMB 1,906,370,750, contrasting with a net inflow of RMB 463,132,625 in the same quarter last year[22] - The total cash and cash equivalents at the end of Q1 2022 stood at RMB 3,928,323,003, an increase from RMB 3,312,400,138 at the end of Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 90,975,181,759, a decrease of 0.25% from the end of the previous year[3] - Current assets totaled RMB 42.09 billion, down from RMB 43.26 billion in the previous quarter, primarily due to a decrease in cash and cash equivalents[14] - The total liabilities decreased to RMB 52.24 billion as of March 31, 2022, from RMB 53.80 billion at the end of 2021[16] - The company's total equity increased to RMB 38.73 billion as of March 31, 2022, compared to RMB 37.41 billion at the end of 2021[16] Expenses - Research and development expenses increased by 30.82% as the company enhanced its R&D capabilities and product development[6] - Sales expenses rose by 32.12% due to payments made to intermediaries for expanding sales channels[6] - Operating expenses increased by 456.42% as the company scrapped some old special equipment based on operational needs[7] - Income tax expenses rose by 72.25% compared to the same period last year, as the taxable income was lower in the previous year[7] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 168,784[8] - The top shareholder, Ma Steel (Group) Holding Co., Ltd., holds 45.535% of the shares, totaling 3,506,467,456 shares[9] Production and Market Conditions - The production of pig iron was 4.65 million tons, remaining stable year-on-year, while crude steel production was 5.36 million tons, a decrease of 2.72%[12] - The average domestic steel price index increased by 5.5% year-on-year, while iron ore prices decreased by 14.6% year-on-year[12] Non-Recurring Gains - Non-recurring gains included CNY 130,437,708 from the disposal of non-current assets and CNY 54,272,281 from government subsidies[4] - The company reported a significant increase of 181.62% in other income, primarily from government incentives[6] - The company's operating income decreased by 96.39% due to gains from the disposal of scrapped fixed assets in the same period last year[7]
马鞍山钢铁股份(00323) - 2022 Q1 - 季度财报