Financial Performance - The company's operating revenue for the first quarter was CNY 22,736,558,090, representing a decrease of 14.46% compared to the same period last year[2]. - The net profit attributable to shareholders was a loss of CNY 509,272,601, a decline of 140.63% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 545,411,195, down 148.23% from the previous year[2]. - The company reported a decrease in operating profit by 131.33% due to a decline in the gross profit margin of steel products[5]. - The company's operating revenue for the reporting period was approximately RMB 22.737 billion, a decrease of 14.46% year-on-year, primarily due to a decline in steel prices and sales volume[13]. - The net profit attributable to shareholders of the listed company was approximately RMB -509 million, a decrease of 140.63% year-on-year, mainly due to a decline in the gross profit margin of steel products[13]. - The company reported a gross profit margin of approximately 0.12% for Q1 2023, compared to a gross profit margin of approximately 10.2% in Q1 2022[18]. Cash Flow and Assets - The net cash flow from operating activities was CNY 1,656,982,367, an increase of 1.19% compared to the same period last year[2]. - The total assets at the end of the reporting period were CNY 93,744,253,962, a decrease of 3.24% from the end of the previous year[2]. - The equity attributable to shareholders at the end of the reporting period was CNY 28,654,853,822, down 1.85% from the previous year[2]. - The company's cash and cash equivalents decreased to RMB 5,971,813,113 as of March 31, 2023, from RMB 6,534,701,307 as of December 31, 2022, a decline of approximately 9%[14]. - Total current assets decreased to RMB 35,378,821,167 as of March 31, 2023, down from RMB 39,317,078,246 as of December 31, 2022, representing a decline of approximately 10%[14]. - Total liabilities decreased to RMB 61,029,599,559 as of March 31, 2023, from RMB 63,561,293,487 as of December 31, 2022, a reduction of about 4%[15]. - The company's total assets as of March 31, 2023, were RMB 93,744,253,962, down from RMB 96,887,310,222 as of December 31, 2022, indicating a decrease of approximately 3%[17]. - The total equity attributable to shareholders decreased to RMB 28,654,853,822 as of March 31, 2023, from RMB 29,194,825,322 as of December 31, 2022, a decline of about 2%[17]. Operational Efficiency - The company aims to enhance operational efficiency and improve key performance indicators, achieving initial results in the first quarter[13]. - The company experienced a significant increase in prepaid expenses by 84.82% due to higher payments for raw materials such as coke and ore[4]. - The company produced 3.56 million tons of pig iron, 3.81 million tons of crude steel, and 3.74 million tons of steel products in the first quarter, representing decreases of 8.40%, 12.39%, and 10.80% year-on-year, respectively[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 159,667[7]. - The largest shareholder, Ma Steel (Group) Holding Co., Ltd., holds 3,664,749,615 shares, accounting for 47.14% of the total shares[8]. Tax and Financial Expenses - The income tax expense decreased by 88.38% due to a year-on-year decline in taxable income[6]. - The company's financial expenses for Q1 2023 were RMB 76,883,498, down from RMB 90,113,727 in Q1 2022, indicating a decrease of approximately 15%[18]. Investment Activities - Cash inflow from investment activities reached RMB 4.03 billion in Q1 2023, a significant increase from RMB 2.76 billion in Q1 2022[22]. - Cash outflow from investment activities was RMB 3.28 billion in Q1 2023, compared to RMB 2.76 billion in Q1 2022, indicating an 18.8% increase[22]. - The cash flow from investment activities decreased significantly by 11,128.61% due to cash recovery from investments by the financial company[6]. - The company reported a net cash inflow from recovered investments of RMB 3.96 billion in Q1 2023, compared to RMB 2.51 billion in Q1 2022[22]. Debt Management - The company plans to strategically reduce interest-bearing debt while ensuring operational funding needs, resulting in a net cash flow from financing activities increasing by 49.50%[6]. - Net cash flow from financing activities was negative RMB 2.85 billion in Q1 2023, worsening from negative RMB 1.91 billion in Q1 2022[22].
马鞍山钢铁股份(00323) - 2023 Q1 - 季度业绩