Financial Performance - The company's operating revenue for the first quarter reached RMB 34,927 million, an increase of 9.77% compared to the same period last year[10] - Net profit attributable to shareholders was RMB 1,482 million, a decrease of 1.20% year-on-year[10] - Basic earnings per share were RMB 0.158, down 0.63% from the previous year[5] - Total revenue for Q1 2022 reached RMB 34,927 million, up from RMB 31,817 million in Q1 2021, representing an increase of about 6.6%[23] - Net profit for Q1 2022 was RMB 1,488 million, slightly down from RMB 1,509 million in Q1 2021, indicating a decrease of approximately 1.4%[24] - Earnings per share for Q1 2022 were RMB 0.158, slightly down from RMB 0.159 in Q1 2021, indicating a decrease of about 0.6%[25] Assets and Liabilities - Total assets increased to RMB 101,137 million, reflecting a growth of 2.52% compared to the end of the previous year[5] - The company's total liabilities rose to RMB 39,511 million as of March 31, 2022, compared to RMB 37,415 million at the end of 2021, marking an increase of about 5.6%[21] - Current assets totaled RMB 35,388 million as of March 31, 2022, compared to RMB 32,541 million at the end of 2021, showing an increase of approximately 8.5%[19] - The company's total equity increased to RMB 61,626 million as of March 31, 2022, compared to RMB 61,237 million at the end of 2021, representing a growth of about 0.6%[22] Cash Flow - Operating cash flow for Q1 2022 was RMB 1,975 million, an increase of 4.06% compared to RMB 1,898 million in Q1 2021[27] - Cash inflow from operating activities totaled RMB 33,022 million in Q1 2022, compared to RMB 32,248 million in Q1 2021, reflecting a growth of 2.4%[27] - Total cash and cash equivalents at the end of Q1 2022 reached RMB 6,484 million, up from RMB 3,776 million in Q1 2021, representing a 71.5% increase[29] - Net cash flow from financing activities in Q1 2022 was negative RMB 364 million, a significant improvement from negative RMB 3,145 million in Q1 2021[28] - The company reported a net cash flow from investing activities of negative RMB 525 million in Q1 2022, worsening from negative RMB 363 million in Q1 2021[27] Investments and Expenses - Research and development expenses increased by RMB 75 million due to higher costs associated with new product trials[11] - Research and development expenses for Q1 2022 were RMB 212 million, up from RMB 137 million in Q1 2021, indicating a significant increase of approximately 54.8%[23] - Financial expenses decreased by RMB 115 million primarily due to reduced bank interest expenses[11] - Cash outflow from investing activities increased by RMB 162 million compared to the same period last year, mainly due to increased cash payments for fixed assets, intangible assets, and other long-term assets[13] - Cash outflow for investing activities was RMB 600 million in Q1 2022, an increase of 36.1% from RMB 441 million in Q1 2021[27] Shareholder Information - The number of common shareholders at the end of the reporting period was 120,348, including 450 H-share holders[14] - The top shareholder, Anshan Iron and Steel Group, holds 53.35% of the shares, totaling 5,016,111,529 shares[15] - The company completed the repurchase and cancellation of 2,229,750 restricted shares, reducing total share capital from 9,405,250,201 shares to 9,403,020,451 shares[18] Other Financial Metrics - The company completed the acquisition of the net assets of a second power plant from Anshan Iron and Steel Group, enhancing its operational capacity[5] - Derivative financial assets increased by RMB 31 million compared to the end of the previous year, mainly due to increased profits from futures contracts[12] - Accounts receivable increased by RMB 280 million compared to the end of the previous year, primarily due to increased sales revenue and collection of bank acceptance bills[12] - Accounts receivable financing increased by RMB 2,013 million compared to the end of the previous year, mainly due to increased sales revenue and collection of bank acceptance bills[12] - Prepayments increased by RMB 1,185 million compared to the end of the previous year, primarily due to increased prepayments for fuel[12] - Other current assets decreased by RMB 799 million compared to the end of the previous year, mainly due to a reduction in VAT credits and prepaid income tax transferred to other current assets[12] - Short-term borrowings decreased by RMB 210 million compared to the end of the previous year, primarily due to repayment of bank short-term loans[12] Audit Information - The company did not conduct an audit for the Q1 2022 report[30]
鞍钢股份(00347) - 2022 Q1 - 季度财报