Financial Performance - Operating revenue for the first quarter was RMB 8,720,406, a decrease of 12.61% compared to the same period last year[2] - Net profit attributable to shareholders was RMB 442,999, representing a decline of 59.45% year-on-year[2] - Basic earnings per share decreased by 58.33% to RMB 0.05[2] - Total comprehensive income for Q1 2022 was CNY 442,999 thousand, a decrease from CNY 1,092,412 thousand in Q1 2021, representing a decline of approximately 59.5%[27] - Net profit for Q1 2022 was RMB 442,999 thousand, significantly lower than RMB 1,092,412 thousand in Q1 2021, indicating a decline of approximately 59.5%[22] - Operating revenue for Q1 2022 was CNY 8,737,203 thousand, down 12.5% from CNY 9,978,832 thousand in Q1 2021[38] - Net profit for Q1 2022 was CNY 391,770 thousand, a significant decrease of 61.5% compared to CNY 1,017,165 thousand in Q1 2021[40] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.04, down from CNY 0.11 in Q1 2021[40] Assets and Liabilities - Total assets at the end of the reporting period were RMB 42,362,462, down 1.47% from the previous year-end[3] - The company's total liabilities as of March 31, 2022, were RMB 19,539,815 thousand, down from RMB 20,620,747 thousand, reflecting a decrease of about 5.2%[16] - Long-term borrowings decreased to RMB 1,238,000 thousand from RMB 1,792,800 thousand, a reduction of approximately 30.9%[16] - Total current assets were RMB 12,544,315 thousand, down from RMB 13,350,662 thousand, indicating a decrease of about 6.03%[11] - Total current liabilities amounted to RMB 15,654,581 thousand, slightly up from RMB 15,411,421 thousand, indicating an increase of about 1.6%[15] - The total equity attributable to shareholders was RMB -6,008,123 thousand as of March 31, 2022, an improvement from RMB -6,451,124 thousand as of December 31, 2021[16] - The company reported a total equity of CNY 22,604,405 thousand as of March 31, 2022, compared to CNY 22,208,903 thousand as of December 31, 2021, reflecting an increase of approximately 1.8%[36] Cash Flow - The company reported a net cash flow from operating activities of RMB 278,512[2] - Cash inflow from operating activities in Q1 2022 was CNY 7,443,617 thousand, compared to CNY 9,534,185 thousand in Q1 2021, reflecting a decline of about 21.9%[29] - Cash outflow from operating activities in Q1 2022 was CNY 7,165,105 thousand, down from CNY 10,565,274 thousand in Q1 2021, a decrease of approximately 32.6%[30] - Cash flow from operating activities for Q1 2022 was CNY 169,636 thousand, a recovery from a negative cash flow of CNY 1,320,186 thousand in Q1 2021[42] - The net increase in cash and cash equivalents for Q1 2022 was -2,705,774, compared to -1,477,287 in Q1 2021, highlighting worsening liquidity conditions[44] - The ending balance of cash and cash equivalents as of Q1 2022 was 3,126,340, slightly down from 3,212,184 in Q1 2021, reflecting a decrease in available cash[44] Investment Activities - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets in Q1 2022 was 529,315, compared to 82,153 in Q1 2021, representing a significant increase[43] - Cash outflow from investment activities totaled 568,415 in Q1 2022, up from 196,602 in Q1 2021, indicating a substantial rise in investment expenditures[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 193,964[6] - The largest shareholder, Chongqing Changshou Steel Co., Ltd., holds 2,096,981,600 shares, accounting for 23.51% of the total[7] Accounting and Reporting Changes - The company executed new accounting standards starting in 2022, which may affect financial reporting and analysis going forward[44]
重庆钢铁股份(01053) - 2022 Q1 - 季度财报