山东钢铁(600022) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the period was ¥19,390,834,246.18, representing a significant increase of 40.08% year-on-year[12] - Net profit attributable to shareholders was ¥28,966,174.51, a decrease of 80.78% compared to the same period last year[12] - Basic earnings per share decreased by 80.43% to ¥0.0027 from ¥0.0138 in the same period last year[12] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,634,616.93, down 93.04% year-on-year[12] - Operating profit for Q1 2020 was ¥244.46 million, up 39.0% from ¥175.92 million in Q1 2019[42] - Net profit for Q1 2020 was ¥156.84 million, compared to a net profit of ¥160.71 million in Q1 2019, indicating a slight decrease[42] - The company reported a basic earnings per share of ¥0.0027 for Q1 2020, down from ¥0.0138 in Q1 2019[42] - Net profit for Q1 2020 was a loss of CNY 109.92 million, compared to a profit of CNY 124.71 million in Q1 2019, representing a significant decline[44] Cash Flow - Net cash flow from operating activities was -¥670,707,226.63, an improvement from -¥956,154,455.76 in the previous year[12] - Cash flow from operating activities showed a net outflow of CNY 670.71 million in Q1 2020, an improvement from a net outflow of CNY 956.15 million in Q1 2019[47] - Total cash inflow from operating activities was ¥5,275,751,759.05, while cash outflow was ¥4,982,610,701.07, resulting in a net cash inflow[51] - Cash flow from investing activities showed a net outflow of ¥56,143,880.00, compared to a larger outflow of ¥386,879,600.00 in the same period last year[51] - Cash flow from financing activities resulted in a net outflow of ¥418,149,083.15, slightly improved from an outflow of ¥428,861,599.16 in Q1 2019[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥70,950,246,918.03, an increase of 2.04% compared to the end of the previous year[12] - Total liabilities increased to ¥40,809,231,684.04 from ¥39,344,609,560.50, an increase of approximately 3.71%[32] - Total current assets increased to ¥21,043,065,777.45 from ¥19,475,495,467.22 as of December 31, 2019, representing an increase of approximately 8.06%[29] - Short-term borrowings rose by 37.55% to RMB 5,125,000,000.00, compared to RMB 3,726,000,000.00 in the previous period[21] - Total liabilities amounted to CNY 39,344,609,560.50, with current liabilities at CNY 28,404,205,500.48 and non-current liabilities at CNY 10,940,404,060.02[56] Shareholder Information - The total number of shareholders at the end of the reporting period and the shareholding situation of the top ten shareholders were documented[15] - The company repurchased a total of 160,040,450 shares, with a total expenditure of RMB 209,973,779 as of March 31[25] Expenses - Operating costs increased to RMB 18,313,084,317.76, reflecting a 40.01% rise from RMB 13,079,866,356.00 year-on-year[20] - Research and development expenses surged by 284.23% to RMB 206,539,129.35, up from RMB 53,754,419.20 in the previous year[20] - The company’s income tax expense increased by 505.17% to RMB 88,298,756.65, attributed to profitability in the current period[20] - The company’s financial expenses increased to ¥223.91 million in Q1 2020, compared to ¥193.12 million in Q1 2019[42] Government Support - The company received government subsidies amounting to ¥35,774,770.89, which are closely related to its normal business operations[15] Accounting and Standards - The company has implemented new revenue recognition standards effective from January 1, 2020, which will not significantly impact financial results[62] - The company has made adjustments to its accounting policies in accordance with the latest standards, ensuring accurate financial reporting[59]