山东钢铁(600022) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter reached CNY 26.68 billion, a 37.57% increase year-on-year[11] - Net profit attributable to shareholders surged to CNY 616.79 million, up 2,029.34% from the previous year[11] - Basic earnings per share rose to CNY 0.05765, reflecting a 2,035.19% increase year-on-year[11] - Operating profit for Q1 2021 reached CNY 1.22 billion, compared to CNY 244.46 million in Q1 2020, marking a significant increase[42] - Net profit for Q1 2021 was CNY 970.14 million, up from CNY 156.84 million in Q1 2020, representing a growth of 518.5%[42] - The company achieved a total comprehensive income of CNY 968.94 million in Q1 2021, compared to CNY 157.10 million in Q1 2020[42] Cash Flow - Net cash flow from operating activities was CNY 3.84 billion, a significant recovery from a negative cash flow of CNY 670.71 million in the same period last year[11] - The net cash flow from operating activities for Q1 2021 was ¥3,836,393,465.66, a significant improvement compared to a net outflow of ¥670,707,226.63 in Q1 2020, representing a turnaround of over 670%[49] - Total cash inflow from operating activities reached ¥20,259,278,206.03, up from ¥13,051,434,701.25 in the same period last year, indicating a year-over-year increase of approximately 55%[49] - The cash flow from operating activities netted ¥2,235,699,438.08 in Q1 2021, a substantial increase from ¥293,141,057.98 in Q1 2020, showing a growth of over 663%[52] Assets and Liabilities - Total assets increased by 7.05% to CNY 73.31 billion compared to the end of the previous year[11] - Total liabilities increased to ¥41.48 billion, up from ¥37.64 billion, representing a growth of approximately 4.84%[33] - Current liabilities totaled ¥34.90 billion, compared to ¥30.37 billion, reflecting an increase of about 14.06%[33] - The company's total assets reached ¥42.92 billion, compared to ¥39.49 billion, indicating a growth of about 8.88%[39] - Long-term borrowings decreased to ¥675 million from ¥2.55 billion, a reduction of approximately 73.5%[33] Shareholder Information - The total number of shareholders reached 266,412 by the end of the reporting period[12] - The top shareholder, Jinan Steel Group Co., Ltd., holds 30.26% of the shares, with a total of 3.31 billion shares[12] Research and Development - Research and development expenses surged to ¥554,103,544.64, marking a 168.28% increase from ¥206,539,129.35[18] - Research and development expenses in Q1 2021 were CNY 554.10 million, an increase of 168.4% compared to CNY 206.54 million in Q1 2020[42] Other Financial Metrics - The weighted average return on equity improved to 2.88%, an increase of 2.74 percentage points compared to the previous year[11] - The company reported a non-operating income of CNY 13.33 million from government subsidies closely related to its normal business operations[11] - The company reported a decrease in sales expenses by 37.96%, down to ¥92,410,503.05 from ¥148,963,555.50[18] - The tax expense for Q1 2021 was CNY 243.18 million, compared to CNY 88.30 million in Q1 2020, indicating a rise in tax obligations[42]