HZIS(SH:600126)2023-04-28 16:00Financial Performance - The net profit attributable to shareholders for Q1 2023 was CNY 5.96 billion, slightly up from CNY 5.92 billion in the same period last year[21]. - The net profit attributable to shareholders of the parent company is CNY 31,867,859.66, a decrease of 91.85% compared to the same period last year[31]. - The total comprehensive income for the period is CNY 32,288,394.58, compared to CNY 390,945,446.61 in the previous year[24]. - Net profit for Q1 2023 was ¥32,288,394.58, a significant decrease from ¥390,945,446.61 in Q1 2022, reflecting a decline of approximately 91.8%[68]. - The net profit for Q1 2023 was -25,173,005.27 RMB, a significant decrease compared to a net profit of 44,534,850.01 RMB in Q1 2022, indicating a decline of approximately 156.5% year-over-year[75]. - The total comprehensive income for Q1 2023 was -25,173,005.27 RMB, contrasting with a comprehensive income of 44,534,850.01 RMB in Q1 2022, marking a decline of approximately 156.5%[75]. Assets and Liabilities - In Q1 2023, the total assets of Hangzhou Iron & Steel Co., Ltd. reached approximately CNY 32.82 billion, an increase from CNY 28.62 billion in the previous year, representing a growth of 14.8%[21]. - The company's total liabilities amounted to CNY 12.60 billion, up from CNY 8.42 billion, indicating a significant increase of 49.5%[21]. - Total assets at the end of the period amount to CNY 32,824,165,236.38, an increase of 14.71% from the end of the previous year[32]. - As of March 31, 2023, total current assets amounted to RMB 18,684,196,466.89, an increase from RMB 14,385,668,794.87 as of December 31, 2022, representing a growth of approximately 30.6%[42]. - The total non-current assets as of March 31, 2023, included long-term equity investments valued at RMB 10,886,177,837.64, slightly up from RMB 10,884,776,677.45[51]. - Total liabilities amounted to ¥5,487,971,467.14, with current liabilities contributing significantly to this figure[65]. Cash Flow - The company's net cash flow from financing activities increased by CNY 1.33 billion year-on-year, primarily due to an increase in cash received from borrowings[13]. - The net cash flow from operating activities is negative at CNY -289,922,818.99, a decline of 122.99% compared to the previous year[31]. - The net cash flow from financing activities is CNY 951,630,908.78, a significant improvement from a negative CNY -96,190,936.88 in the previous year[26]. - The net cash flow from operating activities was -$289.92 million, a significant decrease compared to $1.26 billion in the previous year[70]. - The company reported a net cash outflow from operating activities of 289.9 million RMB in the current period[37]. - The company has reported a significant increase in cash received from operating activities, indicating improved liquidity and operational performance[76]. Revenue and Expenses - Operating revenue for the period is CNY 12,488,093,003.88, reflecting a growth of 5.71% year-over-year[31]. - Total operating costs for Q1 2023 were ¥12,436,313,885.60, compared to ¥11,299,698,245.69 in Q1 2022, indicating an increase of about 10.1%[68]. - Research and development expenses in Q1 2023 amounted to ¥98,018,764.98, up from ¥78,043,208.28 in Q1 2022, marking an increase of about 25.6%[68]. - The company incurred management expenses of approximately $14.62 million, a significant increase from $1.64 million in the previous year[74]. Shareholder Information - The company reported a total of 54,183 common shareholders at the end of the reporting period[39]. - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, representing 45.23% of total shares[39]. - The company has not identified any related party relationships among the top shareholders, except for subsidiaries controlled by Hangzhou Steel Group Co., Ltd.[39]. Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings in the upcoming quarters[21]. - The company plans to continue focusing on market expansion and new product development to drive future growth[66]. - The company is actively exploring potential mergers and acquisitions to enhance its market position and operational capabilities[66]. - The company is focusing on enhancing its operational efficiency and exploring new market opportunities as part of its strategic initiatives[79]. Accounting and Standards - The company has implemented new accounting standards effective January 1, 2023, which may impact future financial reporting and tax liabilities[78].