CISC(601005)2023-04-27 16:00Financial Performance - In Q1 2023, Chongqing Steel reported a net loss of CNY 105,451,906.05, compared to a net profit of CNY 442,999,067.32 in the same period last year[10]. - The company's operating profit for Q1 2023 was -CNY 114,045,817.56, a significant decline from CNY 591,248,783.90 in Q1 2022[10]. - The company reported a total comprehensive loss of CNY 105,451,906.05 for Q1 2023, mirroring the net loss figure[10]. - The net profit for Q1 2023 was a loss of ¥122,269,851.32, compared to a profit of ¥391,769,667.61 in Q1 2022[57]. - The net profit attributable to shareholders for Q1 2023 was a loss of CNY 105,451,906.05, a decrease of 123.80% compared to the same period last year[75]. Revenue and Costs - Total operating revenue for Q1 2023 reached ¥10,470,409,086.22, an increase of 20.1% compared to ¥8,720,405,782.79 in Q1 2022[50]. - The company's operating revenue for Q1 2023 was CNY 10,470,409,086.22, representing a year-on-year increase of 20.07%[75]. - Total operating costs for Q1 2023 were ¥10,607,423,444.43, up from ¥8,195,033,135.10 in Q1 2022, reflecting a year-over-year increase of 29.5%[50]. - The company’s total operating costs for Q1 2023 were ¥10,652,107,907.40, up from ¥8,036,501,504.62 in Q1 2022[56]. Cash Flow - The net cash flow from operating activities for Q1 2023 was -1,027,469,422.83 RMB, a decrease compared to 278,512,003.46 RMB in Q1 2022[17]. - Cash inflow from operating activities totaled 9,592,778,468.97 RMB, up from 7,443,616,534.80 RMB in the same period last year, representing an increase of approximately 29%[17]. - Cash outflow from operating activities increased to 10,620,247,891.80 RMB, compared to 7,165,104,531.34 RMB in Q1 2022, marking a rise of about 48%[17]. - The company reported a net cash decrease of ¥2,080,268,309.47 in Q1 2023, compared to a decrease of ¥2,705,710,867.85 in Q4 2022, indicating a reduction in cash outflow[doc id='37']. Assets and Liabilities - Total assets at the end of Q1 2023 were 38,940,427,129.72 RMB, down 1.08% from 39,364,800,403.02 RMB at the end of the previous year[26]. - The company’s total liabilities decreased to 17,701,418,205.88 RMB from 18,022,882,702.66 RMB, indicating a reduction in financial obligations[34]. - The total liabilities decreased from ¥17,939,261,242.26 in the previous period to ¥17,644,437,223.82[54]. - The total assets as of March 31, 2023, were CNY 38,940,427,129.72, a slight decrease from CNY 39,364,800,403.02 at the end of 2022[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 168,546[22]. - The largest shareholder, Chongqing Changshou Steel Co., Ltd., held 2,096,981,600 shares, representing 23.51% of the total shares[22]. - The equity attributable to shareholders of the listed company decreased by 0.48% to 21,239,008,923.84 RMB from 21,341,917,700.36 RMB at the end of the previous year[26]. Research and Development - Research and development expenses for Q1 2023 were CNY 7,405,741.15, indicating ongoing investment in innovation despite financial losses[10]. - Research and development expenses for Q1 2023 were ¥7,405,741.15, indicating ongoing investment in innovation[56]. Financial Expenses and Tax - Financial expenses for Q1 2023 amounted to CNY 53,747,225.27, down from CNY 77,075,937.02 in Q1 2022[10]. - The company's cash and cash equivalents at the end of the period were ¥1,857,324,578.40, down from ¥3,126,340,652.26 in the previous year[59]. - Chongqing Steel's tax expenses for Q1 2023 were CNY 33,637,814.07, compared to CNY 35,826,337.06 in the previous year[10].