鞍钢股份(000898) - 2019 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2019 was RMB 24,463 million, an increase of 3.96% compared to the adjusted revenue of RMB 23,531 million in the same period last year[4]. - The net profit attributable to shareholders of the listed company was RMB 417 million, a decrease of 78.19% from the adjusted net profit of RMB 1,912 million in the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 392 million, down 75.24% from RMB 1,583 million in the same period last year[4]. - The basic earnings per share were RMB 0.058, a decrease of 78.03% compared to RMB 0.264 in the same period last year[4]. - The diluted earnings per share were RMB 0.053, down 79.92% from RMB 0.264 in the same period last year[4]. - Operating profit, total profit, net profit, and net profit attributable to shareholders of the parent company all decreased compared to the same period last year, primarily due to low steel product prices and significant increases in raw material costs[11]. - In Q1 2019, Ansteel reported a net profit of RMB 415 million, a decrease of 78.3% compared to RMB 1,910 million in Q1 2018[27]. - Net profit for Q1 2019 was RMB 320 million, a decrease of 81.94% from RMB 1,776 million in Q1 2018[34]. - The company reported a total comprehensive income of RMB 320 million for Q1 2019, down from RMB 1,776 million in Q1 2018[35]. Cash Flow - The net cash flow from operating activities was RMB 2,009 million, a significant improvement from a negative cash flow of RMB 658 million in the previous year[4]. - The net cash flow from operating activities increased by RMB 2.588 billion compared to the same period last year, attributed to a higher cash collection ratio[11]. - Cash flow from operating activities generated RMB 2,009 million in Q1 2019, a significant improvement from a negative cash flow of RMB 579 million in Q1 2018[29]. - Cash flow from operating activities generated RMB 1,407 million, compared to a negative cash flow of RMB (596) million in Q1 2018[36]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 90,457 million, an increase of 0.48% compared to RMB 90,024 million at the end of the previous year[4]. - The total assets of Ansteel as of March 31, 2019, were RMB 86,182 million, slightly up from RMB 85,821 million at the end of 2018[31]. - The company's current assets totaled RMB 27,165 million, compared to RMB 26,908 million at the end of 2018, indicating a growth of approximately 0.95%[24]. - The total liabilities stood at RMB 37,552 million, showing a marginal decrease from RMB 37,559 million at the end of 2018[25]. - The total liabilities of Ansteel as of March 31, 2019, were RMB 64,190 million, compared to RMB 64,034 million at the end of 2018[31]. - Total liabilities as of March 31, 2019, amounted to RMB 34,351 million, slightly up from RMB 34,328 million at the end of 2018[33]. Shareholder Equity - The net assets attributable to shareholders of the listed company were RMB 52,403 million, an increase of 0.85% from RMB 51,962 million at the end of the previous year[4]. - The company's equity attributable to shareholders reached RMB 52,403 million, up from RMB 51,962 million, reflecting an increase of about 0.85%[25]. - Total equity attributable to shareholders reached RMB 51,831 million, an increase from RMB 51,493 million at the end of 2018[33]. Investment and Financing Activities - The company's investment activities resulted in a net cash outflow of RMB 381 million, mainly due to increased cash payments for fixed assets and intangible assets[11]. - The company's financing activities generated a net cash outflow of RMB 1.129 billion, primarily due to a decrease in cash received from borrowings and an increase in cash paid for loan repayments[11]. - Ansteel's cash flow from investing activities was negative RMB 799 million in Q1 2019, compared to negative RMB 418 million in Q1 2018[29]. - The company’s cash flow from financing activities was negative RMB 302 million in Q1 2019, a decline from a positive cash flow of RMB 827 million in Q1 2018[29]. Other Financial Metrics - The weighted average return on equity was 0.80%, a decrease of 2.80 percentage points from 3.60% in the same period last year[4]. - The company's asset impairment losses decreased by RMB 1.1 billion compared to the same period last year, mainly due to an increase in the reversal of inventory write-downs[11]. - The company's income tax expense decreased by RMB 372 million compared to the same period last year, reflecting a decrease in profits[11]. - Research and development expenses for Q1 2019 were RMB 85 million, compared to RMB 75 million in Q1 2018, reflecting a 13.33% increase[34]. Market Trends and Risk Management - The fair value change income increased by RMB 270 million compared to the same period last year, driven by increases in the fair value of trading financial assets and convertible bonds[11]. - The fair value changes for iron ore, coking coal, and coke were reported as +129.5 RMB/ton, +70.5 RMB/ton, and +90.5 RMB/ton respectively, indicating positive market trends[20]. - The company has established a risk management framework for futures hedging, ensuring compliance with national regulations and minimizing operational risks[20].