鞍钢股份(000898) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was RMB 31,878 million, representing a 56.75% increase compared to RMB 20,337 million in the same period last year[4] - Net profit attributable to shareholders was RMB 1,520 million, a significant increase of 420.55% from RMB 292 million year-on-year[4] - The net profit after deducting non-recurring gains and losses reached RMB 1,530 million, up 462.50% from RMB 272 million in the previous year[4] - Basic earnings per share increased to RMB 0.162, up 422.58% from RMB 0.031 in the same quarter last year[4] - Diluted earnings per share also rose to RMB 0.160, reflecting a 416.13% increase compared to RMB 0.031 in the previous year[4] - Operating profit for Q1 2021 was RMB 2,047 million, compared to RMB 359 million in Q1 2020, indicating a substantial increase of 469.4%[21] - Net profit for Q1 2021 was RMB 1,529 million, up from RMB 291 million in Q1 2020, representing a growth of 424.4%[21] Cash Flow and Assets - The net cash flow from operating activities was RMB 1,908 million, a turnaround from a negative RMB 3,064 million in the same period last year, marking a 162.27% improvement[4] - The net cash flow from operating activities increased by RMB 4,972 million, with cash received from sales rising by RMB 14,128 million[9] - Cash flow from operating activities generated RMB 1,908 million in Q1 2021, a turnaround from a negative cash flow of RMB 3,064 million in Q1 2020[22] - Cash and cash equivalents at the end of Q1 2021 were RMB 3,745 million, an increase from RMB 2,817 million at the end of Q1 2020[22] - Total assets at the end of the reporting period were RMB 89,354 million, a 1.49% increase from RMB 88,046 million at the end of the previous year[4] - Total assets as of March 31, 2021, amounted to RMB 89,354 million, an increase from RMB 88,046 million at the end of 2020[20] Shareholder Information - Net assets attributable to shareholders increased to RMB 54,926 million, up 2.93% from RMB 53,365 million at the end of the last fiscal year[4] - The total number of ordinary shareholders at the end of the reporting period was 90,489, including 484 H-share holders[6] - The company's total equity increased to RMB 55,429 million as of March 31, 2021, compared to RMB 53,858 million at the end of 2020[20] Costs and Expenses - Operating costs rose by RMB 9,783 million year-on-year, mainly due to increased sales volume and raw material price hikes[8] - R&D expenses increased by RMB 60 million, attributed to higher costs for new product trials[8] - Research and development expenses rose to RMB 137 million in Q1 2021, up from RMB 77 million in Q1 2020, reflecting a focus on innovation[21] Investments and Financial Instruments - Investment income rose by RMB 35 million, driven by increased returns from joint ventures and associates[8] - The company reported a significant increase in investment income, reaching RMB 1,129 million in Q1 2021, compared to RMB 40 million in Q1 2020[27] - The company reported a fair value change in rebar of +610 RMB/ton and hot-rolled coil of +912 RMB/ton during the reporting period[14] - The company has conducted regular market analysis to manage risks associated with its derivative positions[13] Liabilities and Borrowings - Total liabilities decreased slightly to RMB 33,925 million as of March 31, 2021, from RMB 34,188 million at the end of 2020[20] - Short-term borrowings decreased by RMB 4,380 million, reflecting repayment of bank loans[9] - Total liabilities rose to RMB 32,340 million as of March 31, 2021, compared to RMB 31,900 million at the end of 2020[26] Risk Management - The company has established a foreign exchange risk management framework, including a foreign exchange fund management approach to mitigate risks associated with currency fluctuations[14] - The company has implemented a futures hedging management approach to control operational risks effectively[14] - The company has no liquidity risk associated with its derivative investments, as the underlying assets are highly liquid[13] Commitments and Compliance - The company has no overdue commitments from major shareholders or related parties during the reporting period[11] - The commitment from Anshan Iron and Steel Group to avoid competition remains unviolated and is effective until certain conditions are met[11] - The company has taken effective measures to avoid and eliminate competition with Anshan Iron and Steel Group[11] Reporting and Auditing - The first quarter report for 2021 has not been audited[29] - The report includes a retrospective adjustment for the new leasing standards starting in 2021[29] - Future outlook and performance guidance are not detailed in the report[29] - There are no mentions of new products or technologies in development[29] - The report does not include any new strategic initiatives[29]