鞍钢股份(000898) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was RMB 34,927 million, an increase of 9.77% compared to RMB 31,817 million in the same period last year[3]. - The net profit attributable to shareholders was RMB 1,482 million, a decrease of 1.20% from RMB 1,500 million in the previous year[3]. - Operating profit for Q1 2022 was RMB 2,048 million, slightly up from RMB 2,027 million in Q1 2021[18]. - The total operating costs for Q1 2022 were RMB 33,387 million, up from RMB 29,873 million in Q1 2021, indicating a rise of 11.1%[18]. - The company reported a net cash increase of RMB 1,086 million in Q1 2022, reversing a decrease of RMB 1,610 million in Q1 2021[19]. Cash Flow and Investments - The net cash flow from operating activities was RMB 1,975 million, reflecting a 4.06% increase from RMB 1,898 million year-on-year[3]. - The net outflow of cash from investment activities increased by RMB 162 million compared to the same period last year, primarily due to higher cash payments for fixed assets[8]. - The net outflow of cash from financing activities decreased by RMB 2,781 million year-on-year, mainly due to a reduction in cash received from borrowings[8]. Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 101,137 million, representing a 2.52% increase from RMB 98,652 million at the end of the previous year[4]. - Total liabilities as of March 31, 2022, amounted to RMB 39,511 million, an increase from RMB 37,415 million as of December 31, 2021[16]. - Current assets totaled RMB 35,388 million, up from RMB 32,541 million year-over-year[14]. - Cash and cash equivalents increased to RMB 6,484 million from RMB 5,398 million[14]. - Accounts receivable rose to RMB 2,171 million compared to RMB 1,894 million in the previous year[14]. - Inventory decreased to RMB 17,843 million from RMB 19,059 million[14]. Research and Development - R&D expenses increased by RMB 75 million compared to the same period last year, primarily due to higher costs associated with new product trials[7]. - Research and development expenses increased to RMB 212 million in Q1 2022, up 54.8% from RMB 137 million in Q1 2021[18]. Shareholder Information - The company completed the repurchase and cancellation of 2,229,750 restricted shares as part of the 2020 incentive plan, reducing total share capital[12]. - The company’s major shareholders include Anshan Iron and Steel Group Co., Ltd. with a 53.35% stake and Hong Kong Central Clearing Limited with a 14.87% stake[10]. - Total equity attributable to shareholders of the parent company was RMB 61,093 million as of March 31, 2022, compared to RMB 60,711 million at the end of 2021[16]. Management Changes - The company appointed Yang Xu as the new Vice General Manager on March 25, 2022[12]. Asset Valuation - The company’s long-term equity investments stood at RMB 3,106 million, slightly up from RMB 3,071 million[14]. - The company’s fixed assets were valued at RMB 48,238 million, a decrease from RMB 48,558 million[14]. - The weighted average return on net assets was 2.41%, down 0.32 percentage points from 2.73% in the previous year[4]. - The company completed the acquisition of the net assets of the second power plant under Anshan Iron and Steel Group, which was approved by the board of directors[4].