中钢国际(000928) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,772,485,237.27, representing a 35.85% increase compared to ¥2,040,834,826.10 in the same period last year[8]. - Net profit attributable to shareholders was ¥122,637,707.32, a significant increase of 1,290.85% from ¥8,817,486.58 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥105,542,542.42, up 61.43% from ¥65,381,713.84 year-on-year[8]. - The basic earnings per share rose to ¥0.0976, a 1,294.29% increase compared to ¥0.0070 in the same period last year[8]. - The diluted earnings per share also increased to ¥0.0969, reflecting a growth of 1,284.29% from ¥0.0070[8]. - The weighted average return on equity was 2.15%, up from 0.17% in the previous year, indicating improved profitability[8]. - Total revenue increased by 36% to CNY 2,772,485,237.27 compared to CNY 2,040,834,826.10 in the previous period[22]. - Net profit attributable to shareholders surged by 1,291% to CNY 122,637,707.32 from CNY 8,817,486.58 year-on-year[22]. - Basic earnings per share for the current period was 0.0976, compared to 0.0070 in the previous period, indicating improved shareholder value[73]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥2,157,774,052.90, a decline of 177.97% compared to -¥776,262,227.62 in the same period last year[8]. - Cash flow from operating activities decreased by 178% to -CNY 2,157,774,052.90, primarily due to increased payments to subcontractors[22]. - Cash inflow from operating activities totaled 1,760,629,109.64, down from 2,157,522,383.12 in the previous period, reflecting a decrease of approximately 18.4%[85]. - Cash outflow from operating activities increased to 3,918,403,162.54, compared to 2,933,784,610.74 in the previous period, representing an increase of about 33.7%[85]. - Cash inflow from financing activities reached 1,090,480,000.00, significantly higher than 378,892,396.54 in the previous period[87]. - Net cash flow from financing activities improved to 811,579,760.20, compared to 162,310,939.84 in the previous period[87]. - The ending balance of cash and cash equivalents was 2,368,241,686.07, up from 1,894,161,887.54 in the previous period[87]. - The company reported a significant increase in cash received from borrowings, totaling 1,014,301,862.77, compared to 378,892,396.54 in the previous period[87]. - The company experienced a net decrease in cash and cash equivalents of -1,380,954,305.65, compared to -635,860,514.14 in the previous period[87]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,125,727,879.00, a decrease of 2.96% from ¥19,708,894,841.57 at the end of the previous year[8]. - Total liabilities amounted to CNY 13,173,001,518.05, a decrease from CNY 13,952,207,973.52 year-over-year[56]. - Non-current liabilities totaled CNY 1,099,509,749.67, significantly up from CNY 284,473,809.34 in the previous year[56]. - Total current liabilities decreased to CNY 12,073,491,768.38 from CNY 13,667,734,164.18 year-over-year[56]. - Total current assets decreased slightly to CNY 15,879,595,496.92 from CNY 15,843,671,206.52, a change of CNY -35,924,290.40[95]. - Non-current assets increased to CNY 3,829,299,344.65 from CNY 3,900,756,288.42, reflecting an adjustment of CNY 71,456,943.77[95]. - Total equity attributable to shareholders reached CNY 5,835,761,945.23, an increase from CNY 5,641,369,451.07 year-over-year[56]. Research and Development - R&D expenses rose significantly by 2,756% to CNY 37,449,184.34, driven by initiatives for metallurgical process technology innovation[22]. - Research and development expenses increased to 37,449,184.34 from 1,311,389.96, showing a focus on innovation[69]. Government and Legal Matters - The company received government subsidies totaling CNY 9,793,959.90 for various projects, marking an 88% increase[22]. - The company is currently involved in several litigation cases, with a total amount in dispute of CNY 1,646,000.00 related to a trade contract dispute[23]. Projects and Contracts - The company is currently constructing the Inner Mongolia (Naiman) 1.2 million tons nickel-iron alloy EPC project, with workshops 1, 2, and 3 having completed equipment installation and being ready for production[36]. - The total contract amount for the MMK250 coking EPC project with Magnitogorsk Iron and Steel Works is CNY 496,242.46 million, with a progress of 3.12% and recognized sales revenue of CNY 257.19 million[37]. - The ZARAND comprehensive steel plant EPC project has a total contract amount of CNY 458,799.50 million, with a progress of 95.98%[37]. - The TOSYALI 230 comprehensive steel plant EPC project is fully completed with a total contract amount of CNY 380,742.73 million[37].