中钢国际(000928) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥5,109,464,489.55, representing a 67.50% increase compared to ¥3,050,465,239.33 in the same period last year[12] - Net profit attributable to shareholders was ¥208,083,570.15, up 61.64% from ¥128,732,916.86 year-on-year[12] - The net profit after deducting non-recurring gains and losses was ¥159,528,393.49, reflecting a 24.71% increase from ¥127,921,261.78 in the previous year[12] - Basic earnings per share increased to ¥0.1624, a rise of 61.59% compared to ¥0.1005 in the previous year[12] - The company's net profit for the current period reached ¥216,154,124.97, a 62.6% increase compared to ¥132,909,687.05 in the previous period[21] - Operating profit increased to ¥287,905,514.92, up 67.0% from ¥172,580,049.15 year-over-year[21] - Total revenue from operating activities amounted to ¥4,383,644,587.57, a significant rise from ¥2,715,817,063.50 in the prior year, reflecting a growth of 61.4%[22] Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥893,711,474.63, a 43.98% improvement from -¥1,595,303,594.60 in the same period last year[12] - The company reported a net cash outflow from operating activities of ¥893,711,474.63, an improvement from a net outflow of ¥1,595,303,594.60 in the previous period[22] - Cash and cash equivalents at the end of the period totaled ¥6,292,256,165.62, compared to ¥3,657,398,445.31 at the end of the previous period, indicating a substantial increase[23] - The company reported a net cash outflow from financing activities of CNY -359,046,929.31, primarily due to bank loan repayments[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥26,747,562,770.90, a slight increase of 0.27% from ¥26,674,249,109.19 at the end of the previous year[12] - Total liabilities decreased to ¥19,741,284,376.82 from ¥19,875,988,110.73, indicating a reduction in financial leverage[18] - Short-term borrowings decreased by 37.50% to CNY 400,498,055.56, reflecting repayments made during the period[27] - Inventory increased to CNY 2,678,192,248.38 from CNY 2,374,219,348.09, indicating a growth in stock levels[31] Shareholder Equity - Shareholders' equity attributable to the parent company rose to ¥6,747,375,930.30, marking a 3.19% increase from ¥6,538,594,371.63 at the end of the previous year[12] - The company’s total equity has been impacted by the conversion of "Zhonggang Convertible Bonds," with a balance of ¥818,633,200.00 remaining as of March 31, 2023[53] - The company has a total share capital of 1,281,080,999 shares after the conversion of bonds[53] Expenses and Investments - Research and development expenses rose to ¥55,965,703.80, up from ¥48,247,848.99, reflecting a commitment to innovation[21] - The company achieved investment income of ¥64,593,536.91, compared to no investment income in the previous period, indicating successful investment strategies[21] - The company incurred financial expenses of ¥23,183,307.72, down from ¥29,788,747.27, showing improved cost management[21] Government and Non-Operating Income - Non-operating income from government subsidies amounted to ¥1,075,186.45, contributing positively to the financial results[50] - The company reported a total of ¥62,025,286.20 in gains from the fair value changes of trading financial assets during the reporting period[50] Management and Governance - The company is focused on maintaining accurate financial reporting and compliance, as stated by the management team[48] - The company’s major shareholders include China Steel Group, which is the controlling shareholder, indicating a strong backing in corporate governance[52]