Financial Performance - Operating revenue decreased by 10.27% to RMB 102,154 million in 2022 from RMB 113,851 million in 2021[8] - The net profit attributable to shareholders of the listed company was a loss of RMB 858 million in 2022, a decline of 116.09% compared to a profit of RMB 5,332 million in 2021[8] - The basic earnings per share for 2022 was -0.115 yuan, a decrease of 116.62% from 0.692 yuan in 2021[8] - The net profit after deducting non-recurring gains and losses was -1,111 million in 2022, a decline of 120.53% from 5,413 million in 2021[8] - The group produced 17.78 million tons of pig iron, 20 million tons of crude steel, and 19.89 million tons of steel, representing year-on-year decreases of 2.48%, 4.59%, and 2.69% respectively[19] - The company’s weighted average return on net assets was -2.77% in 2022, down from 17.44% in 2021[8] - Operating profit turned into a loss of CNY -483.95 million compared to a profit of CNY 7.37 billion in the same period last year, a decline of 106.57%[27] - Net loss attributable to shareholders was CNY -858.23 million, a decrease of 116.09% from CNY 5.33 billion in the previous year[27] - The company achieved a net profit of RMB 322 million for the year 2022, with distributable profits for shareholders amounting to RMB 4,619 million at the end of 2022[66] Assets and Liabilities - Total assets for 2022 reached RMB 96,887 million, an increase of 6.23% compared to RMB 91,208 million in 2021[8] - Net assets attributable to shareholders of the listed company were RMB 29,195 million, a year-on-year decrease of 10.86%[19] - Total liabilities increased to RMB 63.56 billion in 2022, up from RMB 53.80 billion in 2021, representing an increase of 18.5%[78] - Current liabilities totaled RMB 54.15 billion in 2022, compared to RMB 46.82 billion in 2021, reflecting an increase of 15.5%[78] - The company’s cash and cash equivalents decreased from RMB 6.668 billion in 2021 to RMB 6.535 billion in 2022, a decline of approximately 2%[76] - The company reported a significant increase in accounts payable, which rose to RMB 17.22 billion in 2022 from RMB 10.44 billion in 2021, an increase of 64.7%[78] Cash Flow - The net cash flow from operating activities was RMB 6,642 million, down 60.41% from RMB 16,774 million in 2021[8] - Cash inflow from operating activities decreased by 60.41%, attributed to reduced cash receipts from sales and services[29] - Operating cash flow for 2022 was RMB 6.64 billion, a decrease of 60.3% from RMB 16.77 billion in 2021[84] - Cash inflow from investment activities was RMB 24.11 billion, down 25.3% from RMB 32.28 billion in 2021[85] - Net cash outflow from investment activities was RMB 7.10 billion, compared to RMB 10.72 billion in 2021, indicating a 33.5% improvement[85] Dividends and Shareholder Information - The company plans to distribute a final dividend of RMB 0.02 per share for the year 2022, pending approval at the annual general meeting[2] - The total remuneration for the auditing firm, Ernst & Young Hua Ming, for the year amounted to RMB 3.66 million, including RMB 2.21 million for the 2021 audit[67] - The company has not repurchased any of its listed shares during the reporting period[68] - The company plans to distribute a cash dividend of RMB 0.02 per share for 2022, totaling approximately RMB 155,477,344, pending shareholder approval[104] Operational Efficiency and Production - The company achieved a steel production per capita of 1,336 tons, reflecting improved personnel efficiency[26] - The company completed the upgrade of the B blast furnace in 84 days, enhancing production capacity[21] - The company launched 9 new products, including the world's first low-noise wheels for B-type subways and high-speed rail axles[23] - The company’s solid waste recycling rate reached 27.2%, demonstrating commitment to environmental sustainability[23] - The comprehensive equipment efficiency (OEE) reached 76.3%, recognized as a national equipment management excellence[21] Market and Economic Conditions - Operating revenue decreased by 10.27% compared to the previous year, primarily due to economic downturn and shrinking demand[28] - The average annual value of the China Steel Price Index (CSPI) was 122.78 points, a year-on-year decrease of 13.55%[17] - The average price index for iron ore was 435.63 points, a year-on-year decrease of 24.4%[18] - The average price index for coking coal was 2,319.5 points, a year-on-year increase of 23.6%[18] - The company anticipates that the steel industry will face significant operational pressure in the short term due to supply-demand imbalances and external complexities[52] Research and Development - Research and development expenses increased by 1.64% to CNY 1.17 billion from CNY 1.15 billion year-on-year[27] - The company was recognized as a national high-tech enterprise, underscoring its commitment to innovation and technology[23] - The company is committed to high-end development and strengthening technological innovation capabilities, with a focus on new product R&D and production[59] Compliance and Governance - The company has established a comprehensive compliance management system to strengthen decision-making legality and compliance review[6] - The company has adhered to all provisions of the Corporate Governance Code as per the Hong Kong Stock Exchange regulations in 2022[71] - The company implemented a risk control system to prevent systemic risks and improve internal control management levels[6] Environmental and Sustainability Initiatives - The company is focusing on enhancing safety and stability in resource supply, optimizing the structure of coal and ore usage, and increasing the proportion of economic scrap steel[58] - The company is advancing digital transformation through smart manufacturing and intelligent management, aiming to improve operational efficiency[60] - The company is committed to implementing low-carbon and zero-carbon product roadmaps, enhancing product carbon footprint certification and collaborating with users on low-carbon product trials[59]
马鞍山钢铁股份(00323) - 2022 - 年度业绩