Financial Performance - Net profit attributable to shareholders was CNY -2.24 billion, a decrease of 256.59% year-on-year[5]. - Operating revenue fell by 13.10% to CNY 48.98 billion compared to the same period last year[5]. - The company's revenue for the reporting period was RMB 48,980 million, a year-on-year decrease of 13.1%, while the net loss attributable to shareholders was RMB 2,235 million, a year-on-year increase of 256.59%[9]. - Basic and diluted earnings per share were both CNY -0.289, a decrease of 256.22% year-on-year[5]. - The total profit, operating profit, and net profit decreased by 226.05%, 221.34%, and 250.60% respectively, largely influenced by macroeconomic factors such as supply shocks and reduced demand[19]. - The net loss attributable to shareholders was RMB 2.235 billion, a decrease of 256.59% compared to the previous year's profit of RMB 1.428 billion[17]. - The company's operating loss for the six months ended June 30, 2023, was RMB 2,362,608,534, compared to an operating profit of RMB 1,947,036,359 in the same period of 2022[33]. - The total profit for the six months ended June 30, 2023, was a loss of CNY (2,361,338,152), compared to a profit of CNY 1,873,342,133 for the same period in 2022[67]. Assets and Liabilities - Total assets decreased by 13.88% to CNY 83.44 billion compared to the end of the previous year[4]. - The company's total assets as of June 30, 2023, amounted to RMB 83,436,327,222, down from RMB 96,887,310,222 as of December 31, 2022, reflecting a decrease of 13.9%[32]. - The company's total liabilities decreased to RMB 52.88 billion from RMB 63.56 billion, indicating a reduction of about 17%[31]. - The asset-liability ratio at the end of the reporting period was 63.37%, a decrease of 2.23 percentage points compared to the end of 2022[14]. - The company's total current liabilities decreased to RMB 44.26 billion from RMB 54.15 billion, a reduction of about 18.3%[31]. - The company's long-term borrowings decreased to RMB 7.25 billion from RMB 7.98 billion, a decline of approximately 9.2%[31]. - The company's total equity attributable to shareholders decreased to RMB 26,856,392,704 as of June 30, 2023, from RMB 29,194,825,322 as of December 31, 2022, a decline of 8.0%[32]. Cash Flow - Net cash flow from operating activities decreased by 43.45% to CNY 1.91 billion[5]. - Cash flow from operating activities generated RMB 1,910,429,612, down from RMB 3,378,563,965 in the same period last year[39]. - The net cash flow from investment activities was RMB 3,103,866,889, compared to a negative RMB (2,139,922,312) in the same period last year[41]. - The company recorded a net decrease in cash from financing activities, with a total of RMB (4,063,041,379) compared to RMB (15,474,271,961) in the previous year[41]. - The company reported a total cash inflow from financing activities of RMB 5,965,604,671 for the six months ended June 30, 2023, a decrease of 44.5% compared to RMB 10,784,591,903 for the same period in 2022[42]. Shareholder Information - The total number of shareholders at the end of the reporting period was 158,403[6]. - The largest shareholder, Maanshan Iron & Steel (Group) Co., Ltd., holds 47.17% of the shares[6]. - The company did not propose any profit distribution or capital reserve transfer to share capital during the reporting period[2]. - The company declared a cash dividend of RMB 0.02 per share for the year 2022, totaling RMB 155,395,744, significantly lower than RMB 2,721,505,915 in 2022[55]. Production and Operations - In the first half of 2023, the company produced 9.39 million tons of pig iron, 10.29 million tons of crude steel, and 10.13 million tons of steel products, representing year-on-year decreases of 2.39%, 6.28%, and 5.33% respectively[9]. - The company achieved a hot charging rate of 75.65%, an increase of 2.71 percentage points compared to last year, and the TPC turnover rate improved by 11.4% to 4.01 times per day[10]. - The company plans to maintain stable production with a daily output of over 44,000 tons from its blast furnaces to improve operational efficiency[21]. - The company aims to enhance its marketing effectiveness by accurately identifying customer needs and expanding its overseas market presence, particularly in key markets like the Belt and Road Initiative[22]. - The company will focus on cash management, ensuring liquidity to support operations and controlling project investments to optimize asset utilization[23]. Research and Development - The company developed 27 new products and passed 25 product certifications by the end of June 2023 as part of its new product ramp-up plan[11]. - Research and development expenses for the six months ended June 30, 2023, were RMB 643,423,988, slightly down from RMB 663,418,837 in the same period of 2022[33]. Risk Management - The company continues to focus on risk management, ensuring that various risks are under control, including strategic, financial, market, operational, legal, and environmental risks[16]. - The company maintained effective internal controls over significant aspects of its operations, as confirmed by the board on March 30, 2023[15]. Corporate Governance - The board of directors includes both executive and independent non-executive members[73]. - The chairman of the board is Ding Yi[73]. - The financial statement was approved on August 30, 2023[73]. - As of June 30, 2023, the company does not have any significant unresolved litigation[72].
马鞍山钢铁股份(00323) - 2023 - 中期业绩