沙钢股份(002075) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,706,046,911.12, a decrease of 4.59% compared to CNY 3,884,224,183.72 in the same period last year[5] - Net profit attributable to shareholders was CNY 42,465,895.41, down 17.53% from CNY 51,489,574.57 year-on-year[5] - The total profit for Q1 2024 was CNY 59,788,966.55, a decrease of 35.52% from CNY 92,722,457.38 in the same period last year[10] - Total operating revenue for Q1 2024 was ¥3,706,046,911.12, a decrease of 4.58% compared to ¥3,884,224,183.72 in the same period last year[19] - Net profit for Q1 2024 was ¥46,535,481.44, a decline of 43.56% from ¥82,420,982.77 in Q1 2023[20] - Total comprehensive income for the first quarter was CNY 46,535,481.44, a decrease from CNY 82,420,982.77 in the previous period[21] - Net income attributable to the parent company was CNY 42,465,895.41, down from CNY 51,489,574.57 year-over-year[21] - Basic and diluted earnings per share were both CNY 0.0194, compared to CNY 0.0235 in the previous period[21] Cash Flow - The net cash flow from operating activities was negative CNY 60,166,829.01, a decline of 161.25% compared to CNY 98,235,483.59 in Q1 2023[5] - Cash flow from operating activities showed a net outflow of CNY 60,166,829.01, a significant decline from a net inflow of CNY 98,235,483.59 in the prior year[22] - Cash inflow from investment activities totaled CNY 2,148,126,174.55, up from CNY 1,039,785,860.18 in the previous period[23] - Net cash flow from investment activities was CNY 1,410,258,723.42, a turnaround from a net outflow of CNY 208,811,847.17 last year[23] - Cash inflow from financing activities was CNY 3,227,664,728.65, compared to CNY 250,000,000.00 in the previous period[23] - The company reported a net decrease in cash and cash equivalents of CNY 1,173,246,540.11, contrasting with a decrease of CNY 381,692,559.30 in the prior year[23] - The ending balance of cash and cash equivalents was CNY 1,666,206,845.18, up from CNY 877,927,382.16 at the end of the previous period[23] Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 21,722,270,356.59, a decrease of 7.41% from CNY 23,461,052,108.79 at the end of the previous year[5] - Total liabilities decreased to ¥11,799,274,120.75 from ¥13,586,202,061.71, a decline of 13.14%[17] - The equity attributable to shareholders of the parent company increased to ¥6,542,234,899.65 from ¥6,498,998,401.59, reflecting a growth of 0.67%[17] - As of March 31, 2024, the company's total current assets amounted to CNY 13.87 billion, down from CNY 15.46 billion at the beginning of the period, reflecting a decrease of approximately 10.3%[15] - Cash and cash equivalents decreased to CNY 6.06 billion from CNY 6.42 billion, a decline of about 5.5%[15] - The company's inventory stood at CNY 2.10 billion, slightly down from CNY 2.12 billion, indicating a decrease of approximately 0.9%[15] - Accounts receivable decreased to CNY 26.70 million from CNY 44.15 million, a significant drop of about 39.4%[15] - The company reported a total of CNY 4.97 billion in trading financial assets, down from CNY 6.26 billion, representing a decrease of approximately 20.6%[15] Investments and Acquisitions - The company signed an equity transfer agreement to acquire 67% of Shandong Eagle Wheel Machinery Co., Ltd. from Northeast Special Steel Group for a transaction price of CNY 354.41 million[13] - The company completed the payment and delivery procedures for the acquisition, and the acquired company is now included in the consolidated financial statements for 2024[13] - The company experienced a 20.55% decrease in trading financial assets, totaling CNY 4,972,643,082.53, due to reduced investment in financial products[10] - The company’s investment income increased by 227.67% to CNY 49,989,169.49 compared to CNY 15,255,838.58 in Q1 2023[10] - Long-term investments amounted to ¥31,980,015.05, up from ¥30,819,020.11, indicating a growth of 3.77%[16] Research and Development - Research and development expenses increased to ¥124,667,343.06, up 32.81% from ¥93,842,078.04 in the previous year[19] Other Information - The company's weighted average return on equity was 0.66%, down from 0.80% in the same period last year[5] - The first quarter report was not audited[24] - The cash and cash equivalents at the end of the period were not disclosed but are critical for assessing liquidity and operational flexibility[16] - The company has no related party transactions or concerted actions among the top shareholders[12]