凌钢股份(600231) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥5,184,547,532.62, representing a decrease of 6.27% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥319,584,884.42, a decline of 794.92% year-over-year[6]. - Basic and diluted earnings per share were both -¥0.11, reflecting a decrease of 650.00% compared to the same period last year[6]. - The operating profit for Q1 2024 was a loss of ¥402,729,416.70, contrasting with a profit of ¥65,112,483.00 in Q1 2023[25]. - The net profit for Q1 2024 was a loss of ¥319,584,884.42, compared to a profit of ¥45,988,853.38 in Q1 2023, representing a significant decline[26]. - Total operating costs increased to ¥5,592,948,963.18 in Q1 2024, up 2.4% from ¥5,461,756,621.48 in Q1 2023[25]. - The company reported a tax expense of -¥80,431,605.97 for Q1 2024, compared to ¥18,147,235.86 in Q1 2023[25]. - The financial expenses for Q1 2024 were ¥13,752,560.02, significantly higher than ¥707,588.01 in Q1 2023[25]. Cash Flow - The net cash flow from operating activities was negative at ¥632,253,269.77, down 1,556.14% from the previous year[6]. - Cash flow from operating activities in Q1 2024 was ¥4,950,438,170.44, down from ¥5,309,249,601.29 in Q1 2023[28]. - Total cash inflow from operating activities amounted to $5.46 billion, while cash outflow reached $6.09 billion, resulting in a net cash outflow[29]. - Cash and cash equivalents decreased to RMB 1,665,795,401.05 from RMB 2,911,767,876.33, representing a decline of approximately 42.61%[20]. - The company paid $667.43 million in debt repayments during the financing activities, compared to $300.35 million in the previous year[29]. - The cash outflow for purchasing goods and services was $5.56 billion, an increase from $4.22 billion year-over-year[29]. - The company reported a cash outflow of $104.62 million related to other operating activities, a decrease from $677.18 million in the previous year[29]. - The company did not report any cash inflow from investment activities, with total cash outflow for investments at $171.97 million[29]. Assets and Liabilities - Total assets at the end of Q1 2024 were ¥15,249,042,413.92, down 7.36% from the end of the previous year[7]. - The company's current assets totaled RMB 3,815,998,865.82, down from RMB 5,376,366,006.60 at the end of 2023, indicating a decrease of about 29.05%[20]. - Total liabilities as of Q1 2024 were ¥8,139,228,822.54, a decrease from ¥9,037,122,351.55 in the previous year[22]. - Total current liabilities decreased to RMB 6,325,303,401.29 from RMB 7,325,195,877.42, a decline of approximately 13.66%[21]. - The company's long-term equity investments increased to RMB 10,248,861.75 from RMB 9,983,693.63, reflecting an increase of about 2.67%[21]. Related Party Transactions - The company purchased iron ore from its controlling shareholder, Lingyuan Steel Group, for a total amount of RMB 1.186 billion, accounting for 76.62% of similar transactions[12]. - The company reported a purchase of scrap steel from Lingyuan Steel Group amounting to RMB 502 million, representing 99.54% of similar transactions[12]. - The company sold high furnace gas to Lingyuan Steel Group for RMB 95 million, achieving 100% of the market price[13]. - The company engaged in various related party transactions, including the purchase of coking coal for RMB 326 million, which accounted for 27.40% of similar transactions[12]. - The company’s controlling shareholder provided repair services amounting to RMB 25.97 million, representing 43.27% of similar transactions[12]. - The company purchased electricity from Lingyuan Steel Group for RMB 364 million, achieving 95.53% of the market price[12]. - The company’s controlling shareholder sold steam for RMB 42.73 million, achieving 99.88% of the market price[13]. Shareholder Information - The top shareholder, Lingyuan Iron and Steel Group Co., Ltd., holds 35.52% of the shares, with 242 million shares pledged[11]. - The company’s major shareholder, Hongyun Capital, reduced its shareholding by 28.52 million shares, reaching a holding ratio of 5.32% after the forced sale of shares[14]. Government Support - The company received government subsidies amounting to ¥2,311,837.38, which are closely related to its normal business operations[8]. Legal Matters - The company is involved in a civil lawsuit with Jiangsu Bank Shenzhen Branch, which may impact its financial position[16].