Financial Performance - The company's operating revenue for the first quarter of 2024 was RMB 27,343 million, a decrease of 11.35% compared to RMB 30,844 million in the same period last year[2]. - The net profit attributable to shareholders of the listed company was a loss of RMB 1,657 million, representing a significant decline of 1,012.08% from a loss of RMB 149 million in the previous year[2]. - The basic earnings per share were RMB -0.177, a decrease of 1,006.25% compared to RMB -0.016 in the previous year[2]. - Net loss for Q1 2024 was RMB 1,650 million, compared to a net loss of RMB 145 million in Q1 2023, indicating a significant decline in profitability[17]. - Net loss attributable to the parent company for Q1 2024 was RMB 1,519 million, compared to a net loss of RMB 305 million in Q1 2023[27]. Cash Flow - The net cash flow from operating activities was RMB 751 million, down 70.62% from RMB 2,556 million in the same period last year[2]. - The net cash inflow from operating activities decreased by RMB 1,805 million compared to the same period last year, primarily due to a decrease in cash received from sales of goods and services by RMB 5,628 million[7]. - Operating cash flow for Q1 2024 was RMB 751 million, a decrease of 70.7% from RMB 2,556 million in Q1 2023[20]. - Total cash inflow from financing activities in Q1 2024 was RMB 1,170 million, down 66.8% from RMB 3,530 million in Q1 2023[30]. - Cash received from operating activities in Q1 2024 was RMB 22,567 million, down 18.2% from RMB 27,593 million in Q1 2023[29]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 98,241 million, an increase of 1.26% from RMB 97,014 million at the end of the previous year[2]. - Current assets totaled RMB 28,087 million as of March 31, 2024, an increase of 3.6% from RMB 27,119 million on December 31, 2023[13]. - Total liabilities increased to RMB 44,497 million as of March 31, 2024, up from RMB 41,623 million on December 31, 2023, representing a rise of 6.7%[14]. - Total equity attributable to shareholders decreased to RMB 53,049 million from RMB 54,704 million, a decline of 3.0%[15]. - The company’s total equity decreased to RMB 50,740 million as of March 31, 2024, down from RMB 52,330 million at the end of 2023[25]. Research and Development - The company's R&D expenses decreased by RMB 54 million compared to the same period last year, primarily due to reduced trial production costs[5]. - The company incurred research and development expenses of RMB 80 million in Q1 2024, down from RMB 134 million in Q1 2023, a reduction of 40.3%[16]. - The company reported a decrease in R&D expenses to RMB 66 million in Q1 2024 from RMB 112 million in Q1 2023, a reduction of 41.1%[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,940, with 455 H-share shareholders[8]. - The largest shareholder, Anshan Iron and Steel Group Co., Ltd., holds 53.45% of the shares, amounting to 5,016,111,529 shares[9]. - Hong Kong Central Clearing Limited holds 14.91% of the shares, amounting to 1,398,802,324 shares[9]. - China National Petroleum Corporation holds 9.00% of the shares, amounting to 845,000,000 shares[9]. - The top ten shareholders include several state-owned enterprises, indicating a significant concentration of ownership[10]. Market Conditions - The company experienced a decrease in operating profit, total profit, and net profit due to the downward trend in the steel market, which affected steel prices[6].
鞍钢股份(00347) - 2024 Q1 - 季度业绩