鞍钢股份(000898) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was RMB 27,343 million, a decrease of 11.35% compared to RMB 30,844 million in the same period last year[3]. - The net profit attributable to shareholders of the listed company was a loss of RMB 1,657 million, compared to a loss of RMB 149 million in the previous year, representing a decrease of 1,012.08%[3]. - Basic earnings per share were RMB -0.177, compared to RMB -0.016 in the previous year, reflecting a decrease of 1,006.25%[3]. - Net profit for Q1 2024 was a loss of RMB 1,650 million, compared to a loss of RMB 145 million in Q1 2023, indicating a significant decline in profitability[18]. - Net profit for Q1 2024 was a loss of RMB 1,519 million, compared to a loss of RMB 305 million in Q1 2023, indicating a significant decline in profitability[24]. Cash Flow and Liquidity - 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[3]. - The net cash inflow from operating activities decreased by RMB 1,805 million, primarily due to a reduction in cash received from sales of goods and services[7]. - The net increase in cash and cash equivalents decreased by RMB 1,539 million compared to the same period last year, influenced by reduced cash inflows from operating activities[8]. - Cash flow from operating activities generated RMB 751 million in Q1 2024, a decrease of 70.7% from RMB 2,556 million in Q1 2023[19]. - The company reported a decrease in cash and cash equivalents to RMB 1,372 million at the end of Q1 2024, down from RMB 4,308 million at the end of Q1 2023[25]. Assets and Liabilities - The 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[3]. - The company's total liabilities increased to RMB 44,497 million as of March 31, 2024, compared to RMB 41,623 million at the end of 2023, representing a rise of 6.73%[16]. - Total liabilities increased to RMB 42,625 million as of March 31, 2024, up from RMB 39,528 million at the end of 2023, representing an increase of 5.3%[23]. - The company's total assets increased to RMB 93,365 million as of March 31, 2024, compared to RMB 91,858 million at the end of 2023, an increase of 1.6%[23]. Shareholder Information - The company reported a total of 105,940 shareholders, with the largest shareholder, Anshan Iron and Steel Group, holding 53.45% of the shares[10]. - The company has a total of 5,016,111,529 shares held by its largest shareholder, Anshan Iron and Steel Group[10]. Research and Development - Research and development expenses decreased by RMB 54 million compared to the same period last year, primarily due to reduced costs for new product trials[6]. - Research and development expenses for Q1 2024 were RMB 66 million, significantly lower than RMB 112 million in Q1 2023, a reduction of 41.1%[24]. Other Income and Expenses - Other income increased by RMB 5 million year-on-year, mainly due to an increase in government subsidies received[6]. - The company’s financial expenses decreased to RMB 56 million in Q1 2024 from RMB 72 million in Q1 2023, a reduction of 22.2%[18]. - The company’s financial expenses for Q1 2024 were RMB 68 million, down from RMB 92 million in Q1 2023, a decrease of 26.1%[24]. Inventory and Receivables - Accounts receivable increased significantly to RMB 2,479 million, up from RMB 1,693 million, marking a growth of 46.36%[15]. - Inventory levels decreased to RMB 15,467 million from RMB 16,565 million, a reduction of 6.61%[15]. - Inventory levels decreased to RMB 11,988 million in Q1 2024 from RMB 13,210 million in Q4 2023, a reduction of 9.2%[21].