ANSTEEL(SZ:000898)2023-06-21 09:16Group 1: Financial Performance - The company reported a significant decline in performance in Q1 2023, resulting in a net loss attributed to shareholders due to a sharp drop in steel prices [1] - The operating environment for the steel industry remains under severe pressure, with high costs and low demand impacting profitability [1] Group 2: Capital Expenditure Plans - In 2023, the company plans to invest approximately RMB 37.09 billion in fixed assets and external investments, primarily funded by self-owned capital, with bank loans and bond issuance as supplementary sources [1] - The investments will focus on technological upgrades, information technology improvements, and equipment maintenance [1] Group 3: Production Capacity and Product Development - The company has a total production capacity of approximately 5.6 million tons for medium and thick plates, which are primarily used in shipbuilding, marine engineering, and other industries [1] - The company is accelerating the development of high-end products such as high manganese steel and low-temperature high-pressure steel to align with market trends towards larger, more diverse, and environmentally friendly marine products [1] Group 4: Export Performance - The company has capitalized on the tightening international steel supply, leading to a steady increase in steel prices and a growth in export orders [2] - The company has a combined production capacity of approximately 1.1 million tons for non-oriented and oriented silicon steel, with a production output of about 1.16 million tons in 2022 [2]