鞍钢股份(000898) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 55,449 million, a decrease of 7.69% compared to CNY 60,067 million in the same period last year[13]. - The net profit attributable to shareholders of the listed company was CNY -2,689 million, representing a 100.07% decline from CNY -1,344 million in the previous year[13]. - The net cash flow from operating activities was CNY 572 million, down 77.26% from CNY 2,515 million in the same period last year[13]. - The basic earnings per share were CNY -0.287, a decrease of 100.70% compared to CNY -0.143 in the previous year[13]. - The total profit for the company was RMB -2,623 million, representing a decline of 48.95% year-on-year[24]. - The company reported a total comprehensive loss for the first half of 2024 was RMB 2,657 million, compared to a loss of RMB 1,288 million in the same period of 2023[109]. - The net loss for the first half of 2024 was RMB 2,673 million, compared to a net loss of RMB 1,328 million in the same period of 2023, indicating a significant increase in losses[109]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 96,702 million, a decrease of 0.82% from CNY 97,506 million at the end of the previous year[13]. - The total liabilities increased to RMB 43,658 million as of June 30, 2024, up from RMB 41,901 million at the end of 2023, representing a growth of 4%[108]. - The total equity attributable to shareholders decreased to RMB 52,041 million from RMB 54,761 million, a decline of 5%[108]. - The current ratio decreased by 6.49% to 0.72, while the asset-liability ratio increased by 2.18 percentage points to 45.15%[104]. - The total non-current liabilities increased to RMB 7,199 million as of June 30, 2024, compared to RMB 6,470 million at the end of 2023, marking an increase of 11%[108]. Cash Flow - Cash and cash equivalents decreased to 3,055 million RMB from 3,319 million RMB[106]. - The net cash flow from operating activities for the first half of 2024 was RMB 572 million, a decrease of 77.3% compared to RMB 2,515 million in the same period last year[110]. - Cash inflow from financing activities totaled RMB 5,077 million, a decrease of 5.7% compared to RMB 5,385 million in the same period last year[110]. - The net cash flow from financing activities was RMB 376 million, a significant recovery from a net outflow of RMB 2,406 million in the previous year[110]. Production and Sales - In the first half of 2024, the company's iron, steel, and material production reached 12.13 million tons, 12.86 million tons, and 12.10 million tons, respectively, representing decreases of 8.23%, 6.99%, and 4.15% year-on-year[18]. - The company sold 12.01 million tons of steel, a decrease of 6.07% compared to the same period last year, achieving a steel sales rate of 99.28%[18]. - The average domestic steel price index for the first half of 2024 was 108.19 points, reflecting a year-on-year decline of 4.89%[16]. - The company exported 53.4 million tons of steel in the first half of 2024, marking a year-on-year increase of 24.0%[17]. Research and Development - The company has increased its R&D investment, with three projects included in the State-owned Assets Supervision and Administration Commission's recommended list for technological innovation achievements[18]. - Research and development expenses for the first half of 2024 were RMB 191 million, down from RMB 245 million, showing a reduction of 22%[109]. Environmental and Social Responsibility - The company’s green low-carbon development initiatives led to it being recognized as the first A-level steel enterprise for full-process environmental performance in Northeast China[19]. - The company allocated a total of RMB 8.6016 million for social responsibility initiatives in the first half of the year, including RMB 8.3016 million for targeted poverty alleviation projects in Taxkorgan and RMB 0.3 million for a project in Chaoyang, totaling 8 projects[66]. - The company has implemented 108 environmental protection renovation projects with a planned investment of 1.06 billion yuan[64]. Corporate Governance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[70]. - There were no violations regarding external guarantees, reflecting sound financial practices[69]. - The company has committed to avoiding competition with its controlling shareholder, ensuring compliance with competitive regulations[67]. Accounting and Financial Reporting - The financial report for the first half of 2024 has not been audited[2]. - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements reflect a true and complete view of its financial position as of June 30, 2024[125]. - The company did not make any changes to accounting policies or estimates during the reporting period[188]. Employee and Training - As of June 30, 2024, the total number of employees is 25,823, with 18,659 in production roles[56][57]. - In the first half of 2024, the company completed 15,085 person-times of grassroots knowledge and skills training, achieving a training plan completion rate of 97.9%[59].