马钢股份(600808) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 20,391,635,931, representing a decrease of 10.31% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of CNY 310,998,961, and the net profit after deducting non-recurring gains and losses was a loss of CNY 424,082,999[4]. - The net profit attributable to shareholders decreased by approximately RMB 238 million compared to the previous year[13]. - Net profit for Q1 2024 was a loss of ¥345.64 million, an improvement from a loss of ¥583.45 million in Q1 2023[20]. - The total comprehensive income for Q1 2024 was a loss of ¥353.83 million, compared to a loss of ¥595.32 million in Q1 2023[20]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY 1,307,684,219, a decline of 178.92% year-on-year[4]. - The company reported a cash outflow from operating activities of ¥1.31 billion in Q1 2024, compared to an inflow of ¥1.66 billion in Q1 2023[21]. - Cash and cash equivalents at the end of Q1 2024 were ¥3.79 billion, down from ¥3.95 billion at the end of Q1 2023[22]. - The company achieved a cash inflow from financing activities of ¥1.21 billion in Q1 2024, compared to an outflow of ¥2.85 billion in Q1 2023[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 85,306,511,263, an increase of 0.89% from the end of the previous year[5]. - The company’s total assets as of March 31, 2024, amounted to RMB 85.31 billion, an increase from RMB 84.55 billion at the end of 2023[17][18]. - The company’s total liabilities as of March 31, 2024, were RMB 53.37 billion, compared to RMB 52.27 billion at the end of 2023[17]. - The company’s short-term borrowings rose to RMB 11.43 billion, compared to RMB 9.43 billion at the end of 2023[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 151,678, with the largest shareholder holding 47.31% of the shares[8]. - The largest shareholder, Ma Steel (Group) Holding Co., Ltd., held 3,664,749,615 shares, representing 47.31% of the total shares[9]. - The equity attributable to shareholders of the listed company decreased by 1.12% to CNY 27,457,160,113 compared to the end of the previous year[5]. - The company’s equity attributable to shareholders decreased from RMB 27.77 billion at the end of 2023 to RMB 27.46 billion[18]. Production and Sales - In Q1 2024, the company produced 4.5 million tons of pig iron and 4.91 million tons of crude steel, with steel production decreasing by 7.1% year-on-year[13]. - The company reported a significant decrease in cash inflow from both sales and purchases, attributed to weak demand in the steel industry[7]. - The company’s inventory increased to RMB 11.64 billion, up from RMB 9.92 billion at the end of 2023[16]. - The company’s steel exports increased by 62.7% year-on-year in Q1 2024[13]. - The average domestic steel price index decreased by 5.61% year-on-year[13]. Research and Development - Research and development expenses for Q1 2024 were ¥227.79 million, a decrease of 15% from ¥267.70 million in Q1 2023[19]. - The company launched new products including high-pressure boiler steel and participated in the 2024 China Intelligent Electric Vehicle Technology and Supply Chain Exhibition[13]. Financial Ratios - The weighted average return on net assets was -1.13%, an increase of 0.63 percentage points compared to the previous year[4]. - Earnings per share for Q1 2024 was -¥0.04, an improvement from -¥0.07 in Q1 2023[20]. - The company recorded a financial expense of ¥155.06 million in Q1 2024, compared to ¥148.70 million in Q1 2023[19]. Operating Costs - Total operating revenue for Q1 2024 was ¥20.39 billion, a decrease of 10.3% compared to ¥22.74 billion in Q1 2023[19]. - Total operating costs decreased to ¥20.86 billion in Q1 2024 from ¥23.39 billion in Q1 2023, representing a reduction of 10.8%[19].