Ansteel Company Limited (Stock Code: 000898) is one of China's leading steel manufacturers, mainly engaged in the production and sales of steel and related products. The company is well-known and has a high market share both domestically and internationally. In the first quarter of 2024, Ansteel released its latest financial report, and this article will provide a detailed analysis of its financial data.

In the first quarter of 2024, AnSteel's total assets were 9,824.1 million yuan, an increase of 1.26% compared to the end of the previous year. The total liabilities were 4,449.7 million yuan, an increase of 6.91% compared to the end of the previous year. The asset-liability ratio increased from 42.9% at the end of the previous year to 45.29%. This indicates that while the company has slightly increased its asset size, its liabilities have also increased, leading to an increase in the asset-liability ratio. Nevertheless, the company still maintains a relatively stable asset structure.

In terms of profits, Ansteel's performance was not satisfactory. In the first quarter of 2024, the company's operating income was 2,734.3 million yuan, a year-on-year decrease of 11.35%. The net profit attributable to shareholders of the listed company was -165.7 million yuan, a sharp year-on-year decline of 1,012.08%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was -168.8 million yuan, a year-on-year decrease of 1,025.33%. The gross margin decreased from 1.73% in the same period last year to -3.45%. These data indicate that the downward trend in the steel market has had a significant impact on the company's profitability, leading to a sharp decline in net profit and gross margin.

In terms of cash flow, Ansteel's net cash flow from operating activities was 75.1 million yuan, a year-on-year decrease of 70.62%. The subtotal of cash inflow from operating activities was 2,580.8 million yuan, a year-on-year decrease of 18.23%; the subtotal of cash outflow from operating activities was 2,505.7 million yuan, a year-on-year decrease of 13.62%. The main reason for the sharp decline in net cash flow from operating activities was a decrease in cash received from sales of goods and provision of labor services and a decrease in cash paid for purchase of goods and receipt of labor services. The net cash outflow from investing activities decreased by RMB 100 million compared to the same period last year, mainly due to a decrease of RMB 114 million in cash paid for the purchase of fixed assets, intangible assets and other long-term assets. The net cash inflow from financing activities has improved, but the overall cash flow situation is still not optimistic.

Overall, in the first quarter of 2024, Ansteel faced considerable market pressure, with both operating income and net profit experiencing a significant decline, and the cash flow situation was also not ideal. However, the company still maintained a certain level of stability in terms of asset size and debt management. In the future, Ansteel needs to further optimize cost control and enhance operational efficiency to address industry challenges in an unfavorable market environment.