Summary by Moomoo AI
CITIC TAIFUT STEEL GROUP CO., LTD., AS A SUBSIDIARY OF CHINA CITIC CORPORATION, LTD., ISSUED ITS FIRST QUARTER REPORT FOR 2024 ON APRIL 22, 2024. The report showed that the company's operating income grew 1.64% year-on-year to approximately $284.29 billion; however, net profit attributable to shareholders of listed companies fell 8.14% to approximately $13.60 billion. Net cash flow generated by operating activities also decreased by 19.01%, while basic earnings per share and diluted earnings per share decreased by 8.19% and 8.33%, respectively. During the reporting period, the Company did not make any retroactive adjustments or restatements of financial data. In addition, during the reporting period, the Company adjusted the amount of its deposits with CITIC Bank to optimize its financial structure and reduce financing costs. The report was not audited and was approved by the Company's Board of Directors on 23 April 2024.