证券代码：600392 证券简称：盛和资源 公告编号：临2023-035 盛和资源控股股份有限公司 重要内容提示： 会议召开时间：2023 年 09 月 06 日（星期三）上午 11:00-12:00 关于召开2023年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 投资者可于 2023 年 08 月 30 日(星期三)至 09 月 05 日(星期二)16:00 前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 securities@shengheholding.com 进行提问。公司将在说明会上就投资者普遍关注的 问题进行回答。 盛和资源控股股份有限公司（以下简称"公司"）已于 2023 年 8 月 30 日发布公 司 2023 年 ...

特此公告。 盛和资源控股股份有限公司董事会 2023 年 8 月 30 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性、完整性承担个别及连带责任。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号行业信 息披露：第十六号——有色金属》要求，现将盛和资源控股股份有限公司（以下 简称"公司"）2023 年第二季度（4-6 月）主要有色金属品种产销量及盈利情况 披露如下（财务数据未经审计）： | 产品种类 | 生产量（吨） | 销售量（吨） | 营业收入（元） | 营业成本（元） | 毛利率（%） | | --- | --- | --- | --- | --- | --- | | 稀土氧化物 | 3,539.96 | 1,276.45 | 754,233,741.06 | 780,441,011.89 | -3.47 | | 稀土盐类 | 20,779.91 | 4,628.89 | 32,308,998.69 | 29,628,044.78 | 8.30 | | 稀土稀有金属 | 4,224.02 | 3,489.38 | 1,95 ...

证券代码：600392 证券简称：盛和资源 公告编号：临2023-030 盛和资源控股股份有限公司 关于与Peak公司签署有约束力的包销协议 及非约束性战略工程总承包与融资谅解备忘录的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 盛和资源与Peak公司签署了非约束性的战略工程、采购、施工总承包（以下 简称"EPC"）与融资谅解备忘录，主要包括EPC总承包方式、项目融资、项目层面 投资等内容。 包销协议及谅解备忘录的签署对公司本年度总资产、净资产、营业收入、净 利润等财务指标不产生具体的影响。 一、具有约束力的包销协议的签署情况 （一）签署各方基本情况 1.盛和资源（新加坡）有限公司 盛和资源（新加坡）有限公司（简称"盛和新加坡"）由公司的全资子公司乐 山盛和稀土有限公司 100%持股，主要从事项目和股权投资、稀土相关产品及有色金 属购销业务。 2.Peak Rare Earths Limited Peak Rare Earths Limited（简称"Peak 公司"）是一家澳大利亚上市公司， 总部位于西澳大利亚 ...

证券代码：600392 证券简称：盛和资源 公告编号：临2023- 024 会议主题：沪市稀土产业链上市公司集体业绩说明会 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2023 年 06 月 02 日(星期五)至 06 月 08 日(星期四)16:00 前 登录上证路演中心网站首页，进入稀土产业链专场—公司页面，点击"提问预征集" 栏目或通过公司邮箱 securities@shengheholding.com 进行提问。公司将在说明 会上就投资者普遍关注的问题进行回答。 盛和资源控股股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布 了公司 2022 年年度报告及 2023 年第一季度报告，为便于广大投资者更全面深入 地了解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 06 月 09 日下午 13:00-14:30 参加沪市稀土产业链上市公司 2022 年度暨 2023 年第一季度集体业绩说明会，就投资者关心的问题进行交流。 盛和资源控股股份有限公司 关于参加沪市稀土产业链上市公司2022年度暨 2023年第一季度集体业绩说明会的 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares to all shareholders, totaling a cash distribution of approximately RMB 1 billion[10]. Legal Matters - The company is involved in significant litigation, including a civil lawsuit regarding the delivery of 43.2768 tons of praseodymium-neodymium oxide valued at RMB 26.83 million, with a court ruling in favor of the company[19]. - Another lawsuit involves a claim for 37.06 tons of praseodymium-neodymium oxide valued at RMB 22.98 million, with a favorable court ruling resulting in a compensation of RMB 9.40 million plus penalties[19]. - The company has reported a total of RMB 40.64 million in receivables from a customer, with a court ruling mandating repayment and penalties[20]. - Ganzhou Morning Light Rare Earth Materials Co., Ltd. has filed a lawsuit against Mian County Feitian Industry Co., Ltd. for the return of 60.133 tons of praseodymium and neodymium oxide, amounting to RMB 53.7288 million, plus overdue penalties of RMB 3.58 million[158]. - The first-instance judgment ordered Mian County Feitian Industry Co., Ltd. to pay RMB 54.243 million and a penalty of RMB 2.3868 million, but the defendant has appealed the decision[158]. Environmental Compliance - The company has established a secondary wastewater treatment facility to ensure compliance with environmental standards, with a total pollutant discharge limit of COD 8.76 tons and ammonia nitrogen 0.05 tons[29]. - The company has implemented noise reduction measures to meet the industrial noise emission standards, ensuring compliance with GB12348-2008[34]. - The company has not reported any environmental pollution incidents or received any administrative penalties related to environmental protection during the tailings disposal process[56]. - The company is not required to obtain a pollution discharge permit but must conduct quarterly environmental monitoring reports[61]. - The company has made progress in its environmental impact assessments for various projects, including a zircon-titanium ore processing project with an annual capacity of 500,000 tons[42]. - The company has established a tailings storage facility with a capacity of 2.3 million cubic meters for the disposal of tailings wastewater[56]. - The company has implemented carbon reduction measures, reducing carbon dioxide equivalent emissions by 75,400 tons[76]. - The company purchased 22,403 green power certificates, involving 22.403 million kilowatt-hours of green electricity, which helped offset approximately 148,100 tons of carbon dioxide[76]. - The company has established an emergency response plan for sudden environmental incidents, which has been filed with the local ecological environment bureau[65]. - The company conducts regular environmental monitoring, including monthly checks on production and domestic wastewater emissions[68]. - The company has installed online monitoring devices for wastewater and exhaust emissions, ensuring compliance with environmental standards[85]. - The company’s environmental monitoring results show that all pollutant emissions meet the discharge standards[86]. - The company has committed to transparency by publishing environmental monitoring reports on its website[87]. - The company has maintained compliance with national environmental protection laws, ensuring that emissions of wastewater, waste gas, and hazardous waste meet national standards, with no violations reported during the reporting period[6]. - The company has established an environmental supervisor management system to enhance employee awareness of environmental protection[6]. Financial Integrity and Compliance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties, ensuring financial integrity[6]. - The company has not violated decision-making procedures for external guarantees, maintaining compliance with regulations[12]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers during the reporting period[23]. - The company has confirmed that there are no significant risks related to the decision-making process for the annual report, ensuring transparency and accountability[11]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[104]. - The company has not made any changes to accounting policies or estimates that would impact financial reporting during the reporting period[104]. - The company has not faced any delisting risks or warnings during the reporting period[107]. - The company has not engaged in any leasing, contracting, or custodial matters during the reporting period[110]. - The total guarantee amount (including guarantees to subsidiaries) is CNY 2,107,600,000, accounting for 21.04% of the company's net assets[113]. - The total guarantee amount to subsidiaries during the reporting period is CNY 1,418,000,000, with a year-end balance of CNY 2,107,600,000[113]. - The company reported no overdue guarantees or significant accounting errors during the reporting period[126]. Related Party Transactions - The company reported a significant increase in related party transactions, with purchases from Sichuan Hedi Mining Development Co., Ltd. totaling RMB 611.36 million in the current year, up from RMB 183.59 million in the previous year[60]. - Purchases from Guangxi Yuxiao Xijun Rare Earth Functional Materials Co., Ltd. increased to RMB 596.84 million from RMB 121.95 million year-on-year[60]. - The company has reported a significant increase in related party transactions with Hunan Zhongke Jinyuan New Materials Co., Ltd., with purchases rising to RMB 386.14 million from RMB 32.10 million year-on-year[60]. - The company engaged in related party transactions totaling CNY 33,857,827.82, with the largest transaction being the purchase of goods from Hunan Guda New Materials Technology Co., Ltd. for CNY 15,581,827.76[135]. - The company has committed to avoiding and minimizing related party transactions post-restructuring, ensuring fair and lawful agreements[122]. Shareholder Information - The total number of unrestricted circulating shares is 1,752,826,570, a decrease of 2,340,497 shares from the previous total of 1,755,167,067[197]. - The total number of ordinary shareholders at the end of the reporting period is 163,635, down from 169,333 at the end of the previous month[198]. - The largest shareholder, China Geological Survey Institute, holds 246,382,218 shares, representing 14.06% of total shares[200]. - The second-largest shareholder, Wang Quangen, holds 117,289,498 shares, accounting for 6.69% of total shares[200]. - The company has a total of 1,755,167,067 shares before any changes, with no new shares issued or stock dividends declared[197]. - The top ten shareholders collectively hold a significant portion of the shares, with the largest five holding over 30% combined[200]. - There are no shares with limited sale conditions among the top shareholders[200]. - The company has not issued any new shares or conducted any stock splits during the reporting period[197]. - The total number of shares after the changes remains at 1,752,826,570, maintaining the same percentage distribution[197]. - The company has not reported any significant changes in shareholder status or pledges during the reporting period[200]. Investment Activities - The company plans to invest RMB 81.6 million to acquire a 10% stake in a joint venture for high-performance NdFeB permanent magnet materials[39]. - The company has completed the establishment of a joint venture named Juxing New Materials Co., Ltd. in Mianyang, Sichuan Province[39]. - The company has completed its capital contribution to the joint venture as per the agreement[39]. - The total cash inflow from investment activities for 2022 was CNY 691,627,750.67, down from CNY 1,678,399,670.71 in 2021[140]. - The company received CNY 337,488,427.67 in cash from investment income during 2022, compared to CNY 76,022,389.49 in 2021[140]. - The company reported a cash inflow of CNY 20,339,392.00 from the recovery of investments in 2022, down from CNY 39,619,854.50 in 2021[140]. - The company’s total cash inflow from other investment activities was CNY 333,799,931.00 in 2022, significantly lower than CNY 1,562,756,826.72 in 2021[140]. Production Capacity - The company has an annual production capacity of 200 tons of rare earth phosphors and 1,800 tons of yttrium-based ceramic glazes[63]. - The company is undergoing a technical transformation project with an annual production capacity of 8,000 tons of rare earth metals and 2,000 tons of Nd-Fe-B alloy[63]. - The company is currently constructing a rare earth green smelting research and development center[63].

Financial Performance - The company's operating revenue for the reporting period was approximately CNY 4.80 billion, representing a year-on-year increase of 10.67%[1] - The net profit attributable to shareholders of the listed company was approximately CNY 77.38 million, showing a significant decrease of 89.14% compared to the same period last year[1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 50.92 million, down 92.79% year-on-year[1] - Basic and diluted earnings per share were both CNY 0.0441, reflecting a decrease of 89.15% year-on-year[1] - Net profit for Q1 2023 was CNY 88,940,519.72, a decrease of 87.66% compared to CNY 720,693,573.90 in Q1 2022[17] - Earnings per share for Q1 2023 were CNY 0.0441, down from CNY 0.4065 in Q1 2022[17] - The total comprehensive income for Q1 2023 was CNY 450,675,848.75, compared to CNY 1,693,622,451.47 in Q1 2022, reflecting a decrease of 73.39%[17] Cash Flow - The net cash flow from operating activities was negative at approximately CNY -150.08 million, a decline of 112.73% compared to the previous year[1] - Cash flow from operating activities showed a net outflow of ¥150,081,048.01, a significant decline from a net inflow of ¥1,178,518,647.69 in the same period last year[31] - The cash inflow from operating activities totaled ¥4,157,385,077.63, while cash outflow was ¥4,307,466,125.64[31] - The net cash inflow from investment activities was -$34.47 million, a decrease from -$127.33 million in the previous period[40] - The net cash flow from financing activities was -$121.67 million, a significant decline from $157.08 million in the previous period[40] - The cash and cash equivalents at the end of the period were $1.85 billion, down from $3.09 billion at the end of the previous period[40] Assets and Liabilities - The total assets of the company as of March 31, 2023, amounted to approximately CNY 15.94 billion, compared to CNY 15.54 billion at the end of the previous year[11] - The total current liabilities were approximately CNY 4.86 billion, a decrease from CNY 4.97 billion in the previous year[11] - Long-term borrowings increased to approximately CNY 530.80 million from CNY 450.49 million year-on-year[11] - Total liabilities amounted to CNY 5,497,603,896.06, slightly down from CNY 5,523,624,900.57 in the previous year[12] - Total equity attributable to shareholders reached CNY 9,611,229,096.35, an increase from CNY 9,245,904,640.48 in Q1 2022, marking a growth of 3.95%[12] Research and Development - Research and development expenses for Q1 2023 were CNY 56,467,410.92, significantly lower than CNY 205,410,169.60 in Q1 2022, indicating a reduction of 72.54%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 169,333[30] - The largest shareholder, China Geological Survey Institute, holds 246,382,218 shares, accounting for 14.06% of total shares[30] Other Financial Metrics - Deferred income increased to CNY 24,697,052.37 in Q1 2023 from CNY 17,741,197.65 in Q1 2022, representing a growth of 39.66%[12] - The company recognized non-recurring gains of ¥26,459,400.25 during the reporting period[25] - Other comprehensive income after tax for Q1 2023 was CNY 361,735,329.03, down from CNY 972,928,877.57 in Q1 2022[17] - Operating revenue increased by 10.67% compared to the same period last year, attributed to an increase in the number of subsidiaries included in the consolidation scope[27] - Net profit attributable to shareholders of the listed company decreased by 89.14% due to a price adjustment in rare earth products and a lag in raw material cost changes[27]

证券代码：600392 证券简称：盛和资源 公告编号：临2023-019 盛和资源控股股份有限公司 关于召开2022年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 05 月 11 日（星期四）上午 10:00-11:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心"自行视频录制+网络文字互动" 会议召开方式：上证路演中心"自行视频录制+网络文字互动" 投资者可于 2023 年 05 月 04 日(星期四)至 05 月 10 日(星期三)16:00 前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 ...

2022 年第三季度报告 单位：元 币种：人民币 1 / 13 证券代码：600392 证券简称：盛和资源 盛和资源控股股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|----------|------------------------------|------------------------------------------------ ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 15%[9]. - The company's operating revenue for the first half of 2022 was ¥8,762,207,330.33, representing an increase of 80.16% compared to the same period last year[14]. - The net profit attributable to shareholders was ¥1,347,208,881.58, a significant increase of 148.14% year-over-year[14]. - Basic earnings per share for the first half of 2022 were ¥0.7686, up 145.40% from ¥0.3132 in the same period last year[15]. - The weighted average return on net assets increased to 14.27%, up from 6.88% year-over-year, reflecting improved profitability[15]. - The net cash flow from operating activities reached ¥1,098,644,360.15, a remarkable improvement of 356.02% compared to the previous year[14]. - The company reported a net profit margin improvement, with net profit for the first half of 2022 showing a positive trend compared to the previous year, although specific figures were not disclosed in the provided content[138]. - The company's net profit for the first half of 2022 reached CNY 1,343,864,709.24, a significant increase from CNY 554,715,883.45 in the same period of 2021, representing a growth of approximately 142.5%[139]. Market Expansion and Strategy - User data indicates a growing customer base, with an increase of 20% in active users compared to the same period last year[9]. - The company is expanding its market presence, targeting Southeast Asia with a new distribution strategy aimed at increasing market share by 5%[9]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 30%[9]. - The company has established a dual layout in both domestic and international markets for its rare earth business, including partnerships with companies in the United States and Australia[20]. - The company is constructing a new zircon-titanium mining base in Lianyungang, Jiangsu, expected to commence trial operations in the second half of 2022, with an annual processing capacity of 1.5 million tons[28]. - The company acquired a 19.9% stake in Australia's Peak Company, gaining access to the Ngualla rare earth mine project in Tanzania[28]. - The company has established a diversified supply channel for rare earth concentrates through partnerships and investments in various rare earth mining companies[24]. Research and Development - The company has invested 50 million RMB in R&D for new technologies aimed at improving production efficiency[9]. - The company increased its R&D expenses by 68.29% to ¥270,219,430.81, up from ¥160,563,686.16, indicating a commitment to innovation[31]. - The company is advancing the construction of key projects, including a smart technology upgrade project for producing 12,000 tons of rare earth metals and alloys annually[28]. Financial Stability and Governance - The company has maintained a strong balance sheet with a debt-to-equity ratio of 0.5, indicating financial stability[9]. - The board has approved a share buyback program worth 100 million RMB to enhance shareholder value[9]. - The company has committed to improving its governance structure and enhancing transparency in major decision-making processes[49]. - The company emphasizes the importance of risk management and internal controls to enhance profitability and reduce investor risk[50]. - The company will strictly adhere to information disclosure regulations to ensure transparency and timely updates for investors[50]. Environmental Responsibility - The company has implemented pollution prevention facilities, including gas treatment systems and wastewater treatment plants[66]. - The company adheres to various emission standards, including those for industrial enterprises and urban sewage treatment plants[68]. - Regular inspections and emergency response measures are in place to manage potential pollution risks[69]. - The company has committed to conducting 2-3 emergency drills annually to effectively manage environmental pollution incidents[89]. - The company has established an emergency response plan for environmental incidents, with a 1,080 m³ emergency pool capable of collecting all accident wastewater[85]. Legal and Compliance Issues - The company has reported significant litigation and arbitration matters during the reporting period, indicating ongoing legal challenges[104]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[104]. - The company has not faced any violations regarding guarantees during the reporting period, indicating a stable financial position[104]. - The company has not received any non-standard audit opinions in the previous annual report, reflecting compliance with auditing standards[104]. Shareholder Information - The total share capital of the company decreased from 1,755,167,067 shares to 1,752,826,570 shares due to the cancellation of 2,340,497 repurchased shares[123]. - The number of ordinary shareholders reached 131,333 by the end of the reporting period[125]. - The largest shareholder, China Geological Survey Institute, holds 246,382,218 shares, representing 14.06% of the total shares[125]. - The company reported no impact on earnings per share or net asset per share due to the cancellation of repurchased shares[124]. Financial Reporting and Accounting - The company’s financial statements are prepared based on the assumption of going concern, in accordance with the relevant accounting standards[166][167]. - The company follows specific accounting policies for revenue recognition and other transactions based on its operational characteristics[168]. - The company’s financial reports comply with the requirements of accounting standards, reflecting its financial position and operating results accurately[169]. - The company determines the scope of consolidated financial statements based on control, which includes the company and all subsidiaries[178].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 4,340,373,220.19, representing an increase of 84.57% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company reached RMB 712,596,796.48, up 129.37% year-on-year[2]. - Basic earnings per share were RMB 0.4065, reflecting a growth of 126.84% year-on-year[2]. - Operating profit for Q1 2022 was ¥853,078,016.10, up from ¥376,090,122.60 in Q1 2021, reflecting a growth of 126.5%[15]. - The company reported a total comprehensive income of ¥972,928,877.57 for Q1 2022, compared to ¥311,944,565.05 in Q1 2021, reflecting a substantial increase of 211.5%[15]. - Total comprehensive income for the first quarter of 2022 reached CNY 1,693,622,451.47, a significant increase from CNY 632,605,007.77 in the same period of 2021, representing a growth of approximately 168%[16]. Cash Flow - The net cash flow from operating activities was RMB 1,178,518,647.69, showing a significant increase of 520.42% compared to the previous year[2]. - Cash inflow from operating activities totaled CNY 4,719,843,293.92, up from CNY 2,440,649,391.22 in the previous year, indicating a growth of approximately 93%[17]. - Net cash flow from operating activities was CNY 1,178,518,647.69, a turnaround from a negative cash flow of CNY -280,322,441.33 in the first quarter of 2021[18]. - Cash and cash equivalents at the end of the first quarter of 2022 amounted to CNY 3,089,765,200.38, compared to CNY 866,939,175.37 at the end of the first quarter of 2021, marking an increase of about 256%[19]. - The company reported a net increase in cash and cash equivalents of CNY 1,207,697,868.72 for the first quarter of 2022, compared to CNY 354,257,357.24 in the same period of 2021, representing a growth of approximately 241%[19]. Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 17,350,793,480.90, an increase of 14.54% from the end of the previous year[3]. - The total liabilities increased to CNY 10.07 billion, compared to CNY 8.16 billion in the previous year, indicating a growth of about 23.4%[11]. - Total liabilities as of Q1 2022 amounted to ¥5,660,639,880.39, an increase from ¥5,152,442,736.90 in Q1 2021, representing a growth of 9.8%[12]. - The company’s total current assets reached CNY 10.07 billion, compared to CNY 9.16 billion, representing an increase of approximately 9.9%[11]. - Cash and cash equivalents reached CNY 3.46 billion, compared to CNY 2.25 billion in the previous year, indicating a year-over-year increase of about 54%[10]. Equity and Investments - The equity attributable to shareholders of the listed company was RMB 10,911,562,765.03, which is a 16.55% increase compared to the previous year[3]. - The company’s long-term equity investments increased to CNY 419.31 million, up from CNY 397.82 million, reflecting a growth of about 5.4%[11]. - The company reported a significant increase in other equity instrument investments, rising to CNY 5.24 billion from CNY 4.09 billion, an increase of approximately 27.9%[11]. - Total equity attributable to shareholders of the parent company reached ¥10,911,562,765.03 in Q1 2022, up from ¥9,361,844,395.92 in Q1 2021, indicating a growth of 16.5%[12]. Operational Efficiency - The increase in operating revenue and net profit was primarily driven by rising rare earth prices and improved gross margins[6]. - The company reported a decrease in accounts receivable and an increase in advance payments, contributing to the significant rise in cash flow from operations[6]. - Research and development expenses in Q1 2022 totaled ¥205,410,169.60, which is a 125.5% increase from ¥91,363,837.19 in Q1 2021[14]. - The total cost of operations for Q1 2022 was ¥3,455,708,859.75, which is an increase of 75.7% from ¥1,967,388,962.42 in Q1 2021[14]. Shareholder Actions - The company completed the cancellation of 2,340,497 repurchased shares on April 19, 2022, as part of a capital reduction plan approved by the board[9]. - Short-term borrowings decreased to CNY 1.65 billion from CNY 1.74 billion, a reduction of approximately 5.5%[11].