中国稀土(000831) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥798,002,221.12, a decrease of 27.92% compared to ¥1,107,134,802.42 in the same period last year[2] - Net profit attributable to shareholders was ¥41,420,637.52, down 70.37% from ¥139,775,720.57 year-on-year[2] - The company experienced a 45.03% decline in total revenue for the first nine months of 2024, totaling ¥1,952,829,382.59 compared to ¥3,552,252,529.96 in the same period last year[6] - The total operating revenue for Q3 2024 was CNY 1,952,829,382.59, a decrease of 45% compared to CNY 3,552,252,529.96 in the same period last year[18] - The net profit for Q3 2024 was -197,683,582.08 CNY, a significant decrease compared to a net profit of 325,537,761.91 CNY in the same period last year[19] - Operating profit for Q3 2024 was -250,456,654.65 CNY, down from 409,664,774.38 CNY in Q3 2023[19] - The company reported a decrease in sales revenue from 2,824,397,882.17 CNY in Q3 2023 to 1,967,660,102.84 CNY in Q3 2024[20] Cash Flow and Assets - The net cash flow from operating activities was -¥594,730,350.44, a decline of 304.88% compared to ¥290,279,500.73 in the previous year[7] - Cash flow from operating activities showed a net outflow of -594,730,350.44 CNY, compared to a net inflow of 290,279,500.73 CNY in the previous year[20] - The company reported cash inflows from operating activities of 2,048,076,485.78 CNY, down from 2,907,279,433.10 CNY in the previous year[20] - Cash outflows for operating activities totaled 2,642,806,836.22 CNY, slightly up from 2,616,999,932.37 CNY in Q3 2023[20] - The company's total assets at the end of the reporting period were ¥5,536,722,774.93, a decrease of 5.74% from the previous year[2] - The company's total assets as of September 30, 2024, were CNY 5,218,849,479.30, down from CNY 5,536,722,774.93 at the beginning of the year, representing a decrease of approximately 5.8%[17] - The total current assets decreased to CNY 4,078,046,564.38 from CNY 4,450,572,107.26, a decline of about 8.4%[16] - The company's cash and cash equivalents decreased to CNY 1,252,343,446.93 from CNY 1,900,253,376.99, a reduction of about 34.1%[16] - The total liabilities decreased to CNY 470,757,227.57 from CNY 509,555,085.97, indicating a reduction of about 7.6%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 162,767[8] - China Rare Earth Group Industry Development Co., Ltd. holds 22.17% of shares, totaling 235,228,660 shares[8] - China Rare Earth Group Co., Ltd. holds 15.87% of shares, totaling 168,418,751 shares[8] - The company plans to transfer 100,587,368 shares, approximately 9.48% of total shares, to Guangdong Guangsheng Holding Group Co., Ltd.[12] - The company will distribute a cash dividend of RMB 0.80 per 10 shares, totaling RMB 84,897,664.56 (including tax)[13] - China Rare Earth Group plans to increase its stake in the company by investing between RMB 240 million and RMB 480 million within six months starting from July 8, 2024[14] - As of October 8, 2024, China Rare Earth Group has acquired 10,494,000 shares, amounting to RMB 246,821,670[14] Research and Development - Research and development expenses increased by 57.11% to ¥36,094,923.89, compared to ¥22,973,737.44 in the previous year[6] - The company reported R&D expenses of CNY 36,094,923.89 for Q3 2024, which is an increase of approximately 57.5% compared to CNY 22,973,737.44 in the previous year[18] Other Financial Metrics - The company reported a basic earnings per share of ¥0.0390, a decrease of 72.63% from ¥0.1425 in the same period last year[2] - Earnings per share for Q3 2024 were -0.1913, a decline from 0.3177 in Q3 2023[19] - The total comprehensive income for Q3 2024 was -197,683,582.08 CNY, compared to 325,537,761.91 CNY in the previous year[19] - The company's short-term borrowings decreased by 47.84% to ¥102,142,833.33 from ¥195,838,796.58 at the beginning of the period[4] - The company reported a significant increase in contract liabilities by 378.71% to ¥29,480,516.64, compared to ¥6,158,328.15 at the beginning of the period[4] - The long-term equity investments slightly decreased to CNY 341,851,525.84 from CNY 345,987,001.09, a decline of about 1.2%[16]