SHRC(600392)2017-10-26 16:00Financial Performance - Revenue for the year-to-date reached CNY 398,556,386.23, a significant increase of 699.24% year-on-year[7]. - Net profit attributable to shareholders for the year-to-date was CNY 1,065,599,614.90, compared to a loss of CNY -69,743,785.89 in the previous year, marking a turnaround[7]. - Basic earnings per share increased by 550.78% to CNY 0.3187 from CNY -0.0707 in the same period last year[7]. - The company reported a net profit increase due to the rise in rare earth product prices, leading to an expected turnaround from loss to profit for the year 2017[17]. - Net profit for Q3 2017 was ¥258,169,507.28, a recovery from a net loss of ¥42,389,217.84 in Q3 2016[30]. - The company's net profit for the first nine months of 2017 was CNY 4,140,964.19, compared to a net loss of CNY 28,389,487.37 in the same period last year[32]. Assets and Liabilities - Total assets increased by 249.19% year-on-year, reaching CNY 8,789,512,370.30 at the end of the reporting period[7]. - Total liabilities reached ¥2,121,372,580.17, compared to ¥528,076,059.58 at the beginning of the year, indicating substantial growth in financial obligations[23]. - The total assets of the company as of September 30, 2017, amounted to ¥8,789,512,370.30, up from ¥2,517,148,128.42 at the beginning of the year[23]. - The total comprehensive income attributable to the parent company for the third quarter was CNY 260,561,077.87, down from CNY 432,943,373.34 in the previous year[31]. - The company’s total liabilities as of September 30, 2017, were ¥499,580,249.14, a decrease from ¥519,436,289.35 at the start of the year[27]. Cash Flow - Operating cash flow net amount for the year-to-date was CNY -407,079,302.13, a decrease of 157.21% compared to the same period last year[7]. - The net cash flow from operating activities was -¥407,079,302.13, reflecting a 157.21% increase in outflow compared to -¥158,268,411.55 in the previous year[17]. - Operating cash inflow totaled CNY 4,804,045,917.58, while cash outflow was CNY 5,211,125,219.71, resulting in a net cash flow from operating activities of -CNY 407,079,302.13[36]. - Financing cash inflow reached CNY 2,506,842,271.04, while cash outflow was CNY 1,441,242,656.14, resulting in a net cash flow from financing activities of CNY 1,065,599,614.90[37]. - The cash and cash equivalents at the end of the reporting period were CNY 124,658,823.36, compared to CNY 2,937,205.30 at the end of the previous period[40]. Shareholder Information - Total number of shareholders reached 97,073[12]. - The largest shareholder, China Geological Survey, holds 189,524,783 shares, accounting for 14.04%[12]. Strategic Activities - The company received approval from the China Securities Regulatory Commission for asset acquisition and fundraising, leading to the consolidation of three new subsidiaries into the financial statements[7]. - The company is focusing on expanding its market presence through strategic acquisitions and increased procurement[15]. - The company is focusing on expanding its market presence and enhancing profitability through strategic mergers, including the consolidation of three companies since February 2017[17]. Inventory and Receivables - Accounts receivable surged by 549.31% to 1,077,594,198.15 CNY, primarily from non-controlling mergers[15]. - Inventory increased by 307.21% to 3,149,002,609.26 CNY, reflecting heightened procurement efforts[15]. - The inventory level surged to ¥3,149,002,609.26, compared to ¥773,307,340.60 at the start of the year, indicating a significant increase in stock[22]. Investment Activities - The company reported a significant increase in long-term equity investments, which rose to ¥5,446,785,615.99 from ¥2,395,805,862.92[26]. - The company is focusing on expanding its investment activities, as evidenced by the substantial cash outflow for investments in the current period[40].