RNM(600259)2023-04-28 16:00Financial Performance - Revenue grew by 27.38% as a result of enhanced production operations and expanded trading activities[10] - Total operating revenue for Q1 2023 reached ¥6,199,389,773.67, a 27.3% increase from ¥4,866,885,507.33 in Q1 2022[19] - The company reported a net profit of ¥1,856,176.29 for Q1 2023, a significant decrease from ¥83,536,323.25 in Q1 2022[39] - The net profit attributable to shareholders of the listed company was ¥5.66 million, a decrease of 93.05% compared to the same period last year[46] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥8.25 million, down 109.73% year-on-year[46] - The basic earnings per share for Q1 2023 was ¥0.02, down from ¥0.26 in Q1 2022[40] - The basic and diluted earnings per share were both ¥0.02, reflecting a decrease of 92.31%[46] - The company's total comprehensive income attributable to shareholders of the parent company was ¥5,659,625.50 in Q1 2023, compared to ¥81,436,515.78 in Q1 2022[40] Assets and Liabilities - Total assets increased by 21.63% to CNY 8,906,251,064.71 compared to CNY 7,322,475,637.87 at the end of the previous year[9] - Total liabilities increased to ¥5,352,201,775.64 as of March 31, 2023, compared to ¥3,757,024,068.16 at the end of 2022, representing a growth of approximately 42.4%[33] - The total non-current liabilities reached ¥1,001,795,695.35 as of March 31, 2023, up from ¥780,162,904.63 at the end of 2022, indicating a rise of approximately 28.3%[33] - The total equity attributable to shareholders of the listed company was CNY 3,446,441,917.49, a slight increase of 0.19%[9] - The total equity attributable to shareholders of the parent company was ¥3,446,441,917.49 as of March 31, 2023, slightly up from ¥3,440,005,679.60 at the end of 2022[33] Cash Flow - The company reported a net cash inflow from operating activities, attributed to increased cash receipts from sales[10] - Net cash inflow from operating activities was ¥6,358,227,377.39 in Q1 2023, compared to ¥5,191,744,557.99 in Q1 2022, reflecting a 22.5% increase[22] - The net cash flow from operating activities was a negative ¥499.55 million, indicating a significant cash outflow[46] - The net cash flow from investing activities was primarily driven by the relocation and upgrade projects of Fuyuan Company and investment construction of Shengyuan Company[24] Expenses - Operating costs increased by 28.05% driven by higher sales volume during the reporting period[10] - Total operating costs for Q1 2023 were ¥6,084,238,102.97, up 27.1% from ¥4,786,476,130.05 in Q1 2022[19] - Research and development expenses decreased to ¥8,603,891.59 in Q1 2023, down 56.5% from ¥19,786,556.35 in Q1 2022[19] - The company’s financial expenses increased to ¥23,978,367.06 in Q1 2023, compared to ¥16,007,274.41 in Q1 2022, reflecting a rise of 49.5%[19] Receivables and Inventory - Accounts receivable rose by 346.87% due to business expansion during the reporting period[4] - Inventory increased by 19.82% due to the expansion of trading activities[10] Other Income and Investments - Other income rose significantly by 375.27% primarily from the transfer of deferred income from the disposal of non-current assets[10] - Investment income for Q1 2023 was ¥34,076,485.23, up from ¥28,701,351.33 in Q1 2022, indicating a growth of 18.4%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,007[54] - The largest shareholder, Guangdong Rare Earth Industry Group Co., Ltd., held 38.45% of the shares[54]