中国稀土(000831) - 2021 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2021 was CNY 769,957,639.40, representing a 144.45% increase compared to CNY 314,980,144.74 in the same period last year[3] - Net profit attributable to shareholders for Q1 2021 reached CNY 101,511,014.86, a significant increase of 749.24% from CNY 11,953,146.34 in the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 98,602,774.83, reflecting an increase of 11,059.81% compared to CNY 883,552.59 in the same period last year[3] - The basic earnings per share for Q1 2021 was CNY 0.1035, up 748.36% from CNY 0.0122 in the previous year[3] - Operating revenue surged by 144.45% to ¥769,957,639.40, primarily due to rising prices of rare earth products and increased sales volume[11] - The total profit for the current period was ¥119,873,580.73, compared to ¥15,008,651.08 in the previous period, reflecting an increase of approximately 698.5%[28] - The company’s total comprehensive income for the current period was ¥102,009,996.88, compared to ¥11,539,069.27 in the previous period, indicating a growth of about 782.6%[29] - The company’s operating profit for the current period was ¥119,208,183.58, a significant increase from ¥13,553,777.08 in the previous period, representing a growth of approximately 779.5%[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,491,937,787.51, an increase of 11.52% from CNY 3,131,282,572.98 at the end of the previous year[3] - The net assets attributable to shareholders at the end of the reporting period were CNY 2,563,821,730.18, which is a 4.16% increase from CNY 2,461,346,562.81 at the end of the previous year[3] - Current liabilities rose to CNY 825,231,682.70, compared to CNY 572,759,604.58, indicating an increase of about 44.1%[21] - Non-current liabilities totaled CNY 10,941,808.89, up from CNY 5,836,385.17, reflecting an increase of approximately 87.5%[21] - The total liabilities amounted to CNY 836,173,491.59, compared to CNY 578,595,989.75, indicating a rise of approximately 44.5%[21] - The company's total equity reached CNY 2,655,764,295.92, compared to CNY 2,552,686,583.23, marking an increase of about 4.0%[22] Cash Flow - The net cash flow from operating activities was negative CNY 223,900,590.20, a decrease of 557.65% compared to a positive CNY 48,923,505.96 in the same period last year[3] - Cash inflow from operating activities amounted to CNY 607,917,221.02, significantly up from CNY 316,631,372.36 in the same period last year, representing an increase of approximately 92%[33] - Cash outflow from operating activities was CNY 831,817,811.22, compared to CNY 267,707,866.40 in the previous year, leading to a net cash flow from operating activities of CNY -223,900,590.20[34] - The company received CNY 159,283,224.92 from financing activities, a substantial increase from CNY 40,000,000.00 in the previous period[35] - The net cash flow from financing activities was CNY 112,909,096.63, compared to a negative CNY 63,039,211.08 in the same period last year[35] Inventory and Receivables - Accounts receivable increased significantly by 8,145.62% to ¥170,365,287.91, driven by increased sales activities during the period[10] - Inventory rose by 25.48% to ¥1,909,038,018.36, attributed to an increase in procurement activities[10] - Inventory increased to CNY 809,712,161.54 from CNY 685,084,384.31, showing a growth of approximately 18.2%[23] Shareholder Information - The top shareholder, Minmetals Rare Earth Group Co., Ltd., holds 23.98% of the shares, while China Minmetals Corporation holds 16.10%[6] Tax and Expenses - The company reported a significant increase in income tax expenses by 414.86% to ¥17,863,583.85, correlating with higher profitability[12] - Research and development expenses for the current period amounted to ¥3,318,597.51, up from ¥2,808,833.45 in the previous period, which is an increase of approximately 18.1%[27] - Financial expenses for the current period were ¥4,639,263.99, compared to ¥1,918,604.37 in the previous period, indicating an increase of about 142.5%[27] Leasing Standards - The company recognized a 100% increase in right-of-use assets and lease liabilities, reflecting the first-time adoption of new leasing standards[10] - The company is adjusting its financial statements in accordance with new leasing standards starting from 2021[38] - The company has implemented new leasing standards effective from January 1, 2021, impacting financial reporting[42]