CNRE(SH:600111)2017-04-27 16:00Financial Performance - Operating revenue surged by 142.94% to CNY 1,929,028,735.21 year-on-year[6] - Net profit attributable to shareholders increased by 1,018.70% to CNY 74,460,155.40 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 65,994,448.48, a significant recovery from a loss of CNY 3,227,581.97 in the previous year[6] - Basic and diluted earnings per share both reached CNY 0.020, up from CNY 0.002 in the previous year[6] - Operating profit for the current period was ¥106,702,428.52, compared to a loss of ¥15,618,946.58 in the previous period, indicating a turnaround in profitability[23] - Net profit for the current period was ¥98,139,339.26, compared to a net loss of ¥11,302,088.41 in the previous period, marking a substantial improvement[23] - Earnings per share (EPS) for the current period was ¥0.020, up from ¥0.002 in the previous period, reflecting a 900% increase[23] Assets and Liabilities - Total assets increased by 15.36% to CNY 18,020,558,893.28 compared to the end of the previous year[6] - As of March 31, 2017, the total liabilities of China Northern Rare Earth Group amounted to CNY 8,170,220,513.17, an increase of 40.5% from CNY 5,823,083,013.52 at the beginning of the year[18] - The total owner's equity increased to CNY 9,850,338,380.11, compared to CNY 9,798,561,411.01 at the start of the year, marking a rise of 0.5%[18] - The total current liabilities amounted to CNY 5,839,730,876.42, up from CNY 5,494,371,852.73, reflecting a growth of 6.3%[18] - The total non-current liabilities surged to CNY 2,330,489,636.75 from CNY 328,711,160.79, indicating a significant increase of 608.5%[18] Cash Flow - The net cash flow from operating activities was negative at CNY -54,315,830.68, contrasting with a positive cash flow of CNY 105,903,962.50 in the same period last year[6] - Cash flow from operating activities showed a net outflow of ¥54,315,830.68, a decline from a net inflow of ¥105,903,962.50 in the previous period[26] - The net cash flow from financing activities was ¥2,265,489,468.75, compared to a net outflow of ¥118,275,951.39 in the same quarter last year[27] - Total cash inflow from operating activities reached ¥950,369,675, compared to ¥240,140,254 in Q1 2016, indicating a year-over-year increase of approximately 295%[27] Shareholder Information - The total number of shareholders reached 276,403 by the end of the reporting period[9] - The largest shareholder, Baotou Steel (Group) Co., Ltd., holds 30.00% of the shares, with 1,089,921,219 shares pledged[9] Government Subsidies and Non-Operating Income - The company received government subsidies amounting to CNY 26,329,871.19, which are closely related to its normal business operations[8] - The company reported a significant increase in non-operating income, which rose by 89.58% to ¥33,375,448.63, mainly due to increased government subsidies[12] Operational Metrics - The company's cash and cash equivalents rose by 75.50% to ¥5,051,054,984.78 from ¥2,878,044,162.40 due to funds received from bond issuance[11] - Accounts receivable increased by 43.75% to ¥1,325,521,461.10, reflecting a significant rise in sales during the reporting period[11] - The gross profit margin for the period was impacted by a 172.40% increase in operating costs, which reached ¥1,604,889,945.20 compared to ¥589,158,975.89 last year[12] - The company has seen a significant increase in sales revenue, indicating strong demand for its products in the market[23] Investment Activities - The company reported an investment loss of ¥1,637,944.47, worsening from a loss of ¥359,426.54 in the previous period[23] - The company did not report any cash inflow from investment activities in Q1 2017, indicating a focus on operational cash generation rather than investment returns[27]