CNRE(SH:600111)2018-10-19 16:00Financial Performance - Operating revenue for the first nine months reached CNY 9.32 billion, a 31.34% increase year-on-year[7] - Net profit attributable to shareholders was CNY 379.39 million, reflecting an 8.67% increase compared to the same period last year[7] - Basic earnings per share rose to CNY 0.104, an increase of 8.67% from CNY 0.096 in the same period last year[7] - The company reported a decrease in net profit after deducting non-recurring gains and losses, down 8.20% to CNY 306.73 million[7] - The company reported a significant increase in cash and cash equivalents, which decreased to RMB 2.61 billion from RMB 5.03 billion, indicating a decline of approximately 48.1%[18] - Net profit for the period was ¥153,566,853.13, compared to ¥429,155,075.03 in the previous year, indicating a decline of approximately 64%[24] - The company reported a total profit of ¥153,747,778.05, down from ¥438,204,015.32, representing a decrease of about 65%[24] - Total comprehensive income for the period was ¥117,685,146.63, significantly lower than ¥519,989,743.44 in the same quarter last year[25] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -906.52 million, contrasting with a positive CNY 541.16 million in the previous year[7] - The company's cash and cash equivalents decreased by 48.11% to CNY 2,611,977,507.55, primarily due to increased payments for procurement and investments during the reporting period[14] - The ending cash and cash equivalents balance was CNY 2,470,947,187.84, down from CNY 6,905,367,835.32 at the end of the previous year[30] - The net cash flow from operating activities for the parent company was negative CNY 582,446,749.56, compared to a positive CNY 465,561,873.72 in the previous year[31] - Cash inflow from financing activities was CNY 4,106,303,570.80, down from CNY 7,757,561,386.30 in the previous year[30] Assets and Liabilities - Total assets increased by 17.27% to CNY 24.16 billion compared to the end of the previous year[7] - The total number of shareholders reached 336,346, indicating a broad shareholder base[9] - The total liabilities increased significantly, with accounts payable rising by 137.15% to CNY 2,345,431,521.59, indicating higher amounts owed for rare earth concentrate[14] - The total liabilities amounted to RMB 11.80 billion, compared to RMB 9.95 billion at the beginning of the year, marking an increase of around 18.5%[19] - The company's equity attributable to shareholders reached RMB 9.08 billion, up from RMB 8.85 billion, which is an increase of about 2.6%[19] Inventory and Receivables - The total inventory increased by 32.89% to CNY 9,973,629,731.73, reflecting a rise in rare earth concentrate stock compared to the beginning of the year[14] - The accounts receivable increased by 50.48% to CNY 3,028,226,907.30, indicating a rise in the amount of bills received that are not yet due[14] - The accounts receivable increased to RMB 3.03 billion from RMB 2.01 billion, showing a growth of about 50.5%[18] Operating Costs and Expenses - The company reported a 42.13% increase in operating costs, totaling CNY 7,977,136,288.99, attributed to higher trade volumes and corresponding cost increases[14] - The company reported an increase in management expenses to ¥177,463,210.60 from ¥119,753,552.30, marking a 48% rise year-over-year[24] - Total operating costs increased to ¥3,498,713,846.44 from ¥2,598,450,759.92, reflecting a 35% rise year-over-year[24] Investment and Growth - Investment income rose by 93.27% to CNY 14,551,092.53, driven by increased cash dividends from associated enterprises[14] - The company has plans for market expansion and new product development, although specific figures and timelines were not disclosed in the report[20]