RNM(SH:600259)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 1,036,822,358.72, representing a growth of 39.85% compared to the same period last year[8] - The company reported a basic earnings per share of CNY 0.04, compared to a loss of CNY 0.14 in the previous year[10] - The net profit attributable to shareholders was CNY 8,977,580.13, a decrease of CNY 34,473,940.83 year-on-year[8] - Total operating revenue for the third quarter was ¥477,988,277.12, a decrease of 11.7% compared to ¥541,867,109.19 in the same period last year[45] - The net profit attributable to the parent company was ¥1,993,451.28, down 94.2% from ¥34,750,151.23 in the previous year[49] - The total profit for the period was ¥11,283,064.74, compared to ¥65,242,923.93 in the same quarter last year, indicating a drop of 82.7%[48] - The total comprehensive income for the first nine months was CNY -58,102,959.17, compared to CNY -72,477,227.21 in the same period last year, indicating a year-over-year improvement[52] Cash Flow - The net cash flow from operating activities was CNY -363,766,932.07, indicating a significant decline compared to the previous year[8] - The cash flow from operating activities showed a net outflow of CNY 363,766,932.07 for the first nine months, worsening from a net outflow of CNY 156,249,033.51 in the same period last year[55] - The company reported a significant increase in cash received from operating activities, totaling CNY 1,668,892,245.64 for the first nine months, compared to CNY 1,158,322,724.76 in the previous year, marking a growth of approximately 44.0%[54] - The total cash inflow from financing activities was CNY 1,975,709,067.03, compared to CNY 706,034,972.92 in the same period last year, indicating a growth of approximately 179.5%[56] - The company’s cash and cash equivalents at the end of the reporting period stood at CNY 905,464,011.78, up from CNY 177,388,054.84 at the end of the previous year, reflecting a substantial increase[56] Assets and Liabilities - Total assets increased by 41.57% year-on-year, reaching CNY 3,935,638,686.32[8] - Total current assets reached RMB 2,866,909,742.48, up from RMB 1,813,660,153.10 at the start of the year, indicating significant growth[36] - Total liabilities reached ¥2,711,090,259.37, up from ¥2,054,802,429.54, reflecting an increase of around 31.9%[38] - Owner's equity rose to ¥1,224,548,426.95 from ¥725,214,580.73, indicating a growth of approximately 68.9%[38] - Non-current liabilities increased significantly to ¥724,629,011.78 from ¥298,141,538.34, marking a growth of approximately 143.2%[38] Shareholder Information - The total number of shareholders reached 44,300 by the end of the reporting period[13] - The top shareholder, Guangdong Guangsheng Asset Management Co., Ltd., held 45.04% of the shares, totaling 112,320,000 shares[13] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 48,411,742.20 during the reporting period[11] - The company reported a significant increase in government subsidies, with operating other income rising by 242.16% to RMB 55,221,793.88[21] - The net profit from non-operating income and expenses totaled CNY 19,715,305.30 for the first nine months[12] Investment Activities - The company completed a non-public offering of 12,722,646 shares, raising capital and increasing the capital reserve by RMB 462,757,936.50[32] - The company raised CNY 498,079,987.80 from new investments during the first nine months, a significant increase from CNY 45,500,000.00 in the previous year[56] Operational Changes and Future Plans - Guangsheng Company will promote the acquisition of shares in Zhujiang Mining Company by Guangdong Guangsheng Mineral Resources Investment Co., Ltd. within five years, contingent on the removal of legal obstacles related to environmental assessments[25] - Guangsheng Company commits to facilitating the restructuring of its wholly-owned subsidiary, China Metallurgical Import and Export Guangdong Branch, within three years, and will propose the acquisition of shares post-restructuring[26] - If the acquisition proposal for 80% of Guyun Mining is not approved within five years, Guangsheng Company will initiate the process to transfer its shares to an unrelated third party[27] - Guangdong Rare Earth Industry Group will be prioritized for business opportunities in rare earth mining, smelting, and trading, with Guangsheng Company ensuring no competition with Guangsheng Nonferrous[28]