GRIAM(SH:600206)2023-04-27 16:00Financial Performance - The company's operating revenue for the reporting period was ¥3,024,894,599.86, representing a decrease of 22.64% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was ¥38,775,253.90, down 62.74% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥29,439,099.69, a decrease of 70.39% compared to the previous year[4]. - The basic and diluted earnings per share were both ¥0.046, reflecting a decline of 61.67%[5]. - The weighted average return on equity decreased to 1.06%, down by 1.95 percentage points from the previous year[5]. - The net profit for the current period is CNY 36,120,060.50, a decrease of 67.33% compared to the previous period's net profit of CNY 110,560,127.33[1]. - The total operating profit for the current period is CNY 44,474,372.32, compared to CNY 126,733,304.51 in the previous period[1]. - The total comprehensive income for the period was ¥36,120,060.50, compared to ¥110,560,127.33 in the previous year, reflecting a decline of approximately 67.32%[41]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥396,298,800.79, indicating a significant cash outflow[4]. - The company's cash and cash equivalents decreased from ¥1,118,646,278.53 to ¥793,438,780.37, showing a decline in liquidity[12]. - The net cash flow from financing activities was ¥67,826,670.88, down from ¥250,703,644.79 in the previous year, a decrease of about 73.06%[43]. - Cash flow from operating activities in Q1 2023 was CNY 3,082,654,773.66, down from CNY 3,670,819,014.15 in Q1 2022, indicating a decline of 16.0%[60]. - The cash received from sales of goods and services was CNY 3,082,654,773.66 in Q1 2023, compared to CNY 3,670,819,014.15 in Q1 2022, reflecting a decrease of 16.0%[60]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,736,914,639.15, an increase of 3.54% from the end of the previous year[5]. - The equity attributable to shareholders of the listed company was ¥3,667,210,125.50, up 1.07% from the end of the previous year[5]. - The total liabilities and equity increased to ¥5,736,914,639.15 from ¥5,540,654,327.84, marking an increase of approximately 3.54%[39]. - The company's non-current assets totaled CNY 1,719,397,383.60, up from CNY 1,673,326,776.58[58]. - The total liabilities increased, with accounts payable reaching CNY 287,267,610.92, slightly up from CNY 278,023,909.23 in the previous year[58]. Revenue and Costs - Revenue from rare earth materials decreased by 24% year-on-year, while revenue from platinum group products decreased by 25% year-on-year[33]. - Total operating costs for Q1 2023 were CNY 2,974,619,987.06, down 21.4% from CNY 3,789,084,962.34 in Q1 2022[58]. - Research and development expenses increased to CNY 41,635,358.70 in Q1 2023, compared to CNY 37,004,003.59 in Q1 2022, reflecting a growth of 8.9%[58]. Shareholder Information - The company has 87,416 common shareholders at the end of the reporting period[21]. - The total equity attributable to shareholders of the parent company increased to ¥3,667,210,125.50 from ¥3,628,434,871.60, reflecting a growth of approximately 1.07%[39]. - The net profit attributable to shareholders of the parent company for the first quarter was ¥38,775,253.90, compared to ¥104,072,957.83 in the same period last year, indicating a decrease of about 62.73%[41]. Impairment and Expenses - The company experienced a significant increase in asset impairment losses, totaling CNY 177,288.15, attributed to a decline in market prices for rare earth raw materials[33]. - The company’s financial expenses increased by 580.26% due to an increase in bank borrowings[33]. - The company recorded non-recurring gains of ¥9,336,154.21, after accounting for tax and minority interest impacts[50]. Investment Activities - The total cash inflow from investment activities was CNY 12,075,532,101.86, compared to CNY 4,512,308,660.11 in the previous period[23]. - Investment income increased by 157.70% due to higher financial management returns[33]. - The company reported an investment income of CNY 3,102,776.84 in Q1 2023, significantly higher than CNY 1,204,005.42 in Q1 2022, marking an increase of 157.5%[58].