GRIAM(SH:600206)2023-10-18 16:00Financial Performance - Total operating revenue for the first three quarters of 2023 was CNY 8,319,911,175.99, a decrease of 29.5% compared to CNY 11,734,988,484.56 in the same period of 2022[5] - The company's operating revenue for the current period is CNY 2,671,988,933.96, representing a decrease of 38.27% compared to the same period last year[17] - The net profit attributable to shareholders for the current period is CNY 86,849,748.80, an increase of 22.44% year-over-year[17] - The net profit attributable to shareholders for the year-to-date period decreased by 46.31%, significantly impacted by losses in rare earth materials and a 22% decline in gross profit from platinum group metals[35] - The net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 49.19% year-to-date, reflecting a reduction in overall profitability[35] - The basic earnings per share for the current period is CNY 0.103, reflecting a 9.14% increase year-over-year[18] - The basic earnings per share for the year-to-date period decreased by 47.94%, consistent with the decline in net profit attributable to shareholders[35] - The total comprehensive income for the current period is ¥135,538,022.58, compared to ¥272,882,060.84 in the previous period, indicating a decrease of about 50.3%[52] - The operating profit for the current period is ¥171,761,384.06, down from ¥328,749,372.64 in the previous period, reflecting a decline of approximately 47.8%[52] - The net profit for the current period is ¥136,103,861.33, compared to ¥272,882,060.84 in the previous period, showing a decrease of around 50.1%[52] - The basic and diluted earnings per share for the current period are both ¥0.165, down from ¥0.317 in the previous period, a decline of approximately 47.9%[54] Cash Flow - Net cash flow from operating activities for the first three quarters of 2023 was -CNY 449,724,618.48, an improvement from -CNY 694,743,608.63 in the same period of 2022[9] - The company's cash inflow from operating activities was CNY 8,808,919,980.18 in the first three quarters of 2023, down from CNY 12,546,718,022.95 in the same period of 2022[9] - The company's cash outflow from operating activities was CNY 9,258,644,598.66 in the first three quarters of 2023, compared to CNY 13,241,461,631.58 in the previous year[9] - The company's cash flow from operating activities increased by 35.27% year-to-date, mainly due to a reduction in cash outflows for purchases[35] - The cash and cash equivalents at the end of the period are CNY 408,926,794.21, down from CNY 1,118,646,278.53 at the beginning of the period[18] - The company reported a net cash outflow from investment activities of CNY -228,231,662.30, an improvement from CNY -372,962,744.57 in the previous period[17] - The net cash flow from financing activities is CNY -32,920,863.37, compared to a positive flow of CNY 205,329,602.12 in the same period last year[17] Assets and Liabilities - Total assets increased to CNY 5,963,104,655.17 in Q3 2023, up from CNY 5,540,654,327.84 in Q3 2022, reflecting a growth of 7.6%[4] - Total liabilities rose to CNY 2,005,178,556.94 in Q3 2023, compared to CNY 1,608,437,324.53 in Q3 2022, marking an increase of 24.6%[4] - Non-current assets totaled CNY 1,873,266,193.35 in Q3 2023, up from CNY 1,673,326,776.58 in Q3 2022, representing an increase of 11.9%[3] - Current liabilities increased to CNY 1,459,734,183.52 in Q3 2023, compared to CNY 1,053,181,179.52 in Q3 2022, a rise of 38.6%[4] - The total assets at the end of the reporting period amount to CNY 5,963,104,655.17, an increase of 7.62% from the end of the previous year[18] - As of September 30, 2023, total current assets amounted to approximately RMB 4.09 billion, an increase from RMB 3.87 billion at the end of 2022[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 81,154, with the largest shareholder holding 33.09% of the shares[31] Inventory and Production - The company reported a significant increase in inventory, with current inventory valued at approximately RMB 1.6 billion, up from RMB 1.19 billion at the end of 2022[39] - The company has initiated the expansion project for Yuyin Yijin target materials, which officially commenced production on September 20, 2023[37] Regulatory and Administrative Matters - The company is currently undergoing a review process with the State-owned Assets Supervision and Administration Commission regarding the sale of part of its equity in a subsidiary[37] Expenses - The research and development expenses for the current period amount to ¥128,890,836.46, slightly down from ¥134,733,828.26 in the previous period, a decrease of about 4.4%[52] - The tax expenses for the current period are ¥13,908,482.38, compared to ¥18,468,240.76 in the previous period, indicating a decrease of approximately 24.4%[52] - The financial expenses for the current period are ¥16,610,270.57, down from ¥22,285,774.93 in the previous period, reflecting a decline of about 25.5%[52] - The investment income for the current period is ¥12,419,885.60, compared to ¥4,713,400.84 in the previous period, showing an increase of approximately 163.5%[52] Minority Interests - The company reported a net loss attributable to minority shareholders of ¥3,603,741.95, compared to a profit of ¥12,692,432.00 in the previous period[52]