RNM(SH:600259)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 6,304,884,118.15, a significant increase of 120.02% year-on-year[17] - Net profit attributable to shareholders decreased by 57.17% to CNY 30,129,362.65 compared to the same period last year[17] - Basic earnings per share dropped by 56.52% to CNY 0.10 compared to CNY 0.23 in the same period last year[17] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 27.93% to CNY 2,349,624.89[17] - Total operating revenue for Q3 2020 reached ¥2,691,582,156.64, a significant increase from ¥1,322,637,545.40 in Q3 2019, representing a growth of approximately 103%[49] - The net profit for Q3 2020 was ¥9,283,323.99, compared to ¥1,719,748.07 in Q3 2019, indicating a year-over-year increase of about 440%[52] - The company achieved a total profit of ¥16,949,812.46 in Q3 2020, compared to ¥9,530,241.62 in Q3 2019, marking an increase of approximately 78%[49] - The total comprehensive income for Q3 2020 was ¥9,283,323.99, significantly higher than ¥1,719,748.07 in Q3 2019, reflecting strong overall performance[52] Cash Flow and Liquidity - The net cash flow from operating activities showed a decline of 199.05% compared to the previous year, with a net cash flow of CNY -171,354,299.31[17] - The company reported a net cash flow from operating activities of -¥171,354,299.31, a significant decline of 199.05% compared to ¥173,000,643.07 in the previous period, primarily due to increased inventory reserves[30] - The company generated ¥7,261,534,236.63 in cash from sales and services in the first three quarters of 2020, a substantial increase from ¥3,210,927,904.39 in the same period of 2019[60] - The total cash inflow from financing activities in Q3 2020 was ¥1,453,751,599.31, an increase from ¥851,878,662.70 in Q3 2019[60] - Cash flow from financing activities totaled approximately ¥4.76 billion in the first three quarters of 2020, a significant increase from ¥1.05 billion in the same period of 2019, reflecting a growth of 354%[65] Assets and Liabilities - Total assets increased by 10.51% to CNY 4,340,350,663.73 compared to the end of the previous year[17] - The total number of shareholders at the end of the reporting period was 43,763[20] - The largest shareholder, Guangdong Rare Earth Industry Group, holds 42.87% of the shares[20] - Current assets rose to ¥3,414,394,550.77, up from ¥2,896,883,555.22, marking an increase of about 17.8% year-over-year[41] - Total liabilities increased to ¥2,469,782,674.67 from ¥2,087,819,361.73, which is an increase of around 18.3%[43] - Long-term borrowings surged to ¥770,000,000.00 from ¥320,000,000.00, indicating a substantial increase of 140.6%[43] - The company's total equity as of September 30, 2020, was ¥1,870,567,989.06, compared to ¥1,839,787,046.54 at the end of 2019, showing a slight increase of about 1.5%[43] Research and Development - The company’s research and development expenses doubled to ¥9,199,365.53, a 100.01% increase from ¥4,599,526.91, reflecting a commitment to innovation[30] - Research and development expenses rose to ¥2,943,724.57 in Q3 2020, up from ¥1,985,502.11 in Q3 2019, reflecting a growth of approximately 48%[49] Shareholder Information - The company's total equity attributable to shareholders was reported at ¥1.72 billion, reflecting stability in shareholder value despite operational challenges[67] Other Financial Metrics - The weighted average return on net assets decreased by 2.34 percentage points to 1.76%[17] - The company reported a decrease in financial expenses to ¥13,456,871.52 in Q3 2020 from ¥16,757,655.66 in Q3 2019, a reduction of about 20%[49] - The company’s other income decreased by 63.08% to ¥33,044,721.04 from ¥89,506,965.64, mainly due to a reduction in government subsidies received[30]