RNM(SH:600259)2021-04-29 16:00Financial Performance - Operating revenue rose by 70.70% to CNY 2,679,256,803.92 year-on-year[17] - Net profit attributable to shareholders increased by 689.83% to CNY 40,635,613.16 compared to the same period last year[17] - Basic earnings per share increased by 550.00% to CNY 0.13 compared to CNY 0.02 in the previous year[17] - Net profit surged by 3,832.71% to ¥47,157,197.29 from ¥1,199,103.21, reflecting significant growth in overall profitability[28] - Total profit rose by 1,429.34% to ¥51,526,813.71 from ¥3,369,213.82, attributed to increased sales and operational efficiency[28] - Total operating revenue for Q1 2021 was RMB 2,679,256,803.92, a significant increase from RMB 1,569,560,289.31 in Q1 2020, representing a growth of approximately 70.8%[47] - Net profit for Q1 2021 reached RMB 47,157,197.29, compared to RMB 1,199,103.21 in Q1 2020, indicating a substantial increase in profitability[49] - Total profit for Q1 2021 was RMB 51,526,813.71, compared to RMB 3,369,213.82 in Q1 2020, reflecting a robust growth trajectory[47] Assets and Liabilities - Total assets increased by 15.21% to CNY 5,283,758,588.84 compared to the end of the previous year[17] - Current assets totaled ¥3,914,128,524.34, up from ¥3,221,919,393.65, indicating a rise of about 21.5%[38] - Total liabilities reached ¥3,387,016,524.14, compared to ¥2,702,388,565.04, which is an increase of approximately 25.4%[41] - The company's equity attributable to shareholders increased to ¥1,758,692,715.59 from ¥1,723,038,050.94, showing a growth of about 2.1%[41] - Total assets amounted to approximately $4.59 billion, with non-current assets at about $1.36 billion[62] - Total liabilities reached approximately $2.70 billion, with current liabilities totaling around $2.10 billion[62] - Shareholders' equity totaled approximately $1.88 billion, with retained earnings showing a deficit of about $646.22 million[62] Cash Flow - Net cash flow from operating activities showed a significant improvement, moving from a negative CNY 486,139,990.18 to a positive CNY 141,084,463.92 year-on-year[17] - Cash flow from operating activities for Q1 2021 was RMB 2,788,429,678.99, compared to RMB 1,839,743,918.06 in Q1 2020, indicating strong operational cash generation[53] - The net cash flow from operating activities was -166,475,925.97 RMB, a significant decrease compared to 10,871,847.81 RMB in the same quarter last year[58] - Cash inflow from operating activities totaled 263,930,959.42 RMB, up from 172,220,254.05 RMB year-over-year[58] - Cash outflow from operating activities reached 430,406,885.39 RMB, compared to 161,348,406.24 RMB in the previous year[58] Shareholder Information - The total number of shareholders reached 48,310 by the end of the reporting period[19] - Guangdong Rare Earth Industry Group Co., Ltd. held 42.87% of the shares, making it the largest shareholder[19] Research and Development - Research and development expenses increased by 330.26% to ¥7,787,523.99 from ¥1,809,961.17, indicating a substantial rise in investment in innovation[28] - Research and development expenses in Q1 2021 were RMB 7,787,523.99, up from RMB 1,809,961.17 in Q1 2020, reflecting a focus on innovation and product development[47] Government Support - The company received government subsidies amounting to CNY 3,003,824.63, which are closely related to its normal business operations[19] Financial Management - The company incurred financial expenses of RMB 16,764,119.27 in Q1 2021, slightly down from RMB 17,555,581.23 in Q1 2020, indicating improved financial management[47] - The company is actively seeking solutions to resolve competitive issues related to its indirect controlling shareholder, which may impact future operations[31] Inventory and Accounts Receivable - Accounts receivable increased by 140.06% to ¥405,868,122.69 from ¥169,068,994.38 as a result of expanded business operations[24] - Inventory rose by 34.92% to ¥2,283,162,819.24 from ¥1,692,262,041.70 due to increased procurement activities[24]