RNM(SH:600259)2024-04-28 08:41Financial Performance - The net profit attributable to shareholders for the first quarter was RMB 959,259.06, after accounting for non-recurring gains and losses[5] - Operating revenue for the reporting period was ¥1,752,590,421.48, a decrease of 71.73% compared to the same period last year[41] - Net profit attributable to shareholders of the listed company was -¥303,953,720.68, representing a decline of 5,470.56% year-on-year[41] - The net loss attributable to shareholders for Q1 2024 was approximately ¥303.95 million, compared to a profit of ¥5.66 million in Q1 2023, indicating a substantial decline[60] - Basic and diluted earnings per share were both -¥0.90, a decrease of 4,617.26% compared to the previous year[41] - Basic and diluted earnings per share for Q1 2024 were both -¥0.90, compared to ¥0.02 in Q1 2023[60] Assets and Liabilities - The total assets of Guangsheng Nonferrous Metals reached RMB 8,426,782,982.49, an increase from RMB 7,676,922,592.94 in the previous period, reflecting a growth of approximately 9.8%[14] - The company's total liabilities increased to RMB 4,787,320,565.45 from RMB 3,718,110,434.85, representing a rise of about 28.8%[14] - The total equity attributable to shareholders decreased to RMB 3,349,109,550.85 from RMB 3,650,684,248.58, indicating a decline of approximately 8.2%[14] - The company's short-term borrowings rose significantly to RMB 2,071,257,141.32 from RMB 1,444,441,507.99, marking an increase of about 43.5%[14] - The company's long-term borrowings increased to RMB 400,000,000.00 from RMB 380,000,000.00, reflecting a growth of about 5.3%[14] - The total liabilities amounted to CNY 3,718,110,434.85, with current liabilities totaling CNY 2,664,274,203.12[21] Cash Flow and Investments - In Q1 2024, the cash inflow from operating activities was CNY 2,160,279,608.71, a decrease of approximately 66.0% compared to CNY 6,358,227,377.39 in Q1 2023[17] - The cash received from sales of goods and services was CNY 2,126,989,071.97, down from CNY 6,335,642,036.53 in the same period last year, indicating a significant decline in revenue[17] - The cash outflow for purchasing goods and services was CNY 2,311,136,606.59, down from CNY 6,707,286,839.69 in the previous year[17] - The net cash flow from operating activities was -$299.89 million, an improvement from -$499.55 million in the previous period, indicating a 40.0% reduction in losses[73] - Cash inflow from investment activities totaled $6.69 million, slightly down from $7.11 million year-over-year[73] - The net cash flow from financing activities was $425.87 million, a decrease of 33.8% compared to $642.77 million in the prior period[73] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 129,372,517, representing 38.45% of the total shares[11] - The total equity attributable to shareholders was CNY 3,650,684,248.58, reflecting the company's financial position[21] Operational Metrics - Accounts receivable increased by 39.54%, primarily due to an increase in credit sales during the reporting period[23] - The company reported a significant increase in accounts payable, indicating potential liquidity challenges[23] - Research and development expenses increased to approximately ¥9.51 million in Q1 2024, up from ¥8.60 million in Q1 2023, reflecting a focus on innovation[57] Inventory and Other Income - Inventory decreased by 2.81%, primarily due to an increase in inventory impairment losses recognized during the reporting period[44] - Other income decreased by 75.47%, primarily due to a significant amount of deferred income recognized in the same period last year from the disposal of non-current assets[44] - Other income for Q1 2024 was approximately ¥3.57 million, a decrease from ¥14.56 million in Q1 2023, indicating reduced ancillary revenue streams[57] Tax and Compensation - The company incurred $64.90 million in taxes paid, significantly higher than $34.82 million in the previous period, reflecting increased tax obligations[73] - The cash outflow for employee compensation was $74.09 million, up from $71.87 million, indicating a rise in payroll expenses[73]