SHRC(SH:600392)2024-04-29 08:56Financial Performance - The company's operating revenue for the current period is ¥2,885,986,957.22, representing a decrease of 39.92% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company is -¥215,570,282.47, a decline of 378.59% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses is -¥219,820,069.34, down 531.71% compared to the previous year[4] - The net cash flow from operating activities is -¥402,788,064.12, a decrease of 168.38% year-on-year[4] - The basic earnings per share is -¥0.1230, reflecting a decline of 378.91% compared to the same period last year[4] - The diluted earnings per share is also -¥0.1230, with a decrease of 378.91% year-on-year[4] - The weighted average return on equity is -0.02%, a decrease of 0.85 percentage points compared to the previous year[4] - The significant decline in revenue and profit is attributed to a substantial drop in rare earth product prices compared to the same period last year[6] - The net profit for the first quarter of 2024 was CNY -226,307,531.34, compared to a net profit of CNY 88,940,519.72 in the same period last year[14] - The total comprehensive income for the first quarter of 2024 was CNY -812,027,418.15, a significant decline from CNY 450,675,848.75 in the previous year[14] - Basic and diluted earnings per share for the first quarter of 2024 were both CNY -0.1230, compared to CNY 0.0441 in the same period last year[28] - The company reported an operating profit of CNY -259,738,473.80 for the first quarter of 2024, compared to an operating profit of CNY 85,341,524.96 in the previous year[14] Cash Flow and Assets - The increase in accounts receivable and prepaid accounts contributed to the negative cash flow from operating activities[6] - The company's cash and cash equivalents decreased to CNY 2,022,056,614.09 from CNY 2,333,940,380.80, reflecting a decline of approximately 13.4%[34] - Accounts receivable increased to CNY 1,087,217,886.57, up from CNY 968,962,969.63, indicating a growth of about 12.2%[34] - Inventory decreased to CNY 4,084,522,535.03 from CNY 4,885,659,309.38, representing a decline of approximately 16.4%[34] - The equity attributable to shareholders of the listed company decreased by 7.68% to CNY 8,325,869,432.19 from CNY 9,018,779,388.72[34] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 2,760,933,344.60, down from CNY 4,033,495,966.57 in the previous year[55] - The company experienced a decrease in cash paid for goods and services, amounting to CNY 2,961,623,011.16, compared to CNY 3,857,213,565.49 in Q1 2023[55] - The ending balance of cash and cash equivalents was CNY 1,171,910,380.87, down from CNY 1,852,427,227.71 at the end of Q1 2023[56] Liabilities and Borrowings - The total liabilities of the company as of March 31, 2024, were not explicitly stated but can be inferred from the total assets and equity figures[34] - Total liabilities were approximately ¥5.39 billion, compared to ¥5.56 billion in the previous period[52] - The company’s long-term borrowings decreased to approximately ¥327.66 million from ¥498.41 million[52] Production and Sales - The company reported a significant decrease in sales volume for rare earth oxides, down 24.95% year-over-year to 2,560.36 tons[49] - The production volume of rare earth oxides increased by 75.38% year-over-year to 4,598.59 tons[49] Government Support - The company received government subsidies amounting to ¥6,141,327.38, which are closely related to its normal business operations[5] Cash Flow Activities - In Q1 2024, the cash inflow from operating activities was CNY 2,873,976,595.53, a decrease of 30.8% compared to CNY 4,157,385,077.63 in Q1 2023[55] - The net cash outflow from operating activities was CNY -402,788,064.12, compared to CNY -150,081,048.01 in the same period last year[55] - The cash inflow from investment activities totaled CNY 41,077,887.22, an increase from CNY 38,455,264.47 in Q1 2023[56] - The net cash outflow from investment activities was CNY -289,437,890.88, compared to CNY -34,468,456.55 in the previous year[56] - The cash inflow from financing activities was CNY 1,564,844,761.90, up from CNY 1,087,125,095.61 in Q1 2023[56] - The net cash flow from financing activities was CNY 320,527,809.02, a significant improvement from CNY -121,665,815.81 in the same quarter last year[56] Asset Overview - As of March 31, 2024, total assets decreased by 5.99% to CNY 14,407,923,863.53 from CNY 15,325,764,939.65 at the end of the previous year[34] - Non-current assets totaled approximately ¥5.24 billion, a decrease from ¥5.60 billion in the previous period[40] - Current assets amounted to approximately ¥9.17 billion, down from ¥9.73 billion[40] - The company’s equity attributable to shareholders was approximately ¥8.33 billion, down from ¥9.02 billion[52]