SHRC(600392)2024-10-30 08:47Revenue and Profit Performance - Revenue for the quarter decreased by 38.38% year-over-year to RMB 2,803,305,612.26, primarily due to lower prices of rare earth and zirconium-titanium products and reduced trade business income[2] - Net profit attributable to shareholders increased by 117.46% year-over-year to RMB 161,386,602.84, driven by a rebound in rare earth product prices and improved gross margins[2] - Operating revenue for the first three quarters of 2024 was RMB 8.24 billion, a significant decrease from RMB 13.11 billion in the same period of 2023[18] - Revenue for the quarter reached 8,241,327,138.94 RMB, compared to 13,106,984,372.23 RMB in the previous year[19] - Net profit for the quarter was 116,743,511.55 RMB, compared to 198,061,994.71 RMB in the previous year[20] - Net profit attributable to shareholders of the parent company was 92,869,635.79 RMB, compared to 158,190,900.78 RMB in the previous year[20] Cash Flow and Financial Position - Operating cash flow for the quarter decreased by 54.74% year-over-year to RMB 229,613,939.57, mainly due to reduced cash received from sales[7] - The company's inventory turnover improved, leading to a 291.45% increase in operating cash flow for the year-to-date period[9] - Cash and cash equivalents increased from RMB 2.33 billion at the end of 2023 to RMB 2.44 billion as of September 30, 2024[15] - Cash flow from operating activities was 652,426,378.67 RMB, compared to 166,670,614.23 RMB in the previous year[23] - Total cash inflows from operating activities were 10,407,567,460.31 RMB, compared to 12,943,742,635.40 RMB in the previous year[23] - Total cash outflows from operating activities were 9,755,141,081.64 RMB, compared to 12,777,072,021.17 RMB in the previous year[23] - Investment activities generated a net cash outflow of -587,793,921.37, a decrease from -463,695,614.26 in the previous period[25] - Cash inflows from investment activities totaled 82,277,604.84, down from 64,146,111.21[25] - Cash outflows from investment activities amounted to 670,071,526.21, up from 527,841,725.47[25] - Financing activities resulted in a net cash outflow of -146,544,473.21, an improvement from -317,928,004.94[25] - Cash inflows from financing activities reached 3,989,003,306.69, significantly higher than 2,218,491,894.74[25] - Cash outflows from financing activities totaled 4,135,547,779.90, up from 2,536,419,899.68[25] - The net increase in cash and cash equivalents was -95,422,405.93, compared to -603,760,095.15 in the previous period[25] - The ending balance of cash and cash equivalents stood at 1,446,942,595.90, down from 1,566,744,965.96[25] Assets and Liabilities - Total assets at the end of the reporting period stood at RMB 15,254,019,498.21, a slight decrease of 0.47% compared to the end of the previous year[3] - Total assets decreased slightly from RMB 153.26 billion at the end of 2023 to RMB 152.54 billion as of September 30, 2024[17] - Total liabilities decreased from RMB 55.63 billion at the end of 2023 to RMB 54.70 billion as of September 30, 2024[17] - Inventory decreased from RMB 4.89 billion at the end of 2023 to RMB 3.76 billion as of September 30, 2024[15] - Fixed assets increased from RMB 971.74 million at the end of 2023 to RMB 1.27 billion as of September 30, 2024[16] - Intangible assets increased significantly from RMB 313.57 million at the end of 2023 to RMB 984.41 million as of September 30, 2024[16] - Short-term borrowings remained relatively stable at around RMB 2.65 billion as of September 30, 2024[17] - Accounts receivable decreased from RMB 968.96 million at the end of 2023 to RMB 893.42 million as of September 30, 2024[15] - Equity attributable to owners of the parent company decreased from RMB 90.19 billion at the end of 2023 to RMB 87.96 billion as of September 30, 2024[17] Shareholder Information - Shareholders' equity attributable to the company decreased by 2.47% year-over-year to RMB 8,795,893,184.05[3] - The total number of ordinary shareholders at the end of the reporting period is 146,335[10] - The top shareholder, China Geological Academy of Mineral Resources Comprehensive Utilization Institute, holds 246,382,218 shares, accounting for 14.06% of the total shares[10] Earnings Per Share and Return on Equity - Basic earnings per share for the quarter increased by 117.44% year-over-year to RMB 0.09, reflecting the recovery in rare earth product prices[9] - Diluted earnings per share for the quarter also increased by 117.44% year-over-year to RMB 0.09[9] - Weighted average return on equity (ROE) for the quarter was 1.79%, up 0.99 percentage points year-over-year[3] - Basic earnings per share (EPS) were 0.0530 RMB, compared to 0.0902 RMB in the previous year[22] Non-Recurring Items - Non-recurring gains and losses for the quarter amounted to RMB 7,269,992.72, primarily due to government subsidies and other non-operating income[6] Production and Sales Volume - The production volume of rare earth oxides decreased by 18.12% year-on-year to 5,059.14 tons[13] - The sales volume of rare earth salts increased by 79.66% year-on-year to 5,770.59 tons[13] - The production volume of rare earth rare metals increased by 41.17% year-on-year to 5,871.38 tons[13] - The production volume of zircon sand increased by 75.32% year-on-year to 7,661.00 tons[13] - The sales volume of titanium ore (including rutile) decreased by 42.41% year-on-year to 9,761.19 tons[13] - The production volume of rare earth concentrate (including monazite) increased by 101.53% year-on-year to 7,296.91 tons[13] - The production volume of rare earth oxides for the first nine months of 2024 increased by 55.71% year-on-year to 19,215.88 tons[14] - The sales volume of zircon sand for the first nine months of 2024 increased by 38.94% year-on-year to 25,246.00 tons[14] Comprehensive Income - Other comprehensive income after tax was -297,720,836.01 RMB, compared to -466,137,013.60 RMB in the previous year[20] Sales Revenue - Sales revenue from goods and services was 10,034,320,671.44 RMB, compared to 12,544,623,831.82 RMB in the previous year[23]