SHRC(600392)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 42.90% to CNY 257,188,688.25 year-on-year[6] - Operating income for the first nine months was CNY 5,426,542,679.05, reflecting a 1.70% increase compared to the same period last year[6] - Basic earnings per share decreased by 42.88% to CNY 0.1467[6] - The company reported a significant decrease in net profit due to non-recurring losses and reduced operational efficiency[6] - The company reported a net loss of approximately 911.53 thousand in intangible assets, showcasing its investment in non-physical assets[32] Cash Flow - Net cash flow from operating activities dropped significantly by 91.98% to CNY 273,682,494.21[6] - Cash flow from operating activities decreased by 91.98% to CNY 21,948,966.94, primarily due to increased prepayments for rare earth concentrates[11] - The net cash flow from financing activities improved by 107.56% to CNY 22,275,878.32, indicating a significant reduction in net repayment of external financing compared to the previous year[11] - The net cash flow from operating activities for Q3 2020 was ¥21,948,966.94, a decrease of 92.0% compared to ¥273,682,494.21 in Q3 2019[26] - The net cash flow from investing activities was -¥25,892,398.26, an improvement from -¥116,563,088.00 in Q3 2019[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 93,768[8] - The largest shareholder, China Geological Survey Institute, holds 14.04% of the shares[8] - Shareholders' equity reached CNY 5,734,442,838.43, up from CNY 5,478,941,468.75, which is an increase of about 4.7%[17] - The total equity attributable to shareholders of the parent company rose to CNY 5,490,867,164.21 from CNY 5,278,090,726.83, an increase of approximately 4%[16] Research and Development - Research and development expenses increased by 41.10% to CNY 163,916,479.96, reflecting higher spending on materials, labor, and energy[11] - Research and development expenses for Q3 2020 amounted to ¥64,864,212.91, a rise of 14.0% compared to ¥56,664,257.76 in Q3 2019[20] Income and Revenue - Non-operating income for the period amounted to CNY 31,732,221.16, with government subsidies contributing CNY 49,055,558.14[7] - Other income surged by 250.20% to CNY 68,670,082.73, attributed to increased government subsidies compared to the same period last year[11] - Investment income rose significantly by 1,168.05% to CNY 57,810,332.31, due to gains from the disposal of subsidiaries[11] - The company reported a significant increase in investment income of ¥56,362,736.65 in Q3 2020, compared to ¥4,280,419.49 in Q3 2019[21] Operational Efficiency - The weighted average return on equity decreased by 2.09 percentage points to 4.83%[6] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20]