SHRC(600392)2021-04-22 16:00Financial Performance - Net profit attributable to shareholders surged by 2,787.37% to CNY 310,680,527.88 from CNY 10,759,975.70 in the same period last year[4] - Operating revenue rose by 32.30% to CNY 2,351,620,846.99 compared to CNY 1,777,544,063.30 in the previous year[4] - Basic earnings per share reached CNY 0.1792, up 2,837.70% from CNY 0.0061[4] - Net profit surged by 1,693.30% to ¥320,660,442.72, reflecting significant growth in product sales gross margin[7] - Total operating revenue for Q1 2021 was approximately 1.78 billion in Q1 2020[15] - Net profit for Q1 2021 reached approximately 17.88 million in Q1 2020, representing a significant increase[16] - The company reported a total profit of approximately 28.70 million in Q1 2020[16] Assets and Liabilities - Total assets increased by 9.81% to CNY 13,294,495,518.39 compared to the end of the previous year[4] - Total assets increased to ¥13,294,495,518.39, up from ¥12,106,339,468.78 at the beginning of the period[11] - Total liabilities rose to ¥885,426,722.23 in Q1 2021, up from ¥799,133,777.38 in Q4 2020, indicating an increase of about 10.4%[14] - Owner's equity totaled ¥5,975,285,339.69 as of March 31, 2021, slightly up from ¥5,971,863,025.37 at the end of 2020, showing a marginal increase of 0.06%[14] Cash Flow - Net cash flow from operating activities was negative at CNY -280,322,441.33, worsening from CNY -133,714,649.44 in the previous year[4] - Cash flow from operating activities showed a net outflow of ¥280,322,441.33, worsened by increased procurement payments due to rising raw material prices[8] - Total cash inflow from operating activities was 2,440,649,391.22 RMB, up from 1,447,032,230.80 RMB in the same period last year, reflecting a growth of approximately 68.6%[21] - Cash outflow from operating activities increased to 2,720,971,832.55 RMB, compared to 1,580,746,880.24 RMB in Q1 2020, representing a rise of about 72.2%[21] - The company reported a net cash flow from investing activities of 36,433,322.62 RMB, a significant improvement from -113,761,824.14 RMB in Q1 2020[21] - Cash inflow from financing activities totaled 1,234,469,943.83 RMB, compared to 492,013,383.85 RMB in the previous year, marking an increase of approximately 150.5%[22] Shareholder Information - The total number of shareholders was 154,823 at the end of the reporting period[6] - The largest shareholder, China Geological Survey Institute, holds 14.04% of the shares[6] Research and Development - Research and development expenses increased by 168.76% to ¥91,363,837.19 as the company intensified its R&D investments[7] - Research and development expenses increased to approximately 33.99 million in Q1 2020, indicating a focus on innovation[15] Inventory and Accounts Receivable - Accounts receivable increased by 21.01% to ¥2,254,256,977.80 due to expanded sales scale amid favorable rare earth market conditions[7] - Inventory rose by 9.38% to ¥3,024,976,285.42 driven by rising prices of rare earth raw materials[7] - Accounts receivable decreased to ¥12,990,014.41 in Q1 2021 from ¥65,837,909.14 in Q4 2020, a decline of about 80.3%[13] Other Information - The company has not disclosed any new product or technology developments in this report[4] - There are no significant mergers or acquisitions reported during this quarter[4]