中国稀土(000831) - 2024 Q1 - 季度财报

Financial Performance - Revenue for Q1 2024 was RMB 301.56 million, a decrease of 81.94% compared to the same period last year[5] - Net profit attributable to shareholders was RMB -288.76 million, a decrease of 364.98% year-on-year[5] - Total operating income dropped to 301,555,734.07 from 1,670,055,793.65[20] - Net profit loss was -290,631,745.29 compared to a profit of 107,855,198.54[21] - Comprehensive income for the first quarter of 2024 was -290,631,745.29 RMB, compared to 107,855,198.54 RMB in the same period last year[22] - Basic and diluted earnings per share for the first quarter of 2024 were -0.2721 RMB, compared to 0.1027 RMB in the same period last year[22] Cash Flow - Operating cash flow was RMB -503.82 million, a decrease of 787.15% compared to the same period last year[5] - Cash received from sales of goods and services in the first quarter of 2024 was 244,118,344.95 RMB, a significant decrease from 1,005,115,292.08 RMB in the same period last year[23] - Net cash flow from operating activities in the first quarter of 2024 was -503,823,769.60 RMB, compared to -56,791,247.54 RMB in the same period last year[23] - Net cash flow from investing activities in the first quarter of 2024 was -34,537,708.43 RMB, compared to -17,208,567.99 RMB in the same period last year[24] - Net cash flow from financing activities in the first quarter of 2024 was -7,126,499.90 RMB, compared to 159,264,016.45 RMB in the same period last year[24] - The company's cash and cash equivalents decreased by 545,487,977.93 RMB in the first quarter of 2024, compared to an increase of 85,264,200.92 RMB in the same period last year[24] - The company's cash and cash equivalents balance at the end of the first quarter of 2024 was 1,353,067,510.29 RMB, compared to 1,003,970,932.05 RMB at the end of the same period last year[24] Assets and Liabilities - Total assets decreased by 7.20% to RMB 5.14 billion compared to the end of the previous year[5] - Total assets decreased to 5,138,224,587.05 from 5,536,722,774.93[18] - Total liabilities decreased to 399,592,642.15 from 509,555,085.97[19] - Total equity decreased to 4,738,631,944.90 from 5,027,167,688.96[19] - Current assets decreased to 3,979,051,192.97 from 4,586,004,973.40[18] - Non-current assets increased to 1,159,173,394.08 from 950,717,801.53[18] - The company's monetary funds at the end of the period amounted to 1,361,077,961.56 yuan, a decrease from 1,900,253,376.99 yuan at the beginning of the period[17] - The company's accounts receivable at the end of the period amounted to 148,746,061.37 yuan, a decrease from 261,183,559.24 yuan at the beginning of the period[17] - The company's inventory at the end of the period amounted to 1,488,371,528.32 yuan, a decrease from 1,641,419,337.43 yuan at the beginning of the period[17] Expenses and Costs - R&D expenses increased by 98.93% to RMB 11.40 million due to increased research and development investment[10] - Inventory impairment losses increased by 170.22% to RMB -346.31 million due to the continuous decline in rare earth product prices[10] - Income tax expenses decreased by 484.58% to RMB -73.92 million due to reduced profits and increased inventory impairment provisions[10] - Total operating costs were 322,589,421.69 compared to 1,412,887,526.29[20] - R&D expenses increased to 11,401,510.06 from 5,731,387.05[20] - Financial income showed a gain of -6,450,044.43 compared to -2,172,374.19[21] Shareholders and Equity - The total number of ordinary shareholders at the end of the reporting period is 162,821[12] - China Rare Earth Group Industrial Development Co., Ltd. holds 22.17% of the shares, totaling 235,228,660 shares[12] - China Rare Earth Group Co., Ltd. holds 14.88% of the shares, totaling 157,924,751 shares[12] - Central Enterprise Rural Industry Investment Fund Co., Ltd. holds 2.17% of the shares, totaling 22,988,505 shares[12] - Hong Kong Securities Clearing Co., Ltd. holds 1.52% of the shares, totaling 16,162,997 shares[12] - National Social Security Fund 112 Portfolio holds 1.40% of the shares, totaling 14,887,415 shares[12] - China Rare Earth Group plans to transfer 100,587,368 shares, approximately 9.48% of the company's total shares, to Guangdong Guangsha Holding Group Co., Ltd. free of charge[16] Other Financial Metrics - Prepaid expenses increased by 2670.19% to RMB 120.04 million due to increased raw material procurement by subsidiaries[8] - Short-term borrowings decreased by 48.90% to RMB 100.07 million due to reduced bank financing[8]