BHCC(SH:600800)2014-04-28 16:00Financial Performance - The company's total revenue for Q1 2014 was approximately ¥699.62 million, a decrease of 0.48% compared to the same period last year[8]. - The net profit for Q1 2014 was approximately ¥70.17 million, down 6.72% year-over-year[8]. - Earnings per share (EPS) for Q1 2014 was ¥0.0083, a decline of 210.67% compared to the previous year[8]. - The company's operating revenue for Q1 2014 was RMB 35,475,574.78, a decrease of 8.5% compared to RMB 38,882,123.86 in the same period last year[23]. - The net profit for Q1 2014 was a loss of RMB 2,112,637.41, compared to a profit of RMB 9,228,939.86 in Q1 2013, indicating a significant decline in profitability[23]. - The company's operating costs for Q1 2014 were RMB 22,301,118.08, an increase from RMB 21,984,691.92 in the previous year, indicating rising expenses[23]. - The financial expenses for Q1 2014 were RMB 342,359.19, a significant recovery from a negative RMB 6,616,952.16 in the same period last year[23]. - The company reported a basic and diluted earnings per share of -0.0035 for Q1 2014, down from 0.0151 in Q1 2013, highlighting a deterioration in earnings performance[23]. - The company recorded other comprehensive income of RMB 12,478.32 in Q1 2014, down from RMB 15,218.32 in the previous year, indicating a decline in non-operational gains[23]. Assets and Liabilities - The company reported a total asset value of approximately ¥37.05 billion as of March 31, 2014[8]. - The total liabilities were approximately ¥40.49 billion, reflecting an 8.49% increase year-over-year[8]. - Total current assets decreased slightly from RMB 308,467,308.19 to RMB 306,762,363.62, a decline of approximately 0.55%[17]. - Accounts receivable decreased from RMB 73,147,147.06 to RMB 71,945,158.93, a reduction of about 1.65%[17]. - Inventory increased significantly from RMB 37,120,038.66 to RMB 50,907,540.91, representing an increase of approximately 37.1%[17]. - Total non-current assets decreased from RMB 394,542,825.12 to RMB 392,861,084.77, a decline of about 0.43%[17]. - Total liabilities increased from RMB 642,340,680.09 to RMB 644,656,490.43, an increase of approximately 0.36%[18]. - Shareholders' equity decreased from RMB 60,669,453.22 to RMB 54,966,957.96, a decline of about 9.4%[18]. - The total liabilities as of March 31, 2014, amounted to RMB 569,250,850.68, slightly up from RMB 567,414,657.64 at the beginning of the period[20]. - The total shareholders' equity decreased to RMB 81,277,389.40 from RMB 83,377,548.49 at the beginning of the period, reflecting a decline in the company's net worth[20]. - The total liabilities and shareholders' equity combined amounted to RMB 650,528,240.08, showing stability in the overall financial structure despite losses[20]. Cash Flow - The company's cash flow statement for Q1 2014 indicates ongoing liquidity challenges, with cash flow from operating activities under scrutiny[24]. - Operating cash inflow for the current period is RMB 49,475,006.60, down 29.3% from RMB 69,912,971.06 in the previous period[25]. - Operating cash outflow for the current period is RMB 55,209,511.86, a significant decrease of 61.4% compared to RMB 142,968,490.44 in the previous period[25]. - Net cash flow from operating activities is RMB 100,503,662.92, down 47.5% from RMB 191,323,584.05 in the previous period[25]. - Investment cash outflow for the current period is RMB 1,182,460.00, an increase from RMB 553,000.00 in the previous period[25]. - Net cash flow from financing activities is RMB 76,500.00, compared to a net outflow of RMB 25,033,333.33 in the previous period[25]. - The ending cash and cash equivalents balance is RMB 124,145,095.12, a decrease from RMB 143,200,576.89 at the beginning of the period[25]. - Total cash inflow from operating activities is RMB 92,116,115.59, up from RMB 39,970,552.63 in the previous period[27]. - Total cash outflow from operating activities is RMB 201,238,871.56, an increase from RMB 155,991,250.68 in the previous period[27]. - The net cash flow from operating activities for the current period is RMB -77,322,418.43, slightly improved from RMB -84,065,565.49 in the previous period[27]. - The cash and cash equivalents net increase for the current period is RMB -78,500,898.43, compared to RMB -97,334,813.68 in the previous period[27]. Shareholder Information - The number of shares outstanding was 8,400 million as of the end of Q1 2014[10]. - The top shareholder, Tianjin Global Magnetic Card Group Co., Ltd., held 176,189,776 shares, representing a significant portion of the company's equity[12]. Corporate Developments - The company has not disclosed any new product developments or technological advancements during this quarter[11]. - There were no significant mergers or acquisitions reported in the first quarter of 2014[11]. - The financial statements for Q1 2014 were unaudited, indicating a need for further verification of the reported figures[5].