BNMC(SH:601011)2016-04-29 16:00Financial Performance - Operating income for the period was CNY 341,527,357.48, a decrease of 4.07% year-on-year [7]. - Net profit attributable to shareholders was CNY 2,289,408.76, a significant recovery from a loss of CNY 19,464,887.68 in the same period last year [7]. - Basic and diluted earnings per share were both CNY 0.0017, recovering from a loss of CNY 0.02 per share in the same period last year [7]. - The company reported a net profit of CNY 19,792,753.22 from non-recurring gains and losses [9]. - Net profit for Q1 2016 was CNY 942,734.00, a significant recovery from a net loss of CNY 22,004,482.95 in the previous period [24]. - The company reported a total profit of CNY 14.39 million, an increase of 13.9% from CNY 12.63 million in Q1 2015 [27]. Cash Flow - Cash flow from operating activities decreased by 51.19% to CNY 30,892,654.50 compared to the previous year [7]. - Operating cash flow decreased by 51.19% compared to the same period last year, mainly due to a decrease in cash received from sales of goods and services [12]. - Cash flow from operating activities generated a net amount of CNY 30.89 million, down 51.2% from CNY 63.29 million in Q1 2015 [29]. - Cash flow from investing activities showed a net outflow of CNY 46.28 million, compared to a significant outflow of CNY 1.04 billion in Q1 2015 [31]. - The cash and cash equivalents net increase was -$11,591,756.18, contrasting with an increase of $461,882,821.62 in the previous period, highlighting a challenging cash flow environment [33]. Assets and Liabilities - Total assets decreased by 1.19% to CNY 7,944,207,914.24 compared to the end of the previous year [7]. - Total liabilities decreased from 3,055,152,604.15 yuan at the beginning of the year to 2,960,508,795.16 yuan [17]. - The total assets as of March 31, 2016, amounted to 7,944,207,914.24 yuan, a decrease from 8,039,565,927.66 yuan at the beginning of the year [17]. - Total liabilities decreased to CNY 2,648,171,541.98 from CNY 2,668,063,927.97 in the previous period, reflecting a reduction of 0.7% [21]. - The company's equity increased to CNY 3,723,614,016.86 from CNY 3,711,932,422.63, indicating a growth of 0.3% [21]. Shareholder Information - The number of shareholders at the end of the reporting period was 88,306 [10]. Government Subsidies - The company received government subsidies amounting to CNY 26,427,690.00, which were recognized in the current period [8]. Receivables and Payables - Accounts receivable increased by 201.61% compared to the beginning of the year, mainly due to an increase in customer acceptance bills received [11]. - Other receivables increased by 137.96% compared to the beginning of the year, mainly due to the increase in deductible input tax from the consolidated former joint venture [12]. - Tax payable decreased by 47.27% compared to the beginning of the year, mainly due to the payment of last year's taxes [12]. Financial Expenses and Investment Income - Financial expenses decreased by 45.69% compared to the same period last year, as the company repaid 720 million in corporate bonds, leading to a reduction in bond interest expenses [12]. - Investment income decreased by 46.08% compared to the same period last year, primarily due to a reduction in investment financial products [12]. - The company reported an investment income of CNY 629,074.47, down from CNY 1,166,596.32 in the previous period [24]. Operational Costs - Total operating costs for Q1 2016 were CNY 368,927,985.30, down 4.4% from CNY 385,740,307.54 in the previous period [23]. - Total operating expenses for Q1 2016 were CNY 301.53 million, an increase of 8.9% from CNY 276.86 million in Q1 2015 [27]. Future Plans - The company plans to focus on improving cash flow management and reducing operational costs in the upcoming quarters [27].